Altcoin
Cardano Founder Charles Hoskinson Downplays BitBoy’s Claim Of Saving ADA
BitBoy’s claim of resurrecting ADA from the dead has drawn “gratitude” from Cardano founder Charles Hoskinson. The outspoken founder took to X to wish BitBoy well in his future endeavors outside the Cardano ecosystem amid a flurry of activity.
Cardano Founder Thanks BitBoy For Saving ADA With A Smirk
Crypto influencer Ben Armstrong aka BitBoy says he single-handedly saved Cardano from extinction with repeated claims that the network was dead. BitBoy made the assertion in a livestream, claiming that his use of reverse psyschology contributed to renewed institutional interest for Cardano.
By claiming that Cardano was dead, BitBoy says institutional investors flooded the ecosystem in a bid to prove him wrong.
“I have singlehandedly saved the ADA project,” said BitBoy on the livestream.
While his claims have triggered reactions, a video from the Cardano founder appeared on X thanking BitBoy for his efforts. Hoskinson, with a smirk, expressed gratitude to the cryptocurrency influencer, hinting at renewed institutional interest in the project.
“We’re very excited and glad that you’ve gotten what you needed to get BitBoy,” said Hoskinson with a glint of sarcasm. “Thank you for the kind words about Cardano.”
Institutional Interest In Cardano Soars In Recent Months
After enduring claims of the network has zero institutional interest for years, institutions are wading into Cardano. Institutional investors are eyeing a potential ADA spot ETF in the coming weeks, sending volumes to new highs.
There are whispers of Hoskinson meeting with a VIP in Florida, triggering speculation for a massive announcement in the offing. The Cardano founder confirmed a trip to Florida “to go do a thing,” leaving community members watching in anticipation.
On-chain analysis reveals a steady accumulation, signaling an ADA bullish run to previous highs. At the moment, ADA is trading at $0.6 with a market capitalization of $22.95 billion as ecosystem activity surges.
Aliyu Pokima
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.
With the broader digital currency experiencing drawdowns, Solana (SOL) price has remained in the spotlight, drawing analysts’ insights. Expert trader Raoul Pal shared a bullish comment regarding SOL price in a recent post on X. He believes the coin is at its oversold level and will likely plot a rebound soon.
State of the Solana Price
Considering his X account, Raoul Pal said SOL is at 2 standard deviations oversold on the log regression channel. He pointed out that Solana is showcasing the lowest Relative Strength Index (RSI) since the 2022 lows. Per the onchain data, the RSI dropped as low as 25.73 on February 26, way below the oversold level.
As Pal pointed out, Solana is likely to grow significantly higher in the coming month. While he is not taking new positions at the current level, he implied that this period marks the best area to buy the dip.
According to CoinMarketCap data, the price of Solana was trading for $137.16, up marginally by 0.47% in 24 hours. Although the volatility is yet to clear, SOL has recorded more than 1.2% against Bitcoin within the same period. With the current outlook, the coin has now pared off its price over the past week which has dropped by 21%.
SOL Price Historical Trend in March
The odds of Solana soaring in the coming month is high, as the coin has historically soared in March. Data from Cryptorank pegs the average growth rate in the price of Solana in March at 32.4%.
In March 2021, SOL price jumped by 49%, complemented by a 23.2% rally in 2022. While the coin saw a 3.25% retracement, growth peaked in March 2024 when it skyrocketed by 60.8%.
If historical trends play out again, the coin may pare off its losses over the past month, now pegged at 39.5%.
Potential Growth Drivers to Watch
With Coinbase’s lawsuit dismissed by the United States Securities and Exchange Commission (SEC), it implies that the claim Solana is an investment contract no longer holds. Current improving regulations in the country have indirectly placed altcoins in a positive light.
With the cases closed and the regulator clarifying that memecoins are not securities, innovators may re-ignite the meme hype. Notably, this marked one of the biggest catalysts that drove the coin’s price to an all-time high above $294.
Ultimately, the Solana ETF hype may also continue, pushing the asset into a position for adoption by institutional investors if approved. With Franklin Templeton’s SOL ETF filing submitted to the US SEC, the participation is high, pushing the approval odds higher.
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.
DOGE whales have accumulated over 530 million Dogecoin (DOGE) within the past 72 hours. This surge in whale holdings has coincided with a decline in Dogecoin price, signaling strategic buying at lower levels. Analysts suggest that such accumulation may indicate confidence in the asset’s long-term potential and could drive Dogecoin price to $0.30 if demand persists.
DOGE Whales Accumulate 530M Coins, Dogecoin Price to $0.30?
According to a recent post on X, crypto analyst Ali Martinez reported that large investors have been actively accumulating Dogecoin in the past three days. On-chain data from analytics platform Santiment indicates that DOGE whales have acquired 530 million coins during this period. This accumulation trend suggests that institutional and high-net-worth investors are capitalizing on Dogecoin price dips to strengthen their positions.
