Bitcoin’s rally in the early days of 2025 has given crypto enthusiasts plenty to cheer about. The flagship cryptocurrency surged by 6%, crossing the $98,000 mark and reinforcing its position as a market leader. But while Bitcoin continues to dominate headlines, the real excitement is bubbling in the altcoin market, where innovative projects are stealing […]
Litecoin (LTC) has been experiencing a significant decrease in volatility, with a crypto analyst highlighting an unusual tightening in its bi-monthly (2M) Bollinger Bands (BB). According to an analyst, Litecoin’s current technical setup points to strong potential for a parabolic breakout, with the $130 price mark emerging as a critical resistance zone. Related Reading: Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details Narrow Bollinger Bands To Trigger Litecoin Breakout Prominent crypto analyst Tony Severino shared a price chart on X (formerly Twitter) showing Litecoin’s price action on a bi-monthly time frame, applying Bollinger Bands as a technical indicator to measure a cryptocurrency’s price volatility. The Bollinger Bands examine market volatility by plotting an upper and lower band around a Moving Average (MA), which acts as a basis line. In Litecoin’s case, Severino has indicated that the cryptocurrency’s 2M Bollinger Band width is extremely narrow, underscoring a lack of or significantly decreased volatility. Historically, Bollinger Bands are known to expand during periods of high volatility and tighten at low volatility. Severino’s Litecoin chart displays the upper Bollinger Band marked by the red line, the basis line by a blue line, and the lower band highlighted in the green area. The analyst disclosed that Litecoin’s candlesticks are currently positioned above the basis line at $83.3, indicating potential for bullish momentum. If the price of Litecoin continues upwards and crosses the upper Bollinger band at approximately $130, Severino predicts that it could trigger heightened volatility and an explosive price breakout. Based on historical trends, an extremely narrow Bollinger Band often indicates a potential for a bullish trend reversal after a period of consolidation. Severino’s analysis has pinpointed the upper BB at $130 as a crucial resistance area for Litecoin. A sustained break above this level on a high timeframe could pave the way for more gains, potentially pushing Litecoin significantly above its current market value of around $111.5. According to CoinMarketCap, Litecoin has recorded modest gains, increasing by 6.14% in the past 24 hours. Over the past week, the prominent cryptocurrency has also experienced a higher increase of about 11.7% to its current level. To reach the critical resistance area at $130, Litecoin is required to rise by approximately 18% from its market price. Litecoin Rally Predicted, Targets 38% Upside According to crypto analyst Mike on X, Litecoin is preparing for a significant breakout to a new price high. He forecasts that the cryptocurrency will record a 38% price rally from the breakout point at $106 to reach a fresh bullish target of $146.67. Looking at the analyst’s price chart, Litecoin appears to have broken the $102 resistance level and is approaching its next significant resistance at $122.77. The chart also highlights horizontal lines indicating critical resistance areas for Litecoin. Related Reading: Bitcoin Faces Critical Support Amid Long-Term Holder Selling Pressure—Analyst Mike has pinpointed a key support zone at $99.91 that could act as a safety net for Litecoin during a downtrend. Should Litecoin face a significant price drop below this support, the analyst points to the $86.97 and $74.43 price levels as the next potential support areas. Featured image from Pexels, chart from TradingView
After weeks of consolidation, Ethereum (ETH) appears to be breaking out to the upside from its $3,200 to $3,500 trading range. Bullish technical indicators on the ETH chart, coupled with strengthening fundamentals, suggest significant upside potential for the second-largest cryptocurrency by market cap. Is Ethereum Eyeing $4,000 Target? Last month, Ethereum attempted to breach the […]
In a recent interview with FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency. Thiel Cites Positive Historical Performance Of Bitcoin BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations. Related Reading: Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated: My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do. Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy. For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025. Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year. Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with. The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November. More Companies Adding BTC To Balance Sheet Bitcoin adoption among corporations continues to grow. While MARA Holdings already holds BTC on its balance sheet, rival crypto mining company Hut 8 recently expanded its holdings to more than 10,000 BTC. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report Other firms, such as Japan-based Metaplanet and Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulated over 1 million BTC in under a year since their launch. However, skepticism remains. Japan’s Prime Minister recently expressed caution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
Georgia Representative Mike Collins has disclosed investments in Ether and other altcoins since taking office in 2023.
