XRP’s Race To $1 Milestone – A Rollercoaster Journey Ahead As These Crypto Projects Gain Significance
Initially, after Ripple (XRP) won its trial against the SEC it seemed like $1 may even be a conservative estimation for how far it could pump before the end of the year. However, as is always the case with the crypto market you can never guarantee anything.
Market conditions have been bearish lately and XRP is stuck just above the $0.50 mark. It is not all doom and gloom market-wide because some ofthe best presales of 2023 are happening right now, With the likes of Wall Street Memes ($WSM), Sonik Coin (SONIK), Launchpad XYZ (LPX), and yPredict (YPRED) all showing great potential.
However, let's first take a look at XRP for the time and understand the5 trends that could help or block its route to $1.
5 Bearish Factors that will Hinder XRP on its Way to $1- As we mentioned in the first bullish point, Powell's speech in Wyoming will be crucial for the short and long-term price of XRP. If there are any indications that rates will be increased again, then expect XRP to plummet even more.
- Similar to the above, any sort of recession in the United States would, in the short-term, be very bad for the crypto market and XRP. In the long-term it may actually end up being good but the fallout for the market at the start would be very damaging. Bloomburg have already written that there is a 60% chance of a recession in the next 12 months so unfortunately this may be a reality soon.
- The SEC have just announced their attention launched an appeal over their case that lost against XRP. This comes at a bad time for the project given the bearish market conditions. If the appeal was successful it would be disastrous for the token and the price would likely fall through the floor.
- This is kind of related to the above point but the SEC's lawsuit's against Coinbase and Binance could affect their appeal and concurrently the price of XRP. If the SEC win their lawsuit it would then become much easier for the XRP verdict to be overturned.
- The last bullish point is the same as the last bearish one. We have no clue what way global events can shape the crypto market. Tighter regulation which limits the decentralized nature of the crypto market would of course have a negative knock of affect on the price of XRP.
Let's look at the current factors affecting the price of Ripple and why investors should be looking at potential new cryptocurrency presales and why you should consider investing in them instead.
Wall Street Memes - Final Chance to Buy Before Price ExplodesThe Wall Street Memes ($WSM) presale is coming to a close soon, with listings just over a month away. Amazingly the presale has raised well over $25 million but there are still investors pouring in to get $WSM at its final presale stage price.
This is likely because many expect the meme coin to pump once listings begin. Why? There are many reasons including the opportunity to stake which has just been added to the project.
The main reason is the popularity the Wall Street Memes brand already has. A favorite of crypto lovers, their various social media platforms have over 1 million combined followers. This reach makes $WSM a must-have for meme coin investors. Find out how to buy Wall Street Memes here.
>>>Visit Wall Street Memes Presale
Sonik Coin - This Meme Coin Has Set out to Break an Impressive RecordThere are many impressive things about the Sonik Coin (SONIK) project, but their ambition to be the fastest crypto project to reach a market cap of $100 million might be the most impressive.
Speed is the theme of the project as SONIk is based on SEGA's popular video game character Sonic the Hedgehog. Although speed is where the comparison ends.
SONIK is more of a bumbling version of its inspiration and if you check out the incredible original art on the token page you will know what you mean. Besides being a hilarious meme the project also has great utility which investors will love.
40% of the total allocation of coins has been set aside and already investors have started to stake. As it stands the APY for staked coins stands at around an incredible 110%.
Launchpad XYZ (LPX) has huge ambitions to onboard the next 10 million users onto Web 3.0 technology. They understand that a grasp of the technology is crucial if you wish to be successful in the crypto industry and have spotted a gap in the market for their site.
It gets even better from here, however. Once you are onboarded, their platform specializes in finding the next 10x trade for you to make.
They use Web 3.0 to their advantage to spot market trends, and if you sign up to their platform you will be able to as well. Just check out their site for examples of huge profits they have made from their recommendations already.
>>>Visit Launchpad XYZ Presale
yPredict- Utilizing the Top 1% of AI to Give Investors Trading AdviceSpeaking trading tips, yPredict (YPRED) might just be set to become the number-one trading advice platform. With just over $1 million to be raised before it meets its presale goal, investors are already lining up to use the site. In fact, over 20,000 future users are already on the waiting list.
Why are they so eager to use yPredict? Well, the fact that the top 1% of AI developers have been tasked with building the platform definitely helps. The reason yPredict can guarantee this is that they will be greatly incentivized by receiving 70% of every YPRED token as a fee.
These developers will be able to make even more cash by creating subscription models on their site so users can get every detail they need to beat the market.
So to finish up, I think it is fair to say that the best option right now in regards to XRP is to wait out these bearish market conditions by being patient. While you wait, the four tokens we mentioned above are going through presale and make for exciting investment opportunities.
Their low market caps at the time of writing also mean you have the best chance of striking gold if they pump later on.
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