price

XRP Price Prediction 2023: Analysts Praise Cardano (ADA) and Collateral Network (COLT)

April 17, 2023 by Akash Anand

The crypto markets keep moving along steadily, with most traders’ attention devoted to the Shanghai upgrade and seeing whether up rallies or retraces. However, Cardano (ADA) and especially Collateral Network (COLT) have been rallying hard recently with seemingly no end in sight, and analysts outline a price prediction for XRP (XRP) this year.

>>BUY COLT TOKENS NOW<<

XRP (XRP) Price Prediction

XRP (XRP) was launched in 2012 to add utility to the global economy and allow value to flow across borders seamlessly, thanks to blockchain technology. XRP (XRP), from a technical standpoint, presents a far more viable option than its most significant TradFi competitor, the SWIFT network. XRP (XRP) can settle international transactions in minutes, whereas the SWIFT network takes several working days.

However, XRP (XRP) has been continuously dogged by the unknown result of its court case against the SEC. Recently, XRP (XRP) has started rallying on the speculation that it will beat the SEC against the allegation it sold unregistered securities. XRP (XRP) currently trades at $0.51, with analysts citing the importance of XRP (XRP) holding $0.50 as support. If it does, XRP (XRP) could begin another rally, and price predictions put XRP (XRP) trading between $0.95 and $1.05 by the end of the year.

p4Rk96OEXDxNNuqCWfAJuPoKdmW0VO8bKxNhSrZVRESM1UTwGgFk55zqfUC VxDurZvLbeXEnW

Cardano (ADA)

Cardano (ADA) posted impressive statistics this month, adding over four million wallet addresses to the network and executing sixty-four million transactions. Although most of the crypto space ignores Cardano (ADA) in favor of newer layer ones, or more frequently now, layer two scaling solutions. Many forget the mathematic and rigorous approach employed by Charles Hoskinson in building Cardano (ADA).

Cardano (ADA) represents excellent blockchain infrastructure, and if it manages to build out an attractive DeFi ecosystem, Cardano (ADA) will start to rally. Price predictions for Cardano (ADA) vary enormously amongst analysts, with some forecasting a range between $0.51 and $0.58 in 2023 and others aiming as high as $1.20 before the year ends. But bearish and bullish analysts remain in consensus that Cardano (ADA) will remain a central force in the crypto space.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT) Expected to Surge by 3,500%

Collateral Network (COLT) has enjoyed roaring success so far in its initial presale stage, raising more than $450,000. Many analysts expect this is only the beginning, forecasting 3,500% gains by the end of the presale. And beyond this, many have even speculated that early investors could see 100X on their COLT investments when major centralized exchanges start to list the token.

What is Collateral Network (COLT), and Why Has it Been so Successful?

For DeFi to expand, it needs to onboard real-world assets into its ecosystem, and seasoned crypto investors have understood this for months. Collateral Network unlocks liquidity for real-world assets and is the world’s first decentralized lending protocol for tangible off-chain assets.

Collateral Network (COLT) allows owners to collateralize real estate, luxury watches, fine art, vintage cars, rare whiskeys, collectables, jewelry, fine wines, and much more. It leverages 100% asset-backed NFTs to bring these items on-chain and allows owners to access crowd-sourced liquidity.

Collateral Network (COLT) boasts institutional-level liquidity, and on the platform, lenders can earn passive income by providing capital to borrowers. On top of this, COLT token holders can participate in special auctions where distressed assets will be sold.

Collateral Network (COLT) pushes beyond the current boundaries of lending within DeFi and marks a huge step forward for the asset-backed loan industry in general. COLT could well be one of the largest gainers in 2023.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux

October 4, 2021 by Akash Anand

The first Monday of October saw the cryptocurrency market lurch into action, albeit a mixed one. Some cryptocurrencies tried riding the bull while most suffered under the bear’s brunt. As Bitcoin took a hit on October 4, some altcoins had found a way to circumvent the red path.

