Altcoin
Crypto ETF Filings Fuel Rally In ADA, LTC, & Others, Altcoin Season Imminent?

The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF approvals. Analysts are hopeful of an altcoin season moving ahead, however, it will be interesting to see if this could be the turning point.
Greater Odds of Crypto ETFs for Litecoin, Cardano Approval Push Altcoins Higher
The altcoins market is once again seeing a ray of hope with Litecoin (LTC) and Cardano (ADA) leading the rally as the odds of a Litecoin ETF approval surge to a massive 90%. On the other hand, crypto asset manager Grayscale has filed for a spot Cardano ETF amid the growing interest in different digital assets.
Amid the chatter around altcoin crypto ETFs picking up, Bloomberg ETF strategists Eric Balchunas and James Seyyfart have disclosed the approval odds for each. While everyone is betting on a spot XRP ETF following the settlement of Ripple vs SEC lawsuit, the XRP ETF has a 65% chance of approval, said the analysts. However, they believe that Litecoin ETF approval odds are at 90%, and even the Dogecoin ETF approval chances are at 75%, higher than XRP.
Litecoin Price Leads with Nearly 15% Gains
The approval odds of the crypto ETFs appears to be the primary reason why LTC and ADA are outperforming other altcoins today. As of press time, Litecoin price is trading 14.85% up at $130.04 with daily trading volumes surging by 86.3% to more than $1.7 billion. As per the Coinglass data, the LTC open interest has surged by a massive 26% to more than $700 million, with the 24-hour liquidations shooting to $4.21 million of which $3.46 million is in short liquidations.
Over the past few months, the LTC price has been oscillating in the range of $100 on the lower end and $140 on the upper price band. A breakout above $140 could set the stage for a mega rally moving ahead. Besides, a recent Litecoin price prediction shares further details on the crypto’s potential performance ahead.


Cardano (ADA) price has also surged by a strong 11% moving to $0.76 with its daily trading volumes surging 13.67% to $867 million. Similarly, the ADA futures open interest has shot up by 13% to $700 million as the crypto ETF speculations soared.
Altseason to Begin Soon?
Amid the crypto ETF buzz, popular crypto analyst Crypto Rover reported that we will soon witness a bullish cross-over of the 100-week moving average above the 200-week moving average. This is when the mega altcoin rally would begin. The last time such a cross-over took place in 2021, it triggered a 500% surge in the overall altcoin market. Several other analysts have also been hopeful for the start of an altcoin season despite the recent greater market turbulence.


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
Crypto Whales Bag $20M In AAVE & UNI, Are DeFi Tokens Eyeing Price Rally?

Recent crypto whale metrics surrounding DeFi tokens have garnered immense investor optimism, suggesting that price gains for some coins are imminent despite the ongoing market uncertainty. Whale data on Thursday, April 17, indicated that large-scale investors stacked over $20 million in AAVE and UNI. These accumulations have ignited a bullish market torrent, underscoring buying pressure on the assets despite the broader market slump.
Crypto Whales Stack $20M In DeFi Coins Igniting Optimism
According to the data from Spot On Chain, crypto whales are quietly accumulating DeFi tokens via OTC. As per the data, two fresh wallets recently scooped up a total of $20.11 million worth of the abovementioned tokens.
The wallet address “0x3bb..” bought $4.28 million worth of UNI from Cumberland. Further, the same wallet and the address “0x4f7..” collectively bagged $15.83 million worth of AAVE from the same OTC exchange. These massive accumulations have suggested that price gains lie ahead for the DeFi cryptos.
For context, usual market sentiments remain highly bullish in the wake of such whale accumulations, signaling market confidence and buying pressure on an asset. So, traders and investors anticipate price gains in these DeFi tokens shortly.
How Are The Coins Performing Today?
AAVE price was up by roughly 3.5% at the time of reporting, exchanging hands at $138.81. The DeFi token gained after hitting a bottom of $130.43 over the past day. Notably, this rising action potentially aligns with broader trends and the crypto whales’ significant buying.
Also, Coingape has reported that the token’s community proposed a major AAVE buyback plan and liquidity upgrade the previous month. This upgrade aims to uplift the coin’s market and price dynamics. The whale accumulation, in turn, falls in line with this development.
On the other hand, UNI price was up by roughly 2.5% and traded at $5.27. The DeFi crypto hit a low of $5.05 over the past day.
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
Expert Reveals Hurdles For Ripple And The SEC Ahead Of Final Resolution

