• 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

AI and Automation's Dual Impact on Cardano's Future

chest

The rise of AI and automation in trading is significantly impacting Cardano's price momentum, with potential for future revival as market conditions stabilize.

user avatarNguyen Van Long

Investor Behavior Reflects Labor Market Trends Impacting Cardano

chest

Investor behavior in the Cardano market reflects labor market trends, with hesitance from both liquidity providers and buyers, leading to ongoing price pressure.

user avatarKofi Adjeman

Technical Analysis Indicates Continued Bearish Pressure for Cardano

chest

Current technical analysis of Cardano's daily price chart reveals a prolonged downtrend, with the price hovering around $0.35. Resistance levels are identified at $0.40 and $0.47, while support lies near $0.30.

user avatarAyman Ben Youssef

Analyst Predicts Bullish Targets for Bitcoin and Ethereum

chest

Onchain analyst Garrett Jin predicts bullish price targets of $106,000 for Bitcoin and $4,500 for Ethereum based on historical correlations and current market trends.

user avatarTando Nkube

Essential Due Diligence Framework for Algorithmic Trading

chest

A comprehensive due diligence framework is necessary for participants engaging in automated trading to mitigate risks associated with algorithmic derivatives.

user avatarRajesh Kumar

Florida Pension Fund Makes $47 Million Investment in MicroStrategy Stock

chest

Florida Pension Fund invests $47 million in MicroStrategy stock, reflecting a trend in institutional investment in nontraditional assets like Bitcoin.

user avatarSatoshi Nakamura

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.