Crypto Market’s Positive First Quarter of 2023

• The cryptocurrency industry has experienced a remarkably positive first quarter of 2023, exceeding expectations despite earlier projections.
• Several altcoins have emerged with a transparent roadmap, surpassing Bitcoin’s dominance in the market.
• Google Cloud’s partnership with Tezos (XTZ) has gained significant attention, causing it to make a bullish reversal in the coming week and targeting $1.75.

Altcoin Traders Are Closely Watching These Assets

Altcoin traders are closely watching assets such as Tezos (XTZ), SingularityNET (AGIX) and Terra Luna Classic (LUNC) for potential breakouts in the coming week. Tezos is currently trading at $1.25 with a decline of 8%. It is aiming to test its support near EMA-100 at $1.1, but as the RSI is still in a bullish region with a spike in buying pressure, XTZ may rebound next week and head toward resistance of $1.75. SingularityNET is currently trading at $0.42, with a gain of 6.5% in the last 24 hours and has formed a triangle pattern potentially breaking its 31.8% Fib level if AGIX breaks above $0.45 it may witness an exponential surge to its Bollinger band’s upper limit of $0.66 Lastly, Terra Luna Classic is trading at around 80 satoshis on Binance Futures which indicates that LUNC will be able to break out from this range and reach up to 120 satoshis over the next few weeks if it maintains support near 75 satoshi mark and breaks above 85 satoshi mark then there will be higher chances for LUNC to reach up to 120 satoshi mark by end of this month or early April..

Tezos (XTZ)

Tezos‘ value has gained significant attention due to Google Cloud’s partnership which may send it to new highs soon if it rebounds next week towards resistance of $1.75 as indicated by its current downward trajectory aiming towards support near EMA-100 at $1.1 yet still stays bullish due to spike in buying pressure indicated by RSI being still in bullish region .

SingularityNET (AGIX)

AI altcoins like AGIX have gained enough attention due ChatGPT’s rising popularity which may lead them breakout their upcoming resistance levels in the coming week if they managed to break above their Fib level at 045$ and surge exponentially towards their Bollinger band’s upper limit at 066$.

Terra Luna Classic (LUNC)

The price movement of Luna Classic is currently indicating that LUNC might be able break out from 80satoshis range on Binance Futures due maintaining support near 75satoshi mark while breaking above 85satoshi mark giving more chances for reaching up to 120satoshi mark by end this month or early April depending on how well they manage maintain support while breaking resistance levels mentioned

SEC Charges Terra and Founder Do Kwon

• The US Securities and Exchange Commission recently filed charges against Terra and its founder, Do Kwon.
• This has caused controversy due to the delayed timing of the prosecution.
• Many are questioning the SEC’s intentions in this case.

Delayed Action Sparks Controversy

The United States Securities and Exchange Commission’s recent filing of charges against Terra and its founder, Do Kwon, has surprised many in the cryptocurrency world due to its delayed timing. The SEC has been actively cracking down on crypto-related businesses for months, yet it took close to a year for them to prosecute Kwon and his company. The delay is particularly puzzling given that Terra’s collapse caused millions of investors to lose their money and sparked a severe bear market that led to the failure of other cryptocurrency companies.

Questions From Crypto Community

As a result of the SEC’s announcement, many are questioning the agency’s intentions and whether it truly prioritizes safeguarding U.S. investors. Crypto influencer Bitboy Crypto has highlighted the suspicious timing of the prosecution. Additionally, the fact that the case only focuses on half of the wrongdoing raises concerns among those who expected the SEC to hold Terra accountable for all its actions.

