.png){kind=logo}
A major bank has recently forecasted a bold prediction for BTC price after it breached below $57k. Amid the declining trajectory for BTC, this prediction by a top financial firm is a glimpse of hope for the crypto community. On the other hand, Ripple (XRP) holders voice concerns about a potential price crash after penalties are announced.
The head of Standard Chartered Bank, Geoffrey Kendrick has made a bold prediction about BTC price momentum for the upcoming months. He predicted the BTC price to make a new all-time high before August and potentially touch $100,000 before the U.S. presidential elections in November.
This prediction follows a set of scenarios, primarily the winning of Donald Trump. Kendrick believes that he is a “Bitcoin-positive”. Many other analysts have favored Donald Trump for better crypto regulations, especially in the Exchange-Trading Fund (ETF) market. This price prediction has led to a wave of excitement among the community.
A notable New Zealand-based analyst Lark Davis commented on the predictions of Geoffrey Kendrick about the BTC price. He says that other factors including market turbulence, institutional dumping, and Mt. Gox Bitcoin distributions must be streamlined to mitigate potential disruptions in BTC price momentum.
Ripple (XRP) is struggling in a bearish market, following the prolonged legal conflict with the US Securities and Exchange Commission (SEC). While the case is expected to close soon with the involvement of Binance, the penalty of $102.6 million quoted by SEC is the ground of conflict among the parties as the Ripple labs propose a maximum of $10 million in penalty.
Ripple (XRP) holders speculate the price trajectory of the token as the winning of SEC can trigger a massive pullback. In the current bearish market, Ripple (XRP) is again facing pressures at the crucial threshold of $0.45 after a 6% price drop in the last 24 hours. With new SEC filings, Ripple (XRP) can experience a historical price crash in the upcoming weeks.
DTX Exchange (DTX) is an emerging revolutionary tradFi platform, making waves in the deFi sector with its industry-relevant use cases and ground-breaking features. Global crypto whales turn heads toward the DTX hybrid model, featuring the 1000x leverage and advanced automation strategies to maximize profit margins.
The hybrid project is gaining global attention, evidenced by $820,000 raised in batch 2 of the public presale. The project value continues to grow as it attracts investors from all sectors including forex, cryptos, stocks, and equities. With robust security through layer 1 technology and lightning fast execution speed of 0.04 seconds, DTX platform is the next big marketplace with 120+ assets.
The success of DTX Exchange is attributed to its commitment to user engagement through governance rights and access to airdrops. DTX token is priced at $0.04 in stage 2. Market insiders believe that the DTX token presents an enticing opportunity for early adopters as the price can surge beyond $1 once the token lists on major CEX platforms.
Learn more:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
