Author: Monicah W

Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, the analyst alluded to a previous analysis, in which he predicted that XRP could reach $130, a move which confirms that the altcoin is still on the path to this ambitious target.

XRP Price Set To Rally To $130

In an X post, Egrag Crypto confirmed that the XRP price could rally to $130. He alluded to a previous analysis in which he predicted that the altcoin could rally to this target while stating that only a few understand what is coming for the altcoin. Back then, the analyst had highlighted $130 as one of the massive macro targets as XRP eyes a parabolic breakout.

He also raised the possibility of XRP entering its most explosive phase yet and added that the “eruption is near.” Indeed, XRP might be about to enter its most explosive phase, considering that the US SEC has agreed to drop the Ripple lawsuit. This development is very bullish for the XRP price, as the long-running legal battle had negatively impacted the altcoin during the 2021 bull run.

In another X post, Egrag Crypto revealed how XRP could rally to as high as $8 in the midterm. He stated that a close above $2.66 would be a good sign, followed by another close above $2.97, which would be a second bullish confirmation.

The analyst asserted that the ultimate confirmation for a bullish trend would be a close at $3.40. Egrag Crypto stated that the next targets are between $5 to $8 if XRP hits $3.40, which is the current all-time high (ATH).

What Next For The Altcoin As Key Structure Holds

Crypto analyst CasiTrades revealed that the XRP price has held its structure. She noted that the altcoin took a strong dip to a local 0.5 retracement level but held structure right where it needed to. She added that even with the break below $2.40, XRP respected the channel structure and closed at the 1.236 extension for Wave C.

The analyst remarked that this price action is textbook Wave 4 behavior and, as long as XRP doesn’t witness further breakdowns, new highs could be loading. She warned that this is still a critical moment. If the channel continues to hold, CasiTrades predicts that the altcoin should make a push toward $2.65 to $2.70 with the breakout.

She again affirmed that $2.70 is the next major level to flip to support to continue the macro trend up towards ATH. The analyst revealed that the $2.45 price level is the resistance that will help confirm this push. Coincidentally, XRP is currently testing this level. CasiTrades warned that if the altcoin can’t break it, it could record another dip to the deeper 0.618 retracement level at $2.36.

Regardless of any dip, the crypto analyst asserted that the XRP price remains bullish on the macro degree, sitting above its major 0.382 retracement level at $2.25. She remarked that new highs above $3.40 should be printing soon.

Besides the SEC’s decision to drop the Ripple lawsuit, fundamentals such as Bitnomial’s launch of XRP Futures contracts also provide a bullish outlook for the altcoin and could spark a significant price surge.

The post Analyst Confirms XRP Price Is Still On Path To $130 appeared first on CoinGape.

US Securities and Exchange Commission (SEC) Chairman nominee Paul Atkins will appear before the Senate Banking Committee for his long-awaited confirmation hearing in the coming week. The committee will decide whether Atkins is a suitable replacement for Gary Gensler and will also consider other pro-crypto nominations.

Paul Atkins US SEC Chair Hearing

According to the released schedule, the US Senate hearing for Atkins is scheduled for Thursday, March 27. 

In addition to this hearing, the Senate panel intends to weigh the nomination of Jonathan Gould to serve in the Office of the Comptroller of the Currency. Anyone who occupies this office is responsible for overseeing U.S. national banks. This is a key area of interest for crypto firms, especially to reverse the debanking menace permanently.

Before now, Paul Atkins served as a commissioner with the US SEC but is very supportive of digital asset initiatives. 

He was in charge of a Washington firm that managed clients with financial compliance issues. The broader crypto ecosystem expects him to sustain the pro-crypto momentum that President Donald Trump brought to the US following his inauguration.

Paul Atkins the Trump Choice for SEC

In December, President Donald Trump nominated Paul Atkins as the next chair of the SEC, citing his pro-crypto stance. 

Trump also highlighted that Atkins is a proven leader in “common sense” regulations. At the time, several market observers pointed out the SEC’s regulation-by-enforcement approach.

Prior to his confirmation, Trump designated Mark Uyeda as acting Chairman. Uyeda has upheld the president’s pro-crypto agenda, and Atkins is expected to maintain the current status quo.

