China News by Thebittimes.Com

The Cardano price dropped 22% in the last 24 hours to trade at $0.7083 as of 4.15 a.m. EST on trading volume that soared 441% to $3.83 billion. The ADA price spent the last seven days trading between a support at $0.90 and a resistance at $1, but this ended on Sunday, Feb. 2, when it broke the support and started spiraling down to a support at $0.60, even briefly dipping below it to $0.57. Earlier today, however, the price started seeing a recovery as the traders rushed in to buy the dip, pushing the ADA price to $0.70 as of the time of writing. However, things might get busy for Cardano, as its founder, Charles Hoskinson, recently said that the team is working on some new deals and is “meeting a very special person toward the end of the month.” JUST IN: #Cardano $ADA Founder Charles Hoskinson says "we're still working on some of the deals that are under NDA, and meeting a very special person towards the end of the month. I can't say who it is. February is going to be...

The XRP price prediction remains neutral as investors remain uncertain about the ongoing Ripple vs. SEC battle. Since both Ripple and the SEC have filed requests for summary judgment, it has been widely assumed that they have entered the final stages of their legal battle and that a resolution is just a matter of months away.  If confirmed, this hypothesis will significantly boost the XRP price, possibly pushing it over the current all-time high of $3.40 in the coming months. Let's take a quick look at the Ripple vs. SEC lawsuit. Ripple Lawsuit: John Deaton Explains Key Issue as SEC Delays Hinman Documents On September 29, District Judge Torres rejected the SEC's objections and ordered the agency to hand over the Hinman records. Judge Torres' order regarding the Hinman documents claims that the SEC missed the October 13 deadline to file its application for reconsideration of Judge Torres' order. According to the latest information, this has not yet b...