Ethereum price has crashed this year, and there are signs that the downward trend may continue this year. Standard Chartered analysts have slashed their target by 60% to $4,000, while a bearish pennant points to further downside. This article explores some of the best ETH rivals to buy after the analyst downgrade.
ETH Rivals to Buy After Standard Slashed Ethereum Price Target
Analysts at Standard Chartered, who have been highly bullish on cryptocurrencies, have slashed the Ethereum price target from $10,000 to $4,0000. Further, the chart below shows that the coin has formed a bearish pennant pattern. This pattern comprises of a long vertical line and a triangle and often leads to more downside.
Ethereum Price Chart
Some of the top ETH rivals to buy are Cardano (ADA), Berachain (BERA), and Binance Coin (BNB).
Cardano (ADA)
Cardano is one of the top ETH rivals to buy even as its price remains 45% below its highest level in 2024 and 77% below its all-time high. Cardano has two potential catalysts that may push it higher in the near term: ADA ETF approvaland the upcoming BitcoinOS integration.
It also has bullish technicals. The weekly chart shows that Cardano is in the second phase of the Elliot Wave pattern. Elliot Wave is a pattern made up of five alternating waves. The second one is usually bearish, followed by the bullish third wave, which is the longest.
Therefore, a move to last year’s high of $1.325 would be a 87% surge from the current level, while a jump to the 50% retracement point at $1.7 would be a 140% increase.
Cardano Price Chart
Berachain (BERA)
Berachain is another crypto to buyas Ethereum price is primed to dip further. The main catalyst for the BERA token is that it is gaining traction among developers.
Berachain has attracted 45 developers in the decentralized finance or DeFi industry, with the total value locked (TVL) being $3 billion and the stablecoin market cap rising to over $1.53 billion.
Berachain’s performance in DeFi is much better than that of Ethereum. Data shows that Ethereum has shed over 18% in TVL in the last 30 days to $47 billion. The main concern about Berachain is that it will have many token unlocks until 2028.
Binance Coin (BNB)
BNB is another good ETH rival to buy as the Ethereum price crashes. It has a combination of strong fundamentals and technicals. Fundamentally, the BSC Chain has established itself as the most viable alternative to Ethereum and Solana. Ethereum is known for its slow speeds and high transaction costs, while Solana’s reputation has been damaged because of its meme coins.
BNB price has formed a cup and handle chart pattern on the weekly chart pointing to an eventual rebound to over $1000 in the long term.
BNB Price Chart
Summary on The Best ETH Rivals
There are chances that the Ethereum price will tumble to below $1500 in the near term. If this happens, it will make sense to invest in popular ETH rivals like BNB, Cardano, and Berachain. Other quality ETH rivals to consider are Aptos, Mantra, and Sonic.
Could a small stake today make someone a millionaire by summer 2025? This article explores five overlooked meme coins that might experience massive growth in the next couple of months. Dive into the world of these quirky digital assets that hold the potential to deliver extraordinary returns to those who spot them early.
XYZ’s Capitalization Nears $15M, Causing Demand to Surge
The XYZVerse ($XYZ) project stands out from typical memecoins due to its long-term vision, clear roadmap, and engaged community. By merging the worlds of sports and crypto, XYZVerse has garnered significant investor interest and was recently recognized as “Best NEW Meme Project,” further strengthening its appeal.
Price Dynamics and Listing Plans
The $XYZ token has experienced consistent growth during its presale phase, with its price climbing from $0.0001 at launch to $0.003333 currently.
The price is expected to reach $0.005 in the next stage and $0.02 at the final presale stage, after which the token will be listed on major centralized and decentralized exchanges.
Early investors could see returns of up to 1,000x if the project achieves the required market capitalization, with a projected listing price of $0.10.
The presale has already raised over $10 million and is nearing its next milestone of $15 million, indicating strong demand from both retail and institutional investors.
XYZVerse Takes the Community-Driven Approach
The XYZVerse community is not just an audience; they are active participants whose dedication is rewarded with airdropped XYZ tokens. It’s a system where the most passionate members reap the greatest benefits.
