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The XRP price plunged 3% in the last 24 hours to trade at $0.5755 as of 03:39 a.m. EST on trading volume that surged 34% to $1 billion.
This comes as Ripple aims to add Ethereum-compatible smart contracts to its XRP Ledger. The Smart contracts will also play an important role in expanding its overall functionality to support more elaborate applications like decentralized exchanges.
As a result, there may be vital implications for the XRP token, as its overall fundamentals will increase. Could this also have an impact on the XRP price?
XRP Price Bound For A Bullish Trend Reversal
For much of August, the token has struggled along with the cryptocurrency market. Since August 24, the XRP price has been on a downtrend, trading within the falling channel pattern, according to data from GeckoTerminal.
The downtrend has resulted in the price of XRP falling back below both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the slight bearish stance.
Moreover, the Relative Strength Index (RSI) falls below the neutral line, showing that ETH is under some selling pressure.
If the selling pressure continues and the RSI drops to the oversold region, the price of Ethereum could plunge further back to the $0.50 support region in the short term.
However, long-term holders may want to position themselves, as the XRP price may use the indicators to stage a rebound, potentially soaring to the $0.6322 target.
As the XRP price bulls search for more buying signals, other investors are shifting to Mega Dice ($DICE), a promising GambleFi project on Solana.
99Bitcoins, a popular crypto channel on YouTube with over 706,000 subscribers, says that $DICE could potentially soar 100X after its launch.
Mega Dice Amasses Over $1.77 Million In Presale – Next 100X Crypto?
Mega Dice has now raised over $1.77 million in its ICO as investors continue to support this established name in the online betting world. GameFi enthusiasts are acutely aware of the multi-billion dollar opportunity the sector represents for technologically agile outfits like Mega Dice.
Mega Dice is now providing its last chance to buy after its last price increase yesterday.
Mega Dice tokens will continue in presale for two weeks after the final price stage yesterday, followed shortly thereafter by the token’s listing on decentralized exchanges (DEXs).
WARNING: Time's Almost Up to Grab $DICE at the Lowest Price! 🚨
The $DICE presale is about to close its doors, with the last price increase happening this Tuesday! This is your absolute final chance to get in on the best #GameFi token on #Solana before the price skyrockets! ⏳… pic.twitter.com/vzF1t77DsA
— Mega Dice Casino (@megadice) August 30, 2024
The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players and exceeding $50 million in monthly wagering. Players enjoy over 4,000 casino games and 50 sports and eSports betting options.
Token holders can also share in the casino’s profits daily through its unique staking system.
To join the presale, you can buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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