Pepe coin price has recently fallen below a crucial long-term support level, raising doubts about its future stability. Meanwhile, XRP's price has surged above $0.62 following the conclusion of the Ripple vs. SEC lawsuit, sparking renewed interest in the token and setting it on a path that could breach the $0.7 resistance, potentially reaching $1. Concurrently, DigiHorse is experiencing a rally as investors prepare for its stage 2 presale phase, signaling a bullish outlook in parts of the crypto market.
The XRP price soared by 20% on Thursday, fully recovering from Monday's crash, buoyed by the long-awaited resolution of the lawsuit between Ripple and the SEC. The crypto community had been buzzing with anticipation since early July, fueled by speculative Ripple XRP transfers.
On Wednesday, Judge Analisa Torres ordered Ripple to pay $125 million in civil fines and issued an injunction to prevent future securities law violations by the blockchain company. This ruling marks a significant development in a saga that began in December 2020 when the SEC accused Ripple of violating US Securities Law through the sales of its XRP token.
The first decision in July 2023 exonerated Ripple regarding secondary XRP sales, like those on exchanges, but maintained that Ripple faced allegations over direct institutional sales. Despite this mixed outcome, Ripple considers the ruling a milestone. However, the possibility of an SEC appeal looms, potentially prolonging the legal complexities for XRP.
Pepe coin price is at a critical juncture, showing signs of vulnerability despite being one of the more resilient tokens in the recent market downturn. Celebrated as a robustly organic meme coin, Pepe has generally maintained bullish momentum. However, it recently dipped below a crucial long-term indicator, threatening the token's future stability.
The price action of Pepe displayed a death cross on the 4-hour chart, a bearish signal typically indicating potential further losses. Additionally, a bearish volume-price divergence suggests a 21% price drop could be imminent. If Pepe fails to regain its support level and bears continue to dominate, a significant number of tokens—approximately $135 million worth—risk becoming unprofitable.
According to Coinalyze, Pepe’s open interest has decreased by 5.8% in the last 24 hours, indicating waning investor confidence. This contraction, along with increasing selling pressure, places Pepe holders in a precarious position. Current resistance levels are critical; if not maintained, 17.28 trillion tokens could potentially fall below profitability thresholds, raising the percentage of Pepe holders experiencing losses. As it stands, 57.8% of Pepe holders are in profit, but this could drop to just over half, at 50.6%, if the market shifts downward.
DigiHorse Empires is making waves during its presale phase, attracting substantial investor interest with DIGI tokens priced attractively at $0.003333 each from a total supply of 1,125,000,000. The presale is cleverly structured across 10 stages, with each stage designed to incrementally increase token prices. This strategic pricing model is set to encourage early participation and promises to reward early investors with potential returns that could exceed 2000% by the next listing stage.
Beyond serving as a gaming platform, DigiHorse Empires is emerging as a prominent investment opportunity within the expanding GameFi sector. With strong community backing and a clear strategic vision, DigiHorse stands out as one of the most anticipated presale events in the Web3 gaming landscape.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
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