The post XRP Price Prediction For November 21 appeared first on Coinpedia Fintech News

Ripple’s XRP is currently trading in green and is up by more than three percent in the last 24 hours. The altcoin is trading between the $1.06 and $1.15 range. XRP’s bullish momentum is partly supported by the speculations about SEC chair Gary Gensler’s resignation. According to reports, President-elect Donald Trump is considering a crypto-friendly chairman to replace Gensler. However, XRP’s ATH sits at $3.30 and it remains to be seen if the bulls will hit that mark before the end of this year. Here’s a price analysis by analyst Josh of Crypto World:

Current Price Action 

XRP is currently trading between a golden pocket and the 78.6% Fibonacci level on the weekly chart. The 78.6% Fibonacci level, acting as strong resistance, is around $1.30. However, resistance starts at $1.26 and goes up to $1.30.

Support Zone 

Support for XRP is located between $0.94 and $1.00, where a previous resistance level is now acting as support. If the price pulls back, expect support in this range.

Bullish Breakout Scenario 

A confirmed breakout above $1.30 could drive XRP back towards previous highs around $1.70 to $2. This is a critical level to watch for a potential upward move.

Short-Term Price Pattern 

XRP is forming a pattern similar to Cardano’s. If XRP breaks resistance at $1.14, it could see a bullish continuation, targeting $1.35. However, if support at $1.08 is broken, the price could fall to around $0.91 to $0.92, marking a potential 15% decline.

Bitcoin Comparison 

Looking at XRP/BTC on the weekly chart, XRP might repeat the pattern seen in early 2021—a double bottom that led to a significant rise. If this pattern repeats, XRP could double in value against Bitcoin, potentially seeing gains of over 100%.

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Ethereum (ETH) has consolidated since November 12, when it hit a local high of $4,446. Despite Bitcoin’s impressive rally capturing market attention, Ethereum has struggled to maintain upward momentum and reclaim its yearly highs. The price action reflects a period of indecision, as ETH faces challenges in breaking through significant resistance levels that could reignite bullish sentiment.

While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout. Notably, Carl Runefelt, a prominent crypto analyst, recently shared a technical analysis suggesting that ETH is on the verge of a major move.

According to Runefelt, Ethereum must push above a key resistance level to trigger a breakout and rejoin the broader market’s bullish trend.

As the second-largest cryptocurrency by market cap, Ethereum’s next steps will be crucial for traders and investors watching the market closely. A breakout above resistance could signal the start of a new upward phase, while continued consolidation might test the patience of market participants. With technical signals aligning and speculation building, Ethereum’s price action in the coming days will likely set the tone for its performance in the weeks ahead.

Ethereum Prepares To Surge

Ethereum has been underwhelming in its price action since March, struggling to keep pace with Bitcoin’s performance. Despite a few notable surges, ETH has yet to achieve the breakout investors eagerly anticipate. 

Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed

The prolonged consolidation has frustrated some traders, but an optimistic sentiment remains among those who believe Ethereum is poised for a significant rally once it clears key supply levels.

Top crypto analyst Carl Runefelt recently shared his technical analysis on X, highlighting Ethereum’s current position within a bullish flag pattern. According to Runefelt, ETH has attempted to break out of this formation for the past two weeks, facing stiff resistance at critical supply zones. However, he remains confident that it could rapidly surge to $4,150 once Ethereum breaches this level.

Such a move would mark a substantial percentage increase from current prices, sparking a wave of investor enthusiasm. The fear of missing out (FOMO) could drive additional buying momentum, creating a self-reinforcing price appreciation cycle. If ETH follows this trajectory, it would confirm the bullish flag breakout and signal Ethereum’s return to a dominant position in the crypto market.

ETH Price Action: Technical Details 

Ethereum is trading at $3,120 following several days of sideways consolidation below its recent local high of $3,446. Despite the pause in upward momentum, ETH has shown strength by surging above the critical 200-day moving average (MA), currently at $2,957, and maintaining its position above this key technical indicator.

The 200-day MA is often a pivotal line between bullish and bearish trends. Ethereum’s ability to stay above it signals robust support from buyers and growing confidence in the market. If ETH continues to hold this level, it could pave the way for a bullish surge, with the first target being the local top at $3,446.

Beyond that, a break above this resistance level could see ETH aiming for yearly highs near $4,000, reigniting enthusiasm among traders and investors. Such a move would likely confirm Ethereum’s return to a sustained uptrend, aligning it more closely with Bitcoin’s recent bullish performance.

