Ripple’s XRP Turns Into Red Sea

Posted on January 20, 2025January 20, 2025 by Olumide Adesina

XRP posted heavy losses at the start of Monday’s trading session. The altcoin was down by more than 5% amid ongoing market correction.

The token traded near the $3 support line and showed buyers stressed signs as short sellers became bolder to break in.

Traders are increasingly assessing XRP’s correction using technical indicators like Bollinger Bands. XRP is getting closer to the top band on the daily and weekly charts, increasing the probability of a pullback. Indicators suggest that there may be significant price fluctuations amid the ongoing market correction.

If the current median supports the price, a 10 percent drop is feasible; if the downward trend continues, XRP could lose up to one-third of its value.

If the appeal was terminated, the uncertainty influencing XRP price trends would be eliminated. On the other hand, if the Programmatic Sales of XRP ruling is successfully appealed, US cryptocurrency exchanges may delist XRP to avoid being subject to SEC regulation, which could lead to more sell-offs.

Consequently, Bitcoin suffered heavy losses in Monday’s trading session. The top cryptocurrency momentarily fell below $100,000, a 4–5% decrease over 24 hours. According to Binance data, ADA and DOGE experienced double-digit losses, while ETH SOL and BNB turned the crypto space into the Red Sea

Trump’s memecoin launch is seen by many analysts and executives in the crypto industry as a sign that the sector will grow significantly under the next president. The launch of the meme coin has been described by others as a political “grift” as many other celebrity meme coins will probably see a sharp decline in value.

TRUMP Token Crash After Melania Trump Launches Token

Posted on January 20, 2025 by Olumide Adesina

Trump’s meme coin skyrocketed before plummeting in a spectacular crash, shocking the cryptocurrency world.

Its diluted market value soared to an incredible $75 billion when it was listed on Binance, placing it among the top 20 cryptocurrencies by market capitalization. The thrill, though, didn’t last long. Trump’s token lost almost 40% of its value in the minutes following the announcement, and many traders, including those who had previously purchased Trump tokens, promptly sold their holdings to invest in the new $MELANIA coin.

Analysts noticed that the price of Trump’s token had fallen by $7.5 billion within hours of the coin’s launch on Binance. The incoming first lady Melania Trump unveiled her meme coin,$MELANIA later in the evening. Her husband’s $TRUMP meme-coin temporarily lost 50% of its value due to this new coin.

According to a MELANIA token website that Mrs. Trump shared, the meme coin was created to show “engagement” and “support” and is “not intended” to be an investment opportunity. According to the website, the token team has received 35% of the tokens, with the remaining 20% going to the community and treasury.

Ten percent was set aside for liquidity, and fifteen percent was made available to the general public. Bubblemaps, a blockchain analytics platform, stated nearly 90% of the token supply is in a single wallet, which contradicts the stated token distribution.

Binance,Coinbase Rush To List TRUMP Token

Posted on January 19, 2025January 19, 2025 by Olumide Adesina

Coinbase and Binance announced that the “official” meme coin of the second Donald Trump administration will be available on their platform.

Coinbase announced its intention to list the TRUMP token. It announced through its Coinbase Assets X account, which offers details on new assets; however, the exchange did not specify a specific listing date. Binance announced that it would begin trading the TRUMP token on January 19.

The token is also available on other centralized exchanges, including Bitget, KuCoin, and Kraken. Its market value is slightly over $8 billion, and its trading volume is roughly $15 billion.

TRUMP’s token introduction on the Solana blockchain has rapidly gained widespread attention, taking over social media and igniting a flurry of discussions, misunderstandings, and FOMO (fear of missing out).

According to the $TRUMP website, CIC Digital, a Trump Organization affiliate, and Fight Fight Fight, a co-owned company, control 80% of the coin.

The release of the meme coin, which coincides with Trump’s impending inauguration, has increased interest as questions about the new administration’s potential impact on cryptocurrency continue to arise.

The cryptocurrency community waits for Trump’s policies as he gets ready to take office and how they might affect digital assets in the future. The dramatic debut of $TRUMP is only the beginning, and many people await further developments in the days ahead.

