Ethereum
3 Ethereum Rivals to Buy if You Missed Solana
THE cryptocurrency the industry is a sea of opportunity, often grasped by quick fingers. Often, if the ship sails before you board, it’s an uphill battle to catch up – and if you do, you might end up going down with the same ship. However, there are many second, third, fourth and even fifth chances. For this reason, investors who may have missed Solana’s rally might consider trading Ethereum’s main rivals like XRP, SHIB, and LUNC.
Why Buy Ethereum Rivals
Solana has been a notable rival to the world’s second-largest cryptocurrency since its creation, Ethereum. The token has an efficient blockchain that is scalable and capable of supporting high transaction throughput for a fraction of the fees charged to send value on Ethereum.
Like Solana, other Ethereum rivals have emerged with immense potential. For example, XRP runs on the XRP Ledger (XRPL) which supports the transfer of value across international borders. Over the years, the network has partnered with banking institutions using its on-demand liquidity (ODL) platform to send and receive money.
Shiba Inuon the other hand, started as a piece of money rival of Dogecoin. However, the token has grown from just a dog-themed joke cryptocurrency to a powerhouse hosting other tokens and scaling networks like Shibarium. SHIB is very affordable compared to Ethereum at $3,800.
The Terra Classic community has shown resilience since its fall in 2022. After crashing almost to zero, LUNC has continued to recover, aiming to reach $1 during the next bull market.
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XRP
XRP is holding above the crucial $0.52 support on Friday amid growing signs of an incoming bullish move.
Market factors are strong for Bitcoin and altcoins. The approval of Ethereum ETF has raised the stakes for XRP and Solana to receive similar products in the future.
XRP stands out as the eighth largest cryptocurrency, with a market capitalization of $28 billion. With a green candle established on the four-hour chart, this could be a good opportunity for traders to seek long exposure ahead of a larger move higher.
The Relative Strength Index (RSI) in the same time frame begins to strengthen the bullish hold with potential. If the RSI crossed the descending trendline and closed the gap with the midline in the neutral zone, the path of least resistance would maintain the uptrend.
XRP Price Prediction Chart | Commercial view
The rising four-hour candle shows that buyers have the upper hand. However, for XRP To establish a sustainable uptrend, all three exponential moving averages (EMA) must reverse to provide support. Likewise, the Moving Average Convergence Divergence (MACD) gives a bullish signal that may encourage traders to consider purchasing XRP. A major rally would break out if resistance at $0.56 is broken, paving the way for a smooth path towards $1.
2. Shiba Inu (SHIB)
Data from CoinGecko shows that Shiba Inu price traded around $0.00002573 during European hours, down 3.6% over the last 24 hours and up 6.6% over 7 days.
SHIB Price is currently in an ascending triangle and almost at the end. Ascending triangles show investor interest and accumulation, as the highs remain relatively stable and the lows increase. If the market structure holds, Shiba Inu could break out higher and rebound 32% to around $0.000036.
SHIB Price Chart
The price of the Shiba Inu the fundamentals are solid while the same corner leans in favor of its immense community. Coinbase Futures recently announced support for SHIB perpetual futures, which will begin trading on May 30, 2024.
Several renowned crypto analysts have also called for imminent SHIB price breakouts in the near future. Ali Martinez suggested a 20% price hike if SHIB price rises above $0.000025.
3. Terra Classic (LUNC)
Over the past week, the price of LUNC has been trading higher, rising 8% due to growing market optimism and renewed investor interest. Additionally, over the past month, this token has seen a consistent rise of 15%, trading in a range of $0.0001 to $0.00012, reflecting positive market sentiment.
As bullish sentiment gains momentum, Terra Classic (LUNC) could break above the $0.00013 mark, signaling a new uptrend. This positive market development could push the Terra Classic Price towards a breakout of resistance at $0.0002, targeting $0.0005 in the next upcycle.
Conclusion
Creating a winning crypto wallet is not an easy task for many. However, investors who focus on strong narratives like Ethereum and its popular rivals are on track to leverage more from their holdings. A potential bull run in 2024 could transform the fortunes of ordinary people and allow them to achieve immense success.
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