The cryptocurrency market has been hit with a massive wave of exciting news, and the impact is showing up in price rallies across the market. Since the beginning of 2023, the crypto world has been on a steady rise.
It's green lights along the line for Ripple as crypto bulls hike up the coin's price despite the impending SEC lawsuit on its tail. The coin witnessed a 31% rise over the month, and XRP investors are awaiting the arrival of $1.
Meanwhile, Elon Musk is back with his extraordinary stunts on Twitter, now replacing the legacy bird logo with the image of the dog Shiba Inu. The news has triggered a massive price hike in the meme coin world, and Dogecoin rallied over 30% in 24 hours after the news.
The end of a crypto winter signals something super exciting and a new De-Fi entrant
Signuptoken.com is worth noting amidst the impending bull run.
XRP has increased by 45%. For the first time in ten months, the move has allowed XRP to get close to the $0.55 mark. Although the market has responded favorably, on-chain data reveals that there is still a significant amount of uncertainty surrounding the outcome of the infamous Ripple v. SEC lawsuit.
The rise in the number of new users on the network is another crucial on-chain indicator that supports this positive outlook. According to Santiment, there is a favorable convergence between the most recent price increase and the expansion in demand.
According to the graph below, from 1,006 new addresses on March 5 to 3,360 new addresses as of March 30, the number of new users entering the XRP army has surged by 300%. An increase in network expansion indicates that the underlying coin is being used and adopted more widely. Furthermore, it is an optimistic sign when a price upswing is accompanied by corresponding network growth. Due to the enhanced basic network value, and a favorable court outcome, the coin's price may touch $1.
Dogecoin rose over 30% after Elon Musk's latest Twitter stunt, replacing the traditional bird logo with the funny doge image (of a Shiba Inu). A snapshot of the interaction between the anonymous account and Twitter's CEO from March 26, 2022, in which the latter requested to alter the bird logo to "doge," was also released by the company's CEO. With the words "As promised," Musk tweeted a link to this article.
Musk, who spent $44 billion buying Twitter in the fall of last year, is a well-known superfan of the Doge meme and has promoted Dogecoin on Twitter and while hosting "Saturday Night Live" in 2017. Dogecoin's value increased by almost 30% on Monday after Twitter's web logo changed.
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Signuptoken.com is an innovative cryptocurrency project that allows users to sign up with just their email address, making it accessible to investors across the globe. By eliminating the need for complex cryptocurrency wallets and advanced knowledge of decentralized finance, the project offers a user-friendly approach to investing in DeFi ventures.
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If you are looking for a simple and efficient way to invest in De-Fi, Signuptoken.com may be able to show you the way. The project does not have a doxxed team, instead, its value and success depend entirely on the active participation of its community, which is continuously growing. The token recently hit 3000 subscribers in a few weeks and may soon hit a million subscribers in a few months.
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