Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Analytics Firm Analyzes Funding Rates in Bitcoin – Here’s How to Interpret Them and the Movement in the Recent Drop
Cryptocurrency analytics firm Alphractal has provided insight into the latest Bitcoin market dynamics by revealing the relationship between the Funding Rate of perpetual futures contracts and Bitcoin price action. The Funding Rate, which reflects the balance between buyers and sellers, tends to rise when optimism dominates the market. A high Funding Rate usually indicates an increase in long positions as traders expect further price increases. However, Alphractal’s analysis points to an interesting deviation in current market behavior. While the Funding Rate remains high, Bitcoin’s price has begun to fall. The company outlines three possible explanations for this phenomenon: Over-Optimism: A wave of longs entered the market during Bitcoin’s recent price rally, inflating the Funding Rate. However, the lack of sustained buying pressure triggered a price correction. Selling Pressure: Long holders taking profits or strategically entering short positions at high Funding Rate levels may have caused prices to pull back. Short-Term Support: Despite the decline, a positive Funding Rate indicates market confidence. A stabilization or further decline in the Funding Rate could provide clues about a potential shift in sentiment. Related News Big Bull Michael Saylor Shares Draft to Spark Bitcoin Revolution in the US Alphractal warns that the combination of a persistently high Funding Rate and falling prices could increase the risk of liquidation in the market. Tracking the trajectory of the Funding Rate could be crucial to predicting Bitcoin’s next moves. *This is not investment advice.
Potential Price Targets for Hyperliquid, Movement, and Bitget Token After Significant Gains This Week
Crypto markets witnessed surprising resilience this week as Hyperliquid, Movement, and Bitget Token outperform with remarkable double-digit price gains. The ongoing bullish momentum suggests a continued positive outlook for these altcoins, with potential price targets being reevaluated upwards. According to experts, “The current upward movement signals a shift in market sentiment, which could attract more institutional interest,” as noted in COINOTAG’s latest report. This week, altcoins Hyperliquid, Movement, and Bitget Token experienced significant price increases, drawing renewed investor interest and bullish sentiment. Hyperliquid (HYPE): Sustaining Momentum Hyperliquid has emerged as a strong contender in the altcoin market, recording a notable 55% price increase since the start of December. This trend follows its performance in the previous weeks, indicating a sustained interest from traders and investors alike. The surge in HYPE’s price can largely be attributed to reduced selling pressure alongside recent exchange listings on major platforms like KuCoin and Gate.io. These listings expand accessibility and significantly enhance trading volume for the token, allowing it to thrive in a competitive marketplace. Technical indicators further support this bullish outlook. The Bull Bear Power (BBP) index, which assesses buyer versus seller strength, currently shows the bulls asserting dominance. As depicted in the 4-hour chart, this control may see HYPE prices target the $42.24 mark in the near term. Despite the bullish sentiment, caution is warranted. If HYPE becomes significantly overbought, a potential correction might drag the price down towards $26.16. Movement (MOVE): Riding the Wave of Optimism Movement’s token MOVE has recorded an impressive rise of 51.60%, driven by bullish market sentiment and heightened buying pressure. The recent surge has brought MOVE’s price to $1, marking an essential psychological milestone for traders. The driving forces behind this rapid price ascent include additional buy orders and a favorable technical landscape, as suggested by the Awesome Oscillator (AO) which continues to trend upward. Analysts project that if this upward momentum continues, MOVE could reach as high as $1.44. Nevertheless, the token faces critical resistance at the $1.06 level, which it needs to overcome to maintain its upward trajectory. If it fails to breach this barrier, a downturn to $0.76 could be imminent. Bitget Token (BGB): Breaking New Barriers Lastly, Bitget Token (BGB) has seen robust growth, climbing by 42.60% this week and successfully breaking the critical psychological price point of $4. The outlook appears favorable as BGB has consistently traded within an ascending channel, indicating a potential to create higher lows and highs. The overall positive trading volume hints at further bullish movement. Technical indicators support this, suggesting that the token could see prices advance towards $6 if the upward trend continues. However, investors should keep an eye on potential profit-taking, which could lead to a price correction back toward $2.91 if selling pressure mounts. Conclusion The altcoin market displays a notable shift with HYPE, MOVE, and BGB leading the upward charge, illustrating a resilient investment landscape. As each token exhibits promising bullish indicators along with essential price target considerations, traders and investors should approach with both enthusiasm and caution, remaining aware of underlying market forces that could alter this trajectory. In Case You Missed It: ARK Invest Reduces Coinbase Holdings Amid Market Fluctuations and Bitcoin Price Drop
Movement (MOVE) Leads Weekly Crypto Gains Amid Market Volatility
In a week marked by volatility, crypto assets exhibited dramatic shifts, with notable gainers and losers capturing market attention. The significant gains of Movement, Hyperliquid, and Bitget Token contrasted sharply with the losses of Dogwifhat, Aptos, and Gala, illustrating the unpredictable nature of cryptocurrency trading. According to COINOTAG, the fluctuations in trading volumes have been critical indicators of market sentiment this week, suggesting a cautious approach among investors. This article provides a comprehensive review of the week’s biggest movers in the crypto market, highlighting key gainers and losers, with insights into trading trends. Market Movements: The Trends of the Week This week in the cryptocurrency market, volatility took center stage as assets reflected dramatic fluctuations. The noteworthy performance of Movement (MOVE), which surged by 45.1%, signals underlying investor interest in emerging trends. Meanwhile, hyperliquid trading environments, exemplified by Hyperliquid (HYPE), captured significant attention as it achieved a remarkable climb. Investor Interest and Trading Volume Importance Trading volume plays a pivotal role in assessing market health. Insights from this week’s performance suggest that as trading volumes spiked during the ascent of the top gainers, a decline in volume tends to accompany pullbacks, indicating profit-taking behavior. Such patterns reflect a calculated trading strategy among investors, reinforcing the notion that liquidity is crucial in the volatile cryptocurrency ecosystem. For instance, Move’s high trading volume during its ascent indicated strong bullish sentiment but fell off sharply post-peak, suggesting profit-taking. High-Profile Losses Reflect Market Sentiment On the other end of the spectrum, significant losses among tokens like Dogwifhat (WIF) and Aptos (APT) drew attention to shifting investor sentiment. Investor reactions to sudden leadership changes, such as the resignation of Aptos’ CEO, illustrate the sensitivity of the market to perceived risks. The ensuing drop in value underscored the importance of stability and governance within blockchain projects, leading to pronounced investor caution. The Week’s Implications for Investors As the market continues to experience rapid shifts, understanding the drivers behind these movements becomes essential for informed decision-making. The events of this week highlight the need for robust risk management strategies and thorough research before committing funds to volatile assets. Investors must stay vigilant and consider both macroeconomic influences and specific asset fundamentals to navigate along these turbulent waters of cryptocurrency. Adapting Trading Strategies in Response to Market Trends In light of the observed volatility, it becomes vital for traders to adapt their strategies accordingly. Implementing stop-loss orders can help mitigate risks, while keeping abreast of market news may provide valuable context for trading decisions. Moreover, diversification across various assets can hedge against losses and provide exposure to potential high performers without overexposing capital to any single asset’s performance. Conclusion As this week’s recap illustrates, the crypto market remains a landscape of potential profits and steep losses. Continuous monitoring of market trends and asset performance is essential for both short-term traders and long-term investors. Ultimately, practicing diligent research and understanding market indicators can lead to more informed investment decisions. Source: TradingView Source: TradingView In Case You Missed It: Aave’s Growth Potential: User Engagement and Innovation Drive DeFi Leadership
MOVE briefly broke through $1.1
MOVE has broken through 1.1 US dollars in a short period of time and is now reported at 1.04465 US dollars, with a 24-hour increase of 47.49%. The market is volatile, so please be prepared for risk control.
