VeChain witnessed a remarkable price increase of over 30% within the past 24 hours, reaching a notable price point of $0.04522. This surge resulted in a corresponding rise in its market capitalization and trading volume, emphasizing the growing demand for its tokens.

These developments suggest a shift in market sentiment towards VeChain, potentially driven by growing confidence in its underlying technology and long-term prospects.

Read Also: Ben Armstrong (Bitboy) Says He’s Bullish On VeChain (VET). Here’s why

Anticipation Builds Around VeChain’s Upcoming Announcement

A significant factor contributing to the enthusiasm surrounding VeChain (VET) is the protocol’s tease of a major announcement set for the MWC (Mobile World Congress) 2024 Event in Barcelona.

They made this known in a post on X. Although specifics of the announcement remain under wraps, VeChain’s ambition to pioneer sustainability in blockchain technology has sparked widespread anticipation.

At the event in Barcelona , we'll share a major announcement about how we intend to build Better with blockchain technology. $VET

— vechain (@vechainofficial) February 14, 2024

The blockchain protocol, known for its focus on enterprise-grade solutions, has consistently placed itself at the forefront of the sustainability and carbon reduction revolution. This upcoming announcement will further cement VeChain’s role in advancing these critical global initiatives.

VeChain’s Strategic Partnerships and Market Position

VeChain’s journey to its current market standing has been marked by strategic partnerships, such as its collaboration with the global consulting giant BCG. These alliances have been crucial in expanding the reach and impact of VeChain’s unique solutions to enhance sustainability.

In a post on X, VeChain Foundation made known its alignment with some of the biggest names in the world of technology and its plan to unveil its latest suite of products at the MWC 2024.

An X user, RWR (@RReels), expressed his patience and anticipation of VeChain’s partnership with major industry players; he said, “Some of us have been here for years. waiting patiently…  Big names to us mean Google, Microsoft, Apple, etc.  Just saying.”

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Read Also: Coinbase Adds VeChain (VET) and VeThor (VTHO) to its Roadmap, Listing Likely Underway

VeChain’s remarkable performance in the current bullish cryptocurrency market and its forward-looking initiatives and strategic partnerships paint a promising picture for its future. The asset has already recorded a 56% increase over the trailing 7-day period, laying a solid foundation for its journey towards new heights.

As the digital currency ecosystem continues to evolve, VeChain’s focus on sustainability and technological innovation positions it as a key player to watch in the unfolding narrative of blockchain’s role in driving global change.

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Ducati Joins Forces with Web3Pro and XRP Ledger to Launch NFT Collections 

In collaboration with Web3Pro and XRP Ledger, Ducati is joining the ranks of companies embracing NFTs (Non-Fungible Tokens) and diving headfirst into the realm of web3. The initiative aims to showcase the captivating journey of Ducati and offer enthusiasts an immersive experience through digital collectibles.

Collectibles. Community. Experiences. Ducati enters the #Web3 world with @Web3Pro_ & @Ripple, showcasing Ducati's past, present and future.

Registration goes live July 26. Join the waitlist now to stay in the know at https://t.co/eFRTFwdvWT pic.twitter.com/IWAHbM1Wfy

— Ducati (@DucatiMotor) July 20, 2023

Read Also: Ripple CTO David Schwartz Explores XRP Role on XRP Ledger (XRPL) Beyond Gas Token

To provide a unique and thrilling experience for its loyal customers and global community, Ducati has planned a series of NFT collections on the XRP Ledger in partnership with Web3Pro. These NFTs will depict the history of the Ducati, from its early stages to its promising future.

The first release, scheduled for July 26, will be a limited-edition video compilation showcasing the evolution of Ducati logos on motorcycles produced from 1946 to 2023. Users must sign up on the waitlist before July 27 to qualify for this exclusive gift.

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XRP Community Reactions 

Members of the XRP community have shown overwhelming excitement about this development, foreseeing increased activity on the XRPL, which could potentially boost the XRP token price as the blockchain collects gas fees in its native currency.

