Pooja Khardia, Author at coinpress https://coinpress.live/author/pooja/ coinpress - 24*7 Crypto Updates Sat, 11 Jan 2025 13:29:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://coinpress.live/wp-content/uploads/2023/11/cropped-coinpress_logo2-32x32.png Pooja Khardia, Author at coinpress https://coinpress.live/author/pooja/ 32 32 Will Donald Trump Be The First Sitting US President to Hold Meme Coins? https://coinpress.live/trending/will-donald-trump-be-the-first-sitting-us-president-to-hold-meme-coins/ Sat, 11 Jan 2025 13:29:39 +0000 https://coinpress.live/?post_type=trending&p=233063 Donald Trump will soon be the 47th US President, with the inauguration event on January 20. Compared to the last presidency, things are totally different this time. Trump’s perspective towards the crypto industry has changed drastically from complete opposition to support, with promises of transforming the USA into the crypto superpower, introducing crypto regulation, and

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Donald Trump will soon be the 47th US President, with the inauguration event on January 20. Compared to the last presidency, things are totally different this time. Trump’s perspective towards the crypto industry has changed drastically from complete opposition to support, with promises of transforming the USA into the crypto superpower, introducing crypto regulation, and much more. Although this is a pleasant moment for crypto investors, the excitement is higher about Trump’s crypto holding, driving him to become the first sitting US president to hold meme coins. Let’s discuss his holding and portfolio worth.

Donald Trump Crypto Wallet Holdings Worth Exceeds $15M

Per the latest Arkham Intelligence report, Donald Trump’s crypto wallets hold multiple cryptocurrencies whose value exceeds $15M in the crypto market. Out of these, a significant portion is of meme-themed cryptocurrencies. The continuity of these holdings will make him the first sitting president with meme coin holdings.

The elected president also holds top altcoins like Ethereum, BNB, and Matic and stablecoins like USDC and USDT, maintaining a diversified portfolio. At its peak, these holdings were worth $26M but have dropped to $15M amid crypto market struggles with Bitcoin price consolidations.

Donald Trump Crypto Portfolio

Interestingly, Trump’s crypto project, WLFI holds millions worth of cryptos after significant buying in 2024, taking a strong stand in the cryptocurrency industry. Notably, Trump’s impact is relatively high in the market, influencing the Trump-themed cryptos and other meme-themed coins held.

Top Memecoins In Trump’s Crypto Portfolio

More than 70% of Trump’s crypto portfolio is filled with top meme coins, including Trump-themed cryptos, which have increased demand in the market. Although none of these Trump meme tokens has a direct connection with the soon-to-be president, his online presence still influences the price of these tokens. As a result, investors eye them and invest actively. Interestingly, Trump’s portfolio also includes Trump-themed meme coins like TRUMP STRUMP, MAGA, TRUMP INU, and many others.

However, the biggest holding is in a frog-themed meme token called TROG. Arkham reports reveal 210.345B TROG holdings, equivalent to $9M. This scenario often influences the TROG price, which is up by 50% today. The second biggest holding is TRUMP, as the portfolio covers 579.29K TRUMP, equivalent to $1.70M. MAGA is also a constituent of the crypto portfolio, where 301.168M MAGA, equivalent to $27.85K, is present.

Trump meme coins

Surprisingly, despite millions worth of portfolio and Bitcoin backing, Donald Trump’s portfolio still lacks BTC, gaining side eyes from the supporters. Some show curiosity, while some show concern. To this day, Donald has not commented on the situation, leaving followers in doubt, especially as he wishes to use Bitcoin reserves to tackle US debt.  

Bottom Line

With over 70% of the portfolio, Donald Trump will become the first ever sitting US President to hold meme coins. In this, a TROG and other Trump-themed coins cover a significant portion of the portfolio. Other than these, a considerable portion is utilized by Ethereum and other altcoins, but Bitcoin is still missing from the soon-to-be President’s crypto portfolio. Despite that, crypto enthusiasts await the inauguration day and much-needed crypto regulations with Trump’s presidency.

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How 3 Consecutive Wins Made This Crypto Investor $9M in Profits? https://coinpress.live/trending/how-3-consecutive-wins-made-this-crypto-investor-9m-in-profits/ Sat, 11 Jan 2025 10:36:30 +0000 https://coinpress.live/?post_type=trending&p=233037 A crypto investor turned savvy as its three constant wins led to a profit of $9M. Lookonchain’s recent findings point to the trader and the three strategic trades that turned successful and profitable despite the market volatility. Let’s check the investors’ trades and trading strategies. Crypto Investor Earns Millions With Memecoins The crypto trading industry

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A crypto investor turned savvy as its three constant wins led to a profit of $9M. Lookonchain’s recent findings point to the trader and the three strategic trades that turned successful and profitable despite the market volatility. Let’s check the investors’ trades and trading strategies.

Crypto Investor Earns Millions With Memecoins

The crypto trading industry is widely famous among traders for its high returns. Participants with the right trading skills and crypto market experience can benefit from it, like this one, who made $9M with three consecutive wins. Not only did the investor earn big, but three trending meme coins were behind the millions of earnings, shocking the crypto community.

A popular on-chain analytic platform, Loononchain, describes the crypto investor as a whale who dared to make big bets and profits. The whale invested in three low-market-cap cryptos but became profitable as the cryptos’ worth grew with market demand. More importantly, the trader entered and exited the trade at the right time, improving the probability of profit-taking on cryptos.

This is a whale that dares to make big bets and profit!

Aped into $WIF at a $58M market cap and made $7.5M!

Aped into $PNUT at a $460M market cap and made $$1.2M!

He spent $1.52M to buy 6.71M $pippins 19 hours ago, with an unrealized profit of $570K.https://t.co/NNN4MlZMBV pic.twitter.com/D8CAOEx7O0

— Lookonchain (@lookonchain) January 11, 2025

However, not all trades end up in profits. The market carries its own challenges, with volatility, Bitcoin dominance, and the influence of macroeconomic events. Some bear heavy losses; as an earlier coinpress report mentioned, a trader lost $60K in just two hours. Regardless, this blog discusses the trading jackpot for a memecoin investor and investment strategies, so let’s get to that first.

Crypto Trading Jackpot: Trader Made $9M With WIF, PNUT and PIPPIN

The crypto whale invested millions in WIF, PNUT, and PIPPIN and made $9M in profits from these cryptocurrencies. The trader placed the first trade on Dogiwfhat (WIF) when its market capitalization neared $58M. Although the trader made multiple buying and selling rounds, eventually, it paid off, making $7.5M within six months. Interestingly, the whale bought the WIF at low prices and sold it at a high most of the time, revealing its trading skills.

WIF crypto trading

The profits journey did not stop there; it moved to another popular meme coin, PNUT, which made the crypto investor profit $1.2M within just a few days. Lastly, the investor has $570k in unrealized profits in the PIPPIN token, which is newly gaining traction in the market. Solscan data shows that the investor spent $1.52M and bought $6.72M in PIPPIN just a few hours ago.

Interestingly, another investor made $2.5M with the PIPPIN token, increasing its hype.

PNUT Crypto trading

What’s The Lesson Here?

The crypto investor’s investment turned profitable as it chose the trending and potential cryptos, WIF, PNUT, and PIPPIN. The constant demand for these assets led to growth and investment returns, where the aforementioned investor made $7.5M on WIF, $1.2M on PNUT, and $570k on PIPPIN. This teaches that the right crypto and time are mandatory to even think of profits. However, these three cryptos won’t always stay in trend or profit. The market’s volatility and fluctuation often impact the assets’s performance, requiring constant technical analysis and research. Although these assets made millions for this crypto trader, they may not be profitable for someone else, so trade wisely.

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$80M XRP Shorts At Liquidation Risk If Price Crosses This Level https://coinpress.live/trending/80m-xrp-shorts-at-liquidation-risk-if-price-crosses-this-level/ Sat, 11 Jan 2025 08:35:41 +0000 https://coinpress.live/?post_type=trending&p=233004 Ripple (XRP) has attracted many investors due to its 500% rally in the last quarter of 2024. Due to its parabolic rally, many traders are shorting the token, hoping to profit from its downfall. However, data shows that short positions worth nearly $80 million will face liquidation if the price overcomes a critical resistance level.

