Ripple Court Case: Latest News and Their Impact on the Crypto Community
The lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to attract the attention of the crypto community, especially after the recent court decision. Here are the key points to know: Court's decision: Judge Analisa Torres ruled that the sale of #XRP directly to institutional investors violates SEC rules, but offering tokens to retail investors on exchanges is not a violation. This ruling has become an important precedent for cryptocurrency regulation in the U.S.
Binance: your first step into the world of cryptocurrencies
The world of cryptocurrencies is enticing with its dynamics and opportunities, but where to start? Binance is a great starting point for beginners! Why Binance? * Simplicity: an intuitive interface accessible even to those encountering cryptocurrencies for the first time. * Reliability: Binance is the world's largest cryptocurrency exchange with a high level of security.
Shiba Inu is keeping pace with the bull market and striving for new heights. Despite a slight decline over the day, the token has increased by 11.5% over the week and by 68% over the month.
Growth factors:
* Overall bullish trend in the cryptocurrency market.
* Development of the Shiba Inu ecosystem and launch of new projects.
* Launch of SHIB DAO in early 2025. The DAO will help the Shiba Inu community make decisions and develop the ecosystem.
* SHIB Doggy DAO will ensure transparency and security in asset management.
Forecasts:
* CoinCodex predicts that Shiba Inu will end the year at $0.00003211.
* According to technical indicators, sentiment is optimistic, and the fear and greed index indicates "extreme greed."
Conclusion: Shiba Inu demonstrates serious intentions and has the potential for further growth. $SHIB
Hedera (HBAR) has burst into the top 20 cryptocurrencies with a growth of 700%
The token <t-47/>#HBAR , the native coin of the Hedera Hashgraph blockchain project, soared in price by 700% in a month and entered the top 20 cryptocurrencies by market capitalization. What is Hedera Hashgraph? This is a public blockchain launched in 2019 as a platform for decentralized services for businesses. Hedera is characterized by high scalability and low fees. The governing council of the project includes giants such as Boeing, Deutsche Telekom, IBM, and Google.
So that's how a person behaves who didn't buy XRP at 0.50$ 😂 You probably also tapped Hamsera? And hoped for a big profit? 😂 And you're a professional in crypto, but always at a loss.
LIVE
Andrey B
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$XRP I'm looking at you all writing about how XRP will fly to the Moon. Huge role for cross-border payments? Name at least one bank that uses XRP for payments. Every month, 1,000,000,000 XRP is unlocked, and where do they go? To the exchange, and you all are consuming this, there are still 45% of locked assets. Which bank would want to use XRP for payments when the volatility is over 30% a day, which bank is ready to risk its assets? Don't laugh. One could say that any cryptocurrency could be used by a bank for these payments. No, nothing else has been invented yet except for the dollar. Usdt, yes I agree, can be used, it is stable and tied to the dollar, it does not have wild volatility. Sooner or later this crap coin will drop, and you will all be wondering why you didn't sell it for more. Happy flight to the Moon.
Ripple has partnered extensively with banks: Ripple, the creator of XRP, has partnered with many financial institutions around the world. They use Ripple’s technology, such as RippleNet, to make cross-border payments faster and cheaper. * XRP usage is not always public: Banks may use XRP for certain transactions, but they do not always publicly announce it. This may be due to the volatility of the cryptocurrency market or regulatory uncertainties. * Examples of XRP use cases: * Arrington Capital: This investment firm used XRP to transfer $50 million, which was completed in 3 seconds and cost only $0.3. * Some banks in Japan: Japan is one of the most crypto-friendly countries. Some Japanese banks are reported to use XRP as part of their operations. Difficulty in obtaining accurate information: * Lack of transparency: Banks do not always disclose information about their internal processes and the technology they use. $XRP
LIVE
Andrey B
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$XRP I'm looking at you all writing about how XRP will fly to the Moon. Huge role for cross-border payments? Name at least one bank that uses XRP for payments. Every month, 1,000,000,000 XRP is unlocked, and where do they go? To the exchange, and you all are consuming this, there are still 45% of locked assets. Which bank would want to use XRP for payments when the volatility is over 30% a day, which bank is ready to risk its assets? Don't laugh. One could say that any cryptocurrency could be used by a bank for these payments. No, nothing else has been invented yet except for the dollar. Usdt, yes I agree, can be used, it is stable and tied to the dollar, it does not have wild volatility. Sooner or later this crap coin will drop, and you will all be wondering why you didn't sell it for more. Happy flight to the Moon.
$XLM $Altcoin season has begun: benefits for crypto exchanges and startups.
Altcoins are taking market share from Bitcoin, which is beneficial for crypto exchanges and startups. What is altcoin season? This is the period when most altcoins show better results than Bitcoin. Currently, 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. Reasons for the growth of altcoins:
* Growing popularity of XRP, XLM, SUI, Cardano (ADA).
