![]() Many traders, who are looking to capitalize on the next big opportunity have their eyes fixed on POMD. But the real elephant in the room needs a clearer narrative for Ripple. Market analysts have expressed concerns and caution that breaching the critical $0.55 support level could indicate further declines. However, this jubilant atmosphere was short-lived, as Ripple’s valuation subsequently declined to a steady $0.51. Ripple’s recent legal victory sparked renewed optimism among investors, resulting in an impressive 100% surge in the XRP price, briefly stabilizing at $0.95. As a result, XRP can continue to be traded without any obstacles. The cryptocurrency community closely monitored the situation, and last month, Ripple emerged victorious in the case. ![]() In December 2020, the SEC accused Ripple of violating US regulations by trading XRP as unregistered securities. However, in recent years, this San Francisco-based enterprise has encountered a tumultuous ride as it grappled with legal disputes. ![]() Ripple once had a remarkable market cap of $120 billion, second only to Bitcoin. Ripple (XRP): Uncertainties and the Pull of Pomerdoge (POMD) On the other hand, a surge above $75 could potentially lead to a retest of the 2023 high at $114. If the price falls below $50, it will likely revisit the $25 zone. However, analysts highlight the significance of two psychological barriers: $50 and $75. The future direction of the Litecoin price remains uncertain. With no new narrative until the next halving, Litecoin traders are looking for new opportunities – and POMD offers the perfect alternative. While Litecoin has since bounced to $64 at the time of writing, this poor performance suggests that many traders are moving on from Litecoin. But after the halving, Litecoin’s price fell below $65 to hit a recent low of $58. Before the halving in August 2023, Litecoin surged from $65 to $114. The Litecoin halving of 2023 showcased this drop in momentum. However, recent trends hint at a waning interest in this once-popular ‘silver’ to Bitcoin’s gold. Litecoin is one of the oldest and most respected cryptocurrencies, with zero downtime since its launch in 2011. Litecoin (LTC): Reflecting on the ‘Silver’ Giant’s Journey This indicates that now would be an ideal time to invest in POMD and capitalize on the expected growth. With a successful presale and a robust roadmap, many cryptocurrency experts predict that POMD will experience an exponential 50-fold increase in value once it hits mainstream exchanges. Interestingly, this range corresponds to the very recent prices observed for the cryptocurrency.The promise of an expansive gaming ecosystem, complete with the Pomerplace – a hub for in-game asset trades – presents an attractive proposition for traders seeking diversified portfolios with projects that offer fun and function. However, the highest concentration of loss-making coins, 2.23 million BTC, were bought in the range of $27,285 to $30,330. The most significant concentration of loss-making addresses, approximately 5.61 million in number, falls within the price range of $43,260 to $67,400 per BTC. Conversely, 16.02 million addresses, holding a total of 6.43 million BTC, find themselves in the red. Presently, there are 31.34 million addresses holding a collective sum of 12.03 million BTC that are in the green. gtex41pzrU- IntoTheBlock September 19, 2023Ī deeper dive into the statistics regarding address concentration by IntoTheBlock reveals intriguing insights. Market sentiment will be the key factor determining if these addresses hold or sell as we approach this threshold. Key resistance is anticipated around $29.2K - a point of acquisition for over 1.77M addresses. Bitcoin is experiencing positive price movement.
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