Deep Dives Archives - NFT Evening https://nftevening.com/research/deep-dives/ Cryptocurrency, Blockchain, NFT News Fri, 04 Apr 2025 03:17:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://nftevening.com/wp-content/uploads/2024/05/cropped-favicon-32x32.png Deep Dives Archives - NFT Evening https://nftevening.com/research/deep-dives/ 32 32 Hyperliquid Deep Dive: Understand HYPE and HLP Model https://nftevening.com/hyperliquid-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=hyperliquid-deep-dive Fri, 04 Apr 2025 03:45:06 +0000 https://nftevening.com/?p=150234 Hyperliquid is a decentralized derivatives trading platform (DEX derivatives) that has been gaining traction in the DeFi ecosystem thanks to its unique operational model, transparent governance, and deep integration of

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Hyperliquid is a decentralized derivatives trading platform (DEX derivatives) that has been gaining traction in the DeFi ecosystem thanks to its unique operational model, transparent governance, and deep integration of security and risk management mechanisms.

Hyperliquid Liquidity Model (HLP)

Hyperliquidity Provider (HLP) is the shared liquidity vault of Hyperliquid, funded by the community to execute market-making and liquidation strategies on the platform. Anyone can deposit USDC into HLP and earn profits or bear losses proportional to their contribution. HLP serves as the primary trading counterparty for most orders on the platform, similar to how GLP operates on GMX, but with a more active and adaptive approach.

HLP does not charge any management fees; all profits and losses are fully distributed to depositors, as the vault is entirely community-owned.

In practice, HLP is structured into several sub-vaults, each implementing different strategies. Specifically, there are two vaults focused on market-making (referred to as Vault A and Vault B) and one vault designated for liquidations (the Liquidator vault). Vaults A and B continuously place buy/sell orders to provide liquidity to the order book, while the Liquidator vault handles positions that are being liquidated.

Learn more: What is Hyperliquid?

HLP displays the net position aggregated across all three sub-vaults. For example, if Vault A is long 100 million USD worth of ETH, Vault B is long 200 million USD, and Liquidator is short 300 million USD, the overall net position of HLP would be zero since the long and short positions offset one another.

hyperliquid logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

HLP Performance

Since its launch, HLP has generally remained profitable – thanks to its market-making strategy and trading fee revenue. By the end of 2024, the HLP vault had reached a total value locked (TVL) of approximately 350 million USDC and had accumulated around 50 million USDC in profit, reflecting a consistently positive APR.

HLP’s tendency to maintain a net short position throughout the 2023–2024 bull market allowed it to deliver steady returns, even as asset prices were trending upward.

HLP performance

HLP performance remained profitable since launched – Source: HyperLiquid

However, HLP is not without risk. On several occasions, the vault recorded significant losses due to unexpected market volatility.

Jelly and a Hard-learned Lesson for Hyperliquid

One of the most notable incidents occurred in late March 2025, involving a short squeeze on the token JELLY. A trader opened a short position worth approximately 8 million USDC on JELLY, then proceeded to buy up the token on decentralized exchanges (DEXs), causing the price to surge dramatically. As a result, the short position was liquidated and fully transferred to the HLP vault.

Read more: Recap of the Price Manipulation in Hyperliquid

The price of JELLY on DEXs skyrocketed by several hundred percent, pushing HLP into an unrealized loss of over 10 million USD.

Facing the risk that a 230 million USD vault could lose everything to a small memecoin, the team acted quickly: they delisted JELLY and set a mandatory liquidation price at 0.0095 USD – exactly the level where the attacker had originally opened the short.

However, this move sparked widespread controversy regarding Hyperliquid’s decentralization and transparency. Many argued that this was effectively a “validator bailout” (or “validator put”)—a” situation where the network steps in to cap losses when the vault is hit too hard. This raised concerns that Hyperliquid may be willing to override market mechanisms to protect HLP’s capital, potentially at the expense of other users.

In response, Hyperliquid upgraded its blockchain to include on-chain validator voting for future asset delistings – a step toward deterring manipulation. Still, questions remain about the platform’s commitment to true decentralization.

Hyperliquid’s Risk Management Measures

Following the JELLY incident, Hyperliquid implemented a series of risk management upgrades to prevent similar scenarios from occurring in the future. One major change involved reducing the portion of HLP capital used for liquidation strategies. The team set this allocation at a fixed, clearly defined amount and also decreased the rebalancing frequency for the Liquidator vault to help limit potential losses during major liquidation events.

In addition, Hyperliquid introduced a mechanism for loss thresholds and Auto-Deleveraging (ADL). This system automatically triggers deleveraging when losses from liquidation strategies exceed a specific threshold. Once the losses hit that limit, the protocol activates ADL, which draws on unrealized profits from other traders within the same asset pair to cover the deficit.

To further enhance stability, the platform also adopted dynamic Open Interest (OI) caps. The platform adjusts these caps based on each asset’s liquidity and market capitalization, enforcing much stricter limits on low-cap tokens. This measure helps prevent a small number of traders from opening oversized positions that could distort market depth and introduce systemic risk.

OI level of HyperLiquid

Source: ASXN

These recent improvements reflect Hyperliquid’s recognition of the vulnerabilities exposed by the JELLY episode and its commitment to building a more resilient system. HLP shares profits with users but needs strong risk controls during volatile market conditions.

One recent example that highlights Hyperliquid’s evolving governance and risk management practices is the delisting of MYRO perpetuals. On March 29, 2025, validators 2-5 voted to delist MYRO due to low liquidity and manipulation risks.

ASXN backed delisting due to low volume, poor liquidity, and thin order books across CEXs, DEXs, and Hyperliquid. These conditions made MYRO highly susceptible to price manipulation and posed unnecessary risk to HLP

hyperliquid logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

Exchanges Supporting HYPE and Liquidity

Following its token launch, Hyperliquid quickly drew significant attention from the crypto community. HYPE jumped 60% in half a day, hitting 6 USD and nearing 2B USD in market cap.

Exchanges Supporting HYPE and Liquidity

Source: CoinGecko

Users swapped USDC for HYPE directly on Hyperliquid DEX after connecting their wallet.

In the weeks following the airdrop, several mid-tier centralized exchanges began listing HYPE, further expanding its liquidity. KuCoin was the first CEX to enable HYPE deposits, withdrawals, and trading (starting December 7, 2024). Today, exchanges such as KuCoin, Gate.io, Bitget, LBank, and CoinW account for the highest trading volumes of HYPE.

