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As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “super-cycle” expected in the latter half of 2024. In a detailed social media post, the analyst, known as OxNobler, delves into the cyclical nature of the crypto market and highlights the factors driving the impending uptrend phase.
Crypto ‘Supercycle’ Imminent? According to OxNobler, the crypto market consistently follows a four-phase cycle: Accumulation, Markup (Uptrend), Distribution, and Markdown (Downtrend). The analyst argues that understanding these distinct phases is crucial for investors seeking to capitalize on low cap altcoins and market trends to maximize their returns.
“We are currently on the brink of entering the Uptrend phase, which is set to be fueled by a confluence of factors, including the upcoming US election, potential rate cuts, the global adoption of crypto ETFs, continued technological advancements, and shifts in China’s regulatory landscape,” explains OxNobler.
Drawing on this market insight, the analyst has curated a list of six altcoins that are poised to experience substantial growth during the anticipated crypto super-cycle.
These tokens span a diverse range of sectors, including artificial intelligence (AI), decentralized finance (DeFi), real-world asset (RWA) tokenization, and more.
6 Low-Cap Altcoins Tipped To Skyrocket First on the list is Numerai (NRM), an Ethereum-based platform that allows developers and data scientists to experiment with and create more reliable machine learning models.
With a current price of $11.75 and a market capitalization of $86 million, the analyst believes Numerai’s positioning in the trending AI sector makes it a compelling investment opportunity.
Another altcoin highlighted is TokenFi (TOKEN), a crypto and RWA tokenization platform aiming to simplify the tokenization process and emerge as a leading player in the space. Currently trading at $0.06 with a $60 million market cap, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key growth driver.
Ravencoin (RVN), an open-source proof-of-work blockchain enabling the issuance and control of utility tokens, non-fungible tokens (NFTs), and other digital assets, also makes the list.
With a market price of $0.015 and a $223 million market capitalization, Ravencoin’s positioning in the growing DeFi sector adds to its potential upside.
The Fluence Project, with its native token FLT currently valued at $0.27, is another intriguing prospect. As the first decentralized “Cloudless” computing platform, Fluence aims to provide an open alternative to the dominant cloud computing giants, aligning with the analyst’s bullish outlook on the AI sector.
Realio Network (RIO), an end-to-end blockchain-based platform for the issuance, investment, and management of digital securities and crypto assets, is also included. Trading at $0.89 with a modest $5 million market cap, Realio Network’s focus on the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
Last on the list, is the largest altcoin among the six by market cap, Pendle (PENDLE), a protocol enabling the tokenization and trading of future yield, rounds out the list. Currently priced at $2.63 with a market capitalization of $419 million, Pendle’s positioning in the DeFi sector aligns with the analyst’s broader thesis.
The daily chart shows PENDLE’s price downtrend experienced over the last months. Source: PENDLEUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
The SUI price has gone up by a massive 32.4% within the last 24 hours and 60% in a week with the market capitalization nearing $8.7 billion. This has put SUI at the 15th position among the most valuable cryptocurrencies in the world today. On the other hand, the lending protocol of the Sui ecosystem, Scallop (SCA), has also been on an upward trajectory. SCA has risen by 87% in the last week and has seen its total value locked (TVL) growth by 25.3%. This points towards a growing interest in the Sui network and the other assets associated with it.
SUI Price Rally 60% In a Week Hitting New Market Cap High of $8.7B According to recent data, SUI price has increased by 32.4% within the last 24 hours, and by over 60% over the span of 7 days. This tremendous growth has also placed SUI at its highest market capitalization ever of around $8.7 billion. This has not only anchored SUI firmly in the market but has raised the asset to 15th rank amongst digital assets by market capitalization.
The increase in SUI price is coupled with a surge in trading volume, indicating a rise in investor interest. Over the past 24 hours, SUI trading volume increased by over 250%, reflecting heightened market activity, and signaling a bullish outlook. Analysts attribute this price rise to strong on-chain metrics and a favorable market environment.
Adding to the bullish sentiments, the MACD analysis on the daily chart indicates a strong upward trend for SUI. The MACD line has crossed above the signal line, currently reading 0.0211 against -0.0027, reflecting positive momentum. The histogram also supports this bullish outlook, as it has been showing green bars with increasing height. This widening gap between the MACD and the signal line indicates strengthening buying pressure and a continuation of the upward trend.
Source: TradingView Furthermore, the Bull Bear Power (BBP) analysis reinforces the bullish trend, showing a positive value of approximately 1.2590. This positive reading suggests that bulls are dominating the market, as buying strength surpasses selling pressure.
Scallop (SCA) Gains 83% As Sui Ecosystem Grows Apart from SUI, the lending protocol within the Sui ecosystem with the ticker SCA has also shown great growth. In the last one week the token price of Scallop (SCA) has risen by 83% indicating growing demand for Sui-based financial solutions. It worth mentioning that Scallop being a lending protocol is an essential part to the Sui ecosystem as it provides services such as lending and borrowing, which add value to the Sui network.
Source: CoinMarketCap The massive adoption of Scallop (SCA) has signaled the ability of the Sui ecosystem not to be limited to the SUI token alone as users seek other financial services within the network.
Besides the price appreciation, there is a remarkable improvement in the total value locked (TVL) in Scallop (SCA), which has increased by 25.30% in the last week. This increase in TVL reflects the growing interaction of users with the Scallop protocol. TVL growth is one of the constituent parameters, which characterizes overall demand together with protocol’s liquidity.
What’s Next? Analysts Predict $10 Target for SUI Following the recent rally, market analysts are optimistic about the future trajectory of SUI price, projecting a potential target of $10 if current trends persist. This positive outlook is driven by robust on-chain metrics, including high trading volume and active user engagement. Additionally, post-election market dynamics and the popularity of meme coins within the ecosystem are further catalysts for price appreciation.
SUI November price prediction could continue to benefit from increased interest and favorable market conditions. If these factors align, SUI may see another significant rally, bringing it closer to the anticipated $10 target.
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Bitcoin, the largest cryptocurrency asset, could be set for positive movement once again. Recent developments around Coinbase Premium spark the potential for a short-term rally, suggesting a positive outlook for BTC in the upcoming weeks.
Short-Term Rally For Bitcoin On The Horizon The Coinbase Premium, a key indicator that measures BTC’s price differences on the Coinbase platform and other cryptocurrency exchanges, is displaying a possible optimistic movement for Bitcoin’s price in the near term. This implies institutional investors in the United States are heavily purchasing the crypto asset, indicating rising demand and bullish sentiment in the US market, which could cause a short-term upswing for BTC as these investors seeks to capitalize on its growing strength.
Yonsei Dent, a market expert and enthusiast, reported the development in a recent quicktake post on the leading on-chain analytics platform, CryptoQuant. The expert predicts that a brief leg up may be imminent after analyzing the Coinbase Premium Index on the 1-hour time frame and using the 24-hour and weekly moving averages to identify short-term momentum.
Following the thorough investigation, Dent discovered that when the daily moving average decisively broke through the weekly moving average, significant results were also seen in the price movement.
Coinbase Premium hinting at a short-term upsurge for BTC | Source: CryptoQuant on X Considering past movements in Bitcoin, the expert highlighted that there was also a short-term rise in price when BTC attempted to create a golden cross. This is due to the fact that notable price movements have historically occurred immediately after the 1-day moving average forms a golden cross, which takes place when it strongly crosses over the weekly moving average.
