Originally published on: December 06, 2024
As Bitcoin soared past $100,000 for the first time in history and analysts project a potential local top of $110,000 before the end of January, a bullish signal emerges in the altcoin market. Tron (TRX) recently reached a record $20 billion market capitalization, hinting at a potential altcoin season on the horizon.
With Bitcoin entering a parabolic phase and expectations of a surge above $110,000 based on the Global Macro Investor’s Total Liquidity Index, investors are eyeing a shift towards alternative cryptocurrencies.
TRX’s impressive performance has caught the attention of traders, with the token hitting an all-time high of $0.23 and showing significant gains on both monthly and year-to-date charts.
In other DeFi news, Curve Finance reported a substantial increase in annualized revenues, further fueling market optimism post the recent US elections.
Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the importance of enhancing privacy and security features in Web3 wallets. He also proposed solutions to streamline transfers among Ethereum’s layer-2 scaling networks.
Looking ahead, the uranium trade industry is set to integrate blockchain technology through Uranium.io, a platform built on the Tezos blockchain. The collaboration aims to democratize uranium trading and improve transparency for investors.
In a week where most of the top 100 cryptocurrencies showed positive momentum, with CRV and HBAR leading the pack, the DeFi landscape continues to evolve rapidly. Stay tuned for more insights and updates in the ever-changing world of decentralized finance. Join our Finance Redefined newsletter for a weekly roundup of the latest DeFi developments and opportunities to expand your financial knowledge with confidence.
