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Here’s Cardano Price if Bitcoin Hits $500K, Expert Analysis

Abdulkarim Abdulwahab
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Here’s Cardano Price if Bitcoin Hits $500K, Expert Analysis

Market analysts believe Cardano (ADA)’s price could expand by over 19,000% when Bitcoin reaches $500,000. 

The crypto market is experiencing renewed bullish sentiment, with Cardano (ADA) emerging as one of the beneficiaries. On Saturday, Bitcoin approached the $65K mark for the first time this month after the abrupt declines in the first week of August.

After surging over 7% in a single day, BTC reached a daily high of $64,947. Following Bitcoin’s lead, Cardano saw a similar percentage increase, reaching an intraday high of $0.4012. 

When Bitcoin prices dropped three weeks ago, ADA also declined. Now, as the market is rallying, ADA is benefiting as well. Given Cardano’s tendency to mirror Bitcoin’s price movements, several market commentators have speculated on potential price points for ADA if BTC reaches $500K.

Cardano Price When Bitcoin Hits $500K

Aryan, a well-known analyst famous for identifying potential 100X gems, suggested that if Bitcoin rises to $500,000, ADA could reach $75.

To put this into perspective, ADA would need to increase by 19,405% from its current value of $0.3845 to achieve the $75 target, representing a staggering return on investment for holders.

Meanwhile, Bitcoin would need to gain only 680% from its current price of $64,123 to hit the $500K mark. In this scenario, Aryan anticipates Cardano to significantly outperform Bitcoin during its ascent to $500K.

Notably, during the last bull market, ADA outperformed Bitcoin, recording a price increase of over 3,775%, while Bitcoin saw a 700% increase.

Further context for the $75 target for Cardano is that at this price level, ADA would have a market cap of approximately $3.37 trillion, a remarkable achievement that would put ADA on par with Apple’s valuation.

Timeline for ADA to Hit $75

While Aryan believes that $75 is achievable for Cardano by 2025, other market analysts with similar views on ADA have proposed longer timelines.

Analysts at the Changelly crypto exchange suggest $75 is attainable for Cardano by March 2040, or sixteen years from now. They even predict a minimum value of $85 for ADA by April 2040. At this timeline, Changelly expects Bitcoin to have far exceeded $500K.

Cardano price prediction Changelly
Cardano price prediction Changelly

However, market observers at Telegaon are less optimistic. They do not believe ADA will reach $75 even by 2050, or about three decades from now. Their most ambitious target for ADA is $45 by 2050. Notably, at this timeline, Telegaon analysts expect Bitcoin to have surpassed $1 million per coin.

Other analysts within the crypto community who remain optimistic about ADA believe that a range of $5 to $10 is a more realistic target based on historical performance.

Bitcoin Miners Reap $3.40 Million in Weekly Profits Despite Market Volatility

Abdulkarim Abdulwahab
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Bitcoin Miners Reap $3.40 Million in Weekly Profits Despite Market Volatility

While Bitcoin’s price has fluctuated between bullish and bearish trends in recent weeks, miners have managed to capitalize on these swings.

Bitcoin miners have collectively earned more than $3.40 million in profits over the past week. Before the recent spike in miners’ profitability, the graph of their realized profit, as presented by analyst Ali Martinez, depicted a flattened trend.

Meanwhile, data from the analytic platform CryptoQuant highlights significant spikes in miners’ realized profits during specific periods. One of the most prominent surges occurred mid-July when early miners’ profits exceeded $1.8 million.

This spike coincided with a sharp upward movement in Bitcoin’s price, which neared $68,000.

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Following this peak, miners’ profits became more volatile, frequently oscillating below $600,000. However, another substantial spike was recorded towards the end of August, with miners’ profits again breaching the $1.8 million mark.

The fluctuations in Bitcoin’s price have closely mirrored these profit spikes. The black line tracking Bitcoin’s price indicates significant volatility during this period. Around mid-July, Bitcoin saw a dramatic price surge, climbing close to $68,000, which aligned with the miners’ profit spike.

By early August, however, Bitcoin’s price had dropped to below $52,000. A recovery was observed in mid-August as the price climbed back over $64,000, only to decline again later in the month.

Bitcoin Miners’ Historic Behavior?

