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💸💸💸💸The president of RIPPLE Mónica long gives bombshell news💸💸💸💸💸
The president of RIPPLE has been at the Amsterdam conference and says that the ripple stablecoin RLUSD will be available already at the end of the year!!!! The stablecoin market is expected to reach around $3 million in the next 4 to 5 years. This option is incredible for companies that want to use blockchain and have stable digital dollars. If you liked the content, remember to follow me for more important news👍 #Binance #DeFi #Ripple #XRP #XRP/USDT🔥🔥: $XRP
Top Analyst Identifies HIDDEN BULLISH DIVERGENCE in XRP and Projects 360x Rise to $200$
Javon Marks, a prominent market analyst, highlights a major bullish indicator for XRP, suggesting a potential surge that could see its value multiply 360 times to $200.
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Marks' analysis comes at a time when XRP is struggling to stay above the $0.51 support, a crucial level needed to protect against any collapse to the $0.50 zone. The analyst based his opinion on several technical indicators that point to a hidden bullish divergence, a pattern that could herald substantial gains for XRP investors.
A hidden bullish divergence occurs when an asset's price makes a higher low while a momentum indicator, such as the Relative Strength Index (RSI), makes a lower low. This pattern suggests that despite a price pullback, the underlying bullish momentum remains strong.
With XRP, both the RSI and price have confirmed this hidden bullish divergence, indicating underlying strength within the existing uptrend. Notably, on the 18-day chart, XRP has continued to record higher lows since 2020, while its RSI has continuously witnessed lower lows since 2016.
David Schwartz discusses Ripple's roadmap to integrating large institutions into DeFi.
Ripple explained that the strategy involves allowing institutions to create highly regulated financial products, such as traditional loan portfolios, that can interact with DeFi ecosystems.
Schwartz illustrated this concept with the example of a regulated financial entity issuing conventional loans for real estate or businesses, followed by the tokenization of this debt, allowing it to be traded within a DeFi system.
Emphasizing the importance of institutions in the mass adoption of cryptocurrencies, the Ripple executive drew parallels with the evolution of the Internet. He noted that the Internet benefited from initial government and military use.
Schwartz suggested that it is now an accepted fact that institutional adoption is a stepping stone to grassroots adoption.
JPMORGAN WARNS ABOUT THE INITIAL NEGATIVE MARKET REACTION TO THE ETHEREUM SPOT ETFs.
According to analysts at JPMorgan, those hoping to see cash flow into spot ethereum ETFs at a similar rate to what happened to their bitcoin counterparts may be disappointed.
“The initial market reaction to the launch of Ethereum spot ETFs is likely to be negative,” the analyst team led by Nikolaos Panigirtzoglou wrote, in a 25-page “Flows and Liquidity” report published Thursday. Ethereum ETH +1.97%
Related comments took up less than a page of the report.
“We believe demand for spot ether ETFs would be a fraction of that seen for spot bitcoin,” the JPMorgan analysts wrote, while listing several reasons why they believe spot ether ETFs are not up to par. height of those of bitcoin.
First, analysts said, bitcoin had a “first-mover advantage” and therefore absorbed much of the demand for crypto assets in response to bitcoin ETF spot approvals.
The Staggering 187x Gain on MAGA Token: Turns $16.4K into $3.07 Million
The cryptocurrency market has been witnessing the bull run of some of the meme coins for a while now, and a cryptocurrency trader known by the Ethereum address "whalefud.eth" has turned a $16.4k investment into $3, 07 million in 11 days, dragging down the recent commotion. Trump-themed meme coins and the $MAGA token. This impressive 187x gain was achieved through strategic trading of $MAGA.
RUSSIA'S TARTARISTAN PLANS TO BUILD A $100 MILLION BITCOIN MINING CENTER
Financial technology company Innopolis Tech, controlled by a former Russian communications minister, is set to build Russia's largest Bitcoin mining center, worth around $100 million.
The Republic of Tatarstan is preparing to build Russia's largest Bitcoin mining infrastructure worth around $100 million in investment, according to local news reports, citing Roman Shaykhutdinov, Tatarstan's deputy prime minister.
Speaking at a crypto forum in Kazan, Shaykhutdinov said the project will be carried out by Innopolis Tech, a financial technology company controlled by Nikolai Nikiforov, Russia's former communications and press minister.
Although specific details regarding the construction schedule and list of investors have not been revealed, Shaykhutdinov said the facility's projected hashrate will be 3 exahashes per second, potentially making it one of the key players in the global blockchain industry. crypto mining.
