The paused partnership was tied to Nvidia’s Ignition AI Accelerator, part of the company’s broader Inception Program that supports AI startups. Arbitrum was poised to be a flagship partner—until Nvidia reportedly stepped back without explanation.
This isn’t new territory. Nvidia’s top executives have publicly dismissed crypto’s value.
In 2023, CTO Michael Kagan stated, “Crypto doesn’t bring anything useful for society,” echoing the sentiment of CEO Jensen Huang.
Their stance has translated into company policy, with Nvidia consistently excluding crypto startups from key initiatives.
Nvidia’s skepticism is rooted in past experience. The 2018 ICO crash left the company with excess GPU inventory and resulted in a $5.5 million fine for underreporting crypto-linked revenue. Since then, the chipmaker has maintained a cautious distance from the blockchain sector.
AI First: Nvidia’s Clear Focus
While Nvidia distances itself from crypto, it continues to champion AI. Executives have repeatedly praised AI’s potential to transform industries and society, with no similar enthusiasm for blockchain. Notably, Nvidia still welcomes AI startups—even if their founders have ties to the crypto world.
Nvidia’s latest move with Arbitrum signals no shift in its stance. For now, the door remains closed to crypto, regardless of how deeply blockchain and AI may intertwine in the future.
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XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves.
In parallel, StratoVM ($SVM) had a 347% increase, and as Bitcoin’s DeFi sector grows, StratoVM could help bring smart contracts, AI, and faster transactions to the network.
Here’s a closer look at what’s going on with both projects.
Will XRP Rebound to $30 After a Drop to $1?
XRP’s price could be in for a dramatic swing. Market expert Ali Martinez warns that if XRP falls below the critical $2 support level, it could tumble by 40%, which would drag its value down to $1. Others share this concern and emphasize that holding above $2 is crucial to prevent a deeper sell-off.
Despite the bearish outlook in the short term, some experts are optimistic. EGRAG CRYPTO believes the token could surge to $30 by May 2025 and cites historical trends and technical patterns. He compares the current market setup to 2017, when XRP consolidated before skyrocketing in price.
One of the key reasons behind this bullish prediction is XRP’s recent inclusion in strategic reserves.
Investors now face a crucial period of uncertainty. If XRP loses its key support, it could drop significantly. But if history repeats itself, a major rebound could happen.
As of today, XRP is trading at around $2.48, up 4.5% in the last 24 hours. Trading volume has been strong, reaching approximately $9.84 billion over the same period.
StratoVM ($SVM): The Breakthrough Layer-2 That Could Transform Bitcoin Beyond Just Digital Gold
Bitcoin is the go-to asset for storing value, often compared to digital gold. But when it comes to smart contracts, DeFi, and AI applications, it lags behind faster blockchains like Ethereum and Solana.
That’s where StratoVM ($SVM) could come in—a Layer-2 solution designed to potentially tap into Bitcoin’s potential beyond just being a store of value.
Unlike Ethereum, which powers countless decentralized apps and financial tools, Bitcoin’s functionality has been limited. StratoVM might be able to change that by making Bitcoin transactions faster, integrating DeFi, and enabling AI-powered applications.
SVM’s price has grown over 347% in the last week, hitting $0.2217, according to CoinGecko. Yet, despite this massive jump, its market cap is still at $3.7 million—small compared to projects like CoreDAO ($990 million). This means there’s still a lot of room for growth if more people start using it.
SVM 7-day chart, Source: CoinGecko
Meanwhile, Bitcoin’s DeFi sector (BTCFi) is exploding. In just a year, the total value locked (TVL) in Bitcoin-based DeFi projects has skyrocketed from $307 million to $5.85 billion, according to DefiLlama. With that kind of momentum, demand for Layer-2 solutions like StratoVM could soar.
StratoVM is already gaining traction—it’s listed on Uniswap, and rumors are circling about a centralized exchange (CEX) listing. The project’s testnet is active, with 113,000 wallets and 56,000 daily transactions.
If StratoVM achieves its goal, Bitcoin could break past its traditional role and step into DeFi, smart contracts, and AI.
Final Thoughts
XRP’s next move is uncertain—some expect a drop to $1, while others see a rally to $30. Either way, it’s a crucial time for investors.
Meanwhile, StratoVM ($SVM) seems to be gaining momentum and showing that Bitcoin can do more than just store value. If it keeps growing, it could help Bitcoin compete in DeFi, smart contracts, and AI.
Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.
The post XRP News Today: Expert Says XRP Could Drop To 1$ Amid Market Dump And Then Rally to 30$ Ahead of Strategic Reserve appeared first on Coinpedia Fintech News
XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves. In parallel, StratoVM ($SVM) had a 347% increase, …
Pepe Coin (PEPE) price trades at $0.00001399 and is down by 3.19% today. This drop coincides with Bitcoin’s intraday pullback, risking a $102k breakdown. With whale transactions spiking 257%, PEPE price top could be in sight. Will this sell signal lead to a 25% crash in the near term?
