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In a recent video, analyst Steph discussed what 2,000 XRP tokens could be worth by the end of the 2025 bull cycle.
According to him, XRP’s market dominance, after years of decline, has finally broken out of a long-term downtrend dating back to 2017.
Historically, XRP reached a market dominance of around 30% during the last powerful bull cycle. At the time of Steph’s recording, XRP held roughly 4% of the total crypto market share. Meanwhile, Bitcoin dominated at 62% and Ethereum at around 10%.
Steph suggests that if XRP can reclaim its previous dominance highs, it could significantly boost the token’s value and reward today’s investors. He leveraged various market assumptions for XRP to forecast the potential worth of 2,000 coins.
In the first scenario, Steph assumes the total crypto market cap remains stagnant at $3.48 trillion, which he describes as highly conservative. If XRP regains 30% market dominance, the token could see a 7.5x increase from its current level.
With a then-current price of $2.13 per XRP, this scenario implies a target price of $17.10 per token. That would bring the value of 2,000 XRP to $34,200. Compared to the current investment of around $4,650, that’s a potential return of 635%, even without any overall market cap growth.
However, the likelihood of this outcome remains speculative, as it assumes XRP alone experiences massive growth while other assets remain relatively flat.
Steph’s second scenario assumes a more optimistic market environment, where the total crypto market cap doubles to $6.96 trillion.
With the same 30% market dominance, XRP’s price would rise to $34.20. Under this projection, 2,000 XRP tokens could be worth $68,400, representing a gain of over 1,370% from current levels.
Steph emphasizes that this scenario is possible and probable, given growing institutional interest and broader crypto adoption trends. Notably, several institutions have disclosed plans to hold XRP as a treasury asset. Others have filed for ETF products involving XRP.
Beyond market dominance, Steph highlighted a key technical formation on XRP’s monthly chart: a double bottom (W) pattern, with a confirmed breakout above the neckline and monthly closes above previous all-time highs.
The target price from this chart formation is approximately $30 per XRP, aligning closely with the target in Scenario 2.
“This is extremely bullish,” Steph noted, pointing out how the chart pattern supports both a market cap doubling and a return to historical dominance levels.
Despite the bullish outlook, Steph tempers expectations by noting there are no guarantees XRP will return to 30% dominance. Meanwhile, he noted even a rise to 15–20% could still deliver strong gains for investors.
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.
The rates of the majority of the coins are going down today, according to CoinStats.CoinStats”>
The price of Bitcoin BTCUSD has dropped by 0.43% over the past day.TradingView”>
On the hourly chart, the rate of BTC has broken the local support of $104,426. However, one should focus on the daily bar’s closure.
If it happens with a long wick and the candle closes far from that mark, the ongoing correction might be postponed.TradingView”>
On the bigger time frame, the price of the main coin is in the middle of the channel, between the support of $1.3,675 and the resistance of $106,329. As none of the sides is dominating, there are low chances of seeing sharp moves by the end of the week.TradingView”>
From the midterm point of view, the rate of BTC is within the previous weekly bar. The volume is not going up, which means ongoing sideways trading around the current prices is the more likely scenario.
Bitcoin is trading at $104,576 at press time.
Cardano is trading near a major breakout point, with fresh institutional backing and bullish weekly signals hinting at a potentially decisive move ahead.
ADA Cardano price might be gearing up for something big. A fresh wave of institutional attention led by Franklin Templeton, and a bullish weekly chart setup are catching participants’ interest again. With the ADA Cardano price hovering near key technical zones, the stage looks set for a decisive move.
Cardano has just received a significant credibility boost. Asset management giant Franklin Templeton, with over $1.5 trillion in assets under management, is now running Cardano nodes, according to a recent tweet from Dan Gambardello. This isn’t just passive interest; it’s hands-on infrastructure support from one of TradFi’s biggest names. Even more telling, Franklin Templeton’s CEO recently met with Frederik Gregaard of the Cardano Foundation, signaling clear intent for deeper institutional collaboration.
Franklin Templeton begins running Cardano nodes, signaling a strong institutional commitment to ADA’s long-term growth. Source: Dan Gambardello via X
This move opens the door to a new wave of validation and alignment for Cardano. While the market hasn’t fully priced this in yet, the long-term prospect will now be drawing more capital flows for Cardano.
Following the Franklin Templeton development, Cardano’s price action is now showing a bullish technical alignment as per the analyst CryptoCred. According to him, ADA is currently sitting on strong weekly support with a higher low structure in place. The $0.68 to $0.70 zone continues to act as a key pivot, and the recent defense of this area suggests buyers are positioning for a bigger move. If this structure holds, the path toward the $1 level opens up again.
