DeFI News by Thebittimes.Com

The XRP price surged 8% in the last 24 hours to trade at $3.13 as of 02:15 a.m. EST on trading volume that skyrocketed 111% to $23.6 billion. This comes as the US Securities and Exchange Commission (SEC) finally filed an appeal to reverse the court ruling that said XRP was not a security when sold to retail investors. However, according to Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), “The SEC’s lawsuit is just noise.” Alderoty still stands by the idea that the appeal could be dropped by a future administration. As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and… https://t.co/3ZxO64Fs8C — Stuart Alderoty (@s_alderoty) January 16, 2025 “A new era of pro-innovation regulation is coming, an...

The Reploy price soared 4,433% in the last week and 20% in the past 24 hours to trade at $5.90 as of 8:54 p.m. EST on trading volume that dropped 9% to $9.2 million. Reploy Price Aims For A Continued Surge The Reploy price Analysis on the 1-hour chart is trading within a rising channel pattern characterized by higher highs and lower lows. The steep upward rally preceding the channel formation demonstrates strong bullish momentum. Since then, the price of Reploy has maintained its position within the channel’s boundaries, using the lower trendline as support and the upper trendline as resistance. Currently, the RAI price is approaching the channel’s upper boundary, indicating a potential breakout if buying momentum continues. The 50-day Simple Moving Average (SMA) (green line) at $4.17 is dynamic support within the rising channel. The Reploy price consistently trades above this moving average, confirming the bullish trend. Meanwhile, the Relative Strength Index (RSI) is...

The Ethena price prediction is heading toward the upper boundary of the channel as the price touches the daily high at $1.23. Ethena Prediction Statistics Data: Ethena price now – $1.19 Ethena market cap – $3.57 billion Ethena circulating supply – 2.92 billion Ethena total supply – 15 billion Ethena Coinmarketcap ranking – #46 ENA has shown impressive growth since its all-time low of $0.1953 on September 6, 2024, rising by 504.93%. While its current 24-hour price range fluctuates between $1.11 and $1.23, it has yet to reach its all-time high of $1.52 from April 11, 2024. This price movement highlights ENA’s potential for continued growth, making it an attractive option for early investors who have already seen substantial returns. ENA/USD Market Key Levels: Resistance levels: $1.50, $1.60, $1.70 Support levels: $0.90, $0.80, $0.70 ENAUSD – Daily Chart ENA/USD has shown remarkable strength over the past weekend, emerging as one of ...

XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.  With a market capitalization of $146.56 billion, the token priced at $2.56 at the time of publication has solidified itself as the third-largest cryptocurrency. This rally has been supported by several key factors, including rumors surrounding Ripple’s expanding ecosystem, growing optimism over regulatory clarity, and a broader bullish trend in the crypto market.  XRP’s 318% gain over the last year outperformed 81% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.  Picks for you Is $4,000 next for Ethereum? Expert Analysis 24 mins ago Bullish chart alert: Is Silver set for another rally? ...

The Bonk price surged 25% in the last 24 hours to trade at $0.00004350 as of 07:30 p.m. EST on trading volume that dropped 4% to $1.9 billion, according to data from CoinGecko . Bonk Price On A Sustained Bullish Trend The BONK/USD chart demonstrates a strong bullish breakout following a prolonged accumulation phase. A classic parabolic pattern (highlighted on the chart) has been completed, leading to a sharp rally. This pattern is a textbook bullish continuation signal, indicating buyers have gained momentum. The Bonk price, as a result of the sustained bullish trend, has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the asset is on a positive trajectory. Meanwhile, the Relative Strength Index (RSI) is currently around 65.36, suggesting the asset is in bullish territory but approaching overbought conditions (above 70). The Moving Average Convergence Divergence (MACD) is now on the bullish trend, with the blue MACD line crossing abo...

The Department of Government Efficiency price soared 116% in the last 24 hours to trade at $0.1412 as of 02:25 a.m. EST on trading volume that skyrocketed 112% to $30 million. This comes amid speculation surrounding Elon Musk and his possible involvement in Donald Trump’s incoming administration. Trump referred to Musk as a potential “secretary of cost-cutting” but clarified that he would not have a cabinet position. It’s been speculated he could head a Department of Government Efficiency (DOGE), named after the DOGE meme coin that Musk often promotes. Department Of Government Efficiency Price Could Still Soar The Department of Government Efficiency price is coming out of a consolidation phase in November around the $0.0552 range, according to data from GeckoTerminal . DOGE has dramatically surged on a parabolic curve in the last few days, which is a sign that the asset could still be on a sustained bullish trend to the upside. The Department of Government ...