A closer examination of Bitcoin miners’ behavior in July reveals their significant influence on price movements. On July 25, Bitcoin’s price plummeted 7% from its weekly peak of $68,477, dipping below $64,000.

On-chain data suggests that Bitcoin miners contributed to this price pullback by selling into the market’s euphoria. As the market rallied, miners took advantage of the increased demand to offload their holdings, particularly in the lead-up to the highly anticipated Ethereum ETF launch on July 23.

According to IntoTheBlock’s Miner Reserves chart, miners’ BTC holdings decreased from 1.92 million by July 15 as they capitalized on the hype surrounding the Ethereum ETF launch. This large-scale sell-off likely played a crucial role in triggering Bitcoin’s subsequent price correction.

Bearish Market Indicator Flashes Again

In a separate update, Martinez highlighted the market’s shifting sentiment between August 12 and August 28, based on the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator. The latest data shows a return to bearish sentiment, corresponding with a decline in Bitcoin’s price.

Notably, the indicator oscillated between bullish and bearish phases during this period. Initially, from August 12 to 13, the market was moderately bullish.

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However, on August 14, sentiment shifted to bearish before oscillating multiple times. The market remained bullish from August 19 to 25, corresponding with a rise in Bitcoin’s price to $64,000 by August 23. By August 25, the indicator flipped to bearish again, with Bitcoin’s price dropping to $59,000 by August 28.

Experts Warn of Solana Price Crash to $85 as SOL/BTC Shows Alarming Similarities to ETH/BTC

Abdulkarim Abdulwahab
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Experts Warn of Solana Price Crash to $85 as SOL/BTC Shows Alarming Similarities to ETH/BTC

Benjamin Cowen, founder of ITC Crypto, has recently suggested that Solana (SOL) might follow a similar trajectory to Ethereum (ETH) in its trading pair with Bitcoin (BTC).

In an analysis shared on X, Cowen uses historical price patterns to argue that SOL/BTC could undergo a major correction before the end of the year. He believes this correction may be followed by a recovery in 2025, with another potential decline in 2026.

Cowen’s analysis stems from comparing the ETH/BTC and SOL/BTC trading charts. He shared a graph showing that ETH/BTC experienced a significant drop of approximately 90% from its 2018 peak. 

However, an uptrend began in late 2020, leading to a robust rebound of over 500% by the end of the 2020/2021 cycle. Meanwhile, this dramatic recovery was eventually followed by a period of consolidation and another correction.

SOL/BTC Following ETH/BTC

Remarkably, SOL/BTC appears to be on a similar path in the current cycle. It has registered a massive drop of 90% from its 2021 peak, bottoming out in mid-2023.

Likewise, a rebound of over 500% has also followed ever since this bottom, as Cowen’s chart illustrates. The chart pattern strikingly mirrors ETH/BTC’s historical movements, with the dump and rebound exhibiting comparable magnitudes. The only missing part is the consolidation phase observed in ETH/BTC.

Market chart by Benjamin Cowen

As a result, the market watcher suggests that Solana’s price relative to Bitcoin could see discouraging price action for the remainder of 2024 despite the popular optimism surrounding SOL’s prospects this season.

SOL’s bullish momentum already lost steam over the last five months when it hit $210. Despite the ongoing meme coin frenzy on the Solana blockchain, SOL’s price has been in a downtrend, revisiting $110 this month before a notable rebound to $161. At press time, SOL hovers around $146, down 6% in the last 24 hours.

Solana Potentially Crashing to $85?

Notably, Cowen’s observation aligns with those of other analysts who have projected a significant bearish phase for Solana amid widespread optimism.

Earlier this month, analyst Bluntz cited significant reasons supporting the likelihood of a further decline in SOL/BTC, which could put Solana’s dollar value at $85.

This negative projection has faced stern resistance, but Bluntz has maintained his outlook, noting that the “crisis” could only be averted if Solana reaches $195 again.

Interestingly, at the time of Bluntz’s analysis, SOL was trading at $171. Just four days later, the token tanked by 35% to $110.

ETH Foundation Selling Ethereum at Top, Sold 239K ETH Since Jan 2021

Albert Brown
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ETH Foundation Selling Ethereum at Top, Sold 239K ETH Since Jan 2021

The Ethereum Foundation recently moved 35,000 ETH to Kraken.

