December
Is Here: Should
You Buy Cardano or XRP
for the Holiday
Rally?
December Is Here: Should You Buy Cardano or XRP for the Holiday Rally?
by Bitcoinist
27 minutes ago
in Press releases
0
Cardano and Ripple led the rally in November. They started their race
following Donald Trump s win and noted gains amidst slight corrections.
Both tokens are above $1 at the time of writing and look ripe for a parabolic
rally. With December here, investors are weighing their options to see which
is a better bet for massive returns. Let s take a look at which is the
best for the holiday rally.
Cardano (ADA) Bounces Back: Will It Surge Higher This December?
Cardano (ADA) is showing resilience after a brief correction. It is currently
trading at $1.05, recovering from its dip below $1 and bringing it closer to
its recent monthly high of $1.15. Analysts believe this correction phase might
be over, with ADA poised for further gains. Analyst Dan Gambardello describes
the current $1 zone as a consolidation and redistribution phase,
which, once complete, will set the stage for a move toward $5–$10.
A major driver of ADA s bullish momentum is whale activity. Prominent
analyst Ali Martinez highlighted that large investors scooped up over 130
million ADA tokens worth $130 million during the recent dip. Such
accumulations reduce market supply, potentially driving prices higher as
demand grows. Additionally, whale confidence often attracts small investors,
adding to market optimism.
On-chain Metrics also Support a Bullish Outlook
ADA s network growth rate just reached its highest since mid-2023, and
large transactions have jumped by 7% in the last 24 hours. With positive
indications favoring a bullish outlook, ADA could be preparing for a major
surge this holiday season. ADA s network growth rate is at its highest
since mid-2023, and large transactions have surged by 7% in the past 24 hours.
With 66% of holders now in profit and strong network adoption, ADA could be
gearing up for a significant rally this holiday season.
Ripple (XRP) Gathers Momentum: A December to Remember?
Now trading at $1.66 at the time of this report, the XRP price has at last
broken past $1.5. Since May 2021, this has been its highest value. Following
this milestone, experts believe that XRP is on its way to witnessing her
gains. This follows the development of a rare bullish technical indicator, a
golden cross on the weekly chart. It last appeared in 2021, when XRP reached
its peak price. So, this could possibly signal another explosive breakout for
the token. Whale activity has also inspired optimism. In recent transactions,
over 44 million XRP were moved from exchanges to unknown wallets. Regulatory
changes are also fueling positive sentiment. Gary Gensler has revealed the
date of his resignation, and the crypto community at large hopes that this
marks the start of better times for cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Chris Giancarlo, former Chair of CFTC, has also driven optimism with his
recent speculation. He expressed hope that the SEC will shortly drop its
lawsuit against Ripple. Should this occur, the XRP price will soar; estimates
suggest it may reach $10. Some analysts like StephIsCrypto even think XRP
might outperform Bitcoin in the next few months. He has set a target for $30
during this bull cycle. With these factors, December could be a defining month
for XRP.
Cardano vs. Ripple: Which Should You Buy This December?
Both Cardano and Ripple show strong potential, but Ripple appears to have the
edge. XRP’s rally is supported by robust whale activity, a golden cross, and
regulatory optimism brought by the SEC chair s resignation. Also, the
hope of a Ripple ETF getting approved earlier than expected and the upcoming
Ripple USD (RLUSD) launch has sparked bullish optimism. These factors could
drive XRP to $3 and above this December, making it a more promising choice for
holiday gains.
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• Экономика » Финансы » Производный финансовый инструмент » Опцион
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