Notably, Antony Welfare, Ripple’s senior advisor on CBDCs and global partnerships took to Twitter to broadcast Ducati’s adoption of the XRP Ledger, highlighting its contribution to expanding real-world applications of the Ripple-supported blockchain.

Read Also: Newly Launched XRPL-based Game Lets Users Earn XRP Directly to Their XUMM Wallet

Likewise, a particular community member, expressed enthusiasm for the NFTs launch, recognizing it as a promising application of the XRPL’s unique properties. Sam believes this will undoubtedly pave the way for further real-world use shortly. 

It bears noting that the recent development is a sequel to the launch of HOME on the XRPL. Launched in July, HOME is the first-ever mortgage-backed stablecoin developed by the RWA protocol. It is believed that Ripple’s partial victory over the SEC would trigger more adoption for the XRP Ledger and its native token.

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Following the recent court ruling in the SEC vs. Ripple lawsuit, where Judge Torres concluded that XRP is not a security, several comments have flooded the crypto community. Among those to drop a hot take is Attorney Jeremy Hogan. 

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Read Also: Attorney Jeremy Hogan States What Would Happen to XRP If SEC Wins the Lawsuit against Ripple

Jeremy Hogan: SEC To Appeal Summary Judgment

Per a recent outcome, the pro-XRP lawyer mocked the United States Securities and Exchange Commission (SEC), stating that the agency has only one ammunition against Ripple. 

According to him, an appeal is the only weapon the Securities Commission possesses as the head into a settlement conference over the XRP lawsuit. “Heading into a settlement conference, an appeal is really the ONLY ammunition the SEC has against Ripple,” Hogan wrote. 

Heading into a settlement conference, an appeal is really the ONLY ammunition the SEC has against Ripple.

Of course it says it will appeal…I don't think you can read too much into that statement one way or another. https://t.co/DOzJBRbeV0

— Jeremy Hogan (@attorneyjeremy1) July 22, 2023

Hogan further stated that the SEC has demonstrated its intention to appeal Judge Torres’ judgment that XRP is a non-security. While there is no official appeal statement from the SEC, the commission hinted at such plans when SEC Chair Gary Gensler expressed disappointment over the court’s decision on Ripple’s programmatic sales shortly after the verdict.

Recall that the SEC also indicated that the summary judgment issued on July 13 was erroneous, citing the attempt from Terra founder Do Kwon and Terraform Labs to use Ripple’s judgment in dismissing their charges. Accordingly, the SEC asked the judge presiding over the TFL case to disregard Judge Torres’ ruling.

“Respectfully, those portions of Ripple were wrongfully decided, and this court should not follow them. SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review,” the SEC’s filing read.

Citing all of these instances, Hogan upheld that the SEC plans to appeal the summary judgment. Whether the SEC will appeal the decision or not, remains to be seen.

Read Also: XRP Lawsuit: Attorney Jeremy Hogan Is Curious to Read Hinman Emails As SEC Argues That They Are Privileged

Ripple-SEC Settlement Conference

Notably, there is a possibility for SEC and Ripple to attend a settlement conference, which will be overseen by Magistrate Sarah Netburn. The parties are expected to select three dates for the conference. 

While previous settlement attempts were unsuccessful, several XRP enthusiasts hope for a resolution this time, citing the recent ruling that ratified that XRP is not a security. However, Ripple made it clear that it will only settle with the SEC if the commission provides clarity on XRP.

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CoinsKid, an expert technical analyst has submitted a daring prediction regarding the XRP price. The analyst envisions a decline in the XRP price, which will be followed by a remarkable surge. Coinskid added that the imminent surge could skyrocket XRP to the $6 price level by December.

Amid the prevailing uncertainty in the XRP market at the moment, the pseudonymous chartist foresees a possible dip to the range of $0.54 before the anticipated rally takes place.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

XRP 2020 Price Action

The foundation for this optimistic forecast is rooted in the examination of historical patterns observed in XRP’s price behavior. By meticulously analyzing data from a weekly chart, the analyst has discerned striking resemblances between the current trajectory and the one witnessed in 2020. 