Learn more: Why Hyperliquid Doesn’t Need to List on Binance

Despite no Binance listing, HYPE trades actively, driven by strong community interest after the major airdrop. In its early days, HYPE saw strong volatility from profit-taking and fallout after the JELLY incident. However, in recent weeks, the price has shown signs of stabilization.

Conclusion

Hyperliquid gains traction in DeFi with community-backed liquidity and strong, proactive risk controls. HLP vaults generate yield, but the JELLY incident exposed tough trade-offs between user safety and decentralization.

The Layer 1 Perpetual DEX’s swift upgrades and HYPE’s strong debut show rising trust in the protocol’s long-term potential.

Read more: Hyperliquid Airdrop Season 2 Guide

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XRP Deep Dive: A Masssive Player in Today’s Crypto Market https://nftevening.com/xrp-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-deep-dive Fri, 28 Mar 2025 06:12:33 +0000 https://nftevening.com/?p=149597 In 2025, continues to capture significant attention from both seasoned investors and crypto newcomers alike. As Ripple’s primary digital asset, XRP finds itself at a crucial juncture, influenced by regulatory

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In 2025, XRP continues to capture significant attention from both seasoned investors and crypto newcomers alike. As Ripple’s primary digital asset, XRP finds itself at a crucial juncture, influenced by regulatory victories, increasing adoption of stablecoins, and fierce market competition.

This article provides an objective, in-depth analysis of XRP’s latest developments, long-term prospects, and inherent risks, empowering readers to make informed decisions about its future potential.

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Introduction

In 2025, XRP continues to capture the attention of both individual investors and newcomers to the cryptocurrency space. As the digital currency associated with Ripple, XRP has experienced significant fluctuations and pivotal events.

Learn more: XRP, ACH, XLM, AMP: Comparison of Payment Platforms

This article provides an objective analysis of XRP’s potential, encompassing recent supportive news, favorable market conditions, long-term outlook, and inherent risks. We will also compare XRP with other alternative and complementary cryptocurrencies (such as stablecoins RLUSD, USDT, and Ethereum) and review various price forecasts for the 2025–2030 period. The goal is to offer a balanced perspective that is accessible to newcomers while providing sufficient depth for individual investors.

Recent Supportive News

XRP has recently benefited from several positive developments that bolster its growth trajectory:

SEC Drops Lawsuit Against Ripple, Clarifying XRP’s Legal Status

SEC Drops Lawsuit Against Ripple, Confirming XRP Is Not a Security: In March 2025, the U.S. Securities and Exchange Commission (SEC) officially concluded its longstanding legal battle with Ripple Labs by agreeing to a reduced settlement fine of $50 million, without Ripple admitting any wrongdoing or liability. This significant development reinforces the landmark July 2023 ruling, explicitly clarifying that XRP tokens traded on public cryptocurrency exchanges do not constitute securities under U.S. federal law.

The resolution effectively removes major regulatory hurdles and uncertainties that previously surrounded XRP’s legal status in the United States. As a result, XRP is now positioned to operate with greater regulatory clarity and increased market confidence, paving the way for broader adoption among investors and financial institutions that were previously cautious due to ongoing legal concerns.

Ripple Launches RLUSD Stablecoin, Expanding into the Stablecoin Market

In December 2024, Ripple took a significant step forward by launching its own stablecoin, Ripple USD (RLUSD), designed to maintain a stable value pegged 1:1 with the U.S. dollar. RLUSD is notably issued across two major blockchain networks: the XRP Ledger and Ethereum, providing users with enhanced flexibility, interoperability, and access to multiple decentralized finance (DeFi) ecosystems.

Shortly after its launch, RLUSD rapidly attracted attention, surpassing a circulating supply of over $176 million within a few months. Additionally, RLUSD witnessed a remarkable 319% increase in its trading volume, reaching approximately $39.9 million. This substantial growth underscores RLUSD’s strong acceptance and indicates Ripple’s successful entry into the competitive stablecoin market, potentially complementing XRP by offering a stable, transparent, and fully compliant asset for transactions, liquidity management, and value storage.

Franklin Templeton Files for XRP ETF, Signaling Rising Institutional Interest

In March 2025, global asset management giant Franklin Templeton officially filed an application to launch an exchange-traded fund (ETF) designed to track XRP’s spot market price. This strategic move represents a notable milestone, highlighting the growing interest from institutional asset managers in diversifying cryptocurrency investments beyond established coins like Bitcoin and Ethereum.

If approved, the XRP ETF could significantly expand XRP’s appeal among traditional investors and institutional clients by providing a regulated, transparent, and easily accessible investment vehicle. This development not only validates XRP’s maturity in the digital asset space but also potentially accelerates mainstream adoption by opening XRP to broader investor participation.

Ripple Enters Crypto Custody Sector with “Ripple Custody” Trademark

In February 2025, Ripple Labs filed a trademark application for “Ripple Custody,” marking its official entry into the digital asset custody sector. This move signals Ripple’s intention to broaden its service portfolio beyond cross-border payments by providing secure, institutional-grade cryptocurrency custody solutions. The trademark filing covers software and services related to the safekeeping of digital assets, including private key management and crypto wallet infrastructure.

As regulatory clarity around crypto custody continues to improve, Ripple’s expansion into this space positions the company to better serve financial institutions, enterprises, and potentially government entities looking for compliant, secure asset storage solutions. This diversification strategy aligns with Ripple’s broader vision of becoming a multi-service infrastructure provider within the evolving digital finance landscape.

DFSA Approves Ripple’s Crypto Payments in DIFC, Expanding Presence in the Middle East

In early 2025, Ripple received a significant regulatory green light from the Dubai Financial Services Authority (DFSA), securing a license to offer regulated crypto payment services within the Dubai International Financial Centre (DIFC). This approval makes Ripple the first blockchain-based payments provider officially licensed to operate in this prestigious financial hub. The DIFC serves as a key gateway for financial services in the Middle East, and DFSA’s endorsement reflects growing regional support for blockchain innovation.

Learn more: Ripple gained licenses from DFSA, enabling activities in the UAE

With this license, Ripple can now offer its crypto-powered payment solutions—such as RippleNet and On-Demand Liquidity (ODL)—to financial institutions and businesses operating in or through Dubai. The move not only strengthens Ripple’s footprint in the Middle East but also opens new opportunities for institutional adoption of XRP as a bridge currency in cross-border transactions across emerging markets.

These developments have fostered a positive sentiment within the XRP community, reinforcing confidence in XRP’s integration into mainstream finance.