Cardano holds strong above weekly support hinting at a potential breakout toward the $1 mark. Source: CryptoCred via X.
Zooming out, the weekly chart presents a clean reclaim of long-term support and continuation pattern. There’s no aggressive chase yet, which makes this setup interesting for those looking for structured entries rather than hype-driven volatility.
While ADA’s weekly structure looks healthy, the lower timeframe is flashing a different kind of signal. ChartX highlights a classic symmetrical triangle pattern developing on the daily chart. Price action has steadily tightened, with both trendlines now converging near the apex, closer to a price breakout.
Cardano forms a symmetrical triangle on the daily chart, tightening toward a breakout that could trigger a 10–20% price swing. Source: ChartX via X
This kind of setup often leads to a major directional breakout. Once price breaks out from this triangle, whether that’s in a couple of hours or days, it’s likely to dictate ADA’s next 10% to 20% move.
While Cardano’s price has been hovering near a major triangle breakout point, the latest weekly development report by Input Output confirms that the chain’s fundamentals are far from stagnant. Over 2,000 projects are now building on Cardano, with active wallet numbers and token policies inching higher week over week. On-chain activity continues to expand, with 109.98 million total transactions and a growing list of scripts being deployed.
Cardano on-chain activity is reinforcing bullish technical signals with steady network growth. Source: Input Output
This steady uptick reflects builder confidence and active engagement on the protocol, something that aligns well with the bullish weekly chart setup and Franklin Templeton’s recent node integration. If the technical breakout does arrive, it’ll be resting on a strong and steadily growing foundation, rather than any speculative developments.
Despite the recent on-chain strength and institutional buzz around Cardano, not all charts are pointing north. Chill Trader has flagged a classic bear flag formation on ADA’s lower timeframe chart, where price is consolidating in an upward-sloping channel after a steep drop. This structure typically leans bearish, with a breakdown often leading to continuation in the prior downtrend. The projected move targets the $0.60 zone.
Cardano forms a potential bear flag on lower timeframes, suggesting a short-term dip toward $0.60. Source: Chill Trader via X
Still, this setup offers a short-term contrary view against a higher time-frame broader bullish narrative. With Franklin Templeton’s involvement and Cardano’s fundamentals looking strong, this bearish pattern could end up having limited impact rather than a full breakdown.
Cardano is sitting in a moment caught between strong long-term fundamentals and mixed short-term signals. The Franklin Templeton node news adds serious weight to the bullish case, backed by a solid weekly structure and clear on-chain growth. But near-term charts still suggest a potential dip, especially if the bear flag plays out. The real question now is whether the triangle breakout arrives first and pushes ADA toward $1, or if a short-term shakeout to $0.60 happens before the next leg higher. Either way, Cardano’s price prediction is entering a key stretch that could set the tone for the rest of the summer.
Ripple’s (XRP) bulls are struggling to limit downside risks while the broader cryptocurrency market consolidates. The international money transfer token trades at around $2.18 after extending losses by 4%. Fundamentals from the derivatives market suggest that overhead pressure could continue to overshadow demand, especially with the Open Interest (OI) and trading volume falling sharply.
The XRP derivatives market exhibits signs of a potentially prolonged downtrend, primarily due to a decline in open interest (OI) and trading volume. According to CoinGlass data, OI declined by almost 3% to $3.91 billion over the past 24 hours. This drop coincides with a larger 14% plunge in trading volume to $3.53 billion, signaling a decline in trader interest in XRP and low market participation.
XRP derivatives market data | CoinGlass
The price drop, coupled with the falling OI, could continue to fuel liquidations. Long position traders currently bear the biggest brunt of the changing market dynamics, with $4.45 million in value wiped out, compared to approximately $294,000 in shorts. If XRP upholds the downtrend in upcoming sessions, the long-to-short ratio at 0.9275 could continue to favor sellers, reducing the probability of a trend reversal.
XRP hovers under key moving averages such as the 4-hour 200-period Exponential Moving Average (EMA) currently at $2.27, the 100-period EMA at $2.25 and the 50-period EMA at $2.22. This, alongside a sell signal from the Moving Average Convergence Divergence (MACD) indicator, underscores the overhead pressure.
The blue MACD line recently crossed below the red signal line, validating the sell signal and likely encouraging traders to reduce exposure to XRP. Furthermore, the expanding red histogram bars below the mean line (0.00) increase downside risks.
