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3 02, 2025

BitLab Academy Director Says XRP to $10,000 is Ridiculous: Here’s Why

By |2025-02-03T08:09:51+02:00February 3, 2025|Crypto News, News|0 Comments

Amid widespread speculations, BitLab Academy Director Kellam believes the XRP to $10,000 price predictions are ridiculous.

As XRP continues its bullish run following Donald Trump’s victory in the U.S. presidential election, ambitious price predictions have surfaced. 

Some analysts see XRP reaching staggering heights, with a few even expecting an ambitious $10,000 price. However, this prediction has been largely controversial, with multiple market commentators calling it unrealistic.  

Kelly Kellam Dismisses $10,000 XRP as Unrealistic  

BitLab Academy Director Kelly Kellam is one of the latest figures to criticize the idea of XRP reaching $10,000. He believes such projections are completely irrational. According to him, anyone convinced that XRP will hit this level would be better off donating their money to charity.  

Kellam emphasized that XRP will likely experience a strong uptrend in this cycle, but a valuation of $10,000 per token is out of the question. He pointed out that such a price would require an astronomical market capitalization of around $577 trillion, even before considering inflation. 

In his view, a price range between $6 and $10 is much more reasonable. Under extreme bullish conditions, he believes XRP could reach $20, and in the event of an overwhelming supercycle, it could push to $30. However, anything beyond that is highly improbable.  

In fact, Kellam is so skeptical of the $10,000 price prediction that he suggests blocking anyone who promotes such claims.

A Bold Prediction 

For context, Kellam’s remarks came in response to a post by Crypto Sensei, the founder of Cryptonairz and one of the individuals who believe an XRP to $10,000 prediction is feasible. 

In one of his latest disclosures, Sensei claimed that XRP is set to hit $10,000, backing his argument with a diagram showcasing Ripple’s numerous partnerships and projects. He implied that XRP’s widespread adoption would drive its value to such levels.

Other Analysts Express Doubt

However, his projection has faced intense opposition from Kellam and other market commentators, who found the claim unrealistic. A well-known crypto influencer, AltMom, noted she was optimistic about XRP but doubted its ability to reach $10,000. 

She asserted that for XRP to reach this level, it would need a trading volume of around $9.5 to $10 trillion. Meanwhile, according to her, even after accounting for all major markets, the total fluctuating volume currently stands at roughly $80 trillion.  

She also referenced BlackRock’s growing crypto fund, which has increased from $200 million to nearly $625 million since November. Even with bullish news from Trump, Grayscale, and China, the crypto influencer believes XRP hitting such an astronomical price is far-fetched. 

Instead, she predicts XRP will likely settle within the $8 to $13 range this cycle. If it fails to reach this level, she suggests that XRP holders may need to reconsider their expectations.  

In addition, Crypto Warehouse, another crypto influencer, highlighted a more conservative price target. He noted that since early 2023, he has maintained that XRP will likely reach between $5 and $7.

Now, given the current market conditions, Crypto Warehouse is confident that XRP will easily hit $5 and could trend toward $7 if bullish momentum continues. However, he does not believe XRP’s market cap can sustain much higher valuations. 

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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3 02, 2025

Find Out All Solana’s Latest News Here

By |2025-02-03T06:08:20+02:00February 3, 2025|Crypto News, News|0 Comments

The cryptocurrency community has taken notice of Solana because of its quick transfers and inexpensive fees. Another new initiative, Remittix, is gaining traction as Solana News keeps highlighting its expansion. This cutting-edge network has the potential to revolutionize international money transfers by utilizing Solana‘s blockchain to facilitate quicker and more economical transactions.

Solana’s Market Position and Technological Edge

Solana has gained recognition as a leading blockchain network, valued for its rapid transaction processing and minimal costs. Its unique Proof of History (PoH) consensus mechanism sets it apart from competitors, enabling it to process thousands of transactions per second. However, Solana’s price has often moved in response to developments in the market and from government policy.

Solana’s price is anticipated to increase as a significant volume of institutional money moves into the platform, in part due to the ongoing creation of decentralized apps (dApps) on its blockchain. However, as the demand for SOL tokens grows, Solana’s growing institutional interest portends robust future expansion.

