The latest analysis by Egrag Crypto reveals an optimistic outlook for Ripple (XRP). According to this analysis, XRP is approaching a crucial "drop zone", which could trigger a dramatic jump in price. This strategic zone could propel XRP from $2 to $15. Understanding this drop zone is essential to capturing market momentum.

Drop Zones: From Area A to Area B
Egrag Crypto describes Area A as a comfortable consolidation phase for XRP. However, XRP has now reached the edge of this drop zone, much like a magnet attracting an object. Once XRP enters this zone, it will move into a new macro consolidation area – Area B. The next step is clear: XRP needs to move closer to Drop Zone B.
The $2 mark acts as the ignition switch. Once XRP reaches this level, a jump to $15 becomes almost certain. This projection is based on previous market movements. The transition from $0.15 to $2 represented massive volatility of 1,233.33%.
On the other hand, Egrag notes that the move from $15 to $115 will show reduced volatility at 666.67%. While this reduction is still significant, it indicates greater stability in higher price ranges compared to the chaotic swings of the past.
What Comes Next: Area B and Stability
At $15, the journey for XRP doesn’t end. Egrag Crypto anticipates that XRP will move into a new consolidation zone called Area B, which will range between $15 and $115. While this target may seem ambitious to some, Egrag argues that reduced volatility signals a more predictable market.
This newfound stability could attract more investors. The key point is the $2 level, which could be the trigger for XRP to enter Drop Zone B. Once this ignition occurs, a new cycle is expected to begin, with double-digit prices on the horizon for XRP.
Optimistic Outlook for #Xrp🔥🔥
The analysis by Egrag Crypto offers a positive and strategic perspective on XRP's future. This outlook promises less chaotic price movements than in the past, providing hope and excitement for the #XRPcommunity .
#XRPPredictions , #CryptoNews🚀🔥 , #Altcoins👀🚀

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At a recent Polkadot Fellowship meeting, Dr. Gavin Wood, the creator of Polkadot and Kusama, revealed significant progress in the Join-Accumulate Machine (JAM). The 0.4 version of the JAM gray paper now includes "Ordered Accumulation," a crucial update and the final step before the release of version 1.0.
JAM to Replace the Relay Chain
According to Polkadot's official statement, JAM is a "promising design that will replace the relay chain." Polkadot explained that JAM comes from the concept of CoreJAM, which stands for Collect Refine Join Accumulate. This model, originally designed by Dr. Gavin Wood, details a new computational system embodied by JAM.
JAM aims to revolutionize decentralized computing by solving the issue of "sharding islands" through a decentralized data lake. This approach allows for efficient modification and reuse of data across work packages, surpassing the capabilities of existing models like the Polkadot relay chain and #etherreum .
The Ordered Accumulation feature enables sequential processing of work packages where one package relies on the output of another, ensuring reliable and efficient computations.
64-Bit Upgrade for Polkadot Virtual Machine
Another major announcement was the enhancement of the Polkadot Virtual Machine (PVM). The PVM will undergo a significant upgrade from a 32-bit to a 64-bit system, bringing increased performance and improved data processing capabilities.
Elastic Scaling to Launch in 2025
At the meeting, Fellowship member Andrei Sandu shared an important update regarding Polkadot's roadmap. He announced that elastic scaling for Polkadot is scheduled for January or February 2025. This step will be the final phase before the long-awaited release of Polkadot 2.0. The full launch of Polkadot 2.0 is expected within the same time frame.
#DEFİ , #polkadot2.0 , #Cryptocurrencies , #CryptoNews🚀🔥

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The price of Cardano (ADA) is currently at a crucial turning point, where signals indicate both potential gains and risks. The market is showing signs of increasing momentum, as confirmed by the rise in the Average Directional Index (ADX), which measures the strength of the trend.
At the same time, ADA is facing resistance levels while relying on key support zones to prevent further declines. The price development will depend on whether the bullish momentum continues or if selling pressure intensifies.
ADA Trend Gaining Strength
Cardano (ADA) is showing signs of a possible downtrend, as long-term moving averages are positioned above short-term ones, indicating a bearish sentiment.

However, if buying activity increases, the short-term moving average could break above the long-term one, creating a bullish signal. Indicators such as the Tenkan-sen (red line) and Kijun-sen (blue line) are close to each other, reflecting weak trend momentum. A bullish signal would occur if the Tenkan-sen crosses above the Kijun-sen, with the price remaining above the cloud.
The Lagging Span (green line) is still within the price action, causing uncertainty in the market. However, if it moves above the price, it could signal building bullish momentum. ADA is at a critical point where a breakout or a pullback could occur, depending on the strength of the market.

