Cardano is now on the verge of implementing the hard fork. 72% of stake pool operators have installed the latest Cardano Node 9.1.0
After a delay in the Chang Hard Fork upgrade, Cardano (ADA) has faced criticism. However, analysts believe that ADA is poised for a breakout with bullish momentum to regain strength at upper support levels.
Cardano's developmental activity is surging, with a recent report ranking it third among all crypto projects. The adoption of Node 9.0 by required operators for upgrade implementation is also a positive sign.
Meanwhile, Ripple (XRP) is in the spotlight following the conclusion of its three-year legal battle with the SEC. With a fresh start to refining its ecosystem and tokenomics, community backing is surging for XRP's price potential.
Let’s explore how ADA and XRP can lead the next market rally with the potential to conquer the $1 landmark.
Bullish Sentiment Grows for Cardano (ADA): Next Target at $0.50
Cardano is now on the verge of a hard fork implementation, with 72% of stake pool operators installing the latest Cardano Node 9.1.0.
Moreover, the data analytics firm Santiment ranked the Cardano ecosystem third in developmental activity. This marks a major milestone for ADA’s success and renewal of community enthusiasm.
The price trend of ADA is improving with rising RSI value. After a brief recovery from the $0.29 to $0.34 level, ADA might take support at $0.5. This could occur if a bullish rally is initiated following the hard fork hype.
As further trends unfold, analysts are bullish overall for Cardano (ADA). It has the potential to make notable profits for bleeding holders.
Ripple (XRP) Draws Whales Activity to Become the Next $1 Altcoin
XRP is driving massive community optimism after the legal battle, which is considered a victory for XRP despite a fine of $125 million.
Reports suggest that wallets holding between 1 million and 10 million XRP tokens are rising. Around 662.4 million XRP tokens have been accumulated after the August 5 crash.
Both institutional and retail capital is finding a lucrative entry point in Ripple at its underbought market position. Hence, the market will see a bullish price rally for XRP in the coming weeks.
The operational expansion of Ripple through ledger enhancements and stablecoin launch can make it the next altcoin to cross the $1 landmark this year.
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