Highlights in the crypto sector include a think tank co-founder's suggestions that Bitcoin reserves cannot resolve the US debt crisis. Several argue that Bitcoin will never function as money as long as it continues to be a noisy price story. Meanwhile, PEPE, RCOF, and XRP are said to be gearing up for significant price rallies by December 2024, with potential gains exceeding 34,000%. New meme coins like Moo Deng are drawing attention with their staking rewards, and altcoins are being lauded as significant growth opportunities.
Notably, the crypto market cap, currently at an all-time high of $3.1 trillion, might soon surpass France's GDP. While the Trump administration might fuel the balloon effect to a staggering $10 trillion by 2026, SEC's Gensler maintains that Bitcoin does not classify as security. Other significant occurrences include BTFD being highlighted as the next potential meme coin to explode, and BlackRock's BUIDL representing a challenge to stablecoins.
Worth noting is the prosecution of the South Korean T Coin fraud case, which involves around 30,000 victims and four years of police and prosecution evasion. Altcoin season has not arrived as the market jumps straight to the punchline. Lastly, the US election outcome, according to experts, will not deter Bitcoin from reaching the $100K mark.
T Coin News Analytics from Sun, 24 Dec 2023 08:00:00 GMT to Thu, 21 Nov 2024 00:00:13 GMT - Rating -3 - Innovation -4 - Information 5 - Rumor 2