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Donald Trump Embraces Crypto Community, Vows Unwavering Support

Mark Brennan
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Donald Trump Embraces Crypto Community, Vows Unwavering Support

Donald Trump has pledged his support for cryptocurrencies, vowing to safeguard the interests of crypto investors while accepting campaign donations in crypto. 

Donald Trump, former US president and current presidential candidate for the Republican Party, has declared support for cryptocurrencies, pledging to protect the interests of crypto market participants. 

In his presidential campaign speech, Trump faulted the current government for their ignorance and stance on digital assets, claiming, “they don’t even know it.” The Republican flagbearer for the 2024 US elections also pointed out the excessive regulations against cryptocurrencies by the Biden administration.

In light of this, Trump boldly declared that individuals who are proponents of cryptocurrencies in any form should consider voting him into office. According to him, his embrace is to enthusiasts of cryptocurrencies in “different forms,” a remark that deviates from Bitcoin maximalism.

Trump’s current stance on cryptocurrency departs from his previous view of Bitcoin as a “scam.” In 2021, the former US president identified Bitcoin as a threat to the US dollar’s position as the world’s reserve currency. He stressed his determination to maintain the dollar’s dominance, adding, “I want one currency, I want the dollar, I don’t want people leaving the dollar.”

Despite his earlier doubts, Trump has ventured into the crypto arena by launching his branded NFTs, acknowledging the significant interest in and transactions involving cryptocurrencies in this market. He expressed surprise at the adoption rate of the NFT collectibles.

Presidential Candidates Adopt Contrasting Stance Over Crypto Policies

According to Fox News reporter Eleanor Terret, cryptocurrency has emerged as a focal point of debate, with the two “presidential frontrunners” having contrasting views regarding cryptocurrencies.

President Joe Biden has taken a similar position with the Democrat, Senator Elizabeth Warren, and SEC chair Gary Gensler. Biden backed the SEC’s regulatory framework and called for regulatory enforcement. Recall that pro-XRP attorney John Deaton is looking to unseat Warren as Senator. 

Donald Trump has also adopted a contrasting viewpoint to the Democrats, pledging to shift away from the stringent approach towards cryptocurrency in the US. Furthermore, he strengthened this stance by committing to accept campaign donations in cryptocurrencies.

Whale Shuffles $1.57B in Solana as SOL Falls Below $146

Albert Brown
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Whale Shuffles $1.57B in Solana as SOL Falls Below $146

A whale address recently moved 11 million Solana (SOL) worth $1.57 billion as SOL dropped below $146, stirring market speculation about the potential motives behind the move.

According to a disclosure from whale-tracking resource Whale Alert, in the past 24 hours a huge transfer occurred on the Solana blockchain where over 11 million SOL tokens, worth about $1.57 billion at the current market rate, were transferred. 

The transaction occurred between unidentified addresses at 23:58 UTC on May 8, 2024. Subsequently, the crypto market is buzzing with speculation about the implications of the movement, as it coincides with a persistent downturn in the Solana and broader crypto market. 

The enigmatic nature of the transaction has set off much talk about the reasons behind the movement, including strategic investment manoeuvres, consolidation of funds for improved security or operational flexibility. 

Interestingly, Whale Alert called attention to three similar whale movements earlier this month, with 11 million SOL moved on May 1. Three days later, the market witnessed the transfer of 11.029 million tokens on May 4, and another transaction involving 11 million SOL that day.

Solana Faces Price Turbulence

The latest movement comes as Solana experiences massive volatility. On the day of the transaction, SOL fell below $146 after the bulls failed to take out the sellers located at the resistance around the $160 mark. As a result, Solana dropped 9% in just a span of 48 hours. 

Despite the slumping price, the market remains lively on Solana, with a day record of 24-hour trade volume amounting to $2.7 billion and a market capitalization of over $64 billion.

Following this transaction, the price of SOL has been under scrutiny. The crypto has managed a 10.43% increase over the past week, outperforming the overall crypto market which has risen by 2.00%.

Technical analysis indicates a neutral market condition with the Money Flow Index (MFI) at 51.90. This tool is crucial for assessing buying and selling pressure, suggesting that the market is neither overbought nor oversold. Additionally, key support and resistance levels have been identified around 140 USDT and 148 USDT.

