The price of XRP has fallen just over 1% in the past 24 hours, falling as low as $0.515094 while the entire crypto market shows an overall decline of 0.5% in the same period.
Looking on a broader scale, we can see that the price of XRP has climbed 1.5% over the week and 35% over the last 30 days. These developments came as the verdict of the court cases between the SEC and Ripple is pending, and suggests a possible rally to the upside in the coming weeks.
For more than a month, some have expected that this procedure will end very soon and that the outcome will be largely favorable to Ripple, allowing it to continue its activities as it has been the case until now.
If the verdict is favourable, there is little doubt that XRP will experience a massive rally that could propel it back up to $1 or even its low. all-time high of $3.40and that potentially before seeing even bigger gains next year.
XRP Price Forecast: With $800 Million Trading Volume, Can XRP Hit $10 in 2023?
XRP indicators continue to show the presence of a very sharp upward rally, with its 30-day moving average (in yellow) rising ever higher against its 200-day moving average (in blue). .
And even though its relative strength index (in purple) has started to decline very slightly, it remains above the 60 threshold, remaining in a position where it could start to soar at any moment. In addition, Ripple sees the end of the tunnel in the legal case against the SEC, so it could only be a few weeks before we see XRP benefit from another exceptional rise.
On this point, all depositions and important evidence has been presented in this case, and both sides expect Judge Analisa Torres to make a decision very soon. John E. Deaton, lawyer and proponent of XRP, believes that such a decision could be made by the May 6in less than three weeks.
If true, these predictions leave little time for investors to acquire XRP at a reduced price, so the current period could represent an ideal time to buy this altcoin that presents positive signals.
Of course, there is a slim chance of Ripple losing its case, but according to most experts who have spoken out in public, the cryptocurrency-leading company has every chance of winning against the US regulatory agency.
For example, attorney Jeremy Hogan recently argued that the SEC fell short of proving one of the major arguments in this case, namely that the buyers of the XRP token entered into a “contract”. investment” with Ripple when they previously purchased their tokens.
Based on the fact that Hogan is correct on this point, Ripple’s victory could potentially make XRP the top performing Top 100 cryptocurrency for the year 2023. But that’s all guesswork for now.
From its current point of $0.5, the token could easily climb all the way to $1 in just a few weeks. And in the context of the crypto market continuing to rise, the all-time high of $3.40 could again be crossed quite easily.
Click here to buy XRP
The Whales Are Hoarding This Little-Known Altcoin: Find Out Why Now
It could take a long time for XRP to begin to gravitate near its former highs again, and savvy investors potentially prefer to steer towards other altcoins while waiting for the opportune moment.
Historical data shows that one of the interesting ways to make profits lately is to be interested in crypto projects in the presale phase, as is the case with Love Hate Inu which is one of the the most explosive projects of the moment.
The presale for LHINU (which is the native token of the project) launched just under a month ago and has already raised a record $4.3 million.
This is a very impressive result that suggests that the crypto community as a whole and NFT enthusiasts already have a lot of interest in Love Hate Inu.
One of the reasons that could explain this massive enthusiasm is in the objective of the project which consists in setting up a decentralized V2E platform (or Vote-to-Earn in French). The latter would allow users to earn crypto rewards by participating in polls and opinion polls.
Also, one of the unique features of Love Hate Inu is its use of memecoin aesthetics like Shiba Inu and Dogecoin.
Thanks to this theme, the project hopes to attract a large community of participants who will undoubtedly allow it to take a large share of the online survey market, which is a gigantic industry whose value is estimated at 5.69 billion dollars. here 2027.
With over 34,000 followers on Twitter, it is quite possible to say that the project already has a large community, and that these numbers will only increase as the platform launches its features. Note that the release of the platform is set for the second half of 2023.
Once launched, users will be able to participate in surveys by staking their LHINU tokens, a process that will also allow them to generate a passive income stream.
Above the elements mentioned above, Love Hate Inu aims to establish a large number of partnerships with various brands in order to organize surveys organized according to various themes within its platform.
Investors interested in the project can join the presale directly by visiting the official website of Love Hate Inu.
They will be able to use USDT, ETH or fiat currencies such as the dollar for their purchases (i.e. simply by credit card) in order to buy their LHINU tokens.
Note that the presale of the project is currently in its fifth phase, and that the unit price of the LHINU token is thus set at 0.000115 dollars.
This price will undergo an increase to reach $0.000125 during the transition to the sixth presale phase which will take place during the next week.
Click here to buy LHINU tokens
Disclaimer: The “Industry Talk” section presents the views of crypto industry players and is not part of the editorial content of Cryptonews.com.