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💥CoinGape: XRP And LUNC Communities Scoff At Gary Gensler’s Call For SEC Tip 📢 Gary Gensler Faces Crypto Backlash SEC Chair Gary Gensler urged individuals to report securities fraud or violations to the agency. His post on X received over 600 replies in an hour, with XRP and LUNC communities mocking him for perceived regulatory overreach. 😡 Crypto Community's Disdain Crypto enthusiasts, especially from XRP and LUNC communities, criticized Gensler for undermining the crypto market's integrity. They accused him of harming Binance and Paxos' BUSD stablecoin business, although the SEC later dropped the investigation against Paxos after a judge's ruling. 🏛️ Regulatory Overreach Concerns Gensler faced backlash for his regulatory approach, with the crypto community and lawmakers claiming that the SEC's actions stifle the growth of the crypto industry in the U.S. 📉 XRP and LUNC Price Impact The SEC's lawsuit against Ripple Labs stalled XRP's price momentum. Despite Judge Torres’ ruling providing some clarity, XRP didn't see significant rallies and is currently trading at $0.463, down 1% in a year. Similarly, LUNC's price dropped over 10% in a year amid a lawsuit against Terraform Labs and Do Kwon. LUNC is currently trading above $0.000070.
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💥Solana Price Update: SOL Drops 5% in 24 Hours – Future Price Prediction 📉 Solana Price Update Solana (SOL) has dropped by 5% in the past 24 hours to $134.66 as the crypto market declines by 1.5%. This drop follows the German government's continued sale of 50,000 BTC confiscated in January 2024. Despite this, SOL is up 10% in a week, although down 11% in the past 30 days. Over the past year, SOL has surged by 512%, showcasing its long-term growth potential. 📈 Future Price Prediction SOL's relative strength index (RSI) has plunged to 30, indicating an oversold position. Its 30-day average has fallen below the 200-day average, suggesting a potential correction soon. Support and resistance levels are nearing each other, potentially signaling a big move. Trading volume has risen to $3 billion, indicating increased market activity. 🚀 Recovery Prospects With the upcoming launch of Ethereum ETFs, Solana's price is expected to recover. The possibility of Solana ETFs, with VanEck filing for its SOL fund, also bodes well. Solana's popularity as a layer-one network for meme tokens and rising transaction volumes further support its bullish outlook. 💡 Price Targets Solana could hit $150 in the next month and potentially return to $200 by Q4 2024, especially with anticipated rate cuts in the fall.
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🔥Pepe Falls Hard as a $3.2 Million Rival Emerges 🐸 Pepe in Hot Water Pepe (PEPE) is struggling as its price falters, losing a crucial support level. Prominent traders on Crypto X (formerly Twitter) are bearish, predicting further declines. 📉 PEPE Price Analysis PEPE is currently trading at $0.00000885, down 0.45% in the last 24 hours. The coin tumbled from its accumulation zone, destroying any remaining bullish structure. Losing the 20DMA support makes PEPE vulnerable to further drops. The last similar incident saw a 33% drop. 📊 Indicators and Predictions The RSI shows strong bullish divergence, indicating potential upside, but traders should be cautious. PEPE could drop to a lower support level at $0.00000575 (-35%) or rise back above the 20DMA to $0.0000095 (+7.34%). The risk-reward ratio is 0.21, making it a risky entry. 🚀 Competitor on the Rise Despite PEPE's struggles, retail investor interest and buy volumes are strong in the PEPU presale, suggesting a promising investment opportunity. #pepe⚡ #Priceanalysis
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🔥Biggest Altcoin Gainers of the Second Week of July 2024 🚀 Notcoin (NOT) Breaks Out Notcoin (NOT) saw a 42.25% increase in the last seven days, making it the top gainer. Trading at $0.014, NOT broke out of a descending triangle, rising from $0.0094 to $0.017. However, with the RSI indicating it was overbought, the price has since decreased. If momentum falls, NOT might drop to $0.012, but increased buying pressure could push it to $0.016. 🌟 Celestia (TIA) Gains 35% Celestia (TIA) broke out of a five-month downtrend, rising by 35.04% in the second week of July. The Money Flow Index (MFI) showed increased capital deployment, contributing to the price hike. Currently, TIA trades at $6.62. If the MFI jumps past the neutral line, TIA could revisit $7; otherwise, it might drop to $6.06. 📈 MANTRA (OM) Gains Again MANTRA (OM) increased by 32.05%, making a consecutive appearance among the top gainers. Trading at $1.03, OM has maintained its uptrend with strong support at $0.74 and resistance break at $0.90. The Awesome Oscillator (AO) indicates positive momentum, suggesting OM could reach $1.10. If the trend reverses, OM might fall back to $0.90. 🔝 Other Gainers Other notable gainers of the week include Optimism (OP), Conflux (CFX), and Ronin (RON).
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🤯🤯🤯6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod 🔒 Ethereum Supply Tightens Up As investors freeze their Ethereum assets instead of selling, the Ethereum ecosystem faces a supply shortage. Earlier this month, an unknown market player moved 6,400 ETH to the Beacon Chain depositor wallet, suggesting long-term optimism and a significant reduction in available ETH for trading. 📈 Rising Staking Activity Glassnode data shows an increase in Ethereum 2.0 fresh deposits, with more users staking at least 32 ETH to participate in the rewards system. This trend indicates a strong community belief in the future of Ethereum, potentially impacting its price dynamics. 💹 Bullish Momentum Surge Ahead Santiment reports that Ethereum's exchange outflow is greater than its inflow, reducing sell-side pressure. Combined with the rise in locked-up coins, this dynamic could lead to an ETH price surge. Predictions suggest Ethereum could surpass Bitcoin in the fourth quarter of 2024, with the Bulls and Bears indicator showing bullish dominance for Ether. 📊 Market Predictions Market expert Benjamin Cowen believes Ethereum could reach $3,300 in the next few weeks or months and possibly hit $3,500 if buying demand surpasses selling pressure.
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