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Why Crypto Latest Ripple Pumping Will Take Out $1.00

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Why Crypto Latest Ripple Pumping Will Take Out $1.00

Ripple coin (XRP) is one of the older cryptocurrencies which gained popularity shortly afterduring the boom of bitcoin and Ethereum in 2018. The coin did well for itself in the market, although it never truly experienced a huge breakthrough. That was before it got caught up in litigation with the SEC.

However, as of the 23rd of this month, the price of XRP increased by 20% in just 24 hours, reaching $0.512129. This is an increase of 56% in just one week, as promising developments in the legal dispute between Ripple and the SEC suggest that the matter may be resolved sooner rather than later.

The most encouraging development for traders is that XRP has made significant gains over the past days despite the market collapse of the previous week, leaving the altcoin still down 48% over the previous 12 months. Additionally, it is down by 85 percent from the $3.40 all-time high it reached in January 2018.

On the other hand, meme coins like Tamadoge (TAMA) keep gaining popularity and increasing in price as meme coins look to take on the crypto market head-on and compete directly with the ‘common’ coins.ripple price prediction

Why XRP Is On The Rise

XRP has increased by 58% since last Friday’s drop from its seven-day low of $0.324245 to its current price of $0.449966 as of this writing. On the other hand, it recently hit a four-month best of $0.552859, which indicates that it has declined by about 12 percent from this previous top.

The indications for XRP show that there is now a very high momentum. The coin’s relative performance index has crossed the 70-point mark and, despite a small decline earlier this week, it is still very near 75.

Additionally, XRP’s 1 month-moving average has shifted upward and appears to be on track to surpass its 200-day average. A breakout rally that may bring XRP back to levels last year, in the $1 to $1.30 range, could be indicated by such a scenario.

The Ripple-SEC lawsuit has seen significant changes in recent days that suggest it may be nearing a successful conclusion, which is a rather straightforward explanation for why the price of XRP is surging now.

There are also reports that XRP is winning some other side cases against the SEC, which is, in turn, bolstering their standing with the court and working in their favor. All of these point to a strong comeback for the coin in the coming months.

Crypto Is Still A Volatile Market

Although all seems good and prime for XRP, the cryptocurrency market is always subject to drastic changes and fluctuations. Despite all these, crypto experts can only ascertain that there is a really strong probability for XRP to once again pass the one-dollar mark. That being said, looking further ahead, you can reason that XRP can also possibly reach its all-time high again, but there are no strong indications that it would pass said record.

With competition against older coins (Bitcoin and Ethereum), it is a struggle to reach the previous all-time high, let alone surpass it in this new market, especially with the general shift towards the trending meme coins. It would not be advisable to bank on regular coins at a time like this. 

As the crypto market is trend-based, it would be more advisable to invest in meme coins for more returns on your money.

Alternative Investment Option – TAMA

Let’s talk about meme coins as a preferable alternative for crypto investors. Meme coins are a part of the crypto market that is new and fast-growing and, as such, offers the stability that regular coins won’t.

One of the hottest meme coins in the market right now is Tamadoge (TAMA), a new coin with endless possibilities capable of competing with regular coins as it keeps growing. It is definitely the meme con to look out for and invest in, as experts have termed it a currency for the future.

>>>Buy Tamadoge Here<<<

Tamadoge, dubbed “the play-to-earn Dogecoin,” is the greatest meme play-to-earn platform that gives meme currencies like DOGE and SHIB new use cases by merging their widespread appeal with the increasingly common P2E crypto gaming format.

TAMA will likely escape the drawn-out correction meme tokens frequently experience, allowing for more consistent growth, as it has the P2E usefulness other meme coins lack.

Players will be able to breed, train, and battle with Tamadoge NFTs for TAMA prizes in this parody of the Tamagotchi game. Players will also be able to participate in challenges and mini-games to compete for a spot on the monthly leaderboard.

TAMADOGE

>>>Buy Tamadoge Here<<<

Upward Trend Of Tamadoge

On September 27, Tamadoge (TAMA) was launched on the OKX cryptocurrency exchange platform and immediately surged 89% to $0.0567 before a reversal and a decline in Bitcoin.  investors that went in early enough are currently enjoying a 129% profit.

Some buyers that participated in the beta sale at $0.01 made gains when the market price was about $0.035, recording a 250% profit.

Since Tamadoge’s presale phase earned an incredible $19 million for the initiative, attention will be focused on TAMA’s price in the upcoming weeks as demand for this novel token continues to increase.

With an average daily trading volume of more than $1.6 billion, OKX is one of the 20 biggest cryptocurrency exchanges in the world, according to CoinMarketCap. Tamadoge will have access to a huge audience of prospective investors thanks to the exchange’s approximately 20 million registered members.

TAMA withdrawals are also now possible. Customers can invest and trade Tamadoge using the web-based platform of OKX or the specialized mobile app, which is accessible on Android and iOS smartphones.

Regulator restrictions prevent investors in the US and other nations from accessing OKX, but the decentralized exchange OKX (DEX) allows them to participate. Trading on the OKX DEX guarantees that everyone has the chance to participate in this highly desirable token, making TAMA a global sensation.

Final Thoughts

Yes, the Ripple coin is currently on the rise, but for stability and more profit, in the long run, investors should look into TAMA, the meme coin on the meteoric rise.  

You can now purchase from the OKX crypto exchange platform as well as the Tamadoge official website.

