Altcoin
BTC Near $98K, XRP Up 10%, Meme Coins Pump Hard
The crypto market on Saturday again garnered investor attention across the globe, with coins mainly illustrating rising price trajectories. Bitcoin (BTC) price traded near the $98K level on February 15, whereas Ethereum (ETH), Solana (SOL), and XRP prices pumped 1%-10%. Notably, even the meme coin market has mirrored a bullish action, with the particular sector’s market cap soaring 6.5% to $75.66 billion.
Here’s a brief report on some of the most trending coins for the day and how they are delivering across the market.
Crypto Market On February 15: BTC & Altcoins Show Signs Of Recovery
Despite macroeconomic heat, the global cryptocurrency market cap jumped 1.8% intraday, reaching $3.26 trillion. Further, even the global market volume saw a 5% increase to $107.9 billion. In turn, traders and investors remain optimistic amid a renewed bullish movement in the market.
BTC & ETH Gain Over 1%
BTC price witnessed an uptick of slightly over 1% in the past 24 hours, reaching $97,839. The coin’s intraday bottom and peak were $96,342.81 and $98,819.47, respectively. Notably, BTC recorded $38.57 million worth of liquidations in the past 24 hours, with $25.45 million in short.
Simultaneously, ETH price also increased by 1% intraday and is currently at $2,725. The crypto’s 24-hour low and high were $2,680.03 and $2,790.02, respectively. Ethereum recorded slightly over $27 million worth of liquidations over the past day, with $14.53 million in short.
XRP Price Soars 10%
XRP price skyshot nearly 10% in the past 24 hours, now trading at $2.81. The coin’s intraday bottom and peak were $2.54 and $2.83, respectively. Notably, the Ripple Labs-backed asset sees a phenomenal rising trajectory as an XRP ETF seems to be imminent. CoinGape recently reported that the U.S. SEC acknowledged 21Shares XRP ETF filing right after Grayscale’s.
Solana Price Jumps 2%
SOL price witnessed an uptick of nearly 2% as of press time, reaching $198. The coin’s 24-hour low and peak were $195.04 and $205.13, respectively. Solana currently trades in sync with the broader cryptocurrency market’s rising movement.
Meme Crypto Market Reflects Highly Bullish Action
Simultaneously, meme coins have stolen the spotlight on Saturday with remarkable price gains. Dogecoin (DOGE) price saw a pump of over 7% intraday, reaching $0.2808. Further, even Shiba Inu (SHIB) surged over 3% to $0.00001695. Pepe Coin (PEPE) witnessed gains worth nearly 5% and exchanged hands at $0.00001032.
Moreover, the recent hot buzz of the dog-themed meme coin community, CZ’s dog-named token BROCCOLI’s price surged 347% to $0.06676 amid rising crypto whale accumulations.
Top Crypto Market Gainers Today
MANTRA (OM)
Price: $7.66
24-Hour Gains: +36%
Notably, OM price also hit a new ATH intraday at $7.89. The token soars in tandem with a 55% surge in its futures OI, reaching $647.11 million, per Coinglass data.
Official TRUMP (TRUMP)
Price: $21.98
24-Hour Gains: +34%
The TRUMP meme coin also pumps alongside a 38% increase in its futures OI to $700.44 million, underscoring heightened market interest in the asset amid broader trends.
Dogwifhat (WIF)
Price: $0.7085
24-Hour Gains: +15%
WIF price also surged against the backdrop of a 17% increase in its futures OI to $243.04 million.
Top Crypto Market Losers Today
PancakeSwap (CAKE)
Price: $2.50
24-Hour Loss: -10%
Bitget Token (BGB)
Price: $5.30
24-Hour Loss: -6%
Onycoin (XCN)
Price: $0.02195
24-Hour Loss: -5%
In conclusion, despite macroeconomic events such as Trump’s new tariffs and U.S. CPI & PPI data putting pressure on the crypto market, today’s bullish trajectory solidifies optimism over future movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
After a severe market downturn, the crypto space is finally showing signs of recovery, with altcoins outperforming Bitcoin. While Bitcoin’s dominance dips, analysts predict an incoming altcoin season, hailing it an “altseason.” Despite fluctuations, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) regain traction, marking significant gains.
Altcoin Season Alert: Signs of a Market Shift
As the crypto market gears up for a significant shift, analysts and experts hint at the potential arrival of an altseason, or an altcoin season. According to analyst Ted, the altcoin surge in 2024 was merely a warm-up for what’s to come. Adding to the point, he forecasts a record-breaking altseason in 2025 that is expected to make history.