One altcoin surpassing all expectations this week was Terra with rapid ascensions on the hourly and daily timeframes. At press time, Terra was trading for $46.32 while holding a market cap of $18.162 billion. The cryptocurrency’s 6.56 percent growth in the 24-hour spectrum allowed it to head towards the top 10 club. Right now, Terra’s market cap was still a whopping 10 billion behind its counterpart Dogecoin.

Terra 1 hour:

luna 1 hr — Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux 6

Luna’s hourly changes had become positive towards the end of September as the successive price action sided with the bull. The immediate support was clocked at $33.6 after which the cryptocurrency charted unknown territories. After hitting its ATH on Monday, the cryptocurrency continued to register consecutive red candles.

Bollinger bands: Both the bands diverged from each other after the price action reversal. Till the change, the large Bollinger cloud was indicative of the large change in Terra’s price point.

Parabolic SAR: The immediate markers shifted to the top of the price candles after holding a significant ground under them earlier. Terra’s investor sentiment had shifted towards the negative, a marker for a slight dip in prices.

Relative Strength Index: After the formation of the red candles, the RSI dipped sharply towards the halfway line. Despite this, Terra’s buying pressure was more than its selling pressure.

Terra 1 day:

luna 1 d — Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux 7

Long-term performance was indicative of the surge that can be attained by the altcoin ecosystem. After being near the $4 mark in August, Terra was now cruising at the $40 mark.

Parabolic SAR: The markers were below the price candles as Terra continued to achieve long-term milestones. Strong investor sentiment was crucial to the sustained growth of a nascent altcoin.

Relative Strength Index: Terra’s RSI shot up after its latest surge with swathes of new investors entering the market. The continued trust shown by the holders was evidenced on the graph.

Bollinger bands: Just line its hourly counterpart, both the bands diverged from each other here too. The expected Bollinger cloud can be a marker for positive price actions yet to come. fds

Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures

October 2, 2021 by Akash Anand

Several altcoins led the bull charge on the 1st of October with market caps surging on the charts. Binance Coin [BNB] emerged as one of the best performers of the day that saw spectacular growth in both the daily and weekly timeframes. The weekend seems to have brought along some good tidings for the crypto-verse as multiple coins witnessed double-digit gains.

At the time of writing, BNB was valued at $411.8 while its market cap climbed to $69.35 billion. The cryptocurrency climbed by 10.6 percent over the last 24-hours which was enough to push the daily trading volume over the $1.9 billion mark. As October officially dawned upon the cryptocurrency market, enthusiasts expected a change in fortunes.

Binance Coin 1-hour:

bnb 1hr — Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 10

The hourly spectrum saw BNB register strong green candles on Friday. Binance’s cryptocurrency enjoyed a consecutive green red save for one red candle in between. According to the readings, BNB’s immediate support was clocked at $325.06.

Bolinger bands: The Bollinger bands diverged from one another as the cloud size increased. This was a sign of an impending buy-in run for Binance Coin.

Relative Strength Index: BNB’s RSI stayed above the overbought threshold as the cryptocurrency enjoyed one of its strongest runs in weeks. The indicator was evidence that more users were buying into the Binance Coin ecosystem.

MACD: The MACD line and the signal line moved upwards after crossing over. Even the histogram displayed strong bullish momentum.

Binance Coin 1-day:

bnb 1 d — Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 11

BNB’s daily performance was more stagnant compared to its hourly counterpart. The daily price resistance fell to $265 after the bear run at the start of May.

Relative Strength Index: After Friday’s resurgence, the indicator shot up to the moon. The new influx of investors is expected to benefit the cryptocurrency’s long term price hold.

MACD indicator: After a slow September, the MACD line and signal line converged on October 1. The histogram in turn was in the midst of recovery after seeing red for the entirety of September.

Bollinger bands: Both the bands moved parallel to each other after the green candle lifted the price action out of its lull.

