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Crypto community with 91% historical accuracy sets XRP price for July 31
The value of XRP has recently faced bearish sentiments, resulting in a loss of the crucial $0.50 support level. This decline can be attributed to the overall market conditions, with XRP remaining in the spotlight due to the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC).
Given the legal dispute and the high stakes involved, XRP’s price has become a topic of speculation in the broader cryptocurrency market, with market players offering different possible scenarios.
For instance, on the cryptocurrency monitoring platform CoinMarketCap, members of the XRP community anticipate that the token will end in July 2023 with a slightly positive performance compared to its current valuation. At the time of writing, with 519 votes, community members project that XRP is likely to trade at an average price of $0.4866 on July 31, representing a gain of over 3% from the current price.
The community also expects the bullish momentum to persist in the coming months. By the end of August, with 326 votes, members project a gain of over 5% for XRP, reaching a potential price of $0.49. Additionally, 203 members anticipate a resurgence to the $0.50 position, with XRP trading at $0.5628, reflecting gains of nearly 20% from the current price.
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#ContentStar# Lucky Whale Makes A Lot Of Profits In The New Memecoin Craze!
A lucky cryptocurrency whale has made a huge profit on a newly launched memecoin. Here are the movements of the whale.
A cryptocurrency whale has made a staggering $250,000 in just one day with SHIB2.0, a clone of the popular meme coin Shiba Inu (SHIB).
It should be noted, however, that such memecoins, and especially their imitations, do not carry any intrinsic value and are highly speculative assets.
According to the transaction history of the wallet address, the whale bought the SHIB2.0 very early before its price went up and sold it to make a profit five times faster after the first pump.
The same whale has also managed to profit from two other memecoin-themed altcoins, PEPE2.0 and DOGE2.0, which have gained traction recently.
Meanwhile, another trader, identified by wallet address 0xe28, made bullish investments in the two largest cryptocurrencies by market cap, Ethereum (ETH) and Bitcoin (BTC).
The trader recently opened two long positions on ETH and BTC using 10x and 20x leverage respectively. The investor invested $606,700 in ETH with an entry price of $1,870 and $187,000 in ETH and an entry price of $30,335. Investor positions will be liquidated if ETH falls below $1,703 or BTC $29.152.
Interestingly, the trader closed two long positions in ETH and BTC that he opened a month ago, making a profit of $219,300 yesterday.
These last two gains put his total profits since February to $841,300 and his earnings ratio to 77.78%.
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