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American Wealth Advisor Says It’s Not Too Late to Buy XRP

Abdulkarim Abdulwahab
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American Wealth Advisor Says It’s Not Too Late to Buy XRP

Prominent U.S.-based wealth advisor Mickle believes it is not too late to buy XRP, arguing the recent gains of XRP are peanuts compared to what is incoming.

XRP has recently rallied over 65% from its early-month bottom price to reclaim a multi-month high above $0.63. The comeback sparked community-wide commendations as it marked a significant turnaround from XRP’s lackluster performance.

The massive rebound convinced ambitious market watchers that XRP was on track for more explosive price gains. Meanwhile, some crypto community members have become regretful that they might have missed a lifetime opportunity to buy XRP at $0.385 when the chance emerged early this month. 

However, Mickle believes it is not too late to invest in XRP. At press time, XRP trades at $0.6033, advancing by 2.2% today after a brief retracement.

The American wealth advisor believes buying XRP at around $0.6 is still a lucrative opportunity, especially considering the significant gains he predicts are yet to come for the asset.

Why It’s Not Late to Buy XRP

Mickle explained that when considering the vast amounts of money held by large institutions that will adopt XRP and the immense value of assets that will be tokenized on the XRP Ledger, it becomes clear that the current market is just a fraction of what’s to come.

In his view, the current market is “nothing” compared to the potential that lies ahead. Accordingly, Mickle suggested that market participants should worry less about being late to XRP based on speculative price movements.

Instead, he believes one would only be late once Ripple begins to achieve its goals, integrating XRP into various institutions and governments running trial programs.

Ultimately, Mickle is confident that XRP will succeed, gain widespread adoption as a neutral liquidity asset for the financial system, and be used by large institutions and governments.

Furthermore, he anticipates that high-level DeFi protocols will be built on the XRP Ledger, enabling large financial institutions to upgrade their systems using these tools.

Notably, Mickle is one of the most ambitious voices in the XRP community. In a previous analysis, he boldly asserted that investing in XRP was akin to investing in Apple stocks during their early days.

Biden Drops 2024 Presidential Bid: Memecoin BODEN Falls 57% While Rivals Surge

Albert Brown
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Biden Drops 2024 Presidential Bid: Memecoin BODEN Falls 57% While Rivals Surge

The BODEN meme coin drops by a massive 57% as President Joe Biden drops out of the 2024 presidential race and endorses Kamala Harris.

President Joe Biden announced he will not seek reelection in the upcoming 2024 U.S. Presidential Election. In a statement released on Sunday, Biden emphasized that stepping down is in the best interests of both the Democratic Party and the nation. 

Following this announcement, Biden expressed his “full support and endorsement” for Vice President Kamala Harris as the Democratic Party’s nominee. This endorsement was shared in a subsequent post on X.

Memecoin Market Reacts to Biden’s Decision

Biden’s decision led to significant fluctuations in the meme coin market. The Jeo Boden (BODEN) token has plummeted by 57% by this press. Conversely, tokens associated with potential contenders saw notable gains. 

Screenshot 2024 07 22 at 123225

Kamala Horris surged by 52%, and Gabin Noosum increased by 48%. Meanwhile, meme coins linked to Republican Presidential candidate Donald Trump, notably Doland Tremp, has surged by 23% in the past 14 days. 

Democratic Support for Biden Had Diminished

Support for Biden among Democratic leaders has been reportedly waning. Multiple sources indicate growing discontent within the party. Senate Democratic Leader Chuck Schumer met with Biden in Rehoboth Beach, Delaware, over the weekend. 

While the meeting’s details were not disclosed, sources suggest Schumer urged Biden to withdraw from the 2024 race. This conversation reflects broader sentiments within the party about Biden’s candidacy.

Criticism of Biden’s Crypto Policies

According to The Crypto Basic, Cardano founder Charles Hoskinson recently criticized Biden’s policies regarding cryptocurrency. In a video on Cardanians.io, Hoskinson urged U.S. voters to prioritize cryptocurrency in the upcoming elections. He warned that a vote for Biden could negatively impact the American cryptocurrency industry. 

Hoskinson highlighted the significance of blockchain technology in America’s future and criticized the lack of a Democratic primary that could have showcased Biden’s declining performance. He labeled Biden’s administration as harmful to the cryptocurrency sector amid a series of events and the recent pledge to veto a bill aimed at curbing the SEC’s crypto crackdown.

