Doge and SHIB Rank Among Top Assets on MetaMask
Dogecoin and Shiba Inu have been identified as two of the most traded cryptocurrencies on MetaMask. These meme-inspired tokens ranked among the top five assets swapped on the platform over the past week. MetaMask’s latest activity report confirmed this trend, showcasing the growing prominence of meme-based cryptocurrencies. Pepe (PEPE), a frog-themed token, took the top spot, while Doge came in second. Solana (SOL), known for its fast blockchain, ranked third, followed by Shrub (SHRUB) and Shiba Inu. MetaMask’s Swap Feature Enhances Token Accessibility These rankings were determined by user activity on the Ethereum mainnet using MetaMask’s swap feature. Introduced in October 2020, the feature allows direct token swaps within the wallet, eliminating the need for centralized exchanges. Initially launched for desktops, the service was extended to mobile platforms, making it easier for users to trade tokens. Read Also: Shiba Inu Price Rebounds: Will It Sustain Momentum? Growing Market Influence of Doge and SHIB The strong market performance of Dogecoin and Shiba Inu underscores their rising influence in the cryptocurrency landscape. Increased trading activity has been observed for both tokens, partly attributed to external factors like political developments. Dogecoin’s price has surged by 17% in the past week, currently trading at $0.4295. Its trading volume initially increased by 126.5% to reach $19.23 billion before settling at $12.21 billion. Shiba Inu’s (SHIB) Recent Market Gains Shiba Inu has also demonstrated strong performance, breaking the $0.000025 resistance level last week. The token peaked at $0.00002704, reflecting an 8.78% increase within 24 hours. Its trading volume grew by 113.82%, totalling $3 billion, further highlighting its sustained market relevance. At present, SHIB is trading at $0.00002575. Meme Tokens Gain Recognition in the Crypto Market Including Dogecoin and Shiba Inu among the top swapped tokens on MetaMask emphasizes their significance in the digital asset ecosystem. The growing popularity of meme-based cryptocurrencies reflects changing user preferences and market dynamics. With increased trading volumes and strong performance, Doge and SHIB play a vital role in cryptocurrency.
Ripple XRP: Bri Teresi Joins Calls for Transparency in SEC Case
The ripple XRP community has been supported by model and influencer Bri Teresi. As an XRP holder, Teresi has voiced concerns about the SEC’s handling of Ripple’s legal battle. She urged for accountability and transparency, stating: “With the SEC’s suppression of XRP becoming evident, transparency is overdue. The truth must come to light.” Ripple-SEC Lawsuit Faces Key Developments The ongoing lawsuit has been labelled as a major barrier for XRP. Recent reports of SEC Chairman Gary Gensler’s planned resignation have sparked optimism for a crypto-friendly successor. Read Also: Charles Hoskinson Discusses Cardano and Bitcoin Integration for DeFi Celebrities and Ripple’s XRP Support Teresi joins other famous XRP supporters. In 2018, Ashton Kutcher donated $4 million in XRP to charity, Madonna partnered with Ripple for fundraising, and Snoop Dogg performed at a Ripple event. Advocating for Change Teresi highlighted the importance of exposing corruption: “XRP is not a scam coin. Transparency and accountability define the new era.” Ripple’s community continues to call for clarity amid legal challenges.
Charles Hoskinson Discusses Cardano and Bitcoin Integration for DeFi
Charles Hoskinson has proposed integrating DeFi functionalities into Bitcoin using Cardano’s advanced technologies, including Babel fees. This innovation would allow Bitcoin transactions to be paid in various tokens, potentially enabling hybrid applications. The focus remains on preserving Bitcoin’s foundational ethos while expanding its blockchain capabilities. Taproot Upgrade Boosts Bitcoin’s DeFi Potential The Taproot upgrade, implemented in 2021, enhances Bitcoin’s scalability and privacy. This improvement facilitates complex smart contracts, which could support DeFi integration. Developers can now design advanced protocols while maintaining Bitcoin’s decentralized nature. Read Also: Hoskinson Criticizes Wyoming Stablecoin Team for Ethereum Bias Broader Implications for Adoption and Utility Integrating DeFi into Bitcoin may increase its appeal to mainstream users familiar with Ethereum and other DeFi platforms. Streamlined access to decentralized applications (dApps) using BTC could boost adoption rates and add value. Hoskinson’s vision aims to enhance Bitcoin’s functionality through collaborative development with Cardano, respecting its core principles. The successful implementation of these features could create a versatile financial ecosystem and influence the broader blockchain industry.