Leading decentralized finance (DeFi) platform Aave has reached a significant milestone, hitting $35 billion in total net deposits. This marks Aave’s new all-time high (ATH) in net deposits since 2021. Aave Hits $35 Billion In Net Deposits – What’s Ahead? In an announcement made yesterday, the leading DeFi lending protocol Aave revealed that it had reached a new ATH in net deposits since 2021. With $35 billion in net deposits, Aave has solidified its position as the largest DeFi protocol at the time of writing. Related Reading: AAVE Price Soars 26% In A Single Week — Will Rising FOMO Lead To A Bust? To put this into perspective, Aave’s net deposits were $5.5 billion at the end of 2022, increasing to $10 billion by the close of 2023. The current figure of $35 billion at the end of 2024 reflects an astounding surge of over 535% in just two years. The year 2024 proved to be transformative for Aave, with the protocol experiencing heightened user adoption across multiple blockchains. Throughout the year, Aave added support for five new markets, including BNB Chain, Scroll, ZKsync Era, and Ether.fi. According to the announcement, Aave is poised to expand further by potentially adding support for six additional blockchains. These include Mantle, Sonic, Linea, BOB, Spider Chain, and Aptos, pending approval by the Aave decentralized autonomous organization (DAO). For the uninitiated, a DAO is a blockchain-based entity governed by smart contracts and decentralized voting, where decisions are made collectively by token holders without any central authority. DAOs enable transparent, democratic management of protocols in a trustless environment. In addition to expanding to new blockchain markets, Aave launched its latest protocol upgrade, Aave V4. This upgrade introduces significant improvements, such as enhanced modularity, reduced governance overhead, optimized capital efficiency, and innovative features like the Hub and Spoke liquidity architecture. Moreover, Aave’s decentralized, overcollateralized stablecoin GHO is set to witness increased adoption. Plans are in motion to expand its cross-chain support across various smart contract platforms, including Coinbase’s Base and Avalanche (AVAX), by early 2025. DeFi To Make A Comeback In 2025? Following Donald Trump’s victory in the November 2024 U.S. presidential election, DeFi tokens have experienced a significant surge, driven by optimism surrounding favorable cryptocurrency regulations under the new administration. Related Reading: Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both Additionally, DeFi protocols have become increasingly secure, fostering greater user trust and leading to higher deposit volumes and a larger total value locked (TVL). A recent report highlighted that DeFi exploits decreased by 40% in 2024 compared to 2023, signaling improved security across the ecosystem. In addition, Q1 2025 is expected to be bullish for Ethereum (ETH), the second-largest cryptocurrency by market cap, and home to the largest DeFi ecosystem. A positive price action for ETH is expected to benefit major DeFi tokens such as AAVE, Curve (CRV), Compound (COMP), and others. That said, the Solana (SOL) DeFi ecosystem is rapidly gaining traction and catching up with Ethereum in terms of adoption. This development could propel Solana-based DeFi tokens, such as Orca (ORCA) and Raydium (RAY), to reach new highs. At press time, ETH is trading at $3,461, up 4% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
According to a recent report by Steno Research, Ethereum (ETH) is poised to outperform Bitcoin (BTC) in 2025. This outlook is attributed to historical trends and the anticipated impact of favorable cryptocurrency regulations following Republican presidential candidate Donald Trump’s victory in the November election. Will 2025 Be The Year Of Ethereum? While the overall cryptocurrency market surged to unprecedented heights this year – reaching an all-time high (ATH) total market cap of $3.9 trillion – Ethereum, the second-largest cryptocurrency, has lagged behind in terms of price performance. Related Reading: Ethereum Rejected At $4,000 Resistance Again: What Lies Ahead For ETH? However, Steno Research’s report suggests Ethereum could finally achieve a new ATH in 2025, driven by increased institutional investment and supportive regulatory developments. The report predicts that ETH could climb to at least $8,000 in the upcoming year. Bitcoin is also expected to hit a new ATH of $150,000 in 2025, but Ethereum may more than double from its current price of $3,400. Additionally, the ETH/BTC trading pair is forecasted to rise from 0.035 to 0.06 within the next 12 months. The weekly chart below illustrates ETH’s declining performance against BTC since September 2022. However, the pair is now hovering near a crucial support level at 0.035, with expectations of a rebound to the 0.06 level, which was last seen in February 2024. Steno Research’s optimistic forecast for Ethereum underscores a potential bullish momentum for altcoins in 2025. Mads Eberhardt, an analyst at Steno Research, stated: This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin. The report adds that Bitcoin dominance (BTC.D) – a metric used to gauge the proportion of the total crypto market cap commanded by BTC – is expected to tumble to as low as 45% from its current level. The following weekly chart demonstrates BTC.D’s sustained uptrend since September 2022, rising from a low of around 39% to a peak of 61%. However, recent price action suggests a lower high has been formed, signaling a potential sharp decline to around 45%. DeFi Activity To Rebound In 2025 The report further predicts a resurgence in decentralized finance (DeFi) activity within Ethereum’s ecosystem in 2025. Specifically, the total value locked (TVL) in decentralized applications is expected to hit a new high of $300 billion next year. Related Reading: DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report Renewed interest in DeFi could further drive higher altcoin prices in 2025. Notably, ETH jumped 10% following Trump’s November election victory, as improved sentiment surrounding DeFi regulations boosted market confidence. In addition, strong inflows attracted by spot Ethereum exchange-traded funds (ETF) further strengthen the bullish case for ETH heading into 2025. At press time, ETH trades at $3,417, up 3% in the past 24 hours. Featured image from Unsplash, charts from Tradingview.com
Ethereum‘s long-term outlook appears to be quite positive as ETH sees a wave of bullish predictions about a move to unprecedented heights in the ongoing market cycle. As ETH navigates the volatile phase, a shift in momentum might signal the start of its next major price surge. $8,000 Price Target Remains Within Reach For Ethereum […]
