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Latest XRP News, Dogecoin Price Prediction, and ICO That Raised Over $13 Million in Weeks

The crypto world continues to change at lightning speed, and three projects stand out at the moment: XRP, Dogecoin, and Remittix, an ICO that raised over $13.2 million in just a few weeks.

While XRP is making headlines with its legal breakthroughs and new partnerships, Dogecoin is reeling from its previous success. Meanwhile, Remittix is ​​turning heads by focusing on real-world uses for crypto payments. Many investors see this as a positive sign, given that meme tokens, AI coins, and real-world asset (RWA) cryptocurrencies have all lost billions of dollars since January.

Latest XRP News: Big Changes in the Legal Field

In a legal dispute with the US Securities and Exchange Commission (SEC), XRP has been at the center. Now, rumors are swirling that the SEC could soften its appeal against Ripple, which could change how regulators deal with digital assets. John Reed Stark noted that the SEC is no longer pushing hard to label tokens as securities, hinting at a possible new plan to regulate cryptocurrencies.

Meanwhile, Ripple has partnered with BDACS in South Korea to offer secure, institutional-grade custody for XRP and RLUSD. Through Ripple Custody’s bank-like services, BDACS hopes to welcome more large-scale investors to the table.

Meanwhile, the XRP Ledger (XRPL) is getting an upgrade, adding programmability that doesn’t slow down the network. According to Jack Claver, this could allow developers to create custom solutions for large enterprises, boosting XRP’s standing among global companies. In the past day, XRP has risen to $2.14, with a trading volume of $8.53 billion.

Dogecoin Price Prediction: Tough Times for Meme Coins

Dogecoin, one of the original meme coins, isn’t looking so stable these days. The SEC recently said that meme tokens like Dogecoin are not securities. Still, Dogecoin fell 12.4% last Friday, falling below $0.19 for the first time since November 2024. Some data suggests that small retail holders may panic sell, causing the price to fall even further.

A “death cross” has now formed on Dogecoin’s daily chart, where the 50-day moving average crosses below the 200-day moving average. This is often seen as a sign of further declines. Some associate this decline with the negative market mood and political news linked to former President Trump.

Source: tradingview

If DOGE is to recover, it must break above $0.20, but many believe the real test lies around $0.29. If Dogecoin fails to hold $0.20, it could fall to $0.15, and even high trading volume may not be enough to revive it unless there is a compelling reason for investors to jump in again.

Remittix steals the show: ICO raises $13.2 million in weeks

As XRP adapts to potential SEC changes and Dogecoin struggles to recover, Remittix has emerged as the true success story. Many are calling it the next big thing in payments.

Rather than banking on internet hype, Remittix is ​​taking the “PayFi-first” route, solving real problems in the everyday use of money. As meme coins, AI cryptocurrencies, and RWA tokens lose billions in total value, Remittix has attracted those who want more than just hype.

The numbers are clear: $13.2 million raised in just a few weeks shows that there is a huge demand for coins that truly address the challenges of payments. Remittix’s system enables seamless conversions of crypto to fiat and is designed for easy adoption by merchants. It also emphasizes compliance with rules and regulations, providing greater peace of mind for large investors. This is something that many meme or AI coins have never been able to do. Why Remittix Could Be the Best Cryptocurrency Choice As the market grows weary of meme coins and projects caught up in legal chaos, payments-focused tokens like Remittix are on the rise. XRP could do well if it can resolve its legal issues, and Dogecoin still has fans despite its recent price woes. However, Remittix’s rapid growth and practical use cases show that investors are hungry for real-world value.

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The analyst predicts a 39,000% increase, taking the price of XRP to $220. Find out when here

Crypto analyst Crypto Eggag has shared another bullish prediction on the price of XRP, saying that the crypto token could soon reach triple digits. As part of his forecast, the analyst also listed several key price levels that XRP could reach on the path to $220.

XRP Price Could Reach $220 This Year

Crypto Eggag highlighted the $220 price level as one of the numbers that XRP price could reach based on its analysis of Fibonacci levels. Interestingly, the attached chart he shared shows that this price level could be reached this year.