The dApp, NFT, and DeFi ecosystems for Solana are expanding quickly. As more projects join the Solana network, the demand for SOL tokens rises, which directly affects Solana’s price. Continuous scalability improvements are a top priority for Solana, one of Ethereum’s main rivals. The network is working with platforms like Magic Eden, which is helping to expand NFTs and drive up the cost of Solana as it continues to gain popularity. Despite its benefits, Solana has several disadvantages, including network outages, which the development team is attempting to resolve to increase system stability.

Remittix: The Next Big Innovation in Blockchain Remittances

A new coin called Remittix is attracting attention due to its ability to upend the global remittance market. This coin eliminates traditional remittance services’ astronomical fees and protracted processing times by using Solana’s blockchain to deliver rapid, secure, and affordable cross-border transfers.

The decentralized structure of the network guarantees that users can transmit money across borders effectively and with increased security. The need for SOL tokens will probably increase as more people utilize Remittix to send money internationally, which will drive up the price of Solana. Scalability and efficiency are ensured by Remittix’s integration with Solana’s blockchain, which makes it a useful addition to the cryptocurrency market.

Remittix functions on a peer-to-peer network, drastically lowering transfer costs in contrast to typical remittance systems that depend on banks and third-party intermediaries. Businesses that regularly deal across borders and migrant workers especially benefit from this innovation. Decentralized alternatives like Remittix offer a good substitute for traditional financial institutions under growing regulatory scrutiny, guaranteeing smooth and transparent money transfers throughout the globe. This coin is in a strong position to lead the financial services industry as demand for blockchain-based solutions grows.

A strong synergy is created by the partnership between Remittix and Solana. As Remittix expands and gains more users, Solana’s blockchain will be essential to handle the large volume of transactions; this increased use of Solana’s network is anticipated to raise demand for SOL tokens, which will raise the price of Solana.

This new coin is a very promising project in the blockchain industry because of its creative approach to remittances, which could also lead to a wave of adoption in the crypto space, increasing awareness of Solana and possibly raising its price. Traders are placing bets on this synergy.

Remittix is well-positioned to benefit from the rising demand for reasonably priced and effective remittance services as the price of Solana keeps rising in tandem with the demand for SOL tokens. It is poised to transform the remittance sector with its cutting-edge blockchain-based solutions, offering consumers quicker, less expensive, and more secure transfers.

Conclusion

With expanding institutional investor interest and acceptance, Solana’s price appears to have a bright future. In the meantime, Remittix offers traders and investors a special chance since it wants to use Solana‘s blockchain to transform the remittance sector. High returns are still possible because both projects are expected to grow further.

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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3 02, 2025

XRP Price Prediction For February 3

By |2025-02-03T04:06:52+02:00February 3, 2025|Crypto News, News|0 Comments

Cryptocurrency markets are in the red today, with major coins including Bitcoin, experiencing price declines. XRP has been hit the hardest, with its price dropping over 20% in the last 24 hours. The price has now dropped below its previous key support level of $2.52 and is now trading at $2.41. 

If the price continues to fall, a test of $2.32 becomes more likely. A break below $2.32 would confirm a more bearish outlook, suggesting an invalidation of the previous micro “one-two” setup. For now, the larger pattern remains intact, but the market is showing increasing pressure.  The depth of this decline remains uncertain, and it will be crucial to watch how the market reacts to these new support levels in the coming days.

Waiting for Confirmation

To confirm a reversal, XRP would need to break above the recent high of $3.15. Additionally, a break above $2.89 (the golden ratio level) could signal the start of an upside breakout. For now, the market remains in a correction phase, but it is in an area where a potential low could form.

Larger Range and Next Support Levels

XRP remains within a larger sideways range, bounded between $1.96 (the previous breakout point from 2021) and the $3.40 level. If the market continues to decline, the next key support levels are at $2.23 (the 100% extension of the immediate down move) and lower levels around $1.96 and $1.23.

