A recent court decision in favor of Ripple Labs against SEC has sparked bold XRP price predictions. Meanwhile, BlockDAG Network successfully completed its presale, raising $66.2 million.
XRP Price Predictions
Following the court decision in the US in favor of Ripple Labs against the SEC, various predictions of a sharp rise in XRP price have appeared online. One such prediction was made by @amonbuy on X, who forecasted a price rise to $57 by 2025. As of now, XRP is trading at $0.56, down 5% over the past year and 85% below its all-time high of $3.84. A more daring prediction came from @JavonTM1, who expects the price to rise to $263, implying a 42,000 percent increase. "Logarithmically, the target for XRP is around $263. XRP is nearing a convergence point after almost 7 years of consolidation and pattern development, showing numerous signals for a bullish breakout," he wrote.
XRP Futures and ETFs
Plans to trade CFTC-regulated XRP futures on Bitnomial could increase the value and price of XRP. Such products often precede the emergence of ETF on the spot market, which could attract significant capital from traditional markets. The first crypto ETFs on the US spot market were launched in January 2024 with the Bitcoin ETF, followed by the Ethereum ETF in July 2024. The cryptocurrency market is also awaiting moves by the Fed regarding a potential rate cut at the FOMC in September 2024, which could increase capital inflow into the crypto sector.
Latest Updates from BlockDAG Network
The BlockDAG Network project recently completed its presale, raising $66.2 million. According to developers, updates are currently underway for the BlockDAG X1 mobile app and the blockchain explorer. Developers are working on improving the login process, enhancing the user interface, and optimizing the backend. These updates aim to increase performance and reduce response times. "We are also refining leaderboard and referral system modules for more efficient handling of larger datasets," notes the latest update.
Bold XRP price predictions, potential futures and ETFs, and the latest updates from BlockDAG Network highlight the high dynamics of the cryptocurrency market. This can easily be interpreted by market participants as high volatility and uncertainty.
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