The Bitcoin and altcoin world is approaching a new season step by step. Many people have already started to create their cryptocurrency basket. Three cryptocurrencies are mentioned. Let’s look at the details together.
Will Altcoin Ethereum exceed $2,000?
Ethereum price has increased nearly 15% since October 22. Despite the recent rally, altcoin ETH needs to hold significant levels to rise. These levels are between $1,727 and $1,650. Now the price has reached a significant level of $ 1,870. Accordingly, the price reaching this level indicates that new levels are on the cards.
A strong bounce will push Ethereum price above the $2,000 psychological level. On the other hand, exceeding this level will move the price towards $2,030. Altcoin Ethereum last tried to surpass this level in mid-April. However, at that time, he had failed to surpass this level. The $2,030 level is an important level. Because if altcoin ETH passes this level, it will open the way to $ 2,424.
Uniswap community’s action may affect price
The Uniswap community has accepted a proposal to invest $12 million worth of UNI in Ekubo Protocol, an automated market maker. The revenue of the altcoin Uniswap protocol last week reached 23.15 million dollars. Accordingly, Uniswap has surpassed its competitors PancakeSwap, Curve and Balancer several times. UNI price remained stable above the $4.13 level on Binance as the asset attempted to recover.
According to the data of Spot on Chain, which tracks token movements on the on-chain, Uniswap Foundation is making important transfers. Accordingly, in the last six days, Kraken deposited a total of 9.8 million UNI tokens worth $41.8 million to the FalconX and OKX cryptocurrency exchange platforms. These deposits increased UNI reserves on the exchanges.
If this happens, XRP price has the potential to drop 12%
Akash Girimath, one of the famous analysts, evaluated the XRP price trend. Accordingly, he predicted a 12% decline in assets. Girimath’s thesis is based on a surge in altcoin XRP whale trading to a local peak at $0.586. The XRP price rose 20% between October 19-24, reaching the asset’s local peak. Ripple price is down around 7% since the local peak. Additionally, the analyst predicts further declines in XRP price in the absence of bulls. The price decline could lead to a break of the $0.540 support level. On the other hand, altcoin XRP may decline to $0.50 before reaching lower levels.
On the other hand, the continuation of the upward momentum will bring the price of altcoin XRP to $ 0.668. However, we should point out that these levels are not satisfactory for XRP investors. Because when we look at it as Kriptokoin.com, these levels are lower than the increase experienced in the summer months. XRP approached the 1 dollar level in the summer months due to the effect of the court decision.
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