Connect with us

Blockchain

Ripple Price Prediction: XRP/USD Slide below $1.56; the Coin is Down with 11.63%

XRP Price Prediction – April 18 Ripple price is facing an increase in selling pressure below the $0.228 resistance against the US dollar. XRP/USD Market […]

Avatar

Published

on

XRP Price Prediction – April 18

Ripple price is facing an increase in selling pressure below the $0.228 resistance against the US dollar.

XRP/USD Market

Key Levels:

Resistance levels: $1.75, $1.85, $1.95

Support levels: $0.85, $0.75, $0.65

ETHBTC – Daily Chart
XRPUSD – Daily Chart

XRP/USD is slowly declining below key supports and the price might revisit the $0.1.120 support before it could start a fresh increase. After struggling to stay above $0.130, Ripple started a slow and steady decline. The coin is trading within the 9-day and 21-day moving averages to create a short-term bearish zone.

What is the Next Direction for Ripple?

XRP/USD is currently changing hands at $0.136 and any attempt to make it cross below the 21-day moving average may open the doors for more downsides and the price could spike below the $0.100 support level.  However, for the uptrend, traders should keep an eye on this level before creating a new bullish trend at the resistance levels of $1.75, $1.85, and $1.95.

However, the market may experience a quick buy once the trade reaches the support at $1.100. And should the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders, which might cause the price to reach $0.85 and could further drop to $0.75 and $0.65 support levels respectively. The RSI (14) nosedives below 60-level. If the price falls more, it may likely create additional downtrends.

When compares with Bitcoin, XRP is currently trading at 2422 SAT and it’s trading under the 9-day moving average. If the above-mentioned level could serve as market support, the price can be pushed up towards the resistance level of the 2700 SAT. By reaching this level, the price may likely visit 2900 SAT and 3000 SAT resistance levels.

XRPBTC – Daily Chart

However, if the bulls fail to push the price to the nearest resistance, the market may continue a downtrend and the pair could probably record further declines at 2000 SAT. Breaking this level could push the market to the nearest support levels at 1800 SAT and below. Meanwhile, the RSI (14) is moving below 70-level, which may continue to give more bearish signals.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/xrp-usd-market-71

Blockchain

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

Survey: 1 in 4 American Investors Believe Dogecoin is the FutureThe meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe […]

Avatar

Published

on

The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe dogecoin is the future.”

Dogecoin Survey Shows Meme-Coin Has Been Getting Attention in the US

In mid-April, gamblerspick.com conducted a study with 1,001 American respondents that are “familiar” with cryptocurrencies. The survey team leveraged the Amazon Mechanical Turk survey platform in order to present a series of questions.

59.3% of survey participants identified as men, while 40.7% identified as women. Gamblerspick researchers also detailed that the respondents were Gen Zers (5.9%), millennials (60.8%), Gen Xers (22.6%), and baby boomers (10.7%).

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

According to the poll statistics, social media is where people are hearing about dogecoin (DOGE) the most, with 33.7% saying they heard about the coin via social media platforms. 21.7% of the survey participants said they heard about DOGE via word of mouth and “friends and family.”

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

45% of respondents had heard of Dogecoin, and roughly 27.6% had invested in it. Another standout statistic shows that 30% of the surveyed individuals “believe that dogecoin was the new bitcoin.”

Not all survey participants who invested in dogecoin are pleased with their choices. 40% regretted investing in dogecoin. 48.8% regretted investing in “Reddit-hyped stocks”, like the recent Wallstreetbets’ GME stock hype. 15.2% disapprove dogecoin, while 41.1% are indifferent and 43.6% approve of DOGE.

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

When it came to considering Elon Musk’s part in the dogecoin hype, most respondents liked what he had to say about DOGE or did not care about his dogecoin opinions.

“Most respondents either approved of or didn’t care when it came to Musk’s Doge-related information,” the survey noted.

More Than Half Invested in Dogecoin to ‘Get Rich’

Toward the end of the survey, Gamblerspick researchers highlighted that roughly one out of every four Americans “believe dogecoin is the future.” 23% of survey participants are confident DOGE will reach $1 per unit this year. 46.4% invested in dogecoin “just for fun,” while 53.6% invested because they saw it as an “opportunity to get rich.”

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

As far as the cryptocurrency ecosystem, in general, Gamblerspick survey respondents believe the “financial industry” will be impacted the most. The financial industry is followed by “retail,” “casino/gambling,” and “cannabis” respectively.