Notably, in November 2020, XRP underwent a substantial rally of 219%, surging from a low of $0.2453 to an impressive high of $0.7841 by the end of that month. However, this upward momentum faced robust resistance, resulting in intermittent declines over the subsequent weeks.

By December 2020 ending, XRP had tumbled to a low of $0.1729, partially influenced by the Ripple-SEC lawsuit. Nevertheless, the digital asset staged a remarkable comeback. It embarked on an impressive recovery campaign, reaching a high of $1.9695 in April 2021. This marked an astounding 1,039% surge from its December low.

XRP To $6 in Months

Drawing parallels between the present XRP movement and the one witnessed from November 2020 to April 2021, CoinsKid observed that the asset had experienced a rally to $0.9380 in response to a ruling in the SEC lawsuit on July 13. But the price met resistance at this level and settled at $0.7310, reflecting a 22% decline from its recent peak. 

Consequently, the analyst expects the retracement to the $0.5401 level. Despite this predicted correction, Coinskid views it as an opportunity for investors to accumulate more XRP tokens before the next bullish wave sets in.

According to him, the subsequent rally should drive XRP back to its previous high of $1.9 observed in April 2021. Citing a potential resistance at this level, he submitted that surpassing it would pave the way for XRP to hit $6 by the year-end. Should this play out, it would signify a 720% increase, although still lower than the 2021 rally.

It bears noting that several other experts have also shared their respective bullish expectations for XRP. As published, top influencer BitBoy expects the asset to hit $35 whereas another prominent analyst said XRP to reach $1.4, $3.7, or $200.

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Spot Trade Volume Drops in Q2

According to the report, despite the leading exchanges boasting $1.67 trillion in total spot trade volume between April to June 2023, there was a massive decline of 36% compared to data for the first quarter of the year. 

One of the significant reasons for this drop in volume was the low trading activity recorded in Q2. Notably, the spot trade volume stood at $2.6 trillion in Q1 as Bitcoin’s (BTC) price gained by over 72% in 2023 Q1.

Top Exchanges By Spot Volume Change and Market Share in 2023 H1

With over 90 million users worldwide, Binance continues to lead other crypto exchanges in terms of trading volume. The exchange guarantees strong security, speed, and a low transaction fee to users, making it one of the most attractive crypto platforms in the ecosystem.

In the first half of the year (H1), Binance dominated the crypto market by overseeing a spot transaction share of 59.9%. Notably, the exchange saw spot trading volume drop massively from over 1.5 trillion in Q1 to around 800 billion in Q2. 

Binance, Coinbase, OKX, Biconomy, and BitMart constituted the top 5 crypto exchanges in terms of spot volume change between 2022-Q3 to 2023-Q2. However, the aggregate sum of spot volume changes between these four exchanges struggled to surpass 500 billion in 2023-Q2.

Notably, Binance dominated the exchanges market share by spot volume in 2023 H1, accounting for 60% of the overall spot trade volume. Other top centralized exchanges that contributed to the market share in H1 include BitForex, OKX, Coinbase, LBank, Gate.io, BitMart, Bitget, KuCoin, and Bybit coming close with 7.7%, 6.0%, 5.8%, 4.6%, 3 5%, 3.1%, 3% and 2.8%, respectively. 

Leading CEXs by Number of Listed Coins and Pairs

As global crypto adoption rises, more digital assets have been introduced including several meme tokens. Likewise, many crypto exchanges have listed these new tokens on their platforms for users to trade. 

Notably, Gate.io and Binance lead the charge in terms of several markets and crypto assets supported. As of July 2023, Gate.io boasted 2,386 market pairs and 687 listed coins/tokens while there were 386 crypto assets supported on Binance and a total of 1,709 markets.  

