XRP Holders Are Betting Big on This New ICO – Could It Deliver 1,000% Profits?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As the XRP (XRP) price consolidates just to the north of its 50 and 200DMAs, holders are betting big on an alternative new ICO that could deliver even bigger gains.
XRP appears to have formed a pennant structure in recent weeks.
A breakout could trigger a swift rally back to 2024/late 2023 highs in the $0.75 area.
If the broader crypto market sees a more prolonged pump on optimism surrounding Fed rate cuts, which began on Wednesday, XRP could pump as far as its 2023 highs in the $0.95 area.
That could mean 60% gains from current levels.
However, some crypto investors are looking for much bigger upside potential.
They often turn to the highly volatile and unpredictable meme coin markets.
While meme coins can deliver a big upside—here are 18 new meme coins that Cryptonews.com thinks have big potential—their lack of inherent use case means that investors are taking a big risk.
A better bet might be to buy a new ICO in high-growth niches within crypto.
Examples could be DeFi, GameFi, and RWA Tokenization.
One of the most promising and fast-growing niches in crypto is GambleFi.
Blockchain/smart-contract Gambling platforms are threatening to take over the online gambling industry thanks to their better security and transparency.
Platforms like Stake.com and Rollbit are already making waves.
However, one new ICO in the GambleFi space called Mega Dice (DICE) is coming into the industry from a new, innovative angle.
Mega Dice (DICE) is en route to become one of the most widely used Telegram crypto casinos.
Building on Telegram has big benefits,
Read more on cryptonews.com
