Crypto
XRP Falls 10.03% In Bearish Trade By Investing.com
![XRP Falls 10.03% In Bearish Trade By Investing.com](https://i-invdn-com.investing.com/news/Ripple_800x533_L_1556445369.jpg)
Investing.com – XRP was trading at $0.4215 by 01:45 (00:45 GMT) on the Investing.com Index on Friday, down 10.03% on the day. It was the largest one-day percentage loss since April 13.
The move downwards pushed XRP’s market cap down to $23.6946B, or 1.14% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.4407B.
XRP had traded in a range of $0.4209 to $0.4329 in the previous twenty-four hours.
Over the past seven days, XRP has seen a drop in value, as it lost 10.34%. The volume of XRP traded in the twenty-four hours to time of writing was $1.5908B or 1.61% of the total volume of all cryptocurrencies. It has traded in a range of $0.4209 to $0.4887 in the past 7 days.
At its current price, XRP is still down 87.19% from its all-time high of $3.29 set on January 4, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $57,007.7 on the Investing.com Index, down 5.68% on the day.
Ethereum was trading at $3,079.16 on the Investing.com Index, a loss of 6.92%.
Bitcoin’s market cap was last at $1,118.7068B or 53.97% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $367.5936B or 17.73% of the total cryptocurrency market value.
![](https://newspub.live/wp-content/uploads/2022/03/np-logo.png)
Crypto
Investigating Cryptocurrency Investment Trends: Analyzing BlockDAG, ARB, and Litecoin
![Investigating Cryptocurrency Investment Trends: Analyzing BlockDAG, ARB, and Litecoin](https://www.crypto-reporter.com/wp-content/uploads/2024/06/blockdag_583.jpg)
BlockDAG, ARB, and Litecoin are all making significant strides in the cryptocurrency arena, presenting varied investment opportunities. BlockDAG has quickly distinguished itself with its presale success, securing over $56.6 million from 19 separate batches. In comparison, the ARB token from Arbitrum provides an appealing purchase prospect as it approaches an all-time low of $0.74, yet the optimistic sentiment among the community points to a promising price revival. Litecoin is also showing signs of increased network engagement, with its unique addresses climbing to over 700,000, possibly signaling a demand spike and favorable price trends, particularly as its Relative Strength Index (RSI) reaches its most advantageous point since the previous September.
BlockDAG Hailed as Top Crypto of July 2024 by Analysts
In a pivotal moment, cryptocurrency experts have declared BlockDAG the leading cryptocurrency of July 2024, thanks to its exceptional presale coin performance. Surpassing $54.5 million and earning $500,000 each day, BlockDAG is on a trajectory to reach $100 million before its mainnet debut. This explosive demand and investor enthusiasm underscore the vast potential of BlockDAG’s innovative blockchain technology.
The imminent mainnet debut marks a crucial juncture in the cryptocurrency sector. With the completion of its Peer-to-Peer Engine and the Block & DAG Algorithm, along with ongoing progress on EVM Compatibility and Metamask Integration, BlockDAG is well-prepared for success. The Testnet is expected in mid-August, with the Mainnet launching in four months, demonstrating BlockDAG’s commitment to providing a premier platform.
Through relentless development and strategic marketing, BlockDAG has risen to prominence, suggesting a staggering 30,000x return potential. Currently priced at $0.014 in Batch 19, BlockDAG embarks on a thrilling journey in the crypto space. Analysts foresee a bright future with coin values expected at $10 by 2025, $20 by 2027, and $30 by 2030.
Even during the presale phase, early BlockDAG investors have seen significant returns, establishing its status as a formidable investment. From $0.001 in Batch 1 to $0.014 in Batch 19, the price has soared by 1300%. With over $56.6 million raised, projections suggest a possible $30 coin value by 2030. By then, a $500 initial investment could swell to $15 million, highlighting BlockDAG’s exceptional investment potential.
Arbitrum’s Market Outlook: Why It’s an Ideal Time for Investors
Arbitrum’s ARB token is nearing a historical low of $0.74, creating a prime investment window. Unlike other altcoins at peak prices, ARB’s low entry cost makes it accessible. Despite nearing a low price point, community morale remains surprisingly upbeat, with a surge in purchases indicated by the Price Daily Active Addresses (DAA) divergence metric. This measure shows an increase in user interactions with ARB, suggesting a potential price recovery. For investors, this may be a golden opportunity to invest before anticipated price increases, driven by hopeful stakeholders.
Litecoin’s Network Activity Skyrockets: Is Now the Investment Time?
This month, Litecoin’s blockchain has experienced a notable rise in activity. Santiment, a blockchain data analysis firm, reports that the count of unique addresses engaging with Litecoin has more than doubled, skyrocketing from 345,000 in May to over 700,000 currently.
This spike in unique addresses suggests a growing user base involved in transactions and other activities on the Litecoin network. This heightened activity might boost network demand and positively influence price trends. Additionally, Litecoin’s Relative Strength Index (RSI) is currently in its “Opportunity Zone,” a positive signal not observed since last September.