The Dogecoin price surged 26% in the last 24 hours to trade at $0.2045 as of 02:37 a.m. EST on trading volume that skyrocketed 227% to $10.3 billion. This comes as Donald Trump is set to become president for the second time after defeating Kamala Harris in the US election. Trump has promised to be ”crypto president” and Dogecoin may be a big winner if Trump appoints DOGE fan Elon Musk to head a Department of Government Efficiency (DOGE) in his administration. Dogecoin Price Could Continue Soaring According to the DOGE/USD chart Analysis , the Dogecoin price is currently capitalizing on the cup and handle pattern, formed as DOGE found support within the $0.096 support, according to data from GeckoTerminal . The uptrend has pushed the price of Dogecoin to now trade above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price may continue soaring. Moreover, the 50-day SMA has now surpassed the 200-day SMA, which has now formed a go...

The Hamster Kombat price has surged 6% in the last 24 hours to trade at $0.004969 as of 12:30 a.m. EST on a 24% drop in trading volume to $108 million. Hamster Kombat Price Gears Up For A Potential Rally The HMSTR/USDT pair in the 4-hour timeframe indicates a potential bullish reversal. A rounded bottom pattern is forming, which suggests a shift from a downtrend to an uptrend. This pattern is generally seen as a bullish sign, indicating that buyers are starting to regain control after a period of consolidation. The current support level is around $0.0048, which has held well during the consolidation phase. This support is crucial for a potential upward move, as a breakdown below this level could lead to further price declines. On the upside, the possible neckline or resistance level is at $0.0058. If the price breaks above this resistance, it would confirm the rounded bottom pattern, suggesting a continuation of the bullish trend. HMSTRUSDT Analysis Source: Tradingview ...

The Sun price has surged 5% in the last 24 hours to trade at $0.03076 as of 6:30 a.m. EST, driven by a 23% increase in trading volume to $321 million. Sun Price May Along The Parabolic Curve The Sun price chart on the daily timeframe indicates a strong bullish trend, characterized by a recent breakout and the formation of a parabolic curve. After a prolonged period of sideways movement, the price surged above key resistance levels, signalling the beginning of a potential long-term uptrend. SUNUSD Analysis   Source: Dextools.io This breakout, occurring around the $0.0135 level, led to a rapid price increase, reaching a recent high of approximately $0.0400. The steep rise forms a parabolic curve often associated with intense bullish momentum. The price is well above the 50-day and 200-day simple moving averages, with the 50-day SMA at $0.0135 and the 200-day SMA at $0.0131. This positioning of the moving averages and the golden cross (where the 50-day MA crosses above t...

The Bitcoin price prediction shows that BTC could retest the $20,500 level for it to experience a steady increase above the moving averages . Bitcoin Prediction Statistics Data: Bitcoin price now – $20,581.73 Bitcoin market cap – $395.3 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $23,000, $24,000, $25,000 Support Levels: $18,000, $17,000, $16,000 BTC/USD is likely to recover higher should in case the bulls hold the price at $20,581 which is the support zone and the first digital asset must cross above the upper boundary of the channel to start another increase. As of the time of this writing, the Bitcoin price still sits above the 9-day and 21-day moving averages . Bitcoin Price Prediction: Would BTC Gain More? According to the daily chart, the Bitcoin price could gain more uptrends if it c...

Join Our Telegram channel to stay up to date on breaking news coverage D efi Coin Price Forecast: October 25 DEFCUSD is now trading in an ascending channel. Should the buyers interrupt the sellers, the bullish pattern may increase the coin price to rise further to a $0.1000 high value which might possibly hit the $0.3000 supply trend line. Key Levels: Resistance Levels: $0.07500, $0.07600, $0.07700 Support Levels: $0.06600, $0.06500, $0.06400 DEFCUSD Long-term Trend: Bullish (4H Chart) As an outcome of low bearish momentum, the DEFCUSD now trades in a general bullish trend. The buyers are hindering the market from smashing through the supply zones. The market was propelled higher by the bulls until it reached a new high at the $0.06764 resistance mark above the moving averages as the 4-hourly session resumes today. This shows the level and the high impact of the buy investors on the crypto market . Thus, if the bulls regroup and push higher, a steady rise above the mentio...