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Final Hours To Secure These 5 Altcoins Before The Next Bull Run Ignites!

PR DESK
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Final Hours To Secure These 5 Altcoins Before The Next Bull Run Ignites!

As the crypto market heats up, attention shifts to key opportunities. Savvy investors are eyeing five promising altcoins poised for potential gains. Among the buzz is a rising memecoin capturing market interest at an impressive pace. This offers a glimpse into exciting developments not to be overlooked. The unfolding scenario promises to be thrilling for crypto enthusiasts.

Catzilla: Roaring Into the Meme Coin Arena With Unmatched Profit Potential

In the ever-evolving world of meme coins, new contenders constantly emerge, and Catzilla is positioning itself as an ambitious player. Drawing inspiration from successful tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla aims to blend viral meme culture with significant financial growth. What sets Catzilla apart is its unique storytelling a giant, Godzilla-like cat wreaking havoc, which taps into the chaotic energy of Japanese kaiju culture. This game-based narrative not only engages gamers but attracts crypto investors looking for the next big thing.

With a fiery combination of anime-inspired chaos and a rebellious mission, Catzilla is rallying crypto enthusiasts and cat lovers to join its movement for a more equitable, decentralized crypto space.

Catzilla is Ready to Disrupt the Market!

Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises.

Unlock Triple Value for Maximum Gains

Catzilla operates on a threefold value proposition: epic gameplay, a unifying mission, and a vibrant community. Players can enjoy a thrilling game experience while earning rewards, all while being part of a growing movement that merges the fun of meme culture with the potential for financial freedom.

Join the Catzilla Revolution

Catzilla positions itself as a symbol of resistance against the greed and manipulation often seen in the crypto world. By embracing its bold and monstrous persona, Catzilla seeks to restore the playful, decentralized nature of meme coins while ensuring a fair and transparent ecosystem for its users.

Join the Feline Frenzy! $CATZILLA Is on the Rise. Claim Your Share Today!

Sui (SUI) On Its Path: Higher Lows or Heading South?

Sui (SUI) is showing a current price between $2.87 and $3.70. It sits above the support level of $2.47. The nearest resistance is $4.13. This price area suggests a move might be near. The coin’s monthly dip has been steep at nearly 37%. However, over the last half year, Sui boasts over 271% gain. With RSI showing room for upward movement and the MACD level suggesting potential recovery, a break above the first resistance could see Sui soaring towards $5. A climb to $4.97 would mark a gain of approximately 60% from its lower range. Watch for bullish signs, but the journey isn’t without its tests.

AVAX: Poised for Rebound or Further Decline?

Avalanche (AVAX) has shown a decline recently, with a 1-month drop of around 37%. Currently, it hovers between $23.43 and $26.75. The immediate resistance is at $28.64, while support lies at $22.00. With the RSI at 40.31, AVAX is close to being oversold, suggesting potential for upside. Yet, the MACD indicates a bearish trend. If bullish momentum builds, the price could aim for the second resistance at $31.96, which would be a jump of about 15% from the current range. However, if it breaks support, it might head towards $18.68. Investors are watching closely as AVAX could either surge past resistance or test lower support.

FET Hints at Future Growth Amidst Recent Dips

Artificial Superintelligence Alliance (FET) is currently priced between $0.71 and $0.84. It is close to the $0.90 resistance level. The relative strength index is at 41.80, indicating it’s not yet overbought. The 10-day simple moving average is slightly below the 100-day average, suggesting volatility. The coin recently fell by 1.56% over the week and a steep 42.17% over the past month. However, as the market enters a potential altcoin season, FET could target the $1.03 resistance level, promising gains of over 20% from its current range. Traders eyeing FET should watch how it handles the $0.90 mark, as breaking past it could open doors for further growth.

ALGO Poised for Growth Despite Recent Dip

Algorand is currently trading in a narrow range between $0.26 and $0.30, showing a recent dip. The nearest resistance is at $0.33, while support is solid at $0.24. Though it has come down over the last week by over 7% and almost 40% in a month, a 6-month view reveals a strong comeback with nearly a double increase in value. The 10-day simple moving average is slightly below the 100-day, hinting at a short-term downtrend. However, with a relative strength index near 40 and a stochastic of 20.40, ALGO may soon attract buyers. The potential exists for hitting the second resistance at $0.37, indicating about a 20% growth opportunity.

