BTC fell more than 1% over the past 24 hours and was sitting at $69,597.8 by 07:26 ET (11:26 GMT).

Last week, Bitcoin’s 30-day annualized realized volatility surged to 63.76%, staying above 60% as the week ended, according to Glassnode data, marking the highest level since August 2022.

Realized volatility measures the deviation of returns from their average over a specified timeframe, where higher figures indicate a greater risk of price fluctuations during that period.

Amidst this increase, Bitcoin’s 30-day realized volatility has now outpaced ‘s by almost 10 percentage points, marking the widest gap seen in over a year, as per analytics firm Kaiko.

This significant divergence in volatility levels emerged shortly after the U.S. Securities and Exchange Commission (SEC) approved a series of spot Bitcoin exchange-traded funds (ETFs). The move provided traders an avenue to gain exposure to Bitcoin indirectly, without the need for direct ownership.

Analysts at JPMorgan estimated sales of roughly $184 million across the US spot Bitcoin ETFs on Thursday, the group’s 54th trading day.

“Daily gross flows (excl. GBTC) were $289mm on Thursday with both BlackRock˖s IBIT and Fidelity˖s FBTC significantly underperforming historical averages,” analysts wrote.

“Grayscale˖s GBTC redemptions were just -$105mn, below its -$273mn running average since launch,” they added.

Analysts said there was a noticeable slowdown across the board, except for Bitwise’s BITB vehicle, which experienced a significant uptick with $67 million in inflows on Thursday, notably above its daily average of $30 million.

Following the SEC’s green light, the spotlight has been on the performance of these spot ETFs, with net inflows leading to increased volatility in Bitcoin and the wider cryptocurrency market. Meanwhile, diminishing expectations for the SEC’s approval of an Ethereum ETF by May have led to a decrease in trading enthusiasm among ETH investors.

Biggest Thai crypto exchange to launch IPO in 2025

Elsewhere in the crypto world, Bitkub Capital Group Holdings, the parent company of Thailand’s leading cryptocurrency exchange Bitkub Online, is gearing up for a public share offering next year, CEO Jirayut Srupsrisopa told Bloomberg News.

He said that Bitkub is aiming for a listing on the Stock Exchange of Thailand to improve the company’s visibility and secure additional funding.

The firm is currently engaging financial advisors for this purpose, he mentioned. The move towards an IPO in Thailand had been first hinted at in a shareholder letter from 2023, though without a definitive timeline.

In July 2023, Bitkub offloaded a 9.2% share of Bitkub Online Co., its cryptocurrency exchange branch, to Asphere Innovations Pcl for 600 million baht ($16.5 million). Jirayut anticipates an increase in Bitkub Online’s valuation from the 6 billion baht established in this transaction, driven by trading volumes reaching heights comparable to the last cryptocurrency boom in 2021.

In a stunning twist in the ongoing legal battle between the SEC and Ripple Labs, the Securities and Exchange Commission has announced a surprising turn of events that has sent shockwaves through the cryptocurrency world. Ripple CEO, Brad Garlinghouse, is celebrating what he calls a “historic win” as XRP prices skyrocket to $15. Is this the beginning of the end for the SEC’s case against Ripple?

Ripple WINS SEC Lawsuit: Regulators Drop Charges, Cite ‘Misunderstanding

In an unexpected move, the SEC has dropped its lawsuit against Ripple Labs, citing a “misunderstanding” regarding the classification of XRP. This bombshell announcement has caught many by surprise, with experts speculating about the implications for the broader cryptocurrency market. Could this signal a shift in regulatory attitudes towards digital assets?

Ripple WINS SEC Lawsuit: XRP Hits $15 Amidst Legal Victory

As news of the SEC’s decision spreads, XRP prices are soaring to new heights. With the cryptocurrency now trading at $15, investors are scrambling to get in on the action. Is this the moment XRP holders have been waiting for, or is it just a temporary surge fueled by speculation?

