A few analysts say Ripple’s XRP is preparing for an explosive price action. Steph, an analyst under the “StephIsCrypto” username, offers a bold, positive outlook for XRP, saying that a significant price rally is in the pipeline thanks to increased global liquidity. In a published analysis, Steph highlighted the token’s historical relationship with increased liquidity and structural patterns like the descending channel and the Bollinger Bands. According to Steph, these are the primary factors that set up XRP for a price ascent soon. At the time of writing, XRP was trading at $0.5052, up 0.5% in the last 24 hours, but sustained a nearly 2% rally in the last week, data from Coingecko shows. XRP And Its Relationship With Global Liquidity Higher global liquidity often favors Ripple’s XRP, fueling price rallies. In Steph’s analysis, a token’s liquidity, or the available cash flow across the market, traditionally helps XRP sustain price action in past cycles. Steph is now looking at the same trajectory, where global liquidity is increasing thanks to favorable policies from central banks. He cites the possible move of the Federal Reserve, which can introduce additional money into circulation, thus weakening the fiat currencies but creating more capital. Steph sees the token as a great investment when the liquidity surge happens. As Weighted Global Liquidity Index Moves Up, Riskier Assets Increase Steph’s thesis on XRP is also based on the Weighted Global Liquidity Index (WGLI) movement. The WGLI tracks the world’s money supply by looking at central banks’ balance sheets and other important financial statements. The analyst argues that the index reflects possible price movements of risky assets, like XRP. If the index trends upward, crypto assets tend to increase as well. According to the analyst, every XRP price surge happened immediately after an increase in the index. Currently, there’s a divergence between XRP’s price and the index. Although there’s an increase in global liquidity, XRP’s price appears stable. But for Steph, this setup acts as his bullish signal. Bollinger Bands Squeeze And Descending Channel Favor SRP According to Steph, even the Bollinger Bands and Descending Channel set up the altcoin for a favorable run. Since 2021, XRP has been trading in a descending channel, with multiple resistance price points and declining volumes. He pointed out that the asset’s Bollinger Bands are compressed. If the bands tighten in crypto, it suggests a probable price action. For example, XRP’s Bollinger Bands compressed in 2017, which was followed by the asset’s price rally. If the analysis and data trends hold true, the analyst expects XRP to trade at $14, translating to an increase of 2,670%. Featured image from Techopedia, chart from TradingView

Binance was accused of charging a high amount of fees for listings by Moonrock Capital CEO. The allegations have sparked a debate on centralized exchange rules within the community. A few days ago, the CEO of Moonrock Capital took to Twitter to allege Binance of charging high fees for listing. Following this, several prominent crypto members began discussing the issue bringing to the forum varied opinions. It also raised concerns for decentralized projects and their scope within centralized exchanges such as Binance and Coinbase. Recently, the co-founder and chief customer service officer of Binance, Yi He announced on her X account the nuances of Binance listings. This was in defense of the aforementioned allegations by Simon, the Moonrock Capital CEO. Yi He stated that if a project does not pass Binance’s screening process, then no amount of money can get a listing for it. Moreover, the co-founder also asked the community to proceed for DYOR at projects that were listed and whether they were expected to give a 20% share. Simon’s allegations included that a Tier 1 project waited in due diligence for a year to secure a Binance listing. Furthermore, he also stated that Binance demanded a 15% share of the project’s tokens. Secondly, Yi He also expounded on the exchange’s airdrop rules, that if a project has 20% of tokens it can still be listed on Binance. However, speculations remain on the different exchanges charging fees for listing. How is Community Response to Allegations Surrounding Binance? The community has seen widespread response to the issue in the last few days. Andre Cronje, the co-founder of 0xSonicLabs stated that Coinbase asked for payments but “Binance charged us $0”. Yi He also quoted his tweet within her response. Furthermore, another prominent market participant, Michael van de Poppe, founder of MNA Capital expressed his views. He stated that decentralized exchanges could attract more users due to such alleged rules. Other centralized exchanges such as Bybit and KuCoin have not commented on the issue. Highlighted Crypto News Today: How the Crypto Market Will React to the Fed’s November Rate Cut?

