The cryptocurrency market is no stranger to volatility, and recent developments again highlight such a phenomenon, especially with the Cardano price.

While the ADA bulls face a bleak outlook amid growing bearish sentiment, WallitIQ (WLTQ) is capturing the attention of whales and bulls alike with its groundbreaking presale success.

WallitIQ (WLTQ): A Rising Star Captivating The Bulls And Whales

WallitIQ (WLTQ) is poised to redefine the cryptocurrency wallet market, and its presale success is a testament to its massive potential. Bulls and whales are flocking to the project as its presale gains unprecedented traction, raising millions of dollars in record time.

WallitIQ’s (WLTQ) revolutionary features, including AI-powered security and multi-asset support, are attracting significant investments, making the presale one of the hottest opportunities in the crypto space.

The presale is nearing completion, with thousands of investors participating. Early adopters have seen the token’s price surge by 145% since the first round, and analysts predict further price surges as the token’s launch draws near.

The WallitIQ (WLTQ) platform is expected to generate $5 million in monthly revenue after launch, solidifying its position as a game-changer in the trillion-dollar cryptocurrency market. Whales are taking notice, and savvy bulls are seizing this chance to secure the project’s token at an affordable price of $0.042 before its value skyrockets.

In addition, the Escrow Connect feature improves security by assessing decentralized applications (dApps) for potential threats before users gain access. Moreover, the implementation of AES and ECC encryption protects private keys and transactions, setting a new standard for safety and user experience.

Amid its native token’s recent listing on CoinMarketCap, the WallitIQ (WLTQ) platform is poised to transform the digital asset management landscape. The Physical 2 Digital (P2D) wallet facilitates the seamless transition of physical assets into digital tokens, thereby improving liquidity for cryptocurrency users. Meanwhile, the crypto project has strengthened investor confidence by completing a smart contract audit performed by the reputable SolidProof firm.

WallitIQ’s (WLTQ) MVP mobile app also establishes its position as a leader in crypto wallet technology. It simplifies wallet management with features like simulated ETH and USDT transactions, QR code payments, and real-time market updates via the CoinGecko API.

Users can analyze interactive candlestick charts, simulate daily transfers, and enjoy a sleek, user-friendly interface for all skill levels. Future updates promise AI-driven trading, price notifications, and more features to meet evolving user needs.

Currently priced at $0.0420, the WallitIQ (WLTQ) token presents a strong investment opportunity. On the other hand, the Cardano price is still at risk of a further crash due to significant selling pressure.

Cardano Price: ADA Bulls Under Pressure Amid Market Decline

The Cardano price has been a major player in the cryptocurrency market, but recent trends suggest that ADA bulls may face a challenging period ahead. Despite earlier optimism, the Cardano price is showing signs of weakening as market volatility increases.

As a result, ADA bulls are struggling to maintain the buying pressure that once brought the Cardano price to prominence. Declining transaction volumes and growing competition in the blockchain ecosystem further compound their challenges.

Further compounding the challenges of ADA bulls is the fact that whales appear to be shifting their attention away from the Cardano price, as on-chain data reveals a drop in large transactions involving the token.

This development with the whales indicates diminishing confidence in the Cardano price among influential investors, further pressuring the ADA bulls to turn bearish. While Cardano’s development team continues to innovate, the ADA price is expected to face a significant crash unless new catalysts emerge. Bulls must regroup to counter this downturn, but for now, the Cardano price prospects look grim.

With fewer whales backing the token and bulls struggling to gain traction, the Cardano price outlook remains precarious, leaving investors cautious. Whales are crucial to the market, and their absence could lead to further instability in the Cardano price performance.

Conclusion

The Cardano price future may be uncertain as ADA bulls struggle, but the WallitIQ (WLTQ) token is shining as the next big thing in crypto. Whales and bulls are already capitalizing on the token’s potential, and the presale’s overwhelming success clearly indicates its bright future.

With its innovative technology, growing community, and rapid adoption, the WallitIQ (WLTQ) platform is expected to dominate the cryptocurrency wallet market. Now is the time to secure your position in the ongoing presale. Don’t miss this chance to invest early and reap the rewards as the token’s value soars. This is more than an investment; it’s an opportunity to create life-changing wealth.