ADA Price Prediction: Immediate 19% Price Increase?
Cardano ($ADA ) is facing key resistance levels at $0.37 and $0.416. A break above these levels could open the door for further growth, with a potential target of $0.43.
Reaching this level would represent ADA's highest price since July, marking a possible 19% increase. Strong bullish momentum would be needed to overcome these barriers and push the price to this significant level.

On the other hand, ADA has support at $0.343 and $0.33, which could help stabilize the price if bullish momentum fails. If these support levels do not hold, ADA could potentially drop to $0.30, representing a 16% decline. The next market moves will be crucial in determining whether ADA breaks out or faces further downward pressure.
#CardanoPredictions , #CryptoNews🚀🔥 , #cardanoprice , #Altcoins👀🚀

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#ApeCoin (APE) has hit the headlines due to a dramatic price surge. Over the past 24 hours, APE’s value has increased by more than 85%, approaching a nearly 100% rise. This price spike is driven by several key developments that have reshaped the entire ApeCoin ecosystem. So, what fueled this rapid growth?

ApeCoin Updates: What’s Driving the Price Surge?

1. ApeCoin Becomes the Native Gas Token on ApeChain
One of the main reasons for the price increase is ApeCoin’s transition to ApeChain, where APE is now used as the native gas token. This means that APE is utilized for transaction fees within the network, reducing reliance on Ethereum while lowering transaction costs for users in the Yuga Labs ecosystem.
APE also retains its crucial role in ApeCoin DAO, where holders can vote on the project’s future developments. Additionally, it’s used as a payment method for Yuga Labs products and in real-world purchases, leading to greater demand for the token.
2. Omnichain Fungible Token: Enhanced Interoperability
By adopting the LayerZero Omnichain Fungible Token (OFT) standard, APE has become easily transferable across various blockchains, such as ApeChain, Ethereum, and Arbitrum. This interoperability has attracted new users and increased the versatility of ApeCoin.
The ability to seamlessly move APE between blockchains has led to a significant rise in trading activity. In the past 24 hours, APE’s trading volume has surged by an astounding 3,968.64% to reach $1.25 billion.
3. Native Yield Mechanism: Passive Earnings for APE Holders
Collaboration with DecentXYZ has introduced a new native yield mechanism, allowing APE holders to automatically earn yield. Users only need to hold their tokens on ApeChain, and their returns are automatically compounded, providing a major advantage for investors.
This feature has caught the attention of long-term investors looking for an easy way to passively grow their holdings, leading to increased demand for APE.
4. Bridging ApeCoin: Seamless Transfers to ApeChain
The ApeChain bridge is experiencing high traffic as users transfer their APE from other blockchains to take advantage of new features like native yield and interoperability. These transfers are creating additional buying pressure, further driving APE’s price upward.
With growing interest in ApeCoin bridging and the upcoming launch of features like Toptrader_xyz, it’s expected that market activity for APE will continue to grow.
ApeCoin Price Analysis and Prediction

1. APE Price Analysis
ApeCoin is currently trading at $1.37, and its price surge has been remarkable:
1-day performance: +85.43%7-day performance: +89.52%1-month performance: +74.14%
APE has also risen +185.37% from its all-time low of $0.4826, confirming its upward momentum. The market capitalization now stands at $1.03 billion, marking an 85.39% increase in just one day.

2. APE Technical Indicators: “STRONG BUY”

Technical indicators show strong buy signals:
Relative Strength Index (RSI): 85.47 – indicates overbought territory but remains bullish.MACD: +0.0558 – signals a buy.Hull Moving Average: 0.9749 – also signals a buy.
All technical indicators support the ongoing bullish trend.

