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- XRP has been predicted to hit a $1 trillion market cap this cycle alongside Stellar Lumens (XLM), Dogecoin (DOGE), and Cardano (ADA).
- An analyst has predicted that DOGE could hit $20 this cycle by strongly reacting to the upcoming US presidential inauguration and other macroeconomic factors.
The CoinMarketCap’s Altcoin Index has moved to 47/100, two points above the 45/100 recorded on January 13, 2024. As we reported yesterday, several assets are expected to shine as XRP, DOGE, ADA, and XLM are poised to hit $1 trillion in valuation for the first time.
XRP
XRP currently has a market cap of $164 billion after adding more than $20 billion in just 24 hours. According to our market data, the asset is enjoying a 24-hour gain of 8%, positioning its price at $2.8. Fascinatingly, analyst Dark Defender has estimated the asset to hit $18 by mid-2025. Mathematically, this could position the market cap above $1 trillion.
Assessing Ali Martinez’s thesis, we also found that the current XRP movement is “one of the most bullish scenarios” in the crypto market. According to him, the rally to $2.8 is a result of the movement to the upper boundary of an isometric triangle. Fascinatingly, analysts believe that this move could be accelerated by the possible approval of the spot XRP Exchange Traded Funds (ETF). As earlier featured by CNF in a news piece, the XRP ETF could attract $8 billion in investments.
DOGE
DOGE also had a market cap of $53 billion at press time with a price of $0.352. In the last 24 hours, the meme coin has declined by 0.47%. However, analyst Javon Marks expects an explosive rebound to $20. According to him, DOGE recorded 90x in the 2017 cycle and made a staggering 306x in the 2021 cycle. A successful reach of this significant level could position the market cap at $1 trillion. Pending this expected level, DOGE’s Open Interest has declined from $4.07 billion to $3.29 billion, per a CNF report.
ADA
Cardano (ADA) has a market cap of $36 billion and is trading at $1. In the last 24 hours, this asset has surged by 3% to extend its 90-day gains to 192%. According to a popular crypto analyst, Dan Gambardello, DOGE could break key resistance levels to hit $31. At that time, he explained that the asset was experiencing 180 days of downside. Mathematically, a surge to this predicted level would position the market cap above $1 trillion.
XLM
XLM is currently the 12th largest crypto by market cap, with a valuation of $14 billion. According to our market data, XLM remains one of the biggest movers in the last 24 hours, with a 9% surge to trade at $0.46. Meanwhile, analysts expect the price to hit a significant level after breaching the $0.50 psychological mark, per a CNF report. Meanwhile, the Stellar Development Foundation has been expanding its ecosystem as its active addresses went past 9 million in the third quarter of 2024.
