Is XRP Really a Security? Top Lawyers Clash in Fierce Debate
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As the Ripple lawsuit nears its conclusion, a burning question ignites the conversation among legal experts: Is XRP a security? In a recent debate, Australian lawyer Bill Morgan throws fuel on the fire, mentioning XRP burns to challenge the notion that all XRP-related transactions are securities. But what was the counter-argument?
Marc Fagel: A Former SEC Lawyer Weighs In
Marc Fagel, a former SEC lawyer, joined the conversation, firing off a response to Morgan’s statement. According to Fagel, for liability to be found, the ‘instrument’ in question must be a security based on its offer and sale. The debate heats up – how does the Securities Act fit into this picture?
Does the Securities Act Hold the Key?
Fagel points to Section 5 of the Securities Act, which mandates the registration of a security sale. But Attorney Morgan was quick to rebut, arguing that the ‘instrument’ on a native Layer-1 (L1) blockchain, like the XRP Ledger, bears no relation to investing. What does this mean for L1 crypto assets?
Morgan maintains that L1 crypto assets primarily serve to pay transaction fees or reward network validators. These assets, he argues, aren’t necessarily offered by issuers – a fact that challenges the SEC’s stance. But the plot thickens – what about XRP’s utility?
The Utility of XRP: A Hotly Contested Issue
Despite the SEC acknowledging the utility aspect of XRP in the ongoing Ripple lawsuit, it still argued that XRP utility is limited. Morgan, however, presents a personal anecdote about using XRP to purchase a cap – a transaction that resulted in a minor ‘burn’ of XRP. But what exactly is this ‘burn’ and how does it relate to the security debate?
Following his purchase, Morgan revealed that a fraction of the XRP he used was ‘burned’. He insists that such a minuscule amount of burned XRP – less than a cent – could hardly be considered a security. How does this tie into the broader XRP ecosystem?
The XRP Ledger Burn Mechanism: A Security Deterrent?
The XRP Ledger operates a burn mechanism, burning all XRP gathered as fees. This mechanism wasn’t established to boost XRP’s price via scarcity but to combat spam transactions and maintain network security. As the debate simmers, one question remains: Will this be enough to tilt the scales in Ripple’s favor?
As we watch the ripple effects of this debate, one thing is clear – the Ripple lawsuit’s conclusion will shape the crypto landscape for years to come.
Also Read – Ripple News: XRP Takes the Lead, Surpasses Bitcoin by a Stunning 30%
Top 3 Must-Have Cryptos To Buy Now For Your Portfolio
As we venture further into 2023, the cryptocurrency landscape continues to evolve and surprise investors. Amid the kaleidoscope of emerging tokens, three stand out for their unique value propositions and growth potential. They are DigiToads (TOADS), Stacks (STX), and Avalanche (AVAX).
DigiToads, an intriguing meme coin, offers a quirky blend of amphibian-themed entertainment and serious decentralized finance opportunities. Stacks and Avalanche, on the other hand, are established cryptocurrencies that are revolutionizing the blockchain technology space with innovative solutions.
DigiToads (TOADS)
No longer content to reside in the shadow of their amphibian cousins, the frogs, DigiToads leap into the spotlight, bringing with them an exciting and ambitious crypto project. TOADS is a meme coin with an agenda, introducing a level of interactivity and community involvement that sets it apart from many other projects.
The presale of TOADS offers a distinct opportunity to be part of an innovative and humorous project from the very beginning. The unique tokenomics of the TOADS ecosystem, aptly named “TOAD-KENOMICS,” sets a tone of balance and community-driven growth. The circulation of 585M TOADS is distributed with forethought.
The allocation includes 69.29% for presale, 13.16% for community growth and liquidity, 7.29% for competitions and prizes, 5.2% for development, and a 5% share for the team. This ensures that the vast majority of TOADS is directed towards fostering community engagement and building liquidity – essential elements for a thriving crypto project.
DigiToads is not merely a token; it’s a universe. It leverages the NFT craze by offering DigiToad NFTs – digital representations of toads that users can collect, breed, and even let them “roam the swamps” to catch “financial flies.” It introduces a unique staking system where each TOADS NFT staked earns an equal percentage of a dedicated staking pool over time, incentivizing users to HODL.
At the heart of the TOADS ecosystem lies the concept of a community-driven treasury. The treasury supports all features and functions, ensuring market activity remains vibrant. It fuels the liquidity pool, supports the token’s deflationary model, and can be used for further development of the DigiToads project.
Another remarkable feature of TOADS is its integration of DeFi into the project. The team has plans to establish its own decentralized exchange to foster a more robust community of TOADS enthusiasts, providing on-chain leverage and acting as a revenue source for the project.
Stacks (STX)
Stacks (STX) bring a new dimension to the Bitcoin blockchain. STX introduces the concept of smart contracts to Bitcoin, extending its capabilities beyond being a mere store of value. By building on the secure and trusted Bitcoin blockchain, Stacks provides a platform where developers can create decentralized applications (dApps) and tokens native to Bitcoin. This unique approach unlocks new potential for Bitcoin and adds an extra layer of utility, making Stacks a potential game-changer and a worthy addition to your portfolio.
Avalanche (AVAX)
Avalanche (AVAX) is making waves in the DeFi landscape with its groundbreaking consensus protocol. AVAX boasts high throughput, low latency, and robust security. Its platform is capable of processing thousands of transactions per second, providing a scalable and efficient environment for decentralized applications. Furthermore, the platform supports the Ethereum Virtual Machine (EVM), enabling existing Ethereum dApps and protocols to transition to Avalanche smoothly.
Conclusion
As we navigate the ever-evolving world of cryptocurrencies in 2023, DigiToads, Stacks, and Avalanche have demonstrated considerable growth potential. DigiToads offers an engaging community-centric ecosystem, Stacks unlocks novel functionalities for the Bitcoin blockchain, and Avalanche stands out with its innovative consensus protocol and Ethereum compatibility. Investors looking to diversify their crypto portfolio would do well to consider these three. Their unique attributes not only set them apart but also position them for significant potential returns in the dynamic landscape of digital currencies.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Why Crypto Market is Up Today? Analyst Revelas Top Reasons
The total crypto market cap edged 1.4 percent higher on Friday to stand around $1.19 trillion. Bitcoin and Ethereum lead the rest of the altcoin market in gains, up approximately 2 percent to trade around $27,182, and $1,894 respectively during the early Asian market on Friday. The sudden price reversal in the crypto market coincided with a significant drop in the United States Dollar Index, a measure of the value of the United States dollar relative to a basket of foreign currencies, in the past 24 hours.
The U.S Dollar Index suddenly reversed on Thursday after being on a rising trajectory in the past three weeks. Notably, a weakening United States dollar is an added advantage to Bitcoin and the rest of the digital assets.
Analyst Take on Bitcoin and Crypto Market Outlook
According to Bob Baxley, Chief Technology Officer of DeFi infrastructure platform Maverick Protocol, the crypto markets may have to reckon with the U.S. Treasury’s state of its general account, which shrunk significantly in the past few months. In this regard, Baxley noted that the crypto liquidity could significantly reduce as the U.S. treasury tries to reload its general account.
“The risk here is that the roughly trillion dollars flowing back into the general account could suck a tremendous amount of liquidity out of the market,” Baxley noted. “Something like this happened in 2019, and the strain placed on the market basically compelled the Federal Reserve to step in and add emergency liquidity to prevent a full-blown crisis. So, in short, just because a deal has been reached doesn’t mean we are out of the woods yet.”
Top Reasons Why XRP Price Is Flourishing Despite The SEC Lawsuit
The XRP market has demonstrated immense potential in revolutionizing cross-border payments. Despite the ongoing SEC vs Ripple lawsuit, XRP continues to thrive globally, with a traded volume of approximately $1.58 billion in the last 24 hours. With a fully diluted valuation (FDV) of around $50 billion, the XRP market is poised for further growth post-lawsuit resolution.
Rising XRP Holders
On-chain analysis by Coinmetrics reveals a rapid increase in the number of XRP addresses holding more than $10k. This surge brings them close to an all-time high (ATH), indicating growing interest and investment in XRP.
XRP Social Volumes Reach Yearly High
Santiment data highlights a remarkable surge in XRP social volumes, reaching the highest level in over a year. Over the past 19 days, the XRP price has risen by approximately 22 percent, making it the top trending digital asset. The on-chain analytics platform also notes a significant spike in address activity recently.
Also Read: Will XRP Price Hit $2 Anytime Soon? Decoding The Possibilities – Coinpedia Fintech News
Lawsuit’s Impact on the Altcoin Industry
The SEC vs Ripple lawsuit is considered one of the most significant cases in the Web3 industry, with the potential to influence regulatory frameworks. Its outcome will have far-reaching implications for the altcoin industry, especially for ERC20s on the Ethereum network. According to data from Messari, XRP’s price has surged since March, fueled by positive news regarding the lawsuit.
$XRP surged in March twice, following positive news of the legal battle between @Ripple and the SEC.
