• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin, Kaspa, and XRP: Analysis by Tommy Does Crypto

user avatar

by Giorgi Kostiuk

a year ago

Analyst Tommy Does Crypto shares his thoughts on current trends in the cryptocurrency world, focusing on Bitcoin, Kaspa, and XRP.

Market Expectations for Bitcoin

Tommy Does Crypto highlights the resistance level of Bitcoin around $100K and predicts potential fluctuations between $90K and $100K by the end of December. The analyst believes this could lead to a breakthrough of the psychological $100K mark.

The Case Against Investing in XRP

The analyst notes XRP's recent achievements, including its 4X increase over the last 30 days and its capitalization reaching $139 billion. However, he raises concerns about XRP's centralization and suggests considering an exit at current prices.

Current XRP prices may present an optimal exit opportunity.

Bullish Outlook on Kaspa

Tommy emphasizes Kaspa’s innovative solutions for security, scalability, and decentralization. He entered the project at $0.03, and it is currently trading at $0.15. The analyst projects further growth to $2-$5 during the current bull cycle.

Tommy Does Crypto encourages conducting independent research on Kaspa and warns against investing in centralized cryptocurrencies like XRP.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UBS Predicts S&P 500 to Reach 7,700 Points by 2026

chest

UBS Group predicts that the S&P 500 could reach 7,700 points by 2026, driven by a 10% increase in corporate earnings and supportive monetary policy.

user avatarJacob Williams

Market Reactions to Federal Reserve's Potential Policy Changes

chest

Market sentiment has shifted positively towards cryptocurrencies like Bitcoin and Ethereum following comments from Federal Reserve Governor Stephen I. Miran, with investors anticipating eased monetary conditions due to potential rate cuts.

user avatarRajesh Kumar

SOS Limited to Develop Modular Data Center in Texas

chest

SOS Limited plans to develop a next-generation Tier III modular data center in Fort Stockton, Texas, transitioning from cryptocurrency mining to digital infrastructure.

user avatarZainab Kamara

The Rise of Prediction Markets: A New Era in Economic Forecasting

chest

The rise of prediction markets like Kalshi is changing how economic forecasts are made, offering insights that may surpass traditional methods.

user avatarKofi Adjeman

SOS Limited Announces Development of Tier III Modular Data Center in Texas

chest

SOS Limited is developing a next-generation Tier III modular data center at Longfellow Ranch in Fort Stockton, Texas.

user avatarSon Min-ho

Kalshi Claims 40% Accuracy Edge Over Wall Street in Inflation Forecasting

chest

Kalshi claims its users are 40% more accurate in inflation forecasting than Wall Street analysts, based on a 25-month data analysis.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.