Ripple Stablecoin Eyes $3T Market Despite Security Status Concerns 

Lele Jima
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Ripple Stablecoin Eyes $3T Market Despite Security Status Concerns 

Ripple has provided insights into stablecoin, highlighting its types, use cases, and projections in anticipation of its forthcoming stablecoin.  

The stablecoin space has been garnering momentum recently. At press time, the market is valued at around $160 billion, with Tether’s USDT accounting for over $110 billion of this valuation. 

Ripple Eyes Stablecoin Market Potentials 

Like most crypto sectors, the stablecoin market has also received mouthwatering forecasts. Top analysts project that the market could reach a valuation of $3 trillion by 2028. Prominent brokerage firm Bernstein issued this forecast last year. 

Interestingly, Ripple referenced Bernstein’s forecast about the stablecoin market in its recent report on the digital asset. Ripple said the $3 trillion forecast represents a 22x surge from the market’s valuation at the time of the report. 

Recognizing this potential, Ripple plans to introduce a USD-backed stablecoin later this year on two prominent blockchains – XRPL and Ethereum. The leading payments company intends to venture into the stablecoin market early before the projection materializes by 2028. 

By doing so, Ripple will rival other prominent players in the stablecoin sector, including Tether and Circle, whose stablecoins are the top two by market cap. 

Ripple’s Latest Insight on Stablecoin 

In preparation for its stablecoin launch, Ripple highlighted the types, benefits, utilities, and use cases of the digital asset. 

According to Ripple, the three types of stablecoins are fiat-collateralized, crypto-collateralized, and algorithmic (non-collateralized). Notably, the upcoming Ripple stablecoin is fiat-collateralized and backed by USD at a 1:1 ratio. 

Fiat-collateralized stablecoins are mainly used for daily transactions and payments, cross-border settlements and remittances, trading pairs on exchanges, and integration into decentralized finance (DeFi) applications. 

Speculations Regarding Ripple’s Stablecoin 

Speculation surrounds the upcoming launch of Ripple’s stablecoin. Several crypto enthusiasts believe Ripple intends to use its forthcoming stablecoin to serve ODL customers in the U.S. 

Since the SEC seeks a permanent injunction on all Ripple’s XRP sales to institutional clients, experts speculate that the company will use its forthcoming stablecoin as a bridge asset on ODL to serve U.S. customers. 

SEC Labels Ripple’s Stablecoin Unregistered Crypto Asset 

Meanwhile, Ripple’s blog post comes a few days after the SEC classified its upcoming stablecoin as an unregistered crypto asset. 

In its remedies reply brief, the SEC characterized Ripple’s proposed stablecoin as an unregistered crypto asset. The regulatory agency made the assertion while emphasizing Ripple’s violation of securities laws via its sale of XRP to institutional clients, particularly ODL customers, between 2013 and 2020. 

The SEC believes Ripple will use the stablecoin to navigate the United States regulatory landscape if the court grants its permanent injunction requests. 

Nonetheless, Ripple’s piece on stablecoin aims to clarify certain misconceptions regarding its forthcoming digital asset.  

Shiba Inu Calls SHIB Army for this Epic Event: Details

Abdulkarim Abdulwahab
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Shiba Inu Calls SHIB Army for this Epic Event: Details

The Shiba Inu ecosystem official X account has called the SHIB Army to graze an occasion where it will be speaking for the first time ever.

The official X account of the Shiba Inu ecosystem has invited SHIB enthusiasts to a discourse where it plans to address community members in speech for the first time. This event is unfolding through an X Space scheduled for today at 7:00 PM UTC.

Shiba Inu To Speak for the First Time

In the announcement, the verified Shiba Inu X handle stressed that this upcoming event will be its inaugural appearance on Twitter Spaces. Highlighting the occasion’s significance, it encouraged community members to set a reminder and join in when it goes live.

Notably, the Shiba Inu team has prepared a nostalgic journey for the X Space event, promising to share epic tales from SHIB’s initial chapters. Attendees can expect to explore the project’s storied past and celebrate the milestones that have shaped its success through the years.

The host of this scheduled event is K9 Finance DAO, Shiba Inu’s partner and validator on the Shibarium blockchain.

K9 Finance has expressed delight in hosting this mega-event, which is part of its Weekly DAO Update series. It teased an electrifying experience, stating, “We’re gonna shock the world with Shiba Inu as they speak for the first time ever.”

Shiba Inu Army Reacts

Notably, members of the community have shown enthusiasm for the upcoming event. However, there is a growing curiosity regarding who will represent the SHIB team and speak through the official Shiba Inu X account.

