With the SEC lawsuit approaching its conclusion, many traders are hanging onto their $1 predictions by the end of the year. The ongoing litigation from the US regulatory body has prevented XRP from reaching fresh all-time highs in the previous bull run, leading many analysts to believe that we’re due an epic surge on XRP after the lawsuit has finished.
At the same time, it seems that utility-based AI tokens are starting to reach headlines again, and two, in particular, are leading the charge. Both AiDoge and yPredict are expected to be the next big AI crypto tokens as investors quickly rush to their presales to mitigate some of the incoming volatility in the crypto markets.
Traders Increasingly Expect $1 XRP Again As SEC Lawsuit Approaches Conclusion.
Ripple Labs has been involved in an ongoing legal battle with the US Securities and Exchange Commission (SEC) since December 2020. The dispute has sparked great uncertainty regarding hopes that XRP would see fresh all-time highs during the previous bull run. However, despite the fact that XRP did indeed miss out on creating fresh all-time highs, industry experts still believe that a run toward the $1 mark is on the table for Ripple – provided that the lawsuit presents them with a positive outcome.
In fact, some experts believe that XRP could surge well beyond the $1 mark. Egrag Crypto, a notable Twitter analyst with over 25,000 followers, recently shared his analysis – dubbed the Bermuda Triangle Chart – which shows that XRP could possibly disappear from the Bermuda Triangle and reach as high as $27;
#XRP Bermuda Triangle $27:
This Chart (Bermuda Triangle Chart) is a combination of previous Charts & Key factors stated by @egragcrypto on previous #XRP Charts. #XRP Price will disappear from the Bermuda Triangle & will never be seen within the triangle.
1) The Seven Arcs:… pic.twitter.com/zrC8BJGpbo
— EGRAG CRYPTO (@egragcrypto) May 1, 2023
Despite this overwhelmingly high prediction, most other industry experts are still setting their sights on the $1 level before turning as bullish as Egrag Crypto.
The court battle with the SEC is expected to end by the second half of the year, according to CEO Brad Garlinghouse. Traders will be looking for any comments from the judge to anticipate her decision in the matter, with many experts expecting a verdict by the end of May 2023.
XRP Price Prediction: Is $1 XRP Realistic?
So, is a $1 XRP price prediction realistic? Well, in our opinion – we believe it is – so long as it can start to clear some of the resistance levels up ahead. On the other hand, if XRP breaks the current major support, we might be in a downward spiral for the token. So, let’s look at the chart and highlight these support and resistance areas.
The chart above shows the price of XRP from October 2022 to the current level. As we can see, XRP has barely moved over the period, trading at the same support that protected the market during October 2022. XRP did witness a surge during late March 2023 after traders anticipated a lawsuit resolution, but it failed to overcome resistance at $0.54 – provided by a bearish .382 Fib Retracement and has since dropped back into the October 2022 support.
Looking ahead, if the buyers can hold the current support at $0.45, the first level of higher resistance lies at $0.5. This is followed by resistance at $0.54, $0.58, $0.6, and $0.618 (bearish .5 Fib Retracement). Finally, before reaching $1, added resistance is expected at $0.691 (bearish .618 Fib), $0.8, and $0.86.
Meanwhile, as XRP continues to trade sideways, a range of Ai-powered altcoins are starting to steal headlines. In particular, two very special projects seem to be gaining significant attention as they sail through their fundraising rounds. Many investors believe these coins could be the next big AI cryptos.
Let us introduce you to AiDoge, an intuitive meme generation platform, and yPredict, a next-generation trading research and analytics platform.
AiDoge – Bringing Meme Generation to the Masses
AiDoge is a revolutionary AI-powered meme generation platform that wants to merge meme culture with AI to create a groundbreaking AI meme rewards platform. The project is actually the first cryptocurrency project to use AI generation specifically for memes, and it is currently blazing through its presale after raising $1 million in just a week of going live.
