Outlook Spotlight

Ripple (XRP) Price Dips 12% After Recent Rally, Is $1 Price Still Possible This Year?

Can Ripple (XRP) get to $1 before the end of 2023? This article provides clear insights on whether the $1 price target is still attainable before the end of the year.

Advertisement

Cryptocurrency
info_icon

Ripple’s victory over the SEC is a laudable achievement and a remarkable landmark in their history. This has caused the price of the token to skyrocket by a whopping 100% in the past few days. However, this quick pump was followed by an even quicker 12% decline in the price of the token. 

"Will the price of Ripple (XRP) reach $1 in 2023"? This is one of the many pertinent questions investors are asking now. In this article, we’ll provide expert opinion on the possibility of XRP reaching the $1 mark in 2023. We’ll also take a detour to examine a new hybrid memecoin, which analysts believe will outperform XRP in 2023.

Advertisement

info_icon

Will Ripple (XRP) Get To $1 This Year?

With Ripple securing a victory over the SEC in their court case, it is easy to think hitting the $1 milestone will be a walk in the park for the coin. This is not far from the truth, as the $1 mark is only a stone's throw away from Ripple’s current price of $0.7.

While the price of Ripple (XRP) might have experienced a sharp decline in the past few days, experts still believe XRP will move past the $1 mark with ease—but there’s a catch. For the price of Ripple to reach $1, it must break through the strong resistance at the $0.9 price zone.

Advertisement

Many analysts consider this region the gateway to $1, as it has a strong resistance that has rejected the price many times. Once this zone is broken and retested, Ripple (XRP) has the potential to soar as high as $1.76 before the end of 2023.

Nonetheless, experts believe Pikamoon, a new hybrid token with strong utility, has the potential to deliver more profit to investors in 2023 than Ripple.

What is Pikamoon?

Pikamoon is a leading-edge P2E game poised to transform the crypto industry and how crypto enthusiasts interact with the metaverse. The Pikamoon project is backed by its native token, $PIKA. $PIKA is a deflationary token with high utility. This is why it is highly coveted by investors, and its price is set to increase with time.

The deflationary feature of the $PIKA token makes it a valuable token suitable for long-term investment. This is because the total number of $PIKA tokens in circulation will continually decrease over time, thereby increasing the value of the available $PIKA tokens.

This reduction in the number of $PIKA tokens is achieved by permanently burning 5% of every $PIKA token used in the Pikamoon in-game marketplace. This burning mechanism creates a scarcity of $PIKA tokens in the Pikamoon ecosystem, thereby raising the value of the available $PIKA tokens.

There’s more in store. Gamers asked, and Pikamoon listened. Transforming the way crypto enthusiasts and gamers interact with the metaverse has always been top of the list for the core team at Pikamoon. This is why they’ve created online and offline gaming modes for the Pikamoon game. 

Advertisement

Now gamers can enjoy the wonders of the Pikaverse whether they’re on the go or playing right from the comfort of their home while earning princely rewards. Let’s face it, Pikamoon is at the peak of the P2E gaming industry. 

Pikamoon Presale

Pikamoon is offering an opportunity of a lifetime through its presale promo, where $PIKA tokens are selling for discounted prices. Pikamoon is in the third and last round of its presale, and $PIKA tokens are selling for as little as $0.0006. 

Smart investors know the $0.0006 price is a steal for $PIKA tokens, as the price will skyrocket once the coin launches on major exchanges. This is why they are bagging more tokens than they did in the first and second rounds of the presale.

Advertisement

Crypto whales are making their moves already. Don’t be left out. Get on the Pikamoon presale today!

info_icon

Find out more about Pikamoon (PIKA):

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement