According to well-known XRP owner Egrag Crypto, the token could reach $6.24 in 2024. This means that the cryptocurrency will increase by 836% compared to yesterday's price. Egrag also expects XRP to see a whopping 3,581% increase between 2024 and 2025, which will take the altcoin price to $26. Considering that XRP is currently hovering around $0.6, the mood is most optimistic. Meanwhile, token supporter Ripple's forecast was based on XRP forming a bullish flag. This is a figure formed by two rises and separated by a correction.
In the current market cycle, XRP reaching such heights may seem impossible, but in a full-blown bull market it is not impossible. Egrag's decision to set the likely time frame to 2024 and 2025 could be linked to the Bitcoin halving, which is causing a rally in BTC and altcoins. However, as it stands now, XRP may need more than just a burst of accumulation to get close to or reach the aforementioned price target. One factor that could play a determining role is the outcome of Ripple's long-standing case with the US Securities and Exchange Commission.
Since November, Russia began supplying electricity to Abkhazia on a commercial basis. Against this background, the operational headquarters to combat cryptocurrency mining has resumed work in Sukhum, local media reports. The head of the capital, Beslan, Eshba stressed that the authorities will tighten their approach to the illegal extraction of digital assets - the equipment will not only be confiscated, but also immediately disposed of.
According to the head of the Internal Affairs Directorate for Sukhum, Astamur Khagush, the fight against mining did not stop. In total, 1,112 apartments, 712 households, and 405 basements were subject to inspections. The head of the Energosbyt department of SUES, Dzhambulat Arshba, noted that the number of electricity consumption meters by the end of the year will be about 13,000. This will allow reaching over 50% of subscribers, the specialist specified. Let us remind you that in 2022, the territory’s authorities approved special tariffs for miners, despite the current ban on cryptocurrency mining.
Sushi will test its own DeFi Bitcoin swaps DEX Sushi announced a partnership with interoperability-focused platform ZetaChain.
It is expected that the integration will allow exchange users to exchange their bitcoins across 30 networks. ZetaChain operates as a layer 1 blockchain and developer platform. The protocol enables “cost-effective, efficient and secure” cross-chain transactions through support for Omnichain smart contracts.
One of the features of ZetaChain is support for the ZRC-20 standard. The solution is essentially an enhanced version of ERC-20, allowing input/output of various assets across multiple interconnected networks.
Happycoin - 2023 has been quite a bad year for the meme cryptocurrency Shiba Inu (SHIB). Despite the launch of Shibarium's second-tier network, SHIB's price has not received much price momentum. Since January this year, SHIB is up just 8%, while Bitcoin (BTC) is up over 100% and Solana (SOL) is up over 400%. However, supporters and investors hope that Shiba Inu will one day reach the $1 mark. However, this path will be truly difficult. For the current price of the meme token, reaching a price of $1 would represent an increase of approximately 11,350,637% (11.3 million percent). If SHIB reaches $1, its market capitalization will be $589 trillion since the coin supply is 589 trillion tokens. And while SHIB had previously seen gains of millions of percentage points, the previous surge preceded a massive burn undertaken by Ethereum (ETH) co-founder Vitalik Buterin. It received half of the SHIB issuance at launch and decided to burn 90% of the amount received. A significant reduction in the supply of SHIB contributed to the colossal increase in the price of the token.
On November 17, approximately $9 million from decentralized derivatives exchange dYdX's insurance fund was used to cover liquidations of user positions in the Yearn Finance (YFI) token market. #YFI
Today we will look at 10 potential crypto coins on our market. Not investment advice. All information about coins can be found in various sources. And so off we went:
Solana (SOL) – ultra-efficient cryptocurrency
Polkadot (DOT) is a very useful cryptocurrency
ChainLink – Cryptocurrency using innovative technologies
Uniswap (UNI) is a highly scalable cryptocurrency
Cardano (ADA) – a cryptocurrency with high liquidity
Ripple (XRP) is a highly stable cryptocurrency
Decentraland (MANA) is the leading cryptocurrency in blockchain games
Polymath (POLY) - Security Cryptocurrency
VeChain (VET) is a cryptocurrency with high potential
Top 3 altcoins from which investors expect growth. And so off we went: 1. Virtua (TVK) is the cryptocurrency of the gamified metaverse. The project, which was launched in 2017, has managed to conclude several major partnerships. For example, the platform cooperates with Legendary Entertainment and Paramount Pictures.
