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Crypto Stocking Stuffers: The Best 3 Coins Under $1 to Add to Your Portfolio this Holiday Season

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As the year comes to an end, the cryptocurrency market typically sees a notable uptick in activity, presenting chances for investors to capitalize on the holiday season. While Bitcoin has impressively surged to $43,148.35, it might be beyond the financial reach for some. Nonetheless, there are still favorable cryptocurrencies trading under the $1 threshold that present excellent investment opportunities for the Christmas season. Below are the top three crypto tokens priced under $1 that have the potential to bring festive joy to your investment portfolio this Christmas.

Affordable Crypto Cheer

Cardano (ADA):

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Crypto Stocking Stuffers: The Best 3 Coins Under $1 to Add to Your Portfolio this Holiday Season 4

Experiencing a surge in interest from institutional investors and a significant rise in transactions surpassing $100,000, Cardano (ADA) seems well-positioned for a positive trend, presenting an appealing choice for holiday season investments. The current trading price for the cryptocurrency stands at $0.494075, indicating a 13% increase in the past 24 hours. Furthermore, ADA has demonstrated resilience with a notable 29% gain over the last seven days and an impressive 39% advancement on its monthly chart.

Dogecoin (DOGE):

Overcoming a notable hurdle at $0.087, Dogecoin (DOGE) has surged forward with expectations to reach $0.14, especially following the approval granted to its DOGE-1 Satellite by the National Telecommunications and Information Administration (NTIA) for its upcoming launch. Presently valued at $0.096990, Dogecoin has seen a 2.4% increase in the day, contributing to a 15.09% gain on its weekly chart and an impressive 24.54% advance in the last month, based on the latest available information.

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Crypto Stocking Stuffers: The Best 3 Coins Under $1 to Add to Your Portfolio this Holiday Season 5

While Bitcoin may be financially out of reach for some, the top three cryptocurrencies under $1—Cardano (ADA), Polygon (MATIC), and Dogecoin (DOGE)—provide affordable alternatives for Christmas investments. As the year wraps up, these tokens offer promising opportunities for potential gains, allowing investors to welcome the new year with a crypto-filled celebration. As is the case with any investment, it is crucial to conduct thorough research and consider your risk tolerance before entering the market.

Polygon (MATIC):

Investor interest in Polygon (MATIC) has heightened as large investors embarked on a buying spree, obtaining 120 million MATIC in the final week of November, amounting to $90 million. The recent inclusion of Polygon’s perpetual future contracts on Coinbase International Exchange and Coinbase Advanced adds to its attractiveness. As of now, MATIC is priced at $0.861747, reflecting a daily surge of 4.9%. Additionally, the cryptocurrency has demonstrated resilience, registering a 10% increase over the past week and a noteworthy 12.7% growth over the month.

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Crypto Stocking Stuffers: The Best 3 Coins Under $1 to Add to Your Portfolio this Holiday Season 6

Crypto Inflows Surge: Mixed Sentiments Amid 11th Consecutive Week

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In the fast-paced realm of crypto investment, the last week has marked the 11th consecutive week of inflows, albeit with a notable twist in investor sentiments. According to the latest Digital Asset Fund Flows Weekly Report, a total of $43 million was poured into various digital asset investment products. However, this figure reflects a marked decline compared to the robust inflows witnessed in the preceding weeks.

One of the intriguing facets of this week’s report is the surge in short position inflows, coinciding with the recent price appreciation in the digital asset market. As some investors anticipate potential downside risks, significant inflows into short positions have been observed, contributing to the dynamic nature of the market.

Regionally, Europe continues to dominate the inflows, attracting a substantial $43 million. In contrast, the United States witnessed a comparatively modest $14 million in inflows, with half of that amount directed toward short positions. Hong Kong experienced its second consecutive week of outflows, totaling $8 million, while Brazil reported minor outflows amounting to $4.6 million.

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Bitcoin Holds Ground As Investors Express Crypto Skepticism

Maintaining its status as the leading cryptocurrency, Bitcoin drew $20 million in inflows. This brings the year-to-date inflows for Bitcoin to an impressive $1.7 billion. Interestingly, short positions on Bitcoin also saw increased interest, with $8.6 million in inflows, indicating a segment of investors expressing skepticism about the sustainability of current price levels.

