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The TRUMP meme coin, a cryptocurrency themed after former President Donald Trump, has gained attention due to its recent listings on major exchanges. Pro-XRP lawyer John Deaton, known for his involvement in high-profile cryptocurrency cases, shared his views on the controversy surrounding the listing of TRUMP coin by prominent exchanges like Coinbase and Kraken.

John Deaton Defends TRUMP Coin Exchange Listings

Pro-XRP lawyer John Deaton has decided to address the criticism aimed at the exchanges for listing the TRUMP meme coin. Some people in the industry have criticized the inclusion of the token on exchanges such as Coinbase and Kraken based on ethical and legal considerations. However, Deaton further said that if he was still practicing as a lawyer, he would have recommended the token to be listed in these exchanges.

John Deaton stated that the enforcement approach used by the Securities and Exchange Commission (SEC) could be a concern if a token linked to a former U.S. president was being traded. 

He said,

“How could the SEC, in good faith, continue prosecuting Coinbase and Kraken for selling crypto tokens when they sell a crypto token issued by the President of the United States?”

TRUMP Coin’s Market Volatility and Public Reaction

Since the time that the TRUMP meme coin was launched on the market it has been quite volatile. Pump and dump schemes have also been noted, where the token was first traded up, but then faced competition from other meme coins including MELANIA. 

Crypto analyst, Ali Martinez noticed a falling wedge on the lower time frame chart of the coin, indicating that there might be a TRUMP Coin price bounce back from the current consolidation phase.

The listing of TRUMP coin has also attracted controversy among the cryptocurrency community and in financial circles. Shark Tank investor Mark Cuban, who was less than impressed by the token, described it as “stupid and embarrassing” nonetheless, he conceded that it demonstrated a change in the US’s fintech stance towards allowing more innovation. Cuban also shared that he wants to establish his meme coin, and all the income generated from it will go to the U.S. Treasury to help pay off the national debt.

John Deaton Calls for Transparency and Charitable Use of Profits

Pro-XRP attorney John Deaton also gave unsolicited advice to Donald Trump and his advisors on the profits from the TRUMP coin. He proposed that any excess revenue should be spent on the American citizens who have been impacted by disasters such as hurricanes and wildfires.

“This would prove the potential of blockchain technology as positive while putting America first and ensuring that President Trump’s administration leaves a mark,” Deaton said. He noted that such an initiative can help to demonstrate how the concept of cryptocurrency can be harnessed in the solving of social problems.

John Deaton also added that Trump has become a billionaire on paper and therefore, has other options open to him after the presidency. He noted that redirecting the profits of the token could be a brilliant chance for the US president to use blockchain for the benefit of the society.

Growing Scrutiny of Meme Coins in the Crypto Industry

The listing of TRUMP coin comes at a time when meme coins are drawing both interest and skepticism in the crypto space. While the coin has achieved high trading volumes on platforms like Binance and Robinhood, its long-term viability remains uncertain. 

Critics argue that such tokens could harm the reputation of the cryptocurrency industry, while supporters see them as a way to expand innovation.

Coinbase categorized the TRUMP coin as an “Experimental” asset, warning users about its volatility and risks. Kraken also faced backlash for its decision to list the token, though both exchanges have maintained that their platforms aim to provide access to diverse digital assets.

The post Pro XRP Lawyer John Deaton Comments On Exchange Listings Of TRUMP Coin appeared first on CoinGape.

20 Jan 2025, 6:54 pm

The TRUMP meme coin has captured market attention following its price movements during and after President Donald Trump’s inauguration. Technical analysis from Ali Martinez suggests a potential bullish breakout as the cryptocurrency forms a falling wedge pattern, indicating possible price recovery after consolidation.

TRUMP Meme Coin Forms Bullish Pattern Amid $54 Breakout

Crypto analyst Ali Martinez observed a falling wedge pattern forming on lower timeframes for the TRUMP meme coin. This technical pattern is often regarded as a bullish reversal signal, with diminishing selling pressure and a likelihood of a breakout. 

Martinez forecasts that after a consolidation phase near the wedge’s apex, the new meme coin could rebound toward $54, reflecting an upward momentum.

Following the meme coin launch, the TRUMP token experienced intense market activity, reaching a 24-hour high of $60. By the day’s end, it had declined to $40.25, reflecting a sharp drop in value. This 11% price drop, was accompanied by $31.82 billion in trading volume, suggesting heightened trader interest despite the downturn.

Falling Wedge Signals Potential Reversal

The falling wedge pattern observed in the TRUMP meme coin signals a reduction in selling pressure, indicating a forthcoming bullish move. This consolidation phase is crucial in determining the token’s next direction.

The token’s market capitalization currently stands at $8.05 billion, with a circulating supply of 200 million tokens. The high trading activity and reduced selling pressure add to the potential reversal.

However, despite the bullish prediction, the meme coin price saw its value drop sharply to $35.87, a 27.33% decline in 24 hours.

Meme Coin Launch Raises Concerns

The TRUMP meme coin, launched during inauguration festivities, has sparked regulatory and ethical concerns. Four-fifths of the token supply is reportedly controlled by affiliated entities, raising questions about market manipulation. Critics argue that such high ownership concentration could influence the token’s price movements and long-term stability.

More so, a recent CNBC report revealed how the inauguration weekend made the first family billions of dollars richer. The TRUMP meme coin, launched Friday night, soared to a $14 billion market cap. $MELANIA, launched Sunday, reached $2 billion in value. World Liberty Financial, endorsed by the family, raised over $300 million through token sales, further boosting their net worth.

Additionally, while the token’s launch gained attention, some analysts caution against speculative investments in meme coins due to their volatility. 

Mark Cuban contributed to the building concerns, stating that the meme coin poses regulatory and ethical challenges, particularly with President Donald Trump serving as both issuer and investor. He highlighted the conflict of interest this creates, warning it could confuse regulators and undermine investor confidence. Cuban further criticized the lack of safeguards for investors and argued that such projects risk damaging the crypto industry’s efforts 

Despite the excitement around the TRUMP meme coin, President Donald Trump did not mention cryptocurrencies in his inauguration speech.

The post Is TRUMP Meme Coin Poised For a $54 Breakout Post-Inauguration Day? appeared first on CoinGape.

20 Jan 2025, 5:06 pm

Coinbase cryptocurrency exchange has announced its decision to list the Donald Trump-themed cryptocurrency, TRUMP, on its platform. The token, which operates on the Solana blockchain, is categorized as an “Experimental” asset and will be available for trading in regions where Coinbase offers support.

This comes in the wake of the company’s decision to include meme coins in its list of offered currencies, even as experts continue to raise questions over the sustainability of such digital assets. To avoid a loss, users have been advised to send TRUMP tokens only through the Solana network.

Coinbase Announces Support For TRUMP Meme Coin

Coinbase has included the TRUMP meme coin, developed on the Solana network, in the “Experimental” asset category. These are often used with assets which have limited trading history or have high levels of price fluctuations. 

