Solana is experiencing significant growth, but it still has hurdles to overcome to surpass Ethereum, according to IntoTheBlock's Juan Pellicer. Solana’s strengths include high throughput and low transaction costs, but Ethereum excels in DeFi and decentralization, maintaining its dominance.
Juan Pellicer anticipates significant crypto regulations impacting US and EU adoption during Trump’s pro-crypto administration.
XRP's price has surged 267% this month to $1.84, driven by whale accumulation and positive sentiment in cryptocurrency markets. With institutional interest and strategic positioning in global payments, XRP may reach $2.00, though concerns about profit-taking could affect its future trajectory. Overall, the outlook remains bullish.
Bitcoin's December outlook remains optimistic despite setbacks. Analysts expect BTC to surpass $100,000, driven by institutional demand. Recent ETF outflows and whale accumulation influence market sentiment. Resistance near $105,000 could challenge upward momentum.
Ethereum's bullish outlook for December 2024 depends on breaking the $4,000 mark. Analysts highlight large holder accumulation and derivatives market funding rates as key factors. While market indicators suggest potential growth, resistance at $3,600 and shifts in large holders' behavior could pose challenges.
XRP struggles to maintain the $0.51 support level, concerning long-term investors. Despite recent price slippage, the asset shows resilience and potential for recovery. Factors affecting stability include the Mean Coin Age and Network Value to Transactions ratio. Flipping resistances into supports is key for future XRP gains.
Crypto whales have bought 1 billion Dogecoin, worth $100 million, aiming to stabilize DOGE's price which recently fell. This heavy buying could spark a bullish turnaround by encouraging more investor interest and reducing selling pressure.
Crypto whales are buying Ethereum, Dogecoin, and Toncoin ahead of October, signaling potential gains. Their accumulation suggests strong interest from institutional investors in established assets.
Bitcoin whales continue holding their assets as new signals imply the bull cycle is not over. Bybit's report shows ongoing bullishness, despite Bitcoin struggling below $60,000, due to long-term accumulation behaviors and institutional interest.
Bitcoin faced a significant price drop from $58,000 to $49,000 on August 5. However, data suggests that BTC is not overvalued yet, and future gains are possible. Institutional investors' activities and the recent increase in active addresses could stabilize BTC prices around $57,255.
BTC price trades above $71,600, boosting altcoin appetite, with altcoin season dependent on Bitcoin's performance, says Juan Pellicer.