• The XRP community is optimistic about its long-term prospects in light of the current regulatory scrutiny by the SEC.
• XRP price broke out of a multi-month logarithmic downtrend on Tuesday, exchanging around $0.42 during the early Asian market on Thursday.
• Ripple’s President Monica Long expressed her optimism for achieving positive resolution to the SEC case.
Ripple’s President Optimistic on Win Against SEC Lawsuit
Ripple’s President Monica Long has expressed optimism that the company will be successful in their lawsuit against the U.S. Securities and Exchange Commission (SEC). The legal battle could have major implications for XRP, as it may determine whether or not XRP is deemed a security by regulators, which would then impact how exchanges list and trade it.
XRP Price Sets New Course
The XRP community has been advocating for centralized exchanges like Coinbase Global to re-list the digital asset amidst regulatory scrutiny by the SEC. As the sixth largest digital asset aims to bridge the gap between traditional financial institutions and Web3 industry, XRP price broke out of a multi-month logarithmic downtrend on Tuesday after scaling to $0.49 during intraday trading session. According to crypto price oracles, XRP exchanged around $0.42 during early Asian market on Thursday, down approximately 9.8 percent in last 24 hours. As price retests January’s high and 200 DMA holds supportive position, XRP market is poised to rally further in coming days with bulls aiming beyond $0.54 as next significant resistance level. Over $8 million worth of XRP was liquidated in past 24 hours indicating rising trend ahead of SEC litigation verdict outcome.
Ripple Optimistic On Win Against SEC
In an interview with CNBC Wednesday, Long said she is “very hopeful” about achieving a positive resolution from the pending lawsuit against SEC due to facts presented before Judge Analisa Torres who presides over hearing this week end . She also pointed towards Europe leading way forward when it comes to providing clear regulations that enable crypto companies and traditional finance embrace crypto assets without fear of any legal conflicts .
Uplifting Regulatory Framework Needed
Long noted that United States lags behind when it comes to providing clear regulatory framework that allows crypto industry flourish without any legal limitations . This makes other jurisdictions attractive destination for blockchain projects , however there are certain risks associated with non compliant rules outside US , which makes it important for US lawmakers come up with laws supporting growth while protecting investors interests at same time .
The hearings between Ripple Labs Inc., its CEO Brad Garlinghouse and co-founder Chris Larsen versus U S Securities & Exchange Commission (SEC) started this week and will set tone for future of cryptocurrency regulation in America . At same time , bullish sentiment remains intact among crypto community as they anticipate win in favor of Ripple against regulator’s claims regarding sale & marketing tactics adopted by company .
• Bitcoin Pizza Day marks the first real-world use case of Bitcoin, in which a programmer named Laszlo Hanyecz offered to pay 10,000 Bitcoins for two pizzas from Papa John’s.
• Bitcoin is a decentralized digital currency that allows for secure and peer-to-peer transactions without intermediaries like banks.
• Bitcoin was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto and operates on a blockchain—a public ledger that records all transactions in the network.
The Story of Bitcoin Pizza Day
Bitcoin Pizza Day marks the first real-world use case of Bitcoin, in which a programmer named Laszlo Hanyecz offered to pay 10,000 Bitcoins for two pizzas from Papa John’s on May 22nd, 2010.
What is Bitcoin?
Bitcoin is a decentralized digital currency that allows for secure and peer-to-peer transactions without intermediaries like banks. It was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto and operates on a blockchain—a public ledger that records all transactions in the network.
Significance of Bitcoin Pizza Day
The offer made by Laszlo Hanyecz on May 22nd, 2010 sparked mainstream interest in cryptocurrencies, as it demonstrated its potential to be used as an everyday payment method. This event opened up the possibility of using cryptocurrency as an alternative form of payment outside traditional financial institutions.
Reception of Cryptocurrency Before and After Bitcoin Pizza Day
Before this event, cryptocurrencies were primarily used by tech enthusiasts and libertarians who embraced its decentralization capabilities and its ability to bypass government control over financial transactions. However, with this transaction taking place between two people through cryptocurrency instead of fiat money—it signaled to other people that cryptocurrencies had real-world uses and could be taken seriously.
Since then cryptocurrencies have gained mainstream acceptance and are now being adopted by businesses around the world as an alternative payment method. Although it has been almost 11 years since this milestone transaction took place, it still stands out as one of the most important moments in crypto history.
• Shiba Inu prices have dropped by more than 12% since the previous trading day and pierced through the crucial support at $0.00001
• Shytoshi Kusama, Shibaswap’s lead developer, recently confirmed that the Shibarium beta version will be released this week
• 111 trillion tokens could be burned every year if things happened as per the plan
Shiba INU Price May Undergo an Interesting Move-Could Possbily Rise Beyond $0.000017 Soon
Recent Market Conditions
Shiba Inu is breaking down, the prices have dropped by more than 12% since the previous trading day and pierced through the crucial support at $0.00001, validating the commencement of a fine bearish wave.
