XRP, ADA, and ETH Have Each Achieved Major Milestones This Year By CoinEdition



© Reuters XRP, ADA, and ETH Have Each Achieved Major Milestones This Year
  • ETH, XRP, and ADA have achieved major milestones this year.
  • Some ADA holders believe that ADA will rise 41x.
  • XRP’s price could rise to $1.40 after a victory in the SEC lawsuit.

Three altcoins that crypto investors should have in their investment portfolio are (ADA), (ETH), and (XRP). Each of these altcoins has either achieved or is about to achieve major milestones this year.

ETH and ADA

As the largest altcoin by market cap, changing the ETH blockchain from a Proof-of-Work blockchain to a Proof-of-Stake blockchain was going to be a challenging task. However, the ETH dev team was able to do so this year with the successful rollout of the Merge, which is a major accomplishment and a big win for the entire crypto ecosystem.

ETH was not the only chain to roll out an upgrade this year. ADA’s team also rolled out the Vasil hard fork upgrade shortly after the ETH team rolled out their upgrade. The ADA upgrade promises to increase the scalability of the Cardano chain, which will allow it to grow its market presence as well.

Looking at the market cap of both of the altcoins, ETH currently stands at $164.7 billion while ADA’s market cap is $12.3 billion, according to CoinMarketCap. The last bull run saw ETH’s market cap go as high as $500 billion. This has led some ADA holders to believe that ADA poses a 41x opportunity if it is able to reach a market cap of $500 billion in the next bull run.

The parent company of XRP, Ripple Labs, has seen some positive developments in their 2-year-long battle with the U.S. Securities and Exchange Commission (SEC) that could see them winning the lawsuit. XRP holders and community members could expect a significant pump in XRP’s price.

Monthly chart for XRP/USDT (Source: CoinMarketCap)

XRP’s price had a good month last month and was brought back down by the resistance at $0.6. So far this month. XRP attempted to challenge the resistance level again but once again failed.

A victory in the SEC lawsuit will most likely see XRP’s price enter into the next price channel between $0.6 and $1. Once the bearish pressure in the market subsides, XRP’s price will likely soar to $1.4. It will only go higher once the market enters into a bull run.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post XRP, ADA, and ETH Have Each Achieved Major Milestones This Year appeared first on Coin Edition.

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