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Bitcoin (BTC) Bulls Eyeing $130K: Will It Reach New All-Time Highs?

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  • The $102,000 resistance level is critical for Bitcoin, with a potential breakout pushing the price toward $120,000 and higher.
  • A compression pattern on the 1-hour chart indicates Bitcoin could break out soon, with $120,000 as a key target for further gains.
  • Following a CME gap at $111,000, Bitcoin might experience a brief pullback before resuming its upward momentum, based on historical trends.

Bitcoin (BTC) is currently trading at around $102,000 and this has created varied emotions within the market. The crypto community is split between those who think that the bull market is over and those who think that Bitcoin has huge potential.

In a recent YouTube video, Crypto Rover pointed out that the BTC has peaked around 275 days after each halving, so there might still be plenty of time left in this bull market. As the year comes to an end, BTC traders and investors watch the current strengths and weaknesses in an effort to predict the next big shift. 

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Source: Chart by Crypto Rover

Bitcoin’s immediate barrier is at the $102,000 level, a crucial Fibonacci extension point. The price of BTC has again been rejected at this level severally but Rover thinks that once the price breaks this level, then a rally could occur. As Bitcoin pressed against the $102k level, many market participants are preparing for price growth. The following primary barrier is $120,000, and if this level is violated, it is probable that BTC will continue to rise to the next level at $130,000.

Key Levels for Bitcoin Breakout

In the short-term, BTC is in a compression pattern in the 1-hour chart with support line that is ascending and a resistance line that is descending. Such a scenario will create a breakout once the price of BTC crosses these levels which will define the next direction. A move above $120,000 would indicate that BTC is shifting to the next leg of its upward trend while failure to defend important levels may result in a correction.

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Source: Chart by Crypto Rover

The other thing to watch is the current position of Bitcoin regarding the CME gap observed earlier this week. Bitcoin has reclaimed the gap at $111,000, which has been a traditional region that has seen sell-offs. Many traders believe that as the weekend goes on, BTC may come back to close the gap before heading higher next week. Historically, such gaps have been filled 90% of the time, meaning that BTC may retrace a little before moving up.

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Source: Chart by Crypto Rover

From a wider perspective, the prices of the digital currency have been showing steady progression in the upward trend. A bullish crossover at the MACD indicator indicates that the momentum will be sustained in the following year, 2024. Also, the overall market is led by BTC while the altcoins, especially the rest of the coins, make slower movements.  

Long-Term Bitcoin Outlook

In the long term, the BTC is still one of the most promising assets in the financial world. According to analysts, Bitcoin has undergone the usual cycle of trading that indicates it may hit new highs in the next few months with $120,000 and $130,000 as its next targets. At the current stage, as cryptocurrency is holding above critical support levels, the probability of a rapid decline is not high and even in case of negative developments on other assets, the price of BTC remains stable.

Bitcoin is in a crucial zone at the moment with significant barriers at $102,000 and $120,000. However, if the price breaks out above these levels, this could be the beginning of a new movement that could take the BTC price to new all-time highs. 

XRP Faces Short-Term Setback: Will It Bounce Back To $3.00?

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  • Despite a 2.37% drop to $2.41, Ripple’s XRP long-term bullish trend persists, with no lower lows or highs on the weekly chart.
  • Testing support between $2.33 and $2.40, XRP may bounce if it holds these levels, but a break could lead to further declines.
  • Breaking above $2.62 could drive XRP toward $3.00, while resistance at $2.90–$3.00 remains a crucial obstacle.

Ripple XRP  has been down by 2.37% and as of press time trading at $2.41 with the past one week showing a decline of over 4.67%. None the less, there is a certain long-term bullish trend of the XRP, which is why the recent short-term setbacks should not be overemphasized. The weekly chart has no lower lows or lower highs; this still supports the above view of the medium-term trend.

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Source: TradingView

XRP Faces Short-Term Setback

In the last few days, the price of XRP has been subjected to a short term bearish pull back while being in the midst of an upward trend. The altcoin is then touching the major support level at between $2.33 and $2.40. This is the level that if XRP manages to hold above this range, then we may see the price bounce higher. But if it cannot hold these levels the next level of support is seen between $2.00 and $2.23.

A break and close above $2.40 could open up a further advance. The following major retracement level is at $2.62. A move through this level could open the way for token to retest $3.00 and possibly its all-time high at $3.25.