Conclusion

While SUI, AVAX, FET, and ALGO may have less short-term potential, Catzilla shines as a meme coin hero aiming for financial freedom. With a presale starting at $0.0002 and increasing to $0.0016 over 14 stages, it offers governance, rewards, and staking. Catzilla unites crypto enthusiasts to join the fight against crypto villains.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

BONK And PEPE Holders Look For The Next Big Meme Coin As $CHOW Goes Viral

Esra Zuhal
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BONK And PEPE Holders Look For The Next Big Meme Coin As $CHOW Goes Viral

After seeing their wallets explode, BONK and PEPE holders are once again looking for a new sensation. ChowWow, the new contender, is making more and more noise in the meme coin universe. Powered by the Solana blockchain, this token is gaining traction thanks to an engaged community and a growing buzz. But can it be the next viral token after BONK and PEPE?

Meme Coin Investors Look for New Opportunities

Nowadays, meme coins are among the most profitable investments. In no time, PEPE, inspired by an internet meme, has reached a market capitalization of several billion dollars. BONK, on the other hand, became Solana’s first major meme coin.

In light of this, many investors have launched into this sector, with the aim of finding the next sensation. To maximize their chances of profit, it is best to get interested in a meme coin very early before its price explodes on the market.

ChowWow, still in its early stages, continues to attract the attention of investors, including BONK and PEPE holders. In fact, this token is poised to be the next big meme coin.

ChowWow ($CHOW) Gains Viral Momentum

A meme coin doesn’t succeed on hype alone – its community and features are also essential. ChowWow ($CHOW) is gaining traction thanks to its play-to-earn and stake-to-earn mechanisms, offering real value beyond speculation.

As a Solana meme coin, CHOW benefits from the network’s fast transactions and low fees, making trading smoother for investors. Its presale is already attracting attention from investors looking to get in early. Its rise is fueled even further by social media buzz and newfound investor interest making it one of the most promising of the new meme coins in the market.

Can ChowWow ($CHOW) Outperform BONK and PEPE?

Despite the success that BONK and PEPE have made in making their way into the market, the competition is escalating with the introduction of other coins. PEPE is under new entrants’ pressure while BONK has peaked and may limit its future gains.

$CHOW is still in its launch phase, stands out with strong growth potential. Investors looking for the next big opportunity see this meme coin as a promising alternative. Thanks to its growing community and unique assets, this token is rapidly establishing itself as a key player in the meme market.

Is Now Too Late to Invest in ChowWow ($CHOW)?

The highest returns in meme coins tend to be for the first adopters, especially in the first dip.

ChowWow ($CHOW) is still in presale, and investors have time to enter before the exchange listing potentially pumps up its price.

History has proven that the meme coin market is unpredictable, but a token with a great community and a viral appeal has the ability to see a fast price surge. As ChowWow ($CHOW) goes viral, it is an opportunity for investors to come in before mainstream adoption. It is a play-to-earn and stake-to-earn meme coin with fast transactions on Solana that is so different from other meme coins on the market.

Conclusion

As BONK and PEPE investors scan the market for the next star of meme coins, ChowWow ($CHOW), stands out as an attractive option. With its strong growth, dynamic community support and innovative features, this coin could offer high potential returns. For those looking to capitalize on an opportunity before it explodes, ChowWow ($CHOW) is worth keeping a close eye on.

To learn more, visit the official ChowWow website or join the growing community on Twitter.

Visit ChowWow Presale Now

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Metaplanet Bitcoin Acquisition Spree Hits Notable Milestone with Latest Purchase

Okoya David
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Metaplanet Bitcoin Acquisition Spree Hits Notable Milestone with Latest Purchase

Japan’s answer to MicroStrategy has hit a key milestone in its Bitcoin acquisition strategy.

