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6 05, 2025

Dogecoin Price Prediction: DOGE To $0.70 In Next 60 Days

By |2025-05-06T11:27:58+03:00May 6, 2025|Crypto News, News|0 Comments

Dogecoin last peaked at $0.73 in May 2021, when it rode the last epic bull run to all-time highs and record gains. But don’t look now: Dogecoin price prediction forecasts place DOGE to go on a 4x run from its current heights to touch $0.70 within the next 60 days. Analysts believe that DOGE has potential price discovery mode waiting to be unlocked if it manages to break past its previous ATH and go for a run at $1.

However, Remittix (RTX), a newcomer yet in its presale phase –  is looking to outperform bullish Dogecoin price prediction estimates in 2025. Here’s why the smart money is going large on Remittix as its presale raises a sensational $15 million in funding.

Dogecoin price prediction: Is a run to $0.70 likely?

Pundits are bullish on Dogecoin after the dog-themed meme coin closed out the month on a 6% run, with DOGE currently trading around the $0.17 mark as of press time. Based on Dogecoin price prediction estimates from dyed-in-the-wool DOGE diehards, a massive run to $0.70 could be possible in 2025.

And why not? Remember when Dogecoin was $0.001 and mooned to $0.05? We were all shocked that it would ever go so high. It seemed fantastical, it was insane, so many newbies were excited, but we were smug because they were “buying the top” at $0.05. Then, Dogecoin proceeded to moon, hitting $0.70. It was a level of insanity none of us ever imagined.

Dogecoin went from almost nothing to close out at $0.73 at its absolute peak in May 2021. Dogecoin price predictions called it—$1 is possible for DOGE. However, a word of warning: from an investment point of view, meme coins are an oversaturated market that is slowly withering. The days of DOGE were long ago, and it doesn’t generate the revenue that it used to. How much interest will there be in dog-themed coins in a year? What about five years down the road? It’s an ecosystem running on novelty—and novelty always dies off.

Dogecoin all-time chart. Source: Coingecko

Instead, the smart money has moved on to low-cap gems like Remittix, whose price appreciation potential blows DOGE out of the water thrice over.

Remittix (RTX): PayFi blue chip ready to go on parabolic spike

Bullish Dogecoin price predictions aside, DOGE has nothing but its first-mover status moving forward any parabolic growth has already come and gone. It’s probably the reason why the smart money is moving onto low-cap PayFi presale gem Remittix, still available at a discounted rate while offering serious real-world utility primed to outshine that of meme coins in 2025 and beyond. Remittix is, after all, building the leading crypto-to-fiat payment protocol, enabling users to make direct-to-bank payments using crypto in over 100 fiat pairs to any bank account across the globe.

Powered by its native token RTX, Remittix enables fast, low-cost, and private transactions without recipients ever having to know that they were paid via crypto with 1% flat fees and 0% foreign exchange changes to boot. Can you imagine how hard its native token RTX could pump if Remittix captures even just a small piece of the $100 trillion cross-border payments market? Even the most bullish Dogecoin price prediction figure doesn’t stand a chance.

The case for Remittix is strong

4x for Dogecoin is nothing to sneeze at. But Remittix is a strictly better proposition for investors with shorter time preferences who want to get the most bang out of their investment buck. See, meme coins have already lost their luster and while DOGE could very well go on a tear in the future, memes will always be subject to ebbs and flows rather than the legitimate real-world use case that Remittix brings to the table.

Remittix is now available at $0.0757 directly from the official website.

Disclaimer: This article is part of sponsored content programme. The Tribune is not responsible for the content including the data in the text and has no role in its selection.

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6 05, 2025

XRP News Today: XRP Faces Sell Pressure as Network Activity Drops and Volume Spikes Signal Market Caution

By |2025-05-06T03:23:19+03:00May 6, 2025|Crypto News, News|0 Comments

Ripple XRP finds itself under pressure as the altcoin struggles to maintain bullish momentum in the face of waning network activity and mounting selling volume.

The XRP price has been locked in a tight range around $2.13 as of Tuesday, May 6, representing a modest 2.7% dip over the last 24 hours. Despite recent gains of over 5% on the weekly chart, analysts and investors remain cautious about the immediate future of the Ripple currency price.

The latest price behavior follows a close below XRP’s 50-day Exponential Moving Average (EMA) at $2.20 over the weekend. This move has triggered bearish sentiment, with technical indicators signaling the potential for further downside. The Relative Strength Index (RSI) has slipped to 47 on the daily chart—below its neutral threshold—suggesting selling pressure could persist if momentum fails to rebound.

