Could Ethereum Be Next? XRP's 390% Rally Hints at a $7.6K Target

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Big Story?

“The One Web3 Trend You Can’t Ignore This Week”

Could Ethereum Be Next? XRP's 390% Rally Hints at a $7.6K Target

Ethereum's native token, Ether (ETH), is mirroring XRP's recent breakout from a multi-year symmetrical triangle pattern—a move that propelled XRP's price by over 390%. If ETH follows this trajectory, analysts anticipate a potential surge toward the 1.618 Fibonacci retracement level, approximately $7,636, representing a 90% increase by early 2025.?

Venture Founder’s ETH price target is $15,937 by May 2025, which would push Ethereum’s market capitalization above $1 trillion for the first time in history. This bullish outlook is supported by ETH's weekly relative strength index (RSI), which, at around 67, suggests room for further growth before reaching overbought conditions.

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Alpha Toolkits?

"Tools, guide, and educational tips to Build Smarter in Web3."

Transform Your 401k into a Bitcoin IRA In 6 Steps

Let’s say you have an old 401k gathering dust from a job you left years ago. Now, what if you could turn those idle savings into a Bitcoin-backed retirement powerhouse? And with the rise of crypto adoption, more investors are making the leap, and here’s how you can too.

• Assess Eligibility: Confirm that your existing 401k plan permits rollovers into a self-directed IRA.
• Select a Custodian: Choose a reputable custodian experienced in handling Bitcoin IRAs to ensure compliance and security.
• Establish a Self-Directed IRA: Open a new IRA account that allows for cryptocurrency investments.
• Secure a Bitcoin Wallet: Set up a secure wallet to store your Bitcoin holdings safely.
• Initiate the Rollover: Transfer funds from your old 401k into the new Bitcoin IRA, adhering to IRS guidelines to avoid penalties.
• Acquire Bitcoin: Use the transferred funds to purchase Bitcoin within your IRA, positioning your portfolio for potential growth.

This is not financial advice, consult with financial advisors to ensure alignment with your retirement goals and compliance with regulations.

Market Movers

"Who’s Winning (and Losing) in the Market Today."

Winners and losers in the past 12H.

Stablecoins are taking the US dollar global — but for how long? Stablecoins digital assets pegged to traditional currencies like the U.S. dollar, are extending the dollar's global reach, especially in regions with limited access to traditional banking. Their rapid adoption raises concerns about financial stability and regulatory oversight, prompting discussions on their long-term impact on the global financial system.

Coinbase’s Memecoin Frenzy Continues: The recent listings of tokens like PEPE and Dogwifhat (WIF) have attracted significant investor interest, leading to record-high daily transactions and a substantial increase in the network's total value locked (TVL). This memecoin frenzy is positioning Base as a formidable competitor in the blockchain space, challenging established networks like Solana.

Altcoins show resilience: Major altcoins like Ethereum and Solana have shown resilience amid Bitcoin's recent volatility, with reduced performance correlations suggesting a potential decoupling from Bitcoin. This trend is supported by record inflows into crypto exchange-traded products, indicating growing investor interest in altcoins.

Blockchain is on the brink of finding its "killer use case," with authentication leading the charge. By enabling secure, decentralized identity verification, blockchain offers a way to tackle data breaches and put users in control of their personal information—a game-changer for industries everywhere.

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