Crypto Whales Lose Faith in XRP Price Due to SEC Struggle, Move to WallitIQ (WLTQ) for 6,000% Gain on Shiba Inu.
Gregory Pudovsky
Posted: Nov 1, 2024, 5:00 PM Updated: Nov 1, 2024, 1:23 PM
Sluggish XRP price action due to Ripple’s ongoing battle with the SEC has left cryptocurrency whales wary. These cryptocurrency whales are noticeably moving towards WallitIQ (WLTQ) in XRP price due to its potential to deliver 6,000% returns compared to Shiba Inu (SHIB).
Why Wallit (WLTQ) Can Deliver 6,000% Returns for Crypto Whales
There is a growing demand for effective cryptocurrency wallets, especially among cryptocurrency whales. Wallit (WLTQ) provides a decentralized cryptocurrency wallet that uses AI and machine learning algorithms to solve key challenges of traditional wallets.
WallitIQ (WLTQ) wallets are protected by intelligent security measures: Escrow Connection AI-Einstein intercepts connections between external dApps and user wallets and performs thorough security analysis.
The wallet also includes advanced features. Anomaly detection and behavioral analysis. here, AI creates behavioral profiles for each user and triggers alerts when behavioral anomalies occur, detecting potential security breaches before they occur.
WallitIQ (WLTQ) also helps cryptocurrency whales make informed investment decisions through AI-based cryptocurrency education and portfolio management. The wallet’s AI analyzes users’ portfolios and market data to identify strengths, weaknesses, and potential paths to increased returns.
Crypto whales and investors can increase their cryptocurrency knowledge with WallitIQ’s AI, which curates educational content to suit all experience levels and investment goals. As many financial processes move to DeFi, WallitIQ (WLTQ) Physical 2 Digital (P2D) It is a technology that allows users to digitize essential items such as passports, driver’s licenses, and ID cards and store them in a decentralized wallet.
Despite being in the first phase of pre-sale, WallitIQ (WLTQ) has already been listed on CoinMarketCap and the integrity of its smart contracts has been verified through SolidProof analysis. Phase 1 is almost 50% complete and WLTQ tokens will be sold at the following prices: $0.0171 A return of over 405% is expected upon launch.
With its pioneering technology, low market cap, growing investor community, and relatively low entry price, WallitIQ (WLTQ) could deliver 6,000% returns for cryptocurrency whales.
Crypto Whales Lose Faith in XRP Price Amid SEC Struggle
According to James K. Filan, the SEC filed a petition on October 24 to extend the deadline for filing the appellate brief until January 15, 2025, after missing the court’s deadline for filing the appellate brief. A potential delay in the SEC petition has put a halt to any hopes of a short-term recovery in the XRP price.
Over the past month, the price of XRP has fallen more than 15%, trading at $0.5255 at the time of writing. XRP price also remained in a limited range in October, failing to break the $0.55 resistance several times. The bearish XRP price action and the SEC’s fight have created a big move among cryptocurrency whales.
Crypto whales, which hold between 10 million and 1 billion XRP tokens, have sold 700 million XRP worth about $357 million since October 19, according to data from Santiment. These massive liquidations reduced the cryptocurrency whale’s XRP holdings to 15.78 billion tokens, the lowest level since early August.
Shiba Inu (SHIB) price forecast
Looking at the daily chart, we see that the Shiba Inu (SHIB) price has been rising within an upward parallel channel since August. Shiba Inu (SHIB) triggered a downtrend on September 27th when it was rejected by a resistance trend line. While Shiba Inu (SHIB) briefly bounced from the channel midline, it formed a lower high on October 19th, confirming the key resistance level of $0.0000195.
The relative strength index (RSI) of Shiba Inu (SHIB) is about to fall below 50, and the moving average convergence/divergence (MACD) has turned downward. If Shiba Inu (SHIB) has indeed entered wave C, the price could fall to around $0.0000144 before finding support that could potentially set the stage for a new uptrend.
conclusion
Crypto whales and investors who have lost faith in the price of XRP amid the SEC fight may consider moving to WallitIQ (WLTQ) for a potentially 6,000% gain over Shiba Inu (SHIB).
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About the author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With extensive experience in the financial industry, his insights and expertise have been recognized in numerous publications. Making good use of his free time, Gregory is currently focusing on writing books on cryptocurrency and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With extensive experience in the financial industry, his insights and expertise have been recognized in numerous publications. Making good use of his free time, Gregory is currently focusing on writing books on cryptocurrency and blockchain.