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Cryptopolitan
Cryptopolitan
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Bitcoin (BTC) continues to hover around the $51,500 mark, showing signs of consolidation after recent gains. Market analysts anticipate a potential pullback in line with previous bull market patterns, particularly ahead of the upcoming block subsidy halving in April.  Despite the narrow trading corridor and resistance at $52,000, seasoned observers remain optimistic about BTC’s long-term prospects. Rekt capital’s insights and market sentiment In his recent YouTube video on February 20th, well-known trader Rekt Capital highlighted similarities between BTC’s current price action and previous bull runs in 2016 and 2020. He pointed out key phases common to both periods, emphasizing the significance of a macro downtrend break preceding upside movements before halving events.  However, Rekt Capital also noted a missing element in the current cycle: the pre-halving retrace phase, where BTC typically retests resistance before moving higher. Despite a clear pre-halving retrace, analysts like Caleb Franzen of Cubic Analytics remain unfazed by BTC’s recent rangebound movements. Franzen highlighted BTC’s stability over the past week, with prices fluctuating between $50.6k and $53k.  He dismissed panic and bearish sentiments, emphasizing the absence of significant downward movements. Echoing Franzen’s sentiment, analyst Matthew Hyland emphasized the importance of the 0.618 Fibonacci retracement level from all-time highs, which sits just above $48,000. Hyland noted that while a breach below $49k could alter the market outlook, consolidation within an uptrend typically signals a continuation of bullish momentum. Future outlook and key considerations As Bitcoin approaches its next block subsidy halving, market participants remain attentive to potential price movements. While historical patterns suggest a period of consolidation and retrace before significant upward momentum, the current market cycle presents some deviations.  The absence of a clear pre-halving retrace phase raises questions about BTC’s immediate trajectory, but overall sentiment remains cautiously optimistic.

3 days ago
CaptainAltcoin
CaptainAltcoin
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XRP saw its price plummet after the lawsuit with the SEC. But after extensive sideways ranging, technical analysts have taken notice of early bullish signals emerging on the charts. With key resistance levels in play, the door may stand open for 24% near-term upside after crypto’s most prolonged consolidation period on record. Bounce at $0.54 Offers Clues to Range Break Ahead As analyst Cryptoes noted, throughout its multi-month consolidation phase, XRP has consistently bounced off support around $0.54. But with the long-standing ceiling at $0.578 still intact, prices remain stuck, bouncing between two technical barriers. Only a decisive daily close above $0.578 resistance would confirm XRP breaking from its ranged purgatory, according to Cryptoes. Until that final hurdle gets surpassed, bulls must continue playing defense around $0.54 support. 3 Years of Ranging Precedes Major Breakout X account 25hoursawake offers added context on the grueling sideways chop that XRP has contended with its earlier parabolic peak. After three painful years of directionless price action, he believes XRP may finally approach an inflection point. With range resistance wearing down through repeated tests, the coiled spring appears ready to unleash based on historically analogous setups. Still, a clear upside confirmation remains pending. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Technicals Support Reversal Potential Offering an additional layer of insight, altFINS points to improving technicals on XRP’s price charts. XRP’s breakout from the confines of a multi-month downtrend channel signals a bullish trend change, according to their analytics. With price stability also reasserting itself above the key $0.54 support, the initial measured move upside target sits around $0.68 – representing 24% prospective gains from breakout confirmation. After crypto’s most grueling bear market on record, the conditions for volatile reversals may now come into focus. XRP has notably weathered immense selling pressure in the face of SEC litigation and delistings from major exchanges. Years of ranging later, the ultimate contrarian opportunity could emerge if range resistance finally falters for a new bull market. But XRP bulls still await definitive proof of that next breakout catalyst before calling an end to the long crypto winter. You may also be interested in: ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple (XRP) Flashes Signs of Life After Multi-Year Consolidation, Analysts Expect A Breakout To This Level appeared first on CaptainAltcoin.

