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🔥🔥🔥 XRP to $100 to $300: Here are Possible Timelines XRP continues to struggle against bearish pressure, down 14% for the year while other assets surge. This underperformance is often linked to Ripple's periodic sales of XRP and the ongoing SEC lawsuit, though these claims remain speculative. #ripple CTO David Schwartz refutes the notion that Ripple's sales are suppressing XRP's price. Despite ongoing debate, some analysts predict XRP could replicate its 2017 price run, soaring 48,823% after a slow start. Analysts like EGRAG and CryptoBull set ambitious targets for XRP, foreseeing prices reaching $27 and $154 respectively during a potential surge. While some dismiss these projections, others anticipate an eventual uptrend, albeit possibly falling short of these targets. Various entities project timelines for XRP to hit $100 to $300, with Changelly analysts expecting it by April 2040, while Telegaon predicts a longer timeline, foreseeing $100 by 2050. CoinCodex is more pessimistic, suggesting XRP will continue to underperform, with a peak of $2.45 in 2029 and $1.7 in 2030, not surpassing its ATH of $3.84 for the next 16 years. Analysts like Javon Marks and Block Bull have offered bullish predictions, with XRP potentially reaching $200 to $250 by 2025, while EGRAG suggests a target of $220. Currently trading at $0.5296, XRP faces uncertain prospects amidst market fluctuations. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

🔥🔥🔥 XRP to $100 to $300: Here are Possible Timelines

XRP continues to struggle against bearish pressure, down 14% for the year while other assets surge. This underperformance is often linked to Ripple's periodic sales of XRP and the ongoing SEC lawsuit, though these claims remain speculative.

#ripple CTO David Schwartz refutes the notion that Ripple's sales are suppressing XRP's price. Despite ongoing debate, some analysts predict XRP could replicate its 2017 price run, soaring 48,823% after a slow start.

Analysts like EGRAG and CryptoBull set ambitious targets for XRP, foreseeing prices reaching $27 and $154 respectively during a potential surge.

While some dismiss these projections, others anticipate an eventual uptrend, albeit possibly falling short of these targets. Various entities project timelines for XRP to hit $100 to $300, with Changelly analysts expecting it by April 2040, while Telegaon predicts a longer timeline, foreseeing $100 by 2050.

CoinCodex is more pessimistic, suggesting XRP will continue to underperform, with a peak of $2.45 in 2029 and $1.7 in 2030, not surpassing its ATH of $3.84 for the next 16 years.

Analysts like Javon Marks and Block Bull have offered bullish predictions, with XRP potentially reaching $200 to $250 by 2025, while EGRAG suggests a target of $220.

Currently trading at $0.5296, XRP faces uncertain prospects amidst market fluctuations.

