Connect with us

Ethereum

Ethereum (ETH) and XRP Price Poised To Have an Ultra Bullish Rally!

Published

on

Some crypto analysts believe that the Ethereum price rise would cause it to “flip” bitcoin in the immediate future, surpassing its total value.

Credible Crypto, a famous trader and analyst, predicts that the second- and fifth-largest crypto assets will rally in a similar fashion to Bitcoin.

Credible Crypto claims in a series of tweets that Ethereum is pursuing the same script as Bitcoin, which tripled in price after smashing through the 2017 peak.

Advertisement

He adds that,

Remember When BTC Crossed The $20,000 Barrier And Then Rocketed To $60,000 In A Matter Of Weeks? ETH, On The Other Hand, Has Decided To Play Follow The Leader. “$3,000 Is Just The Beginning.”

When a follower asks Credib

le Crypto for a price target for Ethereum, he says the second-largest cryptocurrency would cross “at least $8,000-$10,000.”

Advertisement

Ethereum is currently trading at slightly less than $3,500, implying that it could grow by 130% to 190% if Credible Crypto’s prediction comes true.

Advertisement

XRP Price

When XRP Price was valued between 90 cents and $1, the cryptocurrency trader and influencer bought a share. The price of XRP is currently $1.45. Despite the fact that he has sold a portion of his stake, the digital asset is now up between 45 and 60%.

If the fifth-largest digital asset by market cap retraces, Credible Crypto says he will raise his XRP stake.

Apart from Ethereum and XRP, Credible Crypto points out that Bitcoin is facing stiff resistance at $60,000 and could fall to $52,000, a level at which he can place the bids.

XRP price has been struggling for a few days after Ripple Labs released $1.6 billion in coins from its Escrow account. XRP is currently trading at $1.4930, down 25% from its April peak of $1.9830. It’s about 60% higher than where it was on April 23. It is also the world’s fourth-largest digital currency, with a total market capitalization of more than $67 billion.

Advertisement

Ethereum

Ethereum Challenger Terra Becomes Third-Largest Blockchain by Total Value Locked, Surpassing Solana and Avalanche

Published

on

Decentralized finance (DeFi) platform Terra (LUNA) has surpassed its rival blockchains to become the third-largest crypto by total value locked (TVL).

Crypto market intelligence firm Delphi Digital says that the Ethereum competitor has now overtaken Solana (SOL) and Avalanche (AVAX) in terms of TVL primarily due to value growth in Bonded Luna (bLuna), which is the token used by liquid staking protocol Lido as collateral to borrow stablecoin TerraUSD (UST) within the Anchor protocol.

“TVL on Terra network overtook Avalanche and Solana, making it [the] third-largest blockchain by TVL after Ethereum (ETH) and Binance Smart Chain (BSC).

Advertisement

It’s important to note that TVL numbers are highly reflective alongside native token prices as they are commonly used as collateral in DeFi and as base pairs for DEXes. In Terra’s case, DEX base pairs usually utilize Tether instead of LUNA, therefore this growth in TVL is primarily contributed by value growth in Lido bLuna.”

The TVL of a DeFi platform is the total value held within its smart contracts. It is calculated by multiplying the amount of funds locked into the network as collateral by the current price of the assets.

Delphi Digital points to how LUNA’s rise has helped Terra’s stablecoin UST increase its overall supply by 4 billion tokens due to a proposal to mint UST on the Terra network.

Advertisement

“The increase in UST Supply from under $3 billion to $7 billion across mid-November was due to this proposal to mint UST with LUNA in the community pool to grow the Terra ecosystem through UST usage.

UST did another ~$1 billion of growth in circulating supply after 19th November.”

LUNA is exchanging hands at $70.85 as of writing, an 46% increase from its 30-day low of $38.06.

Advertisement

News Source

Continue Reading

Ethereum

Fourth-Largest Ethereum Whale Pounces on Large-Cap Altcoin, Accumulating $580,000,000 in Crypto

Published

on

One mega-whale just loaded up on an Ethereum (ETH) token that powers a popular crypto marketplace.

The blockchain-transaction tracker WhaleStats reveals that the unnamed wallet received 14,000,000 FTT, the native token of the FTX exchange. The transaction was worth $581,444,018 at time of sending.

The whale now holds over $1.2 billion worth of FTT with a total value exceeding $3.8 billion and is now ranked fourth on the WhaleStats’ list of the top 1000 Ethereum wallets, excluding the ETH cryptocurrency itself.

Advertisement
Source: WhaleStats

Popular crypto analyst Smart Contracter is also showing interest in FTT, noting that the Fibonacci ABC spacing between sharp highs and lows on the coin’s historical chart offers encouraging signs for future price action.

The trader says in a tweet to his 196,000 followers,

“Been a long while since I played FTT but I actually think a major bottom is in and we go to [all-time highs] from here.

Perfect ABC on super-high timeframes where ABC came below the 0.618 and bull/bear periods are almost 1:1 extension.”

Advertisement
Image
Source: Smart Contracter/Twitter

In late October news broke that FTX had purchased advertising airtime during the February 2022 Super Bowl as part of a wider push to bring crypto awareness to the mainstream.

Last week FTX also announced the launch of a marketplace for Ethereum-based non-fungible tokens (NFTs).

At time of writing, the FTT token is mostly flat on the day and trading at $42.73.

News Source

Advertisement
Continue Reading

Ethereum

Top Trader Says Ethereum Looks Exceptionally Bullish, Unveils Targets for Bitcoin and Explosive Altcoin Terra

Published

on

A popular crypto analyst believes Ethereum (ETH), Bitcoin (BTC) and one altcoin are about to blast off and leave the recent market-wide slump in the dust.

The pseudonymous crypto strategist and trader Kaleo tells his 454,000 Twitter followers that ETH’s time to shine has arrived as the “king” of the layer-1 blockchain protocols.

The analyst says,

Advertisement

“ETH is so bullish after the most recent flush it’s not even funny.

We’ve seen a major rotation play among the alt [Layer-1s] the past few months.

It only makes sense that the king of the L1s finally has a chance to suck liquidity from the rest of the market and have a run of its own.”

Advertisement

Ethereum is about even on the day, trading for $4,346 at time of writing.

Kaleo next looks at Bitcoin and says he still believes the top crypto will reach at least $100,000 during the current cycle.

“I’ve said it before and I’ll say it again – I still expect to see Bitcoin have a parabolic move to top out at $100K+ this cycle.

Advertisement

I’ll gladly start scaling out around $150K. I expect it to go higher, but I’m not concerned with nailing the top. Until then, just keep stacking.”

Image
Source: Kaleo/Twitter

BTC currently sits at $50,900 after having battled back from a flash-crash low around the $43,500 level on December 3rd.

Lastly, the crypto analyst lays out his price prediction for the Terra (LUNA) protocol, whose native token LUNA underpins a suite of decentralized stablecoins.

Kaleo tells his followers that Terra reaching the $100 threshold is inevitable.

Advertisement

“LUNA going to $100 from here is only a matter of time.”

Image
Source: Kaleo/Twitter

LUNA has seen some wild price action in recent days, with the altcoin tumbling from $69.66 to $53.64 late last week before surging to $77.37 on Sunday.

The 10th-ranked crypto has since corrected but is back up 5% on the day to $70.74.

News Source

Advertisement
Continue Reading