Analysis of 5 Cryptocurrencies with Large Market Capitalization This Week: ETH, XRP, BNB, SOL, DOGE
1. Ethereum (ETH) Ethereum showed its strength again this week. Positive sentiment came from plans to upgrade the system, which will speed up transaction confirmation in the future. Although implementation is still awaiting the next major network update, this discussion was enough to attract the interest of market participants. In addition, Ethereum continues to be seen as the backbone of many decentralized finance applications, which adds to its appeal in the eyes of long-term investors. 2. Ripple (XRP) Ripple faced a rather complex week. The asset is in a decisive area that has long been considered critical for the short-term price direction. Amidst continued strong pressure, the price rose from around $1.9 and broke through $2. This increase gives hope that buyers are still active, even though they have not been able to push prices past stronger upper limits. If the upward movement continues, XRP has the potential to test the range of $2.26 to $2.3. However, if it stalls again and l...