Based on the Money Flow Index (MFI), which tracks the amount of money flowing into and out of XRP, there is a higher probability that declines could extend to test support at $2.07.
XRP/USDT 4-hour chart
Despite the bearish outlook, the SuperTrend indicator suggests a potential near-term trend reversal after flashing a buy signal in the same 4-hour timeframe. The trend-following tool serves as dynamic support and resistance by utilizing the Average True Range (ATR) to measure market volatility. Traders often consider buying when the price crosses above the SuperTrend line, changing color from red to green.
A reversal cannot be ruled out at the momentum, which means that the 50-period EMA at $2.22, the 100-period EMA at $2.25 and the 200-period EMA at $2.27 are key areas of interest to traders betting on a potential rebound.
Solana (SOL) is seeing a notable spike in network activity, even as its recent price action remains underwhelming. This contrast has sparked Solana price predictions hinting at a possible climb toward $500.
Meanwhile, JetBolt (JBOLT) is piquing the interest of crypto whales thanks to its advanced feature set. This young altcoin continues to push the boundaries of crypto with its distinct and practical innovations, such as zero-gas technology and an AI-powered insights tool. These next-gen features are fueling JetBolt’s strong presale performance, with over 356 million tokens sold as of writing.
Can JetBolt sustain its momentum? Does SOL have a real shot at $500 and what are the latest Solana price predictions? Read on for the latest developments on JetBolt’s presale and Solana price forecasts.
Solana Price Prediction: Can SOL Reach $500 with Rising On-Chain Activity?
Solana (SOL) is gaining positive momentum as its network experiences a surge in on-chain activity, particularly a jump in 30-day fee revenue. As of May 2025, Solana’s 30-day fees rose compared with April, indicating growing demand for SOL tokens.
Chart showing Solana’s overall TVL and other data, sourced from DefiLlama
Solana’s rising total value locked (TVL) is another strong indicator of the spike in network activity. According to DefiLlama, Solana’s TVL has surpassed $8 billion, reflecting strong user engagement and deepening liquidity across its ecosystem.
Despite these positive developments, SOL is still trading below $180. SOL’s current market rate is approximately $153.84, down 10.6% over the past week.
According to Maham Arslan’s analysis, SOL may be trending downward. Nevertheless, its next price movement can potentially range between $157 and $165—a slight rebound from its current levels.
However, without a clear bullish catalyst, Solana price predictions suggesting a rally to $500 remain highly optimistic.
Here’s How JetBolt (JBOLT) Pushes the Boundaries of Crypto
While Solana’s network activity is booming, a rising altcoin is setting a new standard in the Web3 space. JetBolt (JBOLT) continues to gain traction as its high-tech features attract savvy crypto users and whales.
Championing next-level usability, JetBolt introduces its game-changing zero-gas technology. JetBolt leverages the Skale network’s gas-free architecture to enable users to transact without the burden of hefty gas fees.
JetBolt also introduces a fresh take on crypto staking with its intuitive staking platform. This innovative system lets participants earn bonuses when they simultaneously stake their tokens while interacting with friends.
Another standout feature is JetBolt’s crypto insights tool, powered by artificial intelligence. This AI-driven tool displays snippets of trending crypto market developments and other information about the crypto landscape.
Currently in presale, JetBolt offers early-bird perks. Presale buyers can unlock up to 25% bonus tokens when they purchase Alpha Boxes or JBOLT tokens in batches. With its exciting perks for early adopters, JetBolt has sold over 356 million tokens so far.
To sum up, JetBolt’s user-centric features, powered by cutting-edge technology, make this novel cryptocurrency worth keeping an eye on.
Conclusion — Solana’s Growing Network Activity and JetBolt’s Web3 Features
Solana’s growing network activity is hard to ignore. However, with SOL’s price hovering around $150, price predictions suggesting a climb to $500 seem far-fetched. Meanwhile, crypto whales are zeroing in on JetBolt. This rising star redefines the limits of crypto with a suite of groundbreaking features.
For more information on JetBolt’s ongoing presale, visit the official JetBolt website.
This article offers no financial or crypto trading advice. All cryptocurrencies are risky and volatile. Due diligence and in-depth research are essential before purchasing any crypto asset.
Dogecoin (DOGE) is easily one of the most talked-about cryptocurrencies globally. From being created as a joke in 2013 to becoming a fan-favourite backed by Elon Musk, the project has enjoyed an extraordinary journey. In 2021, it shocked the world when it surged by thousands of per cent, turning small investments into life-changing amounts almost overnight.
