The debut of Mubarak Coin on Binance, the world's largest crypto exchange, was met with unexpected results as the token crashed by 40% in just 24 hours. This sudden drop has sparked intense discussions among investors, with some seeing it as a normal correction and others fearing a larger shakeout. The token's listing on Binance was expected to boost its price, but instead, it triggered a sell-off by whales (large investors) taking profits, leading to panic selling. Some traders who hoped to ride the wave for huge profits in the futures market were left disappointed as insiders allegedly dumped large amounts of the crypto, further causing price declines. Technical indicators suggest that the selling pressure is likely to continue.
The Indian tech industry is abuzz with news of AceCloud's latest offering - the cutting-edge DeepSeek GenAI models now available in India. Tech mogul Mukesh Ambani weighs in on the importance of investing in intelligence over AI, as his company PDEU plans to build their own foundational AI model. Meanwhile, WEF attendees stress the need for collaboration and reforms in the face of AI advancements.
A Solana-based token named after the popular AI app DeepSeek, which recently topped the U.S. Apple App Store rankings, briefly experienced a surge in value, reaching a market cap of $48 million. However, the token's creators have been accused of leveraging the app's success and deceiving users, leading its valuation to drop to $30 million. The incident has raised concerns over cryptocurrency scams exploiting hot market trends and the need for caution among investors. Meanwhile, AI continues to be a hot topic, with U.S. officials and analysts keeping a closer eye on its impact on technology and markets.
Dyor's latest app update combines AI technology with community engagement to make DeFi investing more accessible, data-driven, and collaborative. The app utilizes AI to analyze market data and curate token collections tailored to different market narratives, such as AI tokens or SportsFi. With in-app trading challenges and social features, Dyor aims to create a space where investors can learn, strategize, and make better-informed decisions together. By prioritizing security and self-custody, Dyor empowers users to retain control of their assets and private keys.
Despite entering a new year, MicroStrategy, led by CEO Michael Saylor, continues its acquisition strategy for Bitcoin as it buys another $101 million worth of the cryptocurrency. This brings their total holdings to an impressive 447,470 BTC. The company recently sold off shares to finance the purchase, but still has plans to acquire more BTC in the future. The firm's recent purchase is part of their 21/21 plan, which includes equity and fixed-income securities capital raise to fund further BTC purchases.
XYRO, an up-and-coming cryptocurrency project focused on revolutionizing the DeFi industry, is making waves with its upcoming listing on three major exchanges – KuCoin, MEXC, and Gate.io, all launching on January 14, 2025. This move not only increases the visibility and liquidity of the XYRO token but also solidifies the project's position as one of the most promising in the crypto space. Investors can now deposit XYRO on KuCoin and MEXC to get ready for the highly anticipated trading start time of 10:00 AM UTC.
The cryptocurrency market is abuzz with XRP's record-breaking surge, pushing its market cap past Disney's. With analysts predicting a possible $10 price by 2025, XRP's future looks promising. The token's success can be attributed to a combination of factors, including positive regulatory developments and Ripple's growing influence, led by CEO Brad Garlinghouse. As XRP continues to gain traction among institutional investors, it is poised to make a significant impact in the business world and beyond.
Four-sentence summary: Ripple's XRP is up 5% after positive news surrounding its ecosystem and a prediction of significant inflows if an XRP ETF gains approval from the SEC. The token has also seen $8.06 million in futures liquidations in the past 24 hours, with long liquidations outweighing short liquidations. As XRP approaches key resistance levels, investors are anticipating a rally to new all-time highs, supported by bullish technical indicators.
The influencial figure and cryptocurrency enthusiast, Elon Musk, has once again caused a stir on social media by changing his Twitter profile name to 'Kekius Maximus' and replacing his profile picture with the popular Pepe the Frog meme. This comes after he had previously changed his display name to 'Mr. Tweet' back in 2023. The meme-inspired cryptocurrency token, which operates on multiple blockchain platforms, has recently experienced a surge in value, reaching a high of $0.005667. In a post on X, Musk hinted at his love for video games, stating that 'Kekius Maximus' will soon reach level 80 in a game called 'hardcore PoE'.
The highly anticipated $PANDAS token distribution has officially started, with just seven days left until its launch on major exchanges. Early investors can claim their tokens by following a simple process on the Neelsky App and securing their spot for trading. Don't miss out on this opportunity to get in on the hype surrounding $PANDAS before it hits the market on 25th December.