Following a successful April, XRP could reach $1 this summer should it be successful in its lawsuit against the SEC, which could be decided as soon as June. Two other tokens generating bullish sentiments are AiDoge and yPredict, both of which are AI cryptocurrencies currently und...
- Following a successful April, XRP could reach $1 this summer should it be successful in its lawsuit against the SEC, which could be decided as soon as June.
- Two other tokens generating bullish sentiments are AiDoge and yPredict, both of which are AI cryptocurrencies currently undergoing successful presales.
XRP, the native token of the Ripple payments network, surged over $0.50 in April for the first time in six months. The milestone is part of a broader 25% rise for the payments token since the start of the year.
While XRP has pulled back in recent days, many analysts think bigger gains are in store and are eyeing the $1 mark – a threshold XRP hasn’t hit since 2021. But XRP isn’t the only token analysts are watching right now.
New meme coin AiDoge ($AI) is being hailed as the next hot meme token after raising more than $4.3 million in its ongoing presale. yPredict, an AI-powered crypto trading platform, is also seeing a surge in interest as its presale approaches the next price increase.
End of SEC Lawsuit Could Be Massively Bullish Catalyst for XRP
One of the critical factors holding back XRP from the $1 price level is its ongoing fight against the Securities and Exchange Commission (SEC). The SEC levied charges in 2020 that XRP is an unregistered security.
Instead of settling like other crypto projects have, Ripple’s CEO Brad Garlinghouse chose to fight the charges in court. After three years of legal battles, Garlinghouse predicts that the case could be decided in Ripple’s favor as soon as June.
That would remove a black cloud over Ripple that has up to now discouraged investors from holding XRP and major banks from adopting Ripple’s global payments system. Ripple’s payment system relies on XRP, so demand for the coin could soar as banks sign onto the fast and cheap cross-border payments platform.
In addition, winning the lawsuit would put Ripple in a class with Bitcoin as among the only fully legal and regulated cryptocurrencies in the US. Even Ethereum, the second-largest cryptocurrency in the world, doesn’t have a clear regulatory status in the US.
XRP Price Predictions Vary, Up to $20 Following Lawsuit Win
Analysts disagree on exactly how high XRP could go if it wins its case against the SEC. But they all agree that XRP could soar within hours of the decision.
The most conservative estimates target $1 by the end of the year following a Ripple court victory. More bullish analysts suggest that Ripple could retest its all time-high of $3.84 within hours of the court decision.
Beyond $3.84, it’s all uncharted water for XRP from a technical sense. There is no resistance to stop the token from rising further, and every new bank that partners with Ripple could serve as a catalyst for the token. One analysis suggests that XRP could reach $21.84 within 1-2 years.
AiDoge Presale Raises $4.3 Million, Looks to Be Next Explosive Meme Coin
XRP isn’t the only token that could be set to explode this summer. AiDoge, a new crypto project that sits at the intersection of memes and artificial intelligence (AI), has found an enthusiastic base of presale investors.
The project has raised more than $4.3 million through its presale and is quickly approaching an ICO.
AiDoge leverages the same generative AI technology as ChatGPT and DALL-e to help users create viral new memes. Users simply need to describe the meme they want to create and AiDoge’s algorithm will take care of the rest.
The potential appeal of this platform is enormous. Meme culture online is stronger than ever and AiDoge promises to enable people who have never created a meme before to show off their creativity. Experienced memesters can use AiDoge to unlock a new level of inventiveness and increase their meme output.
AiDoge.com is powered by $AI, an ERC-20 token that users need to generate memes. Users can pay $AI for one-time meme generation or they can stake $AI for daily credits to use the algorithm. This staking mechanism encourages long-term investment in the project and provides support for the price of $AI.
The AiDoge presale is going on now, but it’s selling out fast. The next price increase is only four days away. Presale investors can lock in an 18% paper gain ahead of the ICO.
yPredict Leverages AI to Enhance Crypto Trading, Presale Raises $750,000
yPredict is another hot AI-powered project that’s focused on using AI to enhance crypto traders’ profitability.
The platform offers AI-based predictive models to help traders understand what the price of a crypto token will do next. Anyone can create a model using yPredict, then earn steady revenue by sharing it with other traders on a subscription basis.
So, yPredict has appeal not only for active crypto traders, but also for analysts, quants, and AI software developers.
In addition to its predictive models, yPredict uses AI to power a wide range of automated analyses. The platform can automatically identify chart patterns or generate signals based on technical indicators. It can also gauge social media and news sentiment around a crypto using text analysis.
Traders will need yPredict’s $YPRED token to purchase a subscription to the trading platform. The platform offers $YPRED staking, with 10% of each new subscription going back to stakers as a reward.
yPredict is fully KYC verified and audited by CoinSuit. The project team is doxxed and is made up of experienced AI engineers and traders.
The yPredict presale has already raised more than $750,000 and is rapidly approaching its next price increase. Investors during the current presale round can buy $YPRED for $0.05, a 140% discount to the planned listing price of $0.12.
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