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XRP Eyes $2.37 as Multi-Year Symmetrical Triangle Signals Potential Breakout

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XRP is attempting to break out of a multi-year symmetrical triangle formation, which may signal the beginning of a noteworthy rise for the cryptocurrency. Market observers continue to keep a close eye on XRP’s price changes and track its progress. Leading analyst World of Charts reports that the asset is attempting to break over the multi-year symmetrical triangle formation’s $0.6201 resistance level.

Over the course of the previous week, XRP managed to momentarily break out of the triangle and hit $0.67, but the market’s ongoing volatility prevented it from maintaining its momentum. When Ripple’s price was looked back upon, it showed significant swings, plunging from a high of $1.4120 in September 2021 to as low as $0.5067 in June of the same year.

Ripple has had difficulty maintaining steady growth despite sporadic spikes, such as a noteworthy increase to $0.8875 in July of the previous year in response to Ripple’s court victory against the US SEC regarding Ripple’s categorization as a security. XRP has not been able to break above $1 since its drop to $0.2883 in July 2022, disappointing its community members with its failure to maintain upward pace.

Ripple XRP Holder Exodus Triggers Decline in XRP Price

XRP’s price dropped to $0.62 on Friday, although it was still above the psychologically important $0.60 barrier in spite of more altcoin holders taking profits. With a crucial deadline in the current SEC vs. Ripple legal fight set for March 22, Ripple is expected to record minor losses as the week comes to an end, retreating somewhat from its recent price recovery. In March 2024, holders of XRP have made $370 million in profits; this could be the main reason for the recent price adjustment that has been witnessed.

XRP
XRP Eyes $2.37 as Multi-Year Symmetrical Triangle Signals Potential Breakout 2

Santiment’s on-chain data indicates that holders of Ripple have profited steadily throughout March, which corresponds with the altcoin’s rise to a Tuesday peak of $0.6685. The SEC v. Ripple lawsuit’s remedy-related discovery phase is set to begin on March 22, which is rapidly approaching and emphasizes the importance of the latest developments. The price of XRP has dropped in spite of rising trade demand, which is probably due to traders selling when they see possibilities to profit.

Ethereum Investors on Cloud Nine: 94% in Profit, ATH Within Sight

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The daily transaction income generated by the Ethereum network has increased by 35% from a year ago to over $1 million. To be a validator and receive payment or yield, participants can stake their assets. Ethereum’s peak was $4,729, and it is still about $1,000 away. ETH addresses in profit have exceeded 94.3% with little resistance to retest its prior ATH of $4,891.70 following its recent climb to a 52-week high of $3,958.

According to data from the cryptocurrency analytics platform IntoTheBlock (ITB), there are 104.71 million Ethereum addresses that are profitable. This is ETH’s highest level in almost a year, and the cryptocurrency is noticeably lagging behind the positive trajectory that Bitcoin started once its spot Exchange-Traded Fund was approved.

Approximately 6.33 million addresses, or 5.7% of all platform addresses, are currently at the break-even point, according to the analytics platform. The range of this break-even is $3,903.45-2,811.59. Despite the fact that Ethereum has gained 4.31% in the past day to trade at $3,949.90, the 6.33 million addresses that own 2.83 million ETH are not inclined to sell right away.

Ethereum’s price is in a favorable position for a possible continuous rally because there is not much selling pressure on it. The $10.4 billion whale trade volume overnight suggests a rebound in mood that may help ETH’s efforts to hit an all-time high once more.

Ethereum Accumulation Patterns Indicate Impending Rally Over $4000

Traders of Ethereum are celebrating today’s 5% increase, which has moved the coin closer to the crucial $4,000 mark. The market’s optimistic sentiment and the significant accumulation of Ethereum are driving this noteworthy upward surge, indicating a possible upward trajectory for ETH. Moreover, talks about a potential future price increase for ETH have been sparked by the second-largest cryptocurrency’s robust accumulation.

Ethereum
Ethereum Investors on Cloud Nine: 94% in Profit, ATH Within Sight 4

Ethereum accumulation has increased recently, according to statistics from blockchain tracking company Spot On Chain, providing a strong foundation for the cryptocurrency’s price increase. Wallets linked to Pulse Chain and Pulse X have acquired a significant quantity of ETH in the last few days, amounting to 163,295 ETH, or almost 620.7 million DAI.