On Thursday, February 20, Metaplanet disclosed that it now held 2,100 BTC or about 0.01% of the total Bitcoin supply. The feat follows the firm’s latest purchase of 68.59 BTC for approximately $6.6 million at an average price of $96,335 per Bitcoin.

With the milestone, the firm is now closer to reclaiming a spot among the top 15 corporate holders of Bitcoin, only 42 BTC behind Cipher Mining, according to BitBO data.

Interestingly, Metaplanet’s share price jumped 2.78% to ¥6,290 or about $42 on the news.

Recall that at the end of January 2025, Metaplanet stated that it intended to accumulate 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by the end of 2026.

To achieve this, the firm announced a “21 Million Plan,” which will see it issue 21 million shares of 0% discount moving warrants to raise approximately $745 million. At the time, the firm asserted that the plan would constitute the largest-ever capital raise to purchase Bitcoin in Asian equity markets.

On Thursday, Metaplanet Director of Bitcoin Strategy Dylan LeClair disclosed that the firm had already raised approximately $20 million in the first two days of launching this 21 Million Plan.

Since kicking off its Bitcoin strategy in April 2024, Metaplanet’s stock price has surged over 3,000%, the best-performing stock in Japan within the period.

The growth comes as the firm’s Bitcoin strategy appears to be yielding results for shareholders, further driving up demand. In Q1 2024, it posted a BTC yield of 309.8% and is already posting a yield of 18% year-to-date (YTD).

The BTC yield is a concept coined by Michael Saylor’s MicroStrategy used to gauge the effectiveness of a Bitcoin treasury strategy. It refers to the percentage change in Bitcoin held by the firm relative to its total number of shares.

“Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell,” Metaplanet’s Dylan LeClair asserted in January 2025.

Insider Trading Exposed: How High-Frequency Traders Pocket Millions in LIBRA’s Short-Lived Boom

Albert Brown
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Insider Trading Exposed: How High-Frequency Traders Pocket Millions in LIBRA’s Short-Lived Boom

Nansen Research has analyzed the events following the launch of LIBRA, a controversial token initially promoted by Argentina’s President Javier Milei. 

On February 14, 2025, Milei publicly endorsed LIBRA, framing it as a means to support small businesses in Argentina. Following his endorsement, the token quickly surged in value, reaching a peak valuation of $4.5 billion.

Nansen highlights that the token was minted at 21:38 UTC, and by 22:01 UTC, Milei’s tweet had sparked widespread interest. 

Early buyers, including algorithmic traders and high-frequency snipers, entered the market, accelerating the token’s rapid price increase. By 22:44 UTC, LIBRA had reached a high of $4.55 before experiencing an immediate decline. 

Later, Hayden Davis, who was involved in the project, dismissed LIBRA as a meme coin, contradicting the earlier narrative. Subsequently, Milei deleted his endorsement tweet after the token price had dropped by 80%. His later statement distanced himself from the project, claiming he had no prior knowledge of its details.

Insider Trading Evidence

Onchain data revealed significant financial losses for many traders. By February 18, the number of unique holders had dropped from 50,700 to 35,770.

Among the wallets that experienced a gain or loss exceeding $1,000, approximately 86.07% recorded losses totaling $251 million. Meanwhile, only 2,101 wallets secured profits, accumulating approximately $180 million.

Several high-frequency trading wallets showed signs of insider trading. Two wallets that purchased LIBRA at 22:01 UTC and exited by 22:44 UTC realized gains of $5.4 million, with one wallet profiting $5.1 million alone.

Another wallet, HyzGo2, was among the most successful, indicating strategic early buying and selling behavior. Conversely, some wallets, including XRfKhaCA, lost significant sums, with XRfKhaCA losing $407,000 from an initial investment of $6.5 million.

Other wallets displayed links to prominent traders and possible insider knowledge. The address dysphoria.sol gained $341,000 from LIBRA and had prior profits from tokens such as TRUMP and MELANIA.

Additionally, blockchain interactions indicated that traders associated with the same Bybit hot wallet executed transactions in a coordinated manner. This further raised concerns about insider involvement.

Continued Trading Despite Controversy

Despite the token’s initial collapse, some wallets continued trading LIBRA beyond February 15. A notable price movement occurred on February 17, when Milei reshared a tweet stating that LIBRA was not easily accessible to retail investors.

