The price of XRP has performed relatively well over the past few months thanks to progress made by Ripple Labs against the Securities and Exchange Commission (SEC) in a lawsuit that has now been going on for several years.
The payment protocol created in 2012 now boasts a market capitalization of over $22 billion and has attracted nearly $867 million in the past 24 hours across all exchanges.
XRP Price Analysis
Even though the price of XRP rose as high as $0.5586 at the end of September, it fell back to a support level around $0.42 due to the dominance of the trend. down in October.
The price of XRP is currently trading at $0.4571 as the price trend seems to be heading towards a continued decline in the short term, although it is still possible to see a rise to $1.
For the moment, it is important to watch carefully if XRP will be able to maintain its support level. If the downtrend continues to deepen then investors should be prepared for the price of XRP to drop back below the lower support level located at $0.4200.
The price of XRP could rise to $1 before the end of the year, but that will largely depend on the outcome of the lawsuit between the SEC and Ripple, the company behind the cryptocurrency XRP. Furthermore, Ripple has already won a few minor victories against the US regulator, and experts predict that the crypto firm is likely to win its case.
Nevertheless, it is currently impossible to predict with certainty the final verdict of the court. Brad Garlinghouse, Ripple’s chief executive, recently said he expects the earnings release for the first quarter of 2023.
Alternatives to XRP: Dash 2 Trade (D2T), IMPT and Calvaria
The elements studied previously indicate that investors have solid reasons to support a bullish rally for XRP, with the price potentially reaching the $1 mark soon. However, it is also always interesting to diversify your portfolio with crypto projects whose launch is imminent such as Dash 2 Trade (D2T), IMPT and Calvaria.
Dash 2 Trade presale is progressing at a spectacular speed
Portfolio adjustment has never been greater in the crypto sector than in 2022. This was due to an unfavorable global market whose conditions gradually deteriorated due to the latent effects of the Covid-19 pandemic as well than the conflict that has pitted Russia against Ukraine since the beginning of the year. Moreover, the rise in inflation adds to the elements mentioned above and forces investors to reassess their decisions.
Dash 2 Trade (D2T) is an upcoming project that aims to help investors better analyze the market with extremely powerful analytical tools. It will offer the possibility for the user to use a dashboard that will work in the same way as a Bloomberg terminal, but for the crypto sector. Dash 2 Trade offers quality market information and helps investors implement better strategies.
The platform offers other impressive features like Application Program Interface (API) integration as well as notifications whenever a new crypto-asset is listed on an exchange.
Dash 2 Trade will give access to its platform to its Starter and Premium tier subscribers, but some of the more advanced features will be reserved for the top tier. The token is available for presale, and investors can get it at a unit price of $0.05.
So far, the project has raked in nearly $1.7 million of the $5.2 million expected at the end of the current presale stage. Investors should keep in mind that the price of the D2T token will rise to 0.0513 in the next stage of the presale.
Do not hesitate to consult this link to access the Dash 2 Trade presale.
IMPT is nearing the end of the first stage of its pre-sale
IMPT is a new crypto project that is currently on presale. In just under three weeks, IMPT has raised over $8 million. An IMPT token is now trading for $0.018, but it is necessary to remember that the price of the token will soon drop to $0.023 when the second stage of the presale begins.
According to the white paper, IMPT is a crypto project focused on ecological issues and more specifically on reducing the effects of global warming. The platform will make sure to open the carbon credit market to individuals, who will also be tokenized, which is a real innovation.
Investors who wish to diversify their portfolio may consider choosing this project because of its considerations for environmental issues. IMPT is also ideal for ESG investors. The return on investment of this project is potentially considerable, it is a question of x50 gains according to analysts, and all while helping the planet.
Do not hesitate to consult this link to access the presale of IMPT.
Calvaria: a token for competitive P2E
P2E (Play to Earn) continues to revolutionize the way the world views value creation. And some of the most reputable brands don’t want to miss out on this new trend, which explains why the pace of projects developed is still so strong.
The bear market has forced investors to consider new ways to generate revenue streams and both P2E and M2E (Move to Earn) have emerged as interesting solutions. There has been a lot of media attention on this new model which has greatly contributed to the evolution of the world of NFTs.
With so many P2E projects getting started right now, it can be difficult to decide what to put your money on. However, Calvaria is a project that definitely stands out from the usual lot of P2E games.
Calvaria is a relatively new game that focuses on card collecting and multiplayer battles. It is similar to other titles from the world of card games but it also displays very specific characteristics that make it a completely unique project.
The game is already available on both PC and smartphone in order to be accessible to the widest possible audience. In addition, players are not necessarily required to have a crypto wallet to participate. This implies that it is not mandatory to have knowledge in the crypto ecosystem to start playing.
RIA tokens are the native currency of the game and are offered in the Calvaria presale at a unit price of 0.01 dollars each. Investors receive 100 RIA tokens for 1 USDT. With 300 million RIA tokens available as the pre-sale progresses, this initial phase is limited to just 30 million. Throughout the presale, the price of the RIA token will evolve from 0.01 to 0.325 dollars.
Do not hesitate to consult this link to access the presale of Calvaria.