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Blockchain News: Ripple Aiming for $3.40, Pump.fun Faces Decline, and BlockDAG's No Vesting Strategy

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by Giorgi Kostiuk

a day ago


Recent developments in the cryptocurrency world include a rising forecast for Ripple, a price drop for Pump.fun, and a new offering from BlockDAG.

Ripple (XRP) Forecast

The Ripple (XRP) price forecast has strengthened as legal risks recede. Following the conclusion of its legal battle with the SEC, institutional interest has surged. In June, XRP fell to $1.94 due to geopolitical concerns and market instability. However, with the conclusion of the conflict, optimism is rising, and Ripple has applied for a U.S. banking license. As a result, XRP broke the $2.40 resistance level, and analysts are now setting a target of $3.40.

Pump.fun (PUMP) Market Analysis

Market analysis of Pump.fun (PUMP) shows a sharp drop of 22.65% following the transfer of 13.75 billion PUMP tokens worth $55 million to Wintermute. Although aimed at liquidity provisioning, this operation had a negative impact on the market. Currently, PUMP trades around $0.005857, under pressure and needing to recover above $0.0075 to regain lost ground.

BlockDAG No Vesting Offer

BlockDAG is offering a unique six-day window where new purchases will be made with no vesting, meaning immediate access to full token allocations. This change minimizes buyer waiting times and promises to simplify market entry significantly. During this period, $343 million was raised with 24 billion tokens sold, demonstrating high investor interest.

Updates in the cryptocurrency space showcase different strategies among projects, with Ripple having growth ambitions, Pump.fun facing challenges after a recent decline, and BlockDAG offering unique no-vesting terms. These events highlight the dynamic development and volatility of the cryptocurrency market.

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