5 days ago
FXstreet
FXstreet
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Tron — American Wrap 22 February
3 days ago
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.  BTC/USD 1-day chart. Source: TradingView Bitcoin ETFs bounce back from day of outflows Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000. Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs). These slowed considerably in recent days, with Feb. 21 even seeing a net outflow of some $36 million, per data uploaded to X (formerly Twitter) by sources including BitMEX Research. Same data in BTC terms.694 BTC net outflow on 21 Feb 2024 pic.twitter.com/mpqoo44VA2 — BitMEX Research (@BitMEXResearch) February 22, 2024 Feb. 22 saw stronger activity — net inflows of just over a quarter of a million dollars, even accounting for outflows from the Grayscale Bitcoin Trust (GBTC). “Normality resumed a $251M inflow into the Bitcoin ETFs,” James Van Straten, research and data analyst at crypto insights firm CryptoSlate, responded. Continuing on the pace of buying from the ETF operators, Thomas Fahrer, CEO of crypto-focused reviews portal Apollo, predicted that the largest of them, BlackRock’s iShares Bitcoin ETF (IBIT), would in future change BTC supply dynamics. “98% of all the #Bitcoin in existence already costs >100K if you tried to buy it,” he argued alongside a chart of IBIT holdings. “Remember that the current price is just the marginal trade. Blackrock is going to test this theory, so we'll find out soon enough.” Spot Bitcoin ETF holdings (screenshot). Source: Apollo As of Feb. 23, IBIT held 124,535 BTC ($6.35 billion), per data from Apollo’s own ETF tracker. BTC price nears "trend inflection point" Focusing on low-timeframe BTC price analysis, meanwhile, popular trader Skew captured the mood among seasoned market observers. Related: Bitcoin pre-halving ‘pullback’ calls for $45K BTC price support retest The uptrend, he concluded, remained intact, but important support levels were now coming back into play. These were the 88-period and 100-period exponential moving averages (EMAs) on the 4-hour chart at $50,017 and $49,654, respectively, along with the 18-period EMA on the daily chart at $49,645. “Currently price trades around range low & 4H 55EMA which typically is a near term trend inflection point, meaning momentum picks up soon,” part of his latest X analysis read. “Buyers & Sellers likely to fight here for control.” BTC/USD 4-hour chart with EMA data. Source: TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

3 days ago
Coinpedia
Coinpedia
followers

The post Ethereum Flashes Bearish Signals: Here’s Where It May Reach If Bulls Fail to Defend the Support appeared first on Coinpedia Fintech News The crypto markets are swinging into a strong consolidation phase. While the Bitcoin price is feared to drop below $51,000, & Ethereum price sticks above $2950. With this, the market participants could be hopeful of the token surpassing $3000 any time from now on. But, unfortunately, the second largest crypto appears to be preparing to offer another buying opportunity, probably below $2,600 very soon.  The ETH price traded within an ascending pattern, forming consistent higher highs and lows, which indicated a growing strength among the bulls. The latest trade set-up suggests the price is preparing to either be stagnant for a while or initiate a fresh bearish case. However, the latter possibility appears to be more likely, as the formed candlestick pattern suggests a trend reversal may have materialised. After marking the highs above $3000, as a result, it formed a ‘Bearish hammer’, with the close of the candle being higher than the open. Moreover, the previous day’s trade witnessed enough competition between bulls and bears, which formed a ‘Doji Candle’. Doji candles usually occur at the end of uptrends and signal bearish reversals. However, the ETH price has been facing acute bearish pressure since the early trading hours, which has validated the beginning of a fresh descending trend.  Additionally, the RSI formation also substantiates the bearish claims as it is plunging after marking the highs above 82. If the levels drop below the threshold at 70, then the Ethereum bulls could lose their grip on the rally, compelling the price to test the support zone between $2392 and $2446. If the bulls fail to hold the rally at these levels, then the ETH price may slide down towards a lower target. However, this appears to be more unlikely.  Collectively, the Ethereum (ETH) price continues to trade within a decisive phase where a drop below $2900 may trigger a fresh bearish case while a rise above $3000 may trash all these possibilities. 

