Ripple, Shiba Inu, Dogecoin
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Investing.com – Ripple, SHIBA INU and Dogecoin are trading together in the green on Wednesday, February 9, 2022. The is up 6.29% to $0.8952, while the is up 2.09% to 0 .000033 dollar and climbed 1.54% to 0.1591 dollar.
Ripple denies publishing explosive documents
February 17 could be a watershed date in the litigation between the SEC and Ripple. Judge Analisa Torres ruled last week that two memos should be released by this date, in which a lawyer for Ripple spoke about whether the XRP token was considered a security under federal law.
The content should be explosive, as Reuters reported:
“According to reports, Ripple and Larsen were opposed to this decision. They even argued in written requests to Torres that the memos should remain under lock and key. The release of these memos could be decisive in determining the extent to which the SEC is able to regulate crypto-currencies”.
Shiba Inu Announces Metaverse Land Sale
The Shiba Inu community has taken a step closer to their dream of creating their own metaverse. The project, launched under the name of Shiberse, has announced that it will soon be possible to buy land. Auctions will be organized and the owners of $Leash will be privileged. The SHIB team explains so :
“Waitlisting enables exclusivity by requiring interested individuals to own “$LEASH”, which gives them priority and exclusive access to this first phase of land sales in our metaverse. In the meantime, we have also implemented an anti-dumping system to protect $LEASH holders. The remaining land will then be unlocked and available to the public as soon as this exclusive sales process is completed.”
Dogecoin does not admit defeat
Dogecoin corrected overbought conditions as expected, but the 38.2 percent Fibo retracement of $0.1555 already offered enough support.
From this level, the cryptocurrency is already moving higher again and is targeting the 50 percent Fibo retracement of $0.1664.
In case of a sustained rise above this level, only the latest high in the $0.1726 area will offer resistance, followed by the 61.8 percent Fibo retracement at $0.1772.
By Marco Oehrl
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