Ripple Ledger Activity Slumps Sharply

One of the more concerning developments from a fundamental perspective is the steep drop in user engagement on the Ripple ledger. According to Santiment’s on-chain metrics, daily active addresses on the XRP network have plunged from their Q1 peak of around 612,000 to just 40,000 in early May.

XRP Daily Active Addresses chart. Source: Santiment

Such a steep decline signals a sharp reduction in transactional activity and overall interest in the network. Historically, dips in active addresses have often foreshadowed periods of price stagnation or decline due to thinning liquidity and waning buyer demand.

Analysts note that unless user activity rebounds, the Ripple market could remain sluggish in the short term. “Reduced engagement often reflects broader market caution or a lack of confidence in short-term price growth,” one analyst commented.

Whale Accumulation Offers Glimmer of Hope

In contrast to retail user behavior, XRP whales have been notably active. Whale addresses—particularly those that hold between 10 million and 100 million XRP—significantly grew their positions in the last month. They now control 12.32% of the total supply of XRP, up from 10.91% at the beginning of April.

Even larger holders, with 100 million to 1 billion XRP, also saw a minor increase, and now own 14.37% of the circulating supply. Such accumulation behavior generally results in bull runs since whales tend to book their position beforehand in anticipation of major catalysts, such as good XRP lawsuit news or SEC Ripple case developments.

Market watchers believe this increased whale activity might be an indicator of growing optimism surrounding the Ripple SEC lawsuit and potential approval of an XRP ETF. Any settlement or regulatory decision by the SEC would be a strong bullish driver for Ripple crypto.

Ripple Price Prediction: $3 Target Still in Sight

From a technical standpoint, XRP is hovering just above critical support at $2.10. Bulls appear to be preparing for a recovery, but any meaningful upside is contingent on regaining lost ground above key moving averages. The 50-, 100-, and 200-EMAs—clustered between $2.18 and $2.20—now serve as immediate resistance levels. A breakout above this zone would open the door to retesting April’s high at $2.36 and possibly March’s peak at $2.50.

XRP News Today: XRP Faces Sell Pressure as Network Activity Drops and Volume Spikes Signal Market Caution

XRP holds firm above $2.10 as bulls eye a potential rebound toward the $3.00 mark. Source: XRP-Jonny on TradingView

Only a strong close beyond these levels would validate the medium-term XRP price prediction of $3.00. Until then, the trend remains fragile, and downside risks remain, especially with weak on-chain support.

If XRP fails to hold above $2.10, it could risk a drop toward the next key level at $1.96, and possibly even test the April 7 low of $1.61 in a bearish scenario. Conversely, if XRP regains strength and closes above $2.20, a renewed push toward higher targets could follow swiftly.

Volume Surge Points to Market Repositioning

Supporting the current price volatility is a notable surge in trading volume. Daily volume has climbed nearly 25% to $1.86 billion, suggesting heightened activity despite the slight price drop. Analysts interpret this as a mix of profit-taking and strategic repositioning by traders preparing for XRP’s next major move.

“Rising volume during a price decline can indicate distribution, but it may also signal that traders are hedging or preparing for a swing move,” said one market strategist.

Looking Ahead: XRP at a Pivotal Juncture

While whale accumulation offers a bullish backdrop, declining user engagement and bearish technical indicators present short-term headwinds. The next few sessions will be crucial in determining whether XRP can reclaim momentum or continue its correction.

Looking Ahead: XRP at a Pivotal Juncture

XRP was trading at around $2.13, down 2.71% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

For now, the Ripple XRP news narrative is split between long-term optimism and short-term caution, as market participants await clarity on both price direction and legal outcomes from the ongoing XRP SEC lawsuits.

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6 05, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI — TradingView News

By |2025-05-06T01:22:20+03:00May 6, 2025|Crypto News, News|0 Comments

Key points:

  • Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level.

  • Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. 

  • Select altcoins have held their support levels, increasing the likelihood of a short-term up move.

Bitcoin BTCUSD slipped below the breakout level of $95,000 on May 4, indicating profit booking at higher levels. The bulls tried to push the price back above $95,000 on May 5 but are facing stiff resistance from the bears. 

