The latest market and analysis of cryptocurrency on July 13, 2024
**1. Market Overview**
Today, the cryptocurrency market continues to exhibit significant volatility. Bitcoin (#BTC ) is currently trading around $57,800, with many investors viewing this price as a buying opportunity, with predictions that it could reach $108,000 by the end of 2024. Ethereum (#ETH ), currently at $3,120, is also at a low, and with the approval of Ethereum #ETF , its price is expected to reach new highs.
**2. Market hot spots**
1. **Ripple (#XRP ) surges**
Ripple prices surged following a court ruling that XRP sales were not investment contracts. The ruling brought positive market sentiment to Ripple and boosted the price of XRP.
2. **New coin listing**
Several new coins have recently been listed on major exchanges, such as Fluence (FLT) on Bybit and Metis (METIS) on Binance. The emergence of these new coins has injected new vitality into the market.
3. **Cryptocurrency exchange news**
Decentralized exchange Ellipsis Labs has further advanced the development of the decentralized finance (#DeFi ) ecosystem with a $20 million Series A funding round led by Paradigm.
**3. Investment Suggestions**
Despite the uncertainty in the market, the following cryptocurrencies are considered to have investment value during the current market correction:
1. **Bitcoin ($BTC )**
Although the current price is low, it is expected to rise to $108,000 in the future, and the long-term investment value is significant.
2. **Ethereum ($ETH )**
As the Ethereum ecosystem continues to grow and the potential impact of ETFs, its price is expected to reach $5,245.
3. **Shiba Inu Coin ($SHIB )**
With its evolving infrastructure and upcoming Shibarium updates, SHIB is considered to have good growth potential.
**IV. Summary**
Overall, although the cryptocurrency market is currently experiencing some volatility, positive factors and investment opportunities remain in the market. Investors should pay attention to market trends and allocate assets reasonably to cope with the challenges and opportunities brought about by market changes.
