Is it time for
altcoins? However, we need to get something out of the way
This research suggests that the price of $XRP and other similar cryptocurrencies may enter altcoin season in the near future. The expert, however, believes that the US Securities and Exchange Commission (SEC) should immediately make a decision on the Bitcoin exchange-traded fund (ETF). If the SEC gives its blessing to this financial instrument, it will significantly reduce the uncertainty around the emerging market. There have been some changes in Bitcoin ETF spot applications over the past day. This shift coincides with a general increase in volatility and could herald news that will either usher in crypto season or send the XRP price back into dangerously high territory. According to analyst Eric Balchunas, the best case scenario for XRP and other tokens is SEC approval of the ETF. There may be some disagreement with SEC over these seemingly minor clarifications. Therefore, I would not say that approval is inevitable; however, I think the fact that issuers are "engaging" with the SEC on this issue is quite encouraging. The price of#XRPfell 2% in the previous 24 hours and was trading at $0.47 at the time of writing. This is below the important psychological level of approximately $0.5. Among the major cryptocurrencies, XRP had one of the worst weeks last year, falling 9%. As Bitcoin's influence wanes, will the price of XRP rise to its highs? The fall in#bitcoinDominance (BTC.D) was recently recorded by an anonymous expert on social media platform X. This indicator calculates the percentage of the total market capitalization of a cryptocurrency owned by the BTC. The altcoin market does better when Bitcoin's dominance falls, as it indicates that money is moving from the leading cryptocurrencies to others. According to the analyst, BTC.D is at a critical level where it will meet a high level of resistance. Thus, the metric result may represent less than half of the entire crypto market capitalization. When BTC.D was at its current level, the price of HPP broke above $0.60 and then $0.70, two key resistance levels. Expert said: $BTC .D We have reached a point where news of the victory in the $XRP lawsuit has begun to spread. For many coins, including BTC, this event became an all-time high in 2023 and has triggered a massive rally to date.
Take Care of Your XRP: Leading Financial Blog Reveals Potential Market Manipulation Targeting...
In a recent expose by X, renowned financial blog WallStreetBulls (@w_thejazz) hinted at warning signs of market manipulation targeting XRP, sending shockwaves through the crypto community. This investigation takes a deep dive into the alleged manipulative efforts, the people behind them, and the potential impact on XRP investors. Market Manipulation Revealed WallStreetBulls shares suspicions that a powerful consortium of organizations, including large financial institutions and the 0.01% of the ultra-wealthy, is orchestrating a deliberate campaign to lower XRP value. WallStreetBulls states: “There is significant market manipulation going on and it looks like the 0.01% wealthy elite and big bankers are at the helm!” Many members of the community, as well as conspiracy theorists, often refer to this group as the "deep state." Despite HPP's recent legal victory over the SEC, providing a unique position of regulatory purity among cryptocurrencies, WallStreetBulls argues that this manipulation has not stopped and raises questions about its underlying motives. The media collusion and credibility of XRPWallStreetBulls does not stop there. The post sheds light on some of the media outlets that appear to support the interests of these influencers. These outlets, it claims, have embarked on a relentless mission to attack XRP, creating doubt in the public eye. “Certain media outlets, supposedly serving the interests of these elites, have consistently launched baseless attacks on XRP in an attempt to diminish its value and credibility in the public eye.” .Call to Arms for XRP Investors In response to these concerns, WallStreetBulls calls on the community to “HODL” and remain resilient. WallStreetBulls emphasizes the importance of individual investors staying strong and being aware of potential manipulative tactics that could be used against them. WallStreetBulls also suggests that the elite may be driving panic selling among retail investors in order to accumulate more HPP at lower prices. He encourages XRP holders to resist such pressure and have faith in XRP's long-term potential. WallStreetBulls also suggests that the elite may be driving panic selling among retail investors in order to accumulate more XRP at lower prices. He encourages XRP holders to resist such pressure and have faith in XRP's long-term potential.WallStreetBulls highlights XRP's clarity as a reason why the community can protect its assets. He states: “Don’t fall victim to market manipulation and misinformation. Protect your investment and believe in the intrinsic value of XRP!” The WallStreetBulls investigation paints a disturbing picture of market manipulation targeting XRP. The message is clear: protect your investments, trust the clarity of XRP regulation, and remain resilient in the face of manipulation tactics. With the recent bullish forecast that could see XRP rise to $4.5, small investors will have more reasons to hold their tokens and protect XRP from manipulation market. However, this is not financial advice. Before investing in any crypto asset, it is important to do your own research (DYOR)#Ripple#XRP #XRP
