- Ethereum (ETH) is expected to surge to $ 4,000 in the near term, following its current consolidation phase.
- Pi Network (Pi) and XRP are also reported to be ready for a “god candle” to lead the much-anticipated bull market.
The total crypto market valuation has surged by 0.82% to $3.37 trillion, with Bitcoin (BTC) alone contributing $2.16 trillion. According to CoinMarketCap data, the Altcoin Index has also moved to 28/100 while the top 100 largest cryptos by market cap cumulatively record a price gain of 0.79%.
With the bull run just around the corner, analysts have predicted that a massive green candlestick, also referred to as the “god candle,” could develop on three main coins, namely Pi Network (Pi), Ethereum (ETH), and XRP.
Pi Network Price Analysis
Pi Network (Pi) has, despite its blurry outlook, made the list of popular assets that could record an explosive surge this cycle. As noted in our recent report, its potential listing on Binance could fuel the price above its all-time high of $2.9. To some analysts, Pi could rise to $10 or even make an explosive run to $314.
Confirming the possible impact of the potential Binance listing, a page dedicated to Pi news, Pi UpdatesDaily, highlighted that strong community support would position the price between $10 and $50. When the asset goes mainstream, the price could trade between $50 and $100.
A historic listing could also position Pi between $100 and $314. Once it becomes the future of decentralized finance, Pi could trade above $314.
Ethereum (ETH) Price Analysis
According to Analyst Alek, ETH could hit $4000 by August 2025. His reason is based on the rising institutional demand for the asset. As mentioned in our previous news brief, the largest publicly owned holder of ETH, SharpLink Gaming (SBET), recently disclosed that it is switching from Bitcoin mining to Ethereum Treasury.
Another analyst has also predicted that ETH could imitate the 2017 cycle, where the price surged by 25,000%. As explained in our last analysis, the asset moved from $6 to $1400 at that time. According to analyst Michaël van de Poppe, ETH is currently in the “consolidation phase and is ready for a god candle.”
At press time, ETH was trading at $2,600 after surging by 1.7% in the last 24 hours.
XRP Price Analysis
Popular trader Mikybull has predicted that XRP is gearing up for a ”god candle.” According to this analyst, the asset appears to be following a 2017 playbook on its three-week time frame. A validation of this could send the price to $14 as discussed in our earlier report.
Per our observation, the price could also be largely affected by the spot XRP ETF, which has been said to have a 95% chance of approval this year. Recently, prediction platform Polymarket disclosed that the XRP ETF has an approval chance of 90%. Basically, an ETF launch could attract around $100 billion into XRP, setting the asset up for an upsurge.
At the time of writing, XRP was trading at $2.37 after surging by 3% in the last 24 hours.
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