Bitcoin’s journey toward six figures is marked by potential corrections, with analysts suggesting a healthy cooling phase before a bullish resurgence. Recent insights from CryptoQuant emphasize that although Bitcoin (BTC)
HO CHI MINH, Vietnam, 17th November 2024, Chainwire
MicroStrategy continues to redefine corporate treasury strategies by leveraging Bitcoin, revealing a substantial disparity in cash holdings among major corporations. Since adopting Bitcoin as its primary reserve asset, MicroStrategy has
In the realm of cryptocurrency, remarkable stories emerge of traders who achieve extraordinary profits. An investor transformed an $800 stake into an impressive $850,000 during the previous market surge. The focus now turns to their next potential moves in 2024. This article uncovers their upcoming investments, sparking curiosity about what might be the next big
Bitcoin could still see "healthy cooling" before its trip to $100,000 and above, the latest BTC price analysis says.
Explore our DOG•GO•TO•THE•MOON price prediction for an in-depth analysis of the Dog price and its market sentiment.
The price of 1 XRP could explode by more than 759% if XRP’s market cap reached the $350 billion mark. XRP has been one of the biggest beneficiaries of the ongoing market upsurge as Bitcoin broke $90,000. Amid the prevalent market push, XRP recently reclaimed the $1 price mark.XRP Joins Market RallyThis rally allowed XRP to cross the $60.9 billion market cap, its highest valuation since July 2021. As the upsurge persists, discussions around a price increase to lofty targets have resurfaced. For instance, earlier this month, market analyst EGRAG suggested that XRP could hit $17, leveraging a “bent fork” formation.Another market watcher, Steph, charged investors to procure XRP tokens before the altcoin claims a new peak of $14. While targets of a $4 price or a $6 value are logically attainable, some have doubted the feasibility of higher goals such as $14 and $17. These skeptics point to the market cap that could result from such ambitious targets. For the valuations from these audacious goals to materialize, the XRP market would need to welcome a substantial amount of capital. XRP Price at a $350B Market CapThroughout its decade-old journey, XRP has not clinched the coveted $100 billion valuation mark. The altcoin’s peak market cap was $95.5 billion, attained when its price spiked to an all-time high of $3.3 in January 2018. XRP has since dropped from this mark, struggling to maintain the $30 region this year.However, we recently assessed how much XRP would need to rally to claim a $350 billion market cap, roughly the size of Ethereum’s valuation before the latest uptrend. Such a market cap would mark a new territory for XRP, possibly buoyed by a flood of new capital.Currently, XRP has a circulating supply of 56.8 billion tokens, a jump from previous figures due to the periodic escrow releases from Ripple’s accounts. At the current circulating supply, the value of 1 XRP would need to rise by 759% to $6.15 for XRP to claim a $350 billion market cap. Both the $6 price mark and the $350 billion valuation are within reach for XRP. Some factors that could catalyze a run to these levels include the forthcoming XRP ETFs and launch of Ripple Stable coin (RLUSD) on XRP ledger.
El Salvador’s President Nayib Bukele’s Average Bitcoin Purchase Price Unveiled at $44,396.98 ————— 💰Coin: Bitcoin ( $BTC ) $90,512.10 ————— NFA.
The ETFs tracking the performance of both assets had a solid week, but went in the red at the end of it.
HO CHI MINH, Vietnam, 17th November 2024, Chainwire Read original article on coincu.com