A #community centric fully #decentralized reward distribution protocol aims to build community for upcoming #web3 projects under #martianverse. On X @0xMarsNext
🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥
Short-term (by end of 2023): 🤏 - Bitcoin to rise from $30,000 to $40,000. - Factors: Institutional accumulation, positive ecosystem developments, limited downside.
Short-term (early 2024): 🔼 - Bitcoin to reach $50,000-$60,000 pre-halving in April 2024. - Factors: Halving anticipation, retail investor demand, potential short squeeze.
Medium-term (around 2025): 👀🐮 - Bitcoin ATH $100,000-$150,000. - Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.
Long-term (post-ATH, possibly end of 2025): 🐻 - Bitcoin to consolidate around $40,000-$50,000. - Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.
What you think, let me know in the comments... 🔥🔥😍😍😍
**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.
If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀
Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens. The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀
This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥
Here is a table that summarizes your investment:🐮🐮🐮
Investment Purchase price Sale price Profit $100 in SHIB $0.000000000056 $0.00008845 $1.6 billion
Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB
Robert Kiyosaki Buys More Bitcoin as BTC Hits New High of $77,252
- Finance guru and major #bitcoin☀️ investor #robertkiyosaki , author of the bestseller Rich Dad Poor Dad, tweeted just before Bitcoin surged to a record high of $77,252. In his post, Kiyosaki shared "thoughts from a poor person" to emphasize his continued commitment to buying BTC, despite its recent price spike. He even noted that he’s buying Bitcoin at $76,000 and plans to add more to his holdings over the next year.
Kiyosaki’s Message on Bitcoin: "I Keep Buying at $76,000"
- Known for his large real estate investments and gold mines, Kiyosaki reminded his followers that many people hesitate to invest in assets like Bitcoin, gold, and silver, viewing them as "too expensive." However, he believes these three are the pillars of true financial security and continues to invest in them, undeterred by rising prices.
- Bitcoin saw a weekly high of $76,000 before breaking past $77,250. Gold also recently hit a record, trading at $2,684 per ounce, and silver reached $32. Kiyosaki advised that while prices may fluctuate, the key is not the cost at purchase but the overall assets one holds.
Kiyosaki's Growing Holdings and Commitment to Bitcoin
- Kiyosaki disclosed that he began buying silver when it traded at just $1 per ounce and continues accumulating it at current prices. His journey with Bitcoin started at $6,000, and he’s continued buying up to its current highs. Today, Kiyosaki holds 73 BTC, worth around $5.6 million, and is determined to own 100 BTC within a year, regardless of the price.
- Referring to Bitcoin, silver, and gold as "real money," Kiyosaki consistently contrasts these assets with what he calls "fake money" (US dollars). The recent spike in BTC’s price followed significant changes in U.S. leadership and a recent Fed rate cut, underscoring Kiyosaki’s belief in Bitcoin's long-term value.
- Ethereum wrapped up a strong week with a 21% rise, bringing its price to $3,046, a level not seen in months. This surge has reignited excitement in the ETH ecosystem, following a challenging period since March. The key support level has shifted to $2,880, previously a resistance level. With this cleared, Ethereum is eyeing further gains, with the next resistance target at $3,350.
- Looking ahead, ETH’s resurgence could fuel a sustained rally, potentially challenging its March high of $4,000 & even its all-time peak of $4,800 from 2021.
Ripple (XRP)
- XRP is currently priced at $0.5521, ending the week up by 7%. It has maintained support above 54 cents, with buyer interest gradually building. Growing buy volume suggests XRP could soon challenge the 60-cent resistance.
- XRP tends to follow momentum trends & if interest continues to rise, it may aim to catch up with major altcoins like Ethereum & Solana.
Cardano (ADA)
- Cardano had a strong week, with ADA climbing 22% to $0.4398. The rally has helped ADA establish support above 40 cents, and as buyer interest returns, it could challenge the 50-cent resistance level. If the market remains favorable, ADA may continue its upward trajectory.
- With buyers dominating for the first time since March, Cardano’s downtrend seems to be over & a sustained rally could see ADA revisit early 2024 price levels.
