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23 04, 2024

Surge in Million-Coin Wallets Hints a Rally to $0.7

By |2024-04-23T21:54:38+02:00April 23, 2024|Crypto News, News|0 Comments

XRP Price Prediction: Amid the post-halving recovery in Bitcoin, a majority of major altcoins including XRP witnessed a notable upswing since last Friday. The renewed buying pressure uplifted the XRP coin from $0.46 to $0.54, registering a 17.34% jump. This bullish trend is further underscored by the increased number of wallets accumulating substantial quantities of XRP. Is the correction trend on this asset over?

Also Read: XRP Whales Move 70 Mln Coin Amid Ripple’s Response To SEC, What’s Next?

XRP Gains Momentum Amid Wallets Surge and Bitcoin Halving Fuels Optimism

XRP Price Analysis| Tradingview

The near-term trend in XRP price is bearish evidenced by the downsloping resistance trendline in the daily chart. This dynamic resistance assisted sellers in a correction from $0.744 to $0.41 low, registering a 43.7% loss.

However, with Bitcoin Halving last week, the XRP price managed to hold above $0.466 and rebound sharply along with the BTC price to $37k.

XRP is currently trading at $0.54, maintaining its stance as the seventh-largest cryptocurrency by market capitalization, which stands at $30.11 billion, according to data from CoinMarketCap.

According to analytics firm Santiment, the recent surge correlates with the growing number of XRP wallets holding over 1 million coins, which has been on the rise for the past six weeks, marking a 3.1% increase. 

As of April 22, 2024, the count of such wallets reached 2,013, just one wallet shy of setting a new all-time high. This metric is an essential indicator of substantial holding interest amongst investors and could be a precursor to future price movements for XRP.

However, for buyers to regain control over this asset they must breach the aforementioned trendline. A successful breakout would accelerate the bullish momentum and bolster buyers to retest $0.7 high.

Also Read: Ripple v SEC News: Lawyers Reveal Appeal, Settlement, Fine Aspects in XRP Lawsuit

Technical Indicator:

  • Exponential Moving Average: The daily EMAs(20, 50, 100, and 200) accumulated at $0.57 create a strong resistance zone for XRP
  • Relative Strength Index: The daily RSI slope rebounded from the oversold region to a neutral area— 50% indicates improving market sentiment.

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23 04, 2024

Solana (SOL) Price Prediction for April 23

By |2024-04-23T19:53:58+02:00April 23, 2024|Crypto News, News|0 Comments


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Bulls are trying to hold the gained initiative, according to CoinStats.

SOL chart by CoinStats

SOL/USD

The price of Solana (SOL) has risen by 2.08% since yesterday.

Image by TradingView
On the hourly chart, the rate of SOL is on its way to testing the local resistance level of $159.33. If the bar closes near it, the accumulated energy might be enough for a breakout, followed by a move to the $160 zone and above.

Image by TradingView
On the bigger time frame, traders should focus on the daily bar closure in terms of the $156 level. If it happens above it and with no long wick, the upward move is likely to continue to the $160-$165 area. 

Such a scenario is relevant until the end of the week.

Image by TradingView
From the midterm point of view, it is too early to make any far predictions as only a few days remain until the candle closes. However, if it happens above the previous bar peak ($156), buyers may seize the initiative, which can lead to a test of the $170 range.

SOL is trading at  $157.24 at press time.

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23 04, 2024

Binance Coin (BNB) Price Prediction for April 23 — TradingView News

By |2024-04-23T17:52:46+02:00April 23, 2024|Crypto News, News|0 Comments

The cryptocurrency market is slightly rising, according to CoinMarketCap.Top coins by CoinMarketCap

BNBUSD

The rate of Binance Coin BNB has increased by 2% over the last 24 hours.Image by TradingView

The price of BNB is in the middle of a wide channel, between the support of $599.6 and the resistance of $618.3. From the technical point of view, there are low chances to expect any sharp moves until the end of the day as most of the daily ATR has been passed. 

 Image by TradingView

On the bigger time frame, neither bulls nor bears are dominating as the rate is far from the key levels. Such a statement is also assumed by the falling volume. 

In this case, sideways trading in the zone of $600-$620 is the more likely scenario for the next few days.Image by TradingView

On the weekly chart, one should pay attention to the vital zone of $600. If the candle closes above it, traders may expect a test of the resistance level of $645.2 by the end of the week.

BNB is trading at $607.6 at press time.