Related Reading: Shiba Inu Burn Rate Sees 900% Increase Will SHIB price continue to rise?

Based on his analysis, XRP would hit “crucial numbers” such as the $1.2, $2.2, $5.8, $11, and $33 price levels before hitting $220.

The analyst assured that this price movement would undoubtedly be parabolic as he explained that it would be a GRB (Gamma-Ray Burst) event. He also noted that such a development could end up reflecting a similar development to that of the XRP price in 2017, when it increased by 61,000%.

Meanwhile, Egrag provided insight into when the XRP bull market could begin by highlighting the 12 and 24 SMA (simple moving average) as a “clear signal.” Once there is a bullish crossover above them, the bull run could take place almost a month later, according to the crypto analyst.

Steven McClurg, chief investment officer (CIO) of Valkyrie, hinted in a recent interview that an XRP ETF could hit the market at some point. His comments came as he suggested that the imminent approval of spot Bitcoin ETFs could open the door to other ETF applications centered around tokens such as XRP and Ethereum.

In response to McClurg’s interview, Fox business reporter Eleanor Terrett shared some thoughts based on conversations she had with some industry players about an XRP ETF. She explained in an article that there are “diverging views” on whether the Securities and Exchange Commission (SEC) is ready to approve a single-product XRP spot ETF.

She noted that bulls argue that the XRP token will be included in future funds, especially since it is the only digital asset with clear regulation. They also highlighted Grayscale’s decision to re-incorporate the token into the Grayscale Digital Large Cap (GDLC) fund as a positive sign that there will soon be an XRP ETF.

On the other hand, Terrett says bears argue that an XRP ETF can only be approved with congressional intervention on crypto regulation or a change in government. This argument is based on their belief that SEC Chairman Gary Gensler is unlikely to change his stance on crypto assets other than Bitcoin.

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Stablecoin market recovers: growth of US$5.48 billion in 22 days

In recent weeks, the market value of major stablecoins has seen a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the current $129.14 billion. This substantial growth of nearly $6 billion comes after the stablecoin industry lost tens of billions last year. In particular, tokens like BUSD, USDP, and USDC have seen considerable redemptions over the past 12 months.

Stablecoins see multi-billion dollar market expansion in three weeks

Recent data indicates that from November 2 to 24, 2023, over 22 days, the stablecoin market expanded by $5.48 billion. In the last 24 hours, fiat-pegged cryptocurrencies reached a trading volume of $50.74 billion, in contrast to the total global trading volume of $88.65 billion.

Metrics show that stablecoin swaps account for 57.23% of total trading volume worldwide. Tether (USDT) leads the way with a market cap of $88.59 billion, accounting for 68.59% of the total market capitalization of $129.14 billion and accounting for 5.93% of the entire US$ crypto economy 1.4 trillion.

Over the past 22 days, USDT market capitalization has increased by 4.24%. The USD coin (USDC) has also seen modest growth since November 2, with its market capitalization increasing 0.81% from $24.5 billion to the current $24.7 billion.

The market cap of DAI has increased by 43.2%, while the supply of trueusd (TUSD) has decreased by 5.38% since November 2nd. BUSD has been declining all year following Paxos’ decision to stop minting BUSD.

Twenty-two days ago, BUSD’s market capitalization was $1.95 billion, which has now dropped to $1.74 billion, a drop of 10.76%. The newly arrived first digital dollar (FDUSD) saw its market value increase from $590 million to $733 million, an increase of 24.23%.

Tron’s USDD fell slightly from $725 million, down 0.82% to the current $719 million. The Frax Dollar (FRAX) also had a slight drop of 0.44%, going from US$671 million to US$668 million in the same period.

Paxos, which supports Paypal’s PYUSD issuance, saw a 1.10% reduction in the supply of pax dollars (USDP), from $453 million to $448 million. The tenth largest stablecoin by market cap, Liquidity USD (LUSD), saw its supply drop from $220 million to $205 million. The market capitalizations of alchemix usd (ALUSD) and paypal usd (PYUSD) remained relatively unchanged.