Web3đMonday Buzz: Bitcoin's $150K Prediction, Amazon's Crypto Push, Dogecoin's Surge & Ripple's 2024 Vision!
1ď¸âŁ Bitcoin may soar past $150K by January, says Derive!
2ď¸âŁ Amazon urged to invest 5% assets in BTC đ
3ď¸âŁ Dogecoin active addresses hit record highs, but $1 remains elusive
4ď¸âŁ Ripple's Garlinghouse sees 2024 election as a chance to educate voters
Keep reading for more insights:â¨
Welcome to Todayâs Web3 Buzz!The crypto world is buzzing with excitement, and we've got the hottest updates you canât miss! From Bitcoinâs jaw-dropping $150K prediction to Amazon shareholders pushing for a bold BTC move, the crypto space is turning heads. Dogecoinâs active addresses hit record highs, but the elusive $1 mark still teases investors. Meanwhile, Rippleâs CEO calls 2024 elections a golden opportunity to educate voters on the power of blockchain.Dive into these thrilling stories and stay ahead of the Web3 curve!
1. Bitcoin may soar past $150K by January, says Derive!
Bitcoin and Ethereum's derivatives market signals modest chances for fresh highs by January, with a 6% probability for BTC to hit $150K and 10.5% for ETH to reach $6K, according to Derive's Sean Dawson. After Bitcoinâs historic climb above $100K last week, the market has stabilized, with BTC currently hovering near $99,260. Weekend trading has reduced volatility, offering consolidation after significant price swings. Investor excitement surges as President-elect Trumpâs pro-Bitcoin policies and ETF flows from giants like BlackRock reshape the market. The crypto space enters uncharted territory, sparking fresh optimism.
Sebastian Sinclair
2. Amazon urged to invest 5% assets in BTC
A group of Amazon shareholders is urging the company to allocate **5% of its assets to Bitcoin** as a hedge against inflation. The proposal, backed by the National Center for Public Policy Research, highlights Bitcoinâs strong performance compared to traditional assets like corporate bonds. It points to successful Bitcoin investments by companies such as MicroStrategy and Tesla. The shareholders argue that adding Bitcoin to Amazon's treasury would protect long-term shareholder value and diversify assets. Amazon has not responded publicly, though it has shown interest in blockchain tech. The proposal will be reviewed ahead of Amazonâs 2025 annual meeting.
Oluwapelumi Adejumo
3. Dogecoin active addresses hit record highs, but $1 remains elusive
Dogecoinâs active addresses have surged to an all-time high of 9.52 million, reflecting growing user engagement and adoption. This increase sparked speculation that DOGE could reach $1 soon. However, a decline in trading volume, which dropped from $15 billion to $6.6 billion, suggests that the momentum may not last. On the technical front, Dogecoinâs price has dropped below the 20-period Exponential Moving Average (EMA), signaling a potential downtrend. While DOGE might still rise if it surpasses the EMA, its price could struggle to break past $0.48, and it may decline further if current trends continue.
4. Ripple's Garlinghouse sees 2024 election as a chance to educate voters
Ripple CEO Brad Garlinghouse discussed the impact of crypto-backed political action committees (PACs) in the 2024 election, calling it a "major victory" for crypto. He highlighted that 85% of candidates supported by the Fairshake PAC, a non-partisan effort, won their races. The PAC, which supported both Democrats and Republicans, helped supercharge campaigns with crucial funding. Garlinghouse emphasized the importance of educating voters on crypto, pointing out significant wins in Michigan and Arizona. He also noted former President Donald Trump's shift in stance, embracing crypto during his campaign, a key moment in the election.
Sam Reynolds
The Web3 Horizon Awaits!From Bitcoinâs ambitious climb to Dogecoinâs growing activity and Rippleâs call for voter education, the crypto space continues to evolve at lightning speed. With every development, the future of blockchain, DeFi, and digital assets grows brighterâand more unpredictable. Donât miss a beat! Stay connected, stay informed, and letâs navigate the exciting world of Web3 together.