Per the report, KuCoin’s total market pairs eclipsed 1,544 with its overall supported crypto assets standing at 855. Likewise, BitMart, Huobi, BitForex, OKX, Kraken, and Bitget also boasted a considerable amount of listed coins as of July 2023. Meanwhile, Biconomy Exchange had the lowest count for the number of supported coins on a centralized exchange.

How Decentralized Exchanges Fared In Q2

Several leading decentralized crypto exchanges experienced a massive spike in trade volume in the first quarter of 2023. Among the exchanges that recorded huge activities were Uniswap, Pancakeswap, Curve-Finance, Dodo, Balancer, Sushi, Trader-Joe, and Metadex.

Notably, Uniswap boasted the largest market share by volume with a percentage of 57.5% followed by Pancakeswap with a percentage of 12.7%. Curve-Finance, Dodo, and Balancer made the top five DEX by market share volume.

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Chinese reporter Colin Wu disclosed this development on Tuesday, revealing that the voluminous transfer was executed by an address that took part in Ethereum’s Initial Coin Offering (ICO) conducted in 2015.

An Ethereum ICO participant address transferred 61216.6 ETH (worth $116 million) to Kraken. This address received 61216.6 ETH from the Ethereum genesis block on July 30, 2015, worth $19038 at the time (ICO price $0.311). According to @EmberCN,https://t.co/0aCR8tBi5k

— Wu Blockchain (@WuBlockchain) July 19, 2023

Read Also: Machine Learning Algorithm Sets Ethereum (ETH) Price for 1st of June 2023

Whale Alert, a leading blockchain analytic platform also corroborated the update in a different tweet. It wrote, “A dormant pre-mine address containing 61,216 ETH (116,396,127 USD) has just been activated after 8.0 years!”

According to data from Etherscan, this address, which transferred 62,216 ETH to a Kraken wallet on Tuesday, has been dormant for eight years. Before the heavy transfer, the unknown user executed a test transfer of 0.05 ETH to the Kraken trading platform.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Findings further show that the recently moved pre-mined 61,216.6 Ether tokens to Kraken were valued at about $20 million when the ICO participant received the tokens from the Ethereum genesis block on July 30, 2023. Notably,  ETH was trading at $300-$400 during the pre-mine period. 

With many developments going on around Ethereum and the project’s huge adoption rate, the crypto asset is trading above $1,900 at the time of writing.

Accordingly, the 61,216.6 ETH worth about $20 million in 2015 is now worth more than $116 million at press time. This goes further to buttress the importance of long-term holding of valuable crypto assets. Recall that a Shiba Inu investor who maintained a long-term perspective turned $17 into $1.5 million.

Read Also: Anon Ethereum Whale Shifts $154 Million in ETH with Less Than $4 as TXN Fee. Here’s the Destination

Impact on Ethereum (ETH) Price

This recent development has aroused several speculations in the community, with many market participants asserting that the Ethereum Initial Coin Offering user would dump the tokens in the market for profits.

On the other hand, another community member claimed the tokens would be used for staking. Amid the speculations, the ETH price seems to be gaining stability around $1,909 while showing signs of rising further.

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The post Dormant Ethereum ICO Address Moves Over 61k ETH to Kraken For the First Time In 8 Years appeared first on Times Tabloid.

The pseudonymous chartist, Egrag reiterated on Monday that XRP is bound to hit a new all-time high of $27 based on the formation of a chart pattern dubbed Bermuda Triangle. 

Notably, the expert technical analyst first called this $27 target for XRP in early May with detailed insights into the asset’s potential behavior while the SEC v. Ripple case was still inconclusive. At the time, XRP was changing hands at $0.4642 and attempting to break out above the multi-month bearish trendline resistance.  

#XRP Bermuda Triangle $27 (UPDATE):

Back on May 1st, 2023, I shared detailed insights into #XRP's potential behavior, and now it's absolutely incredible to see those predictions coming true! Check out my previous post here: https://t.co/BZVbkDajfa

Let's dive into the… pic.twitter.com/ohKuiI4diJ

— EGRAG CRYPTO (@egragcrypto) July 17, 2023

XRP Heading To $27

A close look at Egrag’s updated chart shows that XRP’s price is moving through the Bermuda Triangle as earlier predicted. This chart pattern comprises seven arcs with each representing a Fibonacci Circle price target. 