In addition, the weekly moving average has been momentarily overtaken by the current daily moving average, with the current price positioned at the $66,400 level, a section where support for the September high might be anticipated, as indicated by the black arrow on the chart.
As a result, Yonsei Dent anticipates the market will develop a clear rising structure as long as the higher highs and lows, where the lows and highs have progressively increased since August, continue.
A Possible Price Correction For BTC While the Coinbase premium may flash an impending short-term rally, Kyle Doops, a technical analyst and host of the Crypto Banter show has pointed out a potential price correction for the flagship digital asset in the coming days. Kyle Doops’s pessimistic forecast is based on an analysis of Bitcoin‘s quarterly performance by contrasting its market capitalization with its realized cap, which revealed crucial patterns for the market.
After examining the metric, the expert warned of possible selling pressure and bearish signals should the market cap growth surpass the realized cap. However, a steady realized cap during downturns may suggest market bottoms. “With trends echoing 2021, a price correction might be on the horizon,” he added.
BTC trading at $67,124 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com
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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.
This week in the crypto market, Bitcoin’s price surpassed $68,000, and the market capitalization returned to over $2.28 trillion.
BeInCrypto noted special investor interest in events such as Grayscale’s review of 35 altcoins for potential investment products and investors’ expectations of an altcoin season ahead of the US elections.
Additionally, Miles Deutscher has suggested several altcoins, claiming they might have a strong growth potential. The community is also paying attention to Craig Wright’s legal plans and Tesla’s Bitcoin movements.
Grayscale Unveils 35 Potential AltcoinsEarlier this week, Grayscale announced a list of 35 altcoins under consideration for future investment products. Following the announcement, many of these altcoins experienced significant price increases over the week. The top 10 altcoins on the list saw gains ranging from 13% to 49%.
Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season
The Top 10 Best-Performing Altcoins of the Week are part of Grayscale’s Potential Candidates. Source: DropstabThirty of the 35 altcoins enjoyed a green week, with only Kaspa (KAS) and Helium (HNT) facing notable declines of -4% and -7.4%, respectively.
“Assets Under Consideration lists digital assets not currently included in a Grayscale investment product but identified by our team as possible candidates for inclusion in a future product,” Grayscale explained.
Additionally, Grayscale filed with the SEC to convert its Digital Large Cap Fund into an ETF, following the success of transforming Bitcoin Trust and Ethereum Trust into spot ETFs.
Miles Deutscher Highlights 4 Altcoins Investor Miles Deutscher introduced four altcoins that he believes could deliver 10x returns. These altcoins focus on GameFi, artificial intelligence (AI), Decentralized Physical Infrastructure Network (DePIN), and real-world assets (RWA) sectors, including:
SuperVerse (SUPER) Bittensor (TAO) Mantra (OM) Render (RNDR) Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
Price Performance of Altcoins Suggested by Deutscher. Source: TradingViewSince his announcement, the prices of these altcoins have slightly declined, which occurred as Bitcoin Dominance reached a three-year high. Deutscher also commented on meme coins, suggesting they are at a crossroads and may face a short-term correction.
Craig Wright Plans to Sue Bitcoin CoreOn October 11, a tracker from the UK High Court revealed that Craig Wright is taking legal action against Bitcoin Core and Square.
Wright, representing himself in the case as a “direct claimant,” is seeking £911 billion ( ~$1.18 trillion) from Bitcoin Core and Square, alleging they misrepresented Bitcoin (BTC) as the true version of the digital asset created by Satoshi Nakamoto.
Additionally, Wright threatened to sue MicroStrategy CEO Michael Saylor for allegedly misrepresenting Bitcoin. The Australian computer scientist is also filing three other legal appeals in the UK, two against the Crypto Open Patent Alliance (COPA) and one targeting Peter McCormack.
Read more: Satoshi Nakamoto – Who is the Founder of Bitcoin?
Altcoin Season Ahead of US Presidential Election?Throughout the week, several crypto industry experts expressed optimism for altcoin’s price ahead of the US presidential election. Ki Young Ju, CEO of CryptoQuant, suggested that a Trump victory could spur regulatory changes that would trigger an altcoin season.
“If Trump wins, expect regulatory changes, including fee switches enabling token burns for revenue-generating projects,” Ki Young Ju said.
Technical analysts Michaël van de Poppe and CRG also predicted that the altcoin season could begin next month. Echoing these views, Crypto Rover forecasted an impending altcoin season by monitoring Bitcoin Dominance’s movements. Bitcoin Dominance (BTC.D) represents Bitcoin’s share of total market capitalization. Its adjustments often signal an altcoin rally.
Read more: Bitcoin Dominance Chart: What Is It and Why Is It Important?
Bitcoin Dominance fluctuations. Source: Crypto Rover.Tesla Moves Bitcoin Worth Up to $760 MillionThis week, Elon Musk’s Tesla unexpectedly moved nearly all of the Bitcoin it had held for the past three years to new wallet addresses. Initially, investors feared Tesla might be preparing to sell the BTC through OTC, but those concerns quickly dissipated as Bitcoin’s price remained unaffected.
“No proof it’s an OTC deal yet. Even if it was, that means someone else bought it so it’s not entirely bearish. Who knows,” Sir Doge of the Coin said.
Read more: Who Owns the Most Bitcoin in 2024?
Many now believe the move was a simple reallocation. In 2021, Musk had stated that Bitcoin payments made to Tesla would be held as Bitcoin, not converted into fiat.
A widely followed crypto strategist is predicting a massive breakout for one decentralized finance (DeFi) low-cap altcoin.
Pseudonymous analyst The Crypto Dog tells his 810,200 followers on the social media platform X that Synapse (SYN), a protocol that aims to enable secure cross-chain communication, could soar more than 75% from the current value.
[adinserter block="1"]
“Think it can see $1…
10% dip back to breakout level. I rebought SYN.“
Source: The Crypto Dog/X Synapse is trading for $0.566 at time of writing, down 12.82% in the last 24 hours. The cross-chain network project was launched in August 2021 and is compatible with most other layer-1s and layer-2s.
Next up, the analyst says that he is flipping bullish on Ethereum (ETH) rival Fantom (FTM), suggesting a breakout of a descending trendline may be forming on the hourly chart.
“Would be an attractive break FTM… Started position in FTM.”
Source: The Crypto Dog/X Fantom is trading for $0.38 at time of writing, up slightly in the last 24 hours.
Lastly, the analyst says that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) may be gearing up for a bounce after retracing.
“Probably the dip to buy for CRV at $0.318.”
Source: The Crypto Dog/X CRV is trading for $0.30 at time of writing, down more than 1% in the last 24 hours.
In the cryptocurrency market, closely followed analyst The Crypto Dog predicted a significant rise for a low market cap altcoin in the decentralized finance (DeFi) sector. The analyst also made bullish comments for two leading altcoins, Fantom (FTM) and Curve DAO (CRV).
Expects Over 75% Rise in SynapseAnonymous cryptocurrency analyst The Crypto Dog suggested to his followers on social media platform X that the Synapse (SYN) altcoin could rise over 75% from its current price.
For those unfamiliar, Synapse is known as a protocol developed to provide secure cross-blockchain communication. The Crypto Dog stated that SYN’s price is around $0.566, saying, “It could see $1… It returned to the breakout level with a 10% price pullback. I bought SYN again.”
Synapse is currently trading at $0.566 and has lost 12.82% in value over the past 24 hours. Launched in August 2021, this cross-blockchain network project can work compatibly with most Layer-1 and Layer-2 networks.
