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Ripple: Why the Price Will Rise in the Next YearsCryptocurrencies have taken the financial world by storm in recent years, and Ripple (XRP) is one digital currency that has garnered significant attention. In this blog, we will explore some reasons why the price of Ripple could potentially rise in the next five years. 1. Increasing adoption by financial institutions: Ripple has formed partnerships with numerous major financial institutions worldwide, including banks and payment providers. These institutions utilize the RippleNet network and Ripple's technology to facilitate fast, efficient, and cost-effective cross-border payments. As the adoption of Ripple by financial institutions continues to grow, it can positively impact the demand for XRP and ultimately drive its price. 2. Potential for broader applications: While Ripple primarily focuses on cross-border payments, it also has the potential for other applications within the financial sector. Ripple's technology, for instance, can be used to make payments more efficient in other sectors such as the insurance industry or real estate market. If Ripple can expand its presence in these areas, it could have a positive effect on the value of XRP. 3. Increased liquidity and stability: One of the challenges cryptocurrencies face is price volatility. However, Ripple has taken several initiatives to increase the liquidity and stability of XRP. One example is the escrow system, where a predetermined amount of XRP coins are placed in escrow and released periodically. This can enhance confidence in XRP and promote price stability, making it more attractive to potential investors. 4. Regulatory progress: Regulation of cryptocurrencies is a significant focus for broader adoption. Ripple has actively collaborated with regulatory authorities and committed to transparency and compliance. As the regulatory environment surrounding cryptocurrencies evolves and provides clarity, it can create a favorable climate for Ripple and contribute to positive prospects for XRP. Conclusion: While predicting the price of any cryptocurrency carries uncertainties, there are several positive factors that could drive the price of Ripple upward in the next five years. Increasing adoption by financial institutions, potential for broader applications, increased liquidity and stability, as well as positive strides in regulation, are all factors that can elevate the demand for and value of XRP. However, it is essential to conduct thorough research and consider the inherent risks of investing in cryptocurrencies before making any decisions.
BITTREX:DOGEUSDLong
by Sharona_vf
DOGETime to shift your goal posts anon. With the Not A Security ruling today for XRP, market participants are extrapolating that other coins like DOGE are not securities either, which is adding fuel to the fire of the short squeezes already under way. This may be the inflection point we have been waiting for. If can continue closing above its Yearly Open then first quarter retracement of the whole move (.092) is within reason. Notice how mid of range from lows to first quarter retracement is at same approximate price as Yearly Open.
KRAKEN:DOGEUSDLong
by jhonnybrah
DOGE -BULLISH: BTC Halving, ALTS RotateHi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. Historically, Bitcoin has been the dominant player in the crypto market, accounting for the majority of trading volume and market capitalization. However in recent years, altcoins have begun to gain traction and there has been a growing trend of investors rotating their liquidity from Bitcoin into altcoins. Not to mention the fact that Mr. Elon Musk himself is always bullish on Dogecoin and this has resulted in increased adoption for the altcoin DOGEUSDT. The Bitcoin halving is an important factor to keep in mind in the coming months as this affects the rotation of liquidity between Bitcoin and altcoins. (The halving is an event that occurs every four years, when the reward for mining a new block is cut in half) . This reduces the supply of new Bitcoin entering the market, which can lead to an increase in price. If the Bitcoin halving leads to a significant increase in the price of Bitcoin, it is possible that some investors will rotate their liquidity out of altcoins and into Bitcoin (meaning that the price of alts will INCREASE up until the halving, where it will then exit alts and enter BTC market again). The next Bitcoin Halving is scheduled to take place around April or May of 2024. Order of the Rotation Based on the Market Cap of the Altcoin The order of the rotation of liquidity between Bitcoin and altcoins is typically based on the market capitalization of the altcoin . The largest altcoins, such as Ethereum, Litecoin, and Ripple, tend to see the most liquidity rotation, as investors move their capital into these assets in search of growth opportunities. As we have recent seen significant increases in Solana, Litecoin and ETH, we can now expect liquidity to rotate into the next class of alts with slightly smaller market caps then the previous class, including DOGE. These are some of the fundamental reasons on why I am bullish on DOGECOIN up until the point of the BTC halving next year. The technical reasons for my bullish sentiment have been discussed in the video, including Technical Indicators and Macro phase analysis. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _____________________ CRYPTOCAP:DOGE BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P OKX:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT BINANCE:DOGEBTC CRYPTOCAP:DOGE.D COINBASE:DOGEUSDT
BINANCE:DOGEUSDLong
by CryptoCheck-
19
Dogecoin Fib levelsDOGE/USD has clearly made a breakout the past few days. But how do you even make sense of the DOGE/USD charts since it has gone parabolic? It seems like no technical analysis is accurate anymore. Elon Musk's acquisition of Twitter, completed on Thursday, also included a $500 million commitment from crypto's largest trading platform Binance. I think the only chart that makes sense now is the DOGE 1 week chart with FibSMA levels 89, 144 & 233. Here's those Fib levels on the 1 week chart: FibSMA89 = .1676 FibSMA144 = .1059 FibSMA233 = .0667 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
BINANCE:DOGEUSD
by Options360
2
✴️ Dogecoin Ultra Bullish Signal Explained!The summer is here and Cryptocurrency always grows in the summer. Why does this happen? How does it work? Well my dear friends, when you are all in the computer, watching, working, ready to make money... You get the downside, red. When the year was starting and you had doubt, everything grew. As soon as you get adapted and ready to play, the market makers start to take profits and you get discouraged and leave the game. When the summer is up people go on vacations, after a long correction, you are ready to give up. The smart money, traders and whales are ready to buy everything up... While you relax on the beach, for us it is the time to work. It is a very complex game and it messes up with your nature, human psychology but we can win if we pay attention... Let's look at Dogecoin today! There is zero need to go into tons of indicators nor a million details, the market moves down and it moves up and what one does, the rest follows. June 2022 last year, everything hit a low. After this low everything produced a recovery rally... Now Dogecoin has been left behind compared to say Bitcoin, Ethereum and Litecoin but it is still trading within a higher low. There are tens of thousands of Altcoins and they can't all move at once. When a group rest, the other group moves ahead. Many pairs were crashing in November 2022, Dogecoin at this time had a bullish wave. While other pairs were undergoing a bullish wave earlier this year, Dogecoin was in long-term correction mode. Now everything matches, most of the Altcoins produced a major low around the 10-11 June... What follows is additional growth. Of course, if things change and support breaks, you would get a lower low but this wouldn't change the fact that after this low, the market resumes growing... The worst case scenario is a longer period of wait. That's why I enjoy trading spot... You buy each time prices drop, when red/low/support and then just wait. When the excitement starts to build up, when we reach the top of the bullish wave it is time to sell. You can sell short-term, mid-term or long-term... It is up to you, or you can do a mixture of these, that's the plan that you need to build before you trade. Do your own research and thanks a lot for your amazing and continued support. I love you so much. It has been one hell of a ride. A very long, hard, painful journey but truly packed with great people, enlightenment, growth! See you on the next one. Feel free to hit like and comment to show your support. Namaste.
CRYPTO:DOGEUSDLong
by AlanSantana
2