>>>Buy Tamadoge Here<<<

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Amazon Taps The Russo Brothers For TV Series About The FTX Saga

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Amazon Taps The Russo Brothers For TV Series About The FTX Saga
  • Amazon is set to release an eight-part series based on the collapse of FTX.
  • The streaming giant has teamed up with the Russo brothers and David Weil for the production of this series.
  • The Russo brothers have described the FTX scandal as one of the most brazen frauds ever committed. 
  • Apple is also working on a movie based on Sam Bankman-Fried’s activities in the run-up to FTX’s implosion.

Streaming giant Amazon has partnered up with famed directors Anthony Russo and Joseph Russo, also known as the Russo brothers, to release an eight-part TV series based on the spectacular collapse of Bahamas-based crypto exchange FTX.

Amazon will begin production in spring 2023

According to a report by Variety, the streaming firm has teamed up with AGBO, the production company of the Russo brothers who are known for their involvement with several Marvel movies. David Weil is set to be the executive producer of the show, in addition to writing the pilot. The show will go into production in spring 2023 and will be based on “insider reporting” by journalists who covered the downfall of what was once the world’s second-largest crypto exchange. 

This is one of the most brazen frauds ever committed; It crosses many sectors – celebrity, politics, academia, tech, criminality, sex, drugs, and the future of modern finance. At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why.” the Russo brothers said.

Amazon is reportedly trying to get the famed duo to direct the series as well. 

Apple is nearing a deal for book rights on SBF & FTX

Fellow streaming firm Apple is also looking to get a piece of the FTX pie. According to a report by Deadline, Apple is about to close a deal for the book rights to Michael Lewis’ story about the fall of Sam Bankman-Fried and his crypto empire. 

Michael Lewis is known for several books that were adapted into popular movies like Moneyball and The Big Short. Lewis had been following Bankman-Fried for six months before his exchange imploded, taking down several companies with it. The deal is reportedly in the mid-seven figures range and is expected to be adapted into a feature film. 

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Ethereum coders reached consensus on Shanghai update

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Ethereum coders reached consensus on Shanghai update

Summary:

  • Ethereum developers had their weekly call to discuss what features should roll out in the next hard fork.
  • Marius Van Der Wijden said coders were already working toward staked Ether withdrawals prior to the call.
  • Developers will proceed with around eight Ethereum Improvement Proposals for Shanghai, the next technological upgrade.
  • The timeline for the upgrade was unclear at press time. 

Developers at the Ethereum foundation talked on Thursday and decided on eight proposals to explore for Shanghai, the next upgrade after moving to proof-of-stake. The Shanghai hard fork included unlocking staked Ether (ETH) and allowing stakers to withdraw their assets. 

As reported, a multiclient devnet was released on Wednesday to trial staked validator ETH withdrawals. Developers already agreed to push forward with building staked ETH withdrawals before Thursday’s meeting, tweets from Marius Van Der Wijden hinted on Wednesday. 

EIP 4844 was among the eight Ethereum Improvement Proposals (EIP) agreed on. The EIP centers around better scaling by leveraging proto-danksharding technology. Ideally, this tech will boost network throughput and slash transaction fees. Proto-danksharding sections a blockchain into “shards” to achieve this. 

Five EIPs focus on upgrading Ethereum Virtual Machine, the staging area where smart contract codes are deployed. The EVM proposals include EIP 3540, EIP 3670, EIP 4200, EIP 4570, and EIP 5450. 

When Shanghai on Ethereum? 

Indeed, developers reached consensus on eight EIPs to build for the Shanghai hard fork. Not all eight EIPs might ship with the final upgrade expected in the second half of 2023. Also, ETH coders did not finalize a timeline for staked Ether withdrawals. 

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U.S Lawmakers Want DOJ To Launch An Investigation Into FTX

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U.S Lawmakers Want DOJ To Launch An Investigation Into FTX
  • Senator Elizabeth Warren and Senator Sheldon Whitehouse have written to the U.S. Attorney General urging him to launch an investigation into FTX’s downfall.
  • The lawmakers want the investigation to be conducted with utmost scrutiny. 
  • The letter accuses the bankrupt exchange of misleading investors by portraying a false sense of security.
  • The exchange’s celebrity endorsers are already facing an investigation by the Texas State Securities Board

Bahamas-based crypto exchange FTX may soon be under investigation by the United States Department of Justice. Members of the U.S senate have demanded that the Justice Department look into the gross misconduct that took place at what was once the world’s second-largest crypto exchange. 

FTX to be investigated with utmost scrutiny 

Elizabeth Warren, the senator from Massachusetts, and Sheldon Whitehouse, the senator from Rhode Island, have penned a letter to U.S Attorney General Merrick Garland and Assistant Attorney General Kenneth Polite, Jr. The letter urges the DOJ officials to investigate the business activities of FTX with “utmost scrutiny”. 

We write to express deep concern over the disturbing allegations of fraud and illicit behavior that led to the collapse of cryptocurrency firm FTX Trading Ltd and to urge the Department of Justice to hold the company’s executives accountable to the fullest extent of the law.” the letter reads.

The lawmakers have outlined how the downfall of FTX sparked a crypto contagion that left several firms struggling in its wake. These include Genesis Global Trading and Galois Capital, which have $175 million and $100 million stuck on the bankrupt exchange respectively. 

The letter has outlined the attempts made by Sam Bankman-Fried’s companies to portray a sense of safety and legitimacy using celebrity endorsements and expensive advertising campaigns and effectively deceive the investors. Additionally, the lawmakers also talk about the misleading tweets made by SBF in the run-up to the exchange’s bankruptcy. 

According to a report published by Bloomberg, the Texas State Securities Board is looking into the celebrity endorsement campaigns funded by FTX. These include the endorsements by Tampa Bay Buccaneers quarterback Tom Brady and Steph Curry of the Golden State Warriors. 

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