Recent developments suggest that the SEC’s approach may wear thin with the judiciary in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). District Judge Analisa Torres, presiding over the case, has denied the SEC’s motion for an appeal. Echoing these sentiments, crypto influencer Freddy Rispoli opined that Judge Torres’ recent rulings signal contempt for the SEC, accusing them of “wasting her time” in a “disrespectful way.”
Judge Torres recently rejected the SEC’s motion for an interlocutory appeal, stating that the appeal would not “materially advance the ultimate termination of the litigation.” Her decision included references to “shifting and inconsistent arguments” made by the SEC about their legal theory on Ripple’s “Other Distributions.” For observers like Rispoli, such comments aren’t merely legal parlance but signs of exasperation with the SEC’s approach.
According to Rispoli, the judge’s remarks were uncharacteristically sharp, signaling a veiled critique of the SEC’s shifting arguments. This piercing analysis reflects the SEC’s narrowing options and focuses on the commission’s controversial actions, particularly related to the #HinmanEmails saga.
SEC is Mishandling
District Judge Torres denied the SEC’s pre-motion for an interlocutory appeal. The legal battle seems to have cornered the SEC, forcing them to re-evaluate their stance, especially as they march toward an impending trial in April 2024. This refusal to allow an appeal did not just affect the SEC but also resonated with the community.
Rispoli’s observation about the SEC’s mishandling finds a striking parallel in the controversial Howey Test. Judge Torres dismissed the SEC’s insistence on applying the Howey Test to the case, thus quashing one of their pivotal arguments. This move also bolstered Rispoli’s assertion about the SEC’s increasingly shaky ground in this legal wrangle.
XRP Market Reaction
Echoing the sentiments expressed by Rispoli, the XRP market experienced a 5% rally following the announcement of the denied motion. This pulse of positivity within the investor community is emblematic of the uplifted spirits among Ripple supporters, but it also casts shadows of what may come as the 2024 trial approaches.
With influencers like Freddy Rispoli providing a voice to community sentiment, the SEC may need to rethink its strategy if it hopes to regain judicial and public confidence. As the case heads toward its 2024 trial date, all eyes will be on how the SEC adjusts its approach to avoid “wasting time” in what has already become a high-profile, highly scrutinized legal battle.
Renowned YouTuber and cryptocurrency analyst Crypto Rover argued against investing in altcoins—at least for now. Here are the reasons underpinning his cautionary stance.
- Drying Liquidity and VC Apathy
First and foremost, Crypto Rover pointed out that market volume for altcoins is “drying up.” This isn’t just idle chatter; data from CoinMarketCap and other tracking platforms corroborate a notable decline in trading volumes. Alongside this, venture capital (VC) firms seem to have tightened their purse strings regarding altcoin projects. This starkly contrasts the VC fervor that fueled the rise of notable coins like Chainlink, Polkadot, and others.
- Retail Investors Holding Back
The retail market, often considered the lifeblood of the crypto industry, also appears to be holding its collective breath. With economic uncertainties, many retail investors are either “out of funds” or are steering clear of riskier altcoin ventures, as per Crypto Rover. Even Bitcoin, the flagship cryptocurrency and typically a safer bet, isn’t getting as much love from retail pockets.
- The Bitcoin ETF Limelight
Most of the institutional and regulatory focus currently is on a potential Spot Bitcoin Exchange-Traded Fund (ETF). ETFs provide a less risky entry point for traditional investors into the crypto world, but the emphasis is predominantly on Bitcoin rather than its lesser-known counterparts. In the wake of the SEC’s cautious approach to crypto, this Bitcoin-centric viewpoint further alienates altcoins from receiving institutional investment.
Crypto Rover notes that the altcoin market usually gains momentum when Bitcoin surpasses its all-time high, currently at $69,000. This milestone tends to trigger a “retail FOMO,” attracting individual and venture capital investment back into altcoins. Historically, Bitcoin’s market dominance continues growing until it breaks its previous peak, often catalyzing renewed interest in altcoins.
Given these factors, Crypto Rover’s strategy is to focus on Bitcoin investments now and transition to altcoins at the opportune moment. This shift would presumably occur once Bitcoin hits a new all-time high, igniting market sentiment and attracting retail and institutional investment back into the altcoin arena.
OFR, a venture capital firm founded by former Binance employees, has expressed that now is the perfect time to finance in Web3 as the primary and secondary markets have bottomed out. The company believes that the Web3 ecosystem is mature enough that it does not require any more infrastructure or public chains. According to OFR, the current market situation presents a unique opportunity for investors to venture into the space, as the Web3 industry’s growth potential is enormous. The VC firm has expressed confidence in the future of the decentralized internet and is actively seeking to invest in promising projects.
Shiba Inu Price Gears Up for a Bullish Reversal As Shibarium Ready for Prime Time – Says Shytoshi Kusama
Shiba Inu, the famed cryptocurrency known for its Shiba-themed mascot, has achieved a significant milestone as lead developer Shytoshi Kusama announced the successful launch of Shibarium, a layer-2 scaling solution designed for the Shiba Inu blockchain, that is now live and ready for broader adoption.
Meanwhile, the new solution, which promises enhanced efficiency and scalability, has already onboarded an impressive user base, with more than 65,000 wallets engaging with the platform.
In addition, Shibarium has processed a staggering 350,000 transactions, showcasing its potential for handling high levels of activity.
Shibarium, Unleashing Unique Tokens and Triumphing Over Challenges
The adoption of Shibarium has brought forth a diverse array of tokens, ranging from fun and unconventional to occasionally controversial. This eclectic mix of tokens underscores Shibarium’s versatility as a platform.
Perhaps Kusama expressed his gratitude to the Polygon team and other contributors who played pivotal roles in realizing Shibarium’s potential, highlighting the strategic decision to pivot towards forking Polygon as instrumental in achieving success.
Eventually, an earlier mainnet launch encountered technical glitches, including issues with its mainnet RPC and complications with the cross-chain bridge. These hurdles temporarily impacted Shiba Inu’s market performance.
However, Kusama’s commitment to the project’s long-term vision and resilience within the community helped them navigate through these difficulties.
Shiba Inu (SHIB) Sparks Hope for Bullish Reversal in the Coming Week
Against a backdrop of market stability, Shiba Inu (SHIB) is showing signs of a bullish reversal. The meme coin’s recent green candle has ignited optimism among traders and investors alike. Supported by multiple strategic support levels, SHIB’s upward trajectory appears promising.
With limited resistance on the horizon, the sentiment around SHIB is currently leaning towards a bullish trend. As the trading week unfolds, all eyes are on Shiba Inu to potentially make a substantial move in the coming week.
The cryptocurrency community was poised for a landmark decision in the Grayscale vs. U.S. SEC case, which has the potential to reshape the crypto landscape. However, the DC Court of Appeals has postponed its ruling once again.
This development leaves investors and industry experts waiting in anticipation for insights into how this decision could impact the crypto ecosystem.
Grayscale Spot Bitcoin ETF Verdict Postponed Again- Crypto Community Holds Its Breath
The anticipated verdict on whether Grayscale can transform its Bitcoin Trust into a fully-fledged ETF has been delayed yet again. The U.S. Court of Appeals for the District of Columbia Circuit did not unveil its decision today. Grayscale’s chief legal officer, Craig Salm, conveyed this news on Twitter. Meanwhile, the expected announcement, based on the usual timeframe for such cases, was due three days ago on August 15.
