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Showing posts with the label altcoin watch

Why is XRP price down today?

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XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week. XRP (XRP) price is down today , mirroring trends elsewhere in the cryptocurrencymarket as traders await the Federal Reserve rate decision in the week. XRP price drops amid rising dollar strength On July 24, XRP price dropped 8% to $0.68, underperforming the crypto market's 3.5% decline on the same day. The XRP/USD pair declined amid growing expectations that the Fed would raise interest rates by 25 basis points in its July 25-26 meeting. XRP/USD versus the crypto market's daily performance chart. Source: TradingView A higher rate environment is considered bad for cryptocurrencies like XRP. As a result, some traders have rotated out of high-cap cryptos to seek shelter in safer assets like the U.S. dollar, selling at the peak of the Ripple-led market rally on July 13. For instance, XRP's price climbed 75% on July 13 but was unable to extend its gains above $1...

NFT aggregator Blur eyes 30% price pump by March amid airdrop euphoria

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BLUR price is also forming a Doji candlestick pattern on its four-hour chart, hinting at a bullish reversal ahead. Blur (BLUR) could rise by up to 30% by March 2023 owing to a mix of technical and fundamental factors. Blur airdrop hype Blur is a nonfungible token (NFT) aggregator that indexes digital art listings across various base marketplaces like LooksRare and OpenSea. In doing so, the aggregator allows users to trade across all NFTs marketplaces via a single interface. Since its launch in October 2022, Blur has become the leading NFT aggregator , accounting for 40%-60% of the daily NFT trading volume, according to data tracked by Messari. Blur versus other NFT marketplaces' volumes. Source: Messari The period has also witnessed the Blur team "airdropping" free BLUR tokens to users who have traded Ethereum-based NFTs in the past six months. On Feb. 15, Blur officially launched its native token of the same name, allowing airdrop recipients to trade it for fiat money a...