In the long term, he is expected to implement policies that favor the crypto ecosystem, which may eventually change the regulatory outlook of the region and attract more investors.

US SEC Turnaround Under Mark Uyeda

Mark Uyeda has served as the SEC’s interim chairman since January 20, when Trump was inaugurated. 

In this position, many changes have come to the crypto ecosystem within two months. Some lawsuits against crypto firms have been retracted. While it started with the Coinbase lawsuit, other cases tied to Uniswap, Robinhood Crypto, OpenSea, and Kraken have also been closed.

The US SEC closed the Ripple lawsuit earlier this week, a major pivot that shows no legal obligation for Paul Atkins if confirmed. Similarly, the US President also recently signed an executive order establishing the strategic Bitcoin reserve. 

This reserve, according to industry leaders, may also expand to altcoins like XRP soon.

The post Paul Atkins To Face Nomination Hearing for US SEC Chair Role Next Week appeared first on CoinGape.

Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs.

According to the filing published on Thursday, the proposed ETF will invest in the PENGU token, which is the official token of the Pudgy Penguins NFT project, as well as in Pudgy Penguins NFTs themselves. The filing also states that the ETF will hold other digital assets, including Ethereum (ETH) and Solana (SOL), to support trading and transfers.

Canary Capital Files for Pengu ETF

In the registration statement, the ETF is defined as an investment trust that invests in digital assets such as PENGU tokens and Pudgy Penguins NFTs, among others. Regarding these holdings, Canary Capital emphasized that these ones are critical for monitoring the token and the NFT assets.

If launched, the ETF will allow investors to track the price of PENGU and other NFTs in its portfolio without owning or hosting them as physical assets. The trust may also contain other assets in the form of digital media for the buying and selling besides conversion and redemption of the fund.

“Other non-security digital assets owned by the trust include SOL and ETH that may be necessary or incidental,” the filing added.

The Pudgy Penguins project released the Ethereum-linked PENGU token in December. The project has been popular in the crypto sphere as a collection of NFT and social networking. Although PENGU was first developed on Ethereum, there is a growing sentiment that it can be regarded as a Solana meme coin since most of its trading activity transpire in Solana platforms.

PENGU Market Reaction and Price Movement

Following the ETF announcement, the PENGU token saw a sharp 10% price increase during early trading. It broke above previous resistance levels and moved past the Ichimoku cloud, indicating a possible shift in momentum.

The Relative Strength Index (RSI) for PENGU moved from 44.86 to 62 shortly after the news, indicating increased buying activity. The RSI remains below the overbought level of 70, suggesting that further gains are still possible.

Many of the analysts are now focusing on the $0.0093 as the next level of resistance backed by the Robinhood listing last week. A breakout above that level means the token will be trading above the $0.010 mark, the first time in a month. However, if the momentum disappears, the token may fall back to $ 0.0062 support area.

Growing List of Crypto ETF Applications

Canary Capital is not the only firm pursuing ETF approval for non-traditional digital assets. In recent months, several asset managers have submitted filings for altcoin ETFs, including ones focused on Dogecoin (DOGE), Sui, Hedera, and BONK. These filings followed the approval of spot Bitcoin and Ethereum ETFs by the SEC in 2024.

Despite the recent trend, the SEC has delayed decisions on many of these applications, especially those involving meme coins and smaller tokens. Some market participants have raised questions about whether ETFs for meme coins and NFTs will meet regulatory standards.

“The likelihood of approval for these funds remains unclear due to high volatility and limited trading history,” a statement from the filing added.

Mixed Reactions From the Crypto Community On Pengu ETF

The ETF proposal has sparked different responses from traders and analysts online. Some have raised doubts about investor demand for a fund tied to a meme coin and NFT project that is less than six months old.

Social media commentator @beast_ico wrote, “We don’t need ETFs for ghost chains, much less sub 6 month old memecoins.” Others noted that despite the ETF news, the price reaction was short-lived, and sustained momentum may depend on broader market trends.

Industry observer Alex Krüger commented,

“New ETFs for crypto assets have become an irrelevant joke,” citing weak asset inflows into recently launched funds.

