XRP, one of the leading alternative cryptocurrencies, managed to climb to the $0.59 level earlier today, reaching its highest price point since April.
According to cryptocurrency analytics platform Santiment, this surge has been primarily driven by surging levels of token holdings among whales and sharks that own more than 100,000 XRPs.
The firm has noted that “a turning point” in accumulation took place last August.
According to data provided by the CoinGecko cryptocurrency ranking website, XRP recorded a 10% spike over the past 24 hours, vastly outperforming other major altcoins. The Ripple-affiliated token is currently changing hands at $0.5903 after reaching an intraday high of $0.5921. The cryptocurrency is valued at $32.8 billion, which makes it the eighth most valuable digital asset by market capitalization.
Despite some impressive gains, there are some worrying signs that market participants would want to pay attention to. For instance, the XRP token recently formed bearish divergence. This means that the price managed to record higher highs while the oscillator is forming lower peaks. This could possibly mean that XRP’s momentum is weakening. Bearish divergence could end up being a bad omen for the token.
As reported by U.Today, the XRP cryptocurrency is currently experiencing elevated levels of FOMO following its recent price spike. However, there are also risks that are associated with excessive exuberance.
It is not immediately clear why XRP recently experienced such a substantial rally.
Last week, CME Group launched real-time indices as well as reference rates for the Ripple-linked cryptocurrency.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
Unlike many altcoins, Polygon (MATIC) struggles to keep up with its recently-found uptrend. MATIC tested $0.55 in the early periods of July 16.
Later, the cryptocurrency’s value fell. Trading at $0.52 at press time, the price has affected the position of Polygon holders.
Polygon Uptrend Stumbles, Holders Back in Losses After Brief Relief
Last week, MATIC dropped to $0.48 following a long period that saw the price plunge from its highs in March.
The consequence of this underwhelming price action is indicated by the Global In/Out of Money (GIOM). The GIOM classifies addresses based on those profiting from the current price action, those losing money, and those at the breakeven point.
Addresses in profits mean they purchased the token at a lower value than the current price. However, the addresses losing money accumulated at a higher price. Taking it back to July 9, there was no holder on the Polygon network in profits.
However, the brief price increase ensures only those who bought the token between $0.0032 and $0.52, representing 5% of the total MATIC holders, are now making money at the current price.
Another metric that indicates this position is the Market Value to Realized Value (MVRV) ratio. This ratio is an on-chain indicator that offers insights into investor behavior. Generally, high values indicate a large degree of unrealized profits.
It also increases the chances of investors’ willingness to distribute their holdings. However, a low ratio suggests poor demand dynamics. The more the ratio decreases, the lesser the motive to sell.
Polygon’s price increase on July 15 improved profitability, as the 30-day MVRV ratio rose to 1.87%. However, the retracement has forced the ratio back to 2.05% at press time.
This short-lived hike is evidence that MATIC holders are willing to sell at any chance to break even. If this continues, the cryptocurrency’s value may drop to $0.50.
MATIC Price Prediction: Risk of Falling Below $0.50
According to the daily chart, MATIC tested the key support of $0.47 on July 5, and this was instrumental to the extended formation to $0.54 seven days later.
However, the token finds it challenging to reach $0.57 due to a lack of substantial liquidity, as indicated by the Money Flow Index (MFI). The MFI reveals the flow of money in and out of a cryptocurrency.
If it increases, it means there is enough capital deployed to push prices higher. However, a decrease in the MFI indicates otherwise.
From the chart below, the indicator has been unable to cross over the neutral line, indicating that bulls have lowered their commitment to driving the Polygon native token higher.
If this remains the case, MATIC’s price may slip below $0.50, possibly declining to $0.47 again in the process.
Given the token’s market structure, the next move could be range-bound between $0.47 and $0.50. However, a close above $0.53 may invalidate this prediction.
Should liquidity into the token increase, MATIC could rebound, possibly leading to a breakout toward $0.64.
Disclaimer
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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.
Most of the coins have started the new week with a reversal, according to CoinStats.
Top coins by CoinStats
ADA/USD
The rate of Cardano (ADA) has increased by 1.83% over the last 24 hours.
On the daily time frame, the price of ADA is rising after the breakout of the vital level of $0.4210. Until the price is above it, buyers keep controlling the sitution on the market.
Related
In this case, traders may witness an ongoing upward move to the $0.46-$0.47 area soon.
ADA is trading at $0.4380 at press time.
