XRP was victim to a long, harsh winter in 2022. In 2023, it is back on track with a new vigor. In fact, the token has climbed 35.1% in the last thirty days to hit $0.514649. If the new-found energy is any sign, $1 is not a long shot for XRP this month, as it taps into the positive developments in the SEC lawsuit.
XRP has climbed 35.1% over the last 30 days
Although XRP stepped into red in March, it put forward an excellent performance moving into the second half of the month. As predicted, it has managed to retain momentum this month as well. After hitting this year’s high of $0.57 on 29th March, the token has been bouncing between $0.54 and $0.5 over the last few days without any significant downward pull. The resistance at $0.53 has also been hard to break.
But that won’t be the case as the market gains strength in the coming days. As investors gain confidence in the project’s road ahead, most prominently regarding the SEC-Ripple lawsuit, XRP will be one of the top coins to benefit from the next bull run. Currently, the coin is trading at $0.51 with a market cap of $26,541,495,978. It is the world’s 6th largest cryptocurrency in terms of market cap.
XRP is NOT security – debate picks up the steam
Many industry experts have come forward with optimistic predictions for XRP. For example, John Deaton, a leading attorney closely monitoring the U.S. SEC’s lawsuit against Ripple, believes that XRP and ETH are not securities. He is the founder of CryptoLaw, a platform dedicated to U.S. legal and regulatory developments for digital asset holders.
The legal term “investment contract” and the Howey Test have been misunderstood in the case of these assets. According to the Securities Act of 1933, the term security does not explicitly list digital assets or software code.
It is defined as “any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument”.
Howey Test does not deem a digital asset or cryptocurrency (software code) as a security. As a result, XRP, and ETH are not securities since they are digital codes. In addition, the secondary sale of an investment contract has never been treated as a security in US history. Despite Ripple selling XRP as a security between 2013 and 2018, it doesn’t come under the definition. Many crypto experts came backing the argument, including Coinbase Chief Legal Officer Paul Grewal.
As the discussion gained momentum and went viral across crypto communities, #RelistXRP started trending on Twitter.
XRP is eyeing big gains this year
The strengthening speculations around Ripple’s potential legal win against the U.S. Securities and Exchange Commission has renewed the bullish sentiment for XRP. It will be aided by the bullish momentum in the crypto market that continues. For example, BTC has gained 8.8% in the last thirty days to touch $29,848. ETH, on the other hand, has crossed the $2000 mark with a 16.2% rally on the fortnight chart.
Another shift that helps the XRP price is the waning confidence in the global economy, which is driving a new wave of investors to the crypto market.
The aftereffects of the hollow economic policies implemented over the last few years are taking a toll on the economy now. With the rising inflation, liquidity crisis, and supply shortage grip, investors are coming to the growing realization that decentralized assets have a more promising future. Developed countries like the US and UK are not an exception. As a result, they have found alternatives to stock, commodity, and real estate investments in the crypto market.
The economic depression slowed down the crypto market’s retaliation in the first quarter. But the market will benefit from it this quarter, and more coins will reverse the losses made in the long winter of 2022. It is only a matter of time before XRP breaks past $0.6 and resumes its journey to $1, despite the minor ups and downs.
Is XRP a good investment in April?
Yes, XRP is an excellent investment in April. To begin with, the underlying project Ripple has massive growth potential this year. XRP ledger is one of the most promising blockchain networks with a large scope for mass adoption.
The low transaction fee of the network is also an added advantage. Another thing to note is that XRP has a long way to go. It recorded its all-time high of $3.8419 on Jan 04, 2018, five years ago. The current price of $0.51 is 86.63% percent lower than the all-time high. So, XRP has a large room for growth, although it may not reverse all the losses this year. But a rise to $1 is attainable, capitalizing on the positive discussions surrounding the token.
That is not to say XRP is the only good investment this month, or the best. There are better opportunities you can take advantage of. Love Hate Inu, in particular, is a cryptocurrency that the market is looking forward to. The meme coin has crossed the $4.4M mark within days of going live, strengthening the prediction that it’s the next 20X crypto.
The next big meme coin is in the offing
Love Hate Inu is the latest crypto meme coin to capture the industry’s attention. The meme coin mania is getting stronger by the day, as investors pile in on the LHINU presale to take advantage of the early-stage discounts.
Love Hate Inu’s appeal lies in its real-world use case. While most meme coins capitalize on the hype that comes with their tag, Love Hate Inu chooses to think beyond. In other words, it uses the meme coin tag to draw attention to its vote-to-earn platform that will be a game changer in the online survey market.