Certainly, the most important resistance level at which traders and investors will be eyeing is the $2.90 to $3.00 range. A price rejection may happen if coin is unable to penetrate this range. On the flip side, support is still found at $2.33 and $2.40. A break of this level would allow for more downside follow through with the next level of support being seen between the $2.00 and $2.23.

Besides these critical levels, the upper boundary of the current XRP’s trend channel also strengthens this. If the price breakout occurs, then an aggressive rally may follow but this all depends on the market trends of the coming days.

Critical Support and Resistance

Alan Santana has posted his analysis and  revealed that at the end of the yesterday trading, XRP was in a neutral zone. The market conditions are still the same and there is potential for cryptocurrency to hit new highs soon.

The analyst pointed out the levels for short term failure that can be seen on the chart. A break below $2.36 or $2.17 in the near future will put a question mark on the current bull run. Any technical outlook bullish would be rendered entirely null if price closes below $1.96 on a daily basis. On the other hand, if token is to trade above these levels, then the bullish trend is still very much in play.

Traders should pay particular attention to these levels in the next few days. If XRP can manage to stay above $2.40, a move towards $2.62 may very well kick off a recovery. But any move below $2.33 should open up further losses.

Although Ripple’s XRP has experienced a short term bearish trend, the long term trend line is still bullish. If the price remains above the main support levels, the price may rise to $3.00. Traders will need to look at the price behavior around $2.40 and $2.62 to see the next direction likely to be taken. The situation remains promising, and short-term fluctuations will be decisive for the further actions with XRP.

XRP’s Bullish Surge: Will $4.68 Be the Next Milestone?

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  • XRP targets $3.65 and $4.68 as technical signals point to continued growth after recent surge.
  • Bullish momentum for XRP as breakout at 0.382 Fibonacci retracement signals potential for higher prices.
  • Despite short-term risks, XRP’s long-term outlook remains strong with positive regulation and market growth ahead.

XRP price has lately surged and attracted the attention of traders, and analysts are expecting more significant gains in the coming period. In a recent X post, Alan Santana has submitted a note with the focus on the bullish wave that should help propel XRP higher. After some consolidation, XRP is now ready to break higher, and technical signals are pointing towards a large move.

In the analysis, the price behavior of XRP in the recent past was very impressive and the asset appears well positioned to strengthen further. The $3 mark which was reached briefly on the 3rd December is considered as a major level. Though this level has been previously tested, and now token is aiming for higher levels, with $3.65 and $4.68 being the next levels to watch for. The chart indicators are positive, although there is a minor pullback which is actually a sign of strength and high volume backs the upward trend.

XRP Breaks Key Fibonacci Level

The technical indicators are the breakout of the 0.382 Fibonacci retracement level that has in the past signalled the start of a new bull run. This is normal correction for an impulse wave, which means that the price is likely to continue growing. Santana expects that cryptocurrency will meet some selling pressure at the $3 level but expects that it will break through with some volume for the next leg up.

The market is so unpredictable and there is high possibility of a short term reversal of the trend. However, analyst notes that it’s not too late to join the trend but for traders, they should be wary of their exits because the risk is high when a bullish trend has been initiated. As of writing, Ripple token is trading at $2.44, up by 5.44% over the past day.

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Source: TradingView

Positive Regulation Boosts XRP

For the longer term, Santana sees XRP in a continued uptrend supported by positive regulation and expanded use of the cryptocurrency. The market is changing, and you have things like the Trump effect and Spot ETFs for XRP which are expected to boost the market even more. Specifically, Santana commented that it may take another two to three years before this bull run comes to a close, and this could be an entirely new phase for cryptocurrency and other cryptocurrencies.

At the moment, traders and investors will be focusing on trying to establish the next big move and will be ready for any pullbacks that occur on the way. Ripple token is now in a good position and has a lot of room to grow in the next several months.

Bitcoin Bulls Eye $120K: What’s Next for BTC’s Price?

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  • Bitcoin surges to $101,432, breaking through resistance levels, signaling an imminent all-time high and possible $120,000 target.
  • Analysts predict BTC’s strong bullish trend will continue, with key support levels forming as it heads toward a new all-time high.
  • Institutional interest boosts Bitcoin’s growth, with MicroStrategy’s NASDAQ inclusion driving the cryptocurrency towards new price milestones.

Bitcoin has once again created ripples in the cryptocurrency market, hitting $101,432 as its highest daily close. BTC’s continuous appreciation beyond key levels and strong trends indicate that a new all-time high is imminent. Some analysts even believe that Bitcoin could rise to $120,000, and enthusiasm for the cryptocurrency has never been higher.