BNB/USD
Binance Coin (BNB) is more of a gainer than ADA, growing by 4.05%.
The price of BNB has broken the $551.2 level. If the daily bar closes near the bar’s high, the accumulated energy might be enough for a further rise to the $580-$600 range.
The price of Solana (SOL) has increased by 3.51% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of SOL is on its way to the local resistance level of $158.67. If the situation does not change by the end of the day, one can expect a breakout, followed by a move to $160.
Image by TradingViewOn the daily time frame, one should pay attention to yesterday’s bar’s peak. If the candle closes near the $160 zone, the upward move may continue to the $170 zone.
Such a scenario is relevant until the end of the week.
Image by TradingViewFrom the midterm point of view, traders should pay attention to the bar’s closure. If it happens near $160 and above, the accumulated energy might be enough to test the $180 area until the end of the month.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
BONK coin price may reach a high of $0.000085 by the end of 2024.
BONK, with a potential surge, could reach a maximum of $0.0050 by the end of 2030.
Bonk (BONK), the first dog-themed coin on the Solana blockchain, stands out for its thematic charm, underlying strategy, and vision. As a newcomer to the memecoin space, the BONK price trend represents a pivotal shift in the meme coin sector.
Following the listing gains, the BONK price signals a new recovery with the recent breakout run as the overall market bounces back. Further, with an extraordinary growth of 15,000% in six months, it is the biggest meme coin on the Solana network.
So, what does the future hold for BONK? Intrigued by the exponential growth trajectory of BONK’s price trend? Let’s delve into the anticipated BONK price predictions for the years 2023 to 2025 and beyond.
Bonk (BONK) Price Prediction July 2024
The Bonk price continues to display a positive price action by recording a jump of approximately 3% within the past 24 hours with a trading volume of $219.83 Million. Furthermore, this memecoin has claimed the position of the 5th biggest memecoin with a jump of 13.35% over the past week. Notably, the Bonk token has a market cap of $1.66 Billion.
TradingView: BONK/USDT
The technical indicator, MACD, displays a constant green histogram in the 1D time frame, highlighting increased positive sentiment in the crypto space. Moreover, the averages show a bullish rise, suggesting that the BONK memecoin will continue gaining value this week.
If the market continues to trade under a bullish influence, the BONK price will prepare to test its upper resistance level of $0.00003390 during the upcoming weeks. Conversely, if the bears regain momentum, the BONK crypto will plunge toward its low of $0.00002125 this month.
Price Prediction
Potential Low ($)
Average Price ($)
Potential High ($)
July 2024
$0.00002125
$0.00002757
$0.00003390
BONK Price Prediction 2024
If the cryptocurrency market continues to grow in 2024, fueled by the anticipated bull run in the crypto market, BONK can successfully reach a wider audience. Further, with the growing community, the BONK price could potentially reach as high as $0.00085.
Conversely, during the liquidity crunch or a market-wide pullback, the downside potential is vast for the BONK meme coin. The bears can retest the $0.000010 mark in case of a high-speed crash.
Price Prediction
Potential Low ($)
Average Price ($)
Potential High ($)
2024
$0.000010
$0.0000475
$0.000085
BONK Price Prediction 2025
Considering the fear of missing out on BONK continues to grow, its price could breach $0.00010. Potentially making a high of $0.00035, the meme coin can transition to something more meaningful in the coming years.
However, if BONK cannot maintain its current growth rate, its price will likely average out at $0.000060. Conversely, if BONK fails to stay relevant in 2025, the price of BONK can plunge to $0.000015.
Price Prediction
Potential Low ($)
Average Price ($)
Potential High ($
2025
$0.000015
$0.000060
$0.00035
BONK Price Prediction 2026 – 2030
Years
Potential Low ($)
Potential Average ($)
Potential High ($)
2026
$0.000034
$0.000332
$0.00063
2027
$0.000062
$0.000451
$0.00084
2028
$0.000071
$0.0006355
$0.0012
2029
$0.000092
$0.001246
$0.0024
2030
$0.00013
$0.002565
$0.0050
BONK Memecoin price prediction 2026:
BONK’s price for 2026 is projected to range between $0.000034 to $0.00063, with an average trading price of approximately $0.000332.
BONK price prediction 2027:
BONK’s price for 2027 is expected to fluctuate between $0.000062 to $0.00084, with an average price of around $0.000451.