Following a 62% Weekly Rally, Will dogwifhat (WIF) Record A 50% Breakout Rally?

Albert Brown
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Following a 62% Weekly Rally, Will dogwifhat (WIF) Record A 50% Breakout Rally?

With a massive surge last week, the Dogwifhat (WIF) price trend witnesses a potential GOD candle in the weekly chart.

The increasing demand for meme coins in the crypto market signals a potential trend continuation WIF’s price.

Further, as a Solana-based meme coin, WIF could surge, with Solana targeting $200. Will the bull run from meme coins continue, and more importantly, will WIF reinstate a bullish phase in motion?

Double Bottom Reversal In Dogwifhat Challenges Solid Resistance Trendline 

With a massive 67% correction in the backdrop, WIF prepares for a bullish turnaround as the broader market recovers. As the underlying demand at the $1.50 psychological mark remains resilient, the Solana-based meme coin recovers over the week. 

Further, the massive 62% God candle in the weekly chart results in a morning star pattern. Thus, the price action bolsters the chances of an uptrend. 

CRYPTO:WIFUSD Chart Image by Trojan69420

The correction phase created a solid resistance trendline, which resulted in an intense 58% correction in early June. However, the demand at $1.50 results in a double bottom reversal in the WIF price and breaks the neckline at $2.30.

Currently, the meme coin trades at $2.75 to challenge the overhead resistance trendline. However, the intraday fall of 2.37% reveals a significant supply pressuring the ongoing recovery rally. 

Notably, the double bottom reversal comes with the bullish divergence in the daily RSI line. Presently, the recovery trend propels the RSI line to borderline overbought.

Moreover, the ongoing recovery is accompanied by the MACD and signal lines crossing into positive territory and a surge in bullish histograms. 

Interestingly, WIF surpasses all the crucial 50, 100, and 200-day EMAs. Further, it teases a bullish crossover of the 50 and 100-day EMAs.

Will WIF Price Rally Hit $5?

With the ongoing recovery rally pausing the overhead trendline, dogwifhat teases a minor delay in the breakout run. Further, as the broader market picks up pace, WIF is likely to fracture the trendline and end the correction phase. 

Based on the trend-based Fibonacci levels, the potential breakout rally WIF’s price could reach the 50% Fib level at $3.62. Further, the bull run in the meme coin could hit the $5.77 mark. Conversely, a bearish reversal could result in a retest of the $2.50 mark.

Here Are 4 Main Reasons XRP Could Hit $10 This Bull Season

Lele Jima
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Here Are 4 Main Reasons XRP Could Hit $10 This Bull Season

Following XRP’s recent surge of 40%, we’ve highlighted four factors that could take the asset to $10 in the 2024/2025 bull season.  

It is common knowledge that XRP has been at the forefront of the crypto rally over the past few weeks. Last week, XRP soared over 40% to around $0.65.

Although the token has plunged below 60 cents at press time, data from CoinMarketCap still indicate that XRP is up 25.6% in the monthly charts. Similarly, it has also witnessed a gain of 14.32% over the past week and 1.11% in the daily charts. 

XRP Potential Surge to $10 

Following XRP’s recent performance, investors revisited some of the mouthwatering predictions issued for the coin, especially the $10 target. Interestingly, many market watchers project that XRP’s price could clinch $10 before the 2024/2025 bull season ends. 

Last month, Oliver Michel, CEO of Frankfurt stock exchange Tokentus Investment AG, projected that XRP could set an all-time high of $10 this year. 

For context, it has been over six years since XRP recorded its previous all-time high. According to CoinMarketCap data, XRP registered an all-time high record of $3.84 on January 4, 2018. At press time, XRP is down 84.44% from its ATH. With XRP currently trading at $0.5942, the coin must rally 1,582% to clinch the $10 target. 

4 Factors That Could Trigger XRP’s Rally to $10 

While this could be challenging for XRP, multiple factors could pave the way for a potential surge toward the $10 target. 

Ripple IPO 

At the top of the list is Ripple’s Initial Public Offering (IPO). There have been speculations about Ripple’s plans to go public in the United States. Interestingly, these speculations gained momentum after Ripple CEO Brad Garlinghouse disclosed that the company plans to buy back $1.4 billion of its stocks from shareholders. 

