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23 02, 2025

A Potential 10% Surge Ahead

By |2025-02-23T05:01:20+02:00February 23, 2025|Crypto News, News|0 Comments

Cardano (ADA), the native cryptocurrency of the Cardano blockchain, is currently navigating a critical moment in its price action. While the cryptocurrency industry faces turmoil following a massive $1.4 billion hack targeting the ByBit exchange, ADA has shown remarkable stability. The token’s price has held above an essential support level, and traders are closely watching whether it can continue its upward momentum or if a decline is imminent.

Recent Market Activity: A Volatile Week for Crypto

The past 24 hours have been particularly eventful for the cryptocurrency market. The ByBit hack has had a significant impact, rattling investor confidence and causing widespread market uncertainty. While the broader market has taken a hit, ADA has managed to stay relatively steady, trading around $0.76 at the time of writing, down 4% from the previous day.

Despite this drop, ADA saw an impressive 50% increase in trading volume, signaling that investor participation has spiked. This surge in activity is indicative of heightened interest in Cardano, even amid a volatile market environment. With many traders looking for opportunities, ADA’s price action could be poised for a potential move, especially if it holds above its key support level.

Price Action: Testing Crucial Support

Cardano’s price is currently hovering near a critical point, with ADA touching an ascending trendline that has historically acted as a reliable support level. The trendline has been in play since early February 2025 and has consistently triggered price reversals when ADA approaches it. Over the last 20 days, every time the asset has touched the trendline, it has seen upward momentum, making it a key area to monitor for any signs of a price rebound.

In addition to the trendline, ADA has also found horizontal support at the $0.745 level. If ADA manages to hold above this crucial support zone, there is a strong possibility that the cryptocurrency could see a 10% price increase, potentially reaching $0.85. However, if the price falls below the $0.74 mark and closes a four-hour candle beneath this level, a further decline to $0.65 could be on the horizon.

Technical Indicators: Mixed Signals

Looking at the technical indicators, the market presents mixed signals. ADA’s Average Directional Index (ADX) currently stands at 16, which indicates weak momentum and a lack of clear direction in the market. This suggests that ADA may not see a quick recovery or strong price action in the near future, and traders should remain cautious.

Moreover, ADA is still trading below its 200 Exponential Moving Average (EMA) on the four-hour chart, a bearish signal that could indicate further price weakness. While the token is finding some support at the trendline, the overall market sentiment remains uncertain, making it difficult to predict with certainty which direction ADA will take next.

Whale Activity: A Decrease in Large Transactions

On-chain data from analytics firm IntoTheBlock reveals that large transaction volume for ADA has dropped by 8%, suggesting a reduction in whale participation. This could be a result of market uncertainty, as major holders may be hesitant to make large moves amid volatile conditions. Additionally, data from Coinglass shows mixed sentiment among investors, with both inflows and outflows of ADA tokens observed across exchanges.

After the ByBit hack, ADA saw inflows of $7.35 million on exchanges, indicating some buying interest. However, just hours later, outflows of $6.50 million were recorded, suggesting that investors may be accumulating tokens or pulling their funds for safety. These conflicting signals from large investors highlight the uncertain mood in the market and underscore the importance of ADA holding its support levels.

What’s Next for Cardano?

As Cardano continues to hover around key support levels, its price movement will largely depend on how it reacts to these critical zones. Investors should keep a close eye on the $0.74 level, as a breakout above this point could trigger a 10% rally, potentially pushing ADA towards the $0.85 mark. On the other hand, a failure to hold above this level could lead to a decline to $0.65, marking a bearish turn for the asset.

With the overall market sentiment still uncertain, it is difficult to predict with complete accuracy how Cardano will perform in the coming days. However, the strong support levels and historical price action provide hope that ADA could recover and potentially see a price surge if the broader market stabilizes.

Conclusion: Patience Is Key

In conclusion, Cardano’s price action is currently at a crossroads. Despite recent market volatility and the ByBit hack, ADA’s price remains relatively stable, held up by crucial support levels. While the technical indicators suggest weak momentum, the historical trend of reversals at the ascending trendline and horizontal support offers a glimmer of hope for a potential 10% surge.

