Here's Why Traders Shouldn't Bank on the XRP Price Hitting $1 and Back These 3 Coins
The XRP price over the last couple of months has performed exceptionally well thanks to the strides Ripple Labs is making against the SEC (Securities and Exchange Commission) in a long-running lawsuit. The international money transfer token now boasts approximately $22 billion in market cap and has attracted around $867 million in 24 hours across all crypto exchanges.
XRP Price Overview
Although XRP price's uptrend topped $0.5586 toward the end of September, it retraced to collect more liquidity. Support established slightly above $0.42 stopped bears from wiping out the progress made by the bulls.
XRP price dodders at $0.4571 at the time of writing. A parallel descending channel appears to have condemned XRP price to a short-term downtrend before a sustainable breakout to $1.0000 resumes.
For now, much focus is being channeled to XRP's ability to defend the support at the channel's throughline. If push comes to shove and declines intensify, investors should acclimatize to the XRP price retesting and confirming support at $0.42000.
XRP price run up to $1.0000 before the end of the year will largely depend on the outcome of the SEC vs. Ripple lawsuit. Ripple has been bagging small wins against the regulator, with experts foreshadowing a win for the blockchain startup.
However, the case outcome rests with the court, which has retreated to work on the summary judgment. Brad Garlinghouse, Ripple's CEO, recently said that he anticipates the ruling in the first quarter of 2023.
XRP Alternatives: Dash 2 Trade (D2T), IMPT, and Calvaria
Investors have solid reasons to back an XRP price rally to $1.0000, as observed from the above analysis. However, they can also be open to diversifying their portfolios with soon-to-launch crypto projects such as Dash 2 Trade (D2T), IMPT, and Calvaria.
Dash 2 Trade Presale Is Selling Out Fast
Portfolio adjustment has never been as essential in the cryptocurrency industry as in 2022. Unfavorable global market conditions stemming from the effects of the COVID-19 pandemic, the Russia-Ukraine war and ballooning inflation are forcing investors to rethink their decisions.
Dash 2 Trade (D2T) is an upcoming project to help investors hedge against the bear market woes. It is a research and analytics toolset that will work like the Bloomberg terminal but for crypto. Dash 2 Trade offers high-quality insights into the market, allowing investors to make better decisions.
The platform dons several other impressive benefits, including on-chain analytics, a trading application program interface (API), and notifications when new assets get listed on exchanges.
D2T will provide access to the platform's Starter and Premium pricing tiers, offering users some of Dash 2 Trade's most advanced features. The token is available on presale, and investors can purchase it for just $0.05.
So far, the project has raised $1.7 million out of the expected $5.2 million at the end of its current presale stage. Investors should consider what Dash 2 Trade is bringing to the table, keeping in mind the price will jump to $0.0513 in stage three of the presale.
IMPT Nears the End of Presale Stage 1
IMPT is a new cryptocurrency project in its presale stage. In slightly over three weeks, IMPT has raised nearly $8 million. One IMPT token is now selling for $0.018, but investors should be aware the price will shoot to $0.023 at the beginning of stage two of the presale.
According to the project's whitepaper, IMPT is a green cryptocurrency focused on reducing the effects of global warming. The platform will make carbon credits fully tradeable with the money raised from the presale.
Investors looking to diversify their portfolios may consider checking out the greenest crypto on earth. IMPT is also ideal for ESG investors. What's more, it has the potential to return 50x gains while helping the world become environmentally sustainable.
Calvaria Is a Competitive P2E Token
P2E (play-to-earn) continues to revolutionize how the world perceives value creation. Globally recognized brands have not been left behind, with new projects coming into the market at a commendable rate.
The bear market run has forced investors to consider new revenue-generating methods like P2E and M2E (move-to-earn). Although there is a lot of buzz surrounding the latter, P2E is what is guiding the way the world sees NFTs (non-fungible tokens).
Meanwhile, with many P2E projects launching, choosing the platform to put your hard-earned money has never been such a daunting task. However, Calvaria stands out from the rest by offering features not found in other P2E ventures.
Calvaria, a relatively new game that offers collectible cards and multiplayer combat, is comparable to other games of its kind in this regard. However, the similarities end here because it has so many other distinctive qualities.
The game is readily available on both the PC and mobile app stores, making it accessible to everybody. Interestingly, players to don need to have a crypto wallet, other crypto assets to start playing the game. This implies that anyone with no prior knowledge of cryptocurrency can readily join the game.
The RIA tokens are offered in the ongoing Calvaria presale for $0.01 each. Investors receive 100 RIA tokens for 1 USDT. With 300 million RIA tokens available throughout all presales, the initial presale is selling 30 million of them. The RIA token will range in price during the presales from $0.01 to $0.325.