3 days ago
Crypto爱玩币的村长
Crypto爱玩币的村长
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Market analysis on February 23, 2024 as the picture shows. Weekly chart. Big Pie Auntie is still very powerful. The big pie is oscillating at the lower edge of the big cycle center breakthrough, and the concubine is consolidating at a high level above the central axis! But four hours is not a good look today. It is expected to continue to fluctuate and consolidate. It is necessary to replace the decline with a horizontal move. The daily line is okay! The exchange rate is still rebounding. And it has broken through the weekly line! The overall trend is towards shock, with consolidation digesting short-term unfavorable patterns! Mainly low and long! The pie supports 50500 and 2820. Short-term reference moving average! #ETH #BTC

3 days ago
Max Cryptobuddy
Max Cryptobuddy
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🚀 XRP fans, get ready for a potential price rally! 📈 Analysts predict XRP could hit $1.40 by April. Here's why: 🔹 EGRAG CRYPTO's chart shows 4 stages: wicking, ranging, consolidation & bullish 🔹 Dark Defender sees resistance levels of $0.66, $0.77, & $0.91 in 60 days 🔹 Doctor Profit calls XRP the "next shining bull" & invested in 500k Skeptical? 🤔 Remember when XRP was 17 cents & hit almost $2 in 2021. Share your thoughts below! 💬 #XRP #BullRun

3 days ago
CryptoNewsLand
CryptoNewsLand
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ADA’s resilience at $0.60 signifies significant psychological and technical support, historically pivotal for buyers and sellers. The stability around $0.60 may precede a bullish leap to $0.66, driven by investor confidence and positive developments in the Cardano ecosystem. Failure to breach $0.66 could lead to consolidation or retracement, while a breach could propel ADA toward the $0.70 resistance level. Cardano’s (ADA) recent price movement has captured the attention of investors, with the cryptocurrency hovering around the critical $0.60 mark.  This level is not just a number; it represents a crucial juncture where both psychological and technical factors converge. Over time, $0.60 has proven to be a battleground where buyers and sellers contend fiercely, demonstrating its significance in the market dynamics of ADA. The current steadfastness of ADA around this threshold suggests a robust sentiment among investors, indicating a strong base of support for the cryptocurrency. This stability serves as a foundation for potential upward momentum, with the next target set at approximately $0.66. Achieving this milestone hinges on various factors, including increased investor confidence, positive developments within the Cardano ecosystem, and broader market trends favoring altcoins. However, the path to $0.66 is not without its challenges. While the support at $0.60 provides a safety net for ADA, it also contributes to a tightening price range between $0.60 and $0.66. This squeeze necessitates a significant influx of buying pressure to overcome the upper resistance. Failure to breach $0.66 could result in a period of consolidation or even a retracement for ADA. On the flip side, a decisive breach above $0.66 could pave the way for further gains, potentially towards the $0.70 region. Conversely, if ADA fails to maintain the $0.60 support level, it might face a bearish downturn, with potential fallbacks to lower support zones, such as $0.55 or $0.50. Read also: XRP’s Decisive Moment: Breaking $0.75 Barrier for Bullish Reversal Cardano’s Surging Rally: Will ADA Break the $0.5 Barrier? Cardano Holds Firm Amid Market Volatility: Key Insights XRP’s Resurgence: Top Analyst’s Insight Sparks Hope Can XRP Overcome the $1 Barrier and Target $15? A Close Look at Bent Fork B The post Cardano’s Crucial Battle: Will ADA Surge Past $0.60 Barrier? appeared first on Crypto News Land.