Overall, the market pressure is currently bearish, but there remains a chance for the bulls to step in. With Bitcoin having reached its downside target, the market could see a reversal in the coming week. However, no confirmed low has yet been established, so it’s crucial to remain patient and monitor for further developments.

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3 02, 2025

Technical Indicators Break Down With Bears Pushing For 55% Drop, WallitIQ (WLTQ) To Rally 15,300% In 7 Days

By |2025-02-03T02:05:48+02:00February 3, 2025|Crypto News, News|0 Comments

The Dogecoin price is on the verge of a major breakdown, with bearish technical indicators threatening a staggering 55% drop. Meanwhile, a new star, WallitIQ (WLTQ), is projected to skyrocket by an astonishing 15,300% in 7 days, according to analysts. This revolutionary asset is offering the market a glimpse of hope and a chance to earn massive returns in a few days. 

Dogecoin Price At Risk? Why Analysts Predict A Sharp 55% Decline

Dogecoin price is facing intense bearish pressure, with technical indicators flashing warning signs of a steep decline. Once a market favorite, the Dogecoin price is now struggling as traders react to weakening support levels. 

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reveal a downward trend, confirming that bearish momentum is growing stronger. If this trend continues, the Dogecoin price could see a shocking 55% drop from $0.327, sending panic through the market. 

Despite brief rebounds, technical indicators suggest that the Dogecoin price lacks the strength to sustain upward movement. Bears remain in control, pushing past critical resistance zones, while investors watch for any signs of stability. 

However, crypto markets are unpredictable, and a sudden shift in sentiment could defy technical indicators and drive the Dogecoin price higher. Until then, caution is key as technical indicators continue to signal a challenging road ahead for the Dogecoin price and its holders.

WallitIQ (WLTQ): The Future Of Crypto Wealth Creation

WallitIQ (WLTQ) is rapidly carving out a dominant name in the cryptocurrency sphere, captivating investors with its cutting-edge features and the astonishing potential of a 15,300% surge in 7 days. Enthusiasts are eagerly flocking to its presale, pouring in significant capital as they recognize the transformative impact of this groundbreaking token

The buzz around WallitIQ (WLTQ) is undeniable, as it outshines competitors with next-generation solutions designed to redefine decentralized finance (DeFi) even as bearish indicators signal a 55% decline for the Dogecoin price. As uncertainty clouds Dogecoin’s (DOGE) trajectory, the spotlight is shifting toward this DeFi token, which presents an unparalleled growth opportunity in 7 days. 

WallitIQ (WLTQ) incorporates features such as AI-powered fraud detection, biometric authentication, facial recognition, and live verification to guarantee asset safety. These advanced features establish a highly secure ecosystem, reassuring investors that their holdings remain protected. 

With its presale price set at $0.0420, WallitIQ’s (WLTQ) native token is expected to skyrocket to $110, delivering an impressive 15,300% ROI. Market analysts are bullish on its trajectory, heralding it as a revolutionary force in the crypto industry. 

Further fueling its momentum, WallitIQ (WLTQ) introduces a state-of-the-art Crypto Wallet Management Mobile App set to ease digital asset transactions. With QR code-enabled payments, simulated transactions for added security, and real-time market insights via the CoinGecko API, users gain a smooth and data-driven experience. 

These pioneering advancements firmly position WallitIQ (WLTQ) as a DeFi frontrunner, poised for an explosive 15,300% rally in 7 days.

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WallitIQ (WLTQ) Presale: Your Golden Ticket To Unmatched Profits

As bearish momentum threatens a 55% drop in the Dogecoin price, investors are swiftly turning their focus to WallitIQ’s (WLTQ) presale, which is generating massive interest. With an attractive entry price of $0.0420 and the potential for an astounding 15,300% surge in just 7 days, early adopters have already funneled millions into this promising token. 

WallitIQ (WLTQ) is making waves in the market, driven by next-generation technology and revolutionary features. Its decentralized ecosystem integrates AI-driven algorithms, responsive chatbots, and an advanced QR-based scan-and-pay system, making decentralized finance (DeFi) more accessible and convenient. These innovative tools pave the way for substantial returns within 7 days. 