Despite Ripple buying back enormous amounts of its shares in the past, Garlinghouse disclosed that the company does not plan to go public immediately, given the current SEC leadership. 

However, there are indications that Ripple could commence its IPO journey under a new SEC leadership. Meanwhile, former Ripple director Sean McBride said the company could apply for an IPO outside the United States by next year. 

XRP ETF 

Another factor that could help XRP hit the $10 target this bull season is the potential launch of an exchange-traded fund (ETF). Following the SEC’s approval of BTC and ETH ETFs, XRP and SOL emerged as favorite contenders for an exchange-traded fund. However, two asset managers, including VanEck, have already filed with the SEC to launch a spot ETF for SOL. 

This implies that asset managers could also vie to launch an XRP ETF after the approval of the SOL fund. McBride projected that the market could see an XRP ETF this year or next. Notably, Garlinghouse shares a similar sentiment as he expects an ETF for XRP to launch by 2025. 

SEC v. Ripple Resolution 

The ongoing lawsuit between the SEC and Ripple has been one major factor impeding the growth of XRP. Notably, the lawsuit significantly hindered XRP from setting a new ATH as its peers did in 2021. 

Interestingly, the lawsuit is nearing its conclusion, with Garlinghouse and other crypto stakeholders expecting a final resolution before this year’s end. 

Widespread Adoption of XRP for Cross-Border Payments 

The legal and regulatory pressure on XRP has deterred U.S.-based financial institutions from leveraging Ripple’s payment technology for cross-border payments. It bears mentioning that Ripple’s payment solution, especially ODL (now Ripple Payments), leverages XRP as a bridge currency between two fiats. 

With the resolution of the SEC v. Ripple lawsuit around the corner, financial institutions in the United States could adopt XRP for cross-border settlements, leading to a potential spike in the coin’s price to the $10 target. 

Shiba Inu Howling at the Moon; Expert Argues Elliott Wave to Take SHIB Towards $0.0001

Abdulkarim Abdulwahab
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Shiba Inu Howling at the Moon; Expert Argues Elliott Wave to Take SHIB Towards $0.0001

A prominent chartist predicts Shiba Inu is on the verge of a rally that could propel its value beyond its ATH to within the $0.0001 range.

Shiba Inu notably lags behind the bullish frenzy that rocked the meme coin market in the past few days. At press time, SHIB trades at $0.00001769 with no gain in the last 24 hours but posts a 2.5% loss in weekly performance.

However, Shiba Inu’s closest rivals, such as Dogecoin, PEPE, and Dogwifhat (WIF), wield staggering weekly performances. For instance, WIF has been up by over 47% since last week, PEPE boasts a 24% gain, and Dogecoin sees a 14% return.

Despite its recent sluggishness, Shiba Inu’s current price still represents a significant 35% increase from its early-month low of $0.00001294. This upward momentum and various technical indicators have boosted analysts’ confidence that Shiba Inu is poised for a rally, potentially driving its price to new heights.

Shiba Inu “Howling at the Moon”

A prominent chartist and Binance KOL, known by the pseudonym “ETF,” has recently shared a post on X that suggests Shiba Inu may be preparing for a new all-time high rally. According to the analyst, Shiba Inu is “howling at the moon” and eyeing a new high based on an Elliott Wave analysis.

Elliott Wave Taking SHIB towards $0.0001

The tweet included an image of an Elliott Wave analysis of Shiba Inu’s all-time performance. It highlighted various wave labels that indicate different waves within the Elliott Wave structure, including corrective waves and complex wave patterns.

One of the waves depicted Shiba Inu’s most recent violent trend to the upside, where it hit a three-year high of $0.000045 in March, following a prolonged downtrend phase.

This uptrend was followed by a corrective phase, during which SHIB crashed to $0.00001294 in July. Notably, this crash marked a 71% decline from the recently reclaimed multi-year high of $0.000045.

Now, the analyst expects a new wave to emerge, dubbed “wave 3,” which is predicted to be longer and stronger than the first. This wave is expected to propel Shiba Inu not only to reclaim its 2021 all-time high of $0.00008845 but also to enter a new price recovery phase in the $0.0001 range.

