Day: March 22, 2024

Halving Sparks XRP Frenzy: Analyst Predicts 100% Surge

XRP has experienced a notable price increase, reaching a brief high of $0.62 before settling at its current level of $0.61, as reported by CoinGecko. This surge comes amidst growing speculations surrounding the upcoming Bitcoin halving event and its potential impact on the cryptocurrency market. Potential Growth For XRP Post-Bitcoin Halving Market analysts have been closely monitoring the price movements of XRP, despite the looming uncertainties posed by the ongoing Ripple lawsuit against the United States Securities and Exchange Commission (SEC). These analysts predict sustained growth for XRP against Bitcoin,…

RSR token soars by 30% to new price heights

The Reserve Rights (RSR) token has surged by 30% in the last 24 hours, setting it apart as one of the standout performers in the cryptocurrency market. As per data by CoinMarketcap, on March 22, the token’s value reached $0.0096, marking its highest level since 2022. RSR 24-hour price chart | Source: CoinMarketCap The surge occurs at a time marked by a general downturn in the market, with major cryptocurrencies such as Bitcoin, Ethereum, and Ripple experiencing declines. Reserve Rights is a blockchain initiative aimed at creating a stable, inflation-resistant…

Investors eye XRP, DOGE, and InQubeta as Bitcoin halving nears

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the Bitcoin halving approaches, altcoins like Ripple (XRP), Dogecoin (DOGE), and InQubeta (QUBE) gain investor interest, each with its unique appeal in cross-border payments, memes, and AI, respectively. The Bitcoin (BTC) halving is the most anticipated event this year and it is only a few weeks away. With the crypto scene buzzing with excitement, altcoins investors should position themselves ahead of the BTC halving are Ripple (XRP), Dogecoin…

AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

FTM Has Surged Nearly 200% in 30 Days as Fantom’s Sonic Upgrade Looms

“Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT). The enhanced throughput and efficiency enable smoother operation of DeFi platforms, richer gaming experiences, efficient handling of microtransactions, and secure IoT data exchanges,” Reflexivity Research said in a report published last month. Source

Stablecoins Steal The Spotlight With $150 Billion Market Cap

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Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the stablecoin sector, with implications for the broader cryptocurrency ecosystem. Market Dynamics And Growth Factors Stablecoins are digital assets designed to maintain a stable value by pegging their price to a reserve asset, such as the US dollar or other fiat currencies. They serve as a crucial bridge between traditional finance and the crypto space, offering stability and liquidity for users…

Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development

On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional support from entities like Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others. Succinct Labs Nets $55M […] Source CryptoX Portal

Bitcoin (BTC) Remains Overbought Into the Halving Despite Recent Correction, JPMorgan Says

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“There remains considerable optimism in the market over the prospect for prices rising significantly by year-end, with a significant component of that optimism arising from a view that bitcoin demand via spot exchange-traded funds (ETFs) would continue at the same pace even as the supply of bitcoin diminishes after the halving event,” analysts led by Nikolaos Panigirtzoglou wrote. Original

Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak

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Despite a continuous four-day streak of net outflows from Bitcoin spot exchange-traded funds (ETFs) totaling $93.85 million, the Bitcoin price has impressively climbed to reclaim the $66,000 mark. According to data from Farside Investors, Grayscale ETF GBTC experienced a significant outflow yesterday, with a single-day net outflow of $358 million, culminating in a historical net outflow of $13.63 billion for GBTC alone. In stark contrast, the BlackRock Bitcoin spot ETF (IBIT) witnessed a considerable net inflow of $233 million yesterday, raising IBIT’s total net inflow to $13.32 billion. This is…