Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs. 

Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits in the last seven days. Blue-chip NFT collections like Pudgy Penguins, Bored Ape Yacht Club (BAYC) and Doodles were among the hardest hit.

Pudgy Penguins, the top NFT collection by 24-hour and 7-day volume, saw a 17.3% drop to a 10.32 Ether (ETH) floor price. BAYC shed 14.7% to 9.59 ETH, while Doodles recorded one of the sharpest corrections, dropping 18.9% to 0.73 ETH. Other major collections like Moonbirds and Lil Pudgys dropped 10.5% and 14.6%, respectively.

The NFT floor price drop followed a sharp ETH retracement after hitting new all-time highs. On Monday, CoinGecko data showed that ETH reached a new all-time high of $4,946. ETH dropped 12% on Tuesday to $4,342 before recovering slightly. At the time of writing, the crypto asset traded at $4,433.

CryptoPunks remain resilient despite the market crash

While many collections suffered heavy losses, not all NFT projects were in retreat. CryptoPunks, which remained the top NFT collection by market cap, showed relative resilience, dropping only 1.35% over the week. 

Despite the top collections showing floor price declines, trading volumes remained high. Throughout the week, Pudgy Penguins led the market with about 2,112 ETH (about $9.36 million) in trading volume. The collection was followed by Moonbirds, with 1,979 ETH ($8.77 million). 

CryptoPunks followed closely with 1,879 ETH (about $8.33 million) in volume, while BAYC had 809 ETH ($3.59 million). 

Related: 3D-printed housing company adopts Bitcoin, NFTs in blockchain pivot

NFT market capitalization drops to $7.7 billion

While blue-chip NFTs suffered double-digit declines, the broader NFT space also dropped almost 5% to $7.7 billion, according to data aggregator NFT Price Floor. 

On Aug. 13, NFT Price Floor showed that the overall NFT market capitalization peaked at $9.3 billion, up 40% from July’s $6.6 billion. The surge was fueled by an increase in NFT activity following an ETH surge. 

On Aug. 18, the NFT market cap dropped further to $8.1 billion, wiping out $1.2 billion from digital collectible valuations. 

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]]> https://earlybirdsinvest.com/blue-chip-nfts-sink-double-digits-as-eth-retreats-from-record-highs/feed/ 0 55187 https://earlybirdsinvest.com/xrp-to-hit-8-no-double-digits-this-cycle-warns-crypto-analyst/ https://earlybirdsinvest.com/xrp-to-hit-8-no-double-digits-this-cycle-warns-crypto-analyst/#respond Mon, 28 Apr 2025 13:13:47 +0000 https://earlybirdsinvest.com/xrp-to-hit-8-no-double-digits-this-cycle-warns-crypto-analyst/

Chart technician “Charting Guy” told his audience that XRP’s current four-hour structure suggests a measured climb toward a cycle peak near $8—yet nothing higher. Displaying a BITSTAMP four-hour chart overlaid with multi-sigma deviation bands, he wrote that XRP is “over this standard deviation and we likely move up quickly to the next one at the $3 area, then one around $4.20 and the last one at the top around $8… coincidently my main target this cycle.”

No Double Digits For XRP This Cycle

The analyst’s tone turned caustic when addressing hopeful forecasts for double- or triple-digit prices. “To all the people saying $8 isn’t high enough,” he said, “please throw your brain in the dryer after it got washed by all these influencer moonboys.” He argued that a move from last cycle’s capitulation low near $0.28 to $8 already implies a 2,757% advance. “Imagine not taking at least some profit lol,” he added, warning that fixation on outlier targets had trapped retail investors in every prior top.

Charting Guy conceded that valuations beyond three digits are theoretically possible “if they completely achieve their goal,” referencing Ripple’s long-term ambitions in cross-border settlement and CBDC plumbing, yet he insisted that such a scenario is “absurd” for the current market phase. “It’ll likely take a few decades for all that to play out,” he wrote. “Influencer moonboys who know nothing have been saying these things for 10 YEARS and look at the chart. It’s at $2.23 right now.”

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His broader technical read remains constructive. In a slew of follow-ups he highlighted that XRP is “holding monthly Tenkan and Kijun perfectly,” “fighting between Kijun and Tenkan on weekly Ichimoku Cloud,” and has “held weekly EMA Ribbon perfectly” as well as the weekly Supertrend. Those confluences keep the medium-term structure intact, he implies, even if short-term volatility remains. On the daily timeframe he cautioned that XRP “broke out of channel, might come back to retest,” a move that—by his chart—could drag price briefly below $1.90 before the anticipated climb resumes.

For Charting Guy, the disciplined approach is to respect those levels rather than chase grandiose numbers. “That lack of understanding will make these people miss bull-cycle tops and ride it down −50 to −90 percent every cycle when they can trade a big chunk of their bag each cycle and quit their 9-5 sooner,” he said. “I just try my best to be realistic and help people based on actual data in the charts, not some fairy tale a YouTuber told me.”

Related Reading: XRP Will Print A New All-Time High If This Happens: Analyst

While his $8 ceiling may disappoint the most fervent XRP believers, the target—if hit—would still mark the highest price in the token’s history and a near-thirty-fold return from the bear-market lows. For now, traders watching the four-hour deviation bands will be looking first for confirmation of a push through $3, then $4.20, as the analyst’s path to eight dollars begins to unfold.

At press time, XRP traded at $2.33.