The ongoing case began in 2020 when the SEC charged Ripple with conducting an unregistered security offering for the $XRP token. pic.twitter.com/5KzvaLJnzg
— Messari (@MessariCrypto) June 1, 2023
XRPL Revenue Surges
Notably, Messari reports a substantial increase in XRPL revenue since March, paralleling a 34 percent surge in XRP’s underlying value. These developments underscore the market’s confidence in XRP and its potential for growth.
XRP, Litecoin, Tradecurve emerging as top performing cryptos in May
New XRP (XRP) vs. SEC case updates indicate a growing probability that XRP (XRP) will win. The SEC opened the case in late 2020, alleging that XRP (XRP) had performed an unregistered security offering through its token sale.
If XRP (XRP) ends victorious, it will be a massive boon for crypto, and regulatory concerns which have suppressed price action will evaporate, allowing altcoins to rally and rally hard. Analysts turn their eyes to XRP (XRP), Litecoin (LTC), and Tradecurve (TCRV) as the top performers this month.
Tradecurve (TCRV) The Trading Experience of Tomorrow Today
Tradecurve enters its presale’s next stage, and this high-performance trading platform looks ready to explode in the coming weeks and months. Analysts have already forecast a 5,000% surge before the presale closes, and a deep dive into the protocol explains why.
Tradecurve is a one-stop-shop for the ultimate trading experience with 500:1 leverage, anonymity built in (traders only need an email address and crypto to collateralize to start trading on the platform), and access to forex, commodities, stocks, and crypto markets.
Tradecurve provides institutional-level liquidity more closely mirroring a centralized exchange regarding liquidity depth but remains fully decentralized and provides transparent on-chain pricing.
With the broad swing towards decentralized services and the growing popularity of artificial intelligence (AI) services, Tradecurve rests on the frontier of two powerful narratives. The platform token $TCRV grants investors exposure to the platform’s overall growth and access to its back-tested AI trading algorithms.
With plans to onboard 100,000 within three months of launch and introduce Proof of Reserves, Tradecurve looks to establish itself as a dominant player in the trading industry- easily one of 2023’s most exciting prospects.
XRP (XRP) Could Potentially Beat SEC
XRP (XRP) has been embroiled with the SEC for more than two years, and this case has perpetually hung over XRP (XRP), preventing the token from making any meaningful rally. However, that looks set to change given the most recent developments and some superb work from XRP’s (XRP) legal team.
XRP (XRP) was launched in 2012 and provided an alternative to the antiquated SWIFT system allowing money to travel across borders within minutes. XRP (XRP) brings cross-border payments into the modern era, and this use case drove XRP’s (XRP) early growth.
XRP (XRP) has rallied more than 10% in the last week alone as investors and traders bet on the SEC losing. Analysts expect XRP (XRP) to trade between $0.85 and $1.02 in 2024, with this price prediction factoring in an XRP (XRP) victory.
Litecoin (LTC) Halvening Approaches
Litecoin (LTC) is a crypto often forgotten by investors. Typically outshone by Bitcoin (BTC), the network from which it was initially forked. Litecoin (LTC) reduced the block time allowing for cheaper and faster transactions, and as a result, has been more rapidly adopted by merchants globally.
Litecoin (LTC) was released in 2011, and its long history stands as a testament to the project’s utility. But what has excited investors is the upcoming halving event where Litecoin’s (LTC) block rewards will half. Price will naturally increase if demand stays constant, but supply is reduced by 50%. Analysts expect Litecoin (LTC) to trade between $155.80 and $192.39 in 2024, with the halving occurring in August this year.
Find out more about the Tradecurve presale here:
Website | Buy TCRV Presale Tokens | Twitter | Community on Telegram
Predicted Top Altcoins For 2023 Include Uwerx (WERX), Quant (QNT), and Lido DAO (LDO)
Though the cryptocurrency market has been very bearish for most of 2022, cryptocurrency adoption continues. This tells investors that older coins are improving their fundamentals to meet the ever-changing demands of the current market.
Therefore, investors must search for fundamentally good coins with solid utilities as the year ends. In light of this, analysts predict Uwerx, Quant (QNT), and Lido DAO (LDO) as top altcoins for 2023.
Quant (QNT) Investors Expect A Bullish Trend In The Coming Weeks
Quant (QNT) currently has a market cap of $1.80 billion and has outperformed many popular altcoins in the crypto market. A look at the previous 30 days shows that Quant (QNT) had a 13.1% price increase. At press time, Quant (QNT) has a market price of $124.08 after a 1.2% price decrease over the past day.
Before the market downturn due to the FTX exchange implosion, Quant (QNT) was comfortably trading above the $160 price level. However, when the FTX implosion occurred, the value of Quant (QNT) nose-dived to about $95.28 on November 14. But, over time, Quant (QNT) bounced back to above the $100 price level to its current price.
The chart shows that Quant (QNT) price action is forming an ascending triangle pattern. This is a bullish indication, and investors expect Quant (QNT) to have a good bull run in the coming weeks.
Lido DAO (LDO) Is Experiencing A Downtrend Post-FTX Collapse
The Lido DAO (LDO) token had a drop in its popularity in November during and after the FTX exchange collapsed. This resulted in Lido DAO (LDO) facing less demand and, therefore, more downside. Lido DAO (LDO) also had a reduced number of active addresses holding its crypto from the second week of November to the month’s end.
Lido DAO (LDO) currently still has a low number of active addresses, but there was a little uptick in the number of addresses held by the top addresses. Apart from this upside, data from Lido DAO (LDO) staking showed that the token had increased staking deposits starting from November’s end. Analysts believe this could mean more demand for the Lido DAO (LDO) token.
This cryptocurrency has experienced a decline since mid-August and hasn’t recovered from its bearish performance in November. Currently, Lido DAO (LDO) is worth $1.05, and market experts predict that with the increase in demand for Lido DAO (LDO) staking, the price might experience a bull run in the coming months.
Uwerx (WERX) Token To Rank Among The Top Cryptocurrencies Of 2023
Uwerx will be a freelance platform built on the Polygon blockchain network, offering a decentralized and transparent environment for freelancers and clients. With the gig economy and freelance industry showing resilience and growth, Uwerx presents itself as a lucrative investment opportunity in 2023.
Compared to its competitors, Uwerx charges lower fees, specifically 1% instead of 20%. The platform also provides the best possible security and transparency for all data stored on the network. InterFi Network and Solidproof have granted audit approval to the Uwerx platform, ensuring trustworthiness and reliability.
The current price of WERX is a modest $0.0315, but come Friday, 2nd June at 15:00 UTC, expect a surge to $0.041. Alongside this, the added bonus on orders will adjust down from an advantageous 20% to a still generous 15%. Acquiring WERX at its current rate will not only provide a lucrative asset, but also a compelling 20% purchase bonus. Now is the time to act – familiarize yourself with Uwerx and seize this unique investment opportunity today via the links below.
Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit
The shifting sands of the legal landscape in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) are leading to an air of uncertainty. This perspective was recently highlighted by a popular voice in the cryptocurrency world, Ben Armstrong, more commonly recognized by his online persona, BitBoy Crypto.
BitBoy Crypto’s Ripple of Doubt
On his recent live Twitter broadcast, Armstrong brought a magnifying glass to Ripple’s current affairs, including the heated lawsuit, the company’s public profile, and the performance of its native token, XRP. The crypto pundit cast doubt on the lawsuit’s outcome, a shift from his previous near-certainty of Ripple’s victory.
Armstrong highlighted Ripple CEO Brad Garlinghouse’s recent comments suggesting the lawsuit’s final verdict is only weeks away, sparking speculation that the case might have reached its conclusion behind closed doors. Armstrong, however, expressed reservations: “I don’t know if that’s true… And it is going to be absolutely amazing when this thing is over – one way or the other.”
Impending Implications for the Crypto Landscape
The social media influencer went on to underscore the monumental influence that the lawsuit’s outcome would bear on the crypto industry. Regardless of the verdict, the reverberations would be felt industry-wide, with the implications taking a particularly negative turn should Ripple lose the case.
While Armstrong has traditionally leaned towards Ripple emerging victorious, recent developments have caused him to question this outcome. “I thought it was guaranteed for the longest time – I’d say, 99.9% sure, but the way the government’s going right now, I don’t know.”
SEC vs Ripple: An Expanding Discussion
Adding further nuance to the unfolding drama, lawyer Bill Morgan pointed out that the SEC chief, Gary Gensler’s sweeping statement branding all cryptos (excluding Bitcoin) as securities without thorough investigation is more political than legal.
Finally, Armstrong cited a promising comment from Garlinghouse, who, after seeing the “Hinman documents” pertaining to the case, assured that the SEC’s conduct would leave everyone in shock once the truth is unveiled.
Top Reasons Why Ethereum Price May Still Make it to $2000 in the Next Few Days!
The Ethereum price began a decent rise above $1800 levels and further broke the crucial resistance at $1880. As the levels crossed the $1920 mark, the bears got activated and quickly slashed the price back below $1900. Although it faced a downward correction to $1885 levels, the ETH price still carries the possibility of bouncing back above $2000 in the coming days.
