Ripple (XRP) Developments, Bitcoin (BTC) Price Predictions, and Cardano (ADA) Targets: Bits Recap Nov 29

Ripple (XRP) Developments, Bitcoin (BTC) Price Predictions, and Cardano (ADA) Targets: Bits Recap Nov 29


TL;DR

Bitcoin (BTC) has seen a strong recovery, now trading over $38,000, with predictions of reaching $65,000 by 2024 and $524,000 by 2027, as forecasted by analyst PlanB.
Ripple’s XRP experienced a successful year due to partial legal victories against the SEC, leading to increased trading and re-listing on various exchanges.
Cardano’s ADA is on an uptrend, recently hitting $0.40, with analysts predicting potential new highs, with targets up to $14.

BTC Projected to Reach Over $500K

The primary cryptocurrency has gone through a turbulent year (so far), with its price recovering much of the losses from the devastating market crash in 2022. As of the moment, BTC trades at over $38,000, representing a 130% increase compared to the valuation on January 1, 2023. 

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Some analysts believe the uptrend has just started, envisioning the asset to reach new peaks in the near future. One such expert is the X (Twitter) user PlanB, who set extremely bullish targets for the following years. 

According to them, BTC might spike to as high as $65,000 by the next Bitcoin halving (scheduled for the spring of 2024). In addition, PlanB forecasted that the asset’s price could rise to an astonishing $524,000 by 2027.

The analyst claimed that the next potential bull cycle would be fueled by the upcoming halving and the possible approval of a spot BTC ETF in the United States and would be more explosive than the one in 2021.

Those curious to check additional price forecasts coming from prominent figures could take a look at our dedicated video below:

XRP’s Recent Achievement

Ripple’s native token – XRP – is another asset that has had a highly successful year. The blockchain enterprise has secured three major (yet partial) victories in its legal battle against the United States Securities and Exchange Commission (SEC), triggering a price rally for the coin.

The winning streak against the regulator has prompted some cryptocurrency exchanges to re-list XRP on their platforms, whereas investors have renewed their interest.

As CryptoPotato reported, at one point earlier this year, Ripple’s token was the most traded altcoin on US-based cryptocurrency exchanges. Most recently, XRP became the top traded digital asset on Uphold for the November 18 – November 25 week.

ADA Heading Toward Fresh Peaks?

Last but not least, we will touch upon Cardano’s native token – ADA – and its uptrend as of late. Recently, it tapped $0.40, representing a 30% increase on a monthly basis. 

Several analysts, including the X user Lucid and Dan Gambardello – Founder of Crypto Capital Venture – think the asset could reach a new ATH in the observable future. The former maintained that ADA has a chance to soar to $14, whereas the latter set a price tag of $11.

Those willing to check more ADA price forecasts could take a look at our latest video below:

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