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Ripple (XRP) has attracted many investors due to its 500% rally in the last quarter of 2024. Due to its parabolic rally, many traders are shorting the token, hoping to profit from its downfall. However, data shows that short positions worth nearly $80 million will face liquidation if the price overcomes a critical resistance level.

Ripple (XRP) Shorts’ Liquidation Risk: $80M on the Line

Ripple (XRP) is at a crucial point, with the weekly and monthly charts presenting consolidation behavior. Presently, the token trades at $2.335 with $134B in market capitalization, showing massive user interest. CoinGlass data shows that with such interest comes heightened speculation, as nearly $80 million XRP short positions will face liquidation if the price overcomes the $2.40 resistance level. This means that short positions will be forcibly closed at a loss. Out of the $80 million, $8.08 million short sellers are from Bybit, $2.51 million, and $8.42 million are from OKX and Binance, respectively. The rest of the short positions belong to various popular cryptocurrency exchanges.

XRP Shorts Liquidation

High leverage is likely when volatility drops. Investors are often open positions with the expectation of massive gains on the breakout. As noted by MAXPAIN analyst, XRP is getting squeezed in a symmetrical triangle setup, awaiting a breakout rally.

A Crash or Rally: What’s Next for XRP?

If the price crosses above $2.40, it would liquidate nearly $80 million in XRP shorts. Typically, when short positions are closed either due to stop loss or margin call, the tokens are bought, creating buying pressure. If buyers time themselves, it could lead to a massive spike in bullish momentum that triggers a parabolic rally. But is that the case for XRP now? Unlikely.

The four-hour RSI shows a downtrend as it struggles around the 50 mean level. A move above this level could result in a rejection, giving bearish momentum a chance to take over. Such a development could indicate a drop in the price. This outlook seems more likely considering the lower highs XRP has produced since the start of December 2024.

If such an outlook unfolds, some key support levels to watch are $2.07, $2, and even $1.9, per crypto analysts’ predictions.

A previous coinpress XRP price prediction also hints at the price crash to $1.5 before forming a massive rally.

XRP Price Prediction

After a bullish trajectory, XRP comes at a critical point with the Ripple news. This predicts the liquidation of the $80M worth of short positions if Ripple overcomes the $2.40 resistance level. Eventually, this could fuel a rally, triggering a breakout to the upside. In such a case, $2.90, $3, and $3.5 are key resistance levels to watch.

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Expert Reveals Key Level to Buy Aave For ‘Tremendous’ Gains https://coinpress.live/trending/expert-reveals-key-level-to-buy-aave-for-tremendous-gains/ Fri, 10 Jan 2025 14:34:17 +0000 https://coinpress.live/?post_type=trending&p=232947 As the crypto market continues to struggle despite the bullish sentiment returns, crypto analysts highlight the key points for buying the popular altcoin, Aave. A few believe that this particular crypto token will offer tremendous gains. Let’s discuss experts’ analysis and their key levels. Experts believe Aave Price Chart is Ready for Massive Rally Aave,

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As the crypto market continues to struggle despite the bullish sentiment returns, crypto analysts highlight the key points for buying the popular altcoin, Aave. A few believe that this particular crypto token will offer tremendous gains. Let’s discuss experts’ analysis and their key levels.

Experts believe Aave Price Chart is Ready for Massive Rally

Aave, often regarded as one of the top altcoins to buy, is due for a full recovery, as the ATH sits 56% away from the current level. However, the crypto analyst Michaël van de Poppe’s prediction states that an opportunity is building after the consolidation, which will unlock tremendous gains. He states, “

“After this correction, old coins like AAVE have a tremendous opportunity.”

Michael’s prediction hints at the rising investor interest in the token, as trading volume surpassed the $600M mark, which wishes to buy utility-based tokens. Another analyst also pointed at the correction, claiming he would buy the altcoin once the resistance at $297 clears. Overall, the analysts see an opportunity for a massive rally forming for the new ATH.

Aave price performance

Key Levels To Watch

According to Michaël, the token is experiencing a massive consolidation after hitting a new ATH at $355. It is currently trading at $296 with $4.3B in market capitalization. Interestingly, a supporting window formed between $240 and $250, which previously showed resistance but has not turned into a support zone. If the price correction drops to this level, experts state it will be the perfect zone for accumulation (buying).

Crypto analyst's Aave price prediction

The weekly charts also show a strong support zone forming between $113 and $115. At this point, traders had previously stepped in to accumulate, and new buyers could do the same. However, investors should cautiously analyze the RSI near these support zones to stay prepared for random trend reversals.

Support Zone $240-$250
Historical Lows & Long-Term Support $113-$115
Resistance $297 (this level  needs to be cleared for significant upward move)

What’s In There For You?

Aave is a popular cryptocurrency in the market, carrying strong fundamental and community support. Two prominent crypto analysts have pointed out the tremendous gain and profit-earning opportunities as the altcoins faced massive corrections with Bitcoin price struggles. However, despite that, analyst Michaël claims the zone between $240-$250 is perfect for accumulation if consolation continues. Moreover, once the resistance zone clears at $297, the price could follow an uptrend, hitting a new ATH in the long term.

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Largest Bitcoin ETF Provider BlackRock Selling Spree Kickstarts, What’s Next? https://coinpress.live/trending/largest-bitcoin-etf-provider-blackrock-selling-spree-kickstarts-whats-next/ Fri, 10 Jan 2025 13:06:05 +0000 https://coinpress.live/?post_type=trending&p=232903 BlackRock, known as the biggest spot Bitcoin ETF provider, has sparked crypto market crash concerns with its ongoing selling spree. Arkham’s intelligence report points out that the ETF provider’s changing strategies impact the market sentiments. Let’s see why this asset manager has become the talk of discussion. BlackRock Selling Spring Begins, $12.4M Bitcoin Sold Arkham

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BlackRock, known as the biggest spot Bitcoin ETF provider, has sparked crypto market crash concerns with its ongoing selling spree. Arkham’s intelligence report points out that the ETF provider’s changing strategies impact the market sentiments. Let’s see why this asset manager has become the talk of discussion.

BlackRock Selling Spring Begins, $12.4M Bitcoin Sold

Arkham intelligence, a popular on-chain analytics platform, brought the entire crypto community’s attention to the world’s largest asset manager as it has begun selling Bitcoin. The analytics platform left an alarming post, stating that there is bad news: BlackRock began selling BTC instead of buying. This is visible in the net holding value of the asset manager, which has dropped nearly $3M since January 7, currently at $56.4B.

BlackRock selling Bitcoin (1)

Additionally, the Farside Investor’s report mentions the selling of 124 BTC, worth $12.4M, on January 8, putting the Bitcoin selling news in more perspective. This is not a new event, as IBIT ETF Trust made headlines for transferring $188.7M worth of Bitcoin to Coinbase on December 26. Analysts called it the largest sale of this digital asset manager.

BlackRock Bitcoin ETF

Although it was unsure if the firm would sell at that time, Arkham’s conclusion brought things into perspective. At the same time, it creates concerns about the market’s performance as this digital asset manager has a heavy influence on the BTC price performance.

Bitcoin Downtrend To Extend With BlackRock Sales?

The 124 BTC sale on January 8 coincides with the BTC price declining to a low of $91,380. Although the price has recovered on the charts, currently at $95k, the community’s perspective about BlackRosk’s sales could drop things once again. The IBIT ETF, which has $56.4B in net assets, is the reason behind this concern. Analysts believe IBIT’s sales impact could be two to three times worse than the Mr. Gox crash.

Along with Trump’s win sentiments, spot Bitcoin ETF inflows pushed the Bitcoin price to an ATH of $108.2k. However, the same ETFs could create heavy uncertainty in the market. Some analysts call this profit-taking as the cycle nears a peak, while others state that the firm is introducing bearish sentiments to buy BTC during the dip. Meanwhile, there are more factors to consider, including the possibility of the Global M2 Money supply expanding, which could trigger a string of Bitcoin price recoveries

Bitcoin price prediction

What’s Next?

The crypto market is at a very critical point, where the biggest Bitcoin ETF provider is adjusting its strategies, the Global M2 money supply is in the picture, Donald Trump’s inauguration is on January 20, and various other events could introduce volatility. Among all these, BlackRock’s Bitcoin selling spree is the most unexpected event, as the firm insists on crypto buying. There’s still uncertainty around these selling incidents and whether they will continue or not. However, there is certainty around Bitcoin’s long-term bullish performance. The New Quantile model believes Bitcoin price would hit a Million by 2034, indicating a promising future for the digital asset.

