Bitcoin Price Analysis: Contrarian bulls will induce a rally towards $33,700

Bitcoin price Fear and Greed index has been residing in extreme fear levels for over two weeks. This Index can be used as a contrarian bullish signal since more investors are unwilling to invest in the current BTC price leaves more room for smart money to accumulate large orders. 

XRP price prompts fear amongst investors as technicals signal another sell-off

XRP price has investors questioning how low the digital remittance token can fall. As other cryptocurrencies are positioning for an anticipated countertrend spike, XRP price action diverges from the pact, hinting at another drop in the coming weeks.

Another Terra’s LUNA price failed recovery attempt causes uproar in the crypto community

Several whistleblowers have contacted Terra community member “FatMan” and revealed details of Terraform Labs co-founder Do Kwon’s monthly payments to quantitative trading firm Jump Crypto and their role in the crash of UST. Proposal 1299 has failed to fuel a recovery in Terra’s LUNA price. 

Earning returns from cryptocurrencies is easy if you plan to avoid short-term volatility and instead focus on long-term gains. This is known as the “HODL” strategy in cryptocurrency parlance. However, it requires a careful selection of coins with solid fundamentals and the ability to hold them without any emotional bias.

We have selected three cryptocurrencies that could potentially be great long-term investment assets. These three coins are RoboApe (RBA), Ripple (XRP), and Solana (SOL). Find out more about these three tokens below.

RoboApe is a DAO Governed Meme Token

A decentralized autonomous organization will govern RoboApe. It is a meme token that will leverage the power of the community and establish itself as a leading token providing multiple utilities.

Some of the services provided by RoboApe are described below.

1. RoboApe NFT Marketplace: The NFT marketplace being built by the RoboApe team will help users in minting RBA cards that can be traded, providing a way for monetization of assets. 
2. RoboApe Swap: It will include a token swap mechanism and a native bridge that will help in processing cross-chain transactions easily and quickly. 
3. RoboApe eSports: A…

KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs84.72 on May 23, 2022 at 10:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs82.48 at closing on May 22, 2022.

The rate of Ripple in US Dollar (USD) is $0.42 on May 23, 2022 at 10:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.41 at closing on May 22, 2022.

Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

The lawsuit between American regulators (SEC) and the San Francisco-based fintech firm Ripple continues to see new developments. Ergo, it is perhaps no surprise that holders of XRP have grown impatient given the dynamics and volatility of the cryptocurrency space.

Bearing this in mind, John E. Deaton, Counsel for ‘Amici Curiae,’ has filed a letter asking U.S District Judge Analisa Torres to consider the views of XRP holders.

(The status, which is Latin for ‘Friend of the Court,’ refers to someone who is not a party to a case, but who assists the court by offering information, expertise, or insight that has a bearing on the issues being discussed.)

Want to be friends? 

John E. Deaton has filed a motion letter asking the judge to permit him to write a brief on behalf of 67,300 affected/hurt XRP holders. This move comes on the heels of testimony from an expert SEC witness – Patrick B. Doody – who gave a report on what information ‘reasonable’ XRP holders relied on while buying the token.

an expert SEC witness who gave a report on what information “reasonable” XRP holders were relying on when they bought the token. Deaton says he bets this witness gave…

KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs82.48 on May 22, 2022 at 10:22 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs83.01 at closing on May 21, 2022.

The rate of Ripple in US Dollar (USD) is $0.41 on May 22, 2022 at 10:23 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.41 at closing on May 21, 2022.

Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

Ripple Labs is announcing a $100 million investment fund that will see carbon credit non-fungible tokens (NFTs) come to the XRP Ledger.

According to a new press release, Ripple’s new initiative aims to expedite carbon removal activities and technologies as well as help streamline carbon-focused fintech and crypto projects.

“The funding will continue to support new functionality and developer tools that enable carbon credit tokenization as core non-fungible tokens (NFTs) on the XRP Ledger. This commitment will help progress towards globally agreed climate goals to limit global temperature rise to 1.5 degrees Celsius.”

Ripple’s investment is part of its goal to be completely carbon neutral by 2030. According to the press release, the XRP Ledger became a carbon-neutral blockchain in 2020, and Ripple itself is on track to become carbon neutral by 2028.

As stated by Monica Long, general manager of RippleX, the investment and development arm of the San Francisco-based firm.

“Tokenizing carbon credits can play a vital role in scaling carbon markets and meeting growing demand while ensuring the credibility, integrity and transparency of existing markets. Several…

KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs82.29 on May 21, 2022 at 9:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs87.04 at closing on May 20, 2022.

The rate of Ripple in US Dollar (USD) is $0.41 on May 21, 2022 at 9:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.43 at closing on May 20, 2022.

Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies.

The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbon markets.

Carbon markets will let companies and individuals trade carbon credits for offsetting CO2 emissions that some companies haven’t found a way to bypass yet.

According to reports, these funds will be directed towards Ripple’s portfolio of programs helping it become net zero by 2030.

Along with the same, the fund will support the new functionality and developer tools that will empower carbon credit tokenisation as non-fungible tokens (NFTs) on XRP ledger.

CEO Brad Garlinghouse, stated that this move by Ripple Labs will play “a catalytic role” which will work towards improving the carbon markets.

‘Call To Action’ On Climate Concern By Ripple

Brad Garlinghouse claims that this fund is a “direct response to the global call to action” on climate change.

Garlinghouse also stated that companies are now encouraged to dispose resources along…

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot.

Ethereum (ETH)

After a week of consolidation, ETH is giving some signs of optimism. The price found good support at $1,900 which represents a higher low compared to $1,700 which was hit on May 12. Ethereum is now in a position to attempt further recovery and closed the past seven days with a 4% price increase.

At the same time, closely following the price, the RSI has made a higher low on the daily timeframe and appears ready to move higher towards 50 points. Yesterday, the volume also saw strong buying pressure which could soon flip the MACD bullish if it continues.

Taken together, these signal a potential bullish price action in the coming days. The first obstacle towards that is represented by the key resistance at $2,150. Should ETH manage to move above it, then the next target in the coming week is found at $2,500.

Ripple (XRP)

Compared to Ethereum, XRP is one step ahead after the daily MACD completed a bullish crossover today. This signals a considerable change in the trend and may, at least temporarily, lead to a relief rally. For this reason, XRP…