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The Upcoming Collapse of USDT Theter - Thesis Binance and its CEO ‘CZ’ plead guilty to federal charges and agreed to pay $4.3B in fines. But that`s not all! The crypto market is facing increased scrutiny as part of an agreement between Binance's CEO, CZ, and the U.S. Securities and Exchange Commission (SEC). This agreement grants the SEC unprecedented access to Binance's comprehensive records, shedding light on various transactions, fraudulent activities, and instances of price manipulation linked to tether, which significantly influenced the surge in Bitcoin's value. Of particular interest to regulatory authorities is the revelation that CZ has agreed to provide the SEC with access to tether transactions, signaling a deeper investigation into the controversial stablecoin. Tether (USDT) has long been tethered to the value of the U.S. dollar, yet recent events have sparked concerns about its stability and transparency. What makes this development particularly noteworthy is the emerging focus on tether by U.S. agencies, who seem to be strategically positioning themselves to potentially replace it with Central Bank Digital Currencies (CBDCs). Unlike stablecoins such as USDT, CBDCs are issued and regulated directly by the central bank of a country, eliminating reliance on private entities or community-driven initiatives. As the SEC gains access to the intricate details of Binance's operations and tether transactions, the crypto community is left on edge, grappling with uncertainties regarding the future of stablecoins and their role in the broader financial landscape. The evolving narrative suggests a potential paradigm shift as regulatory bodies aim to instill confidence in the market through the adoption of government-backed digital currencies over privately issued stablecoins. The SEC's focus extends beyond Binance to specifically target USDT, with the intention of replacing it with Central Bank Digital Currencies (CBDCs) to assert control over all transactions. This strategic move is seen as a prerequisite for potential approval of an ETF in the future. Notably, Binance has been implicated in facilitating transactions linked to terrorist groups, including Hamas' Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida, and ISIS, as highlighted in a statement by Treasury Secretary Janet Yellen. Looking forward to read your opinion about it!
COINBASE:USDTUSDShort
by TopgOptions
1
My TOP10 project list - pick number 1/10 (new set up)Hello my friends, This was my first top 10 crypto pick back in November 1st 2023 ! I personally entered this trade on 25th September 2022 (at 0.015 cents) but felt sufficiently confident to publish it only 1 year later. It had a great run in April this year, it even touched 10 cents. However the best is yet to come. TODAY it has reached the same price level as 9 months ago (white circle) !! God or bad ? Now it is a great time to buy with a better risk reward level. From the 10 cents level, it has crashed all the way back to 0.023 cents. However the breakdown was recently confirmed as F A L S E breakdown (blue circle), similarly as it did in March 2024 before the run up. This is an extreemely bullish price action ! I personally think that we could see the 0.3186 level this year (which would be a 10 x from here). Not financial advice. It is just my personal view on the current set up.
WLong
by Dangermousebanana
4
XLM Stellar in 2024 (deep research)Stellar (XLM) Stellar is an open-source, peer-to-peer virtual currency network that first appeared in 2015 The network was founded by current chief architect Jed McCaleb, current chief scientist David Mazier, and former lawyer Joyce Kim, who has since left Stellar The network aims to make moving money across borders faster and easier, especially for those without access to traditional banking services. The Stellar blockchain is a distributed ledger used to transfer digital currencies. The primary token of the Stellar blockchain is XLM. The Stellar blockchain uses the Stellar Consensus Protocol (SCP), which is different from the proof-of-work mechanism used in Bitcoin. SCP allows for fast and inexpensive transactions and does not require mining, making it more energy efficient Stellar transactions are confirmed within 5 seconds Transaction costs are extremely low: the average transaction cost is a fraction of a US penny. The Stellar Development Fund was created to support the development and growth of the Stellar network. The goal of the fund is to promote global financial access, literacy, and inclusion. Stellar has a unique feature, Anchors, which are organizations that can hold deposits and make loans. This allows for a network of inputs and outputs for conversion between digital and traditional currencies Stellar is involved in various partnerships and projects to expand financial inclusion and improve cross-border payments For example, in January 2021, the Ministry of Digital Transformation of Ukraine announced its cooperation and collaboration with Stellar in the development of Ukraine's digital infrastructure. Roadmap The Stellar Development Foundation has published a strategic roadmap for 2023, focusing on three blocks to support and grow the Stellar network, ecosystem, and community: Block 1: Utility is an indicator of growth - this principle aims to attract more developers to the network by providing utility. By focusing on the dysfunctional elements of the current system, Stellar aims to highlight and address them through the network. This includes bringing top-notch assets. Into the network, expanding access through global ramps, and honing in on use cases. Block 2: Stellar - the network of choice - this block aims to