Significant on-chain ETH acquisitions connected to Pulse Chain/X wallets are highlighted by Spot On Chain, which is noteworthy. According to the most recent report, 59 million DAI were used to acquire 15,003 ETH today, for a total of 163,295 ETH over the course of four days. This represents an estimated $24.3M in unrealized profit at an average price of $3,801.

The market is also feeling optimistic about ETH’s future performance due to a flurry of other variables, like the anticipated Dencum upgrade and the prospect of an Ethereum ETF, among others. The improvement intends to improve scalability, lessen transitions on layer networks, and alleviate congestion. Additionally, investor confidence is increased by the expectation of an Ethereum ETF, subject to SEC approval.

Polkadot (DOT) Set to Rise 50% by Next Week, Envisioning $15 Milestone

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With a current bullish cycle, the Polkadot ecosystem, currently valued at billions, offers promise for additional growth. On-chain data from subscan shows that DOT has 3.1 million accounts, with about 1.2 million users holding those accounts. Polkadot recently achieved a milestone not seen since May 2022: $10. After that, the platform maintained single-digit values for almost 20 months.

Polkadot
Polkadot (DOT) Set to Rise 50% by Next Week, Envisioning $15 Milestone 7

This month, the cryptocurrency saw a notable uptick in bullish activity as Bitcoin broke beyond $69,000. As Bitcoin crosses $60,000 for the first time in more than two years, the altcoin market is progressively starting to show signs of optimism. In order to enable safe communication between various blockchains at scale, layer zero blockchains have evolved; over the past several years, Polkadot’s (DOT) ecosystem has thrived in this space.

Polkadot (DOT) Poised for 50% Surge

Polkadot has been showing signs of improvement lately; over the past 30 days, the coin has increased in value by 54.79%. DOT’s medium-term trend has been positive; over the past three months, DOT has increased by 57.68%. DOT has a promising long-term outlook; as of right now, DOT is showing an 85.90% 1-year price change. Last year on this day, DOT was trading at $5.61.

Polkadot
Polkadot (DOT) Set to Rise 50% by Next Week, Envisioning $15 Milestone 8

According to leading on-chain analytics and price prediction company CoinCodex, PolkaDot may increase by an additional 50% this month. According to price projections, DOT may soon hit a new annual high of $15. DOT is expected to reach $15.57 in the middle of March. Therefore, if the prediction comes true, a $10,000 investment may become $15,000 this month.

On November 4, 2021, Polkadot’s price achieved its highest point ever, peaking at $54.98). As of this now, the DOT cycle high is $10.98, and the cycle low is $3.59. Recently, DOT has shown a lot of volatility; the coin’s 1-month volatility is 10.98. In the past 30 days, 22 green days were reported by Polkadot. This month, DOT is showing good volatility, which will give day traders plenty of opportunity to exit the market profitably. They have an opportunity to make strong returns because the day’s highs and lows are both greater than $2.

Shiba Inu Unveils Long-Awaited Product with 69% Off!

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With the help of partner D3 Global, the Shiba Inu development team has finally released the eagerly awaited SHIB-themed product “SHIB Names,” which offers aficionados discounts of up to 69%. Early access to the eagerly awaited SHIB Names has been formally launched by Shiba Inu’s domain name partner, D3 Global. D3 Global revealed this information to the public in a recent post on X, wherein they stated that the registration gateway is currently operational.

Similarly, the development team of Shiba Inu confirmed the launch on X and mentioned that fans of SHIB can take advantage of a special coupon code that gives them a 69% discount on SHIB Name bookings. By using the discount code “SHIBARMY,” you can register for a SHIB Name officially at “https://d3.app/shib.”

Interestingly, customers who add up to 20 SHIB Names to their first purchasing cart might get a one-time 69% discount. Per the announcement, this deal will be available for use during the first 69 hours after early access opens.

In the meantime, several well-known Shiba Inus will reveal their customized voucher in the next several days. It will come from Shytoshi Kusame, Lucie, The Shib Magazine, Sheboshi, Shiboshi, and other sources, for Shiba Inu enthusiasts.

Many innovations are underway to provide Shiba Inu enthusiasts with enough benefits from their SHIB Names, according to Shiba Inu partner D3. Providing a basic multichain wallet address that is usable on several blockchains is part of it. Additionally, it provides a cross-platform login that may be used on several Web3 platforms, including SocialF, GameFi, and DeFi.

Shiba Inu (SHIB) Hits Stratospheric On-Chain Achievement

Because so many people own the well-known meme coin Shiba Inu, among other reasons, developments surrounding SHIB continue to be some of the most fascinating subjects for cryptocurrency enthusiasts.
On March 7, the self-declared Dogecoin killer gained media attention due to the advancement of Shibarium, its layer-2 blockchain solution.

