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A closely followed crypto analyst says that once a key Bitcoin (BTC) metric reverses, altcoins may print explosive rallies. Crypto trader Rekt Capital tells his 549,600 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may enter a downward phase after hitting a historic peak level, setting the stage for alts to outperform the flagship crypto asset. “BTC dominance: if history repeats, the real altseason everybody is waiting for would begin once Bitcoin dominance rejects from 71% (red).” Source: Rekt Capital/X BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC. The analyst also says BTC.D may not hit exactly 71% before reversing, but somewhere within that area. “There really is no point in arguing about whether BTC.D will ultimately top out at 71% or at 69% or at 67%. The majority of the Bitcoin do...

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Amid new XRP ETFs being filed, Ripple’s native cryptocurrency is picking up steam after a period of consolidation. Many institutional experts are expecting big things from XRP if an ETF arrives this year. After a solid start to the year, the growing popularity amongst XRP ETFs is sending the asset higher. As a result, price predictions are being revised, with some seeing the asset hit as high as $5. JPMorgan had said earlier this year that an XRP ETF could attract $8 billion in net inflows. Such an achievement would surely benefit the asset’s individual price. With this potential surge, price predictions from several market analysts are coming in higher. One of those comes from crypto analyst Egrag Crypto, who is looking long-term at a 1,000% surge for Ripple’s XRP. Crypto Analyst Predicts XRP Outperformance, Surging Past $5 EGRAG Crypto notes that the Bull Market Support Band (BMSB), a moving average, indicates that the previously mentioned increase could take place within ...

A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip. “There’s also a chance [ADA] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time… There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.” Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply...

A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up. Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level. “DOGE: this is not a bearish chart. You still have time to full port into this one guys. Next leg is coming soon.” Source: Altcoin Sherpa/X He also suggests that DOGE could surge near its all-time high of about $0.74. “DOGE isn’t that far off now. I actually think this goes back near all-time high again this cycle, something I didn’t think was going to happen. Raise your targets.” Source: Altcoin Sherpa/X DOGE is trading for $0.41 at time of writing, up 6.8% in the last 24 hours. Next up, the analyst believes that the market low may not yet be in for Ethereum (ETH) in its Bitcoin pair (ETH/BTC) despite a...

Dogecoin (Doge) is trying hard to surpass the critical resistance level of $0.11. The token is vying for a notable price ascent, which is yet to come as the crypto continues to bask in bearish waters. In the midst of it, one analyst has pointed out how Doge price charts depict a noteworthy development, hinting at an impending breakout soon. Also Read: Cryptocurrency: Top 2 Crypto “Dark Horses” To Spike 200% By Sept’ End Dogecoin Analysis: Breakout Rally When? Source – Token Metrics According to a notable crypto analyst, Ali, Doge is trying hard to break past its critical price juncture and resistance level of $0.11. At press time, the token is at the $0.1051 price mark, up 2% in the last 24 hours. “If you’re anticipating a #Dogecoin breakout, keep in mind the key resistance level at $0.11, where 23,400 addresses are holding ~31 billion $DOGE!.” If you're anticipating a #Dogecoin breakout, keep in mind the key resistance level at $0.11, where 23,400 addresses are holding ~31 ...

A widely followed crypto analyst is expressing bullish sentiment on a large-cap altcoin while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new thread, pseudonymous crypto trader Credible Crypto tells his 408,700 followers on the social media platform X that XRP, the token used to operate Ripple Labs’ payments platform, is due for a “inevitable mega run” now that its legal troubles are over. According to Credible Crypto, XRP is consequently now set for an explosion now that its legal bout with the U.S. Securities and Exchange Commission (SEC) ended with a $125 million fine. “New all-time highs [for XRP] are a matter of when, not if.” XRP, which is trading at $0.614 at time of writing, would need to go up by around 454% to surpass its all-time high of $3.40 set in January 2018. Over the past 24 hours, XRP is up by 19%. As further stated by the analyst, “XRP remains a top-10 crypto by market capitalization. I...