Currency Forecast

On a sunny Monday, December 15, Ripple revealed it’s strutting across multiple networks-Optimism, Base, Kraken’s Ink, and Unichain-using Wormhole’s Native Token Transfers (NTT). Think of it like giving RLUSD a passport so it can travel without pretending to be a wrapped-up, fake version of itself. No more silly wrapping paper for this stablecoin-just pure, native, unadulterated RLUSD gliding around the crypto cosmos!

Bitcoin, that paragon of stability, and other cryptos have joined the downward spiral, adding to the selling pressure on XRP. A true tale of woe, isn’t it? 😢

Enter Crypto Wimar, the modern-day prophet of the blockchain. He claims the villain is Wintermute, a digital bandit who’s been dumping 40% of their stash like a kid tossing candy at a parade. “Selling pressure?” he says, “It’s more like a stampede of confused cows!” 🐄 The market maker’s still tossing millions of BTC and ETH around like confetti at a party that’s long over. 🎉

From a network perspective, Solana is the Tolstoy of blockchains-grand, unrelenting, and impossibly productive. Over the past 90 days, its throughput has consistently flirted with 1,000 transactions per second, a feat that leaves Ethereum blushing in the corner. 🏃‍♂️💨

Ali Martinez, that soothsayer of candlestick charts, points to a supertrend signal last seen before ADA’s 80% plunge in 2022. A grim omen, indeed! Yet in that bygone era, Cardano was but an infant-its research untested, its adoption a myth whispered among true believers. The ecosystem crumbled like stale bread when fear struck. Today, however, the market merely stumbles through uncertainty, as if searching for meaning in a godless void 🤔.

These are not random picks. They’re coins already trading within 5-15% of their previous highs, where momentum, structure, and liquidity align. If the broader market holds steady, these altcoins could surge higher without needing additional triggers. 🧠💥

Shall we witness the tremors of a financial earthquake, or merely the faintest ripple in the vast ocean of global liquidity? 🌊

Meanwhile, the cryptocurrency market, that fickle lover, has started the week in a sulky mood. Bitcoin and Ethereum, those stalwarts of the crypto world, have dipped nearly 1%, as if mourning the loss of their former glory. 🕊️ And Layer2 tokens? They’ve taken a tumble so steep, one might think they’ve fallen off a cliff. Celestia, for instance, is down 3%-a true tragedy, or perhaps just a bad day for a blockchain. 🚪

The Wall Street Journal, bearer of all things financial yet quirky, shared that the asset-management arm of this banking behemoth, which holds the hefty honor of managing nearly $4 trillion in assets, has now launched a tokenized money-market fund. And just for kicks, it’s built on the Ethereum blockchain, backed by a cool $100 million of JPMorgan’s own capital. They even gave it a name: MONY™️, because what else would you call a cash management vehicle infused with blockchain? Money On (a) Net Yell? 😂

We regret to confirm that the legacy Ribbon DOV vaults were exploited yesterday following a vulnerability in a smart contract update, resulting in a loss of approximately $2.7M USD.