Bitcoin (BTC) dominance dips to 55.81%, down from its November 2024 top of 61.53%. Declining BTC dominance has paved the way for the altcoin season with over 75% of the top 100 altcoins outperforming Bitcoin consistently. Let’s deep-dive into top 10 beginner-friendly altcoins to buy in December 2024.
nft.news 2024-12-03 17:22
XRP whale activity hits a all-time high. Ripple whales have been actively purchasing buying 160 million tokens worth $380 million.
AMB Crypto 2024-12-03 17:00
While it is eagerly awaited when the rally will begin in altcoins that failed to show the expected performance against the Bitcoin rise, CryptoQuant CEO Ki Young Ju stated that only a few altcoins will be successful in this altcoin season. CryptoQuant CEO X shared on his account that this altcoin season will be unusual and challenging, and only a few select altcoins will be successful. Ju said that while market sentiment is positive, there is limited fresh liquidity. Stating that Bitcoin is increasingly moving away from the wider crypto ecosystem, the famous CEO stated that liquidity has not shifted to altcoins due to ETFs, MicroStrategy (MSTR) and various funds. Noting that altcoins once moved in correlation with Bitcoin, this correlation has now been broken, Ju said that only a few altcoins are attracting new liquidity and altcoins in general have started to move independently of BTC. “This alt season will not be what you expect. It will be strange and difficult. Only a select few altcoins will succeed in this rally. Market sentiment is good, but there is not much fresh liquidity. Altcoins used to move together based on their correlation with BTC, but this pattern has now broken. Altcoins now have two options: create wrapped versions like Bitcoin or establish a true internet money ecosystem using stablecoins or BTC. Altcoin investors should find an altcoin that can do either one and hold it for the long term.” *This is not investment advice. Continue Reading: When Will the Altcoin Rally Begin? How Will It Go? CryptoQuant CEO Reveals the Painful Truth!
BitcoinSistemi 2024-12-03 16:59
There were sudden and large drops in Bitcoin and altcoins on South Korean stock exchanges. The South Korean government's declaration of martial law was behind these drops. Major cryptocurrencies like Bitcoin have fallen by as much as 30% against the South Korean won since the South Korean government declared a state of emergency late on. Accordingly, South Korean President Yoon Suk Yeol declared “emergency martial law”, accusing opposition parties of weakening the government, sympathizing with North Korea and paralyzing the country's legislative process. The negative sentiment in the country spilled over into crypto markets, with cryptocurrencies such as Bitcoin (BTC), XRP and Dogecoin (DOGE), which are the most traded on local exchanges, falling by up to 30% on Upbit. However, they quickly recovered afterwards. Bitcoin fell from $96,000 to $71,000 in USDT terms in US dollars. Upbit and Bithumb have issued reports of site streaming and performance delays due to a surge in user activity following martial law. *This is not investment advice. Continue Reading: Martial Law Declared in South Korea! Bitcoin, XRP and Altcoins Experienced a Huge Drop! Here's the Latest Situation!
BitcoinSistemi 2024-12-03 16:55
Peanut the Squirrel (PNUT), a viral meme coin, was recently featured in a Coinbase tutorial video for its new Apple Pay integration, fueling speculation of a potential Coinbase listing. The 15-second video prominently featured the PNUT token, sparking excitement among crypto enthusiasts that it might soon be listed on a cryptocurrency exchange. Spotlight on PNUT: Did Coinbase Just Tease Its Next Big Listing? On December 2, Coinbase announced the full integration of Apple Pay into its Onramp app services. The integration, which requires no action from app developers, is now live for all users. The addition is designed to streamline fiat-to-crypto conversions, making the process faster and more user-friendly. Coinbase created the above 15-second video introducing its new product to its audience. In the final seconds of Coinbase’s tutorial video, the iPhone screen prominently displays Peanut the Squirrel (PNUT) as the top trending token under the “spotlight” tag. The video also reveals PNUT’s price page, featuring a glowing green chart showing upward momentum. So $PNUT has been featured on Coinbase’s new Apple Pay tutorial https://t.co/FdjX0XwycH https://t.co/OknZlCtSo3 pic.twitter.com/u8hOydo5ZQ — MoneyLord (@moneyl0rd) December 3, 2024 This subtle detail did not go unnoticed by traders on X (formerly Twitter), who quickly interpreted it as a potential hint of an upcoming Coinbase listing for PNUT. “List Coinbase soon. PNUT $30B $50B,” one user commented . The token’s