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During his appearance at the Consensus conference, Ripple CEO Brad Garlinghouse claimed that an XRP exchange-traded fund (ETF) was “inevitable” in the US. The Ripple boss also predicted the emergence of other altcoin ETFs .
In a major policy change, the US Securities and Exchange Commission gave the green light to several Ethereum spot ETFs, raising the price of the underlying cryptocurrency to the highest level since mid-March.
Following the sudden approval of Forms 19b-4, Ethereum ETFs have not yet started trading. According to recent reports, the regulator has now requested that potential issuers urgently submit their draft S-1 filings.
The launch of Bitcoin ETFs in January ended up being a huge success. BlackRock's record-breaking iShares Bitcoin Trust (IBIT) has now managed to amass a staggering $20 billion in total assets under management.
This is not the first time Garlinghouse has confidently predicted altcoin ETFs. In February, months before the SEC's surprising U-turn, he also said the emergence of such products was "inevitable."
British multinational bank Standard Chartered appears to be on the same page as Garlinghouse. As reported by U.Today, he recently predicted that XRP and Solana could be the next altcoins to have their own ETFs in the US.
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TECHNICAL EXPERT SAYS XRP'S DISADVANTAGE IS EXTREMELY LIMITED
While XRP bulls are yet to jump on the trend, Cryptoes suggested that now is an opportune time to buy XRP. According to the analyst, the downside risk of investing in XRP is significantly minimal. Notably, at the time of this publication, XRP is trading at $0.53.
The technical analyst based his outlook on XRP's resistance around the $0.5 price channel, which is now considered "rock-solid support."
Notably, XRP has barely broken the $0.5 mark in the last 30 days. The asset has mostly fluctuated within this range, with the only exception being a brief drop to $0.48 on May 1.
Considering that XRP has held up well for an extended period, the analyst believes that the odds are currently in favor of investors.
The pattern that XRP has formed during this period is identified as a symmetrical triangle, which well-known market observers interpret as a bullish signal. These analysts have suggested several targets that XRP investors can anticipate in the event of a breakout of the downtrend pattern.
For example, analyst Javon Marks predicts an increase of up to 37,635% in XRP to $200. The bold $200 target is inspired by XRP's 75,000% rally after the 2014 consolidation.
Furthermore, beyond the technical aspects of XRP, the anticipation of an XRP rally is reinforced by the current bullish market trend. Every major altcoin is expected to experience its own rally, setting new all-time highs.
🐸$PEPE 🐸💸💸💸PEPE's price is confirmed as the best performing.💸💸💸$PEPE
PEPE price rose by an impressive around 40% in the last few days.
The strength of the overall bullish trend of the token is also expressed in the performance of the last 3 months. In that period, the currency surpassed the 1,000% barrier. In this way, it is placed in first place in performance among the 50 most important currencies.
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💸💸💸COINBASE ANNOUNCES TO RESUME XRP Trading!!!!!💸💸💸
Fantastic news for xrp lovers, who see how crypto returns strongly and without breaking a sweat 💪💪🦾🦾
The announcement was made by Paul Grewal, Coinbase's Chief Legal Counsel, through a social media post.
It is worth mentioning that XRP trading was previously halted on Coinbase in January 2021 due to regulatory issues, making this resumption a significant step forward.
This means that XRP continues to advance and overcome its problems with regularizations in the United States.
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$BTC Will you reach $150,000 before the end of the year?
Cryptocurrency commentator Tom Lee predicts a price of USD 150,000 in 2024 as a minimum price.
These have been his words: "We believe that Bitcoin is still in the early phases of a bull cycle, so the idea that it could reach USD 150,000 this year is still within our base case." $BTC #Binance #Bitcoin
Do you think what was predicted will happen before the end of 2024?
IN A FEW HOURS THE ETHEREUM ETFS WILL BE APPROVED!!!!!🤑🤑🤑🤑🤑 $ETH
Are you going to miss the opportunity to take off into the clouds? I'm not going to miss it, let others buy my sales later when it reaches €6,000 in a very short time.
Trading firm QCP Capital placed the upside potential at 60%.
“We believe an approval is now very likely with trading expected as early as next week,” he wrote in part of his latest update to Telegram channel subscribers.
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Pepe rose 27% today, amid renewed hope for spot Ether ETFs to be approved.
The PEPE price rally should continue over the next few weeks with some normal breakouts for a few days and the usual pullbacks. We will be at 2x-3x in a few weeks.
PEPE led the price growth among the top 10 memecoins by market capitalization in the last 24 hours, but other large memecoins also saw significant price jumps in the last week.
Bonk (BONK) is up 40.80%, Floki (FLOKI) is up 21.94%, and Book of Memes (BOME) is up 25.04%.