Solana [SOL] Hits Bear Roadblock As Price Struggles to Break Free

September 29, 2021 by Akash Anand

The cryptocurrency market’s comeback was cut short this week when the bear tore through price supports. After Bitcoin fell below the $43k mark, the altcoins witnessed an instant impact on their markers as the charts bled red. Solana, which had an impressive run over the previous weeks had its legs cut from under it when the token fell by 6 percent in the daily timeframe.

At press time, Solana was trading for $135.78 while holding a market cap of $40.05 billion. The 6 percent drop was characteristic of the weekly drop just like its daily counterpart. After the latest hit, Solana’s 24-hour market volume dipped to $2.882 billion. The 7th ranked cryptocurrency was still playing catch up to its nearest rival, XRP, which held a market cap of $43.211 billion.

Solana 1 hour:

sol 1 hr 5 — Solana [SOL] Hits Bear Roadblock As Price Struggles to Break Free 14

Solana’s hourly performance has remained constant for the past 6 days as the graph took a sinusoidal shape. The immediate resistance was clocked at $127.2 after consecutive red candles brought the price down. During the past week, Solana struggled to break its resistance despite repeated attempts.

Relative Strength Index: The short-term RSI spiked slightly towards the middle as the graph traversed the oversold zone. This meant that the number of people holding SOL was less than the number of users selling the cryptocurrency.

Chaikin Money Flow: The last 24-hours saw the line climb to the zero line after an influx of capital from investors. Solana needed the boost as the ecosystem depended on the increasing user base.

Bollinger bands: Solana’s upper and lower band moved parallel to each other as a lack of price outbreaks became evident on the graph.

Solana 1 day:

sol 1 d 2 — Solana [SOL] Hits Bear Roadblock As Price Struggles to Break Free 15

Earlier long-term predictions had gone awry after 6 consecutive red candles took over Solana’s price action. The immediate support fell to $16.9 in September after peaking at $192.2 the same month.

Chaikin Money Flow: According to the CMF, quite a few long-term supporters deserted the cryptocurrency as the capital intake reduced. This was the first time since the end of July that the graph had fallen below the zero line.

Bollinger bands: Just like in the hourly charts, Solana’s daily bands also moved in a parallel fashion. The mid-August Bollinger cloud converged on the 20th as the bear run began.

Relative Strength Index: Solana’s daily RSI was right on the midpoint as the buying pressure and selling pressure equalized. If the last parallel hold pattern is repeated, Solana could be in for some massive upward momentum.

XRP Stumbles Hard as Bear Rips Through Market; Multiple Alts See Double-Digit Dips

September 20, 2021 by Akash Anand

The new week opened with a bear crunch as the cryptocurrency market saw almost all of its September gains being wiped off. As Bitcoin plummeted on Monday, the altcoin market followed suit. XRP was one of the biggest losers on the charts with the cryptocurrency dropping to 7th place.

At press time, XRP was trading for $0.91 after a 13.6 percent dip ripped through the market. The double-digit gains were also reflected in the 13.8 percent weekly price dip. XRP’s price action was similar to a lot of other alts which witnessed vertical crashes. The wipeout caused the market cap to fall to $42.5 billion, a significant 8 billion lower than Binance Coin.

XRP 1 hour:

XRP’s immediate support fell to 0.91 after maintaining a steady price action for the past 14-days. The avalanche was triggered by the formation of two massive red candles following which the support stood no chance.

Bollinger bands: The lower Bollinger band crashed towards the bottom of the graph as the cloud opened up. Losing the price hold can lead to further crunches in the market share.

Relative Strength Index: The RSI fell below the oversold zone, a sign of the depleting number of HODLers. According to the indicator, a large sell-off occurred right as the price broke immediate support.

Chaikin Money Flow: Understandably, the CMF curved below the zero lines. This meant that the capital leaving the XRP marker had overtaken the influx.

xrp 1 hr 1 — XRP Stumbles Hard as Bear Rips Through Market; Multiple Alts See Double-Digit Dips 17

XRP 1 day:

Long-term support was still holding the level formed in August. The $0.52 level was not under threat yet, even as the last red candle loomed ominously.

