🔥 XRP on fire: A capitalization of 159 billion and peaks in sight!
Welcome to the Daily Tribune of Friday, January 17, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Friday, January 17, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🚀 XRP: The crypto that shakes up the giants!
XRP marks a spectacular start to 2025 with a rise of 31.5% in its price, reaching $3.09 and a capitalization of 159 billion dollars. Ripple's crypto even surpasses titans like BlackRock and Disney, an unprecedented feat. This meteoric rise is explained by the launch of the stablecoin RLUSD, rumors around an XRP ETF, and strategic partnerships.
Moreover, the potential departure of Gary Gensler, chairman of the SEC, could ease regulatory pressures on Ripple. In Google searches, XRP outpaces Bitcoin and clearly shows massive enthusiasm. At this rate, some analysts anticipate that XRP could reach up to $27 by the end of 2025, thus challenging Ethereum's dominance.
⚠️ Solana: Under pressure, but not out of the game
Solana is going through a period of slowdown and records a 10% decrease in activity on its network. Volumes on leading platforms like Raydium and Orca have dropped by more than 20%, fueling fears of a loss of momentum for this once-promising blockchain. However, some projects like Lifinity and Stabble show respective increases in activity of 27.7% and 29.7%.
Incoming capital flows remain positive, and the prospect of an ETF based on Solana could revitalize its attractiveness. Nevertheless, the network faces strong competition from Ethereum and Arbitrum. Solana will also need to respond to criticisms regarding centralization and strengthen its identity to establish itself in a constantly changing market.
🇫🇷 Cannes: The crypto conquering local businesses
The city of Cannes, spurred on by Mayor David Lisnard, is launching an initiative aimed at integrating cryptocurrencies into local businesses. This approach is part of a broader Web3 strategy to modernize the economy and attract a wealthy clientele. Training will be held on February 4, 2025, at the Palais des Festivals, to assist merchants on the technical, legal, and tax aspects related to the adoption of cryptos. The goal is to anticipate the 8th edition of the Ethereum Community Conference (EthCC) scheduled for June 2025.
While this project aims to boost the local economy, it raises criticisms: some fear potential issues related to money laundering, legal incompatibilities, and volatility inappropriate for daily commerce.
📊 Bitcoin: Explosion of Open Interest on Binance after positive economic signals
Bitcoin is experiencing a meteoric rise in its Open Interest on Binance, reaching $10.96 billion, following the announcement of lower-than-expected U.S. inflation. In just two hours after the publication of the Consumer Price Index (CPI), the Bitcoin futures market jumps by $500 million on Binance, bringing the global total of derivatives contracts to $63 billion. The Crypto Fear & Greed Index has risen to 75 and reflects strong investor confidence.
This renewed optimism attracts institutional investors and reinforces the idea of an increased maturity phase for cryptocurrencies. However, cautious voices emphasize the importance of macroeconomic factors, such as the upcoming decisions of the Federal Reserve, which could durably influence the markets.
Today's crypto: Movement (MOVE)
Movement is a revolutionary modular blockchain focused on interoperability and performance via the Move language. It connects the Move and EVM ecosystems, allowing developers to create high-performing rollups with facilitated adoption.
The native token MOVE plays a key role in transaction fees, governance, and staking mechanisms. Initially distributed through strategic funding involving Binance Labs and Polychain Capital, it offers benefits such as rewards for validators and utility in automating complex tasks on the blockchain. MOVE is designed to improve the adoption of decentralized applications while providing a robust and flexible infrastructure.
Recent performances
Current price: €0.86
Daily change: +9.84%
Market capitalization: €1.97 billion
Rank on CoinMarketCap: 62
AI Tokens: A growth of 222% in 2024, what about 2025?
In 2024, AI-related tokens exploded, showing a growth of 222% and reaching a capitalization of $15 billion. This expansion was driven by innovations such as the launch of new cryptocurrencies, including Goatseus Maximus (GOAT) on the Solana blockchain, now a leader in this field with a 56.48% market share. This trend reflects the growing interest in AI agents in the crypto ecosystem, although some experts point out the current technological immaturity, making large-scale investments premature.
AI agents: a driver for Web3
AI agents are expected to play a major role in transforming decentralized communities by 2025. Leaders like J.D. Seraphine predict their integration into early use cases, such as crypto trading, estimating more than a million active AI agents on blockchains by the end of the year. These agents would generate millions of dollars in on-chain activities each week. However, voices like that of Vitalik Buterin call for stricter regulation of AI development to anticipate and manage the risks associated with this technology.
Opportunities and challenges for 2025
The capitalization of AI tokens could reach $60 billion in 2025, marking their rise in decentralized finance. However, they are expected to remain behind memecoins in terms of overall value. Investors are encouraged to focus on tokens offering practical solutions, such as automating specific tasks. The growing adoption of AI tokens, combined with their potential to redefine Web3, represents a considerable opportunity, although it faces technological and governance challenges.