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The cryptocurrency market on December 9, 2025, is characterized by a mixed sentiment, with Bitcoin navigating a period of consolidation while several altcoins experience significant volatility. The broader market is currently gripped by an 'extreme fear' sentiment, as indicated by the Crypto Fear and Greed Index standing at 19. The global crypto market capitalization saw a slight dip, currently hovering around $3.1 trillion.
Bitcoin and Ethereum: Navigating Uncertainty
Bitcoin (BTC), the leading cryptocurrency, is trading around $90,136.33, experiencing a 24-hour dip of approximately 1.61%. Despite this, analysts are looking ahead, with some suggesting a potential path for BTC to reach $124,000 and even $141,000 by the end of December. However, Matrixport analysts maintain a cautious outlook, expecting volatility to persist and warning that year-end deleveraging and holiday liquidity could exert pressure on the market. Historically, December has presented challenges for Bitcoin, making its performance this year a point of keen observation.
Ethereum (ETH) shows relative stability, holding steady at approximately $3,100, with a modest 24-hour decrease of 0.70%. The network's robust Proof-of-Stake model continues to link its price to the overall security budget of the ecosystem, providing a fundamental valuation floor. While spot Ethereum ETFs recorded net inflows of $35.49 million today, they did experience weekly outflows of $65.4 million for the period ending December 6.
Altcoin Dynamics: Surges and Corrections
Today's market saw notable movements among altcoins. Terra (LUNA) emerged as a significant gainer, surging by 28.17% in the last 24 hours. This rally appears largely driven by speculative interest ahead of Do Kwon's December 11 sentencing and the anticipation of a v2.18 network upgrade backed by Binance. Treasure (MAGIC) also performed strongly, recording a 10.57% increase, alongside Radiant Capital (RDNT) which rose by 12.93%. DoubleZero (2Z) posted a nearly 10% jump, making it another top performer. Zcash (ZEC) also saw a considerable gain of 14.76%.
Conversely, some altcoins faced corrections. Voxies (VOXEL), Stafi (FIS), and Moonbeam (GLMR) experienced sharp declines. Monero (XMR) was among the biggest losers, with a nearly 5% dip over the past 24 hours. Dogecoin (DOGE) maintained its position around the $0.14 mark.
ETF Activity and Institutional Interest
Spot Bitcoin ETFs witnessed net outflows of $60.48 million on December 8, primarily led by Grayscale's GBTC, while BlackRock's IBIT was the sole fund to register inflows. In contrast, spot Ethereum ETFs saw positive momentum with $35.49 million in net inflows today. Ripple's XRP also garnered significant institutional attention, with its spot ETFs attracting $38.04 million in inflows today and achieving a $1 billion Assets Under Management (AUM) milestone. Spot Solana ETFs added $1.18 million in inflows.
Regulatory Landscape and Global Developments
Significant regulatory news emerged from the United States today, as the Commodity Futures Trading Commission (CFTC) approved a pilot program. This initiative allows Bitcoin, Ethereum, and USDC to be utilized as collateral within regulated US derivatives markets, marking a crucial step towards integrating digital assets into mainstream financial systems.
In Asia, Japan is exploring a major overhaul of its crypto taxation policy. The proposed change aims to reduce the effective tax rate on crypto gains to a flat 20%, mirroring the rate for stocks. This could unlock a substantial new market and pave the way for local crypto Exchange-Traded Funds (ETFs). Meanwhile, Hong Kong-based crypto exchange HashKey Holdings is pursuing an Initial Public Offering (IPO) with an ambitious target valuation of $2.47 billion, signaling growing confidence in the region's digital asset market.
Exchange Listings and Industry Events
Coinbase, a major cryptocurrency exchange, announced the listing of two new tokens for spot trading: Plume (PLUME) and Jupiter (JUPITER). PLUME experienced a 7% surge following the announcement, while JUPITER saw a decline. The India Blockchain Week 2025 concluded successfully, reinforcing the nation's position as a global Web3 innovation hub despite existing regulatory and taxation challenges. Furthermore, Abu Dhabi is hosting Bitcoin MENA 2025, bringing together key industry figures, with the Global Blockchain Show Abu Dhabi also on the horizon.
The market remains an intricate web of price movements, regulatory shifts, and technological advancements, all contributing to a dynamic and closely watched landscape as the year draws to a close.
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What will the price of WAXP be in 2026?
In 2026, based on a +5% annual growth rate forecast, the price of WAX(WAXP) is expected to reach $0.009627; based on the predicted price for this year, the cumulative return on investment of investing and holding WAX until the end of 2026 will reach +5%. For more details, check out the WAX price predictions for 2025, 2026, 2030-2050.What will the price of WAXP be in 2030?
