Amid the recent downturn in the global crypto market, a recent session of the Crypto Banter Dylan’s Trading Show has captured attention with its bold predictions regarding Solana, Ethereum, and warnings against XRP and ADA.
Over the past years, crypto analysts have been diligently identifying and analyzing market patterns to help predict future trajectories. Currently, a decline in Bitcoin’s dominance is viewed beneficially for altcoins. According to the Crypto Banter Show analyst, this shift may indicate a more diversified investment landscape in altcoins and an increased market bullishness toward lesser-known chains.
The analyst has expressed optimistic projections for Solana and Ethereum despite cautioning against ‘dead coins’ like XRP and ADA. He suggests that a decrease in Bitcoin’s dominance could result in significant upward movements for these altcoins. Specifically, Solana might find support levels around $137 to $139 if the market sustains its momentum without breaking crucial technical limits. Meanwhile, Ethereum is nearing a critical juncture at the 200-day Moving Average (MA). Should Ethereum break through and maintain this level, it could set off a chain reaction to the upside, positively affecting smaller-cap altcoins.
While the analyst described XRP and ADA as ‘dead coins’—implying limited growth potential in the near term—these assets continue to draw optimism and bullish sentiment from their respective communities. Earlier today, another analyst revealed the potential for XRP to experience a massive rally, citing the emergence of “one of the tightest monthly Bollinger Band squeezes in its history.” According to this analyst, the last occurrence of this indicator saw “XRP surge by 60,000%.”
Additionally, ADA is poised for a pivotal moment with the upcoming Chang Hard Fork. Historical trends offer optimism: before its previous hard fork in 2021, ADA surged by 130%, from $1.35 to $3.10 in a mere month. This upcoming development could trigger a similar price surge, reflecting past patterns of gains linked to significant blockchain updates or forks.
Despite the Crypto Banter Show analyst’s grim outlook labeling XRP and ADA as ‘dead coins,’ current updates from these assets suggest they may still witness significant volatility and potential price increases.