The price briefly surged by 125% before retracing within 24 hours. However, between February 16 and 18, around 70% of active wallets still recorded losses.

Further analysis indicated significant unrealized losses. Around 1,001 wallets held the token with unrealized losses amounting to $11 million, while only 71 wallets maintained unrealized gains of $0.54 million.

Specifically, a crypto whale suffered losses totaling $2.78 million across two separate trades. Three days prior, the trader spent 17,450 SOL ($3.25 million) to acquire LIBRA but later sold for just 3,200 $SOL ($595,000), incurring a $2.65 million loss. In a previous attempt, the same trader lost $1.76 million on LIBRA.

Meanwhile, another trader saw a net profit of $7.32 million from TRUMP but took losses of $617,000 due to MELANIA and an additional $1.76 million from LIBRA.

In response to the turmoil surrounding LIBRA, Binance founder CZ donated 150 BNB ($100,000) to assist affected users. Shortly after, an entity behind the newly created token “Broccoli” liquidated its holdings and transferred the same amount—150 BNB ($100,000)—to CZ’s wallet.

 

Profitable Snipers

Per Nansen, one sniper profited $6.5 million, with blockchain data linking the wallet’s funding source to Bybit and multiple trading bots.

Another significant player, 8bZsrR, appeared to generate $25 million in profits. Still, additional transaction analysis showed that this figure included token transfers to seven separate wallets, some of which exited at a loss.

The situation also impacted the broader crypto market. The LIBRA collapse coincided with a decline in Solana’s total value locked (TVL), dropping from $12.1 billion to $8.29 billion, as traders reassessed the risk of speculative tokens. 

Is Another Dogecoin Dip Coming? Analyst Breaks Down Key Support and Resistance Levels

Abdulkarim Abdulwahab
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An analyst from the More Crypto Online YouTube channel recently discussed Dogecoin’s recent price action and warned of the possibility of another dip.

He pointed out that Dogecoin has been stuck in a sideways consolidation phase over the last ten days. After the major February 3 selloff, the price briefly recovered but failed to break above the key $0.34 resistance level.

According to the analyst, this action has trapped the price in a stagnant range, with no significant upward movement yet.

Amid the ongoing sideways movement, the analyst suggested a potential for a new low. He explained that the current price action indicates Dogecoin could still be following an ABC structure.

If this structure holds, the C-wave would typically end below the A-wave low, meaning a dip below the recent low of $0.238 could be likely. At press time, Dogecoin is trading at $0.256, showing a modest 0.83% gain on the day.

Key Levels to Watch for Dogecoin Bullish Thesis

The analyst emphasized that the bullish outlook remains intact as long as Dogecoin holds above the $0.22 level. This price point aligns with the 78.6% Fibonacci retracement, and staying above it would support the ongoing bullish thesis.

However, a break below $0.22 could invalidate the current bullish scenario, with the next significant invalidation level around $0.204.

What Comes Next for DOGE

Meanwhile, if Dogecoin remains above this critical support level, the market could recover and begin the third wave of a bullish move. 

Specifically, the analyst noted that for Dogecoin to confirm a reversal and start an upward trend, it would need to break above the first key signal line at $0.293. A more significant signal of a trend change will come if the price breaks above the upper signal line at $0.342.

Overall, the analyst mentioned that the broader market, including Dogecoin, has been moving sideways recently, with more bearish days. 

While some coins like Solana have seen sharp corrections, Dogecoin has held its ground relatively well. However, with the potential for another dip, investors are advised to monitor the $0.22 support to maintain a bullish outlook.

Moreover, Dogecoin’s bull comeback would hinge on Bitcoin maintaining its price level around $97K or reclaiming the $100K mark. Over the past day, Bitcoin has posted a 1.45% gain.

Coinbase CEO Says Bitcoin Can Be Considered a Meme Coin

Lele Jima
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Coinbase CEO Says Bitcoin Can Be Considered a Meme Coin

Brian Armstrong, CEO of U.S. crypto exchange Coinbase, suggests that Bitcoin (BTC), in some sense, can be considered a meme coin. 