As always with cryptocurrency, market conditions can shift rapidly, and traders should remain cautious and keep an eye on key price levels. ADA’s next move will likely be determined by its ability to hold above the $0.74 level, so investors should be prepared for both upside potential and the possibility of further downside.


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23 02, 2025

XRP Price Prediction: Can XRP Rally to 30$ Due To Bank of Japan Usage of Ripple

By |2025-02-23T02:59:54+02:00February 23, 2025|Crypto News, News|0 Comments

Big news in the crypto world – the Bank of Japan is looking to use XRP for international payments. If this happens, we could see XRP usage skyrocket as more financial institutions jump on board, which might drive up its price significantly – we’ll check it out in detail below.

While XRP is bringing changes in traditional finance, PlutoChain could bring new functionalities in the Bitcoin space. Their hybrid L2 technology could give Bitcoin’s ecosystem a serious upgrade in the coming weeks.

Let’s check out the details.

XRP Price Prediction: Japanese Banks’ XRP Adoption Could Signal Major Price Movement – Is $10 on the Horizon?

Japan’s financial sector might be on the verge of a major shift toward XRP adoption. SBI Group’s leader Yoshitaka Kitao envisions XRP revolutionizing how Japan’s migrant workers send money home, making transfers faster and cheaper.

Industry insiders suggest a massive wave of adoption is building, with potentially 80% of Japanese banks considering XRP integration. This could dramatically boost both trading activity and market liquidity as banks tap into XRP for international transfers.

The ripple effect could spread beyond Japan’s borders – if other Asian financial hubs follow suit, we might see unprecedented demand for XRP. Market analyst Farshad Rouhani has set an ambitious target, suggesting XRP could break $10 in early 2025 as Japanese banks roll out XRP-based payment systems.

PlutoChain’s Hybrid Layer-2 Solution Could Transform Bitcoin’s Ecosystem

Bitcoin continues to face challenges with its core infrastructure – users often encounter lengthy transaction times, high fees, and network bottlenecks that could limit its mainstream adoption. These scaling issues might become even more pressing as usage grows.

PlutoChain ($PLUTO) could offer a solution through its hybrid Layer-2 architecture that potentially works in parallel with Bitcoin’s main chain. By redirecting transaction traffic to its network, PlutoChain might significantly reduce fees and ease congestion, while potentially solving Bitcoin’s long-standing scalability challenges.

The speed difference could be transformative. While Bitcoin typically requires 10 minutes to process blocks, trailing behind networks like Ethereum and Solana, PlutoChain’s Layer-2 solution might achieve block times of approximately 2 seconds. This improvement could enable faster smart contract execution while maintaining the robust security guarantees of Bitcoin’s network.

A key feature of PlutoChain is its Ethereum Virtual Machine (EVM) compatibility. This feature could create a bridge between Bitcoin and the vast ecosystem of Ethereum-based applications.

Projects focused on decentralized finance, NFT marketplaces, and emerging AI applications might soon flourish within Bitcoin’s ecosystem, potentially breathing new life into the network.

Early performance indicators appear promising – testnet results show PlutoChain could process up to 43,200 transactions per day without experiencing slowdowns, suggesting robust scalability potential.

Security is important in PlutoChain’s development approach. The project has undergone comprehensive audits from respected firms including SolidProof, QuillAudits, and Assure DeFi. Regular stress testing could help ensure the network maintains reliability even under heavy load conditions.

Community governance stands as another cornerstone of the project. Through its decentralized governance model, PlutoChain could empower users to actively participate in the network’s evolution.

Community members might propose changes and vote on crucial protocol decisions, potentially creating a more democratic and user-driven development process.

The Bottom Line

XRP’s momentum in Japanese banking could drive major price movements, while PlutoChain could gain traction as a potential upgrade in the Bitcoin ecosystem.

By tackling Bitcoin’s core challenges with its hybrid Layer-2 solution, this project might revolutionize how we use the world’s largest digital asset – potentially offering faster transactions and lower fees while maintaining Bitcoin’s legendary security.

——-

The information in this article does not represent financial or investment advice. Always research carefully before participating in the crypto market. Risks are inherent in forward-looking statements, which may not be revised.

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.