Doge2014, an ERC-20 token celebrating Dogecoin’s 10th anniversary, has raised over 600K via its ongoing pre-sale. Potential investors would enjoy bonuses, airdrops, and rewards before the pre-sale ends and the big burn event takes place. Doge2014 is offering everyone an opportunity to reap gargantuan gains and bonuses of up to 150% when they purchase this celebratory token at prices as low as $0.00013, notably lower than the official $0.000348. Doge2014 introduces the VIP category for investors looking to make higher gains. To become one, they must purchase $1000 or more worth of $Doge2014. In addition, they will also get free Dogecoin airdropped to their wallet at the end of the pre-sale—the more $Doge2014 they buy, the more free DOGE they receive. The Big Burn Event According to the team, a big token burn event is scheduled to take place after launch. Over 50% of the total $Doge2014 supply will be burned. This will drive the token price, offering investors greater returns on investments (ROI). Exchange listings on some of the top crypto exchange platforms are underway with details to be announced soon. While the Doge2014 pre-sale promises over 167% in ROI upon launch, this token burn event will promote scarcity, increase token demand, and drive the token’s value vertically. Huge Rewards for VIP and Regular Investors To become a VIP, an investor must buy $1000 or more worth of $Doge2014. Those who purchase below the mark are regular investors and stand to enjoy bonuses and gains as well. VIPs that buy $1000+ worth of $Doge2014 at the price of $0.00021 will receive 4.6+ million coins and a 60% token bonus. A $5K purchase at the price of $0.00017 will receive 29+ million coins and a 100% token bonus. Finally, if an investor buys $10k+ worth of this token, they will receive 73+ million coins and a 150% token bonus for the lowest price of $0.00013. VIPs will buy $Doge2014 at a significantly lower price than the official launch price of $0.000348, therefore guaranteeing instant profit upon launch. VIPs will receive free DOGE airdrops once the pre-sale ends. Regular investors, however, are not left out; they will receive 20% to 30% bonus tokens, depending on their purchase. Additionally, they can stake $Doge2014 to earn passive income. According to the team, one lucky VIP will win a cash prize between $500 to $5000 each time a $100k milestone is reached. The first winner won $850 and the next one will be picked once 700K is raised, and this could happen soon. Get in early before the presale ends and the big burn takes place. About Doge2014 Doge2014 is an ERC-20 token designed to commemorate the 10th anniversary of the famous Dogecoin. Like its predecessor, this celebratory token is offering investors an opportunity to record huge ROI immediately after launch. With a staking program, VIP giveaways, bonuses, and airdrops, Doge2014 promises huge gains for all investors—VIPs and regulars. Media Contact Company Name: Doge2014 Contact Person:! Lawrence Oakland, Marketing Director Company website: https://doge2014.io Company Email: [email protected] Social Contact X: https://twitter.com/Doge2014token Telegram: https://t.me/officialdoge2014token Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The Fed’s interest rate decision on Nov 7 is highly anticipated, with a 98.9% chance of a 25 basis-point cut. The Fed’s decision could significantly spark a rally in the crypto market, with BTC currently trading in the $69K zone. The cryptocurrency market gears up for a crucial week; all eyes are on the upcoming FOMC interest-rate decision from the US Federal Reserve—set for November 7. This announcement is highly anticipated, as it could significantly impact market sentiment and outline the future of Bitcoin (BTC) and other altcoins. Current predictions signal a 99.9% chance of a 25 basis-point rate cut (4.50%-4.75%)—which many believe would inject some much-needed optimism into the crypto market. (Source: CME FedWatch Tool) Following a half-point cut in September, the Fed, led by Chair Jerome Powell, is expected to lower its benchmark rate to around 4.6%. Economists are also predicting another cut in December, with further reductions likely next year. This shift reflects a broader strategy to support consumer spending and investment. Even as the economy shows flexibility, it maintains a robust growth rate and low unemployment at 4.1%. The Fed has set an inflation target of 2%—focusing on maintaining price stability in the economy. Currently, year-over-year inflation has eased to approximately 2.4%, nearing this target. This decline in inflation suggests that the Fed may no longer need to keep interest rates elevated, as excessive borrowing costs could stifle economic growth. Impact of the Presidential Election on the Fed’s Decision The Fed’s decision on a rate cut comes after Tuesday’s presidential election, where candidates Kamala Harris and Donald Trump are virtually neck-and-neck in opinion polls. The outcome may take a day to confirm. Regardless of who wins, analysts suggest that the Fed’s move to reduce interest rates could have wide implications for the economy. This decision could also significantly impact the crypto market. (Source: PolyMarket) Current opinion polls show Democratic candidate Kamala Harris and Republican Donald Trump nearly tied. Experts believe Trump’s policies on tax cuts and tariffs could drive inflation higher. Additionally, these policies may lead to increased bond yields and a stronger dollar. In contrast, Harris is viewed as a candidate for continuity. Despite recent political disruptions, traders are cautiously optimistic, buoyed by the latest US job report, which has solidified expectations for the forthcoming rate cut. Historically, lower interest rates tend to encourage a risk-on approach among investors, often benefiting assets like Bitcoin and other cryptocurrencies. Currently, the global crypto market is showing a slight uptick of 0.37%. The total valuation stands at $2.3 trillion, with Bitcoin trading in the $69K zone. As we are in the final quarter of the year, there’s a sense of anticipation that Bitcoin may replicate its historical performance. That potentially triggers a positive trend for altcoins as well. With so much riding on the Fed’s decision, this week promises to be crucial for all market participants. Highlighted Crypto News Today Trader Bets on Kamala Harris Despite Trump’s Pro-Crypto Support

Panama City, Panama, November 4th, 2024, Chainwire Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024. This year’s competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year. The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action. US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024. Competition Highlights: Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws. Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.com. Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products. Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand. Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies. Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills. Competition Rules and Rewards: Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC. Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand. Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily. Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC. Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing! Key Details: Prize Pool: 200,000 USDC. Registration Period: October 23rd – December 9th, 2024. Competition Period: November 4th – December 9th, 2024. Registration Link: https://t.signalplus.com/activities/deribit Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today! About Deribit Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards. For more information: Official Website | Twitter | Linkedin | Telegram | About SignalPlus SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading. Contact Head Of Retail Sidrah Fariq Deribit [email protected]

Speculations about the Bitcoin bull market being over have been rife in the crypto market, particularly as the price has failed to reach its March all-time high of above $73,000. Providing a more compelling case to this narrative, a crypto analyst has released a Bitcoin bear case scenario that could see the pioneer cryptocurrency decline to $28,000. Bitcoin Bear Case Unveiled In an X (formerly Twitter) post, crypto analyst and Position trader Bob Loukas revealed a “Bitcoin bear case,” unveiling a more unorthodox and bearish scenario for Bitcoin than most analysts have suggested. Basing his bearish scenarios on the cycle theory, Loukas proposes that Bitcoin might be part of the broader 16-year cycle, with the current market marking the final four-year phase of this cycle. The analyst suggested that this four-year phase could end in two ways — a distribution phase, where prices peak and then decline, or an upward phase, where Bitcoin experiences one last upsurge before a downturn begins. Loukas has revealed that while cycle trends can help predict or provide insights into a cryptocurrency’s future price movements, he emphasizes that “no power law” guarantees that an asset’s price will continually go up. The analyst aims to desensitize investors into believing Bitcoin will forever be bullish with no downturns. He asserts that a bear cycle is inevitable at some point, though the timing remains uncertain. Loukas pinpointed specific price movements in his Bitcoin chart that could serve as a bearish signal, suggesting a potential downturn. The analyst predicts that Bitcoin could drop to new lows around $28,500 by 2026. He also forecasted that after a period of volatility consisting of price declines and surges, the cryptocurrency could rise again to $59,500 by 2027. For more clarity, Loukas has proposed a narrative, suggesting that if Bitcoin were to close below the 10-month Moving Average (MA) during a “bull market,” it would be a cause for concern. Similarly, a monthly close below the $58,800 mark could indicate the start of a potential downward spiral. The crypto analyst has estimated a 10% to 15% chance of this bearish scenario occurring, emphasizing that it was a possibility and not a certainty. He clarified that while he believes the current market cycle leans towards a more bullish scenario based on historical evidence, he always considers alternative scenarios. This approach is likely due to the crypto market’s inherent unpredictability and notorious volatility. Analyst Sees Retail Activity Fueling A BTC Downtrend While unveiling his Bitcoin bear case scenario, Loukas disclosed that broader interest in cryptocurrencies outside of Bitcoin has faded significantly. He revealed that there is a lack of new retail investors, and this weakening enthusiasm could pose a serious challenge for Bitcoin to generate new capital for growth. According to Loukas, retail investors’ disinterest may stem from a shift in sentiment. Embracing cryptocurrencies has dwindled to mere speculation, and fewer people believe in their transformative potential.