As a result, the analyst urged SHIB enthusiasts to “buckle up” for a potential wave three ride, hinting at a potentially explosive price movement on the horizon. However, the analyst also cautioned that enthusiasts must remain vigilant and wait for confirmation before getting too excited about the potential wave three rally.

BNB Foundation Burns $971M Worth of BNB in 28th Quarterly Token Burn

Mark Brennan
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BNB Foundation Burns $971M Worth of BNB in 28th Quarterly Token Burn

The BNB Foundation has recently announced the completion of its 28th quarterly BNB token burn to manage its token supply and bolster its price action over time.

According to the latest disclosure, this quarter saw 1,643,698.8 BNB tokens, valued at around $971 million, removed from circulation.

BNB’s Auto-Burn system aims to gradually decrease the total supply of the token to 100,000,000. This system decides the amount to be burned based on the BNB value and the number of blocks BSC generates in a quarter.

According to the announcement, the most recent burn occurred directly on the BSC due to the ongoing BNB Chain Fusion. This will be the same approach for future burns. The burned tokens will be sent to the “blackhole” address: 0x0000000000000000000000000000dEaD.

The BNB Auto-Burn method is independently auditable and reports figure quarterly, independent of any centralized control from the Binance exchange.

Notably, the BNB Chain announced its last quarterly burn on April 24. The event removed 1,944,452.51 BNB tokens from circulation, worth around $1.17 billion at the time of burn. Last October, the 25th annual burn saw the incineration of over 2.1 million BNB, the single highest burn in two years at the time.

Other BNB Burning Methods

In addition to the Auto-Burn, BNB has a real-time burning method depending on gas fees collected in each block. Since the introduction of BEP95, this method has burnt around 234,000 BNB.

Moreover, the BNB Pioneer Burn Program supports users who have lost BNB or pegged tokens. This program covers these losses through quarterly token burn events, ensuring that users are not permanently disadvantaged by their “honest mistakes.”

BNB Chain continues to innovate and enhance its network. In May, it announced major upgrades to their layer-2 network, opBNB, aimed at increasing transaction efficiency and decreasing gas costs.

XRP $30 to $50: XRP Long-Term Fib Levels, Cup and Handle, Elliott Wave All Suggest Big Move

Sam Wisdom Raphael
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XRP $30 to $50: XRP Long-Term Fib Levels, Cup and Handle, Elliott Wave All Suggest Big Move

Multiple XRP indicators, including the long-term Fibonacci levels, a cup and handle formation and the Elliott Wave structure suggest a price push to a $30 to $50 range.

Cryptobilbuwoo, a notable crypto market analyst, disclosed this in his latest analysis of XRP’s price movements. The analyst suggested a potential rise to a price between $30 and $50 based on long-term Fibonacci levels, the Cup and Handle pattern, and Elliott Wave theory. 

The analysis comes at a time when XRP is currently battling to sustain the ongoing recovery push. XRP eventually reclaimed the $0.60 territory yesterday but faced intense resistance at the $0.6080 high. A breach of this level could trigger an upward push to greater levels.

XRP Targets $30 to $50 Amid Cup n Handle Pattern

Amid this battle with the bears, Cryptobilbuwoo suggested that XRP has the potential to reach two-digit price targets. In a recent X post, he identified a Cup and Handle pattern on the XRP chart. 

The Cup and Handle formation is a classic chart pattern that signifies consolidation followed by a breakout. The rounded bottom of the cup indicates a period of accumulation, while the handle represents a smaller consolidation before the price surges. 

Data from the accompanying chart suggests that this bullish pattern targets a price level of $31. The target of $31 aligns with the upper end of the Fibonacci extension range. This convergence bolsters XRP’s chances of challenging for this price target. Interestingly, the analyst also identifies the possibility of an overshoot to the $50 price. 

XRP Elliott Wave Structure

Also, Cryptobilbuwoo included the Elliott Wave theory in his analysis, focusing on the third wave. The chart indicates that XRP recently concluded the second wave amid the latest price correction. In Elliott Wave theory, the third wave, which XRP is expected to begin, is typically the strongest.

The Fibonacci extensions for the third wave range from 3.618 to 4.236, translating to a price range of $21 to $45. In addition to this, the analyst called attention to the 1.618 Fibonacci extension level in the range of $26.6 to $33. He emphasized the significance of this zone.

