The Business And Technology Network

Bitcoin’s dominance in the crypto market appears to be nearing its peak, and investors are now focusing on promising altcoins. Among the top picks are MANTRA (OM), Sui (SUI), and Rollblock (RBLK), which are experiencing significant whale accumulation.

These tokens are garnering attention this altcoin season because of their innovative features and solid community backing — they offer lucrative investment opportunities with high-growth potential in today’s market.

MANTRA (OM) Climbs By Over 60% In 7 Days 

MANTRA has disclosed details of its 50 million OM token airdrop. Stakers/NFT holders and active ecosystem participants are eligible recipients. The token distribution will depend on users’ levels of engagement.

The announcement has fueled speculation about MANTRA’s price movements in the coming weeks. Users claiming their rewards may drive renewed interest and momentum for the token. The scale and strategy of the airdrop have sparked discussions about its potential impact on the market.

MANTRA is presently traded at $2.31. MANTRA’s price varied between $1.90 and $2.30 during the last twenty-four hours. MANTRA jumped 40% within the past 24 hours and 50% within the last month. With an all-time high of $2.72, MANTRA has room for explosive growth by 2025.

Sui (SUI) Could Hit $4 By 2025

Large assets like Sui often face challenges moving higher quickly compared to smaller assets. However, SUI’s strong performance since September shows bullish confidence in the token. Analysts expect SUI to surpass $3.54 and $4 rather than retrace to $2.5.

Sui’s architecture distinguishes it from other blockchains. Sui uses the Move programming language, originally created for the Diem project, to enhance safety and flexibility in smart contract development. This approach prevents assets on the Sui blockchain from being duplicated or erased, ensuring security and reliability.

One of Sui’s most innovative features is its parallel transaction execution. Unlike traditional blockchains which process transactions sequentially, Sui processes several transactions simultaneously. This enables it to perform 120,000 transactions a minute.

Rollblock (RBLK) Could See Over 880% Growth By Presale End

Rollblock stands out in online gambling by offering a modern approach to casino gaming. The platform uses RBLK, a token that does more than just process transactions. RBLK acts as gaming credits, grants exclusive access, and enhances users’ gaming experience.

Rollblock’s success lies in its advanced blockchain security strategy. The platform’s ecosystem is built around the RBLK token, allowing traders to win and expand their holdings. Long-term liquidity providers can earn a weekly passive income by staking RBLK, with rewards offering up to 30% annual percentage yields (APYs). These rewards come from Rollblock’s revenue-sharing system, which includes a buyback and burn mechanism to keep the token’s price deflationary. With a capped supply of 1 billion tokens, RBLK ensures long-term value.

Rollblock has reached a new all-time high of $0.035 during stage 8 of its presale. A 50% bonus offer is currently available for a limited time, attracting even more attention. Analysts predict that RBLK holders could see total gains of 880% by the end of the presale stages. By the year’s end, Rollblock is expected to become the leading DeFi altcoin.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

• Website: https://presale.rollblock.io/
• Socials: https://linktr.ee/rollblockcasino

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post As Bitcoin Dominance Peaks, These 3 Altcoins See Huge Whale Accumulation; MANTRA, SUI and RBLK appeared first on The Merkle News.

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Solana might be receiving approval from the SEC about its ETFs soon while BNB’s Open Interest is hinting at a massive influx of capital.

Meanwhile, analysts are keeping an eye on Lunex Network’s low-cap DeFi exchange that is poised for 1800% gains by the end of its presale.

Solana (SOL) Might be Heading into ETFs Territory Soon

Solana’s price has rallied by a massive 39.48% over the last 30 days which is making investors optimistic about the token’s potential to reach a new all-time high price of $600. Market experts are already expecting Solana to surpass both Bitcoin and Ethereum during Q4’s bull cycle. This positive sentiment is also making investors eager about upcoming Solana ETFs that were proposed by Cboe back in July.

Solana is currently trading for $215.90 after a minor intraday increase of 0.53%. Solana’s volume has also jumped by 22.02% over the last 24 hours which reflects the high network activity. Since Solana is trading above all of its Simple Moving Averages on the SOL/USDT daily chart, analysts are positive about Solana’s price reaching the critical $262.01 resistance soon.

Binance Coin Breakout from a Bullish Pattern Triggers Huge Increase in Open Interest

BNB was down in the crypto dumps for several months until Trump’s victory pushed the token into bullish territory. Earlier this week, BNB broke out of an ascending channel pattern with a target of $825. Since BNB’s Open Interest has also reached a peak at $797.46 million, analysts believe Binance Coin is ready to record a new all-time high price before the end of Q4’s bull run.

Binance Coin is currently trading for $633.53 after an intraday increase of 1.69%. BNB’s volume has also jumped by 29.46% over the last 24 hours which indicates high buying activity. Since the BNB/USDT daily chart is flashing strong buy signals, analysts expect the BNB price to test the nearest resistance level at $652.2 within the next few days.

Lunex Network (LNEX) to Overthrow DeFi Sector with Multi-Chain Trading Features

Lunex Network’s new noncustodial exchange is creating significant buzz in the market. Instead of charging tremendous amounts of gas fees or restricting traders to a few blockchains, Lunex Network is marking a new era of crypto trading with its multi chain trading platform.

Given Lunex Network’s cross chain interoperability, Ethereum-backed security and attractive staking rewards, it is no surprise that the platform has already raised $2.21 million during its presale stages. If this upward momentum continues until the end of Q4, analysts are tipping at approximately 1800% gains for LNEX holders ahead of the token’s official launch on DEXs.