The encrypted market is rising across the board, COW has increased by more than 30% in 24 hours
On December 21, according to market data, after the extreme bearish trend in the crypto market yesterday, a rebound began last night and has been rising across the board. As of press time: · BTC is currently reported at $97,349, basically erasing its previous decline in the past 24 hours · ETH is currently reported at $3,462 with a 24-hour increase of 0.8% · VANA is currently reported at $22.18 with a 24-hour increase of 38.8% · COW is currently reported at $0.87 with a 24-hour increase of 30.6% · MOVE is currently reported at $1.03 with a 24-hour increase of 28.5% · ENA is currently reported at $1.22 with a 24-hour increase of 24.5%
What is MOVE Token and How It Rose to the Top 100 Cryptos
The Movement (MOVE) token is a standout performer in the crypto market, powered by its innovative Ethereum Layer-2 scaling network, the Movement Network. Built using the Move programming language, this blockchain aims to enhance scalability, security, and performance for developers and users alike. By TradingView - MOVEMUSD_2024-12-21 (1M) What is MOVE Token: History and Recent Performance Launched on December 9, 2024, with the Token Generation Event (TGE) and a highly successful "MoveDrop" airdrop, the MOVE token initially gained significant traction. It hit an all-time high (ATH) of $1.45 on December 10, 2024, shortly after its launch. Today, MOVE is trading at $0.9935, reflecting a 43.8% surge in the past 24 hours, following an intraday low of $0.6851 and a high of $1.12. Despite being 29.97% below its ATH, the token has consistently shown resilience, outperforming most other cryptocurrencies during the recent market recovery. By TradingView - MOVEMUSD_2024-12-21 (1D) MOVE Tokens Distribution Plan: A Smart MOVE The MOVE token has a carefully planned distribution model designed to support its ecosystem and incentivize growth: Ecosystem and Community (40%): Reserved for staking rewards, ecosystem initiatives, and user incentives, fostering a vibrant and active network. Early Backers (22.5%): Allocated to early investors who provided financial and strategic support during the development phase. Early Contributors (17.5%): Dedicated to individuals who contributed to the project’s growth, including developers, strategists, and marketers. Foundation (10%): Used to support the ongoing operations of the Movement Network Foundation, ensuring sustainability and development. Initial Claims (10%): Distributed through the "MoveDrop" airdrop, rewarding early users and community participants with 1 billion MOVE tokens (10% of the total supply). By TradingView - MOVEMUSD_2024-12-21 (All) MOVE Recent Hype: How It Rose to the Top 100 Cryptos 1- MOVE Token Performance: A Weekly and Monthly Highlight MOVE’s market capitalization of $2.25 billion ranks it at #57 among top cryptocurrencies, reflecting strong investor confidence. While many tokens struggled during the recent market crash, MOVE’s rapid recovery positions it as a top-performing crypto for the day, week, and month. By TradingView - MOVEMUSD_2024-12-21 (YTD) 2- Factors Driving the MOVE Performance When it comes to the MOVE token standout, here are the factors driving the MOVE token performance: Market Resilience: Amid a volatile crypto market over the past two days, MOVE has emerged as a strong contender, showcasing impressive intraday and weekly gains. Increased Adoption: Its Layer-2 scaling solutions have attracted significant attention from developers and blockchain enthusiasts. Exchange Listings: With major platforms like Binance and Coinbase supporting MOVE, liquidity and trading volumes have surged. Community Backing: The success of the "MoveDrop" airdrop has amplified its community-driven hype. 3- Why MOVE Is Worth Watching With a robust foundation, innovative technology, and strong market momentum, the MOVE token continues to defy the odds in a turbulent market . Its growing adoption, community support, and performance consistency make it a leading choice for investors seeking high-growth crypto assets.
MOVE Token Is Live as Airdrop Mania Sweeps the Market – Find Out If You Qualify
Last updated: December 20, 2024 12:58 EST The MOVE token price has dropped by 6% in the past 24 hours, with the new ERC-20 coin slipping to $0.694 as the crypto market falls by 13% today. While MOVE surged immediately upon its listing on December 9, it has since suffered a big comedown, with the alt actually down by 52% in relation to its record of $1.45 (set on December 10). These losses have come in the wake of its public airdrop, with many of the recipients of MOVE selling their tokens already, dragging down its price. Yet the coin’s fundamentals, as the native token of the Movement layer-two network, makes it one of the best tokens to buy at the moment. MOVE Token Is Live as Airdrop Mania Sweeps the Market – Find Out If You Qualify Eligibility in MOVE’s airdrop was based around whether an individual was active in the coin’s testnet activity, including quests and hackathons. Testnet users had to be active prior to a November 23 snapshot, while they also had until December 2 to register for the drop. As such, anyone who didn’t meet this December 2 deadline will be unable to claim any tokens from the drop, which has now already taken place. The airdrop distributed 10% of MOVE token’s overall supply of 10 billion tokens, meaning that 1 billion MOVE has recently entered the market. Source: TradingView The coin’s chart reflects this, with MOVE’s price descending from a ten-day high of $0.8778 last night to about $0.705 as of writing. According to DEXTools , it’s down by 14% in six hours, but up by 4.7% in a week. It currently has a market cap of $1.5 billion and a holder count of roughly 11,000, with the coin listed on Uniswap and also a range of CEXes (e.g. Binance, OKX, Bybit, Bitget). Given Movement’s potential as a layer-two network, MOVE token has every chance of returning to growth in the near future. Its native platform has a unique selling point in that it’s based around the MOVE programming language, the proponents of which claim will make developing blockchain-based protocols much more straightforward and flexible. The Move language will change blockchain development forever. @coopsmoves joins @jaxxdwyer to dig into why and much more. Check it out👇 https://t.co/LloAc5EeR5 — Movement (@movementlabsxyz) August 7, 2024 Time will tell whether Movement can distinguish itself from other MOVE-based platforms, such as Sui and Aptos, both of which are now strongly established in the crypto space. Yet its launch has been promising, given that the MOVE token has received plenty of support from major exchanges already, with more listings likely to come soon. New Meme Tokens May Outperform Utility Coins While MOVE looks like it has the potential to enjoy sustained growth over time, its reliance on fundamentals may mean that its growth remains steady rather than spectacular. Traders hunting market-beating gains may therefore have to look towards more speculative tokens, with certain presale coins looking like they could rocket once they go live. One token looking very promising is Wall Street Pepe (WEPE) , an ERC-20 token that has raised an incredible $32.6 million in its ongoing sale. Frog army is the meta. 🐸 ⚔️ Join us: https://t.co/ZDBhKay9ss pic.twitter.com/nincuz3IYu — Wall Street Pepe (@WEPEToken) December 19, 2024 WEPE is attracting investors because it’s more than just another meme token, given that it comes with its own trade intelligence platform. Its platform will provide investors with real-time analysis and market insights, while also giving WEPE holders exclusive access to buying signals and trading strategies. It will also manage its own online community spaces and forums, where users can share tips and analysis, as well as compete in trading competitions. The winners in these competitions will earn rewards in WEPE, which they will also be able to stake, increasing the profitability of the token. Investors can join Wall Street Pepe’s sale by heading over to its official website ., where WEPE is available at a price of $0.0003651. This price will continue to increase as the sale progresses, while the sale’s rapid success suggests that it could moon once it goes live. Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Biggest Altcoin Gainers of the Third Week of December 2024