make Stellar the standard for everyday financial services. The goal is to show that Stellar is a network that will not only survive but will set the standard in the industry. Block 3: Stellar for Developers - This block aims to support the growth of the Stellar ecosystem by providing a clear path for builders to develop solutions. Stellar aims to make it easier for developers to get online and support them in building real-world solutions. The roadmap also outlines a focus on expanding payments and remittances, leveraging the movement of digital value to provide financial services such as savings, loans, credit, and other transactions in a more accessible way. Stellar's goal is to make it easier for people to access financial services without creating the difficulties and challenges they face today. Team The Stellar team is highly regarded in the cryptocurrency space. They have a wealth of experience and expertise, and key figures such as Jed McCaleb, co-founder of Ripple, and Joyce Kim have been instrumental in the development and growth of Stellar. The team consists of more than 80 experts from various leading gaming fields, which is a testament to the diversity and high caliber of the employees. In addition, the team includes veterans from industry giants such as Binance, ConsenSys, Google, and Microsoft, further enhancing their credibility and expertise in the cryptocurrency space. Stellar has also partnered with major financial institutions and governments, such as the Ministry of Digital Transformation of Ukraine, to create an ecosystem of virtual assets and a national digital currency This is a testament to their extensive experience and strong reputation in the industry. Audit Stellar has been listed on the Cyberscope platform, which gives Stellar's due diligence score of 88%, indicating a very low-risk level. The security score is 71%, indicating a moderate level of security. Stellar's audit history is not provided in the search. results, but it is noted that Stellar has not been audited by CertiK Additionally, the Stellar Development Fund (SDF) announced the launch of an audited bank that will distribute up to $1 million in security audit credits in coordination with six top-tier audit firms This initiative aims to support the growth and security of the Stellar ecosystem by providing financial assistance for security audits of projects being built on the network. GitHub The project repository seems to be quite active. There were 1860 commits in April! This indicates a significant level of activity in the development and maintenance of the project. The project has an active community of developers contributing to various repositories. These include the core protocol, smart contracts, and multiple tools and resources for developers. The project has released new features and tools such as the Starlight wallet, which allows for private, instant and secure transactions This is a testament to the constant innovation and development of the project. Ecosystem The Stellar ecosystem has grown significantly, with many applications and projects coming online. These include: StellarX: An easy-to-use peer-to-peer trading platform for trading assets on the Stellar network. Stellarport: A web-based interface to access the Stellar network, allowing users to trade assets, send payments, and create tokens. Lobster: A mobile and web wallet for managing Stellar accounts and assets. StellarTerm: An open-source client for the Stellar network that allows users to access a decentralized exchange and manage their accounts. Stellar Lumens: The native digital currency of the Stellar network, used as an intermediate currency to facilitate transactions between different assets. According to the latest data, the total value of assets locked in the Stellar ecosystem is $9.84 million. The high TVL indicates that a significant number of investors uses the protocol and that it has a high level of liquidity TVL in the Stellar ecosystem is a testament to the growing interest and confidence in DeFi's capabilities on the network As the Stellar ecosystem continues to expand, TVL can be expected to continue to grow, reflecting the growing popularity and utility of the network. Stellar has also made significant strides in smart contracts in recent years with the introduction of Soroban Soroban is a smart contracts platform on Stellar that allows developers to create, deploy and interact with decentralized applications (dapps) on the network The Stellar Development Fund has committed $100 million to the Soroban Adoption Fund to incentivize the development of projects that leverage the network's smart contract capabilities According to the latest data, 466 projects are active on the Stellar network, demonstrating the versatility of the platform and its potential to revolutionize the way financial transactions are conducted. Tokenization Tokenization is the process of representing real world assets (RWAs) or financial products as digital assets on the blockchain It is a key feature of the Stellar blockchain network, allowing any developer or enterprise to issue assets on the platform The Stellar blockchain is designed to support the tokenization of assets, including fiat currencies and securities, in a secure and simple way This enables the creation of digital representations of real-world backed assets, which can then be moved around the world around the clock, quickly and at low cost Below are RWA's market capitalization statistics across various networks. The process of tokenizing an asset on the Stellar network involves four main steps: 1 Creation of the issuing account: The first step is to create an account on the Stellar network that will be used to issue the asset. 