The presale for the project is currently in the second stage, selling the native token for a total price of $0.0000264. However, it’s essential to mention that the presale’s rising pricing mechanism will increase the price of the native token, $Ai, during each subsequent stage. As a result, it’s always best to invest earlier to leave the fundraising with higher levels of unrealized gains.
The project has made it extremely simple for users with no artistic experience to generate memes using text-based prompts. These are short descriptions created by the user to let the AI know what type of meme they want to generate. The more descriptive the text-based prompt, the higher quality meme is created. It takes just a few seconds to generate the meme once the user submits their prompts.
The AI used by AiDoge has been trained on a specific dataset of memes and crypto, meaning it’s fully up-to-date with the latest happenings in the industry and knows exactly the type of meem the user wants to create.
Meme-to-Earn: Exciting Rewards-Based Ecosystem
Once a meme has been created, it’s sent directly to the Public Wall. The Public Wall is a virtual space where users can share memes and upvote favorites. The memes that get upvoted the most are rewarded each month in a meme-to-earn rewards-based ecosystem. The rewards are designed to incentive users to think outside the box and use the AI technology to its fullest potential.
The best part about the ecosystem is the utility provided by the $Ai token. The token is the rewards and transaction method on the platform, keeping the ecosystem functioning. However, the native token is also required by users to purchase credits for each meme they generate. The credits have to be purchased using the $Ai token, helping to secure ongoing development and sustainability for the ecosystem.
Overall, AiDoge is on a rampage after attracting so much attention in just a week of being live. The presale is quickly approaching the third stage when the price for the token will increase to $0.0000268, so you will need to act quickly to get invested before the prices start to rise. The team has announced that they plan to list the token on top-tier exchanges at a price of $0.0000336, providing substantial gains for all early-stage buyers.
yPredict – Turning Traders Profitable
The other project that is turning heads in the industry as XRP continues to stall is yPredict, a next-generation AI-based trading research and analysis platform to help traders become profitable. The platform allows users to get data-driven insights into the market to help them make better trading decisions to become more consistent.
The ecosystem is filled with AI/ML experts, financial quants, and traders, who have grouped together to produce cutting-edge trading research and analytical tools for the trading community to receive price predictions and metrics to make wise trading decisions.
🚀 Get ready for yPredict, a game-changer in the #crypto space! Offering reliable trading signals & research marketplace, it's the go-to platform for data analysts & AI/ML engineers. Keep an eye on #YPRED, as it could reach new heights in the coming years! #DeFi #yPredict pic.twitter.com/HQeFtCMOTb
— yPredict.ai (@yPredict_ai) May 2, 2023
The presale for yPredict is just getting started after crossing the $500,000 milestone this week. It’s currently sitting in the fourth stage, selling the token at a price of $0.05. But, again, this presale is using a rising pricing strategy, so it’s best to get involved as early as possible to take advantage of the lower prices.
The entire idea behind yPredict is to help traders regain their statistical edge. The primary features of the platform are the marketplace, trading tools, trading terminal, and high APY staking pools.
Native Token Provides Access to Product Suite
The native token, YPRED, gains its utility behind the product suite provided by yPredict, which includes
- Market Predictions
- yPredict Analytics
- yPredict Marketplace
- yPredict Terminal
The Market Predictions section is the open part of the platform, serving as an inbound traffic solution for the ecosystem. Here, traders can get an insight into the latest asset price predictions that are generated through in-house developed predictive models.
The yPredict Analytics platform is the place for traders to get an edge in financial markets. This section includes a range of AI-powered tools that alert traders when to make the best possible trades. Some of the tools include pattern recognition, sentiment analysis, indicator analysis, and transaction analysis. Users holding YPRED tokens are given free access to this platform section.
The yPredict Marketplace is the place where traders can subscribe to monthly services for prediction models. In addition, developers can list their model prediction results on the marketplace, creating a results-as-a-service ecosystem. Traders have to use YPRED to subscribe to these services, with 70% of the revenue going directly to the developer of the model and the remaining revenue being injected back into the ecosystem.
Overall, yPredict has a fantastic suite of tools designed to take any trader from losing streaks to becoming consistently profitable.