ChatGPT-4o predicts XRP’s price after the launch of Ripple’s stablecoin
At its current trading value of $0.52, ChatGPT-4o suggested that XRP could follow two different paths depending on the unveiling of the stablecoin. If the stablecoin launch is successful, with increased liquidity and adoption along with positive regulations and a thriving crypto market, XRP might surge from $0.80 to $1.20 in the short to medium term.
Conversely, if the stablecoin launch fails to attract attention or if Ripple faces unfavorable regulatory decisions, XRP's price could drop to $0.30 to $0.40 in a bearish market or amidst negative news.
AI's updated look at the resistance and support levels for XRP as at 15:40 GMT 00:00 taking into account the current price around $1.08-$1.10: **Immediate Support:** - Just below the current price, around $1.07, which has been mentioned as a potential new bottom for XRP's current run. - Another support level to watch is at $1.01, which could act as a fallback if the price dips. -
**Mid-term Support:** - If there's a further dip, $0.786 has been identified as a support level where XRP might stabilize.
### Resistance Levels: - **Immediate Resistance:** - The first significant resistance seems to be just above the current price at around $1.28. This level could act as a barrier if XRP tries to move higher in the short term. - $1.05 is also mentioned as a resistance where XRP might struggle to close above, which could be relevant if the price pulls back slightly before attempting another rise.
- **Short-term Resistance:** - If XRP breaks the immediate resistance, the next level to watch would be around $1.60, as some analyses suggest this as a target if a breakout occurs from the current consolidation or flag pattern.
- **Mid-term Resistance:** - Beyond that, a move towards $1.88 has been highlighted as a critical resistance level where significant price action might occur, indicating either a solid breakout or a rejection. These levels are derived from recent market behavior, technical analysis, and posts from X, suggesting where XRP might find support if it falls or face resistance as it tries to climb higher from its current price range. Keep in mind that in the crypto market, these levels can shift rapidly with new developments or shifts in market sentiment.
How do you know when you have reached the market top?
The bull market shifts and becomes a bear market when the general public becomes involved because they typically have a low tolerance for risk and require significant reassurance that their investments are safe. As a result, they are often the last to recognize the potential opportunities in a rising market.
When a bull market persists, the general public tends to feel pressured to join in, driven by the belief that everyone else is profiting. They will latch onto any seemingly rational justification for participating, even if their understanding of the market is limited, convinced that since others are buying, they should also take part.
For a bull market to thrive, it relies on a steady influx of new traders willing to pay increasingly higher prices. Over time, as more individuals buy in, the pool of potential new buyers shrinks, leading to fewer traders available to drive prices up further. Although existing buyers want the market to keep rising, they also fear getting stuck with losses if the upward trend ceases. As they see their profits grow, they become anxious about cashing out.
By the time the general public starts investing heavily, seasoned traders recognize that the market is nearing its peak. These professionals are aware that there is a finite number of participants willing to drive prices higher. Eventually, the potential buyers will have all entered the market, leaving no one left to sustain the upward momentum. While professional traders desire continued growth, they also grasp the reality that it cannot last indefinitely, prompting them to secure their profits while there are still buyers.
Part 1 of 2 Click like if you benefitted from this and I will write part 2 and conclude this topic.$BTC $SOL $XRP
Each time Bitcoin hits $69K, Ethereum seems to take a step back—do you notice the trend?
- The first time Bitcoin reached $69K, Ethereum was at $4,000. - The second time it hit $69K, Ethereum dropped to $3,900. - The third time it reached $69K, Ethereum fell further to $3,300. - The fourth time Bitcoin touched $69K, Ethereum dropped again to $2,600.
The pattern is clear: as Bitcoin tests $69K, Ethereum consistently tracks at lower prices. What was once a strong partnership now feels like Bitcoin is leaving Ethereum behind.
Is this the end for Ethereum? Or are investors quietly moving to faster, more affordable alternatives like Solana, or even meme coins? If Ethereum continues to lag behind, the next market surge could spell disaster for it.