At the time of the update, XRP price has surpassed Arc 1, Arc 2, and Arc 3 successfully while steering confidently towards Arc 4. Notably Arc 1 to Arc 3 are all situated below the $0.7 price mark.

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Meanwhile, Arc 4 cuts across the region dubbed the equilibrium price range by Egrag. According to the analyst, the XRP price is expected to balance between $1.6 – $1.8 in the coming weeks. 

At press time, the XRP Ledger (XRPL) native token is trading at $0.7645, which is still below Arc 4. Egrag noted that this price region serves as a pivotal moment for XRP, adding that the asset could either soar to new heights or stabilize for some time.

In the wake of Ripple’s partial win over the U.S. SEC, the XRP permabull is confident XRP will break through Arc 4 to hit Arc 7, which is situated around $27. He added that the adoption of XRP by top banks, financial institutions, and hedge funds would contribute to this possible surge. 

Remarkably, Ripple’s CLO Stuart Alderoty recently noted that over 4,000 American banks would be willing to partner with the crypto solutions company as XRP received regulatory clarity last week.

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The post Top Analyst Predicts XRP Rocket Surge to $27. Here Are the Charts appeared first on Times Tabloid.

Per an analysis shared by Egrag on Wednesday, the well-known chartist revealed that XRP is on the verge of repeating history in terms of bullish price action if a particular chart pattern is formed. 

Citing the Moving Average Convergence Divergence (MACD) technical indicator on the monthly timeframe XRP chart, the pseudonymous analyst predicted an imminent bullish cross that would kick off a stunning rally in XRP price. 

For context, MACD is a technical indicator that provides a helpful guide for identifying market trends and momentum. Accordingly, Egrag revealed that a bullish cross often confirms the price projections portrayed by the monthly MACD. Referring to a bullish cross, he wrote: “When this happens, it typically signals that the next monthly price candle will experience a surge and kick off a new bull run.”

#XRP Monthly MACD – Historical Proof:

When it comes to predicting market trends, the Monthly MACD has provided a useful guideline for identifying trends, measuring strength, and even determining entry and exit points.

In the below #XRP Chart, I can say that one key piece… pic.twitter.com/9VvQNvhcIJ

— EGRAG CRYPTO (@egragcrypto) July 12, 2023

Timeline For Next XRP Bull Run

According to Egrag, the expected bullish cross is primed to occur in June 2024. However, he noted that the bullish cross can play out earlier than expected in August. While the top crypto analyst failed to share any price target, Egrag noted that    

He wrote: “Looking at historical data, we can see that the previous bull run lasted 884 days from the turning point of red to green. If history repeats itself, we could see a similar timeline for the next bull run, with the expected bullish cross occurring on June 1st, 2024. However, there is also the possibility of an earlier cross happening on August 1st, 2023.”

Whether this prediction will materialize or not is a function of time, he said, noting that the forecasted timeline for the bullish cross to occur could be affected by “a major shift in price action.” 

Notably, XRP became the top-performing asset in the crypto market today following the ruling that the digital token is not a security in the long-standing Ripple-SEC case. At the time of writing, XRP is trading at $0.811 following a surge of over 72% in the last 24 hours.

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The post Based On Historical Data, Technical Analyst States Timeline for Next XRP Bull Run appeared first on Times Tabloid.

XRP, the digital asset associated with Ripple, is poised for a sustained breakout in the coming weeks, according to renowned market analyst Dark Defender.

With an ambitious price target of $3, the projected surge would represent a staggering 538% increase from the current trading levels.

Dark Defender’s analysis, based on the well-known Elliott Waves theory and XRP’s historical pattern, indicates a consistent weekly pattern that hints at the imminent price surge. This pattern aligns with previous predictions by the analyst and reinforces the likelihood of a bullish breakout in the near term.

