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Showing posts with the label correction

Ripple: XRP Outperforms Bitcoin & Dogecoin: Will It Hit $2 Soon?

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Ripple’s XRP token is currently outperforming the top 10 projects by market cap in the daily charts. The asset is also outperforming Bitcoin (BTC) and Dogecoin (DOGE) in the weekly charts. XRP’s weekly performance is only bested by Cardano (ADA), which has risen by more than 20% in the last week. Also Read: Amazon: Can AMZN be the 4th Company to Hit $3T Market Cap? XRP’s Latest Gains Source: CoinGecko XRP’s price is up 5% in the daily charts, 12% in the weekly charts, 93.4% in the 14-day charts, and 197.3% over the previous month. The asset’s price has also risen by 155% since late November 2023. XRP breached the $1 mark earlier this month for the first time since November 2021. Also Read: De-Dollarization: Countries That Are Cutting Ties With the US Dollar Can The Asset Hit $2 Soon? According to Changelly, Ripple’s XRP token will face a correction over the next month. The platform anticipates the asset to fall below the $1 mark by the end of December...

Is Bitcoin’s bull market over?

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Bitcoin (BTC) has retreated further from the highly anticipated $100,000 milestone, raising questions about the asset’s sustainability of the current bull run. The maiden cryptocurrency has plunged over 5% in the last 24 hours, trading at $91,950 as of press time.  On the weekly timeframe, BTC has corrected by a modest 0.13%, with the $90,000 level remaining a key support zone to watch. A drop below this spot could signal further losses as the post-election momentum appears to be fading. Picks for you The FBI’s Silk Road Bitcoin is now worth $6.4 billion 33 mins ago Top 2 crypto stocks to keep an eye on for 2025 1 hour ago Bitcoi...

Is It Too Late To Buy SCAT? SimonsCat Price Skyrockets 77%, And This Might Be The Next Crypto To Explode

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The SimonsCat price skyrocketed 77% in the last 24 hours to trade at $0.0002798 as of 4.30 a.m. EST on trading volume that soared 5,442% to $5.9k. SimonsCat is a fairly young project that has been around for only a few months now, debuting in August of this year. After high activity in August and September, the project has mostly been trading sideways until now, when its activity started picking up again. However, for many, it represents a low-cap crypto, currently with a market cap of only $20.8k, which has the potential to go big. The project was inspired by the iconic Simon’s Cat animation, and it comes as a meem coin meant to capture the playful spirit of the popular feline. Some view it as a high-potential meme coin that managed to evade detection of the market amid the meme coin explosion, making it a project worth considering, especially now when the market is blowing up, and investors are looking for hidden gems throughout the industry. SimonsCat Price Prediction Rig...

Here is when the next Bitcoin price correction is coming

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After gains that have seen Bitcoin (BTC) briefly surpass the $44,000 threshold recently, investors might be looking at a potential price correction soon that can be damaging in the short term. However, a correction can be positive, adjusting overvalued asset price s and providing buying opportunities. Technical analysts examine price support and resistance levels to anticipate transitioning from a reversal or consolidation to a correction . Technical correction s occur when there is excessive inflation in an asset or the overall market.  According to the analysis of the daily and the three-day charts of the Bitcoin price movement, the following BTC price correction might be coming within the next 48 hours, as per a post on X by cryptocurrency analyst Ali Martinez on December 5. BTC price one-day and three-day charts. Source: Ali Martinez Investors might be wondering to which level Bitcoin will drop during this retracement, and based on another analysis by Martinez on December ...