With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason. Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that “Render is poised to become a key player in the virtual future,” pointing to its $3.66 billion market capitalization as evidence of investor confidence. Following closely is Virtual, an AI-driven avatar initiative that is pegged at $3.41 billion in market cap, with Wacy touting Virtual as “the growth leader in 2024 in the virtual avatar sector” and predicting increasing adoption for metaverse, gaming, and social media applications. Wacy also turns his attention to SEKOIA, mentioning its focus on identifying and mentoring emerging AI talent. Although smaller in scale at a $94 million market cap, this autonomous AI investment agent uses advanced pattern recognition and quantifiable predictions to gain a foothold in a competitive space. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Next in line for the best altcoins in 2025 is Pengu, which he calls “the official coin of Paddy Penguin, a major force in crypto.” Its substantial community and cultural traction reflect a hefty $2.28 billion market valuation, and its omnipresence in ETF ads combined with over 90 billion visits appear to confirm its cult-like following. The list of best altcoins continues with Clearpool (CPOOL), a Decentralized Capital Markets Ecosystem valued at $341 million that provides insured loans to institutional borrowers in the DeFi arena through a dynamic interest model. The analyst noted that Clearpool’s approach to decentralized lending could offer a unique avenue for strategic investors. He also spotlights Bittensor (Tao), a project intent on decentralizing AI solutions through an open ecosystem, weighed at $3.48 billion, and Hyperliquid (HYPE), a decentralized perpetuals exchange living on its own L1 with a $9.23 market cap. He describes Hype’s vision as “a high-speed, low-cost, transparent solution for perpetual futures,” though he advises caution, remarking that prospective investors should “research to understand its risks and potential.” Io.net, which sits at $397 million, is categorized as a decentralized GPU network that reduces costs for AI developers, while CFG (Centric) aims to bridge DeFi with real-world assets. This $162 million project focuses on stable returns generated from real fiat value rather than solely leveraging volatile crypto. Akash Network (AKT), valued at $746 million, is labeled by Wacy a “supercloud” that transforms cloud computing through a decentralized marketplace, and Ethena (ENA), at $2.69 billion, provides a synthetic dollar protocol on Ethereum, touted as “a crypto-native, bank-free solution for money.” Wacy’s list also featured Helium (HNT) with a $1.13 billion market cap, identified for its decentralized IoT network, and Griffain in the Solana ecosystem, with a $211 million market cap, delivering scalable DeFi solutions for token swaps while upholding transparency. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst also highlights Grasso (GRASS) in his list of the best altcoins for 2025 and its $683 million market cap, describing its decentralized data collection network for AI training as both functional and user-friendly. VitaDAO (VITA) is in Wacy’s focus because of its community-governed DAO funding longevity research. Its compact $54 million market cap appears poised for growth as members actively engage in decision-making and ownership, signifying a communal approach to biotech research in crypto. Spectral, carrying a $194 million market cap, offers on-chain agents for easier application creation and includes a syntax tool that transforms natural language into Solidity. ETIGEN, or Energy Layer, at $170 million, extends novel concepts of restorative energy on Ethereum, and ONDO, with an impressive $2.83 billion market cap, aims to open up institutional-grade DeFi services and real-world asset (RWA) tokenization. Wacy further singles out AIXTB, at $377M, which monitors crypto-related discussions via a proprietary engine to uncover high-sentiment opportunities, and Ether.fi (ETHFI), priced at $446M, which supports non-custodial ETH staking and DeFi integration. Throughout his breakdown, he underscored the cyclical nature of the crypto market, stating that these best altcoins “could see significant growth in 2025” once capital flow rotates away from Bitcoin and into high-potential altcoin narratives. His overall thesis hinges on what he perceives as a predictable pattern in every major market cycle. “Altcoins typically pumping when BTC Dominance starts a strong downtrend,” the analyst wrote. He cited the example from 2021, when Bitcoin’s dominance fell from around 73% to 40%, triggering a monumental rally for altcoins like SOL, ADA, and DOGE. Pointing out that current BTC dominance is about 55%, which he calls a “significant resistance zone,” he predicts a swift drop to 40% if a breakdown occurs. “As I mentioned before, my bet for the altseason is in the spring of 2025,” he said, while admitting that he also shares the common sentiment of disbelief that surrounds every cycle. “That’s okay, it means the market is doing a good job of ‘smoking people out.’ Patience friends, patience always pays off,” he concluded. At press time, the Bitcoin dominance (BTC.D) stood at 58.02%. Featured image created with DALL.E, chart from TradingView.com
Ethereum (ETH) – the second-largest cryptocurrency by market capitalization – may finally seize its moment in Q1 2025. Crypto experts have taken to X to share their analyses of a potentially bullish start to the new year for ETH. Ethereum Bullish Price Action In Q1 2025? Although Ethereum is up by almost 43% on a year-to-date (YTD) basis, its performance pales in comparison to Bitcoin (BTC) which has appreciated by more than 115% in the same period. In addition, various alternative Layer-1 blockchains, such as Solana (SOL) and SUI have vastly outperformed ETH throughout 2024. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? However, the momentum may soon shift in ETH’s favor, as experts suggest that Q1 2025 could mark a bullish phase for the world’s leading smart contract platform. According to crypto analyst Crypto Bullet, ETH appears to be forming a bullish pennant on the daily chart, with a potential breakout to $6,000 expected by March 2025. Similarly, cryptocurrency expert Anup Dhungana highlighted another bullish pattern forming on the weekly chart. He pointed to an inverse head-and-shoulders pattern – a widely recognized bullish indicator that suggests an impending price surge. Based on Dhungana’s analysis, ETH could soar to as high as $8,000 by May 2025. However, he also warned that the digital asset may first experience a dip to $2,800 before reaching new all-time highs (ATH). Veteran crypto analyst Quinten Francois also shared an interesting perspective. He noted that ETH has historically recorded exceptional gains during Q1 of the year following a US presidential election. If this historical pattern holds, Q1 2025 could be extraordinarily bullish for Ethereum. ETH Staking To Create Supply Crunch? In addition, Galaxy Research shared some price predictions about Ethereum heading into 2025, saying that the digital asset will trade above $5,500 in 2025 due to potentially favorable regulations surrounding staking and decentralized finance (DeFi). Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory Galaxy Research also projected that Ethereum’s staking rate will surpass 50%, creating a supply crunch that could trigger a sharp price increase. The firm explained: The Trump administration is likely to offer greater regulatory clarity and guidance for the crypto industry in the U.S. Among other outcomes, it is likely that spot-based ETH ETPs will be allowed to stake some percentage of the ETH they hold on behalf of shareholders. Demand for staking will continue to rise next year, and likely exceed half of Ethereum circulating supply by the end of 2025, which will prompt Ethereum developers to more seriously consider changes to network monetary policy. Additionally, Galaxy Research suggested that the ETH/BTC trading pair will close 2025 trading above 0.06, buoyed by anticipated regulatory tailwinds. A rise in this trading pair from its current lows of approximately 0.03 could serve as a catalyst for the much-awaited altseason. Recent analysis by crypto analyst Carl Runefelt also foresees a big move for ETH at the beginning of the new year. At press time, ETH trades at $3,345, down 0.