Despite a declining trend in recent weeks, analysts see the top meme coin whale activity as a potential precursor to a price recovery. Historically, similar accumulation phases have preceded short-term rebounds, as reduced market supply creates bullish pressure. While some traders remain cautious, expecting further retracement, whale buying reinforces price optimism.
If current demand holds, analysts suggest that Dogecoin price could push toward $0.30 in the coming weeks. However, technical indicators also suggest the potential for another pullback before a sustainable uptrend can be established.
Will Price Retrace to $0.125?
While the recent accumulation by DOGE whales has sparked optimism, some analysts anticipate a price correction before any major recovery. Crypto analyst Dave Hunter, posting on TradingView, projected a retracement to $0.125, describing it as an accumulation zone. His analysis is based on Dogecoin price action, which has struggled to break key resistance levels.
Hunter identified $0.24 as a critical resistance zone where Dogecoin price is expected to react before moving lower. He cautioned that a failure to breach this resistance could trigger further declines, leading to additional selling pressure in the short term. Liquidity sweeps from lower levels could also accelerate downward movement.
Despite this bearish outlook, some traders view the projected retrace as a buying opportunity. Market participants who accumulate near $0.125 may benefit if Dogecoin price rebounds in alignment with historical patterns of whale-driven rallies.
TD Sequential Buy Signal Hints at Reversal
Moreover, the TD Sequential has flashed a buy signal for Dogecoin, suggesting that a price reversal could be on the horizon. According to Ali Martinez, the signal appeared on DOGE’s daily chart after a sequence of nine consecutive downward candles, a formation that historically precedes upward movements.
The TD Sequential indicator, often used to identify potential trend reversals, has been a reliable tool in past DOGE price movements. In addition to this signal, Martinez pointed out that an S13 pattern, represented by a green arrow on the chart, reinforces the possibility of a rebound. If this bullish signal holds, Dogecoin price could experience a sharp upward movement from its current levels.
Similarly, a recent CoinGape analysis supported the potential Dogecoin price rally to $3, citing strong whale accumulation and market resilience. According to the analyst, the top meme coin maintains support between $0.19 and $0.16, it will trigger a recovery toward key resistance levels, including $1 and $2, before testing the $3 mark.
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.
Crypto analyst Egrag Crypto has suggested that the XRP price can still reach as high as $320, providing a bullish outlook for the crypto amid the recent market downtrend. The analyst also hinted at a timeline for when XRP could reach this price target.
Analyst Confirms XRP Price Can Still Reach $320, Provides Timeline
In an X post, Egrag Crypto confirmed that the XRP price can still reach $320. His accompanying chart showed that the crypto could reach this price target between now and 2026. Interestingly, the chart also showed that XRP could even rally further to as high as $800.
The analyst seemed confident that XRP could reach these price targets. He stated that in the next couple of months and years, it won’t make a difference at what price market participants bought the coin. Instead, they would only wish they had bought more.
This bullish outlook for the crypto comes amid the recent crypto market crash, which saw XRP, and other major cryptocurrencies like Bitcoin, Ethereum, and Solana record significant price crashes.
Meanwhile, this prediction is an upgrade from the analyst’s earlier prediction, in which he predicted that the XRP price could rally to as high as $110 between now and next year.
Showing Great Strength Against Bitcoin
In another X post, Egrag Crypto revealed that XRP is showing “incredible” strength against the Bitcoin price right now. He further remarked that the current formation is undeniably super bullish.
In line with this, he affirmed that double digits are written in golden ink for the XRP price. He outlined the Fib 1.272 at $0.000072, Fib 1.414 at $0.000095, Fib 1.618 at $0.00014 and Fib 1.888 at $0.00023 as some of the potential price targets to keep an eye on.
The crypto analyst asserted that all these targets are not just wishful thinking. Instead, according to him, they are plausible, grounded in historical data and align perfectly with the total market cap.
XRP’s Correction Almost Done
In an X post, crypto analyst Dark Defender assured that the XRP price is close to finalizing the ABC correction pattern in the daily time frame, considering the lowest Relative Strength Index (RSI) figures. He added that the RSI is close to the oversold area.
Once the XRP price correction is over, the analyst predicts that the crypto will rally towards $3 on the first wave, before it rallies to the targets between $5 and $8 with the Wave 3 and Wave 5 impulsive moves to the upside.
Dark Defender also revealed the important levels to watch out for as XRP eyes a bullish reversal. He stated that the support levels are $1.88 and $1.91. Meanwhile, the resistance levels are $2.44, $2.99 and $5.85.
Crypto analyst CasiTrades also confirmed that the XRP’s correction is almost done, with the crypto now forming the final wave 5 of C down. She added that the crypto just completed subwave 4, meaning it is now in the last leg lower to finalize this correction.
The crypto analyst also remarked that higher timeframes are confirming bullish divergence, aligning with the theory that this could be the final low before reversal. She also confirmed that selling momentum isn’t as strong as it was a few weeks ago.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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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