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Ripple's XRP token has been on a wild ride in the past few years. The token reached a price point of $0.84 after dwelling in the $0.40 price range for years while the legal battle against the SEC occurred. However, after Ripple proved its innocence, the XRP token doubled in value, reaching $0.84 in mid-2023.
Everyone hoped XRP would be the biggest gainer this year, but the token lost 20% a few days later due to current market conditions. The markets entered a broader downtrend, pushing XRP prices even lower. Ripple lost almost $2 billion in a day, and even though it's up now, it's losing traction by the minute. Experts predict that XRP will bottom out at $0.45, so many are moving to the new independent XRP20 crypto gearing up for a significant bull run.
At the time of writing, XRP is trading for $0.61, which is 10,61% lower than the week before.
The token keeps reducing its monthly gains by the day, currently standing at 31.4%. The negative price movements surprised many, as the vast majority of investors expected XRP to keep gaining momentum after the SEC lawsuit. XRP did gain 60% after the lawsuit but is now struggling to break the $0.62 resistance level.
The asset will likely close the week below the $0.62 level, marking the fourth week of consecutive losses for XRP holders. The current price movements point to a prolonged downward trend that could land below the $0.58 price level. Moreover, by September, many respected crypto experts with over 500K followers put the XRP token below the $0.45 price level. The downtrend is likely caused by the unresolved SEC lawsuit. Simply put, XRP is in extreme volatility, and its future will be determined once the lawsuit is over.
These factors contribute to the downtrend, and the recent negative price movements scare investors away from Ripple. Many are looking for high-gain alternatives, and XRP20 has been among the most popular investment choices in the past week.
It's clear that XRP is on a stable downtrend, which makes it a bad investment option. However, the newly emerging token version called XRP20 is gaining momentum. It's inspired by the original Ripple token, and it aims to recreate and possibly even surpass the massive gains XRP had in the past.
XRP20 is similar to the original token but with a few significant improvements. It's primarily a staking platform built on the Ethereum network, which makes it an excellent staking option with high return potential. The news about the XRP20 token presale spread through the crypto community at lightning speeds, putting the new token in the focus of some of the biggest crypto whales in the game.
The platform has unique features, including a deflationary burn mechanism that will reduce the amount of XRP20 tokens in circulation, driving value to all token holders. XRP20 will pump value by reducing token supply, providing users who staked their tokens with higher gains. All of these factors point to a massive price bump once the platform goes live, making it one of the best investment options at the moment.
XRP20 is currently in the earliest presale stages, allowing investors to get tokens for as little as $0.000092. The price is just a tiny fraction of the original XRP coin, attracting investors in mass due to the massive growth potential of the new XRP20 token. Getting the coins during the presale will likely result in 20x gains or higher, providing early investors with some of the biggest gains of the year.
The new platform aims to recreate and even surpass XRP's massive gains in the past. That makes it an excellent choice for investors who missed their chance to get the original XRP tokens at a discount. XRP20 tokens are selling like crazy and are now well on their way to hitting the hard cap. Considering that XRP20 is a serious upgrade to the original XRP token, with high utility, a powerful burn mechanism, and the fact that it's an ERC-20 token, everyone who invests early will likely enjoy massive returns once the platform goes live.
The XRP20 presale is moving extremely quickly. It raised over $1.2 million in a week and has almost reached the soft cap of $1.85 million. The platform has a total token supply of 100 billion, but only 40% is available in presale. Another 40% will be used for staking rewards, while the remaining 20% will be split between DEX liquidity pools and burn allocation.
Over 10 billion tokens have been sold already, so there is little time before the presale closes. You can get XRP20 tokens by exchanging ETH or USDT. However, you can also buy them with BNB tokens, so don't miss your chance to invest early and become a part of one of the cryptos showing the highest potential in 2023.
Despite being the 7th highest-ranked cryptocurrency by market cap, Ripple's XRP is losing ground slowly but surely due to the unresolved lawsuit against the SEC. That's why more and more investors are moving to other cryptocurrencies, especially emerging platforms that are yet to pump, resulting in massive gains for all early investors.
XRP20 is among the most popular investment options in August, and its official presale will likely meet its hard cap of $3.68 million in the next week or two. So, visit the official XRP20 site and get your tokens at a massive discount to enjoy the highest returns in 2023 and beyond.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
