Category: Cryptocurrency News

It seems now that XRP fell short on capitalizing on hopes that Ripple will finally earn a victory on its long-running legal dispute with the U.S. Securities and Exchange Commission as it swayed between profits and losses on September 19. It can be recalled that the SEC and Ripple Labs, the company behind XRP, agreed to expedite the lawsuit that aimed to determine whether or not the cryptocurrency could be considered a security. Both parties now want a federal judge to make a ruling on whether or not Ripple Labs violated federal securities laws or otherwise dismiss the lawsuit, ending the legal battle. With this, New York Southern District Judge Analisa Torres has been asked to make a summary judgment based on the arguments and accompanying documents submitted by SEC and Ripple Labs which were posted on a federal court database on Friday. Entrepreneur and crypto enthusiast Jeff Sekinger shared some insights about the matter on Twitter, saying that the case was going in favor of Ripple Labs. Related Reading: Ethereum Could Gain 10% Before ETH Resumes Its Reversal Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a security or not. From the updates of the case, it sounds like it’s in the favor of @Ripple pic.twitter.com/SAyl4VLxdM — Jeff Sekinger (@JeffSekinger) September 19, 2022 The Pressure Of An Imminent Fed Hike Basing on its September 19 daily candlestick, experts inferred that XRP’s performance showed a possible growing bias conflict among traders, with the cryptocurrency having sharp bullish and bearish runs. It ended trading at $0.35 that day. While the SEC lawsuit remains a big factor for this, it is believed that there is another possible reason for the way XRP performed. It could be the upcoming move of the Federal Reserve to have 75 or 100 basis points increase in its benchmark interest rates which is expected to take effect on September 20. These rate hikes have been proven over the years to put tremendous pressure on the crypto market affecting even pack leaders Bitcoin and Ethereum. XRP Not Yet Out Of The Woods As of this writing, XRP seems to be doing well as data from CoinGecko show that it is trading at $0.37, and is looking at a 10% increase in its price over the last 24 hours. But it turns out that this gain is nothing to be excited about, as independent market analyst Cheds shared its observation, stating that XRP price has been fluctuating, confined inside a “rectangular range” since June. This “range” as described by Cheds has the resistance of $0.38-$0.40 and support that is set at $0.28-$0.30. XRP, after experiencing a price drop on September 19, is headed towards the support area and could be going under $0.25 in the final quarter of 2022, losing 30% of its value. Related Reading: Dogecoin Surpasses Polkadot – Can DOGE Maintain Its Aggressiveness? XRP total market cap at $18.5 billion on the daily chart | Source: TradingView.com Featured image from Kriptokoin.com, Chart from TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

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We rarely get to see gas this low on Ethereum and whenever we do it’s always an opportunity to buy everything we couldn’t back when gas was high. This has typically become the norm over the years. Too much gas? Transactions not worth it? You’re gonna have to wait it out or pay up. But…
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The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the BBB detailed. Crypto Scammers Defrauding Tiktok Users The […]

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Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies.

While layer-2 protocols have been focused on “scalability,” layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin.

Traders should definitely keep their eye on Dogecoin (DOGE) as the popular dog meme coin hints at a 30% rally in the coming days. DOGE hints at a 30% rally in the coming days Dogecoin blazes past Polkadot with a wide difference seen at around $576.235 million DOGE price spiked by 2.25% As the second biggest proof-of-work blockchain network and the 10th largest crypto in terms of market cap, DOGE seems unstoppable at this point. Since September 18, Dogecoin has been expected to blaze past Polkadot with the demarcation seen at roughly $576.235 million. According to CoinMarketCap, DOGE price has surged by 2.25% or trading at $0.05813 as of press time. The recent decline seen in August has propelled many traders to buy DOGE at a low price. Related Reading: Ethereum Could Gain 10% Before ETH Resumes Its Reversal Bulls To Overtake Bears With 30% Rally Judging by the 8-hour chart, the Fibonacci Retracement tool shows the August high registered at around $0.092, and it’s recent low spotted at $0.054, demonstrating a retracement by 63.4% at the $0.08 level. If the on-chain metrics are accurate, the bears may be hit hard with a 30% price rally. More so, the 4-hour chart also shows mild indications of a bullish divergence implying Smart Money penetrating the market. DOGE’s sudden spike may be due to the increase in volume seen in the past few days. The meme coin’s trading volume is seen to bolster from 202.16 million hitting 344.5 million. One of the reasons for DOGE’s growth could be attributed to the meme coin exhibiting an uptick in its volume over the past couple of days. The volume grew from 202.16 million all the way to 263.32 million at press time. And it’s not just the trading volume that has shown remarkable growth, the active wallet addresses increased as well. The dynamic wallet addresses increased from 113k on September 15 to 120k on September 18. The velocity of Dogecoin also ramped up which implies an increase in buying and selling activity. DOGE is also bound to attract more miners, especially with its pump in hash rate which has grown by 4.86% as seen in the past week showcasing the robustness and security of the Dogecoin blockchain. Dogecoin Social Metrics Drop On the other hand, DOGE’s social media metrics have plummeted. August wasn’t a good month with DOGE’s social mentions shown to have plunged by 30.02% and social engagements dropped by -39.82%. The decline in social media metrics may negatively impact DOGE prices. Chart: Messari Another bad news is that the whales’ interest in DOGE seems to have tapered off in August with the number of wallets dropping as much as 13.04% in the past 30 days. Polkadot has also shown some turbulence in terms of volatility and also social media metrics which could be the primary reason why traders seem to have been shying away from the token. Overall, traders are said to remain cautious as meme coins are known for their extreme volatility. Even DOGE prices can change abruptly with any new updates or even some announcements from Elon Musk. Related Reading: Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone? DOGE total market cap at $7.7 billion on the daily chart | Source: TradingView.com Featured image from Reuters, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

Palm Beach gets its own NFT restaurant offering a range of benefits for members, while the PGA partners with Tom Brady-backed NFT platform Autograph.