Hi all. We analyzed weekly historical patterns of XRP & pointed out August.#XRP still identically follows the pattern. Additionally, the pattern aligns with the Elliott Waves. They both target $3+ in the short term now & indicate the wave will start in 5-6 weeks #XRPCommunity pic.twitter.com/sgbPGO4twv

— Dark Defender (@DefendDark) July 12, 2023

While the Elliott Waves theory suggests that market trends follow a wave-like pattern consisting of five upward and three downward waves, Dark Defender’s analysis specifically targets the $3 price level. The expected wave is projected to commence in approximately five to six weeks, following XRP’s recent breakthrough of a prolonged downtrend.

Building on previous analysis, Defender’s previous assessment indicated a structure leading towards $3.39. He also identified August as a potential breakout month based on historical patterns. 

Despite the optimism, Dark Defender warns of potential consequences if XRP fails to defend the $0.46 territory, suggesting that XRP could plummet to $0.39 in the coming days if the support at $0.46 fails.

Ripple’s Win To Push XRP Higher

The top analyst’s latest project holds more water following the favorable ruling in the SEC lawsuit. As reported, the presiding judge Analisa Torres ruled that secondary sales if XRP do not constitute a security. However, Judge Torres also concluded that institutional sales of XRP constituted an unregistered security offering.

While the case is expected to go to trial, XRP becomes the first crypto to gain regulatory clarity in the United States. Accordingly, investor interest in XRP peaked today, causing a spike in the asset by over 30% within two hours.

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The post Ripple Wins SEC Lawsuit: Analyst Predicts Massive Surge for XRP, Targets $3 appeared first on Times Tabloid.

Per the recent tweet, Ashley Prosper submitted that the presiding judge over the Ripple-SEC case would likely rule against classifying XRP secondary market sales as securities. In other words, he submitted that Judge Torres would not deem XRP tokens sold on exchanges as securities. 

To support his stance, he cited that the U.S. Securities Commission had no interaction with XRP holders to decipher their actual motive behind purchasing XRP. More so, Prosper added that the absence of investment contracts between XRP holders and Ripple further counters SEC’s claims that XRP holders depended on Ripple’s efforts for profits.

Highlighting the significance of Ripple’s submission of over 3,000 affidavits from XRP holders, Prosper suggested that these testimonials could further sway Judge Torres’ judgment in favor of the sixth-largest crypto by market cap.

Furthermore, he pointed to the numerous amici briefs filed by various third-parties entities to support Ripple, with some magnifying real-world use cases of XRP beyond direct investment purposes.

#XRP #XRPCommunity
The way I see it…

SEC expert: When XRP Holders bought XRP, they were relying on Ripples' efforts to increase the XRP price.

Judge Torres: You can't tell me what XRP holders were thinking when you didn't speak to any of them. Plus, you admit that if you had,…

— Ashley PROSPER (@AshleyPROSPER1) July 12, 2023

XRP Community Contemplates Regulatory Changes 

The recent ruling in the SEC v. LBRY lawsuit has become a catalyst for discussions within the XRP community. While some speculate that Judge Torres might refrain from commenting on XRP’s security status, drawing parallels to the LBRY case, others like pro-XRP lawyer Fred Rispoli believe that the judge will address the issue given that Ripple has invoked XRP’s security status as their second defense.

As the courtroom drama unfolds, XRP community members are optimistic that the outcome of this landmark ruling holds the power to redefine the regulatory landscape not just for XRP but for the broader cryptocurrency industry as well.

Amidst the speculations and predictions, stakeholders, investors, and XRP enthusiasts alike eagerly await Judge Torres’ verdict, which will undoubtedly shape the future trajectory of XRP and its market dynamics. The conclusion of the SEC v. Ripple lawsuit is going to mark a significant milestone in the ongoing journey toward regulatory clarity and legal precedent within the crypto space.

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