Current Price Position

Meanwhile, XRP currently trades for $0.5903, up 1% in the last 24 hours. Over the past few months, XRP has experienced fluctuations, but recent movements indicate a consolidation phase. 

The Aroon indicator, used to identify trends and potential reversals, shows a 64.29% level for the Aroon Up line, indicating that upward momentum is building. Meanwhile, the Aroon Down line remains at 0.00%, showing that bearish forces are currently weak.

XRP Daily Chart
XRP Daily Chart

Moreover, the Coppock Curve is trending upwards at 65.196. This rise in the Coppock Curve typically signals the beginning of a new bullish trend. The formation of the Cup and Handle pattern and the transition to the third Elliott Wave could bolster chances of this imminent bullish trend. 

Shiba Inu Set for $100B Market Cap, Says Expert: Predicted Price Revealed

Mark Brennan
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Shiba Inu Set for $100B Market Cap, Says Expert: Predicted Price Revealed

Prominent investor Jake Gagain stressed that Shiba Inu (SHIB) will hit a $100 billion market cap this cycle, but community members think the outlook is conservative.

A recent post by Gagain, a widely followed content creator on X, has sparked widespread discussion within the crypto community. In the post, Gagain reiterated his ambitious prediction that Shiba Inu would reach a $100 billion market cap this cycle. 

In his earlier commentary, he expressed that Shiba Inu will not only reach a $100 billion cap but will attain the threshold before Dogecoin.

Currently, market data shows that Shiba Inu boasts a market cap of $10.45 billion at a trading price of $0.00001772. This price reflects a 0.28% decline in the last 24 hours and a 2.57% drop over the past week. 

Indeed, a $100 billion market cap for SHIB would significantly influence the asset’s market value. Emphatically, the value of SHIB could surge to approximately $0.00016 in a scenario where it attains a $100 billion cap, particularly when its current circulating supply of over 589 trillion remains unchanged.

This would represent a substantial 802% increase from Shiba Inu’s current valuation, nearly a tenfold rise.  Notably, the view that Shiba Inu will attain a $100 billion cap is widely shared among market watchers.

In an earlier conversation, analyst Zach Humphries affirmed SHIB’s potential to hit a $100 billion market cap this cycle. He also projected that Shiba Inu contenders, like PEPE, could achieve a $50 billion market cap by next year.

Shiba Inu Army Thinks $100B Cap Is Too Low

Meanwhile, the bold prediction has triggered a variety of reactions. Seeing the formidable journey to a $100 billion cap with a $0.00016 price, one commenter suggested increasing token burns to boost SHIB’s value.

Interestingly, an ambitious commenter argued that a $100 billion cap is a conservative target for Shiba Inu, considering that meme coins are “hungry for growth” in this cycle. Another commenter voiced this sentiment, stressing SHIB’s potential market cap reaching $300 billion.

Meanwhile, skeptic voices expressed disagreement with Shiba Inu’s potential to attain a $100 billion cap due to the influx of new meme coins diverting funds from established ones. Despite the differing views, the crypto market’s unpredictability leaves room for various outcomes.

Shiba Inu Price if it hits 100B Marketcap

Based on the current circulating supply, we predict that if SHIB reaches a market capitalization of $100 billion, the price of Shiba Inu could surge to $0.000169.

Shiba Inu Good to Size Up Portfolio

Last month, a crypto analyst recommended SHIB as an easy-to-hold asset for investors looking to bolster their portfolios. The analyst noted that individuals with smaller portfolios might find ultra-low-cap assets with good reputations safer and potentially more rewarding than mid-cap investments.

Celestia (TIA) Price Reversal Targets $10 With a Trendline Breakout Rally

Albert Brown
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Celestia (TIA) Price Reversal Targets $10 With a Trendline Breakout Rally

Celestia (TIA) eyes the $10 target as technicals suggest recovery amid the current bullish momentum in the broader crypto market.

As Bitcoin targets $70K and the crypto market aims at $3 trillion market cap in 2024, the weeks ahead are filled with optimism. Celestia is riding on this optimism, poised for a massive price jump with a trend reversal rally in the coming days.

Following two positive weeks, the altcoin aims to reclaim the $10 psychological mark. Will the bull run continue in the TIA price trend as an end-of-correction breakout rally looms?