price has surged in recent days, reflecting the growing hype. According to data from Coinmarketcap, PNUT has risen by nearly 12% in the past 24 hours, 11.3% over the past week, and an astounding 981.41% in the past month. The token currently has a market capitalization and a fully diluted valuation of $1.2 billion. Apple Pay, which has over 60 million active users in the United States and more than 500 million globally as of 2023, will significantly expand accessibility for Coinbase users. Coinbase Tease Fuels Hype: Could FRED Join PNUT in the Crypto Spotlight? In addition to PNUT, traders noticed the inclusion of another Solana-based meme coin in the tutorial video. This sibling token, named First Convicted Raccoon (FRED), pays tribute to Fred the raccoon, Peanut’s viral internet counterpart. Some traders believe this could also indicate a potential Coinbase listing for FRED. One trader wrote on social media, “The possibility of #Fred being listed on Coinbase excites me more. If Moodeng is listed, #Fred is not a dream.” PNUT and FRED, Solana-based meme coins , were launched in November to commemorate Peanut the Squirrel and Fred the Raccoon. The pair gained internet fame through an Instagram account run by Mark Longo, who rescued Peanut after a car accident. However, their story took a tragic turn when the New York City Department of Environmental Conservation confiscated the animals following anonymous complaints. The department allegedly euthanized Peanut and Fred, sparking public outrage and criticism of government overreach. Among the critics was Elon Musk, who weighed in on the situation. The crypto community responded by creating these meme coins as a tribute to the two iconic animals, ensuring their legacy lives on in digital form. The post Coinbase Sparks PNUT Listing Speculation with Apple Pay Tutorial appeared first on Cryptonews .
cryptonews 2024-12-03 16:46
The post Justin Calls TRX ‘The Next XRP’, Will TRX Follow XRP’s Price Trajectory? appeared first on Coinpedia Fintech News The Tron price has been witnessing strong gains today as it gained more than 15% today. Moreover, the comments from Tron founder Justin Sun on X have further triggered discussions in the market, particularly after the remarkable XR rally. Lets find out what it is. In a series of X posts , Justin Sun has compared TRX with Ripple’s XRP and called TRX the ‘next XRP’ which has caught the eyes of the crypto community. In a separate post, he again duplicated a similar sentiment and said “TRX=XRP”. This comparison with XRP, which has recently witnessed massive rallies, has fueled discussions in the broader crypto market. The rally of over 15% in TON’s price has captured the eyes of investors today. Various factors could have contributed to the recent gains in the crypto’s price. The recent shift towards the altcoins and the rising institutional and retail interest might have led to the gains. Also, TRX recently broke $20 billion in market cap. Its one-day trading volume has skyrocketed a massive 116% to $2.49 billion. It is up 23% over the last seven days while witnessing a monthly surge of around 44%. Will TRON Follow XRP? XRP recently made it to the top 3 list of cryptocurrencies by surpassing Tether in market cap. It witnessed massive gains over 80% in the past week. Also, XRP price was one of the top-performing assets in the digital assets space last month. Moreover, a flurry of positive developments of Ripple, including Gary Gensler’s resignation news, XRP lawsuit advancements, XRP ETF filings by top players, and others, might have contributed to the recent gains. XRP’s resurgence follows years of consolidation driven by the extended Ripple-SEC lawsuit, which restricted its price trajectory until now. Meanwhile, TRX has shown steady growth over the years, surpassing its 2021 high of $0.184. Technical Patterns Align These technical breakout patterns align with Sun’s optimistic outlook, indicating that TRX may mirror XRP’s growth trajectory. TRX is now setting its sights on its all-time high of $0.30, a milestone that could validate its long-term bullish possibility. Therefore, the comparison has not only gained investors’ attention but has also sparked discussions among investors if the Tron price would follow the same path as XRP, especially with Sun’s recent X posts.
coinpedia 2024-12-03 16:46
Coinbase, the largest cryptocurrency exchange in the United States, has added the altcoin MOG Coin (MOG) to its roadmap for listing, according to its official statement. “Assets added to the roadmap today: MOG Coin (MOG)” Assets added to the roadmap today: MOG Coin (MOG) https://t.co/rRB9d3hSr2 — Coinbase Assets (@CoinbaseAssets) December 3, 2024 *This is not investment advice. Continue Reading: JUST IN! Coinbase Adds New Altcoin to Listing Roadmap!