3. APE Price Prediction
With the launch of ApeChain, LayerZero omnichain integration, and the introduction of native yield, ApeCoin is poised for further growth. Technical indicators show strong buy signals, and analysts expect APE’s price to continue climbing in the coming days, especially as more users and features are added to ApeChain.
#Altcoins👀🚀 , #CryptoPredictions , #ApecoinSurge , #CryptoNews🚀🔥

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Executives at Blockchain.com are facing legal action due to delays in filing financial reports. Companies House, the UK's corporate registry, has intensified its enforcement actions against the company.
Delayed Filings Lead to Legal Trouble
UK-based cryptocurrency firm Blockchain.com is facing legal consequences after two senior executives – co-founder and president Nicolas Cary and COO Al Turnbull – were accused of failing to file the company’s accounts on time. According to court documents obtained by The Telegraph, both executives were summoned in May, and legal proceedings began on September 25 in Cardiff. The next hearing is scheduled for November 26.
Late Financial Reports for 2022
The legal action focuses on the company's failure to submit its financial reports for the year ending in December 2022. The firm only filed its 2020 financial accounts in October 2023, which led to the prosecution. Blockchain.com attributed the delay to a restructuring effort and a significant reduction in workforce, which took time to stabilize.
Potential Consequences for Leadership
According to The Telegraph, the company’s leadership is preparing to defend themselves in court. If convicted for failing to file accounts, the executives could face unlimited fines.
Company History and Valuation
Blockchain.com was founded in 2011 by Peter Smith and Nicolas Cary. In November 2023, the company reached a valuation of around $7 billion after securing $110 million in funding. Notable investors include Baillie Gifford, Google Ventures, and DST Global.
Value Decline Following Crisis
According to sources from Bloomberg, the company’s valuation has since dropped to less than half of its previous high of $14 billion. This decline was partly due to its exposure to the collapse of the hedge fund Three Arrows Capital, to which Blockchain.com had loaned $270 million.
#BlockchainTechnology , #courtcase , #LegalAction , #CryptoNews🚀🔥 , #Cryptocurrencies

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#etherreum co-founder #VitalikButerin unveiled his vision for Ethereum's future at the 10th Global Blockchain Summit. This major event, held on October 17, 2024, in Shanghai, provided important insights into the direction Ethereum is heading.
Ethereum's Journey: From Its Beginnings to the Present
In his speech, Buterin reflected on how Ethereum has evolved since its launch in 2015. From a small blockchain platform, it has grown into a powerful decentralized network supporting #DEFİ , #NFTs. , and many other blockchain-based applications.
"Since the beginning, our focus has always been on improving Ethereum’s technology," Buterin noted, recalling the critical transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022. He highlighted that areas such as scalability, privacy, and security have been at the forefront of Ethereum’s development over the past decade.
Reaching 100,000 TPS: Ethereum's Scalability Goal
One of the key points in Buterin’s speech was the ambitious plan for Ethereum to reach over 100,000 transactions per second (TPS) through Layer 2 (L2) solutions. He pointed out the progress already made in reducing transaction costs and improving confirmation times.
Transaction fees, which in 2020 and 2021 ranged from $5–10 USD, and in some cases reached as high as $800 USD, were reduced to just $0.01 USD in 2023 thanks to L2 solutions. This improvement is critical for Ethereum’s future mass adoption.
Fast Cross-Chain Transactions: The Future of Interoperable Blockchains
Buterin also outlined how Ethereum plans to enhance interoperability between blockchains. The goal is to reduce cross-chain transfer times to 2 seconds, providing users with a seamless and fast experience when transferring assets across different blockchains.
Improving User Experience and Global Adoption
Buterin emphasized that improving user interfaces will play a key role in making decentralized applications (dApps) more accessible to the public. Ethereum is focusing on markets like Argentina and Turkey, where digital currency adoption is growing. In these countries, over 10% of the population already owns cryptocurrencies, creating a huge opportunity for expanding dApps usage.
Prioritizing Cross-Chain Security
While the Ethereum Virtual Machine (EVM) remains a crucial part of the platform's infrastructure, Buterin pointed out that the future focus will shift towards cross-chain security. As Ethereum expands and integrates with other blockchains, ensuring secure interactions between them will be essential for the platform's long-term success.
The Future of Ethereum
Buterin's vision for Ethereum includes massive scalability, fast cross-chain transactions, improved user experiences, and greater emphasis on security. With these advancements, Ethereum is poised to remain a leader in the blockchain space and continue driving innovations that will shape the next generation of decentralized technology.
#CryptoNews🚀🔥