2 Creating a distribution account: Next, a separate account is created to hold the issued asset. 3 Add a trust line for the asset to the distribution account: The trust line is a record of the asset and the maximum amount of that asset that the account is willing to hold This step ensures that the distribution account can receive and store the newly issued asset. 4 Transferring the asset from the issuing account to the distribution account: The last step is to transfer the asset from the issuing account to the distribution account. Stellar's built-in software features allow for asset control, which means issuers can limit the use of an asset and who can own it by setting various configuration flags This provides a high level of flexibility and control for asset issuers. Tokenizing assets on the Stellar network provides several benefits: Reduced record keeping: Issuers can reduce the number of internal sources for record keeping by using the blockchain as the primary source of truth for non-PII data. Increased market access: Issuers can expand their markets by offering their assets to the ins and outs and wallets built on the Stellar network. Instant settlement: The Stellar network provides instant settlement 24/7, reducing the cost of processing financial transactions. Interchangeability: Assets created on the Stellar network are interoperable with the rest of the digital asset ecosystem. Low cost: The Stellar blockchain is known for its low transaction costs, making it an attractive choice for asset tokenization. Tokenization on the Stellar network thus enables the creation of digital representations of real-world assets, providing a secure, efficient and cost-effective way to transfer and manage assets on the blockchain. Bridges One of the most notable bridges is Allbridge, which provides interoperability between Stellar and several other leading blockchains, including Ethereum, Solana, Polygon and Celo This bridge allows users to transfer assets between these networks, utilizing the unique features of each blockchain and enjoying the fast and inexpensive transactions that Stellar is known for Allbridge's integration with Stellar was made possible through a partnership with Ultra Stellar, a key player in the Stellar ecosystem An example of how Allbridge works: Another significant development in Stellar interoperability was the introduction of Spacewalk, a trust-minimized bridge between Stellar and the Polkadot/Kusama ecosystems Spacewalk enables the transfer of stable tokens from the Stellar network to the Polkadot/Kusama ecosystems, opening up new opportunities for users to access a wide range of DeFi services The Stellar Development Foundation (SDF) also launched the Stellar Bridge Bounty Program, which supports the development of cross-chain solutions on the Stellar network This program has led to the creation of innovative bridge solutions such as Starbridge, which aims to create a robust integration between Stellar and Ethereum. These bridging and interoperability solutions are critical to the growth and proliferation of the Stellar network, as they enable users to access a wider range of assets and services while taking advantage of Stellar's fast and low-cost transactions As the Stellar ecosystem expands, we can expect to see further developments in bridging and interoperability, further increasing the utility and reach of the network The need for bridges in the race to tokenize real world assets underscores the importance of seamless integration and interoperability in the financial ecosystem By enabling asset transfer between different blockchain networks, bridges play a critical role in facilitating tokenization of real-world assets, which is expected to unlock significant value and create new opportunities for investors and businesses alike As the demand for tokenized assets continues to grow, the design and implementation of bridges will play an important role in meeting this demand and enabling efficient and secure asset transfers between different blockchain networks. Conclusion Stellar is a truly outstanding project with a vibrant ecosystem with a significant number of projects and a wide range of opportunities Fast and inexpensive transactions, energy efficiency, and a focus on financial inclusion make it attractive to both developers and users Support for tokenization of real assets further extends the network's capabilities by enabling digital representations of a wide range of financial instruments The development of bridges and interoperability solutions on the Stellar network demonstrates its commitment to creating a more interconnected and accessible financial ecosystem These bridges enable seamless integration with other blockchain networks, extending the reach and utility of the Stellar network and making it an ideal platform for cross-border payments and tokenization of real-world assets. All of the above factors point to the significant development of the Stellar project, as well as the price of XLM The growing interest in the network and its adoption, as evidenced by the increasing number of TVLs and the development of bridging, interoperability solutions, suggest a large growth of XLM While it is difficult to predict specific news or events that will trigger the price to rise and get out of accumulation, I have already started accumulating XLM in my portfolio You can familiarize yourself with it at the link below the chart. Best regards EXCAVO
Editors' picks
CRYPTO:XLMUSDLong
by EXCAVO
50
