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Crypto News
Crypto News
Solana Price Prediction as SOL Becomes 5th Most-Traded Crypto in the World – Adoption Rising?
about 2 hours ago
CryptoPotato
CryptoPotato
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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.

about 5 hours ago
Coinstages
Coinstages
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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.

about 5 hours ago
Btcnews99
Btcnews99
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Resistance was found for Avalanche's AVAX close to the $24.00 mark. Like Bitcoin and Ethereum, it began a decline from $24.05 but stayed in the positive territory.A decline was observed below the $23 and $22 marks. The price fell below the level of the upward rise from the $15.60 swing low to the $24.05 high, which is the 50% Fib retracement. Even below the $20 support zone, it soared. Above $18.80, though, the bulls were active.The 61.8% Fib retracement level of the upward run from the $15.60 swing low to the $24.05 high, as well as $18.80, provided support for the AVAX price. Once more, it is rising and trading above the $20 mark.The 100 simple moving average (4-hour) and the $21 zone were crossed. On the AVAX/USD pair's 4-hour chart, a significant bullish trend line is also forming, with support located close to $20.60. An immediate obstacle on the upswing is located close to the $22.50 region.Technical MeasuresFour-hour MACD: The AVAX/USD MACD is trending upward in the positive zone.Four-hour Relative Strength Index (RSI): The AVAX/USD RSI is currently above the 50 mark.Strong Support Levels: $18.80 and $19.50.Levels of Major Resistance: $22.50, $23.00, and $25.0 #BinanceTournament #Trendingcoins #AVAX #BTC #btcnews99

about 8 hours ago

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