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Ripple’s SEC Appeal Making Holders Uneasy, Here’s Why Sharks are Splitting XRP Bag
Ripple (XRP), a heavyweight in the crypto industry, continues to face uncertainty as it navigates the murky waters of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The recent news about Ripple’s appeal regarding the SEC’s decision has left XRP holders anxious, with some beginning to split their XRP holdings to diversify and seek safer opportunities. One of the emerging alternatives that has caught the attention of investors is Mpeppe (MPEPE), a meme coin that has been experiencing significant momentum during its presale. As Ripple’s legal troubles mount, investors are exploring other opportunities, and Mpeppe (MPEPE) is quickly becoming a popular choice for those looking to hedge their portfolios.
Ripple and SEC: A Saga of Uncertainty
Ripple’s long-standing dispute with the SEC seemed to be reaching a resolution when the company agreed to pay a $125 million fine. However, just as Ripple (XRP) holders began to breathe a sigh of relief, a new twist emerged. Ripple filed a letter to the New York District Judge overseeing the case, requesting amendments to the initial agreement. This unexpected development has cast doubt over whether the legal battle is truly nearing its end, with some analysts suggesting that a prolonged appeal process could be on the horizon.
The SEC’s decision to potentially delay the fine further complicates Ripple’s (XRP) trajectory. The uncertainty surrounding the case has created a volatile environment for XRP, with the token struggling to break through key resistance levels. Currently, XRP is trading near $0.555, having faced resistance at $0.5. Midterm predictions suggest XRP could return to its yearly lows of around $0.38 if the situation doesn’t improve, leaving Mpeppe (MPEPE) as one of a few crypto’s to sustain the market bearish momentum.
Ripple’s (XRP): The Appeal Process
The potential appeal by Ripple regarding its settlement with the SEC has left XRP holders in a precarious position. Although the company continues to develop new products—such as its planned stablecoin RLUSD, set to launch within weeks—the ongoing legal drama has led to growing unease among investors. Ripple’s CEO Brad Garlinghouse remains optimistic, but many XRP investors are questioning whether the token can regain its previous highs amidst this turbulent environment.
As Ripple (XRP) holders weigh their options, some have begun diversifying their portfolios to protect against potential losses. This is where Mpeppe (MPEPE) comes into play. Mpeppe (MPEPE), a meme coin that has garnered significant attention during its presale, is emerging as a promising alternative for investors seeking higher returns with less regulatory scrutiny.
Mpeppe (MPEPE): Crypto’s Shooting Star Amidst Ripple’s (XRP) Struggles
While Ripple (XRP) continues to grapple with the SEC, Mpeppe (MPEPE) has been capturing the attention of crypto sharks and retail investors alike. With a unique community-driven approach and strong presale performance, Mpeppe (MPEPE) offers an exciting opportunity for those looking to diversify their holdings away from regulatory-risky assets like XRP.
Mpeppe (MPEPE) is currently in Stage 4 of its presale, with over 66% of tokens already sold. The presale has raised close to $2 million, signaling strong demand and enthusiasm for this emerging meme coin. Unlike XRP, which is tied up in legal disputes, Mpeppe (MPEPE) has a clear path forward, free from regulatory entanglements. This has made it a popular choice for investors looking for growth potential in the volatile world of cryptocurrencies.
XRP Investors Splitting Their Bags
As Ripple (XRP) struggles to maintain its price levels, many investors are choosing to split their holdings and explore new opportunities. Mpeppe (MPEPE), with its impressive presale performance and strong community backing, has become one of the most attractive alternatives. Investors are drawn to its potential for significant price growth, particularly in the meme coin space, which has produced impressive returns in the past.
Moreover, Mpeppe (MPEPE) offers a much-needed sense of optimism in a market where regulatory risks are becoming a major concern. As XRP holders seek safer and more lucrative opportunities, Mpeppe (MPEPE) is quickly emerging as a top contender.
A Changing Tide for Ripple (XRP) and Mpeppe (MPEPE)
The ongoing legal battle between Ripple and the SEC has cast a shadow over XRP’s future, leaving many investors uncertain about the token’s prospects. With an appeal potentially on the horizon and Ripple’s (XRP) price struggling to break through key resistance levels, it’s no surprise that sharks and retail investors are looking for alternatives.
Mpeppe (MPEPE), with its strong presale performance and community-driven approach, offers an exciting opportunity for investors seeking to diversify their portfolios. As Ripple (XRP) holders split their bags, Mpeppe (MPEPE) stands out as a promising option in the ever-evolving crypto landscape. With nearly $2 million raised in its presale and more than 66% of tokens sold, Mpeppe (MPEPE) could be the next big meme coin to watch.
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Solana has once again caught the attention of market participants as it hit a new ATH on Friday. Notably, SOL witnesses a sustained rally against the backdrop of massive whale accumulations. Now, as the crypto is noting a buying pressure amid the bull market, market watchers anticipate further gains in the crypto ahead.
