Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Something Big Starting For XRP and RLUSD On January 1, 2025? Uphold Just Sparked Reactions

Uphold, a well-known crypto trading platform, recently announced a significant development involving RLUSD, Ripple’s USD-backed stablecoin, set to commence on January 1, 2025. Uphold’s official X account posted “1.1.25, RLUSD,” captioning Ripple’s logo. This cryptic post has generated considerable interest across the cryptocurrency community, with many wondering what the exchange has planned for the New Year, RLUSD, and XRP. The RLUSD Stablecoin RLUSD, approved by the New York Department of Financial Services (NYDFS), is designed with trust and transparency at its core. The stablecoin is backed 1:1 by U.S. Dollar reserves and cash equivalents, with monthly audits conducted by third-party firms. Built on enterprise-grade security protocols and subjected to rigorous independent audits, RLUSD aims to provide a secure and regulated alternative in the stablecoin market. The stablecoin brings many advantages to the XRP ecosystem, and could significantly benefit XRP. What Is Uphold Planning for RLUSD? Uphold was one of the initial launch partners for RLUSD, and in January, the stablecoin will become a key feature of its Rewards Center program. With this integration, Uphold users can earn rewards for buying and holding RLUSD. Current users who have unlocked all three levels of the Rewards Center will receive exclusive 24-hour early access to RLUSD before its official rollout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Rewards Center is designed to engage users through monthly activities, including app visits, asset deposits, and trading. Once RLUSD is incorporated, users will unlock benefits such as 5% rewards on RLUSD holdings, early access to new tokens, and access to exclusive crypto market insights. This initiative marks a major step forward for RLUSD, positioning it as a contender in the competitive stablecoin landscape. XRP Community Excitement Community responses highlight the excitement surrounding RLUSD’s potential. One commenter on X predicted that RLUSD will take over from USDT and become the new stablecoin standard. Another noted the anticipated benefits of the Rewards Center, stating, “Earn 5% on RLUSD starting January 1, 2025. Uphold isn’t just a digital asset broker. They’re a neobank! Why be anywhere else?” The move also comes at a time of growing scrutiny of stablecoins like Tether (USDT). This stablecoin has faced questions regarding its reserve transparency with some experts suggesting USDT has created a bubble that threatens the stability of Bitcoin and Ethereum. RLUSD’s regulatory compliance and frequent audits could make it a strong competitor in the market. Also, USDT’s downfall could allow XRP to surpass BTC and ETH and take control of the market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Something Big Starting For XRP and RLUSD On January 1, 2025? Uphold Just Sparked Reactions appeared first on Times Tabloid . CryptoIntelligence

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Dogecoin Price Could Soar To $23 Based On These Bullish Fractals

The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014. This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal. With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point. Dogecoin Price At A Glance As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion. Featured image from iStock, chart from TradingView CryptoIntelligence