In the wake of recent market disruptions, there might be an opportunity to take another look at Solana and XRP investments. Although these cryptocurrencies have experienced challenges, they are now beginning to show signs of recovery. For investors searching for assets with growth potential in the upcoming quarter, these digital currencies could be worth considering. Could they provide promising opportunities for expansion? Market analysts are keeping a close eye on their progress, observing favorable trends in their performance. According to NOW Wallet, transaction volumes for SOL and XRP have increased, indicating a rise in investor interest. Solana Eyes $265 Resistance as Bulls Gain Momentum Solana is exhibiting bullish momentum, with its relative strength index surpassing 60 and a positive MACD reading. Despite an almost 8% decline last week, the cryptocurrency has risen nearly 50% in the past six months. Currently priced between $182 and $234, it is nearing the $265 resistance mark. Should this upward trajectory persist, Solana could reach the next resistance at $318, marking a 30% increase from its current value. Transaction volumes have notably risen, according to NOW Wallet, a comprehensive app for securely managing cryptocurrencies like Solana with no custody or hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet XRP Aims for $3.50 Resistance as Bullish Momentum Builds XRP`s current price range is between $2.29 and $3.04. Despite a 14% decrease over the last week, it has seen an over 8% increase in the past month and has surged almost 338% over six months. Momentum indicators suggest a neutral market with a leaning towards bullishness. If the price surpasses the $3.50 resistance, it could climb to $4.25, a more than 40% increase from its present levels. Notably, NOW Wallet reports a rise in XRP transaction volumes. The app allows for secure storage, swapping, staking, and management of cryptocurrencies without requiring custody. XRP can be stored on NOW Wallet without registration and without hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Conclusion Solana and XRP offer distinct opportunities for investors and traders aiming for potential gains in the next quarter. Solana is known for its rapid transaction speeds and expanding ecosystem of decentralized applications. XRP, on the other hand, focuses on efficient cross-border payments with strong connections to financial institutions. For those interested in investing in these cryptocurrencies, NOW Wallet provides an ideal platform. It guarantees privacy and security without needing registration or holding user funds. Managing cryptocurrencies is easy with NOW Wallet, allowing users to perform fiat-to-crypto operations effortlessly. The app supports the storage and instant exchange of thousands of tokens across major blockchains. Its built-in cross-chain swapping features further enhance the user experience.
Bitzo
You can visit the page to read the article.
Source: Bitzo
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
FTX Digital Markets Plans Initial Fund Distributions to Creditors Starting February 18, Offering Possible 9% Interest
FTX Digital Markets announces a repayment plan for creditors affected by the exchange’s collapse, providing hope for investors seeking refunds. This development marks a critical step towards restoring some trust Bitzo
Unusual Move by the Gigantic Whale – Withdraws $10 Million from Binance, Converts It All to This Altcoin
According to cryptocurrency onchain data, a crypto whale seems to have made a really interesting choice by investing a large amount in a memecoin. A newly created crypto whale withdrew a huge amount of stablecoins, 10 million USDC, from Binance today and immediately converted them into 6.68 million MELANIA via Jupiter. As it is known, MELANIA is a memecoin recently launched by Donald Trump’s wife, Melania Trump. With this token purchase, the wallet in question now stands out as the tenth largest wallet among MELANIA crypto whales, owning approximately 0.67% of the total supply. Related News: Two Surprise Altcoins Invested in by Donald Trump`s Cryptocurrency Project Respond to Allegations! Is There a Secret Agreement Between Them? The altcoin, which has been criticized for having a significant portion of its total supply under the control of the founding team, caused great losses to those who tried to buy tokens due to FOMO, especially in the early days. MELANIA, which managed to rise above $ 13 shortly after its launch, is trading at a region 87% lower than that level at the time of writing. The altcoin, which reacted strongly after today`s whale purchase, climbed above $1.70 at the time of writing this article after trading at $1.49. *This is not investment advice. Continue Reading: Unusual Move by the Gigantic Whale – Withdraws $10 Million from Binance, Converts It All to This Altcoin Bitzo