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XRP is in the spotlight once again as the community awaits a verdict in the SEC vs. Ripple case. The token noted a spike in its social dominance, an on-chain metric used to measure the mentions of an asset across social media platforms like Twitter.

Typically, this is considered a sign of a recovery, which would mean thatand XRP price is likely to wipe out its losses from June 2023.

Also read: Veteran trader Peter Brandt calls Binance scam of the decade as Bitcoin, Ethereum trade at discount

Based on data from crypto intelligence tracker Santiment, the altcoin XRP observed an increase in its social dominance. Social dominance shows the share of discussions in crypto media, associated with XRP. Santiment builds this metric on top of social data, gathered from different social media platforms.

XRP social dominance

In the early hours of Monday, there was a significant uptick, despite the XRP price decline. Experts at Santiment believe that the probability of recovery in XRP price increases with the rise in social dominance.

As seen in the chart above, the spike in social dominance is the largest increase since May, and XRP prices are likely to rally in the short term.

There is a higher probability of XRP price recovering from the decline in June 2023. XRP price declined nearly 20% in mid-June, plummeting from $0.5647 to $0.4567 within a week.

XRP/USDT one-day price chart on Binance

A recovery in XRP price is likely to push the altcoin to its July 2 high of $0.4971, which coincides with the 50% Fibonacci retracement of the decline from the March 29 peak of $0.5840 to the May 8 low of $0.4102.

It remains to be seen whether XRP price will recover from the recent losses. XRP holders are awaiting an outcome in the SEC vs. Ripple lawsuit.

The technical analyst behind the Twitter handle @egragcrypto evaluated the weekly XRP price chart on Binance and identified potential for a rally in the altcoin. The analyst suggests longer the consolidation, higher the potential for a bullish breakout.

The United States Securities and Exchange Commission (SEC) brought charges against Ripple and its executives alleging that the cross-border payment settlement firm raised more than $1.3 billion through an unregistered asset offering of the XRP token. Ripple argues that XRP should not be treated as a security or an investment contract, just like the SEC looks at Bitcoin or Ethereum, citing views from former SEC Director of Corporation Finance William Hinman.

The SEC charges were made public in December 2020. The long-running litigation, presided by Judge Analisa Torres, seems to be close to its end as both parties fail to reach an agreement.

Ripple is the largest holder of the altcoin XRP. The SECs charges against Ripple resulted in a mass delisting of XRP across crypto exchange platforms and a sharp decline in the tokens value, which used to be the third crypto asset by market capitalization after Bitcoin and Ethereum. A positive outcome for Ripple in its case against the SEC would benefit XRPs price, while a SEC win is likely to weigh further on the asset, experts say.

The final verdict in the SEC vs. Ripple lawsuit is the most highly anticipated in the crypto ecosystem. The lawsuit is expected to set precedent for other open cases that affect dozens of digital assets. A ruling in favor of the SEC would most likely bring further regulation to the sector as it would classify most tokens as securities. On the contrary, Ripples win would be interpreted as a validation of the crypto markets and could boost investors' confidence if current legal uncertainties surrounding digital assets in the US are solved.

The ruling may also include views over XRP secondary sales, which directly affects investors who trade XRP on cryptocurrency exchange platforms. Pro-Ripple attorney John Deaton, who filed an amicus brief in the SEC vs. Ripple case, suggests this matter is likely to be addressed. A ruling stating that secondary sales don't qualify as securities, contrary to what the SEC claims, is likely to be beneficial for XRP.

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XRP network dominance explodes, analysts predict massive rally in the altcoin - FXStreet

A widely followed crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a move to the upside.

Trader Michal van de Poppe tells his 660,000 Twitter followers that AVAX looks bullish after briefly moving above resistance at $14.

According to Van de Poppe, Avalanche looks poised for a cooldown period before igniting the next leg up.

Great move here, breaking through previous highs. Swept all the highs, so some consolidation seems likely. In that regard, areas at $12.70-$12.95 are potentially for buying the dip towards $16.

At time of writing, AVAX is trading for $13.33

Next up is Zilliqa (ZIL), a blockchain designed for enterprise solutions. Van de Poppe says that ZIL is likely due for a pullback to around $0.018 after a 60% rally in about a month.

