Connect with us

Blockchain

Proton (XPR) Price Prediction 2022- Will XPR Hit $0.1 Soon?

Avatar Of Rajesh Khanna

Published

on

Proton (Xpr) Price Prediction 2022- Will Xpr Hit $0.1 Soon?
google news
  • Bullish XPR price prediction is $0.005864 to $0.027219.
  • The XPR price will also reach $0.1 soon.
  • XPR’s bearish market price prediction for 2022 is $0.002542.

In Proton (XPR)  price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other XPR information to analyze the cryptocurrency’s future movement. 

Proton (XPR)  Current Market Status

According to CoinGecko, the price of Proton (XPR)  is $0.00413181 with a 24-hour trading volume of $1,835,490 at the time of writing. However, XPR has DEcreased to 2.3% in the last 24 hours. 

Moreover, Proton (XPR)  has a circulating supply of 13,809,999,587 XPR. Currently, XPR trades in cryptocurrency exchanges such as OKX, MEXC, Bitrue, KuCoin, and Gate.io.

What is Proton (XPR)?

Proton (XPR) is a cryptocurrency on a unique blockchain network that is committed to making things easy for everyday consumers. The Proton Chain is home to Web3 applications that you can expect in a thriving blockchain ecosystem, such as decentralized exchanges (Proton Swap), decentralized liquidity pools (Proton Loan), and digital identity management apps, such as Proton Sign.

Furthermore, the very first NFT marketplace on the Proton Chain is the Proton Market. The Proton Market is open source, meaning that anyone can have access to its blueprints, and construct their own NFT marketplace — even a clone of the Proton Market if they want. 

Proton (XPR)  Price Prediction 2022

Proton (XPR)  holds the 405th position on CoinGecko right now. XPR price prediction 2022 is explained below with a weekly time frame.

XPR/USDT Descending Channel Pattern (Source: Tradingview)

Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts

Currently, Proton (XPR)  is at $0.00413181. If the pattern continues, the price of XPR might reach the resistance level of $0.005074, $0.009040, and $0.016501. If the trend reverses, then the price of XPR may fall to $57.188, & $0.002476.

Proton (XPR)  Support and Resistance Levels

The chart below shows the support and resistance levels of Proton (XPR).

1660722211 123 Proton Xpr Price Prediction 2022 Will Xpr Hit 01 Soon
XPR/USDT Support and Resistance Level (Source: Tradingview  )

From the above daily time frame, we can interpret the following as the resistance and support levels of Proton (XPR).

Resistance Level 1 $0.005864
Resistance Level 2 $0.009516
Resistance Level 3 $0.015126
Resistance Level 4 $0.027219
Support Level 1 $0.003893
Support Level 2 $0.002542
XPR Resistance & Support level

The charts show that XPR has performed a bullish trend over the past month. If this trend continues, XPR might run along with the bulls overtaking its resistance level at $0.027219.

Accordingly, if the investors turn against the crypto, the price of the XPR might plummet to almost $0.002542, a bearish signal.

Proton (XPR)  Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of the Proton (XPR)  is shown in the below chart. It is an indicator of how the current trading volume has changed over some time from the previous volume for traders. Currently, the RVOL of XPR lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of the Proton (XPR)  is shown in the above chart. Notably, the XPR price slightly lies above 50 MA (short-term), so it is in an upward trend. Currently, XPR is in a bullish state. There is a possibility of a reversal trend of XPR at any time.

Meanwhile, the relative strength index (RSI) of the XPR is at a level of 63.83. This means that XPR is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.

Proton (XPR)  Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Proton (XPR). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of the Proton (XPR). Currently, XPR lies in the range of 42.041826, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Proton (XPR). RVI measures the constant deviation of price changes over some time rather than price changes. The RVI of XPR lies above 50, indicating lower volatility. XPR’s RSI is at 63.83, thus confirming a potential buy signal.

Comparison of XPR with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Proton (XPR).

Ouirgzuh
BTC Vs ETH Vs XPR Price Comparison (Source: Tradingview )

From the above chart, we can interpret that ETH, BTC, and XPR are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XPR also increase or decrease respectively.

Proton (XPR)  Price Prediction 2023

If the declining price action ultimately slows down in momentum and the trend reverses,  Proton (XPR)  might probably attain $0.16 by 2023.

Proton (XPR)  Price Prediction 2024

With several upgrades in the network, Proton (XPR)  might enter a bullish trajectory. If the coin grabs the attention of major investors, XPR might rally to hit $0.21 by 2024. 

Proton (XPR)  Price Prediction 2025

If Proton (XPR)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, XPR will rally to hit $0.25.  

Proton (XPR)  Price Prediction 2026

If Proton (XPR)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, XPR will rally to hit $0.32. 

Proton (XPR)  Price Prediction 2027

If Proton (XPR)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, XPR will rally to hit $0.39 

Proton (XPR)  Price Prediction 2028

If Proton (XPR)  holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, XPR would hit $0.46.

Proton (XPR)  Price Prediction 2029

If investors flock in and continue to place their bets on Proton (XPR), it would witness major spikes. XPR might hit $0.53 by 2029.

