Top 3 Cryptocurrency to Accumulate for Long-Term Growth

The first two weeks of June have been miserable for many crypto holders in the US Sec crackdown and the altcoin crash triggered a significant downfall in the majority of major cryptocurrencies. However, with this downfall, well-established coins are also trading at discounted prices offering interested traders an opportunity to make their portfolio.

Timeline of Polkadot-new, Polygon, Xrp

The long-awaited Hinman documents were unsealed and revealed to the public on June 13. The documents provide insight into William Hinman's speech which stated that Ether is not a security.

In a slight downturn for Ripple Labs' XRP, which serves as the backbone for the company's payment and exchange network services, prices experienced a 1.3% dip in the 24 hours until 10:15 a.m. in Hong Kong.

Polygon, a renowned Ethereum scaling team, has made an exciting announcement. They have unveiled their ambitious plans to revamp their ecosystem, creating a network of interconnected chains known as Polygon 2.0.

Just before the dawn of a new day, the cryptographic community is on the brink of a significant disclosurethe long-awaited Hinman documents. Ripples CEO, Brad Garlinghouse, hints that this reveal will not disappoint.

Despite its current designation as a security by the United States Securities and Exchange Commission (SEC), Polygon has continued to broaden its ecosystem. As recently unveiled by Polygon Labs, Flipkart, the Indian multinational online shopping platform, is now the new partner of the Ethereum Layer 2 scaling protocol.

Flipkart, the renowned Indian e-commerce marketplace, has joined forces with Hang, a comprehensive customer relationship-building platform, to introduce FireDrops 2.0 on the Polygon blockchain. This groundbreaking rewards and loyalty program aims to revolutionize how users engage with brands during their online shopping journey.

Ripple's price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint.

Even though XRP has recently made it to the top of the list of the biggest ‘losers' among the top 100 cryptocurrencies by market capitalization in terms of its 24-hour price losses, it still remains one of the strongest altcoins in the crypto sector, with a chance of hitting $0.8 in the near future.

After much legal wrangling, Ripple Labs finally released Hinman documents earlier yesterday that showed behind-the-scenes edits and correspondence about a speech the former director of the U.S. Securities and Exchange Commission's Division of Corporation Finance gave in 2018, in which he said that, while cryptocurrencies such as Bitcoin and Ether may start off as securities, they can become commodities once they become sufficiently decentralized.

Introduction This report provides a comprehensive analysis of XRP's price dynamics on Binance, covering technical indicators, moving averages, and pivot points. Price and Volume Overview As of 11:06 a.m. UTC on 14 June 2023, on Binance, the price of XRP is $0.50510, which is a decrease of $0.05590 (-9.96%) from the previous close.