A $5M USDC withdrawal from Binance suggests a significant bet on Kamala Harris. Analysts link the move to crypto influencer cryptoleifeng. A crypto whale withdrew $5 million in USDC from Binance just 12 hours ago, making waves in the market. The funds are intended for a high-stakes bet on Kamala Harris winning the U.S. presidential election. Analysts quickly linked this significant move to crypto influencer cryptoleifeng, adding intrigue. While most crypto enthusiasts back Donald Trump as the pro-crypto candidate, this bet challenges that trend. The U.S. election has already impacted crypto market dynamics. On Polymarket, Harris’s odds increased from 33% to 44%, while Trump’s odds fell from 66% to 56%. This shift suggests changing perceptions, possibly influenced by voter sentiment and political developments. The unexpected USDC transaction could be a strategic response to these shifting odds. Election Uncertainty Fuels Crypto Market Volatility Pseudonymous trader Daan Crypto Trades highlighted the election’s potential effect on Bitcoin. In a Nov. 4 post, he noted that the current weekly Bitcoin candle is not ideal but that this might not matter given upcoming events. He predicted a probable 10% price move in either direction, dependent on who wins the election. This analysis emphasizes how political outcomes could drive significant market volatility. Cryptocurrency prices have shown a cautious stance ahead of the election, mirroring the uncertainty. Investors remain attentive, expecting potential policy changes to impact future market conditions. A Harris win could mean different regulatory moves compared to Trump’s more crypto-friendly approach. This divergence raises questions about the future of digital assets under changing leadership. The $5M USDC withdrawal and Harris bet underscore the intersection of politics and crypto investments. Traders view elections as key triggers for economic and regulatory shifts. These developments reinforce the importance of understanding the political impacts on the cryptocurrency market. The outcome of the U.S. election will play a crucial role in shaping near-term market trends, making this story vital for anyone tracking the intersection of finance and politics. Highlighted Crypto News Today Ripple (XRP) Turns Bearish After Recent Attempt to Break Resistance

Bitcoin continued to trade at $69K, marking a brief gain of 0.79% in the last 24 hours. Historically, BTC has tended to dip before U.S. elections due to political uncertainty. The U.S. presidential election of 2024 might impact the cryptocurrency market. Donald Trump assured that the US would evolve as a global crypto leader and likely establish a national Bitcoin reserve. Trump’s victory and pro-stance in crypto could lead to a surge in crypto prices. Whereas Kamala Harris has taken a cautious approach toward crypto. Harris has remained silent on crypto often but hinted at policies that could balance the regulations. However, Bitcoin’s price seems to move in sync with the election odds. An analyst noted that if Trump wins, it could boost Bitcoin, as markets expect crypto-friendly policies. On the other hand, Kamala’s victory might weigh on Bitcoin, with regulatory crackdowns. As per analyst analysis, the U.S. election is bullish for Bitcoin, yet BTC experienced a certain dip. In 2016, Bitcoin dropped by 10.2%, and in 2020 by 6.1%. This pre-election plunge doesn’t invalidate the bullish momentum, as election results and policies tend to lift Bitcoin. Notably, the BTC bears are restraining the bulls from making the move. The recent bullish outlook is diminishing, and Bitcoin is at a crucial juncture, with its price positioned at $69K. Over the last 24 hours, the BTC price recorded a 0.79% gain. BTC climbed from a low of $67,482 to a high of $69,433. At press time, BTC traded at $69,081, as per CMC data. Consequently, BTC stays in the greed zone as the Fear and Greed Index stays at 70. What’s Ahead for BTC Price? Inferring the four-hour BTC price chart reveals the possibility of a downside correction. If the asset fails to hold its ground around $68.5K, analysts predict a steady decline below $68K. This price zone appears to be crucial for BTC. On the flip side, if the Bitcoin price breaks the nearby resistance at $69.4K, BTC could rally toward the $69.9K range. Besides, Bitcoin’s four-hour technical indicators displayed the asset’s brief negative momentum. The Moving Average Convergence Divergence (MACD) line is located beneath the signal line, signaling the incoming bear run. BTC chart (Source: TradingView) Moreover, it’s pivotal to note that the Chaikin Money Flow (CMF) indicator is at -0.13, suggesting a decreased money flow. Meanwhile, BTC’s daily trading volume has reached $33 billion, surging by over 42%. The current market sentiment of Bitcoin is neutral, as the daily relative strength index (RSI) is sitting at 45.90. The asset’s daily frame displays the short-term 50-day MA above the long-term 200-day MA. Highlighted Crypto News Ethereum Price Drops Further Amid Surging Market SellOffs