As per the new timeline, the next possible date for the verdict announcement is Tuesday, August 22. Interestingly, this is the second time the decision has been delayed, raising questions and anticipation among stakeholders.
Back in March 2023, during a hearing, Grayscale strongly contested the SEC’s decision, claiming it contradicted the regulatory body’s past orders concerning the approval of the GBTC spot Bitcoin ETF.
Meanwhile, Legal analysts from Bloomberg weighed in, suggesting that Grayscale might have a robust case, estimating a 70% chance of victory in the lawsuit.
Grayscale’s ETF Team Expands Amidst Pending Verdict
In the last week, the GBTC share price saw a drop from $20.12 to $17.64, marking a decline of over 12.3%. This occurred amidst a challenging market and regulatory uncertainty in the Bitcoin space.
Despite this, the Grayscale team remains optimistic about their prospects in the legal tussle with the U.S. SEC, despite this setback. To enhance its efforts, the company recently disclosed the hiring of two significant roles in its ETF team.
For the positions of product specialist and senior associate, have recently been posted on LinkedIn. This strategic move demonstrates Grayscale’s proactive approach and their commitment to enhancing their ETF operations.
The job openings received an overwhelming response, with more than 50 applications from potential candidates. This enthusiastic interest underscores the industry’s anticipation of a favorable outcome in the Grayscale vs. U.S. SEC case.
With anticipation building and the entire crypto community holding its breath, all attention is focused on the upcoming verdict.
With the buyer’s confidence going haywire, the altcoins are struggling to find a solid footing to hold the downfall. With top coins like Bitcoin(BTC) and Ethereum(ETH) down by 7.52% and 6.02%, Litecoin faces intense bearish pressure.
Trending lower within a channel to complete a negative cycle in a rising channel LTC price action creates a snowball effect. Coinciding with the market-wide correction, the negative cycle breaks below the support trendline.
Giving rise to a death cross, the Litecoin price is down by 22% in the last week with a spike in trading volume. Marking the daily chart in red, the LTC price action displays three consecutive bearish candles bringing the market value to $60.
Currently, the lower price rejection from $60 helps the LTC price to trade at $65 and forms a Doji candle. This comes as a relaxation period as investors prepare for the next buy or dump move.
Coming to the technical indicators, the Stochastic RSI and DMI are extremely bearish. The Stochastic RSI shows the K and D lines in the oversold zone. Meanwhile, the DMI shows a sharp increase in ADX or trend momentum with the VI lines far apart with a huge bearish gap.
Will Litecoin Price Crash To $50?
With the $70 breakdown, mentioned as a worst-case scenario in our previous LTC price analysis, the downtrend is getting severe. If the buyers fail to hold off the crash rally at $60, the following support levels are at $50 and $40, accounting for an 18% to 33% fall.
On the flip side, a consolidation move above $60 will delay the downfall and help the momentum indicators rest for a bit.
Optimistically, chances for a reversal are thin but a closing above $70 can push the trend upwards.
In a surprising turn of events, we’re witnessing a surge in whale activity within the cryptocurrency market, specifically involving Shiba Inu (SHIB), XRP, and a couple of other altcoins. Are these whales orchestrating a dump?
Whales on the Move: 44 Billion SHIB Tokens Transferred in a Whirlwind Hour
The meme-driven Shiba Inu token (SHIB) has been a recent talking point, with its price surging earlier this month. However, the landscape has changed, and SHIB is now experiencing a significant retracement.
Recently, Etherscan tracker data has unveiled a massive transfer of 44 billion SHIB (Shiba Inu) tokens that were moved around by crypto whales, leaving the community both surprised and intrigued.
These substantial transactions were executed through a total of just 12 transactions, each involving a range of one to eight billion SHIB tokens per transfer. These SHIB tokens were significantly transferred from prominent exchanges like Crypto.com, Binance, OKX, and Coinbase.
Notably, the real spotlight falls on Binance, where an eye-popping 12.4 billion SHIB tokens embarked on their journey, split into chunks as large as eight billion tokens each. The rest of the 44 billion SHIB tokens were shuffled between undisclosed wallets and exchanges.
Though Shiba Inu’s Shibarium went live, the price movement has been downward. Although, it’s important to note that SHIB’s August journey has seen an 8.6% increase.
XRP Make Waves: A Closer Look at Recent Activity
XRP, known for its legal battles and regulatory hurdles, saw a notable price rally in July following a partial win over the SEC case. However, August has brought about a change in fortunes, as XRP prices have experienced a substantial correction for the coin.
Previously surging past the $0.83 mark, XRP’s value has dipped, settling below $0.589. This fluctuation in market value has raised questions and curiosity, prompting us to take a closer look at the forces driving these fluctuations.
Notably, whales within the XRP network are reactivating, sparking discussions about a potential accumulation phase. While, August has painted a picture of change for XRP, with its performance showing a decline of 16.8%
On-Chain Activity Surge Sandbox (SAND) and PancakeSwap (CAKE)
Our on-chain data highlights a notable increase in activity for the Sandbox and PancakeSwap (CAKE), particularly involving significant transactions.
However, a surprising twist emerged on Monday as whale transactions involving substantial amounts of over $100K surged. An unexpected move that adds intrigue to the ongoing SAND saga.
These moves come in contrast to its performance, which has shown a decrease of 15.3% in August.
Notably, the PancakeSwap (CAKE) token has recently observed a peak in whale transactions exceeding $100K, suggesting possible advancements for this well-received token. Throughout August, CAKE’s performance has displayed an 8.7% decline.
The crypto markets nowadays have become passive without manifesting any significant price action. The volatility has again dropped to ground level after experiencing a minor upswing in recent times. Primarily, Bitcoin continues to remain stuck in a minor region, which has compelled the entire crypto space to remain indifferent.
In the meantime, the XRP price is displaying chances of undergoing a bullish breakout, which may even attract huge profits. The current trading setup indicates the price is on the edge of prolonged consolidation. This breakout could to attract massive profits, which may even range to a 3-digit figure too.
The XRP price is currently retesting the major trend line from 2022, which suggests a bullish rebound could be fast approaching if the bulls display some strength. This trend is also a part of the ascending parallel channel on the daily chart, which strengthens the support. Besides, the price is also supported by a strong 0.618 FIB retracement on the LOG scale. Therefore, the current levels can turn out to be a good buy time for XRP.
Considering the volume, it can be seen that the bullish volume has been prevailing strongly since the 2022 drop despite the bearish influence. Therefore, it may be a positive indicator of the XRP price. From the Elliott wave perspective, it is a really strong setup. The price has a 1-2-1-2 nest, which is a bullish case. Hence, with the 3rd wave, the price may trigger a healthy upswing towards the higher targets.
Now that XRP has partially won the lawsuit against the SEC, it doesn’t mean the impact has faded, but a steep jump may be fast approaching. However, the new developments in the lawsuit are in the bull’s favor, leaving no reason for the token to maintain a descending trend ahead.
Therefore, the XRP price could to trigger a fine upswing once it successfully retests the interim support at $0.6210, which may pave the way for a healthy upswing to reach the 1 FIB level at the yearly highs at $0.93.