Additionally, there is speculation about the mode of communication—whether the Shiba Inu team will speak with a natural human voice or adopt an AI voice.

Shiba Inu community asks questions
Shiba Inu Community Queries

This curiosity is fueled by past events, such as the Shibarium unveiling last year, where Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, addressed the community using an AI voice.

Meanwhile, some community members anticipate that the upcoming X Space event will include discussions about BONE, Shibarium’s gas token. They expect insights into its significance, viewing it as potentially akin to the ETH token within the Shibarium ecosystem.

Cardano Founder Announces Plan to Launch FPS Game on Hydra

Sam Wisdom Raphael
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Cardano Founder Announces Plan to Launch FPS Game on Hydra

Cardano founder Charles Hoskinson recently revealed plans to onboard Doom, a 1990s first-person shooter (FPS) game, on Hydra, Cardano’s layer-2 scaling solution.

While blockchain technology has penetrated several industries, notably finance, it has not gained as much traction in gaming. This reality has triggered angst among blockchain and gaming enthusiasts such as Charles Hoskinson, who aim to witness the best of both worlds in one offering.

Hoskinson, who doubles as an avid gamer besides his foray into blockchain, is taking a step forward in addressing this issue. The Cardano founder recently posted a 37-second clip featuring gameplay of 1990s gaming sensation Doom, one of his favorite games.

Doom to Launch on Hydra

However, while Hoskinson has always discussed gaming with his large following, the latest disclosure was pivotal, as he confirmed plans to launch Doom on Hydra. Launched last May, Hydra is a Cardano layer-2 solution aimed at bolstering scalability.

The decision to on-board Doom on Hydra further dispels previous circulating rumors that Cardano had abandoned the layer-2 scaling solution. A YouTube analysis channel in March alleged that the Cardano team had pivoted away from Hydra, a claim Hoskinson immediately dismissed as “pure FUD.”

Doom is a first-person shooter video game series known for its fast-paced action and pioneering graphics. Launched by id Software, Doom is often credited with popularizing the FPS genre and has had a significant impact on the gaming industry since its release in 1993.

Cardano Community Reacts

Its launch on Hydra would give Cardano proponents the opportunity to play the game on-chain, an imminent development that has so far sparked a positive response from the community. Industry commentators like Big Pey and Chris O’Connor touted the move as the perfect use case for Hydra.

Amid the prevalent excitement, some enthusiasts have questioned the practicality involved in on-boarding the game on Hydra. In response to this query, Hoskinson confirmed that the entire game would run on Hydra heads as smart contracts. For context, every Hydra head serves as a mini-ledger.

As noted earlier, the GameFi industry has seen some turbulence over the years, but this is largely due to a shift in focus from entertainment, playability, and graphics. A CoinGecko report last November indicated that about 2,127 blockchain game projects have died over the last five years, representing a failure rate of 75%.

One of the ways to ensure the imminent Doom project on Hydra does not follow this path is to retain its appeal to everyday users. Trym Måke Bruset, a Product Manager at IOG, also confirmed plans to launch the project on Cardano. However, with details currently scant, it remains to be seen if it will operate as a play-to-earn (P2E) game.

Bitcoin Cash Eyes Rebound to $600 as Whales Invest $50M

Mark Brennan
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Bitcoin Cash Eyes Rebound to $600 as Whales Invest $50M

Bitcoin Cash (BCH) price has found support at the $450 territory on Wednesday May 9, after bears averted a $500 retest 48 hours earlier.

Crypto whale investors have been spotted capitalizing on the BCH price pullback this week to stack up their holdings. Is Bitcoin Cash price setting up for a parabolic breakout above $600 in May 2024?

Is Bitcoin Cash Price Going Up?

Bitcoin Cash price has regained upward momentum in May 2024 after a post-halving sell-off had triggered a 40% pull back in April. The BCH halving executed on April 3 has sparked fears of a major market crash, which prompted investors to take a caution position on BCH over the past month.

Bitcoin Cash BCH Price Action
Bitcoin Cash BCH Price Action

That concern seems to have eased up as BCH began May 2024 with a 6 consecutive green candles and delivering a blistering 25% rally in the process.

As seen above, the BCH price rally hit a roadblock at $500 territory on Tuesday, May 7. Fatigued bulls and swing traders have since succumbed to a 9% BCH pull back in 48 hours, as prices tumbled toward $448 mark at the time of writing on May 9.

