Technology Talk

The cryptocurrency market has been in the red for the past two weeks. XRP has fallen by 2% from an already-low price and has seen a decrease of 27% in the last month. Many investors are abandoning their positions as the fallout from FTX's insolvency wreaks havoc on the digital currency market. XRP is trading at $0.358446, which is 72% below its price this time last year. Its chart seems to indicate that it still has a long way to go before it recovers. Relative strength index (purple) fell to below 30 yesterday and could stay in the region for a while. Ripple Price Predictions After Two Weeks of Stability Over the last few weeks, investor sentiment has seemed optimistic about Ripple's lawsuit with SEC. There have been some apparent victories on the road to a much-needed and favorable outcome. However, with LBRY dropping its court battle this week, many questions now lie ahead for Ripple. At the same time, its 30-day moving average (red) has begun pointing down towards its 200-d...

  The Argentinian tax authorities are carrying out more operations against unregistered cryptocurrency mining. It was recently reported that the appliances were discovered on a livestock and crop farm in the province of Santa Fe. In a notice from the AFIP, it says that the farm had 35 crypto mining rigs and other equipment for mining cryptocurrencies. However, investigators report that the equipment had not been connected to the internet making it difficult to know how severely someone can be penalized for this illegal activity. The equipment also appeared to have been smuggled into the country without requiring large quantities of extra freight space because it was disguised as a cargo load of consumer goods. More Illegal Crypto Miners Busted in Argentina The Argentine Institute of Taxation and Financial Information (AFIP) confirmed that it had carried out an “operation ” close to Santa Fe on a property where power consumption spiked by 800%. The AFIP said they uncovered equipment...

Doge Coin Price Prediction  After such a strong rally, it can be hard to know where the price is headed. Dogecoin's price prediction remains bullish, especially above the 38.2% Fibonacci retracement level of $0.1200. Despite billionaire Elon Musk's support, this doesn't seem to be enough for an extended rally; so far, Dogecoin has lost a bit of ground. Elon Musk, a billionaire, is a long-time fan of cryptocurrency Dogecoin, which rose in value 145% this week after he took over Twitter. But the gains have been fading as of late due to its recent losing streak. The recent interest rate hike by the US Federal Reserve, which had a detrimental effect on the entire crypto market, is the reason why Dogecoin has fallen. With its volatile performance in recent months and the most recent declines, it's clear that there are a lot of other factors that are weighing on its value. Some people have reported that Dogecoin's price has the potential to significantly increase. Elon Mu...