Garlinghouse Gloats: Ripple CEO Declares Victory, Plans Expansion

In a triumphant statement, Ripple CEO Brad Garlinghouse has declared victory in the legal battle against the SEC. With the lawsuit behind them, Garlinghouse has announced ambitious plans for Ripple’s future, including expansion into new markets and partnerships with major financial institutions. But will Ripple’s newfound freedom be enough to propel XRP to even greater heights?

What’s Next for XRP? Experts Weigh In on Ripple’s Legal Triumph

With the SEC lawsuit now in the rearview mirror, many are wondering what the future holds for XRP. Will Ripple’s legal victory pave the way for widespread adoption of its blockchain technology? Or will regulatory uncertainty continue to cast a shadow over the cryptocurrency’s prospects? Join us as we explore the potential implications of Ripple’s legal triumph on the future of XRP!

April Fool’s! None of the information in this article is correct. We hope you enjoyed our little prank. Happy April Fool’s Day!

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Dogecoin, the chief meme coin, has stolen the spotlight with a 10% price jump over the past 24 hours. 

After surpassing Cardano by market cap, the meme coin has now built a massive lead over the Ethereum competitor, holding the 9th spot on CoinMarketCap.

According to data provided by Santiment, dormant whales moving DOGE back into circulation are behind the significant price move. 

Notably, $5.5 million worth of Dogecoin shorts has been liquidated over the past 24 hours alone. 

According to data provided by IntotheBlock, 88% of Dogecoin holders are in the money at current prices. 

Last week, it was revealed that Dogecoin whales managed to snap up a shopping $280 million worth of DOGE in just two weeks. This preceded the substantial price surge that was observed at the end of the previous week. 

As reported by U.Today, it was crucial for Dogecoin to surpass the $0.20 level ahead of the monthly close. The meme coin managed to achieve this feat, printing a monthly close above $0.22. Now, according to some predictions, the most successful Bitcoin parody might be ready for further upside. However, its future price performance will, of course, depend on broader market conditions.     

Other meme coins

Dogecoin is one of the best-performing cryptocurrencies over the past week among the top cryptocurrencies. 

However, its performance pales in comparison to Solana-based meme coin dogwifhat (WIF), which managed to reach a new all-time high last week amid a surge in speculation. WIF is still up roughly 60% in just seven days despite giving up some gains. 

The Solana token has successfully concluded the month of March on a positive note by adding over 54% to its valuation during this time. Moreover, its YTD stands at approximately 95%, highlighting a massive buying pressure for this altcoin in the long-term perspective.

The SOL Token Displays AN Increase In The Bullish Sentiments!

The Solana price traded in a closed range between $51.30 and $77.60 for over three weeks, following which the bulls gained momentum and recorded a jump of 66.20% within the next five days. Following this, the bulls faced rejection above the resistance level of $107.77.

After this, the SOL token lost momentum and experienced a pullback below its support level. Following this, the Solana token traded in a range between $77.60 and $107.77 for approximately nine weeks, highlighting weak buying and selling pressure for the altcoin during this period.

Positively, the Cross EMA 50/200-day acted as a support to the price, resulting in the SOL token regaining momentum and displaying a bullish price action. The Solana coin price recorded a jump of 99.32% and successfully reclaimed the $200 market for the first time in over 26 months.

Following this, the bulls faced rejection above the resistance level of $200, and since then, the Solana token has been trading in a closed range between $170 and $200 and is on the verge of testing its resistance level, the outcome of which is unpredictable.

The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating an increase in the buying-over-selling pressure in the crypto industry. Moreover, the averages show a high possibility of a bullish convergence, highlighting a bullish price action for the altcoin in the coming time.

Can SOL Price Reach $1,000?

If the market holds the price above the resistance level of $200, the bulls will regain momentum and prepare to test its next major resistance level of $250 in the coming time. Moreover, if the Solana price continues to trade under a bullish influence, it will run to test its upper resistance level of $300 during the coming month.

Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $170. Furthermore, if the bears continue to overpower the bulls, it will continue bleeding and fall to test its lower support level of $140 in the coming time.