- Solana had an impressive week, closing with a 20% increase, bringing SOL to $201. This rally pushed Solana above $200 for the first time since March, maintaining support at $180. The next resistance level is $206, which could challenge buyers in the coming week.
- SOL must break above $206 to maintain its bullish momentum. If it falters at this level, sellers may regain control.
- Dogecoin surged 26% to $0.2082, nearing key resistance at 21 cents. If it breaks through, the next target is 31 cents, with 50 cents & its all-time high of 74 cents as potential long-term goals.
💥💥💥 #Dogecoin Soars 26% This Week: Can It Reclaim the $0.27 Level?
Dogecoin ($DOGE ) surged by 26% this week, reaching $0.2103 with strong trading volume of $3.99 billion and a market cap of $29.71 billion. DOGE is approaching resistance at $0.2368, and traders are optimistic it could revisit the $0.27 level from 2021.
Bullish Indicators and Golden Cross
- A Golden Cross—where the 50-day moving average crosses above the 200-day average—signals a potential long-term uptrend for DOGE. Additionally, DOGE has broken above the 0.786 Fibonacci level at $0.1832, suggesting strong buying pressure and potential for further gains. Key targets include $0.2368 and $0.27, with support at $0.14 and the 200-day SMA at $0.1281.
On-Chain Metrics Show Strong Support
- On-chain data is positive, with 88.64% of DOGE addresses “In the Money” around $0.2019, indicating reduced sell-off risk. The In/Out of the Money metric highlights a strong support zone between $0.166 and $0.226, reinforcing DOGE’s resilience near resistance levels.
- If DOGE surpasses $0.2368, it could reach $0.27, with additional resistance near $0.30. In case of a pullback, support levels at $0.1832 and $0.1537 could help cushion the price. Technical and on-chain metrics support a bullish trend, making $0.27 a realistic near-term target if buying interest continues.
Solana ($SOL ) has surged to $200, sparking excitement among traders and signaling a potential breakout. With a bullish trend emerging, analysts are forecasting an ambitious target of $1,400 if SOL continues its upward momentum.
Breaking Key Resistance Levels
- After rebounding from a solid support level at $159, Solana has gained upward traction, pushing toward a crucial resistance zone marked by a horizontal red box and descending blue trendline. Historically, these levels have triggered price rejections, but recent signs suggest weakening resistance as buyers increase. Each new attempt to break through indicates a shifting market, hinting that Solana could soon close above this resistance.
- A decisive weekly close above this area would confirm a breakout, potentially transforming resistance into new support at $202. With a confirmed bull flag pattern, SOL could then target the $1,400 mark.
Solana’s Stellar Growth
- SOL’s recent performance has been impressive, rising 5.5% over the past 24 hours, 37% over the past month, and 365% over the past year. Demand is visibly outpacing supply, as shown by declining selling pressure near the blue trendline, creating momentum for SOL to potentially sustain its rally.
- For Solana to reach $1,400, it must continue clearing resistance levels and converting them into support, a journey that may see some volatility. However, with technical indicators pointing to strength, SOL’s outlook remains highly promising.
😍😍😍 #bitcoin☀️ in November: 7% Gains So Far—Is a Bigger Rally Ahead?
Bitcoin has risen 7% this November, and analysts are eyeing a surge to $100,000 following Donald Trump’s presidential win. Increased #stablecoin activity suggests traders are gearing up for potential $BTC volatility, while some experts anticipate Bitcoin reaching $200,000 by mid-2025 due to rising institutional interest.
Path to $100K: Analysts Weigh In
- Ryan Lee, lead analyst at #Bitget Research, sees Bitcoin on track to surpass $100,000 in the coming months. The heightened open interest in BTC futures and rising stablecoin usage indicate that traders expect significant price swings, which could propel Bitcoin upward if fresh capital continues entering the market.
- Similarly, Fadi Aboualfa from Copper.co links Trump’s victory to a possible policy shift in the U.S. that may benefit digital assets. He predicts that by January’s inauguration, Bitcoin could reach $100,000. With around 1.1 million BTC held in ETFs, institutional demand is poised to drive further gains.