In the official announcement made by Coinbase, it was stated that deposits, withdrawals, and trading for TRUMP will be available on Coinbase and Coinbase Exchange. However, the exchange admitted that transaction processing for Solana-based assets including TRUMP had been slowed down due to network congestion.

Coinbase has also shared the Solana network contract address for TRUMP token to avoid any suspicion. Users are encouraged to use the following address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN for all transactions to avoid loss of funds.

Market Activity and Reactions to TRUMP Token

Since its launch, the TRUMP token has attracted massive trading activity and large value transfers between wallets. According to Whale Alert, a blockchain tracking service, more than 1.6 million TRUMP tokens worth $67.4 million were transferred between two anonymous wallets.

Even though the token has a high trading volume, the market performance has been quite volatile having been listed by both Binance, and Robinhood. TRUMP was in the red by double digits following the introduction of a close competition meme coin called MELANIA. This led to criticism from key personalities in the financial and crypto industries, such as investor Mark Cuban, who doubted the token’s sustainability.

Balaji Srinivasan, a crypto enthusiast, called such tokens as TRUMP meme coins and pointed out the fact that they are very much risky. He said, “Every purchase order in such coins has an answer from a seller and this leads to price drop.” Srinivasan also stressed that the best coins are those with intrinsic value, despite the fact that some meme coins have gained communities.

Concerns Over Meme Coin Sustainability

Meme coins have faced scrutiny for their speculative nature and the potential risks they pose to late investors. The launch of TRUMP and similar tokens has reignited discussions about their long-term sustainability in the market especially with Donald Trump failing to mention crypto as top priority as he took office.

Skeptics have claimed that many meme coins rely on marketing and hype to draw investors, but such tokens may lack substantive use cases and sustainable value.

Edward Dowd, the founder of Phinance Technologies, called the TRUMP market drop a mistake that could have been avoided and questioned its sustainability. The recent swings in the prices of TRUMP and MELANIA have only compounded these fears, with more people urging retail investors to be more careful.

The post Coinbase Announces Support For Donald Trump’s TRUMP Meme Coin appeared first on CoinGape.

20 Jan 2025, 2:20 pm

President Donald Trump, through the White House, has designated Mark Uyeda, a current Commissioner at the US Securities and Exchange Commission (SEC), as the agency’s acting Chairman. Mark Uyeda’s appointment was one of the first on the president’s first day in office.

Mark Uyeda as US SEC Acting Chair

The newly appointed Mark Uyeda entered the US SEC as a Commissioner on June 30, 2022, establishing a clear stance as a pro-crypto regulator. The White House communique revealed his appointment as acting chair alongside 14 other federal US agencies. The announcement did not define how long Mark Uyeda will remain acting Chair of the US SEC.

Former Chairman Gary Gensler officially left the agency weeks after he announced his resignation. As reported earlier, President Trump has nominated Paul Atkins to lead the securities regulator more permanently. Mark Uyeda will likely continue acting as chairman until Atkins is confirmed and cleared by lawmakers for a takeover.

As he served alongside Gary Gensler, Uyeda has always maintained a different ideology regarding the crypto ecosystem. With Gensler’s departure, the acting chair is expected to change course from the past administration’s tough stance on capital markets.

While the acting chairman’s role is multifaceted, Mark Uyeda may focus on management and leadership. Paul Atkins’s potential resumption is pending, and he will also ensure market stability.

Industry Reaction To the Appointment

Following Gary Gensler’s departure, the US SEC’s website has been updated, with only three commissioners left. Pro-crypto lawyer MetaLawMan shared this update on X, noting that the new era at the SEC is official.

It’s Official! New Era at SEC Has Begun.

The SEC website confirms there are officially three Commissioners at the SEC, with the departures of Gensler and Lizarraga.

The SEC is authorized to take action on any matter with a quorum of 3 and a 2-1 vote.https://t.co/OWTc5z9eE8

— MetaLawMan (@MetaLawMan) January 20, 2025

Commissioners Hester Peirce and Caroline Crenshaw will support Mark Uyeda. While Peirce’s term will expire this year, that of Crenshaw ended last year. As reported earlier by Coingape, the US Senate canceled Crenshaw’s renomination hearing after backlash from the crypto ecosystem.

Only Mark Uyeda will serve until 2028. Based on the current structure of the US SEC, the number of pro-crypto commissioners outshines the anti-crypto regulator. This imbalance can stir many positive changes in the industry at this time.

Caroline Pham for US CFTC Chair

While not captured in the White House update, the President appointed Caroline Pham as the Commodity Futures Trading Commission (CFTC) Chair. The appointment has been affirmed by CFTC Commissioners, with Pham also stating to confirm the appointment.

Caroline Pham also has a positive ideology regarding the crypto ecosystem. Together, both Mark Uyeda and Caroline Pham are considered a positive signal that a new era is dawning for the industry.

The post Mark Uyeda Designated As Acting Chairman of US SEC: White House appeared first on CoinGape.

20 Jan 2025, 1:38 pm

The crypto market was shaken by allegations surrounding a pump-and-dump scheme involving Solana meme coins allegedly linked to the Cuban government. The ‘CUBA’ meme coin, launched unexpectedly, initially reached a market capitalization of $30 million before its abrupt disappearance raised concerns.

Solana Meme Coin Linked to Cuba Sees $30M Cap Before Disappearance

According to recent reports, a Solana meme coin named ‘CUBA’ rapidly gained attention, hitting a $30 million market cap shortly after its launch. The unexpected token release raised speculation about its authenticity, with trading volumes surpassing $158.7 million in hours. However, the coin’s sudden disappearance left investors grappling with unanswered questions.

The quick rise and fall of the token have drawn criticism from the crypto community. Investors are questioning whether the launch was an attempt to manipulate top meme coin, with some linking the activity to Cuban state entities. However, no official statements have clarified the allegations.

It is worth noting that the new President, Donald Trump, has ventured into the crypto arena by launching his Solana meme coin. As he was sworn in for his second term, the TRUMP meme coin market cap soared to an impressive $10 billion. This bold move reflects Trump’s ongoing interest in digital currencies.

Cuban Government Allegedly Linked to Rug-pulls

More so, the Cuban-linked meme coin on Solana has sparked skepticism following allegations of rug-pull schemes. Reports indicate that three tokens, including the ‘CUBA’ memecoin, were launched in quick succession. Each token reportedly gained traction before collapsing, with losses amounting to millions of dollars.

More so, according to reports, the official X account of Cuba’s Ministry of Foreign Affairs, which allegedly promoted these tokens has been locked. This development has added to the controversy, with investors suggesting potential state involvement. Experts are also investigating whether hackers compromised the account during the token promotion period.

Scrutiny Grows Amid Meme Coin Trends

The surge in Solana meme coin activity has drawn attention to the broader market’s vulnerability to speculative launches. The controversy surrounding the ‘CUBA’ token follows a trend of high-risk investments in meme coins.

More so, the recent release of the Official Trump memecoin, which gained widespread attention for its rapid price swings. While the Trump meme coin saw notable adoption, the fallout from rug pulls has amplified the call for oversight.

