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ICP increased by 29.10%, decoupling from the broader market trend. ICP formed a bullish pennant, triggering a break through the $10.15 resistance. The cryptocurrency may hit $14 if it maintains the current momentum. At a time when most cryptocurrencies were either consolidating or experiencing major declines, Internet Computer (ICP) defied the trend. According to CoinMarketCap, the ICP price increased by 29.10% in the last 24 hours. This increase implied that the cryptocurrency whose value has hit almost 3x in the last 90 days could be the best-performing asset in the last days of 2023.  However, the surge might not be a surprise to ZAYK Charts, an analyst on X. On December 30, ZAYK posted that ICP had formed a bullish pennant on the 4-hour chart. ICP Flips the $10.15 Resistance A bullish pennant pattern occurs when an asset consolidates between converging support and resistance lines before making a strong upward move. After identifying the p...

The cryptocurrency market seems to be facing a slight correction right now. However, this may soon change as we enter the new year. Many investors and analysts believe 2024 will be a lucrative year for the crypto market. Some even say we may enter a 2021-like bull run, given that the US SEC (Securities and Exchange Commission) approves a spot Bitcoin (BTC) ETF (Exchange Traded Fund). Moreover, BTC will undergo its next halving cycle in April, which may further push the asset’s price. BTC reaching a new high could potentially bring forth another bull run. If we enter another bull run, other cryptocurrencies may also hit new all-time highs. Also Read: Top 3 Best-Performing Cryptocurrencies of 2023 Without further ado, let’s look at three cryptocurrencies under $2 that could reach $25 next year. Top 3 cryptocurrencies under $2 that could hit $25 Polygon (MATIC): Source: Medium Polygon (MATIC) recently surpassed the $1 mark for the first time since April. However, ...

Since the beginning of 2023, Ripple has made massive progress in its court battle against the United States Securities and Exchange Commission (SEC), which has accused the blockchain company of illegally selling the XRP token, a cryptocurrency considered a security by the regulator. Specifically, at the year’s turn, the XRP community was on the fence about the lawsuit’s future, with a poll shared by attorney John Deaton showing that 59.2% believed a settlement would happen, while 40.8% expected a verdict after the court granted a motion for crypto investment firm Paradigm to join the case. Intense disputes mark start of 2023 Shortly after, the regulator filed a motion to block Ripple’s expert testimony, arguing that the experts were unreliable and lacked the right background. In turn, Ripple filed a redacted motion to remove the SEC expert testimony and the accompanying exhibits on the public docket. As the year went on, the case turned its focus again to the controversial Hinman ...

2023 is almost at an end, and the cryptocurrency market has rejuvenated this year. Bitcoin (BTC), the original crypto, started at around $16,540 in January. Fast forward to December, and BTC has surged over $43k, growing by over 160%. The global crypto market cap has also surged to nearly $1.8 trillion, more than double what it was in January. Investing in any major crypto project would have been lucrative in 2023. With that said, let’s look at 3 of the best-performing cryptocurrencies of 2023. Top 3 best-performing cryptocurrencies of 2023 Solana (SOL): Source – CoinGape Solana (SOL) was trading at $9.96 on Jan. 1, 2023. Today, the token trades for over $100. In just 12 months, the cryptocurrency ’s value has surged by nearly 1000%. Recently, SOL reached a yearly high of $123.68. However, the asset faced a 5.2% correction in the daily charts, and its price is now hovering near the $100 mark. Also Read: Solana: Trader Uses 30 SOL Worth $2k to Make Over $5...

Source: //m.safe.gov.cn/safe/2023/1227/23714.html //m.safe.gov.cn/safe/2023/1227/23710.html Recently, China’s Supreme People’s Procuratorate and the State Administration of Foreign Exchange jointly released typical cases of cracking down on illegal foreign exchange crimes. Head of the Fourth Procuratorial Department of the Supreme People’s Procuratorate: In China, virtual currency does not have the same legal status as legal tender, and related business activities constitute illegal financial activities. Currently, an increasing number of illegal foreign exchange crimes are being implemented through virtual currency transactions. In the process of handling cases, it was found that using virtual currency as a trading medium to indirectly achieve the currency value conversion between foreign exchange and RMB is a crucial link in the chain of illegal foreign exchange trading and should be punished according to law. Guiding the evidence collection, examination, and judgment of facts relate...

Congressman Warren Davidson calls for SEC Chair Gary Gensler’s firing in 2024, citing corruption concerns and introducing the SEC Stabilization Act for accountability . Throughout 2023, tensions between the U.S. Securities and Exchange Commission (SEC) and the digital asset sector have escalated under the leadership of Chairman Gary Gensler. U.S. Congressman Warren Davidson has taken a strong stance against Gensler, recently expressing his belief that Gensler should be fired in 2024. Davidson further urged Congress to hold the SEC accountable for what he termed as “corruptive behavior” over the past year. You might also like: Vivek Ramaswamy slams Gary Gensler, SEC over ineffective crypto rules 2024 would be a great time to #FireGaryGensler, pass the SEC Stabilization Act, hold the SEC accountable for its corruption, and end the accredited investor rule that protects deal flow for the donor class.https://t.co/PT3IvByx1v via @reason — Warren Davidso...