Glassnode senior researcher CryptoVizArt said in a post on X that Bitcoin maintaining above $93,000 was very surprising and also risky as the rally to the $93,000 to $96,000 range “pushed the profit-taking volume above the statistical levels.” CryptoVizArt added that there were more than $9 in realized profits for every dollar realized in loss.

However, a positive sign in favor of bulls is that the US-based Bitcoin exchange-traded funds witnessed inflows of $1.8 billion last week, per Farside Investors data. The ETF issuers and the institutions acquired 18,644 Bitcoin last week compared to the 3,150 Bitcoin mined during the period, reported asset allocator HODL15Capital on May 4.

What are the crucial support and resistance levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

S&P 500 Index price prediction

The S&P 500 Index (SPX) extended its recovery last week and rose above the 50-day simple moving average (5,575).

The 20-day exponential moving average (5,501) has started to turn up, and the relative strength index (RSI) is in the positive territory, indicating advantage to buyers. The up move could reach 5,800, which is expected to attract strong selling by the bears. If the price turns down from 5,800, it is likely to find support at the 20-day EMA. 

Sellers will have to yank the price below the 20-day EMA to suggest that the bullish momentum is weakening. The index may drop to 5,400 and subsequently to 5,300.

US Dollar Index price prediction

The US Dollar Index (DXY) bounced off the 99 support on April 29 and reached the 20-day EMA (100.38) on May 1.

Buyers are facing stiff resistance at the 20-day EMA, but a minor positive is that they have not ceded much ground to the bears. That improves the prospects of a break above the 20-day EMA. If that happens, the index could rise to the 61.8% Fibonacci retracement level of 101.39 and then to the 50-day SMA (102.72).

This positive view will be invalidated if the price continues lower and breaks below the 99 level. That could sink the index to the critical support at 97.92.

Bitcoin price prediction

Bitcoin closed below the $95,000 support on May 4, and the bears are trying to extend the pullback to the 20-day EMA ($92,204).

Buyers will have to fiercely defend the 20-day EMA to keep the bullish momentum intact. If the price bounces off the 20-day EMA with strength, the bulls will again try to propel the BTCUSDT pair to the psychological level of $100,000. 

Contrary to this assumption, a break and close below the 20-day EMA signals the bulls are rushing to the exit. That may sink the pair to the 50-day SMA ($86,890). A deeper pullback suggests a range formation in the near term.

Ether price prediction

Buyers have managed to sustain Ether ETHUSD above the moving averages, signaling strength.

The 20-day EMA ($1,771) is sloping up gradually, and the RSI is in the positive territory, indicating that the path of least resistance is to the upside. There is minor resistance at $1,957, but it is likely to be crossed. The ETHUSDT pair could surge to the breakdown level of $2,111, where the bears are expected to sell aggressively.

A break and close below the moving averages opens the gates for a fall to $1,537 and later to the critical support at $1,368.

XRP price prediction

XRP XRPUSD remains stuck between the resistance line and the $2 support, indicating buying on dips and selling on rallies.

Both moving averages have flattened out, and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they drive the price above the resistance line. The XRPUSDT pair could soar to $3, suggesting a short-term trend change.

On the contrary, a break and close below $2 will put the sellers in charge. The pair may then retest the vital support at $1.61, where the buyers are expected to step in.

BNB price prediction

BNB BNBUSD slipped below the moving averages on May 4, but the bears are struggling to sustain the lower levels.

If buyers push the price above the moving averages, it suggests buying at lower levels. The bulls will then attempt to overcome the barrier at $620. If they succeed, the BNBUSDT pair could shoot up to $644.

Alternatively, if the price turns down from the moving averages, it suggests that the bears are trying to take control. There is support in the $576 to $566 zone, but if it breaks down, the pair could dive to $520.

Solana price prediction

Solana SOLUSD is finding support at the 20-day EMA ($143), indicating that the bulls remain buyers on dips.

The bulls will again attempt to thrust the price above the $153 resistance. If they manage to do that, the SOLUSDT pair could ascend to $180. Such a move brings the large $110 to $260 range into play.

If bears want to prevent the upside, they will have to swiftly pull the price below the 20-day EMA. If they do that, the pair could descend to the 50-day SMA ($133). That suggests the pair may consolidate between $110 and $153 for a while.

Dogecoin price prediction

Buyers have managed to keep Dogecoin DOGEUSD above the moving averages but failed to start a strong rebound.

The flattish moving averages and the RSI near the midpoint suggest the DOGEUSDT pair may extend its stay inside the $0.21 to $0.14 range for some time.