Ethereum Exchange Reserves Dries-Up
The balance on the exchanges is one of the important factors that point out market sentiments. The rise and fall of the balance reserve levels indicate whether the trader is willing to accumulate or liquidate high holdings, which further impacts the value of the token. In a recent update, the reserve balance of ETH on the exchanges dropped to a 5-year low.
One of the top analysts, Lark Davis, recently shared a chart mentioning the drying reserve balance over the exchanges. As per him, only 17.8 million ETH are left over from the exchanges now. Whenever the trader wishes to sell his/her holdings, he/she tends to transfer them back to the exchanges, and this is when the balance on the exchanges soars.
However, in the present case, the balance has dropped heavily, indicating the traders are willing to hold the token for long-term gains. Apart from this, there is also a bullish trend line forming, with support near $1880 in the short term. As the ETH price continues to trade above the major support at $1880 and the 100-D SMA levels, the possibility of rebounding and hitting the immediate resistance at $1,920 is pretty high.
Therefore, once these levels have been secured tightly, the next stop could be above $2000, as the major resistance resides around $2040, which may lift the price close to $2120. Else, in case of a bearish pullback, the price may test the crucial support at $1885, and if it fails to hold, a couple of lower targets at $1870 and later at $1815 could be tested. Moreover, if it fails to hold here, a downtrend below $1800 could also be on the horizon.
Top Lawyer Suggests XRP FOMO Delayed Until Coin Reaches $2 Mark
In a provocative forecast, the highly recognized cryptocurrency attorney and fervent supporter of XRP, John Deaton, proposed an intriguing market observation on social media. He opined that XRP, currently valued at $0.48, might not experience any significant fear of missing out (FOMO) in the market until its price soars to the $2 threshold.
Rebound Signs Stir Optimism
Despite a somewhat sluggish onset of the week, XRP – the proprietary digital asset of the Ripple network – manifested signs of reviving towards the weekend. This indicates possible robustness and potency in the network’s performance as the year progresses.
Over the past fortnight, XRP has demonstrated notable resilience, with a price appreciation of approximately 13%. This upward price trajectory can be largely attributed to Ripple’s increasingly strong fundamentals that are driving the accumulation of digital asset.
Technical Indicators Signaling Upside Movement
From a technical perspective, XRP has forged an inverse head and shoulders pattern, which will be finalized upon achieving a break and closing above its neckline. The 20-day exponential moving average (EMA) of $0.45 has been trending upward, while the Relative Strength Index (RSI) has escalated into the positive domain, suggesting an uptrend as the path of least resistance.
Should the bulls manage to sustain the price above the neckline, a rally toward the resistance zone ranging between $0.54 and $0.58 is foreseeable. The projected target for this optimistic setup is $0.55.
The Battle between Bulls and Bears Continues
Analyzing the four-hour chart, XRP finds itself in a rigorous contest between the bulls and the bears around the neckline. The ascending 20-EMA and the RSI within the positive territory signal a slight advantage to the buyers.
If the price successfully rebounds off the 20-EMA, the likelihood of a break above $0.48 increases, possibly triggering an upward movement. Conversely, if the price drops and breaks below the moving averages, the short-term advantage could be swayed toward the bears, causing the token’s price to retreat to $0.44.
XRP was worth $0.47 at the time of writing this article.
Ripple News: Top Reasons Why XRP Price Can Hit $1 in June
The cryptocurrency community, especially the XRP community, is currently buzzing with excitement about a possible resolution in the prolonged Ripple vs SEC lawsuit. Apart from that, the recent volatility in the market has sparked hopes for a potential rally with the price hovering near the $0.46 and $0.47 levels. As explained by YouTuber ExtraVOD, June holds significant events that could be game-changers for XRP.
According to them, June seems poised to be an explosive month for XRP, with multiple events looming on the horizon. The SEC vs. Ripple case continues to be a focal point of discussion, as the deadline for the Hinman documents approaches on June 13th. The outcome of this case could potentially have far-reaching implications for XRP and its status as a regulated digital asset.
Moreover, reports of Chinese hackers targeting critical infrastructure using novel methods have raised concerns about cybersecurity and its potential impact on the crypto market. These events, along with other unforeseen black swans, have contributed to an atmosphere of anticipation and uncertainty.
He also said that the phrase “price before the law” has gained traction within the XRP community. It suggests that the price of XRP may experience a surge before any regulatory clarity or legislation is established.
XRP Price Analysis
XRP holders have enjoyed a remarkable few weeks as the value of the token has surged by over 13% since May 11. This impressive upward trend continues to gain momentum, sparking speculation within the community about the possibility of XRP reaching the coveted $1 mark. Following a strong upward trajectory in the past two weeks, the token is now trading at the $0.47 levels. As the community prepares for potential game-changing events, all eyes remain on XRP’s price movements in the coming weeks.
Top 3 Reasons Why Bitcoin (BTC) Price Will Surge By 150% Soon
A highly regarded crypto analyst is making a bold forecast, suggesting that the world’s leading cryptocurrency, Bitcoin (BTC), could experience a remarkable surge and shatter its previous all-time highs this year.
Bitcoin: Historical Outlook
The analyst shared his bullish outlook on BTC with his Twitter followers. Comparing the current state to the 2020 impulse, Credible Crypto points out that it took about three months for Bitcoin to complete a support/resistance flip and retest at the $10,000 level. Just two months later, Bitcoin rallied by an impressive 90% and went on to reach new all-time highs within six months, representing a surge of over 500%. The analyst confidently asserts that achieving new all-time highs is not an impossible feat, as it has been accomplished before.
Keep hearing “how can we reach new ATH before the end of the year? It’s impossible.”
About where I think we are now compared to our last impulse. Note that the S/R flip and retest at 10k took about 3 months to complete.
2 months later we had rallied 90% to new all time highs.… pic.twitter.com/6KYjkju3QY
— CrediBULL Crypto (@CredibleCrypto) May 24, 2023
Also Read: Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer
However, what’s going to drive this surge?
Perfect Retest: Bitcoin has yet to undergo a perfect retest of the black support/resistance level at $25,200. While not a prerequisite, there remains a possibility that the local low for this retest has not yet been established. If the analyst’s thesis holds true, the downside potential from current levels should generally be limited.
Historical Patterns: Credible Crypto cautions that while history does not repeat exactly, it often exhibits similarities. While not expecting an exact time and price correlation, the movements in Bitcoin’s price are anticipated to display resemblances to previous patterns.
Accelerating Ascent: As Bitcoin progresses through impulse waves, the rate of ascent tends to accelerate, particularly during a parabolic advance. Interestingly, the current rate of ascent is expected to be the slowest within the entire journey toward a new all-time high. This suggests that a rapid ascent to prior record levels is not only plausible but also expected if this indeed marks the beginning of a significant impulse. Notably, as Bitcoin climbs higher, larger price candles are typically observed.
“With both prior impulses of this cycle ($3,000 – $14,000 and $10,000 – $60,000), bigger candles were observed as Bitcoin climbed higher.”
Credible Crypto’s analysis concludes that Bitcoin could climb and surpass previous all-time highs. Looking at the historical aspect, BTC’s 150% is not unrealistic and will be euphoric for long-term holders. Do you agree?
Sparklo (SPRK) Rivals XRP (XRP) and Ethereum Classic (ETC) for Top Tokens
Sparklo is pioneering a unique idea on the blockchain. The excitement around the project means adoption is imminent and will put it in a strong position to compete with XRP (XRP) and Ethereum Classic (ETC).
Sparklo (SPRK) offers unique trading on the blockchain
Sparklo aims to offer the crypto community a unique opportunity to invest in NFTs representing real-world luxury investments. Through Sparklo, members can invest in platinum, silver and gold through NFTs, either completely or in fractions.
Sparklo’s presale is underway at only $0.026. This cheap price is followed by a 50% bonus, summing up the presale’s incredible deal. Besides being cheap, Sparklo is also a profitable project, according to experts. They believe the project has the potential to record 3,000% growth by December 2023. So, what are you waiting for? The presale link is just below.
Moreover, to secure your investment, liquidity will be locked for 100 years and the tokens of the team will be locked for 3 years. Furthermore, with its audited smart contract by InterFi Network and completed KYC audit, the project and presale are safe.
XRP (XRP) trades sideways as investors search for better entry points
XRP’s (XRP) parent company, Ripple, is leading an initiative that aims to support decentralized infrastructure. In a tweet released May 23 by Dispersion Capital, it said a $40 million initial fund will be invested in decentralized infrastructure, with 10% already deployed. Although XRP (XRP) is still in the middle of a legal tussle, it nonetheless continues to make positive waves in the crypto space.
XRP (XRP) is currently trading at $0.46 as of the time of writing and has been trading sideways in the past week. On the 24-hour price chart, XRP’s (XRP) value has decreased by 1.25% but has experienced 1.48% gains in the past 7 days at press time. Although XRP (XRP) will experience a significant spike in price at some later time, we believe it won’t be as significant. The Sparklo presale, on the other hand, comes with promises of considerable growth.