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LINK Holders Panic As Chainlink Price Crashes, Good Time to Buy? https://coinpress.live/trending/link-holders-panic-as-chainlink-price-crashes-good-time-to-buy/ Fri, 10 Jan 2025 09:48:41 +0000 https://coinpress.live/?post_type=trending&p=232865 Bitcoin’s struggling performance on the charts is concerning crypto market investors. Many cryptocurrencies are facing declining trends, losing their bullishness amid uncertainties. The Chainlink price is continuing the downtrend, with panic sentiments rising among LINK holders, but analysts continue to regard this as a buying opportunity. Let’s discuss. Should You Buy Chainlink as LINK Holders

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Bitcoin’s struggling performance on the charts is concerning crypto market investors. Many cryptocurrencies are facing declining trends, losing their bullishness amid uncertainties. The Chainlink price is continuing the downtrend, with panic sentiments rising among LINK holders, but analysts continue to regard this as a buying opportunity. Let’s discuss.

Should You Buy Chainlink as LINK Holders FUD

Chainlink has been part of the crypto industry for 6 years, but its prime days are long due. The Chainlink token hit an ATH of $52.88 four years ago, but the same target is 61% away from the current level of $20.36, influencing the LINK holders’ sentiments. Although the altcoin presented multiple rallies in between, with the latest being in December 2024, a long recovery has been due ever since then. As a result, savvy investors are moving from this asset, creating a 3.3k deduction in crypto wallets holding LINK tokens.

Such a drop is associated with the selling sentiments of the investors, which is concerning. However, santiment reports call it just the surface and present a contrary viewpoint on the situation. As per the Santiment X post, if the wallet count is rising, it describes the community’s comfortable behavior for the project.

LINK Holders sentiments

However, if the wallet content drops, this indicates some excess FUD. The price will reduce with the FUD, creating an opportunity to buy. Experienced investors also see this Chainlink news as an opportunity for long-term gains despite the Chainlink price crash.

Chainlink Price Long-term Price Targets

The LINK token is constantly riding the waves of new collaborations, whale buying, and increased adoption, eventually contributing to the bullish trajectory of this altcoin. Further analysis points to the price recovery, where an earlier coinpress report suggests that the LINK price could hit $30 with the Chainlink-Blackrock partnership rumors. 

Further analysts of Chainlink price prediction claim the altcoin will form higher peaks in the future. A LINK whale earlier booked $20M profits in similar perspectives. With increased adoption and collaborations, a long-term target of $43, $50, and even $100 is possible. This price target is backed by the famous crypto analyst WSB trader Rocko, who notes that Chinlink’s collaboration with Swift, Franklin Templeton, and others will favor the price rally while boosting LINK holders’ sentiments.

LINK Holders Panic As Chainlink Price Crashes, Good Time to Buy?

Bottom Line

Meanwhile, other cryptocurrencies, like Bitcoin, Ethereum, and Dogecoin, have witnessed increased wallet count, LINK holders are backing down with the Chainlink price crash on the weekly chart. Although the Chainlink news seems concerning to investors and indicates increased selling pressure, the santiment post maintains positivity, claiming this is the buying opportunity. Additionally, the bullish projection is still high in terms of the long-term outlook, especially with Bitcoin price recovery with global M2 money supply expansion. Due to increased adoption, analysts see the LINK price rising to $43, $50, and $100 in the long term.

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How a Crypto Trader Turned a 90% Loss Into a $2.5M Win? https://coinpress.live/trending/how-a-crypto-trader-turned-a-90-loss-into-a-2-5m-win/ Fri, 10 Jan 2025 07:26:58 +0000 https://coinpress.live/?post_type=trending&p=232846 The crypto trading industry’s popularity grew with the spread of exponential investment growth stories. One such story of a crypto trader trends in the market today, as the trader lost 90% of the holdings’ worth before succeeding with the recovery. With that, the crypto investor made $2.5M within two months, bringing an optimistic experience for

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The crypto trading industry’s popularity grew with the spread of exponential investment growth stories. One such story of a crypto trader trends in the market today, as the trader lost 90% of the holdings’ worth before succeeding with the recovery. With that, the crypto investor made $2.5M within two months, bringing an optimistic experience for the rest of the community.

Crypto Trader’s Bold Move Cost Him $1M Before $2.5M Profits

The crypto trading industry gained its name for decentralized transactions and heavy returns, but many trades do not follow the expectation. Lookonchain highlighted an incident supporting the statement, where an enthusiastic crypto trader places trade in hopes of heavy returns. However, the trader faced a  $1M loss, with the portfolio losing 90% of its value. Interestingly, the trader’s patience paid off after some time,  as the crypto token’s worth grew, bringing a $2.5M profit to the investor.

According to the Lookonchain X post, the crypto investor spent 5,441 SOL, equivalent to $1.15M, and bought 20.46M PIPPIN. This happened two months ago, but volatility took over, crashing the Pippin token by 90%, leaving the investors with only a $1M loss. However, as the Lookonchain regarded the trader ‘diamond hand,’ it stayed patient.

Crypto trader's PIPPIN buying

To this day, the trader did not sell any crypto, and over time, the loss turned into $2.5M in profits, with the Pippin token’s recovery on the chart. This portrayed the market’s volatility, where a loss can become a profit and vice versa, depending on the situation. In two months, the aforementioned crypto trader’s $1.15M turned into $3.68M with a PIPPIN price pump.

PIPPIN Price Surge 130% Amid Higher Investor Interest

Pippin is an AI agent that has recently drawn attention in the crypto trading market. Although the token was launched just a few months ago and suffered losses, its demand has increased multiplefold in the last few days due to the increased hype around AI cryptos. As a result, its trading volume grew more than 150%, settling at $116,980,268 today. The PIPPIN price rose 130% to $0.21 from $0.091, gaining a market capitalization of $210,196,191.

Pippin token price surge

Meanwhile, this surge equipped the trader to earn $2.5M in profits; this is not a rare event. Similarly, another crypto investor made three Million in just a few hours. However, along with the profiting incidents, there are losses as well, creating the need for smart investments.

What’s The Lesson Here?

Pippin token’s price performance reflects the volatile nature of the crypto industry, where investor sentiments play a significant role. The token crashed right after the crypto trader’s buy, putting the trader’s portfolio at a 90% loss. However, with time and increased demand for AI-themed cryptocurrencies, PIPPIN price grew, leading to a $2.5M profit for the crypto investor. Eventually, this journey from a $1M loss to a $2.5m profit hints at how the market often fluctuates and how the right crypto trading strategies and patience could defeat the volatility.

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Who Will Replace Rostin Behnam? Top 6 Potential Candidates for CFTC Chairman Position https://coinpress.live/trending/who-will-replace-rostin-behnam-top-6-potential-candidates-for-cftc-chairman-position/ Thu, 09 Jan 2025 14:32:44 +0000 https://coinpress.live/?post_type=trending&p=232784 Donald Trump’s inauguration on January 20 will mark the end of Biden’s administration. Experts call this the transition from an anti-crypto stance to a pro-crypto stance, which could change the entire trajectory of the crypto industry, as regulatory scrutiny was high in Biden’s administration. Even days before the inauguration event, things began getting in shape

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Donald Trump’s inauguration on January 20 will mark the end of Biden’s administration. Experts call this the transition from an anti-crypto stance to a pro-crypto stance, which could change the entire trajectory of the crypto industry, as regulatory scrutiny was high in Biden’s administration. Even days before the inauguration event, things began getting in shape with Gary Gensler’s resignation, the introduction of crypto-friendly associates, and much more. Now, the CFTC Chairman position is awaiting a crypto-friendly candidate, as the current chair, Rostin Behnam, has resigned.

Top 6 Candidates To Know About Which Might Replace Rostin Behnam

The current CFTC Chair, Rostin Behnam, is set to step down from this position this month. Although the CFTC oversees the commodity derivatives market, Donald Trump wishes for the CFTC to overlook the crypto market and introduce crypto-friendly policies.

Leaving that for the future, let’s examine the top six candidates who might replace Rostin Behnam.

1. Summer Mersinger

Summer Mersinger is one of the candidates interviewed for the CFTC Chairman position. She is a CFTC commissioner who is also somewhat interested in the crypto industry. She often presents her views on various events and issues, making her a potential candidate.

