Experts Discuss Best Strategy To Make Money From Crypto As XRP, Ethereum & Bitcoin Set for Another Rally
The post Experts Discuss Best Strategy To Make Money From Crypto As XRP, Ethereum & Bitcoin Set for Another Rally appeared on BitcoinEthereumNews.com.
The crypto market is hot with investors watching XRP, Ethereum, and Bitcoin for great rallies. Nevertheless, Lunex Network is attracting headlines with over $3.7 million raised so far in its presale with expectations to reach $5 million by the end of December 2024. This particular surge demonstrates growing opportunities for both experienced traders and newcomers. XRP Soars Over 200%, But Analysts Warn of Possible Short-Term Correction XRP has jumped over 200% within the past month and reached $1.70 on November 29, 2024. This makes XRP the fifth largest cryptocurrency by market size, just behind Tether, Ethereum, Bitcoin, and Solana. Enthusiasts are optimistic, with predictions like $10 if XRP breaches $2 and a potential $13 value from analysts such as Mikybull Crypto and Cryptoinsightuk. Factors accelerating XRP’s rally include Gary Gensler leaving the SEC and speculation about Ripple’s stablecoin launch. But traders need to be cautious. XRP’s RSI is 72, indicating overbought conditions which might trigger a short-term pullback before additional gains. Ethereum’s Smart Contracts Drive Innovation and Growth Ethereum stayed resilient despite Bitcoin’s recent dip, with a November 29 trading price of $3,610.2. Ethereum’s robust smart contract technology and consistent network upgrades keep attracting users and boosting ETH’s value. Today, Ethereum is the 2nd largest cryptocurrency by market cap at $434.1 billion. Year-to-date, Ethereum has risen 33%, coming off its 50% high earlier this month. Analysts believe Ethereum might surpass $18,603 by 2029. Also, soaring demand for Ethereum’s blockchain has produced fluctuating gas fees demonstrating its ongoing adoption. Bitcoin dipped below $95K recently, triggering memories of the 2020 “Thanksgiving Massacre.” Regardless of the drop, Bitcoin remains a powerful asset currently at $96,972. Japanese firm Metaplanet plans to raise $62 million to grow its Bitcoin holdings, reflecting confidence in the asset’s long-term prospects and this could push BTC past the…
Filed under: News - @ December 1, 2024 2:28 pm