Bitcoin’s Bullish Consolidation Phase

Bitcoin has started trading in a consolidation mode with a bullish inclination as price keeps on rising gradually. This positive price action indicates the possibility of continuing the growth. Alan Santana has pointed out that the current behavior of the Bitcoin perfectly resembles the prior patterns that indicate the upcoming higher prices.

This has been made possible by the fact that Bitcoin has been shown to break through the resistance level over and again. The more the level of resistance is tested, In Bitcoin’s context, the latest price rise has broken through significant resistance levels and made it a support level. 

Also, there has been no notable pullback or correction in the last few weeks. The absence of pullbacks only serves to strengthen BTC’s position and indicate that the cryptocurrency is headed higher. Currently, BTCis at $101,600 which is a 1.17% increase over the last 24 hours.

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Source: TradingView

BTC Poised for ATH

The technical indicators suggest that is BTC is ready to break through to a new all time high. Experts are slowly turning optimistic about Bitcoin price, with some expecting it to hit $120,000 soon. As reported by Crypto Rover Bitcoin has just closed the highest daily candle in its history, which is rather important. BTC is rallying through earlier resistant levels and establishing new ones, and it now seems as if the market is ready for another round of price appreciation.

Rover has also attributed part of this strength to the increasing institutional reckoning in BTC especially after MicroStrategy was included in the NASDAQ 100 index. This has boosted the profile of BTC and has probably helped lead to the increased interest from institutional investors. With BTC now trending above key resistance levels investors are now looking at $120,000 per coin as the next target while some have even indicated that BTC may still be on an upward surge until 2024.

Bitcoin’s Bull Run Momentum

Jelle and Michael van de Poppe are optimistic about the future of the digital asset. On Saturday, Jelle posted on X, revealed that BTC is headed up and that the previous range highs are now being used as support. He believes this is the beginning of new bullish trend and the new all time high is not very far away.

Michael van de Poppe also expressed the same belief that BTC will not take much time to reach new ATH. He said that the existing price zone opens the door to a large scale breakout. In both the analyses, the bullish trend of cryptocurrency is still strong and there are high chances of BTC to touch a new ATH soon.

Bitcoin is still climbing higher and higher and now that it has reached these astonishing heights, everybody wants to know what comes next. With few alterations, most analysts believe that BTC has plenty of steam left in its bull run and ought to sustain its uptrend throughout 2024. If BTCcontinues to show strength and manage to surpass the $120,000 mark it will only help build on its credibility even more as a main player in the financial world.

XRP Price Analysis: Breakout Scenarios and Key Profit-Taking Strategies

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  • XRP may break out above $2.27, signaling a bullish trend as traders monitor key price levels for the next move.
  • For stability, XRP needs consolidation to allow EMAs to catch up, preventing a sudden price drop in the short term.
  • Investors can reduce risk by using incremental sales or securing initial capital before taking additional profits.

XRP is back in the spotlight in the crypto space as its behaviour suggests that there may be a change in trend underway. Traders are paying attention for indications that XRP is poised to either rally or stagnate. On Friday in an X post, Egrag painted a picture of two possible paths that the cryptocurrency may take in the short-term.

In the first scenario, XRP may have a breakout at $2.27 and $2.50. If this happens, XRP could be set to surge higher, which will be indicative of the start of a buyers’ trend. On the other hand, the second possible scenario has XRP falling to $2.27 and then range bound between $2.17 and $2.27. This range could break out into a-double bottom pattern which is considered as an indication of a bullish reversal.

XRP’s EMA Analysis and Outlook

Experts said that the price of XRP is currently trading above the Exponential Moving Averages (EMA) on the higher time frames. Therefore, the price may have to make some more consolidation in order for the EMAs to play catch up. This would make it possible to establish a more stable environment for the future and prevent a sudden decrease in the prices.

For Ripple investors, it is crucial to be in a position where they are sure of the amount of profit to be made in the volatile market. Egrag has provided the following strategies, all of which are specific to certain risk levels. A third approach involves percentage selling where the investor liquidates 25% of their stock at each price target i.e., T1, T2, and T3 and h olding a “Moon Bag” for future appreciation.

Long-Term Investment Strategy

Another method proposed is the incremental sales where the investors are expected to sell stake in small lots of 5% each time the price appreciates by $0.50. This makes it possible for investors to earn their returns while at the same reducing their exposure to risks. For the more cautious investor, he recommends to get out with the initial investment when the price of XRP hits the take profit mark which will be enough to buy the initial investment in Ripple token.