Additionally, Mark Cuban critiqued the recent meme coin trend, particularly targeting the TRUMP memecoin for its potential to undermine the crypto market. He emphasized the conflict of interest and regulatory dilemmas posed by a sitting President promoting such an asset. 

However, despite the allegations of regulatory scrutiny and market manipulation, Robinhood has added the TRUMP meme coin to its trading platform. This inclusion boosts investor interest and helps legitimize meme coins in the financial ecosystem.

The post Solana Meme Coin Scandal: Did Cuba Spark a $30M Pump-and-Dump Scheme? appeared first on CoinGape.

20 Jan 2025, 1:16 pm

Shiba Inu price has surged an impressive 130% over the past year, demonstrating resilience amid market fluctuations. Despite slight corrections, SHIB continues to trade above $0.00002, maintaining bullish momentum. The recent market rally, driven by Bitcoin hitting a new all-time high, has fueled optimism across cryptocurrencies. With Trump’s inauguration, speculation arises about Shiba Inu potentially revisiting its all-time high.

Will Trump’s Inauguration Propel Shiba Inu Price to ATH?

In a historic moment, Donald Trump was inaugurated today as the 47th president of the United States. This development has sparked speculation in the cryptocurrency market, raising questions about its impact on digital assets like Shiba Inu price.

Historically, political events of this magnitude have influenced global financial markets, including cryptocurrencies. Analysts suggest that such events often lead to heightened investor activity and market volatility.

Notably, Bitcoin recently achieved a record high of $109,000 before experiencing minor corrections. This milestone underscores the market’s resilience and its potential to thrive amidst political shifts. Many other cryptocurrencies have also experienced significant price increases, fueling optimism across the industry.

Shiba Inu, a popular meme token, remains 76.71% below its all-time high of $0.00008845, recorded on October 28, 2021. Despite this gap, the renewed market enthusiasm driven by Trump’s inauguration could present opportunities for SHIB to recover and potentially reach new heights.

SHIB Technical Analysis

At the time of writing, the SHIB price is trading at $0.00002055. The cryptocurrency has seen a slight increase of 1.10% in the last 24 hours, signaling some buying activity. However, market indicators suggest mixed trends for the token.

The Relative Strength Index (RSI) is currently at 42, below the neutral 50 level, suggesting bearish sentiment. However, it remains above the oversold territory, indicating a possibility for a recovery if buying pressure increases. 

The MACD (Moving Average Convergence Divergence) is also displaying a bearish crossover, with the MACD line trading slightly below the signal line. This points to weakening bullish momentum in the market.

If Shiba Inu price prediction breaks above $0.00002454, the next target would be $0.00002707. A sustained rally could push the price to $0.00003000, a key psychological resistance level. A breakdown below $0.00001964 could drag the price to $0.00001700. If selling pressure intensifies, the next downside target would be $0.00001500.

Shiba Inu’s price recovery potential depends on market dynamics and investor sentiment driven by political events. While Trump’s inauguration fosters optimism, SHIB faces significant resistance levels before reclaiming its ATH.

The post Will Shiba Inu Price Hit ATH After Trump Inauguration? appeared first on CoinGape.

20 Jan 2025, 12:51 pm

Billionaire entrepreneur and investor Mark Cuban has fiercely criticized the TRUMP memecoin, which has garnered significant attention following its release around the time of Donald Trump’s inauguration as President. Cuban’s comments have sparked heated debates about the coin’s legitimacy and its implications for the crypto industry’s future.

The TRUMP memecoin, which has demonstrated considerable volatility since its launch, has divided opinions, with some seeing it as a blockchain use case, while others, including Cuban, argue it could damage the credibility of the crypto space.

Mark Cuban Dismisses TRUMP Memecoin as Speculative

Mark Cuban has also joined the fray in criticizing the TRUMP memecoin and referred to it as a self-serving project with no real value. Mint it, print it, sell it and f*** it. That is a prescription for the world you are proposing,” Cuban said in his post.

Mark Cuban said that memecoin encourages people to invest in anything without any proper idea, and this goes against the concept of ownership. He added, “This is the biggest bunch of self-serving bulls— I have ever heard.” His comments have only added to the concerns regarding the ability of the coin to cause damage to the credibility of cryptocurrency as an asset class.

Meanwhile, crypto analyst Michaël van de Poppe shared insights into the token’s price behavior. “I have indicated those two regions on $TRUMP yesterday. ”One gave a 36% bounce rate while the other offered a 70% bounce rate,” van de Poppe stated on Twitter. He also pointed out that the price would need to correct to the $25-30 range and then consolidate for the token’s long-term appreciation.

Regulatory Concerns Raised by Cuban

Mark Cuban did not only go after the idea behind the TRUMP memecoin. He also expressed some of the possible regulatory difficulties that the project may present. He suggested that when the President of the United States is both the issuer and an investor, there is a conflict of interest which will only complicate things for the regulators and investors.

According to Mark Cuban, he said, “If the president himself is both an issuer and an investor then it creates confusion for the regulators and the investors.” He expressed concerns over the absence of investors’ safeguard measures and argued that the project could dent the attempts being made to provide proper legislation for crypto-backed securities.

The memecoin was launched at a time when the US Securities and Exchange Commission (SEC) is stepping up its regulation efforts in the cryptocurrency space. Cuban warned that instead of working toward regulatory compliance or reforming the IPO process to accommodate crypto projects, initiatives like the TRUMP memecoin risk painting the entire industry as unserious.

Community Reactions and Trump Crypto Agenda

The TRUMP memecoin has caused a stir within the crypto community. While critics like Cuban see it as a liability, supporters believe it could spark broader adoption of blockchain technology.

Crypto expert Jeff Dorman suggested that the memecoin’s success could serve as a catalyst for more mainstream adoption. “TRUMP token just signaled to every company, municipality, university, and individual brand that crypto can now be used as a capital formation and customer bootstrapping mechanism,” Dorman commented.

However, Mark Cuban has dismissed such optimism, arguing that the TRUMP memecoin risks turning crypto into a “joke.” Moreover, despite Donald Trump campaigning as a pro-crypto candidate, his administration has yet to outline any specific policies regarding cryptocurrency. A recent document sent to Republican lawmakers failed to mention any crypto-related initiatives, surprising many in the industry.

The post Mark Cuban Calls Out TRUMP Memecoin Amid Donald Trump Swearing In appeared first on CoinGape.

20 Jan 2025, 10:29 am

Dogecoin (DOGE)’s notable 18,400% surge in 2021 stands out as one of the most remarkable tales in the crypto realm, as its value soared from mere cents to $0.70. This rapid growth highlighted the potential of community-focused tokens and speculative investments. Currently, investors are wondering if Rexas Finance (RXS), trading at $0.175, might achieve a similar increase. Let’s analyze the elements that could propel RXS to significant levels and examine its possibility of mirroring Dogecoin price journey.

Tokenizing Real-World Assets: Unlocking Hidden Value

Rexas Finance functions in the thriving arena of RWA tokenization of physical assets, such as commodities, real estate, and intellectual property. This method levels the playing field for investment prospects, providing access to markets that were typically limited to institutional investors and the very wealthy.