Proton (XPR)  Price Prediction 2030

With greater advancements in the Proton ecosystem, the crypto community might continue to invest in Proton (XPR)  for the next 8 years and drive significant price rallies for the token. Hence, Proton (XPR)  might hit $0.6 by 2030.

Conclusion

With continuous improvements in the Proton network, we can say that 2022 is a good year for XPR. For this reason, the bullish price prediction of Proton (XPR)  in 2022 is $0.027219. On the other hand, the bearish price prediction of Proton (XPR)  for 2022 is $0.002542.

Furthermore, with the advancements and upgrades in the Proton ecosystem, the performance of Proton (XPR)  might hit $0.1 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $0.100088 in the XPR future.

FAQ

1. What is Proton (XPR)?

Proton (XPR) is a cryptocurrency on a unique blockchain network that is committed to making things easy for everyday consumers.

2. Where can you purchase Proton (XPR)?

Proton (XPR)  has been listed on many crypto exchanges which include   OKX, MEXC, Bitrue, KuCoin, and Gate.io.

3. Will Proton (XPR)  reach a new ATH soon?

With the ongoing developments and upgrades within the Proton platform, Proton (XPR)  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Proton (XPR)?

On Apr 27, 2020, Proton (XPR)  reached its new all-time high (ATH) of $0.100088.

5. Is Proton (XPR)  a good investment in 2022?

Proton (XPR)  seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Proton in the past few months, XPR is considered a good investment in 2022.

6. Can Proton (XPR)  reach $0.1?

Proton (XPR)  is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Proton (XPR)  will hit $0.1 soon.

7. What will be Proton (XPR)  price by 2023?

Proton (XPR)  price is expected to reach $0.16 by 2023.

8. What will be Proton (XPR)  price by 2024?

Proton (XPR)  price is expected to reach $0.21 by 2024.

9. What will be Proton (XPR)  price by 2025?

Proton (XPR)  price is expected to reach $0.25 by 2025.

10. What will be Proton (XPR)  price by 2026?

Proton (XPR)  price is expected to reach $0.32 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

google news
Advertisement

Blockchain

Cardano Price Misses Fireworks On Its Birthday, Will ADA Fall?

Avatar Of Rajesh Khanna

Published

on

Cardano Price Ada Adausdt
google news

The Cardano price has followed the general sentiment across the market and traded to the downside over the past week. The cryptocurrency lost its spot as one of the valuables in the crypto top 10 by market capitalization and could be poised to see further losses.

At the time of writing, the Cardano price trades at $0.43 with a 6% loss and 2% loss over the last 24 hours and 7 days, respectively. As ADA trades to the downside, some major cryptocurrencies have been able to score profits and are showing strength against the general market sentiment.

Charles Hoskinson Celebrates, While The Cardano Price Stalls

The Cardano price weakness is more evident as the cryptocurrency failed to react to recent events that were prompting bullish expectations for market participants. First, is the Ethereum “Merge”, the event that completed its transition to Proof-of-Stake (PoS).

“The Merge” failed to provide bullish momentum for PoS cryptocurrencies, such as Cardano. In step, Proof-of-Work (PoW), such as Ravencoin (RVN) and Ethereum Classic (ETC), benefited from the anticipated post-Merge rally.

In addition, the Cardano network was preparing to deploy a major update on its mainnet via a Hard Fork Combinator (HFC) event called “Vasil”. One of its most important milestones since the implementation of smart contract capabilities with HFC “Alonzo”, the recent upgrade was overlooked by market participants.

Across social media, the Cardano community celebrated the network’s fifth birthday. Its inventor Charles Hoskinson posted a celebration video via Twitter, but again this event failed to provide bullish momentum for ADA’s price action. Hoskinson said the following on the network’s growth since its inception:

There are over 3,228 smart contracts to our knowledge that have been deployed on Cardano, and as of September 15, 2022, 50 million transactions. Where we regularly are in the top three to top five of transaction volume on a daily basis and usually are number one for GitHub commits (…)

Who Is Contributing With The Selling Pressure For The Cardano Price?

The Cardano price has been stuck in its current levels forming a channel with a bottom at $0.43 and a top at $0.51. This channel was created in late August, and if bulls can defend these levels, ADA’s price might enjoy a late birthday rally and aim for $0.51 or beyond if the momentum allows it.

ADA’s price forms a channel on the 4-hour chart, can it bounce from these levels? Source: ADAUSDT Tradingview

However, with the crypto market showing weakness and with current macro conditions proving unfavorable for risk-on assets, ADA might break out of this channel and trend lower. In order to prevent this scenario, the Cardano price must stay above $0.41.

Data from Material Indicators shows that investors with selling orders of $1,000 to $10,000 have been dumping ADA over the past weeks. In addition, the Cardano price has seen low buying pressure from other investors. This status quo must change to support the price and aim for $0.51.

Cardano Price Ada Adausdt Chart 3
Investors with selling orders of $1,000 to $10,000 (green and red in the chart) selling into ADA’s price action. Source: ADAUSDT Tradingview

google news
Continue Reading

Blockchain

Crypto.com Acquires French Regulatory Approval

Avatar Of Rajesh Khanna

Published

on

Crypto.com Acquires French Regulatory Approval
google news