Cryptocurrencies Price Prediction: Dogecoin, Binance Coin & Ripple – European Wrap 24 March


For 20% gains, should you be a Dogecoin buyer at this level?

Dogecoin price has shed non-stop since October 2022. Now, this downtrend has coiled enough for DOGE to consider a breakout. The move, if successful, could kick-start a rally to immediate hurdles.

Dogecoin price set up four distinctive swing lows since creating a local top at $0.159 in October 2022. The downtrend has ranged between the buying climax at $0.0946 and the selling climax at $0.707. 

Chart

Binance Coin price set to tank 12% as Chinese regulators probe Binance

Binance Coin (BNB) price is trading sharply lower this Friday as Chinese regulators have come out with harsh statements against Binance Coin and its KYC (Know Your Customer) rules. By law Chinese citizens are forbidden to hold crypto deposits since 2021, while experts in financial regulation have shared their concerns that Binance’s KYC and anti-money laundering efforts are easily thwarted. A regulatory crackdown by China could set the scene for multiple regulatory crackdowns in other parts of the world like the US and Europe.

Binance Coin price is already digesting the news that came out in early ASIA PAC trading. With price action already down over 2%, it has become clear that traders are on edge about what this could mean for the near term. A loss in trust in the Binance Exchange could spill over into BNB and batter the price action. A consolidation phase is being formed, and a bearish breakout looks granted.

Chart

How XRP whales are preparing for Ripple win against SEC

Ripple has garnered support from several experts and influencers on crypto Twitter in its legal battle with the US financial regulator, the Securities and Exchange Commission (SEC). Messari CEO Ryan Selkis expressed his support for the payment giant in a recent tweet. 

The recent XRP accumulation by large wallet investors has supported the bullish thesis for the altcoin. Based on data from crypto intelligence tracker Santiment, large wallet investors in the XRP network holding between 100,000 and 1 billion XRP tokens have been consistently accumulating the altcoin since March 7. 

XRP


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

MakerDAO whales sold over $9 million in tokens, MKR price takes a hit

MakerDAO whales sold over $9 million in tokens, MKR price takes a hit

MakerDAO whales sold over 3,000 MKR tokens in the past day. Maker supply on exchanges climbed between April 20 and Monday. MKR price declined by nearly 2% on Monday. 

More Maker News

XRP rallies past $0.50 as Ripple prepares for response to SEC requirement for $2 billion in penalty

XRP rallies past $0.50 as Ripple prepares for response to SEC requirement for $2 billion in penalty

Ripple prepares to file the opposition brief against the SEC on Monday. Ripple will respond to the SEC’s demand for $2 billion in fines requested in its remedies-related opening brief.

More Ripple News

Crypto AI token comeback likely after Apple's potential on-device LLM

Crypto AI token comeback likely after Apple's potential on-device LLM

Artificial Intelligence (AI) crypto tokens Render (RNDR), Bittensor Tao (TAO), The Graph (GRT), AIOZ Network (AIOZ), Golem (GLM), OriginTrail (TRAC) and RSS3 (RSS3) prices rally on Monday. 

More Cryptocurrencies News

Enjin Coin provides high-reward, low-risk buy-the-dip opportunity Premium

Enjin Coin provides high-reward, low-risk buy-the-dip opportunity

Enjin Coin (ENJ) price has been on a downtrend since the 2021 peak and shows signs of slowing down. The more than 50% crash noted in the past four weeks suggests a potential buy-the-dip opportunity. 

More Cryptocurrencies News

Bitcoin: BTC post-halving rally could be partially priced in Premium

Bitcoin: BTC post-halving rally could be partially priced in

Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days? 

Read full analysis

BTC

ETH

XRP