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Meanwhile, Ethereum, the second-largest cryptocurrency by market capitalization, report highlights its sixth consecutive week of inflows totaling $10 million. It marks a stark contrast from just seven weeks ago when Ethereum experienced year-to-date outflows of $125 million. The recent positive trend has helped Ethereum recover, boasting overall inflows of $19 million yearly.

Altcoins Solana and Avalanche maintained their appeal in the market, attracting inflows of $3 million and $2 million, respectively, reaffirming their status as favorites in the diverse landscape of alternative cryptocurrencies.

Beyond cryptocurrencies, blockchain equities saw a significant milestone, with their largest weekly inflows on record at an impressive $126 million. This underscores the growing interest and confidence in blockchain-related investments, even amidst the broader market’s uncertain momentum.

Related Reading | Solana’s BONK Taipei Debut: Claims 3rd Memecoin Spot

Chainlink Price Forecast: 9.27% Surge To $17.56 By Dec 12, 2023

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Chainlink (LINK) is currently trading at $14.9, with recent forecasts predicting a significant uptrend. Analysts anticipate a 9.27% surge in the value of the digital asset, projecting it to reach $17.56 by December 12, 2023.

LINK 7D graph coinmarketcap 11
CoinMarketcap

Technical indicators are painting a promising picture for LINK, with a bullish 79% market sentiment. Investors clearly prefer a positive market trajectory, as indicated by the Fear & Greed Index, which currently stands at 74 (Greed). This score suggests that the market sentiment is leaning towards optimism, further reinforcing the likelihood of a bullish trend for LINK.

Over the last 30 days, LINK has witnessed 16 out of 30 (53%) green days, underscoring the prevailing positive sentiment among traders. The price volatility during this period has been recorded at 5.15%, indicating a relatively stable market condition with intermittent fluctuations.

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Chainlink’s performance for the year-to-date period has been impressive, experiencing a remarkable surge of 195%. This exceptional growth trajectory positions Chainlink as a potential frontrunner in the cryptocurrency market, with indications pointing toward a continuation of this upward trend.

LINK 1Y graph coinmarketcap
CoinMarketcap

Chainlink: Catalysts For Bullish Sentiment

One of the key catalysts contributing to Chainlink’s bullish sentiment is the oversubscription of the Staking v0.2 upgrade, marking a bullish milestone for the protocol. The community witnessed a rapid shift from the old version to the new, with 19 million tokens staked within 24 hours of the early access registration opening. The upgraded reward and claim mechanism is expected to drive increased demand for LINK, potentially exerting upward pressure on its price.

Data from Santiment has also added to the positive outlook for Chainlink, highlighting a favorable shift in the Binance funding ratio towards long positions for the first time in four weeks. As more investors bet on the future of LINK, the analytics platform projects minimal resistance as the cryptocurrency aims for the $20 mark.

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In a tweet, Santiment commented on the noteworthy development: 

Chainlink’s #Binance funding rate ratio has skewed toward mainly longs, the highest level in 4 weeks. As $LINK has regained the $16 threshold, watch if a bit of #FOMO forms a local top or if prices continue surging toward $20 with little resistance.

However, the cryptocurrency appears poised for further gains as Chainlink continues progressing in its ecosystem and with favorable market conditions. 

Related Reading | Crypto Market Volatility: Bitcoin & ETH Declines While Altcoins Shine 

Dogecoin (DOGE) Skyrockets To New 2023 High, Surpassing $0.10 With 20% Weekly Gain

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Dogecoin (DOGE) has surged to a new high in 2023, surpassing the significant $0.10 threshold on Sunday, December 10. This marks a weekly gain of 20%, and indications from on-chain trading metrics suggest that the momentum is poised for further acceleration.

Analysis of the Aggregate Exchange Order Books by IntoTheBlock reveals a bullish outlook for Dogecoin’s price. Data extracted from the trading logs of major crypto exchanges, including Binance, Kraken, and Coinbase, underscores the heightened demand from retail DOGE traders in the spot markets. 