Favorable Stablecoin Market Conditions

The current market environment is conducive to the growth of stablecoins like RLUSD:

  • Stablecoin Market Capitalization Growth: As of March 2025, the total market capitalization of stablecoins reached approximately $230.45 billion, marking a 56% increase compared to the same period last year. This surge reflects the rising demand for stablecoins in transactions and value storage.
Favorable Stablecoin Market Conditions

Source: CCData, DefiLlama

  • Projections for Stablecoin Market Expansion: Analysts predict that the stablecoin market could double to $400 billion in 2025, especially if favorable legislation is enacted. Ripple’s CEO, Brad Garlinghouse, estimates that the stablecoin market could expand tenfold by 2030, reaching approximately $2.8 trillion.
  • RLUSD’s Competitive Positioning: Amid this dynamic landscape, RLUSD emerges as a formidable contender. Issued by Ripple, a reputable industry player, RLUSD targets the transparent and compliant stablecoin segment. Fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, RLUSD operates across multiple blockchains, including the XRP Ledger and Ethereum, facilitating access to diverse ecosystems. 

In essence, the burgeoning stablecoin sector provides a solid foundation for XRP and Ripple to advance their payment solutions, including On-Demand Liquidity (ODL) utilizing XRP and the RLUSD stablecoin.

Long-Term Prospects for XRP

Looking ahead, the long-term potential of XRP in 2025 and beyond will depend on whether it can truly solve real-world challenges in the global financial system. Below are some notable long-term prospects for XRP:

Role in International Payments (vs. SWIFT)

XRP was initially designed to revolutionize cross-border payments, positioning itself as a direct competitor to the outdated SWIFT system. Its key advantages lie in speed and cost efficiency—XRP transactions are completed in just a few seconds with extremely low fees, while traditional SWIFT transfers can take several days and often involve high intermediary fees.

In practice, the XRP Ledger is capable of processing near-instantaneous global transactions, making cross-border payments faster and cheaper than conventional banking infrastructure. Ripple has developed RippleNet and the On-Demand Liquidity (ODL) solution, which uses XRP as a bridge asset to enable instant settlement between fiat currencies. This allows banks and remittance providers to send money in one currency and receive it almost instantly in another, without the need for pre-funded accounts.

If, over time, XRP gains widespread acceptance among financial institutions, it could become the backbone of a next-generation global payment system, supplementing or even replacing parts of SWIFT—especially in corridors where costs are high or infrastructure is lacking.

However, competing with SWIFT is no small feat. The SWIFT network is vast and entrenched, and it too is exploring blockchain-based solutions to enhance its own infrastructure. Therefore, XRP must clearly demonstrate a superior value proposition in order to gain significant market share in this space.

Role in International Payments (vs. SWIFT)

Source: Fuze Finance

Integration with Central Bank Digital Currencies (CBDCs) in Africa and Asia

Ripple has taken a proactive role in participating in numerous CBDC (Central Bank Digital Currency) pilot projects worldwide, viewing this as a major opportunity for XRP and the XRP Ledger (XRPL). In Asia, Ripple partnered with the Royal Monetary Authority of Bhutan to pilot a digital currency for the nation. Additionally, Ripple supported the Republic of Palau in launching a national stablecoin built on the XRP Ledger.

These initiatives highlight that the XRP Ledger is well-suited for issuing and managing CBDCs, thanks to its fast transaction speed, high throughput, and strong security features.

In Africa, where there’s a significant need for low-cost and inclusive payment solutions, Ripple has explored ways to connect CBDCs to mobile money systems and digital wallets, aiming to drive financial inclusion across underserved populations.

If more developing countries in Africa and Asia choose to use the XRP Ledger as the infrastructure for their CBDCs—or as a bridge for cross-border transactions—XRP could become a liquidity bridge between national digital currencies.

Analysts believe that the ongoing wave of CBDC adoption could bring substantial benefits to XRP, provided it becomes integrated into these next-generation financial systems. To achieve this, Ripple must continue to build strong relationships with central banks and demonstrate that its network meets the stringent demands of financial regulation, security, and scalability.

Scalability and Technological Expansion: Smart Contracts and Asset Tokenization

While the XRP Ledger (XRPL) is widely recognized for its fast payment capabilities, one of its historical limitations has been the lack of native support for complex smart contracts, as seen on platforms like Ethereum. However, Ripple and the XRPL community have been actively working to expand the ledger’s capabilities.

Currently, the XRP Ledger supports custom token issuance and NFTs on-chain. In addition, two major approaches are being developed to bring smart contract functionality to XRPL:

  • EVM-Compatible Sidechain – A parallel chain that allows developers to run decentralized applications (dApps) using Solidity, the same programming language used on Ethereum. This sidechain is designed to interact with XRPL while enabling full Ethereum compatibility.
  • Hooks – A proposal to integrate lightweight smart contract logic directly onto the XRPL, allowing developers to embed conditional logic at the ledger level without requiring a separate chain.

If these initiatives are successfully implemented, XRPL would gain the ability to host DeFi applications, lending protocols, derivatives, and asset tokenization – all while maintaining the XRP Ledger’s inherent advantages of high speed and low transaction costs.


For example, tokenizing traditional assets such as real estate, equities, or commodities on XRPL could unlock new global markets, enabling near-instant settlement of trades across borders. This would position XRPL as a powerful infrastructure for the next generation of financial systems.

With Ripple’s support – including the launch of a development fund worth hundreds of millions of dollars to grow the XRPL ecosystem – investors have reason to be optimistic. The XRPL is well on its way to adapting to modern blockchain trends and extending XRP’s utility beyond payments, into the broader world of decentralized finance.

Potential Risks

While XRP has numerous growth drivers, investors must also remain cautious of the various risks that may impact its future:

Reliance on Ripple and Centralization Concerns

Unlike Bitcoin or Ethereum, which are supported by robust decentralized communities, XRP’s success has largely been tied to Ripple Labs. The company still holds a significant portion of XRP (through escrow and periodic sales) and plays a crucial role in the development of the XRP Ledger (XRPL). This dependency has led to ongoing concerns about XRP’s decentralization.

Critics have labeled XRP a “centralized cryptocurrency” or even a “security created by Ripple.” If Ripple were to face financial trouble or shift its strategic direction, the XRP ecosystem could be severely affected. Moreover, a significant number of XRPL’s validator nodes are operated by Ripple-affiliated entities, raising concerns about network control.

Ripple has attempted to alleviate these concerns by committing to decentralize the validator network and ensure transparency in XRP issuance. Still, investors should consider this concentration risk—one of the primary differences between XRP and truly decentralized projects.