Morgan faces 18 months for laundering $6 billion in Bitcoin. Husband Ilya Lichtenstein admits to being the original hacker in this case. Heather Morgan, known in the music world as “Razzlekhan,” is set to be sentenced on November 15 for her involvement in laundering 120,000 bitcoins stolen from Bitfinex during a 2016 hack. Prosecutors have requested an 18-month prison term for Morgan, who pleaded guilty in August 2023 to one count of conspiracy to commit money laundering and one count of conspiracy to defraud the United States. Each charge carries a maximum penalty of five years in prison. Morgan’s husband, Ilya Lichtenstein, admitted to being the hacker responsible for the breach and has also pleaded guilty to money laundering charges, which could result in a sentence of up to 20 years. Although Morgan was not directly involved in the initial hack, prosecutors contend that she later assisted Lichtenstein in laundering the stolen funds, making her an accessory to the crime. Moreover, prosecutors acknowledged Morgan’s early acceptance of responsibility and cooperation with law enforcement in their sentencing recommendation. They suggest that these factors warranted a more lenient sentence. They noted that she had spent little of the laundered funds and had been “thrust into the middle of a serious criminal scheme” without prior knowledge of her husband’s actions. However, they also highlighted her attempts to obstruct justice during the investigation, including the disposal of evidence. And efforts to conceal her actions when law enforcement executed a search warrant at their residence. $6B Worth Of BTC Should Be Returned In addition to prison time, prosecutors are seeking restitution from Morgan. They asks the court to order her to return approximately 94,643 BTC and other cryptocurrencies. It is valued at more than $6 billion, that were seized from the hack wallet. This request underscores the significant financial implications of the case for both the victims and the legal system. As Morgan awaits her sentencing, the case continues to draw attention within the cryptocurrency community. It highlights the challenges of regulating digital assets and the legal consequences of financial crimes. Highlighted News Of The Day Ethereum Price Drops Further Amid Surging Market SellOffs

Ethereum has factored in a modest price increase of 0.54% in the last 24 hours. The altcoin has failed to show significant price movements after the August market crash. The cryptocurrency market has reverted to the month-beginning lull similar to previous cycles. After a brief attempt on Saturday to overcome price consolidation, the market hasn’t shown much action in the last 24 hours. Meanwhile, the US crypto landscape is awaiting intriguing actions as external factors stand lined up that have previously influenced prices such as FED rate cuts and the US elections. The leading altcoin, Ethereum, continued its price descent over the weekend, hitting key support levels at $2,400. Although in the last 24 hours, ETH has experienced a modest price increase of 0.54%, the token still remains at the $2.4K level. The past day’s price cycle began at the $2,452 level and rose to $2,470. According to CMC data, Ethereum was trading at $2,460 at the time of writing. On the other hand, the cryptocurrency’s daily trading volume has surged by 26.31%. Moreover, the cryptocurrency has seen major selloffs over the past few days as depicted by the RSI standing at 43.77. Additionally, prominent crypto trader Wintermute also made a major ETH movement a few hours ago. According to reports from the Data Nerd, an on-chain detective, Wintermute has deposited 29,317 ETH worth $71.85 million into Binance. This has reduced his current ETH holdings to 4,921, as per Arkham Intelligence data. What Can Traders Expect from Ethereum Price Actions? Market analyst Ali known as @ali_charts analysed a recent risk-to-reward ratio for ETH. The analyst’s X post shows a ratio ranging from a risk ratio of $1,880 to a reward value that stands at $6,110. The values suggest a major capital influx in case of a bull run and simultaneously a tremendous loss of capital. ETH/USDT Daily Price Chart (Source: TradingView) Secondly, Ethereum’s short-term 9-day MA stands below the long-term 21-day MA indicating the existing bearish trend in the market as per TradingView data. Additionally, the cryptocurrency has also been experiencing increased volatility as depicted by its RVI values. Meanwhile, other cryptocurrencies such as Solana and Bitcoin have shown modest price increases in the past day. Highlighted Crypto News Today: Ripple (XRP) Turns Bearish After Recent Attempt to Break Resistance

In an analysis shared on X, popular crypto analyst Gum (@0xGumshoe) is projecting that Solana (SOL) could ascend to $500 by the conclusion of this bull run. This bullish forecast hinges heavily on the outcome of the US presidential election, slated for November 5th, and the potential policy changes that could follow. Solana Price Prediction For This Bull Run @0xGumshoe initiated his forecast with a bold declaration: “SOL TO $500. The upcoming US elections will affect SOL more than any other token. Here’s why I’ve changed my price target.” Delving into the potential scenarios, @0xGumshoe examined the implications of both possible election outcomes—whether Kamala Harris secures the presidency or Donald Trump returns to office. Each scenario presents distinct pathways for Solana’s trajectory. In the event of a Kamala Harris victory, @0xGumshoe anticipates a mixed impact on Solana. He noted, “BTC and SOL have outperformed during Biden/Harris,” pointing especially to the performance of the past year under the current administration. The approval of the spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) during the Biden/Harris tenure is highlighted by the analyst as a positive factor that could continue to benefit Solana. Additionally, Harris’s supposed commitment to a “less aggressive stance towards crypto” regulation suggests a more favorable environment for the growth of Solana. However, @0xGumshoe also cautioned about potential challenges under a Harris administration. He remarked, “Less regulatory clarity” and a potential new term for SEC Chair Gary Gensler could complicate things for Solana. Furthermore, the possibility of a spot Solana ETF facing rejection and an increase in Bitcoin dominance might overshadow altcoins. Conversely, @0xGumshoe presented a more bullish outlook if Donald Trump wins the election. He asserted, “A Trump win will send Solana to ATHs as the market realizes a SOL ETF will be coming.” The analyst emphasized that unlike Bitcoin and Ethereum, Grayscale is unlikely to offload significant amounts of Solana, which could help sustain its price. Additionally, the analyst points to the possibility of establishing a Bitcoin Strategic Reserve and the departure of SEC Chair Gary Gensler as bullish catalysts for SOL. However, a Trump victory could also have downsides. @0xGumshoe acknowledged that “higher inflation could eventually end the cycle like in 2021.” Furthermore, he noted Trump’s inherent volatility, stating that the former president “may not do what he promised,” which introduces an element of unpredictability to the projections. In light of these scenarios, @0xGumshoe revised his selling targets for Solana. Previously advocating for a $300 sell target, he now contemplates a higher threshold of $500, contingent upon a Trump win and an increase in macro liquidity. He explained, “If we pair up a Trump win and increase macro liquidity, I will instead sell over time for as long as I believe we hit $500.” The rationale behind the $500 price target is anchored in Solana’s fully diluted valuation (FDV). @0xGumshoe articulated, “At that price, Solana would have a $291B FDV which would put it at the current ETH market cap.” He views this valuation as a significant benchmark, suggesting that Solana’s price could approach Ethereum’s market capitalization unless there is a substantial influx of investments through ETFs, which could propel the token beyond this threshold. Under the Harris administration, @0xGumshoe’s price target for Solana remains at $300. @0xGumshoe concluded his analysis by advising caution, stating, “The elections alone are not enough to predict tops for Solana so take this with a grain of salt. Whatever happens, it is quite obvious that SOL will go far higher with Trump than Harris.” At press time, SOL traded at $161.

