Market
Bitcoin briefly hits $90k on Coinbase. Will it surge to $100k soon?
Key takeaways
- BTC briefly hit the $90,100 level, reaching a new all-time high.
- Vantard’s presale is now approaching $850k
BTC briefly touches the $90k level
Bitcoin has been rallying since Donald Trump won the United States presidential elections last week. The leading cryptocurrency by market cap briefly hit the $90,100 level on Coinbase before retracing below the $88k mark.
At press time, Bitcoin’s price stands at $87,869. There is a massive sell order for Bitcoin around the $90k region and market analysts believe that BTC could range between $90k-$100k in the near term.
What is Vantard (VTARD)?
The ongoing rally has seen over $700 billion enter the cryptocurrency market in the last seven days. The growing demand for Bitcoin and other major cryptocurrencies is spilling to upcoming altcoins as investors look to diversify their investments.
Vantard is one of the projects attracting investor interest. It is the world’s first Solana meme coin index and would help investors leverage the growing $45 billion memecoin market.
In its whitepaper, the team said its native $VTARD token holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins.
The project will enable investors to broaden their cryptocurrency investment portfolio. This feature is crucial, given the growing importance of meme coins to the cryptocurrency ecosystem.
Vantard would allow investors to easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, the Vantard index will bridge a significant gap in the market as meme coins have outperformed every other crypto sector in recent years.
Read more about the Vantard project here.
Vantard’s presale approaches $850k
The Vantard presale is approaching a significant milestone. The team has raised nearly $820k so far. The seed round comes shortly after the project raised $500k in its pre-seed funding round.
In this current stage, Vantard is going for $0.00013 per coin, and the price is set to increase to $0.00014 in the next stage. The $VTARD tokens are available to investors via the Vantard website. Accepted forms of payment include USDC, USDT, and Ethereum (ETH) coins.
Vantard is the first meme coin index to track meme coins on the Solana blockchain. This is crucial given Solana’s position as the leading blockchain for meme coins and DeFi protocols.
Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.
Vantard eliminates a major challenge for investors by picking out the best meme coin projects on the Solana blockchain. Thus giving investors exposure to the best projects and ensuring they don’t invest in scam meme coins. The index lets users ‘Ride the Memecoin Supercycle.’
Should you buy the $VTARD token now?
The ideal times to buy tokens are during the presale and bear market. With Vantard currently in its presale, investors can invest in this project before it launches on crypto exchanges.
The $VTARD token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage.
This year, the crypto market welcomed spot Bitcoin and Ethereum ETFs, attracting billions of dollars in institutional investment. Meme coins are attracting interest from investors, and memecoin indices could become very attractive.
As the first Solana meme coin index, Vantard could become one of the top-performing cryptocurrencies in this bullish cycle.
Market
Tether Injects $7 Billion into the Market in Six Days
Tether has minted an additional 2 billion USDT today, bringing the total to 7 billion USDT over the past six days.
This substantial increase in USDT supply injects significant liquidity into the cryptocurrency market, potentially influencing trading dynamics and asset valuations.
Increased USDT Minting Suggests Surging Liquidity Demand
Historically, large-scale USDT minting by Tether has correlated with notable market movements. For instance, in May 2024, Tether minted 1 billion USDT, which was linked to subsequent Bitcoin price increases.
Also, the initial $3 billion mint on November 12 coincided with Bitcoin breaking $85,000 and subsequently crossing the $90,000 threshold.
The recent surge in USDT supply may signal increased demand for stablecoins, often used by traders to hedge positions or facilitate transactions without converting to fiat currencies.
This influx of liquidity can enhance market depth, potentially reducing volatility and improving price stability across various digital assets.
Earlier this month, Tether published its quarterly earnings and reported record revenue. In the third quarter of 2024, the stablecoin issuer reported a record-breaking profit of $2.5 billion, bringing its total assets to $134.4 billion.
Tether’s CEO Paolo Ardoino also disclosed that the company’s reserves include 2,454 BTC and 42.3 tons of gold.
New Avenues for Business Expansion
With this year’s increased revenue, Tether is actively exploring new developments and avenues for expansion. The company is considering lending to international commodities traders, particularly in developing markets.
Also, Tether completed its first crude oil transaction in the Middle East earlier this month. The $45 million deal, executed in October, involved 670,000 barrels of oil transacted using USDT.
This marked a significant milestone in the adoption of stablecoins for large-scale commodity trades.
Despite these advancements, the USDT issuer continues to face regulatory scrutiny. A recent Wall Street Journal report alleged Tether’s potential involvement in illegal transactions.
In response, CEO Paolo Ardoino stated that Tether had not observed any indications of a federal probe, reaffirming the company’s commitment to compliance and transparency.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Token Price Hits $0.75 – Can the Rally Continue?
Ripple’s XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood.
This has propelled the XRP token price to a new year-to-date high of $0.75, and it now appears poised to hit new highs before the end of the year. Here is why.
