Crypto Price Prediction Today 29 July – XRP, Cardano, Shiba Inu
Main Idea
The article discusses recent price trends and predictions for cryptocurrencies like XRP, Cardano, Shiba Inu, and a new meme token Snorter, highlighting their performance, technical indicators, and potential future movements.
Key Points
1. XRP reached a record high of $3.65 on July 18 but has since declined by 13.7%, with technical indicators suggesting potential further declines before a possible rebound.
2. Cardano (ADA) has seen a 41% increase over two weeks, with bullish projections suggesting it could reach $1.50 by mid-year or even $3.09, its all-time high from 2021.
3. Shiba Inu (SHIB) is poised for a potential rally, with analysts predicting it could reach $0.00003 by summer's end and up to $0.00009 by year-end, supported by its Shibarium Layer-2 solution.
4. Snorter (SNORT), a new meme-inspired trading bot token on Solana, has raised over $2.5 million in presale and offers features like MEV-resistant swaps and staking yields up to 166% APY.
5. The article also mentions broader market trends, including Bitcoin's recent all-time high and subsequent retraction, as well as the performance of other meme tokens like Pepe and Trump.
Description
The original crypto, Bitcoin, recently soared to a record-breaking all-time high price of $122,838 a fortnight ago, spurring a steady period of accumulation across the market. Although it has since retracted by approximately 3.4%, enthusiasm remains high as Bitcoin continues to hover at elevated levels, suggesting another potential breakout could be on the horizon. Bitcoin’s performance over the last few months has also propelled several major altcoins and the best meme tokens upward. Over the l...
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