Join the WallitIQ (WLTQ) presale and community:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

XRP started the year with impressive market performance and groundbreaking developments. 

Currently trading at $3.01, it has gained 6.5% in 24 hours and surged 35.9% in the past month. 

Ripple’s launch of RLUSD, a U.S. dollar-pegged stablecoin backed by secure reserves, shows how committed the company is to innovation. 

With regulatory changes on the horizon, including pro-crypto leadership under President-elect Trump, XRP is poised for a pivotal year, but can it reach $30?

Beyond XRP, PlutoChain may emerge as a new innovator that could tackle Bitcoin’s persistent scalability issues.

Here’s all you need to know. 

Could XRP Skyrocket to $30 by 2025 Under Trump’s Leadership?

XRP is currently trading at $3.01, which shows a solid 6.5% gain in the last 24 hours. The price has been fluctuating between $3.04 and $3.28 during this period.

With a market cap of $175.09 billion, XRP holds its spot as the third-largest cryptocurrency. Its 24-hour trading volume is also impressive at $12.85 billion.

There are 57.56 billion XRP tokens in circulation, which gives it a strong presence in the market. 

While XRP is still 11.5% below its all-time high of $3.40, which it hit back in January 2018, it’s been on a notable upward trend lately. 

Over the last week, the price has climbed by 21.1%, and in the past month, it’s seen a sharp 35.9% jump.

Most of the trading is happening on major exchanges like Coinbase, where the XRP/USD pair alone has racked up $546.9 million in 24-hour volume.

The RSI is at 52 now, which puts XRP in the neutral zone. 

Recently, Ripple launched a U.S. dollar-pegged stablecoin called RLUSD, after receiving approval from the New York State Department of Financial Services. 

This stablecoin is backed by U.S. dollar deposits, government bonds, and cash equivalents. The goal is to offer a reliable digital asset for secure and stable transactions.

On the legal front, the Securities and Exchange Commission (SEC) filed an appeal against a 2023 federal court ruling. 

The ruling had determined that XRP was not a security when sold to retail investors through exchanges. This appeal adds another layer of complexity to the ongoing debate over XRP’s classification.

With Donald Trump taking office, President-elect Trump has chosen Paul Atkins, a known advocate for cryptocurrency, to lead the SEC. This change in leadership could be beneficial for digital assets like XRP.

Crypto analyst Armando Pantoja predicts XRP will surge to $8-$30 due to bullish technical indicators and potential regulatory changes, urging investors not to miss out.

Another analyst Brian, has a more conservative outlook and suggests XRP might momentarily drop to $2.90–$3.05 before bouncing back to $3.90.

PlutoChain ($PLUTO) Could Tap Into Bitcoin’s True Potential With Speed, Affordability, and Developer Tools

PlutoChain ($PLUTO) could redefine Bitcoin’s potential and shift it from “digital gold” to a robust ecosystem for modern applications.

Bitcoin recently smashed through the $100,000 milestone and hit an all-time high of $108,000. It remains the backbone of the crypto market, commanding over 53% of its total value. 

But, as Bitcoin leads, the big question is: What’s next for the world’s first blockchain?

PlutoChain is a hybrid Layer-2 solution that could address Bitcoin’s congestion, slow transactions, and high fees. 

By creating a parallel network, it could reduce mainnet traffic, lower fees, and increase speed. 

Using its Layer-2 tech, PlutoChain achieves 2-second block times, a massive improvement over Bitcoin’s 10-minute intervals. This could pave the way for Bitcoin to support smart contracts, DeFi, NFTs, and more.

EVM compatibility could make it easy for developers to migrate Ethereum-based projects to Bitcoin’s secure infrastructure. 

Its testnet processes 43,200 transactions daily, which showcases its ability to handle high demand with ease.

Security is PlutoChain’s top priority. It has undergone independent audits by SolidProof, QuillAudits, and Assure DeFi to guarantee trustworthiness. 

The core contributors also perform regular stress tests and adhere to global regulations to strengthen its credibility. 

PlutoChain also gives power back to the community. Users participate in decision-making and vote on proposals.

Final Thoughts

XRP continues to capture attention with its strong market performance, ongoing legal battles, and Ripple’s commitment to innovation. 