- Analyst Gert van Lagen highlighted Bitcoin’s recent breakout from a "Descending Broadening Wedge" pattern, signaling potential explosive growth. He projects BTC could hit $200,000 by May 2025, suggesting it’s now primed for parabolic gains.
$100,000 on the Horizon?
- Crypto influencer Lark Davis shared in a recent video his forecast for BTC to reach $100,000 within 90 days, citing Bitcoin’s recent high of $77,000 as a sign of growing market momentum.
- With factors like increased stablecoin dominance, institutional investment, and optimism surrounding Trump’s policies, Bitcoin appears on the cusp of a substantial rally. November’s promising start has investors watching closely, hopeful BTC has much more in store as it heads toward new all-time highs.
👉👉👉 How Trump’s Win Could Shift the #Ripple💰 vs. #SECAppeal Timeline, According to Experts
Pro-XRP lawyer John Rispoli recently projected that Donald Trump’s win as U.S. president-elect could expedite the Ripple lawsuit appeal timeline. Originally, Rispoli estimated that the U.S. Court of Appeals for the Second Circuit might resolve the case by 2026, but now he expects a sooner resolution, given Trump’s pro-crypto stance.
How Trump’s Victory Could Affect Ripple Appeal Timeline
- Rispoli suggests Trump may be aware of the Ripple lawsuit, given Ripple’s legal officer Stuart Alderoty’s discussions and his $300,000 XRP contribution to Trump’s campaign. Rispoli foresees a possible SEC leadership change by early 2025 under Trump, potentially enabling a Ripple lawsuit settlement.
Two Potential Settlement ScenariosRispoli outlined two potential outcomes for a settlement under the current and potential new SEC leadership:
1. Settlement Under Existing SEC Leadership
- Rispoli suggested that the current SEC leadership might opt for a quick settlement, following the recent court verdict imposing a $125 million fine on Ripple and a permanent injunction against future XRP institutional sales. He believes the SEC could move forward with this outcome before any new leadership takes charge.
2. Settlement Under New SEC Leadership
-If new leadership takes over by spring 2025, Rispoli expects they might approach the Ripple case with a less aggressive stance, viewing the lawsuit as “idiotic.” This leadership might settle for a lesser penalty, with terms ensuring Ripple’s institutional XRP sales do not violate securities laws.
In summary, Rispoli revised his original 2026 timeline, now seeing a potential settlement as a realistic near-term outcome. This could involve strict terms under current SEC leadership or more favorable conditions if crypto-friendly officials come into power under Trump’s administration.
🚀🚀🚀 Cardano ($ADA ) Soars 25% in Three Days, Signaling Strong Bullish Momentum
The U.S. presidential election brought volatility to crypto markets, with Donald Trump's win over #kamalaHarris sparking bullish sentiment. Cardano’s ADA token has been a standout, outperforming other assets amid increased demand in the crypto market.
Cardano’s Rise and Retail Interest
- According to Santiment, ADA's price surged over 25% in three days, attracting retail interest. CoinMarketCap data shows ADA up 29% for the week, including a 19% jump in the past 24 hours, making it the top performer among the top 10 #cryptocurrencies. Trading at $0.4348, ADA has broken past key resistance levels, showing strong bullish momentum, with a potential target of $0.8087.
- Increased whale activity and network usage have supported ADA's rally. Cardano recorded 37,892 unique address transfers and nearly 700 high-value transactions, reflecting rising interest in the network.
Cardano Summit Announcements
- The recent Cardano Summit in Dubai introduced key developments: Liechtenstein-based LCX will support Cardano tokens, and BitcoinOS’s Grail Bridge will connect Bitcoin with Cardano’s smart contracts, enhancing interoperability. Additionally, USDM, a Cardano-native #stablecoin , received approval under the EU’s MiCA framework, furthering Cardano's regulatory support and ecosystem growth.
- ADA currently ranks as the 9th largest cryptocurrency, with a market cap of $15.3 billion, aiming to surpass Dogecoin in the 8th spot.
BlackRock’s spot Bitcoin ETF recorded a major milestone, surpassing $1 billion in daily inflows for the first time since its launch in January.