According to data, the network’s overall transaction volume has topped 400 million. Shibarium’s marketing strategist, LUCIE, complimented the community for its effort and acknowledged the accomplishment. There are already more than 1.3 million wallet addresses on the network, and earlier this week, there were more than 3.5 million total blocks.

Pepe Coin on the Brink of a 60% Upswing: Insights on the Schedule

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Pepe Coin is one of the many cryptocurrencies competing for attention; it has proven to be a remarkable performance. Its voyage had a tremendous surge throughout February; in just one week, its price increased by an astounding 255% to reach $0.0000041. The rapid expansion of this meme coin highlights the general excitement surrounding it.

It is clear from examining the weekly and daily chart patterns that Pepe Coin has the capacity to expand steadily and that its rising trajectory is not just a passing trend. However, PEPE is predicted to rise by 60% and reach $0.0000104 due to the resurgence of interest in meme currencies.

Pepe Coin
Pepe Coin on the Brink of a 60% Upswing: Insights on the Schedule 10

PEPE has proven that it is superior than meme coins like Dogecoin and Shiba Inu by breaking through prior resistance levels that impeded its prior rallies. Changelly analysts predict a significant 60% increase for Pepe Coin. Based on their calculations, PEPE might be able to drop a zero and increase in price from $0.00000671 to $0.0000104 by January 2026.

But a resurgence of bullishness in the market can accelerate this process. With strong trade volumes signaling a big breakout, PEPE’s impressive value growth has propelled it into the top 50 crypto assets by market capitalization this week. According to analysts, this milestone is only the beginning of what could prove to be an extraordinarily tough climb for the nascent initiative.

Pepe Coin Surges to Lead Meme Coin Pack Amidst Market Rally

The statistics showed that trading volumes for tokens with frog themes increased to all-time highs of USD 3.6 billion. Among these currencies, Pepe Coin showed noticeably bigger growth than meme tokens like Dogecoin and Shiba Inu. Pepe Coin stood out during this wave of interest, coming in third position behind Dogecoin (DOGE) and Shiba Inu (SHIB) in meme coin rankings. According to the weekly chart, Pepe’s value is still above the crucial resistance level, indicating that the market is confident and that there may be further gains ahead.

Experts predict that bullish momentum will probably test the upper resistance level of USD 0.00000315 if the market breaks through the barrier level of USD 0.00000280. Furthermore, if positive enthusiasm remains strong, Pepe coin may reach its upper limit of USD 0.00000350. For individuals used to the fickle world of online meme culture, Pepe Coin presents a potentially profitable investment opportunity because of its substantial value changes caused by community emotion and endorsements.

Shiba Inu’s Shibarium Hits 400M Transactions Milestone

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Due to a notable price surge, the second-largest meme coin recently attracted a lot of attention. Based on statistics from CoinGecko, Shiba Inu is presently worth $0.00003253, a 230% increase over the last 14 days.

Over the past 24 hours, the trading volume of Shiba Inu has exceeded $5 billion, outpacing the trading volumes of alternative coins such as Dogecoin (DOGE), Cardano (ADA), Ripple (XRP), and others. There has also been a notable upsurge in the burn rate, which increased by 30,000% at one point last week.

The recent increase in the price of SHIB offers investors a chance to make substantial gains. But because of the industry’s well-known volatility, trading meme currencies like SHIB also entails a significant loss of capital.

Shiba Inu’s Shibarium Sets Record

Based on the information Lucie gave earlier today, 400,096,901 (400.09 million) transactions had been completed by Shibarium. Interestingly, in the hours preceding the current time, this number has increased to 400,253,293 (400.25 million). Shibarium has surpassed the 400 million transaction milestone, despite a notable decline in daily transactions.

Shibarium averaged five to seven million transactions a day in December. But the number of daily transactions fell to about a million earlier this year. At the time of reporting, 1.81 million transactions were made on Shibarium each day.

In less than seven months since Shibarium went live on the mainnet, there has been a notable increase in the overall number of transactions. It should be noted that Shibarium’s mainnet launch had some early issues, which caused it to go down for two weeks. Shibarium’s low costs are one of the main factors contributing to the spike in transaction volume. The lowest transaction costs that users can anticipate paying are as low as 0.0000219 BONE ($0.000021), which is much less than the fees levied by the majority of well-known blockchains, including Ethereum and Bitcoin.