The Launch Of Shibarium On ShibaSwap
Shytoshi Kusama, Shibaswap’s lead developer, recently confirmed that the Shibarium beta version will be released this week. The SHIBArmy was overjoyed about the launch until the market unexpectedly collapsed. This drove the SHIB price lower, which has now plunged below the psychological level of $0.00001.
Burning Mechanism Of SHIB
If we consider the burning mechanism of SHIB, then 111 trillion tokens could be burned every year if things happened as per the plan. Further, with launch of Shibarium on ShibaSwap, there is possibility of burning another trillion tokens each year emerge. Considering that transaction fee for SHIB token burns on Shibaswap is 1%, nearly 3.7 trillion SHIB tokens may be burned each month and for a year it may reach more than 44 trillion tokens out of circulation . Moreover if 1% of fees gets stacked on Shibarium , burn rate may double up to 111 trillion tokens per year . This could push prices higher and slash couple of zeros from their value .
The above chart displays formation of ‘Adam & Eve’ trend reversal pattern in daily chart which is one variety of double bottom pattern where first bottom is largest in trading volumes and second bottom is ‘u shaped’ protracted and unremarkable volume . With all these facts ,there are chances that SHIB price can flip current bearish trend and rise beyond $ 0.000017 soon .
• The recent decline in Bitcoin (BTC) was initiated by concerns surrounding the crypto-friendly bank Silvergate (SI), causing the removal of bullish leverage from the futures market.
• Currently, there is a widespread belief that the appreciation of the U.S. dollar against other major global currencies will have an adverse effect on Bitcoin.
• On-chain data from IntoTheBlock reveals that Bitcoin has fallen below a significant demand zone at $23,000, and may potentially retest levels below $20,000 if it doesn’t pass $23,700 in resistance.
Sharp Decline Of Bitcoin Leaves Investors In Despair
Bitcoin’s sharp decline was caused by concerns surrounding the crypto-friendly bank Silvergate (SI), which led to the removal of bullish leverage from the futures market. According to Glassnode’s data, exchanges liquidated longs or bullish Bitcoin futures amounting to more than $62 million during Asian hours – this was the largest sum since August 2020 and also saw short liquidations worth just over $500,000.
US Dollar Appreciation To Affect Bitcoin Price?
Investors are concerned that increasing uncertainty over inflation due to hotter-than-anticipated economic data released in February and a potential rebound in US stock markets may result in an appreciation of US dollar against other major global currencies – which could have an adverse effect on Bitcoin prices.
Bitcoin Below Significant Demand Zone At $23,000
On March 3rd , On-chain data revealed by crypto analysis platform IntoTheBlock showed that Bitcoin had fallen below a significant demand zone at $23,000 and created a robust downward momentum – potentially retesting levels below $20,000 if it can’t pass its current resistance at $23,700.
Will BTC Make A Comeback?
Despite this bearish trend and investors’ pessimism towards cryptocurrency companies and banking issues – signs of resilience remain suggesting that there may still be hope for a potential reversal in BTC price if it surpasses its current resistance level at $23700.
Cautiousness Advised Until New Data Release
Until further economic data is released or until after the United States Federal Reserve meeting scheduled for March 2021; investors are advised to remain cautious when investing in cryptocurrency assets such as Bitcoin due to their volatile nature.
Overview of WEWE Global
• WEWE Global provides a wide range of crypto-centric products and services that can be accessed by people worldwide.
• The platform offers a Referral Program, allowing users to become Independent WEWE Associates (IWA) to build their own business.
• It also has a DAO structure for community-driven development, third-party products, and cryptocurrencies such as BTC, ETH, and the WEWE virtual token.
WEWE Global’s Referral Program is designed to give members an opportunity to earn rewards through bonus plans and access third-party products. This feature allows crypto users to capitalize on their network and make money from their efforts. Moreover, it gives them a sense of ownership in the platform as they can vote on projects proposed by other members which ensures that the platform remains up-to-date with the latest trends in the cryptocurrency industry.
Crypto Products & Services
The platform offers innovative crypto-centric products like wallets, exchanges, payment gateways, etc., which are accessible to people all over the world. These products can be paid for using various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and the WEWE virtual token. The interface is also extremely user friendly making it easier for crypto users to navigate and use these products without any hassle.
Becoming an IWA
In order to become an IWA or Independent WEWE Associate with this platform one must have dedication and hard work along with understanding of the Referral Program’s potential rewards and expectations of building a successful business venture. Proper education about this program is highly recommended before investing time or money into it.
WEWE Global is undoubtedly a reliable option for crypto users who want to capitalize on their networks while earning rewards at the same time. Its innovative crypto-centric products, Referral Program, community driven development make it an ideal choice for digital entrepreneurs looking for success in their ventures.