The post Canary Capital Files for Pengu ETF With US SEC, PENGU Price To Soar? appeared first on CoinGape.

Dogecoin price is now touching important support and resistance levels with experts trying to determine the future direction. As the top meme coin fluctuates near the support and resistance levels, market analysts have predicted the higher and lower possibilities. Both the technical analysis and historical data suggest how the prices could reverse higher or further consolidate in days to come.

Dogecoin Price Faces Critical Test: Will Support Hold or Break?

Dogecoin price is facing strong resistance at $0.176, with a Bearish Tweezer candlestick pattern forming on the daily chart. According to Trader Alan, this pattern is a strong reversal signal, suggesting that selling pressure is increasing. The resistance level has already seen a false breakout, where Dogecoin price briefly moved above $0.176 but failed to hold. This failure indicates weak bullish momentum and a possible downward move.

The analyst suggests that if the price moves lower, Dogecoin price could retest the $0.143 support level. If selling pressure intensifies, the meme coin may trade within a range between $0.143 and $0.176. A break below this support could trigger further declines, pushing the top meme coin to a deeper correction phase.

However, if buyers step in and defend the $0.143 level, Dogecoin price may continue consolidating within this range. Analyst states that for a bullish breakout to occur, DOGE must establish higher lows and build momentum near the $0.176 resistance level. A sustained move above this resistance could invalidate the bearish outlook, leading to an upward trend.

Analyst Predict Possible 16% Breakout

Analyst Ali Martinez has identified an ascending triangle pattern on Dogecoin price charts, indicating the potential for a breakout. This bullish pattern forms when higher lows develop while the price repeatedly tests a horizontal resistance level. In this case, the key range for a breakout is between $0.16 and $0.18.

Martinez suggests that if DOGE price closes outside this range, either upward or downward, a 16% price move could follow. A breakout above $0.18 could lead to further bullish momentum, while a breakdown below $0.16 may result in a sharp decline. 

Trendline at $0.14269 Could Influence Meme Coin Rally

Moreover, analyst DOGE Capital noted that Dogecoin price is following a historical pattern observed in past market cycles. The analyst points to a repeating structure where DOGE accumulates within a triangular wedge before breaking out. The key support level to watch is around $0.14269, which has previously acted as a launchpad for the meme coin rally.

DOGE Capital’s analysis suggests that when DOGE price retests this historical trendline, it tends to rebound and initiate a strong upward move. If this pattern repeats, DOGE could see another bullish breakout in the coming weeks.

Meanwhile, following the Fed’s FOMC meeting, the meme coin has shown strong upward momentum. Analysts have identified key price targets at $0.38, $0.48, and $0.60, citing bullish market conditions and increased trading volume as driving factors.

The post What’s Next for Dogecoin Price As Key Support Retests, Analysts Weigh In appeared first on CoinGape.

Pi Network’s native cryptocurrency Pi Coin has seen massive value erosion crashing another 20% today and slipping under $1.0. The initial euphoria around the mainnet launch seems to be fading fast as the PI cryptocurrency extends its weekly losses to more than 43%. As a result, the altcoin has dropped out of the top 20 crypto list, from the 11th spot last week.

Pi Network Euphoria Is Fading Quickly

The euphoria surrounding Pi Coin seems to be fading quickly amid the consistent delays in Binance listing plans, which has been a major hit on the market sentiment.

Another major common grievance among Pi Coin investors is the lack of a clear roadmap for the Open Mainnet launch. While other crypto projects have offered transparent timelines, Pi Network’s future plans are ambiguous. This has led to growing discussions about whether Pi is a scam. Clarifying it, Dr Altcoin, who’s been closely associated with the project said:

Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.

The analyst further stated that the Pi Core team needs to step up efforts in terms of effectively communicating with the Pi community and not leave gaps in the process.

Where Is Pi Coin Price Heading Next?

The Pi Coin price has been on a vertical fall over the past week, breaking under crucial support levels of $1.4, $1.2, and $1.0. This major correction comes ahead of the Pi token unlocking event this week.