The cryptocurrency market is teeming with developments as top coins like Solana, BNB, Cardano, and BlockDAG display notable advancements and dynamic pricing. These cryptocurrencies each bring unique benefits to the table, potentially boosting a well-rounded investment portfolio. Solana is actively expanding its ecosystem, BNB remains a core component of the Binance exchange, and Cardano continues to progress in its decentralization. Meanwhile, BlockDAG stands out due to its strong presale performance and recent technological improvements, marking it as a significant player in the market. 1. BlockDAG: Rapid Rise in the Crypto World BlockDAG (BDAG) has been making headlines with its revolutionary blockchain technology, designed to offer scalability and swift transactions, positioning it among the top cryptocurrencies to consider purchasing. Currently in Batch 25 of its presale, BlockDAG has raised over $111 million, drawing attention from both individual and institutional traders due to its decentralized framework. Its recent testnet launch underscores the capabilities of its Layer 1 blockchain, enabling the minting of BDAG coins and experimentation with smart contracts, invigorating its community. Furthermore, BlockDAG’s ongoing promotional offer of a 100% bonus with the code ‘BDAG100’ effectively doubles the gains of early participants, enhancing its appeal. Priced at $0.022 with a remarkable 2100% surge and 14.6 billion coins sold, BlockDAG is gearing up for its mainnet release, making it a compelling option that could rival established giants like Solana and Kaspa with its combination of high-speed transactions and a robust ecosystem. 2. Solana: Expansive Ecosystem Development Solana’s ecosystem is rapidly expanding, currently hosting over 400 projects, which has elevated its position as one of the top cryptos to buy. Its recent partnership with Dubai’s DMCC crypto center underscores its commitment to broadening its influence, particularly in the Middle East, fostering blockchain innovation in the region. With ETFs showing increased institutional interest, Solana’s valuation could climb if it maintains its blockchain efficiency. Priced at $168, Solana presents itself as a valuable long-term growth asset. 3. BNB: Central to Binance’s Operations BNB remains crucial to Binance’s operations, offering trading discounts and facilitating transactions within the ecosystem. The coin’s recent engagements, including an incubation event linking new projects with potential investors, spotlight its innovative approach. With the BDAG100 bonus and minimal withdrawal fees on associated platforms, BNB is trading at $577, suggesting its readiness for potential upward trends, reaffirming its status as a top investment choice. 4. Cardano: Advancements in Governance Cardano distinguishes itself with the recent implementation of the Chang hard fork, enhancing governance that allows ADA holders more influence over network updates, pushing it toward fuller decentralization. Cardano continues to grow, introducing AI-driven projects like Atua AI to optimize efficiency. Despite a current price of $0.35 facing downward pressures, Cardano’s dedication to research-based development keeps it in the lead as a significant crypto player. Key Insights Solana, BNB, Cardano, and BlockDAG each offer unique advantages, positioning them as leading cryptocurrencies in the current market. BlockDAG is gaining traction with its expanding community and rapid transaction capabilities, Solana is broadening its network, BNB is centered on utility, and Cardano is enhancing its governance model. Looking ahead to 2025, the ongoing development of these coins suggests they will remain attractive to traders keen on the dynamic shifts within the cryptocurrency landscape. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

