Chris Larsen, a co-founder of Ripple, has donated $10 million to Kamala Harris for the US presidential campaign. This investment demonstrates Larsen’s faith in Harris’ ability to guide the nation toward global technical leadership.
Given these developments, the cryptocurrency market is starting the last quarter of the year with strong positive momentum. Shiba Inu’s (SHIB) price is drawing attention as the market stabilizes. Supported by many fans, the Shiba Inu’s price trajectory has generated many debates.
Additionally, investors have been drawn away from XRP by the new cryptocurrency platform DTX Exchange (DTX). Besides, there are significant predictions that it will rise by up to 1000%.
Crypto Analyst “Crypto Sheriff” Predicts SHIB Price Surge Amidst Market Volatility
Shiba Inu (SHIB) fans expect a spike, and the cryptocurrency is gaining traction. Crypto analyst “Crypto Sheriff” has firmly said that Shiba Inu (SHIB) is on the cusp of breaking out of its consolidation phase, with the first goal of hitting $0.00002.
Currently, the Shiba Inu (SHIB) price is $0.00001814, and investors are closely watching the construction of a descending triangle pattern, which might go anyway.
Sheriff believes that an upward breakout will occur, perhaps leading to a fresh surge, but he also points out that meme currencies are quite unpredictable. Shiba Inu (SHIB) has also reversed, rising 24% over the previous 30 days.
While some experts say the price of Shiba Inu (SHIB) is closer to its breakout, others think it may still need to catch up to new entrants providing exponential growth. Analysts remain cautious with such forecasts, particularly given the volatility of the meme coin market.
Ripple’s Co-founder Donates $10 Million to Kamala Harris
A PAC supporting Democratic Vice President Kamala Harris in the 2024 US presidential election has received $10 million from the co-founder of the startup Ripple.
Larsen acknowledged in an Oct. 21 X post that he had given $10 million in Ripple (XRP) to Future Forward USA, a super PAC that backs the Democratic presidential contender. The disclosed donation comes after the co-founder of Ripple (XRP) gave $1 million to Future Forward in August, one of the first sizable cryptocurrency donations in favor of Vice President Harris’ campaign.
Ripple (XRP) Can Surge In the Future
The current price of Ripple (XRP) is around $0.53, and its 24-hour trading volume is $1.19 billion. The market’s attitude toward Ripple (XRP) is still pessimistic, and the Fear & Greed Index is at 70, which denotes “Greed.”
Ripple’s (XRP) recent surges are due to the token’s ongoing legal struggle with the SEC, which tarnishes its reputation. Ripple (XRP) has fallen behind, struggling to achieve $0.60. Investor confidence has been low due to uncertainty over Ripple’s legal standing, particularly its institutional sales, limiting the likelihood of major price rises.
If Ripple can fully overcome its legal barriers and Ripple (XRP) re-establishes itself as a go-to asset, the price may rebound to earlier highs. However, this depends on many external variables, including market circumstances and worldwide adoption patterns.
Why Investors Are Growing Their Money with the DTX Exchange
DTX Exchange (DTX) is the ideal DeFi initiative for investors who are not yet ready to abandon CEX but want to go closer to DEX. DTX Exchange provides a far wider range of trading assets than typical platforms.
For traders who trade in bulk, DTX Exchange has launched a VIP Rebate System that offers them a refund of up to 3% of the platform’s expenses.
In contrast to most usual platforms, which are more concerned with transactional revenues than user success, this incentive scheme shows that the platform cares about its active users. DTX Exchange has raised more than $5.4 million in investment and is now in the presale stage.
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