Furthermore, the committed community members of Shiba Inu have been instrumental in propelling Shibarium’s transactions. By encouraging others to use Shibarium or by using it themselves, these enthusiasts have made a significant contribution to the projects developed by Shiba Inus becoming widely used.

Shiba Inu Investors Reveal: 77% Maintain SHIB Holdings for Over 1 Year

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The current price of Shiba Inu is $0.00003892, and 84% of SHIB holders are profitable, according to data from IntoTheBlock. On the other hand, only 12% are losing money, which suggests that they bought at higher prices when they first joined the market. Furthermore, 4% of SHIB holders are at break-even, meaning they are neither making a profit nor suffering substantial losses.

Shiba Inu
Shiba Inu Investors Reveal: 77% Maintain SHIB Holdings for Over 1 Year 13

Furthermore, according to IntoTheBlock’s data, the majority of Shiba Inus have held their positions for more than a year. To be more precise, only 20% of SHIB investors purchased the asset in the last 12 months, whilst 77% of investors purchased it more than a year ago. Just 3% of holders are new to the Shiba Inu market and have held the asset for less than a month.

A standout performer in the current upbeat market is Shiba Inu. Shiba Inu had an incredible 78.3% increase to a 24-hour high of $0.00004533 as of the most recent update. Ten days ago, at roughly $0.000009, the asset broke above the bullish mark. It has experienced a remarkable increase of more than 350% since then, essentially tripling holders’ investment portfolios.

Shiba Inu Prices Take a Steep 50% Dive on Coinbase

Over the last day, the tokens have surpassed their counterparts’ trading volumes, with over $1.7 billion worth of trades made on the regulated market. The price of Shiba Inu (SHIB) briefly dropped by 50% on the American market Coinbase (COIN) in the early hours of Tuesday in Asia. But the pricing quickly went back to normal, which was not like this at all.

Shiba Inu
Shiba Inu Investors Reveal: 77% Maintain SHIB Holdings for Over 1 Year 14

SHIB had a decrease on Coinbase from $0.000044 to $0.000022 as a result of a larger sell-off driven by major tokens like bitcoin (BTC). On the other hand, prices on Kraken and Bybit were steady at $0.000036 on average, indicating that the Coinbase decline was an isolated incident.

These decreases usually occur when a sell order surpasses the market depth, or liquidity, that is accessible at a given moment on a given exchange. On Coinbase, SHIB has a $1.2 million market depth as of the early hours of Europe.

Bitcoin (BTC) Projections Hint at $87,000 Milestone

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Due to restricted supply of the most popular cryptocurrency in the world and improved trading accessibility, Bitcoin achieved a new height on Tuesday, surpassing $69,000. The price of it increased to $69,191.94, above its November 2021 top of $68,991. Investor money flowing into U.S. spot exchange-traded cryptocurrency products and the anticipation of future declines in global interest rates drove this increase.

Investor interest surged after the Securities and Exchange Commission approved 11 spot Bitcoin ETFs in late January. However, there was a following collapse in the market, and BTC was trading at lower prices.

With Bitcoin starting to soar, will the most popular cryptocurrency eclipse its previous high of $69,191? This piece will dive into a price prediction, exploring the possible highs that BTC could hit in the upcoming year or longer.

Bitcoin (BTC) Growth Outlook

The incredible 160% increase in Bitcoin since October, including a startling 44% leap in February alone, stands in stark contrast to the 2022 crypto winter.

Finder‘s team of cryptocurrency experts believes that BTC could rise above $69,044 in the future. Based on Finder’s study, Bitcoin might reach a maximum value of $87,125 at some point in 2025. From its present value of $65,000, this prediction shows a possible increase of almost 35%, providing investors with a favorable return on investment (ROI).

Bitcoin
Bitcoin (BTC) Projections Hint at $87,000 Milestone 16

Therefore, if Finder’s prediction comes to pass, a $10,000 investment made today would potentially earn $13,500. In determining its price estimate, Finder’s methodology heavily weighs Bitcoin’s past performance as well as the impending halving event. Furthermore, this month saw a further climb in the market value of Bitcoin beyond the $1 trillion mark.

The rebound in the value of BTC and the cryptocurrency market as a whole can be ascribed to the expectation of a possible rate cut by the Federal Reserve in addition to higher demand from a wider range of investors. These actions frequently cause investors to reallocate funds to investments with better yields or more volatility.