However, losing the 200-day MA as support could introduce risks of a pullback, potentially sending ETH to retest lower levels. Ethereum’s price action remains strong, with the market eagerly watching for the next significant move.

Featured image from Dall-E, chart from TradingView

Source: NewsBTC.com

The post Ethereum Consolidation Continues – Charts Signal Potential Breakout appeared first on Crypto Breaking News.

$XRP has long been a topic of intense debate within the cryptocurrency space. Enthusiasts have championed its potential to revolutionize global payments, with some predicting an astronomical $10,000 valuation per token. However, the reality appears far removed from these ambitious expectations. Mounting challenges suggest $XRP may face significant hurdles, demanding a closer look at its current state.


The $10,000 Dream: Is It Achievable?

The belief in XRP’s ability to reach $10,000 stems from its intended role as a bridge currency for international payments. Ripple, the company behind XRP, has positioned the token as a tool to modernize cross-border transactions, offering faster and cheaper solutions compared to traditional systems like SWIFT.

Why Optimism Exists:

1. Global Partnerships: Ripple’s collaborations with financial institutions worldwide raise hopes for mass adoption of its technology.

2. Utility: XRP’s use in real-time liquidity solutions could theoretically boost its value if widely implemented.

Despite these strengths, does this justify a $10,000 valuation?

The Harsh Reality: Why XRP May Never Reach $10,000

While the $10,000 narrative persists, significant obstacles make such a price target highly unlikely:

1. Legal Troubles

Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has cast a shadow over XRP’s future.

An unfavorable outcome could severely impact XRP’s viability, especially in the U.S. market.

2. Market Saturation

XRP’s total supply of 100 billion tokens means achieving a $10,000 valuation would require a market cap exceeding $1 quadrillion—an unrealistic figure far beyond the global economy’s scale.

3. Centralization Concerns

Critics highlight XRP’s lack of decentralization compared to cryptocurrencies like Bitcoin and Ethereum, which may limit its appeal within the broader crypto movement.

4. Regulatory Risks

Increasing regulatory scrutiny worldwide could impose further challenges on XRP’s adoption and growth.

Warning Signs: Is XRP at a Crossroads?

In addition to the improbability of reaching $10,000, there are troubling indicators suggesting XRP may face further challenges:

Declining Volume: Reduced trading volume reflects diminishing interest from the broader crypto community.

Investor Sentiment: Prominent analysts and influencers are voicing concerns, signaling waning confidence.

Limited Market Access: Following the SEC lawsuit, major exchanges have delisted or suspended XRP trading in the U.S., reducing liquidity and accessibility.

Is XRP Still a Contender?

The challenges XRP faces underscore the difficulty of achieving long-term growth under its current circumstances:

1. $10,000 Price Target: Given market conditions, legal battles, and tokenomics, such a valuation is implausible.

2. Focus on Survival: Ripple and the XRP community must prioritize resolving regulatory issues and securing legal clarity to ensure the token’s viability.

Final Thoughts: A Time for Pragmatism

While XRP retains a loyal following, the reality is that it faces significant obstacles that limit its growth potential. Investors should adopt a pragmatic approach, prioritizing diversification and staying informed about legal and regulatory developments.

The dream of a $10,000 XRP may no longer be realistic, but with the right strategy, investors can navigate the challenges and adjust expectations accordingly.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risks. Conduct thorough research and consult a financial advisor before making investment decisions.

To determine how much Pepe Coin (PEPE) would need to gain to reach $1, we first need to consider its current price. As of now, the price is significantly lower than $1, with predictions suggesting it may reach around $0.00002290 by late November 2024 Current Price and Required Gain

Current price of Pepe Coin (PEPE): $0.00002134
Target price: $1.00
Calculation of Required Gain

Required gain = Target price - Current price
Required gain = $1.00 - $0.00002134 = $0.99997866
Percentage Increase Needed

Percentage increase = (Required gain / Current price) * 100
Percentage increase = ($0.99997866 / $0.00002134) * 100 ≈ 4,685,935%
Market Capitalization Consideration

Circulating supply of PEPE: 420.67 trillion tokens
Market capitalization at $1 per token = 420.67 trillion * $1 = $420.67 trillion
This market cap exceeds the GDP of the entire world, making it virtually impossible for PEPE to reach $1 without significant changes in supply or market dynamics.
Conclusion

Pepe Coin would need to increase by approximately 4,685,935% to reach $1, which is highly unrealistic given its current market conditions and supply.