Analyst Predicts Rise for Fantom and Curve DAOBesides Synapse, The Crypto Dog also shared positive views about Fantom’s FTM, a competitor to Ethereum. The analyst noted that the descending trend line on the hourly chart is about to break, expecting a rise for the altcoin and added, “It could be an attractive breakout for FTM… I opened a position in FTM.”
Lastly, the analyst predicted a positive scenario for the stablecoin-focused decentralized exchange Curve DAO (CRV). He stated that CRV could rise after pulling back to the $0.318 level, saying, “This dip is probably a buying opportunity for CRV.” CRV is currently trading at $0.30, having lost over 1% in value in the past 24 hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A prominent market analyst presents timelines for XRP to claim new heights, leveraging pointers from his “Bifrost Bridge” analysis.
The analysis comes on the back of XRP’s recent positive performance. The asset surged 283% in November, marking its best monthly performance in seven years. December is continuing this momentum, with XRP gaining an additional 26.4% just 12 days into the month.
Market analyst EGRAG has compared the ongoing rally with XRP’s trajectory in the 2017 cycle. He suggests that this current price behavior mirrors patterns observed before XRP achieved its all-time high (ATH) of $3.31 in January 2018.
Using his “Bifrost Bridge” analysis, EGRAG forecasts two potential price milestones for XRP: $6 and $27. Notably, he based these targets on Fibonacci retracement levels and historical price movements.
XRP Could Target $6 and $27 In his analysis, EGRAG highlighted XRP’s early 2017 market moves. For context, in March 2017, XRP rallied 150% from a critical support zone, which the analyst calls the “purple foundation.”
Interestingly, this initial rally set the stage for a more extraordinary 1,330% gain in May 2017. EGRAG projects that XRP’s ongoing uptrend could follow a similar trajectory. If the same percentage gains repeat, XRP may achieve new heights.
In the current December monthly candle, the analyst believes aims for the “gold region,” situated between $4.3 and $6.4. Data from the chart shows that these initial price targets align with Fibonacci retracement levels of 1.414 and 1.618.
XRP 1M Chart EGRAG Crypto Meanwhile, for the next monthly candle, January 2025, EGRAG sees a massive 1,330% rally that could push XRP into a second gold region. He expects this gold region to rest between the lofty prices of $13.7 and $27.3, aligning with another retracement zone.
EGRAG Dismisses Market Cap Skepticisms Notably, previous skepticism about achieving such targets had emerged. They often center on the increased liquidity and larger market cap in today’s crypto markets. However, EGRAG addressed this by comparing the total market caps for 2017 and 2024 (TMC).
In May 2017, the crypto market cap stood at $60 billion. Today, it has ballooned to $3.7 trillion, marking a 6,000% increase or a 61x multiple. EGRAG suggests applying this same multiplier to XRP’s 2017 market cap of $15 billion. This would result in a hypothetical $900 billion XRP market cap.
Interestingly, to contextualize these figures, XRP would need to capture between 9% and 18% of the TMC, depending on whether it grows to $5 trillion or $10 trillion. Given XRP’s use cases in cross-border payments, such dominance in market share is considered feasible.
For context, Ripple CEO Brad Garlinghouse previously predicted that the TMC could rise to $5 trillion. Today, XRP trades for $2.48, boasting a market cap of $140 billion and 3.96% market dominance. If its dominance reclaimed the 2017 peak of 31%, this would translate to an XRP market cap of over $1 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Last week in crypto has been very significant in terms of gainers, as many smaller projects have surged significantly over the past week. As per the data shared by an on-chain analytics platform, Walken ($WLKN), Reef ($REEF), Nibiru ($NIBI), GameStop Token (GME), Plokastarter (POLS) and a few others surged significantly and outperformed the bigger projects in terms of gains during the last week.
Top Crypto Gainers of the Week: Walken ($WLKN), Reef ($REEF), and Nibiru ($NIBI) on The Lead Walken ($WLKN) is leading the pack of the top gainers of the last week, surged by 115.9%, ranking itself as the highest gainer of the week. $WLKN is majorly trading over the HTX crypto exchange with a total market cap of $1.6 million. While, $REEF secures the second position with a market cap of $36.6 million, with significant growth of 90.5% during the past seven days outperforming $NIBI. Nibiru ($NIBI) surged by 66.6% past week with a market cap of $18.2 million and mainly traded over the ByBit crypto exchange.
Apart from the top three altcoins, a few others have surged significantly as GameStop Token (GME) and Plokastarter (POLS) showed a growth of 55.7% and 50.2% respectively. $GME is being traded over CoinW with a market cap of $31.7 million and $POLS is being traded over Coinbase with a market cap of $35.5 million. Moreover, $XZK, $DAR, $VELO, $AMPL, and $UXLINK have shown significant growth since the last week.
Smaller Projects, Outperforming the Bigger Projects During the last week, the crypto market has been evident of a significant shift in the world of cryptocurrencies. Many smaller market-cap tokens have outperformed the bigger crypto projects. Based on the stats shared by the Phoenix Group, these smaller market-cap tokens can be proven very valuable assets in terms of trading based on their significant performance. Many crypto investors are eyeing such projects, trends and developments in the crypto space to yield maximum profits.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Crypto exchange Coinbase has added trading support for Stader (SD), a noncustodial, multi-chain liquid staking platform.
In an announcement, Coinbase says that SD is now available on Coinbase.com and the Coinbase iOS and Android apps.
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Coinbase placed SD on its listing “roadmap” last month, which signals the possibility of future listings for digital assets – triggering significant rallies for the token.
Stader originally aimed to provide liquid staking solutions on the Terra blockchain but expanded to other chains following the 2022 collapse of the Terra ecosystem.
Recently, the Stader community voted to reduce the supply of SD from 150 million to 120 million in a new “tokenomics reboot.”
The project is also currently holding a vote on expanding the token’s utility by “leveraging the SD Utility Pool to provide insurance cover for permissioned node operators, ensuring they only have to cover up to four Ethereum (ETH) in slashing penalties, with the excess covered by the pool.”
In 2023, Stader Labs, the development team behind the project, raised $4 Million in seed funding from Pantera Capital and other large investors.
At time of writing, SD is trading at $0.48, 98.4% down from its all-time high of $30.17 which it hit in March 2022, according to CoinGecko.
Singapore, Singapore, January 10th, 2025, Chainwire
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Singapore, Singapore, January 10th, 2025, Chainwire
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
[PRESS RELEASE – Singapore, Singapore, January 10th, 2025]
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.
With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
The rise of artificial intelligence (AI) and generative AI technologies has been meteoric in the past two years. For some tech-savvy people, every morning begins with the help of AI, from the smart alarm that tracks their sleep cycle to the news app that curates articles based on their interests.
But behind these seamless conveniences lies a hidden reality – these technologies are part of a growing energy crisis. As AI technologies like generative AI advance, they are not just transforming our lives; they’re demanding a huge share of the world’s electricity.
Impact of AI on Energy InfrastructuresThe challenge is stark. As one of the most energy-intensive modern IT endeavors, AI systems require considerable carbon emissions and electricity. Indeed, the world might not be ready for their demands.
In 2023, the world became acquainted with the implications of generative AI, and by 2024, its utilization in various sectors magnified. Hence, data centers that power these AI models are becoming massive consumers of electricity.
Indeed, Forbes noted that GPT-4 required over 50 gigawatt-hours to train—equivalent to 0.02% of California’s annual electricity production. Moreover, it requires 50 times more energy than its predecessor, GPT-3.