Source - thecryptobasic.com

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

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#tether Has Blacklisted an Address Containing $3.5 Million in USDT! Key Points: - Tether Blacklists Address Holding 3.5 Million USDT: Tether has blacklisted the Ethereum address 0x15E0Ce2b1a09fA1dED1a7729B0B568Ac67F4cdf7, which holds 3.5 million USDT, as reported by blockchain security firm PeckShield. - Inability to Transact: The blacklisted address can no longer move or transact its USDT, raising serious concerns about the legitimacy of the funds. - Commitment to Security & Compliance: This action underscores Tether’s commitment to combating illicit activities & highlights the importance of blockchain security & regulatory compliance. Tether, the issuer of the USDT stablecoin, has blacklisted an Ethereum address holding 3.5 million USDT. This address, 0x15E0Ce2b1a09fA1dED1a7729B0B568Ac67F4cdf7, is now incapable of transacting or moving the funds it holds. Tether frequently exercises its authority to freeze addresses linked to suspicious activities, fraud, or regulatory issues. This latest action, reported by blockchain security firm PeckShield, underscores Tether's ongoing efforts to maintain the integrity of its ecosystem & comply with regulatory standards. PeckShield, which has been monitoring the situation, quickly identified & reported the blacklisted address. The address had previously been flagged for unusual activities, likely prompting Tether’s decisive action. Significant USDT Freeze Raises Concerns - Freezing such a substantial amount of USDT is uncommon & signals serious concerns about the legitimacy of the funds. This measure effectively prevents any further transactions or transfers from the blacklisted address & is part of Tether's strategy to combat illicit activities & ensure compliance with international financial regulations. - For the holders of the blacklisted address, this action means a total loss of access to their USDT holdings. For the broader #cryptocurrency community, it serves as a reminder of Tether’s centralized control over its #stablecoin & the responsibilities that come with holding such assets. Source - coincu.com
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💥💥💥 #shibaInu ’s Trading Activity Spikes: Key Insights and Future Prospects Shiba Inu (SHIB) has shown strong momentum, breaking resistance levels and initiating an upward trend. Currently trading at $0.00002757, SHIB has appreciated significantly, increasing its market capitalization by 15.96% to $16.89 billion. The 24-hour trading volume has surged by 94.86% to $1.97 billion. Starting from a low of $0.00002472, SHIB's price has trended upward with minor fluctuations, establishing this low point as a crucial support level. The price movement today has broken through several minor resistance points, highlighting strong buying pressure. However, the peak price of $0.00003000 presents a key resistance level $SHIB is currently facing. The confirmed support level at $0.00002472 is essential for future upward movements, while breaking the $0.00003000 resistance will be crucial for sustained gains. This resistance level is the highest SHIB has ever reached and poses a significant challenge. Coinglass data reveals a 120.36% increase in trading volume this week, reaching $541.18 million. Open interest for SHIB futures contracts rose by 10.95% to $121.66 million. Despite a long/short ratio of 0.9654, indicating a dominance of short positions, overall trading activity remains strong. Technical indicators show the 1-day stochastic RSI trading above the signal line at 90.79, indicating an overbought market and potential near-term price correction. However, the 1-day MACD above the signal line suggests short-term bullish momentum. The 1-day ADX at 15.42 indicates a lack of a strong trend, suggesting a period of consolidation or market uncertainty. According to Changelly blog data, #cryptocurrency experts expect SHIB's price in June 2024 to range between $0.0000288 and $0.0000382, with an average value around $0.0000355. Source - coinedition.com #CryptoTrends2024 #BinanceSquareTalks
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🔥🔥🔥 Why #bitcoin Price Is Down Today? Bitcoin Price Drops Amid Mt. Gox #Wallet Movements & Market Factors Bitcoin experienced a pullback today following reports of Mt. Gox moving a substantial amount of BTC to an unknown wallet, which triggered a broader market selloff. Despite Mt. Gox later denying the sale of $10 billion worth of Bitcoin & Bitcoin Cash for creditor repayments, the market did not recover. Reasons Behind Bitcoin's Decline Mt. Gox Trustee Movements: - Mark Karpeles, former CEO of Mt. Gox, clarified that the trustee was merely preparing for distribution later this year, not selling bitcoins. - Nonetheless, significant $BTC movements led to a decrease in BTC held by large wallets (1K-10K and 10K-100K BTC), dampening market sentiment. Market Factors: - Support Level: Bitcoin remains above the critical support level of $66K. - US PCE Inflation Data: Traders are wary of upcoming inflation data. - Crypto Market Expiry: The expiry of $4.66 billion worth of BTC options on May 31, with a put-call ratio of 0.57 & a max pain point of $65,000, suggests potential for further selloffs. - Implied Volatility: Significant declines in implied volatility across major terms indicate potential for more volatile price movements. Crypto Liquidations - In the last 24 hours, the crypto market saw $170 million in liquidations, according to CoinGlass data. - #Ethereum (ETH) led in liquidation amounts, surpassing Bitcoin’s $25 million in long position liquidations. - The largest single liquidation order on Binance involved ETHUSDT valued at $4.92 million. Current Bitcoin Price & Market Activity - Price Movement: BTC price dropped over 3% in the past 24 hours, currently trading near $68,243. The 24-hour low & high are $67,227 and $70,479, respectively. - Trading Volume: Increased by over 25%, indicating cautious interest among traders. Despite reassurances from Mt. Gox, concerns about large BTC movements, inflation data, & upcoming options expiry contribute to Bitcoin's current downward trend. Source - coingape.com #cryptocurrency #BinanceSquareBTC
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