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability. However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000. This move is expected to be followed by a retest of the completed Outer Coin Rally 47500, which would signify a noteworthy milestone for Bitcoin's upward momentum. In case of a downside, the coin may retest a Mean Sup 42000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook: Bitcoin has surged past January 2, 2024, completing the Inner Coin Rally 45900 and, as a result, also topping our designated Next #1 Outer Coin Rally 47500. In addition, Bitcoin has retraced back to our target Mean Sup 42800 after completing a pivotal squeeze, as shown in last week's chart analysis. Currently, it is regaining its lost ground by revisiting the newly-created Mean Res 47000 and extending beyond it.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 22, 2023Technical Analysis and Outlook: Throughout this week's trading session, Bitcoin has been trading within a Mean Sup 41200 and completed Outer Coin Rally 44500. This range has created a level of stability in the market and has allowed for some downturn in the short term: the intermediate down target is the robust Mean Sup 42300. This is a crucial level for traders to watch, representing a solid support level for Bitcoin. Overall, Bitcoin is projected to revisit the completed Outer Coin Rally 44500 and continue the upward trajectory as specified on the chart.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 15, 2023Technical Analysis and Outlook: Throughout this week's trading session, Bitcoin has been trading within a specific range, defined by two fundamental values: the Completed Outer Coin Rally 44500 and Mean Res 44100. This range has created a level of stability in the market and has allowed for some predictability in the short term. The market is on an upward trend that is expected to continue. Bitcoin is projected to reach the newly established intermediary Mean Res 43100 and surpass it in the coming days. In a downturn, the intermediate target is the robust Mean Sup 41200. This is a crucial level for traders to watch, representing a solid support level for Bitcoin.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500. The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.
BITSTAMP:BTCUSD
by TradeSelecter
Exploring the Impact of CBDC on Forex Trading in CanadaI am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada. As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the concerns raised by these traders and shed light on how the implementation of CBDC could potentially affect their trading strategies, market liquidity, and overall dynamics of the forex market. Forex traders have expressed several apprehensions regarding the introduction of CBDC. Firstly, they are concerned about the potential disruption to their trading strategies. Since CBDC would be a digital representation of the national currency, traders fear that its introduction could alter the existing forex market dynamics, making their current strategies less effective or even obsolete. Moreover, market liquidity is another aspect that traders are closely monitoring. The introduction of CBDC could potentially impact the liquidity of the forex market, as it may attract a significant portion of trading volume towards this new digital currency. This shift in liquidity could have implications for traders who rely on the current market conditions and liquidity levels to execute their trades effectively. Furthermore, the overall dynamics of the forex market might experience some changes with the introduction of CBDC. Traders are concerned about potential shifts in exchange rates, volatility, and the relationship between different currency pairs. These changes could create uncertainties and challenges for traders who have built their strategies based on the existing market dynamics. In conclusion, the potential implications of CBDC on forex trading in Canada have raised valid concerns among traders. The impact on trading strategies, market liquidity, and overall forex market dynamics are critical factors that need to be carefully considered. Understanding these concerns and their potential consequences is crucial for traders and policymakers alike. cointelegraph.com
CME_MINI:MCD1!
by bryandowningqln
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it. On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market. On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.
BITSTAMP:BTCUSD
by TradeSelecter
Quant preparing for a 47x!After correctly giving you the Bitcoin and Chainlink bottom, I think it's time to look at some other alt coin opportunities. One project I'm definitely bullish on is Quant Network: $QNT. Very low max supply of around 14M coins, no inflation but above all currently heavily involved in Project Rosalind, a joint experimentation of the Bank of England and The Bank for International Settlements (which is the central bank of central banks). Besides that, involved in the Latin American Dollar and the Digital Euro. Founder Gilbert Verdian is a veteran in cybersecurity (ex-Mastercard, HM Treasury, HSBC and more) and blockchain standards already since around 2015 and founded ISO Standard TC307. Fundamentally solid although they're working in space packed with NDA's so I don't expect news anytime soon. Yet, Quant is looking to be the standard gateway for banks to connect their old infrastructure to the cryptoecosystem and CBDC's - whether you're a fan or not of these digital currencies - I rather make a buck on them if they're coming anyway. Market cap chart of QNT looks the cleanest, and it looks like it's coiling up to pump to the next fib level at 3.618 during the next bull run - which equals a 47x from here. Check Quant out and decide yourself whether it's interesting or not. Good luck!
QLong
by cryptobullethbtcxlm
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook: The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.