Armstrong made the bold assertion yesterday in a post on X on Wednesday, where he acknowledged the rise of meme coins. 

He pointed out that while meme coins are gaining traction lately, they have existed since the early days of crypto, highlighting Dogecoin (DOGE) as a prime example. 

Notably, he characterized Bitcoin, in some sense, as a meme coin, suggesting it was initially created as a joke. His reasoning stems from how Bitcoin, like meme coins, generated its value from collective belief rather than having its intrinsic value. 

The Coinbase CEO said some people consider the U.S. dollar a meme coin following its disconnection from gold. Despite this, the dollar has remained valuable as people still believe in it, using the fiat for international settlements. 

The Bigger Picture 

Armstrong noted that while many may think less of meme coins, they could play a significant role in tokenizing everything on the blockchain, ranging from media content to contracts. Instead of considering meme coins silly, he advised people to keep an open mind about their potential use cases. 

Meanwhile, he acknowledged how some meme coins have gone too far, with bad actors utilizing them for insider trading. Notably, he emphasized the need to purge illicit actors within the meme coin space and encourage legitimate developers who are building lasting value. 

“We want to onboard the next billion users on-chain. The only way to do this is by building products and services that people want,” Armstrong remarked. 

How Coinbase Is Approaching Meme Coins  

Furthermore, the Coinbase CEO shed light on how the exchange handles the listing of meme coins on its platform. 

He revealed that Coinbase’s core philosophy revolves around ‘free market capitalism.’ Under this policy, the exchange grants users access to tokens that are legal and in high demand. 

However, it tries to distinguish between fraudulent and low-quality meme coins. While Coinbase delists any fraudulent meme coin, the low-quality tokens will still be available on the platform, allowing users to rely on community feedback to ascertain whether to trade them. 

Here’s How Much Bitcoin the G8 Countries Will Have if They Reallocate Just 5% of Their Gold Stash

Elendu Benedict
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Here’s How Much Bitcoin the G8 Countries Will Have if They Reallocate Just 5% of Their Gold Stash

Matthew Sigel, head of digital asset research at VanEck, has explained how just 5% of the G8’s reallocations from gold could impact Bitcoin supply.

The world is slowly warming to Bitcoin and digital assets. Once viewed as highly speculative and lacking in intrinsic value, the pioneering crypto asset has forged a reputation as a store of value and digital gold.

Since Donald Trump proposed a national Bitcoin stockpile, the prospects of holding the asset as a reserve asset have trended among nation-states. While the United States has yet to establish one, other countries are already looking to get ahead of the adoption curve.

Meanwhile, pro-Bitcoin Republican Senator Cynthia Lummis has teased the idea of reallocating some US gold reserves to Bitcoin. With the concept still viewed as a viable option to create the Bitcoin reserve asset, Sigel has assessed the liquidity it would attract to the crypto asset.

G8 Countries’s 5% Reallocation Massive for Bitcoin

The VanEck executive did not just assess the possible impact of the reallocation for the US; he also shared the impact of a similar ploy among the G8. For context, the G8 countries consist of eight of the most technologically advanced countries in the world.

In a Wednesday post, Sigel shared that if these high-caliber countries shift just 5% of their gold reserves to Bitcoin, they will outhold the US spot exchange-traded funds (ETFs). Notably, the Bitcoin products are the largest Bitcoin holders cumulatively.

Sigel highlights that the G8 countries are the United States, Germany, Italy, France, Russia, China, Switzerland, and Japan. Meanwhile, data shows that they hold over 30,000 tons of gold, amounting to roughly $2.9 trillion.

G8 Outcome with Different Gold Reallocation to Bitcoin/VanEck

If they allocated just 5% of their stash to buying Bitcoin, they would inject $145 billion into the market. At the current price, the stash would be worth about 1.48 million BTC, more than 5% of Bitcoin’s total supply.

Is It Feasible?

Notably, America, Russia, Switzerland, and Japan are the only countries among the eight that currently have a friendly stance towards Bitcoin. The prospect of a national Bitcoin reserve is under deliberation in the US, Russia, and Switzerland, while Japan has only just warmed up to the innovation recently.