Ethereum ($ETH ) has been stuck in a phase of stagnation lately, but don’t let the calm fool you. The weekly chart tells a different story—it’s shaping up within a rising triangle pattern, a bullish signal that could lead to a major breakout. If Ethereum breaks out, we might witness an explosive rally, and the time to act could be now!

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📊 What’s Happening with Ethereum?

1. Rising Triangle Pattern
Ethereum’s price is forming a rising triangle—a classic bullish pattern.
Why it matters: Once $ETH breaks above the resistance level at $4000, it could unlock a powerful rally. This level has been a key barrier, but breaking it might lead ETH into uncharted territory.

2. BTC Dominance and Altcoin Season
For Ethereum to truly take off, funds need to shift from Bitcoin to altcoins.
A drop in BTC dominance is the signal we’re waiting for. Once it happens, major coins like Ethereum are likely to see a flood of new investments.

3. Next Stop: $4000 and Beyond
If ETH breaks the triangle, $4000 is the first target.
Once it clears this resistance, the rally could gain momentum and head to even higher levels.

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💡 Trading Strategy for Ethereum

Here’s how you can position yourself to ride Ethereum’s potential breakout:

1. Buy Before the Breakout
Watch for ETH to approach the $4000 resistance level. If it closes above this level on the daily or weekly chart, it’s a strong signal to buy.

2. Set Targets on the Way Up
Consider taking partial profits at milestones like $4200, $4500, and beyond. This locks in gains while letting you ride the trend.

3. Hodl for Long-Term Gains
If you’re a long-term believer in Ethereum, consider holding a portion of your investment to benefit from its future growth.

4. Monitor BTC Dominance
Keep an eye on Bitcoin dominance. A decline signals that money is moving into altcoins, which is bullish for Ethereum.

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🚨 Why You Need to Act Now

Ethereum’s rising triangle pattern doesn’t last forever. Once $ETH breaks out, the price could skyrocket, leaving latecomers scrambling to get in at much higher levels. This is your chance to get ahead of the crowd and secure your position before the rally begins.

Don’t let the fear of missing out haunt you—ETH could be on the verge of a game-changing move, and the clock is ticking!

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Ethereum is at a crossroads. Will you take the opportunity to join the potential breakout, or watch from the sidelines as others ride the wave? The choice is yours—but the time to act is now!

⚠️ Disclaimer

Cryptocurrency investments are volatile and risky. This blog is for informational purposes only and not financial advice. Always do your own research and consult a financial advisor before making any decisions.

Worldcoin (WLD) is making headlines as a significant token unlock event looms, capturing the attention o traders and investors alike. With $12.7 million worth of tokens (30.96% of total locked supply) set to be released, the market is bracing for potential volatility. Let’s break down what this unlock means for Worldcoin and how it might impact the crypto market.
__________________________________________________________________
What Is Happening with WLD?
As of today, WLD is trading at $2.07, experiencing a 10.34% decline in the past 24 hours. This downward trend may partly reflect market anticipation of the unlock event. Currently, 665.87 million tokens (90.97% of the supply) are circulating, but this unlock will introduce 40 million new tokens into the market.
Why Token Unlocks Matter
Token unlocks are significant because they increase the circulating supply of a cryptocurrency. In the case of WLD, a sudden influx of tokens could lead to increased selling pressure as holders may look to capitalize on their newly unlocked assets. This can result in short-term price volatility. However, it also provides liquidity, allowing more users and investors to participate in the ecosystem.
Potential Impacts on WLD
Short-Term Volatility: As 40 million WLD tokens enter circulation, there’s a possibility of a price dip if a significant number of these tokens are sold on the market.Increased Liquidity: More circulating tokens mean greater liquidity, which could attract more investors and traders to WLD. This can support long-term growth if managed effectively.Market Sentiment: Token unlocks often test investor confidence. If holders choose to stake or reinvest rather than sell, it could reflect strong faith in Worldcoin’s future.
What’s Next for WLD?
Worldcoin’s utility and adoption will play a crucial role in determining how the market reacts to this unlock. If the project continues to expand its use cases and secure partnerships, it could offset any negative impact from the increased supply.
In my opinion, the WLD unlock is a pivotal moment for the project. While short-term volatility is expected, the true test lies in how the Worldcoin community and ecosystem grow in response to this increased supply.

