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Dogecoin (DOGE), Cardano (ADA), & XRP Price Plunge !

some of the coins experience a slight pullback. The assets like XRP price, ADA price and DOGE price appear to have halted their bull rally.

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The crypto market surged with the jump in the major crypto assets like Bitcoin and Ethereum. Ethereum price smashed all the resistance levels to form new highs at $1557 in the early hours of trading. However, Bitcoin price also had a major breakout and surpassed the $35000 levels, due to which most of the altcoins had a bullish divergence.

Amid the uptrend of most of the crypto assets, some of the popular assets witness a surge that, some of the coins experience a slight pullback. The assets like XRP price, ADA price, and DOGE price appear to have halted their bull rally to some extent.

Dogecoin(DOGE) Price Drops by Nearly 4% Doge price

Dogecoin price had spiked enormously by more than 800% and entered the top 10 cryptocurrency list. Yet a massive plunge dragged the price down more than 70% and trending within a similar range.

The DOGE price at the time of writing is $0.03221 with a drop of nearly 2.96%. However, the price is expected to reclaim their previous positions very soon. Yet the price that rose like a monster did not crash as many expected which indicates a bullish trend incoming for the asset.

Technical Specifications

  • The current resistance levels are formed at $0.0477, after breaking these levels, the next levels to be tested are at $0.06807 and the final levels are formed at the ATH at $0.7797.
  • The support levels are formed at $0.02988, failing to sustain the price may even drop to its initial levels around $0.02324.
  • The technical indicators are presently neutral.

XRP Price Drops More Than 7% XRP price

The XRP price rallied and had a massive rally and entered the top 3 cryptocurrency ranking, however, appeared to have been manipulated by a group. This group aimed to rally the price to more than $1.

As the attempt to spike the XRP price to $1 was somewhat successful, yet, at certain point, it appears that many whales closed XRP positions. And as a result there was a steep decline in the price within a couple of minutes.

The spike clearly points out towards the artificial pump and the dump, and hence it was short-lived. At the time of writing, the XRP price is $0.3720 with a decline of 6.05% in the last 24 hours.

Technical Specifications

  • The resistance levels are formed at the recent highs of $0.76
  • The support levels are formed at the initial levels at $0.2850
  • The indicators point out to a ‘buy’ signal

Cardano(ADA) Price Swings ADA price

The cardano price appeared to be poised to touch the lost positions, yet, is swinging within a very narrow trend. The possibility of a plunge also cannot be ignored, however, a significant rally may also be incoming.

The price had broken the support line and had plunged massively below $0.3 levels. However, a bullish momentum pushed the price above $0.4 and successfully maintained above the levels. In the recent couple of hours, the traders might have just begun liquidating the holdings and hence pulling back the price.

Nevertheless, some buyers are attempting hard to keep the price above the levels and avoid further slippage. At the time of writing, the ADA price is $0.4172 with a drop of just 0.07% which is expected to recover shortly.

Technical Specifications:

  • The resistance levels are formed at $0.4546
  • The support levels are formed at $0.3875
  • The indicator points out towards a ‘buy’ signal

Source: https://coinpedia.org/news/dogecoin-doge-cardano-ada-xrp-price-plung/

dogecoin-(doge),-cardano-(ada),-&-xrp-price-plunge-!

Coinpedia

Polygon (Matic) Price Continues to Rise Amidst Market Correction!

The MATIC price forecasts are positive as a token supporting such a critical feature right now. After the Ethereum scaling

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Polygon hopes to solve the scalability problem. The MATIC price forecasts are positive as a token supporting such a critical feature right now. After the Ethereum scaling solution merged various common decentralized finance (DeFi ) projects and the number of transactions it handled every day skyrocketed, the price of MATIC has reached a new all-time high above $1.5.

Polygon has handled over 62.4 million transactions and has almost 700,000 wallet addresses, according to data from a MATIC network explorer. It processes 3.3 million transactions a day, each of which costs less than one cent in cryptocurrency.

The cost of transactions on the Ethereum blockchain, on the other hand, reached a new all-time high this week above $64 on average, before plummeting to $31.75 at press time. The network of the cryptocurrency has been co-founded.

