Ripple ($XRP) Token Unlock Stifles Price, But For How Long?
Ripple holders are still riding high on news that the SEC have announced a settlement to the ongoing lawsuit that accused Ripple Labs of selling illegal unregistered securities. Ripple Labs was hit with a small fine, far below the billions of dollars that was expected by insiders.
Crypto Markets Set For Huge Growth In Coming Months
The crypto markets have been showing signs of a huge recovery in recent weeks, and this is set to continue throughout the rest of 2024. Several key developments have been driving this bullish momentum, including positive regulatory news for Ripple ($XRP) and the upcoming release of Binance CEO CZ.
Ripple Holders Still Waiting For $2 Price Point
Ripple holders have been closely following the latest news in the SEC lawsuit against Ripple Labs, which has been accused of selling illegal unregistered securities. Insiders have been expecting a settlement to the lawsuit for several months now, with some predicting a huge fine of up to $10 billion.
However, the latest announcement from the SEC revealed a much smaller fine and a settlement that is expected to leave both parties satisfied. This news initially caused a wick in the XRP price down to support at $0.53, but the bullish momentum quickly returned.
Many analysts are still predicting that Ripple will continue rallying throughout the rest of 2024, with a target price of $2 by the end of the year. Resistance at $0.60 could still cause a short-term wick lower, but XRP is looking strong overall.
Binance Coin (BNB) Set To Rally After CZ’s Release
Binance Coin (BNB) has been slowly consolidating after being rejected from its recent rally towards $600. A near full retrace of the recent Binance Coin rally has meant that price once again finds itself sitting underneath the 100-day moving average, with Binance Coin currently trading at $568.3.
BNB has been showing signs of bullish momentum throughout 2024, and several key developments have been driving this price action. Binance has been burning BNB each quarter, and this has helped reduce the circulating supply.
The upcoming release of former Binance CEO CZ from prison will also likely inspire traders to return to Binance Coin and step up the bullish momentum. A reclaim of $600 for Binance Coin would be incredibly bullish and signal that the bull market has returned to BNB.
Rollblock ($RBLK) Surges Past $3 Million In Presale Hype
Rollblock ($RBLK) is a new Web3 casino that has quickly become one of the most popular presales of 2024. Surging past $3 million in presale funds raised, RBLK is set to lead the way in bringing trust and transparency back to the $450 billion GambleFi industry.
Fully regulated and recently audited by Solid Proof and Gaming Curacao, Rollblock brings the crypto ethos of ‘don’t trust, verify’ to the traditional casino space. All bets can now be verified on the Ethereum blockchain, leaving no doubts about bet manipulation or fixing.
This will revolutionize the more traditional gaming space, and Rollblock can offer a fully anonymous gaming experience. There is no need to provide any KYC documents to start exploring the 150+ Casino classics on the platform.
Gamers can simply connect a crypto wallet to begin with and for a short time, can enjoy a 20% bonus added to their RBLK purchases. A future 100x giant, RBLK is currently selling fast at $0.024.
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