The price of XRP has declined dramatically in the past month, currently trading just above $0.50 and nearing its pre-pump lows.
$XRP’s price has closed in the red for three straight days, sending it down to nearly the same level it was before Ripple Labs’ partial victory over the SEC in court. A breach below this moving average often indicates a prolonged bear phase, raising concerns among the $XRP community. Additionally, macroeconomic conditions, mainly the Fed’s anti-inflation tactics, have clouded the broader cryptocurrency market.were released this week, showing that Jerome Powell and his peers are still worried about persistent inflation.
The presale has already raised over $127,000 as investor interest grows around this unique meme coin. These factors have combined to create significant buzz around $SONIK’s prospects, evidenced by the rapid growth of theWith the hard cap set at just $2 million for Sonik Coin’s presale, the opportunity for early investors to get involved is limited, emphasizing the potential for significant demand upon $SONIK’s official launch.Alongside Sonik Coin,The project taps into the viral retail trading movement popularized on Reddit through its unique branding and narrative.