BitcoinSistemi 2024-12-03 16:37
LINK gained 27% in a single day after announcing the integration of an EU-based tokenized asset service, which resulted in a massive surge in user activity.
CoinTelegraph 2024-12-03 16:34
The post Bearish Clouds Hover Over Solana (SOL) Price Rally—Will it Plunge Below $200? appeared first on Coinpedia Fintech News The crypto markets are gearing up with popular altcoins printing massive gains in the past few days. With XRP & ADA prices rising above $1 after a long time frame, the momentum appears to have shifted in favour of bulls. Meanwhile, Solana, which demonstrated monstrous moves in the recent past, is failing to gain trader’s attention as the price is slipping from its November highs. Solana surged heavily, entered the top 5 cryptos and became the 4th largest crypto with a market cap of over $120 billion in a short while. With this, the bears intensified their action, causing a notable pullback in the SOL price , which dropped by nearly 20%. After this move, the token also faced a drop in its social volume, specifically the sentiments. The number of mentions dropped drastically, suggesting the traders are no longer interested in the token. With this, will the demand for the token also drop as the technicals have also turned in favour of the bears? If yes, is the SOL price heading back to $200? The token again failed to breach through the upper resistance of the rising parallel channel that it has held since the start of the year. Previously, it has resulted in a massive pullback, which raises the possibility of a similar price action as the technicals are also mirroring the previous pattern. The MACD was bullish until the SOL price surged above $200 in Q1 2024 but soon after that, the buying pressure faded, followed by a bearish crossover of the MACD & signal line. The weekly chart of SOL price suggests the buying pressure has dropped in the past couple of weeks, which has kept the price consolidated. Moreover, the levels are heading for a bearish crossover. Additionally, the drowning RSI validated the bearish claim, which suggests the price could be heading below $200 if the bulls continue to remain passive. However, the selling volume remains lower compared to the buying, which suggests the bearish strength may be lower than that of the bulls. Therefore, the Solana price continues to remain under bearish pressure, carrying the possibility of a massive pullback. However, if the bulls fail to defend the support at $200, the token may drop towards the pivotal support at $185, which was one of the important resistances to achieve previously.
coinpedia 2024-12-03 16:28
On Tuesday, bitcoin hovered just below the $95,000 mark, while numerous alternative cryptocurrencies enjoyed a wave of impressive gains. This trend triggered blockchaincenter.net’s Altcoin Season Index (ASI) to announce that “Altcoin Season” has officially arrived. Altcoin Season Arrives At 8 a.m. Eastern Time on Tuesday, Dec. 3, blockchaincenter.net’s Altcoin Season Index (ASI) lit up with
Bitcoin.com 2024-12-03 16:20
While XRP has been sweeping the market with its unstoppable rise in recent days, many altcoins are expected to be next in line. One of these altcoins was Tron (TRX). Tron (TRX) founder Justin Sun stated in his posts on his X account that TRX will be the next XRP. TRX=XRP — H.E. Justin Sun (@justinsuntron) December 3, 2024 Following these posts by Justin Sun, the Tron price recorded a solid rise today and rose by more than 15%. Along with the Tron price, its market value also increased and exceeded $20 billion. TRON's market cap has reached a new all-time high, surpassing $20 billion, according to CoinMarketCap data. This record level in TRX came after Tron founder Justin Sun invested $30 million in Donald Trump-backed altcoin project World Liberty Financial (WLFI) at the end of November and announced that he was the project’s largest investor. Related News: Tron (TRX) Founder Justin Sun Joins Donald Trump's Team! *This is not investment advice. Continue Reading: What's Happening With Tron? Will It Be The Next XRP? What's The Source Of The Rise As TRX Breaks Records?
BitcoinSistemi 2024-12-03 16:19
Rekt Capital sees potential altcoin market surge linked to Ethereum's price movements. Bitcoin's performance is vital for capital flow towards altcoins. Continue Reading: Rekt Capital Predicts Altcoin Market Surge Linked to Ethereum’s Performance The post Rekt Capital Predicts Altcoin Market Surge Linked to Ethereum’s Performance appeared first on COINTURK NEWS .
CoinTurk News 2024-12-03 15:44
JUST IN! Coinbase Adds New Altcoin to Listing Roadmap!
