Source: Trading View
The price of XRP stands at $0.378725 at the time of writing, representing a very modest 0.4% increase over the past 24 hours. Overall, altcoins are up 14% over the past two weeks at the time of writing, but the ongoing aftermath of the FTX bankruptcy has continued to affect prices, with prices down 16% over the past 30 days.
Ripple’s protracted battle with the SEC is affecting the price of XRP, which saw the coin drop a few weeks ago after LBRY lost a similar case to Ripple. However, with Ripple succeeding in filing 14 Amicus reports over the past week, it appears to be a positive move that seems likely to win the case.
XRP Price Predictions With $1 Billion Trading Volume – Can XRP Rise To $3 By 2023?
At the time of writing, XRP’s 24-hour trading volume has shrunk to $1 billion, compared to $3.5 billion at the beginning of the month when the FTX crisis began to arrive. This is a decrease in volatility, which can be positive or negative depending on the investor’s perspective and the state of the market.
XRP’s price chart is giving mixed signals. The relative strength index (purple) has recovered to around 45 from less than 30 at the beginning of this month, indicating a slight recovery in momentum and buying.
Source: Trading View
However, XRP’s 30-day moving average (red) continues to decline towards the 200-day (blue). In particular, as the trading volume, which can be seen as an indicator of investor interest, is decreasing, additional price declines are possible.
Making things worse, the aftermath of FTX’s collapse continues to have an impact. Most recently, Digital Currency Group revealed that it owes $575 million to struggling cryptocurrency firm Genesis Trading, which may file for bankruptcy in the coming days. Known.
These revelations highlight the possibility of further explosions and collapses in the near future, the effect of which is likely to trigger further sell-offs.
However, over the past week we have seen some positive news regarding XRP. This includes Ripple’s successful filing of 14 Amicus reports, unlike the SEC filing only one.
Accredify failed to file its Amicus Brief on behalf of the SEC by the deadline last night.
So that leaves the final tally at 14 for Ripple and 1 for the SEC.
For you Americans: Ripple scored 2 touchdowns and the SEC got a…one point safety? https://t.co/wGFfn4GNWR
— Jeremy Hogan (@attorneyjeremy1) November 19, 2022
As a result, Ripple has been dragged on for nearly two years, but as both sides requested a summary judgment in September, the possibility of winning the lawsuit against the SEC, which entered the final phase, increased.
Ripple also found other advantages in the case . In March, a presiding judge upheld Ripple’s right to a fair notice defense, which means it can present evidence showing that the SEC did not give sufficient notice that XRP could be considered a security.
The same court also ruled in January that Ripple must check documents and emails related to William Hinman’s (then SEC chairman) speech in 2018. It is likely that these documents contain evidence that could work in Ripple’s favor during the discussion of the SEC’s position on XRP.
If Ripple wins while the market is still going through difficult times, we can expect XRP to rebound significantly and even rise above $3.
An investment that offers higher returns
Meanwhile, investors might consider investing in a coin that doesn’t have to wait for the conclusion of a court battle like XRP to increase profitability. And while few coins have been profitable in the 2022 bear market, one exception to this is the pre-sale and the new tokens offered by those pre-sales.
For example, the metaverse-based meme token Tamadoji (TAMA) recorded a very surprising rise after listing on OKX in October, rising to 1,800% at one time compared to the pre-sale price .
The three coins I want to introduce are expected to realize above-average returns. Each of these coins is currently in pre-sale and is backed by solid fundamentals.
Dash 2 Trade (D2T)
Dash 2 Trade, powered by Ethereum , is a trading intelligence platform that provides cryptocurrency investors with real-time market analysis and social trading data, helping them make data-driven investments.
Due to the Q1 2023 launch, the pre-sale of native D2T tokens has reached nearly $7 million. It finalized listing on BitMart and LBank exchanges in early 2023, giving investors an opportunity to realize some returns sooner or later.
Roboterra (TARO)
Roboterra (TARO) is a sandbox-type metaverse scheduled to release an alpha version in the first quarter of 2023. Within this platform, gamers can play as robots and participate in creating virtual world items, including NFT-based lands, buildings, and other in-game items.
1 Tarot currently sells for 0.020 USDT (which can be purchased using USDT or ETH), but will rise to $0.025 in the upcoming pre-sale phase 2.
IMPT
이더리움 기반의 IMPT는 탄소 크레딧 마켓플레이스이자 쇼핑플랫폼으로 친환경 가맹점과 이 친환경 가맹점에서 쇼핑한 소비자에게 NFT 기반 탄소 오프셋으로 보상하는 것을 목표로 한다. 제공된 오프셋은 거래되거나 폐기될 수 있으며, 이는 사용자의 IMPT.io 포인트로 누적되어 얼마나 친환경적인 사용자인지 확인 가능하게 한다.
IMPT는 10월에 판매를 시작한 이후 1,310만 달러를 조금 넘게 모았으며, 기사 작성 시간 기준, IMPT 1개는 0.023달러에 판매되고 있다.
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