July 18, 2024

Ethereum Set for Extremely Bullish July; Ripple and KangaMoon Ready To Catapult To New Heights

 Ethereum Set for Extremely Bullish July; Ripple and KangaMoon Ready To Catapult To New Heights

Ethereum Set for Extremely Bullish July; Ripple and KangaMoon Ready To Catapult To New Heights

After a predominantly quiet second quarter, a top crypto analyst, Captain Faibik has shared a chart that suggests that Ethereum (ETH) is looking extremely bullish for July. According to Faibik’s analysis, ETH has the tendency to rise above $4,000 this month.

Amonyx has also expressed a very positive sentiment on Ripple (XRP) arguing that the crypto has broken through the triangle pattern and is on its way to hit a new ATH. KangaMoon, one of the most bullish altcoins this week, has also been predicted to soar past $1 as it prepares to launch one of the most exciting P2E games the market has seen.

Ethereum (ETH) Set To Recover Above $4,000 in July

The second quarter was not very good for Ethereum (ETH); the leading altcoin was mainly trading in the lateral zone after a brief bullish period in April. After this long period of consolidation, Captain Faibik, the popular crypto analyst has said that the price of Ethereumcould be extremely bullish in July.

Based on the chart shared by Faibik, Ethereum will be looking to break out of a descending channel pattern, with a target as high as $4,000 this month. The other factors that also back an Ethereum price rally are Ethereum ETFs that are expected to list in the US later this month.

Ripple (XRP) Ready for Massive Price Increase As Lawsuit Draws To a Close

In the latest update from the Ripple vs. SEC lawsuit, Judge Torres’ verdict of XRP secondary sales not being securities has tilted the balance favoring Ripple. With the long overdue case finally drawing to a close, many industry experts have predicted that the XRP coin will experience a massive price increase if the ruling is in Ripple’s favor.

According to a chart shared by Amonyx, the Ripple coin has broken out of a descending triangle pattern. Predicting a 7-year bull cycle for the altcoin, Amonyx’s chart suggests that the price of Ripple could surge to a new ATH, outperforming most of the crypto market.

KangaMoon Surge 160%, Set To Hit $1 As Its Game Prepares To Launch

Talking about outperforming most of the crypto market, KangaMoon is one of the few altcoins that has been doing that for weeks now. Following back-to-back listings on Uniswap and BitMart, the price of KangaMoon has shot up by more than 160% on the weekly chart to trade above the $0.0980 support level, as per data from CoinMarketCap.

In addition to its recent listings, KangaMoon has also added a staking platform to its ecosystem, giving its users a chance to earn. KangaMoon, a unique GameFi project that blends SocialFifeatures into its gaming ecosystem, has caught the attention of the crypto community.

KangaMoon’s Social-Fi element is another feature that keeps users engaged in its lucrative Kangaverse platform, rewarding them based on their levels of participation. With the full launch of its P2E game expected to happen in the next few weeks, industry experts are optimistic that the KANG tokens that power the ecosystem can surge as high as $1, making it one of the best cryptos to buy now.

The KangaMoon game will provide a slew of activities, from battles and competitions between users to KANG avatars, betting on battle outcomes, and quests for users to earn valuable rewards. This is why there is much excitement in the crypto space leading up to the launch of KangaMoon’s P2E game.

Conclusion

The upcoming listing of Ethereum ETFs could provide the boost ETH needs to break out of consolidation and hit Faibik’s $4,000 price prediction. At the same time, Ripple looks to be in a good position to record a massive price increase, while KangaMoon’s bullish momentum during the market dip suggests it could extend its gains even further when its game hits the market.

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