Do you think Ripple can surpass Ethereum? This is a fan's question. To cut to the chase, it's impossible. Ripple's payment philosophy has been around since the same time as Bitcoin or even earlier, but Bitcoin is the one that made it as a cryptocurrency. Ripple has always positioned itself as a digital currency and doesn't have such high requirements for decentralization. Ripple has been focused on payments, and when it comes to the payment sector, Bitcoin and Ripple are definitely the leaders.
What about Ethereum? Ethereum is focused on platform-related matters, dedicated to updating technology and optimizing applications. Many projects surrounding Ethereum are following the overall development of the Ethereum ecosystem. In the realm of smart contracts, it’s said that no one dares to claim the second position. A big tree shouldn't only be assessed by its lush branches and leaves but also by whether its roots are deep and strong.
So how do you view the future market? To be honest, in the first half of the year, I set a strategy for myself at $100,000 for Bitcoin, and I would clear all my altcoins to escape at the top. Now, if I were to liquidate everything, it wouldn’t be escaping at the top but rather taking a loss. Those who can relate are welcome to discuss in the comments section.
Back to today’s daily market analysis: From the K-line perspective, the hourly level is sideways, the 4-hour level is also sideways, the 12-hour level is sideways, and the daily level is consolidating sideways. The intraday resistance level is $102,560, and the support level is $97,508.