The Crypto Comeback

On February 12, cryptocurrency enthusiasts collectively raised their glasses (or coffee cups) to toast a significant milestone: the market cap of the crypto universe skyrocketed past the $300 billion mark for the first time in six months. Clearly, the financial world isn’t done with crypto just yet, with a staggering growth of 65.92% since the start of 2020, climbing from $218.4 billion to a hearty $303.1 billion.

Bitcoin Takes a Breather

As Bitcoin’s dominance dipped from 68% to 62%, altcoins began to flex their muscles, pulling off some dazzling triple-digit rallies. Meanwhile, Bitcoin seems to be putting up a fight against the $10,500 resistance level, reminiscent of a cat that refuses to jump down from a high ledge.

Spotlight on XRP

XRP recently burst through the prices of $0.30 and $0.31 like a kid on Christmas morning, rallying by over 14%. This surge, the biggest in trading volume since 2019, had traders trading like their favorite Pokémon cards. With new targets set at $0.38 and $0.41, one can only imagine the excitement (and potential anxiety) in the XRP camp.

Tezos: The Overachiever

Tezos (XTZ) has entered the ring and put on a show with a fantastic 183% increase since mid-January, reaching the jaw-dropping conclusion of $3.61. But hold your horses! Just when everyone thought it was invincible, it corrected slightly, reminding us that any bullish party can come to a halt. Shoppers, I mean traders, are now watching to see if it can find support around the $3.072 mark, as the market attempts to stabilize.

Cardano and Its Rise

Meanwhile, Cardano (ADA) has made a commendable comeback of 71% from its late 2019 lows and 37.09% since climbing above its 200-day moving average. It’s like watching a scrappy underdog rise to fame! If they can muster enough volume and break above, ADA could see a jump up to 0.000001041 satoshis, making ‘magic’ happen.

The Ethereum Connection

What’s Ether (ETH) doing while all this chaos reigns? Climbing steadily, of course! With a new 2020 high of $275, it’s locked arm-in-arm with Bitcoin on its rollercoaster ride, eyeing a possible leap to $300. But it’s got to breach that pesky $276 first. Talk about adding pressure!

NEO and Future Aspirations

Finally, let’s not overlook NEO, who has doubled its price since the end of last year, currently peeking at a high of $15.85. Traders are now setting their sights on $17.44 and beyond. Should a pullback happen, they’ll probably be waiting like hawks at the $13.95 level, hoping for a glorious bounce.

Final Thoughts

As we observe this dynamic shift in the crypto landscape, the joy (and risk) continues to tantalize traders and investors alike. Remember, though—crypto can be a wild beast. Buckle up, do your research, and hold on tight!