Notably, in an X post, Ted highlights key drivers of the altseason. They include potential developments including multiple altcoin ETF approvals, Ethereum’s upgrade, Ethereum ETF’s staking feature etc.
Reinforcing Ted’s prediction, analyst CryptoGoos asserted that altcoins would explode, driven by a combination of factors. He explained his analysis through past patterns, in which altcoins saw major uptrends in 2017 and 2021, paving the way for a potential major altseason in 2025. In another X thread, CryptoGoos wrote, “Altcoins will pump.”
Similarly, emphasizing the historical trend of major altcoin seasons occurring in the month of February, analyst Shib Spain forecasted a recurrence. The analyst suggested that the current market conditions are ripe for a repeat of past altcoin rallies that have typically taken place during this time of year. Corroborating this idea, Max Brown also stated, “Altseason starts in February.”
Altcoin ETF Approvals Ahead
Asset managers have taken the initiative to launch multiple altcoin ETFs, pending regulatory approval. The proposed ETFs are set to track a diverse range of altcoins, including XRP, Solana, Litecoin, Dogecoin, and Cardano.
As the Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s 19b-4 filings to list XRP and Dogecoin ETFs, the odds are high for an altcoin ETF in 2025. According to Bloomberg analysts Eric Balchunas and James Seyffart, the Litecoin ETF has a 90% chance of receiving regulatory approval, making it the most likely to gain approval among the altcoin ETFs. Meanwhile, the Dogecoin, Solana, and XRP ETFs also have significant approval chances, with 75%, 70%, and 65% probabilities, respectively.
Notably, the Trump administration has a more favorable stance towards crypto ETF approvals, with a higher probability of approval compared to the previous government. This positive sentiment has sparked expectations of an altcoin season in the near future.
Upcoming Altcoin Season: What To Know More
Recently, the Ethereum blockchain released a roadmap for its Pectra upgrade. The activation is planned to occur on February 24 on the Holesky testnet, followed by March 5 on Sepolia, with a mainnet release targeted for April 8.
Meanwhile, the New York Stock Exchange (NYSE) has proposed to introduce staking in spot Ethereum ETFs on behalf of Grayscale, seeking approval from the SEC.
These developments have further fueled the hype surrounding an impending altcoin season, with Ethereum, as the leading altcoin, playing a pivotal role in driving these expectations.
Top Altcoins Stay Strong
Both historical trends and current market sentiment highlight the possibility of an upcoming altcoin season. Top altcoins show bullish signals ahead with the overall market gearing up for a significant resurgence.
As of press time, Ethereum is priced at $2,690, up by 2.06% in a week. Meanwhile, XRP has exhibited a massive growth of 12% over the last seven days. Despite Solana’s marginal decline, BNB surged by more than 5% over the past week.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Following a severe market crash, the crypto space is now ascending to new heights, reaching $3.25 trillion, up 0.89%. Despite a marginal daily decline, the Cardano price is reclaiming lost ground amid expectations of ADA ETF approval and Microsoft partnership.
Cardano Price Targets $20: What’s Behind the Bullish Prediction?
While the Cardano price is hovering below the significant $1 level, analysts and traders remain optimistic that the token could retest its previous all-time high of $3. Many believe that a breakout above $1 could push ADA to new highs, hitting $3 and beyond. However, analyst Sssebi has made an even more ambitious forecast, predicting a staggering 2,757% surge that would catapult Cardano to unprecedented levels.
In a recent X post, an ADA enthusiast known as Sssebi, shared their bullish prediction of Cardano hitting $20, citing four compelling reasons. One of the prominent factors pinpointed by Sssebi was the potential interaction between Cardano and Bitcoin. In a groundbreaking revelation at the October 2024 Cardano Summit in Dubai, Cardano was unveiled as Bitcoin’s upcoming DeFi layer, sending shockwaves to the Cardano community. Sssebi believes that the development could significantly impact ADA, pushing its price to $20.
Cardano ETF Speculations Spark ADA Rally
Another important reason highlighted by Sssebi was the potential approval of Grayscale’s Cardano ETF. In a recent development, Grayscale Investments filed for a Cardano ETF with the NYSE. As this filing came amid the increasing demand for Cardano, investors expect an ADA rally following the ETF approval.
