A popular analyst shares an altcoin project he has chosen for the next bull run. According to analyst Qadir AK, both the techniques and fundamentals of Zilliqa and Waves are giving bullish signals. An analyst predicts a 720 percent increase for XRP!
An altcoin for the next bull run: RNDR
Crypto analyst Ben Armstrong, known as BitBoy Crypto, highlights Render Token (RNDR). “Based on the strong fundamentals and interest we saw during bear markets, I think Render could get a lot of jet fuel towards its next bull run,” the famous analyst says.
BitBoy says Render will definitely give it a run. Accordingly, he predicts it will reach resistance around its all-time high at $8. According to the analyst, if Render continues to gain momentum, it is possible to surpass the previous ATH level. Based on this, the analyst shares the following predictions:
In this case, I can see prices go up to $10.00 before hitting some psychological resistance as it tends to reach this level. However, if all goes well and they start to eat away at the market share that giants like Amazon, Microsoft and Google have seized, it’s impossible to know how high Render could go. We could also see it go up to $15 in the next bull run.
Network upgrade and its impact on ZIL price
Zilliqa Network is getting ready to make a major upgrade to its mainnet with v9.2, which will offer various enhancements and new features. These aim to optimize performance and strengthen cross-chain functions. Additionally, the upgrade will improve interoperability between the Ethereum Virtual Machine (EVM) and Scilla. It is possible that this facilitates the NFT creation and initialization process using the ERC-20 and ZRC-2 smart contracts.
ZIL price rebounded from lows in June. It has continued its incremental approach ever since. The price failed to clear the key resistance zone between $0.024 and $0.025 as it faced a rejection after a contact. Also, the RSI is fluctuating. But ADX is on the rise. This suggests that the price will likely trigger a bullish rebound soon. It is possible that the main-net upgrade could help push the price above $0.025. This is also likely to push the price above $0.028 very soon.
Network upgrade and its impact on WAVES price
Waves Network is also undergoing a network upgrade to version 1.4.18 for main-net, test-net, and stage-net. This upgrade is mandatory for all nodes where the block reward distribution is set using a new feature. If this feature is enabled, features 20 and 21 will be enabled in main-net. Therefore, a significant impact on the WAVES price is possible in the next few days.
WAVES price broke above the bearish pattern with the recent upswing and started bullish. However, it failed to enter the bullish formation. RSI is falling while MACD is rising. This suggests that the price may follow a consolidated trend for a while before a healthy break above the ascending trendline.
A bullish altcoin: XRP
Social media phenomenon CoinsKid is full of optimism for the future of the XRP market. CoinsKid says that the current multi-year consolidation phase will eventually be replaced by an impressive breakout. Thus, he suggests that it will push XRP to all-time highs (ATH).
The analyst’s bullish outlook is based on the imminent occurrence of a monthly ‘golden cross’ between the 10 and 20 exponential moving averages (EMA) in the XRP market. This important technical indicator has historically acted as a catalyst for significant price rallies. Notably, the last monthly ‘golden cross’ between these two EMAs in the XRP market took place in 2020. In the process, the altcoin recorded a value increase of over 720%.
If we recall the past, another notable golden cross between the same EMAs occurred during the famous burst of the cryptocurrency bubble in 2017. This historic event gives more credibility to CoinsKid’s predictions. Given the signs that point to a potential monthly golden cross in 2023, CoinsKid confidently predicts a near breakout. Accordingly, it sets a price target of $9 for XRP.
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