Market
The next Pepe with a potential for 1,000% gains
Meme coins are doing well in 2024, helped by the ongoing crypto bull run and the fear of missing out. Pepe coin has emerged to be one of the best-performing cryptocurrencies this year as it jumped by 1,472% from its lowest point in January. This article explores why Pepe may continue rising and why crypto analysts are turning to iDEGEN.
Pepe price has room to rally
Pepe coin has done well this year, helped by the ongoing crypto rally and strong demand from investors. The number of holders has jumped to over 330,000, much higher than 296,000 a few weeks ago, a sign that it has strong demand.
Technicals suggest that the Pepe Coin price has more room to grow in the coming months. On the daily chart, we see that the coin has formed a few bullish patterns that could lead to more gains.
It has formed a cup and handle pattern, which is a popular continuation sign in the market. This pattern is made up of a horizontal line that connects two peaks, followed by a pullback and a rounded bottom. The asset then forms a consolidation, which becomes part of the hand. In most cases, this pattern usually leads to more gains.
Pepe has also moved above all moving averages and has formed a bullish flag candlestick pattern. This pattern forms when an asset forms a vertical line and a rectangle. In most cases, this is one of the most bullish patterns.
Therefore, there is a likelihood that the price of Pepe will bounce back and jump to the year-to-date high of $0.000026, which is about 34% above the current level. A move above that point will signal more gains in the coming months.
On the flip side, a drop below the key support level at $0.00001720 will invalidate the bullish view in the near term.
Investors are piling into iDEGEN
Cryptocurrency investors are moving to iDEGEN, one of the fastest-growing players in the industry. Data on its website shows that it has already raised over $1 million in less than three days, making it one of the fastest-growing players in the industry.
iDEGEN is an upcoming crypto project that is at the intersection of meme coins and artificial intelligence. Unlike other crypto projects, it does not have any knowledge or information prior to being birthed. Instead, it is created to learn new information daily. One of its top advantages is that it reads and responds to all X posts tagging it, including links.
Crypto analysts are bullish on the iDEGEN token because of the ongoing growth of AI coins and the ongoing bull run. Also, digital coins are firing on all cylinders, with most coins being in a strong bull run.
Bitcoin is nearing $100,000, and if this happens, it will likely jump to over $200,000 in the next few months or years. If this happens, new thematic tokens will replicate the rally. Just recently, we have seen several meme coins like PNUT, ACT, and GOAT surge. This means that the iDEGEN token could replicate this performance. Learn more about iDEGEN here and follow it on X here.
Market
The Biggest Names in Blockchain in 2024 Revealed
As an industry, blockchain has consistently outperformed expectations. Currently, it’s poised to reach $248.9 billion over the next 5 years, driven by a staggering 65.5% compound annual growth. This explosive expansion stems from the technology’s innate ability to reshape a vast array of industries via the tenets of decentralization, transparency, and security.
The Potential of Blockchain
A number of key developments have accelerated not just the growth of blockchain, but also its integration into the mainstream. Support from other Big Tech sectors like gaming and fintech has raised the profile of decentralized currencies, in turn bringing the networks that power them to the fore.
This has made some very significant changes. In the gaming industry, for example, the emergence of new platforms and gaming experiences, from Bitcoin casino websites to play-to-earn titles, has pushed the utility of blockchain as much as it has opened access to cryptocurrencies for the average consumer. Cryptocurrencies have enormous potential when being used in the casino world – not least because of the security boost that they offer – and many enthusiastic gamers have moved toward using these for all sorts of online gaming fun, whether it’s slots, poker, blackjack, or something else. This is just one example of how blockchain is changing industries from top to bottom.
Moreover, the application of blockchain to fintech has given rise to DeFi – the decentralized finance sector, which is having a revolutionary impact on financial systems across the globe. It’s transforming digital ownership via non-fungible tokens (NFTs) and digital assets. Alongside all that, blockchain is being increasingly integrated into traditional banking methods.
