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XRP price trades at $3.15 today, July 30, with a 0.22% decline. This small drop is a continuation of the coin’s choppy movements. Still, whales are not jumping ship, and they have opened more than $25 million worth of longs ahead of a White House crypto policy report on July 30. XRP Price Forecast as
The post XRP Price Forecast as Whales Open $25M Longs Ahead of July 30 Crypto Policy Report- Bulls Eye $5.9 Next appeared first on CoinGape.
Crypto.com:- In a big move by the leading crypto Exchange, Crypto.com, it has announced a new copy trading feature – the Whales Basket for its Stocks & ETF trading segment. Launched exclusively in the US, the feature will allow its users and investors to mimic the strategies of legendary traders. Making the announcement via X post,
The post Crypto.com Launches ‘Whale Basket’ Feature to Mirror Buffett-Like Investment Strategy appeared first on CoinGape.
MOODENG, the Solana-based meme coin, has recently experienced an incredible 700% surge in price over the past week. This jump has positioned it as one of the top-performing tokens, and the growth is expected to continue as the market embraces the meme coin.
With momentum building, MOODENG is well on its way to potentially reaching a new all-time high (ATH).
The surge in MOODENG’s price is driven by organic demand, as indicated by the Open Interest (OI) data. Over the past week, traders have poured $324 million into the meme coin, pushing the OI from $18 million to $342 million. This 1,800% increase in OI suggests a strong market interest, with demand for MOODENG extending beyond its spot market performance.
In the futures market, the strong interest in MOODENG also points to growing optimism around the token. With $324 million flowing into the futures contracts, it’s evident that traders are betting on the meme coin’s success.
Data from Holderscan shows that MOODENG’s holder base has expanded significantly, now reaching 75,000 holders. Interestingly, the distribution of assets among holders with less than $10 worth of the token has surged from 17% to 33% in the last ten days.
This shift indicates that smaller retail investors are now actively buying MOODENG, further boosting its market presence. This growing number of smaller holders suggests that MOODENG is gaining traction among institutional investors and with retail participants who see potential for substantial gains.
MOODENG’s price has shot up by 703% in the past week, currently trading at $0.305, just below the resistance of $0.355. The recent rally has positioned the coin near its ATH, and breaking through the $0.355 resistance could open the door for further price appreciation.
If MOODENG manages to breach the $0.355 barrier and flip it into support, it could surge past its previous ATH of $0.700. The continuation of the bullish trend would likely push the price even higher, solidifying MOODENG’s position as a major meme coin in the market.
However, if MOODENG fails to break through the $0.355 resistance, a decline is possible. In this scenario, the meme coin’s price could fall back to $0.180 or even lower if profit-taking increases among investors. This would invalidate the current bullish outlook and prompt a correction in price.
The post Solana Meme Coin MOODENG Rallies 700% in a Week, Aims For New All-Time High appeared first on BeInCrypto.
The post XRP Lawsuit News: Can The SEC Vote To Continue Appeals Process In Ripple Case? appeared first on Coinpedia Fintech News
There’s a lot of confusion floating around the internet about the ongoing Ripple vs SEC case, with some posts claiming the SEC has already dropped its appeal against Ripple. However, the facts tell a different story.
To set the record straight: a judgment has already been made, and Ripple has decided to drop its cross-appeal. But as for the SEC’s appeal, it hasn’t officially been dismissed yet. Former SEC lawyer Marc Fagel clarified that both parties still need to file formal paperwork to dismiss their appeals. While it seems certain this will happen, the SEC is still going through its internal approval process.
When a social media user asked whether there’s a chance the SEC might vote to continue its appeal, Fagel explained that the SEC had already agreed to dismiss it as part of a prior settlement plan, though that plan was contingent on the court vacating an injunction, which didn’t happen. Now, there’s no reason for the SEC not to move ahead with dropping the appeal outright.
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Once the SEC completes its internal vote, both the SEC and Ripple will jointly file papers to officially end the appeals. At that point, the district court’s judgment will take full effect, and this long-running legal chapter will finally close.
This clarification follows Ripple CEO Brad Garlinghouse’s recent statement, where he announced, “Ripple is dropping our cross-appeal, and the SEC is expected to drop theirs, as they’ve previously said. We’re closing this chapter once and for all and focusing on what’s most important — building the Internet of Value.”
Until the formal paperwork is filed, the appeals process technically remains open, though all signs point to its official end in the coming weeks.
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The SEC sued Ripple in December 2020, alleging that XRP was an unregistered security. A judge ruled in July 2023 that XRP itself is not a security when sold on exchanges, but institutional sales did violate securities laws. Ripple recently decided to drop its cross-appeal, and the SEC is expected to follow suit, aiming to close the long-running legal battle.
The outlook for XRP’s value after the lawsuit’s expected resolution is cautiously optimistic. Many anticipate a significant price surge once the legal cloud is fully lifted, potentially due to increased institutional investment, new partnerships, and even the possibility of a spot XRP ETF, with some analysts predicting targets up to $5.81 or higher.
The post XRP Lawsuit News: Can The SEC Vote To Continue Appeals Process In Ripple Case? appeared first on Coinpedia Fintech News
There’s a lot of confusion floating around the internet about the ongoing Ripple vs SEC case, with some posts claiming the SEC has already dropped its appeal against Ripple. However, the facts tell a different story. To set the record straight: a judgment has already been made, and Ripple has decided to drop its cross-appeal. …