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23 04, 2024

Bitcoin At 66K, ETH Drops, Pendle, XRP & SOL Rally

By |2024-04-23T07:42:18+02:00April 23, 2024|Crypto News, News|0 Comments

The top crypto prices today registered a mixed action as the Bitcoin (BTC) price surged past the $66,000 level. In contrast, the Ethereum (ETH) price declined and distanced from the $3,200 mark. Moreover, other top altcoins, such as XRP, and Solana (SOL) rebounded notably while Cardano (ADA) dipped slightly.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price was up by 0.62% reaching $66,301.95 at the time of writing on Tuesday, April 23. On the other hand, it’s trading volume rose 9.66% to $25.60 billion in the last 24 hours. Whilst, the crypto held a market capitalization of $1.30 trillion.

2. Ethereum Price

The Ethereum price dropped 0.80% to $3,179.06 at press time with a market valuation of $380.23 billion. Whilst, ETH saw its trading volume gain 8.91%, reaching $11 billion.

3. Solana Price

The Solana price sustained above the $150 mark today. The Solana price surged by 2.45%, settling at $154.92. In  addition, SOL witnessed a 17.49% hike in trade volume to $2.78 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price extended above the $0.54 mark. The XRP price recorded a hike of 2%, reaching $0.5482. On the other hand, XRP’s trading volume skyrocketed 61.38% to $1.62 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price dipped 0.27% to $0.5097 today. Whilst, ADA recorded a gain of 8.87% in its 24-hour trading volume, settling at $383.75 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price slipped 2% to $0.158 while its rival, Shiba Inu price dropped by 3.19% and traded at $0.00002642.

Also Read: Bitwise CEO Dissects IMF Bitcoin Flow Report; Here is What to Know

Top Crypto Gainers Today

  • Pendle (PENDLE): The Pendle crypto surged 9.78% and traded at $6.50.
  • Gnosis (GNO): GNO gained 7.53% to $392.64.
  • Stacks (STX): Stacks rallied 6.85% and was valued at $3.06.
  • Immutable (IMX): The IMX crypto price rose 6.79% to $2.39.

Top Crypto Losers Today

  • Ethena (ENA): The ENA price tumbled 7.35% to $0.9987.
  • Ondo (ONDO): Ondo plunged 6.84% to $0.786.
  • Toncoin (TON): Toncoin witnessed a dip of 6.76% to $5.76.
  • Dogwifhat (WIF): The WIF crypto slumped 6.31% to $2.80.

Also Read: XRP Price Prediction: Is $1 Imminent as Market Recovers, SEC Hurdles Remain

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23 04, 2024

Solana Price Prediction For May: How Close Is SOL To $300?

By |2024-04-23T05:41:50+02:00April 23, 2024|Crypto News, News|0 Comments

Solana has projected a stellar price run this bull season. The token breached a new price milestone of $200 in March before slipping back to trade at $151. With Bitcoin Halving done and over, the price of SOL is expected to surge further, helping Solana and the rest of the altcoin market stabilize their price thresholds. 

Also Read: How High Will Solana SOL Peak Post-Bitcoin Halving?

Solana: How High Can Solana Rise in May?

Solana Price Prediction For May: How Close Is SOL To 0?
Source – ByteTree

With the Bitcoin Halving event now over, the price of SOL is expected to surge and note a significant uptick. According to CoinCodex, a leading crypto analytics platform, the month of May can be dubbed a significant period for SOL as its price may peak to breach $169. 

“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.75% and reach $169.27 by May 22, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 73 (greed). Solana recorded 17/30 (57%) green days with 11.80% price volatility over the last 30 days.”

Similarly, another crypto analytics platform, Changelly, predicts that SOL will reach $168 by the end of May 2024. 

“Cryptocurrency experts are ready to announce their forecast for the SOL price in May 2024. The minimum trading cost might be $141.34, while the maximum might reach $168.63 during this month. On average, it is expected that the value of Solana might be around $154.99.”

By the end of 2024, Solana may end up catapulting to gain considerable price momentum. Per Solanafloor, SOL is constantly working on expanding its ecosystem. The network has recorded the highest daily active addresses in the last two months. 

According to CoinCodex, if SOL continues to follow its current progressive pace, it could soon breach a new milestone of $358 by the end of 2024. 

Also Read: Cryptocurrency: 3 Coins To Buy Now As Bitcoin Reclaims $65,000

“Solana is forecast to trade within a range of $145.50 and $358.90. If it reaches the upper price target, SOL could increase by 137.29% and reach $358.90.”