• The United States Securities and Exchange Commission (SEC) recently filed charges against Terra and its founder, Do Kwon, causing surprise in the cryptocurrency world due to its delayed timing.
• Crypto influencers have questioned the SEC’s intentions and whether it truly prioritizes safeguarding US investors.
• Do Kwon has been in hiding for months as authorities froze hundreds of millions of dollars worth of crypto allegedly belonging to him.
Charges Filed Against Terra And Founder Do Kwon
The United States Securities and Exchange Commission’s recent filing of charges against Terra and its founder, Do Kwon, has surprised many in the cryptocurrency world due to its delayed timing. The SEC has been actively cracking down on crypto-related businesses for months, yet it took close to a year for them to prosecute Kwon and his company. The delay is particularly puzzling given that Terra’s collapse caused millions of investors to lose their money and sparked a severe bear market that led to the failure of other cryptocurrency companies.
Suspicion Over Timing Of Charges
As a result of the SEC’s announcement, many are questioning the agency’s intentions and whether it truly prioritizes safeguarding U.S. investors. Crypto influencer Bitboy Crypto has highlighted the suspicious timing of the prosecution. Additionally, the fact that the case only focuses on half of the wrongdoing raises concerns among those who expected the SEC to hold Terra accountable for all its actions.
Whereabouts Of Do Kwon
Kwon has been in hiding for several months as authorities froze hundreds of millions of dollars worth of crypto that allegedly belonged to him. Kwon claims that the funds are not his and that he has no idea what they are talking about. Despite rumors that he is on the run, Kwon has categorically denied them.Before Terra’s downfall, Kwon was well-known in the crypto world and regarded as a folk hero due to his sharp mind and charming personality. However, he was also criticized for his arrogance and tendency to mock his peers and those he considered „poor.“
Search For Do Kwon
In light of recent charges, officials from Korea are now searching for Do Kwons Serbia. Meanwhile,the crypto community continues to watch closely while questioning SEC’s actions regarding this case .
The controversy surrounding this case highlights concerns over SEC’s intentions when it comes safeguarding U
• Binance’s exchange inflows and outflows have been called into question due to suspicious transfers of Bitcoin and BUSD just prior to the SEC crackdown.
• The platform has now been speculated to be in deep waters as it is suspected of carrying out multiple administered moves, such as attempting to target the ETH-based stablecoin with a view to increasing the adoption of BSC-based stablecoin.
• Recently, the SEC has prohibited Paxos from minting new BUSD stablecoins, as they are considered unregistered securities.
BUSD and SEC Crackdown
Binance’s exchange inflows and outflows appear to be suspicious as huge transfers of Bitcoin and BUSD were recorded just before the SEC crackdown. The SEC recently restricted Paxos from minting new BUSD stablecoins, which are registered securities, deeming them unregistered. Besides, it appears to be an attempt by Binance to target the ETH-based stablecoin in order to enhance the adoption of their own BSC-based stablecoin. This has led many analysts to speculate that Binance was aware of this issue prior to its discovery by the SEC.
BTC Outflow on Binance
The platform appears to be in deep waters as there have been allegations that it is involved in multiple administered moves both historically and currently. Recently, CEO Changpang Zhao (CZ) clarified a massive withdrawal of 3500 BTC which moved out of the exchange at around the same time when 200 million USDT was being transferred across all centralized exchanges. This raises suspicion over why these transactions took place so close together.
Suspicion Over BTC Swap
On-chain data provider Skew reported a gigantic BTC swap on Binance which may have been used for reserve status purposes when Adam Cochran, an analyst suggested that Binance knew about this issue long before it was cracked by the SEC. It is possible that these tokens were used for price manipulation purposes or other illicit activities although no evidence exists either way as yet.
Issuance Still Possible By Binance?
Despite Paxos halting its issuance of new tokens, there is still speculation over whether or not Binance will continue issuing them due to their ability to swap tokens between Ethereum and other chains through their binance-peg token system which allows users access USD using their platform solution . As such, it remains unclear if they will face any repercussions or if they will remain unscathed after this event has taken place.
Binance’s exchange inflows and outflows appear suspicious after recent events regarding Paxos halting its issuance of new tokens along with large amounts of Bitcoin being transferred shortly before this took place on their platform too. There is further speculation over whether or not they will still continue issuing tokens using their binance-peg token system despite being under investigation by the US Securities Exchange Commission (SEC). However, only time will tell what kind of punishments they may face should they choose not comply with regulatory standards set forth by such organizations.
• Uniswap (UNI) is a decentralized finance (DeFi) platform that has served as trustless and highly decentralized financial infrastructure.
• The UNI price could reach a maximum of $13.69 by the end of 2023 and may reach $65.89 by the end of 2030.
