Altcoin
Bitcoin and Ethereum Price Analysis Today: BTC and ETH Have Massive Impact On This New ‘Social Scoring’ Crypto, Rallying 191%
In recent market movements, both Bitcoin (BTC) and Ethereum (ETH) have shown significant influence over various altcoins, with one standout being GoodEgg (GEGG), a new AI-based social scoring cryptocurrency that has rallied an impressive 191%. The market dynamics of Bitcoin and Ethereum have been closely watched as they remain the two most influential cryptocurrencies globally. Their price shifts have been impacting altcoins, and GEGG is no exception.
How BTC and ETH are Influencing the Market
Bitcoin (BTC), currently trading near its critical support levels, and Ethereum (ETH), which has shown a bullish momentum in recent weeks, have caused ripples across the crypto market. These two giants are the trendsetters, and their movements often dictate the direction of other cryptocurrencies, especially altcoins like GoodEgg (GEGG).
Ethereum’s potential to overtake Bitcoin in the next bull cycle has been speculated by prominent crypto analyst Benjamin Cowen. Cowen suggests that Ethereum (ETH) is on the verge of recovering from its current downward trend and could potentially outshine Bitcoin (BTC) by 2025. This forecast has stirred excitement among investors, especially with Ethereum hovering around key resistance levels and showing strong fundamentals in the decentralized finance (DeFi) and stablecoin sectors.
The growing interest in Ethereum’s future has also drawn attention to altcoins like GoodEgg (GEGG), which utilize blockchain for more niche applications, such as social scoring and AI-driven platforms. As Ethereum (ETH) continues to show signs of stability and growth, more investors are looking toward innovative projects like GEGG that offer real-world use cases beyond financial speculation.
The Growing Attraction of GoodEgg (GEGG)
GoodEgg (GEGG) stands out in the altcoin space with its unique AI-powered social scoring system. The platform is designed to enhance online communities by using AI to rate and rank users based on their social interactions and behavior, bringing transparency and trust to social media ecosystems. As Bitcoin (BTC) and Ethereum (ETH) continue to dominate the headlines, GEGG has quietly risen, with its presale gaining significant traction.
GEGG’s recent rally of 191% can be attributed to several factors. First, the project taps into the growing demand for decentralized applications (dApps) that leverage blockchain technology for social purposes. Secondly, the positive market sentiment around Ethereum (ETH) and its anticipated recovery by 2025 has led investors to diversify their portfolios, seeking new opportunities in projects like GoodEgg (GEGG).
BTC, ETH, and the Future of GEGG
As Bitcoin (BTC) continues to hold its position as the leading cryptocurrency, Ethereum (ETH) is making strides in adoption and DeFi applications. The current market environment, influenced by both BTC and ETH, creates a unique opportunity for altcoins like GoodEgg (GEGG) to benefit from the overall crypto rally.
Benjamin Cowen’s prediction of Ethereum (ETH)’s dominance over Bitcoin (BTC) by 2025 could shift market trends, making it a prime time for investors to explore projects like GoodEgg (GEGG). With Ethereum’s influence expected to grow, altcoins built on strong foundations, such as GEGG, will likely experience continued gains as they ride the wave of increased adoption and market interest.
As both Bitcoin (BTC) and Ethereum (ETH) set the stage for a potential bull run, GEGG stands at the forefront of this new wave of social-focused cryptocurrencies, offering a unique use case that combines the power of blockchain and AI to create a safer and more transparent online experience.
Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community:
Visit GoodEgg (GEGG)
Telegram: https://t.me/GEGG_OFFICIAL
X/Twitter: https://x.com/goodeggofficial
Crypto market today (February 22): Bitcoin (BTC), Ethereum (ETH), and other altcoins reflect an alarmingly waning price action as the week comes to a close. Primarily against Bybit’s recent $1.4 billion hack, over $566 million was liquidated across the broader market in the last 24 hours. As a result, BTC price price lost nearly 2% and slipped back to the $96K level on Saturday. Further, ETH and other leading altcoins have also followed the waning trajectory.