But after the hype cooled and prices dropped, can Dogecoin do it again in 2025? Will DOGE follow a similar path as it did in the last bull run, or has the spotlight shifted to newer tokens offering more functionality?
Let’s examine what might lie ahead for DOGE, what experts are predicting, and why meme coins like Dawgz AI ($DAGZ) draw growing interest from crypto investors.
To understand what could happen in 2025, reflecting on what happened in 2021 is essential.
Back then, Dogecoin’s rise wasn’t just about price charts. It was powered by:
It quickly became the coin of the people: fun, cheap, and meme-worthy. That combination drove demand, and prices skyrocketed as more people bought in.
But 2025 is a different time. The crypto market has matured. Many investors now look for tokens that offer more than memes; they want utility, security, and better tools.
That’s why some believe the next big winner might not be DOGE again, but something which blends meme appeal with actual tech.
While Dogecoin helped put meme coins on the map, Dawgz AI ($DAGZ) is part of a new generation that is taking things further.
Yes, it uses dogs and internet humour to grab attention. But behind the scenes, it’s offering real features that can benefit crypto users. Here’s why it’s being talked about as a top meme coin to buy in 2025:
The main engine behind Dawgz AI is called Blackbox AI, a trading engine that reads market data, watches for patterns, and places trades automatically.
This matters because most people in crypto lose money from panic selling or chasing trends. With Dawgz AI, the AI works based on logic and data. You don’t have to time the market or stare at charts all day.
Dawgz AI launched its presale at just $0.0017. It has already more than doubled to $0.004 and raised over $3.6 million, showing strong interest from early buyers.
This early action is usually a sign that a project has momentum. And with exchange listings on the way, some believe the price could climb further.
$DAGZ holders can stake their tokens and earn rewards. It is different because there’s no vesting – you own 100% of what you buy immediately. You can stake or sell when you want.
This makes it easier for people who want flexibility and passive rewards without locking their funds.
New crypto projects often face questions about safety. That’s why Dawgz AI did a full audit with SolidProof, a trusted security company. They checked the code and found no major issues, giving users more peace of mind.
Dawgz AI is thrilled to announce our successful audit with @SolidProof_io. 🔒We’re committed to transparency and safety for the Dawgz Army!
Check out our full audit report here: https://t.co/xl9uwfzOqO https://t.co/MGxqO2vxRk pic.twitter.com/v9IxN01WU3
— Dawgz AI (@Dawgz_AI) November 6, 2024
Dawgz AI’s roadmap is structured in four stages:
The team has also hinted at future listings on major exchanges, which could give $DAGZ more exposure and daily trading volume.
Now, back to DOGE. Let’s look at Dogecoin price prediction analysis for 2025 and 2030. According to experts, Dogecoin’s path ahead looks like this:
These predictions suggest that while DOGE could rise again, the gains may not match the wild run of 2021, considering the present-day value of $0.22.
That means it could potentially at least 10x from where it is today. Still, the climb is expected to be slower and depend more on broader market movements and demand.
Dogecoin’s rise in 2021 was special, but that kind of surge is hard to repeat. And with so many new meme coins coming out, investors are now more selective.
Many desire coins that feel fun but also do something useful. That’s where tokens like Dawgz AI fit in.
With:
…it checks many boxes for people wanting both entertainment and utility from a crypto project.
Dogecoin will always have a place in crypto history. It created a whole new category and proved that meme power is real. However, looking ahead to 2025, its price path might be slower and more limited than before.
That’s why many investors are looking into next-gen meme coins like Dawgz AI. They still bring humor and branding, but back it up with working tools, flexible staking, and AI trading features.
If you missed Dogecoin in 2021, 2025 could offer a new opportunity, but it may come from a different coin entirely.
Dogecoin could still see price increases, but experts expect smaller gains than in 2021. Newer meme coins with actual features, like Dawgz AI, may offer greater potential.
Yes, it is possible under favourable market conditions. However, Dogecoin would need a much larger market cap (over 5x more) than it has today.
Like the rest of the market, Dogecoin has seen price dips, but interest in meme coins hasn’t gone away. Newer projects with features like AI-powered tools are raising the curiosity of investors looking for the next opportunity.
Ripple’s XRP has re-emerged as a top contender in the cryptocurrency market, with analysts offering bold price predictions ranging from $10 to $28 over the next five years.
