Gregory Pudovsky
Published: November 01, 2024 at 5:00 pm Updated: November 01, 2024 at 1:23 pm
The lackluster XRP price action resulting from the ongoing Ripple and SEC struggle has made crypto whales wary. These crypto whales are notably shifting from the XRP price toward WallitIQ (WLTQ) for its potential to provide 6,000% returns over Shiba Inu (SHIB).
Why Wallit (WLTQ) Can Deliver 6,000% Returns To Crypto Whales
There’s been an increasing demand for an effective crypto wallet, especially among crypto whales. Wallit (WLTQ) uses AI and machine learning algorithms to provide a decentralized crypto wallet that addresses the major challenges in existing wallets.
The WallitIQ (WLTQ) wallet will be protected by intelligent security measures, such as Escrow-Connect by AI-Einstein, which will intercept connections between external dApps and users’ wallets to perform a thorough security analysis.
The wallet will also include advanced Anomaly Detection and Behavioral Analysis. Here, its AI will create a behavior profile for each user, and any anomalies in behavior will trigger alerts, detecting potential security breaches before they occur.
WallitIQ (WLTQ) will also help crypto whales make informed investment decisions through its AI-driven crypto education and portfolio management. The wallet’s AI will conduct an analysis of users’ portfolio and market data to identify strengths, deficiencies, and potential paths to increased profits.
Crypto whales and investors can increase their crypto knowledge through WallitIQ’s AI, which will curate education content to suit every experience level and investment goal. With many financial processes moving to DeFi, WallitIQ (WLTQ) has pioneered a Physical 2 Digital (P2D) technology that will enable users to digitize and store in their decentralized wallet vital items such as passports, driver’s licenses, and ID cards.
Despite being in the first stage of its presale, WallitIQ (WLTQ) has already received a listing on CoinMarketCap and the integrity of its smart contract verified by a SolidProof analysis. Stage 1 is close to 50% done, with WLTQ tokens selling at $0.0171 and a profit of more than 405% expected upon launch.
With its pioneering technology, low market cap, growing community of investors, and relatively low entry price, WallitIQ (WLTQ) could deliver 6,000% returns to crypto whales.
Crypto Whales Lose Faith In XRP Price Amid SEC Struggle
According to James K. Filan, the SEC filed a petition for a deadline extension for its appeal brief until January 15, 2025 on October 24 after missing the court’s appeal brief submission deadline. The potential delay from the SEC petition has stalled hopes of a near-term recovery for the XRP price.
Over the past month, the XRP price has declined by over 15%, trading at $0.5255 at the time of writing. The XRP price has also remained in a confined range in October, failing to break the resistance at $0.55 several times. The bearish XRP price action and SEC struggles have caused major movements among crypto whales.
According to Santiment’s data, crypto whales with between 10 million and 1 billion XRP tokens have sold 700 million XRP since October 19, valued at approximately $357 million. This extensive liquidation has pushed the crypto whales’ XRP holdings down to 15.78 billion tokens, their lowest level since early August.
Shiba Inu (SHIB) Price Outlook
The daily chart shows that the Shiba Inu (SHIB) price has increased inside an ascending parallel channel since August. Shiba Inu (SHIB) faced a rejection from the resistance trend line on September 27, sparking a decline. While Shiba Inu (SHIB) briefly bounced from the channel’s midline, it formed a lower high on October 19, confirming the $0.0000195 level as a key resistance.
The Relative Strength Index (RSI) for Shiba Inu (SHIB) is on the verge of dipping below 50, and the Moving Average Convergence/Divergence (MACD) has turned bearish. If Shiba Inu (SHIB) has indeed entered wave C, its price may descend to around $0.0000144 before finding support that potentially sets the stage for a renewed uptrend.
Conclusion
Crypto whales and investors who have lost faith in the XRP Price amid the SEC struggle could consider moving to WallitIQ (WLTQ) for potentially 6,000% returns over Shiba Inu (SHIB).
Join the WallitIQ (WLTQ) presale and community:
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
