Ripple (XRP)
#toncoinSeptiembre


Project Information: Ripple is a digital payment platform and cryptocurrency designed to facilitate fast and cheap global money transfers. It uses a distributed ledger called the XRP Ledger (XRPL) to enable real-time transactions between different currencies. Its main goal is to improve the efficiency and speed of money transfers between banks and other financial institutions.



Recent Price Movements: As of September 2024, XRP is trading around $0.55, with a 10% increase over the past month. This growth is partly due to the increasing adoption of Ripple by financial institutions and the resolution of legal issues.



Future Price Predictions: XRP is projected to reach $0.65 by the end of September, driven by Ripple’s continued integration into the financial sector and strengthening of its partner network.







Aevo (AEVO) Information and Recent Price Movement





Aevo (AEVO) – Aevo is an Ethereum-based decentralized derivatives exchange designed to provide a secure and transparent platform for trading financial derivatives in the decentralized finance (DeFi) space. It aims to enable users to have full control over their assets and operate in a decentralized environment.



Recent Price Movement: Aevo (AEVO) is currently trading around $0.311 with a market cap of approximately $270.74 million. The price has shown typical cryptocurrency market volatility, with significant fluctuations over the past year.



Technical Trends:



50-Day Moving Average: $0.35200-Day Moving Average: $0.30Relative Strength Index (RSI): Around 55, indicating a neutral condition in the market.

MACD (Moving Average Convergence Divergence): In positive territory, suggesting a possible bullish momentum.

Stochastic Oscillator: Currently at 65, indicating a neutral condition.

Bollinger Bands: AEVO is within the bands, suggesting that the price is trading within a normal range of volatility.



Future Perspectives:



2024: AEVO is projected to reach around $3.75 by the end of 2024, with the potential to drop to $0.03862 in a downside scenario.

2025-2027: Projections suggest that AEVO could reach $5 by 2026, driven by the adoption of blockchain technology and the growth of the DeFi sector.

2028-2030: AEVO is projected to reach $10 or $15 by 2030, as long as it continues to grow and expands its ecosystem within the blockchain market.



Although Aevo shows significant growth potential in the DeFi space, it is important to consider the high volatility and risks inherent in the cryptocurrency market. Projections should be taken with caution and consider external factors that may influence the development and adoption of AEVO’s technology.





Project Information: Toncoin (TON)





Toncoin (TON) is the native token of the Telegram Open Network blockchain, developed by the Telegram team. It aims to provide a high-speed, low-cost platform for decentralized applications (dApps) and smart contracts. The TON network aims to be an efficient and scalable solution in the cryptocurrency space, with strong backing from Telegram and its founder Pavel Durov.



Recent Price Movements:



Recent Drop: Since the arrest of Telegram CEO Pavel Durov in France, the price of TON has dropped by more than 25%. This event has caused a period of uncertainty and volatility in the market.

Current Consolidation: Over the past 20 hours, the price of TON has been consolidating in a tight range between $5.10 and $5.24. Currently, the token is trading near $5.20, with a recent drop of over 2% over the past 24 hours.

Volume and Activity: Despite the drop, trading volume is up 25% over the past 24 hours, suggesting increased interest from traders. However, open interest is down 2%, which could reflect some caution in the market.



Future Price Predictions:



Support and Resistance: Technical analysis indicates that TON is at a critical support level of $5.08. If the token breaks out of the current consolidation zone and surpasses $5.30 on a 4-hour candle, a 15% price increase could be anticipated, reaching around $6.

Relative Strength Index (RSI): The RSI is in oversold territory, which could signal a possible reversal from a bearish trend to an uptrend.



In summary, Toncoin (TON) is in a critical phase. Although it is facing recent bearish pressure, technical and on-chain signals suggest a possible opportunity for a recovery and price increase, provided it breaks through the current resistance barriers.







Project Information: Dogecoin (DOGE)





Dogecoin (DOGE) is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a joke based on the popular Shiba Inu dog meme. Despite its humorous origins, Dogecoin has gained a considerable fan base and has been used to fund charitable causes and community projects. Although it does not have a specific use case compared to other cryptocurrencies, its popularity and media attention have boosted its price on several occasions.



Recent Price Movements:



Volatility and Decline: In August 2024, DOGE experienced high volatility, with several drops in the OI-weighted funding rate. This indicates that traders are betting against DOGE, anticipating a price drop.

Futures Open Interest: DOGE futures open interest has been declining since April, reflecting a lower willingness of traders to take on new positions. This drop in open interest suggests a lack of confidence in the market and could lead to further price fluctuations, especially on the downside.



Future Price Predictions:



MVRV Ratio: The MVRV (Market Value to Realized Value) ratio has been declining, indicating that DOGE’s market value is approaching its realized value. This could increase selling pressure as holders who are close to their breakeven points may decide to sell to avoid losses.

Bearish Technical Patterns: DOGE is forming a descending channel pattern, with a possible downside target of 25% from current levels. Moreover, the descending triangle pattern also suggests a possible significant downside of 58%, with a price target around $0.042 if the pattern breakout is confirmed.

External Factors: While a possible rate cut by the Federal Reserve and the upcoming US elections could provide a short-term boost, these factors may not be enough to counter the prevailing bearish trends. Loss of confidence among retail investors and negative technical patterns suggest that the overall trend is down.



In summary, the outlook for Dogecoin in September 2024 looks challenging. The combination of a negative funding rate, declining open interest, and bearish technical patterns indicate a high probability of a price drop. Although external factors could provide a temporary boost, the overall picture suggests that DOGE could face difficulties in the short to medium term.







Ethereum Project Analysis





Ethereum is a decentralized blockchain platform that allows developers to create and run smart contracts and decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), is used to pay for transactions and contracts within the network. Since its launch in 2015, Ethereum has been one of the leading platforms in the cryptocurrency space due to its ability to support a variety of applications and contracts.



Recent Price Movements



Recently, Ethereum has been showing a significant bearish trend. After a rejection at the resistance levels around $2,600 and $2,700, the ETH price has continued its decline towards the support zone at $2,100. This drop has been reinforced by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average, a technical pattern that usually signals a potential for price declines. The price has also broken the lower boundary of a wedge on the daily chart and moved towards the 0.5-0.618 Fibonacci retracement levels.



Future Price Predictions



Technical analysis suggests that Ethereum is approaching critical support in the $2,100 to $2,067 range, which could offer significant resistance and lead to a short-term sideways consolidation. If the price finds demand at this level, we could see a pause in the current downtrend, with a possible consolidation phase.



However, if the support at $2,100 breaks, ETH is likely to continue its decline towards the $1,800 level, which could trigger a broader sell-off event.



In the long term, for Ethereum to regain a sustained bullish trajectory, it will be crucial to see an increase in the number of active addresses and overall network participation. An increase in user activity and transaction volume could signal renewed interest and a potential price recovery.





In summary, Ethereum is facing significant bearish pressure with the risk of a deeper correction if the support at $2,100 fails to hold. The key to a potential bullish reversal will be a resurgence in user activity and an improvement in market sentiment. The next few days will be decisive for the future direction of ETH price.




This article has content from late August to September 7 and I wrote it in a simple way and with information about the projects, for new users.