Adding to its credibility, WallitIQ (WLTQ) has successfully passed a rigorous SolidProof audit, reinforcing transparency and security. With real-time smart contract monitoring, investor confidence is soaring, making WallitIQ (WLTQ) the prime choice for those seeking exceptional ROI in today’s evolving crypto market.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

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2 02, 2025

XRP Suddenly Colapses 14%. It Might Get Worse

By |2025-02-02T22:03:56+02:00February 2, 2025|Crypto News, News|0 Comments

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The price of XRP, the third-largest cryptocurrency by market cap, has collapsed by roughly 14% over the past 24 hours, according to CoinGecko data. 

The Ripple-linked cryptocurrency plunged to $2.58 earlier today, reaching its lowest level since Jan. 14. 

Analyst Timothy Sykes says that crypto markets are down since they are open during the weekend due to the ongoing current trade tensions. He expects the leading US stock market indexes to “get wrecked” as well on Monday. 

Related

Ripple: XRP Buyers Were Buying to Hold

According to Sykes, the “trade tensions” are terrible for business and the economy. 

DonAlt, a prominent pseudonymous cryptocurrency trader, has suggested that the crypto market could experience another round of selling on Monday.

Bitcoin (BTC) is currently down more than 4%, holding up better than other major currencies. 

Dogecoin (DOGE) is the worst-performing cryptocurrency in the top 10, plunging by nearly 15%. 

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

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2 02, 2025

DOGE Price Prediction for February 2

By |2025-02-02T20:02:52+02:00February 2, 2025|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The end of the week is bearish for most of the coins, according to CoinMarketCap.

Article image
Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined by 7.67% since yesterday. Over the last week, the price has fallen by 15.11%.

Article image
Image by TradingView

On the hourly chart, the price of DOGE is closer to the support than to the resistance level. However, most of the daily ATR has been passed, which means sharp moves are unlikely to happen by tomorrow.

Article image
Image by TradingView

On the bigger time frame, there are also no reversal signals yet. If the daily candle closes near its low, the drop is likely to continue to the nearest support of $0.2724 soon.

Article image
Image by TradingView

From the midterm point of view, the picture is similar.

Related

Bitcoin (BTC) Price Prediction for February 1

If the weekly bar closes around the current prices, traders may witness a test of the support level by mid-February.

DOGE is trading at $0.2959 at press time.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

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2 02, 2025

XRP Price May Lose 43% If This Bollinger Bands Signal Validates

By |2025-02-02T18:01:29+02:00February 2, 2025|Crypto News, News|0 Comments

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Markets move in cycles, and right now, XRP finds itself in an uneasy position. Price action is telling a story, and Bollinger Bands — one of the most relied-upon volatility indicators — are laying out the next possible chapter.

When they expand, it is a sign that the market is bracing for something big. Lately, these bands have reached extreme levels for XRP, and not in a reassuring way.

Related

1 Billion XRP Tokens Transferred to Ripple

After an already rough few weeks, XRP has been unable to reclaim lost ground. The token fell through key support at $3, slipped to $2.65, and has not managed to push back toward the upper Bollinger Band.

That is where trouble starts. When an asset cannot touch that upper band after a sell-off, the odds of it sliding down to the middle band increase. And in this case, that level is sitting at $1.61.

Article image
Source: TradingView

It is not immediate, but it is lurking. A 43% drop from current levels — potentially drawn out over a more extended time frame, given the weekly chart’s influence. The downward pressure is not just technical; sentiment is not exactly screaming bullish either.

Holding $2 is crucial, not just for the charts, but for the psychology of the market. If that level does not hold, another 20% decline would not be a shock.

Related

XRP Community Riled Up by Uphold Post

This does not mean all hope is lost. Markets pivot, trends shift, and unexpected catalysts emerge. But right now, the technicals are speaking clearly. Without a strong push upward to reclaim momentum, XRP is looking at a slow grind downward. And when Bollinger Bands signal something this clearly, traders tend to listen.

