The crypto market is experiencing a surge, with Bitcoin nearing its all-time high and most altcoins enjoying double-digit gains from recent lows. Bitcoin’s price has soared past $104,000, and analysts predict further increases from major players like BlackRock and Ark Invest. Bitcoin also displays bullish signals through a cup-and-handle pattern, suggesting potential targets of up to $142,000. ,
This positive momentum is expected to propel other altcoins higher, particularly Sui (SUI), Polkadot (DOT), and Ripple (XRP).
**Sui (SUI)**:
The fast-growing Layer-1 blockchain, Sui, has seen a significant increase in its value locked, surging 67% in the past 30 days to $2.9 billion. This growth is fueled by an expanding meme coin ecosystem, and technical analysis indicates more upside potential. The Elliott Wave theory forecasts that Sui will continue its bullish trend, potentially reaching the all-time high of $5.2382 (a 30% increase from current levels). A move above resistance could trigger further gains, potentially to $10 if the bull run continues.
**Polkadot (DOT)**:
Polkadot’s success is driven by strong technical indicators and ongoing development. The weekly chart reveals a quadruple bottom formation with support at $3.50, suggesting potential for a move towards $11.50, an increase of roughly 120% from its current price. This progress aligns with Polkadot 2.0’s transition to the more advanced version and ongoing efforts towards elastic scaling.
**Ripple (XRP)**:
As part of this bullish cycle, XRP is positioned for gains driven by both strong technical indicators and fundamental catalysts. The Elliott Wave structure confirms a fifth wave formation. A triangle pattern preceded by the fourth wave has shifted into a bullish pennant, widely recognized as a continuation pattern. A break above the upper pennant boundary indicates a likely surge towards its year-to-date high of $3.40, potentially hitting even higher levels.
**XRP also benefits from strong fundamentals**, fueled by the anticipation for an XRP spot ETF approval, emerging meme coin projects, and ongoing development of the XRP Ledger.