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Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x

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8 hours ago

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The cryptocurrency landscape is pivotal as Ripple’s case with the SEC ends. This development places XRP Rivals in the spotlight, especially as the U.S. presidential election approaches. Some alternative coins show notable growth, signaling potential for substantial returns.

Ripple-SEC Case Closed: 3 XRP Rivals Poised for 500x Gains.

The SEC has ended its appeal in the Ripple case, marking a pivotal shift for XRP, now trading at $0.50. With regulatory pressures easing, attention is turning to promising XRP rivals that could surge by 500x. As the market watches, these altcoins emerge as strong contenders for significant gains.

Solana (SOL)

Solana (SOL), a layer-one open-source blockchain, is rapidly gaining traction in decentralized finance (DeFi) markets. Known for its support of decentralized applications (DApps), the latest SOL price surged by 12%, reaching $163 over the past month. 

Over the last year, Solana’s market value skyrocketed by over 293%, positioning it as significant to XRP Rivals. Investors are increasingly drawn to Solana, seeking high-growth opportunities.

If the bulls make a comeback, the Solana price prediction could successfully rally past the $180 resistance level and soon target the $200 after the U.S. elections.

Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500xRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
Source: TradingView

Dogecoin (DOGE)

Dogecoin (DOGE), the popular meme-based crypto featuring the Shiba Inu dog, has seen a remarkable price rally, climbing 55% over the past month to reach $0.17. Its value has soared by 139% in the past year, reflecting growing interest and investment in the coin. Dogecoin’s recent surge puts it in closer competition with established cryptocurrencies like XRP, signaling increased demand in the evolving crypto market.

The crypto expert on X predicts a potential surge for Dogecoin, citing Elon Musk’s influence and anticipated U.S. government support. A new department focused on digital efficiency might provide ongoing backing, boosting Dogecoin’s growth for the next four years. 

The expert believes Dogecoin could reach the $1 mark with favorable political developments. An included chart shows an upward trend, suggesting sustained support from influential figures could turn this meme cryptocurrency into a valuable digital asset.

Cardano (ADA)

Cardano (ADA), a prominent third-generation blockchain, has drawn interest for its eco-friendly proof-of-stake (PoS) protocol, setting it apart from traditional proof-of-work (PoW) systems. 

Currently, the ADA price is $0.3322, up 1%, sparking investor anticipation of potential gains. 

If ADA breaks the $0.4 resistance, analysts suggest it could initiate a bullish trend, potentially targeting $0.5 as its next major resistance. Amid a competitive environment with XRP rivals emerging, Cardano’s energy-efficient model may position it for significant growth.

The whale transaction count for Cardano has seen significant fluctuations, closely mirroring ADA’s price movements. Spikes in large transactions often coincide with price volatility. Analysts suggest whale activity could indicate future trends in ADA’s market behavior.

Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500xRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
Source- Santiment

With the Ripple-SEC case over, XRP faces increased competition from rising cryptocurrencies ready for significant growth. These tokens attract investors with their resilience and growth potential, sparking optimism for strong returns. As the U.S. election unfolds, the crypto market watches closely for new trends and investment opportunities.

Frequently Asked Questions (FAQs)

Solana’s fast transaction speeds and DeFi focus make it a strong competitor to XRP.

With support from influential figures and favorable politics, experts believe $1 is possible.

Election results may shape crypto regulations, affecting XRP and altcoin growth.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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LUNC price

Will the Terra Classic Price Crash As The Shuttle Bridge Shuts?

Published

5 hours ago

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November 5, 2024

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The Terra Classic price crawled back on Tuesday, November 5, reaching an intraday high of $0.000086. This LUNC recovery happened after Terra announced that it had permanently closed the Shuttle Bridge and burned the remaining tokens.

Terra Classic Price Reacts to Shuttle Bridge Closure

In an X post, Terra announced that it had permanently closed the Shuttle Bridge interface. This closure led to the burning of the remaining LUNC and USTC tokens in the bridge. A token burn happens when tokens are moved to a discrete address that cannot be accessed. 

The closure happened a few months after the developers opened the bridge to facilitate the redemption of the existing wrapped tokens. Precisely, the bridge helped users to send their LUNC and USTC bridged to Ethereum, BNB Chain, and Harmony back to Terra Classic. 

Terra Bridge X PostTerra Bridge X Post
Terra Bridge X Post

The opening of the Shuttle Bridge was part of the Terraform’s Chapter 11 bankruptcy proceedings, a few years after its collapse. As part of the settlement with the Securities and Exchange Commission, Terraform Labs had to burn the remaining tokens.