The world's largest asset manager, BlackRock, saw $1.1 billion pour into its Bitcoin ETF (#IBIT ) on Nov. 7, marking a record trading day as Bitcoin surged to new all-time highs. This comes after two days of outflows totaling $113.3 million, as reported by Farside.
Bitcoin Hits New Highs
- On the same day, Bitcoin hit nearly $77,000, reaching $76,943 according to CoinMarketCap. IBIT’s inflows made up nearly 82% of the total $1.34 billion inflows into U.S.-listed Bitcoin ETFs, with Fidelity’s Wise Origin Bitcoin Fund attracting $190.9 million and the ARK 21Shares Bitcoin ETF following with $17.6 million.
- Crypto enthusiasts anticipate further momentum, with crypto trader "The Bitcoin Therapist" telling their 141,400 followers to “expect another massive day tomorrow.” Analyst Rajat Soni also shared the excitement with his 100,400 followers, urging them to “buckle up,” while commentator Zia ul Haque welcomed what he calls “PumpVember.”
Historic Trading Volumes
- Bloomberg ETF analyst Eric Balchunas expressed surprise at the inflows, calling it the “biggest one-day flow of any Bitcoin ETF ever” in a Nov. 7 post. He noted that IBIT had already seen $1.1 billion in trading volume within the first 20 minutes after the market opened following Donald Trump’s re-election.
💥💥💥 $BNB Price Poised for Surge: Is It the Next Big Crypto Mover?
BNB price is consolidating near the $600 mark and may be preparing for another attempt to climb above $605.
Key Points:
- BNB recently started a correction from the $612 resistance level.
- The price remains above $590 and the 100-hourly simple moving average.
- A bullish trend line with support near $595 is forming on the hourly BNB/USD chart (Binance data).
- To continue its uptrend, BNB must hold above the $588 support level.
BNB Price Holds Key Support
- After breaking past $585, BNB continued to rise, but gains were capped at $610, falling short of the recent rallies seen in Bitcoin and Ethereum.
- The price briefly dipped under $605 and $600, touching the 23.6% Fib retracement level from the $543 low to the $611 high. Despite this, BNB is holding steady above $580, trading around $595 with support from the 100-hourly simple moving average and a key trend line.
- A fresh upswing may face resistance at $605, with further obstacles at $612. A strong push beyond $612 could drive BNB towards $620, and a close above that level might lead to a larger rally to the $632 resistance. Additional gains could even see BNB approaching $650 in the short term.
Potential Downside
- If BNB struggles to break the $605 resistance, it may decline. Initial support lies near $595 and the trend line, with major support at $578 (50% Fib level of the $543 to $611 rise). A breakdown below $570 could see BNB fall toward $560, with potential losses extending to $550.
Technical Indicators:
- Hourly MACD: Slowing in the bullish zone.
- Hourly RSI: Currently below 50, indicating slight bearish pressure.
🚀🚀🚀 #bitcoin☀️ Hits New High Above $76,000 Following #Trump's Victory
Bitcoin markets surged today, hitting a new all-time high after Donald Trump secured a second term as U.S. president. The leading cryptocurrency reached approximately $76,500 this afternoon, according to Coinbase data on TradingView.
Several analysts attributed this rally to Trump’s reelection. Tim Enneking, managing partner at Psalion, highlighted the strong link between Bitcoin’s price movements and the election outcome. “It’s rare to see such a direct cause-and-effect relationship in public markets,” Enneking noted. “As Trump gained votes, BTC rose; when Harris gained votes, BTC fell.”
Brett Sifling, an investment advisor at Gerber Kawasaki Wealth & Investment Management, echoed this view, stating that “These gains in Bitcoin are largely a result of Donald Trump’s victory.” Sifling added that many market participants viewed the election outcome as favorable for crypto, pointing to Trump’s pro-crypto stance and commitment to bolstering America’s crypto position.
“Trump’s enthusiasm for blockchain is evident, from his #NFT drop to launching his own coin,” Sifling continued, emphasizing Trump’s interest in integrating Bitcoin into the financial system. Looking ahead, several experts shared their price projections. Alice Liu, head of research at CoinMarketCap, expressed optimism. “Analysts are predicting Bitcoin could hit $80,000 or even $90,000 in the wake of Trump’s win, with confidence in a more crypto-friendly environment growing,” she stated.
