XRP price continues to struggle, but presale of AI token yPredict hits $2.5 million

XRP price continues to struggle, but presale of AI token yPredict hits $2.5 million

Major cryptocurrencies offer mixed returns as the crypto market continues to trend towards extreme bearishness amid poor macroeconomic conditions. While Bitcoin has risen over 3% in the past week, XRP has corrected over 9% in the same period.

With Ripple's lawsuit against the SEC expected to gain more clarity in the coming months, XRP investors believe the token can show strong price action with a positive outcome.

However, given the uncertainty over the outcome of the court case and general concerns in the market, investors are also eyeing other tokens that could be subject to lower volatility. One such token is yPredict, which is showing bullish momentum with over $2.5 million raised in the presale.

XRP price crashes despite crypto recovery, when will it bounce back?

Much to the chagrin of Ripple supporters, the XRP token remains bearish on the weekly time frame despite the Hinman documents being unsealed last week.

The token has fallen nearly 9% over the past week and is currently trading at $0.48 after reaching as high as $0.56 on June 13.

Following the SEC's lawsuit against Binance and Coinbase for illegally operating and selling unregistered securities, XRP has become one of the most important tokens in the crypto market. Ripple was one of the first companies to be sued by the SEC as the top regulator classified XRP as an unregistered security.

Ripple CEO Brad Garlinghouse recently spoke out strongly against the SEC. In a video posted to his Twitter account, Garlinghouse accused the financial regulator of acting in bad faith - he clarified that the SEC never told him that XRP was a security, even after several meetings.

Even Charles Hoskinson, the founder of the Cardano blockchain, expressed his desire to improve things with the Ripple community. Hoskinson previously disagreed with the community, calling it toxic and petty. However, given the regulatory pressure on Cardano, Hoskinson takes a different view.

XRP lawyer John Deaton recently stated that the odds of a complete Ripple victory are much higher than a complete SEC victory, and a potential XRP victory is significant for the market as it may trigger a bull run itself.

William Hinman’s documents were unsealed last week and immediately caused XRP to rise to $0.56. The documents are a key part of Ripple's defense, as the former SEC chief and senior executive at the regulator described them as not securities in various documents ahead of a speech in 2018.

Although the price has now fallen below $0.50, Tradercobb.com's Craig Cobb believes that XRP can reach $1 in the event of a possible gain - but in the event of a loss, the token could correct to $0.24.

The token’s technical analysis shows that its price is currently on a knife edge. TradingView gives XRP a neutral signal on the weekly time frame, which improves to a buy signal when the moving averages are taken into account.

Investors would hope that the token breaks the exponential moving average (200) at $0.49 to experience an uptrend.

Which tokens can outperform the bear market?

As the price of XRP remains in the doldrums, investors are looking for alternative projects that can outperform the prevailing downtrend.

Experts believe that tokens with high utility and real value will be the frontrunners, while projects with strong community support can also see explosive price movements.

An example of this is yPredict, which is currently available for pre-sale. Let’s take a look at how yPredict meets these criteria and why it makes a good alternative to XRP.

Revolutionary AI analytics platform yPredict raises $2.5 million in presales

The yPredict token has been one of the most consistent performers in the crypto bear market since its presale began.

As market volatility continues to fluctuate widely, retail traders are supporting the yPredict platform due to its wide range of trading tools and AI-based predictive trading.

The YPRED token has now raised almost $2.5 million and is on track to reach the targeted $2.9 million that will trigger a price surge.

The all-in-one platform offers tools for traders of all experience levels – all YPRED holders are entitled to free access to the Predictions platform. It consists of accurate price prediction models for thousands of crypto assets and securities.

Likewise, yPredict Analytics provides traders with high-quality market insights through pattern recognition alerts, transaction data analysis and sentiment analysis.

There are three membership levels available (Free, Active, Pro), with YPRED used to pay for these membership levels and each level providing access to different levels of features and tools - pro traders can use the sophisticated terminal trading engine to execute their trades at a rapid pace.

Due to its incredibly powerful products, the yPredict ecosystem already has over 20,000 users on its waiting list.

Additionally, the YPRED token has one of the most lucrative tokenomics of any project currently in presale. Aside from the deep discounts on various yPredict services, holders can earn a quarterly staking bonus of up to 45%.

The token is currently in the sixth of eight phases of its presale and is currently priced at $0.09. However, the price will soon rise by 33.3% to the list price of $0.12, leaving investors with limited opportunities to benefit from the early presale price.

YPRED tokens can be purchased with a bank card or by exchanging ETH, USDT or MATIC tokens.

Visit yPredict Presale