At one point, the third week of December 2024 seemed destined to close on a sour note for many cryptocurrencies, as market sentiment appeared overwhelmingly bearish. However, a late rally across the market reversed fortunes, allowing the top three altcoin gainers of the week to surge with double-digit gains In this analysis, BeInCrypto reveals the biggest altcoin gainers of the week, how the assets rose to the point, and what could be next for them. They include Hyperliquid (HYPE), Movement (MOVE), and Bitget Token (BGB), Hyperliquid (HYPE) Since December began, Hyperliquid has held its ground as one of the altcoin gainers of the week, as it was on the list during the first two weeks. This time, it is not different, as the native token of the decentralized exchange climbed by 55%. The rise in price could be linked to low selling pressure around the altcoin. Besides that, the token has gotten exchange listings on KuCoin and Gate.io. This exchange listing suggests that a larger part of the market can now access the token, which means increased trading volume. On the 4-hour chart, the Bull Bear Power (BBP), which measures the strength of buyers compared to sellers, is in the positive zone. This indicates that bulls are in control, and the altcoin’s price could trade higher. Hyperliquid 4-Hour Analysis. Source: TradingView Also, the Relative Strength Index (RSI) reading has continued to rise, implying that the momentum around the Hyperliquid token is bullish. Should this remain the same, HYPE’s price could rise to $42.24 in the short term. However, if the altcoin gets extremely overbought, this trend might reverse. In that scenario, the token’s value might decline to $26.16. Movement (MOVE) MOVE, the native token of Ethereum Virtual Machine (EVM) Layer-2 network Movement, is also part of this week’s altcoin gainers. Throughout the week, MOVE’s price gained 51.60%, with about 25% of this coming in the last 24 hours. The increase in price could be linked to the bullish sentiment and rising buying pressure around the token. As of this writing, MOVE’s price has hit $1. The 4-hour chart shows that the Awesome Oscillator (AO) reading has continued to climb. Comparing historical price movements with recent ones, the rise in the AO rating indicates a bullish sentiment around the token. Should this remain the case, MOVE’s price might climb to $1.44. Movement 4-Hour Analysis. Source: TradingView However, the altcoin will have to break through the resistance at $1.06 to achieve that. Failure to break through this hurdle could invalidate the prediction, and the price might decline to $0.76. Bitget Token (BGB) Third on the list of altcoin gainers this week is BGB, the native asset of the crypto exchange Bitget. This week, BGB’s price surged by 42.60%, pushing the token above the $4 psychological barrier. Based on the daily chart, BGB trades in an ascending channel, suggesting that the altcoin might keep hitting higher lows and higher highs. With the volume showing rising buying pressure, BGB’s price is likely to be higher in the short term. Bitget Daily Analysis. Source: TradingView If that is the case, then a rally toward $6 could come to pass. However, if selling pressure increases with the altcoin holders booking profits, this might change. In that scenario, the token’s value might drop to $2.91.
Dogecoin (DOGE) Drops 20% in 24 Hours, Risks Further Declines
Dogecoin (DOGE) price has experienced a sharp reversal after recently surpassing Porsche’s market cap earlier this December. Following a strong rally, DOGE is now retracing, correcting 20% in the last 24 hours and nearly 30% over the past seven days. This rapid decline shows the intensifying bearish pressure, with technical indicators signaling further downside risks. As DOGE’s price hovers near critical support levels, traders are closely watching for signs of stabilization or potential recovery amidst the heightened volatility. Ichimoku Cloud Shows a Bearish Setup for Dogecoin The Ichimoku Cloud chart for Dogecoin highlights a clearly bearish trend. The price is trading well below the Ichimoku Cloud, with the cloud’s red line (Senkou Span A) and green line (Senkou Span B) forming a thick, downward-sloping structure. This configuration suggests strong overhead resistance and reinforces the dominance of bearish momentum. Additionally, the blue Tenkan-sen line remains below the red Kijun-sen line, a bearish crossover that reflects continued short-term and medium-term weakness. The green lagging span (Chikou Span) is positioned below both the cloud and the price action, further confirming the bearish sentiment. DOGE Ichimoku Cloud. Source: TradingView The descending nature of the red (Senkou Span A) and green (Senkou Span B) cloud lines ahead indicates that the bearish trend is likely to persist unless there is a significant reversal. If the downward momentum continues, DOGE price could face further declines, with support levels likely near recent lows. A reversal would require the price to break above the cloud and see the blue Tenkan-sen line cross above the red Kijun-sen line, neither of which appears imminent at this point. DOGE Current Downtrend Is Strong The DOGE DMI (Directional Movement Index) chart shows significant bearish strength in the current trend. The ADX (Average Directional Index) value has risen sharply from 14.7 to 46.7 over the past three days, indicating that the strength of the trend—regardless of direction—has intensified substantially. The orange D- line, representing negative directional movement, is currently at 45.7, significantly higher than the blue D+ line, which is at 5. This imbalance suggests that the downward trend is dominating, with sellers overwhelmingly in control of the market. DOGE DMI. Source: TradingView The ADX measures the strength of a trend, with key thresholds providing insights: an ADX below 20 suggests a weak or directionless trend, values between 20 and 40 indicate a moderate trend, and values above 40 reflect a strong trend. At 46.7, the ADX highlights that DOGE ongoing downtrend is gaining momentum. In the short term, this combination of a high ADX, a dominant D- line, and a subdued D+ line suggests further bearish price action is likely, as the market lacks significant buying pressure to counteract the selling dominance. Dogecoin Price Prediction: A Further Correction Ahead If the current downtrend persists, DOGE price could continue its descent toward the next critical support level at $0.219. This level is a key area where buyers may attempt to stabilize the price; however, if selling pressure persists and this support is broken, the price could fall as low as $0.14. Such a move would represent a further 48% correction from the current levels, showing the severity of the bearish momentum. Given the dominance of sellers and the strong downtrend highlighted by recent technical indicators like the DMI, this scenario remains plausible unless significant buying interest emerges. DOGE Price Analysis. Source: TradingView On the flip side, if DOGE price manages to regain positive momentum, the price could target a recovery to $0.34, the first notable resistance level. A successful break above this zone could pave the way for a further rise to $0.43, representing a potential 59% upside from the current price. Achieving this recovery would likely require a shift in sentiment, with strong buying pressure and a reduction in bearish dominance.