Good move on ZIL earlier, as we took out all the highs.

Thats why Ill be waiting for these lows and then start investigating for longs.

At time of writing, ZIL is worth $0.019.

As for the peer-to-peer payments network Litecoin (LTC), Van de Poppe says that the altcoin must stay above the 200-week exponential moving average (EMA) to have a shot at rallying before its next halving event, which is slated for August.

We are looking at a case that we are currently retesting the 200-week EMA and that we are surely looking at a case to hold here if we want anything to continue to pursue in order for Litecoin going into the halving.

At time of writing, LTC is trading for $93.86, currently below the 200-week EMA which is hovering around $95.50.

Featured Image: Shutterstock/Itsanan

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Crypto Analyst Predicts Further Rallies for Avalanche, Updates Forecast on Litecoin and One Additional Altcoin - The Daily Hodl

Bitcoin and Ether fell during Wednesday afternoon trading in Hong Kong but remained above key price levels, while most of the top altcoins were in the red. The altcoin bear market could last another two to six months, due to the Securities and Exchange Commissions (SEC) moves against these tokens, industry experts told Forkast.

See related article: Weekly Market Wrap: Bitcoin breaches US$31,195 following Fidelitys spot Bitcoin ETF application

Bitcoin inched down 0.21% from 7:20 a.m. to 4:30 p.m. in Hong Kong to US$30,735. Ether fell 0.61% in the same period to trade at US$1,929, floating above US$1,900 since Sunday.

On Tuesday, the price of Bitcoin, the worlds largest cryptocurrency, rose to US$31,371, its highest since June 2022, over optimism about spot Bitcoin exchange-traded fund applications by a raft of Wall Street heavyweights, including Blackrock.

While both Bitcoin and Ether remain firmly above key psychological levels, altcoins seem to lack momentum compared to the two largest cryptocurrencies.

The delisting of specific assets from US cryptocurrency exchanges in June has accentuated a demarcation in asset performance that has existed since the start of the bear market in 2021, Jamie Coutts, a senior market structure analyst at Bloomberg Intelligence, told Forkast in a statement.

Assets deemed commodities, Bitcoin and Ethereum (although not enshrined), have generated a collective return shy of 70% year-to-date and are 58% from their all-time highs. Meanwhile, SECurities have averaged a paltry 18.87% languishing 84% below their all-time highs, wrote Coutts, adding that the altcoin bear market could last another two to six months.

Altcoins have suffered from the SECs crackdown on tokens that they deem financial securities. Solana, Cardano, Polygon and BNB were among those that the regulator named as unregistered securities in its lawsuits filed against the Coinbase and Binance.US exchanges in early June.

Story continues

Litecoin was the days biggest loser in the top 10, falling 2.65% to US$104.49, followed by Binances BNB token that decreased 1.20% in the past 24 hours to trade at US$242.29.

Dogecoin increased 0.45% to US$0.06858, followed by Solanas Sol token that inched up 0.26% to US$19.20, as the days only two gainers in the top 10 cryptos.

The total crypto market capitalization over the past 24 hours fell 0.89% to US$1.2 trillion and market volume decreased 27.35% to US$27.24 billion, according to CoinMarketCap data.

The Forkast 500 NFT index rose 0.83% to 2,770.49 points in the 24 hours to 4:30 p.m. in Hong Kong but fell 3.35% during the week.

After a weak Tuesday, Bitcoins 24-hour non-fungible token sales rose 41.21% to US$3.53 million, as sales for $FRAM BRC-20 NFTs rose 3.19% to US$1.36 million.

Ethereums 24-hour NFT sales fell 22.24% to US$19.07 million, as sales for the largest Ethereum-native NFT collection, the Bored Ape Yacht Club, fell 20.44% to US$2.33 million, but Mutant Ape Yacht Club sales rose 29.44% to US$2.3 million.

The Forkast 500 NFT Index reflects declining sales prices across collections on all chains, but its Ethereum thats really dragging the market down with it, said Petscher, pointing to the recent problems with the Azuki NFT collection.

