Crypto & Blockchain Daily Brief Monday, March 25, 2024

The article discusses the price predictions for Cardano (ADA) and XRP in the cryptocurrency market as of March 24th. For Cardano, the analysis suggests that the price is facing resistance near the $1.20 level, and a break above this level could lead to a strong upward movement towards $1.30 and $1.40. On the downside, if there is a decline, the support levels to watch are $1.10 and $1.00. In terms of XRP, the price is currently consolidating above the $0.50 support level. The article predicts that if XRP breaks above the $0.55 resistance level, it could start a fresh increase towards the $0.60 and $0.62 levels. On the other hand, if there is a downside break below $0.50, the price might decline towards the $0.45 support level. The article emphasizes the importance of key levels such as $1.20 for Cardano and $0.55 for XRP, as breaking these levels could determine the direction of the price movement. It also mentions that the overall trend for both cryptocurrencies is positive, with Cardano showing strong bullish signs and XRP consolidating in a positive zone. In conclusion, the article provides a technical analysis of the price movements for Cardano and XRP, highlighting key support and resistance levels to watch. It suggests that both cryptocurrencies have the potential for upward movement if they are able to break above crucial resistance levels.

Luke Gromen, a macro expert, is extremely bullish on Bitcoin for the next six to twelve months. He believes that there are several factors that will drive the price of Bitcoin upwards during this period. Gromen points out that central banks around the world are printing money at unprecedented levels, leading to currency devaluation and inflation. This will likely drive investors towards assets like Bitcoin, which is seen as a hedge against inflation. Additionally, Gromen highlights the fact that Bitcoin's supply is capped at 21 million coins, making it a scarce asset in comparison to fiat currencies that can be printed endlessly. This scarcity factor, combined with increasing demand, will push the price of Bitcoin higher in the coming months. Gromen also mentions the potential for increased adoption of Bitcoin by institutional investors and corporations, which could further drive up its price. He believes that as more institutions and companies start to hold Bitcoin on their balance sheets, it will legitimize the cryptocurrency as a store of value and lead to increased demand. Overall, Gromen is optimistic about Bitcoin's prospects in the short to medium term, citing macroeconomic factors, scarcity, and growing institutional adoption as key drivers for its price appreciation.