Relative Strength Index: Just like in the hourly charts, XRP’s level fell towards the oversold zone. This was in stark contrast to the highs achieved in August.

Chaikin Money Flow: The sharp decrease only added to the bearish environment as the capital was also reduced. A large push of new investors was now required to prop the graph back up.

Bollinger bands: The two bands diverged from one another as the Bollinger cloud held the potential for more growth. Currently, the latest red candle was en route falling out of the cloud.

Uniswap [UNI] jumps over bear pit as price ticks green across the board

September 15, 2021 by Akash Anand

The cryptocurrency market’s movement over the past couple of days has left a lot of investors scratching their heads. After a week of bearish dips, the ecosystem seems to have broken its pattern of stagnant price actions. Uniswap [UNI] was one of the tokens leading the bullish charge with double-digit gains in the weekly spectrum.

Uniswap’s hourly performance allowed the crypto to overtake Terra on the chart with the token now holding 11th place. At the time of writing, UNI was trading for $24.85 as the market cap climbed to $15.3 billion. The 8 percent hourly climb also spurred the daily volume to clock a mighty $646.46 million.

Uniswap 1 hour:

uni 1hr — Uniswap [UNI] jumps over bear pit as price ticks green across the board 20

In the short term, Uniswap tended to form a valley after the dip and rise. The immediate support was calculated at $21.6 which was protected after the latest price hike. As Uniswap moved on the charts, it was important to keep a tab on the rising user base.

Parabolic SAR: The last 3 markers stayed below the price candles, indicating a shift in the sudden hike. This comes after a 48-hour shift where the Uniswap sided with the bull.

Relative Strength Index: Uniswap’s RSI fell back into the trading threshold after staying above the overbought zone for a day. The cryptocurrency’s September 13th hold was its highest point this month.

Bollinger band: Both the upper and lower band converged towards each other after the formation of a Bollinger cloud. The red candles continued to stay in the cloud as the price settled.

Uniswap 1 day:

uni 1 d — Uniswap [UNI] jumps over bear pit as price ticks green across the board 21

The long-term support was at $14.3 with the graph struggling to hit its ATH formed in May. Uniswap’s latest green candle allowed it to climb from the throes of a bear pit.

Relative Strength Index: The RSI hit the midway point between the oversold zone and the overbought zone. This meant that the number of users selling their tokens and HODLing their tokens was almost equal.

Bollinger bands: In the long run, UNI’s bands diverged to form the start of a significant Bollinger cloud.

Parabolic SAR: All the markers from the past couple of days stayed below the candles as Uniswap’s momentum shifted downwards. As it stands, the markers pointed to hold on to the cryptocurrency making any massive surges.

Uniswap and the rest of the market were still in the midst of recovery after taking a beating for days. One striking thing about the hike was that the altcoins were performing better than the bigwigs.

Cardano [ADA] Stumbles Under Bear’s Might as Market Bleeds Red

September 8, 2021 by Akash Anand

After an extended bullish run, the cryptocurrency market seems to have hit a red wall. Prices across the board fell rapidly as almost all the major altcoins followed Bitcoin’s footsteps. IOHK’s Cardano, which had been enjoying a stellar September fell into the bear trap with millions wiped off its total market cap.

Cardano’s latest fall came at a time when users were expecting it to cross the $3 mark. At press time, ADA was trading for $2.34 with a reduced market cap of $74.04 billion. An 11 percent price drop lowered the cryptocurrency’s daily trading volume to $11.3 billion. This trading volume was enough to let it maintain its third rank on the cryptocurrency charts.

