Digital Blog

• Cryptocurrency regulatory uncertainty in the US has caused job cuts in the crypto industry.
• SEC Chair Gary Gensler has indicated that all digital assets besides Bitcoin are unregulated securities.
• John Deaton, Cryptolaw’s founder, is initiating a class action lawsuit against the New York Attorney General, claiming Ethereum is not a security.

Crypto Regulations Uncertainty in The US

The cryptocurrency regulatory uncertainty in the United States has impacted almost all firms and exchanges in this space over the past few months. Over 2,000 job cuts in the crypto industry have happened this year, with the recent culprit being Anchorage Digital, which just sent home 20 percent of its workforce.

SEC’s Careless Approach

The call for clear crypto asset regulations in the United States seems to fall on deaf ears as the Securities and Exchange Commission (SEC) continues speculating on which digital assets are securities or commodities. Recently, SEC Chair Gary Gensler indicated that all digital assets besides Bitcoin are unregulated securities. Additionally, the SEC slapped Kraken with a $30 million fine for ostensibly issuing unregistered securities through its staking program. They are repeatedly gaining criticism for focusing on the ‚wrong‘ things. As such, Coinbase Global Inc. has vowed to defend its staking program in a court of law if need be. Moreover, Coinbase provides a crypto staking program similar to the Kraken.

A Crypto War In The United States

According to John Deaton, Cryptolaw’s founder, there is a coordinated effort to bring down the cryptocurrency industry by the United States regulators through the judicial system. As a result, Deaton called on all crypto enthusiasts to take this period to fight back against U.S push to sink his industry sector of choice. Notabley he initiated a class action lawsuit against NY Attorney General claiming Ethereum is not security and already it gained more than 1k participants including 57 from New York state alone..

SEC’s Plans To Take Up 200 Enforcement Actions On Crypto Market

Deaton further claimed that he heard rumors about SEC plans to take up 200 enforcement actions on crypto market within next two years time frame and urged people involved in this field of activity to act now rather than later .He also mentioned that four out of five americans using digital payments puts U S at risk from driving staking operators offshore .

No Sign Of Clarity Till 2025

Overall ,Deaton concluded his statement by saying there will be no clarity regarding regulations till 2025 . He believes only then goverment will start taking decisions based upon beneficial laws for cryptospace .

Summary of Article

• Bitcoin Price Drop: Bitcoin price has dropped below $22,000, flashing massive bearish signals impending in the next few hours.
• Possibility of Bullish Divergence: Despite the bearish signals, some possibility of a bullish divergence continues to flash.
• Technical Indicators Pointing Towards Bullish Breakout: A couple of technical indicators are also pointing towards a bullish breakout and suggest that the price is at the tip of a massive explosion.

Bitcoin Price Drop Below 22K

The bitcoin price, after consolidating within a very narrow range for a few days, plunged below the crucial support level of $22,000. The bearish volume has accumulated heavily, which may keep the rally within the consolidation range for an extended period. Hence, the price is believed to test the lower support below $21,500 in the coming days, which may attract huge liquidity to the platform.

Possibility Of Bullish Divergence

In spite of prevailing bearish clouds over BTC’s price rally and its drop below $22K mark with heavy accumulation of bearish volume – some possibility of a bullish divergence still continues to flash. It is believed that before this quarter comes to an end – it will display massive price action causing more than 20%-25% upswing leading to reversal in trend thus sparking off fine upsurge.

Apart from this possibility mentioned above, various technical indicators have been pointing towards a possible bullish breakout and are suggesting that BTC is at verge of massive eruption. Trading view suggests that crypto space has pushed panic button as BTC dropped below 22k but longer time frame indicates different action suggesting possible surprise upsurge before month ends. Stochastic RSI in higher time frame is flashing buy signal indicating potential leap in prices in coming days as StochRSI levels have crossed bull after holding their trend within oversold levels throughout 2022 and having slight surge recently recording more than 50% jump since beginning year crossing 150%, even 250% previously during similar rallies.

Conclusion

Henceforth with increased probabilities due to such technical indicators aligning with bullish breakout – BTC could actually be on verge for massive eruption anytime soon before this quarter ends thus forming fine upswing replete with possibilities for trend reversal .

• The USDT has maintained its peg at $1, with increased trading volume during the early trading hours.
• Stablecoins such as USDT and USDC are under bullish influence, leading to a rise in their dominance.
• The rising dominance of stablecoins indicates that the crypto space is undergoing consolidation, which may cause Bitcoin price to drop below $22,000 and altcoins to drop by 8-10%.

USDT Dominance Rising High

The USDT has been able to maintain its peg at $1 despite pressure from the crypto market. This is due to an increase in trading volume during the early trading hours. Stablecoins such as USDT and USDC have gained bullish influence as most cryptos consolidate, resulting in a surge of their respective dominance.

Bearish Outlook on Crypto Space

The USDT dominance had been declining since the beginning of 2023 but began forming higher highs and lows after rebounding from a crucial support level. This means that more traders are shifting away from other cryptos towards stablecoins – causing half of the crypto volume to be dominated by stablecoins. This bearish outlook could lead Bitcoin’s price dropping back below $22,000 and altcoin prices dropping by 8-10%.

Stablecoin Volume Spikes

The spike in stablecoin volumes suggests that market participants are slowly ditching other cryptos for stablecoins – which could result in an even greater rise in their respective dominance soon. As a result, this could cause Bitcoin’s price to drop back lower than it was previously and altcoin prices to dip significantly too.

USD Dominance Rebound

The USDT dominance rose after bouncing off its crucial support level, leading it on its way towards retesting its resistance level once again. If this happens, then it is expected that popular tokens will remain under significant bearish pressure while also increasing their respective dominant market share even further.

Conclusion

In conclusion, the rising dominance of stablecoins indicates that consolidation will continue for some time yet – likely resulting in Bitcoin’s price falling back below $22,000 and altcoin prices dipping by 8-10%. Furthermore, if current trends persist then the overall market share held by these coins will only increase further over time.

• The price of Ripple (XRP) has dropped back to where it was prior to the January market highs, and CoinShares‘ most recent report on money movements in cryptocurrency-focused investment products revealed that XRP-focused products had drawn money from investors for the first time since the year’s start.
• According to CoinShares‘ report, digital asset investment products saw outflows totaling US$32m last week, the largest since late December 2022. However, mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday.
• The value of XRP peaked in 2021 at $3.84, but it has since fallen to $0.3938 due to recent market corrections and is trailing behind other cryptocurrencies that have recorded notable gains since the start of the year.

Investor Sentiment Around XRP Switched To Positive For The First Time

For some digital assets, the current cryptocurrency market drop has been problematic. The price of Ripple (XRP) has dropped back to where it was prior to the January market highs, and it shows no prospects of rising any time soon.

CoinShare Report Reveals Positive Investor Sentiment For XRP

However, on the flip side, XRP concluded last week with inflows of $300,000 according to CoinShares‘ most recent report on money movements in cryptocurrency-focused investment products. This was the first time since this year’s start that XRP-focused products had drawn money from investors.

The report read „Digital asset investment products saw outflows totaling US$32m last week, the largest since late December 2022. Mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday.“

XRP Value Peaked In 2021 But Has Dropped Since Then

The value of XRP peaked in 2021 at $3.84 but has since fallen to $0.3938 due to recent market corrections and is trailing behind other cryptocurrencies that have recorded notable gains since the start of this year.

In terms of 24 hour changes as well as 30 day changes ,the coin has seen a decrease respectively . Over these periods ,the coin has decreased 4%.

SEC’s Howey Test Theory On XRPs Validated As A Matter Of Law

The US Securities and Exchange Commission (SEC) sued Ripple in 2020 on grounds that it had distributed $1.3 billion worth of unregistered securities using its XRP cryptocurrency which is refuted by Ripple as they assert that their currency does not qualify as a security nor pass Howey Test.

< h2 >Highest Withdrawals From Digital Asset Investment Products Since Late December 2022 Occurred Last Week
< p >According to CoinShares‘ report ,digital asset investment products saw outflows totaling US$32m last week ,the largest since late December 2022 .Mid – way through last week ,the outflows were much higher at US$62m ,but by Friday there had been inflows of $30 million .It ’s interesting to note that outflows peaked during a period when Bitcoin was up more than 10% and decreased by 50% after regional bottom was far behind .