Kwon’s Downfall

Meanwhile, Kwon has been in hiding for several months as authorities froze hundreds of millions of dollars worth of crypto that allegedly belonged to him. Kwon claims that the funds are not his and that he has no idea what they are talking about. Despite rumors that he is on the run, Kwon has categorically denied them.Before Terra’s downfall, Kwon was well-known in the crypto world and regarded as a folk hero due to his sharp mind and charming personality. However, he was also criticized for his arrogance and tendency to mock his peers and those he considered „poor.“In light of the recent charges, officials from Korea are now searching for Kwon in Serbia. The crypto community continues to watch the situation closely and questions

• This article analyzes the performance of Cardano (ADA) and Ripple (XRP), two of the top altcoins, in order to determine which one is more likely to bear the brunt of a shrinking crypto market.
• The article looks at recent price action and uses technical indicators like RSI to make its assessment.
• It concludes that while both tokens are currently under pressure, XRP could rebound from support levels and rise beyond $0.4 soon.

Overview

This article provides an analysis of Cardano (ADA) and Ripple (XRP), two of the top altcoins, to discover which cryptocurrency is likely to bear the brunt of a shrinking crypto market cap. By looking at recent price action and using technical indicators like RSI, we can make an educated assessment as to which token will be hit hardest by a bear squeeze in the crypto space.

Cardano (ADA) Price Analysis

Cardano (ADA) has experienced significant gains since early 2021, increasing by over 70%. However, it has seen considerable bearish pressure during the past couple of days, resulting in a notable drop in prices. Market experts believe that despite this short-term setback, ADA could still experience a recovery; however its current trade setup is still bearish and suggests further downward movement towards $0.3 levels. Furthermore, RSI appears to be forming lower highs and lows – indicating that ADA may remain under bearish pressure for some time yet.

Ripple (XRP) Price Analysis

Ripple’s price continues to trade within a symmetrical triangle formation and may approach the edge during this weekend’s trading session. This trend is showing bullish signals as indicated by rising RSI levels alongside an increase in price – suggesting that XRP could rebound from support levels soon enough. If it manages to do so, it could push past $0.4 with ease before reaching its target resistance level near $0.45 by the end of February 2021

Conclusion

The overall sentiment for both Cardano (ADA) and Ripple (XRP) remains slightly pessimistic due to their respective drops in prices recently; however they appear poised for recovery as well if they can break out from current consolidation patterns soon enough. Currently though, XRP appears more likely than ADA to experience such a bounce-back – although only time will tell whether or not this prediction holds true!

• Bitcoin price has dropped and altcoins are displaying signs of strength.
• Whales have been accumulating the altcoins, leading to predictions of 10x-15x returns.
• The possibility of a giant price action towards the south is possible if BTC bottoms out.

Bitcoin Price Drops as Altcoins Show Strength

The global crypto market capitalization regained levels above $1 trillion at the beginning of 2023, prompting a giant leap for Bitcoin price beyond $24,000. However, the price quickly dropped more than 4% to below $23,400. In the meantime, altcoins like Ethereum, BinanceCoin, XRP and Cardano have been showing acute strength with whales intensifying their accumulation.

Altcoin Accumulation

Whales have been accumulating ADA since the beginning of 2023 with recent transactions hitting a 12-week high. A well-known analyst predicts that if the bull market is confirmed these altcoins could rise by another 10x to 15x. Although there is a chance that altcoins could drop 70%-80% if BTC does not bottom out first.

BTC Bulls and Bears in Tussle

The Bitcoin bulls and bears appear to be in deep tussle over who will gain dominance over the rally. Therefore if the bulls manage to overpower the bear then it may result in a giant price action towards the south before an eventual upswing for altcoins can occur.

Anticipating BTC Bottoming Out

It is important for Bitcoin to find its bottoms before any significant pullback can occur for altcoins which would prompt an upward trend or “AltSeason” as some call it. If this happens then investors may see substantial profits from their investments in alts given that they held onto them during this period of turbulence in cryptocurrency prices overall.

Conclusion

In conclusion, while there may be potential for large gains when investing in alts given current market conditions it is important to keep an eye on Bitcoin’s performance as that will likely dictate how successful any investment might be during this period or potentially any other period during which cryptocurrency markets fluctuate dramatically.