A quick 3min read about today's crypto news!
XRP Price Prediction – Can Ripple’s XRP Start Marching Back Above $0.40 as Price Jumps?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com
XRP is in the middle of an impressive price surge as it continues to benefit from the market relief. However, as the market rally starts to slow, what are the prospects for the top altcoin?
XRP Price Action
As one of the most valuable coins in the crypto market, XRP currently trades at $0.36. The asset has had an impressive run in the past 24 hours, with its price jumping by 3.69% in that period. And considering that the broader market is only up by 0.1% in the same period, XRP’s ability to beat the market is a good look for it at the moment.
On the technical front, XRP is still a bit mixed. The crypto asset is trading below its short-term moving average (MA) indicators, although it is gaining ground significantly on the 10-day MA of $0.3624. With XRP’s price expected to continue rising, the asset’s chances of gaining on these indicators are high. As for the long-term indicators, XRP continues to beat them handily.
A positive moving average convergence divergence (MADC) shows that XRP still gives off a buy signal. And, with a relative strength index (RSI) of 44.43, the asset is yet to be overbought.
Flare Network Completes XRP Airdrop
The biggest news for XRP is the long-awaited completion of the FLR token airdrop.
FLR is the native token for Flare – slayer-1 blockchain platform with an oracle system looking to optimize interoperability among decentralized applications (dapps) and blockchains. The protocol launched its mainnet on July 11, 2022, and has thus far processed over 70 million transactions.
Flare is also looking to become a smart contract protocol that uses the XRP Ledger. To that end, the platform’s developers promised to airdrop FLR tokens to XRP holders who participated in a snapshot in December 2020.
Flare Token Distribution Event https://t.co/3GkF2dbGBY
— Flare ☀️ (@FlareNetworks) January 9, 2023
Two years after this promise was made, the airdrop eventually happened on Monday. All in all, over 4.2 billion FLR tokens have been distributed.
New Coins To Look Up
So far, investors are still interested in XRP and its potential to surge even higher in the future. However, it is important to note that several new coins deliver gains for investors even before launch.
Fight Out (FGHT)
FGHT, the native token for Fight Out, is a great example. The digital asset, which has only been available for less than two months, has already raised $2.8 million from its presale and continues to grow in value.
https://www.twitter.com/FightOut_/status/1613128674793988098?s=20&t=QZCIuNZkKzP-bHSfiHC48A
Fight Out is a move-to-earn platform that rewards users as they reach their fitness goals and become more active.
Fight Out allows users to access fitness content and book sessions with trained professionals, specify their fitness goals, and design routines to achieve them. There is also a metaverse iteration where players can choose their avatars, engage with others within the ecosystem, and earn.
Meta Masters Guild (MEMAG)
Another great token to look forward to is MEMAG. The new digital asset powers the Meta Masters Guild, which styles itself as the world’s first mobile-focused Web3 gaming guild. The MMG is looking to create a blockchain gaming ecosystem consisting of different games operating individually.
There are already three games within the MMG – Raid NFT, Meta Masters World, and Meta Kart Racers. Each of these games will operate using the Guild’s native token, MEMAG. Pliers are free to contribute to the games as they please, and as expected, they can earn MEMAG for playing and completing tasks.
A quick 3min read about today's crypto news!