• Ripple is a popular cryptocurrency that is used for cross-border payments. Its XRP token has the potential to reach a maximum of $1.104 by the end of 2023.
• The US SEC and Ripple Labs have submitted their final response and are waiting for the summary judgment which will be held in Q1 2023. After this, XRP could cross the $5 mark with a potential high of $5.683 by the end of 2030.
• CoinPedia’s XRP Price Prediction along with Market Analysis, Fundamental Analysis and Historic Market Sentiments can help to understand XRP price and its future direction better.

Ripple Overview

Ripple is a popular cryptocurrency that is used for cross-border payments. It provides a safe platform for fast transactions using XRP as a medium connecting different currencies across borders within just 3 seconds. Adoption has increased significantly, making Ripple an attractive investment option for the future due to its potential price rise predictions.

XRP Price Prediction 2023 – 2030

The US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs Inc., in December 2020, which has been having an adverse effect on XRP’s price prediction since then. However, both parties have submitted their final responses and are now awaiting a summary judgment in Q1 2023 which may provide some clarity about the case’s outcome and thereby decide the fate of XRP’s future prices until 2030. CoinPedia’s XRP Price Prediction along with Market Analysis, Fundamental Analysis and Historic Market Sentiments can help to understand XRP price better than ever before, so let us dive into each one of them:

What Is The XRP Token?

XRP is an open source cryptocurrency created by Ripple Labs Inc., designed to facilitate fast international payments at almost no cost with minimal processing time compared to conventional banking systems which usually take days or even weeks to complete transactions depending on geographical distance between sender/receiver banks etc.. As per CoinPedia’s analysis, if all goes well according to plan then it is highly likely that we might see as high as $1 mark per token by late 2023 while reaching close to $5 mark by early 2025 onwards given current market conditions remain steady throughout this time frame without any major disruption from external factors such as SEC verdict etc..

XRP Coin Price Prediction 2023

As per official data released by various sources including TradingView & Cryptopolitan analysis team; it looks like we can expect maximum upto 1$ mark per coin till late 2023 followed by minor declines in 2024 but overall steady growth thereafter until mid-2025 where we might see slight corrections again due to market volatility yet still staying above 1$ mark most times during this period before eventually reaching 5$+ marks again towards later part of decade i.e around year 2030 or so..

Ripple Price Prediction 2024

Looking further ahead into 2024; based on our internal predictions & analyses done using advanced technical indicators like MACD/RSI etc., it appears that we should expect some mild corrections here too but not nearly as severe as those seen during 2021 post SEC lawsuit announcement phase due largely thanks to increasing adoption rates among investors worldwide coupled with growing demand from institutional clients who want access easy access into crypto markets via regulated exchanges such exchange Coinbase Pro etc..

XRP Price Prediction 2025

Lastly coming onto our 2025 forecast; again after analyzing multiple data points collected over past few months through various sources such as TradingView & CryptoPotato etc., it appears that if everything continues going smoothly then we could potentially witness another surge taking prices near 5 USD level although this would largely depend upon how much progress does SEC verdict make during first quarter next year when they finally announce their judgement on matter related whether or not classifying XPR tokens securities or not affecting many aspects like trading regulations etc..

• UniSwap’s native asset UNI is under the active consideration of marketers.
• Uniswap price could reach a maximum of $13.69 by the end of 2023 and may reach $65.89 by the end of 2030.
• This article decodes the plausible Uniswap price prediction 2023 – 2025 and the years to come!

Overview

UniSwap (UNI) is a decentralized financial infrastructure that has been gaining traction in recent times due to its trustless and highly decentralized nature. Its native asset UNI is under active consideration of investors, as they are looking for digital assets with potential surge in its value over time. This article decodes the plausible Uniswap price prediction 2023 – 2025 and the years to come!

UniSwap Price Prediction 2023 – 2030

The UNI token has potential to reach up to $13.69 by the end of 2023 and if it continues on its current trajectory, then it may even reach $65.89 by 2030 – according to CoinPedia’s research team’s predictions.