Ripple Rallies, Thanks To Robinhood
Robinhood’s crypto division expanded its offerings on Wednesday, adding support for XRP and several other altcoins. For example, the platform also relisted Solana (SOL) and Cardano (ADA) for US customers, reversing last year’s regulatory-driven delistings.
This listing fueled buyer demand for XRP, pushing its price to a new year-to-date high of $0.75 during the intraday trading session. Although it has since corrected by 7%, the bullish bias toward the altcoin remains significant. At press time, XRP trades at $0.70.
At its current price, XRP trades above its Ichimoku Cloud. BeInCrypto’s analysis of the XRP/USD one-day chart shows this could be the first sustained rally above the cloud in over a month.
The Cloud is an indicator that tracks the momentum of an asset’s trends and identifies potential support/resistance levels. When an asset’s price stays above the cloud, it signals a strong bullish trend, indicating that buyers dominate and market sentiment is positive.
Moreover, traders typically confirm the trend by looking at the Conversion Line (blue) and Base Line (red). If both are above the cloud and moving upward, it reinforces the bullish outlook. As of this writing, this is the case with XRP, confirming the market’s uptrend.
Further, XRP’s rising Chaikin Money Flow (CMF) indicates the strengthening demand for the altcoin. At press time, this stands at 0.28.
This indicator measures money flows into and out of an asset. When its value is above zero, buying pressure outweighs selling activity among market participants.
When this happens during a price rally, as in XRP’s case, it gives credence to the price growth. It indicates that the price surge is backed by actual token demand and not by mere speculation.
XRP Price Prediction: $0.80 May Be the Next High
XRP is trading at $0.70, slightly below the resistance level of $0.72. If demand strengthens, the token may breach this level and reclaim its new year-to-date high of $0.75. A successful break above this point could propel XRP’s price to $0.80, a high last seen in July 2023.
However, a resurgence of selling activity could invalidate this bullish outlook, causing the XRP token price to plummet toward $0.66. If this support fails to hold, the price may drop further to $0.59.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Tensor’s Vector.fun Tests SocialFi Viability Amid Meme Coin Hype
With the ongoing surge in interest in meme coins, a leading Solana NFT marketplace, Tensor, is launching Vector.fun.
In essence, the project can be described as a SocialFi experience that combines trading with social engagement in one mobile app.
The Road to Vector.fun
Tensor’s Gen-Z-focused approach tries to make meme coin trading more accessible to “normies,” as Tensor co-founder Ilja Moisejeves put it on X. According to Tensor’s founders, everything about trading and crypto is “inherently social.” The main way it tries to achieve this is by making it a shareable experience, driving home the essence of community trading.
“It’s a new way to trade. It’s internet finance in every pocket. It’s how your normie friend gets into crypto. It’s the #1 app in appstore in 2025. Or it’s a f**king dud and I’ll be fired. I guess we’ll find out,” said Tensor co-founder Ilja Moisejevs on X.
As co-founder Richard Wu described on X, the project’s idea arose from a need for a solution to NFT fatigue. The project has been in development over the last eight months, a process the founders described as grueling.
“I probably had 1 weekend off since TGE. One of our BD guys retrained as PM to help with the load. People pulled 20hr days. Engineers slept in the office. 100s of feedback calls. 1000s of PRs. If you think Tensor was built fast…. my god, let me tell you, this thing is 10x more feature-full and was built 10x faster. The team was stupid locked in,” said Tensor co-founder Ilja Moisejevs on X.
Earlier this week, they opened up early access to their waitlist. Shortly after, they had to suspend sign-ups due to high demand, an auspicious sign. Those who’ve already signed up will be granted access in the coming weeks. The existing holders of their NFT collection can confirm ownership on Discord.
In 2023, Tensor emerged as a strong player in the Solana NFT space. But as they debut this trading terminal, repeating that success remains to be seen as they enter this highly competitive atmosphere.
Over the last year, meme coin trading has boomed, largely thanks to Pump.fun, which enables users to create tokens easily and cheaply. Some tokens, like Peanut the Squirrel (PNUT) and Goatseus Maximum (GOAT), have even reached impressive market caps, bringing substantial gains to early investors.
Even with impressive examples like these, most meme coins experience quick deaths. History has proven the same for SocialFi.
The Sad Saga of SocialFi
In late 2024, SocialFi platforms like Farcaster, Lens, and Friend.Tech began seeing a steep decline in user activity. Farcaster, a platform focused on user privacy and data control, experienced a substantial drop in daily active users (DAUs), from 67,000 in July to 34,000 in October, despite acquiring $150 million in funding earlier this year.
Friend.Tech also saw a tumble in revenue. Originally yielding over $4 million in fees in September 2023, developers have since renounced control of its smart contract.
Now, they can no longer make changes or claim ownership. As of June, the project no longer generates any revenue.
These struggles highlight challenges in maintaining user interest in the SocialFi space despite large investments and early excitement. However, the recent meme coin craze serves as an ideal launchpad for Vector.fun to take off, testing the arena for SocialFi readiness in the community.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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