$WLD
#Worldcoin #CryptoMarketMoves #Debate2024 #Cryptocommunity

The squirrel$PNUT skyrocketed to $2.5 after its launch, then the hype decreased, dropping for 7 days, and has now corrected by 40%.
Retail investors who chased high in the past 7 days have been continuously cutting losses and switching to new MEME coins. You can see that the 1-hour level$PNUT has also been shaken out.
This morning, the price of squirrel PNUT fell to $1.26 and then began to rebound. The current price is $1.45. Everyone can get in around $1.3; I think it is relatively safe.
I rarely play with newly launched MEME coins, so why am I paying attention to this coin? It's because of the consensus of this coin, which is still 'invincible' at the moment. After all, this 'squirrel' has pulled Trump and gained a lot of fame, and Musk keeps promoting it.

The buzz around BitTorrent (BTTC) has taken the crypto world by storm, with rumors of a 9000% surge and Elon Musk’s alleged involvement adding fuel to the fire. But is this excitement grounded in reality? Let’s dive into the details, separating hype from feasible outcomes.

🚀 Why the Hype Around $BTTC?

1. Elon Musk’s Influence:
• Elon Musk is no stranger to influencing crypto markets, as seen with Dogecoin and Bitcoin.
• Rumors suggest Musk’s involvement with BTTC, but there is no verified evidence to back these claims. Without confirmation, this remains pure speculation.
2. Fundamental Strengths:
• BTTC is a key part of the TRON ecosystem, leveraging the popular BitTorrent platform with over 2 billion users globally.
• Its focus on DeFi, NFTs, and **scalable content sharing** aligns with blockchain’s hottest trends, making it a promising contender in the Web3 landscape.
3. Growth Potential:
• BTTC’s innovative use cases in decentralized storage, streaming, and blockchain-powered incentives position it to capitalize on growing Web3 adoption.
• If executed effectively, these features could significantly boost its market value.

📉 Risks and Considerations

1. Speculative Nature:
• Crypto markets are driven by sentiment and rumors. Unverified claims, especially regarding Musk’s involvement, could lead to inflated expectations and potential losses if proven false.
2. High Volatility:
• BTTC’s low price makes it prone to large percentage swings. While this amplifies rewards, it also increases risk for investors.
3. Market Cap Feasibility:
• A 9000% pump would require BTTC to reach a market cap of approximately $300 billion, placing it alongside crypto giants like Bitcoin and Ethereum. Achieving this would require an extraordinary level of global adoption and utility.

🔮 Realistic Scenarios for BTTC

1. Bullish Case:
• If adoption accelerates and high-profile partnerships are confirmed, BTTC could see substantial growth. A potential target could be $0.000036, reflecting significant momentum.
2. Moderate Growth:
• Gradual ecosystem adoption in DeFi, NFTs, and content sharing could drive its price to $0.00001–$0.000015 by 2025, aligning with steady market expansion.
3. Bearish Case:
• Without major catalysts or in the event of unfavorable market conditions, BTTC may stagnate or decline, potentially hovering near its current levels or experiencing further depreciation.

💡 Investment Considerations

1. Conduct Thorough Research:
• Avoid relying on rumors. Verify claims through official sources and industry-reliable platforms before making investment decisions.
2. Diversify Your Portfolio:
• Don’t place all your bets on a single token. Spreading investments reduces overall risk exposure.
3. Implement Risk Management:
• Use stop-loss orders to minimize potential losses and only invest amounts you can afford to lose.

Final Thoughts

While the hype surrounding BTTC and the possibility of a 9000% pump is captivating, it’s essential to approach such speculation with caution. The project’s strong fundamentals offer long-term potential, but extraordinary claims require extraordinary evidence. Investors should prioritize research, adopt a balanced approach, and prepare for the inherent volatility of the crypto market.
#COSSocialFiRevolution #MEMEalpha #BTC93KNewATH

Based on current market conditions and future projections, the likelihood of Bonk ($BONK ) reaching $1.00 is highly speculative and extremely slim. Here’s a detailed analysis of why this is the case:

Market Analysis

1. Current Price Levels
As of November 2024, $BONK is trading at approximately $0.00005. For it to reach $1.00, the token would require an astronomical increase of nearly 2,000,000% (or 20,000x its current value).

2. Market Capitalization Challenges
With a circulating supply exceeding 56 trillion tokens, BONK would need a market capitalization of over $56 trillion to achieve a $1.00 price. This figure is several times larger than the combined market capitalization of all cryptocurrencies, including Bitcoin and Ethereum, making it an improbable scenario without drastic reductions in supply.