Market Analysis

The DeFi sector has been gaining momentum in recent times due to its no-intermediary concept, wherein users can interact directly with each other without any third party involvement such as brokers or banks . With more and more people getting interested in this industry, UniSwap stands out from other protocols because of its ability to provide highly decentralized financial services without any centralized entity controlling it . This makes it an attractive investment for those who want a dependable platform for their digital investments .

Fundamental Analysis

CoinPedia’s research team utilizes several factors including market trends, technical indicators and macroeconomic data to give us insights into how UNI will perform in future years . The team also considers various aspects like TVL (Total Value Locked) which gives us an understanding into whether or not there is enough liquidity in order for traders to be successful with their trades on UniSwap’s platform . Moreover, our team looks at community sentiment which helps us gauge whether or not investors are confident about investing long term into UniSwap’s protocols .

CoinPedia’s Uniswap (UNI) Price Prediction

After considering all these factors , CoinPedia’s research team concludes that UNI is likely to experience moderate growth over time but could potentially experience massive gains if certain conditions are met such as increased liquidity or higher adoption rates within DeFi platforms . However, it should also be noted that these predictions are based upon past performance which does not guarantee future results so always do your own research before investing!

• Cardano (ADA) is one of the most scalable systems in the world economic forum.
• The native token ADA price could hit a maximum of $1.267 by the end of 2025.
• VOLTAIRE is said to be the final stage of Cardano network for it to become a self sustaining network.

The year 2009 was a major turning point for the fintech industry, as Bitcoin, the first decentralized cryptocurrency, changed the way we think about money forever. But even more than a decade later, there are still many developments in the crypto space that continue to revolutionize the industry. One of the most groundbreaking of these developments is Cardano (ADA), a blockchain protocol that promises to be the most scalable system in the world.

Cardano is a smart contract platform that has been built using a scientific approach, combining elements of mathematics, computer science, economics, and philosophy to create a secure, reliable, and high-performance blockchain protocol. It consists of two layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is the foundation layer that handles transactions, while the CCL is the layer that provides the blockchain’s smart contract functionality.

The Cardano network is powered by its native token, ADA, which can be used to pay for transaction fees, rewards, and other network services. Since its launch in 2017, the ADA token has been steadily increasing in value, and it has been predicted that it could reach a maximum value of $1.267 by the end of 2025.

Voluntaryism is the underlying philosophy of the Cardano network, which is also known as the „VOLTAIRE“ phase. This allows the network to become self-funded and self-governed. As a result, users who hold ADA tokens will be able to vote on the network’s future development and have stake in the network’s operations. This is a major step forward for the network, as it will allow users to have more control over their funds and the network’s development.

In addition, the network is also planning to launch its “Hydra” upgrade, which will provide layer 2 scalability solutions and allow the network to process more transactions at a faster rate. This will be a major breakthrough for the Cardano network, as it will allow the network to become a leader in scalability, security, and performance.

Overall, the future for Cardano looks extremely promising, and its native token ADA could be a major player in the crypto space over the next few years. With its innovative technology, strong development team, and growing community, Cardano could be one of the most successful blockchain networks in the world by the end of 2025.

• The legal dispute between Ripple and the SEC is expected to be decided in the first half of 2023.
• Brad Garlinghouse, CEO of Ripple, expressed his optimism that the case will be concluded this year.
• Both parties have filed motions for summary judgement and motions to exclude expert witnesses.

The ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC) is intensifying, with both parties filing motions for summary judgement and motions to exclude expert witnesses. The SEC has accused Ripple of selling unregistered securities in the form of its cryptocurrency XRP, and the case is highly significant for the wider crypto industry.

The CEO of Ripple, Brad Garlinghouse, recently expressed hope that the case will be resolved in 2023, and possibly in the first half of the year. Speaking at Davos, Garlinghouse said “We are optimistic that this will definitely be fixed in 2023, and possibly the first half. So we’ll see how it plays out from here. But I feel very good about where we are with respect to the law and the facts.“

James K. Filan, an attorney involved in the case, has provided updates on the latest developments. Filan commented that all motions have been thoroughly briefed and the judge is expected to deliver a judgement soon. According to Filan, both parties have filed omnibus applications to seal documents related to the summary judgement motions.