• This article provides an overview, Uniswap Price Prediction 2023-2030, market analysis, fundamental analysis, CoinPedia’s Uniswap (UNI) Price Prediction and FAQs on the UNI coin.
UniSwap is a prominent cryptocurrency from the decentralized finance (DeFi) sector that aims to bring greater decentralization through its native asset UNI. In this article, we will provide an overview, UniSwap Price Prediction 2023 – 2030, market analysis, fundamental analysis, CoinPedia’s UniSwap (UNI) Price Prediction and FAQs on the UNI coin for investors who are considering investing in it but are dubious about its future prospects.
UniSwap Price Prediction 2023 – 2030
The UNI price could reach a maximum of $13.69 by the end of 2023 according to technical analysis and risk management expert Elena R while with a potential surge it may reach up to $65.89 by the end of 2025 as per data analytics website Coinpedia’s prediction model.
The DeFi sector has come into existence with the idea of no intermediaries and is now going mainstream in the industry as investors are evaluating digital assets based on its TVL in DeFi amongst other factors. Since its inception, UniSwap has served as a trustless and highly decentralized financial infrastructure proving product-market fit for such platforms which have thrived independently thus making it particularly well positioned for community-led growth development and self-sustainability.
CoinPedia’s Uniswap(UNI) Price Prediction
Coinpedia’s predictive algorithm suggests that if one were to invest 100$ into UniSwap today their return on investment could be around 1268% over 3 years suggesting that UNIs price would increase exponentially during this period making it an attractive investment opportunity for those looking for long term gains from crypto investments..
• The Ripple vs SEC lawsuit appears to have reached the final stage wherein the judgement could be produced in favour of the company.
• The demand to relist XRP on exchanges is becoming more prominent due to the ascending positive sentiments.
• XRP appears to be largely unaffected by the ongoing bearish market sentiments as the prices continue to hold the crucial $0.39 levels.
The Ripple vs SEC lawsuit is in its final stages, with the verdict potentially being in favor of Ripple. With the increasing positive sentiment surrounding the case, the demand to relist XRP on exchanges is also growing. Despite the bearish market sentiment, XRP continues to hold its crucial $0.39 levels, which is a good sign for the crypto.
The latest hearing of the LBRY vs SEC lawsuit has brought fresh hope for the Ripple vs SEC case. John Deaton, XRP army representative in court, presented a strong argument due to which LBC tokens were declared ’not security‘ by the judge. This development has further boosted the positive sentiment surrounding the Ripple vs SEC case.
The XRP price has gained significant bullish momentum since the positive news emerged. Looking at the weekly chart of the XRP, the prices are showing a green trend, with the resistance being close to the support. If the price breaks the resistance, it is expected that a bullish trend in the form of Wave 3 will begin. A popular analyst known as ‚Dark Defender‘ has shared his views on the XRP chart, saying that if the price breaks the resistance at $0.42, it could see further gains in the coming days.
The crypto space is eagerly awaiting the verdict of the Ripple vs SEC case. With the increasing demand for XRP relisting, the verdict could be the deciding factor for the success of XRP in the market. Investors are hopeful that the verdict will be in favor of Ripple, which could mark the beginning of a new bull run for XRP.
• Whales have been showing increasing interest in Shiba Inu (SHIB) since the start of the bull market in 2023, but their interest has cooled down recently.
• The decrease in the number of SHIB tokens burnt on the network could be seen as a sign of declining network activity.
• The burn rate has returned to normal levels and SHIB is now trading above the three-month regression line.
The meme token Shiba Inu (SHIB) has been on an upswing in the past few months, thanks to the bull market in the cryptocurrency market. SHIB is the world’s second-largest meme token and its price has gone up by 3.6% in the past twenty-four hours. However, the past seven days have seen a decrease of 3.75% in its value.
The whales have been showing a significant amount of interest in the meme token since the beginning of the bull market. This has been a cause of concern for many retail investors as a sale of tokens by the whales could result in a precipitous decline in the price of the token. It seems that the whales’ interest in SHIB has cooled down recently.
On the 26th of January, there was a sharp decrease in the number of SHIB tokens that were burnt on the network. This could be seen as a sign of declining network activity, which is unfavorable to SHIB. Thankfully, the burn rate has now returned to the levels that we typically observe when the network is operating normally.
The SHIB token has failed to push through the protracted downward trend and made a U-turn at the three-month regression line. If the current trend on the market continues, the meme token will revert to the downward movement dynamic, at which point it could hit a new low. This is why it is important for the whales to keep their interest in SHIB alive.
Overall, the current state of SHIB is encouraging and it is likely that the token’s price will continue to go up in the near future. With the whales’ interest in the token staying steady, it is likely that SHIB will remain a popular meme token throughout the bull market.