In recent weeks, the altcoin market has faced challenges in capitalizing on Bitcoin’s shortcomings, leading to disappointment among many investors. However, there have been some notable outliers during this period, with Shiba Inu (SHIB) standing out by rallying over 20% in the first week of August. On the other hand, the highly anticipated Litecoin halving, though hyped, resulted in an 11% correction, dampening the spirits of bullish traders.
As a result, uncertainty looms over the short-term prospects of many altcoins, as they seem to be consolidating horizontally.
Why Accumulate Altcoins Now?
Amidst the apparent stagnation, a glimmer of hope shines through the influential figure of Michaël van de Poppe, a prominent crypto analyst and influencer.
In a recent YouTube video, Poppe shared his conviction that the current consolidation phase is merely a precursor to an impending surprise rally. He believes that the prevailing market conditions, which have frustrated and disheartened many traders, are laying the groundwork for a significant upturn. His vision involves a potential surge that could drive the overall crypto market cap to around $1.75 trillion, homing in on a crucial supply and demand zone.
At the heart of Poppe’s argument lies the anticipation that altcoins will spearhead this rally, asserting their dominance while Bitcoin’s hold wavers in the short term. Notably, Bitcoin’s grip on the weekly timeframe seems to be weakening, approaching a pivotal resistance level based on historical data. This development raises the possibility of Bitcoin undergoing a direct price capitulation.
Good News – Institutional Interest is Growing!
One of the intriguing catalysts fueling this anticipated turnaround is the growing interest of institutional investors, particularly led by heavyweight player BlackRock. These entities are increasingly immersing themselves in the crypto market to counter escalating global inflation amid rising interest rates. This surge in institutional interest could be a game-changer for the altcoin market, propelling it to new heights.
Poppe’s insights and observations present a compelling case for investors to remain optimistic in the face of market uncertainty. While altcoins may have struggled in recent times, the potential for a surprise rally combined with the growing institutional interest paints a promising picture for the future of the crypto market.
However, don’t forget: exercise caution and conduct your research!
Lately, Cardano has been experiencing a decline in price value, raising concerns among investors. Meanwhile, amidst this changing landscape, Borroe has emerged as a novel and promising addition to the Web3 ecosystem.
This article will explore Borroe’s unique features and how it provides a solution for businesses and creators seeking funding. Additionally, we will explore the current state of Cardano’s DeFi and how it compares to the rising potential of Borroe.
Borroe Set for Stage 1 of Presale: Time to Buy?
Borroe has recently emerged as a standout player in the fast-paced world of cryptocurrency. With a focus on leveraging cutting-edge AI and blockchain technology, Borroe’s unique funding marketplace connects content creators, businesses, investors, crypto enthusiasts, and other Web3 participants.
Through the platform, users can use future earnings from invoices, royalties, and subscriptions to raise immediate funds. An innovative aspect of Borroe’s approach is using non-fungible tokens (NFTs) to represent outstanding, recurring or future revenues, making it easy for businesses to raise funds by selling these NFTs at a discounted price within the Borroe marketplace.
One of the key benefits of choosing Borroe is the platform’s comprehensive understanding of various business models and unique challenges. With Borroe, entrepreneurs can maintain ownership and control over their ventures while gaining access to much-needed additional funding.
Furthermore, the platform’s acceptance of various payment methods, including major cryptocurrencies, attracts many investors and crypto enthusiasts, fostering a diverse and engaged community.
Initially launched at an affordable price of $0.01 for the native token, $ROE, the presale has already gained substantial traction. The stage rapidly sold out and has advanced to the first presale stage, marking a 25% price increase.
Over 30% of tokens have already been sold in a matter of days, creating hype in the investing community. As Borroe proves its potential in the Web3 landscape, now could be the perfect time to consider participating in its presale and become part of the future of decentralized finance.
To top it all off, $ROE will increase by 50% in the next stage and is predicted to reach 300% returns by the end of all eight presale stages, delivering hefty potential returns to early investors.
Cardano’s DeFi Is Rapidly Shrinking
In the burgeoning DeFi landscape, Cardano has recently faced some challenges. Since being hit by the SEC in June, ADA has been surrounded by bearish sentiment.
Also, the declining daily trading volumes signalled a lack of enthusiasm among ADA investors ahead of the anticipated Mithril upgrade, which enhanced the network’s efficiency and expanded its application capabilities.
The Mithril upgrade, recently launched, is expected to revive the ADA cryptocurrency in the following period, although the price still struggles at press time.
The Bottom Line
In the ever-changing landscape of DeFi, Cardano’s DeFi ecosystem is experiencing a shrinking phase, as declining trading volumes and price drops have impacted investor sentiment. In contrast, Borroe’s ROE is increasing by leaps and bounds, providing an ideal moment for investors to seize this innovative opportunity.
Overall, Borroe ($ROE) is a promising addition to the Web3 ecosystem. Its innovative marketplace connects creators and businesses with supportive communities of investors seeking higher returns. This innovative community is the first of its kind to help innovative Web3 businesses connect with investors willing to fund their favourite brands.
With its innovative use of NFTs and commitment to transparency, Borroe offers a unique opportunity for investors seeking to be part of the Web3 revolution.
Explore the Borroe ($ROE) Presale:
A serious warning has been sounded for altcoin holders, with predictions of a major crash before the market eventually recovers. With investors around the world flocking to cryptocurrencies, the voice of reason comes from seasoned experts in the field. What’s the cause of this grim forecast, and what should altcoin investors be doing right now? Let’s dive in.
Altcoins on Shaky Ground
Altcoins could plummet a further 40-50% against Bitcoin, according to the analyses of renowned crypto pundits, Ran Neuner, host of Crypto Banter, and Benjamin Cowen, a widely-followed cryptocurrency analyst. This sobering perspective is based on current trends and historical data, making it a subject of considerable concern for those holding alternative digital currencies.
Bitcoin’s dominance seems to continue its upward trajectory, having held firm prior to reaching a breakout level of 49%. This hasn’t merely been a fleeting observation; rather, it’s a consistent trend, underscoring the power and resilience of Bitcoin in the face of fluctuating market conditions, said Cowen.
Liquidity Drought in Altcoins
The lack of liquidity flowing into altcoins is a strong indicator of their potential fall. While there may be hope for a resurgence, the current reality points to a desolate scene. For altcoin investors, the fear is not that these currencies will disappear entirely, but that the road to recovery appears to be fraught with uncertainty and peril.
For those who are heavily invested in alternative digital currencies, the prediction of a 40-50% drop before any recovery isn’t just academic speculation; it’s a real and urgent dilemma. Investors face the hard decision of whether to swap their altcoin holdings for Bitcoin and ETH or hold onto them in anticipation of a brighter future.
Despite the gloomy outlook, some cryptocurrencies were spotlighted by Neuner as possessing attractive risk-reward plays with reasonable fundamentals. Ethereum, for example, was mentioned as a viable option, providing a glimmer of optimism within an otherwise bleak forecast.
The experts’ outlook is neither entirely pessimistic nor full of unrealistic optimism. The expert analysis offers a balanced and insightful view into the challenging landscape ahead, leaving altcoin investors with some serious decisions to make.
FTX founder Sam Bankman-Fried’s legal battle continues as the U.S. Department of Justice (DOJ) filed another document late on Thursday, reiterating its stance that he should be “detained pending trial.” DOJ maintained its position that FTX founder Sam Bankman-Fried did not deny sharing former Alameda Research CEO Caroline Ellison’s diary with the New York Times.
