Day: October 23, 2023

Mid-Term XRP Price Targets Revealed By Crypto Analyst

Egrag, a crypto analyst, today presented his medium-term predictions for the XRP price on X (formerly Twitter). He backed up his projections with the 3-day chart and pointed out several potential price points that investors should watch out for. Analysis Of The 3-Day Chart XRP/USD Egrag’s chart, based on Binance’s 3-day XRP/USDT pair, suggests that XRP is currently in the midst of a crucial breakout retest phase. He emphasized the current market dynamics by saying, “What’s happening right now is merely a retest of the breakout; the true pump is…

Thailand delays digital money handout, critics call for probe

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Thailand’s planned digital wallet scheme that intends to payout 10,000 baht (~$274) to citizens over 16 years old has been delayed while critics call for a probe from the country’s electoral commission. As originally reported by the Bangkok Post, Thailand’s deputy finance minister Julapun Amornvivat announced that the planned Feb. 2024 launch of a new digital wallet has been delayed to buy more time for the development of the system. The Thai government hopes to use the wallet to issue 10,000 baht to eligible citizens in a bid to stimulate the…

Price of HAY, ‘First Uniswap Token,’ Jumps to $3M Per Token

“Five years ago, before the launch of Uniswap v1, I deployed a token called HayCoin to use for testing,” he posted on X. “This was back when gas was so cheap that mainnet could be used as a testnet. After the launch of v1, I created a small test liquidity pool with a tiny fraction of the total supply and left the remainder in my wallet. I also used it to test the migration contract from Uniswap v1 to v2.” Source

SEC has 3% -14% chance of success in Ripple appeal, lawyers predict

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The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit. Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple.…

Crypto Analyst Points Out Bitcoin Sell Signal That Could Be Triggered Today

The flagship cryptocurrency, Bitcoin, is fast approaching $31,000 following its gains over the weekend. Analyzing this price action, crypto analyst Ali Martinez has predicted Bitcoin’s future trajectory as he suggests that the bears could regain dominance soon enough.  A Price Correction Imminent For Bitcoin In a post shared on his X (formerly Twitter) platform, Martinez noted the potential head-and-shoulders pattern that was forming on the Bitcoin daily chart following its upward trend. This chart pattern has always been considered bearish as it suggests that a trend reversal might be on…

Bitcoin price to hit $70k soon, analyst predicts

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Popular crypto analyst Kevin Svenson suggests that Bitcoin (BTC) might soon break the $70,000 barrier, backed by data-driven insights and pivotal market shifts. As Bitcoin enthusiasts closely monitor market trends and price movements, Kevin Svenson, a respected crypto analyst, has set the stage for an exciting turn of events. He has predicted that Bitcoin’s value could soar to $70,000, contingent upon certain key developments.  Svenson’s analysis is based on a crucial resistance level of $32,000. In a new YouTube video, he highlighted that if this resistance transforms into a solid…

OpenAI Founder’s Crypto Project Worldcoin Switches Orb Rewards Plan to Boost WLD Supply

CryptoX – Cryptocurrency Analysis and News Portal “The WLD token was launched with a relatively low circulating supply of just above 100M WLD,” Worldcoin said in a Sunday post. “This was due to the goal of creating a network of as many human beings as possible. To achieve this, the majority of the WLD token supply will be given to new and existing users in the form of user grants over the years to come.” Source The post OpenAI Founder’s Crypto Project Worldcoin Switches Orb Rewards Plan to Boost WLD…