A prominent analyst says XRP prepares for an explosion while highlighting two other altcoins on its radar.
The person known in the industry as Credible told his 243,400 Twitter followers that XRP is ready to soar higher on its Bitcoin (XRP / BTC) pair.
“Bullish, XRP”.
XRP / BTC Weekly Inverted Chart | The source: Credible / Twitter
The analyst turns the chart of XRP / BTC upside down, showing that the pair is ready to rebound to $ 0.000055 BTC worth $ 2.54. This move represents a potential increase of over 160% from the current price of 0.00021 BTC ($ 0.89 USD).
Credible is also bullish on the Curve (CRV) and Pancake Swap (CAKE) decentralized exchanges.
analyst share Data from Coin98 Analytics shows that CRV leads the decentralized exchange market in terms of Total Value Locked (TVL) at over $ 13.2 billion to date. CAKE ranks third with $ 4.74 billion in TVL for the same period.
“A lot of people don’t pay attention to CRV and CAKE. I don’t. Especially in the last month or two. There is still time to get on board, but it won’t be long. “
#DEX is the main Lego of #DeFi. Which DEX do you use most often? pic.twitter.com/0oidcLkhKZ
– Coin98 Analytics (@ Coin98Analytics) September 24, 2021
The analyst also gave an update on Bitcoin’s dominance (BTC.D). He expects altcoins to fly while Bitcoin is tied to range in the near future, which will bring Bitcoin’s dominance to a new all-time low.
“BTC.D hit 49%, 1% below my target. Close enough. Expect BTC to hover in a range in the coming weeks / months that will allow Altcoins to move higher and take BTC dominance to new all-time lows.
BTC.D weekly chart | The source: Credible / Twitter
You can see the Bitcoin price here.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
SN_Nour
According to Beincrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.