Bitcoin Cash Whales Invested $60 Million after Post-Halving Sell-off

Looking beyond the 9% price remission, on-chain movements observed among whale investors suggest the Bitcoin Cash rally is far from over.

Santiment chart below presents historical changes in the stash of coins controlled by whale wallets holding at least 100,000 BCH (~$44.8 million). This provides data-driven insights into real-time swings in whale trading activity on any blockchain network.

Bitcoin Cash Price vs. BCH Whales Wallet Balances | Santiment
Bitcoin Cash Price vs. BCH Whales Wallet Balances | Santiment

As depicted above, there have been frenetic swings in the Bitcoin Cash whales activities over the past month. Following the Bitcoin Cash halving event on April 3, the whales entered a major sell-off frenzy, cutting down their balances to 4.17 million at close of April 13, which played a pivotal role in what became a 43% price crash by the end of the month.

However, as the post-halving market FUD (Fear Uncertainty and Doubt) eased up, the resurgent whale appears to have returned to accumulation mode in May 2024.

The chart above shows that since the BCH price rally halted on May 7, rather than join the selling frenzy, the whales rapidly acquired 100,000 BCH behind the scenes.

Valued at the current BCH price, the whales have effectively invested approximately $50 million within the last 48 hours.

Given that whale investors often have longer-term investment horizons, taking out such a large amount of coin from the circulating supply could set BCH up for a price breakout towards $600 as May 2024 unfolds.

More so, seeing whales enter buying mode, strategic bull traders on the sidelines could consider it a positive signal to enter the fray in the day ahead, injecting fresh capital inflows and ultimately driving the next phase of the Bitcoin Cash price rally in May 2024.

Bitcoin Cash Price Forecast: $600 Target in Focus

Bitcoin Cash price is currently hovering around the $450 mark at the time of writing on May 9 down 9% from monthly peak of $493. However, whales accumulating $50 million worth of BCH in the last 48-hours, signals that investors can anticipate an imminent price rebound towards $600 in the coming days.

However, to validate this bullish BCH price forecast, bulls must first establish a steady support cluster above the 20-day SMA price level at $470.

Bitcoin Cash BCH Price Forecast
Bitcoin Cash BCH Price Forecast

The Bollinger band indicator further highlights that the $470 resistance poses the largest near-term resistance to a potential BCH price uptrend.

In terms of near-term support levels, bulls can rely on the $417.5 cluster to prevent a major price reversal in the days ahead.

Shiba Inu Reveals Exciting Details about This Project

Lele Jima
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Shiba Inu Reveals Exciting Details about This Project

Shiba Inu marketing lead Lucie has taken to X to tease the upcoming launch of the cryptocurrency’s play-to-earn collectible card game (CCG) Shiba Eternity.

“Shiba Eternity Play-to-Earn game is coming to #Shibarium,” Lucie echoed in an X post.

Interesting Details About Shiba Eternity 

The prominent Shiba Inu marketing specialist revealed some exciting details about the Shibarium version of the game. According to Lucie, Shiba Eternity players can earn the upcoming reward token TREAT by merely playing the game.

Despite Shiba Inu raising $12 million from selling TREAT to VCs, Lucie emphasized that the token has not yet launched.

She noted that players need to own Shiba Inu’s NFT Shiboshi to earn rewards within Shiba Eternity. Previously, Lucie confirmed that Shiboshi would serve as a prerequisite for engaging in certain reward-generating activities within the game. This would subsequently enhance user engagement and contribute to the broader Shiba Inu ecosystem. 

Furthermore, she highlighted SHEboshis’ (SHEB) role within the game, noting that the DN404 token would be crucial for future breeding. According to Lucie, the breeding act would create new virtual puppies using the DN404 standard. 

Besides being used in breeding, Lucie mentioned that SHEB would also play other roles in Shiba Eternity. 

How Shiba Eternity Can Contribute to SHIB Burns 

In addition, Lucie disclosed how Shiba Eternity would contribute to the ongoing SHIB burn campaign. 

Since Shiba Eternity will launch on Shibarium soon, Lucie noted that every transaction within the game requires Bone ShibaSwap (BONE), the network’s official gas fee token. 

Consequently, a portion of the transaction fees generated from Shiba Eternity will be used to buy and burn SHIB.

Ongoing Development & Possible Launch Date 

For context, Shiba Inu first introduced the non-blockchain version of the game in October 2022. The initial version, which top entertainment company PlaySide Studio developed, allows players to engage in strategic card battles. 