The statistics are staggering. Globally, data centers and their transmission networks now contribute to 3% of global energy consumption, emitting as much carbon dioxide as Brazil.
Moreover, the escalating energy requirements show no signs of abating. According to an International Energy Agency (IEA) projection, global electricity demand will surge from 460 terawatt-hours (TWh) in 2022 to 1000 TWh by 2026.
Read more: How To Build Your Personal AI Chatbot Using the ChatGPT API
Global Electricity Demand Projections. Source: IEAIn the United States alone, the power demand from data centers is expected to increase from 200 TWh in 2022 to 260 TWh by 2026, marking a 6% share of the country’s total power usage. Projections suggest this demand will double by 2030.
Amid this backdrop, Ayush Ranjan, CEO of Huddle01, highlighted in an interview with BeInCrypto the urgent need for solutions like DePIN (Decentralized Physical Infrastructure Network).
“AI data centers require a substantial amount of electricity for computation and cooling. If AI applications continue to grow at the current rate, we will see a significant strain on both local and global energy grids that will prove unsustainable. This burden will continue to increase as AI systems get more and more complex with time. This will again lead to higher emissions and grid instability,” Ranjan explained.
The geographic clustering of data centers compounds the challenges. For instance, Northern Virginia hosts the largest hub of data centers globally, consuming electricity equivalent to that of 800,000 homes. This concentration creates dangerous fluctuations in power demand, posing severe risks to energy infrastructures.
How DePIN Solves the ChallengesIn response, DePIN offers a promising solution by leveraging underutilized hardware resources to distribute computational tasks more efficiently. By decentralizing energy consumption and incentivizing the use of edge computing, DePIN networks could significantly alleviate the energy burden imposed by AI, offering a pathway to more sustainable and democratized access to AI resources.
Ranjan further elucidated that DePINs distribute energy consumption and workload, easing the burden on any single point. Instead of relying on huge centralized data centers, DePIN deploys multiple nodes—often utilizing underused infrastructure to offload computations closer to end-users.
“This reduces the workload on servers and spreads energy consumption more evenly across regions, easing the burden on energy grids,” Ranjan told BeInCrypto.
Currently, 84% of the data centers are concentrated around the United States, Europe, and China, making data transfers less energy efficient. However, edge computing, integral to DePIN, minimizes long-distance, energy-intensive data transfers typical of centralized data centers.
“Splitting the energy consumption across multiple devices and regions, reducing the load on data centers and energy grids by leveraging existing devices or resources to build the network will prove critical in solving this issue,” Ranjan affirmed.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Data Centers Distribution. Source: Synergy Research GroupDePin Projects Addressing AI’s DemandsAccording to Ranjan, several DePIN projects, like Filecoin Green, Akash Network, Render, and Grass, focus on addressing AI’s energy demands.
Notably, the Daylight Energy project, backed by prominent venture capitalist firm Andreessen Horowitz (a16z), aims to transform energy grid operations through distributed energy resources (DERs). This initiative enhances grid responsiveness and facilitates sustainable energy practices by leveraging real-time data from DERs such as solar panels and smart batteries.
Moreover, on September 10, Daylight Energy announced a partnership with DIMO Network to enable electric vehicles (EVs) to support power grids. This collaboration utilizes DIMO’s EV application programming interfaces (APIs) to integrate EVs into the energy management ecosystem, thereby facilitating clean energy usage and real-time energy management for all EV owners.
DePIN networks also solve other challenges of centralized infrastructure, such as frequent outages. For instance, a recent IT outage involving Microsoft and CrowdStrike disrupted major services worldwide. However, DePIN networks are less susceptible to such outages because they do not have a single point of failure.
Currently, the total market capitalization of DePIN projects stands above $20.5 billion. Additionally, the total number of DePIN devices has crossed 18 million. However, DePIN still faces scalability challenges as the mainstream adoption of these networks requires high computational power.
“Many DePINs rely on a mix of devices, from low-powered edge devices to small-scale data centers. Scaling the network and coordinating the deployed resources to match the computational power of a centralized data center remains a formidable industry challenge,” Ranjan noted.
Read more: Top 10 Web3 Projects That Are Revolutionizing the Industry
DePIN Market Cap, Volume, and Total Devices. Source: DePINscanHowever, while the idea of DePIN rescuing the world from a global energy crisis remains nascent, further innovation and adoption are essential. Ranjan believes that token incentives can help bring more adoption.
“Because of hardware limitations of edge devices to handle AI workload, wide adoption is crucial for any DePIN to scale and see a mainstream use case. Token incentives help drive intent to use and participate,” Ranjan concluded.
Indeed, as AI’s energy demands soar, DePIN offers a vital solution by decentralizing the computational load. It could substantially reduce the strain on global power infrastructures.
DePIN networks promise a more sustainable approach to managing the rising energy requirements of advanced AI systems by harnessing underused hardware and edge computing. This strategy could potentially avert an energy crisis and foster more equitable access to technology.
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In a market breakdown shared on X, independent trader and Zero Complexity Trading founder Koroush Khaneghah points to a handful of critical crypto charts that he believes could dictate the next major market move. Khaneghah, who has invested in over 50 startups, emphasizes that the charts for BTC/USD, BTC Dominance (BTC.D), TOTAL2, ETH/BTC, and SOL/BTC provide invaluable insights into the crypto market’s current condition and possible future shifts.
BTC/USD: Defining The Crypto Market Khaneghah identifies BTC/USD as the yardstick for gauging what stage of the bull run the market might be in. According to his view:
“This decides what stage of the bull run we’re in.
– Breaks above ATH resume the bull run
– Consolidation below ATH -> Altcoins enter accumulation zones
– Major structural breaks -> Time to turn bearish”
He suggests traders begin by determining which of three market environments Bitcoin is in: a raging bull market, a consolidation phase, or a structural downturn. Currently, Khaneghah sees BTC/USD “ranging below all-time highs, coming off some major uptrends,” which often presents either a catch-up scenario for altcoins or a prolonged accumulation phase ahead of Bitcoin’s next attempt to break all-time highs.
Bitcoin price analysis, 1-day chart | Source: X @KoroushAK BTC Dominance (BTC.D) To clarify whether altcoins are poised for a significant move, Khaneghah turns to BTC Dominance. As he explains: “BTC.D (bitcoin dominance) tracks Bitcoin’s share of the total crypto market cap. “Increasing Dominance = BTC outperforms and altcoins lag (same for upside and downside). Decreasing Dominance = BTC cools off and money flows into Altcoins.”
BTC.D, 1-week chart | Source: X @KoroushAK Dominance rising typically means Bitcoin is absorbing the bulk of market liquidity. Meanwhile, a drop in BTC.D often suggests altcoins are about to see greater inflows of capital.
Crypto Market Cap Excluding Bitcoin (TOTAL2) The TOTAL2 chart, which excludes Bitcoin from the total crypto market capitalization, is key to analyzing altcoin behavior. Khaneghah advises: “When BTC.D Falls, TOTAL2 increases because capital is rotating into altcoins. When TOTAL2 breaks out, look for longs on the strongest altcoins, rotate out of Bitcoin, and shift capital into alts again.”
Crypto TOTAL2, 3-week chart | Source: X @KoroushAK He stresses that the highest probability trades come from identifying moments when the market rotates away from Bitcoin. In these instances, traders might see stronger returns by entering altcoin positions rather than remaining primarily in BTC.
ETH/BTC Khaneghah underscores that ETH/BTC is a helpful barometer for broader altcoin sentiment: “The best altcoin plays happen when ETH/BTC stops trending downwards because the market confidence in alts returns here.”