The Ethereum Foundation recently deposited 35,000 ETH, worth $94.07 million, to Kraken on August 23. This significant transaction happened when ETH was trading at $2,688. However, five days later, the price dropped to $2,450, marking an 8.8% decrease. Investors have often viewed such transfers from the Ethereum Foundation as warning signals, as notable price drops have followed these transactions.

Historical Trends and Recent Selloff

Over the years, the Ethereum Foundation has been associated with several large-scale transfers. Notably, since January 1, 2021, the foundation has sold off 239,000 ETH, worth $654 million. As seen from Lookonchain’s chart, the most recent significant transfer by this wallet took place in May 2023, when 15,000 ETH was moved. 

This sale aligned with broader market corrections, which saw Ethereum’s price slide to $2,526.05. The foundation’s balance declined from 309,000 ETH to 274,000 ETH after the transfer, leading some market participants to anticipate a possible selloff. Historically, such moves from the foundation have often been interpreted as precursors to market downturns for Ether.

Kraken Tops Deposit Charts

Following the Ethereum Foundation’s latest transfer to Kraken, exchange data from August 2015 to August 2024 reveals Kraken as a key player in deposits, while Coinbase and Bitcoin Suisse have dominated withdrawals during this period.

Screenshot 2024 08 28T171153288
Screenshot 2024 08 28T171153288

Between August 15, 2015, and August 27, 2024, Kraken emerged as the top exchange for deposits, processing $852.49 million, accounting for 31% of the total $2.79 billion deposited across major platforms. Following closely, Bitstamp received $724.16 million (26%), while Coinbase saw $681.42 million (24%). 

On the withdrawals side, Coinbase led with $264.71 million, representing 30% of the total $895.04 million withdrawn. Bitcoin Suisse followed with $246.72 million (28%), and Kraken facilitated $157.99 million in withdrawals (18%).

Other Notable Foundation-Linked Transactions

On July 17, another Ethereum Foundation-linked wallet transferred 3,631 ETH, valued at $12.5 million, to Kraken. Since June 8, wallets associated with the foundation have moved substantial amounts of ETH to centralized exchanges, including a total of 17,886 ETH worth $65 million. 

Additionally, on July 26, a dormant foundation-related wallet reawakened, moving 92,500 ETH, valued at $290 million, after seven years of inactivity. These significant movements have sparked considerable attention within the crypto community, raising questions about their potential impact on Ethereum’s price.

Market Performance Post-Transfers

As of this writing, Ethereum’s price stood at $2,526.05, reflecting a 3.58% decline over the past 24 hours and a 2.09% decrease over the past week. With a market cap of $303.8 billion, Ethereum remains one of the leading cryptocurrencies despite these significant transfers.

XRP Holds Above $0.58 as Another Whale Moves 97.2M XRP

Mark Brennan
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XRP Holds Above $0.58 as Another Whale Moves 97.2M XRP

On Wednesday, the unidentified whale moved 97.2 million XRP in two separate transactions to two addresses worth $48.6 million.

The price of XRP continued to hold above $0.58 as an unidentified whale jumbled 97.2 million XRP to an unknown destination. Blockchain sleuth Whales Alert reported the transaction, worth $48.6 million, in a tweet on Wednesday.

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The large fund transfer barely affected XRP, which fell over 5.5% late Tuesday following a wider market capitulation. XRP saw a slight recovery on Wednesday, as the asset was down less than 1% at the time of writing.

Whale Relocates Funds

On-chain data from XRP explorer Bithomp showed that the unknown whale with address rn8o..7kFt moved 2.9 million XRP ($1.68 million) to a new address rDrt..yS5W by 8.07 a.m. UTC. The wallet moved the funds for a mere 2 XRP ($1.16).

A minute later, the address with initials “rn80” moved another 94.325 ($54.7 million) to a yet-to-be-identified address, rnTx… DunF, by 8.08 a.m. UTC. The transaction cost the wallet 22 XRP ($12.76) to carry out.

Notably, the 94.325 XRP transferred to the new address was still in the wallet at the time of writing, showing it was a fund relocation. The wallet seemed to be new, as data showed that it was activated on the same day of the transfer.

However, the 2.9 million XRP moved to rDt….yS5W was shared among several other addresses. Data showed that the funds were moved to new wallets and major exchanges, including Binance, Kucoin, Bybit, and Crypto.com. After the transfer, the wallet had over 5.5 million XRP left.