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The World Liberty Financial (WLF) crypto project, connected to Donald Trump, had grand ambitions. Its goal was to "shake up the crypto world with something HUGE." However, reality fell far short of these expectations.
Unsuccessful Token Sale
Instead of filling its treasury with large investments, the project failed to come close to its sales targets. WLF aimed to raise $300 million by selling 20% of its tokens, with a total valuation of $1.5 billion. Instead, it managed to collect only $13.5 million, which is less than 5% of its goal.
Controversial Project Terms
It's not hard to understand why investors remained cautious. In a recently published 13-page "golden paper," the project revealed that DT Marks DEFI LLC, linked to the Trump family, has the right to 75% of the net proceeds from the protocol and would receive WLFI tokens worth $337.5 million. This raised doubts even among the project's most loyal supporters.
Investor Distrust
Jehan Chu, co-founder and managing partner of Kenetic Capital, stated that these conditions left a negative impression even on seasoned investors, who see the project as unattractive from an investment perspective. Similarly, Yat Siu, co-founder of Animoca Brands, shared a similar opinion, calling the project a "money grab," adding that the Trump family has yet to demonstrate a genuine understanding of the spirit and ethos of Web3, which is largely about sharing network effects and building community.
Sale Restrictions and Founder Issues
Another issue was the restriction on WLFI token sales to accredited U.S. investors only, excluding smaller, everyday investors from participating. In addition to this limitation, investors were also concerned about the past of two of WLF's five co-founders, Chase Herro and Zak Folkman. These two had previously co-founded Dough Finance, a DeFi project that lost $2 million in a hack this July, and were reportedly involved in several lawsuits across the United States.
Tokenomics and Technological Shortcomings
Weak tokenomics and the founders' controversial history were not the only concerns. WLF plans to launch an Aave v3 platform on the Ethereum network, offering liquidity for ether, wrapped bitcoin, and stablecoins, with plans to expand to Layer 2 Scroll. According to Joe McCann, founder of Asymmetric Financial, this is "just another lending/borrowing app that was innovative five years ago."
Moreover, the project's "golden paper" states that WLFI tokens will be non-transferable for at least one year, raising liquidity concerns.
Technical Issues During the Token Sale
Technical problems during the token sale further complicated matters. The project's website crashed for an extended period due to insufficient automatic scaling.
An Uncertain Future for the Project
Even though the total token sale figure of $13.5 million may not be final—since some buyers may have purchased directly through the team—it's clear that the project got off to a bad start. World Liberty Financial is expected to face a tough road ahead in reaching its goals.
#donaldtrump , #CryptoNews🚀🔥 , #WLFI , #Cryptoprojects
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A significant portion of #etherreum is now held by entities that are not actively spending or moving their funds.
According to the latest data from CryptoQuant, the amount of Ethereum (#ETH🔥🔥🔥🔥 ) on so-called accumulation addresses has surpassed 19 million.
As of October 18th, the total amount of Ethereum on these addresses has nearly doubled compared to January 2024.
At the start of the year, this metric stood at 11.5 million $ETH , and one analyst predicts that this figure will exceed 20 million by the end of the year.
Approval of Ethereum ETFs as a Key Factor
The analyst explains that a major reason for this growth is the approval of Ethereum Spot ETFs at the beginning of 2024. This move brought new confidence in regulations and helped Ethereum become more mainstream.
Since the Securities and Exchange Commission (SEC) approved the Ethereum Spot ETF, interest in Ethereum has grown among both institutions and individuals.
Growth of Accumulation Addresses and Their Value
According to the analysis, it is expected that by the end of 2024, accumulation addresses will reach 20 million ETH, a level comparable to the holdings of the world’s largest companies.
Analysts predict that the total value of these addresses will reach $80 billion, with Ethereum's price possibly hovering around $4,000 USD per unit.
71% of Ethereum Holders Are in Profit
According to data from IntoTheBlock, currently 71% of Ethereum holders are in profit.
The data also shows that 29% of holders are at a loss, while roughly 1% are neutral.

Looking at the holding duration, more than 74% of Ethereum holders have been holding their coins for over one year.
Around 23% of holders have had ETH for 1 to 12 months, and only 3% have held Ethereum for less than one month.
Recent Growth in Ethereum’s Price
Ethereum’s price has risen by more than 2% in the last 24 hours and by more than 10% over the past seven days. At the time of writing, Ethereum has regained the $2,700 USD level.
#EthereumPrice , #Cryptocurrencies , #CryptoNews🚀🔥

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Binance Enters Kazakhstan: Expanding Crypto Market in Central Asia
Binance, the world's largest cryptocurrency exchange, has started its operations in Kazakhstan, or at least it has all the necessary approvals to do so.  The company itself has reported so on its blog, and crypto-related news has picked up on it.