Solana Hits New ATH Amid Massive Whale Buying
According to data by Lookonchain on November 22, whales continue to accumulate Solana amid its upside movement to a new ATH. According to the data, a fresh wallet was recorded accumulating 42,443 SOL, worth $11.14 million, from Binance over the past two days. This accumulation was made by the wallet address “Au1VJ…q8hF8”, per Solscan’s data.
Simultaneously, another massive accumulation recorded over the past day has weighed the scales toward the bullish side of the asset. Lookonchain revealed that a whale bagged 100K SOL, worth $23.86 million, and staked it over the last two days. Notably, Solscan’s data showed this whale address as 7L1HBfMH.., while the whale’s SOL holdings totaled $55.58 million.
Overall, these accumulations, underscoring increased buying pressure on the asset, birthed significant market optimism on future price movements. For context, large-scale investors’ accumulations signaled heightened market confidence in the asset’s potential to offer gains ahead.
Moreover, with the soaring odds of a Solana ETF further weighing in, the current market sentiment for one of the leading crypto by market cap remains highly bullish. A recent CoinGape Media report further revealed that the SEC has now started engaging with the SOL ETF issuers regarding the filed S-1 registration statements. Besides, Bitwise has also filed for Solana ETF recently, further fueling market interest.
Coin Price Gians 8% Breaking ATH
SOL price today witnessed gains worth 8% intraday and was trading at $262.51 at the time of reporting. The coin’s 24-hour low was $237.33, whereas the current price level marked a new ATH. Notably, the weekly chart illustrated a 26% pump for the coin, followed by a monthly upswing of 59%. This bullish movement falls in line with massive buying pressure on the asset, as seen by the abovementioned whale transactions.
Simultaneously, Coinglass data indicated that the coin’s futures OI surged 15% to $6.01 billion. Moreover, the derivatives volume noted a 61% uptick to $19.03 billion. Overall, this stat indicated a burgeoning market interest in the asset, further paving an optimistic path for future price movements.
Also, a recent Solana price analysis by CoinGape Media pointed out that the coin eyes a $5,000 price target as it has already noted a significant surge from its 2023 lows. Crypto market watchers continue to monitor the token for further price action shifts in light of the abovementioned statistics.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Dogecoin hash rate has spiked sharply, reaching new all-time highs. This bullish development reflects increasing network activity and miner participation. The surge also aligns with the recent positive shift in Dogecoin’s momentum, which favorable market conditions and sentiment have bolstered.
Dogecoin Hashrate Reaches New ATH
Dogecoin mining activity is experiencing a major upsurge, as its hash rate recently hit a new ATH. This impressive milestone indicates strong network security and growing miner confidence in Dogecoin.
Crypto analyst Master Kenobi announced this bullish development in an X (formerly Twitter) post on November 20. The analyst revealed that over time, DOGE mining activity could become more profitable, more stable and less taxing for miners than Bitcoin mining.
Master Kenobi’s analysis is especially notable due to Bitcoin’s cyclic halving events, which occur every four years and cut the rewards of miners in half. The Bitcoin halving also decreases the rate at which new coins are available, thus reducing its supply while also resulting in lesser profits for Bitcoin miners.
Without halving events like Bitcoin, Master Kenobi reveals that Dogecoin offers more predictable rewards and facilitates long-term stability for miners. Moreover, this stability can potentially boost the meme coin’s value and strengthen its network security, thereby improving trust in its ecosystem.
The Dogecoin hash rate is calculated based on the number of calculations performed per second to solve a hash on the blockchain. At the time of the ATH, DOGE’s hash rate was at 1.5 PH/s. However now its hash rate has increased slightly to 1.52 PH/s.
Interestingly, the spike in Dogecoin’s hash rate to new ATHs comes as the meme coin records a surge in momentum. Over the past few weeks, Dogecoin has experienced triple-digit gains, recording a price increase of more than 169% just this month. CoinMarkeCap’s data also shows that the price of the meme coin is currently trading at $0.385.
This price surge has caught the attention of the crypto market, and with the increase in hash rate, Dogecoin is steadily solidifying its position as the number one meme coin in the crypto market.
DOGE Mining Vs. Bitcoin Mining
In his X post, Master Kenobi reveals that Dogecoin and Bitcoin operate on fundamentally different networks. Each cryptocurrency uses distinct hashing algorithms, making mining compatibility between both ecosystems virtually impossible.
While DOGE operates on the Scrypt algorithm, which is optimized for a different class of Application-Specific Integrated Circuits (ASICs), Bitcoin, on the other hand, relies on the SHA-256 algorithm, which requires ASICs specifically designed for its type of hashing.
This notable distinction prevents miners from switching between networks, bolstering the independence of each blockchain network. Additionally, the difference in hashing algorithms ensures no overlap in hardware utility and prevents the risk of a network being compromised by others’ mining resources. This ultimately improves security for both the Dogecoin and Bitcoin ecosystems.
