A Week of Action in the Crypto Market
Welcome to our exciting weekly roundup in the dynamic world of cryptocurrencies. On Monday, December 9, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we’ll analyze the prices of the top 10 cryptocurrencies on Coin Market Cap and anticipate how the market might evolve throughout the week. On Friday, December 13, at 6:00:02 PM EST (12:00:02 PM CET), we’ll compare these prices with the closing figures to uncover market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $97,163.49 | 4.37% | $101,410.37 |
| ETH | $3,677.16 | 6.64% | $3,921.27 |
| BNB | $684.49 | 5.93% | $725.08 |
| SOL | $213.29 | 4.61% | $223.12 |
| XRP | $2.13 | 13.55% | $2.42 |
| TON | $6.44 | -2.84% | $6.25 |
| DOGE | $0.40 | 1.56% | $0.40 |
| ADA | $0.99 | 11.54% | $1.10 |
| AVAX | $44.46 | 15.45% | $51.33 |
XRP Hits Historic Milestone, Eyes All-Time High
XRP closed the week at $2.60, its highest in years, marking its first higher high since January 2018. Veteran trader Peter Brandt praised XRP’s breakout above a multimonth symmetrical triangle pattern, calling its chart “the most powerful in the crypto world.” With a market structure nearing its all-time high of $3.40, XRP’s momentum and technical analysis suggest potential for further growth. This bullish trend solidifies its position as a standout in the current market landscape.
Floki Launches Zero-Fee Debit Card in Europe
Floki (FLOKI) has unveiled a zero-fee debit card for 31 European countries, with plans to expand globally. The card supports BTC, ETH, USDC, USDT, BNB, and FLOKI, usable wherever VISA or Mastercard is accepted. It charges no transaction or exchange rate fees and works across eight blockchain networks. A physical card costs $33, while a virtual option is just over $10, with a 2% top-up fee for loading funds. This move solidifies Floki’s position in bridging crypto with everyday payments.
Travala Surpasses $100M Revenue, Launches Bitcoin Reserve
Travala, a crypto-focused travel agency, announced it surpassed $100 million in annual revenue, marking a sharp increase from $59.6 million in 2023. This growth is fueled by flight and hotel bookings paid with over 100 cryptocurrencies. To celebrate, Travala is introducing a “Treasury Reserve Plan” in Bitcoin (BTC) and its native token Ava (AVA) to boost financial stability and growth. CEO Juan Otero highlighted the milestone as a testament to crypto adoption in travel services.
El Salvador and Argentina Collaborate on Digital Assets
El Salvador has signed a mutual agreement with Argentina to bolster their digital asset industries, with plans for training and collaboration. The agreement, announced on Dec. 11, involved Juan Carlos Reyes, president of El Salvador’s National Commission of Digital Assets (NCDA), and Roberto Silva, president of Argentina’s National Securities Commission (CNV). Additionally, El Salvador is in talks to establish similar agreements with over 25 other nations, reinforcing its leadership in the global adoption of digital assets.
Avalanche Raises $250M Ahead of Historic Upgrade
Avalanche secured $250 million in a private token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 major firms participating, including SkyBridge and Morgan Creek Digital. The raise comes just before the “Avalanche9000” network upgrade, touted as the blockchain’s most transformative update yet. Excitement builds as Avalanche continues to push boundaries in scalability and performance.
Sources
https://cointelegraph.com/news/travala-crypto-travel-bitcoin-ava-reserve
https://cointelegraph.com/news/el-salvador-argentina-digital-assets-collaboration
https://cointelegraph.com/news/avalanche-raises-250-million-ahead-avalanche9000-launch
