Ripple XRP Price Prediction as SEC Appeal Deadline Nears – Kaspa’s TVL Worries Holders – New Non-Custodial Goliath Takes Centre Stage!
The post Ripple XRP Price Prediction as SEC Appeal Deadline Nears – Kaspa’s TVL Worries Holders – New Non-Custodial Goliath Takes Centre Stage! appeared on BitcoinEthereumNews.com.
As the SEC appeal deadline approaches, Ripple XRP investors prepare for potential price movements. Meanwhile, rising concerns over Kaspa’s TVL spike are affecting holders. A new non-custodial platform called Lunex Network is also garnering attention for its unique features and growth potential in the DeFi space. Let’s find out more about these altcoins. Ripple (XRP) Could Hit $1 By December Ripple XRP’s price has surged dramatically following the circulation of the news on the possibility of an SEC appeal on X and other social media platforms. On September 28, 2024, XRP was trading at $0.5878. XRP’s price rally opened at $0.6072 and has climbed above $0.6401. This surge can be attributed to several factors, including Ripple’s recent partnership with India to facilitate oil purchases from Saudi Arabia, potentially unlocking a $500 billion market. Additionally, Turkey’s second-largest bank is now accepting XRP, and thus further boosting investors’ interest in XRP. However this sentiment was short lived, the primary driver of XRP’s price Dip is the SEC’s potential appeal. The deadline for this appeal is October 6. If the SEC proceeds with its appeal, it could alter XRP’s current price trajectory. Some investors worry that any changes to the existing court ruling might lead to a sharp decline in XRP’s price. Nevertheless, if there is no appeal, analysts predict XRP could rise above $1 by December 2024. Kaspa (KAS) TVL Spike Worries Holders Kaspa’s recent surge in Total Value Locked (TVL) has triggered concerns among holders due to rising volatility. Following key events like a major Binance Live session that drew attention to the network, Kaspa’s trading volume increased fourfold, sparking heightened activity from short-term traders. This shift has introduced potential instability as many Kaspa long-term holders consider liquidating positions. Although key metrics like Kaspa’s market valuation remain solid, this sudden influx…
Filed under: News - @ October 6, 2024 6:03 pm