The crypto community embraced President Trump and was rewarded with anti- regulatory policies. However, the trade war, fewer rate cuts, and other events rattled the stock market. The silver lining for crypto enthusiasts is that various DeFi developers are rolling out…

New DeFi platforms emerge as stock markets turn chaotic

A Korean financial analyst who uses the name XForceGlobal has made bold claims 
about XRP&#8217;s future price, stating the cryptocurrency could reach between $10 
and $20 in the coming months. The confident prediction comes even as XRP 
currently trades at $2.07 and the broader cryptocurrency market struggles 
through a prolonged downtrend. Related Reading: Ethereum Slips Below 
Triangle—Is A $1,600 Crash Next? XRP Shows Unusual Strength Amid Crypto Slump 
While XRP has dropped more than 5% over the past few weeks, this decline is 
significantly less severe than what other major cryptocurrencies have 
experienced. According to the report, top cryptocurrencies like Ethereum have 
fallen by over 40% in the last three months. Similar sharp drops have hit 
other popular coins such as Solana and Dogecoin. XForceGlobal, who describes 
himself as a Certified Elliott Wave Analyst, pointed out that XRP has 
maintained its position above recent lows while competing cryptocurrencies 
have plummeted between 45% and 65% from their peaks. This relative stability 
forms the foundation of his optimistic outlook. I agree 100%, this is just 
showing that the possibility being there is just telling us how XRP is in its 
own league even for just wave counts! — XForceGlobal (@XForceGlobal) April 2, 
2025 Elliott Wave Analysis Points To Massive Gains The analyst&#8217;s forecast is 
based greatly on Elliott Wave theory, a technical analysis technique which 
tries to predict market action by finding repeating wave patterns. On the 
basis of his recognition of a 5-wave pattern, XForceGlobal has consistently 
predicted that XRP will hit $20 to $40 this year or next. Trillion-Dollar 
Valuation Projections Questioned By Critics Many market observers remain 
skeptical of such ambitious price targets. For XRP to reach $10, it would need 
to surge over 370% from its current price. A move to $20 would require an even 
more dramatic 850% increase. At such prices, XRP&#8217;s market capitalization would 
be around $1 trillion at the $10 level and $2 trillion at $20. Such valuations 
would be a first for an alternative currency and are the reasons why many 
analysts believe such forecasts are unrealistic, at least in the short term. 
Source: CoinGlass CoinGlass: Trading Interest Grows Despite Market Uncertainty 
In spite of the continued argument regarding the future of XRP, statistics by 
CoinGlass indicate increasing interest in the cryptocurrency. Open interest on 
XRP trades has risen to $3.60 billion over the past few days, reports 
indicate. This increase indicates that traders are opening positions in the 
asset irrespective of the direction of the market. I will be laughing at 
everyone who said $XRP can never hit $10-20. — XForceGlobal (@XForceGlobal) 
April 2, 2025 When asked for the timeline of his price forecast, XForceGlobal 
was not as definite, indicating that it may take a while before XRP gets to 
the forecasted $10-20 mark. Related Reading: XRP Breakout Alert! Could This 
Surge Send The Altcoin To $3? Nevertheless, the analyst was confident enough 
with his technical analysis to assert he would &#8220;be laughing at everyone&#8221; who 
are skeptical about XRP&#8217;s ability to hit these price levels. With XRP&#8217;s year- 
to-date gains dwindling to mere 0.80%, wiping out all gains since the 
beginning of 2025, the question is if XForceGlobal&#8217;s lofty predictions will 
materialize or become part of the long list of failed cryptocurrency price 
projections. Featured image from Gemini Imagen, chart from TradingView

XRP Will Explode—and This Korean Expert Says He’ll Be ‘Laughing’