This ongoing case involves allegations of massive financial fraud, and the recent filings from both the prosecution and the defense shed light on the controversy surrounding Bankman-Fried’s actions. The DOJ firmly believes that Bankman-Fried went beyond exercising his right to speak to the press, asserting that he took covert steps to discredit a trial witness and potentially taint the jury pool.
In response to the DOJ’s initial filing, Bankman-Fried’s legal team claimed that the government was mischaracterizing his actions to portray him negatively. The defense argued that the FTX founder was merely defending his reputation in the media and did not initially reach out to FTX.US General Counsel Ryne Miller.
However, the DOJ’s recent filing challenges the defense’s interpretation of Bankman-Fried’s actions, suggesting that the defense team itself may be mischaracterizing the situation.
DOJ and SBF Duo are Presenting Their Respective Arguments
The case remains highly contentious, and both sides are presenting their arguments to support their respective positions. As the legal proceedings unfold, the cryptocurrency community closely watches the outcome, which could have significant implications for the reputation of one of the industry’s prominent figures.
The U.S. Department of Justice (DOJ) has presented additional allegations against FTX founder Sam Bankman-Fried, claiming that he set up Signal groups with messages set to delete after a week. Prosecutors further argue that Bankman-Fried played a role in creating a media atmosphere that elevated the prominence of former Alameda Research CEO Caroline Ellison, who is expected to act as a witness.
The DOJ contends that Bankman-Fried’s actions were designed to intimidate and embarrass Ellison, who is slated to testify against him, and to influence potential jurors emotionally. The filing asserts that instead of denying guilt, Bankman-Fried shared materials with the press to color the view of the potential jurors regarding the witness.
In addition, the filing includes a footnote addressing the defense team’s references to current FTX CEO John J. Ray III, who assumed leadership to navigate FTX’s bankruptcy.
Bitcoin (BTC) Traders Experience Heavy Losses, Compound (COMP) Price Struggles; Perfect Time to Invest in Borroe ($ROE)
Last week, Bitcoin (BTC) fell below $29,000 support briefly and almost triggered selling pressure in the market. In other news, Compound (COMP) struggled to maintain steady momentum after its CEO’s exit. Savvy investors are now turning to a hot new crypto called Borroe ($ROE). The platform aims to solve the challenges in decentralized funding and is currently in its presale stage.
Crypto Millionaires Say Now Is the Best Time to Buy Borroe ($ROE) Tokens
Borroe ($ROE) is an innovative discounting NFT marketplace where web3 market participants and content creators can generate instant cash by selling their future digital income. On Borroe ($ROE), you can mint your invoices, royalties, and subscriptions into NFTs and sell them at discounted prices to a supportive, vibrant community.
To ensure a secure and straightforward fundraising process, Borroe ($ROE) incorporates AI risk assessment, effective payment solutions, and blockchain technology in its protocol. Borroe ($ROE) also fosters a P2P system that allows buyers to buy and sell discounted invoice NFTs on secondary markets.
Bitcoin (BTC) Falls Below $29,000
For the first time in July 2023, Bitcoin (BTC) fell below the $29,000 support level. Bitcoin (BTC) traded at $28,937 on July 24, and experts have attributed this price dip to a significant decline in Bitcoin (BTC) whale activity and sustained selling pressure by retail market participants. According to Santiment, Bitcoin (BTC) whale wallet addresses declined by 1% in Q2 2023.
Even though Bitcoin (BTC) quickly recovered and is trading at $29,277 on July 26, analysts say the storm is not over yet. If Bitcoin (BTC) manages to break through support levels again, Bitcoin (BTC) bulls might fold, and we may see the token hit $25,000 in Q3 2023.
On the other hand, analysts say we may see another Bitcoin (BTC) surge after an investment optimal risk portfolio formula leaked from Blackrock (the world’s largest asset manager). This formula states that having 84% BTC in your risky portfolio is ideal and prudent. This data shows that big money players still back Bitcoin (BTC) for long-term growth and ROI.
Compound (COMP) Records High Volatility in Final Days of July 2023
CEO of Compound (COMP), Robert Leshner, recently resigned. According to reports from the ecosystem, Robert left $2 billion in assets for Compound (COMP), and the platform has blossomed after his departure.
After recording a massive surge of 92.31% in 30 days, Compound (COMP) has struggled to maintain its bullish momentum in the final days of July 2023. On June 29, 2023, Compound (COMP) was trading at $39.78. By July 16, Compound (COMP) gained 109.9% and rose to $82.30, thanks to significant whale activity.
Compound (COMP) remained highly volatile after this price surge, dipping to $69.50 on July 20. By July 25, Compound (COMP) went bearish further and traded for $59.18. Thankfully, Compound (COMP) bulls have returned to the market, and the token is trading at $71.48 on July 26.
Borroe Blasts Higher
Currently, Borroe ($ROE) completed its Beta presale stage and is selling for $0.0125. Crypto millionaires know the only way to wealth in this industry is by buying high-value tokens at their early stages. In Borroe’s ($ROE) case, this process will start after all presale stages are complete. Borroe ($ROE) will trade at $0.0400 when it hits major crypto exchanges and delivers a 300% surge to early investors.
Learn more about the Borroe ($ROE) presale here:
The U.S. Department of Justice has requested more time to gather evidence in its case against Alex Mashinsky, the founder of Celsius. The DOJ needs six to eight weeks to process a large number of corporate records and communications, including over 1,200 videos of ask me anything sessions. Mashinsky has pleaded not guilty to multiple charges, and his next conference date is set for October 3, with the trial date still to be determined. Mashinsky, who was arrested for charges of securities fraud, commodities fraud, wire fraud, and conspiracy to manipulate the price of Celsius’ token, has pleaded not guilty.
Bitcoin Sparks A Surge Toward $30,000 From Critical Support! Is It The Time To Go Long On BTC Price?
Bitcoin is currently attempting to be the star of the recovery show. In recent hours, Bitcoin has once again caught the attention of investors and traders as it sparked a renewed surge toward the $30,000 mark from a critical support level that it touched yesterday. This surge has left many questioning whether it is the right time to long Bitcoin’s price.
Bitcoin ETFs Keep Fueling The Bullish Momentum
As Bitcoin ETFs continue to surge in popularity, it attracts a diverse mix of investors. Recently, they have managed to uphold the bullish sentiment around Bitcoin by bringing increased institutional participation.
Recently, the U.S. SEC has begun reviewing applications from six firms, including BlackRock, to establish spot Bitcoin ETFs. Other firms include Bitwise, VanEck, WisdomTree, Fidelity, and Invesco, with all their proposals now listed in the Federal Register. This news has successfully prevented the BTC price from dropping heavily below the crucial support of $29.6K.
Since January 2023, the Bitcoin trust’s rising premium, which narrows the gap between the trust’s and Bitcoin’s market prices, illustrates growing investor optimism towards Bitcoin. Furthermore, observing the realized profit and loss of BTC holders, it showed Bitcoin’s shift from a phase of capitulation, indicating a market transition from extreme fear and sell-offs to a more stable state.
BlackRock’s venture into the Bitcoin ETF market could potentially be a game changer for Bitcoin and the crypto market. Charles Edwards, founder of Capriole Investments, believes that an approved BlackRock Bitcoin ETF could bring a surge of institutional investment and mark a significant endorsement.