Azukis struggles exasperated the already struggling market Azukis new Elementals mint was supposed to be a boom for NFTs and instead was a bust, becoming a catalyst that drove NFT collections down to all-time lows.

Azuki sales continued their fall, decreasing 16.36% to US$1.66 million, after the new Azuki Elementals collection was criticized for being too similar to the original. The Azuki Elementals collection began minting last Tuesday and sold out in 15 minutes, but left collectors disappointed as the latest collection looked almost the same as the original.

Among the Forkast Labs NFT indexes, the Forkast SOL NFT Composite was the only one in the red, falling 0.75% to 791.91 points.

Major Asian equities weakened as of 4:30 p.m. in Hong Kong, as investors were cautious ahead of Chinese inflation data scheduled for release later this week, with the risk of deflation still weighing on the worlds second-largest economy.

The Caixin China General Composite purchasing managers index (PMI) a measure of the performance of both the manufacturing and services sectors in China dropped to 52.5 in June from 55.6 the previous month. This marks the sixth consecutive month of expansion for Chinas private sector. However, the growth rate was the slowest since January.

Employment in China also returned to growth, as the service sector created more jobs following a drop in manufacturing payrolls, according to Trading Economics.

Japans Nikkei 225 slipped 0.25% and the Shenzhen Component Index fell 0.91%. Hong Kongs Hang Seng Index lost 1.57% and the Shanghai Composite decreased 0.69%.

U.S. stock futures also fell during Wednesday afternoon trading in Hong Kong, as investors were concerned that continued monetary tightening could lead the U.S. economy into a recession.

The S&P 500 futures index slipped 0.33%, the tech-heavy Nasdaq-100 futures weekend 0.48% and the Dow Jones Industrial Average futures fell 0.3%.

Investors now anticipate the release of the minutes of Junes Federal Open Market Committee meeting, scheduled for later today, for more clues on the central banks upcoming monetary decisions.

Markets are expecting another 25 basis point interest rate hike this month, as Fed Chair Jerome Powell said that more rate increases are needed to bring inflation to the target 2%.

See related article: EU publishes draft bill for digital euro and cash payments

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Bitcoin, Ether slip but remain above key price levels while altcoins struggle to find momentum - Yahoo Finance

Looking for No KYC exchanges?

If you are, you have come to the right place.

I am going to tell you about a few altcoin exchanges that allow you to trade without going through the KYC and AML check. Not only this, there are no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.

Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.

Tip: Its better to create a new email account using something like Protonmail, which does not track your activities and use a browser like Brave or use any no logs VPN to accessing these no KYC exchanges more privately.

Until then, we can use these services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.

MyCoinChange is one of the best cryptocurrency exchange, and mixers on the market that supports all popular Altcoins and let you use the platform anonymously. They have a strict no KYC and no logs policy, perfect for every user, anywhere. Its a centralized exchange which does not push you to complete the KYC or AML in order to use its services.

There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.

This exchange is registered in Sweden and outside the jurisdiction of the USA, China, or other countries that could ask for users data.

Use MyCoinChange with no KYC

Binance is one of the next best cryptocurrency exchanges that supports all popular Altcoins and lets you use the platform anonymously. You dont need to do KYC for basic usage.

For those looking for more than spot trading, you also get access to Margin and future trading on the same platform.

This exchange is registered in Malta and outside the jurisdiction of the USA, China, or other countries that could ask for users data.

Use Binance with no KYC

Bybit is a popular no KYC derivative exchange that supports USDT perpetual and Inverse perpetual contracts. You can trade BTC, ETH, XRP, EOS, and USDT coin. Check out my review of Bybit to learn more about how this no KYC exchange works.

Join Bybit

BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH, etc. It is a fully decentralized exchange which requires no name, email ID, or verification, so there is no question of KYC or AML.

Also, your privacy is secured because it uses Tor and doesnt hold fiat or bitcoins on their servers or in their account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. The trade volumes, however, are low.

The volume at the time of writing on this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.

Sign up at BitSquare

Bitmex is another centralized Altcoin exchange that doesnt require you to undergo AML and KYC for deposits and withdrawals.

Despite it being a predominantly BTC exchange, you will also find some altcoins like DASH, Cardano, Bitcoin Cash, Ethereum, Ethereum Classic, etc.