2. Brian Quintenz

Brian Quintenz is a renowned figure in the crypto industry. He is the head of crypto policy at Andreessen Horowitz (a16z). Supporters consider him the perfect candidate for the CFTC chair role, as his vast experience and good relationships with both crypto and government agencies can help with crypto regulations. He even received Trump’s nomination for the CFTC in 2017.

3. Marco Santori

Marco Santori is the Chief Legal Officer (CLO) at one of the top cryptocurrency exchanges, Kraken. Along with his supportive stance for the crypto industry, he is seen as a sensible person who addresses the importance of crypto regulations, which will protect crypto consumers as well.

4. Caroline Farm

Caroline Farm has 24 years of experience in the Finance and law department. Out of this, she has been dealing with cryptocurrency and digital assets for the last 10 years. She is currently positioned at the CFTC Chairman position for nearly three years.

5. Neal Kumar

Neal Kumar is appointed as the Co-Head of the Commodities & Derivatives Practice at Willkie. His role helps him interact with and represent financial institutions, crypto exchanges, and much involving digital assets.  He received the nomination to replace Rostin Behnam due to his interactions with government regulators.

6. Josh Sterling

Josh Sterling previously worked as a senior federal financial regulator. He carries 20 years of experience in the derivatives and securities markets. His role involves interacting with regulatory bodies like CFTC and SEC. He even served as the CFTC’s Market Participants Division director, making him an ideal candidate in the investor’s eyes for the CFTC chairman position.

How New CFTC Chair Will Impact the Crypto Market?

Rostin Behnam himself has emphasized the importance of crypto regulations and their need in the USA. In a Brookings Institution event, he mentioned that the absence of these comprehensive regulations has created issues and that Congress needs to address them.  Many industry experts believe giving the CFTC chairman position to a crypto-friendly candidate would make the most significant difference for the industry. Although Donald Trump has hired David O. Sacks as Crypto Czar, his role is limited to the advisory position. Still, after years of ignorance, the industry requires supporting regulators to drive the development and regulation process.

Donald Trump’s meeting with Ripple CEO and the alleged Bank of America using XRP for internal transactions hints at the emergence of cryptocurrency from more than just a trend. The next CFTC and SEC chair and their perspective could severely impact the crypto industry.

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Ethereum Whale Faces $5M Liquidation For Third Time, What’s Next? https://coinpress.live/trending/ethereum-whale-faces-5m-liquidation-for-third-time-whats-next/ Thu, 09 Jan 2025 11:55:36 +0000 https://coinpress.live/?post_type=trending&p=232755 Crypto whales get their name for large crypto holdings and the potential to influence a particular cryptocurrency’s performance. One Ethereum whale is at risk of collapse as it faces $5M liquidation for the third time.  To some extent, this is standard in the crypto industry, but let’s discuss what went wrong and its further risks.

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Crypto whales get their name for large crypto holdings and the potential to influence a particular cryptocurrency’s performance. One Ethereum whale is at risk of collapse as it faces $5M liquidation for the third time.  To some extent, this is standard in the crypto industry, but let’s discuss what went wrong and its further risks.

Ethereum Whale Loses $18.5M In Liquidations

A crypto whale lost $18.5M after facing constant liquidations, per a Lookonchain X post. The onchain analytics platform states that the whale suffered a massive loss today, as 1,495 ETH, equivalent to $4.97M, was liquidated. This incident makes it the crypto trader’s third liquidation incident in a month.

Before this ETH news, the whale’s  44.86 WBTC, equivalent to $4.37 million, was liquidated on December 10, 202,4. Another 95.46 WBTC ($9.25 million) faced liquidation on December 6, 2024.

Ethereum Whale's $5M liquided

Crypto whales bet on the performance of cryptocurrencies, whether they will move higher or lower. However, not all bets exceed expectations, and many suffer losses. One whale lost $20M in liquidation on Sui’s position when the price declined below the threshold. This incident raises questions about this ETH whale’s risk leverage strategies and whether it faces any other liquidation risks.

Future Liquidation Concerns & Risks

The Lookonchain ETH news noted that the Ethereum whale holds another position on the Aave protocol. As whales hold 541.68 WBTC, equivalent to $51.1 million, they are also at risk of liquidation. Surprisingly, Bitcoin is the driving force here.

If the BTC price drops to $90,810, just 2.5% below its current price of $93.2K, $51.1M will be liquidated. This can negatively affect the ETH whale, especially as Bitcoin is on a downtrend today, losing 3% in the last 24 hours due to the crypto market crash.

Eth whale liquidated

What’s Next?

An Ethereum whale lost a massive amount of funds, with millions worth of cryptos getting liquidated. Lookonchain’s calculation brings the total loss to $18.5M. This happened in three liquidation events in just one month, showing crypto traders’ constant wrong judgments. Another $51.1M worth of WBTC is still at risk of getting liquidated, which will happen if the Bitcoin price drops 2.4% from the current level to $90,810. In contrast, the rise in Bitcoin price could limit the risk to the crypto trader.

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Zoo Airdrop Listing Date: What Will Be ZOO Token Price At Launch? https://coinpress.live/trending/zoo-airdrop-listing-date-what-will-be-zoo-token-price-at-launch/ Thu, 09 Jan 2025 10:00:27 +0000 https://coinpress.live/?post_type=trending&p=232726 Crypto airdrop’s demand is consistent to this day, as traders await the free tokens from new coin launches. After the popularity of many Telegram-based mini-games airdrops, the eyes are now on the Zoo game and the launch of its native token. More importantly, the Zoo airdrop listing and the ZOO token’s price at launch. So,

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Crypto airdrop’s demand is consistent to this day, as traders await the free tokens from new coin launches. After the popularity of many Telegram-based mini-games airdrops, the eyes are now on the Zoo game and the launch of its native token. More importantly, the Zoo airdrop listing and the ZOO token’s price at launch. So, let’s see the answers to these questions.

Zoo Airdrop Listing Date, Key Details & More

Zoo token airdrop is a much-awaited event for the Telegram community, as the game has earned significant hype in the market. Although it is quite different from telegram-tap-to-earn games, it is also gaining popularity, where people build the zoo. However, the listing date has not been revealed yet, leaving the players excited about the possible revelation soon. The mining phase is also in progress, allowing the participant to earn ZOO tokens before the token generation event and the most-awaited crypto airdrops. 

The Zoo’s mining phase, which has been live since December, is active until January 31, 2025. Thus, participants had two months to earn the tokens. Interestingly, every in-game token earned is equivalent to the on-chain token, so the number of tokens gathered in this mining phase is the number of tokens players will receive in the airdrop.

Zoo airdrop

The Zoo airdrop listing announcement is pending, but one Binance report sees the launch around February. However, the game player must wait for the official announcement and be further updated on when users will receive their worth.

What Will Be the ZOO Token Price At Launch?

With limited information on the Zoo airdrop and token launch, concluding the ZOO token price at this early stage is difficult. Analysts anticipate that the price will be similar to most Telegram mini-games token prices.

It is important to note that the token’s price could vary from expectations, as it depends on the token supply, crypto airdrop acquisitions, and much more. Game players should wait for further updates.

Here’s What You Need To Remember

The Zoo is gaining traction among Telegram users, as the game assigns the simple task of building the Zoo in return for in-game tokens. With the upcoming Zoo airdrop, the players will receive the same in-game token for the on-chain token in 1:1 criteria. For now, the team has kept the token generation event and the crypto airdrop listing date a secret, but further clarity can come after January with the ending of the game’s mining phase. The same is true with the ZOO token price and additional details. Interestingly, another anticipated token launch is due this year, and the PAWS airdrop will go live soon.

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New Bitcoin Model Predicts When Price Will Hit $1 Million https://coinpress.live/trending/new-bitcoin-model-predicts-when-price-will-hit-1-million/ Thu, 09 Jan 2025 07:55:53 +0000 https://coinpress.live/?post_type=trending&p=232672 Bitcoin’s 2024 milestone elevated expectations from 2025. Now, bolder and more extravagant price predictions are shared in the market. Some boost crypto enthusiasts’ sentiments, and others spread the fear of a crash. The prediction of the New Quantile model also provides a unique perspective on the Bitcoin price rally and when it will hit $1M.