* Increased attention to cryptocurrencies other than Bitcoin.
* Speculative optimism and hope for high profits.
* FOMO effect (fear of missing out).
Possible trends of the altcoin season: * DeFi. * GameFi. * DePIN. * Memcoins.
Benefits for the crypto industry:
* Crypto exchanges: increased trading volumes and profits.
* Startups: an opportunity to attract investment and try out new concepts.
* Smart contract networks: expanding platforms for new altcoins.
Additional factor:
* US policy is expected to become more friendly to cryptocurrencies after the resignation of SEC Chairman Gary Gensler. Conclusion: The altcoin season stimulates the development of the crypto market, creating new opportunities for exchanges, startups and investors.
Bitcoin balances on exchanges are shrinking rapidly
Markus Thielen reports a sharp decline in Bitcoin balances on cryptocurrency exchanges. Unlike August, when there was an influx of Bitcoin into exchanges, the situation is now the opposite. Key points:
* Only three exchanges (Bitfinex, Binance, and Coinbase) have enough Bitcoin reserves to meet demand.
* Taking into account the influx of liquidity into spot Bitcoin ETFs, Bitfinex's reserves will last no more than a year, and the rest of the exchanges have even less.
* The supply deficit of Bitcoin will increase, which may lead to an increase in its price. Additional information:
* CryptoQuant analysts note the stabilization of the Bitcoin exchange rate.
* For Bitcoin to grow further, demand for the asset must increase.
Conclusion: The reduction in Bitcoin balances on exchanges may signal a future deficit and an increase in the price of the cryptocurrency. $BTC
#XRP continues its triumphant march, displacing #BNB from the top 5 cryptocurrencies by market capitalization. In November, XRP's capitalization exceeded $100 billion, demonstrating growth of more than 250%. Another big news: Ripple's stablecoin, #RLUSD , will be launched on December 4. Other events in the crypto industry:
November NFT sales reached $562 million, up 57.8% from October.
Key Takeaways:
November sales were the highest since May 2024. Despite the increase, they are far from the $1.6 billion peak reached in March 2024. CryptoPunks NFT collection saw significant growth in sales and value.
Additional Reading:
Unique buyers and sellers fell in November. 98% of NFTs minted in 2024 are "dead," according to NFTEvening and Storible.
Bottom Line: The NFT market is showing signs of recovery, but is far from its previous highs. #APE👍👍👍👍👍
Ethereum Could Rise to $7,200 Thanks to Cup and Handle Pattern
A VentureFounder analyst has found a cup and handle pattern on the chart at #Ethereum , which foreshadows price growth in the coming months. Forecast:
Ethereum could reach $7,238 by Q1 2025. Nearest targets: $5,349 and $6,457.
Growth factors:
Formation of a "golden cross" (crossing of 50 DMA and 200 DMA) next week. This signal has previously led to ETH rising from $2,000 to $4,000. Weakening of the US Dollar Index (DXY).
Other Predictions:
Wolf analyst suggests Ethereum could hit $20,000. Block Scholes and Bybit Analytics predict #ETH growth above $4000. $ETH
Solana or XRP: which cryptocurrency to buy in 2025?
AI Grok 2 analyzed the prospects of #Solana (#SOL ) and #XRP and provided investment recommendations for 2025. XRP: Advantages: used for cross-border payments, has real utility, and partnerships with financial organizations. Price catalyst: favorable outcome of the lawsuit with the SEC.
QCP Capital notes the decline in the price of Bitcoin and Ethereum, but emphasizes that the major cryptocurrencies have remained above key support levels.
Main points:
Investors are shifting their focus to Ethereum, as evidenced by the high demand for call options #ETH . Bitcoin call options are expected to become in demand closer to the end of December, possibly due to expectations related to the new White House administration. In the short term, altcoins may dominate if institutional investors do not increase Bitcoin purchases.
Jeffrey Wilke, co-founder of Ethereum, transferred 20,000 ETH (approximately $72.5 million) to the cryptocurrency exchange Kraken. This is already the fourth large sale by Wilke since the beginning of the year, from which he has raised a total of $148 million. Key facts:
Wilke sold amidst the rise in cryptocurrency prices. Despite the sale, he still holds 106,102 ETH ( ~$381 million). In 2019, Wilke faced criticism for selling 92,000 ETH, which he explained was necessary to fund his gaming company. $$
Changpeng Zhao (CZ), former head of Binance, sees great potential in combining artificial intelligence (AI) and blockchain. He believes these technologies complement each other perfectly. Advantages:
Cheap labor: AI can utilize data labeled by people around the world, paying for their work with cryptocurrency.
Magnetic, a project on #XRP Ledger, presents Factora - an engaging clicker game with pixel graphics, where you will build a real industrial empire! What awaits you in Factora? ▫️Empire Building: Start small and gradually develop your industry by constructing new buildings and increasing your income. But be careful: each building consumes energy!