Hey, I am a long time small but traditional investor, I trust the currency since I first started researching about it and I have been adding crypto into my portfolio worth $10-100 per month depending on the financial situation. I am not much of a trader, I rarely trade or sell my bitcoin or ETH,…
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XRP, the native token of Ripple, is stirring up excitement in the crypto market with analysts predicting a potential short-term price explosion. However, the extent and timing of this surge remain a point of contention. In a recent analysis of the cryptocurrency market, several market analysts have expressed optimism about the short-term prospects of XRP, the digital asset associated with Ripple. These analysts believe that XRP could experience a substantial increase in price, potentially reaching new heights before the peak of the current market cycle. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? XRP Bold Predictions: Fact Or Folly? Capt Toblerone, a prominent crypto analyst, recently ignited the discussion with a bold claim: XRP could see a staggering 15-fold increase (1500%) before the current bull market reaches its peak. This translates to a price target of roughly $10 by July 2024, a significant leap from its current price hovering around $0.62. $XRP chart update. 3 day MACD turning bullish at the right time. 🚀🚀 pic.twitter.com/VgJAjO0Bru — CAPT. PARA8OLIC TOBLERONE (@CaptToblerone) February 16, 2024 Toblerone isn’t alone in his optimistic outlook. Analyst Jake Gagain believes a $5 price point for XRP is achievable in the near future, while crypto founder Nick envisions a more ambitious target of $10 by the cycle’s end. This bullish sentiment echoes the broader market expectation of a potential $5-$10 range for the altcoin. Total crypto market cap currently at $2.377 trillion. Chart: TradingView The underlying rationale for this bullishness hinges on XRP’s historical performance. Back in late 2017, XRP witnessed a meteoric rise, culminating in its all-time high of $3.84. Analysts like Toblerone see parallels between the current market conditions and 2017, hoping for a similar price explosion. Bullish 2025 Crypto Price Predictions. $BTC $ETH $SOL $XRP $ADA pic.twitter.com/xGQKZYRrpm — JAKE (@JakeGagain) March 21, 2024 However, a closer look reveals cracks in the bullish narrative. Toblerone’s previous prediction for Q2 2024 placed XRP within a range of $2.5-$11. With just ten days left in the quarter, achieving even the lower end of that prediction seems highly unlikely. XRP 24-hour price action. Source: Coingecko Analyzing The Divide Furthermore, the article lacks any mention of concrete factors driving the anticipated surge. While past performance offers a glimpse into possibilities, it’s not a guarantee of future results. The cryptocurrency market thrives on innovation and adoption, and without evidence of significant developments for Ripple or XRP, the predicted price surge might be wishful thinking. Related Reading: BONK Bonked: Price Crashes 30% In 7 Days – More Pain Ahead? Not all analysts share Toblerone’s enthusiasm. Some, like Dark Defender and EGRAG, propose a more conservative range of $5-$17 for XRP in the coming weeks. This more measured approach acknowledges the inherent volatility of the crypto market and avoids relying solely on historical parallels. The divided opinions highlight the importance of caution for investors considering XRP. While a price increase is certainly possible, the predicted 15x surge might be overly ambitious. Featured image from Pexels, chart from TradingView
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Wall Street is finally getting the (PF)Picture. It's the moment we've been waiting for. A sneak peak: "We believe this is just the beginning. ETFs are step one in the technological revolution in the financial markets," Fink said. "Step two is going to be the tokenization of every financial asset." That's Larry Fink of Blackrock.…
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I'm a noob and the info are too overwhelming, so I need suggestions in order to focus somewhere for a start. I was thinking of enjin or maybe ecomi but I see many people consider them dead. I'd prefer something like enjin. An ecosystem made by a serious team with dedication, strong tools that can…
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Title says it all really. I just saw someone post about Moons and I thought “Oh I’ve got some of them” but I’ve checked and it’s empty. It’s not like it says 0 Moons. There’s no line or anything mentioning Moons anymore. Has it been removed? Should I have transferred them (there wasn’t that many…
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According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains […]
Digital asset analyst with X handle Crypto Patel has recently shared a bullish prediction on MATIC price movement in the coming weeks. This forecast comes amidst MATIC’s poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap. The Polygon native token had been one of the best-performing assets in 2024 rising by over 76.38% between January to March. However, the altcoin has now recorded a 22.83% decline over the last two weeks, drawing much concern over its future price movement. Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? $1.20 Price Level Critical For MATIC Price Surge, Analyst Says In a post on X on March 23, Crypto Patel presented a bullish case for MATIC despite the token’s current downtrend, naming the forecast the “MATIC BULL RUN ROADMAP.” Firstly, the analyst stated that a MATIC bullish pennant was being formed. For context, the bullish pennant represents a price pattern that typically follows a string of upward movement in price (the flagpole) followed by a period of consolidation (pennant). $MATIC BULL RUN ROADMAP 🚀 1⃣ #MATIC Forming Bullish Pennant In HTF 2⃣ 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout 3⃣ If MATIC/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target 4⃣ I am Bullish in #POLYGON for Long Run 5⃣ If Market Crash then… pic.twitter.com/FJEvGiHd4U — Crypto Patel (@CryptoPatel) March 23, 2024 A bullish pennant is characterized by converging trendlines, which indicates the continuation of the previous uptrend once the price breaks out of consolidation. Importantly, Crypto Patel emphasized that MATIC’s bullish pennant was being formed on a higher time frame (HTF), such as the weekly chart. Following historical trends, the complete formation of the bullish pennant could result in Polygon native asset experiencing a 100x price increase in the highly anticipated crypto bull run, as observed in 2021. However, with a focus on short-term targets, Crypto Patel has stated that MATIC reaching the $1.20 price zone on the HTF could trigger a surge to a range of $10-$15, representing a potential 1500% gain on the asset’s current price. Albeit, in the advent of an unexpected crash, the crypto analyst expects MATIC could be significantly affected but should find support around the $0.60-$0.70 price zone. Related Reading: Buy High, Sell Low: FOMO Made This Crypto Trader Lose 6,039 SOL MATIC Price Overview At the time of writing, MATIC trades around $0.9817 with a 1.30% gain in the last 24 hours. Meanwhile, the token’s daily trading volume has declined by 31.82% and is valued at $291.65 million. With a market cap value of $9.7 billion, MATIC is ranked the 16th largest cryptocurrency and one of the world’s most prominent digital assets. MATIC trading at $0.9771 on the daily chart | Source: MATICUSDT chart on Tradingview.com Featured image from Freepik, chart from Tradingview
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