Cardano Expected To Rise Above $3 by 2030

A recent survey of panelists at Finders has revealed the future outlook for the price of ADA. According to the report, Cardano is expected to witness a significant surge between the average of $5.37 and $3.15 by the end of the decade. 

Supporting the cryptocurrency’s potential price growth, the Chief Operating Officer (COO) of Layer One X, Matiu Rudolph has predicted that the price of ADA could increase to $3.50 or higher by 2025. He has also predicted that the cryptocurrency could witness a rise to new all-time highs of $10 by 2030. 

The COO has based his predictions on Cardano’s burgeoning ecosystem and robust community of supporters. He disclosed that the cryptocurrency’s loyal community was one of its greatest assets, fostering global adoption and boosting the value of the cryptocurrency. 

Also speaking about Cardano’s future price outlook, the founder of Omnia Markets, Mitseh Shah has projected the price of ADA to surge to $2.75 by 2025. The fintech founder has given reasons for his price prediction, stating if the crypto market enters a bull run, Cardano could see its price rising to new highs. 

“If next year’s Bitcoin halving leads to a bullish crypto market Cardano could well be taken along for the ride,” Nick Ranga, senior cryptocurrency and forex analyst at ForexTraders stated. 

In a similar light, another panelist, Ruadhan O, creator of Seasonal Tokens has remained bullish on Cardano, expecting the cryptocurrency to surge to $2 by 2030. The crypto investor has disclosed that Cardano is likely to witness significant gains from Ethereum’s market share during the next crypto bull run. 

Overall, predictions regarding Cardano’s price outlook seem to depend on the market’s performance and the possibility of a bull run. At the time of writing the cryptocurrency is trading at $0.65, reflecting an increase of 3.63% over the past week, according to CoinMarketCap. 

ADA To Witness Major Price Drop

Despite the optimistic forecast from a considerable number of Finder’s panelists regarding Cardano’s price, others have expressed opposite views, highlighting Cardano’s underperformance and inability to keep up with market expectations. 

Josh Fraser, co-founder of Origin Protocol, Cardano and Joseph Raczynski, a futurist have predicted that the price of Cardano could plummet to zero by 2030 and 2025 respectively. Numerous other panelists who share similar pessimistic sentiments have revealed that Cardano’s lack of decentralized applications and failure to achieve global adoption was one of the key factors behind its foreseeable limited price growth.

ADA price at $0.65 | Source: ADAUSDT on Tradingview.com

Featured image from CoinStats, chart from Tradingview.com

According to American investor and hedge fund manager Mark Yusko, the price of Bitcoin (BTC), the largest cryptocurrency, could potentially surge to $150,000 this year.

At press time, the flagship cryptocurrency is changing hands slightly above the $70,000 level.

During a recent interview with CNBC, the hedge fund manager touted the cryptocurrency as a superior form of gold while explaining his bullish case.

Yusko is convinced that the price of the cryptocurrency could end up surging much higher than $150,000. In fact, he has predicted that the flagship coin could surge to as high as $700,000 by the end of the next decade.

The investor’s bull case for Bitcoin appears to be largely based on the upcoming halving event, which is expected to occur next month.

Despite the fact that the bellwether coin has already seen a massive rally following the approval of several spot exchange-traded funds earlier this year, Yusko believes that a bigger rally is going to happen after the halving event.

He has pointed to the fact that the price of Bitcoin tends to peak months after the event based on historical data, which means that some fireworks are to be expected by the end of 2024.

Yusko has been a longtime Bitcoin bull. For instance, he predicted that the price of the largest cryptocurrency could hit a whopping $400,000 all the way back in 2019.

In 2021, he said that the Bitcoin price hitting $250,000 would be the monetary value of “gold equivalence.”

Earlier this March, the largest cryptocurrency surpassed silver by market cap after its valuation hit $1.4 trillion. However, it still has a long way to go until it manages to catch up with the yellow metal.

The cryptocurrency is also yet to surpass major companies of the likes of Alphabet and Apple by market cap.