When you use the Bitmex exchange, you need not worry about liquidity because it has a humongous volume of over 126,000 BTC with a ranking in the top 10 on CMC.

Join Bitmex

I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline, which may put the centralized exchanges under pressure to get rid of the KYC requirements.

Also, having AML and KYC goes against the basic tenant of decentralized currencies, which is why we are witnessing the unprecedented development of decentralized infrastructure, which is putting privacy at the forefront.

Well, that is all from my side.

Now it is time to hear from you: If you know more altcoin and cryptocurrency services that dont require AML & KYC, share them with us in the comment section below.

More here:
5 Bitcoin and Altcoin Exchanges Without KYC & AML (2023) - Medium

We are in the early bull market.Nonetheless, most altcoins are still down around 90%. It seems to be the best time to identify and accumulate these altcoins that can give us an easy 30x return or even more.

I call them early gems. In this article, you will discover 3 very interesting altcoin gems that are ready to explode.

My first pick is Chainge Finance (CHNG). Currently, theres a limit to the number of what my team and I see as good projects. However, Chainge made the cut. So, what is Chainge all about? It offers:

All of this is on their mobile app. Currently, it has over 100k+ downloads on Google Play. Other features are in the making, for example:

The current price of the CHNG token is $0.0875. It has a market cap of $38.5 million. Theres a max supply of 814 million tokens and a total supply of 716 million. The circulating supply is 440 million. So, that looks good for starters. What I like about the token is that it is deflationary. They buy back tokens with 25% of their profits and burn them. During the last year, the token is up by 190%.

DJ Qian is the CEO. For example, he is also CEO of the FUSION chain foundation and co-founder of Anyswap. He and his team managed to get good tokenomics for this project. This project has an early gem written all over it. Thats why it is in this video. Now, lets move on to my second pick,

The Morpheus Network is a supply chain blockchain. It looks to automate and optimize supply chain operations. They also offer their services to governments. For example, Argentina. But also, big companies, like Coca-Cola, already use their service.

So, Morpheus makes logistics easier. Think, for example:

All this with the added feature that it is tamper-free. They use IPFS for this or the InterPlanetary File System. Theres also something that gives them a head start. They are compliance-focused. You only have to look at the current SEC situation in the US. Thats some good thinking and acting by Morpheus.

Here are some other features that Morpheus offers. For instance,

Their MNW token also has some good use cases:

At the time of writing this article, its price is $1.02. It has a market cap of $38.4 million. Theres a max and total supply of 47,897,218 tokens. There are already 37.5 million tokens in circulation. During the last year, this token is 199% up in value. And off we go to my last pick, Radiant Capital.

What we see in crypto, is a variety of money markets all over the DeFi space. Each has its own liquidity. The result is that all this liquidity is extremely fragmented. And guess what, thats where Radiant Capital comes to the rescue.

So, Radiant wants to be the first omnichain money market. In other words, you can deposit any asset on any chain. You can also borrow a variety of assets across various chains.

You can find their cross-chain interoperability on top of Layer Zero. Currently, you can connect their app to Arbitrum and the BNB chain. This makes the Stargate router their preferred interface. However, there are of course other bridging options available. For instance, Celer Bridge or Synapse Protocol.

So, heres a sample of how this works. Once youre ready to reclaim your collateral, you can decide which chain to withdraw from. Furthermore, you can set which percentage should go to each chain. Their recent V2 update has some exciting and revolutionary options. For example:

You can also lock your LP tokens and vote in the DAO.The current price of the RDNT token is $0.2675. Its market cap is $73.6 million, so thats looking good. There is a 1 billion max and total supply of RDNT tokens. However, only 275.3 million.A year ago, when the launched, it had a price of $0.16. So, theres plenty of potential.

So, are you already familiar with one of these three tokens? Maybe you hold one of them already? Let me know in the comments.

For more cryptocurrency news, check out theAltcoin BuzzYouTube channel.

Our popularAltcoin Buzz Accessgroup generates tons of alpha for our subscribers. And for a limited time, its Free. Click the link and join the conversation today.

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The Next 30X Early Altcoin Gems - Altcoin Buzz