3 days ago
Crypto
ETH,BNB,ARB
Radiant Capital(RDNT)

$0.29

1.34%

Market Cap
128.34m
 

1.34%

Volume (24h)
14.33m
 

16.42%

Released on 21 Jul 2022
CryptoNewsLand
CryptoNewsLand
followers

MATIC is consolidating in a multi-year symmetrical triangular pattern. The release of Polygon ID Release 6 marks significant advancements, including Dynamic Credentials implementation and enhanced on-chain capabilities. MATIC’s potential breakout, contingent on maintaining a close above $0.96, could lead to a target price of $1.73. Polygon (MATIC) has caught the attention of crypto analyst Ali, who identifies a compelling opportunity for investors. Ali highlights the formation of a multi-year symmetrical triangular pattern in MATIC’s price chart, indicating a period of consolidation and potential breakout on the horizon.  #Polygon shows promising signs from a long-term perspective. The prevailing pattern appears to be a multi-year symmetrical triangle. If $MATIC can maintain a close above $0.96, it could signal the start of a bull rally, with a potential target of $1.73! pic.twitter.com/qjgn6sN1oV — Ali (@ali_charts) February 21, 2024 This pattern, characterized by converging trend lines and a balance between buyers and sellers, often precedes significant price movements. Ali suggests that if MATIC maintains a close above $0.96, it could signal the start of a bullish rally with a target price of $1.73, representing an 89.56% increase from current levels.  At the time of reporting, MATIC has shown resilience, registering a 5.21% increase in the last 24 hours, reaching $0.97, and a 7% increase weekly. Beyond technical analysis, Polygon has been making strides in its development ecosystem.  The recent launch of Polygon ID Release 6 marks a significant milestone, enhancing the platform’s digital identity solution. Notably, this release introduces Dynamic Credentials, a W3C protocol enabling automatic credential refresh from user wallets, along with other improvements aimed at addressing key challenges in the Web3 landscape.  These advancements underscore Polygon’s commitment to innovation and its potential to disrupt the digital identity space. As investors eagerly await MATIC’s next move, the convergence of technical indicators and fundamental developments suggests an intriguing narrative unfolding for Polygon enthusiasts. Read also: Worldcoin to Offer User ID Database to Companies, Governments Polygon Primed for a Major Rally After Triangle Breakout How Can MATIC Achieve the Impressive Milestone of $3 in Early 2024? Worldcoin Pauses World ID in Kenya as Regulators Express Concern Polygon Poised for 20% Rally Amid Positive Network Updates The post Polygon Poised for Major Breakout, Analyst Forecasts appeared first on Crypto News Land.

3 days ago
CryptoPotato
CryptoPotato
followers

TL;DR Analysts are optimistic about XRP’s valuation, predicting significant increases in the near future. Certain regulatory developments, among other factors, could propel a significant price rally. Ripple’s Odds of Hitting $1 Despite increasing significantly during the first half of February, the price of Ripple’s XRP has recently pushed the brakes, currently trading below the $0.55 mark. However, the ongoing trends have not stopped multiple analysts from outlining optimistic predictions. The X (Twitter) user EGRAG CRYPTO presented a chart today (February 22), according to which XRP might soon pass through four stages (wicking, ranging, consolidation, and bullish) and reach $1.40 in April. The analyst also envisioned a spike above $0.60 before the end of the month. Dark Defender was bullish, too, suggesting that XRP could surpass the resistance levels of $0.66, $0.77, and $0.91 in the next 60 days. The price projection faced criticism from some X users who claimed that such predictions hardly “ever come to bear fruit.” Dark Defender responded that doubt has been part of the industry for years, reminding about previous successful bets: “When XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time.” The popular trader, using the X handle Doctor Profit, also chipped in, calling Ripple’s token the “next shining bull” and admitting that he had entered its ecosystem with a major investment. Next shining bull is $XRP Bought 500k recently See you in 30-60 days! — Doctor Profit (@DrProfitCrypto) February 20, 2024 Some of the Previous Forecasts Earlier this week, EGRAG CRYPTO and Dark Defender made even more bullish predictions. The former maintained that XRP’s next support levels are $0.75, $1, $1.50, and $1.96, expecting the last to be reached by the end of the year.  Dark Defender assumed that the asset’s price could ascend to $2 by mid-2024 and continue rising to an all-time high of $6 in the following months. Those curious to explore some essential factors that hint about an XRP bull run in the near future could take a look at our dedicated video below: The post Here’s When Ripple (XRP) Will Hit $1.40 According to Popular Analyst appeared first on CryptoPotato.