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23 04, 2024

XRP Price Prediction as $1 Billion Trading Volume Comes In

By |2024-04-23T03:33:40+02:00April 23, 2024|Crypto News, News|0 Comments

Last updated:

| 3 min read

XRP Price Prediction as  Billion Trading Volume Comes In

XRP Price Prediction as $1 Billion Trading Volume Comes In – Is XRP Making a Comeback?
The XRP (XRP) price is trying to make a comeback as more than $1 billion in 24-hour trading volumes flood in. Near-term price predictions could become much more bullish if the crypto can push to the north of its 21DMA and a key long-term uptrend.

24-hour trading volumes were last at $1.32 billion, the highest in three days.

XRP was last trading just under $0.55 and eyeing a test of its 21DMA at $0.5530. If it can break above this level, a retest of 2023 into 2024 uptrend in the $0.57 area.

Around this area, many XRP bears will potentially be looking to add to short positions. After all, XRP’s break below its long-term uptrend was a very bearish sign.

That could mean elevated sell pressure and any recovery back toward $0.57 could be short-lived.

Any recovery in the XRP price back towards $0.57 could be short-lived. Source: TradingView
Any recovery in the XRP price back towards $0.57 could be short-lived. Source: TradingView

But if XRP can rally back above this long-term uptrend, that would suggest the latest dip was a fake-out.

A rally toward the late 2023 and early 2024 double top around $0.75 would be on the cards.

Given that the broader cryptocurrency market could be shaping up for a rally post-halving, the possibility of XRP upside shouldn’t be dismissed.

Macro headwinds appear to have abated before the release of US Core PCE inflation on Friday. And Bitcoin (BTC) is looking perky after the halving, having pushed back above $66,000.

XRP Price Prediction – Is XRP Making a Comeback?


XRP bulls will be hoping that the latest XRP price upside marks the start of a comeback for the cryptocurrency.

Indeed, XRP has been sluggish in recent months. While Bitcoin and Ether (ETH) went up 56% and 40% in the past 90 days, XRP dropped 12% in the same timeframe.

Some potential fundamental tailwinds could soon come in to help XRP close this gap.

Firstly, Ripple recently announced plans to launch its own USD stablecoin. The hype surrounding this stablecoin could help pump optimism in XRP.

Secondly, the SEC vs Ripple lawsuit could soon come to a close. The SEC has asked for a $2 billion fine for the company that they claimed issued XRP as a security. That should ease concerns about XRP’s regulatory outlook in the US.

XRP’s underperformance in recent months versus other major cryptocurrencies suggests it could be trading at a cheap valuation.

The ratio between the XRP price and BTC could keep falling towards zero. Source: TradingView

Indeed, the XRP price could easily double back towards $1.0 this bull market. That would take its market cap from around $30 billion to nearly $60 billion.

XRP investors should be cautious, however. XRP’s lack of innovative use cases beyond Ripple’s business operations and lack of decentralization suggests it may struggle to keep pace with Bitcoin, Ethereum, and Solana in the long run.

The XRP/BTC exchange rate could soon break below its 2021 lows and continue falling to zero.

XRP Alternative to Consider – Megadice


Crypto investors looking for investments with greater upside potential should look into presale investing.

Web3 projects and protocols often sell their native tokens at an early bird discount to raise funds for development.

If they can find a good project that gains traction in the market, presale investors can book gains of as much as 10x or more.

One such project that analysts at Cryptonews are a big fan of is Mega Dice Casino.

This already well-established crypto casino has launched a presale of its utility token DICE.

DICE holders get big cashback benefits on their wagers and can also generate passive income via DICE staking.

The crypto casino is also running a series of exciting airdrops to reward early presale investors.

The project is already close to having raised $500,000. And potential investors better move quickly, as when the $1 million milestone is hit, the DICE price will rise.

Check Out Mega Dice Casino’s Presale

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.



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23 04, 2024

Historical Patterns Indicate Dogecoin Price May Target $1 in Upcoming Weeks

By |2024-04-23T01:32:15+02:00April 23, 2024|Crypto News, News|0 Comments

Dogecoin Price Analysis: DOGE, the largest meme cryptocurrency by market cap recently rebounded from the 50% retracement level at $0.14, following the completion of the fourth Bitcoin halving. On Monday, the BTC price reclaimed $65000 support triggering a relief recovery in the broader market. Will the post-halving rally bolster the Dogecoin price to surpass the $0.2 barrier?

Also Read: Sagemate Predicts Toncoin to $15, Tami Crypto Bullish on Dogecoin, As KangaMoon Maintains Its Impressive Price Rally

Will DOGE Price Reversal Surpass $0.2?

Dogecoin Price| Tradingview

In the week of the fourth Bitcoin Halving, the Dogecoin price bottomed its current correction trend at the confluence of 50% Fibonacci retracement level and $0.14 support. The renewed demand pressure has uplifted the DOGE price by 12.2% within five days to currently trade at $0.158.