Ethereum Classic (ETC) is currently trading in tandem with Ethereum (ETH)
Ethereum’s (ETH) hard fork, Ethereum Classic (ETC), is one of the most popular tokens, ranking 25th. Ethereum Classic (ETC) trades at $18 but has been facing selling pressure in recent times. In the past 24 hours, Ethereum Classic (ETC) has experienced a 1.9% drop in price at press time. Further, a 7.8% decrease in price on the 30-day chart shows a bearish trend on the monthly chart.
Ethereum Classic (ETC) is trading in tandem with Ethereum (ETH) in the 24-hour chart as of press time. A price swing in Ethereum (ETH) might show a similar result in Ethereum Classic (ETC). Notwithstanding, Ethereum Classic (ETC) doesn’t offer exponential growth, at least not as much as Sparklo, making the latter more profitable.
Find out more about the presale:
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Top Expert Outlines Why The XRP Army Is The Strongest In The Cryptoverse
Renowned Forbes contributor Sam Lyman ignites conversation around the influential force known as the ‘XRP Army.’ Comprising passionate XRP enthusiasts, this collective has emerged as a critical player in the cryptocurrency realm, amid a surge of legal challenges gripping the crypto industry.
Right now, the #XRPArmy is carrying all of crypto on its back.
If the court rules in favor of @Ripple, it would provide a critical legal precedent for the industry that would protect digital assets from further overreach by the SEC.https://t.co/ToM9ZygXq0
— Sam Lyman (@SamLyman33) May 25, 2023
Regulatory Confrontation
The XRP Army takes center stage in the escalating confrontation with regulatory entities. Their actions hold significant weight in the crypto world, as a victory for Ripple could set a precedent that safeguards digital currencies from perceived regulatory overreach by the U.S. Securities and Exchange Commission (SEC), ultimately protecting the entire industry.
Ripple’s CEO Anticipates Legal Resolution
Ripple CEO Brad Garlinghouse expresses optimism about the impending conclusion of Ripple’s lengthy legal skirmish with the SEC. During a recent interview, he confidently predicts that the case could reach a resolution in a matter of weeks, rather than months, especially considering the recent court proceedings involving the Hinman emails.
The Ripple-SEC Dialogue Expands
Crypto attorney and dedicated XRP advocate John Deaton playfully responds to Garlinghouse’s prediction on Twitter, attracting the attention of other legal heavyweights such as Jeremy Hogan and James K. Filan. Their engagement further amplifies the discussion surrounding Ripple’s legal battle and its potential implications.
Judge’s Ruling Unveils Crucial Evidence
A crucial legal development arises as Judge Analisa Torres denies the SEC’s request to seal the ‘Hinman documents.’ These internal discussions within the securities regulator revolve around a 2018 speech by William Hinman, the former Division Director. Hinman’s statement that Bitcoin (BTC) and Ethereum (ETH) do not meet the criteria for classification as securities becomes a pivotal element in this high-stakes court case.
Also Read: Ripple Price Prediction 2023, 2024, 2025, 2026 – 2030
The XRP Army and Ripple’s legal battle continue to captivate the crypto community. With legal heavyweights engaging in the discussion and crucial evidence coming to light, the resolution of this legal saga draws nearer.
Crypto Market Analysis: Top 4 Metaverse Token With Bullish Outlooks for June and July
Amid the Artificial Intelligence (AI) hype this year, the metaverse projects have recorded slower growth compared to the mania a year and a half ago. As a result, metaverse projects have amassed lesser funding and growth in the past twelve months. Nevertheless, the metaverse industry remains an area with immense potential to grow into a trillion-dollar industry over the coming years.
According to the latest crypto market data provided by Binance-backed Coinmarketcap, the crypto tokens used in the metaverse industry had a total market capitalization of about $13.3 billion on Thursday.
According to a popular crypto analyst with more than 60k Twitter followers, Captain Faibik (@CryptoFaibik) the top Metaverse coins with a bullish flag include The Sandbox (SAND), Axie Infinity (AXS), Enjin Coin (ENJ), and Decentraland (MANA).
#Metaverse Coins Look Promising for June/July 🧐
– $SAND
– $AXS
– $ENJ
– $MANA pic.twitter.com/Y4FdhMOEfr— Captain Faibik (@CryptoFaibik) May 25, 2023
The Sandbox (SAND)
As for The Sandbox (SAND) token, the analyst deduced a falling channel with the price retesting the upper band. A breakout above the upper resistance level could lead to a 385 per cent rally in the next two months.
Axie Infinity (AXS)
Similarly, the analyst plotted a bullish scenario if Axie Infinity (AXS) breaks out of the upper band of a multi-week falling trend.
Enjin Coin (ENJ)
In regards to Enjin Coin (ENJ), an Ethereum-based ERC-20 token used for social gaming, the analyst noted the price is currently retesting the lows of a breakout, thus subjected to a 309 per cent rally in the next two months.
Decentraland (MANA)
As for Decentraland (MANA), Captain Faibik noted that the token could rally 10x in the next two months if a breakout to the upper side materializes.
Top Crypto Influencers Share Their Picks for the 5 Best Crypto Investments
Are you wondering where to allocate your funds in the diverse crypto market? Look no further. We’ve gathered insights from renowned crypto influencers who have generously shared their top five picks for the most promising crypto investments.
Pepe (PEPE), Milady Meme Coin (LADYS), Uwerx, Sui (SUI), and Ordnials (ORDI) are among the top-rated cryptos. These tokens have features that set them apart. Brace yourself as we explore the details of these tokens.
5 Trending Crypto Stocks to Buy Now
Below are the crypto stocks with the best future outlooks to invest in now:
- Pepe (PEPE): The Future of Digital Collectibles
- Milady Meme Coin (LADYS): Where Laughter Meets Crypto
- Sui (SUI): Seamless Solutions for the Digital Age
- Ordinals (ORDI): Integrating NFTs into the Bitcoin Network
- Uwerx: Revolutionizing Creative Collaboration
Pepe (PEPE): The Future of Digital Collectibles
Another meme coin that has garnered significant media attention since its inception is Pepe (PEPE). It is a meme coin that has garnered considerable attention since its inception. This cryptocurrency token recently entered the top 100 clubs and is now peacefully seated among the greats.
The meme coin market has taken off because of Pepe Coin’s (PEPE) stellar performance on the charts. Price increases of nearly 3,000% have allowed PEPE to navigate the market’s turbulence. Pepe (PEPE) currently sells for $0.000002, and experts predict it might increase to $0.00001 before the end of Q3, 2023.
Milady Meme Coin (LADYS): Where Laughter Meets Crypto
After seeing exponential returns over the past few days, the Milady Meme coin (LADYS) has emerged as the hottest meme coin. Since last week, the Milady (LADYS) token has gained much attention as it competes with other meme coins.
As a result, the 0.0000000834 price of Milady (LADYS) has increased by about 60%. Experts foresee more increases of up to 2,000% before the end of the year if the social media hype continues.
Regardless of the bright future of Milady (LADYS), Uwerx promises to be better. Uwerx sold out its four preceding presale stages in record time. Its presale has set the required grounds for more ground-breaking price gains.
Sui (SUI): Seamless Solutions for the Digital Age
Sui (SUI) is a Layer 1 blockchain technology that has generated much interest in the crypto community. The platform has launched its main net and has advanced significantly with the achievement of this long-awaited milestone.
The Sui (SUI) mainnet enables users to fully participate in the Sui (SUI) Network blockchain ecosystem. Sui (SUI) Network delivers various intriguing features and functionality with the debut of the main net.
Analysts predict a 200% increase from its current price of $1.2302. Users can create smart contracts, develop decentralized applications (DApps), and manage safe digital assets.
Ordinals (ORDI): Integrating NFTs into the Bitcoin Network
Using NFTs and tokens, Ordinals (ORDI) coin provides data like text and images and uses the Bitcoin protocol. The Bitcoin network is the first cryptocurrency developed in the BRC-20 format. Most of the Ordinals (ORDI) stock was Airdropped to users.
The current trading volume of Ordinals Coin (ORDI) is nearly $21 million. The Ordinals (ORDI) token is selling at $11.55, 60% below its all-time high of $29.04. Several analysts predict that Ordinals (ORDI) will hit a minimum of $20.5 by Q4 2023 because of its increasing adoption.
Uwerx (WERX): Revolutionising Creative Collaboration
Uwerx is revolutionizing the world of decentralized finance with its comprehensive approach and exciting features. One notable aspect is the commitment to transparency and security. The contracts will be renounced once the project is ready to be launched on centralized exchanges, providing users with the assurance of a tamper-proof system.
The ongoing presale presents a unique opportunity for early participants. Currently, in stage 5, tokens are available for $0.0225 each, and purchasers can enjoy a generous 20% bonus.
Uwerx platform’s transaction fee is now set at just 1%, translating into more cost-effective and seamless transactions for users. Also, exciting developments are on the horizon as Uwerx is gearing up for the gradual release of its alpha platform, with new updates coming this week. The first step is releasing the landing page and Sign-In/Sign-Up page on Friday, 19th May 2023. Users can unleash their creativity, collaborate seamlessly, and drive success in various endeavors.
