Many analysts are anticipating a bull run for Ripple’s XRP which could lead to an exponential growth, giving Ethereum and Bitcoin a run for their money. Several experts suggest that XRP’s potential price rally could be attributed to Donald Trump winning the US election, a political event that brought so much excitement to the cryptocurrency sector. Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot XRP: 700% Price Hike Analysts said that XRP could be on the brink of a possible price rally based on historical price movement after an election. They predicted that the price could skyrocket by 700% to about $4.89 per coin if history repeats itself. Currently, the crypto is being traded at $0.6113 with a total market capitalization of $34.76 billion and a 24-hour volume of $2.82 billion. Market commentators said that they believed that XRP would greatly benefit from positive sentiment brought by the upcoming administration of pro-crypto Donald Trump. According to analysts, they see a potentially massive price surge for the digital currency because of the long-term pattern in its price movement and a possible repetition of the coin’s post-election trends. However, some market observers decided not to disclose any price target for the anticipated XRP upsurge. Meanwhile, other analysts suggested that the most optimistic forecast for a post-election surge would be a growth between 100% and 500%, saying that the XRP price would be somewhere between $1.22 to $3.67 per coin. Historical Price Rally Analysts studied the price movement of XRP in past US elections, saying that after the 2016 US election, the digital asset’s price went down in the next four months after the election poll. They however noted that after the initial price dip, the altcoin had a massive price rally which propelled the coin to a whopping 60,000% and hit the all-time high of $3.31, an event which is not far-fetched at the moment. If XRP would again surge by 60,000% after the election, it would reach the $367 level. $XRP huge acceleration is coming Look at the past elections and see what follows. pic.twitter.com/ufcqC8v5Y5 — Mikybull ????Crypto (@MikybullCrypto) November 8, 2024 Likewise, in the 2020 election, XRP also experienced a huge price uptick of 177%, coincidentally in the same month as in the 2016 breakout before a correction was done in December. Related Reading: Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH — $82k Now Within Reach New Record Highs Could Be Around The Corner Crypto analyst Dark Defender suggested that starting November 24, XRP could experience a major bull run using Bitcoin’s historical patterns. Another analyst, 360Trader agrees with Dark Defender on the bullish outlook for XRP, explaining that the coin’s extended price stability could fuel the rally. 360Trаdеr added that an indicator that XRP is building momentum for a bull run is the ongoing price stability. Mikybull Crypto said that XRP is poised for another price upsurge, expressing his confidence in the prospects of the cryptocurrency following the notable price rallies during the previous elections. Featured image from Pexels, chart from TradingView
NewsBTC
You can visit the page to read the article.
Source: NewsBTC
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.
BC.GAME Launches Wukong Slot Game, Now Playable with Crypto
NICOSIA, Cyprus, December 26th, 2024, Chainwire BC.GAME has launched its latest slot game, Wukong , inspired by the highly popular AAA game Black Myth: Wukong. Released on December 24, this 6-reel, 5-row slot game invites players to join Wukong on his epic journey, with the chance to win up to 10,000 times their bet. The game features key symbols from Black Myth: Wukong, including Wukong’s Ruyi staff and treasure pearls, bringing the game’s mythical world to life. Players can also enjoy the convenience of using cryptocurrency for gameplay, adding extra flexibility to the experience. Crypto Integration: Wukong Can Now Be Played with $BC and Hundreds of Cryptos The BC.GAME gaming platform continues to integrate cryptocurrency, offering players the ability to play Wukong using $BC, the platform’s native token, and other popular cryptocurrencies. In celebration of the holiday season, BC.GAME is hosting a large-scale event, distributing a total of 200 million $BC tokens. Players can claim free $BC tokens directly to their accounts, which can then be used to play the Wukong slot game . Key Features of the Wukong Slot Game: Play with Crypto: Users can enjoy the game using $BC, Bitcoin, Ethereum, and hundreds of Cryptocurrencies. High Win Potential: Wukong offers payouts of up to 10,000x the bet amount. Free Spins and Bonus Opportunities: Users can unlock additional rewards through free spins and bonus features to enhance gameplay. Wide Bet Range and RTP: With an RTP of 96% and bets ranging from $0.20 to $100 per spin, Wukong caters to both casual players and high rollers. Seamless Crypto Experience: Crypto users can enjoy a fast, secure transaction process, making the game more accessible and enjoyable. Jack Dorset, CEO of BC.GAME commented on the launch, stating: “With the release of Wukong, we are continuing our commitment to blending the rich history of gaming with the innovation of cryptocurrency. We’re excited to offer our players a unique opportunity to enjoy a high-quality slot game with the flexibility and security that digital currencies provide. This launch, along with our ongoing $BC airdrop, is part of our broader vision to make BC.GAME is the leading platform for crypto-powered gaming,” About BC.GAME BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. Website: https://bc.game/ X: https://x.com/bcgame Telegram: https://t.me/bcgamewin Contact Olivia D oliviadi@bcgame.com NewsBTC
2,884,590,622,344 SHIB Stun One of Turkey’s Biggest Exchanges – What’s Happening?
Astounding amount of meme cryptocurrencies has been withdrawn from top Turkish exchange NewsBTC