BONK Crypto price prediction 2028:
BONK’s price for 2028 is anticipated to lie within the range of $0.000071 to $0.0012, with an average trading price of about $0.0006355.
BONK Coin price prediction 2029:
BONK’s price for 2029 is projected to vary from $0.000092 to $0.0024, with an average price of roughly $0.001246.
BONK price prediction 2030:
BONK’s price for 2030 is expected to fluctuate between $0.00013 to $0.0050, with an average trading price of over $0.002565.
CoinPedia’s BONK Price Prediction
As per Coinpedia’s BONK Price Prediction, optimism for meme coins comes in cycles and can have a long bear cycle with a quick but intense bull cycle. Further, the involvement of high-profile figures like Elon Musk, infamously known for bringing surges in Dogecoin, could be a black swan event for BONK.
Moving ahead of speculations, the ability and the intention of the Bonk(BONK) coin to scale the DeFi space of Solana remains a top use case that is catching the eye of investors.
This credibility and the robust nature of the Solana blockchain on which BONK is built combine to give a high potential. Hence, as per Coinpedia’s BONK Price Prediction, the BONK prices can reach the $0.0050 mark by the end of 2030.
For a shorter timeframe, as per Coinpedia’s Bonk (BONK) price prediction, the BONK price can reach the $0.000085 mark by the end of 2024.
Market Analysis
2023
2024
2025
CoinCodex
$ 0.00002336
$ 0.00003141
$ 0.00004932
Digital Coin Price
$0.0000608
$0.0000706
$0.0000996
Coin Data Flow
$0.000031
$0.000061
$0.000233
FAQs
How high can the BONK price go by the end of 2024?
BONK’s price could claim the $0.000085 mark by the end of 2024.
What is BONK?
Bonk (BONK) is a cryptocurrency that emerged as the first dog-themed token on the Solana blockchain. Further, the primary goal of BONK is to enhance liquidity in Solana-based DEXs and to create a community-centric ecosystem where the token is used across various dApps on Solana.
Will BONK hit $0.00010?
BONK is poised for growth in the coming years and it might cross the $0.00010 mark by 2025.
Is BONK a good investment?
With the primary goal of enhancing liquidity in Solana-based decentralized exchanges (DEXs) and creating a community-centric ecosystem where the BONK token is used across various dApps on Solana, Bonk brings a robust use case. Further, the growing community of BONK coupled with the power of exponential growth seen in meme coins makes BONK a good investment.
What will be the BONK price in 2030?
According to CoinPedia’s BONK price prediction, the BONK might hit a maximum of $0.0050, by the end of 2030.
What is the current price of Bonk memecoin?
At the time of writing, the price of 1 BONK crypto was $0.00002441.
The price of Bitcoin BTCUSD has increased by 4.82% over the last day.Image by TradingView
On the daily chart, the rate of BTC has continued to grow after yesterday’s bullish closure. If the candle closes near the resistance of $63,302, there is a chance to see a breakout, followed by a move to the $66,000 zone.
Ethereum ETHUSD is more of a gainer than BTC, going up by 5.12%.Image by TradingView
From the technical point of view, ETH is trading similarly to BTC. If buyers can hold the gained initiative until the end of the day and the bar closes around current prices, one can expect a test of the resistance level of $3,521 by the end of the week.
XRP has gained the least today, rising by 0.88%.Image by TradingView
On the daily time frame, the rate of XRP is far from key levels, which means neither bulls nor bears are ready for a sharp move. In this case, ongoing consolidation in the zone of $0.52-$0.55 is the more likely scenario for the next few days.
Following the failed assassination attempt on pro-crypto U.S. presidential candidate Donald Trump over the weekend, optimism within the crypto industry has surged. Bitcoin’s price rebounded above $63,000 after weeks of a bearish outlook, inspiring a positive trend in the altcoin market, with Solana (SOL) and Ethereum (ETH) leading the charge.
Here’s more on this below.
Solana Leads the Altcoin Rally
Recent market data shows Solana’s price against the US dollar surged over 5% in the last 24 hours, reaching around $153 during Monday’s London session. This large-cap altcoin, boasting a fully diluted valuation exceeding $88 billion and a daily average traded volume of approximately $2.5 billion, rallied over 15% last week, signaling a strong bullish sentiment.
Solana’s price is approaching the apex of a weekly descending triangle after consolidating over the past four months. With a solid support level of around $122 established in the last four weeks, Solana appears well-positioned for a bullish rebound.
