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COINTURK NEWS > Cryptocurrency News > Crypto Traders Formulate Strategies for Medium and Long-Term Goals
Cryptocurrency News

Crypto Traders Formulate Strategies for Medium and Long-Term Goals

In Brief

  • Experienced traders focus on medium and long-term strategies.

  • XRP Coin's legal status remains stable, targeting growth in the XRPL network.

  • ADA Coin struggles with interest and potential growth amid competition.

Fatih Uçar
Fatih Uçar 6 months ago
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Experienced cryptocurrency traders often develop strategies aligned with their medium and long-term objectives. Attempting to profit from short-term fluctuations can be highly challenging for traders. Therefore, considering longer-term perspectives on tokens in which they have confidence may work to their advantage.

Contents
XRP Coin TargetADA Coin PredictionsPEPE Coin Commentary

XRP Coin Target

Ripple $0.004797 continues its appeal process. Although the court proceedings have been prolonged, the security status of XRP Coin is currently not in jeopardy. By the end of next year, the court is expected to reach a conclusion, and the process will likely be finalized by its fifth year. During this time, the Ripple team aims for significant growth within the XRPL network.

In the coming months, several important announcements, including RLUSD, are likely to dominate discussions. Consequently, we may observe traders taking advantage of buying opportunities around $0.48. If the anticipated historical rise in cryptocurrencies occurs, classic targets will shift to $0.58, $0.64, $0.74, and $0.93.

ADA Coin Predictions

Before transitioning to PoS, Cardano $0.781197 (ADA) was the largest PoS layer 1 network by market value. Due to its poor performance, it has fallen in rankings and is currently trading around $0.33. While XRP Coin and many other cryptocurrencies may recover, ADA Coin continues to linger near its support levels.

Hoskinson has set high aspirations. However, since gaining smart contract capabilities at the end of 2021, Cardano has failed to realize those major ambitions. Developers still do not show sufficient interest, and there are no popular applications pulling significant volume on the network. This emphasizes the limited medium-term growth potential for ADA Coin, and it is not surprising that interest is waning given the many alternatives available.

We may see larger dips below $0.315.

PEPE Coin Commentary

One of the most promising meme coins in the current cycle is PEPE Coin, which continues to hover above $0.00000763. If it can maintain support at $0.0000086, it may surpass $0.00001079. In this case, targets of $0.00001431 and $0.00001726 will come into play.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 5 November, 2024 - 11:16 pm 5 November, 2024 - 11:16 pm
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