Given BlackRock’s striking 99.8% success rate with ETFs, their impact should not be underestimated. It’s worth recalling gold’s ETF debut in 2004, which triggered a massive 350% surge and a bull run that lasted for seven years!
Bitcoin Touches The $30K Mark
Bitcoin’s value dipped under the 20-day exponential moving average (EMA) of $30,032 and visited the critical $29,500 support level. This indicates that despite lower levels, buyers are still drawn to the market as evidenced by the long tail on the day’s candlestick.
Buyers are longing the price heavily near the dip and the equilibrium between supply and demand is suggested by the flat 20-day EMA and the relative strength index (RSI) being close to the midpoint. If the price surpasses the 20-day EMA due to buying pressure, we could potentially see a rally to $30,615, and thereafter to $31,846. This zone is expected to be fiercely defended by sellers.
The commencement of the next trend could be triggered by either a surge beyond $32,500 or a descent beneath $29,500. If the range breaks downwards through $29,500, we could witness a drop of the price to $27,200 and possibly further down to $26,000. Conversely, if the bulls manage to send the price beyond $32,400, the pair could trigger a rally towards the $40,000 mark.
The high-ranking Solana (SOL) has recently made headlines as its trading volume gains massive traction. This achievement marks a significant turning point for Solana, proving its position as a formidable investment prospect in the crypto industry. Conversely, DigiToads (TOADS), a revolutionary meme coin, is gaining immense traction, evident from the daily increase in yield and influx of investors participating in its live presale.
DigiToads is recommended to every investor, including gamers, traders, and NFT collectors, as one of the best cryptos to buy now. It presents a profitable NFT marketplace for NFT collectors and a series of trading contests. DigiToads also offers a prosperous presale with market-friendly prices, making this a great time to invest in the TOADS coin.
Let’s explore how Solana’s and DigiToads’ trading volumes gain massive traction and why this is a great time to invest in TOADS.
DigiToads (TOADS): Revolutionizing Gaming, NFT Collection, and Trading
The DigiToads ecosystem has experienced the growth of the TOADS meme coin as a prominent cryptocurrency in the DeFi market. Its exceptional features and successful presale have contributed to its mass adoption and increased trading volume. In the ongoing presale LilyPad 9 stage, over 364 million TOADS tokens have been sold, generating revenue surpassing $6.2 million. Currently valued at $0.047 per coin, TOADS offers investors a potential return on investment of 370%.
DigiToads has the best DeFi gaming space and highlights an outstanding Web3 game. In the game, TOADS token holders can actively engage in tournaments and competitions against each other. The TOADS tokens serve as currencies to purchase distinctive DigiToads characters, access exclusive gaming content, and acquire better abilities. Players receive TOADS coins as incentives for achieving top positions on leaderboards, winning competitions, and accomplishing milestones. DigiToads’ commendable reward strategy makes it one of the best cryptos to buy now.
DigiToads prioritizes community involvement in its NFT marketplace. The marketplace’s success, contributing to DigiToads’ surge in trading volume, is attributed to its impressive collection of unique NFTs. Within the DigiToads NFT marketplace, TOADS coin holders can access a variety of NFTs. During the ongoing presale, DigiToads has introduced 3500 NFTs available for minting. Owners of these NFTs can capitalize on their assets’ value by selling, trading, or holding them, creating opportunities for income generation.
Another notable reason now is the best time to invest in DigiToads is that it hosts a monthly series of trading contests. The contests offer 12 Platinum Toads—one for each month—as exclusive rewards. Owning a Platinum Toad grants the holder the responsibility of overseeing a portion of the DigiToads’ Treasury. The most skilled traders within the DigiToads community are entrusted with this role. The 12 Platinum Toad holders can receive a 10% share of any trading profits they generate for the Treasury. This strategic initiative fosters the best DeFi trading environment where traders are rewarded for their expertise.
Solana (SOL): Empowering High-Speed Transactions and Efficiently Executing Smart Contracts
Solana is a blockchain platform often referred to as the “Ethereum killer” because of its capability to serve as a capable alternative to Ethereum (ETH). The trading volume of Solana’s native SOL token has recently experienced significant development thanks to its innovative technology, scalability, and cost-efficiency. The platform’s ability to handle many transactions per second (TPS) has made it particularly attractive for traders involved in high-demand activities such as NFT trading.
With its fast transaction confirmation times and minimal network congestion, Solana offers a smooth trading experience, appealing to traders seeking quick and reliable execution. Solana’s compatibility with smart contracts has also propelled its trading volume to gain massive traction. SOL has become a preferred choice for developers and projects aiming to build decentralized applications (DApps) and facilitate seamless trading experiences.
Solana’s trading volume has gained massive traction due to its exceptional technological features and growing adoption within the DeFi market. On the other hand, DigiToads is experiencing a noteworthy surge in trading volume as it thrives in gaming, NFT, and trading niches. Now is an excellent time for intending investors to get involved with the TOADS coin to multiply their investments by 370%, play an immersive game, access a remarkable NFT marketplace, join trading contests, and stand a chance to win special Platinum Toads.
After much anticipation, the summary ruling in the Ripple Vs. SEC case has finally been announced, with Ripple coming out on top. Judge Analisa Torres declared that XRP should not be categorized as a security. However, the ruling has sparked extensive deliberation among experts, each offering their unique perspectives on the specific details and nuances of the case.
Chief Legal Officer at Coinbase, Paul Grewal, has stepped forward to provide valuable clarifications on the status of XRP and its compliance with Howey’s Test, a critical criterion used to determine asset classification.
Here’s what he had to say.
Paul Grewal Clarifies XRP’s Security Status
To address any potential misunderstandings about Judge Torres’ ruling, Grewal took to Twitter and emphasized that the ruling does not imply intermittent classification of XRP as a security. On the contrary, the ruling explicitly states that XRP is never considered a security.
Grewal pointed to page 15 of the ruling, highlighting that as a digital token, XRP does not inherently possess the characteristics of a “contract, transaction, or scheme” that fulfill the requirements outlined in the Howey test for an investment contract.
Coinbase to Relist XRP
Coinbase made the decision to remove Ripple’s XRP from its trading platform in January 2023, citing low usage as the reason for the delisting. Users holding XRP balances were informed of a “Coinbase Recovery Phase” to retrieve their funds after the delisting. Notably, Coinbase had already suspended XRP trading on its platform back in January 2021 due to the SEC’s lawsuit against Ripple Labs.
However, following the ruling in the Ripple Vs. SEC lawsuit, Coinbase’s Chief Legal Officer announced the decision to relist XRP.
Coinbase Gains an Edge Over the SEC
In June, the SEC filed a lawsuit against Coinbase and Binance, alleging that they allowed the trading of unregistered securities and should have registered themselves with the regulatory agency.
The initial hearing for this lawsuit took place on July 13th, during which the judge’s questions shed light on her viewpoint regarding the legal dispute. Reports indicate that the judge posed insightful questions and expressed skepticism towards certain responses provided by the SEC.
After maintaining a significant consolidated trend, the crypto markets were believed to trigger a notable upswing ahead. Meanwhile, the interference of bearish activity in the past few hours has hampered the upswing. Now that altcoins like Polygon (MATIC) and Solana (SOL) are available at lower rates, is it the right time to buy?
Polygon has been displaying significant strength despite the growing bearish pressure. The price has remained stuck at the crucial resistance level of $0.662 for the past few days, battling with the bears. Therefore, the MATIC price is believed to trigger a bullish rebound, which may assist the price rise close to the yearly high.