Meanwhile, PlutoChain might be interesting to watch because of its potential to push Bitcoin beyond a store of value.

By potentially addressing long-standing scalability challenges and enhancing utility, PlutoChain has the potential to expand Bitcoin’s capabilities without compromising its core strengths. 

——————-

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

Solana (SOL) hit a record-breaking all-time high yesterday, fueled by the excitement surrounding Donald Trump’s upcoming inauguration.

This surge has sparked optimism across the crypto market, pushing the global market cap to an unprecedented $3.82 trillion – and the momentum doesn’t seem to be slowing down. With the so-called “Trump Pump” in full swing, investors are feeling bullish about the future of cryptocurrencies.

However, whales are shifting their focus toward a new project called PlutoChain ($PLUTO). Thanks to its hybrid Layer-2 blockchain it has the potential to revolutionize Bitcoin’s capabilities and tap into sectors such as DeFi, gaming applications, AI integration, and NFTs.

Let’s check out the details.

Solana’s Momentum Redefines Expectations. Is $400 Closer Than We Think by 2025?

Solana (SOL) has been experiencing significant momentum, prompting discussions about its potential to reach $400 by 2025. As of January 20, 2025, SOL is trading at approximately $247, with an intraday high of $276.79 and a low of $231.70.

Current technical indicators suggest a bullish trend for Solana. TradingView’s analysis rates SOL as a “strong buy,” based on popular technical indicators such as moving averages and oscillators.

The Relative Strength Index (RSI) is approaching overbought territory, indicating strong buying pressure. However, investors should be cautious of potential corrections if the RSI exceeds typical thresholds. What brings the most excitement is that Solana has managed to reach a new all-time high of $293 yesterday which is fueling bullish forecasts by industry experts.

Longforecast.com projects SOL to reach $413 by May 2025, with potential highs of $507 in June 2025. Similarly, experts at Coincodex see it going to $429 by June this year with it possibly reaching $557 by August.

Solana’s recent price surge is partly attributed to the broader cryptocurrency market’s bullish sentiment, influenced by pro-crypto policies from the new U.S. administration. The introduction of the Official Trump ($TRUMP) meme coin has also contributed to increased market activity.

Additionally, Solana’s network developments, such as enhanced scalability and reduced transaction costs, have attracted more users and developers, bolstering its market position.

PlutoChain ($PLUTO) Could Be The Missing Link For Bitcoins Broader Adoption and More Case Uses

PlutoChain ($PLUTO) is introducing an innovative hybrid Layer-2 blockchain that tackles some of Bitcoin’s long-standing challenges while building on its core strengths.

By leveraging Bitcoin’s unmatched security and decentralization, this project adds much-needed functionality like smart contracts, decentralized apps (DApps), and Ethereum Virtual Machine (EVM) compatibility. The scalability improvements PlutoChain offers are a big deal. It offers block time of just 2 seconds on its own chain, compared to Bitcoins standard 10-minute block time.

This means transactions happen faster and with lower fees, potentially making Bitcoin more practical for everyday uses – whether it’s small payments or large-scale enterprise applications. With this enhanced efficiency, Bitcoin is better positioned to handle increasing transaction volumes without any bottlenecks.

Smart contract functionality is another transformative feature PlutoChain brings to the table. Developers could now build decentralized finance (DeFi) platforms, NFT marketplaces, gaming projects, and even AI-driven tools directly on Bitcoin’s infrastructure. This functionality broadens Bitcoin’s potential beyond being just a store of value. The platform’s EVM compatibility may allow Ethereum-based applications to migrate to Bitcoin with ease, blending Ethereum’s flexibility with Bitcoin’s rock-solid security.

The PlutoChain testnet has already shown promising results, processing more than 43,200 transactions in a single day. This performance demonstrates that the platform can support real-world applications without breaking a sweat. The seamless integration of smart contracts and cross-chain capabilities further builds trust among developers who want a reliable and scalable platform to bring their ideas to life.

Security is a major focus for PlutoChain, and the platform doesn’t cut corners here. It has undergone extensive audits by leading firms like SolidProof, QuillAudits, and Assure DeFi.

