Major Events

🚨🚨dikat dikat XRP Coin price prediction: $0.34 is on the cards for the altcoin? The altcoin remains under pressure due to whales and Ripple's monthly sell-off. Moreover, court developments regarding the SEC and Ripple case directly affect the confidence of tokens and investors. Meanwhile, crypto analyst Ali Martinez warns of a possible sell-off scenario for XRP Coin. Martinez shared a technical analysis that shows that a multi-year trend is under threat of breakout. In this regard, the analyst said: XRP is currently trying to hold on to the critical support level of $0.55. If this support fails to hold, be prepared for a possible selling scenario that could see XRP go down towards $0.34!

Rekt Capital: There is similarity between 2016 and 2024. Rekt Capital, a well-known crypto trader, highlights striking similarities between the current cycle and the one following the 2016 halving. In a recent post, Rekt emphasized the "reaccumulation range" below the current price of $61,081 that Bitcoin is trading at. According to Rekt, this aligns with the observed pattern in 2016. Rekt also emphasizes the current position of Bitcoin in the "pre-halving last pullback" stage. Following this stage in 2016, Bitcoin witnessed a significant increase of 48% in just six months. This historical example boosts optimism for a possible price increase in the near future. However, Cane Island Alternative Advisors' founder and investment manager Timothy Peterson takes a more ambitious approach. Peterson, by analyzing the price decline chart, predicts a potential six-fold price increase for Bitcoin in early 2025. Referring to past adoption trends and previous declines, he astonishingly pegs the peak of this cycle between $175,000 and $350,000. #Which trending Al tokens are on your watchlist?# #Which memecoin has great potential?# #Buy the dip or wait? What's your ideas?#

SEC Postpones BlackRock's Ethereum Decision to Another Day: Here's That Important Date! The U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's spot Ethereum ETF application. The SEC is delaying its decision on spot Ethereum ETF applications, just as it did in the early stages of spot Bitcoin exchange-traded fund (ETF) applications. In a filing filed by the regulator on Wednesday (Jan. 24), BlackRock announced that the decision on the iShares Ethereum Trust ETF offered by BlackRock has been postponed to March 10. On March 10, which is marked as the next date, the regulator can approve, reject, or request additional time for the ETF application in question. Stating that more time is needed to investigate the details of the file as a reason for this postponement decision, the SEC included the following statements between the lines of its statement: In order to have sufficient time to consider the proposed rule change and the issues raised therein, the Commission considers it appropriate to set a longer period of time to act on the proposed rule change. BlackRock submitted its spot Ethereum ETF application in November last year. Another big name that recently joined this trend was Fidelity. Commenting on the subject, Bloomberg Intelligence ETF analyst James Seyffart once again pointed to the month of May: Postponement decisions on spot Ethereum ETFs will continue to come up sporadically over the next few months. The next date, which is important, is May 23. #圣诞愿望# #ChristmasWish# #ContentStar# #HotTopicDiscussion# #Gate post Highlights# #Thanksgiving#

SEC adjourns spot Ether ETF The Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's spot Ether ETF application. According to The Block's report, the SEC made the following statements on the subject: "The Commission has deemed it appropriate to set a longer period of time to take action on the proposed amendment in order to have sufficient time to analyse the proposed rule changes and any potential issues that may arise." The SEC has until March 10 to make a decision on the spot Ether ETF. In November, BlackRock applied for a spot Ether ETF called the iShares Ethereum Trust. Markets are very optimistic about Ether ETFs in general. SEC member Hester Peirce claimed that there would be no need for another lawsuit to be filed for Ether ETF approval. #ContentSta# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreato#

Intense Interest in the Solana Ecosystem Continues: Record Broken in the Number of New Addresses The hype continues to gain momentum in the Solana ecosystem. Accordingly, the number of daily new users is over 691,000. Airdrop events and meme coin hype are driving this process. Intense Interest in the Solana Ecosystem According to Tristan Frizza, founder of Zeta Markets, the increased adoption data points to actual user activity on the network. Frizza commented on the subject: "This shows that not only are we witnessing speculative interest, but we are poised to see new all-time highs because of this real turnout. With Solana already recording more daily transactions than Ethereum, Arbitrum, Optimism, BNB Chain, Tron and Avalanche combined, it seems inevitable that it will rise to the top three blockchain ecosystems by market cap." Frizza added that DEX platforms serving the Solana ecosystem have experienced an increase in trading volumes, consistently exceeding the $2 billion daily trading threshold since early March. The founder of Zeta Markets commented on the subject: "With Bitcoin hitting new all-time highs several times over the past week, similar moves are expected for Ethereum and Solana, driven by capital rotations in the markets." What's Happening in the Solana Ecosystem? Frizza noted that Solana is still significantly below its all-time high of $260, which it reached in November 2021. According to data from Tradingview, the surge in new Solana addresses comes as the price of SOL has risen by over 12% over the past seven days. The GM 30 Index, which represents the top 30 cryptocurrencies, has risen by 3.57% to 157.54 in the last 24 hours. The hype process in the Solana ecosystem can be associated with the significant acceleration of the SOL price and the airdrop events in the ecosystem can be associated with the rises in meme coin projects. In this process, the fact that the airdrop activities carried out for users were not related to the past activity process enabled new users to rush to the ecosystem. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger#