USD1 stablecoin, an asset associated with World Liberty Financial (WFLI), is set to go multi-chain through its latest integration with Chainlink. Already tagged as the fastest stablecoin to grow from a $0 valuation to $2 billion, the new integration will help expand its reach to new users and institutions in the industry. USD1 has been making headlines recently amid a growing trend around stablecoin evolution in the United States. World Liberty Financial and the Chainlink Deal According to the announcement, the collaboration between both entities will see USD1 utilize the Chainlink Cross-Chain Interoperability Protocol (CCIP). Specifically, it will be used for secure data feeds and for bridging from one blockchain to another. Earlier this month, USD1 ranks as top 5 in the stablecoin world, a feat it achieved within months of its launch. The adoption of the token by both retail and institutional investors has seen it launch on top… Read More at Coingape.com
Amid the Bitcoin (BTC) price surge, an expert is making a strong case for investors to stack up XRP. The cryptocurrency researcher is hinging his argument on the low-hanging fruit of an XRP price rally to $8, driven by legal clarity and real-world use cases.
XRP Price Will Record A Stronger Rally Than BTC, Says Crypto Expert
As Bitcoin and the rest of the cryptocurrency markets surge in valuation, pundits are predicting a stronger performance for XRP. According to cryptocurrency analyst Ripple Van Winkle, XRP will record impressive returns over Bitcoin during the current market cycle.
Ripple Van Winkle notes in an X post that Bitcoin’s near-term price expectations sit at $200,000. While an impressive haul, the cryptocurrency analyst argued that the projected figure is only a 2x rally for Bitcoin.
On the other hand, the analyst notes that XRP’s current price of around $ 2.40 leaves room for a five-fold price increase. Conservative predictions for XRP price in this cycle hover around the $12 mark, with Ripple Van Winkle pitching his tent with the altcoin.
“Even a conservative $8-12 target means 3-5x returns,” said Ripple Van Winkle. “That’s the kind of gains that actually move the needle.”
An XRP price spurt in the near term is a possibility given a slew of factors. For starters, an SEC settlement agreement letter is poised to bring the long-running legal dispute to a close.
Ripple Van Winkle argues that the incoming legal clarity will be a game-changer, in addition to its low fees and lightning-fast transactions.
Ripple’s Token Indicates A Greater Upside For Investors Despite Paltry Prices
Bitcoin price has surged beyond $100,000, racking up nearly 8% in gains over the last week. Despite its rally, a string of macroeconomic factors like the India-Pakistan war threaten Bitcoin’s long-term rally.
On the flipside, XRP price is ranging around $2.30 after losing nearly 1% in 24 hours. However, investors are increasing the size of their bets amid the possibility of a US Strategic Reserve with XRP as a key cryptocurrency.
In more positive fundamentals, Missouri’s move to become a crypto tax haven reveals new upsides for the XRP price. Fresh government and institutional interest in XRP could send the asset on a rally that will dwarf Bitcoin’s gains in this cycle.
Ripple Labs is inching toward the acquisition of prime broker Hidden Road while submitting an ambitious bid for USDC issuer Circle.
“Bottom line: XRP will make you more $$ this cycle than Bitcoin at their current levels,” said Ripple Van Winkle.
Dogecoin (DOGE) price has reclaimed the $0.17 mark after a 6% rally overnight. This positive development is a result of China announcing it is open to negotiating a trade deal with the U.S. in Switzerland this weekend.
Dogecoin is on the verge of catalyzing a breakout from the falling wedge pattern. Additionally, DOGE’s bullish tailwinds, such as rising Dogecoin open interest and short liquidation risks, support the chances of a $0.20 breakout this week.
Dogecoin Price Jump Teases Wedge Breakout Rally
Dogecoin tries to witness a sudden turnaround after creating a 24-hour low near $0.1641. However, with a V-shaped reversal, Dogecoin makes a bullish comeback.
Trapped within a falling wedge pattern in the 4-hour chart, Dogecoin is making a positive turnaround within the pattern. The pattern has been formed over the past two weeks as the DOGE price trend contracts.
The swing lows, starting from April 2022, construct the lower boundary line, and the bullish peaks on April 26 and May 2 generate the resistance trend line.
At present, Dogecoin shows a bullish struggle to overcome the 200 EMA line close to the 61.80% Fibonacci level at $0.1729. With a higher price rejection, Dogecoin struggles to make its fourth consecutive bullish candle.
Nevertheless, the positive cycle has begun within the following wedge pattern, hinting at a potential retest of the overhead ceiling. The sudden recovery has limited the chances of a death cross event between the 50 and 200 EMA lines.
Furthermore, the MACD and signal lines have given a positive crossover, hinting at a trend reversal. The Dogecoin price prediction of the falling wedge breakout anticipates a jump to the $0.20 psychological mark.
Dogecoin Price Chart
Notably, the growing bullish sentiments around Dogecoin could extend the uptrend. The Fibonacci levels paint the next potential price targets at $0.2299 and $0.2673.
U.S.-China Trade Meet and Post-FOMC Clarity Could Pump DOGE Prices
The upcoming US-China meeting on Sunday to renegotiate the trade deals and high tariffs has boosted the sentiment in the US markets. This has fueled the recovery run in top altcoins, fueling the memecoin rally.
If the counterparties can renegotiate the trading terms, a recovery in global and crypto markets is possible. This might pump Dogecoin beyond the $0.20 mark. Furthermore, the broader market anticipates the FOMC meeting on May 7 to keep the federal rates unchanged.
This will likely result in short-term volatility spikes in the crypto market. However, once the market regains clarity, Dogecoin could regain strength.
DogeOS Funding Spurs Bullish Sentiment
Recently, DogeOS has gained funding of $6.9 million from Polychain. With the recent funding to DogeOS, the sentiment around the meme coin is surging back.
Historically, Dogecoin price trends reflect short-term spikes aligning with sentimental surges. Hence, this recent funding could help Dogecoin reach the $0.20 mark.
Short Liquidation Risks and Dogecoin Open Interest Rises
As Dogecoin gradually gains strength, the derivatives market is growing bullish on the meme coin. The DOGE open interest has increased by 1.45% to reach $1.69 billion. This reflects the increased traders’ interest in Dogecoin.
Furthermore, the open interest has increased to 0.0071%, signaling increased bullish sentiments. As bulls gradually dominate the derivatives field, the short liquidation risk grows in Dogecoin.
DOGE Liquidation Map
As per the DOGE exchange liquidation map, the meme coin could witness a massive short liquidation of $10.96 million if Dogecoin reaches $0.1755. This could pump the Dogecoin price and increase the risk of a $13.65 million liquidation at $0.1761.
Roswell, New Mexico, has made history by becoming the first city in the United States to adopt Bitcoin as part of its strategic financial reserves. This move marks a bold step toward integrating digital assets into public finance. By holding Bitcoin, the city aims to diversify its treasury and position itself for long-term financial strength. Roswell’s decision reflects growing interest in Bitcoin as a hedge against inflation and a modern store of value for municipalities.
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Roswell, New Mexico, has made history by becoming the first city in the United States to adopt Bitcoin as part of its strategic financial reserves. This move marks a bold step toward integrating digital assets into public finance. By holding Bitcoin, the city aims to diversify its treasury and position itself for long-term financial strength. …
