Schlagwort: crypto market

Ripple (XRP) price has moved sideways in the past few months as the recent consolidation continues. The coin was trading at $0.50 on Tuesday after Roblox announced that it will integrate it into its ecosystem. Ripple has dropped by more than 47% from its post-SEC lawsuit victory high.

Ripple price reacted mildly to news from Roblox, one of the biggest metaverse and gaming companies in the world. Roblox has a market cap of over $18 billion and millions of users. In a statement, the company said that it will activate XRP payments in its ecosystem.

Ripple has had other victories in the past few months. For one, the judge overseeing its case against the Securities and Exchange Commission (SEC) rejected the agency’s plan to appeal the verdict. The judge ruled that XRP was not a financial security as the agency alleged.

Meanwhile, Ripple recently acquired Fortress Trust, a company that provides crypto infrastructure services. The acquisition gave the company a license to operate in Nevada, a potential big market in the crypto industry.

Fortress Trust is a company that helps companies interact with digital currencies. It joins other companies that Ripple Labs has acquired in the past few years. It bought Metaco in a $250 million deal. Metaco is a Swiss company that provides crypto custody services.

A likely reason why XRP has struggled is that more whales have been moving the tokens substantially in the past few months. For example, a whale moved XRP worth over $14 million from an unknown wallet to Bitstamp. It is unclear whether this whale wants to sell the token or not.

Another XRP whale moved tokens worth over $36 million from Ripple to an unknown wallet. On Monday, another whale transferred XRP coins to BitStamp. To be clear, these large transactions are not necessarily bad. However, they tend to send the wrong information in the market.

How to buy Ripple

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• Bitcoin jumps to $30k on fake BTC ETF news
• The spike was quickly reversed
• The chances are high that there will be a BTC ETF

Bitcoin is one of the assets that kept its gains against the US dollar in 2023. More precisely, Bitcoin’s price started the year on a bullish tone, rallying massively from $15k area to above $30k. 

Fast forward to mid-October, and Bitcoin trades, more or less, near its yearly highs. 

We cannot say the same about the US dollar. 

In fact, the greenback strengthened across the FX dashboard, gaining against its traditional peers. For example, the EUR/USD traded above 1.12 in 2023, only to trade now close to 1.05. A drop of seven big figures (i.e., seven hundred pips) for the most popular and liquid currency pair tells much about the dollar’s strength. 

Yet, such strength did not affect Bitcoin. Just the opposite.

Yesterday, Bitcoin tested the $30k level (again). The move came at the end of news hitting the wire that the SEC (Security and Exchange Commission) has approved a Blackrock Bitcoin ETF. 

It turned out to be a false alarm, but Bitcoin’s price spiked. However, most of the move was retraced by the end of the trading day. 

And this is what makes it interesting. 

Bitcoin chart by TradingView

A BTC ETF is almost certain 

While most of yesterday’s move was retraced, Bitcoin’s price remains near the yearly highs. One of the reasons is that a BTC ETF is almost certain, despite not being announced yesterday. 

Late last Friday, the SEC announced that it would not appeal the Grayscale court ruling. Effectively, it means that a BTC ETF is very likely to be approved. Therefore, if markets are efficient, the news should already be priced in, explaining why Bitcoin trades near the 2023 highs while the dollar strengthens against everything else. 

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Bitcoin SV and Bitcoin Cash prices were among the top-performing currencies on Monday as a sense of hope returned in the crypto market. BSV jumped by more than 13% to $38.27 while Bitcoin Cash jumped to $228.64. Other top-performing cryptocurrencies were Solana and Stacks.

The main catalyst for the rally was the ongoing hopes that the Securities and Exchange Commission (SEC) will approve a Bitcoin ETF. These hopes were amplified by the decision by the SEC to move on without appealing the Grayscale lawsuit.

BCH and BSV prices jumped after a false report by Cointelegraph suggested that the SEC had expected iShares Bitcoin Trust. That report pushed Bitcoin to almost $30,000 and then it retreated shortly afterwards.