For investors, these developments indicate a dynamic and potentially rewarding environment. Increased network usage generally correlates with rising investor interest and could be a precursor to future price appreciation. Keeping an eye on Litecoin’s network growth and RSI trends could provide critical insights for those exploring investment options in the cryptocurrency sphere.
Massive Buying Opportunity
As the cryptocurrency landscape evolves, BlockDAG, ARB, and Litecoin each offer unique opportunities for discerning investors. BlockDAG leads with its groundbreaking technology, potentially offering returns up to 30,000 times the initial investment due to its innovative DAG architecture and strategic market positioning. Meanwhile, ARB’s current low price presents a timely investment chance, with community confidence suggesting an impending rebound. On the other hand, the surge in Litecoin’s network activity indicates robust user engagement that could propel future price increases.
Invest in the BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.
Crypto
Crypto Weekend Round-Up: Kiyosaki Forecasts Crash, Crypto Bettors Back Harris, Trump's Potential Impact On Crypto And More
![Crypto Weekend Round-Up: Kiyosaki Forecasts Crash, Crypto Bettors Back Harris, Trump's Potential Impact On Crypto And More](https://cdn.benzinga.com/files/images/story/2024/07/07/Trump-crypto.jpeg?width=1200&height=800&fit=crop)
This past week was a whirlwind of activity in the world of cryptocurrencies, finance, and politics. From Robert Kiyosaki’s dire market predictions to the shifting odds in the 2024 presidential race, it was a week to remember. Let’s dive into the top stories.
Robert Kiyosaki Predicts ‘Biggest Crash in History’
Best-selling author Robert Kiyosaki sent shockwaves through the financial world this weekend with his prediction of an imminent market crash. Kiyosaki, renowned for his book “Rich Dad Poor Dad,” anticipates a historic plunge in the prices of real estate, stocks, bonds, gold, silver, and Bitcoin. However, he also sees a silver lining, forecasting a bull market cycle beginning in late 2025 that could benefit gold, silver, and Bitcoin investors.
Read the full article here.
Crypto Bettors See Harris as Possible Presidential Candidate
The odds of Vice President Kamala Harris replacing President Joe Biden as the Democratic nominee for the 2024 presidential elections saw a significant increase on Polymarket, a cryptocurrency-based prediction market. While Biden remains the top pick, the substantial surge in Harris’ chances indicates a notable shift in sentiment.
Read the full article here.
See Also: ‘Rich Dad Poor Dad’ Author Robert Kiyosaki Says Charts Indicate ‘Biggest Crash In History Coming’
Cryptocurrency Market in Meltdown
The cryptocurrency market experienced a significant downturn this week, with Bitcoin BTC/USD and Ethereum ETH/USD hitting their lowest points in weeks. The market’s decline was largely attributed to the movement of billions of Bitcoins ahead of a probable sell-off.
Read the full article here.
Trump’s Potential Election Win Could Impact Crypto
Pratik Kala, Head of Research at DigitalX Limited, predicts a Trump victory in the upcoming election but warns that immediate crypto-friendly regulations may not be a priority. Kala’s prediction is based on his belief that President Biden failed to appear “lively and energetic” during the debate.
Read the full article here.
Shiba Inu’s Burn Rate Skyrockets
The ‘Dogecoin Killer,’ Shiba Inu, reported a surging burn rate over the week, with community news hinting at a significant upcoming development. The burn rate increased by 8,596.6% over 24 hours as of Wednesday, with more than 17 million SHIB burned across three transactions.
Read the full article here.
Read Next: ‘Dogecoin Killer’ Shiba Inu’s Burn Rate Skyrockets 8,596%: ‘Something Special’ Is Cooking
Image created via photos on Shutterstock
This story was generated using Benzinga Neuro and edited by Anan Ashraf.
Crypto
How Netherlands is Embracing Cryptocurrency?
![How Netherlands is Embracing Cryptocurrency?](https://media.assettype.com/analyticsinsight%2F2024-07%2Fff0eaec6-c947-443a-b45e-c033d11b06c7%2FHow-the-Netherlands-is-Embracing-Cryptocurrency.jpg?w=1200&ar=40%3A21&auto=format%2Ccompress&ogImage=true&mode=crop&enlarge=true&overlay=false&overlay_position=bottom&overlay_width=100)
It is not with the DNB per se but its peers which bear the massive weights in regulatory considerations, as well as forums such as the United Bitcoin Companies Netherlands and the Dutch Banking Association, which collectively trudge through the intricacies that are becoming the cryptocurrency capital markets.
While the country holds high investment activity, strategic acquisition and seed funding by the parent company of Deribit in Finst on the other hand shows attractiveness to crypto-related ventures. Key players, such as Solanium, Forkbomb BV, and Kryptomon, home to innovation with a broad array of services from blockchain technology to financial platforms, charge the air toward the headways of the Dutch crypto market.
In other words, what the Netherlands is doing here is essentially to open wide its arms and maintaining an entrepreneurial-friendly, secure, innovation-friendly, and regulatory-driven climate toward cryptocurrencies. Not only will it strengthen the appeal of the Dutch market, this development will also propel the country to a position where it can drive the narrative of global cryptocurrencies.
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