Greg Magadini, director of derivatives at Amberdata, provided additional insights, referencing Deribit’s options market data. “Dealer positioning suggests $BTC could settle between $80,000 and $90,000 by year-end,” Magadini noted, although he added that the chance of hitting $100,000 by year-end is currently priced at just 7%.
Ethereum's ecosystem is undergoing significant changes, as highlighted by Leon Waidmann of Onchain Insights. Ethereum staking has reached an all-time high, with exchange reserves hitting record lows, suggesting a potential supply squeeze that could drive ETH’s price higher. As of now, Ethereum is priced at $2,820, reflecting a 9.26% increase in the past 24 hours.
Staking Surge and Falling Exchange Reserves
- Ethereum 2.0 staking has surged, with more ETH being locked in staking contracts. This reduces the supply of ETH available for trading on centralized exchanges, easing selling pressure and setting the stage for a potential price rally. Additionally, the significant outflow of ETH from exchanges points to growing investor confidence, further supporting the bullish outlook.
Derivatives Market Activity Soars
- Ethereum’s derivatives market is experiencing a 116% surge in trading volumes, reaching $52.69 billion. Open interest also rose by 11%, signaling increased market engagement and speculative activity. Bullish sentiment dominates, with long positions outnumbering short ones on platforms like Binance and OKX. Despite volatility and liquidations, the derivatives market signals potential short-term price moves.
On-Chain Data: Mixed Signals
- On-chain data offers a mixed outlook. Only 29% of ETH holders are in profit, while 64% are in the red. However, large holders, controlling 92% of the supply, remain active. High-value transactions totaling $6.83 billion were recorded last week, highlighting continued whale activity. The ongoing outflow of ETH from exchanges, amounting to approximately $34.61K, indicates growing confidence in Ethereum’s fundamentals.
- Analysts at Changellyblog project that by December 2024, Ethereum’s price may stabilize within a range of $2,820 to $2,864. The average trading price for that month is anticipated to be around $2,842.
The idea of using Shiba Inu (SHIB) as a gas token on Ethereum has sparked debate within the community, with some seeing potential in the concept while others remain skeptical.
Shiba Inu as a Potential Ethereum Gas Token
- A community member named “Lola” proposed on X that integrating SHIB as a gas token on Ethereum could significantly boost its price. According to Lola, utilizing SHIB as an alternative gas token—alongside Ethereum ($ETH )—could drive up SHIB’s value through an automatic burn mechanism, gradually reducing its supply & potentially increasing scarcity. She compared it to Solana’s model, where half of the transaction fees are burned, adding to the token’s long-term value.
- Lola suggested that if SHIB were to operate as a gas token on Ethereum with a similar burn mechanism, the high transaction volume could decrease SHIB’s supply and, over time, help push its price closer to $0.01. However, this idea has been met with mixed reactions. While some in the community are optimistic, others argue that focusing solely on a burn mechanism for SHIB might be more feasible.
Challenges of a Dual-Token System on Ethereum
- Using SHIB as a gas token on Ethereum would be challenging due to ETH’s role in its PoS consensus & network functions. Transitioning to a dual-token model would require significant modifications & pose technical & security risks. While projects like VeChain and #makerdao use dual tokens, these were designed from inception, unlike Ethereum, which relies on ETH for gas fees.
A Focus on Shibarium
- Others in the SHIB community have suggested focusing on increasing transaction activity on Shibarium, a layer-2 solution that already incorporates SHIB-burning mechanisms. When Shibarium saw a spike in transactions last year, SHIB’s burn rate rose substantially, making it an attractive option for those looking to reduce SHIB’s supply without altering Ethereum’s core structure.
👉👉👉 Crypto Market Soars by $200B Overnight as Bitcoin ($BTC ) Hits New All-Time High
With Donald Trump appearing likely to reclaim the White House, the cryptocurrency market saw a strong surge, pushing nearly all assets higher by impressive percentages.
