Market Data Hints At 500x XRP Rally In Upcoming Altcoin Season
18 Ottobre 2024 - 1:30PM
NEWSBTC
According to market analysis, XRP might be near to having a
significant price blowup. The next altcoin season could go anywhere
from 10x to the amazing 500x, experts believe. Two important charts
by renowned market analyst Kevin Cage on XRP’s relationship with
Bitcoin’s supremacy in past bull markets form the basis of this
favorable prediction. The Last 2 Times $XRP Pumped Was during the
previous 2 Alt Seasons when #Bitcoin was drawing higher highs
first. 2017: Over 500X (over 300x with Monthly Candle Bodies) 2021:
10x (During Lawsuit & Exchange Delistings) Will history rhyme
or will the future be different?… pic.twitter.com/V8nb9yh8qR —
Kevin Cage (@Kevin_Cage_) October 16, 2024 Recently, financial
analyst Gary Cardone generated enthusiasm within the XRP community
with a cryptic tweet suggesting a possible “launch” for the
cryptocurrency. Historically, Bitcoin’s market dominance has
significantly influenced the performance of altcoins, such as XRP.
When Bitcoin’s dominance declines, altcoins frequently experience
significant increases. Related Reading: WLFI Token Launch, Backed
By Trump, Falls Flat On $300 Million Fundraising Target We are
waiting….I confirmed w/ authorities they are ready for you, this
was the message; XRP- LAUNCH PAD IS: Green……. Proceed with launch
codes….. Repeat: Launch pad is green lite for XRP. XRP may Launch.
General Barnaby Anushopium https://t.co/JB2BMQDoHs — Gary Cardone
(@GaryCardone) October 15, 2024 This trend was apparent in previous
altcoin seasons, as XRP flourished when Bitcoin’s market dominance
diminished. Proponents such as Zach Rector assert that XRP is
poised for a substantial breakout, bolstering the belief that the
token’s future may be promising. Historical Performance Indicates
Potential Cage emphasizes two critical epochs in XRP’s history.
During the 2017 bull market, XRP surged more than 500-fold,
increasing from $0.006 to $3.50 by early 2018. This increase
occurred as Bitcoin’s dominance decreased from 95.91% to 35.46%.
Altcoins including XRP surged significantly when Bitcoin fell,
grabbing the chance to shine. Though delisted from multiple
exchanges and facing legal challenges from the US SEC, XRP had an
incredible 10x gain in value during the 2021 bull run. It increased
from $0.18 to $1.96 with a corresponding decrease in Bitcoin’s
supremacy, which fell from 73.51% to 39.54%. These historical
examples demonstrate a distinct trend: XRP typically excels when
Bitcoin declines. Altcoin: Market Dynamics Currently, Bitcoin’s
dominance is approximately 58%, having recently increased. Should
its dominance begin to wane once more, according to previous
cycles, XRP may be poised for another substantial price surge. A
tenfold rise is possible, which would push XRP above $5. This shows
that altcoin seasons are still a big reason for the token’s price
changes. Even though these predictions are getting a lot of
attention, it’s still not clear how much XRP will rise. Things like
the present lawsuits against Ripple could change how the market
works. The SEC’s recent appeal in its case against Ripple makes
things more complicated. It makes the legal fight last longer and
makes investors less sure of what will happen. Related Reading:
Dogecoin Jumps Over 16% In The Last Week — More Gains To Come?
Community Discourse And Speculation The XRP community is full of
speculations. Cardone’s tweet made while using military imagery
indicated some kind of upcoming development for XRP. Some members
of the community seemed to take it as good news. Supporters of XRP,
such as Zach Rector, interpreted Garry’s tweet as an indication of
the growing recognition of the altcoin. “Gary is hopping onboard
the XRP train,” he remarked. Featured image from HTX, chart from
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