The TVK cryptocurrency was launched in December 2021. The coin is currently trading 97% below its peak.
2. DORK (DORK) - “cryptocurrency of losers.” The developers are positioning the coin as a way to “break the system” and finally make money on investments in memcoins. At the time of writing, the cryptocurrency is trading 75% below its high.
3. Kaspa (KAS) - Proof-of-Work (PoW) cryptocurrency with an unusual block formation structure. The developers promise users security while maintaining very high network speeds. As of the time of writing the review, the coin is trading 61% cheaper than the maximum. #TVK #dork #kaspa #top3 #вопросответ
Gala has entered into a strategic partnership with DWF Labs. The partnership aims to expand GalaChain. Gala is a comprehensive NFT gaming platform that runs on both the Ethereum and BSC networks. The platform includes a blockchain gaming ecosystem that aims to allow users to not only play, but also trade NFTs and participate in governance.
The Gala ecosystem includes two main products: Gala Store and Gala Games. While the Gala Store makes it easy to use GALA tokens to purchase in-game items and NFTs, Gala Games offers a platform for access to a series of blockchain games, including access to the flagship release "Town Star". Central to the network's operation is the Triple Proof Node system, based on a hybrid consensus mechanism that combines Proof-of-Work (PoW), Proof-of-Stake (PoS) and proof-of-storage. (Proof-of-Storage). The system works through three types of nodes: founder nodes, paid nodes and free nodes. #GALA #вопросответ #NFT
Beginning traders quite often hear such an expression as “Airdrop” and wonder - what kind of word is this and what is the meaning? Now we will analyze this.
Cryptocurrency airdrop is a marketing strategy for promoting crypto projects and new tokens of certain cryptocurrency startups. It consists of free distribution of native cryptocurrency to “old” or new users. To receive a prize, sometimes users need to perform simple actions, for example, subscribe to the project’s account on a social network and repost its publications. And so, what kind of word did you recognize, now the question remains: where to look for it?
The easiest way to search for airdrops is through data aggregator platforms. You can also track information about the distribution of cryptocurrencies on popular crypto platforms, for example, our Binance platform. Another option is to track airdrops through Launchpad platforms. Binance, among others, has such a platform. #airdrop #binance #Launchpad #вопросответ
Binance is the world's largest cryptocurrency exchange by trading volume. It is known to a wide range of users as one of the few ways to buy cryptocurrency and stablecoins, including for rubles. Moreover, Binance is an entire ecosystem with spot and P2P wallets, isolated and cross-margin trading, a token launch platform, and an academy. What you need to know about Binance. The company positions itself as a leading blockchain ecosystem, including a digital asset exchange. #BinanceNews #Binance #вопросответ #начинающийтрейдер
Trust Wallet introduced Wallet as a Service (WaaS). The new service aims to unlock the potential of Web3 for businesses and their users around the world. WaaS is designed to provide decentralized services to every business, further expanding the capabilities of the Trust Wallet platform.
Avalanche will discuss the development of the project with the community on November 9 at 17:00 UTC. The agenda includes a discussion of the ACP-13 proposal, which concerns the introduction of validators operating only within certain subnets, the latest news about the release of Cortina 15 and further developments within the HyperSDK, a toolkit designed to speed up the creation and integration of decentralized applications based on Avalanche. #AVAX #Avalanche 011116804561
Solana is a blockchain network that provides fast transactions and high throughput to drive mass adoption of cryptocurrencies and blockchain. It uses innovative solutions to increase speed, including Proof of History (PoH) and parallel transaction processing. To pay transaction fees and work with smart contracts, users can use SOL, the native token of Solana.