These reviews have confirmed that PlutoChain’s code is secure, robust, and free from vulnerabilities, ensuring the safety of user transactions and assets. What sets PlutoChain apart is its decentralized governance model. The project empowers its community to make decisions about key updates, security measures, and others.

These votes are conducted transparently through the project’s official Discord channel, ensuring community members have a real say in shaping the platform’s direction.

The Bottom Line

Solana’s incredible momentum and the broader “Trump Pump” have reignited optimism in the crypto market, with SOL reaching new all-time highs and analysts projecting it could hit $400 or more by 2025.

On the other hand, the new PlutoChain ($PLUTO) could emerge as a groundbreaking project, addressing Bitcoin’s limitations with its hybrid Layer-2 blockchain. By introducing smart contracts, faster transactions, and EVM compatibility, this project could expand Bitcoin’s use cases into DeFi, NFTs, and beyond.

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Dogecoin (DOGE) could be on the verge of a significant price rally, according to crypto analyst Dima James Potts, who cites historical post-presidential inauguration patterns.

Dogecoin and the broader crypto market have faced significant bearish pressure as Donald Trump officially begins his second term. Contrary to popular expectations, the crypto market has taken a substantial hit, and Dogecoin has not escaped the bearish onslaught.

Today, Dogecoin has lost over 10% of its value, trading at $0.3400 at the time of reporting. Trump’s official meme coin has fared even worse, tanking by over 30% today alone.

Meanwhile, market commentators like Ðima James Potts believe the bearish sentiment is only temporary.

Using historical patterns, Potts linked Dogecoin’s extraordinary price surges to U.S. presidential inaugurations. In particular, he points to previous trends as a potential indicator that DOGE could surpass $20 during this cycle.

Dogecoin Historical Trends Pointing to Explosive Growth

Analyzing Dogecoin’s weekly chart, Potts highlighted its price performance following the last two inaugurations.

He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Similarly, in 2021, the meme coin outdid itself with an 80x rally following the event.

These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts projects that a 55x growth—calculated as the average of the previous cycles—would bring its price to an astonishing $20.

Factors Supporting Optimism

Potts is confident that Dogecoin could outperform its historical trends this season. He pointed to technological advancements and the growing global institutional adoption of cryptocurrencies.

Recall that institutional market maker Wintermute recently projected that Dogecoin could get an ETF this year. Potts believes this institutional interest in Dogecoin could create the perfect conditions for another historic rally.

The Path to $10 and Beyond

With Dogecoin trading at $0.3400, rallying to $10 would represent a 3,116% upside for current holders. A run to $20 would yield a 5,778% upside. Interestingly, some analysts are even calling for more explosive price surges for Dogecoin in this cycle, with targets of $30 and $40.

These analysts largely hope that the meme coin will replicate its 2017 and 2021 price performance. However, these lofty price aspirations would mean several trillions of dollars in market cap for Dogecoin—a point critics often use to dismiss the optimism.

The rates of most of the coins are falling today, according to CoinStats.

ADA/USD

The price of Cardano (ADA) has declined by 5.11% over the last 24 hours.

Despite today’s decline, the rate of ADA is on its way to the resistance of $1.0140. If it breaks out, growth is likely to continue to the $1.04 zone.

On the bigger time frame, the picture is neutral, as the rate is far from the key levels. 

Related

The volume is falling, which means there are low chances of seeing any sharp moves in the short term.

From the midterm point of view, the picture is similar to the daily chart. At the moment, one should pay attention to the vital zone of $1. If the candle closes above that mark, the upward move is likely to continue to the $1.10 range.

ADA is trading at $0.9916 at press time.

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provided on U.Today is intended for informational purposes only. U.Today is not
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Despite its legal battle with the SEC, Ripple has shown resilience. The company has made numerous strategic moves, including acquisitions, global expansion, and the launch of its stablecoin, RLUSD. 

Thanks to Ripple’s developments, XRP has surged in value over the past year, but is it possible for it to reach $18 in 2025?

Meanwhile, Bitcoin’s evolution could have the market turning to projects like PlutoChain ($PLUTO), a Layer-2 solution that could tap into Bitcoin’s full potential.

Let’s take a closer look at what’s been going on with XRP and what PlutoChain has to offer.

Can XRP Hit $18 in 2025? Analysts Weigh In

As of January 21, 2025,  the XRP current price is $3.14 with a marketcap of $180,661,743,900.00. Its price is -3.71% down in last 24 hours.

The market cap is sitting at $182 billion, XRP’s circulating supply stands at 57.56 billion tokens, with a fully diluted valuation of $316.17 billion. The asset has climbed an impressive 31.1% over the past month. The token’s all-time high of $3.40 was reached on January 7, 2018, which puts the current price just 7% below that peak.

Right now, XRP’s RSI is at 57, which indicates a neutral trend.

Ripple has been locked in a high-profile legal battle with the SEC since 2020.

The SEC claimed Ripple’s XRP sales were unregistered securities offerings. In July 2023, Ripple scored a partial win when a federal judge ruled that XRP is not a security when sold on exchanges to the general public. However, sales to institutional investors were deemed unregistered securities.

The SEC filed an appeal in late 2024 to challenge the ruling on retail sales. Ripple’s Chief Legal Officer, Stuart Alderoty, called out the SEC for dragging its feet, especially with a likely shake-up in leadership under the new U.S. administration.

Legal battles aside, Ripple has kept moving forward. In May 2023, it acquired Metaco, a crypto custody firm in Switzerland, for $250 million.

Shortly after, Ripple gained approval from Singapore’s Monetary Authority to offer digital payment token services, which strengthened its position in Asia-Pacific.

In October 2024, Ripple took a bold step into the stablecoin market with RLUSD, a U.S. dollar-pegged coin. This launch is seen as a direct challenge to Tether and USDC.

Analyst Lai Jr. believes XRP could spike to $4–$8 around January 20th, thanks to a potential “Trump Pump.” He also sees the possibility of XRP hitting $10–$34 by March, depending on how the SEC case unfolds.

Taking a more cautious approach, crypto analyst Brian suggests XRP might dip to $2.90–$3.05 before rebounding to $3.90.

However, Ripple’s CTO, David Schwartz, has dismissed wild claims that XRP could skyrocket to $10,000 or even $35,000 and urged the community to stick with more realistic expectations.

PlutoChain ($PLUTO) Could Tap Into Bitcoin’s Full Potential as a Scalable, Developer-Friendly Ecosystem

PlutoChain ($PLUTO) has the potential to move Bitcoin beyond “digital gold” and turn it into a platform ready for modern applications.

With Bitcoin hitting $108,000 in December and owning 53.2% of the market, the question now isn’t its dominance but its evolution. This is where PlutoChain steps in.

As a hybrid Layer-2 solution, PlutoChain could tackle Bitcoin’s long-standing problems: congestion, slow transactions, and high fees.

The plan is to create a parallel network that could ease mainnet traffic, cut fees, and speed up transactions.

Using Layer-2 tech, PlutoChain offers block times of only 2 seconds, which is much lower compared to Bitcoin’s 10-minute block times.

This improvement could let Bitcoin support smart contracts, DeFi projects, NFTs, and more.

Developers could seamlessly port Ethereum-based projects thanks to PlutoChain’s EVM compatibility.

Its testnet handles 43,200 transactions daily, which shows it’s ready for real-world use.

PlutoChain’s security measures include audits by SolidProof, QuillAudits, and Assure DeFi, as well as regular stress tests and adherence to global regulations.

PlutoChain also puts the community in charge. Its decentralized governance system gives users the power to propose and vote on upgrades. Every decision reflects the collective vision.

Final Words

Ripple and XRP continue to navigate opportunities and challenges and balance legal hurdles with strategic advancements.

XRP’s potential remains strong, but market dynamics and regulatory outcomes will play a key role in the next few months.

On the other hand, PlutoChain ($PLUTO) might offer an interesting solution to Bitcoin’s scalability issues.

By addressing Bitcoin’s limitations and adding developer-friendly tools, PlutoChain could redefine what’s possible on the Bitcoin network.

Please keep in mind that this article is not financial advice. All crypto tokens are volatile, and trading involves risk. Always do your own research and consult a qualified expert before joining any crypto venture. Mention of any tokens in this article does not guarantee future performance. Statements regarding the future carry risks and are not assured to be updated.