🔥You know that 99% of meme coins are doomed to fail?🔥
if you had bought $SLOP for $5,000 yesterday, it would be $2,412 left 💀
those who understand how to manage a meme coin portfolio - win.
learn this now or risk losing everything
5 general rules for trading meme coins:
❶ avoid futures. ❷ no leveraged/margin trading, only spot trading. ❸ stay away from tokens without an active community. ❹ pay attention to relevance (for example, if it's a seasonal meta, it will likely end in a few days/weeks, leading to token dumping). $BTC $ETH
Bitcoin's price has bounced back from a ten-day low as traders try to determine a short-term trend amid a "liquidity hunt" following last week's spike to near its all-time high.
Currently, the cryptocurrency is trading relatively steadily at around $67,500 after plunging to a low of $65,160 on Thursday, according to CoinGecko data.
This follows Bitcoin surpassing $69,000 on Sunday; its all-time high, recorded on March 14, is just above $73,700.
Some analysts suggest that this week's downturn may be temporary.$BTC #ScrollOnBinance $
"We don’t interpret this as being directly linked to shifts in U.S. election probabilities, but rather as a natural liquidity hunt following the significant price increase last week," stated Ryan McMillin, chief investment officer at Merkle Tree Capital, in an interview with Decrypt.
A liquidity hunt involves the market "liquidating" leveraged positions, especially those betting on price rises.
When traders are long with leverage, a price reversal can compel them to sell or liquidate their holdings, applying downward pressure on the asset’s price. McMillin indicated that this is seen as a healthy correction, clearing out speculative excess before the market can continue its upward trajectory. $BTC
Dunes is a universal Liquid Restaking Token (LRT) protocol designed to create liquidity for otherwise illiquid assets that are deposited into restaking platforms, such as Karak Network. Dunes offers to unlock new levels of restaked capital efficiency, maximizing opportunities for its users while mitigating the risks and challenges found in the wider restaking ecosystem, still in its early stages.
Dunes has confirmed that it will launch its token “DUNE” and has allocated an unspecified share of the total supply to reward early participants. They’ve launched a points program called “Spices.” Stake assets on Dunes to start earning Spices. You can also get more Spices by getting your friends. Spices will get converted to DUNE tokens after the token goes live.
Step-by-Step Guide:
• Visit the Dunes dashboard.
• Connect your Ethereum wallet.
• Now stake assets such as wstETH, weETH, rsETH, ezETH, rswETH, and others.
• You will start earning points in the form of “Spices”.
• You will get an extra 5% extra Spices for using the above code in the first comment.
• Also, get 15% of the Spices from each friend.
• You will also earn Karak XPs for staking on Dunes, thereby also becoming eligible for the Karak potential airdrop.
• Dunes has confirmed that it will launch its token “DUNE” and has allocated an unspecified share of the total supply to reward early participants.
• Users who collect Spices will get an airdrop of the DUNE token when the token goes live.
ChatGPT-4o has a new prediction for XRP after Ripple vs. SEC case verdict
The lastest ChatGPT model from OpenAI, discussing XRP's potential price movement post the Ripple v. SEC ruling, suggests that a more lenient penalty could lead to a price increase for XRP.
A favorable outcome might push the price to $0.55 to $1.00, while an unfavorable one could drop it to around $0.50. However, actual market reactions could differ.
It's advisable for investors to conduct their own research and stay updated on XRP and Ripple news, lawsuit updates, and settlements instead of solely relying on AI predictions.
$BTC $ETH $USDC Deutsche Bank partners up with with Bitpanda to cause a seismic shift in the market
Deutsche Bank will work together with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker.
The crypto industry has previously struggled to find banking partners, particularly after the 2023 collapse of Silvergate Capital Corp, Signature Bank and Silicon Valley Bank, which had a high concentration of crypto-related clients.
Who doesn't like airdrops? What about AI ChatGPT airdrops?
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Well you have less than a week left to complete some simple tasks and be eligible for an AI ChatGPT airdrop. The token is called $Cookies.