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2 02, 2025

Cardano Latest News And Remittix Set To Surge As ICO Raises Over $10 Million In Record Time

By |2025-02-02T16:01:01+02:00February 2, 2025|Crypto News, News|0 Comments

Solana, Cardano, and Remittix are making big moves in the crypto world! Solana’s price is showing signs of a strong comeback, while Cardano is working hard to grow its network. Meanwhile, Remittix is gaining attention as its presale token has raised over $10.5 million in record time. Many believe it could be the best coin to invest today for huge future gains!

Can Solana’s Price Go 10x in This Bull Run?

Solana (SOL) has recently gone on an exciting roller coaster! Its price plummeted but is already beginning to rebound after hitting an all-time high of $293.31 on January 19. Solana now sells for around $238, and many investors are asking if it may rise much more.

While some analysts believe Solana has reached its lowest point and will only rise from here, others predict another decline may occur before a significant movement. One thing is certain, though: purchasers are intervening to help to sustain the price. Renowned analyst Jelle said that Solana is displaying significant levels of support, which is encouraging for further development.

The fact that Coinbase Derivatives has registered to introduce Solana futures contracts fuels likewise increasing excitement. additional traders will therefore be able to gamble on Solana’s future price, thereby attracting additional investors. Additionally there are speculations that Solana futures may be introduced shortly by the Chicago Mercantile Exchange (CME), a major participant in the financial scene. Should that occur, it would increase Solana’s reputation and draw additional consumers.

Can Cardano Compete with Other Cryptos?

Cardano was developed as a greener, safer blockchain. Working in layers, it divides transactions from other procedures. It is therefore more efficient and adaptable. Reviewing Cardano’s technology helps specialists and scientists contribute to enhance it, which distinguishes it in the cryptocurrency scene.

Though Cardano has a solid basis, it has grown slowly. Its smart contracts, which allow developers to build blockchain apps, excite many individuals about its ability to enable Still, advancement has taken more time than anticipated. Some investors becoming impatient are looking at alternative cryptocurrencies advancing more quickly.

Strong rivalry also exists for Cardano, particularly from Ethereum. Though it takes more energy and has higher costs, Ethereum is the most often used platform for smart contracts. Though Cardano’s structure is superior and its expenses are lower, it is still not as often utilized. Comparatively to other blockchains, its DeFi (decentralized finance) and NFT (digital collectibles) industries are still minor.

Can Remittix (RTX) Reach $1 in 2025?

Remittix (RTX) is a new cryptocurrency that has been growing fast. Since its presale token launch, its price has jumped from $0.015 to $0.0521, giving early investors over 300% profit! Many believe it is one of the best coins to buy now because it helps users send money across borders with no hidden fees.

Remittix makes sending crypto as easy as sending a text message. The platform converts cryptocurrencies into regular money (FIAT) quickly and safely. Unlike traditional banks, it doesn’t charge extra fees, so what you send is exactly what the receiver gets. Since transactions are recorded on a public ledger, everything is transparent, making it one of the best coins to buy now for people who want security and efficiency.

The project is expanding quickly as over 450 million RTX tokens sold generates over $10.5 million generated in its presale token. Based on current trajectory, RTX may reach $0.10 shortly and maybe $1 in 2025. For long-term development, many investors see it as the greatest currency to make investments now.

The Remittix platform is unique as it links local payment systems with blockchain technologies so that companies may send and get money all around. It also provides Remittix Pay API, which facilitates staff easy payment for businesses. Remittix is a great instrument for worldwide payments because of these characteristics.

Strong advantages surround the RTX token itself. It guarantees quick, safe transactions, provides consumers complete asset control, and removes extraneous costs. RTX could grow to be a significant participant in the crypto scene as the cross-border payment sector is anticipated to reach $250 trillion by 2027. If you’re looking for the best coin to invest today, Remittix might be a smart choice!

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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2 02, 2025

Here is How High DOGE Can Rise if It Gets 50% of BTC Inflows, As Grayscale Files for Doge ETF

By |2025-02-02T13:59:59+02:00February 2, 2025|Crypto News, News|0 Comments

With Grayscale filing for a Dogecoin ETF, the Dogecoin price could skyrocket tremendously if the product captures only 50% of Bitcoin ETF inflows after approval.