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23 02, 2025

Solana (SOL) Price Prediction for February 22

By |2025-02-23T00:59:04+02:00February 23, 2025|Crypto News, News|0 Comments

The market is mostly falling today, according to CoinStats.

Top coins by CoinStats

SOL/USD

The rate of Solana (SOL) has declined by 2% over the last day.

Article image
Image by TradingView

On the hourly chart, the price of SOL might have set a local resistance level of $174.14. If the daily bar closes far from that mark, traders may see a drop to the $170 zone by tomorrow.

Article image
Image by TradingView

On the bigger time frame, bulls are trying to seize the initiative after yesterday’s bearish closure. If the rate of SOL returns to $180 and fix above it, the upward move is likely to continue to the $185-$190 range within the next few days.

Article image
Image by TradingView

From the midterm point of view, the situation is less bullish. In this case, one should focus on the weekly bar closure.

Related

SHIB Price Prediction for February 21

If it happens near the support of $157.82, there is a possibility of a more profound correction to the $120-$140 area.

SOL is trading at $173.44 at press time.

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22 02, 2025

Binance Coin (BNB) Price Prediction for February 22

By |2025-02-22T22:57:08+02:00February 22, 2025|Crypto News, News|0 Comments

The market growth has not lasted long, and most of the coins are back to the green zone, according to CoinStats.

BNB chart by CoinStats

BNB/USD

The rate of Binance Coin (BNB) has dropped by 0.87% over the last day.

Article image
Image by TradingView

Despite today’s fall, the price of BNB is near the local resistance of $659.97. If the daily bar closes around that mark or above, the growth is likely to continue to the $665 zone.

Article image
Image by TradingView

On the bigger time frame, the rate of the native exchange coin keeps accumulating energy for a further move. As neither buyers nor sellers are dominating, ongoing sideways trading around the current price is the more likely scenario.

Article image
Image by TradingView

From the midterm point of view, the picture is also neutral. The price is within the previous weekly bar, confirming the absence of buyers’ or sellers’ energy.

Related

Toncoin (TON) Price Prediction for February 21

All in all, any sharp moves are unlikely to happen by the end of the week.

Binance Coin is trading at $656.96 at press time.

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22 02, 2025

BTC, ETH and XRP Price Prediction for February 22 — TradingView News

By |2025-02-22T20:56:08+02:00February 22, 2025|Crypto News, News|0 Comments

Bears have turned out to be more powerful than bulls at the beginning of the weekend, according to CoinMarketCap.CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has declined by almost 2% over the last day.TradingView”>

On the daily chart, the rate of BTC is more bearish than bullish. The price is far from important levels, which means any sharp moves are unlikely to happen soon.

If buyers want to seize the initiative, they need to return above the vital area of $100,000.

Bitcoin is trading at $96,497 at press time.

ETHUSD

Ethereum ETHUSD has followed the drop of Bitcoin BTCUSD, going down by 1.98%.TradingView”>

From the technical point of view, the rate of ETH keeps trading sideways, accumulating energy for a further move. As neither side has seized the initiative yet, consolidation around the current prices is the more likely scenario.

Ethereum is trading at $2,733 at press time.

XRPUSD

XRP has lost the most value today, going down by 2.76%.TradingView”>

On the daily chart, there are no reversal signals yet. If the rate breaks the interim level of $2.50, the accumulated energy might be enough for a test of the $2.40 area shortly.

XRP is trading at $2.5873 at press time.

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22 02, 2025

Here’s Dogecoin Price If DOGE Captures 50% of the Global Crypto Market Cap

By |2025-02-22T18:55:25+02:00February 22, 2025|Crypto News, News|0 Comments

The price of Dogecoin could soar to double-digits if DOGE eventually captures half of the global crypto market cap. 

Dogecoin (DOGE) is still making moves to recover from the recent market downturn. Data from CoinMarketCap indicates that the price of Dogecoin has soared 6.51% over the past 24 hours and 13.39% in the past seven days. 

At the time of writing, DOGE is trading at $0.2423, with a daily volume of $2.56 billion. Currently, Dogecoin has a valuation of $35.26 billion, making it the eighth-biggest cryptocurrency by market cap. 

Despite being a meme coin, Dogecoin still ranks ahead of several utility tokens, including Cardano (ADA), Tron (TRX), and Chainlink (LINK). 

