XRP Holders Makes Mass Exodus After Negative Comments, ScapesMania Climbs
Latest report has it that ScapesMania is attracting a lot of interest and capital after closing a successful presale that raised over $5.4 million. XRP is struggling with a large holder exodus, a development that was associated to the recent news of a breach. Once a major player in the cryptocurrency market, XRP has had several unfavorable incidents and difficulties with regulations.
XRP holders are feeling anxious and uneasy due to recent legal disputes with the U.S. Securities and Exchange Commission (SEC). Due to the unfavorable coverage of these legal concerns, investors have left in significant numbers, which has decreased the token’s value and market capitalization.
Due to the uncertainty created by regulatory problems, holders have fled to other digital assets they believe to be less hazardous. Because of this unfavorable perception, XRP is operating in a challenging environment, as evidenced by the considerable decline in the token’s market value.
ScapesMania’s Success Attributed to its Affliction to the Gaming Industry
The success of ScapesMania is ascribed to its creative strategy and affiliation with the rapidly expanding gaming sector. ScapesMania, a $376 billion gaming market participant, has positioned itself to take advantage of the sector’s growing prospects.
Due to the project’s distinct value proposition and strategic fit with a growing market, investor interest has increased dramatically during the presale. ScapesMania is positioned to take advantage of a profitable market as the gaming industry continues to grow, giving investors a chance to contribute to expanding the cryptocurrency.
However, as of press time, the XRP trades at $0.506340 and has been sold for $824,297,014 in the last 24 hours, decreasing by 0.52%. The market capitalization as of press time is $27,563,207,752, a 52.03% decrease as at press time.
ScapesMania Explained, As Whale’s Investment Continues to Grow
After the launch, ScapesMania investors should expect increased liquidity and simpler trading. In addition to displaying investor confidence, the successful presale laid a strong basis for the token’s liquidity, increasing traders’ interest in it.
Its strategic positioning inside the gaming industry further enhances the project’s potential for broad adoption and commercial awareness. ScapesMania has been described as an independent cryptocurrency asset with impressive utility features; hence, it only needs some hype to get in the trend.
It has been defined as well-balanced and meticulously developed to fit perfectly into the $376 billion gaming space. Traders anxious about the full launch of ScapesMania expect easy and liquid trading. As of press time, the number of followers on social media platforms has increased to over 60,000. There has also been a reasonable Whale interest, which has been rising since its inception.
Whales have invested over $20,000 while transitioning from niche-based to mainstream. Major globally acclaimed security companies have formerly approved the smart contract system from ScapesMania’s smart contract; thus, it has been certified safe for use. The company has also announced receiving a grant from a foremost blockchain industry pioneer (whose really identity is yet unknown).
Expert Analysis Says the Recovery of XRP Depends on Bitcoin’s Price Performance
XRP, last week, recalled that the recent breach in its co-founder’s wallet, which amounts to a loss of 213 million XRP tokens, valued at $112.5 million, caused the rapid decline in the price of XRP. According to the original reporter, ZachXBT, the attackers made away with the assets that they’d laundered via different cryptocurrency exchanges.
Chris Larsen, the Ripple co-founder, says that the laundered assets were his personal Ripple (XRP), stored in a private wallet account, and not the company’s wallet as earlier assumed. The price of XRP had started to drop when the news of the breach was released.
Analysis from Crypto Daily suggests that XRP’s recovery will depend on BTC’s market performance. It further said that the price of XRP may rise to $0.52 should the price of BTC hit $43,500. But when the BTC is stagnant, XRP may be forced to lazy around the $0.50 price support level.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
