Coinedition
Peanut the Squirrel (PNUT) shows a 258.9% monthly surge, highlighting strong market interest. Goatseus Maximus (GOAT) struggles with weekly declines but posts a 17.5% monthly gain. Moo Deng (MOODENG) sees a 50.5% monthly rise, signaling growing investor confidence.
Sowmay Jain thinks the Fluid DeFi protocol is a worthy competitor for Uniswap. Jain highlighted Fluid DEX’s achievements three weeks post-launch. Uniswap is the highest-ranked DEX in the crypto industry by daily trading volume.
Russia proposes a 15% tax on crypto trading and mining income to boost revenue and ensure balance. New regulations require mining operators to report user details and register with tax authorities. Tax measures could generate $521M–$700M annually, enhancing Russia’s crypto-mining leadership.
ONDO token surged 35% amid integration with PayPal USD (PYUSD). The partnership enables 24/7 liquidity between PYUSD and Ondo’s tokenized U.S. Treasuries (OUSG). Analysts predict further growth, with targets of $3.40 and potential Binance listing momentum.
XRP has formed a bullish “Double Coffee Cup” pattern, signaling significant upward potential. The breakout from a multi-year triangle aligns with improving regulatory clarity and market optimism. Indicators suggest bullish momentum, but overbought conditions point to possible short-term pullbacks.
Virtuals Protocol (VIRTUAL) was the biggest gainer this year, up 23,079%. BRETT and POPCAT soared 14,784% and 10,458%, respectively. Meme coins, AI tokens, and RWA projects were the most popular in 2024.
Bitcoin ETFs surpassed gold ETFs with $129.25B in AUM, gold at $128.88B. Bitcoin achieved parity in just 12 months, while gold ETFs took decades. Investors increasingly prioritize BTC as a hedge against inflation.
Altcoin Buzz predicted that Bitcoin can drop to the $87,000-$90,000 price region. The analyst stated that SUI could touch $5-$6 “pretty soon.” The analyst also predicted that AAVE could hit $600 in the first quarter of 2025.
ReFi uses blockchain to enhance sustainability and boost transparency in carbon credit markets. ReFi offers faster fundraising and flexible investment compared to traditional ESG initiatives. Investors must perform due diligence to avoid scams in the emerging ReFi blockchain ecosystem.
XRP network activity surged, but price hasn’t kept pace with growing adoption. XRP’s price fluctuates with market inflows, showing volatility despite rising addresses. Increased trading volume signals strong market interest, despite recent price dip.