If the price turns up from the moving averages, the bulls will try to push the pair to $0.21. Sellers are expected to defend the level aggressively, but if the bulls prevail, the pair could skyrocket to $0.28. Contrarily, a break below the moving averages could sink the pair to the solid support at $0.14.

Cardano price prediction

Cardano (ADA) is witnessing a tough battle between the bulls and the bears near the moving averages.

The flattish moving averages and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears. The first sign of strength will be a break and close above $0.75. That opens the doors for a rally to $0.83.

On the downside, a close below the moving averages tilts the advantage in favor of the bears. There is solid support at $0.58, but if the level gives way, the ADAUSDT pair could plunge to $0.50.

Sui price prediction

Sui (SUI) is attempting to bounce off the 20-day EMA ($3.09), indicating demand at lower levels.

The bulls will try to push the price to $3.90, which is expected to act as a stiff resistance. However, the upsloping 20-day EMA and the RSI in the positive territory suggest that buyers have an edge. A break and close above $3.90 could catapult the SUIUSDT pair to $4.25 and later to $5.

Instead, if the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA, it signals that the bulls have given up. That may pull the price to $2.86 and then to the 50-day SMA ($2.57).

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.

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5 05, 2025

XRP Price Prediction for May 5

By |2025-05-05T23:20:56+03:00May 5, 2025|Crypto News, News|0 Comments

Most of the coins are under bears’ pressure, according to CoinStats.

Top coins by CoinStats

XRP/USD

The price of XRP has declined by 2.42% over the last day.

Article image
Image by TradingView

On the hourly chart, the rate of XRP is breaking the local support of $2.1318. If the daily bar closes far from that level, the correction is likely to continue to the $2.10 zone.

Article image
Image by TradingView

On the bigger time frame, there are also no reversal signals yet.

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Title news

If the candle closes around the current prices or below, the accumulated energy might be enough for a test of the vital $2 range soon.

Article image
Image by TradingView

From the midterm point of view, it is too early to make any distant predictions. If bulls lose the $2.10 area, there is a chance to see a test of the $1.90-$2 zone shortly.

XRP is trading at $2.1280 at press time.

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5 05, 2025

First BNB ETF Coming? Price Surge Ahead?

By |2025-05-05T21:20:13+03:00May 5, 2025|Crypto News, News|0 Comments

As the crypto ETF race intensifies, U.S. asset manager VanEck has thrown down the gauntlet by filing an S-1 with the U.S. Securities and Exchange Commission (SEC) for the first-ever spot BNB ETF. This move marks a significant step in mainstream financial adoption for Binance Coin (BNB), potentially positioning it alongside the likes of Bitcoin and Ethereum, which have already seen momentum in ETF discussions and approvals.

Why is This BNB ETF Filing a Big Deal?

BNB, the native token of the BNB Chain and a cornerstone of the Binance ecosystem, has long been one of the top-performing altcoins. With a market capitalization of nearly $87 billion and a current price near $595, it ranks as the fourth-largest non-stablecoin cryptocurrency. However, despite its scale and utility, BNB has so far remained absent from the ETF spotlight—until now.

VanEck’s filing is symbolic of a broader shift under the SEC’s evolving leadership, which appears more receptive to altcoin ETFs. As over 70 altcoin-related ETF proposals pile up for review, VanEck’s BNB application could set a precedent, especially given the firm’s established ETF expertise and its reputation in digital asset investment.

What’s the Catalyst for BNB ETF?

The timing is curious. Bloomberg ETF analyst Eric Balchunas pointed out the proximity of this filing to TOKEN2049, a major crypto event attended by both Binance founder CZ and Jan Van Eck of VanEck. While not confirmed, the convergence of these high-profile figures may hint at behind-the-scenes confidence or alignment.

Moreover, the ability to earn staking rewards or other income from the trust-held BNB adds another layer of attractiveness for institutional investors. If approved, this feature could differentiate the BNB ETF from traditional spot ETFs by offering yield-generating potential—a key incentive in today’s market.

How Might This Impact BNB’s Price?

BNB/USD Daily Chart- TradingView

From a price perspective, the ETF filing injects strong bullish sentiment into the BNB market. Historically, ETF developments—such as those surrounding Bitcoin—have led to sharp price surges based on investor anticipation, institutional inflows, and perceived legitimacy. If VanEck’s ETF is greenlit, BNB could realistically test its previous all-time highs, which are not far off its current levels.