Slowdown in Bitcoin Warns Market-wide Pullback
At present, Bitcoin price is up by 1.15% at $103,814 today as the struggle continues to overcome the $104k peak. The BTC price at a low-volume zone warns of a pullback to the $102k high-volume zone. If the bitcoin price crashes below the $102k, a potential sustained drop into the $102.6k-$93.1k zone is likely, where BTC could consolidate for weeks. This drop in Bitcoin could influence Pepe Coin and other altcoins.
During consolidation, the downside risk to $93.1k will lead to a broader market correction, especially for highly volatile meme coins. Hence, with a weakening in the market leader, PEPE’s price could witness a pullback in the weeks to come.
Are Whales Selling Off Before an Incoming Crash?
Following a strong bull run last week, a surge in Pepe whale transactions warns of a cycle top coming for PEPE. A surge in whale transactions following a rally typically signals a top formation, while a spike after a correction often translates to potential bottom. Historically, the peaks in whale transaction counts are a bellwether to a potential top formation after a bullish trend, as seen during May, November, and December of 2024.
Transaction Count by Size
Based on IntoTheBlock’s data, the transaction count of more than $1ook in value peaked at 720 on May 12, coinciding with the Pepe Coin’s peak at $0.000015. Generally, the peaks are formed with transactions crossing the 800 mark, signaling profit booking by whales.
Pepe Coin Price Analysis Warns of Double Top Breakdown
Pepe Coin price jumped 100% from $0.0000075 to $0.000015 between May 6 and May 12. However, the meme coin fails to cross the $0.000015 psychological resistance, resulting in a sideways shift with $0.00001274 as baseline.
The consolidation results in two peaks, hinting at a double top reversal with a 7.42% drop. To complete the bearish pattern, PEPE price must drop to the $0.00001274 neckline and break the short-term support trendline at $0.00001274. A four-hour candlestick close under the $0.00001274 neckline is mandatory for a decisive breakdown. In such a case, the double-bottom pattern forecasts a 25% crash to $0.00001063, calculated by adding the double top’s height to the neckline.
The Relative Strength Index (RSI) line shows bearish divergence as it declines from the overbought zone to the halfway line during PEPE’s uptrend. Furthermore, the MACD and signal lines fall after a negative crossover, suggesting a surge in underlying bearishness.
Pepe Coin price chart
If the Pepe Coin price bounces back to violate the $0.000015 ceiling, the double top pattern will be nullified. According to Fibonacci levels, the 23.60% level overlaps with $0.000015 and targets $0.00001792 as immediate resistance if the trend flips, aligning with the Pepe price prediction.
Is Blind Optimism Behind 72% of Binance Traders Holding PEPE Longs?
Despite the short-term pause in the PEPE price rally, heightened optimism in futures contracts anticipates an uptrend continuation. The Open Interest (OI) at $583 million sustains a near record-high level at $583 million, signalling strong traders’ interest.
PEPE Futures Open Interest (USD)
Additionally, as optimism reaches dangerous levels, 72% of PEPE traders on Binance hold a long position. This surges the Long/Short ratio to 2.57, signalling a strong bullish inclination.
Binance PEPEUSDT Long/Short (Accounts)
Despite the retail optimism, the recent 720 transactions peak bolsters the double top reversal to the $0.00001063 level. Hence, the on-chain and technical signal warns of a potential long-liquidation spike as OI nears $600 million.
Crypto giants Ripple and Circle are again in the spotlight, with rumors of a $20 billion deal surfacing after a $5 billion agreement failed to materialize. Experts are divided on whether Ripple will go all out to acquire the stablecoin issuer, with some considering the $20 billion deal too unrealistic.
This article examines the likelihood of Ripple’s $20 billion bid for Circle and its potential impact on the XRP ecosystem.
Will Ripple Buy Circle for $20B?
In the latest development within the XRP community, all eyes are on Ripple’s escalating efforts to acquire Circle, a move that could solidify its position in the stablecoin market. Ripple is said to be pushing forward with a new $20 billion proposal, following the collapse of its $5 billion Circle deal. While Ripple remains tight-lipped about its Circle acquisition plans, expert insights from Scott Melker (The Wolf Of All Streets) suggest CEO Brad Garlinghouse might be considering a substantial bid increase.
Community Questions the Alleged ‘Unrealistic’ Circle Bid
Despite increasing speculations of Ripple’s potential $20 billion Circle purchase, many question the viability of the deal. For instance, industry expert Dom Kwok suggested that the XRP platform’s final offer for Circle will likely fall within the range of $6 billion to $6.5 billion. His estimation is based on the typical acquisition premium, which is the amount a buyer pays above the target company’s valuation to incentivize the sale. This premium usually ranges from 20% to 30%.
Assuming that Circle’s valuation is around $5 billion, the expert asserted that a 20% premium would put the offer at $6 billion, while a 30% premium would put it at $6.5 billion. With this detailed analysis, the expert dismisses the rumors surrounding Ripple’s potential purchase of the USDT issuer for a whopping $20 billion.
Amidst these speculations, XRP lawyer John Deaton has brought up an interesting angle regarding the deal. The XRP attorney underscored the possibility of a “bidding war” between Ripple and Coinbase, a top crypto exchange, which already holds a minority stake in the stablecoin issuer.
However, if Ripple finally acquires Circle, one of the largest stablecoin issuers, it could be a game-changer for the former.