Polygon plans to use layer-two sidechains – blockchains that operate alongside the main Ethereum blockchain – to provide quicker and cheaper transactions on Ethereum. Users can deposit ETH into a Polygon bridge smart contract and communicate with it inside the Polygon chain before withdrawing it back to the Ethereum main network.

MATIC is up over 270 percent in the last 30 days, and over 7,000 percent in the last 12 months, thanks to increased demand for the layer-two scaling solution. It’s currently trading near its latest all-time high of $1.51.

Several major DeFi platforms, including Aave, Curve, SushiSwap, 1inch, and others, have been incorporated into the Polygon network in recent weeks. Transactions on its network have exploded as a result of these integrations, as it is now easier to use Ethereum-based DeFi platforms.

MATIC holders will stake their funds to win prizes using Polygon’s Proof-of-Stake consensus algorithm. By partnering with Cent, a platform that tokenizes tweets, the network is also aiming for long-term viability in the non-fungible token ( NFT) space.

According to a recent tweet, SushiSwap has now reached $500 million in total value locked on the Polygon network.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-continues-to-rise/

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Coinpedia

XRP Price Manifest A 2017 Like Warm-Up Rally, $6 Approaching Fast

XRP price after the recent spike initiated with a descending pattern and hence a major breakout is the need of an hour

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Ripple’s XRP price is all set to surge high as it is manifesting a similar bull run of that of 2017 and hence a splendid rally may be foreseen. Recently, XRP underwent a possible burn as the market capitalization and the circulating supply declined all of a sudden.

However, the price appears to have initiated a recovery mode as the price is on the verge to bounce back and accelerate the bull run. As presented by a crypto follower, the XRP price is showcasing a similar warm up pump as in 2017.

According to the chart, the price experienced a steep dump in between the bull rally and resumed the bull run. The price eventually smashed the ATH at $3.84 after completing the correction phase. And hence if the price follows the similar pattern, $6 is all set to be achieved very soon.

Also Read: Analyst Predicts the Future of Dogecoin and XRP! Says XRP Price Will Pump the Hardest!

XRP Price Breakout Imminent!

XRP price, as mentioned before, is trending within a descending channel. After the price hit the yearly highs at $1.76, it soon dipped and entered the channel. However, the price broke the upper resistance levels of the channel and soon dipped too. Due to the fake break out, the price currently is on the verge to reenter the channel.

xrp descending channel

Yet, the price rose significantly and showcased a probable uptrend incoming very soon. At the time of writing, the XRP price is $1.54 with a jump of 1.66% and continuing with an uptrend. However, the prime focus at the current time is a bounceback to the $1.62 levels to continue the uptrend to retest the yearly highs.

Technical Specifications

  • The resistance level of Ripple’s XRP price is currently at $1.62 and later at $1.96
  • The support levels are at $1.42
  • The indicators point out at a buy signal

Also Read: XRP’s Supply And Market Cap Tanked, Is It a Coin Burn Or Technical Glitch?

Also Read: Analyst Predicts the Future of Dogecoin and XRP! Says XRP Price Will Pump the Hardest!

Source: https://coinpedia.org/altcoin/xrp-price-to-breakout-soon/

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Coinpedia

Solana Price Prediction: Can SOL Price Reach $50 by the End of 2021?

In this article let us try to understand in-depth on the Solana Price Prediction for 2021 and marketers’ views on SOL Price.

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Solana is the most preferred blockchains which aims to provide fast, secure, scalable, decentralized Apps and marketplaces. It runs on its own blockchain using the Proof-of-History consensus algorithm. It installs historical data in blockchain to prove the transactions which are saved in the digital ledger.

Do you know? Solana can process 50k transactions per second.

In this article let us try to understand in depth about the Solana Price Prediction for 2021 and beyond and we will look at views of other analysts on SOL.

Overview CryptocurrencySolanaTokenSOLPrice$ 43.7500Market cap$ 11,915,345,054.0000Circulating Supply$ 272,637,122.5049Trading Volume $ 0.0000All time high$ 49.6700 May 1, 2021All time low$ 0.5008 May 11, 2020 Solana Fundamental Analysis

Solana is a high performing digital currency that runs on the blockchain which supports smart contracts and decentralized applications. The transactions are timestamped to maximize the efficiency. It is a fast and secured blockchain providing the open infrastructure required for global adoption.

