📈 Bitcoin has entered a “hot momentum” phase (overbought ph

Explore More From Creator

⭐️ Buy signal? XRP set for explosive price action after consolidation. The XRP community continues to await a possible price breakout, potentially reclaiming the $1 mark after years of extended consolidation. This comes as the token’s parent company, Ripple, remains embroiled in a legal battle with the Securities and Exchange Commission (SEC). However, crypto analyst Egrag Crypto believes historical price movements suggest that XRP might be on the verge of explosive price action, potentially driving the value above $1. In an X (formerly Twitter) post on April 20, the analysis suggested that XRP’s dominance rests on a historical support line around the $0.50 zone, drawing parallels to patterns observed in 2017 and 2021. 🔺 XRP’s areas to watch If this scenario unfolds, the analyst identified potential targets for XRP’s price movement, pinpointing Fibonacci levels between $1.2 and $1.6 as critical areas of interest. These levels serve as crucial indicators for traders and investors, signaling potential price targets and resistance levels. “Historically, XRP has exhibited rapid and powerful pumps. Could we witness a similar move soon? Potential targets begin at Fib levels 1.272, 1.414, and 1.618,” the analyst said. For XRP to realize the projected valuation, the token must sustain its price above the psychological $0.50 level, which currently serves as a critical support point. This level could also help the token breakout of consolidation above the $0.70 mark. Meanwhile, the SEC case weighs on determining XRP’s next move. The case is approaching a potential conclusion, with the SEC urging a New York judge to impose a hefty, nearly $2 billion fine against Ripple Labs. Beyond the case, XRP could also find support from Ripple Labs’ potential stablecoin launch. It’s worth noting that Ripple intends to unveil its stablecoin, which entails a 1:1 peg with the US dollar and is backed 100% by US dollar deposits, short-term government treasuries, and other cash equivalents. $XRP #XRP

🔍 The popularity of the query “Bitcoin halving” on Google has reached a record On April 14, search queries with the words “Bitcoin halving” reached 100 popularity points. ⚡️ This is the highest level of interest in this event recorded by Google in the 11-year history of BTC. 🔺 The record shows the crypto community’s strong anticipation of a new halving, as it represents an important milestone that is set to radically change the dynamics of the BTC supply. $BTC #BTC #bitcoinhalving

⭐️ AI predicts Dogecoin price for May 1, 2024 Although many assets in the cryptocurrency sector have resumed their bullish run from the previous weeks, Dogecoin (DOGE) still seems to be waiting for its turn. Despite the growing transaction volume indicating heightened activity, the meme-inspired cryptocurrency faces downward price pressure. Dogecoin has found utility in various sectors, including payments, and its association with Tesla (NASDAQ: TSLA) CEO Elon Musk suggests potential additional use cases. The large-cap meme coin, with a fully diluted valuation (FDV) of about $28 billion, has about 7 million on-chain holders. Even with significant user engagement and substantial market presence, AI-based forecasts suggest a bearish outlook for Dogecoin in the coming weeks 🔺 AI predictions and market sentiments Despite overall bullish market conditions, AI algorithms predict a bearish future for Dogecoin’s short-term prospects.CoinCodex forecasts a 10.18% decrease in Dogecoin’s price to $0.136776 by May 20, 2024, influenced by bearish market sentiment and a ‘Greed’ index of 66. Over the past month, the analysis notes a 50% rate of green days and an 11.29% volatility rate, highlighting the instability in Dogecoin’s market behavior. 🔺 Challenges from emerging competitors On-chain data from Santiment shows significant selling from wallets holding between 10 million and 100 million DOGE, totaling over 300 million units. Meanwhile, short-term holders have amassed 13% of the total supply, raising the risk of market sell-offs. Even with the bearish outlook from some AI predictions, other market analysts identify potential bullish signals. A notable bull flag pattern on Dogecoin’s daily chart suggests the possibility of an impending rally, says Crypto analyst Trader Tardigrade. Dogecoin may potentially recover soon and continue its ascent towards $1 by year’s end. However, given the inherent volatility of the cryptocurrency market, conditions can change rapidly $DOGE #DOGE

Billionaire’s Bold Bitcoin Prediction: BTC Price Could Soar to $10 Million Tim Draper predicts Bitcoin could reach $10 million as global utility increases.Upcoming Bitcoin halving and successful spot ETFs act as major accelerants for BTC price.Draper’s track record includes an accurate prediction of Bitcoin topping $10,000 in 2017. Billionaire venture capitalist Tim Draper has made headlines with a staggering prediction: Bitcoin could potentially surge to $10 million. In a recent interview, Draper outlined several factors contributing to this optimistic forecast, highlighting Bitcoin’s increasing utility and the recent success of spot ETFs as key accelerants. Draper, known for his early investments in Skype and his accurate prediction of Bitcoin reaching $10,000 in 2017, sees the digital currency’s expanding role in everyday transactions as a crucial driver. “When you can buy your food, clothing, shelter, and even pay your taxes with Bitcoin, why would you use anything else?” Draper remarked. This transition to Bitcoin, according to him, would fundamentally shift its value proposition, making it indispensable for daily life. Moreover, the venture capitalist pointed to the imminent halving event—a periodic reduction in the block rewards given to Bitcoin miners—as a precursor to previous price surges. Coupled with the burgeoning influence of Bitcoin ETFs, these factors set the stage for unprecedented growth. Despite the boldness of Draper’s $10 million prediction, the underlying sentiment reflects a broader confidence in Bitcoin’s future within the financial landscape. As Bitcoin continues to break new barriers, its journey offers a compelling glimpse into the evolving dynamics of the cryptocurrency market. $BTC #BTC

⭐️ Shocking leak from China will cause XRP price to rise ! Forbes senior contributor Billy Bambrough suggests that the sudden opening of the Chinese market could cause the price of XRP to rise. Bambrough expressed this sentiment in a recent publication, highlighting the market's recent recovery from its recent decline. He noted that the cryptocurrency market, Led by Bitcoin, it has recovered from last Saturday's collapse triggered by concerns about a potential escalation of the Middle East conflict. $XRP #XRP

Latest News

Arbitrum Community Proposes Adoption of RIP-7212 for Passkey-Based Wallets

Bitcoin Miners' Revenue Hits Historic High

Bitcoin Mini Trust Fee Rate Could Be Lowest In Market

Solana Open-Source Trading Bot Users Warned About Backdoor Code

Magic Eden Wallet Launches Runes, Enabling Users To Engrave, View, And Track

ba-one-trust-cookie