BITSTAMP:BTCUSD
by TradeSelecter
Ripple's Resilience and Ambition: An In-Depth Look at XRP's caseOver the past few weeks, Ripple, the company behind the native token XRP, has been making waves in the cryptocurrency landscape. The convergence of several key developments has provided a bullish momentum for the company, strengthening its position and offerings in the digital asset arena. This article aims to dissect these significant developments and their potential ramifications. 1. Ripple Acquires Metaco: Expanding its Digital Asset Custody Capabilities In a strategic move that underscores its commitment to growth and innovation in the digital asset space, Ripple acquired Swiss custody startup, Metaco for $250 million. Renowned for its secure digital asset management expertise across various applications, including blockchain technology, Metaco's incorporation into Ripple's operations promises to enrich its product offerings. This acquisition positions Ripple as an even more attractive option to financial institutions and individual users seeking comprehensive solutions for digital asset management. 2. Ripple Acquires Minority Stake in Bitstamp Ripple has recently acquired a minority stake in Bitstamp, one of the oldest cryptocurrency exchanges, previously owned by Pantera Capital. The specifics of the transaction remain undisclosed, but the move reflects Ripple's intent to expand its global presence and diversify beyond payments. This strategic investment strengthens Ripple's long-standing relationship with Bitstamp, which has served as a gateway for Ripple's XRP token. 3. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platform As countries worldwide show heightened interest in developing their digital currencies, Ripple has launched a dedicated platform for Central Bank Digital Currencies (CBDCs). This innovative platform, built on a new private ledger that harnesses the power of the XRP Ledger, offers an end-to-end solution to central banks, governments, and financial institutions seeking to issue and manage their digital currencies. Ripple's CBDC Platform brings several advantages: ledger technology, issuer, operator, and end-user wallets are all part of the package. This comprehensive solution simplifies issuing and managing digital currencies, positioning Ripple as a critical partner for institutions venturing into CBDCs. 4. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platformament to Ripple's Technological Prowess Ripple's commitment to the CBDC space has been further reinforced with its inclusion in the Hong Kong e-HKD Pilot Program. As the only representative from the crypto sector, Ripple will leverage its extensive knowledge and experience in the settlement of tokenized assets. This involvement validates Ripple's technological capabilities and provides a real-world testing ground for its CBDC platform, potentially paving the way for future partnerships with central banks and governments. 5. SEC Court Rulings Favor Ripple: A Potential Game Changer Recent court rulings have increasingly favored Ripple in the ongoing legal dispute between Ripple and the SEC, possibly setting a precedent for future cryptocurrency regulations. Central to the case is the Hinman letter, named after former SEC official William Hinman, who suggested in a 2018 speech that Ethereum should not be classified as a security. Ripple has sought public access to related internal SEC documents, believing they could support their defense that XRP, like Ethereum, isn't a security. On May 16, 2023, the court ordered these documents to be unsealed by June 13, 2023. Ripple's legal commitment, demonstrated by its projected $200 million in legal expenditures and recent victories and contradictions in SEC statements, may bolster its case that XRP is a digital currency, not a security. Despite the uncertainty surrounding the case's outcome, a win for Ripple could have far-reaching implications for the cryptocurrency industry. It could help solidify XRP's legal status in the US market. Summary and price action Ripple has proven its resilience and ambition through strategic initiatives, court victories, and partnerships. These developments, from acquiring Metaco and launching a CBDC platform to winning key court rulings and participating in Hong Kong's e-HKD Pilot Program, illustrate Ripple's potential to shape the future of digital currencies. The recent acquisition of a stake in Bitstamp further highlights Ripple's commitment to expanding its influence in the global cryptocurrency space. With these recent developments, Ripple strategically positions itself at the forefront of the rapidly evolving digital asset industry. XRP has outperformed the entire market since the November 2021 peak, as it was one of the few tokens/coins that hadn't pumped much compared to the rest. In November 2020, XRP got hit by the SEC lawsuit and was delisted by all US exchanges, while most other coins remained on these platforms. Now Ripple is close to potentially even winning its case against the SEC, with some essential information coming out today, while the rest of the market is just starting to deal with the SEC. As seen by XRPUSD and XRPBTC, it looks like the chart is a massive accumulation base that is ready to explode higher. It seems like the market knows something and is anticipating a positive outcome from the court case. The SEC may lose many of its issues (against Ripple, Grayscale, and Coinbase), and these could boost the market massively. So even if Ripple loses this case, more fights could turn things around for XRP and the entire crypto market. Again, as XRP doesn't have to deal with delistings and is ahead of the curve, it is less risky than other coins/tokens, which might have a different fate.
CRYPTO:XRPUSDLong
by BitcoinMacro