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Altcoinseason

Ripple Labs' Set to Launch a Stablecoin Pegged to the US DollarRipple Labs Inc., an American blockchain payments firm, has recently announced its intention to launch a stablecoin that could potentially compete with Tether ( CRYPTOCAP:USDT ) and other similar stablecoin assets in the market. The firm aims to offer transparency in its reserves, which will be pegged on a 1:1 ratio with the United States Dollar and will be composed of multiple assets, including US dollar deposits, short-term US government treasuries, and other cash equivalents. To ensure transparency, Ripple Labs ( CRYPTOCAP:XRP ) has stated that it will conduct a thorough audit by a third party and will publish monthly attestations right from the launch. The firm will also adopt a compliance-first strategy, leveraging the BitLicense it received from New York, as well as other related licenses from Singapore and Ireland, as a starting point for its regulation-first approach. According to Brad Garlinghouse, Ripple CEO, this move is a natural step for the company to bridge the gap between traditional finance and crypto, and institutions entering this space are finding success by partnering with compliant, crypto-native players. The proposed stablecoin will further relieve the strain on CRYPTOCAP:XRP , Ripple's associated digital currency used as a payment token to power its On-Demand Liquidity (ODL) service for years. Furthermore, Ripple Labs Stablecoin will be hosted on the XRP Ledger (XRPL) at launch, and the firm plans to expand this reach to other protocols overtime to push its decentralization agenda. Ripple believes that its alternative stablecoin has the enterprise links to gain a significant market share from Tether and USD Coin, which currently dominate the stablecoin market. The introduction of a new stablecoin could imply relative competition within the Ripple ecosystem, potentially impacting CRYPTOCAP:XRP demand and price in the long term. However, Ripple's business confidence could increase, and investors may bet more on the coin, positively influencing XRP's price outlook. CRYPTOCAP:XRP has already shown bullish growth of 2.33% in 24 hours, marking the first sustained bullish trend for the week. Overall, Ripple Labs' plans to launch a stablecoin asset offer a new dimension to the stablecoin market, and its promise of transparency, compliance, and multichain compatibility could further solidify its position in the crypto space.
Long
by DEXWireNews
SOL: Re-Accumulation After Decline (Decline already happened)Comparing Solana price action to this Wyckoff schematic known as "Re-accumulation After Decline" and it matches up beautifully. We should currently be in the LPS stages right before the next markup. Be careful with your entry obviously, because crypto doesn't always follow the rules, however we are definitely in a bull market and I'm looking long all day until proven otherwise, especially after finding this re-accumulation. Suggested entry: At the bottom of this local consolidation range, which is currently sitting on top of our "lower accumulation" range highs. This needs to hold for the markup to play out. If we lose those highs, this idea will be invalidated
Long
by DigiLex_LLC
Gearing up for Quant um Leaps - QNTNice Adam and Eve reversal pattern visible on the macro Inverse Head and shoulders Quant Seems to like round psychological numbers - 50, 100, 150, 200, 400 Ascending triangle testing $150 level a few times now, A break would setup for $200 next Best case bull long term prediction would be $750 - $1000 looking at the chart along, but that would take some might and decent time frame. Best to take profits on the way up, maybe leave 10-15% in for the moonshot. Long the breakout and hodl on. NFA
Long
by NFVeej
HOW To Make Money on a #ALTCOINAltcoins provide the most bang for your buck! But very few people actually have a plan. Apart from "I wanna make millions on S coins" Or have a plan, but fail to stick to their plan, once the dopamine high of a bull market is in full effect! This is based on the assumption that you already done the work, during the past year in accumulating your favourite #Altcoin If you are just entering the market now you should be looking for coin's that had a nice pre bull market pump, and is now retesting previous accumulation zones. Basically flipped resistance into support. This will likely halve the number of X's that you may see of course. Some variation of this idea has been floating around for many many years. And by no means is it a original strategy. The only caveat being the 2017 altcoin bull markets was far easier than the 2021 edition. There is more competition for attention than ever before. And as we saw a whole swathe of alts did not pump as hard as certain categories or ecosystems. Hope this helps And I hope it encourages you to draw up a variation of this plan for your favourite coins. Best of luck.
COINBASE:BADGERUSDLong
by BallaJi
MINUSD CLear technical findings show an extreme bullish caseHi guys. I am always on the lookout for assets with clear signs of macrotrends. One that caught my attention was a crypto altcoin called MINAUSD. This analysis is on 1 week timeframe. Signs found on macro timeframes can have powerful moves to upside or downside. Notice firstly the horizontal black trendline around 1.40-1.50$. This was an area for last couple weels we've been battling with as resistance. It also coincides with a potential Ascending triangle pattern. This battle is highlighted by the orange rectangle. This can be identified as a consolidation zone. We are currently breaking out of both the consolidation zone, as well as the ascending triangle pattern. Important to wait for confirmation which would be a candle close showing support on 1.40$ lvl. We do have a lower wick on our current candle (showcasing demand and support) BUT remember this weeks candle just begun. We must wait till sunday for the weekly candle close. If we continue this current trajectory, we will see confirmation. However, there is always potential for a fakeout so this week is crucial. Notice how right above us. There is really no price action acting as support. Just 6 total candles. My opinion is that we will quickly move up to the 3.50$ area. Once bitcoin stalls and altcoins get liquidity injected into them. AND Support is confirmed. Keep an eye on updates with other signs and indicator signals in near future to support my claims. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MINAUSD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE:MINAUSDLong
by SafofAllTrades
MDT Will Moon Like FET - DO NOT MISS IT MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here MDT has had a very strong breakout , These breakouts can often continue longer than people think. MDT should have a breakout like FET and continue to moon. This has very good market structure and good price action . These structures are how you can make good returns on investment / on your trade Please watch the video for more information
Long
by MartyBoots
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