Animoca Brands co-founder and executive chairman Yat Siu expects continued growth through 2025 due to a more crypto-friendly regime in the US.
Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase.
Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled.
According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165 million in bookings in 2024, a 116% increase over the previous year. The company’s subsidiaries and incubated projects generated $110 million in bookings, while its investment activities contributed $39 million.
Over the past weeks, meme coins centered around US politics have consistently trended on decentralized exchanges. Recurring topics include the Trump/Musk split and the latest anti-ICE protests in Los Angeles.
A few prominent examples include Grand Theft America, Kill (the) Bill, Rent Only Goes Up, The America Party, and more. Although speculative, these community-led tokens show more of a decentralized character than coins like TRUMP.
President Trump’s eponymous meme coin kicked off this trend in January, and it’s been growing to new levels ever since. Over the last few days, a cadre of political meme coins has consistently trended on DEXs.
Over the last 24 hours, several key examples of political meme coins have trended. Grand Theft America, for example, a riff on the Los Angeles ICE protests and GTA video game series, racked up $600,000 in the last few hours.
A Meme Related to the Latest US Political and Social Unrest, Which Went Viral to Drive a Meme Coin
And yet, this wave of political meme coins is more decentralized than assets like TRUMP. Vitalik Buterin cautioned against political figures launching their own tokens, and House Democrats attempted to ban such assets.
However, this current crop only gestures at events in the zeitgeist or famous quotes, not seeming to endorse any movement or figure.
In a way, this contradicts Arthur Hayes’ proposal that meme coins can become an effective method of political advertising. It’s difficult to find any clear message out of these trendy tokens.
If public spectacles capture the community’s imagination, it can lead to potentially lucrative opportunities. As far as the content goes, these tokens’ political message remains surface-level.
As of now, the US political and social unrest is on live display over social media, and the meme coin community is taking full advantage of it.
According to a recent survey by Brown Brothers Harriman, 71% of ETF investors wish to invest more in crypto this year. This bullish signal comes as the crypto ETF market is beginning to recover from recent volatility.
The firm is one of the oldest and most prestigious investment banks in the US, adding credibility to its claims. This data also aligns with other surveys that suggest wealthy investors are interested in Bitcoin.
Crypto ETFs Are Becoming Popular Among TradFi Investors
According to a new survey from Brown Brothers Harriman, 71% of ETF investors are planning to further their allocations into crypto.
“Good news for the crypto crowd, 71% [of surveyed investors] said they aim to increase their allocation to crypto ETFs in the next 12 months.. That’s higher than I would have thought, I’d have guessed 40-50% and i’m pretty bullish on this space, relatively speaking,” claimed Eric Balchunas, a prominent ETF analyst.
Brown Brothers Harriman is one of the oldest and most prestigious investment banks in the US, and its survey is a credible indicator of ETF sentiment. Additionally, other recent surveys have drawn similar conclusions.
Meanwhile, Bitcoin ETFs have largely recovered this week after seeing net outflow for five consecutive weeks. At the same time, more asset managers are filing diverse ETF applications with the SEC. Given the current positive sentiment among institutional investors, the long-term outlook is likely to be bullish for such funds.
HBAR, the native token of Hedera, has been experiencing a steady uptrend recently, attracting the attention of investors. The price surge has contributed to increased trading activity, but for traders, especially those holding short positions, this could lead to significant liquidations.
While the altcoin is expected to continue its rise, the situation may become challenging for those who bet against it.
HBAR Traders Are In Danger
The Chaikin Money Flow (CMF) indicator shows strong inflows into HBAR, signaling that investor sentiment is bullish. The CMF has bounced above the zero line for the first time since December 2024, showing strong demand.
The inflows indicate that investors continue to pour money into the asset, bolstering the price movement. With the CMF turning positive, the likelihood of sustained growth for HBAR increases, as long as the broader market maintains its bullish tone.
The liquidation map for HBAR, which tracks short positions, indicates that traders betting against the asset could face significant losses if the price continues to rise. HBAR’s current price sits at $0.19, not far from the key resistance level of $0.22. If HBAR breaches this resistance, approximately $70 million worth of short positions could be liquidated, leading to further upward pressure. This scenario highlights the intense battle between bullish investors and bearish traders.
Short traders who bet against HBAR are now at risk, as the broader market sentiment pushes the altcoin higher. The increasing momentum fueled by the strong inflows will likely catch many short positions off guard, forcing them to liquidate. If this liquidation occurs, it could lead to a sharp rise in the price of HBAR, further solidifying its bullish outlook.
HBAR is currently trading at $0.194, just below the significant resistance level of $0.200. The altcoin has shown consistent growth over the past month, and with the current positive market sentiment, it is likely to continue rising. A successful break above $0.200 could confirm the bullish momentum and open the path for further gains.
Should HBAR manage to flip $0.200 into support, a rise to $0.220 would likely follow, triggering the $70 million in short liquidations. This would create additional upward pressure, accelerating HBAR’s price move and potentially pushing it higher in the short term.
However, if HBAR fails to maintain its upward trajectory and falls below the uptrend line, the price could slip under the $0.182 support level. Such a decline would likely bring HBAR to around $0.167, invalidating the current bullish outlook. Therefore, traders should closely monitor these key levels to determine the next steps for HBAR’s price action.