Crypto crash triggers $1 billion in leveraged liquidations over past 24 hours
Key Takeaways Turmoil gripped the crypto markets following the Fed's surprisingly hawkish message after its rate cut decision. Despite the crash, Bitcoin has seen a 130% gain this year, while investors continue to accumulate. Leveraged liquidations across crypto assets surged to $1 billion following a brutal sell-off that sent Bitcoin tumbling below $96,000 on Thursday, according to Coinglass data . Long positions accounted for the vast majority of losses at approximately $878 million, compared to $160 million for short positions. Bitcoin rebounded above $97,000 at press time but remains below its daily peak of $102,000, CoinGecko data shows. It was not just Bitcoin; most crypto assets also declined in value. The total crypto market cap dipped 9.5% to $3.4 trillion at the time of reporting. Ether lost 8%, Ripple shed 5%, and Solana and Dogecoin experienced even sharper double-digit losses over the past 24 hours. Smaller-cap assets were particularly hit hard, with only Movement (MOVE) paring its losses. Fed’s hawkish stance Markets likely reacted in turmoil to the Fed’s unexpectedly hawkish messages following the rate cut decision. The Fed on Wednesday delivered a 25-basis-point rate reduction, but signaled fewer cuts in 2025. Uncertainties in the economy, particularly with the incoming administration, prompted the central bank to adopt a more cautious stance. Fed Chair Jerome Powell stated that it’s prudent to “slow down” when the economic outlook is unclear. Inflation has cooled from its peak of around 9% in June 2022, but it’s still stubbornly above the Fed’s target. Lowering interest rates can stimulate economic growth by making borrowing cheaper, but it can also contribute to higher inflation. There are worries on Wall Street that Trump’s proposed economic policies, including tariffs, could exacerbate inflation, though they may boost economic growth in the short term. Bitcoin ETF performance Elsewhere in the Bitcoin ETF market, emerging indicators suggest a potential shift in sentiment. Although US spot Bitcoin ETFs have maintained a 14-day positive inflow streak, recent net inflows have been disproportionately concentrated within BlackRock’s IBIT. Other ETFs have reported either zero net flows or net outflows. Data shows that Grayscale’s low-cost Bitcoin ETF shed around $188 million on Thursday, its record low since launch, while Grayscale’s Bitcoin Trust saw approximately $88 million in net outflows. Further data released later today will provide a more comprehensive assessment of ETF performance. Healthy correction? Despite the sell-off, Bitcoin has gained approximately 130% this year. MicroStrategy, which owns nearly 2% of Bitcoin’s supply, continues its acquisition strategy. The firm has purchased $3 billion worth of Bitcoin so far this month. Many crypto traders see the recent pullback as a healthy correction. “It’s the same story every time, and it never changes. Markets aren’t designed for the majority to win. Corrections are a natural part of bull markets,” popular analyst ‘Titan of Crypto’ stated . The Crypto Fear and Greed Index , which measures the emotional state of the crypto market, currently sits at 75, indicating a sentiment of greed among crypto investors despite recent market volatility and price corrections.
Analyzing the Movement of Capital Across the Solana Asset
💡 New SPL (Solana Programmable Language) Insights: 61 Solana Tokens, Including 52 Memecoins, Now Supported We’re excited to roll out fundamental metrics for 61 Solana-based tokens, including 52 memecoins. These assets now have address activity, transfer activity, and volume metrics. For those with a perpetual futures market, these new metrics complement the existing futures metrics. You can explore these new insights in the SPL Assets category on the charts page. More assets and expanded metrics are coming soon. Executive Summary: Since the cycle low in Nov 2022, Solana has outperformed Bitcoin and Ethereum when measured from the lens of price appreciation and relative capital inflows. A sustained regime of positive capital inflows has resulted in a net liquidity increase of +$55B, providing significant tailwinds for price appreciation. Despite substantial profit taking and distribution, investors in Solana have not reached the degree of unrealized profitability (paper gains) which have historically aligned with longer-term macro topping formations, suggesting further room for growth across the cycle. A Comparison of the Majors Over the past 4 years, Solana has attracted both considerable interest and concern from investors and market speculators alike. Initially, the asset saw tremendous growth during the 2021 bull market but then faced significant challenges following the collapse of FTX, resulting in a severe overhang in supply. After plummeting to a shocking low of just $9.64, Solana has made a remarkable recovery, recording an astonishing increase of +2,143% over the last 2 years. This impressive price performance has allowed Solana to outperform both Bitcoin and Ethereum on 344 out of 727 trading days since the FTX event, showcasing the substantial growth and demand for the asset. Live Chart The surge in price action has also attracted and enticed a substantial degree of fresh capital to the asset. We can utilize the relative Realized Cap change across Solana, Bitcoin and Ethereum as a measure to assess and compare the flow of capital into each network. Since the Dec 2022 low, Solana has accrued a considerably larger percentage increase in capital than both Bitcoin and Ethereum across 389 / 727 trading days, underscoring its noteworthy growth in liquidity. Live Chart To assess momentum on the demand-side, we can track the capital inflow of new investors, which is referred to as the Hot Realized Cap. This metric measures the capital held by accounts that have been active in the last seven days. When comparing the magnitude of new capital entering the asset between Solana and Ethereum, we can observe that new investor demand for Solana, for the first time in history, has overtaken Ethereum, highlighting its robust demand profile. Notably, the stark uptick in Hot Realized Cap for Solana before the start of 2024 marked the upward inflexion point in the SOL / ETH ratio, with the influx of new capital driving growth. Live Chart Investigating SOLs Capital Flows After establishing Solana's outperformance relative to the other major assets, we shall now examine the magnitude and composition of Solana’s capital flows. By assessing the Net Realized Profit / Loss metric, we can visualize the Realised Cap's first derivative, the daily change in on-chain capital flows for Solana. When this metric is positive, it represents net capital creation (coins transacting in profit) or destruction when the metric is negative (coins moving at a loss). We observe that Solana has consistently maintained a positive net capital inflow since early September 2023, with only minor outflows during this period. This sustained influx of liquidity has assisted in stimulating growth and price appreciation, achieving a remarkable peak inflow of $776M of new capital per day. Live Chart Increasing granularity, we can utilize our age breakdowns of the realized profit metric to evaluate which sub-cohorts are contributing the most to sell-side pressure. Here, we calculate the cumulative profit-taking volume by age since the start of the Jan-2023. 24hr: $3.1B 1d-1w: $13.7B 1w-1m: $14.0B 1m-3m: $8.5B 6m-12m: $15.7B 1y-2y: $8.2B 2y-3y: $8.2B 3y-5y: $3.5B Notably, coins aged 1d-1w, 1w-1m, and 6m-12m are the significant contributors to sell-side pressure, each recording a comparable magnitude of profit. Together, they account for a substantial 51.6% of all profit realized, demonstrating a balanced distribution of market influence. This underscores the notion that Solana as an asset is seen as an investment opportunity for all denominations of investor profile. Live Chart During the same time period, the significant inflow of capital has allowed Solana to accrue over +$55B in USD liquidity, increasing the Realized Cap from $22B to an astonishing $77B. Live Chart Overheated? In the previous section, we we assessed and evaluated the significant amount of profit taking and supply distribution occurring, thus, it becomes to prudent to assess how overheated the market has become. For this, we can utilize the MVRV Ratio to define pricing bands which assess points of extreme deviations in investor profitability relative to the long-term mean. Historically, breakouts above 1 standard deviation have aligned with longer-term macro topping formations. Presently, the SOL price is consolidating between the mean and +0.5 standard deviation range. This suggests the market is relatively heated, but suggests the potential for further room to run before the profit held by the average investor reaches its extreme band of +1σ, enticing a flurry of profit taking and distribution. Live Chart Summary and Conclusions With the release of the new Breakdown metrics, we are able to analyze for the first time the behavior of investors during dynamic market periods for the Solana asset, providing significant colour into the mechanics of capital creation and destruction. Solana’s meteoric recovery and subsequent price appreciation has been nothing short of remarkable, and has successfully accrued significant capital from a wide distribution of investors, ranging from Institutional to Retail oriented. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data . Join our Telegram channel. For on-chain metrics, dashboards, and alerts, visit Glassnode Studio
Movement (MOVE) Price Jumps 10%, Indicators Signal Further Upside
