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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Ethereum Price To Rally To 5000 USDT? New XRP Rival Minotaurus (MTAUR) To Rally 8000 More

Bitcoinist
by Bitcoinist
Last Updated: December 9, 2024 10:39 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The cryptocurrency market is heating up as Ethereum (ETH) eyes a potential rally to 5,000 USDT amid increasing bullish sentiment. Meanwhile, Minotaurus (MTAUR), a rising player in the Web3 gaming ecosystem, has gotten attention with its ongoing presale, offering significant potential upsides for buyers. Upward momentum and the growing excitement around MTAUR, could see a surge of over 8000%.

Ethereum’s Price Action Suggests a Breakout Toward 5,000 USDT

Ethereum has shown promising signs of recovery after crossing the 4,000 USDT mark for the first time in ten months. Analysts have identified minimal resistance levels above the current price, fueling optimism about its rally potential. A key resistance zone lies between 4,474 USDT and 4,598 SDT, where 668,980 ETH tokens were previously purchased by over 608,960 addresses, according to on-chain data.

A prominent crypto analyst noted that Ethereum faces “barely any barriers” to reaching its all-time high of 4,878 USDT. He further highlighted that as long as ETH holds above its strong support zone between 3,514 USDT and 3,634 USDT—where 5.1 million tokens were accumulated—the altcoin appears poised for an upward trajectory. With Ethereum breaking out of a three-year triangular pattern on its weekly chart, other analysts suggested the cryptocurrency could rally to as high as 10,000 USDT during the next bull run.

Source X

XRP Price Action: Holders Expect a New Rally Amid Whale Accumulation

XRP has gained significant attention in recent weeks after surging by over 470% to reach a high of 2.91 USDT. Following a correction, the cryptocurrency is now priced near 2.55 USDT, with analysts predicting another upward rally. The analyst noted that XRP is priced within the 0.5 to 0.618 Fibonacci retracement levels, a zone that historically precedes price breakouts. A successful breakout could push XRP to 5.26 USDT by December 11, surpassing its current all-time high of 3.40 USDT.

Source X

On-chain data from Santiment reveals substantial whale activity, with addresses holding 1 million to 10 million XRP purchasing over 120 million tokens worth 288 million USDT since December 5. This accumulation has bolstered liquidity and reduced selling pressure, creating favorable conditions for the next price surge. Market watchers are closely observing XRP’s behavior around the 2.60 USDT resistance level, as a break above it could trigger a rapid rally.

Minotaurus (MTAUR) Presale Gains Momentum with High Upsides

Minotaurus (MTAUR), a blockchain-powered Web3 gaming project, has gained attention with its innovative features and a presale that has gathered over 680,319 USDT in its second stage. The MTAUR token is priced at 0.00006403 USDT during the presale, with a projected listing price of 0.0002 USDT, representing a potential rally for early buyers.

The presale offers several benefits, including a prize pool of 100,000 USDT. Out of this, one lucky participant will win 50,000 USDT in MTAUR tokens, while 10 additional participants will share the remaining incentives. Early adopters can also enjoy referral bonuses and exclusive access to future features within the Minotaurus gaming ecosystem.

Minotaurus stands out for its engaging gameplay, allowing players to collect in-game currency, battle opponents, and unlock new features. The project is backed by a strong team, and its hybrid-casual gaming model caters to a global audience of players. Despite challenging conditions in the GameFi sector, MTAUR’s utility and growing demand position it as a promising contender in the Web3 space.

Website: http://minotaurus.io/
Announcements: https://t.me/minotaurus_official
Chat: https://t.me/minotaurus_chat
Twitter: https://twitter.com/minotaurus_io

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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