About WAX (WAXP)
What Is WAX?
WAX, or Worldwide Asset eXchange, is a blockchain platform and cryptocurrency specifically designed for trading virtual items such as in-game assets, digital art, and other collectibles. Launched in 2017 by the founders of OPSkins, WAX aims to create the largest peer-to-peer marketplace for digital assets, focusing on decentralization, interoperability, transparency, and efficiency. It has gained immense popularity in the gaming and NFT communities due to its user-friendly approach and its focus on virtual item trading and fractional ownership.
WAX is a carbon-neutral blockchain, making it a distinctive and environmentally friendly choice in the blockchain ecosystem. It is hyper-focused on video games and virtual collectibles, providing a decentralized marketplace where users can trade virtual items directly without intermediaries.
Resources
Whitepaper: https://github.com/worldwide-asset-exchange/whitepaper
Official Website: https://www.wax.io/
How Does WAX Work?
WAX operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which is known for its speed and scalability, allowing for the efficient management of block production. In this system, WAX token holders use their tokens to vote for WAX Guilds, who are responsible for producing blocks on the WAX blockchain. This mechanism ensures that the blockchain is secure and transactions are processed swiftly, with a block being produced every thirty seconds.
The platform is also fully compatible with EOS, enabling developers to easily build and deploy applications on the WAX blockchain using EOSIO software. WAX provides a suite of tools and services such as WAX Cloud Wallet, WAX Creator, WAX ExpressTrade, and WAX Random Number Generator to help developers create engaging and immersive experiences for users. It also supports vIRLs, patented NFTs that can be redeemed for real-world products and services, offering dynamic functionality including app-video game integrations, marketing tools, and V-commerce capabilities.
WAX has introduced the world's first carbon-neutral NFTs, known as vIRL NFTs, which are linked to physical objects and are carbon offset. This initiative aligns with WAX's commitment to reducing its carbon footprint and achieving carbon-negative status. The platform also allows for the creation and trading of virtual items, which can be transferred across different games and platforms, providing users with increased flexibility and utility for their digital assets.
What Is WAXP Token?
WAXP is the native token of the WAX blockchain, serving various functions including paying transaction fees, purchasing virtual items, and participating in governance decisions on the network. It is used as a payment and trading token, allowing users to purchase virtual goods on WAX. WAXP is also the reward for staking or producing blocks, and it can be traded or purchased on major exchanges such as Bitget. The token is essential for securing the blockchain in proof-of-stake and is used to pay for fees when creating and using smart contracts.
WAX's Impact on Finance
WAX's innovative approach to virtual item trading and its focus on gaming and NFTs have positioned it as a leader in the blockchain industry, potentially revolutionizing e-commerce and gaming industries. By enabling seamless and secure trade of digital assets, WAX provides a practical framework for future projects in the financial sector, particularly in the realms of decentralized finance (DeFi) and NFT marketplaces.
The platform's emphasis on user-friendly experiences and its ability to support fractional ownership have made it accessible to a broader audience, allowing more users to participate in the ownership and trading of high-value items. WAX's commitment to environmental sustainability through carbon-neutral NFTs also sets a precedent in the industry, contributing to its notoriety and appeal to environmentally conscious investors and users.
What Determines WAX's Price?
The value of WAX token (WAXP), much like other tokens, is shaped by a multitude of elements, reflecting the intricate nature of the cryptocurrency market. Supply and demand on various platforms, including cryptocurrency exchanges like Bitget where it can be acquired and traded, are fundamental in determining its price. When there’s a surge in demand for WAXP, often spurred by encouraging cryptocurrency news or emerging trends in the cryptocurrency market, its value is likely to escalate. On the flip side, if the market is flooded with WAXP or it encounters unfavorable news or developments, its value is inclined to diminish.
Market sentiment, fueled by cryptocurrency enthusiasts, influencers, and connoisseurs, is another pivotal factor in shaping the value of WAXP. Discussions, analyses, and predictions within the crypto community and by cryptocurrency experts can significantly sway investor sentiment and, subsequently, the value of WAXP. Moreover, the overarching conditions of the cryptocurrency market, encompassing market volatility, regulatory landscapes, and the level of cryptocurrency adoption, can also impact WAXP’s value. For example, broad acceptance or positive regulatory developments can boost WAXP’s value, whereas restrictive regulations or a downturn in the crypto market can lead to a decline. Those contemplating investing in WAXP are encouraged to stay informed about the latest in cryptocurrency news, events, and trends and to seek advice from seasoned experts to determine whether WAXP is a sound investment looking forward to 2023 and beyond.
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