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Due to its poor performance, I have removed SHIBA from my strategy and replaced it with SUI.

$SHIB $SUI $DOGE $WIF $BONK

Crypto Snapshot: Latest News and Trends  

By SYGNAL

📈 Market News:  

• Bitcoin ($BTC) surged past the $100,000 mark earlier this month, marking a historic milestone. However, it has since retreated to $93,350, reflecting a 4% decline for December 2024. (CNBC)
• Ethereum ($ETH) witnessed a 43% price increase over the year 2024, adding $118 billion to its market cap, now valued at $418 billion. (Forbes)
• SUI ($SUI) and Dogecoin ($DOGE) were the top-performing altcoins of 2024, with SUI gaining 509% and Dogecoin climbing 333%, the latter reaching its highest levels since the pandemic. (Forbes)
• Since the U.S. Election Day on November 5, 2024, the global crypto market value has surged by over $1 trillion, hitting a new high of $3.6 trillion. (Forbes)

📜 Regulatory News:  

• Montenegro has approved the extradition of Terraform Labs' founder Do Kwon to the U.S. The move underscores increasing scrutiny on stablecoins and regulatory accountability. (Barron's)

🌐 Adoption and Usage:

• Following their approval in January 2024, Bitcoin ETFs have been instrumental in driving institutional adoption, with BlackRock's iShares Bitcoin Trust now managing $60 billion in assets. (Forbes)

💸 Money Flow:  

• Over the course of 2024, the crypto market saw a dramatic increase in capital, attributed to the launch of Bitcoin ETFs and heightened institutional interest. The market's aggregate value rose significantly, culminating in a historic high of $3.6 trillion in December. (Forbes)

🗣️ Crypto Influencers:  

• Mike Alfred forecasted a major Bitcoin ($BTC) price movement in the coming weeks, pointing to the largest-ever Bitcoin options expiry and market makers' exposure as key factors. (Forbes)   

🌟 Other Highlights:  

• Over 2024, altcoins like Stellar ($XLM), Toncoin ($TON), and the Hedera Network token ($HBAR) outperformed Bitcoin, with gains of 233%, 155%, and 248%, respectively. (Forbes)
• Dogecoin ($DOGE) saw a remarkable resurgence in 2024, climbing 333% and reaching its highest value since the pandemic. (Forbes)

SUI Surges to All-Time High: $5 Within Reach? 

$SUI meteoric rise continues, breaking its all-time high of $4.5 and holding steady above the $4 mark. The integration of Phantom Wallet into its ecosystem has expanded liquidity and boosted SUI’s position in DeFi. Analysts highlight that SUI’s RSI at 38 signals room for further growth, with a Fibonacci target of $5 on the horizon. Despite broader market volatility, SUI has decoupled from Bitcoin, showing its strength as an independent asset. With growing adoption and a bullish market sentiment, SUI is carving its path as a Layer-1 leader. Traders should watch for sustained support above $4, as a breakout could lead to a significant rally.

SUI’s Breakout Rally: Is $4.58 the Next Stop?

$SUI has shattered its all-time high, surging past the $4 mark with a 15% price increase in just 24 hours! Currently trading at $4.21, SUI is showing robust bullish momentum, driven by positive moving average crossovers and rising trend strength. Its TVL has reached an impressive $2.915 billion, solidifying its position as a top-performing Layer 1 project. Analysts are eyeing the 1.618 Fibonacci level at $4.58 as the next major target, marking another potential all-time high. With discussions about a SUI ETF gaining traction, parallels are being drawn to Solana’s explosive rally earlier this year. Despite having lower transaction speeds than Solana, SUI’s price chart mirrors Solana’s parabolic rise after a consolidation phase. Could SUI’s strong fundamentals and market momentum fuel an extended rally? The crypto market is watching closely—don’t sleep on this altcoin! 

100% return in just 1 month 🚀🚀 The strategy has grown to over $200K in follower assets… And the altseason hasn’t even started yet. $StraightUpTrading 💰 $NEAR $SUI $RENDER