China has banned crypto in its mainland, and other members of the G8 have been lackluster towards Bitcoin. Nonetheless, with the innovation slowly going mainstream, the possibility of these gold reserve reallocations cannot be entirely ruled out.

Bitcoin LTHs Reduce Sales by 60%, CryptoQuant Analyst Identifies Next Price at Which They Could Resume

Sam Wisdom Raphael
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Bitcoin LTHs Reduce Sales by 60%, CryptoQuant Analyst Identifies Next Price at Which They Could Resume

CryptoQuant analyst Axel Adler Jr. has identified a drop in Bitcoin long-term holders (LTHs) selloffs, predicting the next price at which the high selloffs could resume.

Citing on-chain data from CryptoQuant, Adler Jr. revealed that these investors, who have held Bitcoin for at least 155 days, have reduced their daily Bitcoin spending by 60%. Notably, they sold an average of 100,000 BTC per day when Bitcoin traded around the $100,000 range.

Now, their selloffs have reduced to about 40,000 BTC every day. This decline indicates a shift in market sentiment among these experienced investors, as they hold onto their assets, anticipating the next big move.

Next Bitcoin Price for Possible LTH Selloffs

According to Adler Jr., the next major price level where these investors could resume heavy selling is $120,000. If Bitcoin reaches this threshold, LTHs will have achieved a 500% profit on their holdings. 

Historical trends indicate that this level of profitability typically triggers intense sell-offs. A similar scenario unfolded in March 2024, when Bitcoin surged to an all-time high of $73,000. At that point, long-term holders had reached a 500% profit, leading to a sharp increase in selling activity.

Bitcoin Long-Term Holder Behavior Analysis CryptoQuant
Bitcoin Long-Term Holder Behavior Analysis | CryptoQuant

Another wave of significant selling took place in November 2024 when Bitcoin approached $100,000. Although it hadn’t quite reached the 500% profit mark, it was close enough to prompt many investors to cash out. 

Since then, LTHs have slowed their selling, but Adler Jr. believes if Bitcoin crosses $120,000, a new all-time high, they will likely resume heavy sales, as profitability would reach the 500% mark. This resumption of high spending could potentially cap further price increases.

Bitcoin Needs to Close This Week Above $97,000

With Bitcoin currently consolidating below the $100,000 mark, analysts continue to anticipate the next decisive move. In a recent commentary, Koroush AK stressed that Bitcoin has shown resilience in holding above $92,000 despite prevailing uncertainty. 

BTC 1D Chart Koroush AK
BTC 1D Chart | Koroush AK

However, he is cautious, noting that he would avoid long positions until Bitcoin firmly reclaims $100,000 as support. He warned of potential rejections if Bitcoin fails to break past this psychological level convincingly.

Meanwhile, Rekt Capital, another prominent market analyst, pointed out that Bitcoin needs to secure a weekly close above $97,000. The asset has failed to do this over the past two weeks as bearish pressure mounts throughout February.

Rekt Capital noted that for the past three weeks, Bitcoin has been wicking below a key triangular market structure while still maintaining its overall pattern. Closing above this level would strengthen Bitcoin’s bullish trajectory and signal continued upward momentum.

BTC Remains Bullish 

However, as bullish sentiments continue to wane, analyst Luca explained today that Bitcoin’s current price behavior fits into a recurring psychological cycle seen throughout this market cycle. 

He noted that each consolidation range has sparked skepticism, fear, and impatience among traders. Earlier in the cycle, Bitcoin’s rise was dismissed as a bear market rally, and later, when ETFs launched, many expected a steep correction. 

At $49,000, recession fears fueled speculation that the cycle had peaked. Now, despite strong Bitcoin dominance and no major liquidity shifts into altcoins, some traders claim this phase represents a distribution period.

Luca argues that true distribution happens when price deviations move upward, shorts get massively squeezed, and euphoria dominates the market. 

He believes the ultimate cycle top will form when traders become overly confident in Bitcoin’s continued growth, expecting an endless rally. At that point, massive liquidity shifts will occur, and the long-awaited altcoin season will begin.