This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.

Let’s look at Solana’s rise, price predictions, and the developments that are driving the price targets. Will Solana be the next crypto to rally? Find out here.

The crypto market has been wild in the last few years, but Solana (SOL) has been one of the top performers. In the previous week, Solana (SOL) has hit an all-time high of $293.31. So, will Solana be the next crypto to rally, and who are the experts predicting big price targets?

Recent Highlights: Solana’s all-time high

January 19, 2025, Solana surged ahead of Donald Trump’s inauguration as investors rushed to buy SOL following the release of the Trump meme coin. A recent Solana transaction involving 216 thousand SOL, valued at approximately $59.4 million, has captured the attention of cryptocurrency experts and traders. This substantial movement is sparking debate and speculation about its implications for the market.

SOL weekly price chart. Source: Brave New Coin

Solana’s price has been all about resilience and volatility. As of January 20, 2025, SOL is at $263.52 after a low of $9 during the FTX collapse, a 3,000% rebound. The recent surge is due to the launch of the Solana-based TRUMP token, a meme coin that went viral.

The TRUMP token launch has caused Solana’s trading volume to surge 40% to $35.8 billion. The cryptocurrency’s rise is backed by DEX volumes, which hit an all-time high of $27 billion. Meme coins like TRUMP and MELANIA are contributing to this growth.

Key on-chain metrics and technicals suggest Solana’s rally will continue. Total Value Locked (TVL) in Solana’s ecosystem went from $10.11 billion to $11.641 billion in a week, according to DeFiLlama. This indicates increasing confidence in the network’s utility and scalability.

Solana Total Value Locked. Source: DeFillama

Revenue is also at an all-time high, with daily fees at $34.27 million on January 20, 2025. These numbers mean Solana can monetize its ecosystem well and is in a strong position in the market.

SOL Ecosystem driving the price

The TRUMP token launched by CIC Digital and Fight Fight Fight LLC is now the 3rd largest meme coin and has brought a lot of attention to Solana. Solana also supports the MELANIA token, which has attracted retail investors and is driving Solana’s bull run.

To expand its ecosystem and attract developers, Solana has bridged with Ethereum’s Solidity through Hyperledger Solang so developers can build decentralized apps on both platforms. Solana has also partnered with Japan’s SBI Group and launched exclusive NFTs on SBI’s Web3 Wallet to expand globally and diversify its ecosystem.

Solana Price Prediction: SOL to hit $500 as the momentum builds

Solana’s recent run has brought back the talk of a $500 target. Currently trading near $270, after hitting an all-time high of $293.31, SOL is still looking very bullish.

SOL/USD daily chart. Source: Trading View

Solana’s technicals are looking good. Here are some levels to watch in the short term. Solana is above all the Exponential Moving Averages (20, 50, 100, 200-day), which means strong momentum and buying pressure.

The RSI is at 51.65, which means there are no overbought or oversold conditions and it supports price stability or growth.

The recent price surge to the 0.786 Fibonacci level at $255.45 shows high buying interest, but there has been a minor pullback. If Solana holds above the 0.618 Fibonacci level at $225.39, it would likely retest the recent highs and possibly new highs.

Solana Fibonacci retracement levels. Source: Trading View

If Solana holds above $225.39 and doesn’t go below the 0.5 Fibonacci level at $204.26, the market could return to the previous high or higher.

A consolidation above these levels could be bullish and possibly challenge the all-time high at $293.76 as per the extended Fibonacci levels. A break below $204.26 could be a deeper correction and possibly target lower levels like $184.46 (0.382 Fibonacci level).

Natalie Dormer (@NatalDormer) is more optimistic. She sees a “cup and handle” pattern on Solana’s weekly chart, a bullish pattern that often precedes big breakouts. Dormer’s analysis is further supported by Solana’s fundamentals, which are that it’s the fastest and most scalable blockchain.

Andrew Griffiths (@AndrewGriUK) is even more bullish. He says SOL has broken above 2021 all time high and is getting stronger. He has a medium term price prediction target of $500 and says increased adoption in DeFi and NFTs is the catalyst.

During the oath-taking ceremony, as the President of the United States of America, Donald Trump failed to mention about cryptocurrencies in his speech. This further led to a significant overnight correction in the crypto market, with Bitcoin price retesting its $102k level.

