ADA
Largest XRP Whale Holdings of XRP Ledger Native Token Reach New Record High of $29,561,070,000: Sentiment
Deep-pocketed holders of the XRP Ledger (XRPL) native token are rapidly accumulating the digital asset, according to blockchain analytics platform Santiment.
Santiment says that whales and sharks have been aggressively adding more XRP to their holdings during the past 11 months, reaching a record high of 51.59 billion tokens worth more than $29 billion.
“XRP has now climbed above $0.58 for the first time since the market-wide retrace back on April 12th. This rebound is supported by climbing levels of coin hodling from whales and sharks with 100,000-plus XRP coins. A noticeable turning point in supply accumulation began last August.”
XRP is trading for $0.57 at time of writing, down 8% in the last 24 hours.
Santiment also reports that Ethereum (ETH)-competitor Cardano (ADA) is one of the more bearish altcoin projects based on social media sentiment, which could signal a price reversal is coming.
“Trader sentiment is following the price action. With XRP making an emergence this week, bullish narratives have erupted. On the other end of the spectrum, Cardano is seeing the most bearishness in over a year. Counter-trading the crowd’s consensus could prove profitable.”
ADA is trading for $0.42 at time of writing, down 4% in the last 24 hours.
Lastly, Santiment warns that bullish sentiment on social media for both XRP and peer-to-peer payments network Litecoin (LTC) suggests price may be volatile in the near term.
“As crypto continues its amazing market-wide rebounds, keep a close eye on Litecoin and XRP, a couple coins getting high levels of fear of missing out (FOMO). These coins can continue to rise, but the crowd’s euphoria toward these assets could make them high risk, high reward investments this week.”
Litecoin is trading for $71.14 at time of writing, down nearly 2% in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
After the SEC vs. Ripple Lawsuit, XRP price has been moving sideways. Without volatility, investors will likely look for XRP rivals with higher growth potential, allowing them to turn their portfolios from $1,000 to $10,000. This article outlines six such cryptocurrencies.
6 XRP Rivals With Potential To Turn $1,000 to $10,000
Here are the 6 XRP Rivals with huge potential in the upcoming bull rally that could help investors grow their holdings.
- Solana (SOL)
- Polygon (MATIC)
- TRON (TRX)
- Stellar (XLM)
- Cardano (ADA)
- Toncoin (TOM)
Solana
Built using the Proof of History (PoH) technology, Solana can transfer 65,000 transactions per second (TPS). Although this altcoin saw a massive selloff after the FTX collapse, the comeback of SOL since 2023 is nothing short of a miracle.
The connection between Solana and FTX founder Sam Bankman Fried, which was the reason for Solana’s downfall, eventually became the reason for its success. As a result, SOL surged by 2,527% between late December 2022 and mid-March 2024. This historic rally could be the start, considering the recent near-six-month consolidation that SOL price has slipped into.
The bull flag continuation pattern forecasts a breakout from the sideways movement could propel SOL by 1127% to $1,348, making Solana a prime XRP rival.
Polygon
From its All-Time High (ATH) of $2.923, the Layer 2 token has plummeted 88%. Since March 2024, MATIC price has shed nearly 70% of its value. Due to this massive collapse in Polygon’s market value, investors can buy this top altcoin at a discount.
Additionally, data from Santiment shows Polygon’s on-chain activity has shown an incredible uptick in the past few weeks. The spike in network growth coupled with daily active addresses reveals an inflow of new investors, aka capital, and a resurgence in existing investors. This development suggests Polygon price is ready for a takeoff by ending its near-three-year old consolidation range.
TRON
TRON is another key cryptocurrency that has stolen the spotlight in recent days. This development can be attributed to the founder Justin Sun, who has triggered a meme coin migration frenzy from Solana to the TRON ecosystem via the SunPump platform.
This development has caused a massive uptick in TRON fundamentals, a key XRP rival. If such value accrual updates are consistent, TRX price could propel higher, allowing investors to turn their investment in TRX from $1,000 to $10,000.
TRON forms an Adam and Even pattern that forecasts a 62% rally in the near term to $0.1971. As mentioned above, TRX could rally much higher if this outlook continues.
Due to their strong fundamentals, these cryptocurrencies could turn $1,000 to $10,000.
Stellar
The key reason for this cryptocurrency being an XRP Rival is the involvement of an ex-Ripple employee developing the Steller blockchain, a competitor of Ripple. This altcoin has remained unfazed despite multiple bear markets and will likely explode on the news that XRP is not a security.
XLM price trades at $0.009, a much higher discount than its rival XRP, making it a good investment. The upcoming bull rally could propel XLM price to retest the ATH at $0.798.
Cardano
Cardano whales have been actively accumulating over the past mid-2022. Wallets holding between 100K to 1M and 1M to 10M ADA have increased their balance from 5.67B and 5.57B to 6.02B and 5.7B, respectively.
This massive scale of accumulation shows that whales are anticipating a surge in Cardano price in the near future. ADA being an XRP rival, therefore, makes a good investment that could help turn $1,000 to $10,000.