Following the game’s success, the development team is building a P2E version that will be deployed on Shibarium. The team has identified and fixed critical Shiba Eternity bugs in preparation for the beta testing scheduled to commence in Q2 2024. 

After completing the beta testing, the team will deploy the P2E version of Shiba Eternity on the Shibarium mainnet. At press time, there is still no official date for its mainnet launch. However, Lucie shared an unconfirmed report in December 2023, stating that the game’s mainnet launch could occur this year. 

XRP and XMR See Spike in Social Volume Amid Regulatory Scrutiny

Albert Brown
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XRP and XMR See Spike in Social Volume Amid Regulatory Scrutiny

Monero (XMR) and XRP face surging social volumes due to LocalMonero’s shutdown and Ripple’s ongoing regulatory scrutiny.

According to the latest analysis by Santiment, social volumes around Monero (XMR) and XRP have suddenly surged to unusual points. More attention is growing towards the two, coming off some of the recent developments around their respective ecosystems.

Notably, LocalMonero, a peer-to-peer trading platform for Monero, is closing down due to increased government scrutiny. Ripple, on the other hand, remains in a constant struggle with the SEC, particularly over the remedies for its illegal sales of XRP and the SEC’s branding of its upcoming stablecoin project as a crypto asset.

LocalMonero Shutdown

The decision to wind up services by LocalMonero lit up a widespread conversation on Monero. The governments are tightening the screw on privacy-focused cryptos like XMR, affecting the platforms that facilitate the peer-to-peer trading business.

As a result, sentiment around Monero remains mixed, leaning slightly positive. Despite the disruption, Monero’s price is $131.85, reflecting a 1.96% increase in the last 24 hours and a 6.85% gain over the past week.

XRP Regulatory Challenges

Meanwhile, XRP remains under a cloud of regulatory challenges despite being declared non-secure last July by Judge Analisa Torres. This cloud is due to the struggles Ripple faces around the remedies demanded from the SEC in the age-old lawsuit.

In addition, the U.S. SEC recently dubbed Ripple’s forthcoming stablecoin project an “unregistered crypto asset” in its reply to Ripple’s opposition brief. This label has triggered concerns about possible regulatory challenges that could trouble the stablecoin following its launch later this year.

However, in the face of these, XRP has increased by 2.34% over the past seven days, more than the 2.8% gain the broader cryptocurrency market exhibited.

Market Sentiments and Technical Analysis

For Monero, the exponential moving average (EMA) sits below the current price at $128.48, indicating a potential short-term bullish trend. The Relative Strength Index (RSI) reads 51.53, suggesting a balanced market without overbought or oversold conditions.

XRP and XLM
XMR chart USD

Similarly, for XRP, the 9-day EMA is at $0.5244, slightly above the current price, suggesting resistance. The RSI reads 44.68, pointing to a consolidation phase, with the market awaiting regulatory clarity to determine the next move.

Against this market turbulence, Ripple is reaching out to more partnerships and expanding their base with the Tokyo-based HashKey DX and SBI Group. The idea is to tap into Japanese land with XRPL-powered enterprise solutions. Their initial focus is on supply chain finance.

Biggest UK Fintech Launches Trading Platform Supporting XRP

Abdulkarim Abdulwahab
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Biggest UK Fintech Launches Trading Platform Supporting XRP

Revolut, the largest fintech company in the U.K., has launched a new crypto trading platform that allows professionals to trade XRP among other digital assets.

Revolut has marked its territory in the cryptocurrency exchange arena by unveiling Revolut X, a crypto trading service catering to professional crypto traders. The firm announced this development via a press statement on its official website on May 7.

The announcement detailed that Revolut’s objective in launching this professional-grade trading platform is to rival top exchanges by providing seamless transitions into and out of crypto positions, coupled with competitive fees.

Specifically, Revolut X charges a zero maker fee and a 0.09% taker fee, applicable regardless of the trade size. The company emphasizes that current Revolut users can benefit from the integrated trading experience within the Revolut ecosystem without any fees, restrictions, or impediments.

Notably, traders on Revolut X are required to hold a Revolut retail account to access the new exchange. They will benefit from real-time trading and sophisticated analytics. In particular, Revolut X incorporated TradingView charts to offer a suite of market tracking tools and technical indicators.