Cardano 1 hour:

ada 1 hr — Cardano [ADA] Stumbles Under Bear's Might as Market Bleeds Red 24

Cardano’s price action over the past 24-hours has been representative of the entire cryptocurrency market. The bear’s takeover caused immediate price supports to crumble with Cardano’s settling near the $2.2 mark. The price capitulation period still seems to be unclear as the red candles had overtaken their green counterparts.

Relative Strength Index: Cardano’s hourly RSI struggled to break away from the oversold zone as the graph slowed on its ascent. The low hold meant that more and more users were selling their ADA rather than hodl it.

Chaikin Money Flow: The CMF in the short term was surprisingly bullish with a k shaped curve forming upwards. This indicated the strong capital flow into the Cardano market.

Bollinger bands: The sudden price drop created a massive Bollinger cloud, the likes of which have been unseen for weeks. Both the upper and lower Bollinger bands converged towards one another after an exciting 12 hours.

Cardano 1 day:

ada 1 d — Cardano [ADA] Stumbles Under Bear's Might as Market Bleeds Red 25

Cardano’s price crunch was visible in full view on the long-term chart with strong red candles dominating the past week. After hitting all-time highs towards the end of August, Cardano’s current bearish predicament was evidence of a market reigning in its assets.

Chaikin Money Flow: In the long term, the CMF had fallen from its perch above the zero line. If the cryptocurrency continues on the same path, Cardano would soon crash below it for the first time since July.

Relative Strength Index: The panic caused by the bear run was enough for a large number of investors to sell their assets. A strong RSI would contribute to a confidence boost in the ADA ecosystem.

Bollinger bands: The Bollinger bands fell into a parallel restricted movement with a large cloud mouth. Cardano’s movement in bearish lands may cause the cloud to open up and be unable to contain the red candles

Polkadot [DOT] keeps sails up as all-time high looks closer than ever before

September 3, 2021 by Akash Anand

As the cryptocurrency market moved green numbers on the board, some coins were faring better than their counterparts. Over the past couple of weeks, altcoins grew much more significantly than Bitcoin to set new records on the board. Polkadot [DOT], the ninth-largest cryptocurrency saw a whopping 32.5 percent growth over the past week.

On Friday, DOT was trading for $32.7 with a total market cap of $32.41 billion. A 2 percent hourly growth also lifted the trading volume to $2.5 billion. As it stands, Polkadot’s market cap was approximately $5 billion more than its neighbor USDC which held a daily volume of $3.2 billion.

Polkadot 1 hour:

dot 1hr — Polkadot [DOT] keeps sails up as all-time high looks closer than ever before 28

Since the start of September, Polkadot’s price has stabilized into a bullish curve with the technical indicators pointing to a price crunch soon. With the immediate support at $29.6, Polkadot surprised investors by surging even through a stagnant market.

Bollinger Bands- The upper band and the lower band converged towards another thereby reducing the possibility of a large Bollinger cloud. Polkadot’s price curve took a downturn once the rush ended.

Relative Strength Index-After Polkadot’s surge ushered in a new wave of HODLers, the RSI fell over the previous 24-hours. Investor support was necessary for the price upkeep with the line still safely near the overbought zone.

Chaikin Money Flow- For now, DOT was still bullish on the CMF scale. The hold above the zero line was a sign that the capital coming into the Polkadot market was more than the capital leaving the market.

Polkadot 1 day:

xrp 1 d 1 — Polkadot [DOT] keeps sails up as all-time high looks closer than ever before 29

In the long term, Polkadot was climbing towards its All-time high regions. The long-term support at $0.6 was untouched since its formation at the end of July. Although the cryptocurrency was heading towards earlier highs, it was more slow-paced and calculated this time around.

Relative Strength Index- The RSI climbed towards the overbought threshold after long-term investors pulled in new ones. If Polkadot can sustain this momentum and generate more user interest, it has the potential to climb higher on the crypto ranks.

Chaikin Money Flow- Polkadot’s CMF spiked from the zero line as new holders start building their own portfolios. The last time DOT’s outflow capital trumped the incoming capital was in the middle of July.