Furthermore, the scarcity of major altcoin ETFs in the U.S. could make BNB a first-mover among altcoin ETF approvals, giving it a unique edge. Institutional investors seeking diversification beyond BTC and ETH may see BNB as a viable option due to its close ties to Binance, practical use cases (e.g., fee discounts, merchant payments), and staking incentives.

What to Watch Next?

The SEC’s handling of this filing will be pivotal. Approval could open the floodgates not just for BNB, but also for other high-cap altcoins to follow. Rejection, on the other hand, may delay momentum across the altcoin ETF space. For now, investor attention will likely remain high on BNB, especially with price support around $580 and resistance in the $620–$650 range.

BNB Price Prediction: Could BNB Hit $700+?

Given the buzz around VanEck’s filing and its potential to spur a new wave of institutional demand, BNB appears poised for a near-term breakout. If bullish sentiment continues and the SEC shows openness to altcoin ETFs, BNB could cross the $700 mark—possibly testing all-time highs—within the coming months.

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5 05, 2025

Cardano Price Prediction: ADA Sees a 10% Surge as Whale Activity and NFTs Spark Momentum

By |2025-05-05T19:19:17+03:00May 5, 2025|Crypto News, News|0 Comments

Cardano shows bullish momentum as NFTs trend and whale activity strengthens ADA’s price outlook, with $0.74 resistance in focus.

Cardano is once again making waves, with fresh momentum sparking talk of a potential breakout. The latest Cardano price prediction circles back to key resistance near $0.74, where ADA is quietly building pressure.

Cardano NFTs Back in the Spotlight

Cardano NFTs are trending once again, with “Cardano NFTs” landing on X’s trending list under Business and Finance as shared by TapTools. ADA is getting renewed attention beyond just the charts. This kind of organic spotlight can often be the fuel that sparks a wider rally.

Cardano NFTs trend on X, bringing fresh attention to ADA. Source: TapTools via X

While broader market sentiment remains cautious, ADA appears to be carving out its own narrative.

ADA Technicals Flashing a Setup: Nehal Spots a Potential Reversal

As Cardano NFTs grab social momentum, ADA Cardano price action is starting to paint a technical story of its own. Analyst Nehal points out that while the broader sentiment stays cautious, ADA is tapping into a crucial 4H demand zone between $0.665–$0.675, a region that previously sparked upward momentum. The descending wedge forming on the 4H chart could act as a launchpad, especially if bulls defend the lower boundary near $0.66 and reclaim the $0.691 mark with conviction.

Cardano Price Prediction: ADA Sees a 10% Surge as Whale Activity and NFTs Spark Momentum

Cardano eyes a technical rebound as ADA tests key 4H demand zone, with upside targets in focus. Source: Nehal via X

A successful reclaim may open the doors toward $0.705, with further upside targeting the week high at $0.75. When technicals and social catalysts align, moves can accelerate. ADA isn’t in breakout mode just yet, but it’s closing to a potential rallying phase.

Whales Making Their Move

As Cardano’s chart structure hints at a potential reversal, there’s another layer adding quiet strength to the story: whale accumulation. According to data shared by Ali Martinez, whales snapped up over 410 million ADA in April alone. That kind of accumulation isn’t just casual buying, it’s calculated positioning, often ahead of a potential shift in price structure or sentiment.

Ali Martinez

Cardano whales accumulated over 410 million ADA in April. Source: Ali Martinez via X

While this doesn’t guarantee immediate strength, it does reinforce that ADA’s foundation is strengthening. Whether it’s a coordinated bet on NFTs gaining traction or simply smart money recognizing a discount, the timing of this whale activity aligns closely with ADA hovering near a key demand zone. If bulls can convert this silent strength into a reclaim of the $0.691 level, it could mark the beginning of a much more confident phase for ADA in Q2.

Cardano Price Outlook Remains Bullish

Cardano’s daily chart is showing some intriguing pressure right now. Crypto analyst Crypto Target highlights that ADA has been repeatedly testing the upper resistance band around $0.74, with each push strengthening the chance of a breakout. This tight consolidation mirrors the kind of buildup seen before previous surges, and with price action staying sticky near the top of the range, the chart looks primed for a decision soon. The long shadow of the $0.70–$0.74 supply zone remains key, but if bulls can break and hold above it, the next technical target stretches toward $0.95, offering room for meaningful upside.