What Technicals Are Telling Us
The weekly Relative Strength Index (RSI) rebounded by 50%, indicating the end of the recent correction. On the daily time frame, Solana’s price consistently closed above the 200-day Moving Average (MA), suggesting a continued uptrend.
According to popular crypto analyst Captain Faibik, Solana is preparing for the euphoric phase of the macro bull run, setting a price target of about $1,000.
The Solana network is supported by a vibrant online community of Web3 developers and investors. It is the only top layer-one chain with a dedicated smartphone, the Saga mobile. Alongside Ethereum, Solana is the only other altcoin with a pending spot ETF approval in the United States. Last month, VanEck filed for a spot Solana ETF with the U.S. SEC.
Why Bet On Solana?
The Solana Web3 ecosystem has seen significant growth in recent months, with about $4.68 billion in total value locked and over $3.5 billion in stablecoin market cap. The ecosystem has also benefited from the rising popularity of its meme coin space, led by Dogfight (WIF), Bonk (BONK), and Popcat (POPCAT).
As of this writing, Solana-based meme coins had a market cap of approximately $7.1 billion and a daily average traded volume of about $1.4 billion.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please .
Dogecoin has grown over 5% in the last 24 hours, trading at $0.1177. Elon Musk has committed to support pro-crypto presidential candidate Donald Trump.
This caused many experts to back back the coin to soar.
For example, Yellow Trades – a YouTuber with over 56,000 subscribers – expects Dogecoin to surpass $0.5 in the near future.
Let’s take a closer look at this optimist DOGE forecast.
Analyst Predicts Dogecoin Price Will Explode
Yellow Trades is well-known in the meme coin community for his reporting and narrative-based price predictions. In a video posted today, the YouTuber analyzed how recent events could impact the price of DogeCoin.
First off, the assassination attempt on former president Trump has increased his chances of winning the election according to analysts. This is anticipated to be a great thing for crypto, as the candidate has shared pro-crypto stances, and is going to be speaking at the Nashville Bitcoin conference on July 27th.
Elon Musk, one of Dogecoin’s biggest backers has also expressed his continued support for the former president. The combination of these factors led Yellow Trades to make a very daring prediction that DogeCoin’s price will go up to $0.51.
This is compounded by an overall upswing in the crypto market, with the YouTuber stressing that if Bitcoin, ETH, and the like can break out, altcoins like DOGE should grow massively. Dogecoin has also seen a recent influx of whales pouring more funds into the coin.
On top of this, Musk has repeated his support for Dogecoin in a recent interview, further exerting upward pressure on its price.
Will Dogecoin Live Up To These Expectations?
Despite Dogecoin’s rally this week, the token is still down 14.23% this month. However, this is a better performance than its biggest competitors- PEPE and WIF, both of which fell over 20% over the last month.
On the flip side, DOGE has had a solid year, growing over 60%. Dogecoin has done well to maintain its position as the number 1 meme coin, and is the 9th biggest crypto overall, with Cardano trailing close behind. Despite this, its current price is still a far cry from its all-time high of $0.7316 per token.
Experts are still quite bullish on DOGE, supporting Yellow Trades’s prediction. World of Charts, an X (Twitter) influencer with over 33,000 followers recently shared his bullish sentiments backed with technical analysis.
There’s also speculation of Dogecoin being added to X (Twitter,) as part of Elon Musk’s efforts to create an “everything app.” If this comes true, we’re sure to see DOGE’s price skyrocket as utility is added to it.
In the meantime, there’s another Doge-inspired coin called PlayDoge that’s being endorsed by Yellow Trades and other analysts.
Analysts Also Bullish on Promising P2E Meme Coin PlayDoge
PlayDoge ($PLAY) is the native token of the titular P2E game. Inspired by the Tamagotchi games from the 90’s, it brings 8-bit aesthetics together with modern crypto technology and Doge’s memetic draw.
PlayDoge raised over $5.6 million raised in its presale so far, and a current token price of $0.00519 per token. Yellow Trades is one among many experts bullish on the coin. He cites the coin’s organic X (Twitter) growth to 6,000 followers, steady roadmap progress, and P2E utility as reasons why the token is likely to 10x upon its DEX launch.
The coin’s tokenomics are extremely promising to early investors. 50% of the total 9.4 billion tokens are allocated to the presale, with another 12% allocated for stakers with a massive 87% APY. Marketing has a substantial 10% allocation to ensure the token stays popular in the community.
