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Chainalysis said around 94% of the TRUMP and MELANIA tokens are held by around 40 wallets that each hold over $10 million worth.

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Real optimism is absent, especially in Germany, but the new administration might be the gut-punch the Old World needs.

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Ethereum has been consolidating in a tight price range for several months, trading between $3,200 and $3,500. Despite the broader market’s recent upward movement, ETH still struggles to break out of this range.

This stagnation comes after a prolonged decline from its all-time high of $4,800, recorded in late 2021. The cryptocurrency is now down roughly 32% from this peak.

Notably, even the appointment of the new pro-crypto administration and a renewed sense of regulatory clarity have done little to propel Ethereum beyond its current resistance levels.

Amid these market conditions, ShayanBTC, a contributor to CryptoQuant’s QuickTake platform, has highlighted a critical metric that could signal an impending price move for ETH.

Elevated Leverage Ratios In Ethereum And Its Implications

According to Shayan in a recent analysis uploaded on the CryptoQuant QuickTake platform, the Estimated Leverage Ratio of Ethereum—a measure of the average leverage used by futures market participants—has been climbing steadily so far.

This rise as reported by Shayan reflects an increased willingness among traders to take on risk, even as Ethereum’s price remains stuck in consolidation. With leverage at elevated levels, the stage may be set for a significant price swing, though its direction remains uncertain. Shayan noted:

The impending breakout from this range, driven by the high-leverage environment, is expected to trigger a significant and impulsive price move.

Shayan elaborated that as more traders take on higher leverage, the market becomes more susceptible to sharp price movements. This is because if these leveraged positions are liquidated—either through a short or long squeeze—it could trigger a sudden and significant price adjustment.

The ongoing consolidation around $3,200–$3,500 has heightened interest in what lies ahead for Ethereum. The CryptoQuant analyst wrote:

Given the prevailing market sentiment, a bullish breakout appears more probable. However, traders should monitor the leverage ratio closely, as any abrupt change could lead to unexpected volatility and liquidations.

ETH Market Performance

At the time of writing, ETH trades at $3,282, declining by 0.1% in the past 24 hours. Interestingly, despite this lackluster performance from ETH, the asset’s daily trading volume in the past week has been quite positive.

Last Wednesday, ETH’s trading volume sat below $20 billion, however as of today, Ethereum’s daily trading volume hovers above $24 billion. This is quite an opposite trend especially when compared to ETH’s market performance over the same period.

According to Javon Marks, a renowned crypto analyst on X, Ethereum appears to be on the verge of a significant rally to $12,000 due to a similar performance to the Fib Level as it did in a previous bull cycle.

ETH (Ethereum), with a similar performance to the 1.618 Fib Level as it did this past bull cycle, could be set for a near +240% increase from here to the $11,865.6 levels!

A 5 Figure ETH may be on the way and in-development now and this can help many Altcoins into major runs . pic.twitter.com/eJT1Fu986b

— JAVONMARKS (@JavonTM1) December 29, 2024

Featured image created with DALL-E, Chart from TradingView

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Solana (SOL) has entered 2025 on a strong note, posting gains on both a monthly and weekly basis. However, Solana (SOL) remains criticized for its ecosystem rate of inflation and network outages that have plagued the platform. Meanwhile, Remittix is amassing popularity among investors for its pragmatic approach to solving issues in the cross-border payment space. Packing plenty of utility for investors, businesses and individuals, this project is poised to disrupt the PayFi space in 2025. So what are the key features that are drawing so many to Remittix and how will Solana fare over the next quarter?

Solana (SOL) Posts Strong Gains In January 

Solana (SOL) had a slow 2024, causing impatience among many holders, though it has caught a second wind in the first few weeks of January. Solana’s net gain now stands at 61% over the last month with most of that increase over just the last week. Solana’s market cap has stormed back past $100 billion now settling on $124.51 billion. Though it’s not clear how much further Solana (SOL) could go. Despite its successes, some critics of Solana (SOL) are still skeptical of its growth, believing it may face corrective price action in the near future.

A New Era for Cross-Border Payments

Via the powerful Remittix (RTX) platform, users can convert over 40 cryptocurrencies into fiat currencies and transfer funds directly to global bank accounts. Unlike traditional systems laden with hidden fees and unpredictability, Remittix operates with a flat rate pricing model, ensuring that recipients receive exactly what is sent. This straightforward approach and the cost effective structure make Remittix an appealing option for both personal and business use.

Crypto Payment Adoption for Businesses

Remittix also offers powerful tools for businesses to embrace cryptocurrency as a viable payment option. The Remittix Pay API is an impressive piece of technology, enabling companies to accept crypto payments from their customers while settling transactions in fiat and transferring the funds to their desired bank account. This solution is particularly ideal for individuals and businesses who are aware of the potential of the cryptocurrency market and customer base, but who do not feel comfortable navigating its complexities.

User Privacy

Another key feature of Remittix (RTX) is its focus on user privacy. Transactions processed through Remittix arrive as conventional bank transfers, completely hiding their cryptocurrency origins. This approach offers both individuals and businesses greater confidence in adopting blockchain solutions without attracting unwanted attention. This is particularly helpful in industries where crypto payments may carry some stigma.

Remittix Presale Surpasses $4 Million Raised

Currently in its presale phase, Remittix (RTX) is demonstrating potential having already raised over $4 million and maintaining its strong momentum. Tokens are available for $0.0228 and analysts expect an explosive 800% price surge for the token by the time the presale ends and a potential 5,000% spike post launch.

With its practical approach to real world issues, Remittix (RTX) is positioning itself as a major player in the prosperous global cross-border payments market. For those who want to be a part of the next big thing in DeFi, this is not a project to sleep on.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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In an interview with Fox News, President Trump downplayed the threat of China using TikTok to spy on Americans. Trump suggested all electronic products manufactured in China could carry a risk, adding that the social media app was not the most serious of them. “Is it that important for China to be spying on young people, on young kids, watching crazy videos?” Trump said. (Source: Bloomberg)

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