Long-term investors may also get a advantage of buying XRP for 10-15 years, excluding short fluctuations of the asset price and receiving profits from the long-term investment. He also notes that some investors may like to switch profits into low-cap assets for higher risk, higher returns, but he also note that it is best to do a proper research.

While token is still on its price journey, it becomes crucial to have a proper plan in place. This means that investors have to consider their risk appetite while being ready to adapt to change in the market in order to make the most profit.

Bitcoin’s (BTC) Next Big Move: $130K Cycle Peak, $25K Bear Market Bottom?

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  • Bitcoin’s next cycle top is projected between $130K–$175K, with the peak expected by February–March 2025.
  • The Regression Channel suggests Bitcoin will reach Fibonacci 1.272 before hitting the $130K–$175K range.
  • After the cycle peak, Bitcoin’s price could drop to $25K–$35K in a corrective wave from March–June 2026.

Egrag has shared his view on the current Bitcoin (BTC) market cycle and presented his estimates of the next cycle top and the bear market bottom. In a recent post on X he sets the next cycle top for BTC at between $130,000 and $175,000, with the bear market bottom of the next cycle possibly dropping to between $25,000 and $35,000.

According to the analyst, BTC will hit the next cycle peak between February and March 2025. This corresponds with the earlier predictions he made and the price range is between $130K and $175K. The forecast is made based on the *Regression Channel*, which is a trend following indicator that also defines levels of support and resistance.

Bitcoin Eyes Fibonacci Levels

Bitcoin has not lost the middle line of the Regression Channel since February 2024, this shows that the current trend is upward. Egrag expects Bitcoin to draw a bead on the Fibonacci 1.272 level as it continues to rise. The peak may be near the Fibonacci 1.414 and 1.618 thus strengthening his price estimate of between $130,000 to $175,000.

The middle line of the Regression Channel is the most important to identify the shift in trends. It also shows the level of overbought or oversold for Bitcoin. With the upward movement of Bitcoin, the middle line will define price movements in the future. If this trend is to be consistent, the target of $130K – $175K can be realized by early 2025.

Bear Market Bottom Forecast

However, Egrag also indicated a sharp reversal after the cycle peak had been reached. He believes that BTC will adhere to an *ABC corrective wave* which is a three-part drop in prices. The first stage, Wave A should now push the price of BTC down to around $44K in targeting the Fibonacci 0.702 level.

Following Wave A, Wave B will generate a short recovery, yet Wave B will be challenged at the Regression Channel’s midline. BTC is expected to reach the bottom in wave C at $25k- $35k. The correction is expected to occur between March and June year of 2026. As of writing, BTC is trading at $100,610 showing a 2.42% increase over the past day.

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Source: TradingView

The bear market bottom projection is that BTC price will likely fall below $25,000 again. This is going to be the low before a rebound in the market. Looking at the chart, his analysis gives a clear path map for the cryptocurrency in the next few years, with a positive outlook for the next few years, but with a warning about a long-term bear market.

AAVE’s Bullish Momentum: Can It Reach $1,700 in the Coming Months?

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  • AAVE targets $430, $1,050, and potentially $1,700 as its bullish momentum strengthens in the coming months.
  • After reclaiming $284 support, AAVE eyes new resistance levels, including $430, $536, and $666.
  • Strong growth in token hints at a broader market rally, with expectations of continued bullish momentum.

AAVE is approaching a bull run, with analysts suggesting that the price targets will be impressive in the next few months. In his recent post on X, Alan Santana disclosed the price expectations for token and how it will experience volatility. The following major level for AAVE is $430 and higher levels at $1,050 and $1,700 may be achieved based on the bullish trend.

The cryptocurrency has been rising since the beginning of June 2023 and the trend resumed in August 2024. The price of the token has risen gradually from that level, reflecting a strong positive trend. This surge is not only good for the holders, but it also points towards increasing market strength as per the experts. 

AAVE Bullish Momentum 

The token also retook the $284 level that has now transitioned into support. With this level in place, analysts are now turning their attention to the next big level on the route to $430. After breaking through this resistance level, further price increase is expected for AAVE. The intermediate goals for AAVE when it breaks through $430 are $536 and $666. These are the subsequent barriers that token has to overcome if it is to reach even greater values.

