Similar to most cryptocurrencies, the price of XRP, which has the 6th largest market capitalization, has recently experienced both heat and cold. Due to high volatility, many investors may be wondering if XRP will be able to reach $5 this year.
In our article, we will take a detailed look at all the factors that can affect the value of XRP and discuss how realistic the $5 target in 2023 is.
Investors’ confidence was not specifically strengthened by the fact that Ripple and the SEC (American Securities and Exchange Commission) are in a lawsuit. In this regard, the company’s CEO, Brad Garlinghouse, recently expressed his optimism: in his opinion, a decision will be made on the matter in 2023. Despite the negative macroeconomic sentiment, however, XRP – Ripple’s native token – lost relatively little of its value compared to other coins.
Despite the negative trend, the biggest investors are sticking with Rippel.
Whale Alert: Large investors around Ripple are multiplying
Data from blockchain analytics company Whale Alert reveals that a significant amount of XRP has been sold in recent days. On January 27, more than 160 million XRP tokens were purchased from just two unknown crypto wallets. The value of the purchased quantity at the market price at that time exceeds 65 million dollars.
???? ???? ???? ???? ???? ???? 160,000,000 #XRP (65,533,398 USD) transferred from unknown wallet to unknown wallethttps://t.co/USsWzZuPhF
— Whale Alert (@whale_alert) January 27, 2023
Also on January 26, Whale Alert reported that an unknown crypto wallet had purchased nearly 40 million XRP coins through the Bitso exchange. Their current price corresponds to 16.2 million dollars. However, that is not all.
???? 39,500,000 #XRP (16,200,942 USD) transferred from #Name to unknown wallethttps://t.co/GsOaKre6qD
— Whale Alert (@whale_alert) January 26, 2023
Also recently, a single crypto wallet sold 30 million XRP coins (roughly $12.4 million) to Bits, and 33 million coins ($13.65 million) were also sent to Bitstamp from a single crypto wallet.
Experts at Whale Alert believe that despite the drop in the price of XRP, more and more large investors are buying the coin, which may even indicate an upcoming bull run.
XRP forecast
Currently, the value of XRP is 0.401 dollars, the total trading volume in the last 24 hours was 1.2 billion dollars, despite this, the exchange rate did not change significantly compared to the previous day’s value. In terms of market capitalization, according to data from CoinMarketCap, XRP is the 6th largest coin, with a value exceeding 20 billion dollars.
The positive sentiment in January in the crypto market also carried XRP with it, although it lost 6% of its value during the previous week. The current price level can be especially important for investors. Above $0.42, further strengthening can be expected, while below $0.3965, the exchange rate may drop to $0.33.
Thanks to the improving market sentiment, both the MACD and RSI indicators indicate that the coin is in the buying zone.
In conclusion, the outlook for XRP is not bad, but it will almost certainly not reach $5 this year.
The best altcoins with which you can achieve higher profits
The altcoinok they offer fantastic opportunities for those who want to make high profits. In the rest of our article, we present three projects that are in the pre-sale stage, with which you can make significant profits with low risk.
Don’t miss out on the best investments of the year!
Fight Out (FGHT)
In a nutshell a Fight Out is a move-to-earn (M2E) fitness app and gym chain using blockchain technology.
The project, which is in its second pre-sale phase, has achieved huge success in a short period of time. It was sold for 3.6 million dollars in just one month From FGHT coinsand the pace of sales shows no signs of slowing down.
The FGHT coins that can be purchased now can be exchanged for a subscription, and the internal digital currency, REPS, which does not use blockchain, can be bought from it through the marketplace.
There are several reasons for its popularity. On the one hand, investors can access many different forms of exercise in the fitness app. These will be available not only in a pre-recorded version with professional trainers, but also live online.
The interesting feature of the ecosystem is that subscribers will be able to collect REPS points after each completed training, challenge or competition. The collected points can later be redeemed via the platform’s marketplace for various digital and real gifts.
We can request a personal consultation appointment for them from a personal trainer, we can buy NFT accessories for our avatar, and we can even change them to a subscription.
In other words, those who train really hard will even be able to collect the price of their subscription. THE Fight Out among its plans is to conquer the hearts of fitness lovers not only digitally, but also in reality.
By the end of 2023, they plan to open the first of the planned 20 gyms. In these, users can not only complete training for higher REPS points, but also shop in the health bar and use the social spaces as they wish.
FGHT coins are selling fast, so those who want to join this revolutionary project better hurry up.
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C+Charge (CCHG)
A C+Charge a fantastic green project that allows investors to easily charge their electric vehicles.
The aim of the project is to create a global network of C+Charge charging stations where, simply by using a mobile device, With CCHG coins payment is possible.
Since there will be no need for a card reader terminal at the stations, the operation and maintenance fee will also be significantly reduced.
Those who use one of the stations can collect carbon credits in the form of Goodness Native Tokens (GNT). The GNTs were later, a C+Charge can also be sold through its application.
One of the most important parts of the ecosystem will be the mobile application. In this, it is not only possible to find out where the nearest charging station is located. The status of the station can be checked, the waiting time and the number of collected carbon credits can also be viewed.
C+Charge is currently in its first pre-sale stage, so anyone who buys CCHG coins now will be able to realize a significant profit by the end of the pre-sale.
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Meta Masters Guild (MEMAG)
Play to earn (P2E) games are one of the most popular segments of the crypto sector, which is completely understandable, since everyone wants to make money playing games.
Users of P2E games, on the other hand, often change, and in most cases investors quickly abandon a project. The primary reason for this is that most crypto games force users to perform boring and repetitive tasks, for which only a minimal profit can be obtained in return.
In contrast, the Meta Masters Guild (MMG for short) would create a platform where many games would be available, which anyone could try even for free. During the development of the games, the most important aspect was to follow the so-called play AND earn approach.
This means that the most important thing is not the profit-making mechanics, but the provision of an exciting and varied gaming experience.
To this end, three completely different games will initially be available on the MMG interface.
First, the car racing Meta Kart Racers, then Raid NFT, which takes place in the fantasy world, and finally Meta Masters World, which uses the metaverse.
The pre-sale was a huge success: nearly $2.2 million worth of MEMAG tokens were sold in just a few weeks.
The 4th of the 7 pre-sale stages will close soon, so those who still want to get the coins at a discounted price have no time left to waste.
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