Crypto Market Today: BTC, ETH & Altcoins Suffer Amid Bybit’s Hack & Massive Liquidations
Notably, the crypto exchange behemoth Bybit recently suffered an exploitation attack, resulting in the theft of $1.4 billion ETH from the platform. CoinGape reported that the mastermind behind this hack was ‘The Lazarus Group,’ a North Korean cybercriminal organization.
As a response to the hack, the crypto market saw $566.64 liquidated in the last 24 hours, per Coinglass data. The massive liquidations, underscoring panic selling, in turn brought significant heat to cryptocurrency prices. Further, the global cryptocurrency market cap slipped 1.98% from yesterday to reach $3.17 trillion.
BTC Price Backtracks To $96K
In sync with the colossal liquidations, BTC price witnessed a 2% loss in value over the past 24 hours, resting at $96,170. The flagship coin’s intraday bottom and peak were $94,852.96 and $99,497.97, respectively. Coinglass data showed that Bitcoin recorded $199.44 million worth of liquidations in the past 24 hours. Simultaneously, its market dominance slipped marginally by 0.01% to 60.29%.
ETH Price Takes Heat Amid Crypto Market’s New Hack
ETH price tanked nearly 3% in the past 24 hours and is currently trading at $2,674. The coin’s 24-hour low and high were $2,616.92 and $2,842.83, respectively. Ethereum recorded liquidations worth $141.76 million in the past 24 hours. Meanwhile, market watchers remain cautious about the coin’s future movements in light of the massive Bybit hack. Given that the hackers decide to sell the stolen funds ahead, heightened selling pressure could pull the price further down.
XRP Price Cracks 3%
XRP price fell by 3% intraday and is now sitting at $2.57. The coin hit a bottom and peak of $2.51 and $2.71 in the last 24 hours. Notably, the Ripple-backed asset saw liquidations worth $14.95 million over the past day and followed the broader market trend to dip in the red zone.
SOL Price Slips 2%
SOL price saw a 2% decline in the past 24 hours and is now trading at $170. The coin swooped to a low of $167.31 and a high of $180.43 in the last 24 hours. Solana recorded liquidations worth $22.24 million intraday, aligning with the market trend.
Meme Crypto Market Also Tumbles
Dogecoin: DOGE price saw a 4% drop to $0.2417 amid $14.03 million liquidated in the Dogecoin market.
Shiba Inu: SHIB price waned by 2% in the past 24 hours and is currently trading at $0.00001516, mirroring the market trend.
Even Pepe Coin (PEPE) and Official Trump (TRUMP) prices cracked 2%-5%, reaching $0.000009188 and $16.08, respectively. The meme coin market has primarily mirrored the broader market trend as the week comes to a close.
Top Crypto Market Gainers Today
Ethena (ENA)
Price: $0.4544
24-Hour Gains: +11%
ENA price soared as the crypto project reassured users that its stablecoin USDe remains solvent despite the recent Bybit hack.
Bitget Token (BGB)
Price: $5.05
24-Hour Gains: +8%
Bitget’s BGB token soars amid its rival exchange’s hack saga, and the Bitget wallet launching a limited-time BGB on-chain staking program.
Jito (JTO)
Price: $2.84
24-Hour Gains: +5%
JTO price gains alongside S. Korean cryptocurrency exchange Upbit’s announcement to list the token in the KRW market.
Top Crypto Market Losers Today
Mantle (MNT)
Price: $0.883
24-Hour Loss: -15%
Berachain (BERA)
Price: $7.16
24-Hour Loss: -12%
Sonic (S)
Price: $0.8546
24-Hour Loss: -10%
Overall, the current investor sentiment remains highly uncertain surrounding the crypto sector’s future, with prices taking heat amid Bybit’s hack and massive liquidations.
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.
Crypto analyst Ali Martinez has noted key support levels for Cardano (ADA) price between $0.67 and $0.80. He emphasized their role in sustaining the current bullish trend. According to Martinez’s analysis, these levels have historically acted as both resistance and support for the altcoin. The repeated interaction with this range indicates its significance in determining ADA price direction.
Key Support Levels for Cardano Price Stability
In a post on X, Ali Martinez highlighted that Cardano price has repeatedly tested the $0.67–$0.80 range. This zone has provided stability for ADA, preventing further declines and acting as a foundation for bullish movements.
