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XRP Reaches Recent High at $0.7440 Amidst SEC Lawsuit and AMM Upgrade Developments In a notable turn of events, XRP surged to a recent high of $0.7440 on Monday, breaking free from its prolonged stint below the $0.66 mark. This surge comes amidst growing anticipation surrounding the SEC vs. Ripple lawsuit and the recent implementation of the Automated Market Maker (AMM) amendment on the XRP Ledger. It's important to note that XRP's all-time high was $3.84 in 2018, and the recent surge represents a notable price increase from its previous levels. The legal landscape took a twist as Coinbase's recent court filing shed light on the SEC's inconsistent stance on digital assets. This revelation holds potential consequences for the ongoing Ripple case, adding a layer of complexity to the regulatory narrative. Despite a minor correction on Tuesday, with XRP settling around $0.6940, the altcoin's bullish trajectory remains evident. Key indicators, including the Awesome Oscillator and Moving Average Convergence/Divergence (MACD), underscore positive momentum and an upward trend for XRP/USDT. Market attention is closely focused on the $0.6886 78.6% Fibonacci retracement level, as a breach below this threshold could challenge the prevailing bullish sentiment. The ongoing legal developments, coupled with the technical dynamics, continue to shape the narrative for XRP's market performance. $XRP #TrendingTopic #xrp #RippleUpdate #RippleXRP #HotTrends

XRP Reaches Recent High at $0.7440 Amidst SEC Lawsuit and AMM Upgrade Developments

In a notable turn of events, XRP surged to a recent high of $0.7440 on Monday, breaking free from its prolonged stint below the $0.66 mark. This surge comes amidst growing anticipation surrounding the SEC vs. Ripple lawsuit and the recent implementation of the Automated Market Maker (AMM) amendment on the XRP Ledger.

It's important to note that XRP's all-time high was $3.84 in 2018, and the recent surge represents a notable price increase from its previous levels. The legal landscape took a twist as Coinbase's recent court filing shed light on the SEC's inconsistent stance on digital assets. This revelation holds potential consequences for the ongoing Ripple case, adding a layer of complexity to the regulatory narrative.

Despite a minor correction on Tuesday, with XRP settling around $0.6940, the altcoin's bullish trajectory remains evident. Key indicators, including the Awesome Oscillator and Moving Average Convergence/Divergence (MACD), underscore positive momentum and an upward trend for XRP/USDT.

Market attention is closely focused on the $0.6886 78.6% Fibonacci retracement level, as a breach below this threshold could challenge the prevailing bullish sentiment. The ongoing legal developments, coupled with the technical dynamics, continue to shape the narrative for XRP's market performance. $XRP