Currently, buy-orders for 745 million DOGE are active at an average price of $0.102, surpassing the 684 million DOGE offered for sale at current prices. This creates an excess demand of 61 million DOGE across prominent crypto exchanges and spot trading platforms.

Dogecoin Dominates Exchange Order Books With Excess Demand Of Nearly 61 Million DOGE

The Exchange Order Books chart, illustrating the distribution of buy/sell orders for a specific cryptocurrency across exchanges, emphasizes that Dogecoin’s market demand significantly outweighs its supply by almost 61 million DOGE. 

This signals a continued attraction of demand despite achieving a new yearly peak, with fewer holders showing interest in selling. The surplus demand implies upward pressure on prices, potentially driving Dogecoin towards the $0.15 mark in the upcoming week.

From an on-chain perspective, the increasing volume of buy orders suggests a potential upward movement for Dogecoin’s price to reach $0.15. However, the bulls need to overcome the initial resistance at approximately $0.11 to validate this prediction. 

The daily time frame, as indicated by the Bollinger Band technical indicator, further supports this bullish outlook. Currently, DOGE faces a challenge at the Upper Bollinger Band of $0.105, and a decisive breakout above this range could propel Dogecoin’s price to a new 2023 peak above $0.15, a level not seen since November 2022.

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Dogecoin (DOGE) Skyrockets To New 2023 High, Surpassing $0.10 With 20% Weekly Gain 14

On the downside, the bears could disrupt this positive price prediction if they manage to initiate a downswing below $0.06. Nevertheless, the support buy-wall around the lower Bollinger band at the $0.07 area is anticipated to present strong resistance in the short term.

Shiba Inu Price Watch: Predictions for $0.00010, $0.00022, and $0.00032

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A well-known cryptocurrency trading platform has presented its analysis of the timeline for Shiba Inu to achieve ambitious targets, including $0.00010, $0.00022, and $0.00032. In the past week, SHIB successfully eliminated one of its leading zeros, reaching a trading price exceeding $0.000010 for the first time in over a hundred days. According to CoinMarketCap data, SHIB experienced a growth of more than 22%, rising from approximately $0.0000086 to over $0.00001031 within the span of one week. To provide context, the last time SHIB achieved a comparable milestone was in August. This remarkable surge occurred within a week marked by a broader market rally fueled by Bitcoin.

Capitalizing on Shiba Inu’s newfound positive momentum, the prominent cryptocurrency exchange Changelly has published a comprehensive report addressing SHIB’s price outlook. The report, which extends its predictions up to 2032, begins by emphasizing the prevailing optimistic sentiment among participants in the crypto market regarding SHIB.

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Shiba Inu Price Watch: Predictions for $0.00010, $0.00022, and $0.00032 17

Changelly anticipates a short-term increase of 7.98%, projecting SHIB to reach a peak of $0.00001082 within the next three days. However, the report posits that this value represents the highest point for Shiba Inu in the year 2023. Contrarily, Changelly suggests that SHIB will relinquish the recently discarded decimal places and retreat to around $0.000009 in the initial week of January 2024. Despite this anticipated dip, the exchange forecasts an average price for Shiba Inu in 2024 at $0.0000149985.

Shiba Inu’s Journey to $0.00010, $0.00022, and $0.00032

Moreover, the prognostication report emphasized a sustained period of retaining the existing four leading zeros for Shiba Inu, spanning six years before any attempt to reduce a decimal place. Specifically, Changelly indicated the possibility of SHIB reaching a peak trading price of $0.0001079892 in 2029. However, the forecast for the average price throughout the year was set at $0.0000889911.

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Shiba Inu Price Watch: Predictions for $0.00010, $0.00022, and $0.00032 18

Additionally, the exchange predicted Shiba Inu’s entry into the $0.00022 range for the first time by 2031. In conclusion, the report underscored the potential for SHIB to achieve a maximum value of $0.0003259674 by 2032. This ambitious price projection implies a remarkable growth of over 3,072% from Shiba Inu’s current price.

