In the ever-volatile world of cryptocurrencies, Polygon’s native token, MATIC, witnessed a notable price correction, triggering a flurry of activity from significant investors known as “whales.” These investors took advantage of the price decline, splashing a staggering $90 million into acquiring MATIC tokens, indicating a potential trajectory towards a price recovery. Amid recent market fluctuations, MATIC experienced a retracement from its earlier peak of $0.92 to $0.765 at the current time. This downward movement came after a remarkable performance from mid-October to early November, aligning with the anticipation and subsequent realization of Polygon Labs’ transformation of MATIC tokens into the newly launched POL token. MATIC/USDT chart, source: TradingView On-Chain Insights: Whales’ Strategic Accumulation of MATIC However, the initial euphoria surrounding this event has subsided, leading to a reduction in speculation-driven activities related to this digital asset. Interestingly, on-chain data analysis reveals a starkly different narrative – a sustained interest and accumulation of MATIC by cryptocurrency whales. Prominent analyst and crypto trader Ali Charts shed light on this movement, showcasing how whales strategically acquired over 120 million MATIC tokens in just the past week. This accumulation spree translated into a significant inflow of $90 million, indicating substantial confidence among these major investors despite the recent price volatility. #Polygon | Recently, $MATIC whales have been on a buying spree, scooping up over 120 million #MATIC in the past week – that's a hefty $90 million investment! pic.twitter.com/uqXopGoqvy — Ali (@ali_charts) November 29, 2023 The impact of this whale activity on MATIC’s price action has been palpable. Observably, the token has rebounded from its recent lows around $0.72, showcasing resilience and retaining a substantial portion of its monthly gains, with an overall 20% increase within the evaluated period. In the world of cryptocurrencies, whale activity often serves as a bellwether for market bottoms, influencing both short-term fluctuations and long-term trends. These substantial whale acquisitions provide optimism for MATIC holders, suggesting that increased network activity and recent whale buys may pave the way for the asset’s recovery. Polygon’s Rising Network Activity Fuels MATIC’s Prospects Beyond the price dynamics, the growth of the Polygon network and MATIC’s price movement, the blockchain ecosystem has witnessed substantial expansion. Over the past three years, the number of active addresses on the Polygon network has surged from approximately 120,000 to an impressive 387 million, showcasing notable growth and adoption. Polygon PoS chain daily transactions chart, source: Polygonscan Additionally, there has been a significant increase in daily transactions, evidence of increased user activity on the network. These transactions soared to yearly highs, surpassing six million, subsequently leading to a surge in network fees, painting a promising picture for Polygon’s ecosystem growth and potential prospects.

XRP chart suggests a rare pattern hinting at potential price surges. The anticipated scenarios point to XRP price reaching $10 or soaring to $50. Some consider $27 stability amid speculative market dynamics. In the dynamic world of crypto, analysts are turning their attention to XRP’s historical candlestick formations, predicting a potential price surge. Notably, the upcoming 17 hours could mark the completion of a rare sequence—three consecutive monthly Green Candles. #XRP's 3 Candle Formation: $10 or Soar to $50? Exploring candle formations offers profound insights into how prices move. #XRP's historical data highlights a fascinating trend: just twice has there been a sequence of 3 consecutive monthly Green Candles. Get ready—within the… pic.twitter.com/TcKVbR2pWo — EGRAG CRYPTO (@egragcrypto) November 30, 2023 With historical data as a guide, the analysis points to two possible scenarios emerging. In detail, the first talks about a 5 month consolidation. In this scenario, past instances show a 1500% surge after a 5-month consolidation. This suggests a potential climb to $10 by April 1, 2024, from the current XRP price. Similarly, the second scenario talks about a 12 month consolidation. Here, the 12-month consolidation preceded an 8000% spike, pointing to a remarkable possibility of XRP skyrocketing to $50 by November 1, 2024. Therefore, XRP enthusiasts, often referred to as the XRP Army, are encouraged to stay steady as the average of these scenarios lands at $30. The anticipation is palpable, more so one response talks about how $27 will likely become the stable price for future rebounds. Considering the highest candle close at $2.8, a 10x leap places XRP at $28. However, the speculative nature of the market introduces risks, with an 80-85% decline possible if utility fails to initiate. On the flip side, if utility gains traction, these prices could become a distant memory. Reflecting on investment strategies, the post prompts readers to consider the stability of $27 as a potential rebound point. The analogy of purchasing Tesla or Amazon at $5 is presented, urging investors to envision the possibilities if utility takes hold in the XRP market.  Disclaimer: The message of making a profit in this article simply reflects the view of one analyst and does not guarantee a profit. Traders are advised to always do their own research before committing to making any financial trades. This article reflects the interpretation of the writer based on the source material of the story and does not reflect the views of CryptoNewsLand. Read Also Bitcoin Price Analysis: What’s Next for BTC in the Next 14 Days? The $10,000+ XRP Scenario: More Than Just a Dream? ETH Shows Mixed Signals During Consolidation XRP’s Potential Soars: Analyst Envisions Nearly $250 Scenario Why Solana and Chainlink’s Trading Patterns are Turning Heads in the Crypto World The post XRP’s Candlestick Analysis: Potential $10 or Soaring to $50 in the Charts appeared first on Crypto News Land.

