A strong indication of a bull market is upon the crypto space, evident from the surging prices of top altcoins and the frontrunner crypto Bitcoin. XRP, after years of legal battles and stagnancy, seems to have gained momentum as well, thanks to the current market sentiments.
Alongside speculation for a massive XRP pump, investors have also been patiently waiting for Bitcoin to finally cross the $100k mark. This anticipation has resulted in the number of investors surging as well, with a majority looking for projects to make huge profits on.
How Long Till XRP Hits $2?
The market conditions have already been bullish, and XRP seems to have been announcing major developments one after the other. The mix of this may have heavily contributed to the pump that it has been recording up until now. The past two weeks also experienced a massive surge in whale activity, with a majority of top buyers restocking up on more and more XRP tokens.
Santiment, the popular research company had shared in October that the number of XRP wallets had suddenly jumped too. Its data also showed that within a period of 7 days, the whales had managed to increase their holdings by over 700 million XRP tokens.
XRP has also been very active in various countries and seems to be in talks about being adopted as part of digital country stablecoins. One example is India, as The Reserve Bank of India (RBI), India’s central bank, recently confirmed a partnership with Ripple Labs for its Digital Rupee initiative. RBI will use Ripple’s XRP Ledger and the firm’s expertise in blockchain technology and cross-border transactions to enhance the Digital Rupee’s efficiency and security.
At the time of writing, the token is priced at around $1.7 and has been on a continuous uptrend. The RSI shows that XRP is in severely overbought territory, sitting at more than 97 points right now. A healthy correction may be speculated, but if the dominance of BTC does go down further, then it may not be surprising to see altcoins as a whole gain more strength and pump, with XRP also being a part of the pumping tokens.
The token is yet to see another gain of more than 15% to reach its $2 mark, which would put the total market cap of the token at more than $110 billion from its current $97.5 billion range. Either way, investors seem bullish on the token, with many analysts predicting a $2 target for the token before the end of 2024.
Will Bitcoin Cross $100k This Week?
This is a question that has been on every investor’s mind recently. After it managed to cross the $99k range last week, investors were confident of the $100k barrier being broken. But instead, BTC saw a massive correction, dropping as low as $90k within a matter of days. Since then, it has regained strength, but there still seems to be strong trading activity that has been affecting its movements.
The Bitcoin liquidation heatmap recorded significant clusters near $100,000 as well as $95,000. These levels represent areas where leveraged long and short positions are concentrated, attracting traders aiming to trigger liquidations for profit. The chart shows a steady upward trend, with consolidation between $95,000 and $100,000. Both long and short positions have a strong presence, but one barely exceeds the other. The likelihood of Bitcoin thus seems to fall mostly on market sentiment.
Reaching $100,000 depends on market momentum overcoming current resistance. The high liquidity at $100,000 could lead to either a breakout, fueled by bullish sentiment, or a pullback due to profit-taking and selling pressure. A breakdown below $95,000, however, could trigger a cascade of liquidations, driving the price lower.
It is possible that if Bitcoin sustains its bullish trajectory, $100,000 could be tested within days, especially with strong macroeconomic or crypto market catalysts. Austin Hilton, a veteran crypto analyst, also shared in one of his YouTube videos that the possibility of Bitcoin seeing massive growth in the coming days is possible. He also speculated that XRP’s current momentum may stay intact and that it may cross the $2 range to explore higher territories in the coming weeks.
Investors Seek Small-Cap Gems
The possibility of a bull market has created a sense of anticipation among the wider investing citizenry. This has led to a majority of them being on the hunt for projects that may possibly pump 10x or even 100x, which during a bull cycle is often possible.
Two trending options that there seems to be a lot of attention on are:
Pepe Unchained
Pepe Unchained is an innovative crypto project that builds upon the iconic Pepe meme, introducing an advanced ecosystem with its own blockchain. Designed to elevate the memecoin concept, Pepe Unchained incorporates Layer 2 (L2) capabilities for faster transactions and lower fees, addressing scalability issues common in the space.
This enhanced iteration of Pepe brings a more utility-driven approach, leveraging its blockchain to support decentralized applications (dApps) and offering robust security through its infrastructure.
Several major crypto websites and YouTube channels, including 99Bitcoins, have picked up the project to promote it as one of the biggest and possibly the most successful memecoin launches this year.
It is one of the most successful memecoin presales at the moment, having raised more than $58 million in its presale that is almost about to end. With instant bridging capabilities, low transaction fees, and other features, this new way of being a Pepe enthusiast has struck a chord with many, leaving PEPU, its native token, as a highly sought-after token right now.
Catslap
Catslap is a hilarious and innovative cat-themed memecoin that captures attention with its playful “slap” concept. At its core is the Slapometer, a unique mechanism rewarding users for participating in “slaps,” creating an engaging and gamified experience. Developers have ambitious plans to enhance this feature, bringing more interactive elements to the ecosystem. Cat-themed memecoins are trending, and Catslap stands out with its humor and creativity.
Currently, in its low-cap phase, Catslap is priced at just $0.0028, making it an attractive entry point for investors. It gained significant traction during its fair launch without a presale, emphasizing transparency and inclusivity.
Endorsed by popular crypto YouTubers like ClayBro and others, the project’s likelihood of pumping is being speculated by many to be quite high. With its strong theme, rewards system, and future plans, Catslap is positioned as an exciting crypto worth exploring right now.
While XRP and Bitcoin do seem to be getting ready to shoot up and achieve the closest speculated targets, these memecoins could also be great additions to one’s portfolio, especially if they are looking to capitalize on early-stage projects with low market caps.