ETHBTC, 3-week chart | Source: X @KoroushAK When Ethereum is outperforming Bitcoin or stabilizing against it, it generally sparks confidence that altcoins could experience rallies, often referred to as “altseason.”
SOL/BTC Khaneghah also shines a spotlight on SOL/BTC, suggesting that Solana’s performance relative to Bitcoin could reshape altcoin capital rotation: “I don’t normally look at this but a comparison helps decide if the money rotation has a better reward within the SOL ecosystem or ETH. People will think SOL has ‘pumped already’ but I like buying coins with strength, rather than buying coins that might catch a bid.”
SOLBTC, 1-week chart | Source: X @KoroushAK While Solana has posted significant gains, Khaneghah believes its strong performance could continue. He notes that if Solana keeps outperforming Bitcoin, some capital might shift away from ETH, potentially amplifying activity across the SOL ecosystem.
At press time, BTC traded at $105,026.
BTC price, 4-hour chart | Source: BTCUSDT on Tradingview.com Featured image from Shutterstock, chart from TradingView.com
Key NotesJelly My Jelly token saw a rapid market cap increase, reaching $230M in just two hours.The token was launched to support content creators within the Jelly app's ecosystem.The rise of Jelly token aligns with the growing "Internet Capital Markets" trend in Solana. The Jelly My Jelly token is gaining attention among crypto investors. Inspired by Venmo founder Sam Lessin, the token has experienced a rapid surge in value, reaching a market cap of $230 million within two hours and generating $500 million in trading volume.
A savvy investor, Mansa Musa, shared on X that he bought JELLYJELLY for $10,000 when its market cap was under $2 million. Its value has now grown to $1.32 million, resulting in an enormous profit for him. Similarly, a crypto commentator revealed that someone managed to turn $1,500 into $1 million in under three hours with JELLYJELLY today.
Someone flipped $1.5K into $1M in under 3 hours with $Jelly today.
These opportunities are out there—but do you know how to spot them? 👀 pic.twitter.com/io0OanxRxc
— ManLy (@ManLyNFT) January 30, 2025
However, Sam has claimed that he does not own any of the tokens, according to a post by IBC Group Official, founded by Mario Nawfal. He stated:
“Big moves from the Venmo founder: Jelly just launched, along with its own token, JELLYJELLY. The twist? He says he doesn’t own any of the token. Looks like a FaceTime-style app where convos get recorded and clipped for social – BUT you might need the token to even get in.”
According to a post shared by the Venmo founder on his X page, the token was launched to support creators on the Jelly app. The token will grant users access to the app and be integrated into the ecosystem, marking the launch as part of the token’s community-building efforts in the crypto market.
The coin is already gaining support from top exchanges, such as Bybit. The platform announced that it has listed the JELLYJELLYUSDT perpetual contract in the Innovation Zone, allowing users to enjoy 20X leverage. The token was launched on Solana’s pump.fun.
The Rise of Internet Capital Markets and the Future of Crypto Fundraising The token’s launch follows a new trend in the Solana ecosystem, where legitimate founders use Pump.Fun and similar platforms to raise capital for product development and marketing, rather than relying on traditional funding methods like VC rounds or IPOs.
The “Internet Capital Markets” trend—promoted by Solana—aims to use blockchain technology to make global finance more efficient, accessible, and cost-effective. According to a report by Multicoin Capital, Solana could disrupt traditional financial institutions with this approach.
Mario Nawfal wrote on X that the crypto space is being shaken up by Internet Capital Markets. He referenced the quick success of the Jelly My Jelly token, stating that the Venmo co-founder opted to use pump.fun instead of traditional fundraising methods. Nawfal also mentioned that this follows the recent launch of the $VINE token by the founder of Vine. He predicts that things are about to get even crazier in the crypto space, stating:
“Well, the co-founder of Venmo, Lessin, decided to launch a token rather than raise capital and used Pump Dot Fun to do so. This comes just days after the founder of Vine launched $VINE. Things are about to get crazier…”
Thus, Internet Capital Markets could lead to more token launches by recognized builders and even encourage startups and Product Hunt-type platforms to use token launches as an alternative to traditional financing.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
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On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH’s price.
Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between the Ethereum market cap and the realized cap.
The realized cap here is a capitalization model that calculates ETH’s total valuation by assuming that the ‘real’ value of each token in circulation is equal to the spot price at which it was last transferred on the blockchain.
Since the last transaction of any coin is likely to correspond to the last point at which it changed hands, the Realized Cap essentially measures the sum of the cost basis of the circulating supply. This model could also be looked at as a representation of the amount of capital the investors as whole have put into Ethereum. In contrast, the market cap is the value that the holders are carrying right now.
When the value of the MVRV Ratio is greater than 1, it means the market cap is greater than the realized cap. Such a trend implies the investors as a whole are sitting on unrealized gains. On the other hand, the metric being under the mark suggests the holders are carrying a lower value than they initially put in, so the average investor could be considered underwater.
Now, here is the chart shared by the analyst that shows the trend in the Ethereum MVRV Ratio, as well as its 160-day MA, over the past year:
The two metrics appear to have crossed each other in recent days | Source: @ali_charts on X As is visible in the above graph, the Ethereum MVRV Ratio has registered a decline recently as ETH’s price has followed a bearish trajectory. The indicator is still above the 1 mark after this drawdown, suggesting the overall market remains in the green.
The metric’s fall, however, has meant that it has slipped under its 160-day MA. The combination of the indicator’s daily value and its 160-day is known as the MVRV Momentum. In the chart, Martinez has highlighted what happened the last time the MVRV Momentum showed a similar pattern as recently.
It would appear that the MVRV Ratio crossing under its 160-day MA led to a 40% price correction for Ethereum last year. It now remains to be seen whether the negative momentum in the indicator would also prove to be bearish for the cryptocurrency this time as well or not.
ETH Price At the time of writing, Ethereum is floating around $3,200, up more than 2% over the last seven days.
Looks like the price of the coin has seen a decline recently | Source: ETHUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
The crypto sector is experiencing a bullish trend amid several positive developments. As per the data from Top 7 ICO, the cumulative market capitalization of the crypto market has touched $3.56T while Bitcoin ($BTC) price has jumped to the $104K mark. This underscores an increasing investor interest in the crypto realm.
In addition to this, the Fear & Greed Index is also neutral, standing at 54. The overall optimistic market overview potentially suggests a gradual movement toward a likely upcoming bull run.
Bitcoin ($BTC) Reaches $104,944, Raising Dominance to 58.5% The data from the crypto analytics company Top 7 ICO, the crypto sector is witnessing an upward trajectory. Particularly, Bitcoin’s price has spiked to $104,944, denoting a 2.4% surge during the past twenty-four hours. Additionally, the overall $BTC dominance has reportedly increased by 58.5%, indicating a 1.8% jump. Simultaneously, the top crypto token’s market capitalization is $2.07T. On the other hand, Ethereum’s dominance has seen a slight downside. In this respect, the $ETH dominance stands at 10.8%, accounting for a 1.6% dip.
Ethereum ($ETH) and Solana ($SOL) See 1.12% and 1.74% Price Surge over 24 Hours Along with that, the well-known crypto assets have also seen gains over the recent twenty-four hours. Particularly, the price of Ethereum ($ETH) is $3.182, showing a 1.12% rise over the twenty-four hours. Additionally, the market capitalization of Ethereum ($ETH) is $383B. Ripple ($XRP) has emerged as another gainer with a 24-hour increase of 0.07%. While its price is $3.1, $XRP’s market cap accounts for $178B. Moreover, Tether ($USDT) and Solana ($SOL) have also recorded 0.05% and 1.74% gains as their prices touch $1 and $237 respectively.