In the crypto market, Ripple (XRP) and Polkadot (DOT) have historically been heavy hitters. However, 2024’s final quarter presents them with new challenges and competitors. traders in XRP are showing signs of discontent as the unresolved lawsuit impacts its market value. Polkadot has also updated its ecosystem to enhance scalability, but the market’s reaction has been tepid, showing a mere 1.02% increase in its price post-update. In contrast, BlockDAG (BDAG) presents a compelling narrative. Those who participated in the 25th batch of its presale are now reveling in a monumental 2100% ROI, with the venture amassing $111 million in capital. XRP Lawsuit Update: CEO Requests Court Resolution Ripple’s CEO, Brad Garlinghouse, has made a significant move by seeking a final judgment in the ongoing class action lawsuit involving XRP. This step aims to resolve specific disputes quickly, allowing the company to concentrate on its broader legal battle with the SEC. Should the court approve this motion, it would temporarily suspend individual state law claims, thereby reducing Ripple’s legal complexities until the main case is settled. However, the uncertainty surrounding the lawsuit has slightly impacted XRP’s market price, causing some traders to consider alternative options. Polkadot’s Latest Upgrade Receives Muted Response Polkadot recently rolled out its “Join Accumulate Machine” (JAM) upgrade, intended to enhance scalability and improve connections across its network. Despite these improvements aimed at facilitating smoother data transmission and better interoperability, the upgrade has not stirred much excitement among traders. Following the upgrade, Polkadot’s price increased marginally by 1.02%, with the token now trading at $4.16. However, analysts have pointed out that Polkadot continues to trade below crucial Simple Moving Averages on its DOT/USDT chart, indicating potential for further price declines. A critical support level at $3.83 looms if the current trend continues. BlockDAG’s Phenomenal Growth: A Closer Look Investing in cryptocurrency should not feel like an uphill battle or navigating through unclear paths. While Ripple and Polkadot grapple with legal issues and moderate trader interest, BlockDAG’s transparent and direct strategy is gaining traction among users. BlockDAG expertly merges blockchain with Directed Acyclic Graph (DAG) technologies, addressing common blockchain problems and achieving an optimal mix of speed, scalability, and security. The presale figures are as impressive as the technology itself. Since its inception a few months back, BlockDAG has successfully raised $110 million, sold more than 14.7 billion coins, and expanded its community to over 170,000 unique holders. Those who participated in the first batch have experienced a phenomenal 2100% return, underscoring the importance of timing. As interest in its technology and returns grows, the development of BlockDAG’s mainnet is picking up speed. Top-tier exchanges are gearing up to list the BDAG coin following the presale, looking forward to adding it to their portfolios. Significant traders, including large-scale buyers, are actively joining, with some individual purchases exceeding $3 million. Meanwhile, the retail trader base is also expanding, with thousands of new participants joining daily. For traders considering getting in on the presale, now is an opportune moment. In response to robust demand, BlockDAG has launched the BDAG100 bonus, which doubles the number of coins with each purchase. This offer, however, is available for a limited time only—providing an excellent chance to maximize returns just as the market anticipates a surge in the coin’s value. The Best Time to Jump in BlockDAG? Now! With Ripple’s CEO requesting a swift resolution to the XRP lawsuit and Polkadot’s recent upgrades failing to excite the market, traders of these coins are left anticipating better returns. Meanwhile, BlockDAG’s straightforward and lucrative path has attracted over 170,000 participants. With a limited-time 100% bonus offer on presale purchases, now is an ideal time for traders to act and capitalize on potential explosive price increases. Learn About BlockDAG – Act Now Before Prices Increase: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

BlockDAG is making waves in the blockchain scene, aiming to match up with big names like Ethereum and Solana by solving key problems in the crypto world such as scalability, speed, and decentralization. Ethereum is known for having a high Total Value Locked (TVL), showing its strength in decentralized finance (DeFi). Solana’s ecosystem is packed with a variety of applications and games, thriving in its sector. BlockDAG (BDAG) is stepping up to meet these same needs but with improved solutions. By mixing blockchain with Directed Acyclic Graph (DAG) technology, BlockDAG is developing a quick platform, that can handle a lot of activity, and keeps things decentralized, merging proven methods with new possibilities. Ethereum and Solana Are Trend Setters Ethereum and Solana stand out in the blockchain world, each bringing something special to the table. Ethereum’s TVL shows the high value it holds within DeFi applications, attracting billions of dollars which highlights the trust and liquidity it offers. Its wide-ranging DeFi ecosystem lays a strong foundation for countless decentralized applications (dApps) and has attracted a large following of developers, investors, and regular users. Yet, Ethereum’s growing popularity also brings challenges like increasing transaction fees and network congestion. The launch of Ethereum 2.0 seeks to fix these problems, but there’s still a need for faster solutions. Solana offers a different take on scalability with its high-speed, low-cost setup that has made it a standout for tasks needing quick transactions, especially in gaming and NFTs. The Solana ecosystem is vibrant, and packed with applications and services that enjoy its fast and efficient setup, making it a go-to for projects that handle lots of transactions in real-time. However, the structure of Solana’s network has come under fire, particularly regarding its stability. BlockDAG’s Modern Fusion: Merging Blockchain with DAG BlockDAG’s strategy uniquely merges the decentralized nature of blockchain with the efficiency of Directed Acyclic Graph (DAG) technology. This approach is designed to manage large numbers of transactions economically. The architecture offers several benefits: it scales like Solana’s fast system, secures transactions as reliably as Ethereum, and avoids the common traffic jams that slow down networks. Essentially, BlockDAG delivers the best of both worlds, meeting the growing needs of blockchain users and paving the way for significant expansion. A critical test for BlockDAG was its recent testnet phase, which effectively showed that the system could support heavy transaction loads without the typical delays that affect networks like Ethereum during busy periods. Participants in the test noted the fast transaction times and the system’s stability, enhancing trust that BlockDAG’s framework could compete with Ethereum’s Total Value Locked (TVL) growth and keep pace with Solana’s rapidly growing ecosystem. With its blend of blockchain and DAG technologies, BlockDAG is developing a flexible infrastructure that can grow to meet future demands. Mapping BlockDAG’s Future: Key Steps to Mainnet Test Phase BlockDAG has laid out a clear roadmap with important steps toward entering the mainnet test phase. After a successful presale that raised over $109 million, BlockDAG is now focusing on growing its community and forming partnerships to meet its objectives with solid financial support. Here’s a breakdown of what’s ahead: Refining the Testnet: Having completed the testnet phase, BlockDAG is now refining its network. This stage includes tweaking the system based on feedback from users to make sure it is robust and easy to use. Test phase of the Mainnet: The test phase of BlockDAG’s mainnet is a crucial next step. This phase is critical: BlockDAG must demonstrate its ability to handle large-scale operations, fast transactions, and real-world applications. The mainnet will fully enable users to utilize DeFi applications, NFTs, and other decentralized applications that are thriving within the Ethereum and Solana environments. Expanding Through Partnerships: Once the mainnet is active, BlockDAG plans to broaden its network by partnering with existing DeFi and NFT platforms. Its infrastructure, comparable to Ethereum’s capacity and Solana’s speed, positions BlockDAG as an attractive platform for developers seeking a versatile and efficient alternative. Engaging the Community: An example of BlockDAG’s community engagement is the TG Tap Miner game, where players earn Tap Points that can be converted into BDAG coins. This not only draws people into BlockDAG’s ecosystem but also builds a dedicated group of supporters. Initiatives like these are crucial for fostering a loyal user base that will promote broader adoption. Focusing on Diverse Buyers: The success of BlockDAG’s presale, which included a 100% bonus, has effectively drawn both casual traders and institutional buyers. BlockDAG continues to appeal to a wide range of backers, ensuring a strong community that provides the necessary financial support and presence to maintain momentum on its roadmap. BlockDAG’s Competitive Edge in the Blockchain Domain Ethereum currently dominates blockchain finance with its high Total Value Locked (TVL), and Solana is renowned for its rapid application performance. However, BlockDAG is set on combining the best of both worlds. Its strategic roadmap recognizes the shortcomings in both the Ethereum and Solana platforms and proposes a solution that offers Ethereum’s robust stability alongside Solana’s operational efficiency. If BlockDAG’s mainnet matches the success of its testnet, it has a solid chance to rival Ethereum’s TVL and establish itself within the Solana ecosystem as a formidable alternative. BlockDAG aims to be more than just another blockchain; it seeks to establish a scalable foundation that adapts to user needs without losing the decentralized, secure essence that defines blockchain technology. Through this approach, BlockDAG aspires not only to compete with Ethereum and Solana but also to enhance their offerings, possibly marking itself as a key player to watch in the future. With the finalization of BlockDAG’s mainnet on the horizon, anticipation within the crypto community is palpable. The success of BlockDAG could herald a new era in blockchain technology, where scalability and decentralization successfully coexist. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses. DOGE price started a fresh decline from the $0.180 resistance level. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1550 and $0.1580 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a fresh decline after it failed to clear the $0.180 resistance like Bitcoin and Ethereum. DOGE declined below the $0.1720 and $0.1650 support levels. The price even declined below $0.1550 before the bulls appeared. A low was formed at $0.1422 and the price is now attempting a recovery wave. There was a move above the $0.150 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low. Dogecoin price is now trading below the $0.1550 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1550 level. The next major resistance is near the $0.1580 level. There is also a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair. A close above the $0.1580 resistance might send the price toward the $0.1600 resistance. Any more gains might send the price toward the $0.1650 level or the 61.8% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low. The next major stop for the bulls might be $0.1720. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1550 level, it could start another decline. Initial support on the downside is near the $0.1480 level. The next major support is near the $0.1420 level. The main support sits at $0.1400. If there is a downside break below the $0.1400 support, the price could decline further. In the stated case, the price might decline toward the $0.1320 level or even $0.1300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1480 and $0.1420. Major Resistance Levels – $0.1550 and $0.1580.

XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance. XRP price is eyeing a decent increase above the $0.5120 zone. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5120 resistance zone. XRP Price Eyes Steady Increase XRP price extended losses below the $0.5050 support zone. The price even declined below $0.5020 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4921 and the price started a fresh increase. There was a move above the $0.4980 and $0.500 resistance levels. It cleared the 23.6% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5080 level or the 50% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. The first major resistance is near the $0.5120 level. The next key resistance could be $0.5160. A clear move above the $0.5160 resistance might send the price toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance or even $0.5350 in the near term. The next major hurdle might be $0.550. Another Decline? If XRP fails to clear the $0.5080 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4920 support in the near term. The next major support sits near the $0.4880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5080 and $0.5120.

Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone. Ethereum started a fresh decline from the $2,650 resistance zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,500 and $2,550 resistance levels. Ethereum Price Takes Hit Ethereum price struggled to stay above $2,550 and started a fresh decline like Bitcoin. ETH declined below the $2,520 and $2,500 levels. It tested the $2,420 support zone. A low was formed at $2,411 and the price is now attempting to recover. There was a move above the $2,450 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,582 swing high to the $2,411 low. Besides, there was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,500 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,500 level and the 50% Fib retracement level of the downward move from the $2,582 swing high to the $2,411 low. The first major resistance is near the $2,520 level. The main resistance is now forming near $2,550. A clear move above the $2,550 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,650 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $2,500 resistance, it could start another decline. Initial support on the downside is near the $2,450 level. The first major support sits near the $2,400 zone. A clear move below the $2,400 support might push the price toward $2,350. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,500

Bitcoin price is correcting losses from the $67,500 zone. BTC is recovering and might soon aim for a move above the $70,000 resistance zone. Bitcoin started a fresh decline from the $72,500 zone. The price is trading below $70,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $68,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish pace if it settles above the $70,000 resistance zone. Bitcoin Price Aims Recovery Bitcoin price failed to trade to a new all-time and started a fresh decline below the $72,500 zone. There was a move below the $71,500 and $70,000 support levels. The price even declined below $68,500 and tested $67,500. A low was formed at $67,483 and the price is now attempting to recover. There was a move above the $68,500 resistance. The price surpassed the 23.6% Fib retracement level of the downward move from the $73,576 swing high to the $67,483 low. There was a break above a connecting bearish trend line with resistance at $68,300 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $70,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $69,500 level. It is close to the 50% Fib retracement level of the downward move from the $73,576 swing high to the $67,483 low. The first key resistance is near the $70,000 level. A clear move above the $70,000 resistance might send the price higher. The next key resistance could be $71,200. A close above the $71,200 resistance might initiate more gains. In the stated case, the price could rise and test the $72,500 resistance level. Any more gains might send the price toward the $73,200 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support on the downside is near the $68,000 level. The first major support is near the $67,500 level. The next support is now near the $67,200 zone. Any more losses might send the price toward the $66,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $68,000, followed by $67,500. Major Resistance Levels – $69,500, and $70,000.

