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TL;DR
- Bitcoin (BTC) has seen increased volatility and is currently trading just south of $70,000.
- Despite a 10% two-week decline, analysts remain bullish on Ripple (XRP) and expect significant future gains due to the impact of the upcoming Bitcoin halving and the outcome of Ripple’s lawsuit against the SEC. is predicted to rise.
- Dogecoin (DOGE) experienced a 30% price increase within a week, coinciding with a significant transfer of over 1 billion DOGE by an unknown whale.
BTC price fluctuation
Over the past few days, the prices of major cryptocurrencies have been extremely volatile. It opened this week at around $66,500, but within hours it had soared to more than $71,000. This surge comes on the heels of Robert Mitchnick, head of digital assets at BlackRock. explained BTC acts as a good diversifier for your portfolio.
The cryptocurrency continued to gain momentum and hovered around the $70,000 level. This positive trend changed yesterday (March 27) when the price fell to $68,500. The asset has rebounded further in the past few hours and is currently trading around $70,000 (according to CoinGecko data).
The community is optimistic that another significant surge will occur soon.A recent poll started by popular X user PlanB revealed More than 70% of participants believe BTC could cross the $100,000 level this year. 18% believe this could happen in 2025, but less than 5% expected asset prices to rise less significantly.
How is Ripple (XRP) doing?
Ripple’s token has been underperforming in recent days, with the price dropping 10% on a two-week scale. However, as always, pro-XRP analysts are undeterred by the negative trends and are predicting a spectacular comeback in the near future.
X User Mikybull Crypto I envisioned it An increase between $1 and $6 based on the assumption that the asset “has finished retesting and is now preparing for an explosive rally.”
Financial expert and investor Vander Aljarah also contributed his two cents, saying, “Altcoin season has not yet peaked and Bitcoin is about to halve, so we are at the beginning of a bullish cycle.” Investors should not sell their XRP holdings because of this.
“Understanding market cycles is essential for wise investment decisions. It has not even started yet. The peak will be in 2024-2025,” he added.
of cut in halfThe plan, scheduled for next month, will cut in half the rewards miners receive for validating blocks on the blockchain, reducing the time it takes to create new coins. This event will increase the scarcity of BTC and may increase its value in the future. Historically, this has been followed by massive bull runs in major cryptocurrencies and the overall market.
Another factor that could positively impact the price of XRP in the coming months is the resolution of the lawsuit between Ripple and the US SEC. Judgments between entities are It is scheduled April 23rd, but there is a possibility that there will be an appeal from both sides. I might be late Results expected by 2026 (according to ChatGPT).
To observe additional factors that indicate that XRP is on the verge of a price explosion throughout 2024, be sure to watch the exclusive video below.
DOGE gathering
Last but not least, I would like to mention Dogecoin (DOGE), the largest meme coin that has been doing well recently. Prices rose 30% in one week, coinciding with increased whale activity.as crypto potato reporta mysterious person (or entity) recently transferred over 1 billion DOGE (equivalent to over 195 million at current rates) to an unknown wallet.
Some DOGE supporters welcomed the move, assuming it could be a harbinger of further significant price increases. Some pointed to Tesla CEO Elon Musk and wondered who was behind the transfer.
The world’s richest man is an avid supporter of meme coins, frequently extolling their merits. He said two weeks ago that Tesla may accept DOGE as a payment method “at some point.” Musk also promised to continue supporting the token, adding, “Dogecoin to the moon.”
The asset is currently trading just south of the $0.20 level, with some analysts predicting a rally to the $1 milestone. One example is DonAlt. claimed Based on the way it trades with Bitcoin, “the chances of Dogecoin rising to $1 are not very low.”
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