Ripple (XRP) Developments, Bitcoin (BTC) Price Predictions, and Cardano (ADA) Targets: Bits Recap Nov 29
Author: Dimitar Dzhondzhorov
Last Updated Nov 29, 2023 @ 08:36
BTC was projected to surpass the $500K mark, XRP became the most traded crypto asset on Uphold, while ADA was a subject of bullish predictions.
TL;DR
Bitcoin (BTC) has seen a strong recovery, now trading over $38,000, with predictions of reaching $65,000 by 2024 and $524,000 by 2027, as forecasted by analyst PlanB.
Ripple’s XRP experienced a successful year due to partial legal victories against the SEC, leading to increased trading and re-listing on various exchanges.
Cardano’s ADA is on an uptrend, recently hitting $0.40, with analysts predicting potential new highs, with targets up to $14.
BTC Projected to Reach Over $500K
The primary cryptocurrency has gone through a turbulent year (so far), with its price recovering much of the losses from the devastating market crash in 2022. As of the moment, BTC trades at over $38,000, representing a 130% increase compared to the valuation on January 1, 2023.
Some analysts believe the uptrend has just started, envisioning the asset to reach new peaks in the near future. One such expert is the X (Twitter) user PlanB, who set extremely bullish targets for the following years.
According to them, BTC might spike to as high as $65,000 by the next Bitcoin halving (scheduled for the spring of 2024). In addition, PlanB forecasted that the asset’s price could rise to an astonishing $524,000 by 2027.