Competition from Stellar (XLM), Hedera (HBAR), and Algorand (ALGO)

In the blockchain payments sector, XRP faces stiff competition:

  • Stellar (XLM): Founded by a former Ripple co-founder, Stellar has a nearly identical technical setup (around 1,000 TPS, 5-second settlement, near-zero fees) and targets the unbanked through partnerships with nonprofits.
  • Hedera Hashgraph (HBAR): Uses an alternative to blockchain called Hashgraph, theoretically supporting up to 100,000 TPS with extremely low fees (~$0.001). Hedera is governed by a council of major corporations, including Google and IBM, positioning it for enterprise and public-sector use.
  • Algorand (ALGO): A modern Proof-of-Stake blockchain with over 1,000 TPS and minimal transaction fees (~$0.0001). Algorand has been chosen for initiatives such as the Marshall Islands’ digital currency pilot, thanks to its scalability and security.

These platforms target similar use cases as XRP: fast, low-cost payments and bridging traditional finance. If XLM, HBAR, or ALGO secure major partnerships with banks or governments, XRP could lose market share. For instance, Stellar previously partnered with IBM to launch the World Wire payment network, and Algorand supports government asset issuance.

Learn more: XRP, ACH, XLM, AMP: Comparison of Payment Platforms

Even legacy systems like SWIFT are exploring blockchain-based solutions (e.g., in collaboration with Chainlink), intensifying competition. XRP must continuously innovate and expand partnerships to stay ahead.

Global Regulatory Risk

Although the SEC case in the U.S. has brought some clarity, XRP still faces a complex regulatory environment globally. Each country approaches crypto regulation differently:

  • Japan has declared XRP is not a security and actively supports its use (e.g., Ripple’s major partnership with SBI Holdings).
  • China has banned crypto trading entirely, leaving XRP with no access to that market.
  • Europe will soon implement the MiCA regulation, which requires crypto issuers to meet strict transparency and risk management standards. Ripple may need to register and comply to operate in the EU.
  • Policy Shifts: Any country tightening cross-border crypto transactions (due to AML or tax concerns) could reduce XRP’s transaction volume. Additionally, future governments—such as in the U.S.—could revert to harsher crypto policies. Central banks issuing CBDCs may even restrict the use of private cryptocurrencies.

Such regulatory developments could negatively impact XRP’s adoption and valuation globally.

Broader Cryptocurrency Market Risk

XRP’s price and liquidity remain closely correlated with overall crypto market trends and Bitcoin. If macroeconomic conditions worsen (e.g., rising interest rates, economic downturn), the market may enter a bearish cycle, pulling XRP down with it.

Even unrelated events – like the collapse of a major exchange or a stablecoin de-pegging- can shake investor confidence, triggering sell-offs across the market, including XRP.

Overexuberance can also backfire: XRP soared above $3 during the 2017 bull run only to experience a prolonged decline afterward.

Investors must accept the inherent volatility and risk in crypto. Factors such as hacking, technical bugs, or community disagreements (e.g., forks) can all harm token value. Proper risk management and portfolio diversification are essential when investing in XRP or any cryptocurrency.

Comparison with Alternative and Complementary Coins

Coin

TPS & Speed Transaction Fee Market Cap

Primary Applications

XRP ~1,500 TPS, ~3-5s ~$0.0002 ~$120B Cross-border payments, liquidity bridge
Stellar (XLM) ~1,000 TPS, ~5s ~$0.0000009 ~$9B Micro-payments, financial inclusion
Hedera (HBAR) Up to 100,000 TPS, ~5s ~$0.001 ~$8B Enterprise apps, asset tokenization
Algorand (ALGO) ~1,000+ TPS, ~4s ~$0.0001 ~$1.8B Smart contracts, DeFi, CBDC pilot
Ethereum (ETH) ~15 TPS, 1-5 minutes Variable, $ high ~$400B DeFi, NFTs, smart contracts

 

The comparison above highlights XRP’s advantages in terms of speed and transaction costs compared to most of its competitors (only theoretically surpassed by HBAR in TPS, though HBAR currently achieves only a few hundred TPS in public networks). XRP’s transaction fees are near zero, on par with Stellar and Algorand, and significantly lower than Ethereum’s. In terms of market cap, XRP ranks in the top 5, significantly higher than other payment-oriented altcoins like XLM, HBAR, and ALGO (all under $10 billion). This indicates greater adoption and liquidity for XRP.

However, each project has its unique direction: Stellar focuses on remittances and unbanked users; Hedera targets enterprise applications with a unique tech and strong governing council; Algorand emphasizes green infrastructure, is open to DeFi, and has been chosen for CBDC pilots.

Ethereum, being the most widely-used smart contract platform, doesn’t directly compete in payments but complements XRP’s ecosystem by supporting many DeFi apps that could connect to XRP (e.g., via bridges, and now RLUSD on Ethereum).

Stablecoins and Complementary Roles

Stablecoins such as RLUSD and USDT also play critical supporting roles. USDT (Tether) is the largest stablecoin used widely for trading and as a base currency on exchanges. In payment networks, stablecoins help reduce volatility in value transfers. RLUSD by Ripple complements XRP: businesses can temporarily hold value in RLUSD (a stable asset) before or after converting to XRP to benefit from lower fees.

RLUSD can also operate on the XRP Ledger, increasing transaction volume and liquidity on the network. Similarly, Ethereum complements XRP by hosting DeFi apps, NFTs, and other stablecoins (USDC, DAI, etc.). XRP benefits from this ecosystem through bridges and the EVM sidechain. Thus, XRP is not isolated—it moves alongside stablecoins and smart contract platforms to form a diverse digital finance landscape.

XRP Price Forecasts

XRP Price Forecasts

Source: TradingView

Current Technical Pattern

XRP is currently trading within a descending triangle pattern, indicating persistent selling pressure as each subsequent high is lower than the previous one, while the support zone around 2.15 – 2.20 USDT remains intact.

This pattern often signals a potential strong breakout, especially as the price range continues to narrow.

LONG Trade Setup

Entry Zone: around 1.8547 USDT

  • This is a strong support zone that has been tested multiple times since early March 2025.
  • The price is also approaching the 200 EMA – a key long-term support level that may trigger a price rebound.

Stop Loss: Below 1.7043 USDT

  • This is the final support level – a breakdown here could invalidate the long-term uptrend structure.
  • Marked as the critical reaction zone, indicating a strong support area in technical analysis.

Take Profit Targets:

  • TP1: 2.45 USDT – aligns with local resistance and the 200 EMA.
  • TP2: 2.60 USDT – meets the descending trendline.
  • TP3: 2.90 – 3.00 USDT – if the price breaks out of the descending trendline, it may confirm a new bullish trend.
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Technical Indicators

  • The EMA 20/50/100/200 are converging, indicating the current price is at an equilibrium between buyers and sellers.
  • Volume has been gradually decreasing → a sign of market anticipation before a breakout.
  • RSI and MACD are neutral, supporting the consolidation phase within the triangle.

