Trader Discovers Digital Assets That Have The Potential For Near-term Growth
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A trader under the pseudonym Credible named two tokens that, in his opinion, are in the last stage of accumulation and are ready to show growth in the near future. According to the analyst, XRP and Hedera Hashgraph have the potential for growth.
XRP
At the end of September, the XRP token tested a strong support level around $ 0.90, the trader claims . According to him, the cryptocurrency pushed away from this level and is ready to reach $ 1.35 (up 24% from current levels) in the near future. After overcoming resistance in the area of $ 1.35, the altcoin will be able to continue moving and reach $ 1.7 (an increase of 56% from current levels), the analyst is sure.
On October 19, XRP token is trading at $ 1.09. Over the week, altcoin dropped in price by 4%, and its capitalization fell to $ 51 billion, according to CoinGecko.
Ripple is currently being litigated in the US. In late 2020, the Securities and Exchange Commission (SEC) accused the company of selling $ 1.3 billion in unregistered securities under the guise of XRP tokens.
Hedera hashgraph
The price of the Hedera Hashgraph token approached the key support level around $ 0.35, the analyst said . In the near future, the altcoin will bounce off the support level and return to growth, the trader is sure. According to his forecast, the next target for the Hedera Hashgraph is $ 0.43 (up 23% from current levels).
On October 19, the cost of Hedera Hashgraph is $ 0.35. Over the week, the price of the altcoin increased by 3%, and the capitalization increased to $ 5.3 billion.
Hedera is a decentralized public network where developers can build secure applications in real time.