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Amid the broader decline in the global crypto market, Ethereum emerged as one of the major cryptocurrencies that has been impacted significantly. Despite already being underperformed in the recent bull run, Ethereum has now experienced a notable correction, dropping to as low as below the $3,500 price level in recent weeks. While this price performance from ETH might have led investors to lose interest in Ethereum for now, recent data from the CryptoQuant platform suggests a possible turnaround, with key indicators pointing towards renewed market confidence. Related Reading: Is Ethereum Ready To Break Out? Key Indicators Suggest Strong Market Confidence Funding Rates Indicate Renewed Confidence Among Traders A CryptoQuant analyst, ShayanBTC, highlighted Ethereum’s futures market developments in a recent analysis titled “Ethereum Futures Market Signals Potential Rebound After $3K Correction.” The analysis from Shayan reveals that the futures funding rates, which act as a sentiment gauge for traders, have shown signs of stabilization after the price drop, hinting at a potential recovery. According to the analyst, Ethereum funding rates have shown an increase after the recent sharp correction, indicating a higher appetite among traders for long positions. Notably, funding rates are a mechanism in perpetual futures contracts where traders holding long positions pay short sellers, or vice versa, depending on market sentiment. When funding rates rise, it typically suggests that traders are leaning towards a bullish outlook. Shayan disclosed that the spike in funding rates implies increased demand for Ethereum at its current price level, signaling that traders expect a bounce-back from the $3,000 region. The analyst further explained that such behavior often precedes significant upward price movements, particularly when combined with a period of market consolidation. In his words: The recent spike in funding rates suggests an influx of buyers, which, if sustained, could drive a substantial bullish rebound. This renewed buying pressure has the potential to push Ethereum toward the crucial $4K resistance in the short to mid-term. Ethereum Market Performance After weeks of consistent decline, Ethereum currently trades at a price of $3,310, at the time of writing down by 1.5% in the past day. This market price marks a 32.2% decrease away from its all-time high (ATH) of $4,878, recorded in November 2021. Interestingly despite the drop in ETH’s price, the asset has still managed to see a slight increase in trading volume in the past day. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Particularly, as of this time yesterday, ETH’s daily trading volume stood at a valuation below $15 billion, however, at the time of writing, the asset’s daily trading volume valuation sits at $20.6 billion. Featured image created with DALL-E, Chart from TradingView
Recent Ethereum market swings have revealed an interesting disparity between price and network activity. Staking activity has kept rising while ETH retreated to $3,400, a 16% drop from its December peak. Related Reading: Whales Are Back: Dogecoin Price Forecast Soars To $20 Due to investors staking record amounts of ETH, the total staked assets have exceeded expectations. Even while short-term price fluctuations have led some to doubt Ethereum’s viability, this surge in staking is a sign of growing confidence in the cryptocurrency’s long-term worth. Investor Confidence Indicated By ETF Inflows Another significant development is the increase in exchange-traded funds (ETFs) that are concentrated on Ethereum. The net total of $2.68 billion has been amassed over the past 25 days, with ETF inflows recorded on 23 days. On December 27, the total net assets of ETFs exceeded $12 billion as a result of the nearly $48 million in daily inflows, data from SoSoValue shows. The Ethereum ETF offered by BlackRock has garnered the majority of these investments, underscoring the institutional interest in ETH in defiance of the recent price decline. The popularity of Ethereum spot ETF reflects the larger crypto market, in which ETFs are starting to be a preferred choice for both institutional and ordinary investors. On the other hand, significant inflows of Bitcoin ETFs in recent months suggest that traditional financial markets are progressively welcoming digital assets. Price Action And Broader Market Dynamics Ethereum’s price decline, on the other hand, illuminates an alternative narrative. Ether’s price drop is likely to be driven by profit-taking following its recent rally and broader macroeconomic uncertainties, as the cryptocurrency market remains volatile. Regulatory pressures and concerns about the likelihood of another interest rate rise have accentuated the cautious mentality of traders. Despite the slump, some analysts see this as a time of consolidation rather than cause for worry. They note that Ethereum’s staking and ETF inflows are strong markers of long-term market confidence. Broader Perspective Ethereum’s most recent advancements occur amid an atmosphere of optimism regarding its ecosystem. Continued attention is being drawn to recent enhancements, such as the transition to proof-of-stake and ongoing scalability improvements. These developments are enabling Ethereum to preserve its leadership in non-fungible tokens (NFTs) and decentralized finance (DeFi). Related Reading: Bitcoin As A Strategic Asset? CryptoQuant CEO Questions US’s Next Move It’s important for investors to keep a long-term view while also being able to handle short-term fluctuations. The changing nature of crypto investing can be seen in the growing use of ETFs and staking. The price of Ethereum may go up and down, but its network and use cases are still strong. Featured image from Infobae, chart from TradingView
Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now. According to recent data, El Salvador has now crossed the 6,000 BTC threshold. This makes El Salvador the sixth country behind the likes of the US, the UK, and Bhutan to hold 6,000 BTC or more. El Salvador’s Bitcoin Strategy Reaches New Milestone Unlike countries like the US and the UK, whose Bitcoin holdings are from seized assets from criminals, El Salvador’s Bitcoin holdings have been through consistent purchases. Notably, El Salvador’s deliberate and consistent approach to building a Bitcoin reserve has been a cornerstone of President Bukele’s vision to establish the small Central American country as a leader in the crypto industry. Related Reading: Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key According to data from the official website of El Salvador’s Bitcoin portfolio tracker, the country added another BTC to its reserve in the past 24 hours. This BTC was acquired at $94,702 and essentially pushed the total holdings to 6,000.77 BTC. Interestingly, a detailed look at the data shows that El Salvador has purchased around 50 more BTC since the beginning of December. This growth has mostly been consistent with 1 BTC purchased each day, except for December 20 and December 22, which were highlighted by purchases of 11 BTC. At the time of writing, El Salvador’s Bitcoin stash is worth a little over $570 million. This value has grown massively in the past three months and could grow more in 2025. Particularly, El Salvador’s Bitcoin portfolio reached a peak value of $643 million on December 17 when the Bitcoin price peaked at $108,135. Image from bitcoin.gob.sv Outlook For El Salvador’s Bitcoin Stash Despite initial skepticism from international organizations and financial experts, this strategy appears to have yielded positive results over time, largely due to Bitcoin’s price surge this year. According to data from nayibtracker.com, El Salvador is currently sitting on $157 million in profit from its Bitcoin purchases, having bought its 6,000 BTC at an average price of $45,465. El Salvador’s first Bitcoin purchase was made in September 2021 and is currently showing no signs of stopping soon. However, the country did reach an agreement recently with the IMF to scale back its Bitcoin purchase trends in order to be able to secure funding. Although this agreement was made on December 18, El Salvador doubled down and bought 11 more BTC just days later. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst At the time of writing, Bitcoin is trading at $95,030. Technical analysis suggests that the cryptocurrency is on track to reach new highs by 2025, with peak price targets ranging from $150,000 to $1 million. This, in turn, is going to allow the value of El Salvador’s Bitcoin portfolio to keep growing. Featured image from Getty Images, chart from TradingView
Egrag Crypto, a well-known crypto analyst on the social media platform X, recently shared an optimistic price prediction for XRP. According to the analyst, technical analysis of the XRP price on the weekly timeframe suggests that XRP is on track to reach a price target of $15 by May 5, 2025. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a long-term bullish outlook for the altcoin despite its recent decline over the past week. This is because the XRP price has been on a decline since the past seven days alongside the rest of the crypto market. Fibonacci And Elliott Wave Analysis For XRP According to Egrag Crypto, the Fibonacci 1.618 level indicates that May 5, 2025, could be a pivotal date for XRP’s price trajectory in the long term. His technical analysis uses auto-Fib time zones and trend-based Fibonacci on the weekly XRP timeframe price chart. Interestingly, this timeline aligns closely with the general sentiment surrounding XRP, as many crypto participants are currently looking forward to a surge in the first half of 2025. As such, the analyst also noted that it remains uncertain whether the predicted surge to $15 will occur before or after this predicted date. Speaking of price timeline, the $15 target is based on actual calculations and the Elliot Wave theory. According to the analyst, XRP is currently in Wave 4, which is the second corrective phase in the Elliot Wave theory. Once this phase is completed, Wave 5 is expected to be the next major move. Wave 5 is traditionally known for being the third impulse wave that pushes the asset’s price to new highs. To estimate the magnitude of Wave 5, the analyst examined the performance of the previous impulse waves 1 and 3. Notably, Waves 1 and 3 were highlighted by price increases of 63.39% and 570%, respectively. Using these figures, Egrag Crypto applied a common Elliott Wave principle that suggests Wave 5 often equals 61.8% of the combined gains of Waves 1 and 3. By applying this school of thought and punching in the numbers, Wave 5 is expected to result in an approximate price increase of around 391% for XRP. In terms of a price target, this translates to a price range around $15. Is A Long-Term Bullish Trajectory Still Valid For XRP? Despite XRP’s current decline over the past seven days, mirroring a broader market downturn, this technical analysis provides a counterpoint to the short-term bearish outlook. Particularly, XRP has been on a decline since it peaked at $2.82 on December 3. Related Reading: XRP Forms Bullish Flag Pattern: What’s Next For The Altcoin? At the time of writing, XRP is struggling to reclaim the $2.20 price level and is still facing selling pressure among some holders. Nonetheless, the cryptocurrency’s fundamentals point bullish, and it could easily resume its price surge anytime soon. At the time of writing, XRP is trading at $2.18 Featured image from Outlook Business, chart from TradingView
In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 […]
The TRON blockchain has been making significant strides in the cryptocurrency market, recording a notable increase in network fees and transaction activity. Particularly, over the past year, the TRON network has consistently demonstrated growth across multiple key metrics, reflecting increased adoption and participation from larger players in the digital asset market. Related Reading: Inside Trump’s […]
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins. This phase is driven by a shift in Bitcoin’s dominance […]
With recent price developments, Solana could be set for a major rally in the coming days or weeks. Due to the general market’s resurgence, several bullish forecasts from seasoned crypto analysts suggest that the altcoin might be entering the next phase of its bull cycle. Breakout Setting The Stage For A Bullish Surge In Solana’s […]
Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). This metric evaluates an asset’s price risk relative to historical data, providing a clearer picture of whether the current price levels are suitable for investment or if caution is warranted. Related Reading: Toncoin Consolidates: Could A Breakout Push TON Higher? Toncoin Current Market Outlook The NMR uses moving averages such as the 50-day and 374-day simple moving averages (SMA) along with logarithmic differences in price data to determine risk exposure. A normalized score ranging between 0 and 1 indicates the level of risk, with values closer to zero suggesting a lower chance of price decline. According to Wedson, TON’s current placement in the green zone signals reduced risk, making it an appealing opportunity for investors seeking long-term exposure to the asset. The analysis further suggests that while the medium and long-term risk profiles appear favorable, there remains a possibility for TON’s price to revisit historically significant support zones, often referred to as the “blue zone” on price heatmaps. Historically, these levels have served as price floors and accumulation points for investors expecting future price appreciation. Open Interest Decline and Market Volatility Trends Another CryptoQuant analyst, Maartunn, has added further context to Toncoin’s current market stance. According to his observations, TON’s Open Interest (OI) in the futures market has decreased to $141 million, marking the lowest level observed in the past nine months. Open Interest refers to the total value of outstanding futures contracts and is a key indicator of market sentiment and participation. A decline in Open Interest generally signals reduced market activity and lower volatility. While this trend is specific to TON, it reflects a broader pattern across the cryptocurrency market as the year comes to a close. Historically, periods of low Open Interest are often followed by significant price movements, either upward or downward, once liquidity returns to the market. Related Reading: Toncoin’s 90-Day Returns Turn Positive: Is A Massive Rally On The Horizon? Lower Open Interest combined with Toncoin’s favorable risk metrics may suggest a period of price stability and reduced volatility. Risk-Adjusted Returns and Drawdowns: A Look at Unrealized Profits in TON “The Open Interest and Funding Rates chart complements this narrative by highlighting steady open interest levels, which demonstrate sustained participation in the TON ecosystem.” – By @ShivenMoodley More… pic.twitter.com/DIpNabROij — CryptoQuant.com (@cryptoquant_com) December 24, 2024 Featured image created with DALL-E, Chart from TradingView