Hoskinson Criticizes Wyoming Stablecoin Team for Ethereum Bias
Charles Hoskinson, the founder of Cardano, has expressed disappointment with Wyoming’s stablecoin initiative. He accuses its team of showing bias toward Ethereum and states that Cardano and other blockchain options were unfairly excluded from the project. Omission of Cardano Sparks Debate Cardano was notably absent from the list of blockchains chosen for Wyoming’s stablecoin Proof-of-Concept. Hoskinson argued that sentimental preferences, rather than transparent criteria, influenced the selection process. Lack of Transparency in Decision-Making Process The Wyoming Stable Token Commission was criticized for not disclosing qualification criteria. Hoskinson described the process as arbitrary, unconstitutional, and damaging to trust in the project. Read Also: Ripple’s Impact on Crypto Regulation Acknowledged by Stuart Alderoty Concerns Over Blockchain Selection It was alleged that the Executive Director involved had ties to Ethereum and Polygon and favoured their selection despite legislative intentions for a multi-chain framework. Potential Impact on Wyoming’s Blockchain Reputation Hoskinson called the situation a setback for Wyoming’s leadership in crypto innovation. He claimed that contributors, including himself, were sidelined, dampening enthusiasm for the state’s stablecoin initiative.
Ripple’s Impact on Crypto Regulation Acknowledged by Stuart Alderoty
Ripple’s Chief Legal Officer, Stuart Alderoty, has credited the company with critical contributions to the regulatory battles in the cryptocurrency industry. Ripple’s legal team was central in pushing back against SEC overreach. Stablecoin Progress and Legal Milestone Achieved by Ripple The minting of over 10.5 million tokens during testing has demonstrated Ripple’s progress with its RLUSD stablecoin. At the same time, the company’s partial victory in its SEC legal case has become a turning point in cryptocurrency regulation. Ripple’s Courtroom Win Shapes the Future of Crypto Rules The SEC lawsuit, centred on whether XRP qualifies as a security, has set a legal precedent for regulating cryptocurrencies. Ripple’s case has also challenged SEC Chair Gary Gensler’s enforcement approach. Anticipated Changes at the SEC and Ripple’s Forward Vision Upcoming leadership changes at the SEC, including Gensler’s planned resignation, have been celebrated within the crypto community. Ripple executives and insiders expect the next SEC Chair to adopt a more balanced regulatory stance. Read Also: XRP Gains Momentum as Gensler’s Exit Sparks Crypto Rally Ripple Inspires the Crypto Industry Ripple’s legal success has inspired other blockchain firms facing regulatory hurdles. Many hope the example set by Ripple will help create a regulatory framework that fosters innovation while maintaining compliance. Ripple’s efforts have established a foundation for future collaboration and reform in the cryptocurrency space. As Alderoty stated, “Ripple has paved the way,” leaving the industry to leverage this momentum for progress.
