XRP Volatility Sees Smart Money Rotate Into Promising Token as ICO Sees $10.9M Inflows
Following Bitcoin’s (BTC) dip from its March high of $94,439 to today’s low of $76,808, most altcoins are experiencing a downturn. The broader crypto market cap reached $2.51 amidst the massive dip earlier today, a level it hasn’t visited since November 2024.
Although Bitcoin’s dip saw XRP drop to $1.92, the altcoin recovered by quickly climbing to $2.13, although it’s still down 3.48% over the past 24 hours. While established tokens struggle to make gains today, Best Wallet Token (BEST) is enjoying increasing attention during its presale as investors are drawn by its unique utility and early presale success.
BEST is currently just $66,000 away from surpassing $11 million raised, making it one of the most hyped presales today. With its position at the forefront of Best Wallet, the fastest growing Web3 non-custodial wallet, BEST token stands a solid chance to explode on launch, making its presale phase an excellent opportunity to start accumulating the token.
XRP Faces a Decline Despite a Major XRPL Update – What’s Next?
With a market cap of $123 billion, XRP is the fourth-largest cryptocurrency, and its price is currently plagued by uncertainty as it fluctuates around the $2 critical support level.
Although the token outperformed most leading altcoins over the past week, it is still down 9.70% over the past seven days. While XRP often saw its price increase following major updates to XRPL, the 2.4.0 update on March 7th saw the altcoin’s market cap drop from $150 billion to $139 billion, as market-wide bearish sentiment overshadowed positive technological developments.
XRPL’s latest update brought DynamicNFT (XLS-46) to the network, allowing its users to mint mutable NFTs, which could attract a new audience to XRPL and boost the adoption of XRP, often a bullish signal for the token.
However, as with previous updates, the changes must receive 80% validator approval over two weeks before they’re adopted, which fuels bullish sentiment among investors regarding XRP’s short-term potential.
Technical analyst Ali Martinez has spotted a head-and-shoulders pattern in XRP’s charts, pointing to the token’s explosive potential if it manages to break above the $3 mark. With its price above its 200-day Simple Moving Average (SMA) of $1.59 and just 28.71% of traders shorting the token, XRP stands a solid chance of reversing the negative trend.
Source: Ali’s X
If XRP breaks above the $3 level, Ali Martinez believes it could soar beyond $4.8. On the other hand, the analyst expressed concern about XRP’s potential downtrend continuation if it fails to invalidate the bearish pattern. He believes XRP could revisit the $1.2 level if it doesn’t hold support above $2.
As high volatility in the market induces fear in investors, with the Fear and Greed Index currently at 15/100, more strategic investments are taking priority, so it’s no surprise that Best Wallet Token isn’t losing momentum despite the market-wide downturn.
Investors Rush to Take Advantage of the Promising Token Presale’s Generous Staking Rewards and Airdrops
Best Wallet is already the first choice of more than 250,000 monthly users as it leverages robust security, user-friendly apps, and advanced features to achieve its goal of capturing 40% of the crypto wallet market by 2026.
The wallet is now preparing to release its native token, BEST Token, which is seeing impressive early adoption thanks to the unique benefits it offers to Best Wallet’s users.
Holding the token will enhance Best Wallet’s existing and upcoming features by ensuring lower transaction fees with its Best DEX feature and higher staking rewards via its upcoming staking aggregator. Additionally, it will offer numerous bonuses across iGaming platforms Best Wallet partners with.
BEST will also unlock unique benefits for those using the wallet’s most popular feature, Upcoming Tokens, which displays vetted presales and makes them accessible directly via its apps. Holding BEST will grant investors early access to other presales, giving them an edge over the general public.
Highlighting the project’s staking APY of 145%, meme coin analyst Austin Hilton believes Best Wallet Token is the “best crypto coin project” today. Additionally, the project’s smart contract has been audited by Coinsult, which found no critical threats to investor security.
He advises his audience to start adding it to their portfolios while its price is low, as its current per-token price of $0.0243 will only increase as more funds pour into the project.
Plus, the project has an active airdrop campaign that rewards investors with airdrop points that will later be converted into BEST. To become eligible for the rewards, investors simply need to connect to and interact with the project’s X (Twitter), Telegram, Discord, and other channels.
Although the crypto market is as volatile as ever, BEST’s early momentum and position in the center of the rapidly expanding Best Wallet ecosystem could see its price explode on launch, making this the best time to purchase the token.