Bitcoin Reaches a New All-Time High
- Bitcoin (BTC) finally broke past its previous all-time high from March of $73,737, which it approached last Tuesday before dropping below $67,000 over the next several days. This price movement was closely tied to the U.S. presidential election, and as Trump – a self-declared pro-crypto candidate – gained a significant lead, Bitcoin’s price responded sharply. It rocketed from $69,000 to a new record of $75,358 (per CoinGecko), triggering over $500 million in liquidations for over-leveraged short traders. BTC’s market cap now exceeds $1.46 trillion, placing it back among the world’s top 10 financial assets by market cap, though it has since stabilized around $74,000, maintaining a dominance near 57%.
- After a quiet period, altcoins have rallied with notable performances from major assets. Solana ($SOL ) surged to $185, overtaking Binance Coin ($BNB ) as the fourth-largest cryptocurrency by market cap. Dogecoin (DOGE) led the day’s gains, potentially influenced by Elon Musk’s connection to Trump, jumping to $0.20. Other standout gainers included SUI, FET, APT, KAS, AAVE, and several meme coins.
- The total market cap of all #Cryptocurrencies has added over $200 billion since yesterday, reaching $2.57 trillion, as tracked by CoinGecko.
🔥🔥🔥 Shiba Inu ($SHIB ) Reaches 30-Day Peak: Is a New All-Time High on the Horizon?
Shiba Inu (SHIB) shows strong bullish momentum, recently hitting a notable 30-day high. This upward trend, which began in mid-October, has drawn investor interest as SHIB trades above a key trendline support. Increased buying volume reinforces this bullish sentiment, suggesting sustained demand.
Currently, SHIB faces resistance around $0.00001900—a level that has previously blocked further gains. Breaking above this resistance with strong volume could clear a path for SHIB to approach its all-time high (ATH). Failing to surpass this level, however, may lead the asset to retrace to support near its 50-day moving average.
The broader crypto market is also gaining strength as political uncertainty eases after the recent U.S. midterm elections, with investors growing more open to risk. This favorable environment could support assets like SHIB, as many expect further growth following this period of reduced geopolitical tension.
For SHIB to continue its rally, it must maintain high volume and decisively break through local resistance. Success here could propel SHIB into a new growth phase, potentially revisiting levels not seen since its last bull run. However, traders should watch for any signs of weakening momentum at resistance points, as these could signal a temporary pullback. Overall, SHIB’s recent performance is promising, but a sustained breakout is needed to confirm its path toward ATH.
💥💥💥 $XRP Targets $1 with Election Patterns Suggesting a Potential Breakout
XRP’s price trajectory seems to echo patterns seen in previous U.S. election years, hinting at a potential breakout. Major investor confidence & platform support are on the rise, which could push XRP above the $1 mark.
Market patterns for XRP are aligning with historical election-year trends, showcasing price compression & consolidation that often precede a breakout. Similar technical signals were observed during past election cycles in 2016, 2020 & now in 2024, leading analysts to anticipate substantial post-election growth. In previous election years, XRP has consistently formed higher lows, establishing solid price floors during these periods.
With the 2024 election approaching, technical analysts are closely monitoring these trends, speculating that a post-election rally could propel XRP beyond the critical $1 threshold.
Beyond the Election: XRP’s Long-Term Outlook
- In addition to these trends, institutional interest & regulatory clarity are also supporting XRP's outlook. Major firms like Bitwise, 21Shares, and Canary have recently filed for XRP-focused ETFs, indicating rising confidence in XRP's future. These ETF applications reflect the financial sector's growing interest in offering XRP-based products tailored to institutional investors who see strong potential in Ripple’s ecosystem.
- Furthermore, a recent court ruling affirming XRP as a non-security has boosted liquidity & accessibility, with numerous U.S. exchanges re-listing XRP. #Bitnomial ’s launch of XRP futures marks another significant milestone, enabling more diverse investor participation in the XRP market.
- With these factors converging, optimism is building around XRP’s future. While the #SEC’s appeal remains a factor, analysts believe XRP's regulatory clarity could foster greater stability & growth potential.
- If historical patterns & current indicators align, XRP could once again see a post-election rally, potentially pushing it past the $1 mark.
With Bitcoin ($BTC ), Ethereum ($ETH ), Tether (USDT), and USD Coin (USDC) collectively holding around 80% dominance in the cryptocurrency market, we may be approaching a pivotal shift. This core group’s dominance historically peaks near 82%, suggesting we could see a reversal by year-end after one more push to this resistance level.
If dominance of these major assets begins to ease in 2025, it could pave the way for altcoins to gain traction—especially Dogecoin, Shiba Inu, and Cardano. Bitcoin and Ethereum’s substantial market share has often overshadowed smaller altcoins, but when their dominance recedes, capital tends to flow into alternative cryptocurrencies, sparking what’s known as “altcoin season.”
This shift could be particularly beneficial for well-established altcoins with strong communities. Both Dogecoin and Shiba Inu, for example, have a history of community-driven rallies, frequently fueled by social media and celebrity endorsements. Dogecoin (DOGE) shows signs of potential recovery following a recent decline, especially if investor sentiment leans toward riskier assets as BTC dominance diminishes.
Similarly, Shiba Inu ($SHIB ) could experience a resurgence if the market momentum turns toward meme-based and community tokens, supported by SHIB’s active user base and ecosystem developments. Cardano (ADA), on the other hand, is positioned as a strong contender with its focus on scalable solutions and sustainable growth. As ADA stabilizes and more DeFi projects and smart contracts launch on its network, a decline in BTC and ETH dominance could give Cardano the boost it needs to break out of its current range.
- Ethereum dropped below key levels at $2,450 and $2,420, testing support around $2,350 with a low of $2,357. It then attempted a recovery, rising past $2,385 and reaching the 23.6% Fibonacci retracement level from its $2,583 swing high to the $2,357 low.
- Currently, Ethereum is trading below $2,500 and the 100-hour Simple Moving Average. The new bearish trend line at $2,445 poses an obstacle to upward movement. The first major resistance is around the $2,470 level, which corresponds to the 50% Fibonacci retracement of the decline from the $2,583 high to the $2,357 low.
- The primary resistance level now sits at $2,500. A definitive move above $2,500 could propel the price towards the $2,550 resistance. If this level is cleared, Ethereum might see further gains, potentially rising toward the $2,620 zone.
Potential for Another Decline in ETH?
- If Ethereum fails to break through the $2,445 resistance, it may experience another decline. Initial support is near the $2,380 level, with major support around the $2,350 zone. A drop below $2,350 could lead to a decline towards $2,285, with further losses possibly extending to the $2,220 support level, and the next key support at $2,150.
Technical Indicators
- Hourly #MACD : Losing momentum in the bearish zone.
💥💥💥 #XRPPrice Prepares for Major Shift: Is a Breakout Imminent?
The XRP price is currently holding strong above the $0.500 support level, consolidating as it prepares for a potential upward move, even as Bitcoin trims recent gains.
- XRP is targeting a rise above the $0.5100 zone.
- The price trades below $0.5095 and the 100-hour Simple Moving Average.
- A bearish trend line is forming with resistance near $0.5090 on the hourly XRP/USD chart (Kraken data).
- A sustained move above the $0.5135 resistance could trigger bullish momentum.
XRP Price Eyes an Upside Break
- After slipping below the $0.5000 support, XRP saw limited losses—less severe than those of #bitcoin☀️ and Ethereum. A low at $0.4948 prompted a recovery, with the price climbing back above $0.4985 and $0.500, clearing the 50% Fibonacci retracement level from the $0.5137 high to the $0.4948 low.
- Currently, XRP remains under $0.5100 and the 100-hour Simple Moving Average. Immediate resistance is anticipated at $0.5065, or near the 61.8% Fibonacci retracement level of the recent drop. The first significant resistance is at $0.5090.
- The next key resistance lies at $0.5135; a clear break above this level could propel XRP toward $0.5200. Continued gains could see the price reach $0.5250 or even $0.5265, with a major resistance at $0.5350.
Potential for Another Decline?
- If XRP struggles to overcome the $0.5090 resistance, it may dip again, with initial support at $0.500. The next major support sits around $0.4950. A close below $0.4950 could lead to further declines, possibly toward the $0.4880 support, with a more significant floor near $0.4740.