With the rapid adoption of blockchain and an increasing number of people accepting tokenized assets, platforms such as Rexas Finance are set to see substantial growth. Should this trend persist, RXS may experience a significant price surge fueled by increased demand and broad acceptance.

Rexas Finance’s $34M Presale Success: Could RXS Follow Dogecoin Price Surge to $0.70?

Rexas Finance’s presale has been a resounding success, raising over $34 million and selling nearly 96% of its tokens. This achievement signals strong market confidence in the project’s potential.

Historically, presale success often translates to robust post-launch performance as investor enthusiasm carries over to secondary markets. With a solid foundation of early supporters, RXS could be primed for a Dogecoin price-like surge once trading becomes more accessible.

Strategic Tokenomics: Enhancing Long-Term Value

Rexas Finance’s tokenomics aim to promote holding and staking, decreasing the circulating supply and fostering upward momentum on the token’s price. Importantly, 22.5% of the overall token supply is allocated for staking rewards, encouraging investors to commit for the long term.

Furthermore, the 42.5% presale distribution guarantees ample liquidity for trading while preserving scarcity. This equilibrium of liquidity and scarcity reflects tactics that have driven the success of other best cryptos to buy, such as Dogecoin.

Certik Audit: Building Trust Through Security

In the constantly changing world of cryptocurrency, safety is essential. The Certik audit of Rexas Finance validates the integrity of its platform, offering investors reassurance regarding the safety of the project.

As the sector develops, initiatives with confirmed security protocols are increasingly likely to draw interest from both retail and institutional investors. This trust element might serve as a key driver for RXS’s growth, similar to how Dogecoin price acquired credibility with time..

Community Engagement: The $1 Million Giveaway

Rexas Finance is leveraging community-driven initiatives, including a $1 million giveaway, to foster engagement and enthusiasm. By offering $50,000 worth of these RWA tokens to 20 lucky winners during the presale, the project generates excitement and attracts a larger, more engaged user base.

Community momentum has been a defining feature of Dogecoin’s success, and Rexas Finance’s efforts to build a loyal following could similarly drive its value upward.

What Could a Dogecoin Price-Like Surge Mean for RXS?

If RXS experiences a rally similar to Dogecoin price 2021 performance, its price could reach unprecedented levels. While an 18,400% increase may seem ambitious, even a fraction of such growth could yield substantial returns for early investors.

Factors such as token adoption, market demand, and sustained community support will be critical in determining whether the early-stage cryptocurrency can achieve its full potential.

Final Thoughts: The Path Ahead for Rexas Finance

Rexas Finance has established itself as a formidable player in the crypto market through its inventive method of tokenizing real-world assets, thoughtful tokenomics, and a successful presale. Although achieving Dogecoin’s rapid ascent is an ambitious aim, the essential components are set for substantial expansion. Investors need to track the project’s advancement, user adoption, and market trends to assess its potential for significant returns. Is RXS the potential successor to Dogecoin? Only time will reveal, but its path until now indicates a hopeful future.

The post From Pennies to Millions: Could This $0.175 Coin Mirror Dogecoin Price 18,400% Surge? appeared first on CoinGape.

20 Jan 2025, 10:03 am

Pepe Coin price, a meme-inspired cryptocurrency, has skyrocketed by an impressive 1,335% over the past year. This surge has fueled growing optimism about an impending bull rally. Recent price patterns point toward a potential bullish trend, sparking speculation about whether PEPE could hit the $1 milestone. Adding to the buzz, Ethereum co-founder Vitalik Buterin’s interest in PEPE has drawn significant market attention.

Can Pepe Coin Price Hit $1 After Vitalik Buterin Buying PEPE?

Vitalik Buterin, co-founder of Ethereum, has reportedly purchased 508.6 million PEPE tokens, according to blockchain transaction data. Known for his influence in the crypto market, Buterin’s moves often attract widespread attention. 

The transaction, valued at $10.5K, has sparked curiosity among investors regarding its impact on PEPE’s price trajectory. His involvement with the meme coin is surprising to many, given his focus on advancing blockchain innovation and development.

The acquisition has fueled discussions about PEPE’s potential growth. Some speculate that Buterin’s endorsement might attract new investors, driving the price upward. However, for PEPE to reach $1, it would require a massive surge in market demand, given its high circulating supply. 

PEPE coin price could skyrocket as Bitcoin achieves an all-time high, trading above $103,000. The broader crypto bull run, coupled with renewed interest in meme coins like DOGE, SHIB, and BONK, further supports this potential rally. Additionally, expectations surrounding the upcoming Trump inauguration may drive investor confidence, boosting the meme coin market.

PEPE Price Analysis

At the time of writing, the value of PEPE is trading at $0.00001625, marking a 5% decline in 24 hours. The cryptocurrency faces resistance at $0.00002000 and struggles to maintain momentum after testing the $0.00001500 support zone.

Technical indicators suggest consolidation, with a potential breakout or further downside. The Relative Strength Index (RSI) stands at 39, indicating bearish momentum as it remains below the neutral 50 level.

The Moving Average Convergence Divergence (MACD) indicator highlights continued caution. The MACD line is positioned below the signal line, confirming bearish momentum. Meanwhile, the histogram shows shrinking negative bars, signaling a potential reduction in selling pressure.

Key levels to monitor include the $0.00001500 support, which has held firm during recent tests. A bounce from this level could drive PEPE toward the $0.00002000 resistance zone. Breaking above this resistance might propel the price to the next significant target at $0.00003000. On the downside, losing the $0.00001500 support could trigger a decline to $0.00001000.

Pepe Coin’s journey to $1 seems unlikely without extreme market shifts. However, short-term gains remain plausible if broader crypto sentiment improves. Investors should remain cautious and monitor key levels.

The post Will Pepe Coin Price Hit $1 After Vitalik Buterin Buys PEPE? appeared first on CoinGape.

20 Jan 2025, 9:51 am

Pro-crypto Donald Trump’s administration has hit the ground running by outlining the top priorities as the pro-crypto President takes office. Interstingly, there is no mention of crypto in no mention of crypto as a top priority in the document sent to Republican lawmakers.

Donald Trump’s Administration Fails To Mention Crypto As Top Priority

As seen in a Punchbowl News report, Donald Trump’s administration failed to mention crypto as a top priority in a recent document sent to Republican lawmakers.

This has come as a surprise to members of the crypto community, considering the crypto promises that the pro-crypto president had made prior to his election victory in November last year.

This includes his promise to create a Strategic Bitcoin Reserve once he takes office. Trump had also promised to free Silk Road founder Ross Ulbricht on his first day in office. Meanwhile, there was also the belief that the pro-crypto president would immediately address issues regarding Operation Chokepoint.

Donald Trump also failed to mention anything regarding crypto during his first address as president following his Presidential inauguration today at the Capitol Rotunda.

This development has raised concerns among crypto investors, who were bullish on the market due to pro-crypto policies, which Trump was expected to announce immediately after taking office.

Coingape had reported that the pro-crypto president had planned to make crypto a national priority starting today. There was also a report that Trump’s government will greenlight crypto trading for banks.

