Hitched once more: Battles for Ethereum, XRP, Solana, Cardano, and more crypto rug pulls continued by stuffed customs rollercoaster, but are investors really missing a near-perfect investment opportunity?
Cryptocurrencies such as XRP, Ethereum, Solana, and Cardano are reaching attractive entry points for investors.
Just as the cryptocurrency market started to recover following Bitcoin, yet another wallop comes our way. This time it's escalating customs fuss causing a commotion. But what has customs got to do with crypto?
Troublesome times for XRP, Ethereum, Solana, Cardano, and co. due to customs strife
Not much, to be frank. Presently, cryptocurrencies are highly correlated with the fate of U.S. stocks. When stocks plunge, so does the crypto market. This stems from if investors are willing to embrace risk or not. Yet, this swoon could unleash hidden opportunities for cryptocurrencies like XRP, Ethereum, Solana, and Cardano due to their bullish chart position and several prospective developments:
Could this be the ultimate investment entry point for cryptos?
It's true that the market is incredibly volatile right now, making it tricky to predict the future. The intricate customs strategies from the U.S. remain shrouded in mystery. More: Customs: Ladder to Doom or Safe Haven? Explore here / Gold and these stocks remain lively / Johannes Hirsch
However, crypto could shine now: As the chart below from Tradingview reveals, the total market cap of altcoins (all cryptos except Bitcoin) is perched precariously on a crucial support line. Previously, when altcoins like Ethereum, XRP, Cardano, or Solana discovered this support, substantial rallies took place: From October 2023 to March 2024, it climbed an impressive 144 percent, and from August 2024 to December 2024, it sprang up 104 percent. Of course, the support could crumble, and then the market might fall even further. Cautious investors should be aware of this possibility and set tight stop-loss orders for cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano. Or else, try your luck with the BÖRSE ONLINE Best of Krypto, which focuses on the ten top cryptocurrencies.
In addition, cryptocurrencies are relatively immune to customs shocks. Moreover, Donald Trump could potentially announce that the U.S. will purchase Bitcoin if the sale of TikTok materializes, and the President decides to allocate these funds towards Bitcoin. Furthermore, the U.S.'s gold holdings may soon undergo a revaluation, and Bloomberg sees potential for Bitcoin purchases here. More: Bloomberg ignites Earth-shattering theory: Is Uncle Sam about to swap gold for Bitcoin?
Disclosure NoticeThe majority shareholder and board members of Börsenmedien AG's publishing company, Mr. Bernd Förtsch, hold positions, directly and indirectly, in the financial instruments mentioned in this publication or related derivatives, which could profit from the potential price alterations generated by the publication: Ethereum, Cardano.
Disclosure NoticeThe author holds positions, directly, in the financial instruments mentioned in this publication or related derivatives, which could benefit from the potential price fluctuations resulting from the publication: Ethereum, Ripple, Solana, Cardano.
[1] - Transparent legal framework for digital assets: https://static.coinbase.com/system/uploads/4950/original/1618561764/CBDC_Taskforce_Report_11-10-2020.pdf?1618561764[2] - Financial Innovation for American Families Act: https://financialservices.house.gov/uploadedfiles/committee%20full%20committee%20markup%20of%20hr%201028%20the%20financial%20innovation%20for%20american%20families%20act.pdf[3] - Presidential Policy Directive 20 on National Strategy for Critical and Emerging Cyber Technologies: https://obamawhitehouse.archives.gov/sites/default/files/docs/policy_brief_ppd_20_cybersecurity_npr_021213.pdf[4] - Updated enforcement framework for virtual currencies finalized by the U.S. Department of Justice: https://www.justice.gov/opa/pr/department-justice-announces-first-ever-enforcement-framework-virtual-currencies
- This cryptocurrency market, despite the customs strife, may offer hidden opportunities for investments, given the bullish chart positions of altcoins like XRP, Ethereum, Solana, and Cardano.
- The total market cap of these altcoins is precariously perched on a crucial support line, and if this support holds, as it has in the past, substantial rallies could occur.
- The cryptocurrencies, relatively immune to customs shocks, might shine amidst the commotion, especially considering potential involvement of the U.S. government, like Donald Trump's potential purchase of Bitcoin.
- Cautious investors should be aware of the risk and set tight stop-loss orders for cryptocurrencies, or they could explore investment options like the BÖRSE ONLINE Best of Krypto, which focuses on the top ten cryptocurrencies.