24-Hour Spot Volume Records Staggering $130B after a 15.3% Rise According to Top 7 ICO’s data, the ratio between the Bitcoin ($BTC) season and altcoin season has reached 44/100 over the past week. Furthermore, Dar Network, Solana ($SOL), and Worldcoin ($WLD) are also launching significant events to increase adoption. These events include the Dalarnia Legends Beta project, linear unlock of up to $15.8M, and linear unlock of almost $9.41M respectively.
Apart from the crypto landscape’s spike to $3.56T in market cap, the spot volume has touched $130B over the last twenty-four hours. This shows an enormous 15.3% rise. Keeping this in view, all the respective developments are paving the way for a potentially massive bull market in the near term.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Shiba Inu could see its price eliminate a leading zero and trade with a market cap exceeding $132 billion if Solana reaches a price of $3,000.
Crypto assets like Solana (SOL) and Shiba Inu (SHIB) have experienced similar price dips recently as the bull momentum stalls but Optimism remains high in the crypto community regarding the future performance of both Solana and Shiba Inu. Both assets have a history of impressive growth during bull runs, and market participants are confident in their price actions.
For instance, at its current price of $240, Solana is up 183% over the past year. Similarly, at $0.00001983, Shiba Inu has gained 124% over the same timeframe.
This analysis considers the potential price of Shiba Inu should Solana’s value expand by more than ten-fold during this bull run.
Shiba Inu Price If Solana Reaches $3,000 At Solana’s current price of $247, a rise to $3,000 would require an increase of 1,115%. Notably, Solana currently has a market cap of $120.45 billion with a circulating supply of 486 million.
Should it maintain this supply, a price of $3,000 would bring Solana’s market cap to approximately $1.46 trillion, implying a 12-fold growth.
The market cap difference between Shiba Inu and Solana is approximately $110 billion. If Shiba Inu were to follow a similar growth pattern as Solana’s rise to $3,000 (i.e., its market cap grew by 12x), its cap could potentially increase to about $132 billion.
At press time, Shiba Inu is trading at $0.00001983 with a supply of 589 trillion tokens. A $132 billion market cap for SHIB would correspond to a unit price of $0.00024094.
This suggests that Shiba Inu could potentially cancel another zero if Solana reaches a $1.46 trillion market cap, especially if the current gap between the two assets remains unchanged.
Can Shiba Inu Reach a $132 Billion Market Cap? Numerous market analysts have expressed the belief that Shiba Inu could surpass a $100 billion valuation in this cycle. Recently, a Bitcoin analyst predicted that SHIB could reach prices of $0.000183312 (an 821% gain) and $0.0004729 (a 2,276% gain).
For context, both price projections would imply a market cap exceeding $100 billion for SHIB. Specifically, the $0.0004729 price corresponds to a $278 billion market cap, which the analyst believes is achievable this year.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant
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Liquidity in the cryptocurrency market has surged, with the total market capitalization of stablecoins recently surpassing $200 billion. This increase has historically preceded price rallies.
When the liquidity impulse grows, a rally usually follows.
USDT’s 30D market cap just turned positive (after contracting -2%), while USDC is surging 20%—its fastest pace in a year.
If stablecoin momentum continues, higher prices may be next. pic.twitter.com/fD8sQkKSKM
— CryptoQuant.com (@cryptoquant_com) January 30, 2025 According to data from CryptoQuant, stablecoin liquidity has increased since the U.S. presidential election, with major stablecoins like Tether’s USDT and Circle’s USDC leading the expansion.
Market Cap Hits Record High Amid Growing LiquidityThe total value of USD-denominated stablecoins reached an all-time high of $200 billion last week. Since then, it has grown further to $204 billion, representing an increase of $37 billion since November 4.
CryptoQuant reports that this surge in stablecoin liquidity reflects growing investor confidence, which has historically catalyzed crypto market upswings.
The expansion has been primarily driven by Tether’s USDT, the dominant stablecoin in the market. However, USDC, which had been losing market share, is now regaining traction.
A growing stablecoin supply often indicates increased buying power for traders, fueling demand for cryptocurrencies like Bitcoin and Ethereum.
Another key indicator of market liquidity, according to CryptoQuant, is the volume of stablecoins held on centralized exchanges.
The total value of USDT on these platforms has risen from $30.5 billion on November 4 to $43 billion, an increase of about 41% ($12.5 billion).
More stablecoins on exchanges show that traders have large amounts of capital on hand to deploy into crypto assets.
Such liquidity inflows have often preceded major price rallies, as traders convert stablecoins into volatile assets to seek gains.
USDT and USDC Lead the Stablecoin ExpansionStablecoin liquidity impulse, measured as the 30-day percentage change in market capitalization, has turned positive.
CryptoQuant analysts suggest this may signal an upward move in Bitcoin and the broader crypto market.
USDT’s liquidity impulse had been contracting by 2% at the beginning of 2024 but has now turned slightly positive, hinting at an uptick in crypto demand.
Meanwhile, USDC’s liquidity impulse has expanded by 20%, the fastest growth rate in at least a year.
Tether’s USDT remains the dominant player, with its market capitalization reaching $139 billion, increasing by $19 billion (15%) since November 4.
Meanwhile, USDC has experienced a strong comeback, increasing by $17 billion (48%) over the same period to reach a market cap of $52.5 billion.
The increase in liquidity and trading capital has historically coincided with crypto market rallies.
If past trends continue, an expanding stablecoin supply may contribute to increased market activity in Bitcoin and other digital assets.
Grayscale Investments has launched the Grayscale Dogecoin Trust, offering investors exposure to Dogecoin (DOGE)
Grayscale Investments has launched the Grayscale Dogecoin Trust, offering investors exposure to Dogecoin (DOGE), a cryptocurrency with a $49.7 billion market cap that has evolved from a meme coin to a tool for global financial inclusion, grassroots activism, and a viable means of payment.
The trust, which charges a 2.5% fee, is available to eligible accredited investors and is part of Grayscale's portfolio of over 25 crypto investment products.
According to Rayhaneh Sharif-Askary, Grayscale's Head of Product & Research, Dogecoin's low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions with underdeveloped banking infrastructure. The launch comes amid a flurry of applications for memecoin exchange-traded funds (ETFs) following a shift towards a more crypto-friendly regulatory environment under President Donald Trump.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
Since November, the stablecoin market has grown by almost $40 billion. As a result, the total market valuations of broader stablecoins have climbed beyond $200 billion, according to data shared by OKX Ventures today.
Stablecoins hit a $204 billion market cap As stated in the data, stablecoin liquidity has experienced an unparalleled increase, suggesting robust user demand and expanded capital influxes into the cryptocurrency market.
The data showed the total market cap of stablecoins has surged by $40 billion since November 2024. Consequently, the entire market cap of these assets has crossed $204 billion. This reflects a massive $40 billion rise since November 4, 2024, when Trump was elected as the US President.
Most growth was contributed by major stablecoins, Tether’s USDT and Circle’s USDC. Based on the data, USDC’s market cap has increased by 15% ($19 billion) since November to climb to an overall $139 billion. Meanwhile, USDC has witnessed a more tremendous rise, surging by 48% ($17 billion) over the same period to reach $52.5 billion.