As you know, brands, businesses, and organizations are on the hunt for new tools to get tangible data about customer behaviour, interests, and spending patterns. They have found an interesting answer in online surveys, which are not just sources of information, but also excellent tools for engagement.
In fact, they can procure data more easily as they are fun and tangible. So it comes as no surprise that the global online survey software market is projected to explode from $2.79 billion in 2022 to $3.2 billion in 2023 at a CAGR of 14.6%. And by 2027, it will grow to a $5.69 billion market at a CAGR of 15.5%. But the problem lies in the inherent limitations of Web 2.0.
To begin with, traditional online survey platforms are not transparent. They don’t guarantee privacy to participants. Popular platforms like Facebook are known for misusing user data as a commodity. In addition, they give nothing of value to participants in return for the time they spend on these polls.
This is where Love Hate Inu steps in. The vote-to-earn platform, as the name implies, is a secure and transparent platform for voting on issues that matter.
A crypto staking mechanism sets apart Love Hate Inu
Love Hate Inu features a staking mechanism secured by smart contracts. It goes a long way in preventing spam and manipulation, making the voting process both verifiable and anonymous. This is how it works:
- The team lists polls of interest on the platform. (The privilege will be handed over to the community in the coming stages.)
- You can participate in the poll and express your opinion by staking LHINU. Stand for it? Vote LOVE. Stand against it? Vote HATE. It’s as simple as that.
- In exchange for your opinion, you will be rewarded in LHINU tokens, which you can hold for long-term returns, sell in the open market for cash flow, or use inside the platform. For example, you would need LHINU to create custom polls and earn rewards.
To verify the accuracy and authenticity of the poll, results, or even reward distribution, all you need to do is check the blockchain. All transactions are for anyone to see and verify. This is interesting, because most traditional platforms lack this feature. In fact, they have limited scope in terms of transparency and decentralization. That underscores the market relevance of Love Hate Inu in the fast-growing online survey market. The project will have a strong edge, owing to its blockchain makeup. The decentralized nature of the platform’s operations is also worth noting.
You will be able to create polls, view your rewards, follow the latest trending votes, and more from the Love Hate Inu Dashboard.
Love Hate Inu is a community-first meme coin
As discussed above, the community will take over the responsibility (or privilege) of listing the polls in the coming stages. But that’s not the only reason why Love Hate Inu is called a community-first vote-to-earn ecosystem.
Another striking community-centred feature is the public presale supply of LHINU tokens. 90% of the total supply will be sold in presale. It was strategically allocated so that the community held the majority of the tokens. Yes, it pleases the community. But there is more. It ensures that the token is not a victim to the whims of the team or VCs. But don’t worry. There is plenty for everything else, with the remaining 10% reserved for liquidity, listing fees, and community rewards.
All of these features make Love Hate Inu one of the most loved projects of this year, as the meteoric LHINU presale shows. The key highlight is the no-nonsense mechanics.
Love Hate Inu CEO is eyeing 10X rise on launch
According to CEO Carl Dawkins, Love Hate Inu is aiming for a 10X explosion upon token launch. Carl Dawkins is known for his role as the head of growth for Tamadoge, one of the hottest meme coins of 2023. From an early presale price of $0.01, it climbed to an all-time high of $0.194446 within days of going live. LHINU will replicate the meme coin rally upon its launch, if the fast-moving presale is any sign. The meme coin broke past the $4M milestone recently.
“Love Hate Inu has a serious side to it – trying to bring legitimacy to online voting through applying Web3, after seeing so many bots used on Twitter, etc – while also having the playful side of it being an Inu coin and the community engagement that comes with that,” says Dawkins.
Similar to Tamadoge, Love Hate Inu makes use of a utility-rich ecosystem that allies with the market’s new spirit. If Tamadoge marked itself off with an ambitious roadmap embedded in the gaming industry, Love Hate Inu will be a game-changer in the fertile online survey market.
Join the ‘fairest’ crypto presale of 2023
While presale tokens are known for their exceptional growth potential, they come with risks if you’re not careful. New projects have yet to prove their credibility and competence. But Love Hate Inu gives no reasons for apprehensions as yet. With meme coin legends like Carl Dawkins steering the project, it is predicted to be a large success.
Another factor that adds to the appeal of the presale is the no-vesting criteria. That essentially means you get 100% of your purchase before the token’s public listing. The token also has an ambitious roadmap that will sustain its long-term value this year and beyond.
If you’re planning to buy Love Hate Inu, it’s best not to wait. The token is heading for an early sell-out and once it lists on crypto exchanges, it is predicted to go on steep price rallies. The earlier you buy, the higher the presale discount.