Risks and Considerations

  • The price has not yet broken above the descending trendline, so it’s essential to wait for a confirmed breakout with volume before entering.
  • The narrowing price range suggests an imminent volatile move (either breakout or breakdown).
  • Investors should manage risk carefully, especially when entering at the support zone without clear confirmation.

Conclusion

In 2025, XRP is in a crucial position, having successfully navigated a significant regulatory obstacle, capitalizing on the growth of stablecoins and CBDCs, and preparing to fortify its position in the global payments arena. Ripple is expanding its services (RLUSD stablecoin, digital asset custody) and forging partnerships across the globe—from the U.S. and Europe to the Middle East, Asia, and Africa—laying the foundation for long-term application-driven growth.

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XDC Deep Dive https://nftevening.com/xdc-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=xdc-deep-dive Mon, 20 Jan 2025 13:28:38 +0000 https://nftevening.com/?p=145188 XDC is a hybrid blockchain platform that unites public and private ledger technologies to streamline trade finance and corporate processes. Over the past year, XDC has gained traction through new

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XDC is a hybrid blockchain platform that unites public and private ledger technologies to streamline trade finance and corporate processes. Over the past year, XDC has gained traction through new partnerships and an expanding developer community focused on real-world use cases. Its low transaction fees, fast finality, and enterprise-friendly features have set it apart in a crowded crypto landscape. This deep dive examines the token’s recent performance, technical foundations, and potential risks, offering a comprehensive look at XDC’s place in the evolving blockchain market.

XDC’s Rise and Market Position

XDC Network, formerly known as the XinFin Network, is designed to power global trade and finance with a hybrid blockchain model. By combining elements of public and private networks, XDC aims to provide businesses with a fast, low-cost platform for cross-border transactions, supply chain management, and digital payments. Over the past year, it gained traction due to partnerships and the broader crypto sector’s search for efficient alternatives to high-fee blockchains.

Recently, XDC has drawn additional attention, rallying to around $0.138 as of January 17, with a market cap exceeding $2 billion. Analysts attribute the surge to enterprise pilot programs that highlight real-world utility in trade finance operations. XDC’s co-creation with a Singapore-based foundation also fosters confidence in its international scope. 

Because of its specialized focus, XDC competes with established blockchains like Ethereum or Polkadot for enterprise adoption, but it strives to differentiate by emphasizing speed, reduced transaction fees, and regulatory-friendly features. While overshadowed at times by bigger networks, XDC’s steady push into mainstream finance underscores its potential to stand out among altcoins with tangible corporate usage.

XDC’s Rise and Market Position

Source: CoinGecko

Short-Term Price Analysis & Near-Term Targets

XDC’s recent price climb—exceeding 45% in a week—caught many traders’ eyes, especially as it outperformed some larger-cap cryptos. On the daily chart, XDC capitalized on mounting volumes and a break above a key resistance near $0.10, which triggered technical buying. The token subsequently tested the $0.15 zone before retracing modestly. Momentum indicators like RSI signaled possible short-term overbought conditions, prompting caution about a near-term pullback. 

Short-Term Price Analysis & Near-Term Targets

Source: CoinGecko

Nevertheless, renewed interest from DeFi integrations or enterprise pilot updates could sustain bullish sentiment. If XDC manages to consolidate above $0.13–$0.14, it might re-challenge $0.16 or $0.18. Conversely, a drop below $0.12 may invite heavier selling, potentially targeting the $0.10 region once more. Traders watch for any announcements that confirm widespread adoption in real-world trade finance, a factor that can further accelerate XDC’s trajectory. Although short-term volatility remains a given in the crypto market, XDC’s near-term targets revolve around maintaining newly won price levels and converting them into durable support zones.

Long-Term Outlook & Risks

From a longer-term perspective, XDC’s hybrid approach, tying private-like features with a public blockchain, resonates well with enterprises seeking more controlled environments. If successful, XDC could help transform how organizations handle contracts, letters of credit, and supply chain data. The token’s relatively low transaction fees might further fuel usage if partnerships materialize. Such traction, in turn, would bolster XDC’s network effect and potentially lift its market cap beyond mid-tier altcoin status.

Long-Term Outlook & Risks

Source: CoinGecko

However, like all crypto assets, XDC faces risks. Regulatory frameworks surrounding blockchain-based trade finance remain untested in many regions, raising concerns about compliance. Moreover, big competitors such as Ethereum, Polkadot, or specialized chains could overshadow XDC if they adapt effectively or outpace it in forging alliances with major financial institutions. 

XDC faces risks

Source: CoinGecko

The token’s price may also hinge on broader market cycles, and adoption could lag if the platform doesn’t secure critical mass among developers and corporations. Finally, the existence of countless altcoins means XDC must continuously prove its distinctive value to retain investor confidence, especially during potential market downturns.

token’s price may also hinge on broader market cycles

Source: CoinGecko

Alternatives & Complementary Coins/Tokens

Investors tracking XDC often compare it to other enterprise- or finance-focused networks such as Ripple’s XRP or Stellar (XLM). Both aim to optimize cross-border payments, though XRP has also pivoted toward bridging various use cases like on-demand liquidity, while XLM emphasizes remittances and philanthropic efforts. 

Another competitor is Quant (QNT), which offers interoperability solutions for banks and financial services, though it does not rely on a hybrid chain concept. For those seeking to diversify, you might also look into Polkadot’s parachain projects targeting enterprise-level apps, or into VeChain (VET), which specializes in supply chain tracking with proven real-world partnerships. Meanwhile, stablecoins or top-tier DeFi tokens can act as more liquidity-friendly holdings. 

Ultimately, each coin or token addresses different aspects of the enterprise blockchain puzzle. Comparing use cases, developer communities, and existing partnerships helps you gauge whether XDC stands out as a key piece or if other specialized networks align better with your goals.

Technical Breakdown

On a technical level, XDC employs a delegated proof-of-stake consensus protocol, boasting high throughput—some claim thousands of transactions per second under ideal conditions. This speed aims to support real-time data exchanges across global financial operations. By bridging public and private ledger components, XDC allows businesses to manage sensitive data in a private environment while retaining the security and transparency benefits of a public chain.

The coin’s supply, at roughly 37.9 billion tokens total, includes a portion locked for ecosystem development and enterprise adoption incentives. Observers note that effective tokenomics management will be crucial for preventing inflationary pressures that dilute the token’s value. 