While token unlock has been a major concern for investors, a large number of Pioneers from the Pi Network community have also been locking their PI holdings off lately.

For now, the next support for Pi Coin price stands at $0.82. Crypto market analyst Kripto Bilgi stated that the sentiment around this altcoin is very weak while predicting a fall to $0.30. Besides, a Pi price prediction also hints at a bearish phase ahead for the asset.

Currently Developments in the Ecosystem

The recent auctioning of the .pi domains and the introduction of the domains tab in the Pi Browser has been a significant step for the Pi Network. This development aligns with its vision for a decentralized, Web3-focused ecosystem.

These .pi domains can function as digital addresses for Pi-powered websites, services, or applications, accessible through the Pi Browser or other Web3-compatible platforms.

The post Pi Network News: Why Is Pi Coin Price Down 20% Today? appeared first on CoinGape.

The post Dogecoin Price Prediction 2025: Can DOGE Surge 20% as Bitcoin Eyes $90K? appeared first on Coinpedia Fintech News

As Bitcoin (BTC) price signals a potential rebound beyond $90k soon, Dogecoin (DOGE), the leading dog-themed memecoin secured via the proof-of-work (PoW) consensus method, has hinted at possible bottoming. Since March 11, Dogecoin price has rebounded over 15 percent to trade at about $0.1721.

Dogecoin price has depicted a high correlation with Bitcoin price, thus likely to rebound in the near future. Moreover, the crypto market is bound to significantly benefit from the easing yields in the U.S. bond market amid the ongoing bull rally for gold.

Dogecoin Price Expectations 

From a technical analysis standpoint, Dogecoin price has been forming a macro rising trend, characterized by higher highs and higher lows. After a notable decline since the second inauguration of U.S. President Donald Trump, Dogecoin price has been retesting the lower border of a rising channel in the past two weeks.

In the daily time frame, Dogecoin price has been forming an ascending triangle, after being trapped in a parallel falling trend. As a result, a consistent close above the resistant level around  $0.178 will result in a 15-20 percent spike in the coming days to retest the upper border of the falling logarithmic trend.

However, a consistent close below 16 cents could trigger further sell-off towards the next target of about 14 cents.

Fundamental Outlook

Dogecoin has grown to a vibrant memecoin ecosystem backed by institutional investors participating in mining processes and global merchants accepting it for payments. As of this writing, the Dogecoin network has about 6.2 million on-chain holders.

According to on-chain data analysis, the Dogecoin network has recorded a significant spike in whale activities during the last week. In the past week, Dogecoin investors with an account balance of between 1 million and 10 million added around 110 million coins to currently hold about 10.44 billion. 

Meanwhile, the number of active addresses on the Dogecoin network has doubled in the past few weeks to about 280k at the time of this writing.

The post Dogecoin Price Prediction 2025: Can DOGE Surge 20% as Bitcoin Eyes $90K? appeared first on Coinpedia Fintech News
As Bitcoin (BTC) price signals a potential rebound beyond $90k soon, Dogecoin (DOGE), the leading dog-themed memecoin secured via the proof-of-work (PoW) consensus method, has hinted at possible bottoming. Since March 11, Dogecoin price has rebounded over 15 percent to trade at about $0.1721. Dogecoin price has depicted a high correlation with Bitcoin price, thus …

The post Metaplanet Appoints Eric Trump to Push Bitcoin Adoption appeared first on Coinpedia Fintech News

Japanese public company Metaplanet has appointed Eric Trump as a strategic advisor to accelerate Bitcoin adoption. This move highlights Metaplanet’s growing commitment to the crypto industry and its vision for integrating Bitcoin into mainstream finance. With Trump’s influence and business background, the company aims to strengthen its position in the digital asset space.

The post Metaplanet Appoints Eric Trump to Push Bitcoin Adoption appeared first on Coinpedia Fintech News
Japanese public company Metaplanet has appointed Eric Trump as a strategic advisor to accelerate Bitcoin adoption. This move highlights Metaplanet’s growing commitment to the crypto industry and its vision for integrating Bitcoin into mainstream finance. With Trump’s influence and business background, the company aims to strengthen its position in the digital asset space.