Market
VanEck Europe Launches SUI ETN Amid Price Surge
VanEck Europe launched a new exchange-traded note (ETN) based on SUI today. This product is available in 15 European countries and is one of several new VanEck ETNs in this market.
Amidst this development, SUI’s price is experiencing massive spikes.
VanEck Europe’s ETN Approach
According to a new press release, asset manager VanEck’s European branch is launching an exchange-traded note (ETN) based on SUI. This product will be available in 15 European countries, several of which are not in the EU. ETNs are very similar to ETFs, but they are riskier assets with generally looser regulatory restrictions.
VanEck Europe has been on a spree of ETN activity recently. Last week, it offered a PYTH-based ETN for the same 15 countries, available through the same exchanges. In October, it also added staking rewards to its pre-existing Solana ETN, which is again in Europe. The firm’s press release did not discuss its European ETN strategy but did focus on its choice of SUI.
“In our view, [Sui] has strong growth potential, because its consistently low transaction costs make it a real alternative to older blockchains. The VanEck Sui ETN gives investors the opportunity to participate in the development of this promising blockchain network in a… comparatively simple way,” said Menno Martens, Crypto Product Manager at VanEck Europe.
Martens also praised the Sui blockchain’s scalability and user-friendly design. VanEck Europe’s CEO Martijn Rozemuller also praised its transaction speeds, calling it a bridge between Web2 and Web3. Their choice of SUI is quite timely because it’s currently enjoying an all-time high with tremendous price spikes.
SUI reached this price spike on November 12, one day before the announcement. By the next morning, however, commentators noticed several bearish signals that might indicate a deeper decline. Shortly afterwards, HIPPO, the first SUI meme coin, launched, and this helped propel a continued market interest.
Between VanEck Europe’s announcement and SUI’s first meme coin, investor hype may be able to overcome some of these ominous long-term prospects. The entire crypto market is experiencing an unprecedented series of bullish portents, and SUI is no exception. Future development may or may not shake investor confidence, but that confidence has been bolstered today.
For now, this bullish signal for SUI is just one piece in VanEck Europe’s broader ETN strategy, whose overarching goals are unclear. All these ETN offerings in the last month have concentrated within this region, and the firm may continue to launch new products.
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
3 best AI altcoins under $1 that could deliver huge returns in early 2025
If you’re trying to decide on the best AI altcoins under $1 then it’s worth taking a look at three that many analysts agree offer huge growth potential: RCO Finance (RCOF), The Graph (GRT), and Basic Attention Token (BAT).
Among these three, a growing number of crypto experts are increasingly favoring RCOF because of its lower entry price.
RCO Finance: The Future of DeFi with AI Trading and No-KYC Access
RCOF is one of the best AI altcoins that powers innovative AI-powered DeFi solutions in the RCO Finance ecosystem. The AI robo advisor of RCO Finance is a great tool that simplifies investing and trading by offering investment strategies.
It can also locate emerging market trends and alert you in real-time. It continuously analyzes live market data from sources like Reuters and Bloomberg and provides insights quickly.
For example, the crypto market has crumbled with the rise of DeepSeek AI and BTC has dropped below $100,000. Imagine getting this news before everyone and shorting BTC with 1000x leverage options offered in the RCO Finance platform.
You could have made a massive amount of money with just $100. In addition, the AI robo advisor can automatically adjust your portfolio in real-time without your intervention. RCO Finance is just in the presale stage and has already shipped its beta platform to the public.
Check out its beta version and analyze its capability yourself now. Moreover, RCO Finance takes privacy seriously and offers a KYC-free ecosystem. This has eased the onboarding process and guarantees the anonymity of users joining the platform.
GRT Signals Bullish Reversal Despite Recent Decline
On January 10, 2025, The Graph introduced Geo Genesis, a Web3 application designed to decentralize knowledge sharing. Geo Genesis allows users to manage, share, and govern knowledge through collaborative hubs called “Spaces.”
Built on the GRT network, it uses the GRC-20 data standard to enable unified knowledge graphs. Yet, GRT was trading around $0.16 in late January, with a decrease of over 20% in the past week.
