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Ethereum price eyes new all-time highs, but will $15K be the top?

ETH continues to show strength after its rally above $4,000, and bulls appear to be targeting its 2021 all-time highs under $5,000 and beyond.

Ether (ETH) is poised to break its all-time high in the coming days after rising to a new year-to-date high of $4,108 on Dec. 16.

ETH price has gained 8% over the last week. The second largest cryptocurrency by market capitalization is up 28% over the last 30 days and 82% over the last year.

Data from Cointelegraph Markets Pro and TradingView shows Ether’s price was trading at $4,000, about 18% shy of its all-time high of $4,891 set on Nov. 26, 2021.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

XRP price to $5 next? 3 charts suggest that the historic rally isn’t over

XRP price data indicates that the current correction is a buy-the-dip opportunity for whales and displays the altcoin’s potential to move higher.

XRP (XRP) price has dropped significantly over the last seven days, dipping as low as $2.16 on Dec. 5. Its price is down as much as 16% from its multi-year highs of around $2.90 to the current levels of about $2.39.

XRP/USD daily chart. Source: Cointelegraph/TradingView

Despite the pullback, there are three data points supporting XRP’s upside, including whale accumulation, increased network activity and a strong market setup.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Solana DEX volume hits record high: Is SOL price headed to $300?

Solana’s monthly DEX volume surpasses $100 billion for the first time, fueled by high network activity and the memecoin frenzy.

Solana native token SOL surged 61.5% between Nov. 5 and Nov. 22, hitting new all-time highs at $263. This rally mirrored broader altcoin gains, which rose by 58% as Bitcoin nearly reached the $100,000 milestone.

The bullish momentum is mostly attributed to President-elect Donald Trump’s win in the just concluded 2024 US Presidential election and a surge in Solana network metrics as the memecoin frenzy returns. This has resulted in multiple Solana onchain indicators reaching record highs, with the latest being the monthly decentralized exchange (DEX) volumes. 

Layer-1 blockchain Solana (SOL) has clocked record-breaking DEX volume on multiple timeframes, according to data from DefiLlama. 

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

PEPE rallies 78% to new all-time highs as memecoin market cap tops $116B

PEPE hits new highs following several major exchange listings.  

Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, is on track to continue the recovery it began on Nov. 5. PEPE has climbed approximately 230% from its Nov. 5 low of around $0.0000078, bringing its price up to an all-time high of $0.00002597 on Nov. 14. 

Data from Cointelegraph Markets Pro and TradingView shows PEPE trading at $0.00002093, up 15% over the 24 hours and 104% over the last seven days.

PEPE/USD daily chart. Source: TradingView

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Dogecoin ‘god candle’ coming? DOGE price jumps 10%

The price of DOGE staged a double-digit rally over the past week as memecoin traders took new positions, expecting more upside.

Dogecoin, the largest memecoin by market capitalization, has rallied more than 10% in the past 24 hours as memecoins have recovered across the board.

Currently trading at $0.1262, the Dogecoin (DOGE) price reached its highest value since Sept. 29, marking a 44% climb from its local low of $0.08888 on Sept. 6.

DOGE/USD daily chart. Source: TradingView

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Why are memecoins up today?

Memecoins are up today and have strongly outperformed the entire crypto market over the last month.

The recent recovery in cryptocurrency prices has seen the largest market caps memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF) record double-digit gains over the past month. 

First Neiro on Ethereum (NEIRO), a new memecoin deployed on the Ethereum network in late July, rallied the most, gaining over 3,330% over the last 30 days and 63% over the past week. It has added 13% to its value over the last 24 hours. Popcat (POPCAT) followed with a 137% monthly gain, and Mog Coin (MOG) came in third after climbing 102% in the same period.

Performance of top meme tokens by market capitalization. Source: CoinMarketCap

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

SUI charts 115% monthly gain as its ecosystem memecoins rally after USDC integration

SUI gained 115% in a month after integrating USDC into its blockchain, which resulted in a parabolic surge in user and network activity.

Sui (SUI) price continues to rally on Oct. 4, gaining 115% over the past 30 days. 

Data from Cointelegraph Markets Pro and TradingView shows SUI rose from a low of $0.742 on Sept. 2, climbing as much as 170% to a six-month high of $2, just 8.8% shy of its $2.18 all-time high reached on March 27.

SUI/USD daily chart. Source: TradingView

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Fantom price gains 70% in 30 days — What’s driving FTM?

Fantom price defies the crypto market downtrend as traders anticipate a new token launch and mainnet upgrade.

FTM, the native token of the Fantom layer-1 smart contract platform, rose 5% in seven days to $0.6850 on Oct. 2. This is part of a rebound that began on Sept. 6 and has seen the price rise more than 71% over the last 30 days.

According to data from Cointelegraph Markets Pro and TradingView Fantom (FTM) price rose from a low of $0.3574 on Sept. 6, climbing as much as 103% to a four-month high of $0.7642 on Oct. 1.

FTM/USD daily chart. Source: TradingView

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason 

Analysts believe that a new altcoin season is entering its early stages. Cointelegraph digs into the data.

Altcoins have displayed strength following Bitcoin’s recent recovery over the past month. This has lead analysts to suggest that the market might be on the brink of an altcoin season.

“The past few days have been very bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a Sept. 23 post on X. 

Popular trader 360Trader observed that TOTAL3, the total crypto market capitalization excluding BTC and ETH,  had retested the upper boundary of a falling channel. 

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Nearly every token Binance listed in 2024 is now bleeding red — Coin98

Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.

Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform. 

The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and now has a fully diluted value (FDV) of some $8 billion. FDV is a measure of market capitalization assuming a token’s entire supply is circulating at current trading prices.

Launched in January, Jupiter is a Solana-based decentralized exchange that has attracted upward of $610 million in total value locked (TVL), according to DefiLlama. Its Jan. 31 airdrop was the largest in Solana’s history, with some $700 million worth of JUP tokens distributed to around 1 million wallets.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks