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Ripple (XRP) Price Prediction 2025-2030: Will extreme greed boost XRP further – AMBCrypto News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject.
XRP is a cryptocurrency that was developed by Ripple, a company that provides financial settlement solutions. It is designed to be a fast and cost-effective alternative to traditional cross-border payments, allowing financial institutions to send and receive payments from different countries quickly and with minimal fees.
XRP is used as a bridge currency in Ripples payment network, and can be exchanged for other currencies. While XRP has been the subject of controversy and speculation in the past, it remains a popular choice for financial institutions and is used in a number of different countries around the world.
One of the key advantages of XRP is its speed. Transactions on the Ripple network can settle in just a few seconds, compared to several minutes or even days for traditional wire transfers. This makes it an attractive option for businesses and individuals looking to send money across borders quickly and cheaply.
ReadPrice Prediction for Ripple (XRP)for 2023-24
One reason for XRPs relatively strong performance may be its strong adoption in the financial industry. Many banks and financial institutions have begun using XRP as a means of facilitating cross-border payments, which has helped increase demand for the cryptocurrency. Additionally, Ripple Labs has made significant efforts to promote the adoption of XRP, which has helped promote its credibility and appeal.
After the company was established, the XRPL architects gifted 80 billion XRP tokens to Ripple for the company to build on the network. The XRP Ledger uses a consensus system that involves several bank-owned servers to verify transactions. The validators verify that the proposed transactions are valid by comparing them to the most recent version of the XRP Ledger.
A transaction must be accepted by the majority of validators to be verified.
The XRP ledger uses distributed ledger technology, which is different from the more commonly used blockchain technology. This technology allows bank and non-bank actors to incorporate the Ripple protocol into their own systems, as the protocol is completely open and accessible to anyone without prior approval from Ripple Labs.
In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price at the beginning of that year. Although it has since declined, XRP remains a significant player in the cryptocurrency market and is consistently ranked among the top ten coins in terms of market capitalization. The team behind XRP and Ripple continue to work on the development of the XRP ledger and its potential use cases in the global financial system. Overall, XRP remains a significant and influential cryptocurrency in the world of finance and technology.
In 2020, the US Securities and Exchange Commission (SEC) sued Ripple, alleging that the company sold $1.3 billion in unregistered securities through its XRP cryptocurrency. Ripple denies the allegations, claiming that XRP is not a security and does not meet the criteria for the Howey Test.
A report byCoinSharesindicated that investors are confident of Ripples victory in the landmark case against the SEC. This is based on the fact that XRP investment products have seen consistent inflows for three consecutive weeks.
On the business front, Ripple revealed key developments pertaining to its European expansion. The companysharedits progress with Paris- based Lemonway and Xbaht in Sweden. Businesses in France and Sweden will now be able to leverage Ripples On-Demand Liquidity (ODL).
On 15 November, Rippleannounced that it partnered with MFS Africa, a leading FinTech firm with the largest mobile money footprint in the continent. This joint venture seeks to streamline mobile payments for users in 35 countries.
In other news, Ripple CTO David Schwartz took toTwitterto offer former employees of the troubled crypto exchange FTX, a place at Ripple. However, this offer only stands for employees who were not involved with compliance, finance, or business ethics.
Ripplestie-upwith Tokyo Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second-largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for itspartnershipwith international banking conglomerate Santander Group for an app focusing on cross-border transactions.
In terms of rivals, Ripple has close to none at the moment. They are the leading crypto firm catering to financial institutions around the world. As the number of partnerships grows, XRP will reap the benefits. After all, it is the medium of exchange for all cross-border transactions enabled by RippleNet.
Ripple has been capitalizing on the need for quick transactions and another untapped potential in emerging economies, given that nations in Latin America and Asia-Pacific regions are more likely to realize the value of blockchain and its tokens compared to their first-world counterparts. With the rise of central bank digital currencies (CBDC), it is likely that developing countries looking to explore this option will go for Ripple, since it already offers a well-established cross-border framework. Increased adoption of CBDCs will also lead to banking institutions considering integrating crypto into their services. This will work out very well for Ripple, since RippleNet is already associated with a number of banks.
Blockchain solutions being offered to Ripples Central Bank partners wanting to venture into CBDCs include the option to leverage the XRP ledger using a private sidechain.
Ripple is predicted to develop rapidly over the forecast period, as it can be used for a variety of functions like accounting, investment, smart contract implementation, and decentralized programming.
XRP has an edge over its rivals due to its low cost of entry. The fact that a few dollars will buy tens of XRP seems appealing to new investors, especially those who prefer little investment.
According to a Valuatesreport, the cryptocurrency markets size is expected to hit $4.94 billion by 2030, growing at a CAGR of 12.8%. A number of crypto-firms will benefit from this, Ripple among them.
The growth in the cryptocurrency market is spurred by an increase in the demand for operational efficiency and transparency in financial payment systems, as well as an increase in demand for remittances in developing nations.
The general idea is that RippleNets adoption by financial institutions will increase, leading to more recognition of the platform as well as its native token. This has also been factored in while calculating predictions for 2025 and beyond.
According to data from CoinMarketCap, XRP was trading at $0.48 at press time. The token was ranked sixth by its market capitalization, which currently stands at $24.7 billion. Over the past 24 hours, more than $1.6 billion worth of XRP have changed hands. The tokens price has gone up 38% since the beginning of 2023, however, it has lost 8% of its value over the past week.
XRPs press time price was a far cry from its all-time high of $3.84 in January 2018. As a matter of fact, its price was closer to its launch price than its all-time high.
Although XRP gained somewhat over the last three months, its recent returns have made investors worried.
On 22 December 2020, the U.S Securities and Exchange Commission (SEC)fileda lawsuit against Ripple Labs. The lawsuit alleged that Ripple had raised $1.3 billion through the sale of unregistered securities (XRP). In addition to this, the SEC also brought charges against Ripples top executives, Christian Larsen (Co-founder) and Brad Garlinghouse (CEO), citing that they had made personal gains totaling $600 million in the process.
The SEC argued that XRP should be considered security rather than a cryptocurrency and as such, should be under their purview.
A verdict in favor of the SEC will set a rather unpleasant legal precedent for the broader crypto market. This is why this case is being closely observed by stakeholders in the industry.
It is evident that developments in the lawsuit have a direct impact on XRPs price. Following the news of the lawsuit in 2020, XRPtankedby almost 25%. In April 2021, the judge handed Ripple a small victory bygrantingthem access to SECs internal documents, which caused XRP to rise over the $1-mark A threshold that the crypto hadnt crossed in 3 years.
According to atweetby Defense Attorney James Filan on 15 August 2022, the U.S District Court for the Southern District of New York dealt yet another blow to the SEC when Judge Sarah Netburn granted Ripples motion to serve subpoenas to obtain a set of video recordings for the purpose of authentication, dismissing the regulators claim that Ripple was trying to reopen discovery. This was in response to Ripplesmotionfiled on 3 August 2022.
In theOpinion & Orderpublished earlier in July, Judge Sarah Netburn condemned the SEC for its hypocrisy and actions which suggested that the regulator was adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.
The lawsuits verdict, whatever it is, will have a lasting impact on XRPs value. It is important to note that a verdict in favor of the SEC would make XRP security only in the U.S. because the regulator does not have jurisdiction across the countrys borders. This should offset some of the damage to Ripple, given that it has a substantial amount of business globally.
Carol Alexander, Professor of Finance at the University of Sussex,believesthat XRP is unlike any other crypto. She believes that if Ripple manages to beat the SEC lawsuit, it could start taking on the SWIFT banking system. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions.
In an interview with CNBC, Ripple CEO Brad Garlinghousetalkedabout the possibility of an IPO after the case with the SEC is resolved. Ripple going public will have a significant impact on XRPs price action in the following years.
In aninterviewwith Axios at Collision 2022, Garlinghouse further stated that the current price of XRP has already factored in Ripple losing the case. If Ripple loses the case, does anything change? Its basically just status quo, he added.
As for his personal opinion on the verdict, Garlinghouse is betting that it will be in favor of Ripple. Im betting that because I think the facts are on our side. Im betting that because the law is on our side, he remarked.
Curiously, support for Ripple and XRP hasnt been universal really, with Ethereums Vitalik Buterin recentlycommenting,
XRP already lost their right to protection when they tried to throw us under the bus as China-controlled imo
Ripple and the SECs lawsuit is not just restricted to the courtroom. The matter is often covered by the media with both parties having been featured in multiple op-eds, often criticizing each other. Just this month, the market watchdog and the crypto firm were the subject of a heated exchange through pieces published by the Wall Street Journal.
On August 10, SEC Chairman Gary Gensler reiterated his stance on the definition of crypto assets and their oversight in hisop-edpiece featured in The Wall Street Journal. Make no mistake: If a lending platform is offering securities, it . . . falls into SEC jurisdiction.
Chairman Gensler went on to cite the $100 millionsettlementthat the regulator had reached with BlockFi, stating that the crypto markets must comply with time-tested securities laws. As per the terms of the settlement, BlockFi has to rearrange its business to comply with the U.S Investment Company Act of 1940 in addition to registering under the Securities Act of 1933 to sell its products.
In response to Chairman Genslers op-ed, Stu Alderotypublishedhis own piece in The Wall Street Journal and did not mince his words while taking a shot at the regulator. Alderoty accused Gensler of side-lining fellow regulators (CFTC, FDIC etc.) and overreaching its jurisdiction, as opposed to the executive order by U.S President Joe Biden, which directed agencies to coordinate on regulations for crypto.
What we need is regulatory clarity for crypto, not the SEC swinging its billy club to protect its turf at the expense of the more than 40 million Americans in the crypto economy, Alderoty added.
A controversial article authored by Roslyn Layton in Forbes on 28 August pointed out that since 2017, the SECs Crypto Assets Unit has been involved in 200-odd lawsuits. According to Layton, this figure suggests that instead of coming up with clear regulations to ensure compliance, the regulator would rather engage crypto firms with lawsuits in an attempt to regulate by enforcement.
Ripple CTO David Schwartz found himself in a stand-off with Ethereum Co-Founder Vitalik Buterin earlier this month, after Buterin took a dig at XRP ontwitter. Schwartz hit back andrespondedto Buterins tweet, comparing miners in the PoW ecosystems like Ethereum to stockholders of companies like eBay.
I do think its perfectly fair to analogise miners in PoW systems to stockholders in companies. Just as eBays stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC, Schwartz added.
Now, putting an accurate figure on the future price of XRP is not an easy job. However, as long as there are cryptocurrencies, there will be crypto pundits offering their two cents on market movements.
Changelly has gathered an average prediction of $0.47 for XRP by the end of 2022. As for 2025, Changelly has provided a range between $1.47 to $1.76 at max for XRP.
Finders conclusion from a panel of thirty-six industry experts, is that XRP should be at $3.61 by 2025. It should be noted that not all of those experts agree on that forecast. Some of them believe that the crypto wont even cross the $1 threshold by 2025. Keegan Francis, the global cryptocurrency editor for Finder, does not agree with the panel of experts. He predicts that XRP will be worth $0.50 by the end of 2025 and, surprisingly, a mere $0.10 in 2030.
According to data published onNasdaq, the average projection for 2025 is around $3.66.
Are your XRP holdings flashing green? Check theprofit calculator
Finders experts had a rather conservative figure for XRP in 2030. They believe that the crypto could hit $4.98 by 2030. In a statement to Finder, Matthew Harry, the Head of Funds at DigitalX Asset Management, revealed that he doesnt see any utility in XRP other than the speculation element.
According to data published on Nasdaqswebsite, the average projection for 2030 is around $18.39.
Year-to-date (YTD) figures from Ripples Quarter 2 earningsreporthave made it clear that despite the drop in XRPs price, demand for their On-Demand Liquidity service not only remained undeterred but actually grew by nine times year-over-year (YoY) with ODL sales totalling $2.1 billion in Q2. The report further stated that Ripple has pledged $100 million for carbon removal activities, in line with their carbon neutral objective and sustainability goals.
Ripples Crypto Trendsreport claims that NFTs and CBDCs are still in their nascent stages and, as their potential is gradually realized, its impact on Ripples network and on the broader blockchain space will be visible.
It should be noted that while various experts have predicted XRPs price to increase in the following years, there are some who believe that XRP will lose all value by the end of the decade.
The major factors that will influence XRPs price in the coming years are:
Predictions are not immune to changing circumstances, and they will always be updated on new developments.
With the Fear and Greed index leaning towards greed at press time, it implies that investors were confident in their expectations about XRP.
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Ripple (XRP) Price Prediction 2025-2030: Will extreme greed boost XRP further - AMBCrypto News
Decentralized Twitter Alternatives Bluesky and Nostr Experience … – Cryptonews
Pixabay / Geralt
The social media landscape is experiencing a significant shift as decentralized alternatives to Twitter, such as Bluesky and Nostr, are gaining quick traction.
Both platforms are backed by former Twitter CEO Jack Dorsey and promise users more control over their data, with open social networks free from central authorities making content or participation decisions.
As Web3 continues to make headlines, decentralized social media platforms boasting blockchain integration and the adoption of open protocols are unlocking unhinged success.
Nostr, an acronym for "notes and other stuff transmitted by relays," is a decentralized protocol that uses public and private key cryptography.
The Nostr platform has attracted technical communities, while Bluesky has drawn a broader audience, ranging from digital artists and NFT enthusiasts to social activists and casual users.
Despite their differences, both platforms are witnessing rapid growth in the decentralized social media space.
Bluesky, still in its invite-only stage, features a chronological feed and aims to address gaps in the Mastodon ecosystem, such as account portability, global discoverability, and customizable curation and moderation.
The platform currently has around 33,000 members.
Nostr, on the other hand, boasts a significantly larger user base, with as many as 16 million users and 780,000 daily active users, according to Nostr.Band.
These decentralized alternatives face various challenges, from technical issues to community concerns such as moderation and safety.
For instance, Damus, an app based on the Nostr protocol, faced difficulties getting through Apple's App Review due to its decentralized nature.
However, after addressing the issues raised, Damus was eventually approved for the App Store.
The integration of blockchain technology could provide new opportunities for user engagement and monetization, such as tipping posts and incentivizing content creation.
Decentralized platforms may also be able to leverage interoperability between different protocols in the future, further enhancing the user experience.
Furthermore, the emergence of the first Web3 hardware technologies could deliver an entirely new era of trust and truth in content.
As these platforms continue to evolve, seamless compatibility and interoperability could pave the way for a new era of social media, characterized by greater user autonomy, enhanced privacy, and financial empowerment.
Early testers and supporters of Nostr include Ethereum co-founder Vitalik Buterin, whistleblower Edward Snowden, and pro-crypto U.S. Senator Cynthia Lummis.
Overall, the rapid growth of decentralized Twitter alternatives like Bluesky and Nostr showcases a shift in social media dynamics.
The integration of blockchain technology and open protocols could potentially elevate these platforms to the next level, offering users more control, privacy, and freedom in the ever-evolving social media landscape.
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Decentralized Twitter Alternatives Bluesky and Nostr Experience ... - Cryptonews
Elon vs Vitalik for Dogecoin and Shiba Inu as Big Eyes Coin … – Analytics Insight
The world of cryptocurrency has seen a rise in meme coins, with Dogecoin being one of the most popular ones. Its success has led to the emergence of several other meme coins, including Floki Inu. The question now is, can Floki Inu challenge Dogecoin for the top memecoin?
This article will compare and analyse the similarities and differences between these two meme coins, their utility, and their value. We will also introduce Big Eyes Coin as a viable investment for the 2023/2024 bull market.
Dogecoin is a decentralised, peer-to-peer digital currency based on the popular Doge meme, created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. The Dogecoin community is known for its lightheartedness, humour, and charitable initiatives, making it one of the most relatable crypto communities and platforms.
Thanks to the endorsements by Elon Musk and the crypto community, Dogecoin has a market cap of over $40 billion, making it the top meme coin. The coins utility is limited and primarily used as a speculative investment. However, several businesses now accept Dogecoin as a form of payment, making it more practical.
Shiba Inu (SHIB) is a relatively new meme coin that has gained attention in the crypto community thanks to its founders engagement with Vitalik Buterin, the co-founder of Ethereum. Buterin was given half of the Shiba Inu supply, which he donated to Indias COVID-19 relief fund. This act of philanthropy made headlines and boosted Shiba Inus popularity.
While both Dogecoin and Shiba Inu have unique selling points, the question remains: whose support is more influential in the market, Musks or Buterins? The answer could be clearer-cut, as both have significantly impacted the coins value.
However, its worth noting that Musks tweets have a more significant reach, with the Tesla CEO having over 60 million followers on Twitter compared to Buterins 2 million. While one is a cryptocurrency leader, the other influences the cryptocurrencys price. As per usual, capitalism wins over philanthropy when it comes to amassing followers.
Big Eyes Coin, however, manages to do both. It is a deflationary token that aims to provide a long-term investment opportunity for its holders and change how they engage with finances and charitable endeavours.
The cat with big eyes wants to save the worldincluding its fish. BIG donates 5% of its assets to organisations that aim to save the ocean, including The Sea Shepherd and Orca Network.
The non-profit Orca Network, established in 1996, devotes its efforts to reporting on Salish sea whale issues, sightings, and events. On its website, Orca Network offers articles about marine animals and fact sheets about the Southern Resident Community of Orcas.
An organisation dedicated to protecting the oceans, The Sea Shepherd, was created in 1977. They stand up for all marine life, including krill, fish, and sharks. Good news for Big Eyes Coins cat companion! The coins value is expected to rise steadily as its supply decreases, making it a viable investment for the 2023/2024 bull market.
Big Eyes Coins utility is limited, but it aims to become a community-driven project that provides value to its holders. The coins website promises exciting community events and charity initiatives to engage its community.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards
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Elon vs Vitalik for Dogecoin and Shiba Inu as Big Eyes Coin ... - Analytics Insight
ApeCoin Donates $1M to Fund Ethereum After AIP-230 Vote – BeInCrypto
Bored Ape Yacht Club-associated token ApeCoin has donated $1 million to the development of Ethereum. The community voted in a proposal to confirm the donation.
The ApeCoin community has voted to donate $1 million to aid the development of Ethereum, a voting proposal shows. AIP-230, the proposal, was titled, I dont hate apes, I just want them to fund public goods! referencing a tweet made by Vitalik Buterin.
46.21% of voters were in favor of the proposal, 29.96% were against it, and 23.84% decided to abstain.
The proposal aimed to achieve several goals, including giving back to the Ethereum community, furthering development work around account abstraction, and introducing developers to ApeCoin. To achieve these goals, the community plan to donate $300,000 to ETHGlobal. The remaining $700,000 will be used to fund 11 ApeCoin hackathons and at least five public good initiatives.