Terra Luna Classic Price Is At Risk

The LUNC price formed a double-top pattern around $0.00025 earlier this year, which explains why it has dropped by 65% from its highest level in March. The neckline of this pattern was at $0.000087, where it was trading on November 5. 

Terra Luna Classic price has remained below the 78.6% Fibonacci Retracement level. Most importantly, it has remained below the 50-day Weighted Moving Average indicator and the Ichimoku cloud.

The LUNC token has formed two bearish chart patterns. It has created a rising wedge, which is made up of converging higher lows and higher highs. In most periods, this pattern leads to a breakdown, especially when the two lines are nearing their confluence.

Terra Luna Classic has formed a bearish pennant chart pattern consisting of a long vertical line and a triangle-like pattern. 

Therefore, the combination of a double-top pattern, rising wedge, and bearish pennant means that the token will have a bearish breakdown in the near term. If this happens, the next reference level to watch will be $0.000054, its August lows, and 38% below the current level.

Terra Luna Classic PriceTerra Luna Classic Price
LUNC price chart | Source: TradingView

On the flip side, a move above the crucial resistance level at $0.00011, its highest swing in September, will invalidate the bearish view. If this happens, it will rise to the next key resistance level at $0.00013, its highest level in May.

Frequently Asked Questions (FAQs)

Odds are that the end of the Shuttle Bridge will lead to a bearish breakdown since it has formed a bearish pennant and a rising wedge pattern.

Technicals point to more Terra Luna Classic sell-off in the next few weeks. If they are accurate, the coin may drop by 38%.

Based on our technical analysis, the initial support and resistance levels to watch will be at $0.0000054 and $0.00011

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin

5 Crypto to Buy Now to Turn $100 to $100K During US Election 2024

Published

12 hours ago

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November 5, 2024

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The 2024 US election between Kamala Harris and Donald Trump has sparked interest among investors eyeing potentially high-yield cryptocurrencies. With heightened market attention, certain 5 crypto to buy to turn to $100 to $100k could experience significant gains due to increased trading volumes and speculative buying. 

5 Cryptos  to Buy to 100x by 2024 US Presidential Election

As the U.S. presidential election looms, crypto investors face heightened uncertainty. Bitcoin recently dropped to $68K, fueling global market concerns. With Ethereum and Solana also affected, investors watch closely for potential opportunities amid market fluctuations.

Bitcoin (BTC) Will Face Brunt of US Elections

Bitcoin (BTC) has become a hot topic in the upcoming US elections and has faced resistance since early October. Despite optimistic predictions from crypto analysts, BTC reached $69,000 only 15 days before the election. 

At the time of writing, the BTC price has been trading at $68,887, which is 95% in the past year. With substantial investment in fiat and crypto, Bitcoin remains the leading choice among cryptocurrencies. 

Presidential candidate Donald Trump envisions the U.S. as a Bitcoin capital, while Vice President Kamala Harris emphasizes prioritizing black men in Bitcoin investment. Bitcoin will continue to be the top crypto to buy in 2024.

Super Trump (STRUMP), a PolitFi Crypto 

Super Trump (STRUMP) has become a top choice for investors seeking political finance assets. Currently trading at $0.006341, STRUMP has surged 172% over the past year.

With its alignment with former President Donald Trump’s ideals of limited government control and economic freedom, STRUMP is gaining traction ahead of the U.S. election. Experts suggest it could bring strong returns, potentially turning $100 investments into substantial gains, making it a notable crypto to buy now. If the bulls return, the STRUM price could surge to $0.001 after the elections.

5 Crypto to Buy Now to Turn $100 to $100K During US Election 20245 Crypto to Buy Now to Turn $100 to $100K During US Election 2024
Source: TradingView

Doland Tremp (TREMP), Another PolitFi Crypto To Watch Ahead of US Elections

Super Doland Tremp (TREMP), a meme coin themed around political satire, has captured attention on the Solana blockchain. Modeled with humor referencing Donald Trump, TREMP has seen an impressive 146% surge since its launch. Currently priced at $0.3032, the token recently climbed another 4% in 24 hours, fueling investor interest.  Often compared to BODEN, another politically inspired coin, TREMP is seen as a “crypto to buy” during the U.S. 2024 election season.

The cryptocurrency Tremp (TREM) has recently experienced a notable fluctuation in its market trends. Data from Santiment reveals that TREM’s price saw a significant spike in early May 2024, followed by a gradual decline into mid-June. 

The downward trend persisted, showing limited recovery through July and August. However, late September and October brought heightened social activity, with social volume reaching unprecedented highs in early November, suggesting increased investor interest or speculation around the token.