No Cause for Alarm

The large movement of XRP is not new to the XRPL community, considering Ripple uses the asset to carry out multi-million transactions. The Crypto Basic reported that Ripple moved 200 million XRP on Tuesday. Over 41 million XRP from the transferred funds were sent to Bitstamp and Bitso, probably for On-Demand Liquidity (ODL) transactions or to meet operational needs.

Ripple also made a similar move on August 15, shuffling 100 million XRP between two addresses tied to the firm. Data also showed that Ripple moved 26.72 million XRP to Bitstamp and 20.2 million to Bitso.

“XRP and Cardano are Dead,” Market Pundit Agrees with Raoul Pal

Abdulkarim Abdulwahab
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“XRP and Cardano are Dead,” Market Pundit Agrees with Raoul Pal

Joshua Jake, a widely followed community pundit, recently reignited the argument that XRP and Cardano (ADA) are “dead,” calling for diversification.

Jake has been a long-standing critic of XRP, consistently advising market participants to divest from the token. His pessimism toward XRP stems from the asset’s disappointing performance in this bull market.

XRP and Cardano (ADA) Are “Dead”

Notably, Cardano was among the top performers at the onset of this bull run, doubling in price during the first quarter of the year. However, the emergence of bearish sentiment has severely dealt with ADA, and the token has been unable to recover over the past five months.

This lackluster performance has caused ADA to share the same frustrating trajectory as XRP.

As a result, industry experts, including Raoul Pal, CEO of Real Vision, publicly encouraged crypto enthusiasts to consider investing in assets other than XRP and ADA. Pal argued that staying overly attached to these tokens could lead to missed opportunities in the broader market. 

He urged investors to overlook the popular hype suggesting that this cycle could be the gamechanger for XRP. “Hope is not an investment strategy,” he emphasized. Pal stressed that investors should be more pragmatic and focus on assets with stronger momentum and potential for growth.

While Pal has faced backlash for his stance against XRP and ADA, Jake recently revisited this message to reinforce his belief that both assets are essentially “dead.” 

Diversify with Newer Projects 

Furthermore, Pal’s message urged the community not to get stuck in what he describes as “cults” surrounding XRP and ADA. Instead, he advised being “mercenaries” in the market, allocating capital to projects that offer the best risk-adjusted returns.

Joshua Jake echoed Pal’s sentiments, contending that while some may still see prospects for XRP and ADA to achieve modest gains, the evolving crypto landscape favors newer projects. “As the industry matures, new tokens are becoming the dominant players,” Jake stated.

Besides, he highlighted that many investors have made more significant profits with old large-cap cryptos like Ethereum or Solana, unlike most long-term XRP investors who are nursing disappointments.

Both Pal and Jake suggest that the key to navigating the current market is diversification rather than being overly focused on a signal narrative. As the debate over XRP and ADA’s viability continues, Jake’s renewed criticism adds fuel to the fire.

Expert Exposes XRP Suppression, Says XRP Market Cap Manipulation Makes it Look Small

Abdulkarim Abdulwahab
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Expert Exposes XRP Suppression, Says XRP Market Cap Manipulation Makes it Look Small

Wealth advisor Mickle stirs the waters with a bold claim that XRP’s market cap is being manipulated to make XRP appear smaller than it actually is.

The prominent XRP community figure expressed this perspective in a recent video shared on X. Mickle argued that CoinMarketCap’s calculation methods are skewed, claiming they lead to a significant underestimation of XRP’s true market cap.

According to Mickle, CoinMarketCap calculates XRP’s valuation by multiplying the token’s price by its own “arbitrary” definition of circulating supply, which it set at 56 billion XRP. This figure excludes a significant amount of XRP currently held in escrow by Ripple.

“XRP gets moved in and out of escrow repeatedly, meaning that the XRP in escrow isn’t necessarily excluded from the circulating supply—it just can’t be counted as circulating at any specific moment,” Mickle explained.

He asserts that almost every XRP in existence has been in the circulating supply at some point and that the “exclusion” of over 40 billion tokens by tracking platforms in estimating XRP’s valuation is not justified.

XRP Should Rank Just Behind Solana

While this subject has been an enduring debate in the crypto community, Mickle reignited it amid recent news of XRP briefly overtaking USDC in market share. This happened over the weekend when XRP rallied back to $0.62, commanding a $34 billion cap that surpassed that of USDC.

