Is The CRV Painful Dip Over? This Event In August Could Spark A Rally
CRV, the native token of the stablecoin decentralized exchange Curve Finance, has been dumping in over the last year or so. After last week’s plunge, the token fell by as much as 75% from March 2024 highs, a huge concern for token holders. CRV Recovers, Adds 45% After Plunging However, according to one analyst who took to X, the bottom could be in, arguing that favorable fundamental events in roughly two months could propel the token to as high as $2. CRV is changing hands at around $0.32, up 42% from last week’s lows. Most importantly, prices are stabilizing, with the....
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The highly anticipated Spark token snapshot takes place on December 12, at 0:00 GMT. Ripple XRP holders eagerly await this date, but Head of Tax Strategy at CoinTracker, Shehan Chandrasekera, warns that airdrops are a taxable event. As such, individuals who register for and receive Spark tokens must include this as ordinary income when filing […]
The long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple finally concluded following Judge Analisa Torres’ judgment on August 7. With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH). XRP Price Is Set For A “Mega Run” To New ATH CrediBULL Crypto mentioned in an X (formerly Twitter) post that the stage is set for an “inevitable mega run for XRP. The analyst added that XRP hitting a new ATH is a matter of when and not if. XRP’s current ATH stands at $3.84, meaning the....
Because investors had been scrambling to buy XRP in order to lay claim to a corresponding amount of Spark tokens, the altcoin had its most significant bullish breakout in years. Ripple network activity post-Flare airdrop suggests that the asset has fundamentally lost its spark, but technicals might on the flipside suggest that the spark was […]
XRP has a major bullish breakout recently, resulting in an over 200% rally. And while bullish technicals had been building, it was the Flare airdrop and promise of free Spark tokens that helped propel Ripple to current levels. The Flare airdrop “snapshot” of the XRP ledger takes place at the end of this week, leaving […]
XRP has seen some turbulent price action as of late, with the recent SPARK airdrop giving it massive momentum that sent its price as high as $0.90 on some exchanges, with this proving to be a sell the news event that has caused it to see some serious downside. One black swan event that is […]