Since Lunex Network investors receive their LNEX presale tokens right away, traders are getting a limited time opportunity to start earning a consistent passive income within the next 30 days. With Lunex Network’s revenue-sharing model, the platform reinvests a significant portion of its weekly revenue into open market buybacks of the platform’s native LNEX token. Half of the repurchased tokens are distributed to current holders as staking rewards with up to 18% APYs while the remaining half are burned forever to keep LNEX’s circulating supply below the hard cap of 8 billion tokens.

With these deflationary tokenomics, Lunex Network’s price is only expected to rise over time. For now, Lunex Network is only selling LNEX tokens on its official website for a low price of $0.0026 each.

You can find more information about Lunex (LNEX) Network here:

• Website: https://lunexnetwork.com
• Socials: https://linktr.ee/lunexnetwork

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post 3 Cryptos Primed for All-Time Highs Before 2025: Solana, Lunex Network and Binance Coin appeared first on The Merkle News.

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Venture capitalist Chris Burniske thinks meme tokens have a purpose that will ultimately lead to the development of fundamentally sound crypto projects.

Burniske tells his 303,400 followers on the social media platform X that he believes the dominance of memecoins in this market cycle is forcing the hand of other crypto projects to innovate and stand out.

According to the crypto veteran, the “forcing function” of memecoins is ultimately a big positive for the digital asset industry.

“Meanwhile, to those worried about ‘infrastructure-and-appcoins,’ everything is a pendulum… 

Memecoins will force ‘infrastructure-and-appcoins’ to show holders and stakers the revenue, aided by a more favorable regulatory environment. Governance tokens will convert into cash flow tokens.”

Burniske predicts that infrastructure and appcoins will be valued based on their earnings and other financial metrics, similar to how traditional finance (TradFi) investors value stocks.

“‘Infrastructure-and-appcoins’ that show a floor in the next bear due to fundamentals, will start to compound value over cycles, aided by TradFi which is starting to ‘get it,’ and will work to value crypto assets based on traditional approaches.

‘Infrastructure-and-appcoins,’ alongside BTC, will be less glorious than sugar high memecoin gains, but compounding is a hell of a drug for the financially patient.“

As for memecoins, Burniske warns that a day of reckoning will come for the highly popular crypto sector.

“Just as memecoins have no ceiling due to no fundamentals, they will also have no floor – this lesson will be painfully learned in the next bear.

Though, a select few like DOGE, will become household names.”

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The post Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects appeared first on The Daily Hodl.

Stellar (XLM) has experienced a significant surge in volume, reaching its highest levels since May 2021. This uptick coincides with Ripple’s (XRP) unexpected rally to $1 on Saturday, November 16.

XLM’s price also has risen by 30% in the last 24 hours, imitating XRP’s impressive performance. But why is this so? This analysis reveals everything that has to do with this closely-tied movement.

Stellar History with Ripple Remains in Effect

According to data from Santiment, XLM’s trading volume has surged to $2.96 billion as of this writing. This rise in volume clearly indicates growing buying pressure on the altcoin and a noticeable increase in market interest. 

The last time XLM experienced such high volume levels was during the 2021 bull market, a period when cryptocurrency assets saw market-wide rallies.

This spike in volume suggests that investors are becoming more confident in XLM’s potential, especially given XRP’s recent surge. Historically, both altcoins have shared a strong correlation, majorly due to two reasons.

Stellar Volume. Source: Santiment

Firstly, Jed McCaleb, the former co-founder of Ripple, went on to co-found Stellar. The two projects share a strong connection, particularly in their focus on blockchain-based cross-border payments, making Stellar’s fundamentals closely aligned with Ripple’s.

As a result, XRP and XLM prices often move in together. Macroaxis data supports this, showing a 90-day correlation coefficient of 0.96. To put this into perspective, the coefficient ranges from -1 to +1. Values closer to -1 suggest a weak correlation, while those nearing +1 indicate a strong link between the assets.

Stellar and Ripple Price Correlation. Source: Macroaxis

Besides the XLM volume, the altcoin’s Open Interest (OI) is also another metric that experiences a notable hike. High OI indicates that capital is flowing into the market, with new positions being established, reflecting a strong bullish sentiment.

On the other hand, a low OI suggests otherwise. According to Santiment, XLM’s OI has risen to $75.05 million — the highest level since Ripple’s partial win over the US in July 2023. Should the value continue to increase, then XLM’s price might also rise above $0.20.

Stellar Open Interest. Source: Santiment

XLM Price Prediction: Possible Move to $0.24

On the daily chart, XLM’s price initially rallied to $0.22, but it faced rejection at that point. Despite the slight retracement, the altcoin’s value remains above the Ichimoku Cloud. The Ichimoku Cloud is a technical indicator that measures support and resistance and identifies trend direction.

When the cloud is above the price, the trend is downward, indicating a high level of resistance. But in XLM’s case, the cloud is below the value, suggesting strong support that could push the price higher. 

Stellar Daily Analysis. Source: TradingView

If this remains the case and XLM’s volume continues to rise, then the altcoin could hit $0.24. However, if holders decide to book profits, this might not happen. Instead, XLM’s price could drop to $0.16.

The post Stellar (XLM) Price Climbs 30%, Driven By XRP Close Ties appeared first on BeInCrypto.