TL;DR XRP Performance: Despite recent dips, analysts like EGRAG CRYPTO remain optimistic, citing bullish trends in XRP’s price movement. Price Predictions: EGRAG CRYPTO forecasts a rise to $10, potentially $50 by November 2024, with an average target around $30. Dark Defender predicts an $11 price in 2025, dependent on certain technical indicators. Analyst Consensus: Both analysts anticipate significant future growth for XRP, suggesting a strong long-term potential. ‘Stay Steady’ for a Possible XRP Price Explosion Ripple’s native token – XRP – has recently consolidated around the $0.60 mark and is even down approximately 7% on a two-week basis. However, the ongoing pullback has not stopped cryptocurrency analysts from laying out optimistic price predictions. EGRAG CRYPTO noted XRP’s impressive performance, reminding that the asset closed two consecutive monthly green candles. The analyst believes a third one is approaching with the end of November, describing this as a highly bullish development. They claimed that XRP could surge to $10 after a possible “5-month consolidation phase” and explode to the astonishing $50 by November 2024 should the uptrend continue.  “STAY STEADY, the average of these two targets lands at $30, you know that I always whisper to you my secret target of $27. Hallelujah, the anticipation is palpable,” EGRAG CRYPTO concluded. XRP to Go ‘Parabolic?’ Another person who suggested that Ripple’s coin is on the verge of a substantial rise is the X (Twitter) user Dark Defender.  The analyst recently claimed that it might experience a “parabolic move” should three vital factors be in place. Those include a bullish cross on a resistance level described as SRSI, both SRSI lines closing above 80, and a breakout above an 8-year trendline. Dark Defender set a future price tag of $11 for XRP, expecting the surge to occur in 2025. Those willing to check how the token could perform in the short term could take a look at our dedicated video below: The post Very Bullish Ripple (XRP) Price Prediction for Late 2024: Is it Too Much? appeared first on CryptoPotato.

#BinanceTournament Leading cryptocurrencies like Bitcoin and Ether traded flat over the past week even after #cryptoexchange giant Binance agreed to a record $4.3 billion settlement with U.S. authorities, according to analysis by research firm K33.Analysts said the landmark agreement unveiled on November 21st showed sanctions violations and illegal money transfers but no mishandling of client funds. As such, it poses little risk of spreading contagion across digital asset markets, as happened amid the #ftx implosion last year.“The settlement has nothing to do with mishandling customer funds and won’t have any contagious effects in the future,” wrote K33 senior analyst Vetle Lunde and vice president Anders Helseth in the latest market update.Bitcoin and Ethereum prices remain buoyant at around $38,000 and $2,000, respectively, in the days after regulators publicized years-long investigations into Binance’s anti-money laundering procedures and sanctions compliance. The relatively muted impact affirms that Binance’s transgressions seem isolated rather than systemic.BNB plunged amidst Binance dramaHowever, the firm’s $BNB token did shed nearly 14% following the announcement of the costly settlement that cements a pivot away from the U.S. market. Binance founder Changpeng Zhao also stepped down as chief executive while retaining a substantial ownership stake.But Lunde and Helseth contend that Binance, boasting over 120 million users globally, still represents a pillar of crypto infrastructure likely to rebound in 2024, even with its American operations winding down.“Binance’s strong user base points towards Binance remaining a cornerstone of the crypto market structure as we advance into 2024,” the K33 report concluded.That said, the researchers highlighted that Binance already experienced a slipping market share in 2022 amid intensifying regulatory attention. Its portion of non-U.S. exchange volumes sank below 45% from around 70% previously, based on data from research firm The Block.For now, crypto markets seem reassured by the scope of penalties levied exclusively against Binance, rather than foreshadowing another existential crisis. Only the coming months will reveal whether depleted consumer confidence or frozen assets destabilize the #exchange itself, despite its towering status and still unmatched scale. #Wormhole

