It can be seen that the cryptocurrency market is entering a phase of strong volatility, with an increase in altcoins and a temporary decline in Bitcoin's dominance. This is a positive signal for altcoin investors, as coins like Ripple's XRP and Stellar's XLM are receiving optimistic expectations from analysts.
Market trend overview:
• Bitcoin (BTC): BTC price has recovered strongly from 94,000 USD to 99,000 USD, and predictions suggest BTC could reach 110,000 - 200,000 USD in the coming months. However, BTC's dominance is decreasing, paving the way for altcoins.
• Altcoins: Altcoins have a great opportunity to break through as capital shifts from BTC to other coins.
Price targets for XRP and XLM:
• XRP (Ripple): Analysts predict XRP will reach a price of 4.804 USD, breaking the current all-time high (ATH).
• XLM (Stellar): Short-term price target is 0.681 USD, with a longer-term target of 1.20 USD.
Market sentiment:
The Fear & Greed Index of the market has shifted from neutral to greedy, reaching 73 points, indicating increasing investor confidence. This is also a positive supportive sign for the growth of both BTC and altcoins.
General assessment:
• The market is preparing to enter altcoin season, led by ETH in early 2025. The altcoin pump cycle is expected to continue throughout the next year.
• XRP and XLM are two of the altcoins expected to record new high prices due to strong growth momentum.#xrp #XLM #ReboundRally