Bitcoin Price Declines

The Bitcoin price dropped to as low as $100,000 following these developments, which has sparked a bearish sentiment among crypto investors.

Coinglass data shows that there has been over $200 million in liquidations from the crypto market in the last few hours following Donald Trump’s inauguration. Long traders have suffered the most loss, with over $144 million in long positions liquidated.

However, despite Trump’s failure to mention crypto as a top priority to lawmakers or in his inaugural speech, a positive is the fact that the president’s World Liberty Financial bought $4.7 million worth of Bitcoin. CoinGape also reported that the DeFi project recently invested millions of dollars in ETH, TRX, AAVE, LINK, and ENA.

The post President Donald Trump’s Administration Fails To Mention Crypto As Top Priority: Details appeared first on CoinGape.

20 Jan 2025, 9:51 am

US President Donald Trump has nominated Caroline Pham, a Junior Commissioner at the Commodity Futures Trading Commission (CFTC), to lead the agency. According to a Bloomberg report, Pham will take over as acting Chairman after the five commissioners at the commission voted in her favor.

The US CFTC and Caroline Pham

According to theBloomberg report, the appointment is not yet public knowledge, citing anonymous sources. Appointing a Chairman to lead the US CFTC is largely an in-house job, with the commissioners tasked with approving the President’s pick.

Caroline Pham advocates for clear regulations for the crypto industry and its players. Her ascension as Chair will help President Donald Trump achieve his pro-crypto mandate in the next four years. The appointment of Pham became necessary after Former ChairmanRostin Behnam stepped down.

Beyond the Bloomberg update, Fox Business Journalist Eleanor Terrett said she has also confirmed the appointment of Caroline Pham. Pham is considered a crypto proponent with a friendly relationship with some of the industry’s ecosystems.

NEW: I’ve confirmed @realDonaldTrump has selected GOP Commissioner Caroline Pham @CFTCpham as Acting @CFTC chair.

— Eleanor Terrett (@EleanorTerrett) January 20, 2025

Following her appointment, an old update from 2022 appeared in which she posted a photo of her meeting with Brad Garlinghouse, Ripple CEO. Based on her antecedents as a commissioner, industry proponents believe she will be a good Chair for crypto.

The Compliementary US SEC Leadership

The appointment of Caroline Pham came late, considering the nomination of Paul Atkins in December 2024. These two nominations are considered the most important in shaping the direction of the crypto ecosystem.

The US CFTC and the SEC have pending cases transferred from Gary Gensler and Rostin Behnam. While Gensler filed a fresh appeal in the Ripple lawsuit last week, Rostin Behnam had a pending subpoena regarding the prediction markets probe.

It remains to be seen how both leaders will navigate old cases while charting a future for the crypto ecosystem.

Industry Expectations for Donald Trump

With President Donald Trump officially sworn into office, many industry leaders are now anticipating a fulfillment of his election promises. While clear regulations remain crucial, the clamor for a strategic Bitcoin reserve is also at the top.

The move for this reserve was initiated following the Bitcoin Bill introduced by Senator Cynthia Lummis. In addition, the President is looking to form a crypto advisory council to drive the strategic Bitcoin reserve plan.

The industry is counting down already to when most of the key issues from the previous administration, including the investigation of Operation Chokepoint 2.0.

The post Donald Trump Appoints Caroline Pham as Acting CFTC Chair: Bloomberg appeared first on CoinGape.

20 Jan 2025, 9:08 am

World Liberty Financial has ramped up its investment activity, spending $109.1 million across six cryptocurrencies in a single day. The fund allocated $47 million within the past hour to acquire 7,022 ETH worth $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million. This follows earlier purchases of TRX, AAVE, and LINK for a combined $14.1 million.

World Liberty Financial Spends $109M on Crypto, Acquires ETH, WBTC, TRX, AAVE

According to blockchain analytics platform Spotonchain, World Liberty Financial has spent $109.1 million on six cryptocurrencies in a single day. This includes $47 million allocated within the past hour to acquire 7,022 ETH worth $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million. 

Earlier in the day, the fund invested $14.1 million in TRX, AAVE, and LINK, solidifying its position in the crypto market.

Cumulatively, the fund has invested $71.5 million in Ethereum alone over the past 24 hours, purchasing 21,425 ETH at an average price of approximately $3,337. Over the last three days, World Liberty Financial has systematically increased its positions across multiple assets.

In an earlier CoinGape report, the Trump project purchased 14,403 Ethereum, increasing its total ETH holdings. This substantial acquisition underscores Donald Trump’s project confidence in Ethereum. Amid a 117% surge in trading volume, ETH price rallied 9% in the last 7 days. More so, Eric Trump hinted at further investments, fueling optimism among traders.

Diversifying with TRX, AAVE, and LINK

Earlier in the day, World Liberty Financial purchased 19.3 million TRX for $4.7 million, 13,261 AAVE for $4.7 million, and 177,928 LINK for $4.7 million. These transactions, completed within 20 minutes, signify the fund’s strategic diversification across leading blockchain networks, including TRON and Ethereum.

The acquisitions caused immediate price surges for the tokens, with TRX rising by 3.2% to $0.244, AAVE increasing by 6% to $347, and LINK gaining 2.7% to $25.80. Trading activity also soared, with Binance, Coinbase, and Kraken reporting significant spikes in trading volumes for these assets.

TRON DAO’s Continued Investment in WLFI

In parallel, TRON DAO, led by Justin Sun, invested an additional $15 million to acquire 1 billion WLFI tokens, increasing its total holdings to 3 billion WLFI, equivalent to $45 million. Sun also announced plans to boost TRON DAO’s investment in World Liberty Financial to $75 million, reaffirming his commitment to the platform.

Blockchain data confirmed TRON DAO’s position as the largest independent holder of WLFI, owning 3% of the token’s total supply. This substantial backing signals growing institutional confidence in World Liberty Financial’s vision.

World Liberty Financial’s aggressive investments in TRX, AAVE, LINK, ETH, WBTC, and ENA have triggered notable market activity. Large transactions and active addresses have surged on the TRON and Ethereum blockchains, reflecting heightened interest. 

Additionally, in response to Donald Trump’s crypto projects and investments, Justin Sun commented,

“Building the Treasury for the Future of America”

It is worth noting after Donald Trump launched his meme coin earlier, the First Lady, Melania Trump, introduced her own MELANIA meme coin, which surged to $13 and a $2 billion market cap within hours. This triggered sharp market shifts, with TRUMP coin dropping 35% amid intense sell pressure, reflecting the high volatility.

The post World Liberty Financial Invests In TRX, AAVE, LINK, ENA, and WBTC appeared first on CoinGape.

20 Jan 2025, 8:20 am

Dogecoin price has stagnated recently as cryptocurrency investors focus on the newly minted meme coins by Donald Trump and Melania Trump. DOGE has barely moved this year, but analysts point to its potential technicals that may push it higher in the long term. They cite its Fibonacci Retracement levels and other technical patterns. 