XRP Gains Momentum as Gensler’s Exit Sparks Crypto Rally
The cryptocurrency market has been energized by news of SEC Chair Gary Gensler’s resignation, with XRP experiencing a significant surge. As Bitcoin approaches the $100,000 milestone, altcoins perform strongly, including XRP and SOL. Altcoin Surge Led by XRP and SOL Amid Regulatory Optimism A shift in investor sentiment has been observed, with altcoins outperforming Bitcoin as its rally stabilizes. It led the charge, recording a 33% gain within 24 hours, while Solana (SOL) reached an all-time high above $260. The anticipated regulatory changes following Gensler’s exit have fueled optimism, suggesting the next SEC leadership may approve investment products for smaller tokens and enable staking for ETFs. Price Climbs Over 25% on SEC Leadership Change The resignation of Gary Gensler, scheduled for January 20, 2025, has triggered bullish sentiment across the crypto market. XRP surged by approximately 25% daily, reaching $2, while the broader market witnessed Bitcoin hovering near $100,000. This momentum has been attributed to expectations that the incoming administration will adopt a less aggressive approach to crypto regulation. Read Also: Ripple Expands Financial Horizons with RLUSD Stablecoin Ripple’s Legal Case Sparks ETF Speculations for XRP Following Gensler’s resignation announcement, speculation surrounding a potential XRP ETF has been reignited. A favourable resolution in Ripple’s legal battle with the SEC could lead to the launch of XRP-focused exchange-traded funds. 21Shares, Canary Capital, and Bitwise have already filed applications for spot XRP ETFs, signalling heightened institutional interest. XRP Price Predicted to Reach $5 Following Regulatory Shifts Analysts are optimistic that XRP could hit $2 soon, possibly reaching $5 as regulatory uncertainty fades. The market’s confidence has been bolstered by Gensler’s departure and the potential for Ripple to secure a favourable outcome in its ongoing legal disputes. These developments are expected to drive increased adoption and investment in XRP, positioning it as a key player in the evolving crypto landscape. Broader Crypto Market Benefits From Regulatory Transition The broader crypto market has responded positively to the anticipated regulatory changes. XRP, ADA, and SOL are among the tokens experiencing significant price increases. As stablecoin supplies expand and institutional interest grows, Bitcoin’s rally is expected to continue, potentially reaching $115,000 by the end of the year. Meanwhile, altcoins like XRP are poised to capitalize on these favourable market conditions.
Cardano Constitution Update Sparks 12% ADA Surge
The Cardano Foundation has released a significant update to the Cardano Constitution, aiming to enhance governance within the blockchain ecosystem. This development coincided with a 12% increase in the value of ADA, signalling positive market sentiment. New Cardano Constitution Focuses on Governance and Inclusivity An updated proposal for the Cardano Constitution has been unveiled to improve the blockchain’s governance framework. Initially drafted on July 29th, this proposal incorporated insights from constitutional workshops, community feedback, and expert discussions. The updated Constitution will be made available in several languages, including Japanese, Spanish, Hindi, and Portuguese, to ensure global accessibility. Cardano Governance to Be Streamlined for Wider Participation The new proposal emphasizes efforts to make the governance framework more accessible and transparent. The focus is on engaging a less technical audience to encourage greater stakeholder participation. Read Also: XRP Rebounds Strong: Will It Hit $1.50 Next? Key updates include governance action specifications, budget and treasury details, a reorganized table of contents, and revised sections in the Preamble and Tenets. Charles Hoskinson Optimistic About Cardano’s Future Cardano creator Charles Hoskinson has expressed optimism about the platform’s trajectory, highlighting the importance of on-chain governance. He believes the updated Constitution will lay a strong foundation for Cardano as it moves into 2025. In a recent statement, Hoskinson reaffirmed his confidence in the blockchain’s ability to achieve long-term success through these governance improvements. ADA Price Rises as Cardano Community Reacts Positively Following the release of the updated Constitution, ADA recorded a 12.38% price increase in 24 hours, trading at $0.885. The token is now approaching the critical $1 level. Market data from CoinMarketCap reveals that ADA is the ninth-largest cryptocurrency, with a market cap of $31.02 billion. Despite being 71.39% below its all-time high of $3.10 in 2021, ADA has surged 43.95% in the past week and 140.72% in the past 30 days. Cardano Strengthens Its Position in the Blockchain Industry With its updated Constitution and a focus on governance, Cardano is positioning itself as a leader in blockchain innovation. By improving accessibility and transparency, the platform encourages broader participation and sets a standard for decentralized governance. The ongoing growth in ADA’s value reflects the market’s confidence in Cardano’s vision and its ability to deliver impactful solutions in the blockchain space.