#TrendingTopic #xrp #RippleUpdate #RippleXRP #HotTrends

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🔴 Uniswap Foundation Postpones Vote on Token Staking and Delegation Incentives; UNI Drops 8.7% 🔴 The Uniswap Foundation, which manages the decentralized exchange Uniswap, has postponed the vote for UNI staking and delegation rewards that was originally scheduled for Friday. This delay arose after a stakeholder expressed concerns that necessitated further examination by the Foundation. Following this announcement, the price of UNI fell by 8.7%. The Foundation shared on the social media platform X: "Last week, we announced that the first proposal to activate Uniswap Protocol Governance would be deployed on-chain today. Over the last week, a stakeholder raised a new issue relating to this work that requires additional diligence on our end to fully vet. Due to our proposed upgrade's immutable nature and sensitivity, we have decided to postpone posting this vote. The message continued, "This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes. As of 2:00 p.m. ET (18:00 UTC) on May 31, Uniswap's UNI token was trading at $10.20, marking an 8.7% decrease over the past day, according to The Block Prices. The proposal, initially introduced in February, aims to reward dedicated Uniswap stakers and delegates for their high-quality participation. To prepare for the vote that was set for May 31, UNI holders were required to delegate their tokens on the platform in advance to take part in the voting process, as explained by the Uniswap Foundation a week prior❗ $UNI #Uniswap’s #uni #PriceShift #BEARISH📉 #UniswapFoundation
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Top Altcoins Under $40 for a $10,000 Portfolio, Recommended 1. Avalanche $AVAX Put $4,000 into Avalanche (AVAX), currently priced at $35.38 per token. This nets you approximately 113 AVAX tokens. Avalanche is a high-performance blockchain platform that supports smart contracts and decentralized applications (dApps). It aims to offer high throughput, low latency, and interoperability with other blockchain networks, making it a strong contender in the DeFi space. 2. Cosmos $ATOM Put $3,000 into Cosmos (ATOM), currently priced at $8.28 per token. This gets you around 362 ATOM tokens. Cosmos is an ecosystem of interconnected blockchains that aims to solve the scalability and interoperability issues in blockchain technology. Its goal is to create an Internet of Blockchains, enabling seamless communication and transactions between different blockchain networks. 3. Algorand $ALGO Put $3,000 into Algorand (ALGO), priced at $0.188 per token. This yields approximately 15,957 ALGO tokens. Algorand is a blockchain platform designed for high-speed transactions and scalability. It uses a proof-of-stake consensus mechanism to achieve decentralization and security while maintaining performance. Algorand supports a variety of decentralized applications and financial products. This diversified approach includes tokens focused on various aspects of blockchain technology, offering potential growth opportunities across different segments of the crypto market while staying within the $40 allocation for the recommended $10,000 portfolio. Disclaimer: Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions. #StartInvestingInCrypto #ALGORAND #Cosmos #AVAX✅ #AvalancheAVAX
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According to a court entry, Terraform Labs and its co-founder, Do Kwon, have reached a 'settlement in principle' with the US Securities and Exchange Commission (SEC). In a significant development, Terraform Labs and its co-founder Do Kwon have reached a pivotal turning point in their legal feud with the U.S. Securities Exchange Commission (SEC), as revealed by a recent court entry. As per the filing made on Thursday, a telephone conference held on Wednesday, without recording, led to the cancellation of a previously scheduled oral argument on May 29. The oral argument previously set for 5/29/2024 has been cancelled because the parties have informed the Court that they reached a settlement in principle," stated the filing. "The parties must file, by 6/12/2024, papers in support of a proposed final judgment consistent with the settlement. The SEC had charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD (UST), which had collapsed a year prior. Recently, both sides were embroiled in a dispute over fine amounts. Terraform and Kwon's lawyers argued for fines closer to $1 million, while the SEC proposed a significantly higher fine of $5.3 billion. The trial against the SEC commenced for Terraform in late March, with Kwon notably absent. In April, a jury concluded that both Terraform and Kwon had misled investors and were held liable for civil fraud. The jury's deliberation centered on the SEC's allegations that Kwon and Terraform had violated federal securities laws through fraudulent activities associated with the buying and selling of Terraform securities. Meanwhile, Kwon, the former executive, remains entangled in a legal tug-of-war over extradition to the U.S. or South Korea. He was apprehended in Montenegro in March 2023 for using a counterfeit passport while attempting to depart the country. Source- The Block $LUNC $LUNA $USTC #TerraLabs #TerraClassic #LUNC✅ #LUNA🔥🔥🔥 #USTC
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PEPE, the renowned meme cryptocurrency adorned with the iconic frog, has surged to claim the throne as the most lucrative among major meme coins, as per recent data unveiled by IntoTheBlock. Boasting a remarkable 90% return this month alone, over 96% of PEPE holders are currently reveling in profits, setting it apart as a standout performer in the meme coin market. IntoTheBlock's comprehensive analysis sheds light on PEPE's exceptional performance. Presently, a staggering 91.59% of PEPE addresses, representing 227,990 holders, are basking in profits. Meanwhile, an additional 5.32% or 13,250 addresses find themselves at breakeven, with PEPE's current price hovering around $0.0000144 per token. However, a fraction of PEPE holders, accounting for 3.09% or 7,680 addresses, are grappling with losses, having acquired PEPE at prices ranging from $0.000016 to $0.000033. Comparative Analysis: SHIB vs. PEPE A mere three months ago, PEPE and Shiba Inu (SHIB) were engaged in a close contest for profitability supremacy. Fast forward to today, and PEPE has surged ahead, leaving SHIB holders facing a more challenging situation. These insights are sourced from IntoTheBlock. Data reveals that 63.08% of SHIB addresses, equivalent to 846,450 holders, are presently in the green. Conversely, 32.93% or 441,890 addresses find themselves in the red, with SHIB's price oscillating between $0.000027 and $0.000139. The remaining 3.99% or 53,530 addresses are hovering around breakeven. The diverging fates of these two meme coins have spurred significant ripples across the market. Notably, Lookonchain recently reported a significant transaction where an investor withdrew 67 billion PEPE, valued at $1.02 million, from OKX. This same investor had previously encountered a substantial setback of $2.55 million in SHIB, having entered the market at its peak during the bull market and exited at a significant loss during the subsequent bear market. Source: IntoTheBlock $PEPE $SHIB #pepe⚡ #PEPEATH #Shibalnu #Shibarium #mememcoinseason2024
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Top Altcoins for a $10,000 Portfolio Recommended $LTC $DOT $THETA Looking to diversify your cryptocurrency portfolio? With a $10,000 investment, you have the chance to explore various digital assets that show growth potential. Here are three top altcoins to consider for your portfolio. 1. Polkadot (DOT) Put $3,000 in Polkadot (DOT), currently priced at $7.08 per token. This gives you approximately 423 DOT tokens. Polkadot facilitates cross-chain communication and decentralized finance applications, offering innovative technology and a growing ecosystem. 2. Litecoin (LTC) Put $2,000 in Litecoin (LTC), currently priced at $85.4 per token. This nets you approximately 23.4 LTC tokens. Litecoin provides fast and low-cost transactions, with a proven track record and widespread adoption. 3. Theta Network (THETA) Put $3,000 to Theta Network (THETA), priced at $2.25 per token. This yields around 1,333 THETA tokens. Theta Network aims to revolutionize the streaming industry by enhancing video delivery, reducing costs, and incentivizing participation through token rewards. By Putting funds into Polkadot, Litecoin, and Theta Network, you can diversify your portfolio across different blockchain platforms and functionalities, potentially maximizing growth opportunities. Disclaimer: Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions. #dotcoin #LTC✅ #THETA #Megadrop #altcoins
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