Itโs been an excellent few weeks for XRPย Rippleย (XRP) holders, with the tokenโs value soaring over 12 percent since May 11.
This positiveย tendency momentum shows no indicationsย of slowing, with numerous in the financing community wondering whether XRPย Rippleย (XRP) can make it to the fabled $1 level.
Simultaneously, plentyย of penny cryptocurrency alternatives are making headway in the market โ offering compelling opportunities for those seeking theย following potential breakout star.
XRPโs Recent Price Surge Adds Optimism That $1 Can Be Reached
After a solid run-up inย theย previous fortnight, the XRPย Rippleย (XRP) price is asย ofย now hovering around the $0.462 level.
Price has now broken over the 20-day and 50-day EMAs โ a positiveย tendency signal often preceding a rapid upwards surge.
Adding more confluence isย theย factย that XRPโs price is creating a bull flag pattern on the dailyย basis. Onceย more, this pattern often appears right before a breakout to the upside, which will be music to the ears of XRPย Rippleย (XRP) bulls.
Data from CoinGlass likewise outlines that the Long/Short (24h) ratio stands at 1.0538 for XRPย Rippleย (XRP) derivatives. This signifies that there are now more long than short positions in the market โ suggesting that investor sentiment remains positive.
Adding to the mix, the open interest figures are growing across all major exchanges, evidencing the growing market interest in XRP.
Much of theย pastย few positivity around the cryptoย token stems from the latest updates regarding the SECโs case against Ripple โ the parent company of XRP.
James K. Filan, a previous defense lawyer, tweeted on May 16 that a judge had rejected the SECโs motion to seal a statement from its previous chairman, William Hinman.
This statement, given back in 2018, saw Hinman assertย that Ethereumย (ETH) was not a security.
Now that this statement is available for Ripple to use in its defense, numerous believe the tide is turning in the cryptocurrency firmsโ favor since thereย is clear evidence that a previous SEC official didnโt think Ethereumย (ETH) was a security.
It remains to be seen how this will impact Rippleโs ongoing battle with the SEC โ but if things play out positively, thereย is anย opportunity that the XRPย Rippleย (XRP) price will grow in value and push toward the $1 level.
Althoughย while XRPย Rippleย (XRP) persistsย to perform impressively in the cryptocurrency market, itโs not the only contender worth paying attention to.
1 emerging penny cryptocurrency, Wall Street Memes ($WSM), is making wholeย lotย of strides โ regardlessย of only launching its presale on May 25.
Within hours of the presaleโs launch, greaterย than $100,000 in financing flowed in from eager investors โ with the tremendous hype being driven by the projectโs clear link to theย legendary โWallStreetBetsโ subreddit.
The $WSM cryptoย token leverages the achievements of the Wall St Bulls Non-Fungibleย Tokenย (NFT) collection, which was introduced in 2021 and quickly sold out in just 32 minutes owingย to overwhelming investor interest.ย
This extraordinary demand led to the formation of a thriving community of over one Million supporters
Now that the Non-Fungibleย Tokenย (NFT) market is bouncing back, the team behind the collection is remaining active and set to make its mark on the world of Bitcoinย (BTC) Ordinals by launching a brand-new collection on Magic Eden.
Naturally, the growing buzz around the Bitcoinย (BTC) Ordinals fall has prompted substantial support for the release of the $WSM cryptoย token โ with the official Discord server seeing an enormous influx of new members.ย ย ย
As a community-focused project, with greaterย than 400,000 social media followers, Wall Street Memes will reserve 50 percent of the total $WSM supply for presale investors.ย
The remaining 50 percent will be used for community bonus and CEX/DEX liquidity โ highlighting that the development team is in this for the long haul.ย
Early investors can now buy $WSM cryptoย tokens through the presale for just $0.025 โ the lowest price theyโll ever be offered โ with cryptoย tokens to cost $0.0337 in the final stage.
Visit Wall Street Memes Presale
Presale Sensation AiDoge Turns Heads & Raises $14.3 Millionย
Wall Street Memes isnโt the only cryptocurrency grabbing investorsโ attention โ AiDoge ($AI) is likewise starting to make headway as a potential alternative to XRP.
Regardlessย of being less known, this new entrant to the market has already started turning heads, raising a remarkable $14.3 Million through its presale phase in just four weeks.
Furthermore, AiDogeโs Telegram community has swelled to nearly 19,000 people inย theย previous few weeks, highlighting the growing interest in the project.
This interest is driven by AiDogeโs pioneering combination of a memeย cryptocurrency style and artificial intelligence (AI) technology โ a blend that hasnโt isย still been seen in the cryptocurrency market.
As noted in AiDogeโs whitepaper, the projectโs flagship feature will be its custom-designed Memeย Coin generator, whereby users can create hilarious memes in seconds using text-based prompts.
Users can likewise earn $ Artificialย Intelligenceย (AI), AiDogeโs native cryptoย token, by uploading their created memes to the โpublic wallโ. Other users will then vote on the uploaded memes, with the most trending receiving $ Artificialย Intelligenceย (AI) distributions each month.
With AiDoge now in the final stage of its presale, investors have less than 5 days left to secure $ Artificialย Intelligenceย (AI) cryptoย tokens before they list on major exchanges โ an event sure to catch the marketโs attention.
Revolutionary yPredict Analytics Suite Empowers Traders & Raises $1.7 Million
Inย theย end, another cheap XRPย Rippleย (XRP) alternative thatโs beenย increasing traction in recent weeks is yPredict ($YPRED).
yPredict is a cutting-edge cryptocurrency analytics suite with numerous tools and services designed toย assist traders makeย better decisions in the market.
This Polygon-based platform will provide AI-powered trading indicates, real-time sentiment analysis, automatic chart pattern understanding, advanced technical indicators, and other high-value features.
Inย addition of that, yPredict will likewise have its own trading terminal, with users able to place trades directly from the chart.
Nonetheless, as noted in yPredictโs whitepaper, the feature thatโs capturing the marketโs attention is the yPredict Marketplace.
Thisย function will allow users to โsubscribeโ to state-of-the-art priceย forecast models developed by the top 1 percent of Artificialย Intelligenceย (AI) specialists. Subscription charges will be paid in $YPRED, yPredictโs native token.
Thisย function has got community members pumped since models like these are usually reserved solely for institutional traders.
yPredictโs presale has now raised over $1.75 Million in financing, with early-bird investors still able to acquire $YPRED cryptoย tokens at a discount relative to the intended CEX listing price.
