The recent pump in the crypto market can be attributed to Trump’s victory in the US elections. Altcoins that have underperformed, Cardano (ADA) and Ripple (XRP), now record substantial price increases. Some trading experts are confident they can record more price pumps by December.
According to CaptToblerone, ADA could pump to $0.8, and XRP could possibly pump to $1. Other analysts have disclosed that the price pump could be a buildup to even greater gains in the coming months.
Cardano (ADA) Recovers over $0.55, What To Expect Next?
The cryptocurrency has risen by 73% in the weekly chart. That is not all. The gains also extend to the monthly levels, where the Cardano coin is up 67.85%.
Moving to price movement, ADA has crossed the $0.55 mark for the first time this month. Data from CoinMarketCap shows the cryptocurrency’s weekly high stands at $0.55. ADA could reach $0.6 or $0.8 in the next few days.
The 14-day RSI has crossed the 60 level for the first time. This indicator means bulls are in charge, and more buyers are entering the market. In addition, ADA has moved above the simple moving averages. It is a bullish signal trading above the 50-SMA ($0.356431) and 200-SMA ($0.401108).
These SMAs could even act as support in a downtrend. If this rally continues, the Cardano price could surge to $0.64 by December. Jonk forecasted a surge to $0.523 soon, which has already been hit. Also, CaptToblerone expects a rally to $0.8 in the coming weeks.
With the latest upsurge, the Cardano token has regained its place among the top 10 cryptocurrencies. With the latest Chang 2.0 on the way, the cryptocurrency’s value could rally to $1 before the new year. Such a move will silence critics who have referred to Cardano as a dead project.
Ripple (XRP) Price Rallies, $1 Possible By December?
Ripple (XRP) is also bullish on the price charts. According to CoinMarketCap, the cryptocurrency’s value has increased by 16.5% in the weekly timeframe.
XRP also has monthly profits of 9.27%. The Ripple coin pumped to a peak of $0.568, showing that the XRP crypto is still very bullish.
The cryptocurrency’s 14-day RSI and VWMA (10) are in buy territory. This signal means that there are more buyers in the market. If this upward price movement continues, the value of the Ripple price could pump to $1 by December.
Good Morning Crypto predicts a surge to $1.4065 in the coming weeks, while other analysts expect a rally to $0.8. In a downtrend, the Ripple token has support at the 50-SMA ($0.54896) and 200-SMA ($0.5424).
Meanwhile, the recent Trump election could benefit Ripple (XRP). The removal of the SEC Chair could finally end the ongoing legal battle between both parties. If this happens, the approval of Ripple ETFs could follow suit.
Why Lunex Network (LNEX) Has Become a Top Crypto To Buy
Lunex Network is gradually becoming popular as one of the best DeFi coins in the market. The LNEX coin plays several roles in the Lunex system. Users can use LNEX to trade services, fees for transactions, and access to other services. Finally, LNEX holders enjoy a distinct revenue model; the Lunex Network company earns trading fees to buy back and distribute 50% of LNEX tokens to its holders.
For investors focusing on passive earnings, Lunex has a very staking service where the token holders get up to 18% of Annual Percentage Yields. All they have to do is lock their coins for 30 days. This type of staking option opens up more ways for LNEX holders to earn more money, making Lunex Network attractive to traders and investors.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
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