Crypto Markets Witness Fastest Drop in 4 Months; Bitcoin Falls Below $41k

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Earlier today, the cryptocurrency market experienced its swiftest drop in four months, causing mild concerns among traders. Santiment, a leading crypto analytics platform, took to X platform to report the rapid correction in the markets, triggering a wave of #buythedip calls. The hashtag is often associated with overeagerness and Fear of Missing Out (FOMO) sentiments among investors eyeing the opportunity to purchase cryptocurrencies at lower prices.

The primary casualty of this market correction was Bitcoin, the flagship cryptocurrency, which briefly plunged below the $41,000 mark on December 11. The abrupt decline saw Bitcoin’s value drop by 6.5%, slipping from $43,357 to as low as $40,659 within a mere 20-minute timeframe. Ethereum, the second-largest cryptocurrency by market capitalization, also faced a sudden downturn, witnessing an 8.9% drop in the same period. Other major crypto assets, including BNB, XRP, and Solana, followed suit, posting losses amid the market turbulence.

According to data from CoinGlass, the rapid descent led to the liquidation of over $270 million worth of long positions. Additionally, the sharp correction wiped out approximately $1.2 billion in open interest on Bitcoin, which currently hovers around $17.9 billion.

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Expert Insights on Crypto Market Correction

Market experts chimed in on the situation, with Michaël van de Poppe providing perspective. Van de Poppe reassured investors, stating that market corrections are inevitable, especially with Altcoins, as these markets tend to be illiquid. He advised against stressing out and urged a calm approach to the current market fluctuations. Furthermore, he predicted that Bitcoin’s momentum might be slowing down, making way for Ethereum to take the lead in the next quarter.

Another prominent trader, known as Mags, offered insights into Bitcoin’s recent performance. Mags pointed out that Bitcoin faced rejection from the Mid-Range after the $15,500 bottom. Drawing from historical patterns, Mags highlighted a recurring trend: Bitcoin tends to range for a few weeks after each major upside move, followed by a 20-22% correction before the next significant upward movement. If this pattern holds true, Mags suggested that while Bitcoin remains in a sideways trend, there could be a substantial rally in altcoins.

https://twitter.com/thescalpingpro/status/1734115037030289618

Mags also outlined a scenario where a -21 % pullback from the mid-range could bring Bitcoin’s price to $35,000, aligning with a monthly support level. Regardless of potential pullbacks, the trader emphasized that the higher timeframe trend remains bullish, reinforcing that market dips during a bull market are opportunities for strategic buying.

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Related Reading | Crypto AML Rules Scrapped From US Defense Bill

Shiba Inu Price Forecasts Unveiled by Google Bard in the Wake of Bitcoin’s Halving

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Google Bard, an artificial intelligence project created by Google, has provided insights into the anticipated price movements of Shiba Inu (SHIB) in the aftermath of the forthcoming Bitcoin (BTC) halving scheduled for April of the following year. The AI chatbot’s prognostications are rooted in the historical patterns associated with the correlation between altcoins and Bitcoin.

Significantly, Bitcoin’s predominant influence on the overall market trajectory continues, given its status as the foremost cryptocurrency. Google Bard’s projections for Shiba Inu take into account various factors, some specific to the dog-themed project and others linked to the broader market conditions. The chatbot has factored in numerous post-halving Bitcoin price forecasts, particularly focusing on optimistic predictions ranging from $100,000 to $250,000.

Shiba Inu on the Rise

Shiba Inu
Shiba Inu Price Forecasts Unveiled by Google Bard in the Wake of Bitcoin's Halving 22

The AI proposes that in the event Bitcoin attains a value of $100,000, SHIB stands to experience a substantial uptick in its worth. It outlines multiple scenarios outlining potential trajectories for the asset’s price. Currently trading at $0.00001043, Google Bard suggests that if Bitcoin reaches $100,000, Shiba Inu could escalate to $0.00003185, marking a 205% surge from its current valuation. A second scenario, according to the AI chatbot, envisions an even more considerable increase in Shiba Inu’s price. Bard speculates that SHIB might reach $0.00004256, translating to an impressive 309.84% surge.

In a more bullish outlook, the AI highlights a dramatic increase in SHIB’s price corresponding to every 100% rise in Bitcoin’s value. In this optimistic scenario, Shiba Inu could potentially achieve a price of $0.00005564, reflecting a remarkable 433.29% increase. Some industry observers contend that Bitcoin could reach $250,000 post the 2024 halving. Google Bard asserts that Shiba Inu’s price prospects become even more elevated if this prediction materializes.