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Bitcoin’s 2024 milestone elevated expectations from 2025. Now, bolder and more extravagant price predictions are shared in the market. Some boost crypto enthusiasts’ sentiments, and others spread the fear of a crash. The prediction of the New Quantile model also provides a unique perspective on the Bitcoin price rally and when it will hit $1M. Let’s discuss the findings.

Bitcoin Price Would Not $1M in 2025

Multiple Bitcoin price predictions for 2025 suggest that this digital asset will reach $1M. However, the new Quantile Bitcoin model discards such predictions. Its statistical outlook claims the possibility of $1M is extremely low for this year. The findings acknowledge the BTC price performance and its exponential growth but also question the feasibility of this six-figure target.

Quantile regression analysis considers Bitcoin’s adherence to power law trends (a more than ten-decade analysis). It suggests the path to a million targets requires a dramatic bubble excursion. More importantly, at least a 4σ standard deviation is needed for the BTC price to hit $1M in 2025, where historical trends reveal that it only fluctuates between -1σ and +2σ.

“To reach $1 million in 2025 would require a bubble excursion of 1.0 in the log, a multiplicative factor of 10 from the present price, and in log terms that is 1/0.24, which is greater than four standard deviations (> 4 σ). Throughout Bitcoin’s price history, we have not seen this even once, nor have we seen 3 σ,  and prices have stayed overwhelmingly in the range of -1 σ on the downside and +2 σ maximum on the upside.”

Bitcoin price history

The Quantile finding also challenges Cathy Woods’s views on Bitcoin. She claims the price can range from $650,000 to $1.5 million, depending on the base and bull cases. The quantile model’s statistical findings present different timelines.

Bitcoin Price Prediction: Timeline For $300K, $1M, $3M and $10M

moneyordebt X post says that Bitcoin is getting more predictable with declining price volatility. In this, the quasi-periodic bubbles play an important role. It indicates the cycle peak followed by correction due to long-term power law trends. Interestingly, this happens every four years, and the cycle has been set as 2013, 2017, 2021, 2025, and 2029 are next. In these years, BTC can create major price milestones.

Quantile’s Bitcoin price prediction revealed the timeline for this asset’s marking the major milestone. According to this, there is a 50% chance BTC price might hit $300k in 2029, with two years of uncertainty range, a 50% chance of $1M happening in 2034 with two years of uncertainty age, $3M in 2039, and $10M after 2046.

Bitcoin price prediction

Returning to Cathy Woods’s findings, the Quantile statistics claim that there is only a 20% chance that the price of Bitcoin will hit $650k by 2030 and an even lesser (just 5%) chance of $1M hitting in 2030. However, there is a 50% chance of this happening by 2034.

What You Need To Know?

The Quantile model’s findings on Bitcoin price prediction are pretty amusing, as they consider the quantile regressions, bubble excursions, and historical trends. According to that, the BTC will hit $300k in 2030 (plus or minus 2 years). More importantly, the most anticipated $1M target will be achieved in 2034 or plus/minus two years, challenging many current BTC price predictions, which claim that this could happen in 2025. The pi cycle indicator hints that the BTC will hit prime in Sept. 2025. Based on that and other analyses, many analysts claim that a six-figure target can be achieved this year, but the Quantile model contradicts this. However, it also acknowledges the possibility of $300k if the bubble excursion got above 0.97 in quantile terms without popping before year-end.

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XRP News: Bank of America Adopts Ripple Token For 100% Internal Transactions https://coinpress.live/trending/xrp-news-bank-of-america-adopts-ripple-token-for-100-internal-transactions/ Wed, 08 Jan 2025 15:36:44 +0000 https://coinpress.live/?post_type=trending&p=232603 Ripple continues to make waves in the crypto market, with constant milestones around its adoption and price performance. The latest XRP news reveals that Bank of America uses the Ripple token for 100% of internal transactions. Let’s discuss how true these claims are and how they will impact the XRP price. David Stryzewski Claims Bank

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Ripple continues to make waves in the crypto market, with constant milestones around its adoption and price performance. The latest XRP news reveals that Bank of America uses the Ripple token for 100% of internal transactions. Let’s discuss how true these claims are and how they will impact the XRP price.

David Stryzewski Claims Bank of America Uses XRP

In a recent FOX Business interview, the Sound Planning Group CEO, David Stryzewski, revealed that Bank of America has integrated XRP for 100% of their internal transaction. His XRP news disclosed that the bank had also filed 83 patents around Ripple, putting its native token ahead to become the fundamental component of finances in the future.

Notably, there is no conclusive evidence behind these claims. However, there is some documented evidence that hints at the collaboration between the banking institution and the blockchain payment network. Stryzewski also presented his bullish views on the Ripple token. He concludes that XRP is progressive despite the regulatory constraints, and the RLUSD stablecoin success would strengthen its position in the payment sector.

“XRP is going to be the track that everything runs on in the future”

JUST IN: 🇺🇸 Fox Business Discussing Ripple & $XRP Connection To Bank of America!💥📈

“Ripple is going to be the track that everything is running on in the future”

“Bank of America, like I said, was doing 100% of their internal transactions. They have 83 different patents on it… pic.twitter.com/U9zoEfnCQB

— Good Morning Crypto (@AbsGMCrypto) January 7, 2025

This XRP news has triggered bullish sentiments among token holders. Many see Bank of America’s adoption as expanding the adoption scope throughout the USA.

Ripple Tokens Eyes Global Adoption in Payments

Ripple launched its RLUSD stablecoin to gain global adoption and acceptance. Interestingly, the blockchain payment network also contributed to the 2024 elections, donating millions to Trump’s inauguration. Ripple CEO Brad Garlingouse revealed that these donations are for the development of the crypto industry and to witness crypto regulations.

That involvement brought the Ripple CEO to meet Donald Trump. This is another remarkable moment, presenting a bullish outlook for the Ripple token. Analysts see this meetup and Bank of America’s XRP news as influential factors helping the digital payment network in regulatory issues and global adoption, eventually bringing a long-term XRP price uptrend.

Will XRP Price Hit $4 With This XRP News?

Despite today’s downtrend, the long-term price trajectory hints at XRP’s bullish performance in the near future. Considering its last two months’ bullish performance and recent surge to a seven-year high, analysts predict a major price rally for the Ripple token at the end of January. Currently, the XRP price is $2.32 per CoinmarketCap data, but experts see a long-term target of $3.50-$4 in early February. Regularity clarity, RLUSD adoption, and other significant factors will play a role in this milestone.

XRP price analysis

What’s In There For You?

David Stryzewski’s unproven claims reveal the XRP is poised for global adoption, not only in the US. Many financial institutions are eyeing this blockchain technology for possible integration, which could push the Ripple token to become a global payment infrastructure. The launch of the RLUSD will also play a significant role in that. For now, the technical indicators and market conditions hint at a momentary downtrend, but in the end, the XRP price could hit $4 by February 2025.

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Whale’s $20M SUI Position Near Liquidation as Price Tumbles https://coinpress.live/trending/whales-20m-sui-position-near-liquidation-as-price-tumbles/ Wed, 08 Jan 2025 13:27:30 +0000 https://coinpress.live/?post_type=trending&p=232573 Amid the SUI price crash, a single whale might face a liquidation of $20M, creating a high-stakes situation. The whale has bet on this altcoin’s price trajectory, but the unexpected downtrend brought the crypto whale’s investment to collapse. Let’s discuss the Sui token’s price situation and how it can lead to millions in liquidation. SUI

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Amid the SUI price crash, a single whale might face a liquidation of $20M, creating a high-stakes situation. The whale has bet on this altcoin’s price trajectory, but the unexpected downtrend brought the crypto whale’s investment to collapse. Let’s discuss the Sui token’s price situation and how it can lead to millions in liquidation.

SUI Price Downtrend Risks $20M Liquidation For Crypto Whale

Sui token’s crash to $4.56 will liquidate $20M for this individual crypto whale, which has 4.1 million SUI, equivalent to $19.2M, and 100,000sSUI, equivalent to $470,000. The Lookonchain data reveal that the whale has deposited nearly $20M worth of assets on the decentralized lending protocol Suilend. In exchange, the whale borrowed  $14.4 million in stablecoins. With this, the crypto whale shows support for the token by betting on its further growth.