While Ethereum (ETH) has once again failed to break through the stubborn $4,000 resistance level, BlackRock’s iShares Ethereum Trust ETF has quietly accumulated over one million ETH. This milestone reflects strong institutional demand for Ethereum, even as its price performance in 2024 remains lackluster. Institutional Interest In Ethereum On The Rise Year-to-date (YTD), Ethereum – […]
The latest report from CoinShares, a leading digital asset investment firm, reveals that last week’s performance for crypto asset investment products was mixed. According to the report, the market experienced inflows totaling $308 million, marking a continuation of positive trends. However, there was also a series of outflows that amounted to roughly $1 billion. Related […]
In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding its prospects for 2025. Bitstamp, a cryptocurrency exchange, excites investors with its promising future. The XRP Army, a dedicated group of aficionados, is feeling hopeful after Bitstamp declared that the altcoin will “make history” next year. Related Reading: XRP Holds Key Demand Level – Whale Activity Suggests Strength A Year Of Development And Transformation For XRP, 2024 has been a great year. The digital asset has gained more than 250% since the March 2020 low of $0.1151 up to a current high of $2.30. The impressive gain comes after significant events that have made the climate for cryptocurrencies improve, like Donald Trump’s election victory and Securities and Exchange Commission Chair Gary Gensler’s resignation. $XRP gonna make history next year — Bitstamp (@Bitstamp) December 20, 2024 Amid challenges such as ongoing legal disputes with the SEC, XRP was able to avoid a prolonged consolidation trend that had been in place for over three years. Analysts are optimistic about the prospects of XRP by 2025. There are projections that it will be at a historic high of $3.55 in the first quarter of 2025. Other projections see prices going as high as $5 to $20. However, these projections are coupled with a sense of warning because there’s always market volatility in the picture. Key Drivers Influencing XRP’s Outlook Several elements are seen coming into play in the trajectory of XRP’s performance next year. The expected approval of an XRP exchange-traded fund (ETF), which could so increase investor confidence, could be one main stimulus. Moreover, the resolution of Ripple’s legal headaches with the SEC should give the market some stability and clear direction. Although optimism exists, other analysts caution that not all investors will benefit from the expected price increase of XRP. An analyst said that a big number of holders might be disappointed if their expectations don’t materialize. Related Reading: Ethereum Accumulation Address Holdings Surge By 60% In Five Months – Details The Road Ahead For XRP XRP’s path seems to be set for major benchmarks as we go toward 2025. The community of cryptocurrencies expects price swings but also innovations and further acceptance of Ripple’s coin. Forecasts indicate that XRP requires a 60% rise to reach its prior all-time high, which is the cause for great hope regarding a major comeback. Featured image from AscendEX, chart from TradingView
This is the year of memecoins. Popular meme coins like DOGE, BONK, Pepe and FLOKI have managed to garner a lot of attention. Even newer memecoins such as Wall Street Pepe and Flockerz have also left a mark in the market in just a few days. Overall, it was a good year for meme coins […]
Due to yesterday’s crypto market rout, Ethereum (ETH) has now faced rejection at the key $4,000 resistance level for three times since March 2024. The second-largest cryptocurrency by reported market cap is now trading at the $3,400 level, down 6.7% in the past 24 hours. What’s Behind Ethereum’s Underwhelming Price Performance? While ETH has posted a respectable 47% year-to-date (YTD) gain, it has been outpaced by other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP, which have recorded significantly higher returns in the same period. Several factors appear to be holding back Ethereum’s price momentum. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains One contributing factor is Ethereum’s comparatively weaker brand recognition versus Bitcoin. This was highlighted by the lackluster response to the launch of spot ETH exchange-traded funds (ETFs) in August. The introduction of these ETFs failed to generate any meaningful price movement for ETH. Data further reveals a significant disparity in investor interest between the two assets. The total net assets held in U.S. spot ETH ETFs currently amount to $11.98 billion. In contrast, spot BTC ETFs hold $109.66 billion – nearly ten times as much. Additionally, yesterday saw over $60 million in outflows from spot ETH ETFs, marking the largest single-day outflow since November 19. Crypto analyst Ali Martinez pointed out that social sentiment around ETH has reached its lowest point in a year. However, based on historical trends, this could paradoxically signal a bullish opportunity for Ethereum. Futures traders have also turned bearish on ETH, as the aggregated premium for futures positions flipped negative for the first time since November 6. The market downturn triggered Ethereum’s largest liquidation event since December 9, with $299 million liquidated in a single day. Such large-scale liquidations often lead to cascading sell-offs and heightened price volatility. Another recurring concern stems from the Ethereum Foundation’s tendency to sell ETH near local price peaks. In a recent X post, Lookonchain noted that the Ethereum Foundation sold 100 ETH on December 17. Following this sale, ETH’s price has dropped approximately 17%. Further skepticism surrounds Ethereum’s supply issuance. A recent Binance Research report highlighted that ETH’s relatively high issuance rate raises questions about its “ultrasound money” narrative, which suggests Ethereum is a deflationary asset. Is Ethereum Set For A Bounce? Seasoned crypto analyst @Trader_XO stated that they bought spot ETH at the $3,200 price level yesterday. The analyst added that they expect “a good few weeks” of price consolidation before ETH’s next leg up. Related Reading: 7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH? Meanwhile, crypto trader @CryptoShadowOff identified a potential ascending triangle formation on ETH’s monthly chart. According to their analysis, ETH could drop further to the $2,800 range before targeting a new all-time high (ATH). Market analyst @CryptoBullet1 emphasized that on the 4-hour chart, ETH has not been this oversold since August 5, indicating a bounce may be on the horizon. At press time, ETH trades at $3,400, down 6% in the past 24 hours. Featured image from Unsplash, charts from Coinglass, X, and Tradingview.com
