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Solana (SOL) has finally surged above $190 for the first time in five months after its price increased by 5.63% today, July 21. Solana price is now close to moving above the highly anticipated level of $200, and a golden cross might support a rally to this target. The current gains have also drawn a
The post Solana Price Prediction- 21Shares Bets Big on Solana Instead Of Ethereum As SOL Targets $300 appeared first on CoinGape.
The ongoing XRP price consolidation will likely end soon due to two catalysts – the recent spike in active addresses and the DC Blockchain Summit. Could these two events trigger a production of higher lows that push the token to bounce and tag the $3 psychological level?
Bitcoin is up nearly 3% in the past 20 hours and trades around $83K with no clear directional bias. However, XRP, Ethereum (ETH), and other altcoins await a bias after the highly anticipated Fed’s Interest Rate decision and FOMC events.
From a purely technical perspective, XRP price is hovering between the $2.057 to $2.724 range. After a deviation of the range low on March 11, the token has bounced 30% to set up a local top at $2.47. For the trend to remain bullish, Ripple’s XRP needs to produce a higher low above $2.057. Such a development will propel the price to revisit the range high of $2.724.
In a highly bullish case, where Bitcoin price remains above $90K, Ripple’s token could flip the range high resistance level at $2.724 into a support level, advancing to $3. This move would constitute a near 40% rally, assuming XRP price produces a higher low at $2.1571.
As of December 2, 2024, XRP price touched the $2.69 level for the first time in more than five years. This historic level saw Daily Active Addresses (DAA) hit a peak of 165K. Since then, the on-chain metric remained relatively lower, showing a waning of investors’ interest. However, the DAA more than tripled and hit 530K on March 2. This sudden uptick notes that investors are interested in XRP at the current price levels.
Since the DAA spike has been sustained for the past two weeks, it indicates that XRP holders are anticipating something huge in the upcoming days.
This is where the DC Blockchain Summit fits in, where multiple well-known crypto personalities and US government officials are gathered to discuss cryptocurrency.
Meanwhile, Chainlink’s Sergey Nazarov is set to host a pivotal discussion with Bo Hines, who is the executive director of the President’s Council of Advisers on Digital Assets and all things crypto.
Considering that Ripple is a US-based company, the DC Blockchain Summit could reveal Ripple and other key cryptocurrencies and blockchain’s role in furthering America as crypto capital. Hence, the chances of XRP price rallying to $3 and beyond due to these catalysts are high.
The post Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit? appeared first on CoinGape.
Analysts are pointing out that Ethereum (ETH) has now gathered several key factors. These are the very catalysts investors have long awaited to trigger a powerful new rally.
In June, these signals are becoming more evident, forming a solid foundation for short-term price expectations. So, what are these factors? Let’s dive in.
Axel Bitblaze, a well-known analyst on platform X, believes ETH is on the verge of its biggest breakout ever. According to him, four main catalysts are laying the groundwork for ETH’s upcoming strong growth.
One major reason Axel Bitblaze remains bullish on ETH is BlackRock’s aggressive accumulation. Since May 9, 2025, BlackRock has bought 269,000 ETH—worth roughly $673.4 million—without selling a single coin. This signals a long-term investment strategy in ETH.
Previously, BlackRock helped lead Bitcoin’s (BTC) price surge from $76,000 to $112,000, driven by massive inflows into its ETF. Now, with similar moves happening for ETH, many analysts believe this is a strong signal that ETH could soon break out.
Additionally, the latest report from BeInCrypto notes that ETH has recorded the strongest inflow streak since the US elections.
The second factor Axel Bitblaze highlights is the significant increase in Ethereum’s network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. At the same time, daily active addresses rose to 440,000—also the highest in the past six months.
This reflects the network’s growing usage, particularly in areas like decentralized finance (DeFi) and stablecoin transactions.
The third factor Axel points out is that the ETH/BTC ratio has dropped to its lowest level in six years. The weekly RSI has also hit a record low, suggesting ETH is currently oversold. This often signals a potential trend reversal.
Moreover, over the past month, the ETH/BTC pair has already recovered by 30%, serving as an early confirmation of a possible reversal.