Following this latest rally, Dogecoin enthusiasts are speculating on its price if it were to capture 50% of the global crypto market cap. This scenario has sparked a mixed reaction of curiosity and excitement within the Dogecoin community. 

As a result, we estimated Dogecoin’s price if it eventually clinches half of the global crypto market capitalization. 

Dogecoin Price If It Captures 50% of Global Crypto Market Cap 

At the time of writing, the global crypto market cap stands at $3.25 trillion. Dogecoin’s valuation of $35.26 billion accounts for 1.26% of the global crypto market cap. 

Therefore, capturing half of the global crypto market cap will push DOGE’s valuation to approximately $1.63 trillion, surpassing Ethereum’s current value. This represents a surge of 3,850% from the current Dogecoin market cap, which currently stands at $35.26 billion. 

If Dogecoin eventually achieves a market cap of $1.63 trillion, its price could spike to $11, assuming its circulating supply remains stable at 148.05 billion tokens. 

The significance of this surge cannot be overemphasized. A portfolio of 100,000 DOGE valued at $27,850 will be worth $1.1 million if Dogecoin clinches 50% of the global crypto market cap and hits a price target of $11. 

DOGE to $11 Predictions 

Notably, several market observers believe Dogecoin is capable of reaching the $11 price mark in its lifetime. 

In November, pseudonymous crypto chartist Trader Tardigrade referenced Dogecoin’s performance within the Gaussian channel to predict a surge to the $11 price territory. At the time, Tardigrade suggested that DOGE will only achieve this feat if it replicates its performance in the 2020/2021 market cycle. 

Additionally, crypto experts at Changelly also believe Dogecoin could clinch the $11 target. According to the experts, Dogecoin will soar to around $11 in January 2040, nearly 15 years from now. 

By this time, they expect Dogecoin to trade at an average price of $11.56, with DOGE’s minimum and maximum targets set at $10.80 and $13.74, respectively. 

Here’s Dogecoin Price If DOGE Captures 50% of the Global Crypto Market Cap
Changelly Price prediction for Dogecoin

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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22 02, 2025

XRP Price Prediction 2025 – Is a 100x Surge on the Horizon? – DL News

By |2025-02-22T16:54:17+02:00February 22, 2025|Crypto News, News|0 Comments

Disclaimer: The following is paid partner content. DL News and DL Research have not conducted independent analysis into the content of this article.

Everyone’s talking about XRP price prediction 2025, and for good reason.

XRP has had its fair share of price movements, legal drama, and wild swings in the crypto market, but could it actually explode in 2025?

Some analysts think a major price jump, while others remain skeptical.

But here’s the thing – waiting for a miracle can be risky. That’s why I got into Dawgz AI, where my staking rewards are already stacking up.

“Best decision I made,” says Harry, my crypto buddy who’s been cashing in on Dawgz AI for months!

XRP’s Price History – What’s the Hype About?

XRP has had its ups and downs in the crypto market, and if you’ve been around long enough, you know its price shifts can be wild.

But what does XRP’s history really tell us? Let’s break it down:

  • Launched in 2012: XRP hit the market with big promises and a unique purpose.
  • First major pump in 2017: XRP’s price jump took it close to $3, fueled by insane hype.
  • Legal battles hit hard: The SEC lawsuit in 2020 sent the XRP price crashing.
  • Slow recovery, but no moon: XRP struggled while other coins took off.
  • Current XRP sentiment: Some believe in its massive growth, while others say it’s just stuck.

Ripple Price Prediction – What Experts Are Saying

People love to make long-term predictions about XRP, but let’s be honest – trends don’t always follow expectations.

Some analysts say a positive trajectory, while others say XRP’s time has passed. So, what’s the reality?

Can XRP’s Price Surge?

Looking at XRP’s price action, many believe a price jump is possible if the market conditions improve.

If Ripple wins its legal battles and adoption increases, the current XRP price could see significant growth.

Some experts point to a price prediction of around $5, but others remain cautious. The expected price depends on analysis and trading, which has been unpredictable.

Is XRP Worth It Compared to Dawgz AI?

Let’s get real – while XRP holders are waiting for a miracle, Dawgz AI is already printing gains. With cap growing and staking rewards delivering passive income, Dawgz AI is built for action.

