Crypto analyst Ali Martinez expects a big move for DOGE. Analyst alias CoinsKid predicts an explosive rise for XRP. Analyst Ikemefula Aruogu says 3 DeFi altcoin projects are preparing to rally. Crypto analyst Rudy Fares shares 3 altcoins to buy.
DOGE goes to the moon? The expert predicts a big move!
Crypto analyst Ali Martinez voices his views on the current state of Dogecoin (DOGE). Martinez says that Dogecoin is on the verge of a breakout. Therefore, she believes it presents an interesting opportunity for investors. Analyzing key resistance levels and historical data on address accumulation, Martinez predicts a potential 10% price increase should DOGE break the $0.75 supply wall. According to the analyst, breaking the $0.75 supply wall will trigger a notable spike in Dogecoin’s price. Thus, it will raise it to $0.85. This price level is significant due to the presence of approximately 176,000 addresses, which have previously purchased more than 12.34 billion DOGE.
This accumulation by a significant number of investors indicates a level of psychological and strategic support. It also makes this level an important threshold for potential price movements.
Expert: XRP is likely to reach $6 this year
cryptocoin.comAs you follow, after the legal stalemate between the US Securities and Exchange Commission (SEC) and Ripple, which ended with a positive result for the cryptocurrency industry, the token XRP at the center of the case rose. Crypto analyst CoinsKid explains the technical analysis (TA) behind it, comparing the current situation to that in 2020.
The expert highlights the possibility of a pullback and a return to a support level before the XRP token potentially makes another upward move as in 2020. So, he advises to buy during pullbacks rather than big green candlestick moves. CoinsKid also says that XRP is forming an ascending triangle chart pattern. According to the expert, it will likely peak by the end of 2023 as XRP reaches the $6 mark. In this context, the expert makes the following statement:
Big wave #3 should theoretically have the strength to break the April 2021 high and potentially the all-time high (ATH) for XRP. So relax, calm down and let the next few weeks pass in crypto. Because we have DXY, which is obviously very volatile and really oversold.
3 DeFi altcoins prepare to rally: LDO, UNI and AAVE
Lido Finance (LDO)
Lido is one of the most famous liquid staking protocols in the crypto industry. LDO consolidated after the first surge in Q1 2023. It dropped to $1.58 after hitting a year-high $3.41. However, LDO continued an uptrend supported by a long-term trendline spanning more than a year.
LDO recently broke above a downtrend line on the weekly timeframe. So, there is a possibility of reaching higher price levels. Data from DeFiLlama also shows a steady increase in LDO’s Total Locked Value (TVL). This reflects the flow of capital into the ecosystem of the liquid staking protocol.
Uniswap (UNI)
Uniswap is a leading DeFi protocol that enables token swaps and trades. Governance token UNI has seen an impressive rise over the past few weeks. UNI has climbed from a low of $3.6 to a current price of $6.0 since mid-June. The latest rally reflects a 67% gain in about a month.
The weekly price chart shows that the price has moved above a long-term downtrend line. This marks a significant breakout to the upside. It also reflects a sustained momentum for the current price rally. The rally started after UNI formed a double bottom that spanned over a year. Analysts expect UNI’s price increase to continue despite the $3.84 billion TVL that has remained relatively flat since the start of the year.
AAVE (AAVE)
Aave is a decentralized crypto lending platform with a native token AAVE that can earn interest through staking. Aave’s price rose 87% last month, from $47.18 to $88.06. Despite the bullish momentum continuing, the price dropped to $77.86 at the time of writing.
Aave broke above a long-term trendline with the current rally after bouncing off support formed by multiple bottoms. Users believe that the launch of GHO, a decentralized stablecoin on Aave, will increase the adoption level of the protocol and support potential price increase. Meanwhile, DeFiLlama data shows Aave’s TVL rose from $3.697 billion in January to $6.09 billion at the time of this writing. This reflects the flow of funds into the protocol’s ecosystem and increased adoption of the Aave protocol.
Top 3 altcoins to buy
Ripple (XRP): More than just a cryptocurrency
Ripple (XRP), which is at the top of our list, is much more than a digital currency. An innovative technology that doubles as a digital payment protocol for financial transactions. Ripple enables fast and low-cost international money transfers.
Meanwhile, Ripple’s resilience in the face of market fluctuations has put it on the investors’ radar. Its adaptability and growing acceptance among banking institutions suggest it could see significant growth in the event of a bull run.
Litecoin (LTC): The silver of Bitcoin’s gold
Next on the list is Litecoin (LTC). Often referred to as the ‘silver of Bitcoin’s gold’, Litecoin has been a stable player in the cryptocurrency market. Created by Charlie Lee in 2011, the altcoin was one of the first cryptocurrencies to follow Bitcoin. In addition, it has firmly consolidated its position in the market.
Among the advantages of Litecoin is a faster block generation rate and a PoW script that allows for faster transactions. Given its strong market presence and consistent performance, Litecoin is a promising competitor to consider before a potential bull run.
Cardano (ADA): Its potential will be revealed soon
Cardano’s unique two-tier architecture provides a secure, scalable and sustainable platform for the development and execution of smart contracts and decentralized applications (dApps). What makes Cardano important is not only its technical strength; His commitment to accountability, transparency and inclusiveness in his activities is also interesting.
While Cardano doesn’t have as long a history as some other cryptos, its revolutionary approach and promising technology make it an exciting grip in anticipation of a potential bull run.
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