Rather than celebrating the milestone, the community figure lamented that XRP’s cap should actually be more than the presented figure.

Indeed, tracking platforms like CoinMarketCap exclude escrowed XRP from the token’s market cap estimation. Instead, they use “fully diluted market cap” metrics to account for the entire figure.

Mickle sees it as a deliberate act to misrepresent XRP’s might, pointing out that no other major cryptocurrency faces such a “restriction.”

He claimed CoinMarketCap counts all of Solana’s supply, including those held by the Solana Foundation, regardless of whether they are actively traded. Mickle questioned why XRP is singled out this way, suggesting it could be a conscious attempt to suppress its market cap and influence public perception.

“If every XRP were counted, XRP’s market cap would actually be around $62 billion,” Mickle asserted, “putting it just behind Solana at $75 billion.” 

However, it is worth clarifying that CoinMarketCap does not count the entire supply of Solana for its valuation, a trend observed for most tracked tokens. At least 117 million SOL tokens are excluded. If counted, Solana’s cap would be $90 billion as opposed to $71 billion.

Bitcoin Short-Term Fate Hangs in the Balance as It Tests $58,840 Support

Albert Brown
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Bitcoin Short-Term Fate Hangs in the Balance as It Tests $58,840 Support

Today’s downturn in the crypto market led to a pullback in Bitcoin’s price, retreating to the $58,000 level, testing a key support zone.

Amid Bitcoin’s crash, analyst Rekt Capital observed that BTC is attempting to establish a new support level, with the price currently hovering around the CME Gap area. This phenomenon occurs when the CME futures market opens at a price that is significantly different from the previous day’s close, creating a gap in the price chart.

Bitcoin’s current consolidation within the CME Gap area suggests a potential retest of support at this level. If the cryptocurrency can hold its ground, it could stabilize the market and potentially set the stage for a move toward the resistance level at $71,535, which has been tested multiple times but remains unbroken.

Screenshot 2024 08 28T141030818

The outcome of this retest will be crucial in determining Bitcoin’s short-term trajectory. Notably, the current support level at $58,840 was previously a resistance point when Bitcoin fell below $54,000, and it must now hold for the market to maintain bullish momentum.

Change Could Come After Rate Cuts

In addition to the CME Gap activity, Bitcoin has also faced repeated rejections from its Bull Market Support Band, a technical indicator comprised of the 20-week Simple Moving Average (SMA) and the 21-week Exponential Moving Average (EMA).

According to Benjamin Cowen, founder of Into The Cryptoverse, Bitcoin’s struggles to break above this indicator may indicate a continuation of the current sideways or downward trend.

The repeated rejection of the Bull Market Support Band suggests a weakening of upward momentum, potentially reflecting a lack of strong buying interest in the market.

As noted by Cowen, Bitcoin may remain in a period of subdued performance until broader economic conditions improve, particularly if central banks introduce interest rate cuts, which typically have a positive impact on risk assets like cryptocurrencies.

Liquidations and Volatility

In related news, the market’s recent dip has triggered a wave of liquidations. Bitcoin experienced a notable 5% drop, leading to the liquidation of long positions worth $192.90 million on Bybit within four hours.

This downturn also caused 10,000 BTC in open interest to be liquidated. The volatility has prompted warnings from platforms like CoinGlass, urging traders to reduce leverage amidst ongoing fluctuations.

Despite the sell-offs, liquidations have started to slow down, with Bybit reporting $1.42 million in liquidations over the past four hours. However, Binance experienced a higher volume of liquidations, with $4.06 million positions closed in the same period.

Shiba Inu Breaks Downtrend, Analyst Sets Buying Guide for 167% Profit

Albert Brown
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Shiba Inu (SHIB) has broken above a significant downtrend, with an analyst recently setting up a price target for an ultimate 167% uptrend.

Shiba Inu has dropped with the rest of the markrt. Despite this downward movement, many traders and analysts believe there is potential for recovery. Targets have been identified for SHIB’s price, following its recent breakout from a downward trendline.

One notable analyst on TradingView, Darshana Alwis, has outlined specific price levels for SHIB that could guide its next moves.

Downtrend Breakout Sparks New Targets

On August 20, SHIB managed to break through a prolonged downward trendline. The trendline, which began from a mid-April high, had kept SHIB in a consistent downtrend for several months.