President Trump intends to issue executive orders regarding Bitcoin and the larger cryptocurrency sector. One of the main objectives of his campaign was promoting a more lenient regulatory framework for digital currencies.

XRP Might Be Bigger Than Ethereum

Posted on January 18, 2025January 18, 2025 by Olumide Adesina

Messari’s Sam Ruskin cited post-election momentum, the rotation toward “boomer coins,” and a possible XRP ETF filing as the main reasons XRP might overtake ETH.

According to Ruskin, the market capitalization of XRP may overtake Ethereum’s market value. Ruskin made his audacious prediction in a post on X, citing increasing investor interest and a 460 percent increase in XRP’s price since the 2024 election.

Ruskin attributes recent gains in XRP to macroeconomic factors and sector-specific catalysts. These include Donald Trump’s inauguration and those speculating about cryptocurrency initiatives based on XRP.

Ethereum faces obstacles like intensified competition from layer-2 scaling solutions and alternative blockchains such as Solana, Solana, and XRP. Unlike Ethereum, XRP has a more cohesive community and a distinct vision regarding its part in the financial sector’s future.

However, recent fundamentals show the Ripple-based token faces tough resistance.

The chief legal officer of Ripple Labs has criticized the US Securities and Exchange Commission’s arguments in its appeal of a federal court judge’s decision in its partially unsuccessful case against the company.

The SEC contended that a New York District Court erred in concluding that XRP sold to individual investors was not an unregistered security offering in a filing with the Second Circuit Appeals Court. It requested that the appeals court reverse the July 2023 decision of Judge Analisa Torres and classify XRP sales to retail investors as unregistered securities.

The SEC further contended that XRP, which was given as employee compensation and in business transactions, was incorrectly not included in the list of securities.

President Donald Trump Launch Meme Coin ‘TRUMP’

Posted on January 18, 2025January 18, 2025 by Olumide Adesina

President-elect Donald Trump declared the launch of the meme coin “TRUMP” but there are also worries about the potential for account theft.

“I introduce my official meme coin ‘TRUMP’,” Trump said on his social media platform, Truth Social, today. You can buy it from the homepage.

“TRUMP is based on Solana (SOL), according to the information presented on the homepage. 200 million will be issued initially, and 1 billion TRUMP will be distributed over three years. TRUMP showed a remarkable surge, reaching $9 at the time of publication. It has a $2.06 billion market valuation.

Crypto traders jumped on board, creating trading volume worth hundreds of millions of dollars while security specialists and on-chain detectives searched for warning signs. \

However, it seems genuine because Trump’s X and Truth Social posts are still active after more than an hour, and some early concerns were dispelled upon closer examination.

There was skepticism, confusion, and excitement immediately following the launch. This is because the project featured all the recognizable elements of numerous celebrity meme coin scams that have surfaced in the past year.

When the X post appeared on his official account after the Truth Social post, worries started to fade. Additionally, as of this writing, there has been no dump and the coin has primarily only pumped thus far.

Bitcoin Breaks $104K, Trump Plans Crypto Order

Posted on January 17, 2025January 17, 2025 by Olumide Adesina

President-elect Donald Trump may issue an executive order making cryptocurrency a national priority as early as the first day of his new term, causing Bitcoin to rejoin the cryptocurrency rally on Friday.

The flagship cryptocurrency increased by over 4% for the last day, trading at $104,000 as seen on Binance. Coinbase and Robinhood, two exchange operators, saw their shares rise roughly 5% and 3%, respectively.

The bullish run comes after a report that surfaced late Thursday suggesting that Trump might establish the advisory council for crypto assets, providing the sector with a voice in his administration.

The New York Times said the same day that talks regarding a potential executive order that would address various aspects of crypto policy included a bitcoin stockpile.

Trading platforms gain from trading activity in small-cap cryptocurrencies.

There has been an increase in demand for higher-risk, smaller-cap coins; Litecoin has risen by more than a fifth in the last two days In anticipation of Trump’s inauguration.

Additionally, Trump stated that he intends to make cryptocurrencies a national priority, and contemplated establishing a strategic government Bitcoin stockpile, akin to the U.S. current oil and gold reserves to bolster the U.S. S. financial environment.

