The market turbulence of XRP, the cryptocurrency by Ripple, has been a topic of heated discussion lately as the SEC’s case continues to sour.
XRP’s aggressive downtrend from mid-April has kept it around the mid-$0.42s, reflecting a nearly 10% drop this month and a 28% drop from March’s highs. This downtrend has led many to question its near-term price predictions.
While XRP is grappling with its downward pressure, the overall cryptocurrency market is gaining momentum, with Bitcoin up by more than 2%.
Could SEC v. Ripple Fuel 10x XRP Pump?
The looming legal battle between the US Securities and Exchange Commission (SEC) and Ripple further clouds XRP’s future.
Yet, this lawsuit’s resolution could serve as a catalyst for a significant XRP surge, with new highs for the year above $0.60.
Although a favorable outcome to the SEC lawsuit could see XRP becoming one of the top performers in the crypto space, the forecast of hitting $10 per token this year might be overly optimistic.
Ripple’s (XRP) price has been hovering around the $0.43 zone for the past week.
Despite the gloomy market sentiment surrounding the top-ranked cryptocurrencies, XRP ledger network has witnessed a considerable increase in network traction.
The rising Mean Coin Age across the Ripple network indicates that most long-term investors across the network are holding firm.
However, unless XRP can break beyond the $0.45 resistance level, it may drop much lower towards the next significant support level at $0.35.
Best Crypto Alternative to XRP Uncertainty?
While XRP’s outlook remains uncertain, there’s a new utility coin that has caught the attention of crypto analysts – DeeLance ($DLANCE).
As the freelance economy continues to grow, the demand for decentralized platforms like DeeLance, a blockchain-powered freelancing and recruitment metaverse platform, is on the rise.
How DeeLance is Disrupting Remote Work Markets
DeeLance has made significant strides in its ongoing crypto presale, raising more than $750,000 in just over a month.
The $DLANCE token price will increase from $0.029 to $0.033 within the next five days, or when the targeted $2.5 million is reached.
DeeLance’s unique value proposition lies in the tokenization of freelance work products into NFTs, addressing long-standing challenges like copyright infringement and payment fraud.
The platform’s accessibility, affordability, and security make it an attractive alternative to traditional freelancing platforms.
And the $DLANCE token is the economic backbone of DeeLance’s metaverse freelance and remote working platform, offering multiple use cases.
Users can engage in NFT trading activity on the platform using the $DLANCE tokens, and token holders are automatically qualified for NFT drops and collaborations.
DeeLance Brings Remote Workers to Metaverse
DeeLance’s crypto presale is a golden ticket into the metaverse that is set to redefine remote work standards.
Presale ($DLANCE) holders will be able to unlock the Metaverse VIP Experience, allowing them to purchase premium virtual land and office space in the Metaverse, lease office space, and advertise their brand on billboards for increased brand awareness.
DeeLance’s community has been expanding rapidly, with crypto analysts optimistic about the potential gains for $DLANCE in the year ahead.
During the crypto presale, DeeLance is offering 30% of the total 1 billion supply of $DLANCE tokens.
The ERC-20 token, issued on the Ethereum blockchain, can be easily purchased using Ether (ETH) or Tether (USDT).
As the post-Covid-19 era continues to favor remote work, decentralized freelancing metaverse platforms like DeeLance are expected to gain significant traction this year.
Tap into this explosive growth vertical today, don’t miss out.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s3