XRP Could Experience a Bull Run
If you look at the 3-hour XRP against the Dollar charts, you’ll notice that XRP might be on the verge of a bull run. This is indicated by the golden cross formation, where the 15-day moving average surpasses the 30-day moving average. Additionally, the MACD is in the green zone, signaling bullish activity despite the current challenges faced by XRP.
The RSI is currently at 53 and could potentially enter the overbought region if the bulls manage to maintain the support level at 20.2. The Bollinger bands are close together, indicating low volatility and a lack of selling pressure on XRP. As of October 15th, XRP’s spot price was $0.4866 according to CoinMarketCap.
Ripple Gains Attention
Ripple has been gaining a lot of attention recently, and this growing adoption suggests a bullish future for the cryptocurrency. Ripple’s acquisition of Singapore’s license demonstrates its commitment to complying with global regulations and boosts investor confidence.
Itβs official: Ripple is now fully licensed to provide digital payment token services in Singapore by @MAS_sg! Ripple is committed to delivering real-world crypto solutions for businesses in APAC.
Learn more: https://t.co/jD8xSc2pdd
β Ripple (@Ripple) October 4, 2023
Mastercard has also partnered with Ripple for its Central Bank Digital Currency (CBDC) collaborator initiative. This collaboration aims to foster cooperation with key players in the digital currency realm. According to an announcement by Mastercard, 93% of monetary authorities are involved in CBDC-related projects, and four retail CBDCs are currently active.
The collaborators listed by Mastercard include Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient, and Fireblocks.
Presale Update for Meme Kombat
Meme Kombat recently made changes to its tokenomics. The total supply of MK tokens will increase from 10 million to 120 million, which significantly boosts the project’s potential for success. However, there will be no change to the USD value of the original investment made by presale participants.
π If you have bought in the presale already, you will end up with 10x more tokens than you originally purchased. This will not change the USD value of tokens purchased.
π The new token price is now 0.1667 per $MK Token
β You do not need to do anything
Soβ¦.
β Meme Kombat (@Meme_Kombat) October 10, 2023
The token price has been reduced to 0.1667 per MK token, making it more accessible for investors. Token holders do not need to take any action as the change has been seamlessly incorporated into the existing architecture.
Hot Take: Ripple and Meme Kombat Present Investment Opportunities
Ripple’s recent developments and growing adoption suggest a bullish future for XRP. With its acquisition of Singapore’s license and collaborations with Mastercard, Ripple is positioning itself as a leader in the digital currency realm.
Meanwhile, Meme Kombat’s revised tokenomics and reduced token price make it an attractive investment option. The project’s dedication to its token holder community ensures a favorable entry point for new and current investors. This strategic adjustment strengthens Meme Kombat’s market position and creates a more robust environment for its constituents.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