Whale sui liquidation

 

However, the current market crash dropped the SUI price by 10% today, threatening the liquidation of a position worth millions for this crypto whale. This becomes an unstoppable event, as the whale needs to return the borrowed stablecoins. Not only liquidation, the Sui’s decline to $4.56 could result in the buildup of a further price crash for the altcoin. Now, it all depends on Sui’s performance in the next few hours.

SUI Price Prediction: Will It Recover or Crash Further?

Sui reached a peak of $5.35 just two days ago amid high open interest and investor’s bullish sentiments. However, the rally was short-lived, and it crashed 15% from the prime, currently trading at $4.59. This drop threatens an individual whale’s million in liquidation. Meanwhile, on the broader picture, the altcoin still shows slight bullish dominance, as the crypto analyst Satoshi’s prediction shows a rising channel. However, the current SUI is closer to the trendline’s upper boundary. The price could decline even further if it faced resistance at this upper boundary.

Regardless, the analyst believes in the ascending trajectory of the Sui token’s price performance. According to him, this ascending channel flawlessly w/ price now pressing against diagonal resistance. A breakout past the $5.50 could lead to further gains.

Sui price prediction

Bottom Line

After hitting an ATH two days ago, the Sui tokens could face a massive downtrend with the $20M liquidation. As the SUI price struggles to breakout in the 24-hour timeframe, the liquidation will happen with the token attaining the $4.56 mark. However, the impact would not be limited to this altcoin only. The broader crypto market might face selling pressure. However, considering the ascending trajectory, some analysts still expect a bullish outlook.

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Accurate Indicator Hints Bitcoin’s Top Is Near https://coinpress.live/trending/accurate-indicator-hints-bitcoins-top-is-near/ Wed, 08 Jan 2025 10:02:07 +0000 https://coinpress.live/?post_type=trending&p=232497 Bitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top. Pi Cycle Indicators

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Bitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top.

Pi Cycle Indicators Predict the Bitcoin Price Top

The Pi Cycle indicator is an accurate indicator that successfully forecasts the Bitcoin price at the top. It has accurately predicted the top in 2013, 2017, and 2021; the next might be 2025. Pi cycle analysis depends on the 111-day moving average (111DMA) and 350-day moving average multiples by 2, where the intersection of these two moving averages predicts the cycle tops.

Now, after the ongoing BTC price struggle amid the crypto market crash, this tool hints at the top, keeping the investor’s confidence strong amid the crash. The crypto market signals that the BTC top will likely happen in the mid-to-end period of 2025. Although the timeline could vary, the historical result confirms the top formation within days of peak prediction.

Cryptocurrency Peak Prediction: BTC Top To Form on September 17, 2025

The latest Pi cycle top prediction reveals that the next crossover will occur on September 17, 2025, resulting in the BTC market peak. This BTC prediction for 2025 is based on its exponential growth ever since its formation, where the Pi chart indicator has forecasted the peak with 111 DMA and 350 DMAx2 coinciding on the charts on this date.

With high accuracy and historical proof, the next BTC top will form on September 17, but the exact value of the top is unclear for now. Some suggest it could cross six figures based on historical growth patterns, global adoption, and Donald Trump’s presidency.

Bitcoin price prediction

What You Should Do?

The pi cycle indicator is a famous BTC top indicator that has accurately predicted the peak multiple times. Now, recent reports show that the BTC top will form on September 17, 2025, potentially pushing this digital asset’s price to six figures for the first time in history. Although the BTC price formed massive peaks with Donald Trump’s win, the consolidation frequency increased as Trump’s inauguration approaches.

The market crash has halted the Bitcoin price surge, currently trading at $95k. Arthur Hayes’s prediction hints at a market peak in March, but investors should stay cautious and conduct their own technical analysis before investing.

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How Two Crypto Tokens Made This Investor A Multi-Millionaire? https://coinpress.live/trending/how-two-crypto-tokens-made-this-investor-a-multi-millionaire/ Wed, 08 Jan 2025 08:31:05 +0000 https://coinpress.live/?post_type=trending&p=232454 At present, the most hyped collaboration is between Artificial intelligence and cryptocurrency, as traders flock to AI cryptos for profits. Two specific cryptos made one trader a multi-millionaire after they gave multiple-fold returns, bringing the total profit to $37M and counting. Let’s look at this crypto investor’s portfolio and what crypto tokens made him a

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At present, the most hyped collaboration is between Artificial intelligence and cryptocurrency, as traders flock to AI cryptos for profits. Two specific cryptos made one trader a multi-millionaire after they gave multiple-fold returns, bringing the total profit to $37M and counting. Let’s look at this crypto investor’s portfolio and what crypto tokens made him a multi-millionaire.

ai16z and Fartcoin Crypto Tokens Made $37M For Crypto Investor

The crypto investor made massive gains on the two most popular AI cryptos, ai16z and Fartcoin, where the former made 6,400x returns, whereas the latter made 1,490x returns. The investor has made $37M with two crypto tokens, showcasing impressive trading skills and strategies.

Lookonchain data reveals that the crypto trader spent 18 SOL, equivalent to $3,000, on buying 9.16 million ai16z tokens. The trader still holds most of these holdings, selling only 1.32 million tokens for $1.71 million and keeping $17.26 million in unrealized profits. Thus, this ai16z investment profits total $19 million.

On the other hand, the trader spent $12.2k and bought $17.31M in Fartcoin, which was also profitable. The trader sold 6.71M tokens, grabbing $5.4M, and still holds $12.83M worth of tokens in unrealized profits, bringing total Fartcoin profit to $18M.

Fartcoin profits

The crypto investor demonstrates unmatched crypto trading skills, earning $37M from two AI cryptos. However, this investor’s crypto portfolio contains many tokens and millions in unrealized profits.

Trader’s ROI Turns 89% With These Crypto Tokens

The crypto trader made $37.21M in ai16z and Fartcoin, but there were many more investments in other tokens. It includes many low-cap tokens and constant buying of new tokens. Despite the risk, the trader’s ROI for the last month is 89% and $0.5M in unrealized profits, boosting impressive crypto trading skills.

crypto investor's profit

In the last few days, the crypto trader has added eef, DEAL, OPAIUM, and many others, presenting a stellar track record in investing. The biggest stake in these newly bought tokens is in the OPAIUM tokens, for which the trader spent 400 SOL, equivalent to $86k.

What’s The Lesson Here?

This crypto investor stands out after making $37M in profits within a few months. In this profit milestone, ai16z and Fartcoin are the biggest contributors. Trader identified these low-value AI cryptos when they had not gained traction. Additional trading approaches include a diversified portfolio, large investments, and long-term holdings. As a result, these low-cap crypto tokens made this crypto trader a multi-millionaire. However, not all turns this successful, as one trader lost $60k in just two hours after succumbing to FOMO. More importantly, many such tokens are risky, especially the newly launched ones, which often face rug pull and other hidden scams. Investors should stay careful and aware of market trends and run proper research and technical analysis before investing in any crypto to ensure safety and profits.

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Bitcoin Vs. Netflix: Why Tim Draper Sees BTC as the ‘Next Netflix’? https://coinpress.live/trending/bitcoin-vs-netflix-why-tim-draper-sees-btc-as-the-next-netflix/ Tue, 07 Jan 2025 14:43:20 +0000 https://coinpress.live/?post_type=trending&p=232409 Bitcoin’s exponential growth in 2024 brought all the attention to this digital asset. Interestingly, BTC’s achievement led Tim Draper to compare it to the popular streaming site Netflix, a pioneer in the multi-media industry. He presented a metaphorical connection between the two, depicting why Bitcoin is the next Netflix. Let’s explore Draper’s reasoning behind the

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Bitcoin’s exponential growth in 2024 brought all the attention to this digital asset. Interestingly, BTC’s achievement led Tim Draper to compare it to the popular streaming site Netflix, a pioneer in the multi-media industry. He presented a metaphorical connection between the two, depicting why Bitcoin is the next Netflix. Let’s explore Draper’s reasoning behind the comparison between the two and what it means for the potential of the crypto industry.

The Netflix Disruption

Netflix has become the mainstream media platform, beating its competitors by a large margin and attaining a $380 billion valuation. Interestingly, the same company was on the brink of bankruptcy in 2010 and was just a CD rental business before. However, it rose and developed from a movie retail business to an online blockbuster media and entertainment platform. Some even call it a real-life example of technological disruption or Netflix disruption, as it changed how people consume media.