A less optimistic scenario suggests that, in the event Bitcoin hits $250,000, SHIB could attain $0.00007963, marking a substantial 664.66% increase from its current price. However, a balanced perspective suggests Shiba Inu might reach a new all-time high of $0.00010640, signifying an impressive 920.19% increase.

The most optimistic scenario presented by Google Bard anticipates a significant surge in Shiba Inu’s value for every 100% increase in Bitcoin’s value. In this scenario, the AI posits that SHIB could potentially surge to $0.00013856, reflecting an extraordinary 1,233% increase from its current price.

Google Bard points to historical patterns in meme coins as a source of encouragement for potential market enthusiasm surrounding SHIB. The AI draws comparisons with previous successes, such as Dogecoin, to lay the groundwork for a positive outlook. Shiba Inu has consistently generated increased attention in recent periods. Additionally, Bard anticipates that Shibarium, the layer-2 solution for the Shiba Inu ecosystem, will enhance SHIB’s scalability and transaction efficiency.

This technological advancement could attract new users and investors to the SHIB ecosystem. Finally, the AI chatbot emphasizes the ongoing burn campaign, which has bolstered the reduction of Shiba Inu tokens, potentially enhancing the value of remaining SHIB tokens by decreasing the overall token circulation.

Solana Faces Correction After Surge Towards $80; Analysts Divided On Short-Term Outlook

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Solana (SOL) recently surged towards the $80 mark, marking a remarkable 70% increase in the 30 days leading up to December 8. However, the bears swiftly made their presence felt, initiating a correction with SOL currently trading above $65, with potential support at this level.

SOL 1M graph coinmarketcap 1
Source: CoinMarketcap

The bullish momentum had propelled SOL above the critical $65 resistance, finding support around the $69.50 mark, reflecting a positive trend in the 100 simple moving average. Despite the recent correction, analysts are optimistic about the bulls’ resilience, suggesting that the $65 support level might remain active.

The recent surge in Solana’s price follows a stunning 400% increase earlier in the year, with SOL languishing around $20 for most of 2022. However, in a surprising turn of events, the crypto market pumped SOL above $30 on October 24, setting the stage for a series of impressive rallies. The momentum slowed briefly around $65 on November 16 but rose again in December, pushing SOL above $70.

SOL 1Y graph coinmarketcap
Source: CoinMarketcap

The landscape for Solana dramatically shifted on December 1 when Brian Armstrong, CEO of Coinbase, unveiled plans to integrate the Solana network, generating renewed interest in the ecosystem. Notably, this news sparked a surge in Bonk (BONK), a Solana SPL meme token listed on major exchanges like Bybit, KuCoin, and Solana’s decentralized exchange, Orca, gaining an impressive 236% between December 1 and December 8.

Solana Price Prediction

Analysts remain divided on the short-term outlook for SOL, with some anticipating a further correction if the price drops below the $55.00 support. On the flip side, a contingent of experts remains bullish, predicting that SOL could reach $100 by the end of the year.

Looking ahead, short-term price predictions from Changelly for SOL indicate a potential 0.41% decrease, with experts anticipating a dip by December 12, 2023. Technical indicators showcase an 87% bullish market sentiment for Solana, while the Fear & Greed Index registers a score of 74, indicating greed prevailing in the market.

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Solana Faces Correction After Surge Towards $80; Analysts Divided On Short-Term Outlook 26

For the end of December 2023, crypto experts expect the average SOL rate to hover around $74.39. The minimum and maximum price projections stand at $67.52 and $81.25, respectively, offering a potential return on investment (ROI) of 13.6%. 

Related Reading | Binance Faces Legal Hurdles: Analysts Weigh In On BNB’s Future 

C1 Fund Targets Bargains In Australian Crypto Market, Offers Up to 80% Discounts

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The C1 Fund, a substantial $760 million pool of capital, aims to find affordable­ opportunities in Australia’s crypto market. It focuses on firms previously valued above $300 million. Backed by e­x-Coinbase legal expe­rts and financiers, the fund is looking to acquire se­condary shares from current shareholde­rs. They’re proposing discounts betwe­en 50% and 80%.