If the buying momentum persists, the DOGE price is poised for another 10% surge and challenges the downsloping trendline which led to the current correction trend. A successful breakout above this barrier will signal an end-of-correction trend and bolster buyers for higher rallies.

A post-breakout rally could chase a potential target of $0.2, followed by $0.22.

Also Read: Analysts Back Dogecoin to $1 With Traders Also Bullish On New Dogeverse Meme Coin

Analyst Highlights Key Technical Pattern for Dogecoin’s Bullish Outlook

Renowned crypto trader Alicharts has shared an intriguing chart pattern for Dogecoin, hinting at its potential trajectory. According to the analysis, Dogecoin has recently broken out of a descending triangle formation, a technical indicator that traders often interpret as a bullish sign.

Based on historical trends, the DOGE price has exhibited this pattern on two previous occasions, each preceding significant bull runs. If these patterns continue to be reliable indicators, Dogecoin might be poised for an aggressive ascent toward the $1 threshold in the forthcoming weeks.

Technical Indicator

  • Exponential Moving Average: The DOGE price rebounded from the 100-day EMA slope, indicating the border on this asset remains bullish.
  • Relative Strength Index: The daily RSI slope reverted to a neutral zone reflecting a positive shift in market sentiment. 

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22 04, 2024

Could SOL Hit $200 By The End of April?

By |2024-04-22T23:31:32+02:00April 22, 2024|Crypto News, News|0 Comments

Solana price forecast: SOL has recently witnessed a remarkable upturn in its price, surpassing the notable $150 resistance mark. This achievement signals a potential for continued market optimism. Recently, The altcoin has climbed by more than 2% over the past 24 hours Solana price is trading at $153, showcasing a positive trend in its market performance.

Solana Price Forecast: Navigating Through $150 to Potential Heights

The cryptocurrency’s market capitalization now stands at $68 billion, indicating a growth of 2.60%. This uptick is accompanied by a significant increase in SOL’s trading volume, which has risen to $2.83 billion over the previous 24 hours. This marks an increase of over 12%, highlighting a rising interest and confidence among investors regarding Solana’s future potential.

Over the past week, SOL has registered a 4% uptick and a remarkable 606% surge over the last year, showcasing a strong upward trend. The trading span has fluctuated between $130 and $157 in the past week, indicating some instability yet a predominant growth pattern.

Solana price prediction

If the trading momentum propels Solana beyond the $180 resistance level, this might indicate a bullish revival, potentially driving the digital currency toward the $190 benchmark. If SOL maintains this trajectory, it could establish a foundation for an ascent to the $200 resistance point in the near future.

Conversely, a trend reversal could lead SOL to regress to the $150 support mark. Sellers’ persisting dominance might further depress the SOL price to a $130 support area, heralding a bearish market phase.

Investigative Report Uncovers Risks in SOL Meme Coin Ventures

Solana has witnessed a concerning trend within its ecosystem, as highlighted by the investigative efforts of crypto analyst ZachXBT. Utilizing platform X for outreach, ZachXBT brought to light a distressing pattern. In a mere month, a dozen meme coin ventures launched as presales on Solana have ceased operations. 

These ventures collectively managed to amass more than 180,650 SOL, translating to an approximate loss of $26.7 million for investors. This revelation underscores the volatility and risks associated with investing in such projects. ZachXBT’s findings serve as a crucial reminder of the precarious nature of meme coin investments on the Solana blockchain.

Technical Indicators and Market Outlook

The four-hour technical indicators for Solana show a dynamic market with recent price movements oscillating within a defined range. The Bollinger Bands are indicating moderate volatility in the price of Solana. The upper Bollinger Band is situated at $1556.69, representing a potential resistance level. 

Solana Price Forecast| Source: Tradingview

Conversely, the lower Bollinger Band, placed at $141, could serve as a support level where buying interest may intensify. The price is trading closely hugging the 20-period Simple Moving Average (SMA) line at $148.86. The Relative Strength Index (RSI) is at 62.05,  hinting at a slightly bullish momentum.

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22 04, 2024

Historical Patterns Indicate Dogecoin Price May Target $1 in Upcoming Weeks

By |2024-04-22T21:30:52+02:00April 22, 2024|Crypto News, News|0 Comments

Dogecoin Price Analysis: DOGE, the largest meme cryptocurrency by market cap recently rebounded from the 50% retracement level at $0.14, following the completion of the fourth Bitcoin halving. On Monday, the BTC price reclaimed $65000 support triggering a relief recovery in the broader market. Will the post-halving rally bolster the Dogecoin price to surpass the $0.2 barrier?

