Bitcoin Price Targets, Ripple (XRP) Developments, Cardano (ADA) Price Predictions: Bits Recap Nov 6

TL; DR

Bitcoin (BTC) has hit an 18-month high near $36,000, with predictions ranging from a conservative $150,000 to $3 million in 2025. Ripple (XRP) has surpassed Ethereum (ETH) in popularity in 47 states across the US, especially in Delaware, Nevada, Louisiana, Arizona, and Hawaii. Cardano (ADA) recently surged in price to $0.35 amid various analyst forecasts suggesting it could rise between $0.45 and a bright $30 due to global inflation and the growing crypto market capitalization.

Where is Bitcoin (BTC) headed?

The major cryptocurrency has been on a tear for the past few weeks, with its price recently hitting $36,000 (according to CoinGecko data). The 18-month high forecast has given pundits and analysts a chance, and some are quite extreme.

One such prediction comes from popular X (Twitter) user Luke Broyles. proposed that BTC may explode to 3 million dollars in the future. The analyst argued that the current state of the property is similar to the Internet in its early days.

Bernstein analyst Gautam Chugani was a bit more moderate; Guess The value of BTC will reach $150,000 by 2025. It also expects that one or more spot Bitcoin ETF applications will be approved by the US SEC during the first quarter of 2024.

Two other notable people who have addressed the issue are Max Keizer (Chairman of El Salvador-based Bitcoin mining startup Volcano Energy) and Michael Saylor (Chairman of MicroStrategy). The former believes that the leader's digital assets could rise to $200,000 following social unrest, while the latter He sees BTC trades above $350k, boosted by 2024 halving event.

Those interested in seeing five more Bitcoin predictions from famous names can check out our curated video below.

Ripple (XRP) holds the interest

Ripple and its native – XRP – are also in the spotlight. Like CryptoPotato reported In the past week, the asset's popularity has risen sharply, surpassing Ethereum (ETH) in the US.

In particular, residents of 47 states showed more interest in Ripple coin, the second largest by market capitalization. Delaware, Nevada, Louisiana, Arizona and Hawaii are the states where XRP is most popular. On the other hand, Vermont, New York, Oregon and the District of Columbia are the only places where Ethereum has gained more interest.

Cardano (ADA) is also gaining traction

Cardano's native token – ADA – is another crypto asset that has performed well recently. The price has risen to about $0.35 (this figure was last seen in July 2023) and some analysts envision a further rally.

X user John Morgan It has been shared. A study estimated that the asset could rise to $0.45 based on the rapid trading volume on the coin. Another man, using the handle Ali, was more aggressive; Making a claim ADA is likely to increase the rate to nearly $10 by the end of the year.

While those predictions may seem somewhat realistic, the one from X-user Lucid can be described as overly optimistic. The analyst He thinks Global inflation could act as a catalyst for the cryptocurrency market and push its capitalization to $10 trillion within a decade, while ADA could explode to a staggering $30.