Bitcoin
Bitcoin (BTC)
$67,888.00 -0.10674
Bitcoin price
Ethereum
Ethereum (ETH)
$3,802.28 -1.51646
Ethereum price
BNB
BNB (BNB)
$599.06 0.13119
BNB price
Solana
Solana (SOL)
$169.53 1.2734
Solana price
XRP
XRP (XRP)
$0.5251600 -0.27214
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000280 13.40693
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000154 -5.26401
Pepe price
Bonk
Bonk (BONK)
$0.0000414 6.84861
Bonk price
Bitcoin
Bitcoin (BTC)
$67,888.00 -0.10674
Bitcoin price
Ethereum
Ethereum (ETH)
$3,802.28 -1.51646
Ethereum price
BNB
BNB (BNB)
$599.06 0.13119
BNB price
Solana
Solana (SOL)
$169.53 1.2734
Solana price
XRP
XRP (XRP)
$0.5251600 -0.27214
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000280 13.40693
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000154 -5.26401
Pepe price
Bonk
Bonk (BONK)
$0.0000414 6.84861
Bonk price
Bitcoin
Bitcoin (BTC)
$67,888.00 -0.10674
Bitcoin price
Ethereum
Ethereum (ETH)
$3,802.28 -1.51646
Ethereum price
BNB
BNB (BNB)
$599.06 0.13119
BNB price
Solana
Solana (SOL)
$169.53 1.2734
Solana price
XRP
XRP (XRP)
$0.5251600 -0.27214
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000280 13.40693
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000154 -5.26401
Pepe price
Bonk
Bonk (BONK)
$0.0000414 6.84861
Bonk price
Bitcoin
Bitcoin (BTC)
$67,888.00 -0.10674
Bitcoin price
Ethereum
Ethereum (ETH)
$3,802.28 -1.51646
Ethereum price
BNB
BNB (BNB)
$599.06 0.13119
BNB price
Solana
Solana (SOL)
$169.53 1.2734
Solana price
XRP
XRP (XRP)
$0.5251600 -0.27214
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000280 13.40693
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000154 -5.26401
Pepe price
Bonk
Bonk (BONK)
$0.0000414 6.84861
Bonk price
SirWin
SirWin
SirWin

Crypto expert gives analysis of major altcoins, market sees slight uptick

crypto-expert-gives-analysis-of-major-altcoins-market-sees-slight-uptick
Edited by
Markets
Crypto expert gives analysis of major altcoins, market sees slight uptick

According to FxPro senior market analyst Alex Kuptsikevich, the crypto market has been relatively stagnant, showing a decline in market cap until today’s increase.

Ethereum (ETH) trades at $2,977.88, a 2.6% increase over the past 24 hours. Its market cap has grown by 2.64% to over $357 billion, staying the second-largest cryptocurrency.

Kuptsikevich highlighted Ethereum’s challenges, noting its ongoing consolidation near the lower end of its price range and a “death cross” under its 200-day average, suggesting potential longer-term declines. This contrast between the short-term increase and the analyst’s medium-term concerns shows the complexities of market predictions.

Crypto expert gives analysis of major altcoins, market sees slight uptick - 1
24-hour price of ETH from CoinMarketCap

Similarly to Ethereum, Cardano (ADA) has seen a 2.43% rise in its price to $0.4461, with its market cap increasing by 2.42%. Positioned as one of the 10 largest cryptos, ADA’s trading near the lower end of its range suggests a cautious outlook despite the recent uptick, mirroring Ethereum’s consolidation trend.

Crypto expert gives analysis of major altcoins, market sees slight uptick - 2
24-hour price of ADA from CoinMarketCap

Litecoin’s (LTC) price has increased by 1.81% to $80.98, and its market cap has risen by 1.82%. As the 19th largest cryptocurrency, LTC continues to test its 200-day average, indicating a potential ongoing struggle to regain stronger bullish momentum. According to Kuptsikevich, Litecoin could face a protracted period of bearish trends if it fails to reclaim higher levels soon.

Crypto expert gives analysis of major altcoins, market sees slight uptick - 3
24-hour price of LTC from CoinMarketCap

XRP is trading around a historically significant level of $0.50 after losing key support earlier in April.

“XRP broke below an upward support line, transforming it into resistance for subsequent peaks. This sets up a bearish scenario, potentially pulling back to long-term support at $0.25-30,” Kuptsikevich remarked, suggesting a cautious approach for investors.

XRP’s modest price increase of 1.57% to $0.5135 contrasts with a minor 0.56% increase in market cap. The 7th largest crypto, XRP’s break below key support levels earlier in the month points to a challenging road ahead despite some recovery, as indicated by the analyst.

Crypto expert gives analysis of major altcoins, market sees slight uptick - 4
24-hour price of XRP from CoinMarketCap

In contrast, Solana (SOL) shows speculative potential, with predictions by Merkle Tree Capital suggesting a rise to $400 by November 2024, driven by meme coin popularity linked to the U.S. election campaign.

Since the Merkle Tree analysis, SOL has shown a notable surge. Its price has increased by 7.54% to $152.76, while its market cap has expanded by 7.53%, making it the fifth largest cryptocurrency.

Crypto expert gives analysis of major altcoins, market sees slight uptick - 5
24-hour price of SOL from CoinMarketCap

While the short-term data from CoinMarketCap shows promising gains for these cryptocurrencies from U.S. inflation data, the medium-to-long-term analyses by Kuptsikevich paint a more nuanced picture that could be affected by other external economics.