The positive sentiment around Ripple ($XRP) has continued to build as the SEC lawsuit nears settlement. But, can it reach $3?
The bullish sentiment has cut across the crypto market, with Cronos (CRO) and Meme Moguls (MGLS) displaying promising signs. Let’s see how high these altcoins can go.
Ripple has seen remarkable success in its SEC lawsuit. Recently, John Deaton predicted that a settlement of $20 million or less would almost mean victory for the crypto company. Although a settlement hasn’t been reached, analysts expect the ruling in the Ripple lawsuit to favor the XRP coin.
A top Forbes analyst has predicted that Ripple’s XRP would lead the watershed moment for the crypto market. Through this positive sentiment, is a price tag of $3 possible? CryptoInsight shared a recent analysis predicting a Ripple price surge. While he doesn’t state a $3 price tag, he has called for a significant price increase.
XRP could also benefit from the ongoing positive sentiment in the crypto market. Judge Analisa Torres has issued her schedule for 2024, with Attorney Fred Rispoli saying the ruling of XRP as a commodity will stand until mid-2026. This could set the stage for a price surge for XRP.
The Cronos coin, CRO, was one of the top performers in the recent market surge. It increased by more than 100% to set a 2023 high at $0.119. However, the crypto market experienced a correction, with the price of Cronos dropping back to $0.095, according to CoinMarketCap.
Despite the correction, the Cronos chart has now displayed a bullish indicator that could lead to a significant price upswing. Changelly has predicted that the price of Cronos will recover above $0.100 before the end of November.
This happened shortly after Crypto.com announced that it had received a Virtual Asset Service Provider Licence (VASP) from Dubai’s regulators. The license will allow it to offer regulated virtual asset services of exchange, broker-dealer, lending and borrowing, and management and investment in Dubai.
The meme-based assets industry has gained a lot of recognition in the last couple of years. Meme coins have reached a market cap of over $17.5 billion without any defined structure. Memes Moguls has launched to solve that, creating the first meme-backed stock market/exchange.
The project has outlined its aim, which includes unifying the meme industry to provide a community for meme coin lovers. On the platform, users will get access to assets backed by memes, both within and outside the crypto space. The ecosystem will be built to feature a vast array of services, all influenced by memes.
The ecosystem will feature a Moguls Casino where players will partake in thrilling gameplay using meme-based assets and MGLS tokens. There will also be a metaverse platform called Mogul Land. In the metaverse, network users will interact and mine tokens to increase their profits.
Meme Moguls’ goal is to revolutionize how people see meme-based assets and the sector in general. As a result, analysts have forecasted success for the MGLS token, projecting notable price increases. At the moment, investors can snap up MGLS at $0.0019.
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The post Ripple Price Outlook, Can it Reach $3? Cronos (CRO) and Meme Moguls (MGLS) Display Bullish Indicators appeared first on CryptoPotato.
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