XRP Price Prediction: Top 4 Altcoins Ready for December Rally

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As a seasoned crypto analyst with a knack for spotting trends and a flair for finding hidden gems in the digital asset world, I find myself intrigued by this recent shift in market dynamics. The decline in Bitcoin’s dominance could indeed be the catalyst that sets off an altcoin upswing, as suggested by Mikybull Crypto.

In their November 30th post, analyst Mikybull Crypto highlighted that the shift in Bitcoin‘s dominance might trigger a substantial increase in the value of alternative cryptocurrencies during December.

During an altseason, which is a common term, Bitcoin’s influence on the cryptocurrency market lessens. When Bitcoin’s influence decreases, it usually means that investors are shifting their investments from Bitcoin to other digital currencies. This shift could lead to increased prices for these alternative assets.

The trend is already visible. Ether, the second-largest cryptocurrency, has seen demand for leveraged exchange-traded funds (ETFs) skyrocket by over 160% since Donald Trump won the U.S. presidential election on Nov. 5. Analysts believe this could propel Ether past $4,000 in the near term.

Ripple (XRP) Surges 284% in November – Still Eyeing $2.57 Mark

Lately, positive news about Ripple has been circulating. On December 1st, they released one billion XRP tokens, which were worth approximately $1.92 billion. This regular release is intended to maintain a consistent flow of XRP, and it aligns with their long-term strategy known as the escrow plan. Under this plan, Ripple intends to distribute 55 billion XRP tokens, which equates to about 55% of the total supply over time.

As an analyst, I find it intriguing that despite the regular releases diluting the supply, the price of XRP has been on a steady upward trend. November, in particular, stood out as its most prosperous month since December 2017, with an astounding surge of 284%. Currently, at the time of writing, XRP is trading at $2.44, representing a significant 30% increase within the last 24 hours.

XRP Price Prediction

As a researcher examining the potential future price trajectory of XRP, I’ve found intriguing predictions. According to my analysis, by December 2024, XRP could potentially hit $2.57. This prediction is grounded in its historical pattern of significant growth following a Bitcoin halving, which typically occurs after approximately 228 days. These insights are drawn from the research conducted by Ryan Lee, chief analyst at Bitget Research.

Boosting optimism even further, information from XRPScan suggests a tenfold jump in activated XRP wallets over the past three months. This surge indicates heightened investor attention towards XRP. The uptrend in XRP might be fueled by the anticipation surrounding potential ETFs and positive regulatory expectations, particularly following SEC Chair Gary Gensler’s announcement of his departure.

Over the weekend, the market value of XRP (XRP) surpassed $100 billion, reflecting its persistent and seemingly unstoppable upward trend.

Ripple, a payment firm, constructed XRP. Their goal is to challenge the global financial transaction network SWIFT using tools such as the XRP ledger. The XRP ledger serves as the native currency for this decentralized payment system known as XRP.

Last week, Ripple saw a renewed surge in momentum, sparked by news that the New York Department of Financial Services was considering approval for Ripple’s lawfully regulated stablecoin, RLUSD. This development has fueled speculation around Ripple.

Will Dogecoin (DOGE) See a 337.5% December Rally?

Dogecoin, frequently referred to as the “meme coin monarch,” might experience a positive impact from a periodic occurrence called the “Santa Claus rally.” Typically seen in stock markets, this rally usually causes asset values to increase during the last few days of December and the initial days of January.

As a crypto investor looking back at Dogecoin’s history, I can’t help but notice its remarkable performance in previous Decembers. For instance, in December 2017, DOGE skyrocketed an astounding 337.5%, while it moderately increased by 32.4% in 2020. Although a 34.7% drop was observed last December, some traders are optimistic about a possible rebound this year, attributing their expectations to DOGE’s distinct market dynamics and widespread popularity.

Can Injective (INJ) Price Surge 80% More?

As a researcher exploring the world of blockchain technology, I’ve been closely following the progress of Injective (INJ), a decentralized exchange protocol. Recently, they’ve made significant strides in upgrading their mainnet. These advancements aim to boost scalability and enhance user experience, elements that are sure to attract more traders and increase the appeal of INJ tokens.

Partnering with other Decentralized Finance (DeFi) projects has fortified Injective’s system, providing users with additional trading opportunities. The upward trend in its price strengthens the bullish prediction. Since November 4, when it breached descending resistance, Injective Protocol’s price jumped by 80%, reaching $31. Analysts foresee this as the start of a potential five-wave rally that might continue through December.

Can Render (RNDR) Hit $13.60 Again?

RNDR is making a name for itself in the cryptocurrency sector by establishing a decentralized GPU rendering network. On this platform, digital creators can link up with providers of GPU power, simplifying rendering tasks for artists and studios alike.

The expansion of The Render Network has been extraordinary, fueled by infrastructure upgrades that boost rendering efficiency and cut costs. These advancements have led to an increase in the platform’s popularity among digital artists. In a manner analogous to INJ, RNDR’s value has spiked significantly, increasing by 116% since November 4. At present, it is trading near $9, and analysts anticipate a possible return to its annual peak of $13.60.

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2024-12-02 12:01