As of June 5, 2025, XRP is trading at approximately $2.20, reflecting a 35% decline from its January peak of $3.40.
Several catalysts could drive XRP’s price upward:
Analysts have outlined various scenarios that could see XRP’s price surge:
While projections of XRP reaching $10, $22, or even $28 are grounded in specific market conditions and growth assumptions, it’s essential for investors to consider the broader market volatility and the speculative nature of such forecasts.
XRP’s utility in cross-border payments and its growing institutional adoption provide a solid foundation, but market dynamics and competition will play significant roles in its future valuation.
The market has quickly changed to red, according to CoinMarketCap.
The rate of Solana (SOL) has fallen by 3.48% over the last day.
On the hourly chart, the price of SOL keeps looking bearish. If the price breaks the local support, the accumulated energy might be enough for a further correction to the $145 mark.
On the longer time frame, sellers are also more powerful than buyers.
If the candle closes below the $152.14 level and with no long wick, one can expect a test of the $140-$145 range shortly.
From the midterm point of view, there are no reversal signals so far. In this case, one should pay attention to the previous bar’s low. If the rate goes below $150, there is a possibility to witness an ongoing correction to $140.
SOL is trading at $150.67 at press time.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
The spotlight on XRP in 2025 intensifies as Ripple’s native token continues to anchor itself as a leader in cross-border payment solutions, supported by recent regulatory wins and institutional partnerships.
At press time, XRP trades at $2.25, commanding a market capitalization of $132.61 billion and a 24-hour trading volume of $2.48 billion according to CoinMarketCap.
Despite its established position, a new Ethereum-based meme coin, $DAGZ, is emerging as a high-growth contender, leveraging artificial intelligence and community-driven enthusiasm. But can this meme token outshine XRP in the anticipated 2025 bull market? Let’s dive deeper.
XRP’s market performance reflects a dynamic interplay of short-term volatility and long-term growth potential. Over the past 24 hours, XRP has posted a 2.53% gain, with a 4.71% increase in the last month. However, a 1.97% decline in the past week highlights ongoing fluctuations. Technical indicators provide critical insights into its trajectory:
Analyst forecasts for the near term suggest XRP will trade within a range of $2.12–$2.46 in June 2025. CoinCodex projects a modest decline to $2.24 by July 4, 2025, representing a -0.89% change. However, a six-month projection is more optimistic, forecasting $3.39 by November 30, 2025, a 50.31% increase from current levels.
This short-term bearish trend aligns with technical indicators, as the falling 50-day and 200-day moving averages suggest resistance at $2.30 and support at $2.12. A break below $2.12 could test $2.00, while a bullish reversal above $2.46 may target $2.60.
Looking beyond 2025, XRP’s price trajectory remains promising:
The resolution of Ripple’s SEC lawsuit in March 2025, with a reduced $50 million penalty (down from $125 million) and a ruling that XRP is not a security, has significantly boosted investor confidence. The SEC’s decision to drop its appeal, combined with a crypto-friendly U.S. administration under President Trump, has alleviated regulatory overhang, paving the way for broader adoption.
However, competition from other players, such as Dawgz AI, combined with the 38 billion XRP held in escrow, could introduce supply pressure. Let’s have a look at his coin that has been turning heads over the last few months.
While XRP solidifies its role in global finance, $DAGZ, an Ethereum-based meme coin, is capturing investor interest by blending viral community appeal with advanced artificial intelligence. With a total supply of only 8.888 billion tokens, $DAGZ has raised over $3.7 million of its $4.19 million presale target as at the time of writing.
The current price of $0.00438 per $DAGZ is set to increase to $0.00474 in the next stage, offering early investors a low entry point with significant growth potential. Audited by SolidProof, a trusted German blockchain security firm, $DAGZ prioritizes transparency and investor trust.
At its core, $DAGZ integrates AI-driven trading algorithms developed by a team of Wall Street veterans and financial analysts. These algorithms operate 24/7, analyzing market trends in real-time to execute high-frequency trades, aiming to deliver consistent returns with minimal effort from holders. This distinguishes $DAGZ from traditional meme coins, which often rely solely on hype. The project’s tokenomics are structured for long-term sustainability as follows:
$DAGZ leverages Ethereum’s robust DeFi ecosystem, supporting over 430 compatible wallets, including MetaMask, Coinbase Wallet, and Trust Wallet, for seamless accessibility. Its roadmap outlines a multi-phase approach, starting with community building and meme-driven marketing, followed by exchange listings and continuous enhancements to its AI algorithms.