Revolut X Supports XRP

Following the launch, seasoned crypto traders will have the opportunity to purchase and sell over 100 crypto assets, including XRP, for the first time via a desktop. It is worth noting that the new stand-alone exchange platform is optimized explicitly for larger screens such as laptops. Essentially, Revolut X is not compatible with smaller devices like mobile phones.

Furthermore, Revolut has stated that most users’ assets are secured in cold storage. Revolut’s decision to feature XRP among the 100 cryptocurrencies supported in the initial launch phase has elicited a reaction from the XRP community.

Prominent community figure WrathofKahneman suggested that Revolut X’s zero maker fees and nominal 0.09% taker fee could position it as a formidable rival to Uphold, a U.S.-based crypto platform known for supporting XRP.

Notably, other supported digital assets include Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and Dogecoin (DOGE).

Revolut started out as a money transfer service in the U.K. in 2015. Over the years, it has expanded to become one of the most prominent fintech enterprises in the U.K., with a global user base of over 40 million.

In 2017, Revolut entered the crypto space to enable users to purchase, hold, and exchange digital currencies. Now, it has introduced a stand-alone trading platform. The company then added XRP alongside Bitcoin Cash (BCH) to its list of tradeable assets in May 2018.

The company views Revolut X as a significant stride towards establishing itself as the premier financial application for novice and expert cryptocurrency users.

If XRP Follows Tesla History It Can Rise 3,354% to $17.9

Sam Wisdom Raphael
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If XRP Follows Tesla History It Can Rise 3,354% to $17.9

XRP has the potential to record a 3,354% price upswing to the $17,9 price level if it tracks the performance of Tesla over the past decade.

The cryptocurrency market has slipped into another short-term bearish phase, with the prices of most crypto assets down over the last 24 hours. XRP, which has not performed as well as these assets in the ongoing bull run, has also recorded similar declines amid the retracement.

This persistent bearishness has contributed to a drop in optimism among market participants. The ongoing trend also played out in June 2022, with XRP sinking to a low of $0.33. Amid the downtrend at the time, market analyst EGRAG presented a monthly chart tracking the performance of automotive firm Tesla.

Tesla Chart Demonstrates the Power of Patience

The analyst leveraged this chart to demonstrate the power of patience to XRP holders, reiterating that individuals who refuse to allow their emotional response to market turbulence control their investment decisions would always make the best investors. 

He juxtaposed Tesla’s performance over a decade with XRP’s potential performance in the next decade. Citing market data, EGRAG stressed that an individual who invested $10,000 in Tesla to procure 3,333 shares in 2010 would have made $4.2 million in November 2021 when the price hit an all-time high of $414.5.

It bears mentioning that EGRAG’s chart indicates an ATH of $1,283 in November 2021 because it had not been adjusted for the Tesla stock split. For context, Tesla executed a 3-for-1 stock split in August 2022, increasing the number of shares by 3 times and equally reducing the worth of each share to maintain the value held by shareholders.

Most recently, EGRAG called attention to the commentary he presented two years ago, emphasizing its significance today as XRP’s underperformance continues to trigger investor angst. 

XRP Can Rise to $7.62 if It Tracks Tesla’s Performance

The Crypto Basic leveraged this to provide a glimpse of what XRP’s price can be if it actually follows Tesla’s growth trajectory over the past decade. In May 2014, Tesla traded for an average of $12. At its current price of $174.72 today, the stock has increased by 3,354% over the last decade.

Tesla 1M Chart
Tesla 1M Chart

If XRP tracks Tesla’s decade-long performance for the next decade, its price could soar 3,354% to $17.92 in May 2034. At this price, $10,000 invested in XRP today, which would procure 19,230 tokens, will yield $344,601. However, projections from market analysts suggest this might be an underestimate.

For instance, analysts at Changelly believe XRP could hit a maximum price of $23.48 in 2033, marking a 4,415% price increase. While this is not guaranteed, it is especially feasible considering the volatile nature of the crypto market.

EGRAG himself recently set a target of $17 for XRP amid the current price performance. Meanwhile, some analysts look beyond the projected two-figure value, with market watcher Javon Marks predicting an XRP rise to $200 and The Block Bull setting a price target of $246 following the Bitcoin halving.

Despite the appeal these projections bring, it is important to note that they are not particularly a guarantee. As a result, investors should not make any investment choices based on them. The market could move against XRP, leading to sustained underperformance or move in its favor, resulting in price upswings.

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