To ensure a safe and smooth presale for everyone involved, PlayDoge has passed a SolidProof audit with flying colors.
With less than 2 days until PlayDoge’s next price increase, now is the time to get $PLAY tokens at the lowest possible price.
The price of Bitcoin (BTC) has increased by 4.82% over the last day.
Image by TradingViewOn the daily chart, the rate of BTC has continued to grow after yesterday’s bullish closure. If the candle closes near the resistance of $63,302, there is a chance to see a breakout, followed by a move to the $66,000 zone.
Bitcoin is trading at $62,864 at press time.
ETH/USD
Ethereum (ETH) is more of a gainer than BTC, going up by 5.12%.
Image by TradingViewFrom the technical point of view, ETH is trading similarly to BTC. If buyers can hold the gained initiative until the end of the day and the bar closes around current prices, one can expect a test of the resistance level of $3,521 by the end of the week.
Ethereum is trading at $3,358 at press time.
XRP/USD
XRP has gained the least today, rising by 0.88%.
Image by TradingViewOn the daily time frame, the rate of XRP is far from key levels, which means neither bulls nor bears are ready for a sharp move. In this case, ongoing consolidation in the zone of $0.52-$0.55 is the more likely scenario for the next few days.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
Solana, a Layer 1 blockchain known for its high speed and low transaction costs, has witnessed a significant uptick over the past 24-hour period following the market recovery. According to the current Solana price forecast, the altcoin is hovering above the $150 support level as bulls eye more gains, indicating strong investor confidence.
Solana price is currently at $153 during European trading hours, making a surge of 6%. According to data from CoinMarketCap, the current market capitalization stands at approximately $71 billion, making it the fifth-largest cryptocurrency. The trading volume also saw a notable increase, up 28% at just over $2 billion.
Solana Price Forecast: Can the Current Momentum Sustain SOL Above $150?
Over the past week, Solana has experienced a significant surge of 10.40% following the recent market recovery. The cryptocurrency has been trading in a range bound between $134 and $153, showing substantial fluctuations within this period. This uptick marks a robust performance amidst a broader stabilization in the crypto market.
Bulls have struggled to maintain upward momentum since the SOL price hit a monthly low of $123, with buying and selling pressures closely matched.
Solana Price Forecast chart Chart
According to data from DeFiLlama, Solana is currently experiencing a bullish trend in the cryptocurrency market. The Total Value Locked (TVL) in the network has reached an impressive $4.707 billion. This indicates strong investor confidence and substantial capital inflow into Solana’s decentralized finance (DeFi) protocols.
In addition, the market capitalization for stablecoins on Solana stands at $3.4 billion, highlighting its significant role in the DeFi sector. Over the past 24 hours, the network has generated fees totaling $1.68 million and revenue of $839 million, which further underscores its growing financial activity.
How Critical is the $160 Resistance Level for SOL?
With the current bullish trend gaining momentum, there’s potential for Solana price prediction to surpass the critical $160 resistance level. This breakthrough could signal a renewed bullish outlook, targeting prices near $190. If the upward trajectory holds, Solana price forecast might even challenge the significant $200 barrier.
On the flip side, increased selling pressure could push Solana down to an initial support level of $130. A further dip could test stability around the $120 zone, hinting at a potential turn towards bearish market conditions.
Technical Indicators Point to a Strong Bullish Trend
The technical indicators for Solana reveal a recent uptrend in price, as observed on the 4-hour chart. The Chaikin Money Flow (CMF) indicator sharply rose, indicating a potential increase in buying pressure.
The Awesome Oscillator (AO) shifted from red to green bars, suggesting a positive momentum in recent trading sessions. This combination of indicators might signal a bullish sentiment among investors as Solana shows signs of recovery from its previous declines.
The Relative Strength Index (RSI) has surged to 77, signaling a strong buying momentum after approaching the overbought territory, which typically suggests a potential for a market correction or pullback. The Moving Average Convergence Divergence (MACD) indicator exhibits an upward trend, with the MACD line crossing above the signal line, reinforcing the bullish sentiment among traders.
Related Articles
Frequently Asked Questions (FAQs)
Solana’s potential to hit a new all-time high depends on the current market recovery and increasing investor interest, especially in its DeFi sector.
Solana hit its all-time low on May 11, 2020, with a price of $0.5052, marking a significant increase of over 30,322.63% since then.
Solana is recognized for its speed, capable of processing up to 65,000 transactions per second, making it one of the fastest blockchains available.