Uwerx is also introducing the Uwerx Vault, which allows storing their WERX tokens in the vault for different durations. Users can earn rewards based on the platform variables, ensuring that their assets work for them.
Furthermore, Uwerx has undergone auditing by reputable firms such as SolidProof and InterFi Network, solidifying its commitment to transparency, security, and trustworthiness.
Uwerx has already gained recognition in cryptocurrency with its listing on CoinSniper. Moreover, the project is set to be listed on Uniswap by 1st August, expanding its reach and accessibility. With growing sign-ups of over 5,000 individuals already, the momentum and enthusiasm surrounding the project continue to build.
Furthermore, a Twitter poll was created, and of 98.2% voted for Uwerx to carry out a Test Airdrop. So, the Airdrop will take place towards the end of the presale. Also, 82.8% voted for an imminent token lock. So, the WERX tokens will be on a liquidity lock before the end of the presale rather than the end.
Join Uwerx’s (WERX) Presale Now!
Uwerx’s presale stages have witnessed impressive progress and community engagement. Stage 1 was completed in 17 days, while stages 2 to 4 took just 20 days combined.
Uwerx’s hard-cap presale end date is on 31st July 2023. Whether you’re a crypto enthusiast, a creative professional, or a business owner, Uwerx offers a comprehensive platform combining the best technology and collaboration to drive success.
Join the Uwerx revolution today and unlock your full potential in the digital realm.
Use the links below to gain access to more information on Uwerx:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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Top Reasons Why Bitcoin’s Price May Reach $30,000 Before This Weekend!
The Bitcoin price has been bullish since the early trading hours, as the prices have risen up from the previous day’s lows at around $26,500. The price is currently trading above $27,200 but requires a minor boost to break above the crucial resistance at $27,500. Although, the token displayed a bewildered price movement, the possibility of a bullish breakout appears to be pretty high after the recent upswing.
The moving average, or MA, levels are considered one of the important resistance or support levels. The hourly or daily MA levels offer the base in case of an extended bearish trend, and hence rising above these levels, flashes bullish signals for the crypto in the short term. However, if the price surges above the weekly MA, then it can be considered bullish in the long term, regardless of whether the rally is trading under the bearish influence in the short term.
Presently, the BTC price is trying to bounce off the 200-week MA levels, which displays the accumulated strength among the bulls. The bulls are slowly elevating the price, which appears to be a sluggish trend for the bears. Therefore, this may be the reason that the price has remained stuck within the region without rising above the resistance or plunging below the support levels.
Therefore, it is now important for the Bitcoin (BTC) price to sustain above $27,000 and try to surge beyond the crucial resistance at $27,500 initially and later at $28,000. However, the price is required to reach above $29,000 anyhow which may trigger a healthy upswing to test $30,000. Although the bears may quickly attempt to dominate the rally, the bulls may hold the price above the support levels and trigger a fine upswing ahead.
Top 7 Web3 Design Agencies Crypto Startups Should Consider in 2023
Cryptoсurrency, blockchain technology and decentralized platforms are only becoming a part of our lives, meaning that our first interactions with them are of utmost importance. That’s why if you’re about to launch your own Web3-centric business, one of the first things to do is carefully consider your product design. As a crypto startup founder, if you decide to execute it in-house, you may be under the threat of:
- Overdevelopment;
- Allocating budgets and resources unwisely;
- Creating poor user experience and inconsistent interface;
- Re-building and re-designing core functionality when scaling up your business.
All this means additional stress on your budget, unnecessarily prolonged design phases, and, of course, the inability to successfully onboard users to your project. So why risk? Guide into the process correctly by getting in touch with professional designers who will do everything right.
This piece reviews 7 Web3 design agencies that are all great for early-stage crypto and blockchain tech companies – in terms of their expertise, tech proficiency, and portfolio.
Best Web3 Design Agency for Crypto Startups: Top 7 Picks for 2023
1. Pixpowder
Pixpowder is a Web3-focused design agency with a persuasive portfolio of streamlining crypto products. They are incredibly versed in product design and creating top-level applications, having helped to build multiple startups in the most innovative blockchain ecosystems like Cardano and Polygon.
The agency is probably the best choice in terms of “price-quality” – it offers all-round design support to early-stage companies with vastly different budgets. Pixpowder’s list of services includes:
- Web apps
- Mobile apps
- Websites
- Branding and logos
- Motion design
- Pitch decks
Having worked in Web3 for 5 years, an award-winning team of 10+ specialists has a deep understanding of the industry and crypto economics. Pixpowder takes a data-driven approach to designing Web3 products, identifying the company’s business needs at the outset. This allows it to deliver truly innovative software functions which are well thought out in terms of UX/UI.
Pixpowder is not a conveyor-like agency and works with a limited number of projects simultaneously. As for interaction with customers, it ensures high speed and full transparency of communication and production.
2. Embacy
Embacy is a digital design and development agency that specializes in creating websites and branding for both startups and scaleups with substantial budgets. However, their “price-quality” ratio is pretty good based on their clients’ reviews. Embacy’s portfolio features many projects across FinTech, EdTech and other tech industries along with crypto and Web3 innovations.
The agency employs 50+ digital professionals, providing personal project managers and design teams for each client. Apart from web design and branding, it has a range of services such as:
- Brand strategy
- UX and UI
- Motion design
- Front-end development
Embacy adheres to a proactive approach to crafting the optimal design solutions. It puts big emphasis on the company’s goals as well as mindful design that mostly relies on Dribbble’s ongoing trends and improves the product’s performance, business logic, and user retention.
3. Cuberto
Cuberto is among the leading digital agencies that develop and design award-winning websites and mobile apps for online businesses. They’ve already delivered a number of trend-setting digital products and designs to world-famous tech giants like Raiffeisenbank, Qiwi and ABBYY, but their portfolio shows they deal less with crypto and Web3 clients.
The agency has been making waves in the design community since 2020, offering a solid expertise and a complementary combination of services, namely:
- Development (Javascript, Objective C, Swift, etc.)
- Web design
- Mobile app design
- UX and UI
- Branding and logo design
Cuberto has a great online presence, with booming profiles on Behance and Dribbble. A couple of possible drawbacks are that it currently focuses more on development with less emphasis on design itself and works with minimum budgets of $20,000 – this is Cuberto’s standard cost for creating a landing page.
4. Tubik
Tubik is a design agency that primarily contributes to large and medium-sized businesses, but they also help early-stage companies at all funding stages. Among the reputable brands who put their businesses in Tubik’s hands are Huawei, Opera and uMake. Similar to Cuberto, the agency is engaged in Web3 design, but doesn’t choose it as their main specialization.
Being included into the top 20 design teams on Dribbble, Tubik forms small groups that are responsible for performing the tasks needed to achieve clients’ goals:
- Product design
- UX and UI for both web and mobile
- Graphic design
- Motion design
- Branding and rebranding
- Webflow and development
When it comes to budgets, the agency works with projects of all sizes and can even dump the costs of their services to defeat rivals in the markets they cover. But luckily, it doesn’t affect the quality of their designs in any way.
5. QClay
QClay is a creative agency based in Dubai. In addition to creating design solutions, they also conduct all initial research as well as post-launch optimization and testing.The industries under QClay’s radar are finance, business, and information technology. But the agency has also participated in launching some Web3 projects in the NFT, DeFi, GameFi, and crypto sectors.
QClay’s global team of researchers, strategists, designers and technologists fully immerses itself into the client’s project, executing the following services:
- Web design
- UX and UI
- Branding
- App design
- Web development
Just like Cuberto, QClay is interested in working with design budgets of no less than $10,000. So if you take your first steps to become a cash-rich startup, this agency may not be your perfect match.
6. Orizon
Orizon is a recognized design agency from Canada. Their specialists have worked with companies like Apple, RedBull and Zara, while also empowering numerous startups and MVPs so that they went from concept to investment and boosted their revenues to nine-figures.
The agency claims that they are dedicated to turn complex digital products into pleasing and easy-to-use experiences, which is exactly what Web3 design is all about. Orizon provides a robust set of relevant services such as:
- Blockchain design
- NFT design
- UX design for decentralized products
- Metaverse design
- Crypto wallet design
One distinguishing feature of Orizon is the way they organize their presale cycle: after filling out the contact form, a client immediately receives a tailored presentation to introduce the agency’s offering and a personal manager to establish fast communication.
However, you should be ready to pay for the service like that – the design budgets Orizon works with start from $25,000!
7. LAZAREV.
Lazarev. is dedicated to building user experience for both early-stage startups and established brands. Their industries include but aren’t limited to FinTech, EdTech, SaaS, mental health, and real estate. The Web3 space is also of the agency’s interest but it has a more subtle presence in their portfolio.
Having received numerous design awards like Webby, Lazarev. can be of help if your rising business needs high-performing:
- Product design
- Web design
- Mobile design
- Redesign
- Mobile development
The agency’s team is rather responsive and provides design deliveries quickly. However, collaborating with Lazarev. will require your startup to have at least $50,000 allocated to design needs, which makes it the most expensive option in this list!