Fibonacci Tool Points To More Dogecoin Price Gains

In an X post, Surf on X, a popular analyst, used Fibonacci Retracement levels to predict that the coin may ultimately surge to near $10 in the long term. A climb to $9 would signal a 2,300% surge from the current level, pushing its market cap from the current $54 billion to over $1.3 trillion. 

Fibonacci levels are some of the most popular concepts in trading. They are based on the ancient concept of the Fibonacci sequence, where every number is a sum of two of the previous ones.

Short-Term Target for DOGE Price

In another X post, another analyst used the two-week chart to identify the short-term Dogecoin price target. He found that the coin has often formed higher highs and higher lows since 2016. 

It jumped by over 9,225% from its lowest point in 2016 to its highest level in 2018. DOGE then soared by over 30,000 between 2020 and 2021 as Elon Musk pumped it. It has now soared by over 770% from its 2022 lows. As such, he expects that the next bull run could push it to at least $4.2 in the near term.

Long-Term Prediction For Dogecoin Price

Ali Martinez, another top crypto expert, believes that the DOGE price has more room to run. He noted that the coin has formed an ascending channel starting from 2017. It is now coming from the lower side of this channel and could soon cross the middle line. 

If that happens, he expects that the Dogecoin price will rise to over $15 in the long term. Such a move would push its price up by 4,000%. Such a move would happen if the SEC approves a spot DOGE ETF and if the crypto bull run gains steam. 

Key DOGE Levels To Watch

The two week chart shows that the Dogecoin price has been consolidating in the past few weeks. This consolidation happened after the coin went parabolic in November, meaning that it has formed a bullish pennant pattern. That is a sign that the coin will have a strong bullish breakout. 

In this case, the resistance level to watch will be at $0.4837, the upper side of the pennant. The key support point to watch will be at $0.2635, the lower side of the pennant. A break below that level will invalidate the bullish DOGE forecast.

The post Dogecoin Price Analysis: Fibonacci Tool Predicts Next DOGE Target appeared first on CoinGape.

20 Jan 2025, 7:53 am

Donald Trump’s inauguration as the 47th US President, marking the beginning of his second presidential term, has sparked excitement in the crypto space. While Trump has announced plans for 100+ executive orders, the community expects a crypto revamp. According to expert predictions, potential policy changes under the new administration may include revisions to banks’ crypto trading practices, ending the controversial Operation Chokepoint 2.0.

In a Reuters report, Circle CEO Jeremy Allaire stated that Trump would announce the much-awaited executive orders immediately after his inauguration. Allaire believes Trump’s new policies will make it easier for banks to offer crypto trading services, enabling clients to invest in and hold digital assets.

Trump’s Executive Orders Include Bank’s Crypto Trading

The Circle CEO remains optimistic about Donald Trump’s potential crypto policy changes, which he believes would include banks’ crypto trading services. In particular, he expects the rejection of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). According to him, the SAB 21 effectively made it “punitive for banks and financial institutions and corporations even to hold crypto assets on their balance sheet.”

Among Trump’s numerous executive orders, Allaire is particularly eager to see the revocation of SAB 121. “I’m strongly in favour of repealing it and I would hope that President Trump would take that action,” stated Allaire. In addition, he called for Congress’ action in introducing a comprehensive crypto regulatory framework.

Is Trump’s Re-Election an End to Operation Chokepoint 2.0?

“Operation Chokepoint 2.0″ is a term used to describe the alleged government crackdown on the crypto industry. Since the fall of the financial giant Silvergate, the government has been reportedly isolating crypto companies from the broader financial space. Goverments’ move to cut banks’ ties with crypto companies sparked increasing caution, severely affecting crypto trading activities.

In addition, the SEC and FDIC’s increased scrutiny over crypto platforms urged banks to halt crypto-related activities. While many accused it as the government’s indirect regulation, XRP lawyer John Deaton urged the government to take effective steps to tackle Operation Chokepoint 2.0.

Donald Trump’s 100+ Executive Orders

Notably, Trump plans to issue more than 100 executive orders on his initial day, sparking speculation about potential crypto policies. Meanwhile, crypto investor and mathematician Fred Krueger predicted that Trump would announce the Bitcoin reserve on day one.

Experts and industry leaders also anticipate an overhaul of crypto regulations under the new SEC Chair Paul Atkins. With clarifications on digital assets’ security status, many believe that high-profile cases like the Ripple-SEC lawsuit would find a conclusion. Aligning with Allaire’s expectations, the industry hopes for crypto-friendly policies that would make crypto trading easier.

The post Trump Government To Greenlight Crypto Trading For Banks: Reuters appeared first on CoinGape.

20 Jan 2025, 6:32 am

Don’t want to make crypto gains by traditional ways of Buying/Staking? Here’s another way for you!

Bitget, in a striking move towards driving smarter crypto investment solutions, has launched its highly rewarding and innovative Hold-to-Earn service – Bitget HolderYield.

This Hold-to-Earn service is currently launched only for two interest-bearing tokens, weETH (Wrapped eTH, a liquid staking token) and USDE (stablecoin). Bitget aims to continuously add more tokens soon apart from the mentioned two.

How much will the Bitget users earn from HolderYield tokens?

In a rewarding way to distribute passive income to its users, Bitget offers baseline Annual Percentage Returns (APR) and other ways of earning by participating in promotions.

Just by holding weETH and USDE, regardless of the account in which the crypto holdings are stored, an APR of around 20% can be expected for users.

On partnership with Bitget by offering its token – weETH as collateral – Ether.fi founder and CEO, Mike Silagadze commented, “We’ve had a ton of customer demand for weETH as collateral and are excited to partner with Bitget to make that a reality! Bitget users who hold weETH will passively earn on their ETH while maintaining price exposure.”

Calling the move as more “user-friendly”, Bitget CEO Gracy Chen also expressed enthusiasm, commenting, “This has simplified the steps required for users to start earning yields on our platform, making it even more user-friendly as users no longer need to worry about liquidity and lock-up periods”.

What are the ways to invest in HolderYield tokens?

After having Bitget main account with complete identity verification, users can buy these interest-bearing tokens in three ways:

1. Spot Holdings – where users can purchase and hold tokens directly, enjoying baseline APR.
2. Future Holdings – in this, users can use these tokens as margins for futures trading in multi-asset mode, making the margin amount also eligible to make earnings.
3. Sub-account Holdings: for assets held in regular sub-accounts and virtual sub-accounts.

Daily Settled Earnings

Though you can sell your holdings at any time, to maximize earnings, during promotions, maintaining sufficient holdings are suggested. There are also minimum holding requirements as users must hold at least 1 USDT worth of weETH in their respective account. After investing, earnings are settled daily in respective tokens only. Distributions will be calculated based on the closing price of ETHFI at 8:00 AM (UTC+8) the following day. Users will receive the distributed earnings next day in their respective accounts at 06:00 AM (UTC+8).

Bitget’s initiative user-friendly but demands caution

Users have to be cautious about investing as APR at HolderYield token holdings is supposed to fluctuate, owing to market price volatility. Moreover, users also need to keep in mind the profit-generating mechanism of the respective tokens protocol, for example, for WEEETH, it is Blockchain staking yield. Change in its network conditions and staking returns can lead to adjusted yields.