3 days ago
Crypto Breaking
Crypto Breaking
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Bitcoin looks to be stuck in a consolidation zone between $50,000 and $52,000, with neither the bulls nor the bears succeeding in completely taking control of the trend. This performance has sparked a number of speculations on whether the BTC price has finally found a local top. One of those who have speculated on the price direction is crypto analyst Alan Santana, who has used the Elliot Wave Theory to predict where the price of the cryptocurrency might be headed next. Elliot Wave Points To Correction To $31,800 In the analysis shared by Alan Santana on TradingView, the Elliot Wave theory could point out the direction that the Bitcoin price could be headed next. The theory, which consists of five waves, has so far completed three waves, with the fourth wave expected to happen soon. Given that the third wave is very bullish and the price has risen so fast, the fourth wave is expected to be more bearish. As Santana explains, this fourth wave points toward an upcoming correction. They also reveal that their analysis included Elliot’s Law of Alternation, and applying it to this scenario, the fourth wave is bearish, but would not go as low as the second wave. Source: TradingView.com Once this fourth wave moves into action, the Bitcoin price is expected to see a sharp correction. At the low end of this correction, though, is the $31,800 level, the analyst believes. So, in this scenario, there will be a return to the $20,000s before Bitcoin resumes its next leg up. “This wave four of a higher degree cannot enter the territory of wave two, which puts the lowest price possible for the upcoming correction at $31,805 based on Elliot Wave Theory,” Santana said. He further added that: “Just as wave three would lead to a correction (wave four), wave four invariable leads to another impulse; the final and fifth wave of the higher degree.” Bitcoin Top At $138,000 Not only does the Elliot Wave theory points toward a possible bottom, it also gives an idea for where the Bitcoin top might lie in the fifth wave. The crypto analyst uses one of the two Wave Principle methods to forecast this price, which takes into account the peak of the third wave and then uses that to give the peak of the fifth wave. So far, the local top of this third wave looks to be $52,985, where Bitcoin peaked earlier this week. Since the Wave Principle says that the peak of Wave 5 would be three times higher than that of Wave 3, the analyst multiples $59,985 by 3, which gives a cycle top of $138,714. As for when this peak will roll around, Santana explains that the whole thing could play out by 2025, which is when the peak would take place. “So the potential for the final impulse or fifth wave based on the Elliot Wave Theory system, amounts to $138,714. This can happen sometime in 2025,” the analyst stated. BTC price at $51,700 | Source: BTCUSD on Tradingview.com Featured image from Investopedia, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Elliot Wave Theory Predicts Bitcoin Bottom And Top, Here Are The Targets appeared first on Crypto Breaking News.