Choose Your Ideal Web3 Design Agency
Companies that are developing crypto, blockchain or other Web3 products need to ensure that the design agency they would like to turn to understands the industry from the inside out and has real experience in bringing Web3 startups to a higher level with the help of design.
Each of these digital design agencies has its ins and outs, but all seven can become well-suited options for businesses looking to start their journey in Web3. They have decentralized products in their portfolios – one may have more, one may have less, – with Pixpowder and Orizon standing out as absolute leaders in terms of Web3 tech proficiency.
So, the decision is up to you – think over your business goals and choose which Web3 design agency is your best fit!
Top 2022 NFT Collections’ Shine Diminishes with Lower Floor Prices
Some popular NFTs collections from the previous year are struggling currently. Doodles collections fell 90% from 23 ETH to 2.3ETH. A web3 marketplace ‘Opensea’ shows a floor price of 2.169 ETH($3,900). Doodles has 9,999 collectibles with the highest list at 123.456ETH($222,00). Cryptoslam reported to Doodles that the sales volume fell to $2.4 million in April compared to $53 million in April 2022. The Moonbird NFT collection also experienced a decline. Floor prices decreased by 94% from 32ETH to 2.1ETH, and Moonbird sales volume fell from $484M to 3.1M.
The Top 5 Ways to Start Accepting Crypto Payments Today – No Tech Skills Required
While some merchants may shy away from integrating crypto payments due to perceived technical complexities, there are several user-friendly solutions available that require no advanced tech skills. In this article, we will explore the top five ways to start accepting crypto payments today, without the need for extensive technical knowledge or expertise.
1. Payment Processors:
Payment processors act as intermediaries between customers, merchants, and the blockchain network. These platforms simplify the process of accepting crypto payments by handling the technical aspects on behalf of the merchant. Popular payment processors like BitPay, CoinGate, and Coinbase Commerce offer user-friendly interfaces and straightforward integration methods. By signing up for an account, merchants can generate payment buttons or invoicing systems that can be easily embedded on their websites or shared directly with customers via email or messaging apps.
2. Peer-to-Peer Payment Apps:
Peer-to-peer (P2P) payment apps provide a convenient way to accept crypto payments directly from customers. These apps are designed to facilitate quick and easy transactions between parties without the need for complicated setups. Platforms like Venmo, Cash App, and PayPal have integrated cryptocurrency functionalities, allowing merchants to accept crypto payments seamlessly. Simply create an account, link your bank or wallet, and start accepting payments from customers who use these apps.
3. E-commerce Plugins and Extensions:
If you operate an online store or use popular e-commerce platforms like Shopify, WooCommerce, or Magento, you can leverage plugins and extensions specifically developed for accepting crypto payments. These plugins provide a simple way to integrate crypto payment options into your existing online store without requiring coding skills. Popular plugins like CoinGate for WooCommerce and BitPay for Shopify allow you to add crypto payment gateways to your checkout process with just a few clicks.
4. QR Code Payments:
QR code payments offer a user-friendly and straightforward method for accepting crypto payments in physical retail settings. All you need is a smartphone or tablet with a camera and a compatible cryptocurrency wallet app. Simply generate a QR code with your wallet address and display it at your checkout counter or provide it to customers via receipts. Customers can then scan the QR code using their wallet app and initiate the payment directly to your wallet. This method requires no technical skills and provides a seamless experience for both merchants and customers.
5. Decentralized Payment Gateways:
Decentralized payment gateways, such as Polus Payments, provide a user-friendly solution for accepting any crypto payments in decentralized services like marketplaces, GameFi platforms, and lending protocols. These gateways integrate a decentralized crypto wallet into the merchant’s account interface, making it easy to accept crypto payments without prior technical knowledge. With simplified registration processes and no manual checks or KYC requirements, merchants can quickly start accepting crypto payments without sacrificing convenience or security.
One of the primary objectives of the Polus Payments team is to educate users about security in the crypto space. Unlike centralized payment gateways, Polus Payments operates as a non-custodial service, meaning it does not store customers’ funds. This decentralized approach ensures that users have full control and ownership of their assets, minimizing the risk of hacks or theft. By embracing decentralized solutions, merchants can instill trust and confidence in their customers while transacting with cryptocurrencies.
By integrating the Polus crypto Wallet into the merchant’s personal account interface, Polus Payments allows even those unfamiliar with cryptocurrencies to accept digital payments seamlessly.
The combination of convenience, security, competitive pricing, and user-friendly interfaces makes Polus Payments an ideal solution for businesses venturing into the world of crypto payments. With support for multiple blockchains, low fees of just 0.5%, and fast registration via email, it provides a seamless experience for users.
Embrace the future of payments today and unlock the benefits that come with accepting cryptocurrencies.
Top Indicators Suggest Traders Moved Out of Bitcoin-Will BTC Price Remain Stuck Below $28,000?
Ever since the contemporary takes have strengthened their existence, the primitive tokens appear to have lost their charm. The traders are hysterically behind these new tokens which are marking 2000% to 3000% growth in just a few days, while their use cases and the fundamentals are not properly known. And this could be the reason, a steep drop in the on-chain fractals is compelling the Bitcoin (BTC) price to hover within a limited range.
A popular on-chain platform, Santiment, recorded a major drop in some fractals of Bitcoin that suggests traders are opting out of the network. The unique BTC address that interacts with the Bitcoin network has dropped to a 22-month low.
The drop in unique addresses has dropped to some serious levels that were not visible since July 2021. Currently, less than 800,000 daily unique addresses are transacting on the network, which once soared above 1.1 million. Besides, the supply on the exchanges has also dropped heavily, which induces some faith in the impending bull rally.
Despite the traders expecting a long-term gain as they hold the token out of the exchanges, yet the volatility of BTC has been marking significant lows. As per the data from an on-chain platform, Intotheblock, the BTC volatility reaches historical lows. The 60-day annualized volatility has fallen below 40% for the 8th time in the past 5 years.
Besides, the volume remains below this level for 5 weeks which has resulted in a 46% gain. However, the price has also experienced a 50% crash, 3 times following these conditions. Therefore, if history repeats, a notable rise in the Bitcoin (BTC) price may be expected that may follow a major correction.
Top 4 Reasons Why A Bitcoin Bull Run Is Imminent – Glassnode Co-Founder
The crypto market is riddled with volatility and unexpected twists and turns. In a situation like this, it’s common for analysts and experts to be on either side of the fence- some remain bullish, whilst others are bearish.
Glassnode co-founder Yann Allemann has uncovered exciting evidence suggesting that Bitcoin is on the brink of an explosive price surge. As the leading cryptocurrency consolidates around the $26,800 mark, is it possible for bulls to take over?
Factors Pointing to a Bullish Breakout
Despite prevailing market fears, Bitcoin has maintained a steady range between $26,500 and $27,100, setting the stage for a potential price rally. He highlights several key factors that support this optimistic outlook:
Exhausted Short-Sellers: A growing number of short-sellers are throwing in the towel, sensing the impending shift in Bitcoin’s fortunes.
Robust Support Levels: Bitcoin’s price has consistently held above the 50 and 200 Simple Moving Averages (SMAs), reinforcing strong support levels that have withstood multiple tests.
Bullish Trend Confirmation: The recent “golden crossover” event, with the 50 SMA crossing above the 200 SMA, signals a bullish trend in the making.
Tightening Bollinger Bands: The tightening of Bollinger Bands indicates an upcoming significant market move, adding to the anticipation of a surge.
Short Sellers Exhaustion
The analyst effectively argues that Bitcoin’s ongoing consolidation is depleting short sellers, enhancing the prospects of an upward surge in its price. However, caution is still advised as the Relative Strength Index (RSI) has yet to exhibit clear momentum indicators for the anticipated rally, introducing an element of uncertainty to this exciting narrative.
At the time of writing, Bitcoin is trading at $27,381.60, with a 24-hour trading range spanning $26,590.05 to $27,416.89. The cryptocurrency has already witnessed a thrilling 1.5% surge, fueling excitement among market participants.
Bitcoin (BTC) Predicted to Rally as Top Crypto Analysts Set Bullish Targets
In a rare show of alignment, Bitcoin (BTC) is generating excitement among crypto enthusiasts as three prominent analysts share a bullish outlook for the leading cryptocurrency. These analysts, Michaël van de Poppe, Kaleo, and Bluntz, have expressed optimism about Bitcoin’s potential for a significant price surge.
Michaël van de Poppe Sees Bullish Signals for Bitcoin
In a recent update to his Twitter followers, crypto strategist Michaël van de Poppe has shed light on the encouraging signs visible on Bitcoin’s weekly chart. Despite moving mostly sideways and downwards since April, Bitcoin’s current price at $27,000 may seem discouraging for a potential rally anytime soon.
However, according to van de Poppe, despite the recent retreat from the psychological resistance level of $30,000, Bitcoin is still trading above two crucial technical indicators. He believes that Bitcoin’s upward momentum will continue, with a projected test of $27,600 and a potential rally toward the $38,000 to $42,000 range.