The project was established in 2017 by Anatoly Yakovenko who was a software developer in dropbox. Solana has a particular hashes that can be used to input data for every transaction. SOL has a unique feature called Gulf Stream which enhances the scalability.

Also Read: Uniswap Price Prediction- Will UNI Price Hit $100 in 2021?

Solana Price Prediction 2021

With a steady recovery in price, SOL traded at $1.60 during the start of January and by the mid of February it smashed $10. By May the price surged close to $50 to reach the ATH. The price of Solana may see variations if it grabs the attention of the investors and enhances its user base. Interestingly enough. Many investors and analysts predict that by the end of 2021, Solana might reach at the $70 to $75 mark.

Solana Price Prediction 2022

SOL might commence the year with a trading price around $65. The price is anticipated to grow further if the bulls hold the market for a longer period. The price may hover between $55 and $70 for several months. By the end of 2022, Solana might exchange close to $100..

Price Prediction For Next 5 Years

In 5 years, SOL might concentrate on inbound developments and it may provide more platforms for developers to create decentralized applications. It may reach newer heights and focus on certain partnerships for the betterment of its protocol. By 5 years Solana could reach above the $300 mark.

Solana Market Prediction Coinpriceforecast

Coinpriceforecast predicts the price of Solana could be $228.92 at the end of 2021. In the next 3 years, Solana could reach the highest price of $721.38 and by 2025 the price may hit $870.

WalletInvestor

According to WalletInvestor, Solana could be an outstanding long-term investment. It would go up from $43.716 to $137.003 in the coming year. And by 2026, the price hits $496.606.

Gov.capital

According to Gov.capital, Solana would trade in between $75.531 and $86.86065 by the end of 2021.

DigitalCoinPrice

As per the analysis of Digitalcoinprice, Solana will be traded at $64.14 at the end of 2021 and $130.14 by 2025.

Our Solana Price Prediction

Solana entered the year 2021 with a trading price of $1.60. On a bullish note, the altcoin started to rise further. As Solana is an emerging DeFi coin, its price might likely boom. It might concentrate on certain collaborations to bridge its assets to DeFi. It will encourage the new upcoming startups and it could be a new competitor for other currencies in the market. By the end of 2021, it might trade around $20 and anticipated to reach up to $120 in the future.

Historical Market Sentiments 2020

Solana initiated its journey in the crypto market on 10 April 2020 with a price of $0.79 according to Coinmarketcap. Later, the price declined to as low as $0.52 by mid May. The price started to recover further and reached $0.99 at the end of June. Interestingly, the price spiked to $1.33 by mid July and continued to swing after. The digital currency rose to $1.84 by the end of July. Heading towards an upward trajectory, the coin dramatically hit $3.77 by mid August and further plunged to $2.82 by the end of August.

Effectively, SOL spiked to $4.84 by early September to reach an All-Time-High by breaking all its previous price records. Solana managed to reach its resistance level at $3.80 and failed to remain stable and dropped to $2.56. At the end of September SOL was trading at $2.96.

With certain variations, Solana managed to sustain at $2 range throughout the October. Although the price slumped to $1.35 by early November because of the high selling pressure. Later, the price started to recover and reached $2.41 by the end of November as Bitcoin continued its price rally. Solana declined further to $1.47 in December as the bears were headed into pulling the prices.

At the end of December 2020, SOL traded at $1.50.

Also Read: Cosmos Price Prediction, Is $100 Approaching in 2021?

FAQ

What makes Solana a unique coin?

Solana is considered as an unique coin because it has features like scalability, low cost and higher transaction speeds.

Can Solana be halved?

No, SOL cannot be halved as it only mined.

What is the transaction speed of SOL?

Solana can transact upto 50k per second.

Where to trade Solana?

Solana can be traded on exchanges like Binance, OKEx, CoinEX, CoinDCX, Huobi Global and many more.

Also Read: Uniswap Price Prediction- Will UNI Price Hit $100 in 2021?

Source: https://coinpedia.org/price-prediction/solana-sol-price-prediction/

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