{"id":629290,"date":"2024-07-11T18:30:47","date_gmt":"2024-07-11T18:30:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629290"},"modified":"2024-07-11T15:15:49","modified_gmt":"2024-07-11T15:15:49","slug":"analyst-predicts-major-gains-for-these-altcoins-but-warn-against-xrp-and-ada","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/altcoin\/analyst-predicts-major-gains-for-these-altcoins-but-warn-against-xrp-and-ada\/","title":{"rendered":"Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA"},"content":{"rendered":"

Amid the recent downturn in the global crypto market, a recent Crypto Banter Dylan\u2019s Trading Show session<\/a> has caught the eye with some bold claims regarding what comes next for Solana and Ethereum and some negative sentiment on XRP and ADA.<\/p>\n

Over the past years, crypto analysts in the industry have been discovering and analyzing patterns in the market because this could help them predict future directions. So far, a decrease in Bitcoin<\/a>‘s dominance is considered good for altcoins.<\/p>\n

According to the Crypto Banter Show analyst, this change could potentially signal more diversified investing in altcoins and a market bullishness towards lesser-known chains.<\/p>\n

Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?<\/a><\/div>\n

Focus on Growth: Altcoins to Watch<\/h2>\n

Despite the caution against investing in what is labeled ‘dead coins’ like XRP and ADA, Dylan’s Trading Show analyst expressed a more optimistic outlook for coins such as Solana and Ethereum.<\/p>\n

The analyst noted that if Bitcoin loses dominance, a series of massive moves upward could be in store for these altcoins.<\/p>\n

In particular, he forecasts that Solana<\/a> could find support levels around $137 to $139 should the market continue its current momentum without breaking key technical barriers.<\/p>\n

As for Ethereum<\/a>, the analyst discloses that ETH is approaching a critical juncture at the 200-day Moving Average (MA). If Ethereum breaks through and holds this level, it will trigger a domino effect to the upside, positively impacting small-cap altcoins.<\/p>\n

Should You Stay Away From XRP and ADA?<\/h2>\n

While the analyst has mentioned XRP and ADA as “dead coins”\u2014 which means they might not have much potential for growth in the near term,\u00a0<\/span>it is worth noting that these assets are still seeing their share of optimism and bullishness from their respective community.<\/p>\n

Earlier today, an analyst revealed the potential for XRP to experience a massive rally due to the emergence of “one of the tightest monthly Bollinger Band squeezes in its history.” According to the analyst, the last time this indicator was seen, “XRP shot up 60,000%<\/a>.”<\/span><\/p>\n

On the other hand, ADA is on the cusp of a new development with the upcoming Chang Hard Fork. IntoTheBlock states<\/a>, “before its previous hard fork in 2021, ADA<\/a> surged 130%, from $1.35 to $3.10 in just a month.\u201d This signals a possible price surge for ADA, reminiscent of past gains following significant updates or forks within the blockchain.<\/p>\n

Related Reading: XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst<\/a><\/div>\n

Overall, the updates above from the assets suggest potential upcoming volatility and price increases for both XRP and ADA, contradicting the analyst\u2019s view that they are “dead coins.”<\/p>\n

\"XRP
XRP price is moving downwards on the 2-hour chart. Source: XRP\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid the recent downturn in the global crypto market, a recent Crypto Banter Dylan\u2019s Trading Show session has caught the eye with some bold claims regarding what comes next for Solana and Ethereum and some negative sentiment on XRP and ADA. Over the past years, crypto analysts in the industry have been discovering and analyzing patterns in the market because this could help them predict future directions. So far, a decrease in Bitcoin‘s dominance is considered good for altcoins. According to the Crypto Banter Show analyst, this change could potentially signal more diversified investing in altcoins and a market bullishness towards lesser-known chains. Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? Focus on Growth: Altcoins to Watch Despite the caution against investing in what is labeled ‘dead coins’ like XRP and ADA, Dylan’s Trading Show analyst expressed a more optimistic outlook for coins such as Solana and Ethereum. The analyst noted that if Bitcoin loses dominance, a series of massive moves upward could be in store for these altcoins. In particular, he forecasts that Solana could find support levels around $137 to $139 should the market continue its current momentum without breaking key technical barriers. As for Ethereum, the analyst discloses that ETH is approaching a critical juncture at the 200-day Moving Average (MA). If Ethereum breaks through and holds this level, it will trigger a domino effect to the upside, positively impacting small-cap altcoins. Should You Stay Away From XRP and ADA? While the analyst has mentioned XRP and ADA as “dead coins”\u2014 which means they might not have much potential for growth in the near term,\u00a0it is worth noting that these assets are still seeing their share of optimism and bullishness from their respective community. Earlier today, an analyst revealed the potential for XRP to experience a massive rally due to the emergence of “one of the tightest monthly Bollinger Band squeezes in its history.” According to the analyst, the last time this indicator was seen, “XRP shot up 60,000%.” On the other hand, ADA is on the cusp of a new development with the upcoming Chang Hard Fork. IntoTheBlock states, “before its previous hard fork in 2021, ADA surged 130%, from $1.35 to $3.10 in just a month.\u201d This signals a possible price surge for ADA, reminiscent of past gains following significant updates or forks within the blockchain. Related Reading: XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst Overall, the updates above from the assets suggest potential upcoming volatility and price increases for both XRP and ADA, contradicting the analyst\u2019s view that they are “dead coins.” Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":629307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[12333,134,92736,12332,6664,10923,4531,78763],"class_list":["post-629290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-ada","tag-altcoin","tag-atcoin-market","tag-cardano","tag-crypto","tag-crypto-market","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Predicts Major Gains for These Altcoins But Warn 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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