Movement (MOVE) has gained 10% in the past 24 hours, pushing its market cap to $1.6 billion. Indicators like RSI and ADX confirm the strength of the uptrend, with an RSI of 62 suggesting potential for further gains before hitting overbought territory. MOVE is positioned to test key resistance levels, including $0.86 and potentially $1.10, marking new highs if the trend continues. However, a failure to sustain the uptrend could lead to a retest of $0.59, a critical support level that, if broken, could result in new lows. Movement RSI Is Still Below the Overbought Zone MOVE’s RSI is currently at 62, a significant increase from 46.6 just one day ago, indicating growing bullish momentum. This rise suggests that buying pressure has intensified, supporting the recent surges in MOVE’s price, making it one of today’s top performers among the top 100 altcoins. However, despite the price gains, MOVE RSI has yet to cross above 70, which means it has not entered overbought territory. This could imply that there is still room for further upward movement before the market becomes overheated. MOVE RSI. Source: TradingView The RSI (Relative Strength Index) measures the speed and magnitude of price changes to evaluate whether an asset is overbought or oversold. Readings above 70 typically indicate overbought conditions, signaling a potential pullback, while readings below 30 suggest oversold conditions, often preceding a rebound. With MOVE’s RSI at 62, the market remains in a neutral-to-bullish zone, suggesting a continuation of the uptrend in the short term. However, if the RSI approaches 70, it may indicate a slowing of momentum, potentially leading to a period of consolidation or minor correction. MOVE Uptrend Is Getting Stronger MOVE’s DMI chart shows its ADX at 30.9, up from 21 two days ago, indicating a strengthening trend. The increase in ADX suggests that the current uptrend is gaining momentum, with buyers firmly in control. With the D+ at 33.2 significantly outpacing the D- at 12.11, the market is clearly dominated by bullish forces, signaling strong upward pressure on MOVE price. MOVE DMI. Source: TradingView The ADX (Average Directional Index) measures the strength of a trend without indicating its direction. Values above 25 signify a strong trend, while values below 20 indicate a weak or non-trending market. MOVE’s ADX at 30.9 confirms a strong uptrend, with the D+ showing active buying strength and the D- reflecting minimal selling pressure. MOVE Price Prediction: Can It Reach Levels Around $1 Again? Movement has been on the news since its listing on Binance roughly one week ago. If the current uptrend continues, MOVE is likely to test the resistance at $0.86 in the near term. A successful breakout above this level could pave the way for further gains, with targets at $1.03 and potentially $1.10, making it one of the most interesting altcoins for December. MOVE Price Analysis. Source: TradingView However, if the uptrend weakens and a downtrend forms, MOVE price could face significant downside risks. The closest strong support lies at $0.59, and a break below this level would lead to new lows for the coin. The coming days will determine whether MOVE sustains its upward trajectory or enters a corrective phase.
How Empty Marketing and Growth Hacking Kills Blockchain Projects
Money talks. In cryptocurrency, it screams through megaphones and flies banners across stadium skies. The recent revelation of Polkadot’s $37 million marketing spend has reignited a familiar debate within the blockchain community. Their aggressive growth strategy, complete with influencer campaigns and sports sponsorships, mirrors a pattern seen throughout the industry’s evolution. Cryptocurrency projects have long walked a tightrope between building awareness and maintaining credibility. Some call it growth hacking. Others label it desperation. The truth lies somewhere in between, hidden in the spreadsheets of marketing budgets and community engagement metrics. For an industry built on transparency, the methods behind crypto marketing often remain surprisingly opaque. Yet Polkadot’s recent treasury report has inadvertently pulled back the curtain, offering a rare glimpse into the real costs of chasing growth in Web3. So that begs the question… Is Crypto All About the Hype? The crypto industry thrives on promises. Projects launch daily, each claiming revolutionary technology and groundbreaking solutions. Marketing teams craft elaborate narratives about mass adoption and industry disruption. Development roadmaps stretch years into the future while promotion budgets drain treasuries today. Behind every blockchain project stands an army of social media managers, content creators, and community moderators. They craft narratives, manage expectations, and drive engagement. Marketing budgets often dwarf technical spending. Growth metrics become more important than GitHub commits. The industry measures success through Twitter followers rather than transaction volumes. Yet this focus on hype serves a purpose. Early adoption requires awareness and communities require nurturing in order to build a foundation. In an industry built on network effects, attention drives value. That’s why smart projects leverage this dynamic, using strategic marketing to build genuine communities. Conversely, others simply throw money at short-term solutions, hoping quantity will translate into quality. The difference lies in execution. Successful projects blend marketing prowess with technological substance. They understand hype’s role in driving adoption while maintaining focus on development. Their marketing spend reflects strategic thinking rather than desperate attempts at relevance. The best teams recognize that sustainable growth requires more than just flashy campaigns and influencer endorsements. However, recent events have pulled back the curtain on crypto’s marketing machinery, exposing the true cost of chasing growth at any price. When Marketing Millions Miss Their Mark Polkadot’s treasury report landed like a bombshell in June. The blockchain project spent $37 million on marketing in early 2024, nearly double its development budget. Community members watched in disbelief as the numbers painted a stark picture of modern crypto marketing — one where promotion overshadows product development and short-term visibility trumps long-term value creation. The granular details of Polkadot’s spending revealed deeper systemic issues within crypto marketing practices. Their influencer campaigns targeting North America and Europe consumed substantial portions of the budget, with each month-long promotion costing roughly $300,000. Initial metrics appeared promising, boasting millions of content views and hundreds of thousands of engagements. Yet beneath these surface-level statistics lurked troubling patterns of artificial inflation and questionable value. Investigation into these marketing initiatives uncovered a complex web of suspicious activities. YouTube channels materialized overnight with implausible subscriber counts, while Twitter profiles coordinated identical content streams across networks of bot-driven accounts. Key opinion leaders selected for premium partnerships often displayed signs of manufactured engagement, their follower counts inflated and their content engagement metrics artificially enhanced through coordinated automation. Polkadot’s broader spending choices raised fundamental questions about value creation in the blockchain space. Their treasury allocated $450,000 for event expenses while community-driven initiatives struggled for basic funding. Premium partnerships consumed resources at an alarming rate, including $480,000 for a two-year logo display on Coinmarketcap and $180,000 for private jet branding. These decisions occurred against a backdrop of stagnant token prices and slowing ecosystem development. The project’s marketing strategy exemplifies a growing disconnect between spending and substance in crypto promotion. While traditional marketing metrics showed surface-level success, the deeper analysis revealed concerning patterns of inefficiency and waste. Their treasury, currently projected to last another two years at current spending rates, faces mounting pressure from community members questioning the return on these substantial investments. The situation highlights a critical challenge facing blockchain projects: distinguishing between meaningful growth initiatives and expensive exercises in vanity metrics. The Missing Link Between PR and Growth Public relations in cryptocurrency often plays second fiddle to aggressive growth tactics. Marketing teams chase viral moments and influencer endorsements while overlooking the fundamentals of strategic communication. This approach stems from the industry’s obsession with immediate results, yet misses crucial opportunities for sustainable growth. Traditional PR brings subtle but significant advantages to blockchain projects. While sponsored posts generate quick spikes in attention, carefully crafted media relationships build lasting credibility. Industry publications value authenticity over paid placement. Journalists seek genuine innovation rather than promotional noise. These relationships become invaluable during critical moments, from product launches to crisis management. Most crypto projects struggle to balance immediate visibility with long-term reputation building. Marketing budgets flow freely toward quantifiable metrics like social media engagement and website traffic. Meanwhile, PR initiatives that could strengthen market position and industry standing receive minimal attention. This imbalance creates vulnerability, leaving projects ill-equipped to handle scrutiny or navigate market downturns. Successful blockchain projects understand the symbiotic relationship between growth hacking and public relations. They recognize that while aggressive marketing drives initial interest, strategic PR sustains momentum through market cycles. Their communication strategies blend traditional media outreach with innovative community engagement. Press releases complement Twitter spaces. Media tours enhance Discord announcements. You can see the distinction clearly during market turbulence. Projects built on pure hype crumble under pressure, their communities scattering at the first sign of trouble. Those with strong PR foundations weather storms more effectively, maintaining stakeholder confidence through clear communication and established media channels. Their prior investment in relationship building pays dividends when market sentiment shifts. Smart teams recognize that effective PR extends beyond press releases and media mentions. It encompasses community management, developer relations, and stakeholder communication. This comprehensive approach creates resilience, enabling projects to maintain momentum even when marketing budgets tighten or market conditions deteriorate. Growth Hack the Right Way The cryptocurrency industry stands at a crossroads between hype-driven marketing and sustainable growth strategies. Projects rushing toward quick wins through influencer campaigns and paid promotions often find themselves building on shifting sands. Real growth demands more than viral moments and sponsored content. It requires strategic communication, genuine community building, and balanced resource allocation. Smart projects recognize this evolution in crypto marketing. They understand that tomorrow’s leaders will master the delicate balance between innovative growth tactics and time-tested PR fundamentals. Sustainable success in blockchain requires more than just spending power — it demands strategic vision, authentic communication, and unwavering commitment to genuine value creation. About the Author Jamie Kingsley is a prominent figure in the crypto PR industry, serving as the COO and Co-Founder of The PR Genius (PRG). He has played a crucial role in transforming PRG from a small, niche firm into a multi-service growth marketing agency. Kingsley’s strategic leadership facilitated a successful pivot from lead generation to public relations, enabling the agency to work with high-profile clients such as IO.net, Yellowheart, Radix, Movement Labs and RTFK Studios. In addition to his role at PRG, Kingsley is a Board Member of the Asia Web3 Alliance Japan, where he contributes to the advancement of decentralized internet initiatives in a rapidly growing blockchain market. His expertise in media strategy and growth hacking has positioned him as a key influencer in the crypto space, recognized for his adaptability and resilience in navigating the industry’s challenges.