“Most people thought it would be a perk for Amazon to accept Dogecoin as payment,” the Gamblerspick survey notes. “While other stores were considered, 41.1% of respondents said they didn’t really want any stores to accept Dogecoin.”

At the time of writing, dogecoin (DOGE) was down over 4% during the last day and down 25% over the last week. Dogecoin is exchanging hands for $0.47 per coin but is still up 590% during the last month.

What do you think about the Gamblerspick survey about dogecoin? Let us know what you think about this subject in the comments section below.

Tags in this story
1001 American respondents, Amazon Mechanical Turk, approve, Crypto asset, Cryptocurrency, disapprove, Doge, dogecoin, Dogecoin Survey, Elon Musk, For Fun, Gamblerspick, gamblerspick.com, Get Rich, indifferent, Poll

Image Credits: Shutterstock, Pixabay, Wiki Commons, gamblerspick.com survey

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://news.bitcoin.com/survey-1-in-4-american-investors-believe-dogecoin-is-the-future/

Continue Reading

Blockchain

Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

Avatar

Published

on

In brief

  • Some crypto projects gave Vitalik Buterin a lot of tokens, hoping that it would add to their legitimacy.
  • Maybe that wasn’t a great idea.

So, remember when Vitalik Buterin got a bunch of those Shiba Inu tokens? And then some folks warned that he could rug pull the Dogecoin-wannabe?

Well, it kinda just happened.

A wallet attached to the Ethereum creator today removed over 2 trillion in Shiba Inu tokens ($40+ million) from Uniswap, according to data from block explorer Etherscan, helping propel the token into a nosedive; SHIB has lost 20% of its value in the last hour, per Nomics.

Vitalik removing SHIB liquidity from Uniswap. Source: Etherscan

Shiba Inu, a Dogecoin knockoff, is a meme coin that calls itself an “experiment in decentralized spontaneous community building.” Unlike Dogecoin, it runs on the Ethereum network, where it has helped contribute to a surge this week in the price of transactions. 

SHIB’s developers sent more than half of the total tokens to Buterin. They figured that meant the tokens were practically “burned,” or removed from the market as a means of decreasing supply and upping demand. Buterin instead burned SHIB holders by removing the SHIB from a liquidity pool on Unsiwap.

The autodidactic developer wasn’t done, as he continued dumping Shiba Inu in favor of Ethereum. 

Taking the opportunity to clean out his crypto wallet, Buterin then traded 50 billion Akita Inu tokens for ETH, according to information on Etherscan, causing that dog token to crater by 30% in an hour. Forty trillion Dogelon Mars (ELON) tokens got the same treatment, getting swapped for 619 ETH. That’s down a whopping 90% this hour.

Don’t worry, though, shitcoin speculators. Your loss is a charity’s gain.

Vitalik sent 500 of his just-bought ETH (over $2 million) to a wallet associated with the India Covid-Crypto Relief Fund and another 1,000 ETH to a Coinbase wallet for the Methuselah Foundation, a medical charity for extending human life. GiveWell received $53 million in ETH, while Gitcoin, an Ethereum-based foundation for open-source development, received over half a billion dollars’ worth of AKITA tokens.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://decrypt.co/70672/dogecoin-spinoff-shib-tanks-after-ethereum-founder-vitalik-buterin-dumps-tokens

Continue Reading

Blockchain

This Bitcoin bull on XRP supporters: They just don’t look at the truth sometimes

The last couple of months for XRP have been noteworthy, to say the least, from the latest developments of the ongoing XRP vs SEC lawsuit to its surging price rally, The asset was trading at $1.52 at p

The post This Bitcoin bull on XRP supporters: They just don’t look at the truth sometimes appeared first on AMBCrypto.

Avatar

Published

on

The last couple of months for XRP have been noteworthy, to say the least, from the latest developments of the ongoing XRP vs SEC lawsuit to its surging price rally, The asset was trading at $1.52 at press time.

Mike Novogratz, the CEO of Galaxy Digital had a different take on XRP’s sudden rise and the asset’s community.

During a recent interview, Mike Novogratz slammed XRP supporters or the so-called ‘XRP army’. He compared them to conspiracy theorists in an interesting analogy during this ‘Earn your Leisure’ interview. He stated:

“Over the years, the XRP army has built up a real community of people that really want to believe it…You could tell them anything. It’s like 9/11 conspiracy theories. There’s a little bit of that in crypto. They just don’t look at the truth sometimes.”