Which crypto will increase in price 10 times: you need to buy this digital currency now
The cryptocurrency market is rapidly expanding its influence. A large number of people make money by buying and selling digital assets. Well-known cryptocurrency specialist and trader Jackis made a prediction about tokens that will soon grow at least 10 times. This is due to the general recovery of the industry after a rather difficult period. According to the expert, the following tokens are most worthy of attention: • Arbitrum (ARB) Arbitrum currently has a price of $0.92. How its values changed:• over the month ARB grew by 3.5%;• over 2 weeks it increased by 9.3%. Despite the fact that over the past day this cryptocurrency fell by 5.3%, the weekly indicator shows something completely different meaning. The token is up 12.9% over the past 7 days.• Avalanche (Avax) This crypto is currently worth $9.38. Over the past 24 hours it has dropped by 3.3%. Before this, the figure increased by 4.3%. Over the month, Avalanche decreased by 5.3%. As of now, Аѵax ranks 24th among the top digital currencies. Its market capitalization is $3 billion.• Polkadot (DOT)The price of this cryptocurrency is now $4.14. The cost of DOT decreased by 2.2% per day, while over the week it increased by 2.7%. Over the month, Polkadot is down 3.5%.The AI made a prediction that by the end of 2023 DOT will reach a value of - $150, and in 2024 - $250.• Solana (SOL)This currency will acquire a price of $25.5 per unit. In theory, this value will be directed to $36. Traders now have $737 million in agreements with Solana, just in the last 24 hours. It is worth noting that at the time of their creation the currency had a price of 23.01 dollars. How did SOL grow: • per month - 16.8%; • 2 weeks - 15.4%; • week - 21.5%.
The head of Binance doubted the growth of Bitcoin immediately
after halving
According to the head of the world's largest cryptocurrency exchange Binance, Changpeng Zhao, one should not expect an increase in the Bitcoin rate immediately after the so-called halving. Zhao shared his thoughts on the impact of the planned reduction in the size of the miners' reward on the future rate of the cryptocurrency in a publication on the Binance Feed platform. Zhao timed the post to coincide with the launch of a countdown to halving on the main page of the Binance website, according to which there are 199 days left until the event on October 9. Halving is a planned reduction the number of newly minted bitcoins that are created and distributed among miners who verify and confirm transactions on the network. This is built into the Bitcoin software code to ensure that the total number of coins on the network never exceeds 21 million units. What is the Bitcoin halving and how will it affect the price of the first cryptocurrency? According to him, in the months leading up to the Bitcoin halving (starting from now ), there will be “more and more talk, news, worries, expectations, hype, hopes, etc.” The day after the halving, the price of Bitcoin will not double overnight, and people will ask why this did not happen, Zhao is sure.The head of Binance revealed new details of the sale of the Russian business of the exchange. According to Zhao’s observations, a year after the halving, the price of Bitcoin reaches new highs. “People will ask why [this happened]. People have short memories, predicts the head of Binance. - I do not claim that there is a proven cause-and-effect relationship. And history does not predict the future." The first halving took place in November 2012, when the block reward - the amount of bitcoins awarded to miners for confirming each block of transactions - decreased from 50 to 25 BTC. The second reduction occurred in July 2016, when the reward decreased from 25 to 12.5 BTC. The third and final halving occurred in May 2020, when the reward decreased from 12.5 to 6.25 BTC. At the end of August, analysts at the venture capital company Pantera Capital, with $3.8 billion in assets under management, predicted that the Bitcoin rate could reach $35 thousand before halving 2024 and up to $148 thousand after it. Surveys organized by opinion leaders from the cryptocurrency community show that more than half of investors expect a new Bitcoin rally after the halving in 2024.