In this article, we'll review what we know about the latest development for Binance and what it means for the crypto industry in the region and in general.  The decision to move into a new market is part of a wider trend in the world of crypto and is somewhat driven by the changes in the Western markets.
What Happened?
Binance exchange has become the first registered crypto exchange in Kazakhstan.  The Astana Financial Services Authority (AFSA) recently recognized the firm.  This doesn't yet mean that the exchange is open and that it can be used, but that it has the right to open its services for the region.
This was announced by the crypto exchange itself and by the authorities in Kazakhstan.  Binance and the local media will also report any further steps.  Global crypto watchers are also following the news as it happens.
What was the Process Like?
Binance Kazakhstan passed through several external financial audits and received ISO certifications for its IT systems.  These processes are put in place by the country's monetary authorities to assure the safety of the users and their crypto assets.  Additionally, the exchange was expected by outside agencies, and it faced several internal audits that it shared with the proper authorities in Kazakhstan.  Regulatory standards in Kazakhstan are in line with the international norms.
What's Next?
 Now that the license has been obtained, Binance is supposed to start providing a vast array of digital and crypto services. 
As we celebrate this milestone, we look forward to setting a new standard for digital-asset trading facilities in the region.  With the full license in place, Binance Kazakhstan is poised to significantly contribute to the growth and development of the local digital-asset ecosystem, further fostering innovation and trust in this dynamic market, said Binance in a statement posted online.
The services will include the right to operate a virtual assets trading facility, engage in principal investment dealings, and offer custody services for virtual assets. 
 Move away From Western Markets
 Binance and other crypto companies have been moving away from the Western markets in the last couple of years.  There are a few reasons that have driven this change.  Firstly, with the broader adoption of crypto in the US and EU, there are also more regulations to follow and comply with.  The lack of those issues is what drew many users to crypto, and the change has led to the move abroad.
At the same time, there are growing markets for crypto outside of the countries in which crypto was invented and first used.  These countries have a growing middle class looking to invest in crypto, which is tech-savvy and eager to expand its portfolio.
Why Kazakhstan?
The decision to work on having a presence in Kazakhstan is no surprise to those who are familiar with the industry and the region.  The country has made an effort to establish itself in the region as the center of crypto innovation, and it has a pro-business policy regarding regulations.
The country is also uniquely positioned in the region, and it's attractive to business interests from both Europe and Asia, which is the market Binance is looking to attract.
Binance Moves in South Africa
At the same time, while being approved in Kazakhstan, Binance is having trouble with the regulatory agency in South Africa as it tries to establish its presence there as well.  Binance Bahrain stepped up to offer derivative products to its South African customers, which was in line with its goal of meeting legal requirements.
Binance's executive Tigran Gambaryan is to start trial in Nigeria.  The attorneys working on this case, who also represented Changpeng 'CZ' Zhao, have withdrawn from the case.  Binance has also indicated that it's ready to comply further with the countries in which it operates. You can check this detailed Binance review, if you want to know about how they operate in different regions than the ones we spoke about in this article.
To Sum Up
In conclusion, Binance's entry into Kazakhstan marks a significant milestone for both the exchange and the country's growing crypto ecosystem.  With its official recognition and upcoming services, Binance is set to enhance the local digital asset landscape.  This move reflects a broader trend of crypto companies seeking more favorable regulatory environments beyond Western markets.
Kazakhstan's pro-business approach and strategic location make it an attractive hub for digital innovation.  As Binance expands its operations, it could inspire further growth and trust in cryptocurrency across the region, ultimately shaping the future of digital asset trading in Central Asia.

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#BinanceNews #Kazakhstan #coingabbar #CryptoNews🚀🔥

European Central Bank (ECB) economists have sounded the alarm over Bitcoin’s latest surge, warning that it could trigger a significant redistribution of wealth. According to a recent analysis, the ECB believes Bitcoin’s growth may lead to “massive collateral damage,” particularly impacting those less familiar with cryptocurrency markets. The ECB argues that Bitcoin offers no real value, lacks traditional financial benefits like cash flow or dividends, and poses risks such as enabling criminal activity and contributing to environmental harm through its energy-intensive mining.
The economists are especially concerned about a “boom-bust” cycle, where speculative gains could lead to a crash, disproportionately harming small investors. They point out that while crypto's popularity grows, particularly with the rise of Bitcoin ETFs, it may fuel a wider gap between those who understand the market and those who don’t.
The implications are clear: Bitcoin’s potential for rapid wealth shifts is significant, but it could come at a heavy social cost if not properly managed.
What do you think? Could Bitcoin's rise truly lead to a large-scale redistribution of wealth, or is this just part of the growing pains of a new financial era?
———————
Source: Business Insider, TradingView.