5 Crypto to Buy Now to Turn $100 to $100K During US Election 20245 Crypto to Buy Now to Turn $100 to $100K During US Election 2024
Source- Santiment

Maga (MAGA)

Maga (MAGA), a cryptocurrency associated with the MAGA movement, currently ranks 276th among global digital assets. With a market cap of around $146 million, the asset has faced recent volatility, prompting investors to adjust their approaches. MAGA’s price has dipped to $3.32, reflecting a 2% decline over the past 24 hours. 

Since its launch, however, MAGA has surged by 19,936%, positioning it as a notable crypto to buy ahead of the 2024 U.S. election. The political climate could further drive interest in MAGA, making it a prominent choice among politically themed altcoins.

Maga (MAGA) currently shows 27.3% of its “In the Money” holdings, representing 12.83 million MAGA tokens. Meanwhile, 40.9%, or 19.22 million tokens, are “Out of the Money,” with 31.8% “At the Money.” This financial breakdown reveals varying profitability across MAGA holdings, reflecting its volatile trading environment.

US Election 2024US Election 2024
Source: IntoTheBlock

Sui (SUI)

Sui (SUI), a Layer 1 blockchain and smart contract platform, is gaining attention for its fast, secure, and private digital asset solutions. With a current Total Value Locked (TVL) of $984.33 million, Sui’s popularity is surging. 

The latest SUI price rose to $1.55, marking an impressive 4% increase. This upward trend suggests a robust buy signal, reflecting growing market confidence in Sui as a significant altcoin. As it attracts more interest, Sui is establishing itself as a promising player in the blockchain landscape.

5 Crypto to Buy Now to Turn $100 to $100K During US Election 20245 Crypto to Buy Now to Turn $100 to $100K During US Election 2024
Source- DeFiLIama

Cryptocurrencies are poised to react to the election’s outcome, with some assets standing out for their performance potential. Investors are encouraged to stay informed, as market movements could provide unique entry points.

Frequently Asked Questions (FAQs)

Bitcoin’s established market position and heightened election attention make it a leading asset.

STRUMP aligns with Trump’s ideals, gaining popularity for potential returns.

TREMP’s political satire theme has fueled investor interest and market gains.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Hamster Kombat Price

Hamster Kombat Price Risks $0.001 Breakdown Amid Massive User Exodus?

Published

1 day ago

on

November 4, 2024

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The cryptocurrency market is gearing up for renewed market recovery amid the upcoming U.S. presidential election. The Bitcoin price recovery toward an All-time high has bolstered the broader market uptrend. Despite the bullish sentiment, the Hamster Kombat price is gradually heading for a $0.001 breakdown as it experiences a dramatic decline in its user base.

With the crypto market today, the HMSTR price trades at $0.0023 with an intraday gain loss of 1.42%. The global crypto market cap is $2.28 Trillion, while the 24-hour trading volume is $58.3 Billion.

Hamster Kombat Price Risks $0.001 Breakdown as 260M Users Exit

Hamster Kombat, once a standout in the crypto-gaming sphere, has experienced a dramatic decline in its user base over the past few months. According to recent data, the platform’s active users declined steadily from its July high of 300 million to 41 million.

Despite the initial hype, the poorly distributed air has significantly impacted the platform’s use base. Its hastily constructed AI and repetitive, tedious gameplay have failed to sustain user interest.

The staggering decline of 260 million users could negatively impact demand pressure on Hamster Kombat price. This downtrend indicator lowers engagement and decreases demand for in-game tokens, reducing liquidity and undermining the token’s market value.

If the trend persists, the HMSTR price could witness prolonged correction and drive the $0.001 breakdown.

HMSTR’ user baseHMSTR’ user base

HMSTR Chart Analysts Hints Major Breakout Amid Channel Formation

Since last month, the Hamster Kombat price has witnessed a steady correction from $0.0051 to $0.0023, registering a 55% loss. This steady shows a higher and lower low formation series, indicating a falling channel pattern formation.

Theoretically, the pattern drives a steady downturn, but as no trend remains the same in a tradable asset, the HMSTR price is poised for a decisive breakout.

By press time, the Hamster Kombat price trades at $0.0023 with a market cap of $151.1. If the U.S. presidential election drives a crypto market recovery, the altcoin could jump 18% to challenge the overhead trendline.

A potential breakout will signal a market trendline and drive the altcoin price to $0.005.

Hamster Kombat PriceHamster Kombat Price
HMSTR/USDT -1dChart

However, if the HMSTR’ user base continues to decline, the asset could prolong its correction a break below $0.001

Frequently Asked Questions (FAQs)

Hamster Kombat’s price is facing potential breakdown pressure due to a massive decline in its user base

The current price trend is shaped by a falling channel pattern, characterized by a series of lower highs and lower lows within two trendlines.

Yes, the upcoming U.S. presidential election could trigger a broader market recovery

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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