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Analyst: XRP Will Soar 60,000% On Tightest Bollinger Bands Ever Based on the Bollinger Bands signal, crypto researcher Matt “The Great Mattsby” Hughes predicted a record jump for XRP on X and YouTube. Hughes expects XRP's monthly Bollinger Bands to squeeze, indicating a possible rise like prior rallies that witnessed significant gains. Hughes said via X: “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in crypto right now. The last time it pinched, it rose 60,000%.” The crypto expert detailed how XRP has performed when Bollinger Bands are this tight in a YouTube video. XRP Could Reach $250 Hughes claims the first incidence happened between September 2016 and March 2017. The Bollinger Bands tightened considerably as XRP consolidated for months. After consolidation, XRP rose 60,000%, according to Hughes. The second was December 2020–April 2021. These XRP gains were about 1,000%. Hughes said, “So it was much less than this period here and simply because it looks like it wasn't as tight as it was right here [the first time], we can see it was much tighter during the first time.” The third time. Notably, “is the tightest it has ever been, even tighter than the first time, which suggests that it should explode much higher than previous cycles,” he added. "It's the tightest in its history, therefore it implies there will be a move soon. Sometimes, we can tell that something is looking more and more like it wants to come out, Hughes said. He reviewed XRP's price performance against its 20-month moving average and technical analysis. As in past cycles, XRP has spent a lot of time below this moving average before major rises. In prior cycles, tests of the lower Bollinger Band have led to substantial rallies. “So the price could drop to test it. Perhaps one final flush out into the $0.30s, but if so, it's simply another convergence of the past cycles that price can still break out, he said. #XRP #Ripple $XRP #CPI_BTC_Watch
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Trump will speak at Bitcoin 2024 summit as bitcoin price struggles at $58,500 Wednesday was the third straight day of Bitcoin spot ETF inflows. Bitcoin may fall after the German government transferred 10,853 BTC on Wednesday. Donald Trump will appear at Bitcoin 2024 in Nashville on July 27. On-chain data reveals modest Bitcoin wallets liquidating as whales and sharks multiply. Bitcoin (BTC) price rises 0.5% on Thursday, but it fails to break over the weekly resistance mark of $58,500 due to on-chain data showing minor Bitcoin wallet liquidation and a spike in whales and sharks. Bitcoin's price may drop once the German government transfers 10,853 BTC worth $637.67 million. On Wednesday, Bitcoin spot ETFs received $147.40 million for the third day in a row. The Bitcoin Conference Twitter account stated that Donald Trump, the 45th US president, would speak at Bitcoin 2024, the world's biggest Bitcoin conference in Nashville, Tennessee, on July 25 to 27. This declaration follows Trump's support of Bitcoin (BTC) and the Republican party's promise to integrate the cryptocurrency into their platform while protecting Bitcoin mining and self-custody. Bitcoin 2024 seeks to build on Miami's conference success. Bitcoin 2021 got notice after El Salvador's President Nayib Bukele legalized Bitcoin. Other notable events in 2022 and 2023 included US Presidential contender Robert F. Kennedy Jr.'s Bitcoin industry backing. Arkham Intelligence reported that the German Government's "Bitcoin billionaire" title terminated on Wednesday, leaving 13,360 BTC worth $784.96 million, 26.8% of Movie2k's Bitcoin. In particular, Blackrock's wallet buys German government-sold Bitcoin. BTC also trades below a declining trendline after joining many swing high peaks from early June to mid-July. BTC may gain 9% to $63,956 if it breaks over the falling trendline and weekly barrier at $58,375. On July 5, the daily chart formed a lower bottom while the RSI indicator reached a higher high. Bullish divergences can cause trend reversals or short-term rallies. #BTC $BTC
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🔊🔊🔊BREAKING NEWS 💎What is IO.NET and how to trade $IO tokens? IO token, a new crypto project, uses decentralized GPU resources to deliver economical, scalable, and secure processing power for machine learning. This essay will explore the IO token's uniqueness and significance in the digital age. Learn about the project, its tokenomics, and how to buy IO tokens easily. You'll grasp how IO.NET changes high-performance computing and how you may participate in this breakthrough technology at the conclusion. 💎IO.NET—what is it? IO token, the native cryptocurrency of IO.NET, leverages the Solana blockchain for transactions. It allows platform users to obtain decentralized GPU resources via trading. By providing GPUs on demand worldwide, IO.NET revolutionizes computing. Decentralized infrastructure helps machine learning and data processing, improving accessibility and efficiency. It meets different computing demands affordably. IO tokens are easy to get. Users may get them via Solana-compatible cryptocurrency exchanges. Once purchased, these tokens are safely held in wallets for IO.NET usage. IO token advances decentralized computing solutions by providing safe, scalable, and economical access to high-performance computing resources via blockchain technology. 