The crypto markets appear to have revoked the prevailing bearish influence that circulated due to the uncertainties surrounding geopolitical factors. However, the unchanged inflation rates and the positive comments of the Fed Chair have reinstated confidence among the market participants. As a result, the Bitcoin price marked a local high above $87,000 and the Ethereum price managed to secure $2000. With this, the altcoins have begun to swell and some among them are on their way to form a new ATH.
The latest rounds of the SEC dropping the lawsuit against Ripple have circulated bullish waves across the markets. It is considered a huge win for the crypto markets, which may further pave the way for an XRP ETF, attracting significant volume onto the platform. The XRP price is withstanding the bearish pressure after hitting $2.59, which suggests the bulls have gained control and hence may continue to form higher highs and lows. XRP price is currently 27.9% away from its ATH and hence the rise above $3 could validate a strong rise towards a new ATH.
Mantra (OM) is emerging as a new competitor to Chainlink (LINK) in the increasing world of Real-World Assets (RWA). The Mantra ecosystem has been expanding rapidly, with strategic partnerships exceeding $1 billion. Currently, the OM price is experiencing bearish heat but is just 23.9% away from its ATH at $8.99. The price has maintained higher highs and lows since the start of the year and hence is believed to revamp a strong rally and reach a double-digit figure soon.
The Story token began its trading journey facing a significant bearish heat, but the bulls soon took over the rally and revived a strong upswing. Since then, the price has been maintaining an ascending consolidation and after reaching the apex of the accumulation phase, the IP price is expected to trigger a breakout towards new highs. The price is currently, 24.1% away from its ATH, which is around $7.31. Therefore, a rise from the current consolidation may trigger a strong upswing to $10 soon.
Since the start, the Tron price has maintained a strong ascending trend. As a result, the price marched high to mark a new ATH at $0.33 before the end of 2024. After a magnificent upswing, the bulls seem to cooling off. As the accumulation phase reaches its apex, the price is expected to trigger a strong rebound and head towards its ATH, which is 46% away. Hence, the TRX price is expected to rise above $0.43 and reach $0.5 and trade strongly within the discovery phase.
After remaining consolidated for over a few years, the Bitget Token price triggered a massive upswing and marked a new ATH before the end of 2024. After a small correction, the price has begun to head towards the upper resistance, halting the descending trend. The BGM price is below its ATH by 43.5% and the current price action suggests a strong continuation of an ascending trend, marking a new ATH above $10.
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