Toncoin
Toncoin is the recently launched meme coin on the Telegram-linked TON blockchain. This coin has witnessed massive volatility due to the connection with Telegram founder Pavel Durov’s arrest. Since this is a newly launched cryptocurrency and an XRP rival, it has a higher chance of soaring.
TON price hit an ATH of $8.28 on June 14 and shows that it could rally even higher, especially if Durov is released with a clean bill, allowing this XRP rival to shoot into the stratosphere.
All in all, SOL, MATIC, TRX, ADA, XLM, and TON are the 6 XRP rivals that show huge promise of helping investors turn their investment of $1,000 into $10,000.
Frequently Asked Questions (FAQs)
The 6 XRP rivals are Solana (SOL), Polygon (MATIC), TRON (TRX), Stellar (XLM), Cardano (ADA), and Toncoin (TON).
These cryptocurrencies have strong fundamentals, technical analysis, and on-chain data indicating a bright future, making them potential alternatives to XRP.
Solana (SOL) is expected to surge by 1127% and reach $1,348 based on the bull flag continuation pattern.
Toncoin’s connection to Telegram founder Pavel Durov and its recent volatility make it a potential candidate for a massive rally, especially if Durov is released with a clean bill.
Akash Girimath
Akash Girimath is an engineer at core, but is interested in the chaos of the financial markets. Akash is senior report and analyst who also trades cryptos on a regular basis and maintains a small crypto fund for friends and family.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Aug 17, 2024 19:17 UTC
| Updated:
Aug 17, 2024 at 19:17 UTC
The cryptocurrency market is witnessing a resurgence of optimism as Cardano (ADA) and Sui (SUI) approach the $1 mark. This surge in confidence among holders reflects broader market dynamics, where investor sentiment and network developments play crucial roles in price movements.
As ADA and SUI gain momentum, their potential rise could have significant implications for related projects, such as RCO Finance (RCOF).
Let’s delve into the factors driving renewed confidence in ADA and SUI and explore how RCO Finance could benefit from these trends.
Cardano’s Resilient Long-Term Investors Signal Stability Amid Market Challenges
On Wednesday, August 14, 2024, IntoTheBlock, reported that a core group of long-term investors in Cardano (ADA) remains steadfast, indicating that, despite the current challenging market conditions, there may still be significant growth potential for the cryptocurrency.
The firm highlighted that the number of unique addresses holding Cardano has stayed relatively stable, hovering around 4.45 million for over a year. This consistency suggests a period of stabilization after a sharp increase in address growth during the last bull market when Cardano’s price reached an all-time high of $3.10 in September 2021.
Meanwhile, Cardano has been on a negative trend recently. According to Coinmarketcap data, ADA is trading at $0.336, a 4.63% decline from last week.
Despite this negative trend, indicators imply that Cardano’s price might be set for additional gains. The Keltner Channels (KC) indicator indicates significant resistance at $0.35 and support at $0.28. Should the price surpass the upper KC band of $0.35, it could initiate a bullish trend, potentially driving the price as high as $0.45 in a few weeks.
Grayscale Adds Sui (SUI) to Its Portfolio, Highlighting Huge Potential
On August 7, 2024, Grayscale Investments, a leading crypto asset management firm, expanded its portfolio with the introduction of two new cryptocurrency investment trusts, one of which includes the addition of Sui (SUI) to its product lineup.
The newly launched Grayscale Sui Trust is specifically designed to invest in SUI, the native token of the Sui blockchain. Sui is a layer-1 blockchain that has garnered attention for its robust support of decentralized applications (dApps).
According to Coinmarketcap data, the value of SUI has increased slightly. SUI is currently up 9.40% from last week and is trading at $0.935.
Conversely, some experts are bullish about SUI due to the recent growth in its total value unlocked (TVL). With the growing interest, SUI’s price could surge to $1.10 in a few weeks.
RCO Finance’s AI and Blockchain Platform Rises in Popularity
RCO Finance is an emerging DeFi project that has rapidly ascended the ranks thanks to its goal of simplifying investment processes. Additionally, RCO Finance is gaining attention due to its innovative platform, which leverages AI and blockchain technology.
This blend of advanced technologies places RCO Finance ahead of its competitors, contributing to its rapid expansion.
In particular, AI provides RCO Finance with unparalleled automation, while blockchain ensures security, transparency, and seamless interoperability. However, the standout feature of RCO Finance is its AI-driven robo-advisor.
This robo advisor employs cutting-edge algorithms and machine learning, making it the first truly AI-powered trading tool in crypto.
Through the robo advisor, investors receive personalized, data-driven investment recommendations. Specifically, the RCO Finance robo-advisor evaluates an investor’s risk tolerance and financial objectives, aligns them with current market conditions, and suggests profitable investment opportunities.
This strategy helps investors avoid cognitive biases and the emotions of greed and fear, which often lead to losses.