XRP Price Hits $1.26 Amid Legal Uncertainty and Trump Presidency Hopes
The value of XRP has recently surged to $1.26, generating excitement among cryptocurrency investors. This rally coincides with renewed optimism about potential pro-crypto policies under President-elect Donald Trump. However, ongoing legal challenges with the U.S. Securities and Exchange Commission (SEC) continue to cast uncertainty over XRP’s future. SEC Ruling and Its Impact on XRP’s Trajectory The SEC’s 2023 ruling, which determined XRP is not a security when sold to retail investors, has been a significant factor in the token’s resurgence. Despite this positive ruling, the SEC’s appeal has left the case unresolved. A crucial legal date, January 15, 2025, is expected to provide more clarity for XRP investors. Experts believe Ripple may negotiate a settlement or reduced penalties, especially if a pro-crypto SEC chair is appointed. This speculation has been fueled by reports of Trump considering Brian Brooks for a high-ranking regulatory role. Ripple CEO Brad Garlinghouse remains optimistic, stating that regulatory clarity could unlock the full potential of the U.S. cryptocurrency market. Garlinghouse recently noted, “The market is finally moving past the unlawful war against crypto,” highlighting the potential for a more supportive regulatory environment under Trump’s leadership. Read Also: Cardano Could Surpass Ethereum, Says Top Analyst XRP ETF Approval Could Boost Institutional Interest Another bullish catalyst for XRP is the possibility of an exchange-traded fund (ETF) approval. Legal analyst Jeremy Hogan has predicted that an XRP ETF could receive approval by mid-2025. Such a development is expected to attract significant institutional investment and provide further legitimacy to XRP. XRP Pulls Back to $1.10: What’s Next for the Price? Following its rise to $1.26, XRP’s price has retraced to $1.10, prompting analysts to closely monitor the $1 support level. Despite this dip, market sentiment for XRP remains positive. Analysts believe that as long as XRP holds above the $0.785 support level, the next price target could reach $2, which is seen as a critical psychological barrier. Seasoned market watcher Casi Trades noted, “Long-term prospects for XRP remain between $8 and $13, but caution is needed during short-term volatility. While technical indicators like the Relative Strength Index (RSI) hint at possible short-term price corrections, the broader outlook for XRP continues to be optimistic. Why XRP’s Journey Matters to the Crypto Market The trajectory of XRP’s price and legal battle with the SEC highlight the broader challenges and opportunities facing the cryptocurrency market. Ripple’s case could set critical precedents for the classification of digital assets. Additionally, an approved XRP ETF could revolutionize institutional involvement in the crypto space. As regulatory conditions evolve, XRP remains a token to watch for its potential to influence the future of the cryptocurrency landscape.