XDC’s network upgrade roadmap includes potential expansions in cross-chain compatibility, plus DeFi primitives like lending or liquidity pools. From a developer standpoint, the chain provides tools that mimic popular Ethereum standards, making it relatively straightforward to port or create dApps.

Final Thoughts

XDC occupies a distinctive corner of the blockchain space, targeting enterprise-grade trade finance and decentralized data sharing. Its hybrid blockchain design, focus on real-world partnerships, and moderate fees offer a compelling narrative. In the short term, ongoing interest and bullish technicals have fueled robust gains, but the network’s long-term success likely depends on tangible user adoption in corporate or governmental contexts.

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Robonomics (XRT) Deep Dive https://nftevening.com/robonomics-xrt-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=robonomics-xrt-deep-dive Sun, 12 Jan 2025 08:36:56 +0000 https://nftevening.com/?p=144672 The Robonomics token (XRT) has captured attention thanks to its ambitious goal of uniting robots, IoT devices, and blockchain networks under one umbrella. While the project initially drew a niche

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The Robonomics token (XRT) has captured attention thanks to its ambitious goal of uniting robots, IoT devices, and blockchain networks under one umbrella. While the project initially drew a niche following, a recent spike in price and volume has put it on the radar of more mainstream crypto watchers. In this deep dive, we’ll look at how XRT found its footing, analyze the token’s performance, and discuss what might be on the horizon for Robonomics holders.

XRT’s Rise and Market Position

Robonomics was created to facilitate secure human-to-robot communication through decentralized protocols. By leveraging the Ethereum network and Polkadot-based parachains, it allows users to launch drones, operate environmental sensors, and even mint robot-generated NFTs. While these ideas may sound futuristic, Robonomics has showcased tangible achievements, such as the Distributed Sky project for autonomous drone flights and Gaka-Chu, an NFT-producing IoT robot.

Although XRT held a somewhat niche status for a while, its real-world demos have gradually expanded interest. Over the past week, the token’s price soared over 100%, pushing its market cap beyond $10 million. The surge corresponds with increased liquidity on Uniswap V3, prompting some speculation that institutional or well-heeled supporters see deeper value in bridging physical robotics with trustless transaction layers.

Still, it’s important to note that the overall XRT supply is relatively small, and daily trading volumes can remain modest. This dynamic can lead to quick price spikes but also steep declines. Observers believe that if Robonomics keeps demonstrating viable use cases—especially for drone logistics and environmental monitoring—XRT could transition from an experimental robotics token to a recognized digital asset with broad utility. Success, however, will ultimately depend on the project’s ability to sustain adoption and technical progress.

Short-Term Price Analysis & Near-Term Targets

Short-Term Price Analysis & Near-Term Targets

Source: GeckoTerminal

Looking at XRT’s short-term price charts, the token’s recent upswing began around the $2.00 mark, accelerating quickly to touch highs above $5.00 before retracing somewhat. This rally was accompanied by higher-than-usual trading activity, as measured by volume spikes on Uniswap. On daily time frames, momentum indicators like RSI climbed into overbought territory, suggesting a cooldown might be healthy.

XRT’s short-term price charts

Source: GeckoTerminal

Key immediate supports hover near $3.50–$3.80, where buyers previously stepped in. If the price holds above these areas, XRT could attempt another breakout toward $5.50 or even $6.00 if bullish sentiment returns. However, a decisive fall below $3.50 might trigger further correction to the $2.75 range.

Key immediate supports hover near $3.50–$3.80

Source: GeckoTerminal

Given how news of real-world IoT integrations can quickly shift sentiment, short-term traders often track Robonomics’ social channels and product announcements. A significant new partnership or demonstration could fuel another price leg up, whereas delays or technical setbacks might dampen the token’s near-term prospects.

Long-Term Outlook & Risks

Robonomics stands apart by focusing on a relatively untapped area: enabling blockchain-based interactions for drones, sensors, and autonomous robot operations. If its technology matures, XRT may see increased enterprise adoption, especially from sectors like environmental science and logistic automation. Moreover, Polkadot’s multichain structure could grant Robonomics cross-network appeal if it achieves smooth interoperability.

That said, the project’s niche approach also introduces risks. Competition from other IoT-focused tokens, uncertain regulatory stances on drone usage, and the practical complexity of bridging blockchains with real-world robotics can impede growth. Additionally, market cycles remain volatile—no matter how compelling the tech, a broader crypto downturn might overshadow incremental achievements.

As is the case with many other specialized tokens, maintaining consistent developer momentum and forging tangible partnerships will be crucial. Should XRT demonstrate that its decentralized architecture truly solves real-world automation challenges, it may evolve into a recognized player. Otherwise, it risks fading as a more speculative blockchain curiosity.

Alternatives & Complementary Coins/Tokens

Those intrigued by the IoT or real-world integration side of crypto might also consider tokens like IOTA or VeChain. 

IOTA focuses on microtransactions for IoT devices through a blockless architecture, promising zero-fee data transfers at scale. Meanwhile, VeChain emphasizes supply chain management, tracking goods via NFC or RFID chips in an attempt to eradicate counterfeiting.

If you prefer a more general approach, Polkadot and Cosmos facilitate cross-chain communication and decentralized application development, potentially serving as complementary ecosystems where Robonomics could thrive. 

When it comes down to it, evaluating these alternatives requires understanding how each coin addresses specific real-world needs. In some cases, solutions can overlap or interoperate, amplifying the synergy between different infrastructure tokens and specialized IoT or robotics projects like Robonomics.

Technical Breakdown

On a multi-week chart, XRT had been trending sideways between $1.80 and $2.50 for some time, indicating accumulation in that zone. Once it broke past $2.75–$3.00 with rising volume, the token rapidly advanced, forming tall green candlesticks on the daily timeframe. Bollinger Bands expanded, confirming heightened volatility and investor interest.

Technical Breakdown

Source: GeckoTerminal

Still, the chart reveals historical overhead resistance around $4.50–$5.00, previously tested in mid-2024. The recent pullback from $5.10 indicates possible profit-taking at that zone. Shorter intervals, such as the 1-hour and 4-hour charts, show occasional bull flags and consolidation steps, normal in a fast-moving asset.

Moving averages—especially the 50-day simple moving average—recently turned upward, reinforcing a possible shift from accumulation to an emerging uptrend. However, sudden volume drops or a broader market pullback could undermine this bullish structure. For risk management, watchers often place stop-losses slightly below each consolidation floor, ensuring they lock in gains if XRT retraces swiftly.