And as a result of such advancements? Well, a diverse set of companies are now harnessing the potential of blockchain — in some genuinely innovative ways. In this article, we’ll explore those heavy-hitting blockchain companies that are pioneering a unique approach to demonstrating the versatility of this technology, underscoring its pivotal role in the future of international business.
Key Takeaways
- Major blockchain developments include GameFi, decentralized finance (DeFi), NFTs, smart contracts, and integration into traditional sectors like banking and logistics. These trends showcase technology’s ever-growing role in transparency and efficiency.
- A diverse group of companies is leading blockchain innovation, from computing giants creating new digital asset ecosystems to start-ups focusing on decentralized data management and peer-to-peer transactionality.
- With blockchain advancing so rapidly, businesses from across all industries can stay competitive by harnessing its potential to establish secure and efficient operational systems.
Blockchain Companies to Know
Here’s a round-up of the core blockchain companies to know as we head into 2025. While some exclusively operate in the blockchain space, you might recognize a few household names who are leading the charge when it comes to utilizing and advancing blockchain tech.
RIOT Platforms Inc.
Exchange: Nasdaq
Mining is an essential component of the decentralized ecosystem, being critical to Bitcoin and leading blockchain networks. Riot Platforms has been a top player in the crypto mining space since its launch in 2000, and now offers solutions across engineering and data center hosting. Often rated as a Wall Street Strong Buy, the company maintains investments in Verady, Coinsquare, and Tess.
Ripple
Known among gamers and traders for the XRP token, Ripple is actually a powerhouse company in the decentralized technology sector.
Having developed its blockchain network over a decade, Ripple is well positioned as a company delivering products that enable businesses, governments, and financial institutions to tokenize and manage value. Transparency and cost-efficiency are at the center of the blockchain’s offering, which has seen it attract a client base including American Express and BMO.
Coinbase Global, Inc.
Exchange: Nasdaq
The US’ largest cryptocurrency exchange by trading volume, Coinbase is another multi-faceted blockchain company. It’s got a whole suite of products for retail and institutions. Founded in 2012 by Bryan Armstrong, the company is headquartered in San Francisco and incorporates Coinbase Pro, Coinbase Wallet, and USD Coin.
Coinbase’s profile has received a substantial boost this year due to playing a crucial role in the brokerage of spot Bitcoin ETFs.
Binance Holdings Inc
Who hasn’t heard of Binance at this point? Globally recognized, this blockchain ecosystem has developed a comprehensive suite of decentralized products that include the largest digital asset exchange. Founded by Changpeng Zhao in 2017, Binance’s mission is to provide the “core infrastructure services for organizing the world’s crypto.”
Crypto insiders will already be familiar with its currencies: Binance Coin (BNB) and BinanceUSD (BUSD). While it was first launched on the Ethereum chain, BNB has since migrated to the company’s own proprietary network, the BNB Chain, indicating its industry-leading position in the blockchain and crypto space.
IBM
Exchange: NYSE
The multi-national computing giant is well established in the Big Tech space. For decades, its extensive suite of cognitive solutions and cloud platform have powered industries, enterprises, and individuals across the globe – not a bad record!
With a 100+ year history in spearheading innovation, IBM has long been at the forefront of pushing the capabilities of human-tech interaction. It’s therefore not super surprising that it’s been one of the largest names to embrace blockchain and now provides extensive solutions to build blockchain systems across a diverse spectrum of industries, from supply chain management to food product sourcing.
Market
Ripple (XRP) Price Faces Consolidation After 181% Rally
Ripple (XRP) has surged 181.38% in the past 30 days, demonstrating strong market momentum. After reaching $1.63, XRP is now consolidating, with its RSI at a neutral 53.2, signaling balanced market conditions.
If bullish momentum builds, XRP could retest $1.63 and climb toward $1.70, its highest level since 2018. However, a downtrend might push the price down to $1.27 or even $1.05.
XRP Is Currently In A Neutral Zone
XRP RSI currently sits at 53.2, reflecting a neutral momentum after the recent price surge. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale from 0 to 100.