Kaleo says “$40,000 is still a magnet.“
Joining the bullish sentiment, popular crypto analyst Kaleo predicts Bitcoin will attain new yearly highs. Kaleo highlights Bitcoin’s reclaiming of support of around $27,000 as a significant development. He views this as a compelling risk/reward long setup, suggesting the possibility of a return to range highs. Kaleo maintains a target of $40,000, a level that continues to exert a magnetic pull on Bitcoin.
Bluntz Anticipates Resumption of Bitcoin’s Uptrend
Renowned for accurately calling the 2018 Bitcoin bottom, pseudonymous trader Bluntz shares an optimistic outlook on Bitcoin’s price action. Analyzing the daily chart, Bluntz notes positive follow-through candles after a reversal on Friday. Indicating a potential completion of the three-wave ABC corrective move from $30,000, he suggests that Bitcoin may be preparing for new all-time highs. Despite prevailing sentiment anticipating further downside, Bluntz emphasizes the potential for a renewed uptrend.
As of writing, Bitcoin is trading at $27,072, and it remains to be interesting to see whether it will reach the price targets set by these experts. Do you think the price targets of $38,000 to $42,000 will ignite some fire in the pit as BTC is expected to reach the ultimate target of $1M? Tell us your views.
As Michaël van de Poppe rightly said, “The market always surprises us. So, let’s see what happens next.”
Top Reasons Why Litecoin (LTC) Price Will Go Parabolic Soon
The Litecoin (LTC) ecosystem is waiting for the third halving to take place on August 03, 2023. The Litecoin halving event will reduce the supply of new coins by half thus helping existing LTC assets gain more value. Furthermore, Litecoin has a fixed total supply of 84 million and a programmed block reward to miners.
As a result, the third largest proof-of-work (PoW) blockchain, after Bitcoin and Dogecoin, has recorded a sharp uptick in on-chain metrics in anticipation of the halving rally.
Moreover, Litecoin’s price did not rally beyond its ATH after the second halving event, which happened in August 2019. In this regard, crypto traders anticipate the Litecoin price will go parabolic this time after accumulating more fundamentals over the years.
Reasons Why Litecoin is More Bullish
According to a crypto trader and founder of Coinchartist alias Tony “The Bull”, Litecoin price is about to go Parabolic in regards to Hurst’s Cyclical theory. Coupled with the fact that Litecoin has already crossed bullish on the one-month LMACD, while Bitcoin and Ether are still lagging, the analyst is convinced the LTC market is well positioned for a huge breakout.
Additionally, the crypto trader noted that Litecoin price is well supported by the Elliott Wave theory. In this regard, the crypto trader expects Litecoin to rally strongest as his technical analysis shows the LTC market entering the fifth wave, which is considered the largest.
Meanwhile, the analyst noted that Litecoin transactions have significantly spiked almost outperforming Bitcoin.
“Being bearish here doesn’t make sense to me. The idea that we’re merely seeing another 2019 repeat, is extremely basic & is going to fool people into thinking they have several years to buy back in. Momentum says otherwise. This is going to run & you are going to chase it,” the analyst concluded.
Top Attorney Bill Morgan Elucidates on Ripple’s Escrow and the SEC’s View
Renowned attorney, Bill Morgan, recently shed light on the role of escrow accounts in demonstrating a common enterprise in a Twitter exchange. His remarks were in response to queries about Ripple, the technology company behind XRP, one of the leading digital currencies.
Addressing the Escrow Concern
Morgan’s comments were sparked by a tweet from a user going by the handle @/mtbulbbright. The user sought the opinions of Morgan and fellow distinguished lawyers John Deaton and Jeremy Hogan on the ongoing discussions about Ripple’s escrow following the LBRY case. The user proposed a potential solution: “Could a potential solution by the court be, we will let you keep the escrow in a cupboard and you only use it to meet demand and you have to prove it.”
In response, Morgan offered a strategic approach taken by Ripple. He wrote: “Ripple came up with a solution in 2020. While there is regulatory uncertainty, only sell XRP to ODL customers. Demand for the use of XRP in ODL seems to be quickly increasing.” He was referring to the company’s On-Demand Liquidity (ODL) service, which utilizes XRP for instant, low-cost international transactions.
SEC and the Escrow Element
Morgan further clarified the position of the Securities and Exchange Commission (SEC) regarding the issue of escrow.
He tweeted: “Yes, the SEC refers to the escrow to show common enterprise in its SJ motion. It is one of several steps it alleges Ripple took as good stewards of XRP to buttress XRP’s price. ‘The escrow account’s purpose was to remind investors of the common enterprise XRP represented.’”
Another Twitter user, @/cryptofunn1, questioned if the SEC had indeed raised the escrow issue, or if it was merely a concern expressed by a few misguided XRP holders who believed the escrow’s existence and Ripple’s alleged dumping of it were preventing XRP from reaching $100.
Analyst Micheal van de Poppe Lists Out Top Altcoins for the Week!
Crypto markets witnessed choppy trends during the past weekend where the majority of the tokens, including Bitcoin and Ethereum traded sideways. While the global crypto market cap witnessed a jump of 1.27% and a rise of 16% in the trading volume. This led the BTC price to rise slightly above $27,000, however, the bearish influence continues to be all around.
In the meantime, some of the altcoins are displaying possibilities of undergoing a diverse action ahead. Top analyst, Micheal van de Poppe lists out 4 altcoins to keep a close watch this week.
PEPE (PEPE)
PEPE coin price witnessed a slight increase over the past few days that raised the levels by nearly 100% to mark the highs around $0.0000021. Despite a minor outback, the price continues to trade around the gained levels, indicating the token preparing itself for a giant price action in the coming days. The analyst also points out the plateaued trend signaling a strong accumulation phase.
“This one is making a bear market relief rally, I would say.
Needs to hold above 173000, then we could see continuation towards 24000.
If 1730000 is lost, then I’m looking at playing a short and trying to catch a long to 85000,”
The Graph Token (GRT)
The Graph token has been trading under a bearish trend and after breaking from its initial support, is currently heading towards the next support levels. Presently, in the short time frame, the price is hovering within a very narrow range that may certainly appear the price to be within an accumulation phase, preparing for a breakout.
“Overall quite simple.
Lost crucial support at $0.13, which needs to be reclaimed before I’m interested.
Otherwise, I’d be looking at the area at $0.097 for a potential long play,”
Quant (QNT)
After a steep downtrend, the QNT price is trying to hold at one of the crucial support levels, that may trigger a decent rebound as it did before. As the trend has lowered its resistance, the weakness of the bulls also emerges, but at the same time, the possibility of accumulation of strength cannot be eliminated. Therefore, in the next few days, a decent price action may be expected.
“Interesting price action, as we’re hitting HTF support here
Am I interested? Not yet. I’d prefer to have a flip of $112 before activating a long and that one can run fast and quick to $175.
Otherwise, looking at $76,”
Avalanche (AVAX)
Avalanche price was undergoing a parabolic move since the start of 2023, but the recent price drop has compelled the price to slice through the lower trend line. However, the AVAX price is managing to hold above the crucial support as the bulls may have entered the game. Therefore, a rise may be expected which may assist the price to test higher targets.
“ In a point of interest, which in comparable with other altcoins.
However, trend remains to be downwards, if LTF gives confirmation, I’d be pulling a long here.
Reclaim $16.50 is necessary I’d be looking at $12 for longs,”
Top Altcoins to Watch Next Week: SOL, BNB, MATIC Price May Break Resistance
As the crypto market continues to demonstrate its high volatility influenced by recent economic fluctuations, a trio of altcoins – Solana (SOL), Binance Coin (BNB), and Polygon (MATIC) – are poised to break through resistance levels next week. The recent uplift in the crypto market has been sparked by a positive Consumer Price Index (CPI) report, a critical economic indicator that triggered a surge in Bitcoin’s (BTC) price and altcoin market; however, there has been a steep decline since then. Amid all these, experts believe there may be a potential rebound for the altcoin market next week.
These Altcoins are Aiming for Potential Breakout
The crypto market has been hovering around the extreme red zone for the last few days, which occurred following the CPI report. Though investors gained some bullish confidence following Bitcoin’s breakout above $30K, the recent sharp collapse has stunned the market with a possibility of more price dips ahead. However, analysts predict it is the perfect opportunity to dive deeper into potential altcoins, as there is a possible breakout next week.
Solana (SOL) Price Analysis
Over the last four days, Solana has been hovering around its immediate support level of $19.82. This indicates that while investors are capitalizing on price dips, they haven’t yet managed to initiate a significant recovery.
As of now, the SOL price is trading at $20.21, gaining over 2.5% in the last 24 hours. The 20-day EMA has begun an upward trend, and the RSI is recovering from its bearish territory, suggesting a slight advantage for the bulls. If the bulls manage to break above $21.5, it could mean that the price is getting enough buying pressure to jump to its next resistance level at $23-$25. In this scenario, the price might attempt a surge toward $27.
On the other hand, if Solana’s price dips further from its current level or follows a downtrend below the 38.6% Fib level, it signals the persistence of negative market sentiment. Consequently, the SOL price could potentially drop to $16.