$333B in Ethereum Held by 104 People–57% of ETH Supply in Few Hands
The share of Ethereum in the hands of whales has grown significantly. This supply concentration has both positive and negative leaning. Ethereum ’s whale dominance has reached new highs, with 104 wallets containing at least 100,000 ETH, or 57% of the total supply. This amount, which equals approximately $333.01 billion, suggests increasing confidence from the largest Ethereum holders. At the same time, there are ongoing questions about centralization. Whale Transaction Details from Santiment Santiment, an on-chain data analytics platform, brought the market’s attention to the intense Ethereum whale activity. Historically, whale accumulation indicates long-term bullishness for the cryptocurrency involved. An increase in key stakeholders’ holdings might serve as a precursor to a long-term upward movement. This trend is especially true for Ethereum, particularly as the asset utilizes much of its supply for its expanding staking and DeFi ecosystem. However, the overall distribution of supply presents a contradictory view. Santiment noted that wallets with 100 to 100,000 ETH hold only 33-46% of the supply, the recorded lowest ratio. This group keeps getting smaller, suggesting mid-tier investors are either selling their holdings or combining them into larger entities. 🐳 There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently sit at 57.35% of all existing ETH tokens, currently worth ~$333.1B. Meanwhile, wallets with 100-100K hold their lowest ratio of supply in history, 33.46%. And sub-100 ETH… pic.twitter.com/9qDN3lotQy — Santiment (@santimentfeed) December 17, 2024 Additionally, sub-wallets holding 100 ETH have hit an almost 4-year low of 9.19%. This decline has raised questions about the retail investors’ sentiments, suggesting that they are likely not building as aggressively as whales. However, the whale accumulation is consistent with Ethereum’s recent price recovery. According to the chart analysis, the altcoin recently climbed above the $4,000 mark, indicating strength. Ethereum liquidity could be reduced drastically if whales control the supply. This scenario could lead to surging prices soon. As CNF reported , Ethereum’s rise to $4,000 coincides with an Ethereum Exchange-Traded Funds market inflow. CoinShares reported that Ethereum has maintained positive investment flows for seven consecutive weeks, highlighting its growing institutional appeal. Impact of Whale Movement and Forecasts The decision of whales to sell their ETH holdings also raises the possibility of price volatility. As of this writing, ETH trades at $3,948, up 10.5% in the last week and 28.5% in the past month. Ethereum’s immediate support is between $3,700 and $3,800, while its next resistance level is between $4,100 and $4,200. The immediate support might open the way for a retest of higher levels if ETH maintains a value above $4,000. However, inflows and outflows from large investors could substantially impact ETH’s price. Therefore, investors are advised to keep a close watch on whale movements. The high concentration of Ethereum’s supply in whale wallet shows optimism about the altcoin’s potential as a key component of DeFi staking and larger blockchain infrastructure. However, Ethereum’s risks are also pending due to the whale activity. The bullish momentum appears unbroken, but long-term sustainability will depend on the balance of large supply holders. Recommended for you: Buy Ethereum Guide Ethereum Wallet Tutorial Check 24-hour Ethereum Price More Ethereum News What is Ethereum?
Exodus Movement to List Its Stock on NYSE
According to its blog post , Its common stock will officially start trading on the NYSE American Stock Exchange on December 18, 2024. The stock will use the same symbol it already has—“EXOD.” Before this move, Exodus stock was traded on the OTCQX market. But here’s the deal: it will stay on the OTCQX until the market closes on December 18. After that, it’s all about the NYSE American. Why This Matters Moving to the NYSE American is a big step up for Exodus. Think of it like a small-town team getting called to play in the big leagues. It means more people will notice the company and its stock. This move could also make it easier for people to buy and sell Exodus shares, helping both current and future investors. JP Richardson, the CEO and co-founder of Exodus, shared his excitement about the news. “Exodus is thrilled to up listed on the NYSE American,” Richardson said. “It’s crucial that America’s innovative companies can trade on America’s premier stock exchanges. We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders.” A step forward for Exodus. A leap forward for financial freedom. We’re proud to announce that our stock $EXOD begins trading on the NYSE American December 18. Thank you for being on this journey with us 🤝 https://t.co/bYqVW1qg0N — Exodus (@exodus) December 13, 2024 In simpler terms, listing on a major exchange like the NYSE helps the company shine brighter. It also makes the stock easier to trade, which is great for investors. What’s Next? Here’s the quick timeline: December 18, 2024: Exodus stock begins trading on the NYSE American under the symbol “EXOD.” Until then: Shares will keep trading on OTCQX until the market closes that day. For those already holding Exodus stock, it’s smooth sailing—no action is needed. ✨ Exodus to debut on NYSE American, trading under “EXOD” on December 18, enhancing visibility and trading liquidity. ✨ Move signals Wall Street’s warming to crypto, aligning with efforts like NYSE’s extended trading hours for Bitcoin ETFs. ✨ Experts highlight blockchain’s… — Self Custody (@iamselfcustody) December 16, 2024 More About Exodus As of December 11, 2024, Exodus holds over 1,900 Bitcoin and 2,660 Ethereum on its balance sheet, showing its strong commitment to crypto assets. In addition, the company processed an impressive $1.26 billion in swap volume between October 1 and November 30, 2024. – Exodus holds over 1,900 Bitcoin and 2,660 Ethereum on its balance sheet as of Dec 11, 2024 – $1.26B in swap volume processed from Oct 1 to Nov 30, 2024 – compared to $0.96 billion for the full quarter in Q3 2024 — Exodus (@exodus) December 12, 2024 This is a big jump compared to the $0.96 billion swap volume for the entire third quarter of 2024, highlighting significant growth in user activity and demand for Exodus’ services. Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Wallet provider Exodus stock rallies 37% on NYSE American debut
Exodus Movement is now trading on NYSE American as of Wednesday, a company representative told The Block. This places Exodus — the makers of one of the oldest operating crypto wallet developers — among a handful of publicly traded crypto companies on a major U.S. exchange. The firm’s stock (ticker: EXOD) is up over 37% as the trading day closes after hitting an all-time high of $64.50, according to Google Finance. EXOD is currently changing hands for around $53. NYSE American is owned and operated by the New York Stock Exchange in New York City. Exodus, founded in 2015, previously traded on listed OTC Markets under the same ticker. It announced it would look to "uplist" earlier this year. The company received approval to list its common stock on the NYSE American in May 2024. “Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity,” Exodus CEO and co-founder JP Richardson said at the time. Exodus saw $20.1 million in revenues and a net loss of around $800,000 in the third quarter of this fiscal year, according to its third-quarter filing in November. The firm primarily derives revenues from exchange services including fiat onboarding as well as staking and consulting services. Exodus recently partnered with hardware wallet provider Ledger and the NFT platform Magic Eden. “In Q3, we delivered both high year-over-year revenue growth and profitability, which demonstrates the strength of our business model as well as the growing adoption of the digital asset market,” CFO James Gernetzke said.