Maariab, the author of the proposal, stated that the community would select the judges for the hackathons. As for the motivation, they said that it was important to support Ethereum:
ApeCoin would not be possible without Ethereum. As a public good, Ethereum benefits from shared responsibility and collective appreciation, and the ApeCoin community should make a concerted effort to directly support this ecosystem.
Buterins tweet on March 22 was the impetus for the proposal. Additionally, a few months later, the Ethereum co-founder made a statement about protocol-level account abstraction. Specifically, he suggested that we would already be in a wallet security utopia if we had put a fifth of the work into this area.
As such, $50,000 in prizes from the $700,000 apportioned towards hackathons and public good initiatives will be used for account abstraction and initiatives related to NFTs, DAOs, and zk scaling. An Ethereum proposal, called EIP-4337, relating to account abstraction, is already in the works.
There have been other votes taking place in the ApeCoin community. This includes voting to establish an around-the-clock news website dedicated to the Bored Ape Yacht Club called the Bored Ape Gazette. ApeCoin staking has also gone live, adding utility to the token.
Other votes include voting on an ApeCoin DAO NFT marketplace. The token and its community continue to have major clout in the NFT space. It is possible that more votes may take place in the near future.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
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ApeCoin Donates $1M to Fund Ethereum After AIP-230 Vote - BeInCrypto
The debate continues: Bitcoin, Ether or the others? – Captain Altcoin
Home Journal The debate continues: Bitcoin, Ether or the others?
The world of cryptocurrencies has been dominated by Bitcoin for several years. However, the rise of Ethereum and its innovative blockchain technology has led to a debate on the competition between Ether and Bitcoin.
While Bitcoin is still considered the king of cryptocurrencies, Ethereum has emerged as a strong competitor. The Ether can actually be trade with professional apps like Bitcoin method.
In this article, we will explore the differences between these two cryptos and examine their potential to revolutionize the financial industry.
Bitcoin was the first cryptocurrency, introduced in 2009. Its creator: an anonymous person or group of people under the pseudonym Satoshi Nakamoto.
It uses a decentralized ledger system called the blockchain, which allows transactions to be recorded and verified without the need for a central authority.
Bitcoin has gained immense popularity over the years and is currently the most widely used cryptocurrency in the world.
However, while Bitcoin maintains its place at the top of the cryptos, traders are beginning to recognize the potential of other cryptocurrencies.
Ethereum, for instance, which was introduced in 2015 by Vitalik Buterin. It is based on a more advanced blockchain technology that allows developers to create decentralized applications, smart contracts, and decentralized autonomous organizations (DAOs).
Ethereum has become popular among developers and businesses due to its flexibility and ability to create customized applications.
Both cryptos have their unique strengths and weaknesses. Bitcoin has a more established network, is widely accepted by merchants, and has a limited supply of 21 million coins.
Ethereum, on the other hand, has a larger potential supply, is more flexible, and can be used for a wide range of applications beyond just currency.
However, despite the widely held belief that these two leading cryptocurrencies are in a competitive relationship, the truth is that this notion is flawed; as they can coexist and complement each other without any conflict.
The reason for this is rooted in their distinct functions and objectives. While Bitcoins primary function is to serve as a currency, Ethereum operates as a software and platform for executing smart contracts.
As a result, they cater to different needs and serve different purposes, making them mutually compatible.
Besides Bitcoin and Ether, some of the best cryptocurrencies include Ripple, Litecoin, and Bitcoin Cash.
Ripple is focused on providing fast and secure cross-border payments, while Litecoin is designed to provide faster and cheaper transactions than Bitcoin.
Bitcoin Cash is a hard fork of Bitcoin that has increased block size, allowing for more transactions per block.
Its worth noting that all cryptocurrencies on the market can coexist because they serve different needs and have unique features that set them apart.
Similarly, its important to note that despite their potential, they all share some key flaws that need to be addressed.
For traders, one of the biggest concerns is the volatility, which can lead to massive fluctuations in value. This phenomenon is due to the lack of regulation and the fact that cryptos are not backed by any physical assets.
Another concern for users is the potential for them to be used for illegal activities, such as money laundering and terrorism financing. The truth is that while blockchain technology provides a high level of security, it also allows anonymity, making it difficult to track illegal activity.
Ultimately, the success of cryptocurrencies will depend on their ability to address the key flaws and gain wider acceptance by businesses and consumers.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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The debate continues: Bitcoin, Ether or the others? - Captain Altcoin
2 Top Cryptocurrencies to Buy in April 2023 – The Motley Fool
Cryptocurrencies have always been unpredictable. I mean, you can trust the digital security of any serious crypto name, but the value of each token started a thrilling roller-coaster ride when the first digital coin was minted. And the wild ride is not slowing down in 2023. After last year's hard crash, the digital currencies are showing their resilience with a spirited rebound that would make even the most jaded investor take notice.
