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Why FET Price May Drop To Two-Month Low

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FET has experienced a 5% decline over the past week and now faces further downward pressure as dormant token holders reactivate and move their coins.

With bearish sentiment prevailing and insufficient demand to absorb the increased supply, FET’s price is likely to continue its downward trend.

Old FET Tokens Back in Circulation

During the intraday trading session on Wednesday, FET recorded a significant surge in its age consumed. The metric, which tracks the movement of long-held coins, surged by over 600% in a single day, reaching 1.33 billion — its highest since September 13. 

When an asset’s age consumed spikes, it indicates that many previously inactive coins or tokens have recently been moved or traded. These spikes are often noteworthy because long-term holders rarely move their assets. Therefore, when they happen,  they are often a precursor to a change in market dynamics. 

Read More: How Will Artificial Intelligence (AI) Transform Crypto?

FET Age Consumed
FET Age Consumed. Source: Santiment

Generally, when dormant coins re-enter circulation, it indicates renewed activity from long-term holders. However, the market must show strong demand for this to translate into positive growth for an asset’s price. 

In FET’s case, this is lacking as market sentiment toward the altcoin remains bearish. Hence, these previously stagnant coins have re-entered the market during a period of weak demand, adding to the downward pressure that the altcoin already faces. 

Currently, FET’s price sits below its 20-day exponential moving average (EMA) and 50-day small moving average (SMA), confirming the weakening demand. The 20-day EMA measures its average close price over the last 20 trading days, while the 50-day SMA is a longer-term indicator that tracks the asset’s average closing price over the past 50 days.

FET 20-Day EMA/50-Day SMA
FET 20-Day EMA/50-Day SMA. Source: TradingView

When an asset’s price trades below these key moving averages, selling pressure outweighs buying activity. Traders interpret this setup as a signal for further downward movement. 

FET Price Prediction: Token May Revisit Two-Month Low

Readings from FET’s moving average convergence/divergence (MACD) indicator show that its MACD line (blue) is below its signal line (orange) and is poised to breach its zero line. When this indicator, which tracks an asset’s trend direction and potential price reversal points, is set up this way, buying pressure is weakening, and a sustained price decline is likely.

If FET continues to witness a decrease in demand, its price may fall to a two-month low of $0.70. 

Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

fet price prediction
FET Price Analysis. Source: TradingView

However, if market sentiment shifts from bearish to bullish, FET’s price may initiate an uptrend and rally toward $2.09.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Tether Injects $7 Billion into the Market in Six Days

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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.

tether USDT minting
Tether’s USDT minting throughout Bitcoin’s price surge in November. Source: Lookonchain

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Token Price Hits $0.75 – Can the Rally Continue?

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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.

XRP Ichimoku Cloud
XRP Ichimoku Cloud. Source: TradingView

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.

XRP CMF
XRP CMF. Source: TradingView

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.

XRP Price Analysis
XRP Price Analysis. Source: TradingView

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Tensor’s Vector.fun Tests SocialFi Viability Amid Meme Coin Hype

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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.

Friend.Tech Revenue. Source: Dune.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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