Meanwhile, XRP investors are stuck watching a chart, hoping for change. Why wait on Ripple’s future when Dawgz AI is crushing it right now?

Smart money moves where profits are, and that’s Dawgz AI.

Dawgz AI – The Meme Coin That’s Actually Making Money

The Meme Coin That’s Actually Making Money.

Forget waiting on Ripple’s future – Dawgz AI is already delivering.

While XRP holders stare at charts, hoping for a positive trajectory, Dawgz AI is running high-frequency trading bots and paying out staking rewards.

This isn’t just another meme coin – it’s a profit machine.

Real Gains, Not Just Hype

Unlike XRP, which relies on trends and legal rulings, Dawgz AI is built for predicting movements and delivering real returns.

The current price keeps climbing as more investors realize that passive income beats speculation.

With further analysis pointing to continued significant growth, it’s clear where the smart money is going.

Dawgz AI isn’t waiting for a lucky break – it’s built to perform no matter what happens in the crypto market.

The trading continues to rise, proving demand is strong. Meanwhile, XRP investors are still debating its expected price, waiting on something big that may never come.

  • Automated bots trade 24/7 to maximize profits.
  • Staking pays ETH buyers with solid APY rates.
  • Strong tokenomics make Dawgz AI a real investment, not just hype.

Better Than Just Holding & Buying XRP

XRP holders rely on predictions and hope for an upward trajectory. Meanwhile, Dawgz AI’s ecosystem is built to keep growing regardless of market conditions.

Instead of staring at XRP’s price, Dawgz AI investors enjoy real-time gains. The difference is simple – XRP is a waiting game, while Dawgz AI is actively working for you.

With an increasing cap, more buyers jumping in, and a system that rewards participation, it’s clear who’s really winning.

The XRP price prediction might stay uncertain, but Dawgz AI investors don’t need to guess – they see results daily.

  • Market cap is growing, showing strong demand.
  • Passive income beats price speculation every time.
  • More XRP investors are switching to Dawgz AI for better returns.

XRP Price Prediction – Is a $10 Target Realistic?

Why Dawgz AI?

Some XRP price predictions throw around wild numbers, with some saying it could hit $10 or more. But is this actually possible, or just wishful thinking?

Let’s break it down.

  • XRP price: Still far from its all-time high, hovering around the lower range.
  • Market trends matter: A positive trend could help, but XRP still faces competition.
  • Regulations & legal battles: XRP’s price shifts depend on how things play out.
  • Technical analysis: Some see a potential upward trend, but others aren’t convinced.
  • Market conditions: Crypto is unpredictable, and XRP’s average price has remained stuck for a while.

Conclusion

So, is XRP’s future as bright as some believe?

The XRP price prediction suggests massive growth is possible, but it depends on conditions in the market and regulatory wins.

While XRP holders hope for a price jump, the reality is that predictions are uncertain.

Instead of waiting on XRP’s price, smart investors are choosing Dawgz AI, where analysis and trends actually work in their favor.

With predicted price movements built into its system and a cap that keeps rising, Dawgz AI is the real play for those who want consistent crypto gains.

Frequently Asked Questions

What will XRP be worth in 2030?

Predicting Ripple’s future is tricky, but many of the predictions suggest moderate growth rather than explosive gains.

If adoption increases and conditions in the market remain favorable, some analysts predict an average price of $10–$20.

However, without a massive price jump or game-changing partnerships, it’s unlikely to see exponential returns.

Instead of waiting years for uncertain price shifts, investors are looking at Dawgz AI, where profits come from high-frequency trading and staking rewards.

Can XRP reach $1000?

Let’s be honest – no price chart or technical analysis suggests XRP will hit $1000.

With its current price and cap, such a leap would require trillions in new investment, which is unrealistic.

Even if XRP sees a positive trend, it’s nowhere near huge growth levels that could push it that high.

Meanwhile, Dawgz AI is delivering real gains right now – no far-fetched dreams, just solid returns.

Will XRP ever reach $20?

A price prediction of $20 is highly optimistic.

While XRP has had past price jumps, reaching that level would require a major upward trajectory and massive trading volume.

Even if the XRP price doubles, it’s still far from this target.

