Crypto Portal

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2023-12-24 21:01:49 ChatGPT has this to say about XRP’s 2024 price prediction

Ripple Labs and XRP – What’s the relationship?
XRP is a cryptocurrency that Ripple Labs uses to conduct transactions on its network. While Ripple is a centralized fintech company that began as Ripplepay in 2004, it was later co-founded by Chris Larsen and Jed McCaleb in 2012 with the vision of creating a faster and more secure way of doing transactions around the world.

Battling the SEC
United States’ SEC filed a lawsuit against Ripple Labs in 2020 for selling XRP as an “unlicensed security,” claiming that the distribution of $1.3 billion worth of the crypto to its stakeholders violated the law. The major bone of contention here was whether XRP was a security and therefore, whether it is a share in Ripple or if it was a cryptocurrency like Bitcoin.

Conclusion
Whether or not XRP reaches the $10-mark in the first half of 2024 is something only time will tell. To its credit, the crypto’s price did hike somewhat right after the ruling and has been trading within a zone after that. Hence, things are looking a little optimistic for the crypto. ChatGPT is particularly optimistic about XRP’s future too. Open / Comment

2023-12-21 17:01:02 Stablecoins extend winning streak in December

Stablecoins continue to ascend
According to the latest report by digital assets market data provider CCData, the total stablecoin marketcap rose 0.9% to $129 billion as of the 18th of December, the highest in seven months.

How did the big boys perform?
Being the largest stablecoin, Tether [USDT] is considered a bellwether for stablecoin sentiment in the market.

BUSD makes way for FDUSD
The report also drew attention to the emergence of First Digital USD [FDUSD]. The Binance [BNB]-backed stablecoin has taken giant strides since its debut on the exchange in July. Open / Comment

2023-12-21 16:15:00 Officially: Bitcoin broke +142% in the year chart

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2023-12-18 14:00:23 XRP price falls 2% in 24 hours: Will the $0.5 prediction come true?

XRP has a few concerns
Over the last seven days, XRP’s price has dropped by more than 3%. In fact, as per CoinMarketCap, XRP’s value sank by over 2% in the last 24 hours alone.

Possibilities of XRP moving further down
AMBCrypto’s look at Santiment’s data revealed that XRP’s MVRV ratio plummeted last week. Its Network Growth also devolved, meaning fewer new addresses were being created to transfer the token at press time. Open / Comment

2023-12-15 16:01:25 Bitcoin: Can the $47K price prediction come true soon

Bitcoin finally goes above $40,000
Though BTC exhibited a bull rally a few weeks ago too, it failed to amaze investors. But things changed in the recent past as its value went above $40,000.

Bitcoin: New key levels to look at
While BTC’s price rallied, crypto analyst Ali pointed out a few key levels for the king coin via X (formerly Twitter). Notably, the most important resistance area for BTC was at $47,360.

Will BTC cross $42,500 soon?
AMBCrypto then had a look at the king of crypto’s on-chain metrics to see the viability of BTC crossing $42,500. The coin’s MVRV ratio increased substantially over the last week, which was a positive signal.

Should investors expect a price drop?
Apart from Bitcoin’s supply on exchanges, another bearish metric was the coin’s fear and greed index. At press time, the index had a value of 75, indicating “greed” in the market. Open / Comment

2023-12-12 16:01:55 Bitcoin BRC20 token crosses $1 billion market cap: What’s next?

ORDI puts the Bitcoin network under pressure
The surge in ORDI’s value is attributable to the general uptick in the trading activity around BRC-20 tokens in the past few days. According to data from Dune Analytics, on the 3rd of December, BRC20 token minting touched a high of 450,000.

ORDI is the talk of the town
As many continue to ape in to profit from ORDI’s price rally, an assessment of the token’s performance on a daily chart revealed that it has seen huge demand in the past few days. Open / Comment

2023-12-09 16:01:57 Solana: Will FTX’s latest move affect short-term price prediction?

Does FTX still have an impact on SOL?
Lookonchain recently posted a tweet highlighting an FTX-related wallet’s activity.

SOL stays afloat
Despite a massive sell-off, the token’s price did not react negatively. In fact, the token’s price gained upward momentum. Open / Comment

2023-12-06 16:02:03 Bitcoin: What you need to know about BTC’s race to $50K

Bitcoin addresses resume accumulation
The recent surge in Bitcoin prices has rekindled the accumulation activity among certain wallets.

New entrants?
As existing Bitcoin wallets resumed their accumulation, there was a notable decline in the creation of new addresses by the end of 5th December.

Race to 50k?
Bitcoin commenced the day with a slight price dip but quickly gained momentum, concluding trading on 5th December at a yearly peak. Open / Comment