Altcoin News by Thebittimes.Com

XRP appears set to break the $0.50 resistance point. However, while the token appears to consolidate, three digital assets available on presale look set to deliver massive gains.  Broader Market Pressure Makes XRP Outlook Bleak The broader economy has been the biggest indicator of the crypto market’s direction. Inflation fears have rocked several of the world’s top economies, and policymakers have scrambled to make changes to accommodate them.  After the United States Federal Reserve reported a 0.4% month-on-month rise in the consumer price index (CPI), there have been fears that it could increase interest rates once more when the Federal Open Market Committee (FOMC) arrives in November.  So far, analysts still expect the Fed to increase interest rates by at least 75 basis points in November. If this happens, investors will find it more challenging to borrow money, and markets will be affected. XRP is one of the most valuable coins in the ...

Hex was launched in December 2019 at a modest price of $0.00021740 (three zeroes) and the crypto has skyrocketed thereon. It took Hex just 14 months to jump from $0.00021740 to $0.01 as it spiked 10,000x in a short period. The crypto reached the 1 cent mark in February 2021 and hit its all-time high of $0.51 in September of the same year. Therefore, in seven months, Hex climbed $0.50 and looked prime to breach the $1 mark. From September last year, the crypto went on a downward spiral and is now trading at $0.03, at its May 2021 lows. Also Read: Bitcoin Could Drop Massively in Price From $19,000 Levels However, early investors are not complaining about the price drop as they made massive wealth between 2019 to 2021. It doubled in price approximately every 48 days from launch day till September 2021, allowing early investors to sit on sacks of profits. Now that Hex is down to its 18-month low, the crypto is finding it hard to claw back to its previous glory. It has mostly tra...