As Bitcoin stabilizes at $68,000, analysts are strategically readjusting their altcoin portfolios. The focus is on AI and meme coins, specifically targeting Bittensor (TAO), NEAR Protocol, Aethir, and Dogecoin for
The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol’s whitepaper. Santiment notes that Synthetix clocked The post Derivatives Protocol Synthetix (SNX) Leads the DeFi Sector in Recent Development Activity: Santiment appeared first on The Daily Hodl .
XRP is now faced with a potential breakout that could lead to a rally to as high as $0.66, according to a technical pattern.
The idea of the XRP price reaching $1,000 has once again gained traction as a social media platform X user called Drewski called for the Ripple community to unite in driving XRP to the unprecedented price level. While Drewski’s post reignited the conversation, the $1,000 price target is far from new, as it has been a goal shared by many XRP investors for years. Bold $1,000 Price Target For XRP Drewski’s comment on XRP echoes the entire cryptocurrency investor community. Particularly, it can be inferred that the investor is confident that the combined strength of the Ripple community can trigger a historic price surge for XRP. Related Reading: BTC Held On Exchanges Hits Lowest Point In 5 Five Years, Here’s What It Means For Bitcoin Price Interestingly, the bullish price target for XRP is primarily driven by sentiment rather than technical analysis. However, XRP is no stranger to very bullish price targets when viewed through the lens of technical analysis. For instance, renowned crypto analyst EGRAG CRYPTO has provided analysis indicating that XRP could be on a trajectory towards $27. In another technical analysis, the analyst highlighted the possibility of XRP surging further to $99. How Feasible Is The $1,000 Price Target? While the prediction is exciting, there are skeptics who question whether XRP can realistically reach $1,000. Critics highlight the enormous market capitalization required to reach this level. For XRP to hit the $1,000 mark, it would either need to achieve a market cap of $99.99 trillion based on its current total supply or burn most of its supply. Many critics are also quick to point out the regulatory uncertainties surrounding XRP and Ripple. If you ask many crypto participants, many will call XRP dead, considering the crypto has performed poorly than many expected in recent years. Currently, XRP is trading at a fraction of the $1,000 target. At the time of writing, XRP is trading at $0.5515. The cryptocurrency has been down by 0.7% in the past 24 hours but remains up by 2.5% in a seven-day timeframe. Related Reading: Bitcoin Price To $95,000? Here’s What Needs To Happen First To reach the price target, XRP would need to go on a 1,800x price surge from the current level, which would make many of its holders multi-millionaires. Therefore, the prospect of such a move has kept the dream of a $1,000 price target alive for many XRP enthusiasts. A more realistic dream would see XRP break above the $1 mark before reaching the double-digit threshold at $10. For XRP to go on a steady rally, it would need to continue growing in adoption in the traditional financial system. Furthermore, a final resolution to the ongoing Ripple-SEC lawsuit is needed, as achieving regulatory clarity could bring the dream of a $1,000 XRP closer to reality than ever before. Featured image created with Dall.E, chart from Tradingview.com
As Web3 emerges as the talk of the town across the globe, Telegram has garnered significant attention with a phenomenal 400% spike in NFT transactions on TON. Notably, as per a recent report by Helika, NFT transactions on the network soared 400% during Q3 2024. This surge has sparked noteworthy discussions among market participants, with The post 5 Reasons Behind the 400% Spike in NFT Transactions on Telegram in Q3 2024 appeared first on CoinGape .
Hachiko, a new Solana-based dog coin, surged 933% in one day, while presale Crypto All-Stars is poised for significant gains. #partnercontent
Hachiko, a new Solana-based dog coin, surged 933% in one day, while presale Crypto All-Stars is poised for significant gains. #partnercontent
Shiba Inu (SHIB) investors had high hopes for a significant rally in October, with many experts predicting a 200%+ surge. However, as of mid-October, SHIB has managed to gain only 2.10%, leaving many wondering if the bullish predictions will ever materialize. This underperformance has led some of Shiba Inu (SHIB)'s largest investors, or whales, to start backing a new contender in the meme coin space—GoodEgg (GEGG), an AI-powered social dating cryptocurrency that is quickly gaining traction.
Since last weekend, crypto buyers have returned enthusiastically, delivering the Q4 momentum many had anticipated. With Bitcoin’s October performance flipping to the green, the altcoin market is gathering sufficient strength to spark a high-momentum rally. Let’s dive into the top five explosive altcoins to watch for a potential 100x rally this weekend. 5 Altcoins Set The post 5 Explosive Altcoins to Rally 100x This Weekend appeared first on CoinGape .
The post PEPE Buy the Dip? Experts Share Bullish Insights and Data appeared first on Coinpedia Fintech News The popular meme coin Pepe (PEPE) is poised for a notable upside rally, as crypto experts and its on-chain metrics share a positive outlook. Amid this ongoing recovery, a crypto expert shared a post on X (Previously Twitter) that the current price of PEPE is approaching a buy-the-dip opportunity, as it is near the 50% …