Traders were hoping that XRP would be able to stay above the psychological level of $0.50. At the time of writing, XRP is trading at $0.4982, down 2.46% in the last 24 hours. There has been no shift in the status quo of the ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC), yet institutional investors are becoming more interested in XRP. There seems to be a shift in viewpoint within the sector, as seen by the increasing backing from prominent financial players. An XRP-focused exchange-traded fund (ETF) has been recently proposed by 21Shares; if greenlighted, it would be listed on the Cboe BZX exchange. Significant support is shown by the proposal to have Coinbase Custody Trust Company serve as the fund’s custodian. In light of the current regulatory climate, the filing emphasizes 21Shares’ determination to grow its XRP-focused investment products. Bitwise and Canary Capital are among the other companies that have applied for XRP ETFs. Despite Ripple’s ongoing legal troubles with the SEC, these moves demonstrate that institutional players are becoming more confident in XRP’s potential as an investment. Bears Domination Continues Traders were hoping that XRP would be able to stay above the psychological support level of $0.50. However, given the current market conditions and the ongoing downward trend, $0.50 failed to be a sufficient barrier, raising the prospect of more decline. The $0.48 zone, which has shown signs of buying activity in the past, might be the first resistance level as the price has broken below $0.50. At the time of writing, XRP is trading at $0.4982, down 2.46% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 33.51%. If the price manages to break above $0.51 level, then it will likely climb further to test $0.53 resistance level. Breaking above this level, will likely see an extended rally towards the $0.56 mark. However, if the bears continue to dominate and push the price below $0.48 level, then it will likely test $0.42 support level.

If you are the kind of investor that is focused on maybe creating a high-growth crypto portfolio then it is worth looking at some assets since the time is ideal for them to give results with remarkable returns. Given the presales and the current market-active projects, there are a few coins that ought to do well in the coming several months. And this is precisely what this article will center on three such cryptocurrencies. All of these assets have something special and could, in a short period of time produce a return labeled as “generational wealth.” Rexas Finance (RXS) Is A Remarkable Newcomer Aiming For Explosive Expansion. In the crypto scene lately, Rexas Finance (RXS) has had a big influence. Rexas Finance hit a new level of popularity after quickly selling phase four and attained a total value of US$5,450,000 during its presale period. These numbers show great investor demand as well as possible community action against RXS market entrance. Additionally, it is clear from Rexas’s ability to grab the interest of CoinMarketCap and CoinGecko that it has credibility and followership from both early adopters and more experienced crypto investors. Rexas plans to then be listed on three out of the top ten Tier 1 exchanges moving ahead since this will allow it to be acknowledged worldwide, be liquid, and widely accessible for any type of investor, young or old. Rexas is giving $ 50,000 worth of RXS tokens apiece to 20 persons free of charge to help create a robust community. This form of encouragement motivates the users to be active and assist in the RXS promotion, therefore enhancing the interest and development of the surrounding token community. Apart from the advantages of becoming part of the community, Rexas claims certain unique qualities that justify it as a profitable investment choice. Of them, its Real-World Asset (RWA) Tokenization system is the most crucial. Rexas Finance developed a framework that lets tokenize common assets including commodities and real estate. This means that people who wish to own things that were most of the time impossible for them have more possibilities since they can participate in small ownership of assets. Furthermore included on the platform is token creation with Rexas QuickMint Bot connected with messaging apps like Telegram and Discord. This mobile-oriented approach lets even non-technical users engage in asset management and tokenization. Moreover, The Rexas GenAI platform lets its customers create AI-based NFTs by modifying several elements helping to produce NFTs for market artists, makers, and collectors. These special qualities should make Rexas Finance an appropriate venue for investors wanting to put their holdings in innovative companies. Avalanche (AVAX): Great Potential Quick and EVM- Adaptable Blockchain Many in the industry have mentioned Avalanche (AVAX) as one appearing like a powerful participant among its peers because of its special qualities that would make it a quick, scalable, and strong blockchain. If you would be nice to overlook speed, Avalanche by Folk is a first-layer blockchain second to Ethereum in terms of smart contract capabilities. Avalanche enables the processing of 4,500 tps, a far higher volume than E’s minimum. Consequently, tokens and NFTs as well as fully-fledged distributed apps can be run via the avalanche network. Furthermore, Avalanche is EVM-compatible, which means that, as on Ethereum, developers may quickly build distributed apps and tokens on Avalanche. This interoperability raises its footprint in the crypto world and promotes contact with other blockchains. One other benefit of Avalanche is its 720 million AVAX maximum token issuing cap. This should influence its worth as an asset since a limited quantity usually stimulates demand and makes it possible to reach a higher price. The avalanche ecosystem presents a fantastic chance for diversification of the portfolio for investors seeking rapid, affordable, and more scalable choices as it develops. Still, Avalanche has drawbacks including the average 2,000 AVAX token threshold to join a validator, which can cause network centralization. Although some smaller investors may be turned away by this criteria, it is supposed to be protective against dishonest validators therefore safeguarding the network. Binance Coin (BNB) Is The Reproduction of The Guarantee And Support of An Exchange. Using the native coin of Binance, BNB gives Binance users various benefits above using the exchange. They can engage in DeFi events, buy special Insure Tokens, and trade with lower fees. Because of its low charge rates and quick transactions, BNB turns out to be crucial to the BSC that has attracted popularity in the crypto market. Not overlooked is BNB, a utility token allowing one to buy unique InsureTokens on the exchange. One feature that distinguishes BNB from other tokens under control is the quarterly token burn policy of the platform, whereby some BNB tokens are permanently removed from circulation. This feature causes the total BNB token count to drop over time, therefore fostering increased scarcity and appreciation of the value of the coin. Given the significant portion of the market controlled by Binance, demand for Binance is still rather strong—especially among those in its ecosystem. Juggling Your Portfolio To Optimize Returns Especially for investors hoping for large returns in a limited, short time, of months, splitting a $500 investment across these three promising cryptocurrencies is an appealing choice. Each of these three coins would have a remote control universe allowing DeFi product buying, simple cost-effective cross-chain buying, and many other centralized exchange assets. The last seems like a good addition to an investor’s crypto portfolio given the vast range of the trio of assets, which in turn seems to be a perfect fit to gain maximum out of the months to come. These features allow an investor to participate in a creative DeFi project, high throughput blockchain, and trade back token enabling the construction of a well-rounded portfolio able to expand at an amazing rate over a limited length of time. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance HalloweenGiveaway: https://x.com/rexasfinance/status/1851983620765852009 Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.