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đŸȘ™ The ongoing legal battle between the SEC and Ripple has allowed XRP to rank third as the crypto asset with the most social activity and global searches over the past month. Popular social intelligence platform LunarCrush has published a list of the top 10 cryptocurrencies with the highest social activity. Interestingly, XRP ranked third on the list. #XRP #TopCryptoNews

đŸȘ™ The ongoing legal battle between the SEC and Ripple has allowed XRP to rank third as the crypto asset with the most social activity and global searches over the past month.

Popular social intelligence platform LunarCrush has published a list of the top 10 cryptocurrencies with the highest social activity. Interestingly, XRP ranked third on the list.

#XRP #TopCryptoNews

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📈 Is the next upward impulse near? It looks like history is repeating itself. In this case, after a slight consolidation, Bitcoin has a chance to fly up, notes trader Jelle. Do you support this opinion?
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đŸ’„ Dogwifhat (WIF), PEPE and Other Meme Coins Eye Epic Dump Amid Market Chaos Past week has been a roller-coaster ride for meme coins, with Dogwifhat (WIF) and PEPE taking center stage amid market chaos. WIF, a popular meme token on Solana, experienced a staggering 25% decline in value, plummeting from its weekly peak of $3.4. Similarly, another Solana-based meme coin, POPCAT, saw a substantial drop of 34%, reaching its lowest levels since mid-April. Meanwhile, the Ethereum-based PEPE token, which had soared to new heights earlier in the week, faced an 18.5% sell-off, shaking investor confidence. Against this grim backdrop, the crypto space began to be full of news and information about the actions of the largest holders of these cryptocurrencies that somehow influenced these price perturbations. Thus, Lookonchain's reports revealed a whale's strategic move to offload 1.7 million WIF at a loss, swapping them for other meme coins on Solana following the price dip. This action not only impacted WIF but also influenced the prices of other meme tokens, including BONK. Another whale incurred losses selling WIF and POPCAT. Will meme coins like WIF and PEPE be able to recover from these significant losses? What strategies will major token holders employ to navigate the current market volatility? $PEPE $WIF #PEPE #WIF
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đŸ”· Coinbase Analysts Say What SEC Will Approve Ethereum ETF Coinbase analysts said, that Ethereum spot ETFs will be approved despite no comment from the SEC. 🗣 “As crypto begins to take shape as an election issue, we are also not confident that the SEC will be willing to provide the proper arguments that could ensure ETF applications are rejected,” said Coinbase analyst David Hahn. 🏠 He added that if the SEC rejects the ETF on the first deadline, May 23, “there is a strong possibility that litigation could overturn that decision.” $ETH #ETH #Ethereum
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👀 XRP Drops Below $0.5250 Ahead Of Crucial Date in Ripple Vs SEC Case XRP pulled back on Saturday, May 19, after recording slight gains a day before. A 0.46% decline by the embattled altcoin chopped off part of its Friday gains when the top altcoin rallied to $0.52932 before closing the session at $0.52358, according to data from TradingView. Saturday’s pullback came amid Brad Garlinghouse, the Ripple CEO’s bullish comments, noting his excitement about his firm’s achievement in the last quarter. Despite Garlinghouse’s observations, XRP declined, suggesting a broader investor outlook on the events surrounding Ripple and XRP. 💬 New quarter, more XRPL traction – I’m particularly excited that the native AMM, arguably one of the largest updates to the XRP Ledger, went live in Q1. — Brad Garlinghouse May 18, 2024 Following XRP’s slump in the middle of April, the altcoin has oscillated around $0.5250, swinging above and below the price level at regular intervals. Most of the time, developments in the ongoing litigation between the U.S. Securities and Exchange Commission (SEC) have influenced XRP’s price movement around the oscillating point. As of Saturday, XRP slumped below the $0.5250 significant level as the final stages of the Ripple Vs SEC case came into play. The litigation-influenced sentiment caused increased caution among investors taking profit ahead of Monday’s deadline for the parties to file their opposition briefs. That could be a significant date for the ongoing case as it nears its final stages, with the possibility of an appeal. Also playing a role in the XRP price trend is the growing awareness and potential adoption increase in the Middle East. Recently, Reece Merrick, Ripple’s Managing Director for the Middle East and Africa noted his company’s plans to expand their services in the region. Merrick cited the Middle East’s clear and friendly regulatory framework as motivation for his company’s plans. $XRP #XRP #Ripple
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📣 How Will Crypto Prices Shift Next? This week, we bring you a roundup of significant events in the cryptocurrency world. Last week’s anticipation of US inflation data causing volatility was realized, pushing Bitcoin up by 10% to $67,000. With such movements in the backdrop, what can investors expect in the coming week? 🔾 Upcoming Cryptocurrency Events Being mindful of key dates is crucial for cryptocurrency enthusiasts as major updates can significantly influence prices. Investors who brace for fluctuations can capitalize on these opportunities. One of the week’s highlights is the SEC’s decision on the Spot Ether ETF. So, what other significant happenings are scheduled? 🔾 What Will the Fed Announce? Monday, May 20, kicks off with numerous speeches from Fed officials, including Bostic, Barr, and Jefferson, which could set the tone for market sentiment. On Tuesday, May 21, US Treasury Secretary Yellen and other Fed members will also provide critical remarks, potentially impacting the market. Important unlocks in PYTH and AVAX tokens are also slated, possibly creating waves in the altcoin market. Wednesday will see the release of Fed minutes, along with crucial earnings reports from companies like NVIDIA, which could stir activity among AI tokens. By Thursday, attention will shift to US unemployment data and PMI figures, alongside the VanEck Spot Ethereum ETF decision. The week concludes with the launch of ASI, merging three major AI altcoins, and the final decisions on Spot Ethereum ETFs by Ark & 21Shares. 🔾 Key Takeaways for Investors Here are some concrete points for investors to consider: – Track Fed officials’ remarks to gauge market sentiment. – Monitor SEC and ETF decisions for potential price movements in Ethereum. – Watch for major token unlocks that could affect altcoin valuations. – Consider NVIDIA’s earnings report as a catalyst for AI token activity. – Stay updated on the ASI token launch and its impact on FET, AGIX, and OCEAN. $BTC #BTC #ETF
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