Market Analysis

XRP outperforms crypto market with a 17% pump — What’s driving the rally?

November 15, 2024 Coin Telegraph

2024 US elections

XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration.

XRP jumped 17% over the last 24 hours, outperforming the rest of the crypto market as the rally cooled off.

Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.6833 on Nov. 14, climbing as much as 24% to a sixteen-month high of $0.8479.

In comparison, the total crypto market capitalization was down, posting 2.8% daily losses to $2.91 at the time of publication. Bitcoin (BTC) had dropped 4% while Ether (ETH) was down 6% over the same timeframe.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

PEPE rallies 78% to new all-time highs as memecoin market cap tops $116B

November 14, 2024 Coin Telegraph

PEPE rallies 78% to new all-time highs as memecoin market cap tops 6B

Altcoin Watch

PEPE hits new highs following several major exchange listings.

Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, is on track to continue the recovery it began on Nov. 5. PEPE has climbed approximately 230% from its Nov. 5 low of around $0.0000078, bringing its price up to an all-time high of $0.00002597 on Nov. 14.

Data from Cointelegraph Markets Pro and TradingView shows PEPE trading at $0.00002093, up 15% over the 24 hours and 104% over the last seven days.

PEPE/USD daily chart. Source: TradingView

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

3 reasons why Ethereum price is headed toward $4K

November 12, 2024 Coin Telegraph

3 reasons why Ethereum price is headed toward K

Coin Telegraph

Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.

Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24.

ETH/USD daily chart. Source: TradingView

At the time of writing, Ether is trading at $3,392 with increasing demand through spot Ethereum ETFs, and onchain metrics suggest that the altcoins uptrend remains intact.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bitcoin Google search spike after Trump victory signals retail investor interest

November 8, 2024 Coin Telegraph

Bitcoin ATH

Trump’s election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.

Since the victory of United States President-elect Donald Trump, interest in cryptocurrency has spiked, with Bitcoin surging to all-time highs as his campaign promised to support the crypto industry.

Market observers say the spike in search interest and inflows suggest renewed interest among retail investors and a potential wave of new buyers ready to enter the crypto market.

Ryan Chow, co-founder and CEO of Bitcoin (BTC) staking platform Solv Protocol, told Cointelegraph that Trump’s victory is a “major catalyst for launching the next bull market.”

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Ethereum holder turns $38K into $30M after 8 years

November 7, 2024 Coin Telegraph

Ethereum holder turns K into M after 8 years

2024 US elections

The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.

Ether (ETH) has rallied more than 9% over the last 24 hours, reaching a 13-week high of $2,880 on Nov. 7.

As this happened, an Ethereum whale, who had held more than 11,000 ETH since 2016, has appeared to cash in on massive gains.

In February 2016, Ether traded for between $2.1 and $6.6 per token. Back then, the address added 11,005 ETH on the crypto exchange ShapeShift, according to Lookonchain. The onchain smart money tracker said the tokens were acquired at $3.46 per token, putting the total cost at $38,000.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bitcoin Shows Mixed Signals Amid Consolidation: Is a Reversal Coming Soon?

October 13, 2024 Bitcoin.com

Bearish

Bitcoin (BTC) has experienced a steady decline in recent sessions, but technical indicators are sending mixed messages, hinting at a possible market shift on the horizon. Despite the bearish price trend, oscillators are providing a mix of neutral, buy, and sell signals, reflecting indecision among traders. Bitcoin On the 1-hour chart, bitcoin’s (BTC) downward trajectory […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bitcoin Enters Positive Seasonal Trend, Demand Key to Further Growth: Cryptoquant

October 2, 2024 Bitcoin.com

Bitcoin

Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts

October 1, 2024 Coin Telegraph

Bitcoin

Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance.

Bitcoin (BTC) price is trading 7% below the local high of $66,508 reached on Sept. 27, but some analysts are optimistic that this correction could just be a reset of key metrics as BTC prepares for massive gains in the last quarter of 2024.

“Bitcoin is near all-time highs, yet the valuation metrics have all declined from extreme overbought in March to around 17-75% on a 4-year Z-score,” Jamie Coutts, chief crypto analyst at Real Vision, said in an Oct. 1 post on X.

Coutts was referring to an onchain metric called the market value realized value (MVRV) Z-score, which shows the market value’s relative position to realized value, which was -116% on the three-month timeframe, -94% over a two-year period and -107% on the four-year timeframe. This suggests that Bitcoin is extremely undervalued on multiple timeframes.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

XRP leads crypto weekend gains fueled by surging open interest

September 29, 2024 Coin Telegraph

Altcoins

XRP shows strength against the US dollar as open interest surges. Is a move beyond $1 realistic?

XRP (XRP) price was up 5% to trade at $0.6278 on Sept. 29. This is part of a prevailing recovery that began on Sept. 6 and has seen the remittance token rise more than 10% over the last 30 days, fueled by a significant increase in its open interest.

Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.5027 on Sept. 6, climbing as much as 26% to an intraday high of $0.6335 on Sept. 29.

BTC/USD daily chart. Source: TradingView

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bitcoin’s new price targets of over $80K may not actually be the ‘all-time high’

September 23, 2024 Coin Telegraph

Bitcoin

Bitcoin reached a new all-time high of $73,880 earlier in 2024, but toppling it by 2025 does not take it above 2021’s inflation-adjusted value.

Bitcoin’s (BTC) price is only 14% below its all-time high at the moment, and favorable conditions have produced targets of over $80,000 in the coming weeks.

Yet, a new all-time high (ATH) of around $100,000 might not be as impressive a feat as imagined when adjusting for inflation.

Luke Broyles, a Bitcoin analyst, argues that BTC crossing the elusive $100,000 mark will “barely” match BTC’s buying value in 2021. In an X post, Broyles highlights that, if adjusted for inflation, the ATH price from 2021 will be $83,000 at the moment.

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