Decentralized cryptocurrency exchanges (DEXs) continue to challenge the 
dominance of centralized platforms, even as a recent $6.2 million exploit on 
Hyperliquid highlights risks in DEX infrastructure.
A cryptocurrency whale made at least $6.26 million profit on the Jelly my 
Jelly (JELLY) memecoin by exploiting the liquidation parameters on 
Hyperliquid, Cointelegraph reported on March 27.
The exploit was the second major incident on the platform in March, noted 
CoinGecko co-founder Bobby Ong.
&#8220;$JELLYJELLY was the more notable attack where we saw Binance and OKX listing 
perps, drawing accusations of coordinating an attack against Hyperliquid,&#8221; Ong 
said in an April 3 X post, adding:
&gt; &#8220;It&#8217;s clear that CEXes are feeling threatened by DEXes, and are not going to 
&gt; see their market share erode without putting on a fight.&#8221;
## DEX growth reshapes derivatives market
Hyperliquid is the eighth-largest perpetual futures exchange by volume across 
both centralized and decentralized exchanges. This puts it &#8220;ahead of some 
notable OGs such as HTX, Kraken and BitMEX,&#8221; Ong noted, citing an April 4 
research report.
_**Related:**__**Bitcoin to $110K next, Hyperliquid whale bags $6.2M &#8216;short&#8217; 
exploit: Finance Redefined**_
Hyperliquid&#8217;s growing trading volume is starting to cut into the market share 
of other centralized exchanges.
_Top derivative exchanges by open interest. Source:__CoinGecko_ _ _
Hyperliquid is the 12th-largest derivatives exchange, with an over $3 billion 
24-hour open interest &#8212; though it still trails Binance&#8217;s $19.5 billion by a 
wide margin, CoinGecko data shows.
According to Bitget Research analyst Ryan Lee, the incident may harm user 
confidence in emerging decentralized platforms, especially if actions taken 
post-exploit appear overly centralized.
&#8220;Hyperliquid&#8217;s intervention &#8212; criticized as centralized despite its 
decentralized ethos &#8212; may make investors wary of similar platforms,&#8221; Lee 
said.
## Whale exploits Hyperliquid&#8217;s trading logic
The unknown Hyperliquid whale managed to exploit Hyperliquid&#8217;s liquidation 
parameters by deploying millions of dollars worth of trading positions.
The whale opened two long positions of $2.15 million and $1.9 million, and a 
$4.1 million short position that effectively offset the longs, according to a 
postmortem by blockchain analytics firm Arkham.
_Hyperliquid exploiter, transactions. Source:__Arkham_
When the price of JELLY rose by 400%, the $4 million short position wasn&#8217;t 
immediately liquidated due to its size. Instead, it was absorbed into the 
Hyperliquidity Provider Vault (HLP), which is designed to liquidate large 
positions.
_**Related:**__**Polymarket faces scrutiny over $7M Ukraine mineral deal 
bet**_
As of March 27, the unknown whale still held 10% of the memecoin&#8217;s total 
supply, worth nearly $2 million, despite Hyperliquid freezing and delisting 
the memecoin, citing &#8220;evidence of suspicious market activity&#8221; involving 
trading instruments.
The Hyperliquid exploit occurred two weeks after a Wolf of Wall Street- 
inspired memecoin &#8212; launched by the Official Melania Meme (MELANIA) and Libra 
(LIBRA) token co-creator Hayden Davis &#8212; crashed over 99% after launching with 
an 80% insider supply.
_**Magazine:**__**Memecoins are ded &#8212; But Solana &#8216;100x better&#8217; despite 
revenue plunge**_

Decentralized exchanges gain ground despite $6M Hyperliquid exploit

Stellar Lumens price has dropped in the past few months, mirroring the 
performance of most altcoins like Cardano and Avalanche. Stellar (XLM) was 
trading at the crucial support at $0.25 on Sunday, much lower than last year’s 
high of $0.6380. …

Stellar price could rise as transactions, stablecoin market cap jumps

Ethereum&#8217;s price may sink to $1,600 soon, according to recent market 
predictions. The second-largest cryptocurrency by market cap has been 
struggling below the $2,000 mark for weeks. Technical patterns and on-chain 
data both point to further declines ahead, based on multiple analyst reports. 
Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? 
Triangle Pattern Break Signals Trouble Ahead Bit Bull, a cryptocurrency 
expert, noted recently on X that Ethereum extricated itself from a symmetrical 
triangle after it retreated below $1,820. A breakdown of this nature usually 
translates into a bearish sentiment in the markets, which often means 
continuing downward price action. $ETH Update: SHORT Price: 1813 (Enter on 
entry price) ETH (1H Time Frame): Ethereum has broken down from a symmetrical 
triangle, which is generally a neutral pattern. However, after the breakdown 
and a retest, ETH is now looking bearish. Technically, there’s a strong… 
pic.twitter.com/NKpP8HiGgA — Bit Bull (@bitbull112) April 5, 2025 According to 
market observers, the drop below this key pattern has opened up the asset for 
potential new short positions. The low trading volume following the breakdown 
and its retest is raising concerns about a potentially strong correction 
coming up soon. ETH Dominance Chart Shows Concerning Pattern Beyond the 
immediate price action, ETH&#8217;s market dominance is also showing warning signs. 
According to Bit Bull&#8217;s analysis, the ETH dominance chart has formed a 
descending triangle pattern, which typically signals bearish momentum. &#8220;A 
retest toward the upper trendline is likely, but after that, we could see 
another move down,&#8221; Bit Bull added in his market commentary. This weakening 
dominance implies that investors might be losing faith in Ethereum over other 
cryptocurrencies, adding further selling pressure in the weeks ahead. On-Chain 
Data Validates Negative Trend The bearish argument isn&#8217;t only in chart 
structures. On-chain statistics also reveal a negative outlook for Ethereum&#8217;s 
near-term prospects. Active Ethereum addresses have declined drastically in 
the last few months, aligning with the price fall. Other red flags are the 
significant drop in Ethereum fees burned and a reduction in fees burned per 
transaction. Most troubling to long-term holders is probably the rise in ETH 
supply following the Merge event, which was initially anticipated to introduce 
deflationary pressure. Related Reading: Bitcoin’s Safe, Saylor Says, While 
Trump Waves The Tariff Sword Some Analysts Still See Long-Term Upside Even 
with the pessimistic short-term forecast, not all analysts have given up on 
Ethereum&#8217;s performance this year. Standard Chartered has insisted that 
Ethereum will hit $4,000 by the end of the year, although that is a 60% drop 
from their previous more optimistic $10,000 target. As of the latest available 
data, Ethereum is priced at about $1,803, with a less than 1% variation in the 
last day. The weekly charts indicate a similar slight drop of about 1%, 
indicating the cryptocurrency might be building a consolidation base despite 
the bearish signals. Featured image from Gemini Imagen, chart from TradingView

Ethereum Slips Below Triangle—Is A $1,600 Crash Next?

Hyperliquid, the popular perpetual decentralized exchange, is under intense 
pressure as its token nears a record low and its network volume plunges. 
Hyperliquid (HYPE) token plunged to a low of $11.10, down by 67% from its 
record high of $35.20.…