Moving averages—especially the 50-day simple moving average

Source: GeckoTerminal

Final Thoughts

Pushes boundaries by combining robotics, IoT, and blockchain. Its recent price performance underscores growing curiosity, but sustaining momentum demands steady technical milestones and real-world usage. With the token bridging niche automation needs, supporters see vast potential, yet caution is wise given the market’s volatility. As always, thorough research and a measured approach are key to navigating XRT’s future.

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Pepe Deep Dive https://nftevening.com/pepe-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=pepe-deep-dive Sat, 04 Jan 2025 08:18:01 +0000 https://nftevening.com/?p=144424 Pepe ($PEPE) arrived on the scene as a meme coin, yet it quickly established an impressive following and a sizable market cap. Through social media buzz and playful branding, the

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Pepe ($PEPE) arrived on the scene as a meme coin, yet it quickly established an impressive following and a sizable market cap. Through social media buzz and playful branding, the token surged past several more conventional projects. In this deep dive, we’ll examine how PEPE secured its position, analyze its price performance, and explore both the risks and the potential for continued success in a rapidly changing crypto space.

$PEPE’s Rise and Market Position

$PEPE is a meme coin built around the iconic frog meme, aiming to transform a satirical concept into a tradable digital asset. At first glance, its playful image may seem like a novelty, yet it has grown substantially since launching in April 2024. Currently, the token holds a market cap near $9 billion, backed by an active community that shares memes, promotional events, and regular social media campaigns. Its presence on exchanges like OKX and Bitget further adds liquidity and awareness.

Pepe’s circulating supply sits at 420.69 trillion tokens, echoing its meme-centric branding, while the total and max supply are also set at the same number. Despite the lighthearted approach, many investors watch PEPE’s performance carefully, noting it has managed to climb into the top 30 or so of coin rankings on various tracking platforms. This performance often parallels hype cycles seen with older meme coins such as Dogecoin or Shiba Inu.

$PEPE’s Rise and Market Position

The coin’s trajectory highlights how digital assets can leverage internet culture to reach significant valuations in a short period. Loyal holders frequently cite memetic appeal as a driving force behind its sustained popularity. Still, critics argue that PEPE’s value rests on community speculation rather than tangible utility, a fact its creators admit and are completely transparent about.

pepe is a meme coin

Short-Term Price Analysis & Near-Term Targets

In recent days, PEPE’s price fluctuated between $0.0000201 and $0.0000218, reflecting a nearly 5% daily rise. This short-term increase aligns with spikes in daily trading volume, which hovers near $2 billion, suggesting vigorous market activity. Analysts see the potential for further movement if bullish sentiment persists, though meme coin volatility can intensify rapid sell-offs once enthusiasm fades.

Short-Term Price Analysis & Near-Term Targets

Source: CoinGecko

Some watchers point to possible near-term resistance around the $0.000022–$0.000025 level. Breaking above that range might ignite a short squeeze or signal broader momentum, given the strong community presence on social platforms. However, traders should stay vigilant of sudden pullbacks, as meme coins can produce outsized price swings with minimal warning.

From a technical perspective, rapid volume surges can lead to overbought indicators on short timeframe charts, hinting that caution is prudent. Nevertheless, ongoing promotions and collaboration efforts by PEPE supporters may sustain the token’s upward push. In the near term, whether the coin drifts sideways or tests new resistance levels will likely hinge on continuous market hype and positive social media engagement.

Long-Term Outlook & Risks

PEPE’s rapid ascent showcases how meme-driven enthusiasm can propel a token into multi-billion dollar territory, but questions remain about its staying power over time. While early backers often reap quick gains, long-term sustainability is less certain. Some observers expect that as more investors seek entertaining, community-oriented projects, PEPE’s irreverent branding and ongoing marketing efforts could retain considerable support. Also, the possibility of expanding its feature set—such as adopting staking or adding basic governance functions—might help the token move beyond meme status.

Long-Term Outlook & Risks

Source: CoinGecko

Still, several risks could undermine PEPE’s future. Regulatory tightening around meme coins and tokens with minimal utility is one potential threat, especially if authorities seek to protect retail investors from sudden market swings. Internal community rifts can also derail momentum, particularly if key supporters or promoters lose interest. 

Volatility is another concern since a single wave of negative social media sentiment can trigger steep sell-offs, erasing gains in hours or minutes. Ultimately, PEPE’s long-term health hinges on delivering enough updates or ancillary projects to keep holders engaged and maintain liquidity. Without concrete development plans, the token could struggle once market novelty fades.

Alternatives & Complementary Coins/Tokens

Investors intrigued by PEPE’s meteoric rise but wary of its meme-centric model can explore a variety of alternatives. For those who appreciate playful branding, Fartcoin (FART) offers similar humor-driven marketing but emphasizes community-led promotional strategies. Meanwhile, established meme coins like Dogecoin (DOGE) or Shiba Inu (SHIB) have larger ecosystems and more robust liquidity, albeit with somewhat slower potential growth.

Beyond meme coins, gaming-focused tokens such as Gala (GALA) cater to users seeking tangible in-game utility, bridging blockchain assets with popular titles. Projects incorporating social engagement or metaverse elements also present parallel opportunities, with tokens like Decentraland’s MANA or The Sandbox’s SAND offering unique interactive experiences. These assets benefit from diverse user bases and real-world use cases, mitigating the volatility that purely speculation-driven tokens sometimes face.

Technical Breakdown

From a technical standpoint, PEPE’s blockchain activity often shows high volatility and short-lived rallies. Chart analysts note that its price has exhibited sudden spikes, occasionally forming parabolic advances followed by deep pullbacks. Such patterns are common in meme coins that depend on community sentiment rather than fundamental utility. When volume surges, it can drive overbought readings on shorter time frames, causing indicators like RSI or MACD to flash cautionary signals.

Despite these swings, PEPE has managed to maintain steady liquidity on exchanges, aided by robust listing support. Observers highlight pivotal support zones near the token’s historical average cost basis—often around 30–40% below its most recent peak. Breaching these levels can spark further sell-offs, but successful rebounds from those zones may trigger a new wave of speculative buying.

With all that in mind, any sort of precise technical analysis holds as much weight as shaking a magic 8-ball. This is the definitive meme coin, and so your strategy should reflect similar energy. Think: lots of emojis, diamond hands, rocket ships, moons, tendies, and more. Buy and HODL forever because, well, because: Pepe.

Final Thoughts

PEPE’s climb offers a reminder that enthusiastic communities can drive significant valuation gains—even if underlying utility is limited. Whether it evolves into a more multifaceted project or remains a meme coin at heart, PEPE underscores the powerful role of social engagement in crypto. For investors eyeing this token, diligent risk management and awareness of market sentiment are essential. If meme culture and timely innovation persist, PEPE may continue capturing headlines in the months ahead.

