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MANTRA ($OM) faces consolidation, with price hovering between $7.40 and $7.50. ONDO ($ONDO) shows weak volume, with $1.24 as key support amid downward pressure. Maker ($MKR) struggles with bearish sentiment, testing support near $974-$975.
Ripple (XRP) leads the poll with 44.7%, showcasing growing confidence in its long-term tech. XRP’s bullish pattern signals a possible price surge, but confirmation needed above $3.40. XRP Ledger’s NFT update simplifies transactions, enhancing user experience and reducing costs.
Quick Take Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 worth of Solana buying a random LIBRA token, not the one grabbing headlines in recent days. The LIBRA token Portnoy purchased, which has a different contract address than the memecoin famously linked to Argentinian President Javier Milei, shot up in price after the memecoin trader bought it. Portnoy could lose more than half of what he paid for the illiquid token if he liquidates his position.
Quick Take Standard Chartered, Animoca Brands and HKT have teamed up to issue a Hong Kong dollar-backed stablecoin. The initiative comes as Hong Kong prepares to pass a bill regulating stablecoins.
About 500 ETH ($1.37 million) was sent to the Ethereum burn address. An accompanying cryptic message accused Kuande Investment executives of misconduct. The same address previously made significant donations to WikiLeaks and a Ukraine donation address.
SOL is predicted to soar to as much as $1,000 in the near future. XRP and ETH have also formed technically bullish setups in their price action. ADA is also forecasted to claim $1 as the broader market remains sluggish.