Nobody can predict what the crypto market will look like next month or next year. Difficult to see. Always in motion is the future. Eventually, though, cryptocurrencies and other blockchain technologies will almost certainly change the world. The combination of publicly available data ledgers on a global scale and unbreakable transaction security is sure to disrupt how people and companies handle financial transactions, data management, and more. Just you wait.
And while you're waiting, why not invest in the blockchain future before the sector starts to skyrocket again? Amid the countless coins vying for a spot in the digital hall of fame, two tokens are making a strong case for a promising future. Whether you're already a seasoned cryptocurrency investor or just dipping your first toe in the digital waters, you should know what Ethereum (ETH -0.35%) and Polkadot (DOT -0.08%) are all about.
Ethereum, the crypto juggernaut, has been a linchpin in the digital currency world for nearly a decade now. Currently boasting a market cap of $237 billion, it's earned its reputation as the go-to platform for smart contracts.
And this platform is bigger than it looks at first glance. On closer inspection, countless altcoins don't actually run their own blockchain networks. They often turn out to be Ethereum-based ERC-20 tokens. That's a quick and easy path to launching new crypto projects with Ethereum's security, decentralized management, and advanced smart contracts.
Shiba Inuis the most popular ERC-20 tokenright now, ahead of the high-speed Arbitrumnetwork and the virtual gaming token of The Sandbox. Ethereum's open design makes these projects possible.
The second-largest cryptocurrency by total market value is currently trading around $1,986, and its recent price movements have been nothing short of exciting. It has gained 13% over the last month, and the year-to-date return is an impressive 70%. While down 34% from its all-time high in November 2021, Ethereum has some powerful upward momentum behind it.
One reason for this upswing is the recent progress toward a fully functional Ethereum platform on a proof-of-stake blockchain. The progress continued with Ethereum's Shanghai upgrade on April 12. This significant development introduced staking withdrawals and several smaller tweaks, pushing Ethereum's capabilities even further.
Co-founder Vitalik Buterin saidthat "the hardest and fastest parts of the Ethereum protocol's transition" are over and done with. The focus will now shift toward tackling scaling issues to make transactions faster and cheaper.
Make no mistake -- these upgrades are very important to Ethereum's owners. Why? Well, the system could break down if Ethereum trading and smart contract executions suddenly gain momentum again. In an online event around the Shanghai upgrade, Buterin said, "If we don't fix scaling before the next bull run, we know people are going to be stuck paying $500 transactions."
With a more mature Ethereum system on the horizon and its outsized impact on the blockchain ecosystem as a whole, this crypto titan is a solid choice for investors looking for long-term growth.
The trailblazing cryptocurrency known as Polkadot is earning attention among cryptocurrency enthusiasts, with its focus on connecting different blockchains. Funded and developed by the Web3 Foundation, Polkadot aims to revolutionize the web as we know it by creating a decentralized and interconnected ecosystem for the digital world.
The Web3 vision calls for various blockchain-based technologies to work together to move ownership away from central organizations and into the hands of content creators and consumers.
As of last December, around 550 Polkadot projects have been launched or are under development. The key innovation behind Polkadot lies in its ability to connect various blockchains and help them work together seamlessly. This allows developers to create applications that can interact with multiple blockchains, making collaborating and sharing resources easier between different projects.
The XCM communication standard at the heart of this interconnection effort was recently upgraded to version 3,making the Polkadot ecosystem even more decentralized and resilient.
Polkadot's parachains, or individual blockchains connected to the main network, provide a flexible and secure environment for projects to build upon. This cross-hatched network of blockchains enables a wide range of use cases, from decentralized finance (DeFi) to gaming, and helps drive the development of a more inclusive and accessible Web3 ecosystem.
As Polkadot grows and develops, it gets closer to realizing its vision of a connected, multichain future, making it easier for businesses to choose a Web3 platform without worrying about being locked into a single system. For everyday Web3 users, Polkadot promises a smoother experience by removing barriers between networks, ensuring that their data and assets can be used across blockchains.
Polkadot is an attractive investment opportunity for those looking to get in on the ground floor of the next generation of the web. Its innovative technology, dedication to a secure and connected Web3, and potential to reshape the internet as we know it make Polkadot a strong contender. In fact, I have recently converted most of my altcoin holdings into more Polkadot. This innovative crypto project is going places.
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2 Top Cryptocurrencies to Buy in April 2023 - The Motley Fool
Welcome to the crypto era: is cryptocurrencies time – Captain Altcoin
Home Journal Welcome to the crypto era: is cryptocurrencies time
The world of cryptocurrencies has ushered in a new era of financial freedom and independence, which has been dubbed the Bitcoin Era, just like one of the most popular crypto trading robots nowadays.
The beginning of the crypto business can be traced back to 2009 with the creation of Bitcoin.
