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⚠️ XRP Community Gets Crucial Warning, What It Pertains To The XRP community has just received a critical warning from Wietse Wind, a prominent XRPL developer. The warning is about a fake token called "Xaman." To put things in context, Xaman is a noncustodial client (wallet) for XRP Ledger, which allows users to interact with the ledger and third party tools. Wind emphasized in his tweet that no official Xaman token exists, and neither will there be any: "There is no Xaman token, There will not be a Xaman token. We will not get involved in meme shit coin issuing." ⚠️🚨 WARNING 🚨⚠️There is NO Xaman token! There will not be a Xaman token. We will not get involved in meme shit coin issuing.We did NOT issue this.This is A FAKE MEME SCAM COIN. Do not engage.— WietseWind (🪝🛠 Xaman @XRPLLabs Wietse Wind, the founder of Xaman Wallet, formerly known as Xumm, clarified that he and his team have no connection to the so-called Xaman token, which is now trading on First Ledger. "We did not issue this," Wind said. Stressing the severity of the matter, he refers to the "Xaman" token as "a fake meme scam coin" and cautioned users not to engage with it in any way. 🔸 XRP community urged to be vigilant Scam tokens and fraudulent projects continue to pose a risk to the crypto community. As the XRP ecosystem grows, Wind’s warning highlights the need for vigilance. Community members are advised to verify information through official channels to protect themselves from potential scams. This is essential, as newly issued tokens continue to emerge on the XRP Ledger. This month, First Ledger, a new platform that allows users to trade and track tokens on XRPL, broke XRP Ledger's ATH for newly issued tokens per day, dwarfing the 2021 peak by magnitudes. In light of this, XRPL dUNL validator and cofounder of xrpcafe Vet issued a warning to the XRP community, urging them to be vigilant: "A ton of impersonators out there.I'll never release a meme coin.I'll never DM you. Stay vigilant." #XRP #Ripple
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📊 Cardano’s (ADA) Path to $5: Strong Support Levels Hold the Key Cardano’s ADA is trading at $0.33, almost 89% below its previous peak of $3.10. Market analysts believe that ADA’s future hinges on holding key support levels, particularly $0.443, which could trigger a bullish breakout. Cardano’s growing ecosystem and new collaborations, including those that integrate Bitcoin’s liquidity, make ADA’s 2025 potential look promising. $ADA could see strong growth in 2025, as long as it holds key support levels. Breaking past $0.443 could signal a bullish move.Projected range: $0.266 to $1.104Average target price: $0.685A strong year depends on staying above $0.443Stay focused on #Cardano key levels.— InvestingHaven Market observers have called ADA a “sleeping giant” with the potential for explosive growth next year. While currently valued at $0.33, ADA could see a strong upward trend if it maintains critical support. The $0.443 price is a crucial threshold. A break above this level could lead to a bullish movement toward $1 or higher, potentially resulting in a 200% gain. 🔸 Long-Term Outlook for Cardano: Can ADA Reach $5? Cardano’s positive 2025 outlook is further bolstered by ADA’s steady weekly position near the bottom of an ascending channel, which historically suggests upward momentum. While achieving a long-term target near $5 may seem far-fetched, the current positioning within the channel and robust network partnerships could fuel Cardano’s path to new heights. A key driver of Cardano’s potential is its recent partnership with BitcoinOS (BOS), providing ADA’s DeFi ecosystem access to Bitcoin’s vast $1.3 trillion liquidity pool. This strategic alliance, leveraging the Grail bridge, enhances interoperability between Cardano’s decentralized finance solutions and Bitcoin, creating new liquidity opportunities. Charles Hoskinson, Cardano’s founder, has called this alliance a significant development, saying that this integration could attract more investors and developers to ADAs DeFi space. #ADA #Cardano
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🔥 Dogecoin Hits 15% Gains, Eyes New 52-Week High Above $0.22 Dogecoin has surged by 15% as the meme coin market reaches a $62 billion market cap. A wedge breakout and a golden crossover indicate a potential buying opportunity, with $0.22 as a target. With the crypto meme coin segment hitting a market cap of $62.19 billion, the 24-hour trading volume skyrocketed to $9.79 billion. Amid the massive surge in the meme market, Dogecoin, which leads the segment, is witnessing a substantial price jump today. Currently, it is trading at $0.1646 and has achieved a market cap of $24.13 billion. As the eighth biggest crypto asset in the industry, Dogecoin spearheads the meme coin rally and teases a bull run similar to the 2021 era. 