In the midst of the broader market recovery, the XRP Ledger (XRPL) experienced a surge in network activity across various metrics. According to a recent report by Messari, active addresses and transactions on XRPL saw a significant increase. Active addresses rose by 37% quarter-over-quarter (QoQ), while transactions increased by a whopping 113% QoQ. This surge
XRP
Bitcoin’s price has been fluctuating in the past 24 hours, dropping below $67,000 multiple times but managing to react positively to each correction. Despite some temporary setbacks, the cryptocurrency now hovers around the $67,000 mark once again. Last week, Bitcoin experienced a brief drop to just over $61,000 due to some issues with Coinbase, but
Dogecoin has garnered significant attention and credibility due to Elon Musk’s public endorsement and support. The Tesla and SpaceX leader’s tweets and actions have had a positive impact on Dogecoin’s value and popularity, leading to substantial gains for investors. In contrast, Ripple lacks a similar influential figure to champion its cause, which could hinder its
The cryptocurrency market has been relatively stagnant, but today shows a glimmer of hope with Ethereum (ETH) trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Despite this short-term increase, senior market analyst Alex Kuptsikevich highlights Ethereum’s challenges. The ongoing consolidation near the lower end of its price range and a “death
Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, along with its subsidiaries and CEO, Brian Armstrong. The class-action lawsuit, filed on May 5, makes the bold claim that the digital assets offered on Coinbase are, in fact, securities. This includes well-known tokens such as Solana, Polygon, Near Protocol, and
While the recent correction in the cryptocurrency market has caused prices of various digital assets like Bitcoin and Ethereum to hit multi-month lows, XRP has managed to show resilience. Despite briefly dropping below $0.50, XRP has actually seen a 3% increase over the past two weeks based on CoinGecko’s data. This has led to analysts
Ripple recently announced a groundbreaking partnership with HashKey Group, aimed at introducing XRP Ledger (XRPL) enterprise solutions to the Japanese market. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, signifies a significant step towards revolutionizing supply chain finance solutions in Japan. The partnership will see the deployment of cutting-edge technology
After the recent halving event, Bitcoin experienced a dip to $62,500, causing concern among traders. While the price briefly surged above $67,000, it has since been fluctuating in the $63,000-$64,000 range and currently sits at $62,000. The market saw over $100 million in liquidations due to this downturn. Despite this, analysts are hopeful for a
Bitcoin Cash (BCH) has experienced a significant drop in price, decreasing by 20% over the last week to trade at $484. This decline mirrors the larger cryptocurrency market, with BCH appearing to track the movements of Bitcoin, the market leader. The recent sell-off in cryptocurrencies, including BCH and Bitcoin, was prompted by growing turmoil in
Ripple’s XRP recently experienced a significant drop of 20% following a market downturn that saw the global market capitalization of the cryptocurrency sector plummet to $2.4 trillion. This decline was felt by many long traders, resulting in multi-million liquidations. The price of XRP dropped to around $0.48 according to CoinGecko’s data, making it one of