DeFi News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Solana (SOL) has emerged as a solid competitor to Ethereum (ETH). The SOL network has seen incredible growth over the last few years. Transaction fees and time have also seen a dramatic decline on the SOL network. These aspects have led to many developers choosing the SOL network over ETH. Also Read: De-dollarization: Devere CEO Warns Dollar Supremacy Cracking as Asia Dumps USD Solana’s Price If Its Market Cap Equals Ethereum Source: Blockworks Ethereum (ETH) has a market cap of about $222.33 billion. Solana (SOL), on the other hand, has a circulating supply of about 520 million coins. Also Read: $280 Price Target Projected for Amazon Stock (AMZN) Let’s assume that the number of SOL coins in circulation remains the same. In this scenario, the price of each coin will hit $427.56. SOL’s price will rally by about 189.69% if it hits the $427.56 target. Reaching $427.56 will also be a new all-time high for the asset. When Will the Asset Breach the $400 Mark? Solana (SOL) ha...

Ripple’s XRP has been under the spotlight for several months now. The altcoin’s sudden jump above the $1 mark has been monumental. After being sidelined for years, the asset emerged as one of the top performers. The cryptocurrency, with its 300% gain throughout the past year, managed to make the most out of the change in the US government. While the community expected XRP to record a new high, investors were happy to see it move close to its peak. But XRP holders are yearning to see a new peak by the end of 2025. The real question is whether the asset can turn these dreams into reality. Also Read: How High Can Ripple (XRP) Rise If It’s Adopted For Global Use? Ripple’s XRP Continues To Linger Around $2 Source: Coinfomania Similar to the rest of the market, the price of XRP began picking up in the new week. The asset, at the time of writing, was trading at $2.12. This comes after a 2.86% increase over the past 24 hours. Just earlier today, the altcoin was trading at a lo...

The cryptocurrency industry consists of a wide range of investors. From retail to institutional investors, the market benefits from them all. But whales certainly stand out due to the magnitude of their investments. They also fill the market with confidence or even panic due to their actions. The Dogecoin (DOGE) market recently got a boost of confidence following the latest activity of these large investors. Also Read: Major Economy Rejects De-Dollarization, Embraces the US Dollar Diving Into Dogecoin’s Current Market Source: Watcher Guru Dogecoin was seen slowly leaving the bears behind and embracing recovery. Over the past 24 hours, the OG meme coin recorded a rise of 1.12%. At the time of writing, DOGE was trading at $0.1679. Source: CoinMarketCap Despite its notable gain throughout the last few months of 2024, DOGE was seen struggling. The asset ended 2024 at a high of $0.4672 but it dipped to a low of $0.1453 earlier this month. Throughout the past 30 days alone, the meme coi...

In the midst of a market-wide pullback, XRP has demonstrated an unexpected degree of resilience, having posted smaller losses than many other leading digital assets. Despite worries that a crash below the crucial $2 support level could lead the price of the token to plummet, over the last 24 hours, XRP has only seen modest changes in price, amounting to a 0.03% loss. It seems that the bulls are having a relatively easy time keeping XRP above $2.30. At press time, the token was trading at $2.33, having marked a 10.22% gain since the start of the year. For the sake of comparison, Bitcoin (BTC) has marked a 12.27% loss in the same timeframe — while the S&P 500 benchmark index has shed 3.73% in value. Picks for you Top 3 commodities to invest in 2025 2 hours ago ...

XRP spent most of 2024 trading sideways. However, it was one of the biggest beneficiaries of the bull run that kicked off in November. At first, 2025 seemed to be off to a good start for the token — however, momentum has shifted as of late.  Looking back, since the beginning of the year, XRP has seen prices increase by 17.91%. The current week-long stall in XRP price action seems set to continue. In the last 7 days, the cryptocurrency has shed 0.23% in value, while marking a 1.07% increase in price on the daily chart. At press time, XRP was changing hands for $2.45. XRP price year-to-date (YTD) and 1-week charts. Source: Finbold Despite these recent struggles, analysts are generally confident that the digital asset still has room to grow. Ripple Labs’ longstanding lawsuit with the Securities and Exchange Commission could be nearing a conclusion, as shakeups at the regulatory body will likely lead to a more favorable stance toward cryptocurrencies. One technical ana...

The Avalanche AVAX cryptocurrency has fallen below its $26 resistance level, dropping over 30% in the past month according to price charts. Whale sell-offs of the altcoin total $780 million, indicating worry among large investors over the asset’s future. On-chain data previously showed strong resistance at $27.91, a level it hasn’t hit since last week. Now below $26, investors are questioning if price predictions for AVAX hitting $30 are still plausible. With altcoin season set to begin sometime next month, the crypto market anticipates many altcoins like AVAX to rebound. The market has faced resistance since the start of the year, with most coins in the red. Avalanche’s price trend has surpassed a local resistance trendline. This marks a bullish breakout of a descending triangle pattern, which previously followed a bearish trend. With the breakout rally, the AVAX price trend is aiming to challenge the 23.6% Fibonacci level at $26.65. Currently, AVAX trades at $25.48, ...

The Ethereum (ETH) network has been on the edge. Several assets over the past couple of months were seen recording new peaks, but ETH was still struggling to reclaim its current all-time high. Amidst this, the Ethereum Foundation continued to sell more tokens. As the community watched the drama unravel in the network, the largest altcoin was slipping down to $3,000. Also Read: OpenAI Faces Major Copyright Battle: Adani (NDTV) & Ambani (Network18) Join Lawsuit Ethereum’s Balancing Act Source: GameSpace According to recent data from CoinMarketCap, ETH had taken a huge hit over the past 24 hours. During the time of writing, the second largest cryptocurrency was trading at $3,113 with a 6% daily drop. Earlier today, Ethereum was priced at a high of $3,343.15 before plummeting to a low of $3,024.09. Source: CoinMarketCap The last drop caused chaos in the market. The total number of long liquidations over the last 24 hours surged to a high of $110.25 million. In addition, $11.27 short p...

For the first time in many weeks, trading on Friday, December 20, raised the question of whether Bitcoin (BTC) will continue soaring like Led Zeppelin or if it will fall like a ‘lead zeppelin.’ Specifically, despite trading above $108,000 just days earlier – on December 17 – BTC collapsed to its press time price of $92,398 – a 9.52% 24-hour drop. BTC 7-day price chart. Source: Finbold Though the needle has moved somewhat in recent weeks, $92,000 has, on several occasions, been designated as the final stop before a plunge toward $85,000, most notably by the prominent cryptocurrency analyst on X, Ali Martinez. Picks for you Bloodbath: Crypto traders lose $1.4 billion in 24 hours of massive liquidations 1 hour ago XRP cr...

The cryptocurrency industry has been on an uptrend. The world’s largest cryptocurrency, Bitcoin (BTC), was seen recording new peaks throughout the last couple of days. The king coin surged all the way to a high of $108,268.45 earlier this week. This uptick further led to the community rolling out ambitious predictions for the market. Prominent cryptocurrency exchange Bitfinex recently hopped onto this trend and had a new prediction for the king coin. Also Read: Expert Predicts List Of New Crypto ETFs That May Launch In 2025 Can Bitcoin Reach $200,000 Soon? Source: Watcher Guru According to a recent report by Bitfinex, Bitcoin is all set to witness major downfalls in the coming year. But these drops in 2025 will be brief. This is mostly because of robust institutional demand. The report further read, “Our view is that any corrections in 2025 will remain mild, thanks to institutional inflows.” In the best-case scenario, they projected that the price of Bitcoin will double by J...