XRP's 6-year trend line is nearing its end, and analysts predict a pump of 1,400% to $7.5. With the main parts starting to fall into place, the future price trend of XRP may be in a good state. While XRP enthusiasts are still surprised by Ripple's recent court victory, a cryptocurrency analyst has provided a bullish XRP price prediction that investors can look forward to. According to the analyst named Jaydee, XRP is expected to soar to a new price range. According to cryptocurrency analyst Jaydee's recent price forecast, the days when XRP trading price is below 1 US dollar may soon come to an end. The analyst shared an extremely optimistic forecast on social media platform X and revealed this news. According to the biweekly price chart of XRP/USD shared by the analyst, the six-year trend line is finally approaching its end. The conclusion of this trend line may herald the beginning of a large-scale bull market. Interestingly, Jaydee's technical analysis is based on XRP's non-logarithmic price scale and previous events. Despite significant fluctuations in the past six years, XRP has been widely traded within a downward channel since reaching its historic high of $3.40 in 2017. The resistance line has limited the upward space of XRP, which is about $1.90, while the support line has remained above $0.14 during the bear market for many years. However, the recent price trend indicates that the entire 6-year downtrend is now tilting towards the apex. The contracting range is making the space for XRP to fluctuate between resistance and support smaller and smaller. As Jaydee pointed out, this only indicates that XRP will break the uptrend. In addition, analysts pointed out that when XRP finally surged, the target price was $7.5. Given that XRP is currently trading at $0.4873, this target price represents a 1,430% increase. Although it sounds a bit far-fetched, analysts point out that a similar price cycle occurred between 2013 and 2017, which proves that this explosive trend is reasonable. It is worth noting that the XRP price, which broke the five-year descending triangle pattern, soared more than 600 times to a peak of $3.4. Jaydee also pointed out that "dumb money" traders will eventually be left behind in this big pump. "We will make profit from dumb money! For most people, this will be an interesting but very sad cycle," the analyst said. It remains to be seen whether XRP can replicate these astonishing gains. Despite Jaydee's overly strong optimism, he responded positively to a comment mentioning that this cycle may be different from the 2017-2021 cycle. Looking at the chart of XRP, some key resistance levels to watch are around $0.54, $0.63, and $0.8. (Data Source: Christian Encila)

PANews news on March 4, Ethereum co-founder Vitalik Buterin quoted the "Directional Stock Plan Description in Reddit IPO (US citizens only)" in Warpcast, saying that he strongly supports Reddit's attempt at contributor ownership, which I know is entirely the fault of regulation, not Reddit itself, but it makes me sad. That's why we're crypto; it's a global economy.

Cardano founder Charles Hoskinson recently made serious allegations against the U.S. Securities and Exchange Commission (SEC) during a Q&A session. He claimed that the SEC has unclear rules and inconsistent enforcement standards when it comes to regulating cryptocurrencies, especially when it comes to regulating cryptocurrencies, showing a clear bias towards BTC and ETH. Charles Hoskinson further criticized the SEC's reliance on policy through enforcement rather than legislative action, emphasizing the need for the legislature to have clear rules and regulations, noting that existing laws were created decades ago and may not adequately address the complexities of the rapidly evolving cryptocurrency space. He expressed dissatisfaction with the SEC's classification of decentralized assets, demanding a clear distinction between BTC, ETH, and Cardano, and deeming it a "sad joke" for "team orange" to get a "full pass."

Predict the market Human beings have been exhausting all kinds of methods to predict the short-term trend of the market. But the sad reality is that there is currently no reliable and effective way to consistently and accurately predict short-term market movements. In fact, this question is futile, because the market itself is made up of countless individuals. All the participants want to predict the short-term trend of the market, which dooms the short-term trend of the market to be impossible to predict accurately and continuously.

Rep. Patrick McHenry, who has been a staunch supporter of the crypto industry, will retire in January 2025 after his current term ends. House Financial Services Committee Chairman Patrick McHenry said in a statement Tuesday: "I will retire from Congress at the end of my current term. It wasn't an easy decision for me to make, but I believe that everything has its time, and for me, it's over. ” Patrick McHenry led the committee's efforts to advance cryptocurrency legislation over the summer, including a bill that would regulate stablecoins at the federal level, and another bill that would provide a comprehensive methodology for the structure of the cryptocurrency market. Both bills need to be supported by the Senate, which could be difficult next year. Cody Carbone, Vice President of Policy at the Digital Commerce Chamber of Commerce, said: "This is a sad day for the digital asset industry. Chairman McHenry has been an advocate of innovation in this industry. ”

Jeff Feng, co-founder of Sei Labs, noted that as global turmoil escalates, Bitcoin's value proposition as a hedge against economic uncertainty may be reflected. "Bitcoin is more user-friendly, stable and global than some local currencies, especially when it comes to geopolitical conflicts and sanctions. In other words, the more volatile and uncertain the world, the more Bitcoin will embody value, which is a sad fact. ” Jeff Feng highlighted the lack of a currency as strong as the US dollar in many countries and stressed that this is an opportunity to take advantage of the world's largest digital asset by market capitalization. "There are people who are reluctant to rely too much on the dollar and its economic policies, and this is where Bitcoin shines."

Odaily Planet Daily reported that OpenAI CEO Sam Altman expressed concerns about the US government’s stance on cryptocurrency issues. He believes that the US government is waging a "war" on cryptocurrencies and wants to "control" Bitcoin. Altman is concerned about state control of currencies and opposes CBDCs. Altman said on Joe Rogan’s podcast: “I am disappointed with the recent actions of the U.S. government, but I think this war on cryptocurrencies, we cannot give up, we will control Bitcoin and cryptocurrencies.” The country is very sad." Altman said: "I am also excited about Bitcoin. I think the idea that we have a global currency that is not controlled by any government is a very logical and important step in the evolution of technology."

Jinse Finance reported that on July 5, SolSea, an NFT platform based on Solana, said that it had reached a cooperation with Coca-Cola Srbija, the Serbian branch of Coca-Cola. SolSea said the collaboration will involve offering merchandise as well as NFTs of Coca-Cola’s Serbian brand. The two companies are offering NFTs and merchandise in partnership with EXIT Festival, a summer music festival held annually in Novi Sad, Serbia, during the first week of July. The 2023 festival will take place from July 6-9. Participants can get an exclusive hoodie to match the NFT during the EXIT Music Festival in Serbia.

PANews news on June 30, Ethereum co-founder Vitalik Buterin tweeted his views on US encryption policy: "I feel sad that Solana and other projects have been hit in this way, and they shouldn't be hit like this." Treat, if Ethereum ends up 'winning' by having all other blockchains kicked off exchanges, it's not an honorable way to win, and probably not even a win in the long run. The real competition isn't the other chains, Rather it is the rapidly expanding centralized world that is being imposed on us at our expense. I hope all projects get a fair outcome in this whole situation.”

In just one or two days, $100 million was lost! Sad or happy? 😂