Cardano Could Surpass Ethereum, Says Top Analyst
According to leading analyst Dan Gambardello, Cardano (ADA) can surpass Ethereum, which is driven by strategic partnerships and key technical developments. Gambardello predicts that ADA’s growth will continue as these factors significantly influence its momentum. Major Partnerships Propel Cardano’s Bullish Outlook Gambardello pointed out that potential collaborations with major networks such as Bitcoin, Ripple, Stellar, and Dogecoin are fueling Cardano’s rise. Influential figures, including Jed McCaleb, founder of Stellar, and Ripple CEO Brad Garlinghouse, have voiced support for Cardano’s future. Charles Hoskinson, the founder of Cardano, has taken proactive steps to strengthen these partnerships. He recently shared plans to hire a team dedicated to making Cardano the leading platform for Bitcoin decentralized finance (DeFi). This strategy aims to leverage Bitcoin’s capital and integrate ADA into the DeFi ecosystem, a move Gambardello describes as “game-changing” for ADA’s long-term potential. Read Also: Shytoshi Kusama Outlines Goals for 2024 Ecosystem Strategy Cardano’s Growing Influence Could Overtake Ethereum Gambardello suggested that Cardano’s growing network of collaborations and partnerships with Bitcoin and other prominent networks could allow ADA to surpass Ethereum in the coming years. The analyst emphasized that the market may still be underestimating ADA’s true potential and urged the community to adjust its expectations based on these developments. Cardano’s Technical Indicators Show Promising Growth On the technical front, Gambardello highlighted that ADA attempts to break out of a symmetrical triangle pattern with a potential price target of $0.90. However, he recommended caution as a short-term pullback may be likely. ADA may face consolidation and a possible retracement to the $0.58–$0.60 range before it continues its upward momentum. Gambardello noted that such resets are essential for long-term, sustainable growth, aligning with patterns seen in previous cycles. Long-Term Outlook for Cardano Remains Strong Gambardello remains confident in Cardano’s long-term prospects despite the possibility of short-term consolidation. He believes that the macro landscape for Cardano is strong, and investors who exercise patience will be rewarded. As the bull run enters a new phase, Gambardello is optimistic that Cardano will become a leading force in the cryptocurrency market. Cardano’s Surge Continues: Impressive Growth Over Two Weeks At the time of writing, Cardano is trading at a multi-year high of $0.8331, following a 14% surge in the past 24 hours. This recent growth adds to ADA’s impressive performance over the past two weeks, showing a remarkable 134% increase. With solid fundamentals and growing investor confidence, Cardano’s future looks promising as it continues its journey towards more significant market influence
Cardano Reaches Over Two-Year High Amid Bullish On-Chain Metrics
The price of Cardano (ADA) has surged to levels last seen in May 2022, driven by on-chain solid metrics. A more than 10% rally was recorded on Wednesday, continuing ADA’s bullish momentum. Key metrics, including whale transactions, trading volume, and open interest, have reached record highs. This growth suggests a sustained upward trend for the cryptocurrency. Bullish Indicators from Cardano’s On-Chain Data Positive on-chain data has supported the recent rally in Cardano. Information from Coinglass shows that open interest (OI) for ADA futures rose sharply this week. The OI value increased from $585.37 million on Monday to $717.22 million by Wednesday, marking the highest since November 2021. Rising open interest indicates the influx of new funds and buying activity, reinforcing a bullish outlook. Read Also: Dogecoin Struggles at $0.40: Will It Reclaim Its Monthly High? Santiment data reveals that daily trading volume for Cardano has reached $52.26 billion, the highest in seven months. Additionally, whale transactions are at a six-month peak, highlighting increased interest from large investors. Cardano Targets the $1.00 Mark as Momentum Builds Cardano’s price has seen a remarkable 140% rally since early November, trading at $0.837 at the time of the latest report. If the price closes above the critical $0.854 level, representing the 61.8% Fibonacci retracement from the $1.245 high in April 2022 to the $0.221 low in June 2023, a push toward the $1.00 psychological level is expected. However, caution is advised as the Relative Strength Index (RSI) on the weekly chart has reached 77, exceeding the overbought threshold of 70. Traders are warned of a possible pullback if RSI momentum begins to weaken. Cardano’s Market Outlook: Opportunities and Risks Ahead While Cardano’s bullish metrics present promising opportunities, market dynamics may introduce risks. The current RSI level indicates a heightened likelihood of a price correction. Investors are encouraged to monitor key resistance levels closely and adjust strategies accordingly. A sustained close above $0.854 would likely drive further gains, while failure to maintain momentum could signal consolidation. Cardano’s Price Rally Supported by Strong Metrics Cardano’s rise to a two-year high has been underpinned by increased whale activity, higher trading volume, and rising open interest. The $1.00 mark remains a critical target, dependent on maintaining upward momentum. Investors should remain cautious due to overbought conditions in the RSI. Whether Cardano continues its rally or enters a correction phase will depend on how these technical and on-chain factors evolve in the coming days.