Grayscale Investments has introduced the Grayscale Dogecoin Trust, looking to provide institutional and accredited investors with exposure to Dogecoin. Following this launch, the firm promptly filed with the U.S. Securities and Exchange Commission (SEC) to convert the trust into a spot exchange-traded fund (ETF). 

The move syncs with Grayscale’s push to expand its crypto offerings. Recall that the company made similar moves with Bitcoin and Ethereum, filing to convert its BTC and ETH Trusts to ETFs with the SEC. Interestingly, Grayscale also recently carried out these steps with its XRP Trust.

Notably, the Grayscale Dogecoin Trust will track Dogecoin’s market price, presenting investors with a regulated avenue to gain exposure to the meme coin without direct ownership. Currently, the trust is available for subscription to eligible accredited investors and will transform to an ETF following the SEC’s approval.

Dogecoin Price if Its ETFs Attract 50% of Bitcoin ETF Inflows

This filing is one of several efforts from different assets managers to introduce Dogecoin ETFs. Should these products see the light of day, they could attract more institutional capital into the Dogecoin market, impacting DOGE price positively.

For context, this trend played out with Bitcoin, with the sustained flows into Bitcoin ETFs pushing the BTC price to a new all-time high before a halving event for the first time ever. Specifically, these Bitcoin ETF products have recorded $40.5 billion in capital inflows since they launched in January 2024.

Notably, if Dogecoin ETFs witness only 50% of these inflows, this could have massive implications for prices. Particularly, 50% of the Bitcoin ETF inflows amounts to $20.25 billion. Applying the BoA 118x inflow-to-valuation multiplier leads to an additional market cap of $2.39 trillion for DOGE.

Meanwhile, market data confirms that Dogecoin currently boasts a market cap of $47.6 billion. An addition of $2.39 trillion would lead to a total valuation of $2.86 trillion. Now, considering Dogecoin’s circulating supply of 147.8 billion, a $2.86 trillion market cap translates to a price of $19.34. This would mark a 5,895% increase from the current price of $0.3226.

However, it bears mentioning that there is no guarantee that Dogecoin ETFs would record such a substantial amount of capital. For instance, Ethereum ETFs have only seen $2.76 billion inflows despite existing since July 2024.

Dogecoin ETF Race Heating Up

Nonetheless, the ETF race for Dogecoin appears to be heating up. In a related development, Bitwise also filed an S-1 form with the SEC to establish a Dogecoin ETF. 

Notably, Wintermute, a prominent crypto market maker, had earlier predicted that a major asset manager would launch a meme coin ETF in 2025, with Dogecoin being the likely candidate. This forecast has now materialized with Grayscale’s recent filing.

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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2 02, 2025

XRP Price Prediction For February 2

By |2025-02-02T11:59:11+02:00February 2, 2025|Crypto News, News|0 Comments

XRP is currently down by more than six percent and has dipped below the crucial $3 mark. Since the December swing low, XRP had been steadily moving upwards. However, the price has now hit a reverse and is testing support levels below $3. While the next move is still pending, analysts are optimistic that XRP is gearing up for another bullish phase.

XRP’s Current Market Structure:

According to Elliot Wave analysis, XRP’s price movement has shown an impulsive upward pattern, with pullbacks appearing corrective in nature. This suggests that a potential third wave of upward movement could soon unfold. The current price structure indicates that XRP might be positioned for a breakout. A critical support level to watch is $2.76, which is key for maintaining the bullish trend on smaller time frames.

Key Resistance and Support Levels:

The larger market pattern, which completed a correction in mid-January, sets the stage for a possible five-wave upward move. However, a breakout above the previous high at $3.40 is essential to confirm the continuation of the bullish trend. 

If XRP fails to break above this level, the market could experience a test of lower support levels between $2.51 and $2.68. In this case, the overall market structure may need to be adjusted.

Despite the uncertainty, the market sentiment remains largely optimistic, especially if XRP manages to break past the resistance at $3.40. The next major targets for XRP, if the bullish momentum continues, are $4.20 and potentially $5. Overall, XRP is showing promise, with many traders preparing for a potential breakout in the coming weeks.

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