The project’s community focus is evident in its emphasis on meme contests and social media engagement, creating a fun and participatory environment. By combining entertainment with sophisticated technology, $DAGZ appeals to retail investors seeking both profitability and engagement.
XRP’s 2025 price prediction, with an average range of $1.85–$2.46 and a potential high of $20.04 by 2030, reflects steady growth driven by institutional adoption and regulatory clarity. However, its $132.3 billion market cap and 58.98 billion XRP in circulation may limit explosive short-term gains, especially with escrow-related supply pressures.
In contrast, $DAGZ operates in a high-growth niche, blending meme coin virality with AI-driven profitability. Its low price and presale stage offer significant upside, with crypto enthusiasts suggesting 100x growth if it secures major exchange listings like Binance or Coinbase. The 2025 bull market, driven by macroeconomic tailwinds such as interest rate cuts, could amplify the performance of meme coins.
Additionally, $DAGZ’s AI algorithms provide a competitive edge, offering returns in both bull and bear markets. Its community-driven approach taps into retail enthusiasm, potentially driving exponential price appreciation. To learn more about this token’s potential, watch this video.
XRP’s price prediction for 2025 projects a range of $2.12–$2.46 with long-term potential reaching $20.04 by 2030, driven by regulatory clarity, ETF momentum, and institutional partnerships. Its role in cross-border payments ensures long-term stability, but supply pressures and competition may cap short-term gains.
Meanwhile, $DAGZ emerges as a dynamic contender, combining meme coin appeal with AI-driven trading innovation. With a successful presale, robust tokenomics, and a rapidly growing community, $DAGZ is poised to capture significant market attention in the 2025 bull run, offering investors a high-growth opportunity to complement XRP’s steady fundamentals. Claim your Dawgz AI tokens here to stay ahead of the curve.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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Cardano price has remained under pressure this year as it lacks a clear catalyst to push it higher. ADA price was trading at $0.668 on Thursday, down by 50% from its highest point in November last year. This article explains the top 4 reasons to sell ADA to avoid more losses.
The first main reason to avoid Cardano is that it is largely a ghost chain, a blockchain that is not supported by an active ecosystem. Data shows that Cardano’s decentralized finance (DeFi) ecosystem has a total value locked (TVL) of $411 million.
While this is a big number, it is much smaller than some of the recently launched networks like Berachain, Sonic, and Unichain. Also, a closer look shows that Liqwid, has $103 million in assets. The other remaining dApps on its ecosystem have less than $80 million in assets.
At the same time, the supply of stablecoins on Cardano has dropped to about $30 million, a tiny amount considering that there are over $250 billion in circulation.
Read more: Solana Price Prediction as a “New” $1.9 Billion Catalyst Emerges
The other reason why the Cardano price may crash is that the much-anticipated Bitcoin integration may flop.
For starters, Cardano hopes to integrate with Bitcoin through the BitcoinOS Grail Bridge. It hopes that this integration will unlock over $1.3 trillion in liquidity to flow its network.
One benefit of this integration is that it will let users stake their Bitcoin. However, there is a likelihood that this integration will not work out as expected. That’s because the technology to stake Bitcoin already exists through platforms like Babylon Protocol and Lombard Finance.
Further, there are signs that Cardano has weak on-chain metrics that may affect its growth. The chart below shows that the number of holders has dropped to 4.49 million, down from a high of 4.5 million in May.
Another data shows that Cardano’s active addresses have plunged in the past few days. After peaking at 26,660 on May 23, the figure has tumbled to below 20,000 today. That is a sign that users are not interacting with Cardano as they did before.
More data shows that whales have continued to sell their Cardano coins in the past few months. Holders with between 100 million and 1 billion coins hold 3.02 billion coins, down from 3.4 billion in April. Similarly, those holding between 1 million and 10 million coins hold 5.72 billion coins, down from 6 billion earlier this year.
Read more: XRP Price Prediction: Can Ripple Turn $1K to $10K by 2030?
Finally, Cardano has weak technicals that may push it much lower soon. The eight-hour chart shows that the coin formed a double-top pattern at $0.844 and has now moved below the neckline at $0.711. A drop below that neckline is a sign that bears have prevailed.
Cardano price has also formed a bearish flag pattern, a popular negative sign. Therefore, the coin will likely continue falling as sellers target the key support at $0.513, its lowest point in April, down by 23% from the current level.
Read more: New $6.4 Billion Tech Company Joins Hedera Hashgraph (HBAR) Council