Moreover, the memecoin segment recorded the highest correction with Trump meme coins crashing over 30%. The largest memcoin, Dogecoin price experienced a similar fate by breaking down its important support trendline.

DOGE Price Records Increased Bearish Action!

The Dogecoin price has displayed a southward trend for the 4th consecutive day, highlighting increased negative influence. Notably, the 07th largest crypto token has lost ~9% in 24 hours with a drop of over 23% in its intraday trading volume.

The Moving Average Convergence Divergence (MACD) records a constant decline in the green histogram. Further, the averages are on the verge of experiencing a bearish crossover in the daily time frame. This suggests an increase in the negative influence for the largest memecoin.

Moreover, the SMA indicator displays a similar price action, witnessing a bearish convergence in the Dogecoin price chart. This highlights that the DOGE meme coin may lose momentum this week.

Will DOGE Memecoin Hit $0.50 This Month?

Suppose, a bullish trend reversal occurs, under such a situation, the Doge coin price will retest its resistance level of $0.385. If the investor’s involvement intensifies at that point, this could push the price toward its upper resistance level of $0.440.

On the contrary, if the bears continue gaining momentum, the DOGE coin will retest its important support level of $0.325. Moreover, if the negative sentiment intensifies, this could result in it plunging toward its lower support level of $0.265.

Are you wondering if the DOGE coin price will hit $1 in 2025? Read CoinPedia’s Dogecoin Price Prediction to unfold the possible long-term action!

FAQs

Legendary trader Peter Brandt believes Cardano (ADA) has reached its bottom, arguing for a grand bull run for the coin amid an impending altcoin season.

Cardano has recently shown bullish momentum, climbing above $1 after previously dipping below it. ADA’s price is $1.08 at the time of writing, reflecting a 4.07% increase in the last 24 hours and a 16.71% rise over the past week.

This resurgence has garnered renewed attention from traders and market analysts, who see potential for further growth.

Cardano Chart Analysis Pointing Grand Bull Run

Veteran chart analyst Peter Brandt recently shared his observations on ADA’s weekly chart, pointing to key patterns that signify a bullish outlook. Brandt’s analysis highlights a descending triangle pattern from 2022 that led to a downward price movement. 

This bearish trend persisted until early 2023 when ADA formed a classic double-bottom base around the $0.2 level. The double bottom, a strong reversal indicator, marked the end of the downtrend and set the stage for upward momentum.

Following the breakout from this base, ADA moved past the $1.20 in late 2024 level before encountering resistance.

According to Brandt, Cardano has completed its bearish phase, forming a solid foundation for a bull market. In parallel, he sparked optimism that a grand altcoin season could be around for ADA.

Meanwhile, when asked about his value thesis for ADA, Brandt clarified that he is a chart-based swing trader without an underlying value thesis. Moreover, he noted has likely never traded Cardano.

I do not have an underlying value thesis. I am a chart based swing trader. I post charts that are interesting. I am not sure I have ever even traded $ADA

— Peter Brandt (@PeterLBrandt) January 17, 2025

Other Bullish Commentary on Cardano

In addition, analyst Crypto Rand pointed to further bullish signals for Cardano in a separate commentary. He highlighted a bullish pennant on Cardano’s chart following its sharp rally in late 2024.

According to the analyst, ADA has one of the most promising charts, arguing that ADA could rally to $2 soon.

Meanwhile, analyst Dan Gambardello has predicted Cardano could reach a $500 billion market cap and $14 per coin during its major bull run. He suggests a rally to $3 and $7 is feasible, with $14 achievable in a supercycle.

Spike in Network Activity 

On-chain data from IntoTheBlock reveals heightened activity on the Cardano network, reinforcing the optimistic sentiment surrounding ADA. The 7-day Net Active Change rose by 4.79%, reflecting a modest uptick in network engagement. 

More notably, the 7-day “Actively Accumulating Change” increased by 11.99%, signaling growing interest from long-term holders.

Additionally, the 7-day “Zero Balance Addresses Change” surged by 12.26%, suggesting the creation of new wallets or the reactivation of dormant addresses.

