Altcoins
Ripple’s XRP transfers, Notcoin surges and more
This week, the crypto ecosystem has been filled with significant events, from Ripple’s large-scale XRP transfers to Binance’s delisting actions and Notcoin’s price surge..
Additionally, as Bitcoin (BTC) hovers around $71,000, a veteran analyst has set a target of $150,000 for the bull market peak. Likewise, asset manager VanEck set a whopping $22,000 target for Ethereum. VanEck believes that ETH could reach its goal by 2030.
Ripple’s XRP transactions raise eyebrows
Last weekend, Ripple initiated the transfer of 3 billion XRP tokens, sparking important discussions within the crypto community. Notably, these transactions, valued at around $1.5 billion, deviate from Ripple’s typical monthly release of around 1 billion tokens.
According to crypto analyst Michael Nardolillo, these moves mainly involved internal transfers for escrow management. Despite the heavy volume, XRP price remained relatively stable at around $0.5242, reflecting the market’s muted response to these developments.
“The majority of them are internal moves and escrow relocks. Everyone says “unknown” account, the bot was wrong and it was still a Ripple account,” crypto analyst Michael Nardolillo explain.
Learn more: Ripple (XRP) Price Prediction 2024/2025/2030
XRP price performance. Source: BeInCrypto
Binance removes 4 Altcoins
Monday, Binance announced it would delist four altcoins – OH MY GOD Network (OMG), Waves (WAVES)Wrapped NXM (WNXM) and NEM (XEM), effective June 17, 2024. This move is part of Binance’s routine evaluation to ensure a high-quality trading environment.
“When tokens no longer meet our listing criteria or significant changes occur in the industry environment, we conduct a thorough review of the project and may delist them,” Binance said.
As a result, the prices of these coins declined sharply, with OMG, WAVES, and XEM seeing significant declines, while WNXM saw only a slight decline.
Learn more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Notable increase for Notcoin
Unlike the four altcoins delisted by Binance, Notcoin (NOT) has recently caught the market’s attention with an impressive 80% rise over the past week. After its initial release at $0.012 and a subsequent price drop, NOT rebounded dramatically, reaching a high of $0.029.
This push propelled Notcoin’s market capitalization close to the top 50 cryptocurrencies, driven by strategic staking functions and token burns. However, after peaking at $0.029, Notcoin fell by over 25%, currently trading at $0.021.
Learn more: What is Notcoin (PAS)? A guide to the Telegram-based GameFi token
The Future of Bitcoin: A High Prediction
A seasoned trader, Peter Brandt Predicts Bitcoin Could Climb to $150,000 by September 2025. Its forecasts depend on historical market cycles and Bitcoin halving events, which often signal the start of bullish phases.
Although Brandt remains cautious about the certainty of this prediction, he advises investors to monitor Bitcoin’s trends closely, especially if it struggles to reach new highs.
“It should be noted that past bull market highs line up quite well with a reverse parabolic trend. curve. If this trend also continues, the top of this bull market cycle could be between $130,000 and $150,000. The X on the chart marks the likely high date and price level,” Brandt wrote.
Learn more: Bitcoin (BTC) Price Prediction 2024/2025/2030
VanEck’s Bold Ethereum Prediction
Leading asset manager VanEck predicts Ethereum could hit $22,000 by 2030, assuming that approval of crypto-related financial products like exchange-traded funds (ETFs).
This optimism stems from Ethereum’s growing utility across various industries, positioning it as a potential disruptor in the financial and technology landscapes. VanEck’s scenario suggests significant growth potential for Ethereum, based on its ability to maintain a dominant position among smart contract platforms.
“The central asset of this financial system is the ETH token, and in our updated base case we believe it will be worth $22,000 by 2030, representing a total return of 487% over the current price of ETH, a compound annual growth rate (CAGR) of 37.8%”, VanEck declared.
Learn more: Ethereum (ETH) Price Prediction 2024/2025/2030
| Base case | Bull case | Bear case | |
| Ethereum Terminal Smart Contracts Market Share | 70.00% | 90.00% | 15.00% |
| ETH Price Target | |||
| Estimated revenues 2030 ($M) | $78,501 | $361,641 | $2,477 |
| Global Crypto Tax Rates | 15% | 15% | 15% |
| Validator Cup | 1.00% | 1.00% | 1.00% |
| FCF to token holders in 2030 ($M) | $66,058 | $304,321 | $2,084 |
| Multiple FCF Terminal | 33.33 | 50 | 20 |
| ETH FDV ($M) | $2,201,945 | $15,216,032 | $41,681 |
| ETH supply in 2030 | 100.07 | 98.85 | 115.73 |
| 2030 Token Price (USD) | $22,000 | $154,000 | $360 |
Ether price target for 2030: base, bullish and bearish scenarios. Source: VanEck
The Top 10 cryptocurrencies of the week
This week, among the 10 cryptocurrencies with the highest market capitalization, BNB was the best performing asset with an increase of 18.32%. In fact, on Wednesday, BNB reached a new all-time high, surpassing $700.
Bitcoin showed strong performance, up 5.22% this week. Conversely, Ethereum saw modest gains, up just 0.60% over the same period.
Learn more: What are the best Altcoins to invest in June 2024?
This week, Toncoin (TON) jumped 16.75%, reversing the market capitalization of Cardano (ADA). At the time of writing, TON’s market cap stands at $18.13 billion, while ADA’s stands at $17.39 billion.
Other cryptocurrencies maintained their rankings compared to last week.
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