Blur Token Unlock Sparks Volatility as BLUR Price Drops 10%
Blur’s monthly token unlocks contribute to bearish market pressure and price decline. The price struggles at $0.35 resistance, with $0.32 support testing for stability. Momentum indicators suggest Blur is nearing oversold conditions but remains bearish. Blur, the decentralized NFT marketplace, saw significant market activity following its monthly token unlock. This month, 34.41 million BLUR tokens, worth about $11.06 million, were unlocked and transferred to Coinbase Prime. Since the unlocking cycle began on June 15, 2023 , roughly 31.6% of the total BLUR supply (949 million tokens) has entered Coinbase Prime. This equals $323.1 million at the current transfer value. This continuous token unlocking influences BLUR’s market behavior, which shows a downward trend. Price Movement and Market Pressure The current price of BLUR stands at $0.3172 , marking a 10.18% decline over the past 24 hours. This drop reflects the broader market sentiment, with the token facing consistent downward pressure. The market cap also fell to $659.33 million, a 10.09% decrease. Source: Coinmarketcap However, trading volume rose by 14.32% to $130.86 million. This increase, combined with the price decline, suggests higher trading activity and intensifying selling pressure. Key Support and Resistance Levels Blur’s recent price movement has been marked by a struggle to maintain key support levels. The token’s recent high resistance level was $0.3532, which the price failed to break through. This resistance zone forced the price downward, reinforcing the bearish sentiment. Read also: BLUR Token Holders Cry Foul as Price Tanks Despite Ecosystem Growth On the other hand, the current support level is $0.32. The price tested this level multiple times, suggesting it could hold. If this level stays intact, a short-term rebound is possible. However, if the price falls below $0.32, the next level to watch is $0.31. This could signal a deeper decline. For a bullish reversal, BLUR needs to reclaim and hold above $0.35. Momentum Indicators and Outlook Blur/USD 1-day price chart, Source: Trading view Blur’s short-term momentum is bearish, with a 1-day RSI of 43.09. This suggests the asset is approaching oversold conditions but is not at extreme levels yet. Also, the 1-day MACD is below the signal line, confirming the downward momentum. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Gain Exclusive Access to the Yellow Network WaitlistExodus Makes NYSE American Debut as Crypto Enters Traditional Finance
Exodus Movement, Inc., a leading force in self-custodial cryptocurrency software, is poised for an influential debut on the NYSE American stock exchange. On December 18, 2024, the company’s Class A common stock, under the symbol “EXOD,” will begin trading. This significant shift from its current OTCQX trading symbolizes a pivotal moment for Exodus and its shareholders. The announcement was made official by the company, both in a formal statement and a post on X (formerly Twitter). “A step forward for Exodus. A leap forward for financial freedom. We’re proud to announce that our stock EXOD begins trading on the NYSE American on December 18,” reflected their message. This NYSE listing marks a milestone in Exodus' expanding presence within the cryptocurrency landscape, offering increased visibility to institutional and retail investors, enhancing liquidity, and raising the corporate profile within traditional financial markets. According to JP Richardson, CEO and co-founder of Exodus, this uplisting marks a testament to how dynamic companies can integrate into leading American stock exchanges. It is seen as a strategic move to augment trading fluidity and boost the company’s corporate image. "We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders," shared Richardson. The NYSE filing isn't Exodus' first attempt. Back in May 2024, there were similar plans for a listing. Despite previous delays, the company's resolve illustrates a dedication to connecting traditional finance (TradFi) with blockchain innovation, aiming to deliver long-term value for shareholders. Exodus’ NYSE debut is a testament to the increasing acknowledgment of crypto enterprises on Wall Street. While Exodus moves forward, other influential crypto names like Grayscale and ProShares wrestle with regulatory challenges. Grayscale waits for SEC approval for its cryptocurrency ETF on NYSE Arca. Meanwhile, ProShares seeks clearance for its spot Ethereum ETF. These movements suggest a cautious yet progressive adoption of digital assets within the TradFi space. The NYSE has taken initiatives to meet the surging interest in crypto-linked assets. Reports indicate a potential extension of trading hours for Bitcoin ETFs. This underscores the rising investor demand for digital exposure, showcasing traditional exchanges evolving to meet crypto sector needs rapidly. As NYSE and Wall Street gradually embrace cryptocurrencies, experts anticipate blockchain technology could resolve persistent issues in traditional share trading. With its transparency and efficiency, blockchain is poised to mitigate trading glitches occasionally affecting NYSE operations. These advancements promise a stronger trading infrastructure, serving both traditional and cryptocurrency markets effectively.