Chainlink (LINK) has been on an impressive upward trend lately, boosted by increased activity on its network and a general recovery in the cryptocurrency market after a period of slow growth. Reaching over $16, LINK hit its highest value since April 2022. Although it experienced a slight dip in the following weeks, the sustained interest from cryptocurrency whales is keeping the excitement alive and contributing to the interesting journey of LINK. Chainlink’s Whales Making Waves: Positive Signs for LINK Price Renowned analyst Ali Martinez highlighted on November 29 that Chainlink (LINK) is gaining significant attention from crypto whales. Notably, the altcoin experienced its “largest spike in whale transactions for the year,” with over 2,600 transactions exceeding $100,000 each, as reported by Martinez on X. In the crypto world, increased whale interest is often seen as a positive indicator for an asset’s price, signaling strong confidence in its potential. The involvement of whales implies strategic positioning based on positive market outlooks or fundamental developments, making it a key signal for other investors. Moreover, the entry of whales into the market can enhance liquidity and boost overall market activity, influencing the sentiment and trajectory of the cryptocurrency. Over the past six months, instances of sharp spikes in whale transactions have consistently preceded rallies in Chainlink’s price, notably in July, October, and earlier in the current month. While the number of whale transactions exceeding $100,000 was relatively low compared to November 28, historical patterns suggest that such occurrences often precede a surge in LINK price within a 2-3 day timeframe. This ongoing trend points to positive signs for the future performance of Chainlink. Chainlink’s Remarkable Surge: Current Stats and Potential Breakout At the time of reporting, Chainlink (LINK) was priced at $14.74, reflecting a 3.31% increase in the last 24 hours. Over the week, the altcoin gained 4.3%, and in the past month, it saw an impressive surge of more than 33.8%, contributing nearly $2 billion to its market cap during this period. In the year-to-date performance, Chainlink has outpaced Bitcoin, soaring over 165% compared to Bitcoin’s 130% surge. According to the recent analysis by Martinez, there are indications that LINK might be on the brink of a breakout from a bull flag pattern. Specifically, the cryptocurrency was expected to revisit the breakout zone around $14 before potentially making a move towards the $20 mark. The current stats and potential breakout suggest a promising trajectory for Chainlink’s ongoing surge. DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

ETH may break out of its tight trading range if the coin price hits $2,200. The 50 EMA had crossed over the 200 EMA, suggesting a bullish breakout in the mid to long-term. If ETH fails to flip the $2,042 resistance, the price may drop to $1,994. Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of Ethereum (ETH) would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETH’s historical price action. In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about a year and a half. He added that this altcoin’s inability to hit the said value would be the reason leading to the projected breakout. $ETH : This one is so obvious to me. It's going to go to $3000+ within the next few months and there's nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc it's going to break it given the landscape. #Ethereum pic.twitter.com/lnhAyj5UKj — Altcoin Sherpa (@AltcoinSherpa) November 29, 2023 ETH Forms a Golden Cross  At press time, ETH’s value was $2,038. Earlier in the week, the coin broke above $2,100. However, negative market sentiment coupled with some selling pressure pushed the price back below $2,100. At the same time, ETH’s ability to hold on to the $2,000 range could serve as a sign of mild strength, especially as the cryptocurrency languished between $1,800 and $1,900 for a long period. In the short term, it is likely for ETH to keep trading between $1,800 and $2,100. But in the next few months, as Sherpa said, the ETH/USD daily chart showed that the altcoin has the potential to break out of this tight trading range. This assertion was taken from the Exponential Moving Average (EMA). At press time, the 50 EMA (blue) had crossed over the 200 EMA (yellow). This upward crossover or golden cross possesses properties linking a bullish breakout for establishing a long-term uptrend.  ETH/USD Daily Chart (Source: TradingView) A Short-Term Decline Is Nearby So, if ETH finally hits $2,200 and is accompanied by strong buying pressure, there is a possibility that it might reach $3,000. However, the road to a potential $3,000 price may not be linear. Therefore, traders might need to watch out for pullback in between.  Meanwhile, ETH’s short-term outlook is not exactly tilting bullish. According to the 4-hour chart, bulls have been unable to take bears out of the way in establishing an uptick. Also, there was a strong resistance at $2,042, which was responsible for pushing ETH back. Bulls will likely attempt to flip the resistance. At the same time, sellers may resist. Should ETH get rejected again, there is a chance that it might drop to $1,994. Additionally, the Relative Strength Index (RSI) was 46.64, indicating weakness for the altcoin. As long as the RSI remains below the 50.00 midpoint, ETH may find it hard to retest $2,100. ETH/USD 4-Hour Chart (Source: TradingView) The possibility was also corroborated by the Awesome Oscillator (AO), which had dropped into the negative region. The AO reading is a sign of increasing downward momentum, which is not good for ETH’s short-term bullish prospects. The post ETH to $3,000? Here’s What the Technical Outlook Suggests appeared first on Coin Edition.