Historical price movements suggest that this support area has been critical during both uptrends and corrections. The ability of ADA to hold above this range signals strong buying interest.
Recent market data indicates that ADA remains within this support range, maintaining its position despite market fluctuations. If buying pressure persists, Cardano price could establish a stronger footing and attempt an upward breakout.
Meanwhile, Grok 3 AI highlighted Cardano’s strong decentralization as a driving force behind its potential rally to $5-$6 in this bull cycle. If Cardano price can break key resistance levels, it may gain the bullish momentum needed to reach these ambitious price targets.
Technical Indicators Suggest Growing Buying Pressure
Cardano price is about to cross the 20-day Exponential Moving Average, a significant indicator for short-term trend identification. The 20 EMA acts as a support level and a breakout above it may indicate a rally for the altcoin.
Supporting the bullish sentiments, the 1-day Moving Average Convergence Divergence indicates Cardano price is holding above key support levels, providing a foundation for a altcoin rally.
More so, the MACD line is above the signal line, signaling a bullish crossover. If ADA maintains its position above $0.75 and builds on this momentum, it will break the $0.80 resistance and push higher in the short term.
Furthermore, there is the Parabolic Stop and Reverse (SAR) indicator whose dotted lines are placed below Cardano price, which is common in an upward trend. This suggests that ADA price has found a strong support base, further reinforcing the likelihood of an upward move.
ADA Price To $1?
If Cardano price remains above the key support range of $0.67–$0.80 and manages to break above resistance levels, analysts project a potential rally toward $0.94. A successful test of this price point could pave the way for ADA to revisit the $1 mark.
Conversely, if ADA fails to sustain support above $0.67, selling pressure could increase, driving the price lower. In such a scenario, the next key support level would be around $0.54, where buyers might re-enter the market.
Moreover, another analyst shared the bullish sentiments, emphasizing that ADA price movements suggest a potential breakout. The expert highlighted that if Cardano surpasses the critical resistance at $0.9837, it could pave the way for a rally toward $1.35.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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.
The price of XRP lost its edge earlier when it failed to retain the $2.6 support level despite a positive update from the US Securities and Exchange Commission (SEC). Notably, the pro-crypto stance of the Mark Uyeda-led SEC has ignited a possibility of XRP benefitting uniquely. Per the current trend, investors wonder if the coin could hit a $300 price target in the long term if the US SEC drops the XRP lawsuit.
Is Ripple versus US SEC Lawsuit Suppressing XRP Price?
In a recent update, Coinbase revealed that the SEC staff has agreed to drop its lawsuit, pending potential approval by the agency’s commissioners in the coming week. By a large margin, the Coinbase versus SEC lawsuit is considered the second biggest after Ripple Labs.
Though similar, the Ripple lawsuit has advanced much more, with the end close as predicted. Gary Gensler fanned the lawsuit, alleging that XRP is a security when sold to the public, significantly impacting the price.
Like Coinbase, there is speculation that the US SEC will dismiss its Ripple lawsuit appeal. If this happens, the price of XRP is expected to rise dramatically.
Is XRP Price to $300 Feasible?
In recent times, analysts have issued massive projections regarding the XRP price. As reported earlier by CoinGape, market analyst XRP Captain predicted that the XRP price could rally to $250 between now and 2026.
While analysts justify this projection based on the current trend within the Ripple ecosystem, the economics presents a different picture. With XRP having more than 57.89 billion circulating supply per CoinMarketCap data, a $300 target will give it a valuation of $17.367 trillion for the coin.
This fund is way bigger than the crypto industry, which is only worth $3.17 trillion, with Bitcoin dominating. However, this does not discount the likelihood of a massive rally if the lawsuit ends.
The XRP ETF Advantage
Meanwhile, the Ripple ecosystem has continued to expand at a unique pace. More than four asset managers are seeking approval to offer XRP ETF products to institutional investors. Canary Capital, Bitwise, and CoinShares are some of the firms pushing for this new product.
With a 65% odds of approval, the community is somewhat pricing in this product already. With the likelihood of a new capital influx, the expectation is that the XRP price will benefit immensely in the long term.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
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