The data pointed out that major stablecoins, especially USDT and USDC, function as crucial liquidity sources in the digital asset market. These stablecoins enable investment and trading through seamless fiat money accessibility without complexity or friction.
Impact of stablecoin liquidity on crypto prices Also, the data indicated that the influx of stablecoins into centralized exchanges (CEXs) has significantly strengthened investors’ optimism about Bitcoin.
Since November, the overall value of USDT on CEXs has increased to $43 billion from $30.5 billion, representing a 41% surge. Normally, increasing stablecoin inflows into exchanges signals expanded purchasing capacity, laying the foundation for Bitcoin prices to continue rising.
Historically, this increase in stablecoins inflows to trading platforms happens before Bitcoin and the wider cryptocurrency market see higher price trajectories.
As per the data, the growth of stablecoins inflows could signal a new wave of uptrend price movements in the digital asset market. This could fuel Bitcoin to surge by over 50% and the market cap of wider crypto markets to increase to $3.5 trillion from the current $2.2 trillion. In other words, the rebound of stablecoin liquidity could boost greater price rises of cryptocurrencies.
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Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
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The Bitcoin (BTC) market recorded more losses than gains in the past week resulting in a net price decline of 2.37%. Nevertheless, investors and market experts alike remain highly bullish on the premier cryptocurrency’s potential for substantial gains amidst the current bull run.
Bitcoin Ready For $150,000 Price Target – Analyst In a Quicktake post on CryptoQuant, an analyst with username Percival has touted Bitcoin to achieve a $150,000 price in the current bull cycle. Commenting on the present market state which might be unsettling to certain investors, Percival states that Bitcoin’s price trajectory, marked by sharp upward spikes and periods of consolidation, resembles the structural dynamics of any mature financial asset.
In regards to future price movement, the analyst references a Fibonacci expansion from Bitcoin’s cycle low at $15,450 in November 2022 to the consolidation at $48,934 in 2024. In translating this historical data to the current market, Percival identifies a Bitcoin price target between $136,000 – $150,000 which is further supported by data from Bitcoin Realized Price Bands – a market metric that analyses supply based on different buying levels.
Source: CryptoQuant However, for Bitcoin to trade at $150,000, the asset must attain a total market cap of $3 trillion. Currently, there is strong historical data in support of this postulation. For context, Percival explains that Bitcoin Realized Cap rose by 470% in the previous bearish cycle in 2021. Presently, the realized Cap has only grown by 111% suggesting more potential for market growth.
Furthermore, the analyst identifies possible sources of demand to drive up the projected $3 trillion market expansion, one of which is the US Bitcoin Spot ETFs.
Notably, these investment funds registered nearly $40 billion in inflow during their debut trading year in 2024. With the US expected to adopt a pro-crypto stance in the Donald Trump administration, institutional demand is also likely to surge stronger through these ETFs. In addition, Percival includes the Bitcoin Futures market which is currently valued at $95 billion as another potential bullish driver for the projected market expansion
BTC Price Overview At the time of writing, Bitcoin trades at 102,334 reflecting a 1.66% decline over the last day. However, the flagship cryptocurrency is up by 7.93% on its monthly chart after a strong positive performance in January.
According to data from the prediction site CoinCodex, market sentiments remain bullish with the Fear & Greed Index of 76 which indicates extreme greed among investors. Looking forward, the analysts at Coincodex predict Bitcoin could trade at $113, 658 and $132,823 in the next five and thirty days respectively. In particular, they project the digital asset to have crossed $150,000 in the next three months.
BTC trading at $102,410 on the daily trading chart | Source: BTCUSDT chart on Tradingview.com Featured image from iStock, chart from Tradingview
Stablecoins surpassed a market cap of $200 billion. USDT and USDC are dominating the stablecoins market. The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether).
According to a report, the stablecoin market surged by 73% from $121.18 billion in August 2023 and hit an all-time high of $211 billion. Among all stablecoins, USDT shows a robust performance.
The data suggest that the USDT and USDC are the most demanded stablecoin in the crypto market. At the time of writing USDT holds a market cap of $139.45 billion and its ATH market cap of $140 billion was registered in December 2023.
Alphractal highlights that USDC got an advantage from the recent drawdown in altcoins where investors swap their crypto holdings into USDC. The USDC market dominance indicates a similar pattern from the 2021 bull cycle. If its metric rises continuously it will probably be a bearish signal.
Stablecoins are digital assets whose value is defined through another asset, typically the U.S. dollar. It provides a stable price to investors as they should maintain their pegged value while purchasing another asset.
President Donald Trump Boosts the Stablecoins Growth As per the CryptoQuant data, the stablecoin market has grown by approximately $40 billion since Donald Trump’s victory in the US election. The growth in stablecoins indicated higher liquidity, which means that more capital is flowing into the crypto market.
Moreover, the rise in capital could lead to a higher demand for other crypto assets such as Bitcoin, and impact their price positively. The report indicates that the higher liquidity in stablecoins could signal a bull rally in the crypto market.
Highlighted Crypto News Today:
Seven People Sentenced in Manchester for Kidnapping and $124K Crypto Extortion
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For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap.
According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023.
Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating.
🚨 Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum!
Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins.
This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE
— Alphractal (@Alphractal) January 31, 2025
Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday.
Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion.
USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC.
As of today, the market cap of cryptocurrencies reached $3.41 trillion. Chart: TradingView The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs.
What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months.
Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows.
On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months.
Featured image from Gemini Imagen, chart from TradingView
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The crypto and US equities markets started the week on the worst possible note, reacting negatively to the launch of the Chinese AI platform DeepSeek. Despite the initial downturn, the Bitcoin price has since returned above the $100,000 level, moving mostly sideways to close the week.
According to a recent on-chain report, liquidity on centralized exchanges has reached a new record high, suggesting that crypto bulls now have increased buying power. The question is — can this fresh buying power push the Bitcoin price to a new high?
Impact Of Growing Stablecoins On Crypto Prices In its latest weekly report, blockchain intelligence firm CryptoQuant revealed liquidity in the crypto market has experienced a significant boost since the US Presidential election in November 2024. Liquidity in crypto is measured by the total value of circulating stablecoins, which recently reached a new all-time high.
According to data from CryptoQuant, the market capitalization of dollar-backed stablecoins surpassed the $200 billion mark last week and is currently at $204 billion, a record high. This value represents an over 22% expansion since Donald Trump’s victory in the US elections.
One major contributor to this growth is Tether’s USDT, which accounts for nearly 70% of the USD-denominated stablecoin market. USDT’s market cap currently stands at around $139 million, reflecting a 15% increase since November last year.
Source: CryptoQuant Interestingly, this expansion has been mirrored in the stablecoin balances of centralized exchanges, with the total amount of USDT on these trading platforms now at record levels. CryptoQuant revealed that the market cap of USDT on centralized crypto exchanges has increased from $30.5 billion to $43 billion in the past three months, representing a 41% increase.
Dollar-backed stablecoins are an important source of liquidity for trading on centralized exchanges. Hence, an expansion in the stablecoin supply of exchanges implies an increase in the buying power of crypto investors.
“The next leg up for Bitcoin and crypto prices could be around the corner, as the stablecoin liquidity impulse starts to expand again,” CryptoQuant noted. Moreover, a growing stablecoin market cap — especially on centralized exchanges — is historically correlated with higher Bitcoin prices.
CryptoQuant added:
USDT’s liquidity impulse (30-day % change in market capitalization) is now slightly positive after contracting by 2% at the start of 2025. A further acceleration typically drives crypto prices higher. Meanwhile, USDC’s liquidity impulse is expanding by 20%, its fastest pace in at least a year.