Somewhere, there is a big similarity between the rental industry and the TradeFi industry, which is also getting left behind with digital assets, especially Bitcoin, the new mode of payments based on decentralization. The way Netflix left behind its competitors, which failed to rise with new technology and trends, BTC is likely to do the same with third-party controlled, slow, and expensive traditional transactions.

Its growth, where one Bitcoin is priced at $101.5k per coin with a market cap of nearly $2 T, reveals its high adoption rate. This is especially true as the soon-to-be 47th US president, Donald Trump, promised to make the US the crypto capital involving BTC. Based on this, the famous venture capitalist Tim Draper presented a Bitcoin vs. Netflix analysis, drawing a parallelism between Netflix and Bitcoin’s growth.

Tim Draper Bitcoin Prediction on Why BTC  Could Be the ‘Next Netflix’

Tim Draper presents a very interesting key point, hinting at Bitcoin’s dominance among traditional financial systems like Netflix in the media. With the growing adoption of this digital asset and tech giants like Elon Musk, Michael Saylor, Robert Kiyosaki, and many others seeing Bitcoin as the future, much more dominance could be seen.

“Next Netflix vs. blockbuster moments to come is the Bitcoin vs Banks,” outlines Draper, boldly asserting that Bitcoin’s trajectory mirrors Netflix’s disruption.

Although Tim Draper’s Bitcoin Vs. Netflix post did not clearly explain, but his few words were enough to conclude the parallelism between these two. Both, Netflix and Bitcoin are disruptive technologies, grabbing global adoption and mainstream acceptance. More importantly, BTC has already set its foot strong in the financial market, but there is much more to come. Analysts’ Bitcoin price prediction sees it achieving $225k in 2025 alone and much more in the upcoming years.

Bitcoin Vs Netflix analogy

Michael Saylor and many other industry leaders believe that Bitcoin is the US debt’s solution and that this digital asset would disrupt traditional banking institutions. This belief could become more prominent with Donald Trump’s presidency.

Eventually, all this would make Bitcoin the pioneer of the financial industry. More importantly, as Tim Draper sees, BTC is the next Netflix for the TradeFi and banking sectors. However, this is not new Bitcoin news. Draper’s months-old Bitcoin price prediction that this asset per token will hit $3M evaluations describes his ideology, as he believes BTC is the currency of the future.

Conclusion

Tim Draper provided more than just a catchy analogy by calling Bitcoin the next Netflix of the financial sector. Netflix shaped the future of the media and entertainment industry, and BTC would shape the future of the financial industry with its exponential growth, global adoption, and overcoming the TradeFI, which is slow, complicated, and controlled by institutions and government. Draper’s analysis of Bitcoin Vs. Netflix depicts the future of financial freedom and a tech-driven financial system, where one token could grab a price of $3M, far away from any asset’s value.

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Crypto Trader Lost $60k in Just Two Hours Due to FOMO https://coinpress.live/trending/crypto-trader-lost-60k-in-just-two-hours-due-to-fomo/ Tue, 07 Jan 2025 10:28:55 +0000 https://coinpress.live/?post_type=trending&p=232359 A crypto trader followed the trend and invested in a trending cryptocurrency in the hope of heavy returns. However, his outcome was far different from his expectations, as he lost $60k in just two hours. Crypto Trader Lost $60K in MPLX FOMO On January 7, the onchain analytics platform Lookonchain revealed the foolish mistake of

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A crypto trader followed the trend and invested in a trending cryptocurrency in the hope of heavy returns. However, his outcome was far different from his expectations, as he lost $60k in just two hours.

Crypto Trader Lost $60K in MPLX FOMO

On January 7, the onchain analytics platform Lookonchain revealed the foolish mistake of a crypto trader who lost $60k after following FOMO. Lookonchain’s X post reveals that the investor invested twice in a newly launched crypto called Miniperplx AI (MPLX). However, his judgment was wrong both times, giving him a life-long crypto trading experience.

He surrendered to FOMO, buying $31.8k worth of tokens when the MPLX price peaked above $0.02499. But the price swiftly plummeted. Instead of holding on, he sold the tokens at only $12.8k, with a massive loss. And then, the crypto investor repeated the same mistake, buying $30.5k worth of tokens when the price rose to $0.001, only to see the price crash again. This series of missteps led to a $60k loss within 2 hours.

MPLX Crypto trading

Although the MPLX’s price is still on the downside, the community comments that he could have kept tokens until the price recovers.

MPLX Downtrend Continues But Maintains 900% Rally

The Miniperplx AI price is on the downside after its previous rallies, which is why this crypto investor lost thousands. The Dexscreener notes that it trades at $0.001407 and has a market cap of $1.4M. Although the charts present a consolidation at the time of reporting, the MPLX price is up by more than 900%. More importantly, the trading volume has reached $75.1M, signifying high demand.

The new launch often brings heavy volatility, leading to constant price fluctuations. The same is associated with the MPLX launch and the trader’s loss. Meanwhile, someone else succeeded with the crypto trading strategies. One trader earned three million in just 10 hours.

What’s The Lesson Here?

Fear of missing out (FOMO) is the most objected trend in the crypto trading market, as FOMO-driven crypto often bears heavier volatility. However, this is not limited to liquidity alone, as late bloomers or late investors of hyped cryptocurrencies often face high losses. The prime example is this crypto trader who lost $60k in just two hours after he invested in a trending AI crypto, MPLX. More importantly, his biggest mistake was buying at high and selling at low, increasing the intensity of loss. Investors are advised to invest cautiously, especially in the volatile and newly launched cryptos.

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XRP Price Prediction: Expert Reveals How Ripple Can Hit $500B Market Cap https://coinpress.live/trending/xrp-price-prediction-expert-reveals-how-ripple-can-hit-500b-market-cap/ Tue, 07 Jan 2025 07:10:13 +0000 https://coinpress.live/?post_type=trending&p=232301 After a splendid performance over the last few weeks and the Ripple token hitting a 7-year high, holders await further rallies. However, the current consolidation seems concerning to some, but analysts see further bullishness. More importantly, they claim that the XRP price must move higher to maintain its bullishness and achieve the target of $8.7

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After a splendid performance over the last few weeks and the Ripple token hitting a 7-year high, holders await further rallies. However, the current consolidation seems concerning to some, but analysts see further bullishness. More importantly, they claim that the XRP price must move higher to maintain its bullishness and achieve the target of $8.7 with a market cap of $500B. Let’s discuss how this can happen.

Bullish Signals Hint XRP Price Likely to Rally Soon

The XRP price has surged nearly 370% in the last two months, thanks to Trump’s win and its influence on the crypto market. XRP is currently trading at $2.42 and has a market capitalization of $139B. Interestingly, XRP is the third-biggest cryptocurrency in the market after its recent bullish performance and Europe’s implementation of the Tether ban. This has happened despite the Ripple token’s consolidation and current setbacks, but analysts believe more will likely come.

Ali, a crypto analyst, has revealed the formation of the supertrend indicator on the 12-hour chart, flashing a buy signal again for the first time since early November. The last time this happened, the XRP price shot up 470%, creating the possibility of the same happening again, but will it happen is the question of time.

Ripple price trends

Ripple (XRP) Open Interest Skyrockets Again

Despite Ali’s positive XRP price prediction, the technical indicators reveal the presence of both bulls and bears for the Ripple token. However, there is much more to consider, especially the the futures data. According to that the Open Interest is rising. This signifies that the investor’s interest has returned to the Ripple token, creating the possibility of a breakout. Some analysts have presented this as the opportunity for the formation of a further bullish uptrend, eventually resulting in the XRP price rally.

XRP open interests

The increased open interest can positively impact XRP’s performance, but timing is the biggest constraint. The continuity of the consolidation could affect the market’s sentiments and the possibility of a breakout.

Trader Suggests XRP Bull Flag Breakout Needs To Happen Soon

Amid all the eyes on the XRP, crypto analyst Peter Brandt has presented a very optimistic XRP price prediction. However, that XRP bull flag breakout must happen soon, or it could result in the Ripple token’s price crash. According to Brandt’s XRP prediction, there is a formation of the Half mast flag, indicating a potential breakout. However, this formation should be completed within six weeks to present a bullish outcome, or else it can result in a crash.