Despite this, analysts say that GRT is showing a sign of bullish divergence in the RSI. They expect GRT to reverse the trend and move upward toward $0.30. This shows analysts’ belief in GRT, making it one of the best AI altcoins under $1.
EMA Re-Test Could Pave the Way to $0.30 for BAT
BAT is another of the best AI altcoins under $1, trading around $0.21 in late January. Analysts say that BAT has reached a significant resistance and is getting rejected at $0.25.
In the short term, this could slow down the upward momentum. However, re-testing crucial EMAs could be a vital area of focus. If BAT can break above $0.24, it could head toward $0.30 or higher.
Amid these, crypto experts predict that new crypto could outshine other best AI altcoins like BAT and GRT. It would be wise to add this new altcoin–RCOF for huge gains of up to 500x in early 2025.
RCOF Emerges as a Top Pick Among Best AI Altcoins with $12M Presale Success
RCOF token presale is attracting every investor who wants to buy the best AI altcoins and has raised nearly $12 million by late January. Currently, in Stage 5 of its public presale, RCOF has a great entry point of $0.10 among other AI altcoins under $1, like GRT and BAT.
In Stage 6, RCOF will be available at $0.13 per token, a 30% increase from the current stage. Investors are in FOMO mode, with many rushing to buy this AI altcoin because of its potential for huge returns in early 2025.
If RCOF gets listed on top-tier exchanges like Binance and Coinbase, some experts are convinced it will return over 500x profits. They also expect the adoption of the RCO Finance platform by institutional investors for investment.
In addition, the RCO Finance platform is secure, and its smart contracts are fully safe, as suggested by SolidProof.
For more information about the RCO Finance Presale:
Market
Movement Labs Advises D.O.G.E. on Blockchain Use Cases
Movement Labs’ MOVE token spiked significantly today after rumors that it’s advising Elon Musk’s D.O.G.E. The modular network is reportedly in contact with the organization, but the reports remain unconfirmed.
World Liberty Financial (WLFI), the Donald Trump-backed DeFi project, also purchased around $2 million in MOVE tokens, suggesting some correlation between the company and Trump’s administration.
Movement Labs Advises D.O.G.E.
The Department of Government Efficiency (D.O.G.E.), a new quasi-government organization headed by Elon Musk, is exploring the role of blockchain. Several key crypto companies have rallied behind it, and rumors began circulating today that Movement Labs is advising D.O.G.E.
Its co-founder, Rushi Manche, alluded to these rumors after WLFI started buying MOVE earlier today.
“The strategic MOVE stockpile. We are proud to be the first altcoin, first modern blockchain platform, and first alternative virtual machine under the new administration. MOVE is Made in America,” Manche claimed on X (formerly Twitter).
There are no confirmed details about this potential collaboration, but this statement is lending credence to rumors. Trump’s crypto project World Liberty Financial (WLFI) purchased around $2 million worth of MOVE tokens, clearly showing some connection.
Even so, it’s currently unclear what exactly Movement Labs is planning to contribute to D.O.G.E. Nonetheless, these D.O.G.E. rumors have caused huge spikes in Movement Labs’ MOVE token.
The token gained nearly 100% after launching on Binance in December 2024. Within a week of launch, it reached a peak price of $1.45 and a market cap of $2.7 billion, but it saw consecutive corrections.
Earlier this month, Movement Labs announced $100 million in Series B seed funding. After these rumors took off, MOVE jumped up over 15%.
In general, it seems safe to assume that Movement Labs is contributing to D.O.G.E.’s existing inquiries. Musk directed the Department to explore blockchain’s use cases for reducing government spending, so the company is probably tackling this question.
However, the firm is yet to make any affirmation of these rumors or any other potential indicators other than the latest WLFI investment.
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 Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85
After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark.
XRP Bulls Push Toward $3.85 ATH Price
During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025.
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The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis.
The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum.
Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85.
While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin.
Possible Market Dip Ahead
As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum.
Related Reading
He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
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