 Crypto Target

Cardano’s price outlook remains bullish, with repeated tests of $0.74 resistance suggesting a potential breakout towards $0.95. Source: Crypto Target via X

Final Thought

The latest L1 leaderboard, as shared by CW, paints a telling picture: while SUI has grabbed top-tier performance, ADA Cardano price is quietly positioning itself as a strong contender for what’s next. Over the past year, ADA has held steady ground, maintaining relative strength even as other L1s showed more volatility. This kind of resilience often sets the stage for a meaningful move once sentiment shifts.

CW

Cardano’s ADA secures second place in L1 performance, showing consistent strength. Source: CW via X

Cardano’s blend of consistent technical setups, like the ongoing battles around the $0.74 resistance and its strengthening narrative within the L1 space, suggests there’s room to climb. With momentum gradually building and ADA is now on the radar for a potential move.

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5 05, 2025

Expert Says When Banks Start Using XRP, We’ll See Insane Prices Like $500 to $1,000 Per Coin

By |2025-05-05T17:18:21+03:00May 5, 2025|Crypto News, News|0 Comments

BarriC, a prominent voice in the XRP community, has boldly claimed that banks and financial institutions have not yet fully adopted XRP.

He bases this belief on XRP’s relatively low price, as the coin continues to trade around $2. According to BarriC, a significant indicator of widespread bank adoption would be a much higher price point.

Current Prices Reflect a Pre-Adoption Phase

He asserted that the price of XRP could soar into the hundreds or even thousands of dollars once global banks begin actively utilizing the digital asset. BarriC suggested that the value of XRP could reach levels such as $100, $500, or even $1,000 per coin once banks begin adopting it.

The analyst believes XRP’s current price of around $2 is evidence that widespread institutional adoption has yet to occur. As a result, he emphasized that this is a rare opportunity to accumulate the coin at low prices before its full utility through adoption by financial institutions.

“No More Cheap XRP Ever Again”

The community commentator believes that once global financial institutions fully integrate XRP into their payment infrastructure, particularly through Ripple’s payment solution, the asset’s price will experience exponential growth. He boldly claimed that XRP could skyrocket past $100 once this occurs and even reach $500 or $1,000 per coin.

He concluded the post with a warning to current investors and skeptics: there will be “no more cheap XRP ever again.”

This latest prediction aligns with BarriC’s history of ambitious calls to accumulate XRP while it remains “cheap.” He previously argued that, in the future, $500 per coin may be considered a bargain.

Indeed, such predictions have energized many XRP holders. However, critics caution that price projections in the hundreds would require a market capitalization that surpasses major tech giants like Apple and Google. Consequently, they dismiss such outlooks as far-fetched.

Clarification on XRP, Bank Use, and Price Movements

Meanwhile, the claim that XRP’s low price is due to banks not using it remains speculative. Proponents of this view often argue that a price in the $100 to $1,000 range is necessary to provide the liquidity needed for trillion-dollar transactions.

However, Ripple has clarified that its payment software does not directly influence the price of XRP, either bearishly or bullishly. 

Additionally, analysts have noted that the current liquidity available through XRP is insufficient to process trillion-dollar transactions. In essence, XRP’s price will not magically soar into triple digits solely for this purpose.

Moreover, a number of financial institutions already use Ripple’s payment network. Specific examples include Tranglo and SBI Japan. It is worth noting, however, that while XRP is integrated into Ripple Payments, it is not a mandatory component. 

Essentially, banks can use Ripple’s product without necessarily utilizing the XRP token. Indeed, some could prefer using a stablecoin like RLUSD.

Nonetheless, despite these facts, many XRP supporters remain optimistic that bank adoption could eventually drive XRP to astronomical prices.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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5 05, 2025

Here’s How High Dogecoin Could Go if Bitcoin Hits $2.4M as Predicted by Ark Invest

By |2025-05-05T15:17:23+03:00May 5, 2025|Crypto News, News|0 Comments

Dogecoin price could hit an unprecedented level if it proportionally mirrors the Bitcoin rally to the $2.4 million target set by Ark Invest. 

As Bitcoin continues to capture the attention of institutions, states, and nations, some bulls envision the firstborn crypto soaring to eye-popping targets. 

Ark Invest Envisions Bitcoin Hitting $2.4M By 2030 

Leading asset manager Ark Invest recently shared this sentiment, predicting that the premier asset could clinch a bullish target of $2.4 million by 2030. 