XRP has crashed alongside the rest of the cryptocurrency market, but this analyst thinks the asset could be the one to find a quick recovery. XRP Has Been The Top Traded Altcoin On Binance This Month In a new CryptoQuant Quicktake post, community analyst Maartunn has talked about how the altcoins currently compare against each other based on their monthly Binance futures trading volumes. The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading on a centralized exchange. In the context of the current topic, the platform is Binance. Below is the chart shared by the analyst that shows the trend in the monthly value of this metric for various top altcoins in the sector. From the graph, it’s apparent that during most months of this year, Solana (SOL) dominated the trading volume on the exchange. A shift has occurred in the market during the past couple of months, however, as SOL has lost its number one spot. Last month, it was Dogecoin (DOGE) that managed to surpass the asset to become the number one altcoin in this metric, while this month, XRP has overtaken both of them. So far, XRP has seen trading volume amounting to $116.6 billion on the exchange. This value is also certain to go even higher, as this month of December still has one-third of the way to go. While Binance doesn’t make up for the entire sector, the exchange is still the largest in terms of volume, so the trend on there can be representative of the wider market. “It’s important to track the top-traded coins on Binance, as they should be your main focus when trading altcoins,” notes Maartunn. During the last couple of days, the entire cryptocurrency sector has witnessed a crash. Based on the monthly Binance volume, though, the analyst says, “XRP seems to be one that could recover quickly.” In some other news, the market plummet in the last 24 hours has meant that the derivatives side of the cryptocurrency sector has registered a massive amount of liquidations, according to data from CoinGlass. Out of the $1.40 billion liquidations that have occurred inside this window, XRP-related contracts seem to have contributed for around $42 million, as the below heatmap shows. Interestingly, Dogecoin and Solana appear to have seen a larger flush than XRP. This may be down to the fact that both of these assets have also witnessed a deeper price drawdown. XRP Price During the latest crash, XRP briefly slipped under the $2.0 level, but it seems the coin has managed to recover back above the mark for now as its price is trading around $2.1. Featured image from Dall-E, CoinGlass.com, CryptoQuant.com, chart from TradingView.com
The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% of its value during the last three days. The broader market is still bearing the brunt of Bitcoin’s crash, worrying both investors and speculators. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market Overview: A Sudden Change The recent drop in the value of crypto assets has caused around $787 million to be lost through liquidations of different types of digital assets. Dogecoin, which is often considered as a joke, has been among the hardest hit. Approximately $29 million in DOGE liquidations were recorded recently, with bullish positions suffering the most losses, according to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% decline. Macroeconomic issues influencing more general market movements can help to explain this fall. The Federal Reserve’s concern about interest rate cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin followed suit after Bitcoin’s value dropped to the $94k level. A Closer Examination Of Liquidation Issues Approximately $24 million in bullish wagers on Dogecoin were liquidated in the past 24 hours, while $5.93 million in losses were attributed to short positions. The market’s present extreme volatility is underscored by this wave of liquidations. Dogecoin is currently approaching critical support levels, as noted by analysts. Some analysts have speculated that it could fall below $0.20 if adverse momentum persists. Key support levels for DOGE are being closely monitored by market analysts. The Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which could indicate a potential rebound if traders are able to effectively defend the critical price zones. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite the present challenges, market watchers’ future expectations of Dogecoin remain high. Some analysts believe that DOGE’s capacity to maintain a weekly closing above $0.26 will help to create a recovery rally toward higher goals. Still, the reality of continuous market pressures and unpredictability helps to temper this hope. As they negotiate this stormy terrain, many traders are left wondering how low Dogecoin might fall before it finds solid ground. Given the expected significant price swings in the next days and weeks, all eyes will be on this famous meme coin as it tries to recuperate in the face of a difficult crypto climate. Featured image from DALL-E, chart from TradingView
Bitcoin (BTC) tumbled from a high of $108,135 on December 17 to $99,500, following US Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks yesterday. However, some crypto analysts are pinning their hopes on a potential decline in Bitcoin Dominance (BTC.D) that may pave the way for an altseason. What Caused The Crypto Market Crash? Since […]
As 2025 draws near, market experts are talking a lot about how much Ethereum and Solana are competing with each other. Both cryptocurrencies have grown by leaps and bounds in 2024, nevertheless, perspectives vary on which will finally prevail in the altcoin industry in the forthcoming year. Related Reading: XRP Will Create Millionaires, Analyst Declares In Wealth Projection The Swift Ascendancy Of Solana Solana’s outstanding numbers have attracted interest. It outperformed Ethereum in several important benchmarks in December, including application income and decentralized exchange (DEX) volume: Solana brought in about $141 million in application income; Ethereum earned $93.56 million. Moreover, Solana’s decentralized exchange volume attained an impressive $67.43 billion, in contrast to Ethereum’s $52.37 billion. This development has prompted several experts to forecast that Solana may surpass Ethereum as the preeminent cryptocurrency by 2025. Analysts credit Solana’s success to its rapid transaction speeds and minimal costs, rendering it especially attractive for decentralized finance (DeFi) applications and non-fungible tokens (NFTs). The forthcoming Firedancer upgrade is anticipated to improve Solana’s network performance, potentially reinforcing its status as a pioneer in the DeFi sector. Will Ethereum Outpace Solana? Though Solana’s stats are excellent, Bitwise CIO Matt Hougan notes the fast development of Ethereum’s ecosystem and projects that will allow it to surpass Solana by 2025. He emphasizes how Layer-2 solutions such as Base, Optimism, and Arbitrum help Ethereum’s scalability, thereby bridging the gap between institutional trust and