Featured image created with Dall.E, chart from Tradingview.com
The crypto prices today have primarily continued on an upward trajectory, showcasing strong market momentum. Bitcoin (BTC) has reached a significant milestone, touching $99,000 for the first time. Ethereum (ETH) and Solana (SOL) have also surged by 9% and 12%, while XRP has climbed by an impressive 25%. The global crypto market cap has jumped by 6%, to $3.26 trillion, with total trading volume skyrocketing 41% in the past 24 hours to $251 billion.
Let’s dive deeper into the top cryptocurrencies by market cap and their price movements on November 22.
Crypto Prices Today: Bullish BTC, ETH, SOL & XRP Sentiment
The overall crypto market appears bullish as Bitcoin (BTC) touched $99K for the first time. Ethereum (ETH) prices shot up by 9%, while most major cryptocurrencies have gained in the past 24 hours. XRP surged 25%, fueled by news of Gary Gensler stepping down as US SEC Chair in January 2025.
Bitcoin Price Today
Bitcoin has gained approximately 5% in the past 24 hours and is currently trading at $98,683. The coin’s intraday low and high were $94,457 and $98,834, respectively. With a market cap of $1.95 trillion and a 24-hour trading volume of $106 billion, BTC holds a market dominance of 59.53%, reflecting its continued strength in the crypto market.
According to Sosovalue, ten Bitcoin ETFs recorded an inflow of $397 million on Thursday, signaling growing institutional interest. However, BlackRock’s IBIT data, which is highly anticipated, is still awaited and could further influence market sentiment.
Ethereum Price Today
Ethereum surged 9% today and is trading at $3,331. Its 24-hour low and high were $3,083 and $3,388, respectively. With a market cap of $400 billion and a trading volume of $52 billion in the past 24 hours, ETH remains the second-largest cryptocurrency by market cap, holding a market dominance of 12.20%.
While ETH ETFs saw an outflow of $9 million, BlackRock’s data is still awaited for further insights. Additionally, ETH co-founder Vitalik Buterin purchased Super Anon (ANON) tokens on Base, highlighting its potential as a revolutionary token in the privacy space.
Solana Price Today
Solana (SOL) is currently trading at $261, marking a 12% increase in the last 24 hours. The crypto prices hits all-time high of $263.70 today. Its intraday low and high were $236 and $263.70, respectively. With a market cap of $122 billion, SOL stands as the fourth-largest cryptocurrency by market cap, showcasing its robust performance.
The 24-hour trading volume for Solana is $11 billion, and it holds a market dominance of 3.74%. As Bitwise submits Solana spot ETF filing, its growing significance in the crypto space reflects increasing investor interest.
XRP Price Today
XRP recorded the biggest jump in the past 24 hours, currently trading at $1.36, marking a 25% surge. Its 24-hour low and high were $1.086 and $1.43, respectively. With a market cap of $78 billion, XRP ranks as the sixth-largest cryptocurrency by market capitalization.
The 24-hour trading volume for XRP stands at $15 billion, with a market dominance of 2.38%. This significant rally highlights growing investor interest, further boosting its position in the crypto market.
Meme Coins Prices Today
Dogecoin (DOGE) witnessed a 6% increase in the past 24 hours, currently trading at $0.3966. Its 24-hour low and high were $0.3767 and $0.3996, respectively. With a market cap of $58 billion and a trading volume of $8.72 billion in the last 24 hours, DOGE continues to show strong market performance.
Similarly, Shiba Inu (SHIB) gained nearly 7%, currently trading at $0.00002502. Other notable meme coins like PEPE, BONK, and WIF also saw impressive gains, ranging from 6% to 13% in the past 24 hours, reflecting strong investor interest in the meme coin sector.
Top Crypto Gainers Prices Today
FTX Token
FTT token jumped by 34% in the past 24 hours, currently trading at $2.68. Its 24-hour low and high were $1.973 and $2.962, respectively, reflecting a strong surge in its price.
XRP
XRP is currently trading at $1.36, reflecting a 25% increase in the past 24 hours. Its 24-hour low and high were $1.086 and $1.43, respectively, showing significant price movement during this period.
Optimism
Optimism (OP) is up by 24% in the last 24 hours, currently trading at $2.03. Its 24-hour low and high were $1.647 and $2.202, respectively, reflecting strong price action during this period.
Top Crypto Losers Prices Today
FLOKI
FLOKI is down by 5% in the last 24 hours, currently trading at $0.0002627. Its 24-hour low and high were $0.0002487 and $0.0002778, respectively, showing a slight decline in price during this period.
Peanut the Squirrel
PNUT price is trading at $1.29, down by 3% in the last 24 hours. Its 24-hour low and high were $0.1185 and $0.153, respectively, with trading volume climbing 31%.
Besides this, the hourly chart of BTC and ETH looks positive, with both showing a 1% increase. This upward movement reflects a strong short-term trend for both cryptocurrencies. The crypto prices is expected to show volatility today amid weekly options expiry.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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