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$PEPE has actually been holding up quite well through all this.— CrediBULL Crypto (@CredibleCrypto) August 1, 2024
I would not be surprised if we see another leg up to take some untapped liquidity before the larger move down continues.
No plans to attempt a long- yet. For now just watching to see how things develop. https://t.co/aT9VFPLNKt pic.twitter.com/5U2MzPLTUW
The renowned expert in cryptography analysis “Credible Crypto” has just shared his shocking predictions for three major cryptocurrencies. His analyses suggest significant movements ahead for Pepe, Ethereum, and XRP. This could potentially offer interesting crypto investment opportunities.
Pepe (PEPE): The star memecoin soon in free fall?
Despite recent resistance to the slowdown in the cryptocurrency market, Pepe’s future looks bleak according to Credible Crypto. The cryptographic expert forecasts a possible short-term increase of 38% before a brutal collapse. The price of the PEPE crypto asset will thus oscillate around $0.0000145.
Credible Crypto states:
“I wouldn’t be surprised if we saw another surge to recover some of the untapped liquidity before the larger downtrend continues.”
Ethereum (ETH): An imminent drop for the second largest crypto?
The cryptographic expert is also pessimistic regarding Ethereum, the second-largest cryptocurrency in terms of market capitalization. Credible Crypto indeed anticipates a potential drop of 12%, with a price target below $2,800. This forecast could have a significant impact on the entire altcoin and DeFi market.
According to the analyst, Ethereum could experience a temporary rebound above $3,400 before plunging. He advises shorting any push above the $3,400 zone.
XRP crypto asset: A long-term buying opportunity on the horizon
Unlike Pepe and Ethereum, Credible Crypto sees an interesting opportunity for the XRP crypto asset. The analyst suggests a potential entry point if the price drops below $0.49, with an ambitious upside target around $1. This would represent a 66% increase from current levels.
This optimistic forecast for XRP comes as the Ripple blockchain gains adoption among financial institutions.
In any case, the forecasts of this expert provide a fascinating insight into potential movements in the cryptocurrency market. They highlight the importance of constant monitoring and a tailored investment strategy in this ever-evolving space.