XRP To Hit $40 In 3 Months But On This Condition – Analyst
XRP remains one of the crypto market’s current trailblazers rising by 23.21% in the past 24 hours. Over the last two weeks, the prominent altcoin has recorded a 154% price gain establishing itself as the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this current momentum and the crypto bull season still in its early stages, analysts remain highly bullish on XRP’s potential to reach lofty price levels. Related Reading: XRP Primed For $100 Price Target – Here’s Why Can XRP Repeat 2017 Historical Price Movement? In an X post on November 22, an analyst with the....
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Ethereum’s native token ETH fell by more than 20 percent from its session high of $1,350 on profit-taking sentiment. While technical indicators point to further correction lower, one analyst believes the second-largest cryptocurrency could hit its record high levels in the sessions ahead. The pseudonymous entity rested his bullish setup on one condition: that the […]
One of the key requirements for the Bitcoin network to be secure is that mining, the distributed process in which the network processes and secures transactions, must be decentralized; that is to say, there should be no single individual or entity with more than 50% of the computing power of the entire network. If the condition is not met, then Bitcoin essentially collapses into a less efficient model of a centralized database, where the majority shareholder can unilaterally block and even reverse transactions at will. Most of the time in Bitcoin's history, this condition has been met;....
On-chain data shows Bitcoin is currently not satisfying a condition that has historically occurred alongside major bottoms in the price. Bitcoin Supply In Profit Is Still Greater Than Supply In Loss In a new post on X, James V. Straten, a research and data analyst, has pointed out how BTC isn’t fulfilling the bottom condition for the supply in profit and loss metrics. The “supply in profit” here naturally refers to the total amount of Bitcoin supply currently carrying an unrealized profit. Similarly, the “supply in loss” keeps track of the number of underwater....
The current crypto winter has left bearish sentiments on Bitcoin and other crypto assets in the market. As a result, several, if not all, assets’ values are on their way to the bottom, leaving massive losses for retail and institutional crypto investors. Experts have released several speculating analyses regarding the ongoing bear market, including the condition of Bitcoin and possible future expectations. Bitcoin price remains at the $19k level, never exceeding $24k in the past months. Following the ongoing price trend, a prolonged decline is possible. Related Reading: TOP 5 Cryptos....
A well-known analyst made an intriguing assumption about the rise of XRP, saying that it could potentially outdo the Philadelphia Gold and Silver Index. Egrag Crypto predicted that XRP could rise by 1,000% against the gold and silver index as the analyst sees the crypto replicating a run it made in 2017. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’ A Looming Crypto Run In a post, market analyst Egrag Crypto noted that indicators are showing that the altcoin could potentially make a bull run similar to what it did in 2017, saying that it could have a big....