Ripple (#XRP ): Analyst Helkin Ashi is bullish on the rally Analyst Helkin Ashi, known by the handle “LUDXRPFLR” on X, pointed out a potential scenario in a recent analysis of XRP’s current patterns. Ashi, who somewhat follows XRP’s past trends, noted that the breakout from consolidation was achieved in a significant amount in 2017/2018. Ashi predicted that XRP could experience similar durability as in its last cycle, and predicted a rally that could carry XRP to $16 in its medium-term life.
In a previous analysis, he pointed out that XRP’s full uptrend could take the asset to 305 directions. As a result, the analyst noted that XRP’s current low was a rally from the previous high. With XRP currently valued above $0.5, 305 would mark a staggering 57,155% total.
Cardano (#ADA ): Evolution and rise are predicted Cardano has been showing resilience with an 88% pullback from the recent high, which is less severe than the 92% drop in the previous cycle. Data from token unlocks reveals that Cardano will release 18.53 million ADA tokens worth $6.5 million with a single deep unlock this October. Since the last bull run, Cardano has become a community-owned project.
A decentralized governance model was created for Cardano’s aggregation from blockchain management Input Output Global (IOG). Cardano founder Charles Hoskinson said that Cardano would become the largest crypto ecosystem after its rise.
The analyst also highlighted other developments in the Cardano ecosystem, including IOG burning its Genesis keys, which could increase its potential 100x in the next ADA bull run.
Solana (#SOL ): Geoff Kendrick predicts a five-fold increase Data from Artemis Terminal shows that Solana’s active addresses have increased from 509,000 users to over 100 million by the beginning of 2024. This impressive increase in user activity is not seen as a reflection of the platform’s popularity and growing interest in its ecosystem. However, a deeper analysis reveals a disturbing pattern: much of this active spending is almost empty.
Meanwhile, Solana’s price appears to be in for a bigger drop, hovering between $141.13 and $145.13. However, on an optimistic note, market insiders like Geoff Kendrick of Standard Chartered have made bold predictions about Solana’s future. Kendrick predicts that Solana’s price could increase five-fold by the end of 2025, reaching around $715, once Donald Trump wins the next presidential election.
