The crypto market looks great today with the most important coins trading in the green.
There are various optimistic predictions about the prices of the coins especially since BTC was able to break the important $18k limit.
Ethereum hits $500
Ethereum was finally able to break the $500 resistance point. At the moment of writing this article, the coin is trading in the green, and it’s priced at $496.67
Ethereum has been placed in the spotlight for quite a while now, and it’s safe to say that the hype is also fueled by the upcoming launch of the much-awaited Ethereum 2.0 upgrade.
There is massive excitement around the upgrade which will take place by the end of the year, and there are already various moves taking place ahead of it.
For instance, check out the post below:
An essential piece of #Ethereum’s Serenity upgrade, the Beacon Chain’s deposit contract, is live. This begins a transition to #Eth2.@EthDotOrg Guide: https://t.co/PkKwLnXKS4
Deposit Contract Address: 0x00000000219ab540356cBB839Cbe05303d7705Fa
— Ethereum (@ethereum) November 4, 2020
The price is expected to surge even more in this bullish market.
Not too long ago, it’s been revealed that the analyst called Pentoshi said that the launch of the Ethereum Improvement Proposal (EIP)-1559 would ensure the price of ETH moves above the $1,000 mark next year.
XRP bullish moves
XRP is also making some bullish moves these days.
At the moment of writing this article, XRP is trading in the green, and it’s priced at $0.302015.
A widely-followed crypto trader and analyst said that XRP is gearing up for a wild bull run.
Credible Crypto, tells his 71,000 followers on Twitter that XRP will pull back during Bitcoin’s next big correction, but the coin will not suffer too much.
You have the right idea for the pullback region. Many alts will dump hard but XRP/BTC is on support so it may not be affected as bad as other alts.
— Credible Crypto (@CredibleCrypto) November 17, 2020
He believes that after BTC has gone through a healthy retracement, XRP will begin a long-term rally that sees the coin surge 100x in value.