2 Crypto To Buy To Complete $1 Portfolio In May

Investors in the cryptocurrency market seem stuck between a rock and a hard place. On one hand, the market shows weakness after Bitcoin halving, signaling an upcoming sell-off, on the other hand, a long-term bullish outlook is likely forming. The latter end of the bargain is one of the factors keeping investors steadily holding onto The post 2 Crypto To Buy To Complete $1 Portfolio In May appeared first on CoinGape . read more

XRP Price Prediction: Machine Learning Algorithm Reveals Where Price Will Be In June

XRP is among the altcoins that continue to command a large following even after putting on a poor performance for the last few years. At the same time, expectations for the altcoin have fluctuated between bullish and bearish, especially in the long term. However, in the short term at least, the machine learning algorithm at read more

UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal

In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over the regulatory status of its UNI token. Postponed UNI Governance Upgrade Sparks Sell-off On Friday, the Uniswap Foundation announced that it was delaying the deployment of the first proposal to activate Uniswap Protocol Governance. The foundation cited the need for additional due diligence on “a new issue” raised by a stakeholder, underscoring the sensitivity of the proposed upgrade. The Foundation further stated: This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes. Related Reading: Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices? The shelved proposal aimed to streamline Uniswap’s fee mechanisms, allowing UNI token holders who have staked and delegated their tokens to be rewarded. It would have increased the efficiency of fee adjustments and reduced the governance burden on delegates while maintaining the protocol’s “credible neutrality.” The delay has had a tangible impact on UNI’s price, as seen in the token’s daily UNI/USD chart above. The token has slid down to the key support level at $10.20—an 8.6% decline in the past 24 hours. Should the token fail to regain bullish momentum and the $10 support level, it could retrace further to $9.66 and potentially as low as $9.33. Uniswap In High-Stakes Showdown With SEC Adding to Uniswap’s challenges, the company is embroiled in a high-stakes legal battle with the SEC. The regulatory agency has issued a Wells Notice to Uniswap Labs, signaling its intent to recommend enforcement action against the firm. Uniswap Labs has pushed back, arguing that the SEC’s case is flawed and fails to recognize the distinction between tokens as stores of value and tokens as securities. The company has expressed confidence in a favorable outcome, noting that its legal team has a strong track record of victories against the SEC, stating: But we’re prepared to fight. Our lawyers are 2-0 in high-profile SEC cases. Andrew Ceresney, a former head of enforcement at the SEC, represented Ripple in their victory over the SEC. Don Verrilli, a former U.S. solicitor general, has argued more than 50 cases before the U.S. Supreme Court and represented Grayscale in its successful case against the SEC. Related Reading: Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20% Despite these setbacks, Uniswap continues to demonstrate substantial growth, with a total value locked (TVL) of $6.1 billion and a market capitalization of $7.7 billion, according to DeFiLlama data. Moreover, CoinGecko data shows that the UNI token’s trading volume has increased by 21.5% over the past 24 hours, reaching $264 million. As the Uniswap community awaits updates on the delayed governance proposal and the outcome of the SEC battle, the platform’s long-term prospects will likely hinge on its ability to navigate these challenges and maintain its position in the market. Featured image from Shutterstock, chart from TradingView.com read more

Analyst Predicts Potential Rise in Dogecoin

Dogecoin is known for being at the top of meme coins. Analyst Ali Martinez predicts a potential rise in DOGE. Continue Reading: Analyst Predicts Potential Rise in Dogecoin read more

US President Joe Biden vetoes SAB 121 repeal

United States President Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors." read more

Crypto Influencer Ansem Clashes With Vitalik Buterin, Triggers ETH Community

Crypto influencer, Ansem has ignited a social media uproar in crypto spaces with a series of posts getting the attention of Ethereum’s co-founder Vitalik Buterin. The frenzy led to wider debates on the efficiency and achievements of the Ethereum blockchain compared to other networks like Solans. Ansem Takes The Heat The recent social media banter The post Crypto Influencer Ansem Clashes With Vitalik Buterin, Triggers ETH Community appeared first on CoinGape . read more

President Biden Vetoes Pro-Crypto Resolution, Defends SEC's Judgement

The White House said the bipartisan-passed bill would “jeopardize the well-being of consumers and investors.” read more

New York Tightens Customer Service Regulations for Crypto Companies

The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory review, and provide quarterly analyses. New York Regulator Requires Crypto Firms to Adopt New read more

U.S. President Biden Vetoes Resolution Overturning SEC Guidance

U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121. read more

Chainlink takes a bearish turn: Is a $20 price target still possible?

LINK sheds all of its monthly gains in a stunning bearish reversal. read more

Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low

Crypto analyst Egrag Crypto has provided another bullish narrative for the XRP price. This time, he outlined two scenarios that could occur and cause the crypto token to experience a breakout, potentially sending it as high as $7.5. This comes with the recent revelation that XRP’s Relative Strength Index (RSI) has reached its lowest ever. Time For An XRP Price Breakout Egrag Crypto shared a chart in an X (formerly Twitter) post that showed that the crypto token could rise to $7.5 when it accomplishes the breakout, which the crypto analyst claimed is imminent. Egrag highlighted a “White Triangle” breakout on the chart, which he stated is “aligning perfectly” with the previous charts and the Fib 0.702 to 0.786 levels. He added that the measured move is projected to be between $1.2 and $1.5 before XRP could take off and climb to $7.5. Egrag further remarked that the “critical breakout point” for XRP is around $0.70 and $0.7’5 and that the crypto token is “poised” to achieve this breakout in the “next couple of weeks. Egrag warned that XRP could still experience significant declines before then, stating that a retest of the breakout might be on the cards. However, he is convinced that a “MEGA RUN for XRP is on the horizon.” Meanwhile, for the second scenario of how XRP could achieve its impending breakout, Egrag Crypto highlighted an ‘Atlas Line’ on the XRP chart and claimed that the breakout point for XRP is at $0.6799. He noted that XRP is still holding strong “like a boss” on the atlas line, suggesting it shouldn’t be long before it breaks above $0.6799. In the meantime, $0.5777 and $0.5000 are key price levels that XRP holders should monitor. Egrag labels them resistance and support levels for XRP’s upward trend along this atlas line. XRP Hits Its Lowest RSI In History Egrag revealed in a more recent X post that XRP’s RSI is at its lowest ever. He noted that this assertion was based on the monthly time frame and shared a chart to prove his claim. Following his revelation, Egrag highlighted how bullish this was for XRP, stating, “If this isn’t a positive signal, I don’t know what is.” The chart he shared showed that XRP’s Relative Strength Index is at 38, which is indeed bullish for the crypto token. Low RSI levels are considered a buy signal since they suggest that the coin is oversold and undervalued. Therefore, crypto investors might be looking to accumulate XRP, with these buy orders expected to trigger a move to the upside for the crypto token. At the time of writing, XRP is trading at around $0.52, up almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com read more