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Analyst Predicts How Much XRP Could Surge This Year
A widely followed market watcher known as “Crypto Beast” has shared his bullish outlook for various crypto assets, including XRP and Solana.
Bullish momentum is gradually building in the crypto market as Bitcoin continues to hold near the $110K level. The leading cryptocurrency is trading at $107K at press time, with a 0.25% gain over the past day, showing minimal volatility. This passive movement is gradually giving altcoins room to grow.
In a Monday tweet, Crypto Beast shared his perspective on how 14 altcoins could perform. His outlook suggests gains ranging from at least 100% to as high as 4,000% for these altcoins.
Ethereum Set for 2X Surge
Topping the list is Ethereum, which the prominent trader projects to surge by 200%. At press time, Ethereum is trading at $2,582, down 1% on the day. A 2x gain from the current price would place Ethereum at approximately $5,164.
This would mark a new all-time high for ETH, significantly surpassing its previous peak of $4,891 and rewarding long-term holders for their patience, as ETH has failed to retest the 2021 all-time high despite BTC continuously seeing new peaks.
How High Solana and XRP Could Go
As for Solana and XRP, Crypto Beast expects them to perform even better. He projected a 3X gain for Solana and a 4X upside for XRP. Notably, Solana is currently trading at $153, and a 3X increase from here would push the price to around $459.
Meanwhile, XRP changes hands for $2.23, up 2.4% today. A 4X surge from the current level would push XRP near the double-digit range, trading at around $9.
Notably, at that price, XRP’s market cap would rise to $525 billion, exceeding Ethereum’s current valuation of $311 billion. However, this valuation would be less than Ethereum’s market cap of $623 billion at the projected $5,164. Further, at the $9 price, XRP’s fully diluted valuation would close to the lofty $1 trillion mark.
Some market watchers believe that $9 is a conservative estimate for XRP this year, with hopes for even higher targets. For instance, prominent crypto bull Javon Marks maintains a price outlook of $100 and above for XRP this cycle. He bases his projections largely on XRP’s historical patterns, which he believes still have the potential to forecast future moves.
Meanwhile, according to Crypto Beast’s list, several other altcoins could outperform XRP, delivering gains beyond 4X.
Altcoins Projected to Gain 5X to 10X
In this category, the analyst highlighted Sui (SUI), a renowned layer-1 network rivaling Solana, as a strong candidate for a 5X surge. Trading at $3, SUI has already delivered a 224% gain. However, Crypto Beast believes it could rise further to as high as $15 this season.
The post also identified Ethena (ENA), Virtual, Near Protocol (NEAR), SPX6900 (SPX), and Kaspa (KAS) as potential candidates for 6X to 10X price surges.
12X to 40X Altcoins to Watch
In the high-performance category, Crypto Beast named just three altcoins: Aerodrome (AERO), Pudgy Penguins (PENGU), and Realio Network (RIO). Specifically, he suggested that AERO could do 12X, PENGU could achieve 17X, and RIO could reach an impressive 40X gain.
A major factor supporting this thesis is their relatively low market caps compared to billion-dollar projects like XRP or Ethereum, making them more responsive to market activity.
Other coins that also featured in the listing include HYPE, projected for a 3X gain, and ONDO, with a projected 4X surge.
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