Shiba Inu is still having a lot of trouble because its price is not able to hold onto important support levels. The asset has been declining, which is a worrying indication for traders. It lost important support at $0.000022 and briefly touched $0.000021. Even after a 5.36% rebound in the most recent session, SHIB is still under a lot of pressure and shows no immediate indications of a long-term recovery.

This weakness in SHIB‘s market structure is reflected in the recent test of the 200 EMA and the breakdown below the 50 EMA. Previously serving as powerful levels of support, these moving averages are now acting as resistance levels. According to these developments, buyers are having difficulty regaining control, and bearish momentum is still prevalent. The magnitude of selling pressure is further highlighted by volume spikes that coincide with these declines. 

Although there has been some respite in the most recent rebound around the $0. 000021 level, there has not been enough strong follow-through to indicate a significant reversal. SHIB may continue its current bearish trend in the absence of a clear upward trajectory or noteworthy catalyst. In the future, $0.000022 will be the immediate resistance.

SHIB may be able to test higher zones like $0.000024 if this level is reclaimed. However, a more severe drop toward $0.000019 might be imminent if the asset is unable to stabilize above $0.000021. SHIB is currently still in a precarious situation. Its future is uncertain due to its lack of volatility and waning enthusiasm. 

While being wary of additional downside risks, traders should keep a close eye on the $0.000021 level for any indications of a recovery. To restore investor confidence and stop the company from continuing to decline into lower territory, firm action is required.

Ethereum recovers

With a dramatic 4.79% rally, Ethereum has shown signs of life and may be coming out of its recent slump. With this spike, there is hope for a longer-term recovery as the asset recovers from the crucial support level around $3,120. With ETH now trading at $3,356, it has broken above significant resistance levels for the first time in weeks and is getting closer to the 50 EMA.

If this level is consistently broken above, it may confirm a bullish outlook and open the door for Ethereum to soon aim for the $3,500 mark. However, maintaining momentum and the capacity to maintain current levels are prerequisites for this recovery. 

A discernible increase in trading volume has coincided with the recent price spike, suggesting that investors are once again interested. This increase might be the beginning of a longer-term rally, particularly if Ethereum is able to hold onto its current course in the days ahead. For Ethereum, the $3,500 range will serve as a critical resistance level in the future. If broken, the next target would probably be $3,800, where there was a lot of selling pressure on the asset in the past. The $3,120 level is still a crucial support on the downside. Ethereum may return to a bearish trend if this level is lost, with $3,000 serving as the next support.

Although Ethereum’s recovery is encouraging, its future course will also be influenced by general market conditions. Ethereum may profit from the general upbeat mood on the cryptocurrency market as Bitcoin continues to show strength. Although ETH seems to be waking up for the time being, its next actions will determine whether or not this momentum can develop into a full-fledged recovery.

XRP enters correction

XRP jumps back up after the period of correction. The asset’s robust bullish momentum was demonstrated by its nearly 10% recovery over the past day. Because it indicates the possibility of future growth, this move has attracted the attention of traders and investors. XRP had a natural pullback after its big rally earlier this month, testing support levels close to $3. 

Considering the quick rise and overbought circumstances, the correction was anticipated. But XRP’s quick recovery suggests that there is strong buying interest at lower prices. The 26 EMA is one of the main technical elements driving XRP’s recovery; it has now begun to catch up with the price action.

By serving as a dynamic support level, this exponential moving average lays the groundwork for future upward movement. Sustaining bullish momentum depends on the asset’s capacity to remain above this crucial level. XRP is encountering resistance at its most recent high of $3.50, and it is currently trading close to $3.42. It would be a major milestone for the asset if it were to break above this level and retest the $3.75-$4.00 zone.

A breach could indicate a more significant correction on the downside as the $3 level is still a critical support. The recent price spike was accompanied by an increase in trading volume, which suggests that there is renewed interest in XRP, supporting the bullish argument. Given the improving market sentiment and advantageous technical setup, XRP seems ready for a further surge.

Although there are still risks — particularly given the volatility of the overall market — XRP is well positioned for future growth given its robust recovery and alignment with important technical levels. All eyes are currently on the asset’s ability to maintain its upward trajectory and overcome significant resistance levels.