Bitcoin Cash and Bitcoin SV also jumped as a sense of optimism continued in the market. Move was exemplified by the strong performance of American equities. The Nasdaq 100 index jumped by more than 1.10% while the S&P 500 and Dow Jones jumped by over 1%. Historically, cryptocurrencies tend to do well when stocks are rising.

Still, the risk for BSV and BCH is that it is still too early to determine whether the SEC will approve Bitcoin ETF. If it does, these coins will rise because it will raise the possibility of companies filing for their separate ETFs.

The other risk for these cryptocurrencies is that inflation expectations have been rising in the past few weeks. The implication is that the Fed will maintain a hawksh tone in the coming months. 

The post Bitcoin SV (BSV), Bitcoin Cash (BCH) Pops as BTC ETF Hopes Rise appeared first on CoinJournal.

• Memeinator presale has entered the fourth stage.

• The presale occurs in 29 stages, with the token returning by 132%.

• Memeinator carries a 1,000% potential due to strong speculation and utility.

The crypto landscape keeps changing, with new tokens and regulations shaping the future of the sector. In response to the uncontrolled growth of new meme tokens, Memeinator (MMTR) has come to create order. Within a few days of presale, the token raised $703,442, with more investors buying it. Conversely, Australia is endearing itself as a crypto-friendly jurisdiction with new licensing proposals. Are these developments positive?

Australia eyes a new crypto licensing regime for exchanges

Australia’s Treasury has proposed new licensing and custody regulations for crypto asset providers. The latest cryptocurrency news says regulators could issue the draft regulations by 2024. Exchanges will be given 12 months to comply with the new licensing regime. 

The Australian Treasury suggests licensing for exchanges that control more than AUD5 million or $3.15 million in assets. Officials say the move aims “to ensure a level-playing field between traditional and emerging financial intermediaries.”

 The proposals endear Australia as a crypto-friendly nation. The proposed regulations are expected to increase the country’s digital asset certainty and drive adoption. 

Memeinator’s promise of meme domination attracts investors

Many meme investors have a story to tell. Whether it’s catching a parabolic move on Dogecoin or falling foul for a parody coin. Essentially, meme cryptocurrencies have been a double-edged sword. For those that have invested right, gains have been supernormal. The opposite has been true for investors falling to parody memes. 

Memeiantor promises to weed out the bad guys and make the meme investment landscape worthwhile. Boasting to have returned from 2077, Memeinator says its mission is one. Destroy weak, pathetic, and non-original meme tokens from the face of the earth. 

The mission will be accomplished using artificial intelligence. The AI will scan the web and find targets, crushing them to the core. This way, Memeinator will achieve domination, with a clear target to hit a $1 billion market cap. 

Memeinator will also apply clever and intelligent marketing using cutting-edge AI technology. The aim is to ensure everyone is talking about the project, driving hype and FOMO. Memeinator won’t stop there as AI will continually reinvent itself to make the crypto dominate. 

As the presale enters the fourth stage, investors remain as hopeful as they were when the project started. Memeinator token has, too, maintained a positive trajectory, rising at each stage. The token is now valued at $0.0118, representing a gain of 18% for early backers. Evidently, there is much to be made during the 29-stage presale, as the token will rise at every phase. At the conclusion, the token will have returned 132%. 

Memeinator and overall crypto landscape

Memeinator fills a crucial role in the crypto world. It positions itself as a quality project with great potential. Utility has been the key concern for most meme investments.

Apart from harnessing the power of AI, the project will allow the staking of the token. There are also exclusive NFTs for the community and a game to be launched at the end of the presale. 

As regulations catch up with unworthwhile crypto projects, Memeiantor will play a significant role. Increased certainty through regulations will allow Memeinator to generate more trust, unlocking its value. 

Will Memeinator rise by 1,000%

Memeinator will have risen by more than 100% when the presale ends. The gains are controlled through the project’s tokenomics. From here, Memeinator could surprise the markets when the token is listed.

The Memeinator team has a goal to list the token on tier 1 exchanges. AI-enabled marketing and branding will also make the project known worldwide, increasing adoption.

With the prospects, Memeinator’s token value could rise by more than 1,000% after listing. Aside from the speculative value drive, Memeinator could increase due to improved crypto sentiment.

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