The price has rebounded from the interim lows at the ascending trend line and is currently consolidating within narrow ranges. However, an extended consolidation triggers a fine upswing ahead, but the bearish breakdown may eventually drag the prices lower.
Secondly, Solana has dropped below the crucial symmetrical triangle and has been trading under an acute bearish trend since then. The price displays fewer chances of a rebound and hence is believed to visit the lower targets in the coming days.
The price, which has regained levels above the trend line, is again testing the same support levels. Therefore, a minor bearish action at these levels may drag the price heavily, which may even mark new lows for the year. Besides, the strength of the rally does not appear to be high, due to which the bulls may encounter a tedious task to lift the price beyond bearish influence.
Collectively, Solana & Polygon have been maintaining their respective trends. While MATIC is preparing for a notable upswing, Solana’s price flashes signals to visit lower targets, which may keep the token in a deep bearish trend.
The crypto markets are rising slightly after being captivated by bears in recent times. The bitcoin price, which has slipped to $25,300, has regained levels above $26,700 at press time. However, the price is facing hindrances in clearing the resistance at $27,000 as the bulls appear to have drained in lifting the price back above $26,500. The price may have risen slightly, but the fear of rejection still hovers as selling pressure has not waned.
Therefore, is this the time to worry? Will the bitcoin price slip back below $25,000 as predicted by many?
Amid the current price variations, the BTC price continues to trade within the wedge pattern and is presently positioned above a major trendline on the daily timeframe. Unless the price maintains above the trendline, a successful breakout from the wedge may be expected, which may trigger a 20% to 25% upswing. In the event of a rejection, a drop toward $21,500 may be imminent.
In a surprising development, more than 1400 BTC, which were stationed at a dormant address for over 10 years, have come back to life. A transaction of 1432.92 BTC was sent in block 793344, speculating a fresh wave of volatility within the markets. Alongside, US CPI and FOMC, are scheduled for the coming week, which may further fuel the volatility.
Collectively, in the longer term, the star crypto, Bitcoin continues to remain bullish in nature and the current bearish action may resemble the accumulation for the upcoming run. Therefore, in the short term, the aforementioned levels need to be closely monitored as it have decided the next play for the BTC price.
In a surprising twist, renowned financial analyst Linda Jones has suggested that Ripple, the blockchain payment firm, should seize the opportunity to conduct its long-awaited initial public offering (IPO) when the price of its native cryptocurrency XRP is at a low point. Jones argues that this strategic move would prevent an artificially inflated market capitalization and ensure a favorable debut for Ripple as a publicly traded company.
Public Triumphs Over Private
Jones, a seasoned expert in the crypto realm, shared her insights during a lively conversation with Mark Phillips, a former U.S. Air Force veteran. When Phillips inquired about the advantages of Ripple going public, Jones eagerly explained that being a publicly traded company would allow Ripple to attract new institutional customers more effectively. Furthermore, the transparency and regulatory oversight associated with being publicly listed could provide Ripple with a competitive edge in the ever-evolving cryptocurrency landscape.
Expanding on her analysis, Jones pointed to several compelling reasons why Ripple’s IPO could be just around the corner. Notably, she highlighted a private roadshow meeting held by Ripple in April 2023, where the company actively engaged with industry analysts, seeking their valuable insights. This sign of preparation and collaboration demonstrates Ripple’s commitment to making a splash in the IPO market.
Ripple’s Reserve and Resilence
What sets Ripple apart, according to Jones, is its substantial cash reserves amounting to a staggering $1 billion. This financial fortitude puts the company in a prime position to brave the challenging IPO market, paving the way for a successful public debut.
Jones further emphasized the potential windfall Ripple could enjoy with the resolution of its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). A favorable outcome in this lawsuit could ignite a surge in demand for Ripple’s IPO, generating significant momentum for the company.
Intriguingly, Jones used her expertise to theorize that Ripple’s valuation could skyrocket by over twentyfold, reaching an astonishing $600 per share. Such a phenomenal growth trajectory would undoubtedly captivate investors’ attention and catapult Ripple into the spotlight.
Considering the strategic insights provided by Jones, it appears that Ripple may be contemplating a well-timed IPO, capitalizing on the lower XRP price point, mitigating market cap risks, and leveraging the anticipated resolution of its legal woes. The stage is set for Ripple’s grand entrance into the public markets, and all eyes are eagerly waiting to see when this crypto giant will make its move. Are you ready for it?
In the dynamic world of cryptocurrency trading, MATIC, a native token of the Polygon network, has encountered a significant hurdle as it faces rejection at a crucial trend line.
This development has sparked a cautious sentiment among traders prompting them to explore short positions on lower time frames to capitalize on potential market movements.
Read on to know whether the crisis would lead to the collapse of MATIC!
The trend line, serving as a technical indicator, has become a focal point for many traders analyzing the price action of MATIC against USDT (Tether).
As of the present moment, the token’s upward momentum appears to have been temporarily halted, leading to a growing interest in short-selling strategies.
Renewed Focus on Lower Time Frames: Explained
The rejection at the trend line has instigated a renewed focus on lower time frames, where traders believe they can identify short-term market trends and capitalize on potential price declines.
By closely monitoring these shorter time frames, traders aim to take advantage of potential fluctuations in the market to maximize their profitability.
— cryptoworld02 (@cryptoworld0222) May 29, 2023
Is MATIC heading toward a collapse?
While the rejection of the trend line may indicate a short-term obstacle for MATIC, it is essential to consider the broader context surrounding the token’s performance.
Generally, price movements in the cryptocurrency market are influenced by a myriad of factors, including market sentiment, fundamental developments, and external events that can impact the token’s value.
Polygon’s current price is $0.9069635 per MATIC/USD, with a market cap of $8.42 billion USD. Over the past 24 hours, it has seen a trading volume of $285.25 million USD. Polygon has experienced a -2.56% change during this period. Its circulating supply amounts to 9.28 billion USD.
Stay tuned to Coinpedia for all the latest updates in the crypto industry.
The mainstream crypto market has been more or less dead for a few weeks. Bitcoin has lost 1.88% in the last seven days. Ethereum is doing a little better, with a 0.66% dip in the same window. BNB, Polygon, Cardano, Dogecoin, Solana, Polkadot, and Chainlink – among scores of others – have similar stories to share. XRP, Tron, and Litecoin are the few exceptions to the trend, boasting tiny one-digit surges.
The lukewarm performance suggests that mainstream cryptocurrencies are highly saturated. It’s about time investors left these coins for emerging projects that power interesting new use cases.
Listed below are a few examples with large growth potential this year.
AiDoge – Viral meme coin ready for a startling explosion
Meme coins are all the rage now. New meme coins that enter the market every day are bringing exponential returns to early investors. Sometimes overnight. The phenomenon is super exciting and has captured global attention, further catalyzing the pump.
If you missed out on the recent meme coin explosions, here is another one that can kindle a bigger mania – AiDoge. This might not be your first time hearing about the meme coin as it went viral within a few days of its project announcement.
The reason is pretty interesting. The meme coin has its foot in three of the hottest trends of this millennium. Namely, AI, memes, and meme coins.
AiDoge is an AI-powered Web 3.0 platform that generates memes based on text prompts. It is fuelled by the doge-inspired presale meme coin $AI. The presale is already past its $11M milestone. That is more than what most cryptocurrencies manage to accumulate in a lifetime. The glowing presale strengthens the possibility of a 1000-2000% explosion on the token launch.
