1. Blockchain-related projects
The Cardano community has a chance to vote for their favorite projects. The voting period runs from August 31st to September 14th, with results expected to be announced around September 21st. The selection process involves reviewing the challenges, examining proposals, checking community feedback and reviews, and ultimately making a choice to vote for a project. To determine the direction of Cardano, be sure to cast your vote and support meaningful growth in projects. You can find more details on the Project Catalyst website. Don’t forget to vote!
2. Ripple SEC Lawsuit News
Here is the latest information on the legal battle between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC). Ripple has partnered with India’s Yes Bank to provide interoperability with UPI in the RBI (Reserve Bank of India) CBDC app. This increases the likelihood of Ripple and XRP being involved in India’s CBDC project. Ripple has been focusing on the Indian market for some time, and there have been rumors of partnerships with central banks. India is in the midst of a digital currency revolution, and XRP is considered a potential neutral bridge asset. While details are not confirmed, these connections are being closely watched.
3. ADA Market Analysis
Currently, on the ADA chart, an Elliott Wave Triangle is forming, indicating a bear market. The outlook remains unchanged until the price surpasses the July high of 38.5 cents. There is a high likelihood of the price falling further within the Elliott Wave Triangle, approaching the range of 30 to 34 cents. However, these predictions are not highly certain, and the exact price movement is uncertain. Therefore, careful observation is necessary. If the price does rise, it would likely form an E-wave with a WXY structure. However, there is also a possibility of breaking support, so caution is advised. The situation is still in a watch-and-wait phase and is not a high-probability setup. ADA’s price is currently consolidating, and a break to the upside may indicate the start of a new corrective A-wave.
Quoted URL
https://www.youtube.com/watch?v=Pjfr5BOXCh0
https://www.youtube.com/watch?v=WMaVBHgpA4o
https://www.youtube.com/watch?v=ilJF7D6mDW4
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