#CryptoNewss #BTC☀ #bitcoin☀️ #Bitcoin❗ #CryptoNews🚀🔥

Investors often bet on memecoins in hopes of quick profits. While these investments can sometimes result in large losses, this particular story led to incredible success and million-dollar gains.
From $96 to $3 Million
According to Lookonchain, a savvy trader managed to turn an investment of just $96 into $3 million within a year.

,,What can you do with $96?
This guy made over $3 million with just $96, a 32,000x return!
He spent only 0.052 ETH ($96) to buy 608,650 TRUMP on August 12, 2023 and started selling TRUMP at a profit 6 hours ago.
So far, he has sold 6,000 TRUMPs for 11.4k ETH (worth $30k), leaving 594,564 TRUMPs (worth $3.06m)"

Investment in TRUMP Tokens
This trader, who accurately predicted the impact of the U.S. elections, invested in the #TrumpToken from the PolitiFi platform. On August 12, 2023, they purchased 608,650 TRUMP tokens for only $96.
Million-Dollar Profits
Following a recent surge in value, the trader began selling some of their TRUMP tokens. They first sold 6,000 tokens for $30,000. Despite this, the trader still holds TRUMP tokens worth $3.06 million, making this one of the most successful trades in recent times.
This story demonstrates that with well-timed investments, memecoins can bring huge profits, although they come with high risks.
What Do You Think?
What’s your opinion on such quick investment returns? Have you had any experiences with memecoins, or would you never consider investing in them? Share your thoughts with us in the comments!
#memecoin🚀🚀🚀 , #TrumpCrypto , #CryptoNews🚀🔥

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The U.S. Securities and Exchange Commission (SEC) has officially filed an appeal against Ripple Labs concerning XRP. This comes after speculation about whether the regulator had missed the deadline to do so.
Since the appeal was filed, XRP has been on a downward trajectory, dropping 2% in the last 24 hours. With bearish sentiment growing around the altcoin, the decline could deepen. The key question now is: How much further could XRP drop and for how long?
Ripple's Legal Challenges
In its October 17 statement, before submitting the appeal, the SEC did not contest the ruling that sales of XRP to retail investors via exchanges are not securities. Instead, the agency seeks clarification on whether the U.S. District Court for the Southern District of New York erred in its judgment regarding Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen.
The SEC has also requested the case be reviewed "de novo," meaning the court will reassess how the law was applied from a fresh perspective.
"No surprise – it was clearly stated once again. There is NO appeal against the court's decision that 'XRP is not a security.' This decision stands as the law of the land," said Ripple's chief legal officer, Stuart Alderoty.
How XRP Reacted
XRP’s trading activity significantly decreased following the appeal filing. Currently, the altcoin is trading at $0.54, reflecting a 2% drop in the past 24 hours.
This price decline was accompanied by a rise in XRP's Network Value to Transactions (NVT) ratio, which reached a yearly high of 634. The NVT ratio measures whether an asset is overvalued or undervalued by comparing its market capitalization to transaction volume. A rising NVT along with a falling price is a bearish signal, indicating that the asset is overvalued despite the price drop and that weak buying pressure is driving the price lower.

Calm Among Long-Term Holders
Despite the SEC's appeal and increased selling activity, long-term holders of XRP (LTH) have remained calm. According to data from Santiment, the token age consumption metric, which tracks the movement of long-held coins, has not shown any significant spikes. This suggests that most of the selling is coming from newer coins, with long-term holders not under significant selling pressure.

XRP Price Prediction: Short-Term Traders Should Be Cautious
While long-term XRP holders remain steady, short-term traders have begun selling, which could lead to further price volatility in the near future. XRP is currently trading at $0.54, just above the support level of $0.52. If selling pressure increases, the price of XRP could drop below this support level and fall to $0.38, representing a 30% decline from current levels.