A bull flag pattern is a widely accepted technical indicator of a bullish rally. It indicates the formation of the flagpole on the price chart, which means a sharp price increase followed by a momentary consolidation phase, displaying the flag, which is also visible in Brandt’s graph.

Brandt’s graph presents a shaded arc representing many potential outcomes. If things went according to expectations, the XRP market capitalization could hit $500B on the higher end, which means the Ripple price would become $8.7. However, the arc also represents the market cap being $28B on the lower end, which would happen if the token crashed.

XRP Price Prediction

What You Should Focus On?

XRP has already presented an impressive performance, with Trump winning the US elections. However, this might be just a start, as analysts see the continuity of the XRP price rally. One such analyst has forecasted a 470% surge for the Ripple token. Meanwhile, another analyst, Peter Brandt, predicted the Ripple price trajectory to be $8.7 with $500B in the market cap, but only if the trends played right. As the crypto market faces very intriguing challenges, Brandt also fears the drop to $0.4 with the failure to hold the bull pattern. A careful trade placement and long-term analysis are important at this crucial time, especially as the Bitcoin price can surpass $100k, as the US dollar is weakening.

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Can Coinbase (COIN) Stock Price Hit $400 Ahead of Earnings? https://coinpress.live/trending/can-coinbase-coin-stock-price-hit-400-ahead-of-earnings/ Sun, 05 Jan 2025 04:31:52 +0000 https://coinpress.live/?post_type=trending&p=232116 The popular cryptocurrency platform Coinbase Global Inc. (COIN) will soon release its much-anticipated Q4 report. However, even before that, speculation has begun about the possible impact of this earnings report on the Coinbase stock price, as the company’s performance could significantly affect the prices. Coinbase expert CBduck has also presented some interesting insights, claiming that

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The popular cryptocurrency platform Coinbase Global Inc. (COIN) will soon release its much-anticipated Q4 report. However, even before that, speculation has begun about the possible impact of this earnings report on the Coinbase stock price, as the company’s performance could significantly affect the prices. Coinbase expert CBduck has also presented some interesting insights, claiming that the COIN price could hit $400.

Coinbase is one of the biggest crypto exchanges, which is gaining massive adoption worldwide. Its adoption and growth/ earnings are key factors determining the stock prices. So, let’s discuss how the Coinbase earnings could impact COIN stock price.

Coinbase Stock Price Looks Promising, $400 Next Target?

After a long downtrend, the Coinbase stock price chart has begun following an uptrend thanks to the upcoming Coinbase earnings announcement. As the Q4 earnings report is due, bullish sentiments have formed for COIN stock performance. More importantly, the charts show the COIN forming the famous cup and handle formation, a highly bullish price pattern.

The COIN stock price currently sits around $270 and has surged nearly 5%, pulling itself out of the long consolidation phase. A breakout above the trendline could confirm the upward momentum, especially if the high trading volume accompanied the price momentum. With that, a Coinbase expert, CBduck.base.eth’s stock prediction, says the COIN stock price could hit $400.

COIN stock price

Although the Coinbase stock is showcasing a bullish trend, investors should monitor further price actions and macroeconomic events to analyze the growth potential clearly.

Coinbase Earnings Forecasts

Coinbase has significant positive performance in the Q4 projection, where analysts anticipate the Q4 revenue is projected to be $2.18 billion, a 128.5% increase from the same quarter in 2023. The CBDuck projected EPS (Earnings Per Share) is $6.07, up 432% year-over-year. Interestingly, these numbers are much higher than Wallet Street’s expectation, as that comes at $1.585B in revenue and only $1.13 EPS.

CBDuck eventually claims that the Coinbase stock price is undervalued. He expects it to generate $6.5M in revenue and around $12 EPS in 2024.

So Coinbase $COIN 4Q projection is completed. Have fun!

$2.18B Rev 128.5% increase from 4Q23
$6.07 EPS 432% increase from 4Q23

Wall Street expecting
$1.585B Rev and $1.13 EPS
We beat by 37.5% and 437% respectively.

For FY24, Coinbase is expected to achieve $6.5B revenue and… pic.twitter.com/JNipuQHgzZ

— CBduck.base.eth 🛡 (@CoinbaseDuck) January 2, 2025

Bottom Line

Amid the building enthusiasm around the Coinbase earnings report for Q4, the Coinbase stock price is likely to hit $400. This stock price rally will likely be fueled by strong technical indicators, i.e., cup and handle pattern formation. Additionally, analysts like CBDuck anticipate that the crypto platform will outperform most expectations. He says it can achieve a $2.18B revenue and $6.07 EPS, much higher than Wall Street expectations. However, significant factors could become a barrier between the COIN price rally to $400, so careful planning is needed. Interestingly, further clarity is awaited, especially as the base developers are considering launching COIN on the Ethereum L2.

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FOCAI Token: How ‘Crypto Insiders’ Cashed in on $20M in Profit? https://coinpress.live/trending/focai-token-how-crypto-insiders-cashed-in-on-20m-in-profit/ Sat, 04 Jan 2025 14:47:06 +0000 https://coinpress.live/?post_type=trending&p=232096 The crypto trading industry delivers various opportunities where some traders make heavy returns, some lose millions, and some become victims of scams and whatnot. Such a unique incident occurred a few hours ago, where a group of reports suggested crypto insiders made $20M from the newly launched FOCAI token. Crypto Insiders Made $20M After Acquiring

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The crypto trading industry delivers various opportunities where some traders make heavy returns, some lose millions, and some become victims of scams and whatnot. Such a unique incident occurred a few hours ago, where a group of reports suggested crypto insiders made $20M from the newly launched FOCAI token.

Crypto Insiders Made $20M After Acquiring Massive Supply of FOCAI Token

Lookonchain, a popular analytics platform, revealed crypto insiders’ shocking activity, where 15 blockchain wallets made $20M within hours of token launch. This happened as the report suggested insiders invested 67.16 SOL, equivalent to $14,600, to acquire around 60.5% of the FOCAI’s total supply. More importantly, they acquired this massive amount of total supply right before launch, buying 605M FOCAI for just $14,600. However, the same token became worth 94,175 SOL, equivalent to $20.5M, after the FOCAI price grew multiple-folds.

With this practice, the possible crypto insiders have netted a profit of $20.48M, simultaneously leaving the crypto community in shock and anger. This is because such crypto trading activities affect the token’s performance, where massive selling could crash the token.

Crypto Insiders Profit Making

Interestingly, out of these 15 crypto wallets, one wallet with the address “9DtTb” turned his $1.1k into $3.47M within three hours, making a 2,973x return on his initial investment. However, this mass selling led to the FOCAI price fluctuation, where its market cap hit the prime of $50M but dropped after that.

FOCAI Token Price Rose 82,000% Within A Day

FOCAI has instantly gained investors’ attention, as it achieved a market cap of $50M within 11 minutes of the launch. This happened as the token’s trading volume surged to $48.2 million. However, Lookonchain’s reported insider trading revelation has dropped the demand. With that, the FOCAI price has moved significantly away from the prime, currently trading at $0.0376 with a market capitalization of $34M per pump.fun market.

FOCAI Token price

Despite the drop, the FOCAI token has still maintained an 82,000% surge within 24 hours, indicating investor interest in this newly launched Solana meme coin. Interestingly, few crypto analysts, including oleG, have warned crypto trading investors about this crypto project due to several hidden red flags, like lacking blockchain features or decentralized functionality, cat-fishing in the market with AI and blockchain terms, and much more.

An insider on $FOCAI has turned $1,168 into $3.47M in just 3 hours.

The insider bought 123.32M $FOCAI for 5.39 $SOL ($1,168) on #PumpFun.

The insider then sold the entire $FOCAI for 16,070 $SOL worth $3.47M. The insider made a x2973 profit.

Address:… pic.twitter.com/V1X95myM7C

— Onchain Lens (@OnchainLens) January 4, 2025

What’s The Lesson Here?

FOCAI insider traders’ activity has shocked the crypto community, where only 15 wallets controlled more than 60% of the FOCAI token total supply. This happened as these reports suggested crypto insiders acquired a massive token supply right before its launch. More importantly, they sold these moments after launch, grabbing $20M in profits. Although the FOCAI price has not been impacted much, analysts rolled out significant scam warnings about this project. Investors should conduct proper research and plan crypto trading activities to avoid scamming projects. One mistake made this crypto trader lose $1.2M within 12 hours as he made the wrong judgment.

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