Altcoins
XRP May Hit All-Time High in 2024, Analyst Bullish on New Altcoin
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XRP has seen significant volatility in recent weeks, rising throughout the first week of December before falling sharply over the past few days. Despite this, one seasoned trader had his say when he believed XRP would hit a new all-time high.
However, it’s not just XRP making bullish predictions; A new altcoin, TG.Casino (TGC), also appears poised for significant growth, according to crypto experts.
XRP consolidates
At the time of writing, XRP is trading at $0.603, down 13% from $0.700.
XRP rallied for most of October and early November, but the bullish momentum has slowed significantly since November 13.
In recent weeks, XRP has consolidated – even as major altcoins like Solana (GROUND) and Cardano (ADA) saw double-digit gains.
This divergence suggests that XRP could take a breather while the rest of the market continues its rise.
However, investor sentiment towards XRP remains generally optimistic, with CoinGecko analysis revealing that more than 69% of users feel “good” on the prospects of the token.
From a technical perspective, XRP is trading around a vital support zone at $0.590, which has held repeatedly since mid-November.
If this support zone holds again, XRP could potentially find a base for further advance.
On the other hand, a break of this support level could lead to further decline, with the next key support being at $0.550.
XRP to record new all-time high in 2024
Although XRP’s near-term price situation remains uncertain, some crypto experts remain optimistic about its long-term prospects.
Veteran trader Brett Hill claims that XRP can reach $1.40 by early January 2024.
In a message addressed to his 38,000 subscribers, Hill also presented an optimistic roadmap which speculated that XRP could challenge its all-time high of $3.84 by next spring.
This bullish forecast complements a similar prediction from crypto expert XRP Captain, who believes the token will reach a new historic record “in the first quarter of 2024”.
If these crypto veterans’ predictions prove correct, 2024 could mark a monumental year for XRP.
Specifically, XRP needs to rise over 455% to reach a new all-time high, but bullish stances from top traders suggest this could be a real possibility.
TG.Casino praised
As the crypto market prepares for what many believe will be a bullish 2024, another emerging project that experts believe could crop up is TG.Casino.
TG.Casino is a blockchain-based online gaming platform integrated with Telegram allowing users to operate anonymously.
In the ongoing pre-sale phase, TG.Casino has already raised over $3.9 million and is on track to reach the soft cap target of $5 million.
Crypto analysts, including YouTuber VO Crypto, are optimistic about the project’s prospects.
https://www.youtube.com/watch?v=kvui0-kkqw
VO Crypto highlighted TG.Casino’s combination of crypto gambling and token burning as possible drivers of TGC prices.
TG.Casino requires no know-your-customer (KYC) verification to play and uses Telegram’s end-to-end encryption for added security.
Players can place bets using TGC, receive perks and 25% cashback.
The project even received a full gaming license of Gaming Curacao and spent a Coinsult audit.
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