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Showing posts with the label crypto analyst

Ripple: XRP Eyes $7 Despite Market Uncertainty, Here's How

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Ripple (XRP) continues to rake in impressions, climbing high on the radar as the markets steady ahead for the curve. As Trump’s reciprocal tariff stance ripples across, the global markets have been in a tizzy, with major market indicators flashing red. Despite the intense market pressure, one analyst believes Ripple (XRP) has the power to ace the market despite its prevalent uncertainty. Here’s how Also Read: Apple (AAPL): Why Experts Aren’t Panicked About Trump Tariffs Ripple to Target a New High Soon? Source: Capital.com Per Egrag Crypto, a notable cryptocurrency analyst, XRP is consistently rising up on the radar and may continue its kangaroo leap despite the current market pressure. As global markets dip, reacting to Trump’s aggressive tariff stance, XRP is holding on, currently stable at $1.79. However, Egrag Crypto noted that XRP must continue aiming for the $2 price mark for the trigger to gain momentum. “The shape and formation of the March 2025 candle is strikingly ...

Sui Foundation Says Infrastructure Partner Likely Sold Hundreds of Millions of Dollars Worth of SUI

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The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin’s insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution. “It does not bring comfort that the people building this ecosystem, the people who arguably know this token’s value best, are unloading hundreds of millions of dollars of token into less informed buyers chasing momentum. As some of us have learned, whether now or later, as with most of these games where retail buys from insiders, there is only one ending.” Source: Light/X However, the Sui Foundation says the sell-off came from an “infrastructure partner,” not an “insider.” “1. No insiders, neither employees of the Foundation or Mysten Labs (including Mysten Labs founders), nor ...

Analyst Michaël van de Poppe Says Solana Rival Has Upside Momentum, Maps Path Forward for Bitcoin and Ethereum

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A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential. Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month. “Altcoins are doing relatively well. SEI continues to find momentum, and I’d like to see it rally to $0.34 (preferably even above the previous high, but not expecting that yet), make a HL (higher low) and continue that rally to $0.44 in October.” Source: Michaël van de Poppe/X SEI is trading for $0.30 at time of writing, up more than 7% in the last 24 hours. Next up, the analyst says that Bitcoin (BTC) may soon reclaim the $62,000 level if it can flip $58,000 into support. “Bitcoin is doing what I wanted it to be doing. Great stuff, held above the crucial area of $56,000, and currently attacking resistance. If $58,000 breaks, then I suspect we’...

Ethereum Set to Pass $3,000 in 2024: Here's When

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Although the second-largest cryptocurrency by market cap has had a rather underwhelming few months, Ethereum is still set to surpass the $3,000 mark in 2024. Yet, the more important question is: when? The token, like much of the crypto market, has struggled with increased volatility. Traders expected that to change with the landmark arrival of Spot Ethereum ETFs this year. Becoming the second crypto-based ETF in the US, it has high hopes following Bitcoin’s success. Those products have also been underwhelming, but their turnaround could be massive for the asset itself. Also Read: Ethereum in Classrooms: Argentina’s Bold Move Sparks Crypto Revolution ETH to $3,000? Why It is Still Likely in 2024 Ethereum is firmly entrenched atop the crypto market. Standing as the second most valuable crypto behind only Bitcoin, there is no question it is likely to remain there for eth long haul. However, 2024 has proven to be filled with some important highs, and notable lows. During August, it ha...