Instead of waiting on an XRP price prediction that may never happen, investors are choosing Dawgz AI, where gains don’t rely on hype – they’re built into the system.

How much will XRP be worth in 2050?

Looking 25 years ahead is impossible, but some market trends suggest XRP could slowly climb if blockchain adoption increases.

Even the most aggressive price prediction doesn’t see XRP breaking past $50 unless drastic changes happen in the market.

The actual XRP sentiment is mixed, and with so many unknowns, betting on XRP for 2050 is pure speculation.

Meanwhile, Dawgz AI is proving itself now – why wait decades when you can profit today?

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22 02, 2025

Solana Price Prediction: SOL Surge To $500 Still Possible, While RTX Could See 5000% Gains

By |2025-02-22T14:52:53+02:00February 22, 2025|Crypto News, News|0 Comments

The Solana price prediction has been on a rollercoaster lately, with some analysts predicting it could hit $500 in the near future. Analysts’ positive Solana Price prediction is mostly due to its low fees and blazing-fast transactions that attract developers in great numbers. From gaming to DeFi, the network supports a spectrum of initiatives and attracts trend-seeking traders like magnets.

As Solana (SOL) wins from meme-like tokens exploding across social media, many experts question whether a practical currency like Remittix (RTX) can eclipse these hype-driven Solana Price predictions even as optimism is building.

Solana Price Prediction: Solana Eyes The $500 Price Level

Solana (SOL) has had significant swings recently; over the past month, it posted a 31% net loss. With a 1% increase overnight, the previous 24 hours have especially shown promise.

Some experts think Solana (SOL) may experience another jump as it hinted at the $300 level in January following a spectacular gain since it has witnessed stabilization.

According to the Solana price prediction from DigitalCoinPrice, by the end of 2025 Solana may potentially soar to $531.91.

Apart from pricing swings, Solana has also been under focus throughout the last several days. This happened when the BNB Chain at last exceeded Solana in daily fees, producing almost $5.8 million against Solana’s $3.3 million. This is the first time since October 2024 a blockchain other than Ethereum or Solana has dominated in daily fees.

Solana Price Prediction: SOL Surge To 0 Still Possible, While RTX Could See 5000% Gains

Although Solana Price prediction still has great technical capacity, analysts believe that the growing competitiveness and recent changes in network activity might provide difficulties even in this regard.

Why Remittix Could See 5,000% Gains This Year

Unlike several meme currencies, RTX aims to solve a major problem: too expensive wire expenses. Analyzes think that strong alliances created by cryptocurrency might replace coins driven by emotion. Hunter of viral currencies, Big Solana (SOL) holders might be interested in the altcoin’s pragmatic aspects.

With over $12.6 million raised and the price almost at $0.0645, many expect a torrent of fresh money streaming into Remittix (RTX). Some analysts argue that cryptocurrency having practical value—like Remittix (RTX)—have a more consistent increase than meme-based or totally tech-driven tokens.

Though no currency is expected to soar overnight, PayFi tokens may pass more speculative competitors with a combination of pragmatic application and strong proponents.

Their large choice of options supports over 50 crypto pairings and 30+ FIAT currencies, therefore facilitating international commerce. Between crypto and FIAT, both crypto-exclusive systems like Coinbase Wallet and Remittix provide accessibility and inclusivity for companies and consumers; Remittix is the superior option to conventional payment providers like Stripe and Wise.

Notable also is the platform’s open flat-fee strategy, which provides savings and transparency over absurd rates of exchange of traditional banks. Remittix is groundbreaking in the payments sector as it ensures that the whole amount sent reaches the receiver, therefore tackling unethical behavior all too frequently.

BUY $RTX Now To Make Life-Changing Gains

Given a pre-sale price of $0.0628, the RTX currency has great investment value. Forecasts suggest an interesting surge; demand for inventive cross-border payment solutions is producing a 25x multiplier in the presale phase and over 1,500% increases following launch.

 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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22 02, 2025

Cardano (ADA) Price Prediction for February 22

By |2025-02-22T12:52:13+02:00February 22, 2025|Crypto News, News|0 Comments

Cardano (ADA) has remained resilient amid the ongoing volatility in the cryptocurrency market. Currently trading around the $0.77 mark, ADA has dropped 3.25% over the last 24 hours, but it continues to hold above the important $0.74 support level. This level has become a pivotal point for Cardano’s price action, with traders and investors closely monitoring it to gauge whether the cryptocurrency will surge or face further declines.

