jamesethansson

@jamesethansson

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@jamesethansson

Other blockchain data firms have warned about the project’s tokenomics even before the meltdown. Blockchain analysis firm Bubblemaps had warned about LIBRA’s flawed tokenomics, revealing that 82% of the supply was unlocked and sellable from the start.

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@jamesethansson

While parts of the crypto community speculated that the announcement could result from a hack, sources close to Trump’s family confirmed to Cointelegraph that the project is legitimate and linked to his non-fungible token (NFT) ventures.

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@jamesethansson

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR TRUMP NOW,” Trump posted on Truth Social and X.

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@jamesethansson

Crypto traders are raking in millions following the launch of Official Trump (TRUMP), a Solana-based memecoin introduced by US President-elect Donald Trump.

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The move follows a market closure on New Year’s Day but marks the third consecutive trading day of outflows for the BTC investment product, which is another record. Over the past week, BlackRock’s iShares Bitcoin Trust has seen $392.6 million in outflows.

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The Hawk Tuah memecoin surged to a market capitalization of approximately $491 million hours after its launch but plummeted by more than 90% immediately afterward.

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The appointment of the former CFTC commissioner could shift the scales in a long-debated jurisdictional lack of clarity over cryptocurrencies between the CFTC and the US Securities and Exchange Commission.

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The bears pulled the price back below $200 on Nov. 29 but could not maintain the lower levels. The AAVE/USDT pair turned up from $200 on Nov. 30, indicating that the bulls are trying to flip the level into support. Buyers will have to maintain the price above $215 to clear the path for a rally to $260.

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The 20-EMA is the first support to watch for on the downside. If the price turns up from the 20-EMA, it will signal that the sentiment remains positive. The bulls will then try to drive the pair above $0.95.

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Both moving averages are sloping up on the 4-hour chart, and the RSI is near the overbought zone, indicating that buyers are in command. Buyers pushed the price above $0.94 but failed to sustain the higher levels.

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The bears will be back in the game if they sink the price below the 20-day EMA. The pair could then descend to the 50-day SMA ($0.69).

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If the price fails to maintain above $0.94, it will signal that bears are active at higher levels. The pair may then drop to the 20-day EMA ($0.81), an essential level for the bulls to defend. If the price rebounds off the 20-day EMA with force, the possibility of a rally above $0.94 increases.

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If they succeed, the MNT/USDT pair could rise to $1.10, where the bears are again expected to mount a strong defense.

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Conversely, a break below $6.77 could sink the pair to the 20-EMA and then to the 50-SMA. Sellers would have to sustain the price below the moving averages to get back into the driver’s seat.

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@jamesethansson

The bulls and the bears are witnessing a tough battle at the breakout level of $6.77. The rising moving averages on the 4-hour chart and the RSI in the overbought territory indicate advantages to buyers. If the price turns up and rises above $7.33, it would indicate the resumption of the up move.

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If the price turns up from the current level and rises above $7.33, it will signal that the bulls have flipped the $6.77 level into support. That would increase the possibility of a rally to $9.34.

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The bears will try to pull the price back below the breakout level of $6.77 and trap the aggressive bulls. If they manage to do that, the FIL/USDT pair could drop to the 20-day EMA ($5.33). Buyers will have to fiercely defend the 20-day EMA if they want to keep the positive sentiment intact.

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Mara was founded in 2010 and is headquartered in Fort Lauderdale, Florida. While most of its energized computing is based in the US, including Texas, North Dakota and Nebraska, it also has joint venture operations in Paraguay and Dubai.

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The crypto miner has also called for more investment into US Bitcoin mining, a Bitcoin strategic reserve, more legal clarity and incentives for Bitcoin miners and investors and for the US to set global standards for decentralized networks.

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Currently, the China-based Bitmain is the world’s leading manufacturer of crypto mining hardware, with a market share of around 75% (though some have estimated it to be as much as 90%), followed by MicroBT — also based in China.

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