This suggests that Ark Invest expects the $2.4 million target to materialize in the next five years. According to Ark Invest, Bitcoin’s surge to the $2.4 million target would be driven by nation-state adoption of BTC as a treasury asset, growing investment in spot Bitcoin ETFs, and the asset’s store of value utility. 

Notably, reaching the $2.4 million target demands a surge of 2,439% from the current price of $94,521. This projected price would propel Bitcoin’s market cap to $48 trillion, assuming there are 20 million BTC in circulation. 

Dogecoin Correlation with Bitcoin 

Such an increase could positively impact the performance of the broader crypto market. Specifically, assets like Dogecoin (DOGE), which have a high correlation with Bitcoin, could benefit immensely from BTC’s rally to the $2.4 million target. 

According to data from IntoTheBlock, Dogecoin’s correlation with Bitcoin’s price action in the past 30 days stands at 97%. Similarly, the correlation matrix in the past two months is at 65%.

Here’s How High Dogecoin Could Go if Bitcoin Hits .4M as Predicted by Ark Invest
Dogecoin correlation with Bitcoin

The data show that Bitcoin’s price movement has strongly influenced Dogecoin’s performance in the past few weeks. 

Price of Dogecoin if Bitcoin Hits $2.4M 

Should this trend continue, Dogecoin might experience a monumental surge if Bitcoin surges 2,439% to $2.4 million. 

For context, Dogecoin trades at $0.1744 per token in the hours leading up to press time. This represents a slight increase of 0.36% in the past 24 hours. Like Bitcoin, Dogecoin’s price has slumped by 2.27% in seven days. 

Dogecoin’s market valuation is $26.02 billion, making it the eighth most prominent cryptocurrency. If Dogecoin continues to follow Bitcoin’s price movement and the premier crypto soars 2,439% to $2.4 million, DOGE could similarly set a new ATH record. 

Specifically, if DOGE’s price grows by 2,439%, it will hit a target of $4.428. Therefore, if Bitcoin hits a target of $2.4 million, as projected by Ark Invest, Dogecoin’s price could soar to around $4.428. This estimate assumes that Dogecoin’s supply remains constant at 149.13 billion tokens.

Dogecoin to $4 Forecast 

Interestingly, several crypto analysts, including lead Dogecoin analyst Kevin, believe DOGE’s potential surge to the $4 target is imminent. In December 2024, Kevin suggested that it is highly likely that Dogecoin could set a new ATH of $4 by the end of this year.  

Three months later, Kevin indicated that Dogecoin was mirroring its performance in the 2020/2021 cycle. The expert asserted that if the trend continues, Dogecoin could embark on its next leg toward the $4 territory. 

In addition, popular crypto analyst Alan issued a bullish prediction for Dogecoin, pointing to a potential surge to $4. Alan’s prediction was based on the Fibonacci 1.618 Extension level.

Essentially, there is a likelihood that Dogecoin might surpass the $4.42 target even when it closely mirrors Bitcoin’s price movement toward Ark Invest’s $2.4 million target. This speculation is due to Dogecoin historically outperforming Bitcoin during a bull run. 

Meanwhile, Changelly experts are less optimistic about Dogecoin’s trajectory. The trading platform predicts that Dogecoin will clinch the $4 target by 2034 and eventually soar to the $4.45 level by May 2034.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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5 05, 2025

Cardano Price Prediction: ADA Reaches Resistance Area, What Will Happen?

By |2025-05-05T13:16:00+03:00May 5, 2025|Crypto News, News|0 Comments

Jakarta, Pintu News – Cardano’s performance this cycle has been less than satisfactory. ADA started to experience a delayed rise towards the end of 2024, but the rise did not last long.

Throughout 2025, price movements trended negatively, with a drop of over 16% invalidating the previous breakout.

Currently, ADA is experiencing a price bounce that started in April, which has reignited market optimism. However, ADA still needs to break through an important resistance area to confirm the bullish trend.

Cardano Price Prediction: ADA Reaches Resistance Area

Analysis of Cardano’s weekly chart shows that the price has been steadily declining since peaking at $1.33 in December 2024.

In March, the price formed a lower high accompanied by a large bearish engulfing candlestick (red icon), accelerating the price decline.

Read also: MANTRA Price Prediction: Bear Flag Pattern Emerges, What Will Happen?

The price drop and close below the $0.70 horizontal resistance area is a strong negative signal indicating a long-term bearish trend.