XRP Price Movement and the Rise of RCO Finance: A Token Gaining Attention in Defi
XRP’s price has been rising, and sparking renewed attention from crypto enthusiasts. Meanwhile, a lesser-known gem, RCO Finance , is gaining traction among experienced investors. With its innovative features and a growing presale, RCO Finance is emerging as a potential game-changer in decentralized finance. This token could be the next big thing within the evolving DeFi landscape. XRP Price Analysis: Steady Gains Amid Market Developments XRP has been on an impressive upward trajectory, captivating the attention of crypto enthusiasts worldwide. Recent market activity paints a bullish outlook for the token. Its market cap has been steadily closing above critical Fibonacci levels, signaling strong support for further growth. Ripple CEO Brad Garlinghouse recently highlighted favorable market conditions, including pro-crypto policy trends and a potential shake-up in U.S. regulatory leadership, further strengthening optimism. As XRP continues to gain attention, investors and crypto enthusiasts are closely monitoring its next moves. RCO Finance: Revolutionizing DeFi with AI RCO Finance is making waves as a transformative player in decentralized finance, offering a suite of features designed to empower investors and simplify portfolio management. Its innovative ecosystem combines advanced AI technology, investor-friendly tokenomics, and accessibility to a platform redefining the rules of investing. At the heart of RCO Finance is its AI-driven Robo Advisor, which empowers investors with intelligent insights and tailored recommendations. This feels like having a personal financial strategist available 24/7, optimizing your portfolio and minimizing risks. For instance, in a volatile market where people struggle with decision-making, this AI-driven tool can monitor fluctuations, identify opportunities, and suggest actionable steps to maximize returns or minimize losses. This level of intelligence ensures you always stay ahead, regardless of your level of investing. RCO Finance also champions inclusivity with its KYC-free ecosystem, offering seamless onboarding and anonymous trading. This approach is especially attractive to global investors who prioritize privacy. Its comprehensive asset access gives you control over various DeFi investments, from derivatives and stocks to RWA tokenization. This diverse range enables users to diversify their portfolios and maximize potential earnings within a single platform. The token’s utility doesn’t stop there. Holders enjoy reduced transaction fees, dividend distributions, and a stake in governance decisions, giving you direct influence over platform developments. These practical benefits make RCO Finance an appealing choice for investors seeking more than speculative gains. The RCO Finance Presale: Growing Interest and Market Confidence Currently priced at just $0.077, RCO Finance is amid a dynamic presale that’s captured the attention of top investors. Over $9 million has already been raised, showing strong market confidence. Investing during the presale offers significant advantages. Early participants lock in the token at a reduced rate, capitalizing on its anticipated price surge as it enters later stages and eventually lists on exchanges. Conclusion There’s excitement in the crypto market as XRP gears up for another potential rally. But while many chase the headlines, RCO Finance is quietly making its mark within the DeFi space. With its innovative approach and growing investor confidence, RCO Finance offers an intriguing opportunity for those interested in the future of decentralized finance. For more information about the RCO Finance Presale: Visit RCO Finance Presale Join The RCO Finance Community This article contains sponsored content from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions , Privacy Policy , and Risk Warning have been recently updated.
Top Crypto Partnerships – December Week 3
These collaborations bring features that make security, scalability, and user experience better. In this article, let’s examine some of the most exciting crypto partnerships aiming to advance Web3, DeFi, and gaming further. 1) Lumia Lumia is a new project integrating Ethereum and BNB chains for instant transfers. They are building scalable Web3 infrastructure and integrations such as API3DAO for decentralized APIs. Lumia is turning into an efficient and friendly blockchain platform for developers. Lumia has recently entered into a partnership with Orbs . Orbs Network is a Layer 3 solution that sits on the Layer 1 and 2 systems such as Ethereum and Binance Smart Chain. It enhances scalability, diverse compatibility, governance, and DeFi processes. It does this with a systematic link to real-world applications connecting blockchain. Orbs also displays $ORBS staking rewards and has virtual chains and automated trading solutions. 🔥LUMIA X ORBS: UNIFYING LIQUIDITY LIKE NEVER BEFORE 🔥 Orbs is preparing for the incoming $10T RWA industry. How? By choosing Lumia as their first and only RWA partner, obliterating fragmented liquidity with $12M+ in aggregated liquidity pools. Lumia’s hyper-liquid zkEVM… https://t.co/uiiYBC0L3S pic.twitter.com/FdAegYSDe2 — Lumia (@BuildOnLumia) December 10, 2024 Integrating Lumia and Orbs solves DeFi’s fragmented liquidity issue. It does this by leveraging Lumia’s zkEVM technology with Orbs’ Liquidity Hub. This integration improves trade execution and allows DEXs to pool traffic seamlessly. It also enhances trade performance, making DeFi trading more efficient. 2) Movement Movement Labs is a blockchain firm focused on the Move programming language. It builds Move-based blockchains like Ethereum’s first MoveVM ZK Layer 2. Their ecosystem, the Move Collective, spans DeFi, gaming, and NFTs. It promotes scalability, security, and decentralized applications. Movement Labs aims to improve blockchain accessibility and performance. Movement collaborated with Kado . Kado Money is a Web3 platform for seamless fiat-to-crypto conversions via cards or bank transfers. It is available in over 100 countries. Kado offers fast, low-fee transactions and solutions for gaming, NFTs, and e-commerce sectors. It aims to simplify and improve access to digital assets globally. News: You’ll be able to use Apple Pay, Google Pay, debit and credit cards, bank transfers, and more to onboard to Movement. Why? @kado_money is coming! Our onramps will be leveling up⚡ pic.twitter.com/MWrywNezyI — Movement (@movementlabsxyz) December 12, 2024 The Movement Labs-Kado Money partnership streamlines onboarding to the Movement ecosystem. It allows users to convert fiat to crypto and self-custody assets via Apple Pay, Google Pay, and bank transfers. With Kado supporting over 150 countries, this collaboration enhances accessibility. With this, users enjoy Movement’s security, speed, interoperability, and community. 3) Omnia protocol Omnia Protocol is a DeFi platform that offers tools for yield farming, liquidity provision, and asset management. It enhances scalability, security, and transparency while simplifying DeFi user strategies. Omnia also aims to integrate cross-chain capabilities, providing access to various blockchain networks. Omnia Protocol recently partnered with CrossFi . CrossFi is a next-generation digital ecosystem focused on providing advanced payment solutions. Its Layer 1 blockchain enables scalable decentralized finance applications. With the launch of its mainnet, CrossFi has unlocked its full potential, offering a platform for DeFi projects. OMNIA Protocol 🤝 @crossfichain Together, we’re revolutionizing #DePIN networks & #DeFi innovation! This collaboration amplifies OMNIA’s autonomous AI agents and Cross Finance’s financial ecosystem—paving the way for a smarter, #decentralized industry. Stronger together. 🌐… pic.twitter.com/WfWOAUs6zE — OMNIA Protocol – DePIN & AI Infrastructure (@omnia_protocol) December 6, 2024 OMNIA and CrossFi have partnered to combine OMNIA’s AI solutions with CrossFiChain’s financial infrastructure, boosting DeFi and DePIN networks . This collaboration improves scalability, security, and innovation. It paves the way for advanced Web3 tools and dApps and offers users and developers a seamless and autonomous experience. 4) Bluwhale AI BluwhaleAI uses artificial intelligence to enhance decentralized finance protocols. It provides data-driven insights, advanced algorithms, and AI-powered strategies. It helps users optimize investments, trading, and decision-making through real-time data analysis. Furthermore, it offers more efficient DeFi solutions for traders, investors, and developers. Bluwhale AI partnered with GamerBoom . GamerBoom is a Web3 gaming platform that blends traditional games like League of Legends with decentralized technology. It rewards people through check-ins and active engagement. It also has conventions such as SocialFi, including elements like airdrops to assist with gamers’ connections. With Binance Labs and BNB Chain partners, GamerBoom is set to onboard billions of gamers to Web3. Thrilled to partner with @Gamerboom_ ! 🎮 Bluwhale’s AI meets GamerBoom’s intent-centric platform to fuel AI gaming insights, expand Web3 rewards via Rinku Protocol, and scale multi-chain support. Together, we’re shaping the future of gaming. Stay tuned! 🚀 pic.twitter.com/UzKUuQaXFU — Bluwhale AI (@bluwhaleai) December 4, 2024 The Bluwhale AI and GamerBoom collaboration unites AI gaming analytics with an intent-driven platform capability. It aims to expand Web3 rewards through the Rinku Protocol. It also aims to enhance multi-chain support, shaping the future of gaming with AI and blockchain innovation. Conclusion These crypto partnerships show how collaboration is shaping the future of blockchain. They enhance decentralization and user access. These crypto partnerships combine technologies and expertise, making Web3 more accessible. Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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