From a different perspetive Alex Merz, from the Blockchain Game Alliance stated: “The cryptocurrencies scene face a new era, in which online casinos accepting bitcoin and other cryptos are multipliang exponentionally their new customers, due to the recent approval of cryptocurrencies by many jurisdictions and local regulators, and because users now find a way to gamble in an anonymous way with their investment wins, thanks to the price increase.”
Bitcoin Price At A Glance As of this writing, Bitcoin is valued at around $102,400, reflecting an almost 2% decline in the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView
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Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.
Prominent on-chain analytics firm Glassnode believes that Bitcoin (BTC) has more room to run to the upside based on one on-chain indicator.
On the social media platform X, the analytics firm points to BTC’s Realized Cap, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss.
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Says Glassnode,
“Realized Cap tracks net capital inflows into Bitcoin, a key driver of bull markets. So far, it has grown 2.1x from the 2022 low – below the 5.7x peak of the last cycle. The typical euphoric phase sees a sharp acceleration, but this hasn’t fully materialized yet.”
Source: Glassnode/X Glassnode also notes that Bitcoin’s current cycle appears to be following in the footsteps of its 2015-2018 bull run, which was largely driven by spot market investors.
“Despite a much larger market cap, pullbacks have rarely exceeded -25%, reflecting strong demand, ETF (exchange-traded fund) inflows, and Bitcoin’s role as a macro asset.”
Source: Glassnode/X The analytics firm says when new demand materializes, price action tends to accelerate in a “second euphoric phase.”
“Prior cycles saw explosive growth, though a 100x rally from the low – like in 2015 – is unlikely at today’s scale. If demand strengthens, there may still be room for further expansion.”
BTC is trading at $101,807 at time of writing. The top-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours.
Meme coins often mirror the emotional extremes of market cycles, whether bullish or bearish. However, according to prominent analyst Murad Mahmudov, the success of these projects hinges significantly on their community support.
Currently, the market capitalization of meme coins shows a modest increase of 0.1%, standing at $41.48 billion. Leading this sector are Dogecoin, Shiba Inu, Pepe, Dogwifhat, Bonk, and Floki, each enjoying a strong and loyal following.
Meme coins, like memes themselves, have unpredictable lifespans and attract speculative investors, often referred to as “Degens.” These investors seek rapid profits, quickly selling off their assets and moving on to the next trend or narrative.
According to Mahmudov, the aesthetics and ticker symbol play crucial roles in a project’s development. He notes that the meme itself only contributes about 30% to a coin’s success. The remaining 70% hinges on the strength of its community. Without an active and engaged following, even the most cleverly designed meme coin is likely to fade into obscurity.
“When you’re buying Memecoins you are, first and foremost, betting on People,” he wrote.
Read more: What Are Meme Coins?
Meme coins have recorded a meteoric rise in the crypto arena, fueled by whimsical branding, viral marketing, and passionate online communities. These factors have captivated retail investors, who are drawn to the blend of humor and speculative opportunity.
Despite their lighthearted image, the success of meme coins hinges on a crucial balance between community engagement and solid project fundamentals. Whether driven by savvy investors or enthusiastic supporters, the community remains the most critical asset for these projects.
“Meme Popularity” doesn’t immediately translate to “Memecoin Market Cap”; otherwise, Wojak, Skibidi, and Hammy would be trading in the Billions already. It’s clearly more complicated than that. Meme Popularity is just one of ~50 factors to consider,” the analyst added.
Indeed, the collective belief of community members, their efforts to promote the coin, and their defense against skeptics create a strong sense of unity and momentum, which are vital for a coin’s success.
Crypto executive Justin Sun highlights the importance of capturing public attention but places even greater value on genuine community engagement. He looks beyond follower counts, focusing on the depth of interaction and support before making investment decisions.
“I will check on the real social engagement. Are those likes real, or it’s just general bullshit? Do they have lots of influence, and the people really believe them? Also, I will see the founders, see their material, and see the memes they made and the videos they made. I will see if this is the right video and the right social engagement,” Sun elaborated during a discussion on the Crypto Banter YouTube channel.
Many projects in this sector fail due to weak or non-existent community support. According to BeInCrypto, a mere 15 out of 1.7 million meme coins succeed, translating to a success rate of just 0.0001%.
Pump.Fun Coins Success Ratio. Source: NewtonEinsteinAs Mahmudov stresses out the importance of community, the crypto market remains divided between Tron’s SunPump and Solana’s Pump.fun. Although SunPump entered the market recently, it quickly outpaced competitors like Moonshot, which rivaled Pump.fun.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
However, the sector grapples with a persistent issue: rug pulls and scam tokens. These practices, where creators withdraw funds and abandon investors, continue to create unease, further eroding trust in the crypto industry.
The SUI ecosystem continues to capture investor attention this October, setting multiple notable new records.
While the recovery momentum of many altcoins has stalled, SUI has achieved a new all-time high (ATH) this month, reaching $2.16.
SUI Ecosystem Market Cap Exceeds $8 BillionAccording to CoinMarketCap, the SUI ecosystem’s market cap in October reached $8.54 billion. Of that, SUI’s individual market cap is around $5.38 billion, while First Digital USD (FDUSD) accounts for almost $3 billion. The daily trading volume across the ecosystem surpassed $6 billion, with most of it still dominated by SUI and FDUSD.
Read more: A Guide to the 10 Best Sui (SUI) Wallets in 2024
SUI Ecosystem Market Cap and Volume. Source: CoinMarketCap.Other projects within the SUI ecosystem, such as decentralized exchanges (DEXs), meme coins, and lending protocols, hold a smaller share. According to CoinGecko, the market capitalization of meme coins on SUI currently exceeds $296 million, marking a 170% increase from $108 million at the beginning of October.
Typically, investors who buy and hold SUI tend to reinvest in other protocols and meme coins within the ecosystem. This is similar to how the Solana ecosystem surged in popularity last year.
SUI Ranks Among Top 3 Altcoins by Netflow in the Past MonthMore data indicates promising signals for SUI’s continued appeal to investors in the final quarter of the year. Artemis data, which tracks capital flows into and out of various ecosystems, shows that SUI ranks third in altcoin netflow over the past month, behind only Ethereum and Solana.
Netflow by Chain. Source: Artemis.Looking at cross-ecosystem bridge transactions, SUI accounts for over 9% of the capital flow from Ethereum. These figures highlight the growing activity within the SUI network, reflecting the ongoing adoption and demand among users.
SUI Dominance Rises 270%, Reaches New High of 0.27%SUI dominance (SUI.D), which measures SUI’s share of the total market cap, has seen a significant rise. A higher dominance indicates that SUI is becoming a preferred choice among investors.
Read more: Everything You Need to Know About the Sui Blockchain
SUI Dominance. Source: TradingView.In just the past two months, SUI.D has surged 270%, hitting a new high of 0.27%. Although it has now retraced to 0.26%. This comes at a time when most other altcoins are seeing declines in market cap share while Bitcoin dominance remains high at over 56%.
“SUI is moving exactly like SOL before the massive pump,” Investor CryptoGoos predicted.
Through technical analysis, many investors are optimistic that SUI’s price could follow a similar pattern to that of SOL. However, a recent BeInCrypto analysis indicates that SUI may face significant corrections under the pressure of profit-taking from early investors.
This is because the price has increased by nearly 120% in the past 30 days. In such a scenario, investors are bound to book some profit.