While the XRP lawsuit is reaching its closing stages, there are a few loose ends that parties are racing to tie up. Digital assets lawyer James Farrell notes that Ripple Labs will pursue an indicative ruling to ease its future IPO proceedings. However, internal processes at the Securities and Exchange Commission (SEC) may see the loose ends become a knotty issue for Ripple Labs.
Ripple Is Chasing An SEC Settlement And An Indicative Ruling
According to crypto lawyer James Farrell, Ripple and the US SEC have to sidestep a raft of hurdles to reach the final resolution in the XRP lawsuit. Farrell revealed via an X post that Ripple Labs is pursuing a settlement with the SEC while having its sights on an indicative ruling from Judge Torres.
Parties are taking a breather from legal proceedings after the US Court of Appeals granted a joint motion to suspend appeals. As parties sheath their swords and head to the negotiating table, Farrell says Ripple is tipped to table a settlement offer.
Furthermore, Ripple is expected to ask the District Court to issue an indicative ruling, seeking for Judge Torres to modify her judgment. Per Farrell, Ripple wants a modification to allow it to carry out private sales of XRP ahead of a Ripple IPO launch date.
“Why do they want it? Because without it, the possibility of an IPO in the next 3+ years is basically zero,” said Farrell. “So while the cool kids are going public, Ripple practically cannot.”
A Complicated Administrative Process In The XRP Lawsuit
According to the legal expert, the process will involve Ripple submitting a settlement offer and a request for an indicative ruling. Farrell notes that Ripple’s legal team can submit both requests to the SEC jointly or separately.
He notes that the settlement is a low-hanging fruit for Ripple, but the indicative ruling may be a knotty issue for parties in the XRP lawsuit. If the SEC assents to the settlement, Ripple will still have to file a motion before Judge Torres, with the expert forecasting a six-month time frame.
After her decision, parties may head to the appellate court as the appeal is still subsisting, and file a voluntary dismissal. Farrell predicts the process at the appellate court to last for one month.
If Judge Torres denies the motion to modify the injunction, Farrell notes that the parties will head back to the Appeal Court with the argument on appeal potentially extending to January 2027.
Following the pause in legal proceedings in the XRP lawsuit, an analysis tips $2 as the XRP price floor for a parabolic rally.
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
DOGE Whale Moves 478M Coins As Analyst Predicts Dogecoin Price Breakout “Within Hours”

A DOGE whale has drawn the crypto community’s attention following a recent transfer involving millions of the meme coin. This development comes as crypto analyst Master Kenobi predicted that a Dogecoin price breakout will happen “within hours.”
DOGE Whale Moves 478 Million Coins As Dogecoin Price Eyes Breakout
Whale Alert data shows a DOGE whale moved 478 million coins worth $72.9 million from an unknown wallet to another unknown wallet, hinting at active accumulation from this investor. Other whales also look to be actively accumulating, as crypto analyst Ali Martinez revealed that DOGE whales bought over 800 million coins in 48 hours.
This accumulation comes amid Master Kenobi’s prediction that a Dogecoin price breakout will happen within hours. His accompanying chart highlighted an ascending rectangle, from which the breakout could occur. The analyst further remarked that the breakout will also likely surpass the downtrend line.
The crypto analyst stated that this is arguably the most significant event for DOGE this year so far. He added that the Dogecoin price’s peak is anticipated around late May to early June, aligning with the BNB price and other major altcoins.
Meanwhile, his accompanying chart also showed that Dogecoin could rally to as high as $0.8 if it reaches the upper boundary of this rectangular channel.
Martinez also recently predicted that the top meme coin could soon reach $0.29. He stated that price needs to hold the key support at $0.13 and sustain a break above $0.17 to reach this level.
More Bullish Outlook For DOGE
In a series of X posts, crypto analyst Trader Tardigrade provided a bullish outlook for the Dogecoin price. In one post, he stated that DOGE is breaking out of a falling wedge pattern on the 1-hour chart. He added that DOGE’s Relative Strength Index (RSI) also shows a breakout after hitting the oversold zone.
In another post, the crypto analyst stated that Dogecoin is forming a prolonged symmetrical triangle. Trader Tardigrade remarked that the longer the consolidation within the triangle, the stronger the momentum builds, leading to a higher pump for the DOGE price.
His latest X post also showed that the Dogecoin price was eyeing a rally to the $0.8 target, just like Master Kenobi predicted.
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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