This week, the crypto market has exhibited significant volatility, with major coins like XRP and Stellar Lumens first seeing large gains, then experiencing sharp pullbacks.
This volatility has yet to impact the progress of the crypto analytics project yPredict, which is currently in the midst of a highly-successful presale phase.
However, with attention back on the crypto market, projects new and old are benefiting from renewed investor interest – setting the stage for a fruitful few months ahead.
Ripple Ruling Reenergizes $XRP – Although Momentum Stalls After Pullback
XRP ($XRP) has been the talk of the crypto market over the past few days following some huge news regarding the SEC’s lawsuit against Ripple – the company behind $XRP.
The lawsuit alleged that Ripple had violated federal securities laws by offering $XRP in an unregistered securities sale.
As such, the SEC argued that $XRP was a security – a statement Ripple vehemently denied.
However, on July 13, Reuters reported that Ripple did not violate federal securities law, according to a ruling by US District Judge Analisa Torres.
This landmark legal victory sent the value of $XRP surging over 100%, although the token’s price has pulled back by 22% since the peak of the bullish surge.
While the SEC did win a partial victory concerning $XRP sales to institutional investors, the ruling was seen as a major boost for the broader crypto market.
Thus, with $XRP now trading around the $0.73 level, investors will be keeping a close eye on whether the token can reignite its upside momentum.
Stellar Soars Then Settles as $XLM Bulls Stay Optimistic
Stellar ($XLM) also saw its price surge after the favorable Ripple ruling – but this momentum has also cooled off recently.
On the day of the Ripple news, the price of $XLM spiked by 104% to $0.196 before giving back a significant portion of these gains over the weekend.
At the time of writing, $XLM is trading for around $0.126 – 35% lower than Thursday’s high.
Although $XLM has a different use case than $XRP, the two projects share common origins, and their prices have moved in tandem in the past.
The initial $XLM price spike was driven by the fact that the positive Ripple ruling boded well for the broader crypto market in terms of resolving regulatory uncertainty.
However, profit-taking has kicked in, bringing $XLM back from its temporary high.
The good news for $XLM bulls is the CoinGecko sentiment analysis reveals more than 80% of users are feeling good about the token’s prospects – highlighting there is still plenty of optimism behind Stellar.
Which New Crypto Projects Are Benefiting from the Market Momentum?
The surge in $XRP and $XLM has revitalized confidence throughout the entire crypto sector.
This belief has spilled over to new projects like yPredict – an AI-powered crypto analytics platform in the midst of a highly-successful presale phase.
Presale Project yPredict Pioneers AI-Powered Crypto Insights & SEO Solutions
yPredict ($YPRED) is an emerging crypto project riding the wave of positive market sentiment.
This ambitious project leverages the power of artificial intelligence (AI) to offer innovative tools for crypto analytics and search engine optimization (SEO) strategies.
yPredict primarily utilizes AI and machine learning (ML) to analyze vast amounts of crypto price data, thereby enabling the platform to generate accurate price predictions.
Per yPredict’s whitepaper, the platform will also boast market sentiment analysis and a first-of-its-kind automatic chart pattern detector.
Alongside the crypto analytics features, yPredict’s team has developed an AI-powered backlink estimator, which helps companies predict the ideal backlink profile needed to rank certain keywords.
According to a recent tweet from yPredict, this backlink estimator will now cost $99 per query. However, those participating in the $YPRED presale will receive lifetime access to the tool free of charge.
This announcement has sparked even more interest in the ongoing presale, which has now raised a staggering $3 million.
With yPredict’s presale now in its second-last stage, interested investors need to act quickly to secure $YPRED tokens at the discounted price point of $0.10.
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