Values above 70 indicate overbought conditions, often signaling a potential pullback, while values below 30 suggest oversold levels, hinting at recovery potential. XRP RSI was above 70 between November 21 and 23, during its rally to $1.63, highlighting the overbought state at that peak.
At 53.2, XRP’s RSI indicates a cooling of bullish momentum but does not signal a reversal yet. This neutral level suggests that the coin is consolidating after its recent gains, leaving room for further upward movement if buying pressure returns.
However, if the RSI trends lower, it could indicate weakening sentiment, potentially leading to a pullback.
Ripple CMF Turned Negative
Ripple CMF is currently at -0.05, down from 0.10 when its price peaked at $1.63 a week ago, reflecting reduced capital inflows. The CMF, or Chaikin Money Flow, measures the volume-weighted flow of capital into or out of an asset, with positive values indicating buying pressure and negative values suggesting selling dominance.
The drop to negative territory signals that selling pressure is starting to outweigh buying activity, although not yet significantly.
At -0.05, XRP’s CMF indicates slight bearish sentiment but remains above the -0.15 level seen on November 21. This suggests that while selling pressure is increasing, it is not as intense as during previous corrections.
If the CMF trends further downward, it could signal more selling and a potential XRP price decline.
Ripple Price Prediction: Can It Go Back to 2018 Levels?
XRP EMA lines remain bullish, with short-term lines positioned above long-term ones, signaling an ongoing uptrend. However, the narrowing gap between the lines suggests weakening bullish momentum, indicating a possible trend reversal.
If a downtrend emerges, Ripple price could test the strong support at $1.27. If that level fails to hold, the price could drop further to $1.05, reflecting a more significant correction.
On the other hand, if buying pressure strengthens and a new uptrend forms, XRP price could retest its recent high of $1.63. Breaking this level could push the price to $1.70, marking its highest value since 2018.
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
Less Than 5% Away From Historic $100K
Bitcoin (BTC) is approaching a $2 trillion market cap, currently at $1.89 trillion, after rising 38% in the past month and breaking new all-time highs in November. Expectations remain high as BTC price nears the $100,000 milestone, a level it is less than 5% away from reaching.
While the ADX suggests the trend is weakening, the NUPL indicates that BTC is far from the “Euphoria” zone, reducing the likelihood of strong corrections.
BTC’s Trend Is Losing Steam
Bitcoin ADX, currently at 17.4, reflects a weakening trend compared to its value of 26 just two days ago. The ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100, without indicating its direction. Values above 25 signify a strong trend, while values below 20 indicate weak or no trend.
BTC current ADX suggests that although it is still in an uptrend, the momentum driving it has significantly weakened, signaling potential consolidation or a slowdown in the bullish movement.
Bitcoin NUPL Is Still Far From Euphoria
BTC NUPL, or Net Unrealized Profit/Loss, currently stands at 0.61, placing it in the “Belief — Denial” zone since October 14. NUPL evaluates the ratio of unrealized profits to losses, providing insight into market sentiment.
This level indicates growing bullish confidence as holders remain in profit, reflecting optimism about further price increases.
While at 0.61, BTC’s NUPL is still below the 0.7 threshold, which signals entry into the “Euphoria” zone. Historically, crossing into “Euphoria” often leads to strong corrections as profit-taking accelerates.
This current position allows room for BTC price growth before reaching risky levels, suggesting that the uptrend may continue without immediate overextension.
BTC Price Prediction: Is $100,000 Possible In November?
Following a slight correction in recent days, Bitcoin price is now less than 5% away from reaching the historic milestone of $100,000. The ADX suggests that the current trend is losing strength, which could delay BTC’s approach to this key level.
However, the NUPL indicates that the market is still far from the “Euphoria” zone, suggesting that strong corrections are unlikely at this stage.
If the uptrend regains momentum, BTC price could breach $100,000 and potentially test $105,000 in the near term. Conversely, if a downtrend emerges, the price may fall to $88,000 before making another attempt to push higher.
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.
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