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With the larger part of the cryptocurrency sector continuing to trade in the red, XRP is not an exception, recording declines on all of its observed charts and losing the support area at $0.50, and artificial intelligence (AI) algorithms see no end to its troubles by the end of the next month. Indeed, XRP has continued this year’s losing streak, declining over 20% since the year’s turn despite positive developments like Ripple launching its own stablecoin to compete with Tether (USDT) and Circle, the issuer of USD Coin (USDC), as well as forming a strategic alliance in Japan with HashKey DX. XRP price prediction Considering such a context, it is hardly a surprise that advanced algorithms deployed by crypto monitoring platform PricePredictions are pessimistic, setting the XRP price to hit a low target of $0.479024 by May 31, 2024, according to the data obtained by Finbold on April 30. Picks for you Investors adjust their bets on Fed's interest rate cut for 2024 5

The cryptocurrency market continues to navigate a period of sluggishness. Yet, a recent whale activity has injected a flicker of hope for XRP, the native token of Ripple. On Tuesday, a significant investor, commonly referred to as a whale, acquired a hefty 23 million XRP, sparking renewed interest in the embattled token. Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? Whale Movement: A Sign Of Shifting Tides? The purchase was identified by Whale Alert, a platform that tracks large cryptocurrency transactions. The tokens originated from a Binance exchange wallet, with the recipient address remaining undisclosed. However, the fact that the recipient was a Binance user suggests potential for further trading activity. This whale movement is seen by some analysts as a potential turning point for XRP. Historically, large-scale purchases by whales have often preceded price surges. However, some experts caution against overinte

The cryptocurrency market, renowned for its unconventional ventures, embraces WienerAI, a new contender that has amassed over $630,000 during its presale stage. This distinctive initiative merges artificial intelligence with dachshund traits, with a playful nod to sausages. Striving to transcend meme coin status, WienerAI aims to be more than just a meme coin and establish itself as a relevant player in the crypto market. WienerAI: An AI-powered crypto trading partner for beginners and beyond WienerAI melds artificial intelligence (AI) with cryptocurrency trading, creating a user-friendly platform tailored especially for beginners. By using predictive technology, their AI-powered trading bot analyzes markets through a simple interface to identify promising investment opportunities. This positions WienerAI as not merely a tool but as a future partner that enables users to leverage AI for profitable trading decisions. Additionally, WienerAI aims to foster a vibrant and cooperative c

SEC began investigtions into Ethereum as a security in March 2023. The regulator sent subpoenas and a Wells Notice to Consensys, a Ethereum development firm. The US Securities and Exchange Commission (SEC) has reportedly viewed Ethereum as an unregistered security for at least a year, FOX Business reported  on Monday . According to the publication, this consideration about ETH comes to light following court filings by Ethereum software developer company Consensys. The company, which sued the SEC last week amid investigations around the cryptocurrency, maintains that Ethereum is not a security. Consensys sued the SEC The Consensys team’s lawsuit filed in Texas accused the Gary Gensler led SEC of “overreach” in its regulation of the crypto space. The lawsuit also asked the court to declare ETH not a security . SEC’s Wells Notice to Consensys and an investigation against the Ethereum Foundation have been key events to unfold in the past few weeks. FOX Bu

Ethereum network fees plunged to a six-month low, suggesting altcoins may rally ”sooner than many expect,” said on-chain intelligence firm Santiment. Ethereum’s gas fees dropped to as low as $1.12 on Apr. 27, a decrease in network fees that might signal a market bottom, Santiment said in an April 28 post on X. “Traders historically move between sentimental cycles of feeling that #crypto is going ‘To the Moon’ or feeling that `It is dead,’ which can be observed through transaction fees,” it said. “With markets mainly retracing over the past 6 weeks, the lack of demand and strain on the network may help turn ETH and associated altcoins around sooner than many may expect.” NFT Traders Capitalize On Reduced Ethereum Fees Non-fungible token (NFT) traders have started to capitalize on the reduced network fees. In the last 24 hours, Ethereum recorded a 25% increase in NFT sales to more than $6.8 million.   Bitcoin recorded a 20% decline in such activity to $7.1 million during the sam

Bitcoin (BTC) is experiencing a sell- off from institutional investors, with outflow s from Bitcoin spot ETFs occurring for the third consecutive day. Meanwhile, the Depository Trust & Clearing Corporation (DTCC) will no longer provide collateral value for cryptocurrency-based exchange-traded funds (ETFs). Bitcoin has seen increased demand from institutional investors through the Bitcoin spot ETFs approved in February. Notably, these financial instruments registered massive capital inflows in the following weeks of approval, led by BlackRock’s (NYSE: BLK) IBIT. In the meantime, BTC reached a new all-time high of $73,805 on March 14, now retraced to $63,000. Picks for you Here is why Robert Kiyosaki believes the US economy is in depression 3 mins ago Worldcoin crypto eyes partnership with ChatGPT’s OpenAI and PayPal 17 hours ago Gold price outlook for May 2024 18 hours ago Bitcoin in ‘post-halving danger zone’; Here’s what it means for BTC 18 hours ag

It’s been a fruitful week for Ripple, as the firm recently challenged the SEC’s $2 billion penalty mark. The firm is now advocating for a fair $10 million penalty charge, directly contesting the SEC’s staggering demand. With Ripple slowly gnawing its way out of the SEC’s claws, the price of XRP is also expected to portray a recovering stance.  Also Read: Ripple XRP to Hit $1.4: Here’s When Ripple Weekend Price Forecast  Source – Watcher Guru Ripple is now extending and expanding its ecosystem to new levels. The platform has recently announced stablecoin development, which will help XRP onboard new users. “Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1 year of experience. 2/ regulatory footprint, 3/ a strong balance sheet, and 4/ a network with near-global payout coverage, to offer the best of crypto-enabled payments using XRP and our (future) stablecoin together.” Launching a stablecoin

SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million. Meanwhile, Bitbot, a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale. Let’s delve into the details of these developments. SEC’s charges against Geosyn Mining and its co-founders According to the SEC’s complaint, filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022. According to the U.S. SEC, the company allegedly misled investors by falsely claim

In the cryptocurrency space, people tend to follow the crowd, especially during price surges, leading to a herd mentality of buying based on others’ actions rather than fundamentals. Beyond the charts and algorithms lie the intricate workings of the human mind, shaping the ebb and flow of digital currencies . This article delves into the fascinating interplay between cryptocurrency and psychological behavior, shedding light on the emotions and cognitive biases that drive market movements. Fear of missing out and Fear of losing out At the heart of cryptocurrency trading lies many emotions, ranging from euphoria to despair. The fear of missing out (FOMO) often compels investors to jump on the bandwagon of trending coins, driven by the fear of being left behind as prices soar. Conversely, the fear of losing out (FOLO) can lead to panic selling at the slightest hint of a downturn, amplifying market volatility. Greed, another potent force in the crypto sphere, can cloud judgment and fuel

Ripple is one of the most talked-about tokens in the cryptocurrency market. XRP is currently experiencing a gradual price uptick. With new revelations being revealed concerning its case with the SEC, the price of XRP is now under strict scrutiny.  The current price scrutiny is compelling notable analysts to make relevant price predictions for XRP. Despite adapting to a slower pace this bull season, XRP may soon hit the $1 road as community sentiments towards the token remain strong and healthy.  Also Read: Halving Jitters: Can Ripple XRP Hit $0.75 By This Weekend? Ripple $1.4 Journey: When Can XRP Breach $1 Mark?  Source – Siam Per Egrag Crypto, a notable cryptocurrency analyst on X, took to X to share XRP’s current candlestick chart. The chart shows the token forming a “double bottom pattern,” signaling bullish trading momentum.  In trading analogy, a double bottom pattern refers to a reversal pattern that is bullish. It occurs at the bottom of a downtrend and po

The price of Hedera (HBAR) has surged dramatically in the short term, at one point experiencing triple-digit gains within the last 24 hours amidst alleged connections to the world’s largest investment firm, BlackRock (NYSE: BLK). The frenzy began when Hedera announced the token ization of BlackRock’s ICS U.S. Treasury money market fund in partnership with Archax and Ownera. However, despite Hedera’s announcement, some supporters misinterpreted the situation, believing that BlackRock had chosen Hedera to token ize its fund directly. The misunderstanding reached a fever pitch when the HBAR Foundation, the organization overseeing the Hedera network, shared an X (formerly Twitter) post that implied a direct partnership between BlackRock with a video fuelling further speculation, suggesting that the investment giant was actively involved in the venture. Picks for you Meta spends $8m lobbying as Congress passes TikTok ban 43 seconds ago Dogecoin set for potential surge a

In the crypto -verse wealth can materialize or vanish in an instant. MANEKI, a prominent token has been gaining global attention. It has become the latest protagonist in this unpredictable narrative. Amidst this frenzy, a trader emerges as the hero of the hour. The trader transformed a modest investment into a staggering fortune within hours. Armed with $110K and an astute eye for opportunity, a daring trader seized the moment with MANEKI. it showcases strategic prowess in navigating cryptocurrency ’s volatile waters. This particular trader’s journey culminates in a breathtaking $8.72 million windfall within a mere three hours. What distinguishes this trader is not just the magnitude of the latest success. Apart from this, the methodical approach they undertake certainly stands out. MANEKI’s price went on to surge right after the trade. However, the trader’s impeccable timing as well as precision came in handy. Riding the Rollercoaster of Cryptocurrency Fortunes This trade

As the trial of Avraham Eisenberg gets underway in the US, the legal credibility of decentralized finance (DeFi) as an autonomous financial system is at stake. Eisenberg is accused of fraud after extracting around $112 million from the Mango Markets protocol in 2022. The implications of the case are very different from the trial of Sam Bankman-Fried, which didn’t set any new precedents; fraud and money laundering are always illegal. Yesterday, during opening statements, Eisenberg’s lawyer argued that Mango Markets worked as designed and that Eisenberg simply “ executed a winning trading strategy .” This argument is often made in the wake of DeFi exploits and boils down to the controversial idea that ‘code is law.’ The defense points to the automatic liquidation system as evidence that users do not need to commit to paying back loans that are taken out on the platform. This argument implies that losses were instead caused by the platforms’ poor risk management, allowing the use

The protracted – and significant – crypto bull market, started in earnest in October 2023 with a major Bitcoin (BTC) rally, has already seen multiple meme coins, old and new, surge to new highs or, at least, strive to reclaim their previous highs. The climate brought forth a string of predictions that Dogecoin (DOGE), the oldest meme coin in existence, is about to rise toward and beyond $1. One crypto expert, known as Credible Crypto on YouTube and CrediBULL Crypto on X, only partially agrees with the bullish expectations and has, in fact, recently shared his strategy for shorting DOGE. Picks for you Ripple v. SEC court case update as of April 23, 2024 19 mins ago DODOchain pioneers an Omni Trading Layer3 blockchain fueled by Arbitrum and AltLayer 19 hours ago When is the next Bitcoin halving? 19 hours ago Has a 1% tax on Bitcoin holders been proposed by a U.S. Senator? 20 hours ago Indeed, the expert believes that Dogecoin is yet to prove an