Binance Coin (BNB) Price Analysis
BNB’s downward trajectory continued, approaching its immediate support at $300. Currently, the BNB price is trading at $310, with a surge of over 1.3% from yesterday’s rate. In the short term, BNB may soon attempt to surge above its EMA200 on the 4-hour price chart.
This could pave the way for the asset to ascend toward the overhead resistance at $338. As it stands, the pair could keep oscillating within the wide range of $300 to $338 next week.
Polygon (MATIC) Price Analysis
MATIC price is currently witnessing massive volatility as bulls are attempting to push the price from its fear zone. MATIC price is hovering at $0.85, surging over 0.8% from yesterday’s price.
If MATIC price breaks above its EMA50 resistance at $0.89, the price can skyrocket to $0.99 by next week. However, a failure to surge above $0.89 will strengthen the sellers’ position, and the asset may drop below $0.8.
Crypto Market Analysis: Top Predictions for Bitcoin, Ethereum, and XRP for the Coming Week!
The post Crypto Market Analysis: Top Predictions for Bitcoin, Ethereum, and XRP for the Coming Week! appeared first on Coinpedia Fintech News
Bitcoin (BTC) Price Analysis
- The Bitcoin price is trading within a rising parallel channel and the recent plunge may compel the price to reach the lower support
- The RSI is heading towards the oversold regions and may land up in this zone, dragging the price below $25,000
- Here a fine rebound may trigger that may revamp of a fine bullish trend lifting the price back above $30,000 in the next couple of months
Ethereum (ETH) Price Analysis
- The Ethereum price has been maintaining an elevated range since the beginning of the year but the bearish volume has accumulated currently
- The selling pressure has surged as the MACD continues to remain bearish at the moment as it may undergo a bearish crossover
- Besides, the price is approaching the lower support of the Bollinger Bands and preparing to rebound which may rise toward the middle band
Ripple (XRP) Price Analysis
- The Ripple price trend also has been rising as the bulls offered a significant push ever since the beginning of the year
- The price is currently testing one of the major support levels, which has acted as a strong resistance level in the past
- However, the price appears to be accumulating gains above these levels which may trigger a significant upswing toward the middle bands of the channel
Ripple vs SEC: Top Lawyer Slams Regulator for “Hide and Seek” Tactics
With the final ruling for Ripple vs SEC looming, anticipation mounts as the crypto industry and Americans at the large question the SEC’s regulatory actions. As Ripple and the SEC engage in an ongoing legal battle over the classification of XRP, Ripple’s top lawyer, Stuart Alderoty, has voiced strong criticism against the SEC’s approach.
SEC as a Weapon: Alderoty’s Critique
In a recent tweet, Ripple’s top lawyer, Stuart Alderoty, accuses the SEC of using the legal process as a weapon and engaging in a game of “hide and seek” to avoid Congressional oversight. Alderoty emphasizes that this issue extends beyond the crypto industry, impacting the rights of all Americans.
Also Read: Ripple News: LBRY Fined $111K by SEC: Is Ripple Next? – Coinpedia Fintech News
The Biggest Question: Is XRP a Security?
At the heart of the legal battle between Ripple and the SEC lies the question of XRP’s classification. The SEC alleges that Ripple sold XRP through unregistered securities transactions, arguing that its distribution shares similarities with securities offerings. Ripple, on the other hand, firmly maintains that XRP is a digital currency and lacks the necessary attributes to be classified as a security.
A Pattern of Supreme Court Losses
Highlighting the SEC’s track record, Alderoty points out the regulatory agency’s recent losses in the Supreme Court, including the SEC v. Cochran case. This reference underscores the need for precise regulation in the rapidly evolving world of digital assets, as the ongoing Ripple vs SEC lawsuit captures significant attention from the crypto industry.
Related: Crypto vs SEC: Is the SEC Threatening Digital Assets? – Coinpedia Fintech News
Anticipation for a Resolution
As the legal battle continues, Alderoty anticipates a resolution for the Ripple vs SEC case within the first half of this year. The outcome of this case will not only impact Ripple and the SEC but also shape the future of regulatory frameworks in the cryptocurrency space.
One thing’s for sure- everyone is watching eagerly. Are you?
Analysts Map Top 3 Best Bet Altcoins For Significant Gains
Popular crypto analyst Altcoin Sherpa has shared positive sentiments about Sui (SUI), Pepe, and Chainlink and believes the lesser-known native tokens are poised for a significant price increase.
However, with the volatile nature of the altcoin market and the influence of Bitcoin (BTC), it’s important to consider whether these tokens present medium- to long-term buy opportunities.
Buy SUI @ 1$?
With a relatively small overall token supply and the potential for market manipulation, Sherpa, in a recent YouTube video suggested that buying SUI at around $1 could yield profitable returns, although he doesn’t provide a specific timeframe for this surge.
However, Sherpa also cautions that SUI’s value may drop by more than 20% if Bitcoin’s price experiences a decline. It’s important to consider Bitcoin’s performance when trading any altcoin, he advises, as SUI’s price would likely be affected accordingly. In the event of another downward movement by Bitcoin, SUI could reach a lower level around $0.80 – $0.82, according to Sherpa’s analysis.
As of the time of writing, SUI is currently trading at $1.13, following the launch of the Sui blockchain’s mainnet earlier this month.
PEPE – The Controversial Mammoth
Moving on to Pepe (PEPE), a controversial meme-coin, Sherpa notes that it is currently experiencing high trading volumes within the range of $0.0000015 to $0.0000020. He considers this range a strong area with significant transactional activity, making it potentially suitable for a swing-long trading strategy. However, Sherpa emphasizes that Bitcoin’s performance will play a crucial role in determining Pepe’s trajectory. At present, Pepe is trading at $0.00000164.
Chainlink (LINK) could be a Buying Opportunity
Regarding Chainlink (LINK), a blockchain oracle network and the 22nd-largest cryptocurrency by market capitalization, the anonymous analyst suggests that a buying opportunity will arise once it breaks out of its long accumulation phase. Sherpa personally plans to purchase LINK when its price surpasses the range high of around $9.15. He believes that Chainlink’s extensive period of accumulation over the past year indicates strong potential for future growth once it begins to move. Chainlink is currently trading at $6.46.
These three altcoins are lesser-known but have the potential to yield significant profits. However, with the insights and analysis of experts like Altcoin Sherpa, you can make informed decisions and potentially reap the rewards.
Avorak AI remains On Course To Challenge Top Cryptos Polygon And Cardano
AI crypto has been trending in 2023. Avorak AI (AVRK) has emerged as a top contender for the lead of the AI crypto bull run and remains on course to challenge top cryptocurrencies like Polygon and Cardano.
What is Cardano?
Cardano is an L1 (Layer-1) blockchain developed to provide a more secure and efficient method for processing and recording transactions. Cardano’s technology is based on a PoS (proof-of-stake) consensus algorithm, which is faster, cheaper, and more energy-efficient than the PoW (proof-of-work) algorithm used by blockchains like Bitcoin. Cardano also utilizes a layered architecture that separates its settlement and computation layers, allowing for greater flexibility and scalability. The platform’s native cryptocurrency, ADA, is used to pay for transactions on the network and to incentivize staking. ADA ranks among the top 10 cryptocurrencies by market cap, with a max supply of 45 billion and more than 34 billion in circulation.
What is Polygon?
Polygon is an L2 (layer-2) solution for Ethereum. It is designed to improve the performance and scalability of Ethereum by providing faster and cheaper transactions. Polygon achieves this using a sidechain architecture, where transactions are processed off the Ethereum main chain and then settled on the main chain periodically. This reduces congestion on Ethereum, resulting in faster and more cost-effective transactions. Polygon also supports the development of decentralized applications (dApps). Polygon has a developer-friendly ecosystem, including tools to help developers build effective dApps. MATIC, the network’s native coin, is used for governance, staking, and settling transaction fees. MATIC has a limited supply of 10 billion, with more than 9.2 billion in circulation.
Avorak AI
Avorak AI (AVRK) is a new entrant in the blockchain space. It is an AI platform built on the BNB Smart Chain. The AI crypto project aims to provide an extensive list of solutions that make life easier for everyone– from individuals to large organizations.
Avorak’s solutions will be under an interactive AI that uses both text and voice-to-text user-input systems. These solutions include digital assistants, data analysis, device security and management, automated video editing, command-line trading, and much more. Avorak AI products and services have unique features that distinguish them from other solutions. For example, Avorak’s text-generating AI produces grammatically-correct texts that fit exact specifications without repetition or plagiarism.
The AVRK token grants access to the Avorak network and is used as credit for using its AI services. AVRK also serves other utility functions within the ecosystem. The AVRK token is deflationary and has a capped supply of 40 million, which is at par with valuable cryptocurrencies like Bitcoin (BTC). The Avorak AI project is in the ICO phase and has achieved many milestones. Several exchanges have announced they’ll be listing the AVRK token, and the project has amassed interest from crypto watchers all over the world. AVRK is currently selling at $0.235, which is a 291.67% increase from its initial price. Avorak’s launch price is $1, and many signs point to it going up after the launch. However, as with any investment, doing your due diligence is paramount.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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