Nonetheless, if the tokens experience a rise in price at the time of sale after their holding period, users are poised for good returns – making HodlerYield a good non-chaotic investment solution.

The post Bitget launches Hold-to-Earn Service with these two tokens; Know Key Details appeared first on CoinGape.

20 Jan 2025, 6:07 am

Elon Musk, the Tesla and SpaceX owner, has been super influential in the crypto industry for years. He often endorses cryptocurrencies and is in close ties with President-elect Donald Trump, who has recently launched the TRUMP meme coin. With that, the investors await a similar move from a multi-billionaire, but will that happen? Let’s discuss.

Elon Musk’s Meme Coin Obsession & Endorsement

Tesla’s owner is known for his open support for the most popular meme coin, Dogecoin. Along with the crypto community, he calls himself the Dogefather and has often influenced the price of this token. This involved Trump changing the X (previously known as Twitter) logo to Shiba Inu, the dog behind Dogecoin’s face—moreover, Tesla accepts DOGE for merchandise shopping.

“I intend to personally support Dogecoin”

— Elon Musk pic.twitter.com/ZAaS9jIw5S

— CEO (@Investments_CEO) January 18, 2025

Musk believes that this meme-themed cryptocurrency has the potential to transform digital transactions. However, this meme currency frenzy does not just end there, as over the years, Elon has endorsed a few other cryptocurrencies. The latest example is with Kekius Maximus a few months back. Musk changed his profile name and image to the game-based cryptocurrency. This led to KEKIUS prices skyrocketing 4800%. Right after this, Musk endorsed CumRocket memecoin, whose outcome was similar to the first.

Interestingly, Musk’s posts about cryptos immediately boost their prices. Experts believe that if Elon Musk launches a token, it will become even more popular than the TRUMP and MELANIA memecoins.

Will Elon Musk Launch A Meme Coin Next?

Till reporting, there has been no news of Musk launching a meme coin. However, he has often shown interest in these cryptocurrencies, with which some experts believe in the possible launch, especially as Donald Trump has launched his official meme-themed cryptocurrency.

Additionally, Musk has been working on turning X into one in all platforms like WeChat, where users can connect and even make transactions. For this, he has secured a money-transmitting license in 25 US states. Considering Musk’s love for crypto, experts anticipate a possible crypto launch or adoption of Dogecoin.

How Will Elon Musk’s Crypto Launch Affect the Market?

The biggest hurdles to the crypto market’s growth are the lack of regulations and government disapproval of its decentralized nature. Proper rules and industry support could resolve these issues for both nations and investors. Donald Trump’s inauguration and presidency are already supportive factors, but Tesla owner’s involvement could push it to another level.

Thanks to Musk’s popularity, integrating cryptocurrency with X will increase adoption, establish credibility, and build trust among new users. Additionally, it will change X’s outlook from a simple social media platform into an economic ecosystem. If this happens, people can connect, shop, trade, and engage in other activities, making it a diversified and effective platform.

Bottom Line

After Donald Trump and celebrities like Hawk Tuah Girl launched their meme-themed cryptocurrencies, Elon Musk is next in line. However, there is no news of this happening, but the anticipation is building, considering his love for these digital assets. At the same time, analysts believe Donald Trump’s influence could result in Musk launching his meme coin to implement transaction services on X. Musk’s crypto launch could benefit X by turning it into a multi-functional platform. More importantly, it could influence crypto adoption and early regulation.

The post Could Elon Musk Be the Next to Launch a Meme Coin Like Donald Trump? appeared first on CoinGape.

20 Jan 2025, 6:00 am

DOGE Lawsuit: In an unprecedented turn of events, Elon Musk’s Department of Government Efficiency (D.O.G.E.), an advisory panel under Donald Trump’s presidency, appears to have encountered a severe setback as it faces a lawsuit. Notably, recent reports from across the globe reveal that the advisory panel is being sued right after Donald Trump takes office on Monday. As a result, the crypto realm remains cautious as speculations of Dogecoin price taking a blow also persist, given Musk’s massive influence on the token.

DOGE Lawsuit Right After Trump’s Inauguration Sparks Concerns

According to a recent report from The Washington Post, Elon Musk’s DOGE is to be sued right after Donald Trump’s presidential inauguration on January 20. A U.S. watchdog group (National Security Counselors) appears to have alleged that the advisory panel has violated federal transparency laws.

Intriguingly, the lawsuit particularly alleges that the Musk-led panel meets the requirements to be called a “federal advisory committee.” It appears to have failed to meet the requirements of a 1972 law that established rules on disclosure, hiring, and other practices. As a result, the Department of Government Efficiency is sued within minutes of the Republican taking office.

However, IBC Group co-founder Mario Nawfal has recently posted on X, claiming that “this is just lawfare to stop Trump’s plan to slash waste and shrink bloated bureaucracy.” Altogether, in light of the lawsuit, Dogecoin (DOGE) has captured significant attention across the globe, particularly among crypto enthusiasts across the broader market.

Dogecoin Price To Take Hit?

At the time of reporting, Dogecoin price witnessed a highly turbulent action, slipping by 1% to reach $0.3716. The coin’s 24-hour low and high were $0.3472 and $0.3984, respectively. Crypto market traders and investors remain extremely cautious as the DOGE lawsuit unfolds as such previous chronicles have negatively impacted prices.

It can be seen in the case of Ripple vs. SEC, as the token showcased a prolonged sluggish performance before finally rallying to cross $3 again in 2025. It’s noteworthy that the rally came against the backdrop of Gary Gensler’s exit from the SEC and a pro-crypto wave under Trump’s presidency.

However, Dogecoin’s much-awaited rally in 2025 may encounter a hurdle as Elon Musk’s DOGE lawsuit may impact market sentiment. Traders and investors are continuously monitoring the token for price action shifts.

The post Elon Musk’s DOGE Faces Lawsuit Right After Trump’s Inauguration appeared first on CoinGape.

20 Jan 2025, 5:58 am

Vitalik Buterin has emphasized that the Ethereum Foundation is exploring ETH staking options. This comes at a time when ETH prices are being traded within a narrow range, and tokens are being sold by the Foundation. Nevertheless, with hours away from Donald Trump’s inauguration ceremony, chances are that ETH prices will organically navigate their way for an uptick.

ETH Staking by Ethereum Foundation Under Consideration

Vitalik Buterin, co-founder of Ethereum, has emphasized through an X post that the Ethereum Foundation is reviewing ETH staking options. He has said that two factors were originally hampering plans of ETH staking, namely regulatory concerns and self-staking. If the Ethereum Foundation engages in ETH staking itself, it will have to take a position on the future contentious hard fork.

Concerns around regulations are not strong anymore as the Trump Administration is likely to form effective regulations and frameworks for the industry. This will pave the way for ETH staking if the Foundation finds a way to resolve concerns around self-staking. This is something that Vitalik believes can be minimized in several ways but has not written them in detail.

Vitalik published this post to respond to a user’s query who sought clarification about how easily could the Ethereum Foundation stake ETH and use DeFi to cover most of its internal budget.