daily access. People’s mental model of Ethereum is out of date. The common consensus is Solana is cheap/easy/fun and Ethereum is slow/unwieldy/expensive. But look at what’s happening in the AI agent space. Some of the most exciting “fun” projects, like Clanker and Virtuals, are playing out… — Matt Hougan (@Matt_Hougan) December 18, 2024 Hougan points to Ethereum’s increasing competitiveness with Solana’s user-friendly appeal, therefore negating its antiquated reputation for being slow and costly. He also mentions the success of initiatives like Clanker and Virtuals on the Ethereum Base network, proving their capacity to encourage creativity while preserving a strong infrastructure. The Institutional Attraction Of Ethereum Conversely, Ethereum has remained active. It recently attracted over $850 million in institutional capital inflows to exchange-traded funds (ETFs), demonstrating its sustained attractiveness to investors. The anticipation of Ethereum’s Petra upgrade enhances the enthusiasm, promising substantial enhancements in speed and overall performance. Additionally projected to grow is Ethereum’s price. Depending on the increase of ETF sponsorships and institutional interest, some analysts estimate it might value $6,000 to $7,000 by 2025. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report A Competitive Environment Both cryptocurrencies exhibit special strengths and shortcomings as we get toward 2025. Ethereum, according to Hougan, is more likely to succeed going forward given its explosive rise in transaction volume and user interaction. Still, one cannot overlook Solana’s institutional support and great ecosystem. Featured image from DALL-E, chart from TradingView
Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces. Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and Ethereum) hovers around $1.05 trillion. Key Factors For Impending Altcoin Season The expert points out that the current altcoin market cap is nearing its previous high of $1.13 trillion from November 2021. He recalls a similar scenario from February 2021, when the altcoin market cap tested the highs from January 2018 before breaking through. This breakout resulted in an impressive surge from $360 billion in February 2021 to $1.13 trillion by November 2021—an increase of over 200%. Davis firmly believes that once the altcoin market cap surpasses the $1.13 trillion threshold again, we could witness one of the largest altcoin seasons in the history of cryptocurrency. Related Reading: Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin Several key factors contribute to Davis’s optimism regarding the impending altcoin surge: Bitcoin’s Performance: Currently at all-time highs, the Bitcoin price strength often catalyzes interest in altcoins. Political Transition: With Donald Trump set to take office in just 34 days, market sentiment may shift favorably towards cryptocurrencies. Global Rate Cuts: Central banks worldwide are reducing interest rates, which typically increases liquidity in the market. Increased Capital Investment: An influx of cheap capital is making its way into the cryptocurrency space, setting the stage for potential growth. Risk-On Environment: The current market conditions are among the strongest for risk-on assets, creating an ideal backdrop for altcoin investment. Rally Anticipated As Bitcoin Dominance Rises Echoing Davis’s sentiments, crypto analyst Miles Deutscher emphasizes that the real altcoin season has yet to commence. He points to compelling historical evidence suggesting that alt-seasons are not mere coincidences but rather distinct seasonal phenomena backed by statistical patterns. Historically, Ethereum (ETH) has shown impressive returns from January to May, often outperforming Bitcoin during this period. During these months, Ethereum averages about 28% monthly returns, compared to a mere 3% for the rest of the year. Related Reading: MicroStrategy’s Bankruptcy Risk: CEO Warns Bitcoin Must Drop To $16,500 To Trigger Collapse In addition, the analyst asserts that the current environment is particularly favorable for this rotation, as Ethereum has historically outperformed Bitcoin by approximately 20% per month during alt-seasons. As Bitcoin’s performance strengthens, so too does the likelihood of capital flowing into Ethereum and other altcoins. This rotation is already observable in the recent surge in Bitcoin dominance, which has mirrored patterns seen in previous alt-seasons around 2017 and 2021. At the time of writing, ETH, the largest altcoin on the market, is trading at $3,686, down 4.4% over the 24-hour period and nearly 6% over the week. Featured image from DALL-E, chart from TradingView.com
Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent spike. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Potential Price Forecasts An analyst has expressed an audacious outlook for XRP, indicating that those who retain the asset may experience substantial returns, which could result in life-changing wealth in the near future. He anticipates a significant increase in the price of the altcoin, with the goal of reaching a price point between $30 and $35 by 2025. #XRP HOLDERS WILL BE THE RICHEST PEOPLE YOU KNOW – HERE’S WHY! pic.twitter.com/k0tc6tCAq0 — STEPH IS CRYPTO (@Steph_iscrypto) December 17, 2024 Based on this estimate, the present price of approximately $2.54 is expected to experience a staggering increase of around 1,277%. A $1,000 investment, for example, may potentially increase to $14,000 if these objectives are accomplished. It is also possible that those who have made larger investments will have the opportunity to become millionaires as the value of XRP continues to climb. This optimism is perpetuated by recent fluctuations in prices. In the last 30 days, XRP registered a solid 124% increase, which coincided with a successful retest of its 2021 peak of $1.97. According to analysts, the demand for the crypto will continue to rise as Ripple expands its partnerships throughout Asia and beyond, further driving up its price. Causes Of Wealth Formation The positive outlook for XRP is due to a number of reasons. Investors have a lot more faith in Ripple now that its legal fight with the US Securities and Exchange Commission (SEC) has been settled. Legal certainty is about to arrive, hence many people believe that using XRP in worldwide banking will hasten the adoption. Since big financial institutions see Ripple’s technology’s ability to transform cross-border payments, institutional interest in it is also piquing. Some wealth managers suggests that XRP has the potential to revolutionize international payments in a manner similar to that of early Amazon. They anticipate a future in which XRP processes trillions of transactions daily, which could result in a price increase of an astonishing $132—a preposterous 23,900% from its current level. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says Precaution In The Face Of Optimism Still, experts advise caution even if XRP has an encouraging future. Although forecasts are hopeful, they are not guaranteed since the market for cryptocurrencies is somewhat erratic. Analysts emphasize the need of realizing gains as prices rise instead of waiting for a climax that might never come to pass. Their advice for investors: make wise judgments and closely check price swings. Featured image from DALL-E, chart from TradingView