Crypto News: Ripple (XRP) Lawsuit Victory Propels Crypto Market into the Green; Dogecoin (DOGE) and Tradecurve (TCRV) Surge
The crypto market is experiencing a significant upswing following Ripple’s recent legal triumph against the US Securities and Exchange Commission (SEC). On Thursday, a US court ruled that XRP should not be classified as a security, marking a watershed moment not only for Ripple but for the entire cryptocurrency industry. As a result of this favorable ruling, Ripple (XRP), Dogecoin (DOGE), and Tradecurve (TCRV) have emerged as the top gainers, soaring in value.
Ripple (XRP) Achieves a New 2023 High:
After securing the victory in court, Ripple’s native coin XRP has witnessed an astonishing surge of 90%, reaching a new 2023 high at $0.91. The price of XRP is currently trading at $0.79, and efforts are being made to maintain its position above the recently established support level of $0.787-$0.778.
Notably, in the past 24 hours, Ripple’s trading volume on the South Korean crypto exchange Upbit surpassed even that of Bitcoin. The XRP/KRW trading pair alone recorded an impressive trading volume of $2.6 billion. With this surge, Ripple has now ascended to the fourth position in the cryptocurrency market, boasting a market capitalization of over $41.8 billion. Market analysts are optimistic about XRP’s price trajectory, expecting further gains in the coming days.
Dogecoin (DOGE) Records a 7% Surge:
Dogecoin, the beloved meme-inspired cryptocurrency, has struggled to rally fully since April 2023. As of the time of writing, Dogecoin is trading at $0.070363, representing a 7.65% price increase in the last 24 hours. Technical analysis of the weekly time frame indicates that Dogecoin’s price has fallen below a descending resistance line, which had previously capped its highest price at $0.739 in May 2021.
Although Dogecoin experienced a decline that bottomed out at $0.049 in June 2022, it subsequently recovered and has been trading above the $0.060 horizontal support level. However, the cryptocurrency has yet to surpass the long-term descending resistance line that has been in place for 798 days. Presently, Dogecoin has support at $0.066343, $0.062118, and the strongest support at $0.059593, making it an opportune time for investors to consider purchasing Dogecoin.
Tradecurve (TCRV) Skyrockets 80% Amid Crypto Market Recovery:
In addition to Ripple and Dogecoin, Tradecurve is also experiencing a bullish trend during this altcoin rally. The token has surged from $0.010 to $0.018, marking an impressive 80% jump. The current focus is on a new price target of $0.025, which would represent a further 40% increase from the present value.
Changing the Landscape of Trading:
Tradecurve stands out from traditional platforms like Gemini and Huobi due to its unique approach to user privacy, as it does not impose KYC requirements. Users can conveniently access the platform using only their email addresses, and it offers an array of features, including leverage starting at 500:1 and negative balance protection.
Moreover, Tradecurve offers users access to multiple trading markets, allowing them to trade various assets such as options, commodities, ETFs, CFDs, stocks, indices, and cryptocurrencies. Additionally, the platform’s native token TCRV provides valuable utilities, including discounts, governance rights, staking rewards, and access to exclusive features.
Long-Term Price Prediction for Tradecurve (TCRV):
Considering Tradecurve’s potential to increase the usage of its native token through its access to multiple markets, experts are predicting a significant price surge. Currently priced at $0.018 per token, TCRV is forecasted to reach $1.8 before the end of 2023, presenting an exciting opportunity for investors.
In conclusion, the recent favorable ruling in Ripple’s lawsuit has injected newfound optimism into the crypto market, leading to notable surges in XRP, Dogecoin, and Tradecurve. While Ripple’s victory sets a precedent for the industry, investors are closely monitoring the potential growth of these tokens, especially Tradecurve, which holds promising prospects for the future.