The Securities and Exchange Commission recently appealed to overturn a previous ruling, restarting the case against Ripple (XRP). This case will significantly affect Ripple (XRP) and the broader crypto market.
Cardano (ADA) also suffers from bearish sentiment and shows no signs of recovering to its full potential.
As the market suffers, investors seek high-growth alternatives to diversify their portfolios. Ripple (XRP) and Cardano (ADA) traders are shifting focus to a new project, PropiChain (PCHAIN), which could provide outstanding gains.
Cardano (ADA) Struggling With Bearish Pressure
Cardano (ADA) currently trades at $0.3468, below the 200-day and 50-day Daily Moving Averages (DMAs). Over the last 24 hours, Cardano (ADA) has seen a significant drop of over 30% in daily volume and a 3.5% decrease in price.
For a long time, Cardano (ADA) has been unable to break the descending channel in which it has been trading since April this year.
A bearish Three Black Crows pattern has formed on the daily chart for Cardano (ADA) over the last few days. Cardano (ADA) has support at $0.3264, which could decrease the bearish pressure. Cardano (ADA) has a strong resistance level at $0.4035.
Ripple (XRP): Unable To Maintain Momentum Amid Legal Case
Ripple (XRP) has been in a sideways price action for the past few months. The current market price for Ripple (XRP) is $0.535, after dropping over 10% in the last 24 hours. Ripple (XRP) trading volume has increased by over 5% today. Today, a spinning top candlestick pattern has emerged on the daily chart for Ripple (XRP).
Currently, Ripple (XRP) trades below the 50-day DMA and very close below the 200-day DMA. The Relative Strength Index (RSI) for Ripple (XRP) is 38.3, decreasing towards the underbought region.
The support level at $0.50457 for Ripple (XRP) could become an entry point for the bulls to increase pressure. Further below, another support is at the $0.48751 price mark. Ripple (XRP) has two significant resistance levels: $0.62644 and $0.65492.
PropiChain (PCHAIN): Invest In The Future Of Real Estate
PropiChain is a real estate platform that helps users gain exposure to the global real estate markets by tokenizing property investments. It is the future of real estate ownership at a global level. Using PropiChain, you can own fractional shares of real estate properties worldwide.
It leverages blockchain technology to fractionalize ownership and reduce the entry barrier, making real estate investments more liquid and accessible.
It uses decentralization and blockchain technology to revolutionize the $300 trillion global real estate industry. PropiChain (PCHAIN) will provide solutions to the issues associated with real estate and property ownership, which arise due to the outdated and inefficient system.
PropiChain blends Blockchain, NFTs, Artificial Intelligence, and the Metaverse. This Platform will transform the real estate industry, making it more transparent, efficient, and secure.
Owners can manage their properties using a single point of contact in a simplified way. The properties are transformed into digital assets using the power of NFT tokenization. AI will help make market predictions and automate valuation and transactions.
Integrating the Metaverse PropiChain helps users explore real properties virtually, providing an immersive and interactive experience. This enriches the user experience and expands the market reach to potential buyers worldwide.
If you find the idea of tokenized and decentralized real estate interesting, you can participate in the PropiChain (PCHAIN) whitelisting and acquire tokens when the presale starts.
Here’s How To Join The Whitelist:
This is a very quick and easy process. Visit the PropiChain website and provide your email address. That’s it. You will then be notified as soon as the presale goes live. This one easy step can help you capture over 11,000% gains.
Conclusion
As Ripple (XRP) and Cardano (ADA) struggle, investors seek new emerging projects that can outperform the markets. This is where PropiChain (PCHAIN) comes in and offers an opportunity for investors to print multi-bagger gains.
PropiChain combines blockchain, NFTs, AI, and the Metaverse to revolutionize real estate investment. Using PropiChain (PCHAIN), you can own fractional shares of real estate properties worldwide.
So get whitelisted, and you will have the right to participate in the upcoming token sale. All the early whitelisted investors get exclusive access to the presale, bonus tokens, rewards, premium tools access, etc.
For more information about the PropiChain Presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