The outcome of this case is likely to have far-reaching implications for both Ripple and the wider crypto industry. A ruling in favor of Ripple could be a major win for the company and may pave the way for greater adoption of XRP and other cryptocurrencies. On the other hand, a ruling in favor of the SEC could have major ramifications for the industry, and could potentially lead to the re-evaluation of the legal status of many cryptocurrencies.

The crypto community is anxiously awaiting the judge’s ruling, and Ripple is optimistic that the case will be resolved in the first half of 2023. Only time will tell how this case will play out, and the outcome could have major implications for Ripple and the industry as a whole.

• Shiba Inu is currently trading at $0.00000962, reflecting an increase of 1.9% in the past 24 hours and 14.6% in the past 7 days.
• On-chain data from InTheBlock reveals that 56% of SHIB holders are underwater, while just 25% are keeping their heads above water.
• According to IOMAP data from IntoTheBlock, there is a bullish outlook for Shiba Inu until the big selling congestion zone around $0.000011.

The crypto landscape is always changing, and recently investors have shifted their focus to meme coins such as Dogecoin and Shiba Inu. As of this writing, Shiba Inu is priced at $0.00000962, which is a 1.9% increase in the past 24 hours and a 14.6% increase in the past 7 days. This has excited many investors and has caused the price of Shiba Inu to surge.

However, not all of the data surrounding Shiba Inu is bullish. InTheBlock’s on-chain analysis reveals that 56% of SHIB holders are underwater, while only 25% are still in the green. Additionally, the sentiment on exchanges is negative, which could be a sign of trouble ahead.

Despite this, there appears to be a bullish outlook for Shiba Inu until the big selling congestion zone around $0.000011. Data from IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model indicates that if this zone is breached, Shiba Inu could continue its recent rally.

WhaleStats, a cryptocurrency platform that keeps track of the largest holders of SHIB, recently revealed that the top holders of Shiba Inu increased their holdings by 15% over the course of the past seven days. This suggests that big investors are still bullish on the meme coin.

Ultimately, the future of Shiba Inu is uncertain. The on-chain data is bearish, while the exchange data is negative, but the IOMAP data is bullish. Additionally, the top holders of SHIB have increased their holdings, indicating that they are still confident in the coin. As such, whether or not this is the right time to buy Shiba Inu is up to the investor to decide.

• The Securities and Exchange Commission has requested the court to exclude the expert opinions of nine individuals in a case involving the cryptocurrency XRP.
• The SEC argues that these opinions are not relevant to the Howey test, which is used to determine whether an asset constitutes an “investment contract”.
• This request for the exclusion of expert opinions is the latest development in the ongoing legal case between the SEC and Ripple.

The Securities and Exchange Commission (SEC) has filed a motion in a federal court requesting the exclusion of the expert opinions of nine individuals in a case involving the cryptocurrency XRP. The motion argues that these opinions are not relevant to the Howey test, which is used to determine whether an asset constitutes an “investment contract”.

The nine individuals in question are Professor Alan Schwartz, Peter Adriaens, Allen Ferrell, Borden, Easton, Yadav, Fischel, Marais, Shampanier, and Carol Osler. The SEC argues that these individuals’ opinions ignore Howey and controlling precedent, and instead focus on other legal regimes or facts that courts have repeatedly held are irrelevant to the Howey analysis. The SEC added that the important factor to consider in determining if something is an investment contract is not whether it has any uses, but whether the asset was primarily sold for its potential for profit rather than for its use.

This motion is the latest development in the ongoing legal dispute between the SEC and Ripple. The SEC has accused Ripple of conducting an unregistered security offering by selling XRP, which the company has denied. The outcome of this case could have major implications for the cryptocurrency industry as a whole, as it could determine the legal status of XRP and other digital assets.

The SEC, in its filing, stated that the expert opinions in question “are not relevant to the question of whether defendants offered and sold XRP as part of investment contracts” and that the theories of these experts “are not supported by controlling legal authority or the facts of this case.”

Given the significance of this case, it is likely to be closely watched by the cryptocurrency industry. If the court rules in favor of the SEC, then it could have major implications for the cryptocurrency industry, as it could signal that the SEC is taking a more aggressive stance on cryptocurrencies. If, however, the court rules in favor of Ripple, it could provide a much-needed boost to the industry, as it could serve as a signal that the SEC is more open to cryptocurrencies.