But unlike most meme coins we have seen in the past, $AI wouldn’t just be another with no utility or purpose. It plays an integral role in the AiDoge ecosystem. The primary utilities of the token are facilitating the platform’s credit, payment, and reward system.
At the heart of it, AiDoge generates memes for you with little input on your part. For example, you need not hunt down the image that captures your idea or rack your brain for a caption that suits the image. All of that is taken care of by the algorithms. It gives you ready-to-publish memes in minutes.
Since the platform relies on virality to derive its value, the memes are for anyone to see. That in turn, will drive more traffic and fuel consistently-growing demand for $AI tokens. It looks like the platform’s goal is to become a social hub where you can find the latest memes across different niches. The token-based credit system underpins the market relevance and sustainable growth of $AI.
Anyone who believes AiDoge’s fun, yet relevant vision can become a part of the project early on via the ongoing presale. At the time of this writing, the presale is about to sell out due to overwhelming traffic from meme coin investors. The fast progress of the presale hints at a bull run that is underway for the token.
AiDoge is a Web 3.0 project that has the potential to follow in the footsteps of AI platforms like ChatGPT and Dall-E. Combining the brand value of Doge, it might become a global phenomenon this year if it sticks to its ambitious roadmap.
Copium – When humor, FOMO, and camaraderie come together
Next on our list of altcoins to invest in the current bear market is Copium – the latest meme coin sensation that went 500% up the charts within hours of going live on 18 May 2023. The hype around the meme coin is getting bigger as more investors hoard it in anticipation of another explosion.
The project is not designed to become a fleeting crypto sensation like most meme coin assets. As a result, it can bring generous returns to investors who buy the token in the coming two weeks.
A closer look at the project will help you understand why.
To begin with, Copium’s unique theme and delivery have the capability to win a young audience. It is built around the theme of “coping” with missed opportunities. Humor and fellowship are at the heart of the project, inspiring users to navigate the unpredictable crypto landscape together. That has a higher rate of success.
Another factor that instills faith in the project is its multi-faceted marketing strategy which grows a community of believers in its vision, rather than mere investors. A good example is the exclusive, invitation-only presale that built massive hype around its Uniswap launch.
The presale was limited to 100 influential supporters in the crypto landscape and gave them skin in the game. It is accompanied by a unique NFT drop that compels investors to hold and increase their $COPIUM holdings.
As expected, Copium has succeeded in striking a chord with the meme coin community. The numbers look promising.
The rapid growth of the community to 18K members (on Twitter alone) hints at the project’s fast penetration into the meme coin market.
At the time of writing, Copium is on a short pullback. This is an excellent gateway to buy the tokens before its next bull run.
$COPIUM can generate anywhere from 400-500% returns by June, especially given that more investors are liquidating established meme coins like Dogecoin, Shiba Inu, and Pepe to join projects with larger rooms for growth. Being led by experienced developers and OGs, it has a long way to go.
Ecoterra – Cryptocurrency with the Highest Possibility for Mainstream Adoption
Ecoterra is a cryptocurrency that is on the radar of mainstream brands and celebrities. It is the native crypto of a recycle-to-earn platform of the same name.
The project is led by the mission to promote recycling, circular economy, and carbon offsetting. It makes this possible by harnessing the full potential of blockchain technology, which boasts a secure and transparent makeup.
Although the crypto market has no dearth of green crypto projects, Ecoterra has its eyes on recycling. A niche that most projects don’t dare to venture into. But the interesting thing is that recycling is one of the key pillars of climate action.
Why leave it out then?
And that explains the market relevance of Ecoterra and why it is a strong candidate for widespread adoption this year. Recycling initiatives require knowledge, technical skills, and resources. Ecoterra simplifies it and adds more vigor to it by rewarding you for every item you recycle following its directions.
You can hold, stake, or spend these tokens on various ecological activities. The recycling app is accompanied by a carbon-offsetting marketplace, a recycled materials marketplace, and an impact profile.
The fact that Ecoterra’s target market includes environmentally-conscious individuals, socially responsible small businesses, large corporations, industries, governments, and non-governmental organizations (NGOs) makes it one of the most promising projects of this year.
yPredict – Strong utility, tiny market cap, and large growth potential
We wrap up this list with yPredict – an AI-powered app that allows you to subscribe to data-driven insights, proven analytic metrics, and predictive marketplace trends on a monthly basis.
It is dedicated to all crypto traders who find it difficult to navigate the crypto market dominated by algorithms and bots. They have adulterated the market, making it extremely hard to make price predictions. In other words, it lowers the statistical edge of crypto investment and trading strategies.
With yPredict, you need not rely on news, social media influencers, or trading signals to get a grip on the market direction. The platform provides data-driven insights that help you hone your portfolio by tapping into a large ecosystem of Ai/ML experts, traders, and financial quants.
The DAO-curated financial prediction methods and metrics are designed by highly qualified data scientists. They are incentivized to improve the profitability of their models, while users are incentivized to choose the best predictive models.
The ecosystem consists of:
- A marketplace
- Trading tools
- A trading terminal
- High APY staking pools
The tiny initial market cap of around $6M makes YPRED an attractive early investment this quarter.
If you’re considering investing in the meme-based cryptocurrency Pepe (PEPE), you may want to take advice from Glauber Contessoto, also known as the “Dogecoin Millionaire.” Glauber became famous after investing his life savings in Dogecoin and achieving millionaire status. While Dogecoin experienced a significant drop from its all-time high, Glauber’s story garnered attention and established him as a prominent influencer in the crypto space. Recently, he shared insights on Pepe, suggesting a potential investment strategy.
Pepe’s Surge and Market Cap: Pepe, based on the internet meme “Pepe the Frog,” has gained immense popularity in recent weeks, leading to a remarkable surge of 1300%. It quickly reached a market cap of $1 billion, making it the fastest-growing Ethereum token, with a peak of over $1.6 billion. However, similar to other meme-based cryptocurrencies, Pepe’s extreme volatility caused it to decline by 61% from its record high. Several experts have expressed concerns about its sustainability, predicting its value to eventually drop to zero.
Accumulation Opportunities: Despite the current market downturn, Glauber remains optimistic about Pepe’s potential for a rebound. He advises investors to adopt a “buy the dip” strategy and capitalize on opportunities during market downturns. However, it is crucial to recognize the risks associated with cryptocurrency investments due to their speculative and volatile nature.
Pepe’s Current Status: At present, Pepe (PEPE) is experiencing a daily surge of 3.75%, reaching a price of $0.000001762. Although the market is currently dominated by bullish sentiment, the Parabolic SAR indicator suggests a potential upcoming price correction.
Investing in Pepe (PEPE) cryptocurrency requires careful consideration due to its volatile nature. Glauber Contessoto, the “Dogecoin Millionaire,” advises potential investors to wait until Pepe drops by 80%-90% from its all-time high before considering purchasing. He believes in the potential for a rebound, but it is essential to be aware of the risks involved. As with any investment, thorough research and understanding of the market are crucial before making any decisions.
