Ethereum faces potential decline to $3,000 as increased selling pressure from both long-term and short-term holders prompts concerns. Despite this, whale activity and a modest uptick suggest the market’s resilience.
Hyperliquid, a cutting-edge decentralized trading platform and Layer 1 blockchain, reports over $1 billion in USDC net inflows since the launch of its native token, Hype. The platform’s impressive growth is marked by a surge in its decentralized exchange activity and a notable increase in its total value locked (TVL), making it a standout in the DeFi landscape.
The NFT market experienced a robust start to December, with weekly sales volumes hitting $187 million, showcasing increased investor interest. However, the period also highlighted challenges, such as notable scams and technical issues with new crypto token launches.
Solana developers have introduced a proposal to boost the network’s block compute limit from 48 million to 50 million units, aiming to facilitate more transactions while maintaining performance stability. This strategic move is still in draft form but signifies Solana’s dedication to scalability and network efficiency.
Cardano (ADA) has seen significant whale activity, with investors purchasing 100 million tokens as the price enters a consolidation phase after notable gains. Despite a decrease in trading volume and investor participation, the blockchain’s scalability achievements hint at potential future price movements.
Dogecoin rekindles interest with its new blockchain-based game, Super Doginals, amidst a challenging market position. Simultaneously, IntelMarkets marks a significant milestone, raising $2.5 million in its presale, highlighting the growing integration of AI in crypto trading.
Mythical Games teams up with FIFA to introduce the new mobile game FIFA Rivals, set for a 2025 release, while MemeFi launches amidst market volatility, and Flickplay partners with Bandai Namco for a unique Pac-Man NFT scavenger hunt.
Stakeholders from the Blockchain Technology Association of Nigeria advocate for a national Bitcoin strategy, inspired by pro-cryptocurrency moves in the US. SiBAN’s President emphasizes the importance of embracing cryptocurrency for Nigeria’s growth in the global digital economy, citing low adoption rates and the potential benefits of integrating digital currencies into the mainstream.
Hangzhou-based Nano Labs announces Bitcoin payment acceptance through Coinbase, marking a significant step in cryptocurrency adoption within China’s tech sector, while seeing a 5.6% stock price increase following the announcement.
Cardano (ADA) has witnessed a significant price increase, following the broader crypto market trend after Donald Trump’s election victory. With the cryptocurrency breaking past key resistance levels, the market is abuzz with the potential for further gains, powered by election optimism and a growing interest in ADA derivatives.