Despite recent price dips, ADA has managed to retain stability above $0.74, a key support level that could dictate its next major move. The current price movement shows a potential for a breakout, but the outcome will heavily depend on how ADA reacts to this critical support zone. If ADA successfully holds above $0.74, it might experience a short-term bullish rally, pushing the price up toward $0.85, which is the next resistance level. This would represent an approximate 10% increase from its current level, making $0.85 a key target for bullish traders.

In the longer term, if ADA continues its upward momentum, the cryptocurrency could even reach $1.01, reflecting a 20% increase. This potential price surge would be supported by positive market sentiment and an increase in buying pressure, both of which would be critical to sustaining the upward move. With such a pattern forming on ADA’s four-hour chart, the outlook could mirror that of similar bullish movements in other cryptocurrencies, such as XRP, which has displayed comparable price patterns.

However, there is a risk that ADA could fall below the $0.74 level, which would indicate a bearish trend. If the cryptocurrency fails to maintain support at $0.74 and drops below this level, it may trigger a further decline toward the next support zone, around $0.65. This would represent a 10% drop from its current value, and if ADA continues to lose momentum, it could even see further price deterioration. In this bearish scenario, investors will be watching closely to see if the $0.65 level holds up as a strong support area.

From a technical perspective, ADA has been forming an ascending triangle pattern on its four-hour chart, which suggests that the cryptocurrency may be preparing for a breakout. This pattern typically indicates consolidation before a sharp price movement, either upward or downward. The market will need to determine if ADA can break above its current resistance or if it will face a deeper pullback. As a result, the $0.74 support zone is vital to watch in the near future, as it will likely determine whether ADA can continue its upward trajectory or face further downward pressure.

In addition to the price action, recent data shows an increase in trading activity around Cardano. In particular, there was a notable inflow of ADA tokens into exchanges, amounting to $1.45 million worth in the past 24 hours. This surge in inflows could signal a potential sell-off, especially given the bearish sentiment prevailing in the broader market. Traders may be capitalizing on this price weakness, adding to the selling pressure and contributing to the risk of a further decline in ADA’s value.

Ultimately, ADA’s next move will hinge on its ability to maintain the $0.74 support level. If the cryptocurrency can hold steady above this level, the bullish scenario of rising toward $0.85 and $1.01 could play out. However, if ADA breaks below $0.74, the bearish outlook will likely come into play, pushing the price down to $0.65 or lower. The outcome of this price action will be pivotal for ADA in the short term, and investors will need to stay alert to these key levels to navigate the market effectively.


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22 02, 2025

XRP Price Prediction For February 22

By |2025-02-22T08:50:30+02:00February 22, 2025|Crypto News, News|0 Comments

Ripple’s XRP is currently down by more than two percent and is trading slightly below the $2.60 level. The coin has erased all the gains made in the last seven days and is down by more than 8%. According to analysts, the immediate support zone might be used as a foundation for a rally if the price continues to hold strong.

There are two possible scenarios for XRP’s price movements: one where it could be nearing the end of a correction, or another where it might be starting a new phase of upward movement.

The First Scenario: A Correction Almost Done?

In this scenario, XRP might have completed its correction phase and is ready to begin moving higher. After a significant price drop on February 3, the market saw a rally and a subsequent pullback. If this correction has now finished, we could see XRP start moving upwards again, potentially pushing the price to new all-time highs.

If this scenario plays out, price could expect the price to rise towards $3.40, which was the previous high point. However, this scenario will be invalid if the price falls below the critical level of $2.47 or the support zone at $2.52.

The Second Scenario: A Deeper Pullback Ahead

In the second scenario, XRP might still be in the middle of a deeper correction, and the price could fall even further before resuming its upward trend. In this case, the price might find support at levels around $2.22, $2.10, or even $1.95.

If the price breaks below $2.52, this would confirm that the price is in the midst of a deeper pullback. If this happens, we could see the price target in the $2.26 to $2.31 range before any recovery begins.

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