Also Read: Sagemate Predicts Toncoin to $15, Tami Crypto Bullish on Dogecoin, As KangaMoon Maintains Its Impressive Price Rally

Will DOGE Price Reversal Surpass $0.2?

CRYPTO:DOGEUSD Chart
Dogecoin Price| Tradingview

In the week of the fourth Bitcoin Halving, the Dogecoin price bottomed its current correction trend at the confluence of 50% Fibonacci retracement level and $0.14 support. The renewed demand pressure has uplifted the DOGE price by 12.2% within five days to currently trade at $0.158.

If the buying momentum persists, the DOGE price is poised for another 10% surge and challenges the downsloping trendline which led to the current correction trend. A successful breakout above this barrier will signal an end-of-correction trend and bolster buyers for higher rallies.

A post-breakout rally could chase a potential target of $0.2, followed by $0.22.

Also Read: Analysts Back Dogecoin to $1 With Traders Also Bullish On New Dogeverse Meme Coin

Analyst Highlights Key Technical Pattern for Dogecoin’s Bullish Outlook

Renowned crypto trader Alicharts has shared an intriguing chart pattern for Dogecoin, hinting at its potential trajectory. According to the analysis, Dogecoin has recently broken out of a descending triangle formation, a technical indicator that traders often interpret as a bullish sign.

Based on historical trends, the DOGE price has exhibited this pattern on two previous occasions, each preceding significant bull runs. If these patterns continue to be reliable indicators, Dogecoin might be poised for an aggressive ascent toward the $1 threshold in the forthcoming weeks.

Technical Indicator

  • Exponential Moving Average: The DOGE price rebounded from the 100-day EMA slope, indicating the border on this asset remains bullish.
  • Relative Strength Index: The daily RSI slope reverted to a neutral zone reflecting a positive shift in market sentiment. 

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Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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22 04, 2024

Is $1 Imminent as Market Recovers, SEC Hurdles Remain

By |2024-04-22T17:29:23+02:00April 22, 2024|Crypto News, News|0 Comments

XRP price prediction: XRP has seen a significant surge in value, marking a positive shift in momentum over the past 24 hours. Demonstrating resilience, XRP has rallied above the $0.53 level, recovering steadily from recent dips. Currently, the XRP price is trading at $0.5349, indicating an ascending trend.

XRP Price Prediction: Poised for Potential Growth

The XRP market capitalization has risen to $29.53 billion, securing the seventh rank in market size. Notably, the 24-hour trade volume soared by 18.07%, reaching just over $1.12 billion and placing tenth in trade volume rankings. This upturn reflects investor confidence and a buoyant market trend. 

XRP price prediction

Over the past week, the price of XRP has seen a surge of more than 4%, indicating robust market interest. XRP has been trading in a range of $0.47-$0.54, showcasing a steady uptrend as investors continue to show confidence in its potential for high returns. The post-Bitcoin halving event previously led to a surge in many cryptocurrencies; most have recovered, including XRP, among others. 

Legal Landscape: Ripple vs. SEC Showdown Intensifies

The Ripple legal team is set to file a crucial opposition brief against the SEC today. The brief contests a staggering proposed fine of nearly $2 billion. This filing is in response to charges that Ripple conducted unregistered securities offerings via its XRP sales. 

The document, accompanied by evidential support, will initially be submitted in a sealed format, with a public redacted version expected to be released shortly thereafter.

In its defense, Ripple plans to leverage precedents from recent court rulings, such as the Aron Govil case, where the SEC was denied disgorgement on the grounds of non-evident investor harm. 

Ripple’s arguments are likely also to highlight inconsistencies in regulatory approaches, as evidenced by ongoing litigation like Coinbase’s public lawsuit against the SEC, which demands clearer crypto regulations. This legal skirmish could set significant precedents for the cryptocurrency industry at large.

If the $0.53 support level holds, market optimism could drive the price towards the $0.7 mark soon. A successful ascent past this resistance would set up XRP to potentially hit the $1 threshold in the ensuing weeks.

Conversely, if the trend reverses and downward pressure prevails, prices might retreat to the $0.5 and, if declines intensify, to the $0.45 support levels. Such movements would mark a substantial pullback, reflecting investor uncertainties amid regulatory challenges. 

The Relative Strength Index (RSI) is positioned at 62.89 on the 4-hour chart. This suggests that the cryptocurrency is neither overbought nor oversold, but it’s approaching the upper threshold of the typical range, indicating heightened buying pressure.

XRP Price Prediction| Source: Tradingview

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover. The MACD line (blue) has recently crossed above the signal line (orange), signifying potential bullish momentum in the near term.

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