💎IO.NET overview IOG Network, a breakthrough decentralized infrastructure that democratizes GPU resources worldwide, using IO token as its native coin. IOG ecosystem transactions are fast and easy using IO.NET token, built on the powerful Solana blockchain. This digital currency allows on-demand processing power without hardware ownership or centralization. IOG Network's IO token has several vital purposes. This currency lets users pay for GPU computing power from IO Workers, a decentralized network of nodes. These nodes are globally spread and independently run, making machine learning training, AI inference, rendering, and scientific computing efficient and affordable. #IOInternetofGPUs #ionet #IO #io.net $IO
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3 Revolutionary Cryptocurrencies to Consider Investing in for Massive Profits Spot Ethereum ETFs, according to many industry watchers, have the potential to attract massive amounts of investment money. New technologies for smooth transactions were recently released by the layer-1 blockchain, according to Solana. A new era is about to dawn thanks to nuco.cloud PRO. ⭐Ethereum Trading below its 50-day and 20-day moving averages is a major cause for caution over its poor technical picture. Holding the $3,100 support line will stop a decline to $2,900 in the case of increased volatility. More caution might be on the horizon, given the collective prudence with which investors have responded to last week's decline. Not everyone thinks this is a good decline, however. It is widely expected in the crypto industry that spot Ethereum ETFs will soon be permitted for use in the United States. Consequently, some experts are projecting substantial influxes of funds. Think about this: Bitwise's CIO, Matt Hougan, predicted $15 billion in net flows in the first 18 months. ⭐Solana In terms of developers, its cheap prices and great speed are appealing. The facts also support these opinions, which is crucial. Solana just shown 46 times quicker performance than Ethereum in a real-world test. In light of the growing national debt, you should consider purchasing it for its shown performance and future prospects. ⭐nuco.cloud AI startups are deciding to set up shop in a place that is unparalleled in its creativity and enthusiasm. The problem is that these factors don't always translate into sustainable revenue.Young artificial intelligence startups may take use of cloud PRO's ultra-affordable processing capacity to establish and expand their businesses. For these immigrants to earn respect, they must be dependable and strong. In support of them, we provide cloud computing services that are up to 90% less expensive than our rivals. Keep pushing forward with AI development despite any apparent constraints. #ETH #Sol #nucocloud #ETH_ETFs_Approval_Predictions
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According to CFTC Chair Rostin Behnam, a court in Illinois has ruled that Ethereum and Bitcoin are digital commodities Bitcoin and other cryptocurrencies are considered commodities according to Behnam, who cited the Commodity Exchange Act. On Wednesday, BTC traded over $57,000 and Ether above $3,000; both cryptocurrencies have maintained their positions above important support levels. During her testimony before the Senate Committee, Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), said that between seventy and eighty percent of digital currencies do not constitute securities. The continuous discussion in the crypto community and the litigation faced by crypto businesses and exchange platforms by the Securities and Exchange Commission (SEC) prompted Behnam to speak about the crypto asset class. Ethereum and Bitcoin do not constitute securities. There has been ongoing debate for a long time about whether Bitcoin, Ethereum, and other altcoins constitute securities. Discussions among market players have heated up in response to SEC litigation that target exchange platforms like Coinbase and Ripple, respectively, for the selling of unregistered securities (the XRP currency). The statement states that the Commodities Exchange Act classifies Bitcoin and Ether as commodities. The question of whether the SEC or the CFTC ought to oversee cryptocurrency was addressed by Behnam. In reference to the ongoing dispute between the SEC and the CFTC about the classification of digital assets as securities or commodities, Senator Roger Marshall posed the question, "Wouldn't it be simpler if we put this whole thing under the CFTC's jurisdiction?" The head of the CFTC said, "I speak for myself, but I'd be pleased to do that” in response. I believe we possess the necessary knowledge and abilities. Both Ethereum and Bitcoin were able to hold above critical support levels on Wednesday. Right now, one bitcoin is worth $57,560 and one ether is worth more than $3,000. #BTC #ETH #BTC_Bounce_Back_to_57k $BTC $ETH
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