Featured image created with DALL.E, chart from TradingView.com

A well-known market analyst says some investors are giving up on XRP too soon, even though they predict a big price rise this year. Vandell Aljarrah, who helped start Black Swan Capitalist, can’t believe the ongoing pressure to sell XRP, which has kept the cryptocurrency trading below $2.50.

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In a statement on social media, Aljarrah spoke against the trend to sell and urged investors to stay strong, especially as the legal fight between Ripple and the SEC is about to end. He thinks the altcoin is set for big growth in 2025, with the chance to reach double-digit prices before the year ends.

XRP will reach double digits this year.

I can’t believe people are selling now.

— Vandell | Black Swan Capitalist (@vandell33) March 21, 2025

Ripple’s Legal Win Brings Hope

XRP’s recent price changes have been driven by good news in Ripple’s ongoing legal fight with the US Securities and Exchange Commission (SEC). Earlier this month, Ripple CEO Brad Garlinghouse shared that the SEC had stopped its appeal against the company, a move that quickly lifted XRP’s price by 10% on March 21.

However, the excitement didn’t last, as XRP saw a drop the next day. The price fell back below $2.50, causing panic selling among some investors. Market watchers have criticized these sell-offs, with one commentator calling the sellers “paper hand whales” who can’t wait out tough times.

they just love liquidating some $XRP fam. we can’t go a bit higher without some paper hand whales selling.

anyways, more XRP for me. pic.twitter.com/dBP8txPx7h

— Oscar Ramos (@realOscarRamos1) March 21, 2025

XRP’s History Of Price Jumps

Despite the recent drops, XRP has a history of quick price jumps. Between November 2024 and mid-January 2025, the cryptocurrency soared by 550%, climbing from $0.50 to $3.40, its highest price in seven years. Even though the market corrected since, this performance has raised confidence in XRP’s long-term potential.

Aljarrah is not alone in his positive view. Other analysts also made bold predictions for XRP. Alex Clay, for example, previously said that XRP would go up to $8 and then $10. Another analyst, EGRAG, shared these views recently, aiming for similar price targets.

Double-Digit Predictions Get Attention

The thought of XRP reaching double-digit prices is catching on among industry experts. Aljarrah suggested that the cryptocurrency could go beyond $10, maybe reaching as high as $13 or $18. These targets would need a big rise from XRP’s current price of $2.42.

For XRP to reach $10, its value would have to go up by over 300%. To get to $13, it would need a 430% increase, while an $18 price would need a huge 640% rally. While these numbers seem big, some analysts think they are possible, especially if market conditions get better.

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Investors Urged To Hold On

Reports say some XRP holders are selling because of financial issues. Aljarrah knows these challenges but asks investors to stay strong, stressing that patience is key to success in the long run. His words come as the crypto market deals with doubt amid bigger economic worries.

At the moment, XRP is trading at $2.41, down 1.20% in the last 24 hours. As the market keeps changing, analysts and investors alike will keep a close watch to see if XRP can hit its big targets in the coming months.

Featured image from Gemini Imagen, chart from TradingView

Crypto analyst SIDEC has increased the likelihood of Solana Price Drops into two digits. Analysts have revealed key levels of monitoring entries as market participants are preparing for this major crash.

As Solana prices drop to double digits, the main levels to watch

in TradingView PostSIDEC highlighted the $136-$143 range as the main zone of resistance for Solana Price. Meanwhile, he said it was between $102 and $98. Main Support Zonesindicating that there is a risk of immediately dropping to double digits if SOL cannot maintain this support zone.

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Analysts noted that it has been a slow trend over the past five days after Solana Price hit a low for $112. He added that the current price action looks like this ABC correction patternwhich means Sol is set up at a lower price. While hinting at a critical level for monitoring entries, he pointed out that placing orders at key levels would help increase the likelihood that they will catch the right move without overcommitting too quickly.

He then discussed the $136-$143 resistance zone. Crypto analysts said: Solana Price Because the area contains multiple technical confluences, it can be difficult within that range as it suggests a potential inversion or a strong response. So SIDEC said this range is a major area to consider short positions, especially when prices begin to show weakness.

Meanwhile, SIDEC has revealed that the main demand zones have been formed between $102.1 and $98.50 on the negative side of Solana prices. He said the zone has multiple technical confluences, making it a high-intensity long entry area. Analysts added that the zone offers a robust, long opportunity to gradually scale into position as prices support them more deeply.

Sol’s Market Outlook

SIDEC said there will be a short bias until Solana Price regains $143.80. This level is a strong resistance zone. Potential short deals. For market participants looking to enter short positions, analysts said that being led into a resistance zone will ensure improved risk management and improved entry efficiency.

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Meanwhile, due to the long setup, analysts said that a smaller at $112 and increasing the position size to $98.50 ensures strong positioning in the high conflict demand zone. He added that expanding to trade, rather than committing at a single price, will provide greater flexibility, improve trade execution, and help market participants adapt to the price movement.

With further discussion of Solana’s price action, Sidec noted that its $100 goal was consistent with 200. Exponential Moving Average (EMA) In the weekly time slot, you will join this strong support.

Analysts also said that if Solana Price breaks decisively above $144, it would invalidate the short paper and suggest a higher potential move towards $150. Meanwhile, a strong rejection from the resistance zone could accelerate the move to $112 to test demand when the swing is low.

At the time of writing, Solana’s prices are trading at around $128, down more than 4% over the past 24 hours. data From CoinMarketCap.

ISTOCK featured images, charts on tradingView.com