XRP2.0 Price Drops Close to Zero as Coin Fails To Ride The XRP Surge. End of the 2.0 Era?

Updated: 25 July 2023

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XRP2.0 was down by 83.39% during the past seven days.

At 6:30AM EST today, July 25, the asset’s market value plunged further by 80.63%. With XRP2.0 price at $0.00004423, the potential for significant dips in the coming days is likely.

The Price Trend of XRP.20?

Assessing XRP2.0’s market performance is crucial, considering its remarkable short-term gain of 31,000% since its mid-July launch.

The coin’s 24-hour trading volume has plummeted by 85.58% to $63K, indicating a potential further drop in its value.

Will XRP2.0 Become Stable?

XRP2.0’s market value shows a slight hourly price gain amid trading between crucial moving averages. The MACD indicator suggests weakening bearish momentum, and a small green candlestick signals an increase in BUY trades.

The neutral zone RSI suggests a potential price gain in the upcoming hours.

Factors That Could Affect XRP2.0 Price

Market sentiment plays a significant role in XRP2’s rally as positive reactions to favorable news events or developments can trigger price growth.

Ripple Labs’ partial victory against the SEC’s lawsuit on July 13 positively impacted the crypto market, leading to price surges in various assets.

Alarming news and updates can trigger fear and attract price loss, as seen with the suspension of XRP2.0’s Twitter account, @Xrp2_io, by the leading social media network, Twitter, for violating its rules.

Effective communication and accessibility to XRP2.0’s team are crucial for crypto enthusiasts, traders, and investors to maintain confidence. If there are communication issues or limited access, it could lead to doubts, reduced trading activities, and lower token demand, potentially causing a dip in XRP2’s price.

Burn Kenny Might Be Ideal Substitute for XRP2.0

Burn Kenny is a meme-driven project that creates a unique means of income for meme lovers and crypto enthusiasts.

As a project originating from the popular Kenny McCormick character of South Park, Burn Kenny intends to build a community of South Park lovers driven by comedy, memes, humor, and entertainment.

Unlike other meme-powered crypto tokens, Burn Kenny initiates a burn mechanism that wipes off 30% of its 6.66 billion token supply three days after hitting the first decentralized exchange.

Besides encouraging memes and entertainment, the project intends to build a lively community of traders in the meme crypto space.

All activities and transactions performed in the Burn Kenny community will be powered by its native token, $KENNY.

Burn Kenny Features

Burn Kenny is Ethereum-built and comes with a unique technique for retaining the value of its token. Check out its features.

Long-Term Liquidity Lock

Burn Kenny comes with a liquidity lock that will last for 30 days, where 40% of the 6.66 billion $KENNY tokens will be allocated to the liquidity pool. The main aim of this technique is to cross out the possibilities of rug pulls while driving price stability and value retention for the tokens.

Ethereum-built Token

Burn Kenny’s native token, $KENNY, is based on the Ethereum network, entitling it to massive liquidity, stability, and surging trading volume in the future. Also, the token will be tradable with several pairs on decentralized exchanges like DEXTools.

Supportive Community

As a project originating from a popular comedy series, Burn Kenny has gained attention from cartoon-show lovers, memers, and crypto enthusiasts with massive support. Also, Burn Kenny’s community comprises popular crypto YouTubers and influencers with positive outlooks on the project’s performance in the future.

$KENNY Presale

The presale for Burn Kenny’s token, $KENNY, has concluded with $500K raised in the short term. This shows high support from the project’s community.

$KENNY is now available for claiming, buying, and trading. All early investors can now claim their tokens and commence trading on DEXTools and Uniswap.

How to Claim Burn Kenny

Navigate to the project’s official website and select “Claim Now.”
Select “Connect Wallet” and click on “Wallet Connect.”
If you have a Wallet Connect account and mobile app, simply scan the bar code to connect.
For desktop users, you can choose Fireblocks, Ledger, or Zerion or click “View All” to see other available wallet options.
Complete wallet linking and proceed to claim your tokens.
Once thriving, you’ll have the amount of $KENNY you purchase in your wallet.

How to Buy $KENNY

Follow the same steps above to connect your crypto wallet.
Select “DEXTools” or “Buy” to continue.
On DEXTools, click “Swap” and enter the amount of ETH you want to pay for $KENNY.
On Uniswap, input how much ETH you want to swap for Burn Kenny and proceed.
Follow on-screen instructions to complete the transaction and receive your $KENNY tokens.