Post 45% Rally, Will Celestia Form Another Lower High?

With a massive correction phase in motion, the TIA price trend reveals a lower high trend formation and a solid resistance trendline. Further, the downfall accounted for a 75% decline before the ongoing bounce back, starting from the $4.852 support level. 

Celestia Daily Chart
Celestia Daily Chart

The ongoing recovery rally creates two massive bullish candles on the weekly chart and accounts for a 45% surge. Currently, the TIA token is trading at $7.246 and registers a higher price rejection from the overhead trendline. 

Along with the resistance trendline, the Celestia token price faces opposition from the slightly above 23.60% Fibonacci level. 

The Underlying Shift in Bullish Gears Teases a Breakout Run 

On closer inspection, the TIA price trend forms an inverted head and shoulder pattern with a neckline at $7.214. Further, the recovery rally forms a double bottom pattern along the same neckline, increasing the breakout chances. 

Celestia Daily Chart
Celestia Daily Chart

The bullish engulfing candle challenges the 50D EMA, acting as a dynamic resistance near the neckline. However, the uptrend in the daily RSI line and the positive trend in MACD and signal lines support the bullish outlook. Hence, the momentum indicators bolster the possibility of a bull run. 

Where is the TIA Price Bull Run Headed?

As per the price action analysis, the increasing number of bullish patterns could overcome the supply overhead. Further, a broader crypto market recovery will likely push the TIA price higher. 

Based on the Fibonacci levels, the uptrend in TIA price with the 23.60% level breakout could reach the 50% Fib level at $12. Thus, it is likely to surpass the $10 psychological mark in the coming days. 

However, a failure to fracture beyond the trendline will likely retest the bottom support level at $6. 

Analysts Predict $1,000 Coming for Solana After 33% Surge Since Early July

Albert Brown
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Analysts Predict $1,000 Coming for Solana After 33% Surge Since Early July

Ali Martinez’s analysis identifies a bull pennant on the weekly Solana chart, projecting SOL to reach $1,000 if breakout momentum continues.

Solana (SOL) has experienced a remarkable 33% price surge since July 4 despite market skepticism. This upward trend has sparked significant interest and speculation among investors and analysts, with predictions pointing to even higher price targets. 

Ali Martinez, an analyst on the X platform, identified a bull pennant pattern in Solana’s price chart. This pattern, typically indicative of a bullish continuation, suggests that SOL may be on the verge of a substantial breakout. 

The current price action shows a clear breakout above the upper trendline of the pennant, signaling increased bullish momentum. With Solana’s price around $173.73, Martinez projects a target price of $1,000 based on the height of the flagpole added to the breakout point.

This implies a potential rally of approximately 900% from current levels, although volume confirmation is crucial for validating this breakout.

Market Sentiment and Development Activity

On the other hand, Santiment’s analysis highlights the ongoing market sentiment surrounding Solana. Despite the recent price increase, the weighted sentiment for SOL remains negative, indicating that market participants are generally doubtful about SOL’s potential. 

Screenshot 2024 07 22 at 100600
Source, Santiment

This scenario, often referred to as “climbing the wall of worry,” can lead to price increases as negativity fuels the climb. If market sentiment shifts from fear, uncertainty, and doubt (FUD) to fear of missing out (FOMO), a rapid increase in buying activity could drive SOL’s price even higher, specifically $200 according to Santiment. Notably, Solana’s current price stands at $179.02, up by 4%.

Solana’s Recent Bull Flag Pattern

Another analysis, reported by The Crypto Basic, identifies a bull flag pattern in Solana’s weekly chart. This pattern, characterized by a strong upward move followed by a consolidation phase where the price moves within a narrow range, suggested potential for further upward movement. 

In another related report, Solana has outperformed the market with a 35% rally, driven by internal developments and external market factors. Recent capital inflows into SOL derivatives markets suggest more upside potential.

Notably, Solana’s price reached $163 on July 17, its highest in 40 days of trading. The initial leg of the rally began in late June after news broke that 3iQ Capital in Canada and VanEck in the USA applied for spot SOL ETFs within their jurisdictions.

Subsequent bullish momentum was fueled by favorable macroeconomic data, including dovish Non-Farm Payrolls and Consumer Price Index (CPI) figures.

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