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In contrast, XRP and Cardano appear to be gaining traction with noteworthy bullish structures forming over an extended period that suggests they may be just getting started. Tyler forecasted optimistic targets of around $3 for Cardano and between $3.50 to $4 for XRP, should the positive trends continue.

The Meme Coin Phenomenon

Meme coins, notorious for their volatility yet attracting significant interest from retail investors, are also exhibiting promising signs. Tyler noted the current transitional phase of meme coins, where established ones like Shiba Inu and Pepe are starting to gather momentum. Despite feeling that the broader meme coin market is still in its early stage, he foresaw potential upward movements in their market caps.