Ripple (XRP) and Dogecoin (DOGE) Investors Eye Up Presale Gem Degrain (DGRN)
Bitcoin currently sits at a third of its
all-time high price, and last week, the price of Ethereum dipped below the $1,000
mark for the first time since January 2021. Smaller altcoins have also
experienced sharp declines in their market values, leading to millions of
dollars in losses for investors. In this article we look at why Ripple (XRP)
and Dogecoin (DOGE) are looking at a brilliant investment opportunity called
Dogecoin (DOGE): Still a long way off from all time highs
Dogecoin (DOGE) has experienced a
rollercoaster ride over the last few years. From starting out as a
cryptocurrency made as a joke by Jackson Palmer and Billy Markus in 2013,
Dogecoin (DOGE) rose to third in market capitalization worth almost $100
billion with a price of $0.69.
Currently Dogecoin (DOGE) is trading at
$0.063, 90% down from its all time high. Elon Musk helped spring it into
mainstream terrority when he announced on twitter that Tesla would accept
payments for their cars in Dogecoin (DOGE). With $617 million traded in the
last 24 hours on Dogecoin (DOGE) it is significantly below the previous trading
volumes seen this time last year. Does this signify that Dogecoin (DOGE) may in
fact be in for a rocky road ahead where recovery could take some years.
Ripple (XRP): In hot water with the SEC
The executives allegedly held an initial
public offering (IPO) of XRP, which was an unregistered securities offering at
the time of raising cash, according to the SEC.
According to the lawsuit, Chris Larsen,
Ripple Lab’s co-founder, former CEO and Brad Garlinghouse, Ripple’s current
CEO, were involved in personal unregistered XRP transactions totaling
approximately $600 million, as well as structuring and marketing the XRP sales
used to support the company’s business.
According to legal experts, the court’s
rulings in the case so far seem to have favored Ripple. But the case is ongoing
and it remains to be seen whether the SEC complaint will ultimately be
dismissed or upheld. However, the mere risk of the SEC succeeding has scared
away a lot of Ripple’s investors, especially those living in the USA.
Degrain (DGRN) Predicted to be the next 1,000x investment
Degrain (DGRN) is launching the world’s
first cross-chain NFT marketplace.
Experts have projected it to potentially overtake even established platforms
like OpenSea and LookRare in the coming year. Degrain (DGRN) further
establishes itself as the future of NFTs through its utilization of NFTs real
world benefits and revenue sharing with DGRN stakers. While the project is
still in the works, Degrain aims to create value for real-life companies and
share this revenue with its token stakers.
Degrain (DGRN) is now in its presale
stage, already seeing a boom in sales since its launch on the 4th July where
there were 25 million tokens sold in the first 90 seconds of launch. Crypto
analysts are predicting that due to the unique and one of a kind utility, this could be the next 1,000x crypto
Analysts are predicting Degrain could see
a flurry of investors from top projects, including Shiba Inu and Binance Coin.
With these facts already factored in, it
is predicted that DGRN tokens will rise a further 4,000% before the presale
concludes on 4th September. Our pick of the week for top crypto investment goes