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Although many assets in the cryptocurrency market have started to slow down their previous gains, the downturn could represent a second chance for those investors who have been eyeing some of them but, for any reason, missed the opportunity to purchase at a low price , including XRP. Specifically, after XRP had a massive rally in the past few weeks, followed by it briefly touching the $0.93 level in July, then rolling back down to $0.45 and back up again, the asset is now looking at a possible correction to $0.54, as observed by crypto analyst Michaël van de Poppe on November 7. Another chance to buy Having said that, according to the expert crypto trader, if this does, indeed, occur, it would not necessarily be a bad thing for the asset in the long run but simply represent “another time to be a buyer” of the fifth-largest cryptocurrency by market capitalization for those who failed to purchase it at a lower price . XRP price action analysis. Source: Michaël van de Poppe As van ...

Robert Kiyosaki, the renowned author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has shared his insights on potential price trends for key financial assets that he believes will outperform fiat currency. In an X (formerly Twitter) post on October 20, Kiyosaki expressed his confidence in the prospects of gold, silver, and Bitcoin (BTC). He suggested that these assets are poised for an upward trajectory. Kiyosaki stated that once gold surpasses the $2,000 threshold, it will likely experience significant growth, while Bitcoin appears to be on track to exceed the $100,000 mark. Amid this discussion, Kiyosaki maintained his skepticism toward the value of the US dollar, referring to it as “fake.” According to Kiyosaki:  “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.  Bitcoin testing $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce. Sav...

Gala crypto price is nearing its lowest level on record . It has plunged by more than 78% from the highest level. There are concerns about the platform and the ongoing lawsuit. Gala token price continued its sell-off as demand for the coin crashed. The token plunged to a low of $0.013, meaning it has plunged by more than 78% from the highest level on record. Other top laggards on Thursday were coins like Optimism, eCash, Injective, and XDC Network. Fed interest rates and ecosystem growth There are three main reasons why Gala crypto price has been in a strong bearish trend for a while. First, like other cryptocurrencies, it is being affected by the rising interest rates by the Federal Reserve.  The Fed has hiked rates from 0% during the pandemic to between 5.25% and 5.50%. In its monetary policy meeting on Wednesday, the bank warned that it will deliver one more 0.25% rate hike.  High interest rates have an impact on all assets. For examp...

About $570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders. On Aug. 16, Bitcoin closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s Federal Open Market Committee minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause. Despite the immediate reasons for the drop, the upcoming $580 million Bitcoin (BTC) options expiry on Friday favors the bears. They could potentially make a $140 million profit on Aug. 18, adding to the downward pressure on Bitcoin and complicating BTC’s search for a bottom. Federal Reserve minutes did not impact traditional markets On Aug. 16, Federal Reserve Chair Jerome Powell emphasized the 2% inflation target. This pushed the U.S. 10-year Treasury yield to its highest level since October 2007, prompting investors to shift away from riskier assets like cryptocurrencies in favo...

Blockware Solutions account executive David Gamble told Market Talks host Ray Salmond that the crypto market will hit a $10 trillion market cap in the next few years. On the latest episode of Market Talks , host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price , and his views on how the decentralized finance (DeFi) sector needs to evolve.  Gamble described himself as a staunch believer in DeFi, but he added that protocols within the industry need to find ways to incorporate tokenized real-world assets instead of relying on mercenary capital and the attraction of liquid staking. According to Gamble, the steady entry of institutional investors and even central bankers experimenting with tokenized bonds and other yield-bearing assets could be a step in the right direction. The best time to buy Bitcoin is now Bitcoin’s block reward halving is less than 300 days away, and many i...

Bitcoin casts off a U.S. GDP "nothingburger" but DXY charges to two-week highs in what is traditionally a BTC price headwind. Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily close. The largest cryptocurrency had offered a modest uptick after the Federal Reserve hiked interest rates to their highest since 2001 — a move already price d in by markets. The day’s U.S. GDP advanced print for Q2 came in better than forecast at 2.4% annualized, pointing to inflationary pressures continuing to ebb in what could prove a catalyst for risk asset performance. Bitcoin did not noticeably react, however, with stocks likewise fairly flat after the Wall Street open. Michaël van de Poppe, founder and CEO of trading firm...

Ethereum on-chain and technical indicators show a long-term bullish argument for ETH price in the near to medium terms. Ethereum's native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations. In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher while highs stay around the same level, indicative of a higher selling pressure at the given level.  As of April 2, ETH's price is testing its horizontal level resistance range ($1,700-1,820) for a potential breakout move. ETH/USD three-day price chart featuring 'ascending triangle...

Join Our Telegram channel to stay up to date on breaking news coverage Solana (SOL) price plummets due to abandonment by developers as Cardano (ADA) sharks accumulate $83 million. Snowfall Protocol (SNW) surges to $0.14 In recent weeks, the cryptocurrency market has been volatile with some coins experiencing significant losses and others gaining heavily. Solana (SOL) has seen a major drop in value, while Cardano (ADA) has seen a surge in accumulation by large holders.  Snowfall Protocol (SNW) has experienced a multifold growth in price . In this article, we will explore the factors behind these develop ments and how they may impact the future of these cryptocurrencies. Solana (SOL) market value plunges from $1.06 trillion to $830.9 following FTX collapse Solana (SOL) has had a rough year in 2022. After reaching its all-time high of $259 in 2021, the cryptocurrency has lost a significant portion of its value, dropping 95%. Like many other cryptocurrencies, Solana (SOL) has ...

Join Our Telegram channel to stay up to date on breaking news coverage LUNA was once one of the most trusted cryptocurrencies. But after people started to withdraw their holdings, which created a death spiral, the LUNA crash dropped the value of the entire cryptocurrency market. The damage was to such an extent that investors can feel the loss to this day. However, not everything was bad. LUNC, the hard fork of LUNA, was handed over to the community that has done everything in its power to return this cryptocurrency to its glory days. First, there was the #lunaburn campaign, and then came an increase in LUNC burn tax; staking came afterward, and now, a new task force has arrived to help redesign LUNC’s layer 1. Will the LUNC price see a rise due to all of these positive developments, or is it time for us to know better and look for better alternatives? LUNC Price History in 2022 – Full of Volatility and No Regards of Market Fundamentals The entire cryptocurrency ma...