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November saw meme coins thrive, with PNUT and others showing massive gains. As market conditions shift, these five tokens are primed for potential growth into December.
The rally began in November after Republican election wins boosted confidence in US-linked tokens like Ripple-backed XRP.
Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said.Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.
President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the “bitcoin capital of the world.”Dogecoin is the world’s sixth-largest cryptocurrency with a market cap near $60 billion.
- 2025/01/30 21:23ECB cuts rates by 25 bps as expectedOn January 30, Gold Ten reported that the ECB cut the deposit facility rate by 25BP to 2.75%, in line with market expectations and the fourth consecutive meeting of a 25BP rate cut. The main refinancing rate and marginal lending rate were lowered from 3.15% and 3.40% to 2.90% and 3.15% respectively.
- 2025/01/30 21:21Mizuho: MSTR Position Expected to Reach 783,000 BTC by the End of 2027, Coin Price Rises to $166,000On January 31, Mizuho Securities believes that the price of Bitcoin has 30% more room to rise in the next three years, which is why the firm rates MicroStrategy's stock as an outperform, according to TheBlock. Mizuho analysts, led by DanDolev, point to Bitcoin's growing global adoption and a more favorable political environment under U.S. President Donald Trump. Assuming that adoption growth continues on the same trajectory as before through 2027, this would imply that the price of Bitcoin would rise 25-30% per year. MSTR's bitcoin holdings are expected to reach 783,000 by the end of 2027, with the market price of bitcoin rising to $166,000, implying an MSTR position worth $130 billion.
- 2025/01/30 19:49Market news: Artificial intelligence (AI) startup ElevenLabs raises funds at over $3 billion valuationGolden Finance reports on market news: Artificial intelligence (AI) startup ElevenLabs raised funds at a valuation of over $3 billion.