Crypto is facing bearish momentum this week, with the industry’s total market cap dropping 1.3% in the last 24 hours, while major altcoins like Ethereum and XRP suffer close to 10% weekly losses.
It’s therefore not surprising that ETF flows have slowed, and market sentiment indicators show increased fear – but savvy traders know these can be ideal times to buy.
To better assess whether crypto prices will actually rebound – and how far they might go – we consulted Google’s AI Gemini. The chatbot offered price predictions for top altcoins XRP, Cardano, and Hyperliquid, and also highlighted one potential wildcard with more upside potential.
The project is called Bitcoin Hyper, a new Bitcoin layer 2 blockchain. While its ambitious use case aligns with those of leading cryptocurrencies, it’s currently in its presale and has raised over $10 million so far, allowing investors to join at the very beginning.
Gemini Says XRP Set For $7 on ETF Speculation, Institutional Adoption
With the Ripple Labs-SEC lawsuit concluded, Gemini argues that XRP is headed for bigger and better things. It states the resolution “has removed a major cloud of regulatory uncertainty that had been suppressing XRP’s price for years,” paving the way for financial institutions to engage more with the asset.
Gemini highlights increasing institutional adoption and the bigger potential for ETF approvals as two positive consequences of the resolution. It suggests that these factors could help boost XRP’s price this year, eyeing a range between $3 and $5, while also acknowledging the possibility of a blowoff top reaching $7.
Growing DeFi Ecosystem Could 3X Cardano Price
Gemini says Cardano could more than 3x its value this year from today’s price of $0.85. The chatbot notes that Cardano has completed its Hydra upgrade, which improves scalability and paves the way for increased developer activity.
Resultantly, Cardano is experiencing a wave of DeFi activity, with a notable surge to a $400 million total value locked (TVL) this summer. Gemini also mentions that successful ETF applications could help boost the $ADA price.
Based on these factors, Gemini predicts that Cardano could reach $1.50 to $2.50 but suggests that a strong catalyst could push the price to $3.
Hyperliquid’s Bullish Momentum Signals Rally to $60
Gemini highlights that Hyperliquid is the most powerful decentralized perpetual futures exchange on the market, thanks to its high performance and user-friendly experience.
It says this has enabled it to attract a large user base and significant trading volume. Because of $HYPE’s inherent utility for governance rights and participation in the exchange’s operations, Gemini notes that this is driving strong demand.
Consequently, the price of $HYPE has performed well this year, nearly quadrupling since April. Gemini believes this indicates potential for further upside and backs the project for highs of $60.
Gemini Tips Bitcoin Hyper For 3,816% Gain – Best Crypto to Buy Now?
Bitcoin Hyper is developing a Bitcoin layer 2 blockchain that offers low fees, high speeds, and smart contract support for Bitcoin. What sets Bitcoin Hyper apart from earlier L2s is its use of Solana Virtual Machine (SVM) technology and ZK-rollups.
This positions Bitcoin Hyper at the forefront of blockchain scaling innovation, not just on Bitcoin but across the entire crypto market. SVM makes Bitcoin Hyper interoperable with Solana, while ZK-rollups provide maximum security alongside the benefits of rapid speed and low fees.
The project is expected to create new economic activity on top of Bitcoin, and its native canonical bridge makes transferring $BTC to the network seamless. Gemini states that this could make Bitcoin Hyper a “cornerstone of the Bitcoin ecosystem,” and cause “a significant increase in its market capitalization.”
Investors seem to recognize this potential as well, with the ongoing $HYPER presale raising $10.8 million and continuing to explode despite the market-wide bearish trend this week.
Gemini cites this bullish momentum when predicting Bitcoin Hyper could reach between $0.2 and $0.5 this year, offering the possibility of up to a 3,816% gain from its current presale price.
While XRP, Cardano, and Hyperliquid all have strong use cases, their multibillion-dollar valuations limit their upside potential – hence, Gemini forecasts only up to 200% gains.
In contrast, Bitcoin Hyper’s current presale stage allows investors to buy at the lowest prices, which is why Gemini predicts such parabolic returns.
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