A breakout of ADA above this level in November 2024 was previously expected to confirm a long-term bullish trend, but a price close below the level invalidated it.

Source: TradingView via CCN

The technical indicators are also at a crucial point. The Relative Strength Index (RSI) value is at 50, and the Moving Average Convergence/Divergence (MACD) is at 0.

Therefore, whether the price is able to break the $0.70 level or not will greatly affect the readings of these indicators, which will then determine whether the next trend is bullish or bearish.

The long-term calculation of ADA shows a trend that is bearish. Wave analysis shows that Cardano has completed a five-wave decline (red) after reaching record highs in 2021.

If this calculation is accurate, then the entire ADA price increase in this cycle is part of the A-B-C corrective structure (green).

The rise ended at the 0.382 Fibonacci retracement resistance level, which is in line with the bearish scenario.

If this scenario materializes, then the price of ADA is likely to drop to a new low in the future.

Cardano Price Prediction: ADA Reaches Resistance Area, What Will Happen?
Source: TradingView via CCN

However, the chart in the daily time frame shows that ADA is currently moving in a descending parallel channel pattern.

Usually, patterns like this reflect a corrective movement, which means that an upward breakout from this pattern is the most likely scenario.

ADA’s April 7 price bounce (green icon) and the formation of this channel signaled the beginning of a potential bullish trend.

Source: TradingView via CCN

Even so, ADA needs to reclaim the channel’s centerline around $0.75 to confirm a trend reversal.

Read also: Crypto Shake-Up Coming? These 3 Altcoins Are Releasing Massive Token Unlocks This Week!

This projected movement should also lead to a price close above the long-term resistance at $0.70.

The future trend of ADA is still uncertain due to conflicting signals between the daily and weekly charts.

Although the wave count shows a bearish tendency, the price action in the short term is showing bullish signs.

Cardano’s price close above the $0.70-$0.75 area or even a drop below it will be the deciding factor for the next trend direction.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!


*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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5 05, 2025

XRP Price Prediction: Are Ripple Whales Sending a Message?

By |2025-05-05T11:15:23+03:00May 5, 2025|Crypto News, News|0 Comments

The XRP price remains in a tight range this week as attempts to recover encounter substantial resistance. The Ripple token was trading at $2.20 on Monday, a few points below this month’s high of $2.360. This article assesses what XRP whales are doing and whether they are sending a message of what to expect. 

Ripple Whales are Accumulating

One of the best approaches in crypto analysis is to assess the actions by whales or large sophisticated investors. These investors often act ahead of other retail investors. In this context, they often buy before a surge occurs and then exit their positions once an asset surges.

Santiment data shows that XRP whales have continued to accumulate these coins. The platform divides Ripple holders into groups such as those holding between 1 million and 10 million coins, and so on. 1 million XRP tokens are today valued at over $2.1 million. 

XRP whales holding between 100k and 1 million coins have increased their holdings from 6.54 billion coins on April 10 to 6.58 billion today. 

Similarly, those holding between 1 million and 10 million coins have boosted their positions from 3.81 billion tokens in November last year to 5.85 billion today. Bigger whales with between 10 million and 100 million coins hold 7.76 billion coins today, higher than the year-to-date low of 6.54 billion. 

Most recently, the most acquisitive of these whales are those holding between 100 million and 1 billion tokens, totaling over 9.37 billion coins. 

XRP Price Prediction: Are Ripple Whales Sending a Message?
XRP whales are buying | Source: Santiment

These whales are likely sending a message that the XRP price will continue to do well in the coming months. For example, they are likely buying ahead of the XRP ETF approval surge. The odds of that approval stand at over 80%. Recent data shows that the recently approved leveraged XXRP ETF has accumulated over $63 million in assets despite its 1.89% expense ratio.

XRP Price Technical Analysis

XRP priceXRP price
XRP price chart | Source: TradingView

The daily chart reveals that the XRP price remains in a tight range as it has failed to break the barrier at $3 despite the recent gains. Positively, it has formed a falling wedge pattern on the daily chart. Also, the accumulation/distribution indicator has continued rising, validating the whale activity.

The Ripple price has also remained above the 50-day moving average and is forming a bullish pennant pattern. Therefore, the price will likely experience a strong bullish breakout in the coming weeks, with the next point to watch being the psychological level of $3, approximately 40% above the current level. A jump above that level could lead it to the resistance level of $5. 

Read more: Top Harmonic Pattern Points to a Shiba Inu price Surge

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