Cardano's Key Position for 2023 Market Movement ⤵️ 📣 Crypto analyst Ali Martinez points out that Cardano (ADA) is currently in a crucial demand zone. He notes that 166,470 wallets have acquired 4.88 billion ADA, valued at over $1.85 billion, while ADA has been trading between $0.37-0.38, hinting at strong investor interest at these levels. 📣 Martinez suggests that with solid support below and minimal resistance ahead, maintaining above this demand zone could enable $ADA to reach new highs in 2023. However, he warns that falling below this level might lead to a correction, potentially dropping to $0.34. 📣 The analyst also mentions a sell signal on ADA’s weekly chart based on the Tom DeMark (TD) Sequential indicator, commonly used to anticipate trend reversals. What's your perspective on ADA's current market position and its potential movement? Engage in the discussion and share your analysis of Cardano's future. #CardanoForecast #ADAAnalysis #CryptoMarketTrends #TradingSignals #DailyHodl

The post Ethereum (ETH) at a Crossroads, Yet the Price Could Reach $3000 in the Next Few Months appeared first on Coinpedia Fintech News Being a little different from the Bitcoin price action, the Ethereum price is displaying the possibility of drowning in the current resistance. The price continues to test the crucial diagonal support, which raises concerns over the impending rally. The second-largest token attempted recently to reclaim the resistance, but it appears that a retest of the lower support could be more likely. The daily chart suggests the crypto is closer to triggering a bounce from the lower crucial support that falls within an ascending triangle. The volume has just flipped in a bullish favour but the buying pressure is yet to accumulate. Therefore, if a rebound is validated before the day’s close, then the fresh month’s trade can be expected to start on a bullish note. As mentioned before, the ETH price is testing the lower crucial support, and the day’s trade is constantly flipping between bullish and bearish favour. This indicates serious competition between both of them, which may have a major impact on the upcoming monthly close. Besides, the technical pattern raises some concerns as the DMI is bearish. ADX is heading towards lower support, indicating a decrease in the strength of the rally. Besides, the +Di & -Di are closer to undergoing a bearish crossover. Hence, the probability of a pullback below $2000 could be on the horizon. If the bulls display weakness here, the rally could trigger a drastic drop towards the lower support below $1800. However, the probability of a rebound remains higher as the token has been consolidating below $2200 in the past 1.5 years without any weekly close above these levels. Hence, a popular analyst, Altcoin Sherpa, believes the ETH price could reach $3000 in the next few months. $ETH : This one is so obvious to me. It's going to go to $3000+ within the next few months and there's nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc it's going to break it given the landscape. #Ethereum pic.twitter.com/lnhAyj5UKj — Altcoin Sherpa (@AltcoinSherpa) November 29, 2023 Therefore, the Ethereum price is believed to trade within an ascending triangle until it reaches the apex. Further, by the end of the first fortnight, the price is expected to trigger a bullish breakout beyond $2200.

🚀 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻'𝘀 𝗣𝗿𝗶𝗰𝗲 𝗖𝗼𝘂𝗹𝗱 𝗗𝗼𝘂𝗯𝗹𝗲! 🚀 Check out this exciting analysis by cryptocurrency expert Analyst, who highlights Dogecoin's potential for a massive surge to $0.14 per coin! 📈 Breaking through the crucial $0.087 hurdle, marked by the convergence of key indicators, might open the gates for Dogecoin to double its current price. 🚀 📊 On the weekly chart, Analyst identifies challenges and opportunities, emphasizing the significance of overcoming the 0.786 Fibonacci level and both the 100-week and 200-week EMAs. 📈 Do you think Dogecoin has what it takes to reach new heights? 🔄 Dogecoin Sets Transaction Record! 🔄 Exciting news from Dogecoin developer @mishaboar reveals an all-time high in transactions, reaching nearly 1.5 million in the last 24 hours! 🌐 Users are leveraging Dogecoin's low fees and generous dust limits, surpassing Bitcoin and Ethereum in transaction count. 🚀 But, could the surge in transactions pose challenges for node operators? 🤔 📈 DOGE Surpasses BTC and ADA! 📈 According to on-chain data aggregator Santiment, Dogecoin's wallet count has surged by 2.52%, outpacing Bitcoin and ADA. 🚀 As Dogecoin faces technical challenges and celebrates record transactions, the crypto community eagerly watches its trajectory. Where do you think Dogecoin is headed next? 🌐 NFA DYOR 🤝 $DOGE #Doge🦊 #DOGEToTheMoon #DogecoinUpdate