🔸 Dogecoin Rally Nears $0.17394 Resistance On the daily chart, Dogecoin displays a falling wedge breakout rally, gaining momentum. The price action reveals a bullish flat breakout rally that boosts trend momentum. This breakout rally has produced four consecutive bullish candles, resulting in a price jump of 28.72% from a 7-day low of $0.1275 to the current price of $0.1646. As bullish influence increases on the daily chart, the 100-day and 200-day EMAs have produced a positive crossover. Following this golden crossover, the crucial 50-day, 100-day, and 200-day EMAs are poised to align positively. Furthermore, the stochastic RSI shows an early positive crossover between the K and V lines. Thus, technical indicators and the breakout rally signal a buying opportunity for Dogecoin. Based on price action analysis, the meme coin is set to challenge the nearest resistance level at $0.17394. If Dogecoin surpasses this resistance, it will likely aim for the 52-week highest closing price of $0.2208, increasing the chances of a new 52-week high above $0.22899. #Doge #Dogecoin
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Solana (SOL) $180 Breakthrough Comes With a Big Warning Solana’s (SOL) price has reached $180 for the first time since July, igniting speculation that the altcoin might be set for an extended breakout. This upward momentum coincides with surging investor interest, but the question remains: will Solana reach $200? While traders eagerly anticipate this breakout, technical indicators suggest that a pullback may be imminent before SOL can continue its ascent. Solana Becomes Overbought After Impressive Hike One key indicator warning of a pullback for Solana is the Chaikin Money Flow (CMF), which measures buying and selling pressure on an asset. A decreasing CMF, especially during a price rise, signals weakening buying pressure. Conversely, a rising CMF during an upward trend indicates strong buying support. The CMF also reveals whether an asset is overbought or oversold. Typically, readings above 0.20 indicate an overbought condition, while readings below -0.20 suggest oversold status. In Solana’s case, the CMF recently hit 0.28, indicating that the upward price movement has received sufficient buying volume. However, this also suggests that buying pressure has overheated, leading to a potentially negative response to the question: “Will Solana reach $200?” The Money Flow Index (MFI) raises similar caution signals. Currently, the MFI has surpassed a reading of 80.00, confirming that SOL is overbought. If the reading were below 20.00, it would indicate oversold conditions. Given this outlook, Solana’s upward momentum could ease, potentially resulting in a short-term correction before another notable surge. On the daily chart, Solana’s price successfully retested the $180 mark after breaking out of an ascending triangle pattern. This breakout signaled a bullish trend, indicating that traders were eager to push the price higher. However, even though SOL could trade higher, the supply zone at $185 is likely to push the value down. The last time SOL hit $185, it faced a 30% correction and is yet to hit the mark again. #SOL #Solana
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🇺🇸 US Election Fuels Bitcoin Volatility as Options Traders Eye $80,000 Target Bitcoin traders are bracing for increased volatility as the U.S. election nears on Nov. 5, with estimates for price swings as high as 20%, according to data from DeFi derivatives platform Derive. “The latest trading analysis reveals some compelling insights into market dynamics as we approach significant financial events,” Derive founder Nick Forster told Decrypt on Monday. The data shows a high concentration of bets around an $80,000 Bitcoin strike price and a strong presence of short-term call sales, as traders use option premiums to prepare for possible price movements. Bitcoin briefly broke above $70,000 on Monday, hitting a level last seen in early June, before easing back down, according to CoinGecko. “The overwhelming dominance of calls being sold suggests a strategic premium collection by traders, while the focus around the $80,000 strike highlights a potential pivotal point for Bitcoin,” Forster said. In the last 24 hours, over 47% of options sold were calls, or bets on a price increase, with traders seeking to capitalize on “juiced premiums” due to election-related volatility, Forster explained. Volatility patterns across different expiration dates show traders are preparing for a bumpy ride ahead of next weeks but remain unsure about which direction prices might take. Americans will head to the polls to vote in the tightly contested U.S. presidential election between Vice President Kamala Harris and former President Donald Trump. Trump has, so far, promised more precise policy targeting crypto. Short-term volatility, reflecting expected price movements, is now outpacing long-term volatility, with a noticeable spike expected around election week, Forster added. The trend is underscored by a rise in volatility for options set to expire within seven days, signaling heightened sensitivity to upcoming economic and political news. #BTC #Bitcoin #uselections
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