With robust tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is primed for substantial growth. Each move is calculated to bolster its price and unite a community that believes in its extraordinary potential.
Dogecoin: The Memecoin That Challenged Traditional Cryptocurrency
Dogecoin (DOGE) is a cryptocurrency that was launched in 2013 as a fun alternative to traditional digital currencies. It features the Shiba Inu dog from the “Doge” meme as its logo. Unlike Bitcoin, which has a limited supply, Dogecoin was designed to be abundant, with no maximum limit and 10,000 new coins mined every minute. Created by Billy Marcus and Jackson Palmer, it started as a joke but quickly gained popularity due to its friendly and approachable image.
In 2021, Dogecoin saw a significant surge in value, entering the top ten cryptocurrencies by market capitalization with a total value exceeding $50 billion. This growth was driven by social media influence and endorsements from figures like Elon Musk. The technology behind Dogecoin is similar to other cryptocurrencies, relying on blockchain for secure transactions. Its potential lies in its strong community support and widespread recognition. In the current market cycle, Dogecoin remains a subject of interest, reflecting the power of community and social media in shaping market trends.
Shiba Inu (SHIB): Ethereum-Based Memecoin with Expanding Features
Shiba Inu (SHIB) is a cryptocurrency launched in August 2020, drawing inspiration from Dogecoin’s popularity. Unlike Dogecoin, SHIB operates on the Ethereum blockchain, which allows it to interact with a wide range of Ethereum applications. Created by an anonymous developer named Ryoshi, SHIB started with a supply of 1 quadrillion tokens. Half of these tokens were sent to Ethereum co-founder Vitalik Buterin. Buterin donated a large portion to the India Covid Crypto Relief Fund and “burned” 40% of the total supply, reducing the number of circulating tokens.
SHIB’s integration with Ethereum enables it to support decentralized applications like ShibaSwap, a platform for exchanging tokens. There are plans to develop an NFT platform and a governance system based on a decentralized autonomous organization (DAO). These developments aim to increase SHIB’s utility in the cryptocurrency space. In the current market cycle, SHIB’s growth in decentralized finance and NFTs may attract those interested in Ethereum-based projects.
PEPE: A Deflationary Meme Coin Inspired by Pepe the Frog
PEPE is a deflationary cryptocurrency launched on the Ethereum blockchain. It was created as a tribute to Pepe the Frog, an internet meme by Matt Furie that gained popularity in the early 2000s. PEPE aims to join the ranks of popular meme coins like Dogecoin and Shiba Inu, establishing itself as a leading meme-based cryptocurrency. The project appeals to the crypto community with its no-tax policy and a transparent focus on being a pure memecoin without utility.
In late April to May 2023, PEPE saw a significant surge, with its market cap reaching up to $1.6 billion. This growth turned early holders into millionaires and attracted a strong community of followers. The success of PEPE sparked what some call a “memecoin season,” with other meme-based tokens experiencing rapid rises and falls. The PEPE roadmap includes plans for listings on CoinMarketCap and major exchanges, aiming for widespread recognition. Its potential in the current market cycle is linked to the enthusiasm for meme coins and market trends. The coin’s future performance will depend on various factors, including market sentiment and the broader cryptocurrency cycle.
BONK: A Community-Driven Memecoin on the Solana Blockchain
BONK is a memecoin built on the Solana blockchain, featuring a Shiba Inu mascot. It aims to empower the Solana community by shifting influence away from venture capital tokens. After being listed on Coinbase, BONK’s value surged over 100%. The project positions itself as a “community coin,” having airdropped 50% of its supply to participants in Solana’s NFT and DeFi ecosystems.
BONK has integrated into the growing ecosystem of decentralized applications on Solana, including launching a decentralized exchange called BonkSwap. The coin faces challenges such as a high total supply and the inherent volatility common to memecoins. Its attractiveness in the current market cycle may be influenced by its community engagement and role within the Solana ecosystem.