In the long term, token might even if reach $1,050, it still may have plenty of potentials. This phase however, is far from over with analysts pointing to a possible $1,700 in the near future which is still attainable. This forecast is in congrance with the growing sentiment that cryptocurrency will continue to climb higher. At the time of writing, token is trading at $360, which is 31.4% higher than its value a day before.

AAVE’s DeFi Stability

The latest coin performance has proved its reliability in the DeFi space, and the further growth of the project will be important for traders and investors. This has made the larger market to also be expected to continue the upward trend and this is what has been witnessed with token. In the future, when AAVE increases more in value, other cryptocurrencies will also increase in value in the bull market.

Since the price of AAVE is still increasing while the previous resistance levels act as support levels, the token is still doing fine. The majority of traders are now neutral and are waiting for the further direction, with many people considering that cryptocurrency will continue growing and reach even higher levels.

Scam Sniffer Warns Fake Influencers Are Stealing Crypto Funds

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  • ScamSniffer warns about fake influencer accounts targeting crypto users, leading them to malicious Telegram groups to steal assets.
  • The malware, activated by the “OfficialSafeguardBot,” tricks users into quickly verifying, compromising private keys and wallets.
  • Impersonation accounts increased by 87%, leading to over $3 million in losses, ScamSniffer urges users to secure assets with hardware wallets.

ScamSniffer, a Web3 security company, has warned of a new and complex scam that is currently duping cryptocurrency users. The scheme involves the fraudsters mimicking popular crypto personas and luring people to join certain Telegram groups which are essentially fraudster’s pinned groups that install malware to steal digital assets.

The scam starts when the fraudsters create Fake X (formerly Twitter) accounts which are almost identical to those of Popular Cryptocurrency Influencers. These fake accounts promote special groups of the popular messaging app Telegram, which are said to provide tips on investments and profitable offers. That is why scammers try to replicate real influencer accounts and use them in their fraudulent groups to make them look and feel like legitimate communities.

Tactics Used by Scammers

After a user clicks on the invite link, he or she will be asked to verify membership by interacting with a Telegram bot called OfficialSafeguardBot. As stated by ScamSniffer, the bot uses an approach that tries to force users into taking actions as fast as possible with the help of capthcas to solve. This process makes users more vulnerable to being scammed because of the haste with which they are carrying out the process.

Platform has identified several recent cases where this approach was used to steal the private keys of users. The specific malware employed in these attacks is particularly subtle and can avoid being identified by most anti-malware software. Despite this, the malware has only been detected as malicious by VirusTotal, a situation that makes it hard for users to detect the threat and prevent the loss of their money.

The platform suggests that the followers of cryptocurrencies should take some precautions to guard against these threats. Others are; storing private keys in hardware wallets, not executing any command that one is not familiar with and not installing any software from unconfirmed sources. Adopting the following measures will greatly minimize the possibility of asset theft through these scams.

DeFi Protocol Hit by Malware

This warning comes after ScamSniffer reported that there had been a increase in the creation of fake X accounts in the last month. Impersonation accounts increased by over 87% since November and caused important financial damages. Of interest, two victims lost more than $3 million each after clicking on the links that were shared by these fake accounts.

This follows the increase in the value of cryptocurrencies, which includes BTC that hit $100,000, and the increase in the value of other cryptocurrencies commonly known as altcoins. While the crypto market is becoming more and more profitable, the number of people trying to take advantage of the growing audience is also growing.

In October, a decentralized finance protocol known as Radiant Capital lost more than $50 million when the attackers gained access to the developer systems through a PDF file containing malware in a zip file. This attack was a social engineering one and the file was delivered via Telegram by an impersonator of a former contractor.

ADA’s Struggles Continue: Will $1 Hold for Cardano?

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  • Cardano (ADA) breaks $1.20 support, leaving investors concerned as 64.68% are in the red, raising selling pressure.
  • ADA fluctuates near $1.01 with neutral market sentiment, and $1.00 is a key support level to watch for a potential rebound.
  • Despite the price decline, Cardano’s network activity rises with 1.24M active addresses, showing continued user engagement.

Over the past few weeks, the cryptocurrency market has been volatile and Cardano (ADA) is not an exception. Currently, the sixth largest cryptocurrency by market capitalization has fallen below the vital $1.20 level at which 93,000 addresses bought around 2.54 billion Cardano tokens. The recent price decline has raised some questions on the future of Cardano.