Finally, he highlighted the institutional demand for ETH as demonstrated by SharpLink Gaming recently raising nearly half a billion dollars to purchase ETH.
Based on these developments, Axel Bitblaze predicts that ETH could reach $9,000 by early 2026.
“By December 2025, ETH could trade around $6,000 to $6,500. The final leg up will happen in Q1 2026, and ETH will most likely trade above $9,000 before a blow-off top,” Axel Bitblaze said.
Beyond the catalysts Axel emphasized, the amount of ETH being staked hit a new high in June, with 4.65 million ETH now locked, nearly 30% of the current circulating supply.
This rise in staked ETH has pushed the available exchange supply to new lows in June. With supply tightening and institutional demand rising, pressure is building for upward price movement.
In addition to Axel Bitblaze’s analysis, veteran trader Merlijn The Trader compared ETH’s current price cycle to the 2017 bull run. He believes ETH is now structurally positioned for an even stronger breakout.
“ETH IS COPYING 2017… BAR FOR BAR
2017: Breakout after reclaiming the 50 MA
2025: Same setup. Same level. Same tension.Only difference?
2025 has a bigger engine, more fuel… and no brakes.” – Merlijn The Trader said.
At the time of writing, ETH has recovered more than 50% since early May and is trading above $2,600. However, a recent analysis from BeInCrypto notes that profit-taking has begun. This may act as short-term resistance to ETH breaking out above the weekly 50 MA, as Merlijn predicted.
The post Analyst Highlights 4 Reasons Why Ethereum May Be on the Verge of Breakout appeared first on BeInCrypto.
Coinbase, the largest US crypto exchange, has recorded its worst quarter since the dramatic collapse of FTX in late 2022.
Coinbase’s stock (COIN) plummeted by 30% in Q1 2025, mirroring the steep losses seen across the broader crypto market.
According to Bloomberg, the sharp decline has hit several other major crypto-related stocks as well. This includes Galaxy Digital, Riot Blockchain, and Core Scientific, all of which have experienced significant downturns.
Furthermore, the broader crypto market is facing tough times. Bitcoin, which has long been considered the bellwether of digital assets, has dropped by 10% this quarter. More dramatically, Ethereum (ETH) has seen a staggering 45% decline. These losses reflect a broader downturn in the crypto market, fueled by several macroeconomic factors.
Analysts point to the global uncertainty surrounding the US economy, including concerns over Trump’s tariffs and recession fears. This has resulted in a general “risk-off” mood among investors.
“In a risk-off mood, no asset is safe stocks, crypto, all get hit. It’s more about sentiment than fundamentals in those moments,” an investor commented on X.
While some point to these macroeconomic pressures as the primary cause, others argue that the market’s underperformance is more due to lingering fears of trade wars and broader geopolitical instability.
“Trump’s trade wars are driving markets into a panic. As much as he is doing for crypto, the macro market conditions are speaking louder – as bullish as the news is from the white house – His trash trade war is squelching any price surge,” another X user remarked.
Coinbase has been hit especially hard in this downturn. Coinbase’s revenue model is heavily reliant on altcoins and transaction volumes beyond Bitcoin. Hence, the overall market drop could have made a mark on the exchange’s stock prices. Moreover, the news comes as Coinbase users have collectively lost more than $46 million to scams in March.
While crypto has been in a freefall, other assets have fared much better. Gold, for example, has surged, posting its best quarter since 1986 as investors flock to safer assets amid the market turmoil. The shift toward traditional assets is particularly noticeable as the post-election crypto hype, which briefly boosted Bitcoin’s value to $109,000, begins to fade.
Despite the overall market challenges, some crypto-related firms have shown resilience. MicroStrategy, led by CEO Michael Saylor, remains in the green year-to-date, bolstered by its substantial Bitcoin holdings.
For now, the crypto market is left to weather the storm, with analysts continuing to scrutinize the interplay of macroeconomic factors and its impact on digital assets.
The post Coinbase Faces Worst Quarter Since FTX Collapse as Crypto Markets Struggle appeared first on BeInCrypto.