Lasmeta partners with XWG Games, the pioneer in the Web3 gaming sector with its innovative cross-game and cross-play infrastructure. X World Games: Pioneering the Future of Web3 Gaming Leading the way in the Web3 gaming sector, X World Games is a trailblazer with a fresh perspective on cross-play infrastructure. This innovation is based on two core components: the X Swap and the X Marketplace, both enhanced by the power of AI. Introducing X Swap: A Revolutionary Platform for Decentralized Finance X Swap is a cutting-edge platform that supports decentralized finance (DeFi) and LSDfi mechanisms, including NFT staking. The platform leverages the power of AI to create a high-performance platform with unmatched offerings. X Swap’s AI-driven approach provides players and investors with creative and efficient financial solutions, enhancing their gaming and investment experiences. X Marketplace: Revolutionizing NFT Trading with AI Algorithms The X Marketplace is a dynamic NFT trading ...

Solana Co-Founder Anatoly Yakovenko said Solana could function as an Ethereum L2. Yakovenko said this would be possible once Ethereum’s danksharding was completed.  Solana has flipped Ethereum in major crypto trading metrics this year. In a recent tweet on the social media platform X (formerly Twitter), Solana Labs Co-Founder Anatoly Yakovenko said “Solana is Ethereum”, seemingly hinting at the interoperability possibilities between the two chains.  Solana is Ethereum “Solana is an Ethereum L2 through the wormhole eigenlayer,” Yakovenko tweeted. He continued by saying that Solana could function as an Ethereum Layer-2 blockchain through the Wormhole EigenLayer. Wormhole is an open-source blockchain development platform connecting the decentralized web. “Once danksharding is scaled up no one is going to stop from submitting all the Solana blocks into some data validating bridge contract on Ethereum.” Danksharding is expected to improve Ethereum...

Venture capitalist Chris Burniske says that one red-hot Ethereum (ETH) rival that has surged over 1,000% this year is primed to hit new all-time highs (ATHs). In a new thread, the co-founder of New York-based venture capitalist firm Placeholder Capital tells his 270,500 followers on the social media platform X that smart contract platform Solana (SOL) appears to be gaining ground against Ethereum (SOL/ETH). According to the crypto investor, he sees the SOL/ETH pair rising to its all-time high of 0.06 ETH worth $136. “SOL/ETH moving so fast I forgot to post about 0.04 [ETH]; now knocking on the door of 0.05 [ETH], with 0.06 [ETH] the ~ATH (thus far) to follow.” Source: Chris Burniske/X In November, Burniske predicted that the SOL/ETH pair reaching 0.21 ETH worth $477 is in the realm of possibility. At the time, he said it was too early to definitively make such a call. “0.06 [ETH] is [a] prior wick… 0.1 [ETH] to 0.2 [ETH] seems like a comfy range to watch...

A petition aiming to prevent a proposed crypto ban in the U.S. has garnered attention. The Chamber of Digital Commerce has outlined concerns regarding the Digital Asset Anti Money Laundering Act, introduced by Sen. Elizabeth Warren and endorsed by 19 U.S. senators, as first reported by Bitcoin.com.  Crypto ban petition gaining grounds  The petition entitled “Stop The Crypto Ban,” which was reportedly launched on Change.org by the Chamber of Digital Commerce on Dec. 16, has amassed nearly 10,000 signatures as of the current writing. Described as a “crypto ban,” the Chamber asserts that this act can hinder innovation, adversely affect job prospects, and undermine the growing potential of the U.S. economy in the cryptocurrency sector. The leading U.S. blockchain and digital asset trade association emphasized the importance of citizens’ involvement, urging them to sign the petition to halt the proposed cryptocurrency ban. The chamber had stated that as concerned ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto .news’ editorial. We’ve been in this bear market for a long time. It’s similar to enduring a long winter, where one must always be prepared with a hat and gloves. You find yourself wondering, “When is the sun coming out?” However, my sentiment has shifted. It is not merely the anticipation of summer or the approaching bull market. Instead, I am already wearing a T-shirt and taking off my jacket. I think there are clear signs that the bull market is already here. You might also like: Crypto in 2024: Bitcoin to hit record highs as NFTs and fan tokens exit | Opinion 2023 has been an exciting year for the industry. The combined crypto market capitalization surged nearly 93% from Jan 1, 2023’s $794 billion to $1.53 trillion as of Dec 5. As we are very close to the end of 2023, it’s time to look forward and turn our focu...