Since then, many countries have embraced the crypto industry, with the United States, Japan, and South Korea being among the leaders.
Developers from all around the world are actively involved in the crypto space, with some of the most prominent being Satoshi Nakamoto (the creator of Bitcoin), Vitalik Buterin (the founder of Ethereum), and Charlie Lee (the creator of Litecoin).
Bitcoin was the first and most well-known cryptocurrency. An unknown individual or group using the pseudonym Satoshi Nakamoto created it in 2009.
Since then, hundreds of new cryptocurrencies have been created, with varying levels of popularity and safety.
These digital currencies are stored in a decentralized, encrypted ledger called the blockchain, which allows for secure, anonymous transactions without the need for intermediaries like banks or governments.
In addition to bitcoin, ethereum, litecoin and ripple are some of the most well-known cryptocurrencies.
With its advanced smart contract capabilities, Ethereum has secured its place as the second largest cryptocurrency in terms of market capitalization. The platforms ability to create decentralized applications, or DApps, has opened up new possibilities for developers and businesses looking to leverage blockchain technology for a range of purposes.
From creating innovative financial services to revolutionizing supply chain management, Ethereums smart contract capabilities offer a powerful toolset for those looking to build on the blockchain.
Dubbed the silver to Bitcoins gold, Litecoin has become a popular cryptocurrency for its impressive transaction speeds and lower fees. The cryptocurrency offers a range of advantages over Bitcoin, including faster block generation times, which allows for quicker transaction confirmations.
With its efficient and secure blockchain technology, Litecoin has attracted a loyal following of users and investors looking to capitalize on the benefits of this innovative digital asset.
Ripple, on the other hand, is designed for faster, cheaper cross-border payments.
While there are many cryptocurrencies available, its important to be cautious when investing in them. As, some newer, less established cryptocurrencies may be more susceptible to fraud or hacking.
When it comes to trading cryptocurrencies, understanding the world of cryptos and knowing the currencies is essential.
Cryptocurrencies have unique characteristics that differ from traditional assets, making them more challenging to understand and predict.
Therefore, it is best for traders to stay informed about market trends and news. Prices can fluctuate wildly based on news events, so keeping up-to-date is essential.
Users also need to diversify their portfolio and not put all your eggs in one basket. While Bitcoin may be the most well-known cryptocurrency, its significant to consider other options as well.
Another key strategy is to use a dollar-cost averaging approach, which involves investing a set amount of money at regular intervals, regardless of market fluctuations. This can help reduce the risk of buying in at a high price point and can also help to smooth out volatility over time.
Finally, you might want to keep your cryptocurrency secure. This means using strong passwords, two-factor authentication, and storing your coins in a hardware wallet rather than leaving them on an exchange or online wallet.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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Welcome to the crypto era: is cryptocurrencies time - Captain Altcoin
Shiba Inu Most Traded Asset on Top Exchange in India, Displaces … – The Crypto Basic
CoinSwitch, one of the largest exchanges in India, revealed that Shiba Inu was the most traded asset on its platform from April 15 to 20, towering over BTC.
Recent reports indicate that Shiba Inu has continued to attract a significant amount of attention from investors, with India being a particularly active market for the asset. In a noteworthy development, CoinSwitch, one of Indias largest exchanges, has reported that Shiba Inu was the most frequently traded asset on its platform during the previous week.
CoinSwitch made this disclosure through its official Twitter handle today, taking into account data from its trading volume between April 15 and 20. The list contains the top 5 traded assets on the platform within this period, with Shiba Inu securing top position. Bitcoin (BTC) comes second, while DOGE retains third position and ETH takes fifth.
The disclosure underscores the massive interest in Shiba Inu among investors in India. SHIB became increasingly popular in India two years back when Ethereum founder Vitalik Buterin donated 50 trillion Shiba Inu tokens to the Indian Covid-19 Relief Fund. The funds were valued at $1 billion at the time.
Following the exposure, Shiba Inu has become the go-to investment choice for most Indian crypto investors, commanding a large share of trade volume in the country. Besides last week, SHIB was also the top traded asset on CoinSwitch for three consecutive weeks from Feb. 25 to March 11. The asset has retained a position in the top 5 list every week since Feb. 5.
These reports from CoinSwitch follow a previous analysis shared by WazirX, another leading crypto exchange in India. WazirX disclosed in December 2022 that Shiba Inu was the most popular asset among first-time traders in India throughout 2022. SHIB was also the fifth most traded asset on WazirX in 2022.
In October 2022, reports revealed that Shiba Inu was the most traded asset in India within that period. Data from Nomics, a crypto market data provider, showed that SHIB was also the top traded token on three of Indias top exchanges: WazirX, ZebPay and CoinDCX.