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

Polygon’s native crypto asset MATIC appears poised for a major multi-year breakout that could see its price skyrocket over 900% to above $10, according to recent analysis from crypto experts. With MATIC trading around $0.97 at the time of this writing, technical patterns suggest a rally mirroring its historical price action in 2021 is forthcoming. Breaking Out After Consolidation According to crypto analyst Captain Faibik, MATIC is ready to pump hard and repeat the massive historical price gains seen in early 2021. Back then, MATIC surged from around $0.01 after breaking out from consolidation, kicking off a sustained rally that peaked in early 2022 at an all-time high near $2.90 – a 29,000% gain from $.01. Captain Faibik believes MATIC consolidating for over a year presents a similar opportunity, with a breakout signaling the start of a new bull run. Given MATIC’s history, he expects an even larger pump this time, with prices reaching $10 in 2025 – over 900% above the current $0.97 level. Closing Above Key Level Fellow analyst Ali also sees bullish signs for MATIC from a long-term technical perspective. He points to a multi-year symmetrical triangle formation that could be on the cusp of a decisive breakout. In Ali’s view, a daily close above the key resistance level of $0.96 would confirm the start of a new uptrend. Ali’s first upside target from there is $1.73. However, based on MATIC’s historical price action and tendency for massive moves out of long consolidations, Captain Faibik sees far greater upside on the horizon. Multi-Year Breakout Could Fuel Rally to New Highs The confluence of optimistic technical analysis and MATIC’s historical tendency for explosive growth after consolidation periods suggests significant upside potential lies ahead. Given the patterns and bullish indicators, MATIC appears primed for a multi-year breakout that could ultimately send its price well above $10, dwarfing previous all-time highs. With MATIC poised at a critical long-term juncture near $1, analysts say conditions are ripe for history to repeat itself in epic fashion. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Polygon’s MATIC Primed for 900% Following Multi-Year Breakout as ’History Will Repeat Itself’ appeared first on CaptainAltcoin.

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP price has remained relatively flat this week, down a modest 1% to trade around $0.54. Technical analysis shows that XRP recently broke out of a descending channel it had been stuck in since late November, marked by the blue lines on the price chart. However, the price has failed to see any significant pumps and if the current direction continues over the next few weeks, XRP could enter into a sideways trading channel. Notably, the 200-day moving average currently sits at $0.56. As a reminder, the 200-day moving average is a widely followed technical indicator that smooths out price action to identify long-term trends. With XRP still below this level, it indicates the asset remains in bearish territory from a long-term standpoint. Popular crypto analyst Dark Defender offered an optimistic take on where XRP is headed next. In a recent tweet, he noted “When #XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. ‘We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time. Wave 3: this run is in play.” Defender sees the recent price action as the end of the corrective Wave 2, with key support at $0.5198 to $0.5066. From there, he expects XRP to break out and tear through the daily Ichimoku Clouds en route to hitting initial targets at $0.6649, $0.7707, and $0.9191. However, he views $5.85 as the next major inflection point where XRP will see another wave of extreme bullish momentum, akin to when it ran to nearly $2. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – In Defender’s view, the current consolidation sets the stage for the next leg in XRP’s ongoing bull market. And if his wave analysis proves correct, $5.85 serves as the midpoint target for the massive Wave 3 that could send XRP to unprecedented highs over the long-term. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch appeared first on CaptainAltcoin.

3 days ago
Crypto Web3 Today
Crypto Web3 Today
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BNB Price Jumps Surprising 7% as Binance Makes Burn Announcement. BNB, the exchange token of the Binance crypto exchange, has seen a surprising jump of over 7% in the last 24 hours. BNB, which is strongly linked to the performance of the Binance platform, has outperformed the top 10 cryptocurrencies, rising about 10% in the past week. The increase in the BNB price aligns with a recent burn announcement made by Binance. Surprisingly, this particular burn does not entail BNB tokens, leaving room for speculation as to what caused the recent BNB price increase. In a new announcement, Binance stated it will be burning a significant number of BUSD and TUSD B-tokens. The equivalent amount of tokens used as collateral on their native networks will then be released. BNB saw a massive spike on Wednesday, Feb. 21, as bulls consolidated on an earlier rise that began on Monday. The rise continued into early Thursday trading, with BNB reaching an intraday high of $387 at press time. BNB's price has been steadily rising since early December 2023, just after a bullish golden cross appeared on its charts. A golden cross is a bullish chart pattern formed when an asset's short-term moving average (50-day) crosses over its long- term moving average (200-day). A price upswing was validated by the appearance of the bullish golden cross, and BNB began to rise. Following a period of consolidation, BNB resumed its rise in mid-February, breaking the $338 mark. At the time of writing, BNB was up 4.63% in the last 24 hours to $381. The recent price action on BNB left the token's market capitalization at $57.11 billion, making it the fourth-largest cryptocurrency. So far this year, BNB has increased by 24%.

3 days ago

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