ADA is currently priced at approximately $1.02 which indicates a stagnation of the asset’s movement. The following price charts illustrate a gradual downfall of Cardano with the support level of $1.20 being broken. This support accumulated through the process of investor accumulation has now been breached and the next level to watch is the $1.00 level. If Cardano is able to hold this new support zone it could prevent the price from dropping any lower.

ADA Support Break

Looking at the technical analysis at this stage, the market sentiment is neither bullish nor bearish the RSI is at the middle range which is neutral. This means there is no clear direction of buying or selling pressure hence making Cardano fluctuate within the short term period.

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Source: TradingView

The break of $1.20 support level has led to discomfort among ADA holders especially those who bought in at this level.  According to the In/Out of the Money Around Price chart, 64.68% of Cardano holders are in the red, while only 34.44% are in profit. This difference in the investors’ attitude may result in more selling pressure, which will put more pressure on the price.

Rebound Potential for ADA

While price has been an issue, the activity of the Cardano network has been on the rise. Within the last month alone, the platform registered around 1.24 million active addresses of users, which point towards the fact that users are still interactive with the platform even if price fluctuations are taking place. 

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Source: Santiment

The $1.00 level is going to be very important for ADA. If the cryptocurrency remains within this range it will provide a base for the potential of a rebound. The success of Cardano will be hinged on the ability to keep its community and also overcome the many risks that are associated with the crypto market. ADA may not be able to bounce back if the market situation remains unfavorable in the general market. 

Crypto Market Explodes: Which Coins Will Lead the Next Bull Run?

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  • The crypto market surged by 32.28% in a month, with Bitcoin and Ethereum seeing impressive gains amid a powerful bull run.
  • VirtualBacon advises focusing on smaller altcoins, predicting mid and low caps could outperform Bitcoin and Ethereum in the coming months.
  • While XRP shows strong growth, VirtualBacon warns of overhyped projects, recommending solid assets like Ethereum, Solana, and undervalued Algorand.

The crypto market has been on an upward trend in the past few weeks, with the total market capitalization increasing from $2.54 trillion to $3.36 trillion within a month. This represents an impressive increase of 32.28%, indicating that the bull run This marks a growth of 32.28% which is an indication of the sustained powerful bull run. Bitcoin and Ethereum, the two largest digital currencies by market capitalization, have also risen by 22.2% and 15.7% in the last month, respectively.

VirtualBacon has some useful tips on how to navigate this volatile market. One of them is to pay attention to new projects and avoid overexposed assets. In a recent X post, he said that the market will still expand in the next 6 to 12 months but insists that not all cryptocurrencies will experience a high increase in value.

Crypto Gains Mid Cap Lead

In this bull run, VirtualBacon forecasts that mid and low cap altcoins will perform better than major coins such as Bitcoin and Ethereum. Prior to this, smaller altcoins outside the top ten has given investors returns five times more than what they get from cryptocurrency investment, mid cap could give investors about six times gains, and low cap coins have the potential to rise between ten to twenty times. On the other hand, Bitcoin cryptocurrency is expected to give 2x returns, Ethereum and Solana are expected to give 3 to 4x returns.

Among the most popular coins, the Watto-Metamorph‘ cryptocurrency, XRP, is currently the most successful as it has grown from $0.50 to $2.50 in the last few weeks. Still, VirtualBacon says that this steep rise may be attributed to retail FOMO, and heightened search traffic, both of which are signs of late-stage mania. Despite the positive story developing around XRP’s possible inclusion into the ISO 20022 payment system, VirtualBacon sees its further expansion capped as it approaches its previous highs.

Instead, he suggests that investors should concentrate only on those currencies with a clear application and a sound base. Ethereum and Solana are two promising assets, while Algorand is presented as an undervalued asset. Algorand’s 80% of its total supply in circulation and the strong support it has from exchanges make it ready for a big rally in the coming months.

Tokens with Limited Growth

VirtualBacon also has a list of what it considers overvalued or high-risk coins, these being XRP, SUI, Bitcoin Cash, Litecoin, and Ethereum Classic. He also has several Metaverse and gaming tokens which he has advised people to avoid because they have not achieved as much meaningful progress as some of the other tokens he has analyzed and they are only capable of sustaining their initial uptrend; these tokens include SAND, MANA, AXS, ENJ, and GALA.

Although VirtualBacon remains quite critical of many gaming and Metaverse projects, he does have some positive words for a few of them. Wilder World, for example, is an inspiring Metaverse project, and the gaming tokens such as SuperVerse, XBorg, SeedworldMeta, and SuperChampsHQ present a high growth perspective.