TL;DR

• Active XRP addresses have exploded in the past week, signaling new bullish momentum for the asset’s price.
• Analysts remain optimistic, with some predicting a parabolic move above $27. However, that would require the market cap to jump to the unrealistic $1.5 trillion.

The Substantial Increase

Ripple’s XRP witnessed enhanced volatility in the last week, with its price briefly plunging below $2 towards the end of February and reaching a local top of over $3 at the start of March. Currently, the asset is worth around $2.50, representing a 10% jump on a seven-day scale. 

Some factors suggest that a further jump might be on the horizon. According to Ali Martinez, the number of active XRP addresses has skyrocketed by 620% in the last week: from less than 75,000 to over 460,000.

The significant resurgence signals increased network activity, growing adoption, and more on-chain utility for Ripple’s native token. 

Another element worth observing is the whales’ activity. Earlier this month, Martinez revealed that large investors purchased more than 270 million XRP in 48 hours. Continuous efforts of that type leave fewer tokens on the open market, which could be followed by a price rally (assuming demand doesn’t head south).

The whales’ actions is also closely monitored by some smaller players, who might decide to follow suit and inject fresh capital into the ecosystem.

XRP’s Next Possible Targets

Crypto X is full of market observers who believe the asset’s valuation is gearing up for a major bull run. Most recently, the analyst using the moniker EGRAG CRYPTO outlined some important reasons why XRP could be preparing for its next “big leap.”

Some of the factors include a retest of “the bull market support band” and a “noise consolidation” at the $2-$3.40 range. 

The X user reminded that in 2017, XRP followed “a classic Fib extension move, smashing Fib 1.618, consolidating, then making another parabolic move to Fib 2.236.” They assumed that if history repeats, this could result in a price explosion above $27. 

It is worth noting that such a high valuation would require the coin’s market cap to soar to almost $1.5 trillion. As of this writing, the total capitalization of the entire crypto sector is around $3 trillion, making the forecast somewhat implausible. EGRAG CRYPTO had an answer to that, saying:

“Now, I already hear the skeptics yelling, “But what about Market Cap?!” Here’s my response: Shut the FUD up. Market cap is a flawed measurement when it comes to real utility-driven assets.”

Ethereum continues to face tough times in this bull cycle, underperforming other alternative coins despite its position as the second-largest cryptocurrency.

While the broader crypto market is struggling currently, ether (ETH) appears to be getting hit the hardest compared to its rivals, as seen in the asset’s on-chain metrics. The latest data analyzed by the market intelligence platform CryptoQuant has found that the profit levels for ETH holders have fallen to levels seen during the last bear cycle.

Whales’ Profit Ratio Hits Bear Market Levels

According to CryptoQuant analyst Darkfost, the unrealized profit ratio for ETH whales—traders holding at least 100,000 ETH—has fallen to bear market levels. This cohort of investors last saw this level of unrealized profits in January 2023 and the months before then.

Darkfost said that most whales’ positions have returned to the same profit levels recorded during the previous bear market. This is despite the fact that ETH is currently almost twice its value from the last bear season.

While the unrealized profit ratio for traders holding at least 100,000 ETH just fell to former bear market levels, the metric for the cohort holding between 1,000 and 10,000 ETH has reverted to negative unrealized profit ratio levels.

Additionally, the ETH/BTC ratio continues to decline, with the metric facing a combination of intense fear, uncertainty, and doubt (FUD) and complex price action. Data from TradingView reveals the ETH/BTC price at a five-year low of 0.0246, following a state of constant decline since 2022.

Tough Time for ETH Holders

This period of difficulty for Ethereum can also be seen in ETH price, which has plummeted 15% monthly and 10% weekly. After a brief surge on Sunday due to news of the United States creating a strategic crypto reserve, including ETH, the cryptocurrency fell more than 20% from $2,541 to $2,019 within 24 hours. At the time of writing, ETH had recovered slightly and was changing hands at $2,232, depicting a 6% uptick daily.

At ether’s current price, it is almost 50% below its December 2024 peak above $4,000. Market analysts have predicted that ETH could fall to late 2022 lows of $1,200 after identifying a double-top formation from the asset’s monthly time frame chart. This is likely to happen if ETH breaks below its $2,100 support level.

Meme coins are often dismissed as fads, but BTC Bull Token aims higher.

With a wildly successful presale already underway, the burning question is: Can BTC Bull Token (BTCBULL) be the first Bitcoin-themed meme coin to take off?

What is BTC Bull Token and How Does It Work?

So, why is there so much hype around BTC Bull Token?

This is because BTCBULL is a meme coin with a twist – it’s directly tied to Bitcoin’s success.

The project, built on Ethereum, dubs itself the “official Bitcoin meme coin.”

According to their whitepaper, the team aims to build a community around the idea that Bitcoin could eventually hit $1 million, rewarding token holders along the way.

The core idea is simple: as Bitcoin’s price hits specific milestones, BTCBULL holders receive free Bitcoin airdrops.

It’s like a dividend, but instead of dollars, you receive the world’s largest cryptocurrency.

Additionally, a massive airdrop of BTCBULL is also scheduled for when Bitcoin’s price hits $250,000.

But that’s not all.

BTC Bull Token also includes a burn mechanism: whenever Bitcoin jumps by $25,000, a portion of the supply is destroyed.

This makes the remaining tokens scarcer and potentially more valuable.

For those interested in passive income, there’s even a staking program for BTCBULL, offering estimated annual yields of 133%.

BTCBULL Token Presale Raises $3.2M as Crypto YouTubers Weigh In

This clever approach to a meme coin is clearly going down well, as BTC Bull Token’s presale is on fire.

It has already raised over $3.2 million, with tens of thousands of dollars pouring in daily.

The BTCBULL price is currently $0.002395, but that won’t last long.

The price is set to rise again in less than 48 hours, creating a real sense of urgency for those looking to get in at a discount.

The presale is just the first phase of BTC Bull Token’s roadmap.

After the presale ends, BTCBULL will be listed on a DEX initially, opening it up to a broader audience.

If all goes well, a listing on a CEX like OKX or Gate.io could be in the cards.

This potential for broad exposure is generating lots of buzz online.

Even crypto influencers are taking notice, with NASS CRYPTO (over 1 million YouTube subscribers) releasing a video about BTC Bull Token.

He believes the token could become a hot topic once it launches later this year.

Can BTC Bull Token Be the First Mainstream Bitcoin Meme Coin?

Could BTC Bull Token be the first Bitcoin meme coin to hit the mainstream?

It’s an intriguing question, but the answer isn’t so simple.

Historically, Bitcoin wasn’t designed to host meme coins; its blockchain is all about security.

On the other hand, Ethereum makes creating these kinds of coins straightforward.

That’s why meme coins like Dogecoin and Shiba Inu took off on Ethereum; it was easier and cheaper.

But things are changing.

New protocols like Ordinals and Runes have opened the door to creating meme coins on Bitcoin.

We’ve already seen several, like DOGS and PUPS, gain some attention – but none have really exploded like DOGE or SHIB did.

That’s because Bitcoin transactions can be slow and pricey compared to other blockchains like Solana.

The good news is that BTCBULL isn’t on the Bitcoin blockchain.

That means it gets the best of both worlds: a faster network and Bitcoin’s popularity.

Plus, with its unique rewards mechanism, there’s a clear incentive to hold BTCBULL long-term.

So, with millions already raised in the presale, this new meme coin has a real shot at breaking through where most others haven’t.

Visit BTC Bull Token Presale

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