Trump, a former skeptic of cryptocurrencies, embraced the sector, igniting hopes for broader adoption of digital assets and less stringent regulations. the cryptocurrency community will host the “Inaugural Crypto Ball” today to help Trump fulfill his pledges after taking office in January,

Forex Signals Brief January 17: Higher China GDP Data Doesn’t Help Commodity Dollars

Posted on January 17, 2025January 17, 2025 by Skerdian Meta

Today the Chinese data was impressive, with the GDP beating expectations in Q4 of 2024, but commodity dollars declined nonetheless. Continue reading “Forex Signals Brief January 17: Higher China GDP Data Doesn’t Help Commodity Dollars” →

Stellar Lumens (XLM) Follows Ripple (XRP) path

Posted on January 17, 2025January 17, 2025 by Olumide Adesina

Stellar Lumens (XLM) posted a strong bullish move this week as it withered from a prolonged accumulation phase following XRP’s path. Stellar’s (XLM) impressive 23% weekly increase has caused a stir in the cryptocurrency market. the token is trading at $0.49 with a market value of $15 billion.

Most of its technical indicators display bullish signals amid high buying pressure in the crypto space. XLM is predicted to range from $0.45 -$0.55 this month.

Bookmarkers argue that XLM can replicate XRP’s impressive surge amid high buying power and fundamental alignment in the space

Stellar’s gains have been consolidated within a symmetrical triangle pattern following massive gains in November 2024. XLM recently broke above this bar to the upside with high volumes, and this technical formation frequently indicates a period of consolidation before a breakout.

The breakout above the $0.45 level is a positive sign, and analysts are projecting a price target of $1 based on the pattern’s height. The ability of XLM to hold above these critical levels will be essential to sustaining this momentum, as the moving averages confirm that the stock is in a bullish phase.

The token encounters a crucial resistance level at $0.5. A breach above that resistance line can push it towards $0.55 and $0.64. However, XLM might experience a correction if it can’t overcome this resistance area.

Stellar is a blockchain that connects people through financial systems. Jed McCaleb and the Stellar Development Foundation founded it in 2014, and it makes international transactions easier.

Stellar facilitates money transfers to family members overseas and large business payments. Its goal of ensuring that financial services are available to everyone, particularly those who are not served by traditional systems, is what sets Stellar apart.

Phantom Wallet Worth $3 Billion

Posted on January 17, 2025 by Olumide Adesina

Phantom wallet, a digital asset wallet, is valued at $3 billion after raising $150 million in a Series C funding round led by venture capital firms Sequoia Capital and Paradigm. The $3 billion valuation represents a 150 percent increase over the $1.02 billion it received from its January 2022 Series B funding round of $109 million.

Additionally, Variant and Andreessen Horowitz were involved in the funding round. Making cryptocurrency more user-friendly, accessible, and secure for all has always been our goal.

‘We can invest more in innovation and eventually modernize consumer finance thanks to this most recent round of funding,” stated Brandon Millman, CEO of Phantom, in the Jan. announcement of 16.

The cryptocurrency wallet service provider said it would use the $150 million to make peer-to-peer payments easier for its users and introduce its soon-to-be social discovery feature.

Phantom has 15 million monthly active users and manages over $20 billion in swap volume annually. The cryptocurrency wallet service provider asserted that its trading volumes and revenue for the last two months of 2024, when Republican Donald Trump won the US election, were “many times higher” than those of rivals MetaMask and Coinbase Wallet.

Phantom momentarily rose to the second-most popular app in November in the utilities section of the Apple App Store. Millman, Chris Kalani, and Francesco Agost, the chief technology officer, founded Phantom in San Francisco, California, in 2021. Additionally, Phantom offers non-custodial services to users who want to protect their non-fungible tokens.

Forex Signals Brief January 16: Can Retail Sales Extend the Bullish Reversal in the USD?

Posted on January 16, 2025January 15, 2025 by Skerdian Meta

Yesterday the USD declined after the CPI inflation but reversed soon and ended the day higher. Today retail sales might extend the bullish move if they beat expectations for December.

Continue reading “Forex Signals Brief January 16: Can Retail Sales Extend the Bullish Reversal in the USD?” →