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Which were the prominent cryptocurrencies of the day? December 8, 2023 Which names stood out among the altcoins that showed great movements accompanied by the volatile movements of #Bitcoin (BTC)? #BTC , which has not yet fully broken above $ 44,000, continues to create activity in altcoins. The fact that the ETH price cannot hold on to the resistance, BTC dominance remains at high levels and there is no significant amount of money inflow to the market from outside seems to continue the volatile process in altcoins. Bonk (BONK), which increased by 44.84 percent in the last 24 hours, topped the list of the most rising coins. Optimism (OP) ranked second with an increase of 23.85 percent, Gnosis (GNO) ranked third with an increase of 14.89 percent, and Solana (SOL) ranked fourth with an increase of 12.01 percent. Curve DAO Token (CRV) came in last place with an increase of 9.56 percent. #ORDI (ORDI) was at the top of the list of coins that fell the most. ORDI fell 12.00 percent in the last 24 hours and reached the top. Then came Beam. #BEAM lost 10.01 percent in value in the last 24 hours. #Helium (HNT) ranked third with a decrease of 7.96 percent, and BitTorrent (BTT) ranked fourth with a decrease of 7.93 percent. Terra Classic (LUNC) came in last place with a loss of 7.25 percent. $BTC $ORDI

Which were the prominent cryptocurrencies of the day? December 8, 2023

Which names stood out among the altcoins that showed great movements accompanied by the volatile movements of #Bitcoin (BTC)?

#BTC , which has not yet fully broken above $ 44,000, continues to create activity in altcoins. The fact that the ETH price cannot hold on to the resistance, BTC dominance remains at high levels and there is no significant amount of money inflow to the market from outside seems to continue the volatile process in altcoins.

Bonk (BONK), which increased by 44.84 percent in the last 24 hours, topped the list of the most rising coins. Optimism (OP) ranked second with an increase of 23.85 percent, Gnosis (GNO) ranked third with an increase of 14.89 percent, and Solana (SOL) ranked fourth with an increase of 12.01 percent. Curve DAO Token (CRV) came in last place with an increase of 9.56 percent.

#ORDI (ORDI) was at the top of the list of coins that fell the most. ORDI fell 12.00 percent in the last 24 hours and reached the top. Then came Beam. #BEAM lost 10.01 percent in value in the last 24 hours. #Helium (HNT) ranked third with a decrease of 7.96 percent, and BitTorrent (BTT) ranked fourth with a decrease of 7.93 percent. Terra Classic (LUNC) came in last place with a loss of 7.25 percent.

$BTC $ORDI

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Target is $18! Analyst Saying 3,000 Percent Rise in XRP Shared a Chart! In addition to the lawsuit between Ripple and the SEC, which has been going on for years, community expectations continue to put great pressure on the XRP network. Despite the decline in value in the market, the XRP community has been dreaming of profitability for a long time and attention is drawn to the opportunities where the XRP price can recover. Recently, an analyst made an overly optimistic and perhaps wishful prediction that XRP could rise 3000% to $18. The analyst's prediction attracted the attention of not only #XRP investors but also the entire crypto market. So, let's see how the price can increase by 3000 percent according to the analyst. Following an increase of over 2% on XRP's weekly outlook, the price is at $0.5211 and is trading at a relatively good point. However, despite the increase, this region where XRP has been stuck for years emerged after a general price decline despite the weekly rise. Although Ripple's #XRP Token experienced a remarkable rise in a very short period of time in March, it became one of the cryptocurrencies that most clearly reflected the downward wave in the market and quickly retreated and returned to the point where it started. Besides, a cryptocurrency analyst called the situation as the last price drop before the XRP price increase. Analyst named Coinskid stated that before a possible rise in the XRP price, there may be a decline to $ 0.40 due to the five-wave price movement. Dark Defender, which attracted attention with its analysis on XRP, made a prediction of 3000% after performing an analysis on the XRP / USD charts in its monthly time period review. The analyst noted a distinct bull flag pattern that could trigger a sharp increase in price before consolidations occur.
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One Week Left Until the Big Day: Analysts Update Their Expectations for Ethereum Spot ETF Decision There is only one week left for the fate of spot ETFs that will directly hold Ethereum to be determined by the SEC. Investment companies eager to introduce the first Ethereum-based ETFs face potential disappointment. The U.S. Securities and Exchange Commission (SEC) has not yet indicated it is ready to approve such products. After months of silence, the US regulator is expected to announce its decision next week on at least one application for an ETF that invests directly in Ethereum, the world's second-largest cryptocurrency. Some fund companies are expecting a rejection, citing less robust private dialogues with the #SEC than before the spot-Bitcoin ETFs were approved in January. In the weeks leading up to the approval of the Bitcoin ETFs, fund companies submitted multiple versions of revised paperwork to address the SEC's concerns, a process that significantly contributed to their final approval. However, spot ETH ETF filings have seen much less activity. “Most people generally expect a rejection,” said Katherine Dowling, general counsel at Bitwise, which filed for a spot ETH ETF in March. He added: “You're not seeing the kind of public activity that you would see if there were to be an approval.” The SEC, which postponed decisions on fund applications for several months, has until May 23 to approve or reject VanEck's application. #ETH's value fell nearly 20% in April as approval hopes faded. “If the SEC does not approve #ETH ETFs now, it may be because the line the SEC has drawn is that they will not approve any spot crypto product without an actual court order,” said Jeremy Senderowicz, an attorney specializing in investment services at law firm Vedder Price.
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Uplifting XRP Report Amid Ripple Lawsuit. The first quarterly report of the year containing important details for XRP and XRP Ledger (XRPL) has been published by Ripple. While the legal fight between Ripple and the SEC has reached a new stage, the report contains uplifting details. Some important parts are as follows: *During the reporting period, the daily transaction volume of XRP Coin increased by 40 percent. Binance, Bybit and Upbit are responsible for 70 percent of the total transaction volume. *Speculative interest in XRP was quite strong in the first three months of 2024. Spot trading volume and strong demand in futures were highly correlated with overall market activity. *Transactions in XRPL increased 2 times in the first quarter of 2024 compared to the previous quarter. *The number of XRPL transactions was at 121 million in the 4th quarter of 2023 and increased to over 251 million in this quarter. *At the end of March, the average #XRPL transaction fee decreased to $0.000856. Ripple (XRP) is among the largest cryptocurrencies, but it is not comparable to its competitors in terms of applications that generate benefits on the network. The team is working hard to improve network capabilities, as it is extremely important for the future of the project. XLS-30 was introduced for DeFi developers and users in the last quarter. It is an automatic market maker (AMM) and improves trading capabilities. “More XRPL support – I'm particularly excited about native AMM going live in Q1, arguably one of the biggest updates for the XRP Ledger.” A small comment about the case was also included; “In terms of next steps, both parties will wait for the Judge to make a decision on final remedies – likely in the coming months. Ripple remains confident that the Judge will approach the resolution phase fairly.” $BTC $ETH $BNB
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