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Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500

Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500
A Lady Using a Laptop

Large-cap altcoins continue to set the market tone as Bitcoin stalled after the highly anticipated interest-rate cut.

Binance’s native token soared to all-time highs today after surpassing the $1,000 psychological mark.

XRP appears ripe for continued rallies, with $5 as the next target.

Solana has recorded impressive performance in the past few sessions, and its current setup suggests breakouts to $500.

BNB hits $1,000 on community effort

Binance Coin remained in the spotlight today after crossing the $1,000 psychological mark for the first time.

Binance founder and ex-CEO Changpeng Zhao commented on the price breakthrough.

BNB has rallied from its ICO price of $0.10 to $1,000 within eight years.

The staggering 999,9000% surge feels like watching cryptocurrency history in real-time.

For CZ, this is beyond a price milestone.

It reflects years of experimenting, building, and resilience against storms such as regulations that could have crushed most projects.

He said:

We had our challenges along the way, but we worked hard, we built, and we held. It’s truly a community effort.

Binance’s breakthrough is a win for the leading exchange, developers, traders, holders, and validators, who trusted in the project’s potential.

According to Zhao, this is the beginning of another 10,000x growth.

XRP: ETF era and institutional interest make the difference

Ripple’s XRP has been among the most-watched digital tokens in recent years, due to its legal friction with the SEC and its unique utility in the remittance sector.

However, attention has been on price charts lately.

The XRP community expects remarkable performance from the token after the latest regulatory wins against the regulator.

The coin trades at $3.12 after gaining nearly 5% in the past week.

Notably, XRP teases a bull flag breakout, which puts $5 as the next target.

Moreover, a larger setup (stretching back to 2024) signals potential rallies to $15.

What could support such growth? Besides regulatory clarity, XRP sees magnified institutional interest.

For instance, the project awaits a spot exchange-traded fund approval in the United States.

Moreover, strategic collaborations, including Franklin Templeton and DBS, can attract new players and magnify liquidity within the XRP ecosystem.

Such developments could drive stable price performance in the upcoming times.

Solana’s pattern screams attention

SOL has been unstoppable lately, soaring from $176 on August 20 to $247 at press time.

The rise has gained attention. Analyst Jonathan Carter highlights a vital pattern on Solana’s weekly timeframe.

Notably, the digital coin has spent three years printing a robust cup and handle pattern on the 7D chart.

With volume soaring after confirmation, Carter believes “all criteria are aligning” for an extended rally to $5,000 before the $1,000 long-term target.

Source – Jonathan Carter on X

 Are we in an altcoin season?

The prevailing market outlook has renewed the altcoin season narrative.

Generally, Bitcoin leads, then Ethereum, after which large-cap alts follow with remarkable gains.

BTC outshone the market when it soared to $124,000.

Also, Ethereum’s latest rally past $4,900 further cemented that case.

We might as well anticipate solid gains from mid- and lower-caps in the next sessions for a full-blown altseason.

The post Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500 appeared first on Invezz

Read the article at Invezz

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Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500

Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500
A Lady Using a Laptop

Large-cap altcoins continue to set the market tone as Bitcoin stalled after the highly anticipated interest-rate cut.

Binance’s native token soared to all-time highs today after surpassing the $1,000 psychological mark.

XRP appears ripe for continued rallies, with $5 as the next target.

Solana has recorded impressive performance in the past few sessions, and its current setup suggests breakouts to $500.

BNB hits $1,000 on community effort

Binance Coin remained in the spotlight today after crossing the $1,000 psychological mark for the first time.

Binance founder and ex-CEO Changpeng Zhao commented on the price breakthrough.

BNB has rallied from its ICO price of $0.10 to $1,000 within eight years.

The staggering 999,9000% surge feels like watching cryptocurrency history in real-time.

For CZ, this is beyond a price milestone.

It reflects years of experimenting, building, and resilience against storms such as regulations that could have crushed most projects.

He said:

We had our challenges along the way, but we worked hard, we built, and we held. It’s truly a community effort.

Binance’s breakthrough is a win for the leading exchange, developers, traders, holders, and validators, who trusted in the project’s potential.

According to Zhao, this is the beginning of another 10,000x growth.

XRP: ETF era and institutional interest make the difference

Ripple’s XRP has been among the most-watched digital tokens in recent years, due to its legal friction with the SEC and its unique utility in the remittance sector.

However, attention has been on price charts lately.

The XRP community expects remarkable performance from the token after the latest regulatory wins against the regulator.

The coin trades at $3.12 after gaining nearly 5% in the past week.

Notably, XRP teases a bull flag breakout, which puts $5 as the next target.

Moreover, a larger setup (stretching back to 2024) signals potential rallies to $15.

What could support such growth? Besides regulatory clarity, XRP sees magnified institutional interest.

For instance, the project awaits a spot exchange-traded fund approval in the United States.

Moreover, strategic collaborations, including Franklin Templeton and DBS, can attract new players and magnify liquidity within the XRP ecosystem.

Such developments could drive stable price performance in the upcoming times.

Solana’s pattern screams attention

SOL has been unstoppable lately, soaring from $176 on August 20 to $247 at press time.

The rise has gained attention. Analyst Jonathan Carter highlights a vital pattern on Solana’s weekly timeframe.

Notably, the digital coin has spent three years printing a robust cup and handle pattern on the 7D chart.

With volume soaring after confirmation, Carter believes “all criteria are aligning” for an extended rally to $5,000 before the $1,000 long-term target.

Source – Jonathan Carter on X

 Are we in an altcoin season?

The prevailing market outlook has renewed the altcoin season narrative.

Generally, Bitcoin leads, then Ethereum, after which large-cap alts follow with remarkable gains.

BTC outshone the market when it soared to $124,000.

Also, Ethereum’s latest rally past $4,900 further cemented that case.

We might as well anticipate solid gains from mid- and lower-caps in the next sessions for a full-blown altseason.

The post Large-cap altcoins: CZ on BNB’s $1K milestone, XRP eyes breakout, SOL targets $500 appeared first on Invezz

Read the article at Invezz

Read More

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

According to recent chart work and on-chain checks, some XRP backers say the token ma...
Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight

Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight

Grayscale Investments has secured approval to begin trading on NYSE Arca tomorrow. Al...