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[Analysis] "Altcoin Season Begins... Ripple (XRP) Expected to Surge by 2.57 Dollars This Year"

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Son Min
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  • "Bitcoin dominance is declining, and several altcoins are expected to rise," it was stated.
  • Ripple is expected to surge by 2.57 dollars this year, which is analyzed as a rise for about 228 days after the Bitcoin halving.
  • The launch of a Ripple physical ETF is expected to act as a catalyst for Ripple's main price surge.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

As the altcoin season begins, there is anticipation for the rise of Ripple (XRP) and various other altcoins. On the 29th (local time), Cointelegraph stated, "Bitcoin dominance is declining, and many analysts are optimistic about the altcoin season," adding, "The decrease in Bitcoin market dominance is leading investors to shift some of their Bitcoin investments into altcoins." Furthermore, they explained, "Interest from asset investors has already shifted to altcoins," and "demand for Ethereum ETFs has increased by more than 160% after the Trump election." Recently, regarding Ripple's upward trend, it was evaluated that "Ripple can also benefit from Bitcoin dominance decline." Lion Lee, a crypto analyst, mentioned, "Ripple is expected to surge by 2.57 dollars within this year," and "historically, Ripple has risen for about 228 days after the Bitcoin halving." Additionally, the potential launch of a Ripple physical ETF is expected to act as a catalyst for Ripple's main price surge. Earlier, asset trader Mickey Bull Crypto analyzed that "Bitcoin dominance has fallen to 56.1% over two years," and "this is a fundamental entry into the altcoin season."

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sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit