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Solana Reclaims $150: How High Can SOL Trade This Week? Solana, one of the leading crypto coins ruling the space at the moment, is back on track. The token is gaining considerable market momentum again after dropping to $143 last week.The bullish onset of the market, coupled with the thriving network activity, has borne fruit for SOL, helping the token trade at $151. Per several analytical platforms, Solana may yet again deliver a stellar price rise this week, which may assist the token in ascending to new price highs. According to CoinCodex, Solana may note a modest price surge this week, adding 0.85% valuation to its price. The token may be exchanged at $153.42 or $153.78 by May 13. Similarly, SOL could gain a shy uptick of 0.94% by May 17. “The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $154.57 on May 17, 2024, gaining 0.94% in the process.” #solanasummer #buythedip #altcoins #Memecoins #MicroStrategy

Solana Reclaims $150: How High Can SOL Trade This Week?

Solana, one of the leading crypto coins ruling the space at the moment, is back on track. The token is gaining considerable market momentum again after dropping to $143 last week.The bullish onset of the market, coupled with the thriving network activity, has borne fruit for SOL, helping the token trade at $151. Per several analytical platforms, Solana may yet again deliver a stellar price rise this week, which may assist the token in ascending to new price highs. According to CoinCodex, Solana may note a modest price surge this week, adding 0.85% valuation to its price.

The token may be exchanged at $153.42 or $153.78 by May 13. Similarly, SOL could gain a shy uptick of 0.94% by May 17. “The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $154.57 on May 17, 2024, gaining 0.94% in the process.”

#solanasummer #buythedip #altcoins #Memecoins #MicroStrategy

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Ripple Analyst Says XRP Closing Above This Level Is Bullish: Can It Hit $1 In May? Ripple (XRP) has been the subject of intense scrutiny by investors and traders alike as it navigates a critical juncture in its price action. According to a recent tweet by prominent Ripple analyst EGRAG Crypto, XRP closing above the $0.57 level on a weekly basis would be a bullish sign, while closing below $0.50 could potentially break the current market structure. Since the significant price dump on April 8th, XRP has been facing strong resistance at the 21-day Exponential Moving Average (EMA). The market has witnessed an equal number of bullish and bearish candles since then, indicating a fierce battle between buyers and sellers for control over the cryptocurrency’s price direction. EGRAG Crypto highlights the importance of the $0.57 level, stating that a weekly close above this threshold would be a bullish signal for XRP. Conversely, a close below the $0.50 mark could be bearish and potentially disrupt the current market structure. As investors and traders eagerly await the outcome of this critical battle, many are looking to expert price predictions to gauge XRP’s potential trajectory. Based on the price fluctuations of XRP at the beginning of 2023, crypto experts at Changelly expect the average XRP rate to be $0.617 in May 2024.These experts also provide a range for XRP’s expected price, with a minimum of $0.526 and a maximum of $0.707. While these predictions offer valuable insight into XRP’s potential performance, it is essential to note that the cryptocurrency market is inherently volatile and subject to rapid changes in sentiment and market conditions. Many XRP enthusiasts and investors are closely watching the cryptocurrency’s price action, with the ultimate goal of seeing it reach the $1 milestone. While the current battle between bulls and bears at the critical $0.57 resistance level will play a significant role in determining XRP’s short-term trajectory, the question remains: can XRP hit $1 in May? #RippleXRP? #XRPUSDT🚨 #Memecoins #altcoins #buythedip
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“Extreme Rally” Ahead for Crypto, Top Trader Claims According to analyst Henrik Zeberg, the cryptocurrency market could see an "extreme rally". The sentiment is going to become "extremely bullish" closer to the blow-off-top of this cycle.Zeberg expects U.S. stocks to reach their peaks in the second half of 2024. The analyst expects the recession to start in the last quarter of the year, which will prompt "a fast decline" in the markets. Tom Lee, head of research at Fundstart, recently predicted that inflation would see a dramatic decline in the second half of the year. He expects the leading cryptocurrency to surpass the $150,000 level in 2024. As reported by U.Today, the upcoming consumer price index (CPI) report, which is set to be released on Wednesday, could be a major bullish catalyst for the cryptocurrency market if it shows a lower-than-expected reading.In April, stocks and cryptocurrencies experienced a rather sharp decline after US inflation turned out to be stickier than previously anticipated. This led to some speculation that the U.S. could be entering another period of "stagflation," with JPMorgan CEO Jamie Dimon comparing the current economic conditions to the 1970s. However, Federal Reserve Chair Jerome Powell swiftly shut down these concerns, which injected some optimism into the market. After the Fed indicated it would reduce borrowing costs this week, the U.S. stock market experienced a substantial rally. However, Bitcoin remains on shaky ground, currently teetering on the verge of plunging below the $60,000 level. The flagship cryptocurrency is up more than 45% on a year-to-date basis. #BTC #Memecoins #ETHETFS #BinanceLaunchpool #buythedip
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Will Precious Metals Rally Outpace Bitcoin? This Economist Thinks So! The prices of gold and silver have been skyrocketing as of late, tempting investors to pivot towards them. The precious metals are rallying at a record pace, trading at $2,370 and $28, respectively. This sudden development in the metal sector is compelling economists to forecast new price thresholds for them to breach, outpacing any contemporaries leveling the space. The precious metal spikes are now compelling analysts to gnaw at Bitcoin by pivoting investor sentiment towards the bullish metal wave. Several economists and experts are busy posting a mix of opinions on X, and some of them can be seen bashing investments made in Bitcoin. Peter Schiff, a notable economist and financial expert, has once again attracted the spotlight by making new comments about Bitcoin. Schiff took to X to share his views on BTC, adding that investors should invest in gold, silver, and mining stocks rather than putting their money in Bitcoin. The price of gold has accelerated at a record pace, compounded by worsening war situations around the world. The precious metal surge has further gained prominence due to rising inflationary pressure. This development is compelling investors to pivot towards alternative investment tools such as gold and bitcoin. While gold and silver have always been dubbed excellent sources of investment, BTC, on the other hand, has drawn significant criticism amid a rising metal rally. On the contrary, Bitcoin has been performing exceptionally well as of late, outshining its contemporaries at a rapid pace. The token is currently sitting at $64K, after touching an all-time high of $70K this season. Per several analysts on X, Bitcoin is poised to cross the $75k mark. BTC is developing into an avenue capable of harboring and disseminating steady returns. The booming sector analytics project that Bitcoin is here to stay for a long time. #ETHETFS #ETFvsBTC #BinanceLaunchpool #altcoins #BlackRock
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