After sliding to $1.13 trillion market cap, the crypto market has picked up steam again, hitting the $1.15 trillion threshold with a 0.3% increase. Bitcoin leads this bullish charge with close to 2% in the past week. Ripple’s cross-border remittance in the network has given investors a significant return on their investment, with a rise of over 10% in the same period. The growing positive sentiment around Ripple blockchain’s legal lawsuit with the US Securities and Exchange Commission (SEC) has contributed to the increase in the $XRP token value. If the judgment favors Ripple, $XRP could experience explosive growth.
Ripple’s Positive Sentiment and Performance
Despite the legal tussle with the US SEC, Ripple’s positive sentiment and performance continue to grow. Ripple’s $XRP has gained 1.54% in the last 24 hours, trading at $0.52, significantly higher than Bitcoin’s daily percentile gain. The cross-border remittance token has gained 10.76% in the past seven days, 12.82% in the last 30 days, and 39.95% in the last 90 days, with a year-to-date (YTD) performance of 54.23%. Strong buying pressure and overall positive sentiment surround the virtual currency. On its technical front, $XRP’s 50-day simple moving average (SMA) price of $0.47 is below its market price, pointing to bullish sentiment. This positive trend is further reinforced by the 200-day SMA price of $0.4195. The asset’s relative strength index (RSI) figure of 68.97 shows that it is trading very close to the overbought zone, hence the strong bullish sentiments at play.
Wall Street Memes’ Popularity and Investor Opportunities
A new meme coin protocol called Wall Street Memes is gaining popularity and has already raised over $3.2 million in its sixth presale stage, just two weeks after its launch. Wall Street Memes is a tokenization of several retail investors’ rebellion against corporate capitalism, stemming from the 2021 GameStop incident. The project has garnered a one-million-strong community looking to profit off these perceived worthless coins just like deep-pocketed investors do. The project has gained significant attention online, with up to 400 million impressions, and has attracted Tesla and Twitter boss Elon Musk. The project’s unique appeal as the last hope for the common investor has seen it positioned as the next king of memes right after $PEPE and $DOGE. The $WSM token is experiencing a strong run in its presale, having already raised over $3.2 million. Interested investors can purchase the token at its current presale price of $0.0268. However, in two days, the token’s value will increase to $0.0271, making now the most opportune time to invest in the project.
Investor Attention and Opportunities
Crypto whales are currently turning their attention to another promising cryptocurrency to make massive gains. Ripple blockchain is crucial in enabling cross-border transactions in a censorship-free and low-fee environment. However, the crypto market is full of projects with diverse use cases addressing unique needs. With so much utility to offer investors, Wall Street Memes is quickly transcending the umbrella of being a regular parody coin. Instead, many crypto whales and analysts are positioning it as the next king of memes. If the project maintains its strong online presence, its $WSM native token could easily be listed on a tier-1 crypto exchange in the coming weeks.
Ripple’s positive sentiment and performance and Wall Street Memes’ popularity present exciting investor opportunities in the crypto market. While Ripple’s legal lawsuit with the SEC remains unresolved, growing sentiments point to positive sentiment in the coming weeks. Wall Street Memes’ unique appeal and growing popularity make it an attractive investment for investors looking to profit off the perceived worthless coins. With so much potential for growth in the crypto market, investors should pay attention to projects that address unique needs and offer diverse use cases.