He made a unique remark about the XRP supporters, drawing parallels with the former US president’s supporters. He stated:

“This community reminds me of the former President, Donald Trump’s supporters, who continue to deny the legitimacy of the 2020 election.”

Statistics from Bitinfocharts paint a different picture. According to this, Tweets per day related to XRP amounted to 19,392 at the time of writing.

Source: BitInfoCharts

Furthermore, XRP supporters had recently taken to Twitter to urge crypto exchanges to “Relist XRP” a hashtag that went viral on the social media app in the recent past. Meanwhile, Google Trends data recorded a surge in the ‘relist XRP’ search term, over the past month. An important reason for the surge can be credited to the publicity gained from the lawsuit filed by the SEC.

Just two days after the lawsuit was filed, the crypto had lost almost 50% of its value in 24 hours. It’s no wonder skeptics question the rise of the digital asset, despite the lawsuit.

So what did fuel this spike? Was it the XRP supporters, the whales, public sentiment? The right answer could be a combination of everything, including rumors about a possible Ripple IPO.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/this-bitcoin-bull-on-xrp-supporters-they-just-dont-look-at-the-truth-sometimes

Continue Reading
Blockchain3 days ago

Post the SNL dump, is it time to convert your Dogecoin to bitcoin?

Blockchain4 days ago

OKB Technical Analysis: Strong Support Zone of $32.281

Blockchain4 days ago

Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping

Blockchain4 days ago

VanEck Files For an Ethereum ETF With The SEC

Blockchain4 days ago

BSCTrades Introduces Limit Order Tool and Token Launch Snipper

Blockchain3 days ago

Yieldly announces IDO

Blockchain4 days ago

Ripple Compelled to Produce Evidence of Legal Advice about XRP Sales

Blockchain4 days ago

Bitcoin’s Halving May Not Pump Price Like Last Time – Here’s Why It Doesn’t Matter

Blockchain4 days ago

Bullish ETH Sets New All-Time High as It Touches $3,800

Blockchain3 days ago

Bitcoin Casinos are on the Way to Accept Dogecoin

Blockchain4 days ago

Trudeau’s Half-brother Is An Anti-vaxxer, Bitcoin Entrepreneur & Affectionate Critic of the Prime Minister

Blockchain3 days ago

ADA Leapfrogs USDT as New All Time High Reaches $1.78

Blockchain5 days ago

Crypto Market Cap Added $300B in 7 Days as Altcoins Explode: The Weekly Recap

Blockchain5 days ago

VanEck Files For an Ethereum ETF With The SEC

Blockchain5 days ago

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Blockchain3 days ago

Decentralized Storage Project ColdStack Becomes First IDO on SuperStarter Launchpad

Blockchain4 days ago

Latest ATH for Dogecoin Ahead of Musk SNL Appearance

Blockchain4 days ago

BSCTrades Introduces Limit Order Tool and Token Launch Snipper

Blockchain4 days ago

Exploring the Complicated Relationship Between SEC and Crypto

Blockchain3 days ago

Robinhood Got Overwhelmed Again, This Time By DOGE Selloff

Blockchain4 days ago

Icecap Relocates to Dubai and Launches NFT Diamond Collection

Blockchain3 days ago

Bank of England Governor: Prepare to Lose Money if You Invest in Bitcoin

Blockchain2 days ago

NYC Comptroller Candidate Suggests Crypto Investments as Inflation Hedge

Blockchain4 days ago

VirgoCX to Hold a Crypto Holiday Fundraiser in Support of SickKids Foundation

Blockchain3 days ago

Bitcoin’s Halving May Not Pump Price Like Last Time – Here’s Why It Doesn’t Matter

Blockchain5 days ago

DOGE Co-founder Reveals the Reasons Behind its Price Rise

Blockchain5 days ago

DappRadar Announced $5 million Raise in Series A Funding

Blockchain4 days ago

VanEck Submits SEC Filing to Create an ETH-Centered ETF

Blockchain4 days ago

TrustSwap (SWAP) and Wanchain (WAN) Technical Analysis: What to Expect?

Blockchain3 days ago

Ethereum Price Surges to New All-Time High Above $4,100

Trending