3. Historical Performance and Trends
Meme coins such as Shiba Inu, Dogecoin, and Bonk have historically shown potential for rapid, hype-driven gains. However, none have come close to reaching $1.00, with Dogecoin peaking at around $0.70 during the 2021 bull run. For to BONK achieve such a price, it would require unprecedented levels of hype, adoption, and favorable market conditions.

4. Expert Predictions
Long-term forecasts for BONK estimate a maximum price range of $0.0001 to $0.0002 by 2030, far below the $1.00 threshold. Analysts attribute this limitation to the token’s massive supply and stiff competition within the meme coin category.

Conclusion

Estimated Probability: Given current market dynamics, the likelihood of BONK reaching $1.00 is realistically less than 0.01%. Achieving such a price would necessitate:

Substantial token burns to reduce supply

Widespread utility and adoption

A speculative bull market of unprecedented scale

Investment Considerations:
Investing in $BONK with the expectation of it reaching $1.00 carries extremely high risk. Meme coins are inherently volatile, speculative, and unpredictable. Potential investors should exercise caution and base decisions on realistic projections.

While $BONK may have opportunities for growth, expectations of it achieving a $1.00 price point should be tempered with a clear understanding of market constraints and tokenomics.
#COSSocialFiRevolution #MajorUnlocks

After Donald Trump officially wins the presidency of the United States, all eyes are on SEC Chairman Gary Gensler, with many anticipating the day of his "departure".
The CEDAR Innovation Foundation (CIF) has publicly demanded the resignation of Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). In a statement released on November 18, CIF criticized Gensler for defying tradition by refusing to step down.
“Clinging to power”—this is how CIF described Gensler’s actions, contrasting starkly with his predecessors who customarily stepped down voluntarily when a new administration took office.
Looking back, the past three SEC Chairs resigned within two to three weeks after elections. Mary Schapiro, appointed under President Obama, announced her resignation on November 26, 2012, and officially left office on December 14, 2012. Similarly, Mary Jo White declared her resignation on November 14, 2016, weeks after Donald Trump’s victory, and departed on January 20, 2017. Even Jay Clayton, appointed by Trump, announced his resignation on November 16 following Trump’s loss to Biden.
CIF is not alone in its criticism. Notable entities and individuals, including the American Securities Association, former SEC official John Reed Stark, and billionaire Mark Cuban, have also called for Gensler’s resignation.
Signs of an Exit?
Although no official move has been made, some of Gensler’s recent remarks are seen as subtle hints of his departure. During a speech at the Institute on Securities Regulation, he reflected on his tenure’s achievements, particularly SEC’s handling of the crypto industry. He indirectly mentioned leaving by stating that others would carry forward unfinished regulatory work.
However, Gensler’s “legacy tour” has faced backlash. A group of retail investors published an open letter sarcastically labeling his term as one of the most damaging eras in recent financial history, citing cases like Ripple and Debt Box as examples of mismanagement.
Who Will Succeed Gensler?
While no official nominations have been made, several potential candidates have emerged, including:
Dan Gallagher, Chief Legal Officer of RobinhoodBrian Brooks, former Acting Comptroller of the CurrencyPaul Atkins, former SEC CommissionerCurrent SEC Commissioners Hester Peirce and Mark Uyeda
Prediction markets like Kalshi currently favor Brooks, giving him a 48% chance of being selected, followed by Gallagher at 25% and Uyeda at 5%.
However, Trump has yet to make an official nomination, likely due to Gensler’s refusal to resign. While Trump has vowed to fire Gensler on his first day in office, the President can only remove an SEC Chair for severe reasons such as inefficiency or misconduct. Trump can, however, demote Gensler to Commissioner and appoint someone else as Chair until Gensler’s term ends in June 2026
#COSSocialFiRevolution

Breaking news! There has been a shocking turnaround in the House race for California's 45th district, just two weeks after the election day. Democratic candidate Derek Tran has surprisingly overtaken Republican Michele Steel with 94% of the votes counted, leading by only 102 votes. This has led some American onlookers to suspect whether there is any 'vote rigging' going on.
Historically, such dramatic turnarounds in the U.S. are not uncommon. Some theatrical events have even changed the entire political landscape of a country, like the presidential election in 2000, which went all the way to the Supreme Court. Such situations usually cause public panic, resulting in a pile of legal lawsuits, and may also lead to public distrust in the entire voting system. However, this is also an important opportunity for reform; otherwise, who knows if we will see such a situation again next time?