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However, the market is poised for a potential uptrend in the upcoming weeks as we approach April- the scheduled month for Bitcoin halving. Will this renewed market recovery push the DOGE price to the $0.3 milestone?

Also Read: Dogecoin Price Gains Momentum as Whales Dive In, Is $0.3 Next Stop?

Rounding Bottom Pattern Sets DOGE For Prolong Rally

The Dogecoin price rebounded from its last correction in March’s fourth week as buyers suitable support at the 50-day EMA. The positive turnaround uplifted the asset from $0.122 to $0.21 high, registering 86% growth.

The rising price has also surpassed the last swing high of $0.192, providing buyers with the next stepping stone to prolong recovery. Amid the current consolidation trend in the market, the DOGE price sees a minor pullback of 8% in 72 hours currently trading at $0.21.

With a market cap of $30.2 Billion, Dogecoin holds its position as the 8th largest cryptocurrency as per Coinmarketcap.

However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.

Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin’s price is likely to align with the bullish pattern formation.

With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448.

Also Read: Top Analyst Predicts Bitcoin To Hit $75K, But There’s A Catch

Technical Indicator

• Exponential Moving Average: A sharp upswing from the fast-moving 20-day EMA indicates a high momentum rally which usually favors breakout traders.
• Average Directional Index (ADX): The ADX slope at 41% indicates the overextended rally may need some pullbacks to regain strength.

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Solana (SOL) Price Prediction 2024

According to our latest price prediction produced and curated by a team of experienced analysts, Solana Price is expected to move exponentially in 2024. The highest forecast for SOL in 2024 is $4,852.51 and the lowest at $4,054.59

It is anticipated that Solana price will be at an average price of $4,185.58 in 2024, setting the pace for higher levels in 2025.

• Minimum Price: By 2025, Solana could stabilize around a minimum of $4,054.59
• Maximum Potential: The upper limit might reach an impressive $4,852.51
• Average Trading Price: On average, expect Solana to trade around $4,185.58

In this blog, let us discuss whether the XRP price might recover or not.

XRP Price Analysis

XRP price has surged by 4% from yesterday and is currently trading at $0.6301 with a market cap of $34,670,435,874. Its trading volume has also seen a surge where the value has risen by 55%, pushing the value to $2,452,337,304.

This is not the best performance of XRP because, in March, the price surged to a high of $0.718. However, the current gains have also made a significant impact for investors.

Also Read: Ripple CEO Brad Garlinghouse’s Crypto Prediction For 2024

XRP has failed to achieve its all-time high value of $3.84, which happened around six years ago. It questions the current hike of the XRP as to whether it will succeed this time.

Top Reasons Why XRP Price Might Recover

After the SEC vs Ripple fight, the XRP moved barely before turning bullish a few days ago. Based on these bullish indicators, the XRP price might grow more over the next few days.

XRP Bullish Indicators

XRP entered April with an uptrend and has continued to move higher. Along with this, the Relative Strength Indicator is above 50, indicating the continuity of the upward trend. A similar trend was also seen in March, but the stimulus wasn’t enough for the price to recover.

Also Read: 3 New Augmented Reality Video Games You Must Try: Crypto Edition

The Ripple token has not been able to cross the resistance level of $0.65 for months. If it succeeds this time, the chances are higher for XRP to jump to $1.

A crypto analyst, Dark Defender had predicted XRP to cross the $5.85 mark after analyzing the XRP’s sideways pattern. After this analysis, he called April a life price-changing month, breaking the potential resistance to target the $1 followed by $1.88 and $5.85.

Upcoming Bitcoin Halving

A bull run is supposed to follow the Bitcoin halving event, where XRP can significantly surge over the days. The experts have anticipated an 80% surge once the halving events are over. The 80% surge will push the XRP price beyond the all-time high record due to the increased liquidity and bullish market sentiments.

Conclusion

Though the indications are not too strong for a full bullish push for the XRP price, the upcoming bull run will play a definite role in pushing the XRP price closer to its ATH value. The XRP community has waited for a year for this comeback even when a few questioned the existence of the crypto. It has to see how the next few days will shift the future of this Ripple token.

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