Bitcoin, Ethereum, Dogecoin Drop After XRP Rally Stalls: Analyst Says Ripple Token To Become 'Top 3 Coin' Again Whether 'You Love It Or Hate It'
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following an unexpected rally in crypto prices last week, triggered by a favorable ruling in the Ripple-SEC case. The court declared that the sale of XRP tokens does not constitute investment contracts, leading to a 73% surge in XRP. Analysts predict that XRP will become a top 3 coin again within the next 6-12 months.
July 17, 2023 | 3:01 am
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NEGATIVE IMPACT
Bitcoin experienced a minor decline of 0.07% following the unexpected crypto rally last week.
The decline in Bitcoin's price is likely due to the market correction following the unexpected crypto rally last week. The favorable ruling in the Ripple-SEC case may have shifted investor focus towards XRP, impacting Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Dogecoin experienced a significant decline of 2.38% following the unexpected crypto rally last week.
The decline in Dogecoin's price is likely due to the market correction following the unexpected crypto rally last week. The favorable ruling in the Ripple-SEC case may have shifted investor focus towards XRP, impacting Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum saw a slight decline of 0.20% following the unexpected crypto rally last week.
The decline in Ethereum's price is likely due to the market correction following the unexpected crypto rally last week. The favorable ruling in the Ripple-SEC case may have shifted investor focus towards XRP, impacting Ethereum's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80