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Shiba Inu Most Traded Asset on Top Exchange in India, Displaces ... - The Crypto Basic
Dogecoin: How Many Tokens Are There? – Watcher Guru
When it comes to understanding the value of digital assets, knowing their circulation supply is vital. Moreover, in the realm of meme coins, understanding Dogecoin (DOGE)and how many tokens there truly are becomes important in forming a better understanding of their various aspects.
As of December 2022, there were approximately 132 billion Dogecoin (DOGE) tokens in circulation. Subsequently, the original meme coin doesnt have a supply cap on the production of its tokens. Meaning, unlike an asset like Bitcoin and its 21 million coin limit, there is no ceiling on the amount of Dogecoin that can be minted and released.
In understanding Dogecoin (DOGE) and its circulating supply, it is first important to understand how the tokens are produced. Specifically, the token uses a proof-of-work (PoW) consensus mechanism, meaning that the tokens are minted and released through the mining process.
Miners utilize computers to solve rather complex math problems in order to validate blocks of transactions, thus generating new coins. Conversely, Dogecoin adds a new block to the chain every single minute of the day. Additionally, with 10,000 DOGE in every block, a rate of 1.44 million new Dogecoins are minted and released per day.
The market cap for Dogecoin currently sits at more than $11 billion. However, the continuous supply of the token contributes to its relatively low price. Currently, the asset is priced at $0.082, which is quite below its high of $0.74 in 2021.
Still, the low price remains a factor in the popularity of the meme coin because of the consistent creation of the digital asset. Conversely, the meme coins functionality was similar to that of other cryptocurrencies and was intended to be utilized as a form of payment. Conclusively, its theoretically endless supply has impacted the massive volatility of the asset.
Dogecoin is undoubtedly among the top 10 most popular digital assets on the market. However, its future remains uncertain for a wide array of reasons. Specifically, because of its combined circulating supply, lack of utility as a meme coin, and some controversy surrounding its PoW consensus mechanism.
The PoW model has been largely criticized for its massive energy consumption. Specifically, the average energy consumed in every Dogecoin transaction exceeds the energy present in a fully charged Tesla Model 3 battery, according to Nerd Wallet.
Conversely, the Dogecoin Foundation has announced a partnership in 2022 with Ethereum co-founder Vitalik Buterin. Moreover, the collaboration would transition the meme coin to a proof-of-stake operating system. A consensus mechanism following Ethereums transition, known as The Merge. Additionally, the development should benefit the energy usage of the meme coin, but its impact on price is unknown.
Additionally, Dogecoins future is tied to the presence of Elon Musk. The self-proclaimed Dogefather has maintained a close connection to the asset. Subsequently, potential integrations with his various service offerings could be important. Adding more uncertainty to the ceiling of the original meme coin.
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Polygon provides clarity on zkEVMs relevance; how did MATIC react to it – AMBCrypto News
Since the launch of Polygons [MATIC] much-awaited zkEVM mainnet, several questions have been raised regarding its equivalence to EVM. Interestingly, in a 19 April blog, Polygon addressed those concerns and presented its response.
Read Polygons [MATIC] Price Prediction 2023-24
According to Polygon, EVM-equivalence refers to a zkEVM that executes EVM bytecode directly. This suggests that zkEVM and EVM do not have an interface, such as a recompiler or LLVM.
The next concern was then, why not refer to Polygon zkEVM as a bytecode-compatible ZK rollup? In response to this, Polygon said,
Some ZK rollups may prefer this phrasing. But thats a stylistic decision, like capitalizing the word internet, not a substantive one.
According to Vitalik Buterin, EVM equivalence is about a few characteristics. They include support for all of EVMs opcodes and precompiled smart contracts as well as identical gas pricing as the EVM.
Luckily, Polygon zkEVM meets most of these standards. For instance, zkEVMs gas price is similar to EVMs, and it also supports all of EVMs opcodes.
However, zkEVM currently supports only five out of nine EVMs precompiled smart contracts. But Polygon mentioned that zkEVM will soon support the remaining four.
Though concerns regarding zkEVMs EVM-equivalence were addressed, the solutions output was not up to par. Dunes data revealed that though zkEVMs cumulative transactions continued to rise, its daily transactions declined. A similar trend was also registered in its number of users, as the metric plummeted quite significantly in April.
Is your portfolio green? Check the Polygon Profit Calculator
It should be noted here that the crypto market turned bearish on 19 April, causing prices to fall further. At press time, MATIC was down by nearly 7% in the last 24 hours and was trading at $1.09 with a market capitalization of over $10 billion.
The price drop caused a surge in negative sentiment around MATIC, something that was pretty evident from the weighted sentiment metrics readings.
In fact, MATICs exchange inflow also spiked considerably, suggesting an arrival of selling pressure, which could strengthen a downtrend.
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Polygon provides clarity on zkEVMs relevance; how did MATIC react to it - AMBCrypto News