This week, let’s talk about the performance of cryptocurrencies such as XRP, ADA, DOGE, SHIB, and Sui.
Ripple XRP has been very popular recently. It has risen by 47% in just one week and is getting closer and closer to the $1 mark. This momentum has simply stepped on all the difficulties and is now firmly at a high of $0.92. However, don't get too excited. After all, it has risen so fast, and it may pull back a little to give buyers a breather before continuing to rush up. I am optimistic about XRP and think it will soon reach $1, and maybe even reach the peak of nearly $2 in 2021!
Let's talk about Cardano ADA. It started November with a strong momentum and continued to soar this week, up 41%. Although it has not yet reached the key position of $0.6, I think it is only a matter of time before it breaks through. Once it breaks through, the next target will be $0.7, and the price will return to the high point in March this year. Although fewer people have bought it recently, the rise is still fierce, and it is expected to hit $1 in the future, or even touch its historical peak of $3!
Dogecoin DOGE also shined this time, rising 90% in a week, which is simply astonishing. Now, everyone's attention is focused on Dogecoin again. Looking at its rising trend, it is simply a star in the bull market. Now it is trying to break through the $0.4 level. Once it succeeds, the historical peaks of $0.5 and $0.74 will be no problem. As an old meme coin, Dogecoin will definitely be popular again this time!
Shiba Inu coin SHIB is not to be outdone, rising 26% in a week, just a little bit away from the key position of $0.000025. Looking at this rising trend, this position is estimated to be unable to hold for long. Although the price has slightly adjusted now, it should be able to find support around $0.000022. The trading volume has also increased a lot, which is a good sign. In the future, if SHIB breaks through the current resistance, then $0.000030 and $0.000045 will be no problem, and the price will be able to return to the high point in March this year.
Finally, let's talk about Sui, the rookie. This week, it set a new record, up 45%, directly reaching $3.5! This is simply the rhythm of price discovery, which is comparable to the rise of Bitcoin last week. Now the key resistance level is $3.4. If buyers can continue to exert their strength, then $4.1 and $5.2 are not a problem. Of course, if there are more sellers, around $3 is also a good support level. As one of the few altcoins that has set a new record in this cycle, Sui is now attracting much attention and will definitely become a popular choice in this field in the future!
The copycats are ready to move. I plan to ambush a potential coin that is ready to explode. It is very easy to double it. At the same time, I also plan to find some potential coins to hold by the end of the year. It is expected that there will be no problem in increasing the space by more than 10 times. If you like spot or contracts, please like and leave a message to keep up with my pace.