Bollinger bands: Polkadot’sn spike over the past few weeks triggered a massive Bollinger cloud, the effects of which had been subdued by a price pullback.

Polkadot Surges on Thursday As Altcoins Pump Positive Sentiment into Market

August 18, 2021 by Akash Anand

The cryptocurrency market beat expectations this week after continuing on its bullish tangent. Bitcoin and the rest of the altcoin industry surged over the past couple of days with many looking to achieve monthly highs. After Solana, Polkadot was the altcoin making the biggest splash in the digital asset ecosystem.

Holding the rank of the ninth-largest cryptocurrency, Polkadot has slowly and steadily built its repertoire in terms of both market cap and volume. At the time of writing, Polkadot was trading for $26.24 after a 5 percent hike on Monday. Over the past 7 days, DOT jumped by a whopping 28 percent to register a daily trading volume of more than USDC.

Polkadot 1 hour:

dot 1 hr 1 — Polkadot Surges on Thursday As Altcoins Pump Positive Sentiment into Market 32

In the short term, Polkadot was outperforming all of its previous timeframes. The collective decision by the technical indicators showed strong bullish patterns across the board. The behavior shown by the PSAR pointed to strong green momentum in the coming days. The weekend is predicted to show a change in market movement with many analysts looking out for price capitulation in the next 48 hours.

With an uptick in the Chaikin Money Flow indicator, DOT holders could rejoice in the fact that more capital was entering the market. The CMF hold above the zero lines was enough traction for the MACD to head towards a bullish crossover. DOT’s MACD histogram also sided with the bull after climbing to higher amplitudes than its red counterparts.

Polkadot 1 day:

dot 1 d 1 — Polkadot Surges on Thursday As Altcoins Pump Positive Sentiment into Market 33

Polkadot’s daily chart signified good times for the cryptocurrency climbing out of its lowest support since this January. Since July 19, Polkadot registered multiple green candles to hit prices last seen in May. The current pattern included five consecutive green candles after an immense push by investors this week.

Long-term CMF was in a great position after positive market sentiment pushed it to 0.2. This performance was similar to the climb in January, albeit more green this time around. Polkadot’s daily MACD line and the signal line had moved parallel to each other while the histogram marked 26 days of ticking green. The upward price push injected new life into the market as displayed by the PSAR markers.

BNB paves bullish path as other altcoins try to keep pace

August 16, 2021 by Akash Anand

BNB joined the rest of the altcoin market in a price flux as the bull and the bear butted heads. Binance’s native asset was in the bull’s good books as it enjoyed double-digit gains over the week. Binance Coin maintained its position as the only cryptocurrency to have green tickers across the hourly, daily, and weekly time spectrums.

At press time, BNB was trading for $424.6 with a market cap of $65.6 billion. A 6 percent daily hike elevated BNB’s trading volume to $1.8 billion, which included stats from the largest cryptocurrency exchanges. BNB still had ways to go before it could surpass its nearest competitor, ADA.

BNB 1 hr:

Binance Coin’s latest rally allowed the indicators to fall in the bull’s court. The support held near the $375 mark, a bounce point for the cryptocurrency’s price.

BNB’s Bollinger bands diverged from one another with users hoping for a significant cloud formation. The RSI grazed the overbought zone indicating a massive increase in the number of people HODLing Binance Coin.

Binance Coin’s CMF pushed for a bullish atmosphere as the graph spiked above the zero line. A steeper CMF graph pointed to increased capital in the BNB y.

BNB 1 day:

bnb 1 d 1 — BNB paves bullish path as other altcoins try to keep pace 37

In the long term, Binance Coin was picking up steam just like its counterparts. With the long-term support untouched since April, BNB had a safe run-up.

In the daily charts too, BNB’s technical indicators were on the bull’s team. Although the Bollinger cloud was smaller than the hourly spectrum, it signified positive momentum. Both the long-term CMF and RSI ascended vertically with the increase in funds and users.