Looking at 3-hour XRP against the Dollar charts, XRP could likely see a bull run as the 15-day moving average exceeds the 30-day moving average, forming a golden cross, which is a good indicator for a likely bull run.
The MACD moves in the green zone, showing bull activity on XRP despite its current challenges. Should Ripple emerge victorious, a 150% surge could be achieved. The RSI is at 53 and could be en route to the overbought region should the bulls maintain the 20.2 support level. The Bollinger bands are close to each other, showing low volatility levels. This signifies a lack of selling pressure on XRP. XRP held a spot price of $0.4866 as of October 15, 9:56 AM EST, per CoinMarketCap stats.
Ripple Garnering Attention
Ripple has been garnering a lot of attention in the last few days. With this growing adoption, ripple is likely to see a bullish future. This is due to increased investor confidence. Ripple recently acquired Singapore’s license, showcasing the firm’s commitment to complying with global regulations.
It’s official: Ripple is now fully licensed to provide digital payment token services in Singapore by @MAS_sg! Ripple is committed to delivering real-world crypto solutions for businesses in APAC.
Learn more: https://t.co/jD8xSc2pdd
— Ripple (@Ripple) October 4, 2023
Mastercard also recently unveiled the initiation of its Central Bank Digital Currency (CBDC) collaborator initiative with Ripple, an avenue through which it aims to foster cooperation with key players in the digital currency realm.
According to the announcement, it has been disclosed that 93% of monetary authorities are involved in some manner of undertaking concerning CBDCs and that four retail CBDCs are currently in complete active circulation.
The entities cited as collaborators by the corporation include Ripple, blockchain and Web3 software enterprise Consensys, multi-CBDC and tokenized assets solution provider Fluency, digital identity technology provider Idemia, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient, and digital asset operations platform Fireblocks.
Meanwhile, as everyone keeps an eye on XRP’s future price amid its current regulatory saga, Meme Kombat’s pre-sale could serve as an alternative investment option, with the project creating a buzz in the last few days.
Meme Kombat recently announced a change to the tokenomics of MK. The total supply of MK tokens will rise by 10, from 10 million to 120 million, significantly boosting the project’s potential for success.
There will be no change to the USD value of the original investment made by presale participants, but their token holdings will rise by a factor of 10. This means that while more tokens are circulated, their value has not changed.
If you have bought in the presale already, you will end up with 10x more tokens than you originally purchased. This will not change the USD value of tokens purchased.
The new token price is now 0.1667 per $MK Token
You do not need to do anything
— Meme Kombat (@Meme_Kombat) October 10, 2023
The team’s dedication to guaranteeing a favorable and accessible entry point for new and current investors is reflected in the revised token price, which has been reduced to 0.1667 per MK token. Notably, the move has been effortlessly incorporated into the existing architecture, so token holders do not need to do anything.
The team has explained that the solution may be found in the strategic advantages it provides, which increase the adaptability of the token economy as a whole. This change has been made at the perfect time, and the team is specific that their dedicated token holder community will not be negatively affected. This tactical adjustment will allow Meme Kombat to strengthen its position in the market and create a more robust environment for its constituents. As Ripple has a massive rally potential, MK’s pre-sale could serve as another excellent investment option.
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