The prices of Dogecoin and XRP have been unpredictable lately, shifting from positive to negative. As we approach the significant Bitcoin halving, experts are sharing their views on the potential direction of the cryptocurrency market during the anticipated bull run. Analyst Ash Crypto recently shared his insights regarding the future price trends for Dogecoin, XRP, and others.
Dogecoin And XRP 12-15 Months Prediction
On his post on X, previously known as Twitter, Ash Crypto shared his forecasts for Dogecoin and XRP prices over the next year. He outlined these price predictions with a timeframe of 12-15 months, implying that they will reach their targets around 2025 – a period believed to mark the peak of the bull market.
By 2025, a crypto expert anticipates Dogecoin reaching a value of $1. This implies that the meme coin would need to increase in price by roughly 700% from its current level of $0.14. For meme coins, this degree of growth might be considered underwhelming. Consequently, the market capitalization of Dogecoin would approximate $150 billion based on the projected price and potential fluctuations in DOGE‘s supply.
An intriguing forecast on the horizon concerns XRP. However, XRP has underperformed investor expectations over the past four years by not mirroring the bullish trends of other alternative coins in the market. Despite Judge Analisa Torres’ ruling that programmatic XRP sales were not considered securities offerings, the price of XRP remained below $1.
Although Ash Crypto is of the opinion that the meme coin’s price will surpass this mark, ultimately reaching a peak of $5 during the bull market. To be more precise, the crypto expert suggests potential price levels ranging from $3 to $5. Starting from its current value of $0.49, this would imply a rise of approximately 600% to reach $3 and around 1,000% in order to hit $5.
If XRP hits those marks, its market capitalization would fall between $165 billion and $275 billion based on present supply. But keep in mind, monthly token unlocks would significantly increase this figure if the price reaches such heights.
Ash Crypto’s Other Predictions
Alongside Dogecoin and XRP, the crypto expert made projections for the price movements of 11 other digital currencies. Among them, Bitcoin takes the front seat as its trends are anticipated to set the market direction. The analyst forecasts that Bitcoin’s value will increase from $100,000 to $250,000.
According to Ash Crypto’s analysis, Ethereum, the second largest cryptocurrency by market cap, is predicted to experience a 4-to-5 fold price increase. This would place Ethereum’s price within the range of $10,000 to $15,000. Following Ethereum, Binance‘s BNB is anticipated to reach prices between $900 and $1,400 according to this analyst’s expectations.
The estimated prices for Solana are anticipated to range between $450 and $650, while Polkadot is expected to be priced between $100 and $120. Chainlink may land somewhere between $250 and $500. Other cryptocurrencies mentioned include Avalanche, with a predicted price range of $200-$300; Internet Computer, which could fall between $120 and $160; Injective, projected to be valued between $180 and $250; Celestia, estimated to be priced between $100 and $150; and MANTA, with a potential value of $30-$70.
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2024-04-18 17:11