With the cryptocurrency market losing its momentum, many investors are wondering if it’s time to sell in order to avoid further losses or if the market will recover anytime soon.
Earlier this week, the crypto market seemed to be losing trail after multiple cryptocurrencies attempted to rally as the market hoped for an “Uptober” moment. But even though the crypto market has so far always recovered from its bearish period, there are still “casualties” that never make a strong recovery. That’s why it’s important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.
The XRP has witnessed a significant price increase of 1.83%. The price surge comes amidst Ripple’s release of 1 billion XRP coins into circulation as part of their monthly planned coin distribution strategy. This move increases the total number of XRP tokens available by about 1.87% from the previous total of 53.312 billion tokens.
However, XRP seems to be losing the bullish sentiment created over the past month. This past week, XRP’s gains stood at less than 2%, while during the past 24 hours, XRP has dipped by 0.5%. Currently, XRP is trading at $0.50.
On the other hand, John Deaton, a lawyer representing Ripple’s XRP holders expressed his disapproval towards SEC chairman Gary Gensler’s conduct on social media and demanded to step down from his position. Additionally, Deaton also accused Gensler and the SEC of disregarding the law, established legal tests, and court rulings.
This new cryptocurrency is currently ranking among the next cryptos that will explode. The IMPT crypto and the platform represent one of the crypto environmental projects. Soon it will become a marketplace that will allow the purchase of IMPT tokens, either with fiat currencies or cryptocurrencies.
The project’s price action has been largely steady since its launch, but its growing network and partnerships are expected to pave the way for a price increase this quarter. In addition, IMPT has launched an affiliate program called Global Rollout Network to attract more retailers and consumers to Planet’s Loyalty Programme.
At present, the IMPT token is trading at $0.004446 with a 24-hour trading volume of $878,895 USD. IMPT is down by 4.13% in the last 24 hours. There are 1.32 million IMPT coins currently in circulation which is around 45% of the current total supply.
Tamadoge is a blockchain meme coin project that initiated its presale in September 2022. Within its ecosystem, it seamlessly integrates NFT trading with virtual pets, allowing users to obtain tokens, oversee their growth, and engage in battles with fellow players.
Recently, Tamadoge launched its highly anticipated Pet Store, featuring 3D NFTs, NFT level-up boosters, and pet cosmetics. This latest announcement marks another significant milestone for the Tamadoge team.
In addition, Tamadoge is listed on 15 crypto exchanges and buyers are now piling back into the utility-rich meme coin. As the countdown to its newest listing runs, its trading volume has been increasing in recent hours. At this time of writing, TAMA is trading at $0.008603.
At this stage, TAMA is looking at three targets for bulls that will potentially return 66%, 156%, and 234% depending on the risk profile and the entry points taken.