It's part of a Cookie3 three-platform stack, creating a complete Cookie MarketingFi ecosystem. As the “Google Analytics” of Web3, Cookie3 helps create a mutually beneficial marketing ecosystem for businesses, creators, and users that reinforces the data ownership economy, and $COOKIE represents the $366 digital marketing value. #Megadrop #StartInvestingInCrypto #altcoins #Airdrops_free #DegenKongZ
Bitcoin's value has risen by 7.99% in the last month, adding $5,101.01 to its previous value and increasing the market cap to $1,358,321,419,371. It might be prudent to wait for a potential bear market before investing in BTC given the current bullish conditions. Over the last 90 days, Bitcoin has shown a bullish trend with a 2.51% increase in price. However, it has lost $67,255.32 from its previous value. Considering this recent bearish trend, it may be wise to wait for a market reversal before considering buying Bitcoin.
Advanced Machine learning algorithm predicts Bitcoin price for June 30, 2024
Cutting through recent sluggishness, Bitcoin's future appears optimistic, with machine learning models now forecasting potential gains for the leading decentralized asset.
The advanced algorithms suggest that Bitcoin might surpass significant price milestones in the upcoming weeks, potentially reaching $75,245.53 by June 30, 2024, as per data from crypto analytics acquired on June 3.
Binance has announced that they will delist and cease trading on all spot and margin trading pairs for the following token(s) at 2024-06-17 03:00 (UTC):
OmiseGO (OMG)
Waves (WAVES)
Wrapped NXM (WNXM)
NEM (XEM)
Please note:
The exact trading pairs being removed are: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT
Is Altseason incoming? Ethereum has just reclaimed the key trend line against Bitcoin
Since May 15, ETH has surged approximately 30%, compared to BTC’s modest 9% gain. This performance is reflected in the ETH/BTC ratio, which reached a two-week high of 0.05854 on May 23, marking a 31% increase.
The ETH/BTC ratio is reversing from a 7 year support trend line. Historically, when prices bounce from this line, altcoin prices tend to trend higher.
The New York Stock Exchange (NYSE) is considering implementing cryptocurrency trading, although the current regulatory framework prevents moving forward. Such an outcome would naturally have a positively impact on the demand for Bitcoin (BTC).
The AI model predicts a significant surge in price due to short-term speculation about a potential NYSE listing, estimating a 20% to 30% increase in price.
Looking ahead, OpenAI's main product is projected to be priced at $100,000 to $120,000 in the near future, factoring in factors like new investors, enhanced credibility, and wider acceptance over the next six to 12 months.
In the long run, the AI model anticipates Bitcoin's price to fall within the range of $150,000 to $200,000, making it the leading cryptocurrency in terms of value.
An address starting with ‘0x8EF73‘ bought 27.05 billion PEW with 3.2 ETH, worth $12,300. Lookonchain spotted and reported this crypto trader’s activity on May 31 in a post on X.
Notably, ‘0x8EF73’ already sold 8.05 billion PEW for 83.5 ETH, worth $315,000—over $300,000 in realized profit. As of this writing, the monitored account holds 1 billion PEW worth $61,000.
Binance has just announced new trading pairs to expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the NEAR/BRL and NOT/USDC trading pairs at 2024-05-30 15:00 (UTC).
Unlock the secret that helps Degens avoid losing money.
An analysis of coin launches on Binance shows a scary trend of launching tokens with Low Float and High FDV.
- FDV isn't a meme. It an important concept that is used to hold a coin back from mooning and allowing teams to use you as exit liquidity. - Token unlocks limit the entire potential upside -This is the main reason why most new launches only pump for a short while and then steadily decline for months. -Devs and some VCs end up milking your investment
Always check the FDV and the amount of tokens that are being held back.
BlackRock has made some changes to it's Ethereum ETF Application.
BlackRock has submitted an updated S-1 form for their planned ether ETF, providing additional details about the product that has been recently authorized for trading in the United States.
Analysts see this as a good sign and are hopeful of a launch in the near future.