While asset managers compete to launch altcoin ETFs tracking assets like XRP, ADA, LTC, and SOL, Grayscale’s initiative may inspire others to follow. If Grayscale launches its ADA ETF, it will enable investors to further diversify their portfolios by incorporating ADA.
In reaction to Grayscale’s move, the Cardano price surged by more than 14% to $0.8068, signaling a positive sentiment. The trading volume also rose by 11%, reflecting increased investor interest.
Microsoft Partnership and Hoskinson’s Crypto Advisory Role Fuel Optimism
Further, Sssebi underscored the significance of Cardano’s potential collaboration with Microsoft in ADA’s bullish rally. During a YouTube live on February 10, Cardano founder Charles Hoskinson revealed that the blockchain platform may enter into a strategic alliance with tech giant Microsoft. Although specifics were undisclosed, the community rejoiced, recognizing the far-reaching implications for both the blockchain and the broader cryptocurrency ecosystem.
Moreover, the analyst highlighted that Hoskinson’s crypto advisor role in the Trump administration could be another major catalyst for Cardano’s price rally toward $20. In November, Hoskinson confirmed his support of Trump’s crypto plans, in a bid to reshape the US crypto legislation.
Cardano’s Bullish Breakout: What’s Next for ADA Price?
Currently, the Cardano token is trading at $0.7949, down by 1.28% in a day. However, the Cardano price has experienced a surge of 13.46% over the past seven days despite a massive 26% monthly dip. The token’s trading volume has also seen a significant plummet of 21%, currently at $659.16 million.
In addition to Sssebi’s analysis, other analysts like TapTools also remain bullish about Cardano’s future trends. According to TapTools, the Cardano price is ready to retest its previous all-time high of $3, targeting a new ATH.
While forecasts suggest a bullish trend, the actual outcome remains uncertain. So, investors should proceed with caution before making any investment decisions regarding ADA.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Price Momentum Oscillator Just Had Its 3rd Crossover After 2017 And 2021, Here’s What Happened Last Time
Dogecoin is still yet to recoup its price decline from last week, which saw it breaking below $0.3. Nonetheless, a key technical signal has emerged on DOGE’s price chart that could send the meme coin on a bullish path for the rest of the year.
According to crypto analyst KrissPax, who highlighted this key technical signal on social media platform X, the Dogecoin Price Momentum Oscillator (PMO) suggests that the meme coin could be on the verge of another major price surge.
Dogecoin Price Momentum Crossover
Technical analysis of the Dogecoin price shows that the Price Momentum Oscillator (PMO), a tool used to measure trend shifts and momentum strength, has just recorded a crossover on the 2-week candlestick timeframe. A PMO crossover occurs when the PMO line crosses above or below its signal line, which is typically a moving average of the PMO.
When the PMO line crosses above the signal line, it suggests that momentum is shifting in favor of buyers. This phenomenon is particularly significant, as it has happened only twice in Dogecoin’s history, in 2017 and 2021. Interestingly, each crossover has led to an interesting price action.
Looking at past instances, Dogecoin’s PMO crossovers have preceded some of its most explosive rallies. The first of such PMO crossovers was in 2017 when the market was about to enter its first significant bull market. After the 2017 crossover, DOGE’s price surged by over 6,000% till it reached a peak of $0.0175. Similarly, the second crossover occurred just before Dogecoin’s historic rally in the 2021 bull market. Back then, the meme coin went on a 36,400% run to reach its current all-time high of $0.73 after the bullish crossover.
DOGE’s Next Move: Analyst Targets $4 Price Level
With history as a reference, KrissPax predicted that Dogecoin’s latest PMO crossover could lead to another significant breakout. Interestingly, the recent PMO crossover had already pushed Dogecoin to multi-year highs, but recent corrections have stalled the bullish momentum.
However, many crypto analysts agree that the Dogecoin rally is set to resume anytime from now. As such, Krisspax predicted that the four-year cycle of bullish PMO crossovers is still in play, and we could be looking at a big move up for DOGE. In terms of a price target, the analyst has set a price target of $4.
Achieving the $4 price target would represent an increase of about 4,110% from its 2024 low, which was recorded immediately before the current market cycle began.
At the time of writing, Dogecoin is trading at $0.2619, up 0.18% in the past 24 hours. Reaching the $4 price target would also represent a 1,427% increase from the current price point. However, the first step in achieving this $4 price target would be to break and hold above the $0.3 price level again. Successive short-term price resistance levels to note are $0.4 and finally $0.5.
Featured image from Pexels, chart from Tradingview.com
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