Prior to this breakout, SHIB’s price had seen sharp declines from around the $0.00002900 mark in late May to a low of $0.00001294 before attracting renewed buying interest. Following the breakout, the price sits around $0.00001378, opening up new possibilities for traders targeting potential gains.

Screenshot 2024 08 28T113151551
Shiba Inu Price Chart | Darshana Alwis

The first price target, according to Alwis, lies at $0.00001558, representing a 37.25% increase from current levels. This level has acted as resistance in the past and could once again challenge SHIB’s upward movement. However, if breached, it may provide an opportunity for higher gains.

If SHIB can clear the first resistance level, the next target stands at $0.00002640, representing a possible 78.41% increase. At this point, traders will likely encounter more resistance, as this area could become a battleground for both buyers and sellers.

The final, more ambitious target stands at $0.00003954, representing a massive 167.23% gain from the breakout level. Reaching this point would signify a significant recovery for SHIB and may attract more speculative interest.

Large Holders’ Are Not Selling

Large holders, also known as “whales,” have shown increased activity over the past month, indicating potential bullish sentiment around SHIB. Data from IntoTheBlock reveals that whale inflows have risen by 218.84% over the past 30 days. 

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IntoTheBlock

Simultaneously, outflows from these large holders have dropped by 60.67%, suggesting a reduction in selling pressure. Notably, the recent increase in accumulation by large holders indicates renewed confidence in SHIB’s price trajectory.

Confidence is Growing

According to The Crypto Basic, confidence among Shiba Inu investors has grown, with many believing the token could replicate its impressive 2020 to 2021 rally. This optimism stems from several bold projections for SHIB’s future price.

One of the most ambitious targets is $0.01, a staggering 72,468% increase from current levels. Market analyst Luis “Del Crxpto” Delgado has been a strong proponent of this goal.

In a statement from March, Delgado expressed certainty that SHIB would eventually reach $0.01, citing the performance of Dogecoin as an example of how such a surge is possible.

Shiba Inu’s marketing lead, Lucie, has also shared a positive outlook on SHIB’s potential to hit this milestone. However, she has acknowledged that while $0.01 may be attainable, it is likely a long-term target.

Here’s the Time the SEC Has to File an Appeal Against Ripple

Mark Brennan
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Here’s the Time the SEC Has to File an Appeal Against Ripple

The SEC has 39 days left to contend the court ruling on its legal battle with Ripple, as the appeals deadline approaches.

While Ripple and the XRP community continue to bask in their partial well-fought victory against the US Securities and Exchange Commission (SEC), an important date remains to finally end the years-long legal battle.

It is uncertain if the top regulator will appeal the August 7 partial victory or not, but it can contend the ruling on or before October 6.

The Ripple legal team also has until then to appeal some parts of the rulings the SEC won. It is worth noting that the final court decision on the SEC vs. Ripple case was a partial victory for both parties.

The Clock Is Ticking

The preceding judge in the case, Judge Analisa Torres, ruled that Ripple must pay the US SEC a $125 million fine. She noted that the regulator had 60 days to appeal the remedy decision. Notably, the fine was a whopping 94% reduction in the $2 billion the US top regulator intended for the digital payment giant to pay.

Since the ruling, the SEC has not made an official statement about appealing the victory, but speculation has swayed toward a potential appeal. Analysts have pointed to a possible declaration that the regulator might appeal the July 23 ruling that XRP was not a security when sold to secondary investors.

Judge Torres ruled in July 2023 that XRP was not a security of itself. However, she declared that Ripple’s sales of XRP to institutional investors constituted unregistered securities offerings.

10% Chance of Reversal

While the uncertainties swell, Ripple’s Chief Legal Officer, Stuart Alderoty, is confident that an appeal will not likely change the course of the case. He stated that the SEC has a 10% chance of getting the case overturned with an appeal.

Alderoty pointed to the meager chances of victory in the Second Circuit, stating that the appeal might be dead on arrival following statistical trends. The CLO also said that Torres’s careful evaluation of the case meant the SEC may not see a new card to play during the appeals.

Meanwhile, the window for the appeal is down to 39 days at the time of writing, as the XRP community continues to hope the SEC doesn’t extend the case, which has lasted for four years. XRP traded at $0.574, down over 2% in the past 24 hours.

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