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Analyst Prediction: Alt Season to Start with 16% Growth Cryptocurrency analyst Daan Crypto Trades has predicted that the peak season for altcoins will begin when the total altcoin market cap, or TOTAL3, grows by 16% to reach a historic high of $1.13 trillion. According to Daan Crypto Trades, the total altcoin market cap (excluding Bitcoin and Ethereum) is currently $962.78 billion, up 91.45% since the beginning of 2024. He believes that the market will be volatile as long as the index fluctuates between $840 and $1.1 trillion.
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Famous Analyst: Ripple is Ready for a 1,295% Price Surge! Credible Crypto, a popular cryptocurrency analyst and trader on social media, announced in a new video on his YouTube that the Ripple (XRP) currency has a huge upside potential in the cryptocurrency market. Using Elliott Wave theory, he predicted that Ripple could grow by 1,295% from its current level. The analyst believes that XRP is preparing for the next bullish move that could take the price above $4 and new records. He predicted that Ripple could eventually reach the $20-$30 range. At the time of publication, Ripple is trading at $2.15. Credible Crypto emphasized that XRP is one of the few cryptocurrencies that shows a clear bullish price pattern across all time frames.
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Asset management firm Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) called the Bitcoin (BTC) Standard Companies Fund. The ETF will invest in companies that have at least 1,000 bitcoins in their vaults, a market cap of more than $100 million, and daily liquidity of at least $1 million. Strive has also filed for a Bitcoin bond ETF. Public companies hold 587,687 bitcoins, or 20 percent of all bitcoin held by institutions.
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The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist. For example, December 1 saw Sui’s largest unlock in U.S. dollar value to date due to SUI’s ongoing price increase, unlocking $224 million worth of 64.19 million tokens. The phenomenon is set to repeat on 2025’s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.19% after the token unlock.
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Software company MicroStrategy called a special shareholders’ meeting to expand its equity-issuance plan and purchase more Bitcoin.  According to a Dec. 23 proxy filing with the United States Securities and Exchange Commission (SEC), the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed. Behind the proposals is MicroStrategy’s 21/21 Plan. Disclosed in October, the plan outlined the company’s goal of purchasing an additional $42 billion worth of Bitcoin over the next three years. It involves raising $21 billion through equity sales and $21 billion via fixed-income securities.
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Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the past three trading days, the eleven spot Bitcoin ETFs have shed $1.17 billion as the asset fell more than 14% from its all-time high a week ago. On Dec. 23, total aggregate outflows totaled $226.5 million, with Fidelity leading the exodus with an outflow of $146 million. Bitwise, Ark 21Shares, Invesco, VanEck, and Grayscale funds also saw outflows on Monday, but BlackRock bucked the trend with an inflow of $31.7 million.
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Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million). This purchase increases its total Bitcoin holdings to 1,761.98 BTC, currently valued at $169.2 million.
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According to ChatGPT-4’s AI analysis, Ripple (XRP) and Solana (SOL) will outperform Bitcoin (BTC) in January 2025. With Gary Gensler leaving the US Securities and Exchange Commission (SEC) and Paul Atkins taking over as the new chairman, Ripple’s legal case is expected to end in its favor. Ripple, which has posted a 285% return in 2024, is currently trading at $2.23. Solana has also surpassed Ethereum (ETH) in attracting new developers with an 83% growth and has posted an 80% return in 2024 at $182.
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Jamie Coutts, senior analyst at Real Vision, predicts that the decentralized finance (DeFi) sector will grow 4-5x by 2025 as traditional finance enters the market, with some DeFi protocols outperforming Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). According to Coutts, centralized exchanges will start acquiring new companies and integrating with cryptocurrencies, and the tokenization of real-world assets (RWA), especially equities and fixed income, will increase. He also believes that the cryptocurrency industry is overtaking the traditional finance sector, citing Coinbase’s revenue, which accounts for 11% of global exchange revenue.
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Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block.
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Crypto veteran Arthur Hayes thinks the digital asset market will endure a “harrowing” crash next month. “The people are impatient because they are desperate. Trump is an astute politician and knows his base. To me, that means he must go big early, which is why my money is on a massive dollar vs. gold devaluation early into his first 100 days in office. It is an easy way to make production costs globally competitive in America quickly. It will lead to an immediate re-shoring of productive capacity, leading to an increase in hiring today and not five years from now.