However, if selling pressure eases and new demand emerges, XRP’s price could rebound, breaking past the resistance at $0.56 and potentially reaching $0.65.
#Xrp🔥🔥 , #RippleVsSEC , #XRPPredictions , #CryptoNews🚀🔥 , #Altcoins👀🚀

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With the U.S. presidential election fast approaching, concerns about the potential manipulation of prediction markets are growing. Less than three weeks remain until the election, and on the decentralized prediction market Polymarket, fears of possible distortions are surfacing.
The Influence of User "Fredi9999"
The rising odds of former president Donald Trump in the 2024 election seem to be significantly influenced by a Polymarket user named “Fredi9999.” This major bettor is holding pro-Trump bets worth over $20 million, raising questions about the accuracy of predictions, especially after Trump’s odds hit a record 60.2% on October 16.

Unnatural Growth in Trump's Popularity
Alex Momot, CEO of Peanut Trade, has expressed concerns about this surge, which doesn’t align with any significant real-world events. He warns that many people may view Polymarket as a reliable source, potentially shaping their opinions in the real world.

Possible Manipulation by "Fredi9999"
According to pseudonymous political bettor Domer, who monitors political markets, Fredi9999 has a substantial influence on Trump’s prediction market prices. Transaction patterns suggest that Fredi could control up to four of the largest accounts betting on Trump. Deposits of up to $1 million or more are placed strategically to sway the odds in Trump's favor.

Risks of Manipulation and Polymarket’s Reliability
Momot points out that the situation on Polymarket highlights the vulnerability of these platforms to manipulation. As more high-stakes bets are made, the risk of multiple accounts and other tactics aimed at distorting results increases.
Growing Influence of Decentralized Prediction Markets
On the other hand, billionaire Elon Musk believes that decentralized prediction markets might be more accurate than traditional polls. Following his recent boost in support for Trump, Musk argues that these markets could better reflect the real outcomes of the election.
Trump’s Odds Also Rising on Traditional Betting Platforms
Trump’s odds of winning are not only rising on Polymarket but also on traditional betting platforms, albeit to a lesser extent. For instance, on Betfair, his odds are at 58.8%, while on Predictit, they stand at 56%.

Conclusion
As the election nears, the reliability of prediction markets remains an open question, with manipulation posing a real risk. However, Trump’s rising odds, both on decentralized and traditional platforms, indicate that bettors are increasingly confident in his chances of success.
#Polymarket , #donaldtrump , #PredictionMarkets , #Trump2024 , #CryptoNews🚀🔥

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FOX business journalist Eleanor Terrett has revealed a new deadline for the U.S. SEC to file Form C in its appeal against Ripple.
Speculation About SEC's Appeal Being Dismissed
There have been rumors that the Second Circuit Court might dismiss the SEC's appeal against Ripple. These speculations gained traction after some experts noted that the SEC had allegedly missed the deadline to file Form C.
SEC's Obligation to File Form C
The SEC was required to file Form C within 14 days after notifying the court of its intention to appeal. However, confusion arose about the exact deadline for filing the form.
The SEC filed its appeal on October 2, and experts in the crypto space, including Ripple's Chief Legal Officer Stuart Alderoty, believed that the deadline for Form C was set for October 16.
Despite these claims, the SEC did not file the form by that date, leading to speculation that the appellate court might dismiss the agency's appeal.
New Deadline for Filing Form C
Interestingly, Eleanor Terrett shared a document indicating that the deadline for filing Form C had not yet passed. While the SEC filed its appeal on October 2, the appeal was officially docketed by the Second Circuit on October 4.
This means the 14-day countdown for the SEC to file Form C officially began on October 5. According to Terrett, the SEC now has until October 18, 11:59 PM (ET) to submit Form C. The delayed docketing extended the deadline from October 16 to October 18.

Lawyer Confirms the Deadline Extension
Pro-XRP legal expert Fred Rispoli confirmed the accuracy of the extended deadline information. Rispoli admitted that he was unaware of the SEC's docketing delay until informed by XRP community member Horațiu.
What Does the SEC’s Potential Appeal Mean?
Form C would provide an overview of what the SEC plans to challenge in the appellate court. Although the SEC has not yet filed the form, there is speculation that the appeal will focus on the court decisions that favored Ripple, particularly regarding the programmatic sales and other distributions of XRP.
The SEC has already tried to overturn these rulings through an interlocutory appeal, which was denied by Judge Analisa Torres. After the final judgment is issued and the SEC informs the court of its intent to appeal, the agency may continue its efforts to reverse these decisions.

#RippleVsSEC , #cryptoregulation , #CryptoUpdates , #CryptoNews🚀🔥 , #Ripple💰

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