The post Dogecoin Millionaire Shares Optimal Time for PEPE Investment appeared first on Coinpedia Fintech News
Glauber Contessoto, known as the “Dogecoin Millionaire,” has shared his investment plan for PEPE, a meme-coin. He suggests waiting for Dogecoin to drop significantly, around 80% to 90% below its all-time high, before considering any purchases. Contessoto gained fame in 2021 as a successful crypto investor and influencer. PEPE, which quickly reached a $1 billion market cap on Ethereum, has since experienced a decline of over 61% but Contessoto believes it could recover. He emphasizes the importance of researching, evaluating finances, and acknowledging the high volatility and risks associated with crypto investments before entering the market.
The crypto space has been displaying diverse trends for the past few weeks as the altcoins have been showing less dependency on the star crypto, Bitcoin. The majority of the altcoins, like Ethereum, XRP, Litecoin, etc., and many more, have been displaying immense strength that may raise the levels beyond the major resistance.
Altcoins like Litecoin have displayed acute bullish momentum with the hype surrounding the halving event and the newly launched LRC-20 standard. Besides, the XRP price is growing stronger, as the chances of a positive outcome in the Ripple vs SEC case are expected to be on the horizon. However, Ethereum is largely considered to be the most consistent crypto, which carries huge bullish momentum.
Therefore, the market sentiments and the conditions appear to be in favor of the altcoins, which may trigger a huge altseason in June or July.
The analyst, Captain Faibik, explains the conditions that may trigger an altseason. He says that if the BTC price continues to hover within the $26,000 to $30,000 range and the dominance fails to surpass the crucial 48% resistance level, then the altcoins may begin to fly, triggering a strong altseason.
A popular analyst, Michael van de Poppe, also believes that it is a good time to accumulate them.
“For altcoins, the time to accumulate then has come.
One year before the halving, time to buy those positions.
Reached an important level here, which is also approx. 1 year before the halving.
Which one are you accumulating,”
The crypto market is seeing positive momentum in recent weeks, despite several major risks. Crypto traders are looking at a few hot players, including Polkadot (DOT), Holochain (HOT), and HedgeUp (HDUP). HedgeUp (HDUP) is currently in its presale phase, already surging 44% since its start.
Polkadot (DOT) has been making headlines recently due to its latest parachain winner, Moonsama. The recent surge in Polkadot’s price is making traders ask if it’s time to cash out.
With Polkadot’s ability to connect different blockchains and enable customizability, it became popular among developers. Blockchain projects appreciate Polkadot’s flexibility when it comes to building decentralized applications.
The latest Polkadot parachain is Moonsama, a project aiming to boost NFT utility, supporting new generation NFTs. The platform is the latest addition to Polkadot’s ecosystem, which has grown rapidly over the past year. The project may enable Polkadot to become a major player in the NFT space, and boost it in the long run.
The recent upgrade to the Holochain Beta network has led to bullish momentum for the network. Holochain could be set to become one of the major crypto tokens out there. That’s why some traders believe that Holochain could reach $1.
Holochain (HOT) is a peer-to-peer distributed platform for hosting decentralized applications. Its major innovation is a framework for developing dApps that doesn’t rely on blockchain technology.
As a platform for decentralized apps, Holochain’s goal is to bridge the dApp ecosystem with the broader internet. Holochain aims to offer a marketplace in which dApps are easily accessible to all users.
HedgeUp (HDUP) is a cryptocurrency platform that is focused on bringing alternative investment products to the crypto market. The platform aims to democratize access investing in such as wine, diamonds, gold, and luxury watches.
By enabling users to invest in these assets in fractionalized form, HedgeUp (HDUP) will enable anyone to invest in these assets. The platform will do so with the help of fractionalized NFTs representing each asset.
The ultimate goal of HedgeUp (HDUP) is to bridge the gap between traditional and crypto investors. By offering access to a wider range of investment products, HedgeUp (HDUP) aims to help crypto investors diversify their holdings.
HedgeUp (HDUP) will enable users to invest in a broad range of investments. These include NFTs representing individual assets, asset classes like luxury watches, yachts, gold etc. The project will also enable users to invest in Hedge Up (HDUP) baskets which combine multiple assets or asset classes.
HedgeUp (HDUP) also plans to integrate a DAO to oversee investment baskets, liquidity allocations, and ongoing developments. This ensures that the project remains decentralized and community-driven. The token’s price recently rose 44% to $0.013, as investors jumped on the opportunity.
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficia
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Ripple‘s XRP has taken the country’s crypto market by storm, leaving popular assets like Dogecoin (DOGE) in the dust. In fact, XRP’s trade volume has surged to a jaw-dropping $16 billion since the beginning of the year, according to data from crypto market intelligence provider Kaiko.
Unprecedented Trade Volume Growth
Kaiko’s analysis of the top altcoins, based on trading volumes since the beginning of 2023, considered multiple exchanges, including South Korea’s four largest exchanges – UpBit, Bithumb, Coinone, and GOPAX – and Coinbase. XRP’s trade volume on these South Korean exchanges has skyrocketed, surpassing Nano and Dogecoin, with more than three times the volume.
XRP’s trade volume on the top four South Korean exchanges is greater than the combined volume of the three assets ranking second to fourth. Despite the ongoing legal battles with the U.S. Securities and Exchange Commission (SEC), XRP has experienced an impressive price surge over the past 90 days, outperforming Bitcoin. The asset’s price has increased by 37% within this period, currently trading at an average price of $0.51.
Awaiting Crucial Legal Decision
Ripple Labs and its executives continue to fight the SEC to prove XRP is not a security. Amid the legal battle, Ripple’s Chief Legal Officer, Stuart Alderoty, clarified concerns about the exclusion of XRP from the Liquidity Hub (LH). Alderoty explained that LH is an enterprise product not catering to retail, with low liquidity in the United States due to legal uncertainty.
As Ripple anticipates the conclusion of its legal case with the SEC, a significant decision by Judge Analisa Torres could arrive within a matter of days or weeks. XRP supporter and lawyer John E. Deaton has suggested that this decision could come by May 6. If accurate, investors may have limited time to acquire XRP at discounted prices, with the recent slide potentially offering a good opportunity to buy at a relatively low price.
Bitcoin’s price hit a yearly high of around $30,399 earlier today, up by almost 7%, per market data from Binance-backed Coinmarketcap. This price surge comes after three weeks of consolidation in a double top-like formation, leading most crypto traders to expect a dip before continuing with the uptrend.
However, the opposite happened, and over 89% of Bitcoin short traders were liquidated in the past 24 hours, leading to losses worth approximately $106 million, according to market data provided by Coinglass.
Bitcoin Dominance and Whales
Following this breakout, Bitcoin’s dominance in the crypto market increased to approximately 48.43%, standing at around $579,769,425,230 on Tuesday. Santiment, a market intelligence platform, also cited several Bitcoin whales who increased their on-chain activities in the past 24 hours.
Bull Market Continues
Macro analyst trader Jason Pizzino believes that Bitcoin price is in the last stages of this year’s bull market, but the bears may not push it below $18k again in this cycle.
He noted that the entire market, including stock indexes like the S&P 500, is showing bullish momentum in the higher time frame.
Elliott Wave Theory and Weekly Golden Cross
In terms of technical analysis, Bitcoin price is approaching its last cycle in the Elliott wave theory. The fifth wave is typically the largest if the third wave did not outperform the first wave.
With the recent breakout, it is only a matter of time before a weekly golden cross happens between the 50 and 200 MAs.
Don’t miss out on the latest news and updates on Bitcoin’s price movements. Watch this space for more!