Analysts believe that in the run-up to the planned halving event in April, there has been a noticeable increase in interest in bitcoin in particular. This four-year cycle is characterized by a decrease in both the rate of token release and the incentives that miners receive.

Cardano’s Advance: Closing in on $1, 28% Remains

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The eighth-largest cryptocurrency by market capitalization, Cardano (ADA), has been rising steadily in recent weeks, reaching a high of $0.799 on March 4. ADA experienced a remarkable 3,217% increase from November 2020 to August 2021, hitting record highs of $3.08 before going through a period of consolidation. But after this spike, the price fell, which made Cardano decide to start consolidating again. Many cryptocurrency experts are analyzing ADA’s future course, and many of them have positive predictions about when it will finally cross the $1 mark.

Ssebi, one such analyst, has presented a unique study that emphasizes the possibility that ADA may soon approach $1. Ssebi has gone into detail about how, given the present momentum in the season’s ongoing bull cycle, Cardano is predicted to climb tenfold.

The well-known expert published a chart on X that shows how Cardano is only 28% of the way to hitting $1. According to the supplied graph, it appears that ADA has reached $0.78076. Ssebi believes that if the current bull market continues, it won’t be long until ADA crosses the $1 threshold. Ssebi also mentioned the following on his tweet,

Based on statistics from CoinMarketCap, the price of ADA is currently $0.76, which represents a 1.54% decrease over the last day. According to analysis, Cardano has risen significantly over the last 30 and 7 days, by 54% and 23%, respectively, during the current bull market.

Cardano Price Trend Points to Significant 2,084% Upsurge

As ADA gains traction, investors are keeping a watchful eye out for the possibility of significant price fluctuations. Cardano looks to be following a trend reminiscent of its prior bullish cycle, according to cryptocurrency analyst Ali. Based on this historical pattern, Ali hypothesizes that if ADA keeps going in the same direction, there may be a little down in price before a possible steep rise towards the $10 mark. At the time of writing, the value of ADA had increased by 24.26% for the week, but had decreased by 0.41% during the previous 24 hours to settle at $0.772.

If ADA were to rise to $10 from its current levels, that would represent an astounding 2,084% increase. Ali noted in a tweet over the weekend that Cardano’s upward trend seems to be sustainable, citing a notable increase in the number of daily active ADA addresses, transaction volume, and transactions from ADA whales. This increased activity is indicative of significant network participation and investor enthusiasm, both of which are favorable signs for continued growth.

XRP Power: Trader Turns $20K into $1.7M, Credits XRP for Life-Altering Opportunity

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On Tuesday, the price of XRP increased to a peak of $0.6685 before declining to $0.6410. Following the recent surge in Bitcoin, the price of Ripple looks to be trending upward and has managed to hold above the psychologically significant level of $0.60.

On-chain data indicates that huge wallets, which have amassed XRP since the beginning of March, appear to be the driving force behind the recent Ripple surge. Retail merchants, meanwhile, seem to be profiting from the recent price surge.

Fous’s revelation coincides with a period of general pessimism regarding Ripple due to its recent underperformance in comparison to its competitors. A user on the X platform, intrigued by his disclosure, asked Fous if he still had the Ripple he had last year. Fous has not yet replied to this query as of the time of publication. In addition, a sarcastic reviewer said that XRP altered his life and that he used the money he saved to invest in other coins with promising performance.

XRP Success Story

A seasoned trader with more than 20 years of experience recently talked about how he rose from Ripple’s modest beginnings to become a millionaire in the cryptocurrency world. “Wolf Principles” author Cameron Fous revealed how XRP helped him make significant profits and break into the crypto billionaire club. In a recent article on X, Fous provided further details about his experience with Ripple and answered questions on his early profits in the cryptocurrency market.

He got back into cryptocurrency trading after a buddy advised him to buy XRP in late 2019, when the price of Ripple had dropped significantly. Fous disclosed that he joined the market at $0.2 for XRP.

Later on, the asset appreciated to $1, which turned his $20K investment into $100K. This happened as a result of his $20K purchase of XRP at $0.2, which increased in value to $100K when Ripple hit $1. This story fits with the chart data, which shows that from November to December 2019, Ripple traded between $0.1750 and $0.2320.

Remarkably, by April 2021, XRP had risen above $1, peaking at $1.96 during the spike. Fous stated that he made other investments with the $100,000 he received from his Ripple investment. He asserted that after 420 days of trading several cryptocurrencies, the value of his portfolio shot up to $1.7 million.