Author: cointechies

2024 was a remarkable year for the crypto industry, with Bitcoin crossing the $100,000 mark, the market surging, and a surge in crypto adoption worldwide spurned by Donald Trump’s victory. The year was not without drama either, as 2024 saw major hacking incidents at some of the largest crypto exchanges/companies that had far-reaching implications. According to a report by Chainalysis, hackers lost over $2.2 billion in 303 hacking incidents in 2024, representing a 21.07% increase in such incidents year-over-year. Additionally, individual hacking incidents increased from 282 in 2023 to 303 in 2024. 2024 marks the fifth consecutive year in which…

Crypto commentator Zack Rector recently expressed his views on the undervaluation of Ripple and the digital asset XRP despite rising valuations. Accordingly Mr. Rector, even if Ripple’s valuation increases by 2025, the company and XRP remain significantly undervalued and offer promising investment opportunities. Ripple’s implied valuation reaches $20 billion For much of 2024 and since 2022, Ripple has traded at an implied valuation of between $7 billion and $10 billion Platforms like Linqto. However, Rector pointed out that this number has more than doubled and Ripple is now worth around $20 billion on the same platforms. Although this bullish trend…

According to veteran trader Peter Brandt, the price of XRP could see a massive 100-fold increase in the near future. In a recent post, Brandt shared a chart showing a bullish wedge pattern on XRP’s weekly chart, suggesting price growth well into 2025. However, its daily chart suggests a possible correction from the local high of $2.73 before any further rise. Brandt previously noted that XRP may be forming a “half-staff flag” pattern. Source: X According to him, if this pattern becomes noticeable, the price could skyrocket and match previous price increases. Although these patterns often signal a strong move,…

With a bearish start to this week, Bitcoin remains close to the $93,000 support. Will the price of BTC experience a prolonged correction phase? Bitcoin fell to $93,300 after a bearish Sunday that resulted in a 24-hour decline of 1.71%. At the current market price of $93,390, Bitcoin’s market capitalization is $1.84 trillion. Due to the bearish influence on Bitcoin price, the crypto market saw liquidations totaling $167.94 million in the last 24 hours. This value is well above the typically lower trading volumes on weekends. As liquidations increase, increasing downward pressure on BTC price action raises concerns about a…

WISeKey International Holding Ltd, a global leader in cybersecurity, artificial intelligence, blockchain and IoT technologies, has announced a number of groundbreaking developments through its subsidiary SEALCOIN AG. As we near the end of 2024, SEALCOIN has solidified its position as a leader in creating secure, decentralized IoT ecosystems. By leveraging its blockchain-based TIOT token, the company enables IoT devices to autonomously exchange data, energy and services, ensuring unprecedented efficiency and trust in real-time interactions. Revolutionizing IoT through space technology A significant milestone awaits SEALCOIN in January 2025 with the launch of a new generation of WISeSat satellites, developed in collaboration…

Next week will see a token release worth over $5 million, which includes assets such as SUI, OP, ZETA, KAS, DYDX, ENA, and others. According to Tokenomist, SUI is the first in the unlock cycle, scheduled to unlock $263.20 million worth of tokens, representing 2.19% of the circulating supply. This event is expected to occur in about a day. Likewise, Optimism (OP) tokens worth $58.61 million or 2.32% of the total supply will be unlocked within a few hours. Then comes Zeta Chain (ZETA) with $31.22 million or 9.35% of its supply released during the same period. Last weekly unlocks…

A prominent market analyst expects Dogecoin (DOGE) to skyrocket more than 7,000% this cycle, citing historical price fractals. Meteoric price predictions for Dogecoin (DOGE) Despite everything, it continues to come hard and fast recent difficulties in the crypto market. In the most recent case, an analyst doubled down on his optimistic forecasts while hinting at the possibility of an even higher price target. Dogecoin (DOGE) to $23? Noted crypto analyst Ali Martinez has set another ambitious price target for Dogecoin, the leading dog-themed meme coin. In an X contribution On Saturday, December 28, Martinez claimed that DOGE could trade as…

The head of Shiba Inu, Shytoshi Kusama, expresses his enthusiasm for the future of SHIB, particularly focusing on the transformative potential of the cryptocurrency in the next year. With 2024 coming to an end in less than 48 hours, Kusama used X to give members of the Shiba Inu community a hint about what to expect in 2025. Kusama’s upcoming podcast The enigmatic leader sheds light on his upcoming podcast, which he says will showcase Shiba Inu’s potential. According to him, the podcast will have 44 episodes and he intends to communicate with the broader crypto community through it. He…

ION Mining, a leading platform in the cloud mining industry, announced the official launch of its secure and risk-free cloud mining contracts, now regulated by the UK Financial Conduct Authority (FCA). This significant milestone solidifies ION Mining’s position at the forefront of the cloud mining sector, providing unparalleled security and confidence for investors in cryptocurrency mining. By introducing FCA regulated contracts, ION Mining is setting a new standard in the industry, ensuring investors can participate in cryptocurrency mining with complete peace of mind. The company’s innovative approach combines cutting-edge technology with strict regulatory compliance, providing a safe and transparent environment…

Despite the ongoing XRP price consolidation, market data shows that the altcoin is on track to achieve its highest annual close in history. XRP in particular has was facing a downward trend since reclaiming a seven-year high of $2.9 on December 3. Three days after this peak, the altcoin plunged by almost 19%And Despite occasional attempts at recovery, pressure from the bears continues. XRP’s fight for $2 Amid this bearish phase, analysts have more reason to be confident in XRP’s price prospects. In a recent commentary, market watcher Dom confirmed that XRP could indeed be on track to reach a…