According to a pitch deck from The Australian Financial Review, C1 Fund believes that the digital assets market is undervalued due to the current market conditions, such as hyperinflation and rising interest rates. The fund aims to write cheques between $US20 million and $US50 million for each deal, focusing on crypto companies at the Series C stage or later.

The cryptocurrency sector has seen a resurgence of interest in recent months, with bitcoin surging above $US40,000 for the first time in two years and other cryptocurrencies following suit. However, some crypto companies have struggled to maintain their valuations in the private market, creating opportunities for bargain hunters like C1 Fund.

C1 Fund’s Bold Moves In Crypto Investments

One of the companies that C1 Fund has approached is Animoca Brands, a Hong Kong-based blockchain gaming company that was delisted from the ASX in 2020 for swapping stock for crypto tokens.

Since then, Animoca has grown into a $7.8 billion private company, with backing from Sydney-based Koda Capital and KTM Ventures. The company’s shares were sold at around $4.50 in its last capital raise, but C1 Fund has offered to buy them at around $1.12, a 75% discount.

Another target is Chainalysis, a US-based company that provides blockchain analysis and investigation services for businesses and law enforcement agencies. Chainalysis was valued at $US8.4 billion in 2022, but C1 Fund has claimed that $30 million of secondary preferred shares are available at $US15 a share, a 63% discount.

However, not all crypto companies will sell their shares at such low prices. Immutable, a Sydney-based crypto gaming developer that has raised almost $400 million in venture capital, has said that C1 Fund has not contacted it or its investors to buy secondary shares.

Immutable was valued at $US2.5 billion in its last Series C round, and its last secondary sale involved US-based venture firm PrinceVille buying shares at the same valuation.

Related Reading | MicroStrategy’s Bitcoin Surge Defies Traditional Markets: Report

Ethereum Hit Hard: $335M Liquidated In 12-Hour

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In the past 24 hours, Ethereum, the leading altcoin, experienced a 5% decline amid a broader cryptocurrency market downturn that resulted in a massive liquidation exceeding $340 million. Bitcoin spearheaded this liquidation wave, suffering a substantial $94 million loss, closely followed by Ethereum, which saw a long-term sell-off totaling $80 million. Coinglass data revealed that within the last 12 hours, liquidations exceeded $335 million, with $300 million emanating from the liquidation of long positions.

Several other altcoins, including CRO from crypto.com, Tezos [XTZ], and Toncoin [TON], recorded declines surpassing 10% in the hourly index. The upcoming events of the US Consumer Price Index [CPI] release and the Federal Reserve’s interest rate decision this week are expected to contribute to sustained market volatility. While Bitcoin’s fluctuations are causing widespread repercussions, Ethereum faces additional challenges.

ETH is confronting potential sell pressure after surpassing the $2,300 mark, warns a crypto analyst. Notably, whales have been actively capitalizing on profits, raising concerns about triggering substantial sell pressure on the second-largest cryptocurrency globally.

Ethereum Volatility To Continue

Despite maintaining a unique market position driven by an extensive developer community, widespread adoption, and a pivotal role in decentralized finance [DeFi] and various blockchain applications, Ethereum’s earlier bullish momentum is now overshadowed by the looming influence of selling pressure from significant holders.

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Ethereum Hit Hard: $335M Liquidated In 12-Hour 28

Prominent crypto analysts such as Ali predicted that in a bearish scenario, the largest altcoin might retest the $1,555 support level, and sustained selling pressure could drive its value as low as $1,460 within the next two months. Still, overall market sentiment remains cautiously optimistic, given Ethereum’s impressive year-to-date price increase of 96.5%.

While that is happening, Tim Beiko, Ethereum’s lead developer, provided insights into upcoming developments for the network in a recently concluded community meeting. As reported by TronWeekly, Beiko highlighted the anticipated Dencun hard fork of the Goerli testnet, revealing plans for execution in January 2024, contingent on the smooth progression of preparations. Most teams involved are reportedly ready for the testnet fork trial, with plans to conduct a Goerli shadow network fork in the ensuing weeks.