ETH Selling by Ethereum Foundation

Meanwhile, a report by Lookonchain has highlighted that the Ethereum Foundation has sold an additional 100 ETH tokens. These are collectively worth approximately $336k and now account for the total selling of 4,666 Ether tokens at the price of $13.3 million since Jan 2, 2024.

The Ethereum Foundation previously sold 100 ETH at approximately $336k on Jan 8, taking its total selling to 4,566 ETH for a value of $12.96 million at that time. Another notable sale by the Foundation was reported on Dec 20, when the same number of tokens were sold, and ETH had dipped by almost 17%. The latest ETH sale is speculated to have happened because the TRUMP meme coin went on Solana instead of Ethereum.

Bullish Rally Ahead?

ETH price is down by 3.96% over the past 24 hours, listed at $3,303.28. There are reasons for ETH to skyrocket to $7,000.

Ethereum MVRV pricing bands indicator by Glassnode, for one, hints that there could be repricing. This is fueling the upward trajectory for ETH, the second largest crypto based on market cap. Also, Donald Trump’s inauguration ceremony is only hours away.

This event will officially kickstart his crypto-friendly administration and pro-crypto candidates assuming their respective offices. These include veterans like Paul Atkins as the SEC Chair.

The launch of TRUMP and MELANIA meme coins has also strengthened the interest of investors in the crypto sphere. Both meme coins have gained significant value since their launch and continue to add to their market capitalization.

The post Vitalik Emphasizes Exploring ETH Staking by Ethereum Foundation appeared first on CoinGape.

20 Jan 2025, 5:43 am

Cardano price has moved sideways this month even as its top competitors, like Bitcoin and Solana jumped to a record high. Nonetheless, ADA has multiple catalysts that could see it blow past its all-time high and surge to as high as $7. It has an encouraging Elliot Wave formation, potential partnership with Chainlink, and its MVRV indicator.

Elliot Wave Formation Could support Cardano Price Upside

Big Mike, a popular crypto analyst, noted that the long-term view is that the Cardano price will keep surging and possibly reach $7, followed by $22. He used the three-day chart and the Elliot Wave concept to make this prediction. 

Mike believes that ADA is now in the third wave, which he expects will continue until it reaches its all-time high of $3. After that, it will move to $1.5 during its fourth wave and then explode higher to $7 in the longer term.

The only caveat of this prediction is that Elliot Wave formations, especially on the weekly or the 3-day chart, will take time. For example, the first wave, which is often short started in May 2023 and ended in April 2024. 

Potential Partnership With Chainlink

Another near-term catalyst for Cardano price is the upcoming partnership with Chainlink. In a statement on Saturday, Charles Hoskinson said that he was looking forward to more partnerships for Cardano this year. 

He also mentioned that he has a confirmed meeting with Chainlink, the biggest oracle provider, scheduled for this week. Such a collaboration would be a big one Chainlink is a marker leader in industries like DeFi and RWA.

Cardano Price Technical Analysis

Meanwhile, the weekly chart points to more ADA price news once the ongoing consolidation ends. It rose from $0.280 in August last year and peaked at $1.33. 

Cardano then dropped and retested key support at $0.81, its highest swing since the first bull run in 2024. This break and retest are positive signs for the coin, as they point to a potential continuation. 

A bullish pennant has also formed, which is characterized by a long line and a triangle. Therefore, the most likely outcome is that Cardano’s price will soar, and it may retest its all-time high of $3, which is about 200% above the current level.

The bullish ADA forecast will become invalid if the coin drops below the key support at $0.81. Such a drop would lead to more downside, potentially to $0.50.

The post Elliot Wave Analysis Hints Next Cardano Price Target is $7 appeared first on CoinGape.

20 Jan 2025, 5:26 am

With Donald Trump’s inauguration hours away, Ethereum price is showing strength after rallying No data found for ethereum on 15 hours ago% today. In addition to the aforementioned event, multiple outlooks suggest that ETH will soon witness an up-only rally. One on-chain metric shows that the price could skyrocket soon and hit $7,000 in an act of reversing to the mean.

Why Ethereum Price Could Skyrocket From No data found for ethereum on 15 hours ago to $7,000 soon

Ethereum price today hit a daily high of No data found for ethereum on 15 hours ago after No data found for ethereum on 15 hours ago% move on January 21. Currently ETH auctions at No data found for ethereum on 15 hours ago as of No data found for ethereum on 15 hours ago.

*Ethereum price updated as of No data found for ethereum on 15 hours ago.

Many investors are looking down on ETH and even losing hope as it remains undisturbed and below $4,000, while other altcoins are going parabolic and registering impressive gains. However, the lackluster performance streak that spanned all through 2024 is unlikely to last in 2025 for a few reasons. In fact, Glassnode’s Ethereum MVRV pricing bands indicator hints that there could be repricing that propels ETH’s value to roughly $7,000.

The indicator shows that the price trades above the 3.2 MVRV band at roughly $7,000, the value of this is 3.2 times the realized price (RP). While every other altcoin has shot up, ETH continues to trade below the 2.4 MVRV band indicating how undervalued the crypto is.

The efficient market hypothesis states that assets or markets are unlikely to remain underpriced long. Hence, Ethereum price forecast adds that a repricing event could send ETH to $7,000.

Whales Continue to Accumulate

Ethereum whales have bought 300,000 ETH in just 20 days. This uptrend in their holdings since the start of 2025 shows their confidence despite the boring price performance witnessed through 2024 and in the first few days of the new year. This outlook hints at a bright future ahead for Ethereum and its ecosystem for the rest of 2025.

Etheruem Foundations Sells Again: Short-term Outlook Bearish?

According to on-chain data, the Ethereum Foundation has started selling ETH again. This is a pattern where the entity behind the second largest crypto sells large quantities of ether in batches of 100 tokens. This development takes place as Bitcoin hits a new ATH, so it is unlikely this move could dampen the buying pressure due to capital rotation from meme coins to top altcoins.

Ethereum Price Analysis Hints Buying Opportunity Around the Corner

Ethereum price is setting up a falling wedge, a bullish pattern. However, the recent uptick in bitcoin has prevented ETH from sliding into the $3,057 to $3,132 support zone. Regardless, investors need to keep a close eye on this area. A dip into this area presents a good buying opportunity before ETH skyrockets.

With whales accumulating large quantities of ETH and Trump’s inauguration, Ethereum price could scale higher along with altcoins during the highly anticipated alt season.

Another outlook could see the price breaking out of the falling wedge before dipping lower. In such a case, a decisive daily candlestick close above $3,592 will confirm a breakout. The setup forecasts a 17% move to $4,000, obtained by adding the distance between the first swing high and swing low to the breakout point.

Ethereum price is poised for a significant surge, potentially reaching $7,000, driven by a combination of factors, including Donald Trump’s inauguration, whale accumulation, and a bullish falling wedge pattern.

The post Here’s why Ethereum Price Could Suddenly Skyrocket to $7,000 appeared first on CoinGape.

20 Jan 2025, 4:39 am