Bitcoin currently trades at $97,744, with just three days left to secure a weekly close above $97,000. If the price remains stable, it could reinforce the bullish market structure. However, investors remain on edge, as macroeconomic uncertainty could trigger another surprise downturn.

Cardano Price Set for 24% Move According to This Analyst: What You Need To Know

Okoya David
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0
Cardano Price Set for 24% Move According to This Analyst: What You Need To Know

The Cardano price may be set for an explosive move, according to one leading analyst.

In an X post on Wednesday, February 19, prominent analyst Ali Martinez asserted that ADA was primed for a 24% move. The analyst cited an ascending triangle pattern on the asset’s 3-hour candle chart to support this view.

The market watcher noted that the levels to watch are $0.74 and $0.83, with a sustained break of either level determining the direction of the move.

Particularly, a 24% decline from the $0.74 price level will see ADA drop to $0.56. On the other hand, a 24% increase from $0.83 will take ADA back above the psychologically important $1 price point.

Cardano trades within an ascending triangle pattern on 3 hour candle chart
Cardano trades within an ascending triangle pattern on 3 hour candle chart. Source: Ali Martinez

Interestingly, a recent analysis from Martinez favors a move to the upside. On February 12, he had asserted that the asset looked primed to run up to the $0.83 price point, citing a breakout from a descending triangle chart pattern to the upside on a smaller time frame.

Martinez’s most recent ADA projection comes as the broad crypto market continues to face uncertainty amid macroeconomic concerns. ADA, for one, has dropped as much as 58% from its local highs of $1.3278 formed in early December 2024 amid the rout.

Meanwhile, the asset’s recent bounce from the lows was sparked by excitement surrounding a spot exchange-traded fund application from Grayscale.

ADA is trading at the $0.79 price point at the time of writing, representing a 2.7% gain in the past 24 hours.

XRP Price If It Gains 50% Share of Global Crypto Market

Abdulkarim Abdulwahab
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0
XRP Price If It Gains 50% Share of Global Crypto Market

XRP could see its valuation surge to the multi-trillion-dollar range if it ever commanded a 50% share of the global crypto market.

Since this year, XRP has continued to consolidate its position as the third-largest crypto asset, trailing only Bitcoin and Ethereum.

This followed its nearly 6x price growth since November 2024, elevating it in the market rankings. Amid this impressive ascent, holders continue to have high hopes for their beloved token.

Speculations about how high XRP could go are wild in the crypto community. Some have argued for multi-trillion-dollar valuations, a position only Bitcoin currently enjoys. In light of this, The Crypto Basic explored a scenario where XRP commands 50% of the global crypto market.

XRP Price if It Gains 50% of Global Crypto Market

As of today, the global crypto market is $3.2 trillion. Of this market, XRP covers $156 billion. At this valuation, XRP makes up 4.875% of the total crypto market cap. What if XRP commanded 50%?

Notably, Bitcoin alone currently has a market cap that surpasses half of the entire crypto market. Some believe a similar scenario could play out for XRP someday.

In a scenario where XRP sees its valuation advance to the extent that it makes up 50% of the global crypto market, its market cap would be $1.6 trillion, given the current valuation of $3.2 trillion. Considering a circulating supply of 57.81 billion tokens, a $1.6 trillion cap would mean a unit price of $27.65 for XRP.

Notably, this $27 price point is among the widely projected valuations for XRP by analysts like Egrag. However, these analysts do not suggest XRP would attain this valuation by commanding 50% of the global crypto market.

What XRP Controlling 50% of the Total Crypto Market Means

The view of XRP attaining 50% of the crypto market is largely speculative. In particular, for XRP to control half of the crypto market, other assets—including Bitcoin, Ethereum, Tether, Solana, BNB, and others—would need to share the other half of the market.

In perspective, in a $10 trillion crypto market, for instance, XRP would have a $5 trillion market cap, while Bitcoin and the other assets share the other half.

This essentially suggests a hypothetical scenario where XRP dethrones Bitcoin to become the leading asset. For context, Bitcoin has a $1.93 trillion cap, which enables it to command 60% of the entire crypto market. 

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