Conclusion
While DOGE, SHIB, PEPE, and BONK show promise, XYZVerse unites sports fans in a memecoin aiming for exponential growth and lasting impact.
You can find more information about XYZVerse (XYZ) here:
The post From Zero to Lambo: 5 Meme Coins That Could 1000x Before Summer 2025 appeared first on Coinpedia Fintech News
Could a small stake today make someone a millionaire by summer 2025? This article explores five overlooked meme coins that might experience massive growth in the next couple of months. Dive into the world of these quirky digital assets that hold the potential to deliver extraordinary returns to those who spot them early. XYZ’s Capitalization …
Ripple’s XRP has managed a 3% price increase over the past week, in line with the broader crypto market rally that has lifted several major coins.
However, despite the bullish momentum, a key technical indicator is flashing a warning signal that could undermine XRP’s recent gains.
XRP’s Rally on Thin Ice
XRP’s Chaikin Money Flow (CMF)—an indicator that measures the volume-weighted flow of money into and out of an asset—has been trending downward even as the token’s price has continued to rise. This momentum indicator is currently at 0.03 and trending toward the center line.
The trend forms a bearish divergence between XRP’s price action and CMF, a warning sign of weakening momentum. Typically, the CMF tracks the flow of capital into an asset, so when it declines while prices rise, it suggests that the rally lacks solid support from sustained demand.
In other words, XRP traders may be buying based on short-term hype rather than long-term conviction. This means its recent gains are vulnerable to being erased, especially if broader market sentiment shifts or profit-taking sets in.
Further, the altcoin’s negative Balance of Power (BoP) supports this bearish outlook. As of this writing, the indicator is at -0.76, highlighting the weakening demand for XRP.
When an asset’s BoP is negative like this, sellers exert more influence over price action than buyers. It is a bearish signal that indicates further downside pressure on XRP if the trend continues.
XRP Faces Crucial Test at $2 Support
XRP currently trades at $2.18, holding above support formed at $2.03. If demand weakens further, XRP bulls might be unable to defend this support level, causing the altcoin to fall back below $2, to trade at $1.61.
However, a resurgence in new demand for XRP will invalidate this bearish outlook. In that scenario, its price could rally to $2.29 and charge toward $2.50.
Prenetics, a US-based healthcare firm backed by football star David Beckham, is the newest corporate Bitcoin holder with a $20 million investment. This announcement caused its stock price to soar.
With this investment, Prenetics becomes the first publicly listed healthcare firm to invest in BTC. The company is mainly headquartered in Hong Kong and has multiple subsidiaries worldwide.
Prenetics is the newest company to join in, purchasing $20 million in Bitcoin at an average price of $106,712.
“What excites me most is not just Bitcoin as a treasury asset, but the convergence we’re witnessing between healthcare innovation and blockchain technology. We’re at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity and wealth,” claimed CEO Danny Yeung.
Additionally, it doesn’t seem like this Bitcoin acquisition is a limited experiment. The company recently appointed Andy Cheung, former COO at OKEx, to its Board of Directors.
Cheung has been in the space for over a decade, and his appointment symbolizes a long-term commitment.
Prenetics is the first healthcare firm to acquire Bitcoin, but it doesn’t plan to rest on these laurels.
The firm also employed two other crypto advisors to build this strategy, Token2049 founder Raphael Strauch and Tracy Hoyos Lopez, Chief of Staff for Strategic Initiatives at Kraken. Together, they have ambitious plans for Web3 growth:
“We now have the financial foundation to pioneer innovative treasury management approaches, including our historic Bitcoin treasury strategy. But this is just the beginning – we have the capital partnerships and conviction to build one of the most significant Bitcoin treasuries in healthcare,” Yeung added.
Additionally, although David Beckham is largely invested in Prenetics, he doesn’t seem personally involved in this Bitcoin plan. Still, the Football industry has been involved in crypto for years, and a famous French team began its own reserve last month.
Beckham’s association with the brand could help further encourage top-level sports professionals to invest in this industry.
