The recent uptick in the prices of cryptocurrencies across the board suggests that the broader cryptocurrency market is currently filled with positive sentiment and significant participation from traders and investors of all levels. Armed considerable investor confidence and liquidity, the crypto market appears poised for a bull run.
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XRP To Continue Its Bull Run?
Among the several mainstream cryptocurrencies that have benefitted from the recent surge in value, XRP has emerged as the altcoin with the potential to sustain its bullish momentum and continue trending upwards. After gaining nearly 20% over the past four weeks, XRP is consolidating around $0.60.
XRP’s daily trading volume suggests significant interest from investors right now. A quick technical analysis of XRP shows that it is currently hovering around a support zone. This, combined with a potential favorable outcome in Ripple’s lawsuit against the SEC, positions XRP for a bullish rally soon. At the time of writing, XRP was trading at $0.64, with a market capitalization of $35 billion.
Data from CoinMarketCap shows that Solana memecoins dogwifhat (WIF) and Bonk (BONK) have become top trending tokens. The daily trading volume of WIF surged a whopping 156% over the past 24 hours, reaching $690 million. Meanwhile Bonk’s daily trading volume jumped 89% over the same period, reaching as high as $229 million. The bullish sentiment in the crypto market has also led to double digit increases in the prices of WIF and BONK, gaining 16% and 12% respectively.
NFTFN Presale Hype
The stage 1 of NFTFN’s presale has become one of the most talked about event in crypto communities. Crypto investors and traders are eagerly lining up to participate in the presale, where NFTFN is available for just $0.025 (supply capped at 1 billion). Apart from retail investors, NFTFN’s presale has also drawn the attention of crypto whales, who are reinvesting their recent profits into this lucrative presale.
Crypto enthusiasts have also pointed out NFTFN’s strategic alliances and backing from industry leaders. The project has raised over $500k from the likes of Polygon founder Sandeep Nailwal, and boasts partnerships with Binance Smart Chain, OpenSea, Google, etc. NFTFN has also been praised for its well-planned tokenomics, which prioritizes long term growth.
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