$XRP
The price of XRP has really gone crazy, with its market capitalization approaching a trillion! After Trump took office, XRP surged significantly like a Trump concept coin in the short term, becoming the third largest cryptocurrency by market value. In fact, this is not without reason, as XRP, being a payment application, has strong practical uses. Moreover, XRP has also shed the long-standing lawsuits and gained the support of pure American 'bloodline,' with rumors even suggesting it will become the 'divine chain' that Trump uses to challenge the current government.
Today, XRP's trading volume has surpassed the total of Bitcoin and Ethereum combined. When similar situations occur, they are usually accompanied by severe market fluctuations, either soaring or plummeting.
On the other hand, the NFT market began to recover over the weekend, and with Ethereum's rise, small images are also gradually bouncing back. Although it is still in the ice-breaking phase, it has not completely warmed up yet.
JTO will unlock approximately 135 million tokens on December 8, accounting for about 103% of the current circulation, valued at approximately $507 million, which will have a certain impact on the market.
From the trend of Bitcoin, the current situation is very similar to the end of March last year. If Bitcoin fails to break through the current price level again, it may face a pullback of 6-8%. However, this pullback may not break through the $90,000 mark. Therefore, overall, the market is still in a consolidation range, and altcoins are expected to see a wave of corrective gains.
Currently, altcoins are entering a festive season, and in the short term, there may be some coins that fluctuate repeatedly, such as strong coins like XRP, which are not easily crashed by short-term pullbacks. However, it is also not advisable to chase highs; it is better to wait for larger targets to emerge. Investors who have already positioned themselves in coins such as BONK, DOGE, XRP, WIF, APT, OP, etc., can continue to pay attention. The upcoming focus will be on the opportunistic gains of altcoins, avoiding blind following. If you want to achieve higher returns in a bull market, now is the best time.
Personally, I am quite optimistic about puppies, with addresses holding above 14k, a strong community of diamond hands, and great cohesion. With Musk's support, it is very likely to be another golden dog.