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Fartcoin Deep Dive https://nftevening.com/fartcoin-deep-dive/?utm_source=rss&utm_medium=rss&utm_campaign=fartcoin-deep-dive Sun, 29 Dec 2024 03:55:47 +0000 https://nftevening.com/?p=144040 Fartcoin began as a humorous meme token on the Solana blockchain but has swiftly soared to unexpected heights. Within just two months of its October 2024 launch, this “all gas

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Fartcoin began as a humorous meme token on the Solana blockchain but has swiftly soared to unexpected heights. Within just two months of its October 2024 launch, this “all gas no brakes” coin captured the attention of degen traders and mainstream media alike, boasting a market cap that topped $1 billion. Its whimsical branding, bolstered by viral jokes and memes, helped propel the token into the top ten meme coins by market valuation. 

Now flirting with key price targets above $1, Fartcoin epitomizes the power of viral social media and community hype in driving rapid crypto adoption. In this deep dive, we’ll explore the token’s sudden ascent, short- and long-term outlook, and the key factors that keep it in the spotlight.

Fartcoin’s Rise and Market Position

Few coins embody the unpredictability of meme culture like Fartcoin. Launched with little fanfare, it relied on irreverent humor and a “fart-powered” transaction model to spark curiosity. Within weeks, mainstream media coverage from outlets like Fortune and NBC drew further attention, sending its market cap past $1 billion faster than many established tokens. This propelled Fartcoin into the conversation as one of the top ten meme coins, sitting beside household names like Dogecoin and Shiba Inu.

Investor enthusiasm surged in part because of heavy social media promotion and comedic marketing set Fartcoin apart from more serious projects. At the same time, its rising trading volume signaled genuine demand, not just fleeting speculation. Despite its lighthearted branding, Fartcoin’s viral success hints at a deeper meme coin phenomenon: community-driven tokens with limited utility can still generate immense momentum and achieve staggering valuations in surprisingly short timeframes.

Short-Term Price Analysis & Near-Term Targets

Fartcoin recently surged to an all-time high near $1.30 before retracing to about $0.58, underscoring its capacity for swift price swings. However, it regained momentum and climbed back above $0.90, reflecting renewed buying pressure. 

Short-term indicators suggest that bulls are still in control: trading volume remains robust, and Fartcoin continues to attract a stream of new holders, many of whom are lured by its comedic branding and viral memes. On the technical side, Fartcoin’s 50-day simple moving average is ascending, indicating bullish sentiment. The relative strength index also reads comfortably above the midpoint, implying there is still room for additional gains before overbought conditions set in. 

Short-Term Price Analysis & Near-Term Targets

Source: GeckoTerminal

Analysts note that holding the line at $0.87, a recent support level would bolster the argument for a push toward $1.30, even potentially to $1.50 or $2.00 if momentum accelerates. On the other hand, a decisive break below $0.65 might signal a deeper correction, especially if broader market sentiment turns risk-off. Still, in a meme-driven market, fundamentals can be secondary to social media buzz, making every spike an opportunity but also amplifying volatility risks.

Short-Term Price Analysis & Near-Term Targets

Source: GeckoTerminal

Long-Term Outlook & Risks

Fartcoin’s meteoric rise is a testament to its meme power and a devoted community, but its long-term prospects are less certain. Like many meme coins, Fartcoin lacks a tangible utility or distinctive use case beyond entertainment, which makes sustained growth heavily reliant on continuous social media engagement. If the hype wanes or new regulatory pressures emerge, Fartcoin’s valuation could see a substantial retracement.

Regulatory dynamics also cast a shadow over the broader meme coin ecosystem. Crackdowns on projects deemed too risky or lacking transparency could curb Fartcoin’s expansion. The coin’s comedic, irreverent branding helps it stand out, but it also underscores the inherent volatility of relying on cultural trends.

Alternatives & Complementary Meme Coins

While Fartcoin’s performance has captured headlines, other emerging meme tokens are also vying for a share of the spotlight. One standout is Wall Street Pepe ($WEPE), a Web3 project that raised over $35 million in just three weeks of presale. By offering insider trading strategies, alpha calls, and community-driven insights, WEPE seeks to empower its holders to become more informed market participants.

Another intriguing new entrant is the Meme Index ($MEMEX), a platform that bundles various meme coins into managed “baskets.” These baskets—ranging from mainstream tokens like Dogecoin and Shiba Inu to newer, high-risk picks—let users diversify their exposure across multiple meme coins in one go, similar to ETFs. MEMEX token holders can also stake their tokens to earn high APYs, all while voting on which coins get added to future baskets. This governance element ensures that community sentiment shapes the ecosystem’s evolution.

Technical Breakdown & Elliott Wave Perspective

From a technical standpoint, Fartcoin’s price action suggests an evolving Elliott Wave structure. After achieving a record high of around $1.30, it underwent a steep correction, dipping to roughly $0.58 before quickly rebounding. This swing implies the start of a new impulse leg, possibly Wave 5, although some analysts believe the token may still be finishing a corrective phase.

Technical Breakdown & Elliott Wave Perspective

Source: GeckoTerminal

The token’s hourly chart shows an impulsive climb that paused near its all-time high. Despite encountering resistance around $1.30, bulls managed to regain momentum from the lower levels.  The RSI was only in the overbought territory for a short period before pulling back. If Fartcoin breaks through its peak cleanly, it could aim for the mid-$1 range or higher.

Technical Breakdown & Elliott Wave Perspective

Source: GeckoTerminal

On the flip side, if sellers assert control again, the $0.70–$0.80 region might be viewed as a buffer for an ABC correction. A strong drop below $0.70 could open the door to more sustained bearish action. Nevertheless, momentum remains skewed to the upside as long as Fartcoin’s wave structure stays intact and social media hype continues. For now, the key question is whether Fartcoin can establish a stable base above $1.00 long enough to mount another challenge on its historic high.

Technical Breakdown & Elliott Wave Perspective

Source: GeckoTerminal

Final Thoughts

Fartcoin’s leap from quirky newcomer to top-tier meme coin underscores how easily humor and viral buzz can catapult tokens in today’s crypto landscape. Its short-term charts hint at ongoing upside potential, yet long-term stability remains uncertain without tangible utility. As hype-driven projects keep emerging, investors must weigh both the allure of explosive gains and the dangers of rapid declines. Whether Fartcoin claps or squeaks, it perfectly embodies the unpredictability of meme coin culture. 

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