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Solana (SOL) has solidified its position as a leading blockchain, setting a new milestone with unmatched network activity over the past day. According to Artemis data, the network processed an impressive 66.9 million transactions on Dec. 17. This achievement illustrates its growing popularity and efficiency. This surge positioned Solana far ahead of its peers, with its transaction volume exceeding that of all major blockchains combined. The network also led in user engagement, accounting for more than half of the daily active addresses across leading blockchain platforms during the same period.
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Ethereum whale wallet holdings have reached their highest level ever, accounting for about 57% of all Ether in existence, according to onchain analytics platform Santiment. In a Dec. 16 post to X, the platform said that 104 whale wallets holding more than 100,000 Ether ETH $3,841.26 each, collectively hold about $333 billion. Wallets holding between 10 and 100,000 Ether are at a historic low of 33.5%, and wallets holding less than 100 Ether have a supply ratio of just 9.19%, hitting a near four-year low, all of which may be a long-term bullish indication, especially if the whales keep accumulating.
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MicroStrategy has bolstered its Bitcoin holdings with an additional acquisition of 15,350 BTC, investing approximately $1.5 billion. The purchase, completed between December 9 and December 15, 2024, reflects an average price of $100,386 per Bitcoin, including fees. This is the first time that MicroStrategy purchased Bitcoin with an average price above $100,000. The strategic move aligns with the company’s commitment to Bitcoin as its primary treasury reserve asset.
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Asset management giant VanEck is predicting a large surge in decentralized finance (DeFi) trading volumes next year. In a new report detailing its predictions for 2025, VanEck analysts say decentralized exchange (DEX) volumes will capture a fifth of centralized exchange (CEX) spot trading volumes. “Despite record-high decentralized exchange (DEX) trading volumes, both in absolute terms and relative to centralized exchanges (CEXs), decentralized finance (DeFi) total value locked (TVL) remains 24% below its peak. We anticipate that DEX trading volumes will surpass $4 trillion in 2025, capturing 20% of CEX spot trading volumes, driven by the proliferation of AI (artificial intelligence)-related tokens and new consumer-facing DApps (decentralized apps).
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ETH Sees Rising Demand Gauging ether’s realized price, the average one at which holders bought their ETH, $5,200, is the current upper limit for the crypto asset. Although this point marked the ETH top for the 2021 bull run, the price band will continue to rise as new market participants buy ETH at higher valuations. The renewed demand for ETH can be seen in the holdings of spot Ethereum exchange-traded funds (ETFs), which hit a new high of 3.41 million coins. These products have witnessed a significant increase in their holdings since their launch in July 2024, and this growth marks a notable recovery from a low of  2.716 million ETH in September.
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On October 16, 2024, Radiant Capital, a decentralized cross-chain lending protocol built on LayerZero, was the victim of a highly sophisticated cyberattack that resulted in a staggering $50 million loss. The attack has since been linked to North Korean hackers, marking another alarming chapter in the growing wave of cybercrime targeting decentralized finance (DeFi).
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The Bitcoin (BTC) Fear and Greed Index, created by Alternative, shows that investor sentiment has declined from extreme greed to moderate greed. The index, with a score of 74 out of 100, is still in the greed zone, but has moved out of the extreme greed zone (75). This shift occurred after the Bitcoin price plunged and the altcoin market crashed. History shows that extreme greed is usually associated with price peaks, while extreme fear is associated with price bottoms.
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The U.S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.9 million from at least 28 investors by directing them toward fraudulent platforms, then instructing them to purchase Bitcoin at legitimate brokerages or crypto exchanges before transferring the funds to blockchain addresses linked to the defendants.
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South Korea Delays Crypto Tax to 2027 Amid Global Reforms The 20-25% tax on earnings over 50 million won from stocks and other investments is scrapped to boost markets. A 20% tax on virtual asset income exceeding 2.5 million won is postponed, aligning with global regulatory trends. Countries like the Czech Republic and Italy are easing crypto tax policies to attract investors and drive adoption.
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