Moreover, the RCO Finance robo advisor charges lower fees than traditional financial advisors, providing investors with affordable access to professional investment management tools.
The RCO Finance robo-advisor also offers complimentary tax and financial legal advice, helping investors optimize their strategies while staying compliant with regulations. These features have made RCOF, the native token of RCO Finance, a popular choice among ADA and SUI investors seeking to diversify their portfolios.
Buy RCOF Now And Enjoy Massive Profits
RCOF serves as the native token of the RCO Finance protocol, with a total supply of 800 million tokens. Of this, 50% is designated for public sale, 20% for ecosystem development, and 12% for liquidity and market-making.
Additionally, 5% of RCOF’s supply is allocated for private sales and marketing each, while the team and advisors receive 4% and 2%, respectively. The remaining 2% is set aside for ecosystem rewards.
RCOF tokens are currently available for purchase through the official website during the ongoing presale, which is now in Stage 2. The token is priced at $0.0344 during this stage.
Investors who purchase RCOF during Stage 2 could potentially see significant returns. The token is expected to launch at $0.40, offering a potential gain of 1,066%. In contrast to tokens like SUI and ADA, which have seen price declines, RCOF presents a compelling opportunity for value preservation.
Beyond potential gains, holding RCOF also comes with additional benefits, including voting rights on governance proposals and substantial discounts on trading fees.
Token holders can further benefit by staking their RCOF tokens, earning up to 88% APY. Additionally, depending on the tokens held, they can receive a share of the platform’s revenues as dividends, ranging from 1% to 6%.
Investing in RCO Finance allows you to join other savvy investors in expanding your crypto portfolio, even in a broader market downturn.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Clark
Head of the technology.
#Press Release
This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.
Source link
Aug 13, 2024 21:41 UTC
| Updated:
Aug 13, 2024 at 21:41 UTC
Cardano (ADA) is set to embrace the Chang hard fork, marking one of its most significant upgrades. Recent developments suggest that the launch may occur sooner than anticipated. This moment is crucial for Cardano and could influence the broader altcoin landscape.
As the blockchain prepares for the Chang hard fork, there’s a tangible buzz about its potential advantages to the altcoin sector, especially for projects like RCO Finance (RCOF).
The Chang Hard Fork: Cardano (ADA) ‘s Leap Towards Decentralization
Though delayed, Cardano’s highly anticipated Chang hard fork signifies a major milestone, emphasizing community governance and decentralization. With over 72% of SPOs ready, this upgrade aims to shift control from the development firm to ADA holders.
The new fork aims to slowly but surely improve Cardano’s scalability and efficiency, hence increasing the value of ADA. This happened with all previous improvements, so now nothing but positive market sentiment is expected. We hope ADA breaks above $0.50 soon.
Impact on the Altcoin Sector
The implications of the Chang hard fork extend beyond Cardano (ADA). As one of the largest altcoins by market cap, Cardano’s improvements could create a ripple effect across the altcoin sector. A successful upgrade may reignite investor interest, leading to increased trading volumes and price growth.
One project likely to gain from this upgrade is RCO Finance (RCOF). Positioned as a promising altcoin, RCOF aims to meet the rising demand for decentralized finance (DeFi) solutions. With Cardano’s improved infrastructure, demand for advanced DeFI systems like RCOF will rise.
The RCO Finance (RCOF) Charm: AI-Powered Trading
With attractive artificial intelligence-powered decentralized finance features, RCO Finance (RCOF) will take advantage of the altcoin surge driven by Cardano’s upgrade. Advanced crypto AI analysis is at the core of this platform, focusing on tailoring users’ investment plans with a real-time market view.
RCO Finance provides a ChatGPT-like robo advisor that utilizes advanced algorithms and machine learning to analyze market trends, offering actionable insights for traders. This technology simplifies complex market analysis, allowing beginners and intermediate traders to approach the market confidently.
The robo advisor excels at accurately identifying market trends, providing real-time forecasts and effective trading strategies.
Users can harness collective insights to diversify their portfolios based on personal financial goals and risk tolerance. This helps minimize human error and bias, enhances trading outcomes, and saves time.
RCOF’s Deeper Value: Features Beyond the AI
While RCO Finance’s (RCOF) advanced AI-powered trading capabilities are undoubtedly a major draw for investors, the platform offers a range of additional features that add to its long-term appeal and value proposition.
With over 120,000 tradable assets across all asset classes, including stocks, bonds, commodities, and derivatives straddling, RCO Finance makes it easy for traders to diversify their respective investment portfolios. Backed by leverage options of up to 1000x in some trades, traders could multiply their returns.
Beyond trading, RCO Finance supports DeFi lending and borrowing of digital assets through decentralized protocols. This allows users to earn passive income by providing liquidity while accessing borrowing options. Users can conveniently manage their funds with an internationally available debit card at no cost.
For RCOF token holders, transaction fees are reduced by up to 40%, with benefits increasing as the community grows. Token stakers receive quarterly dividends, creating a passive income stream, and the platform also offers exclusive bonuses to encourage engagement within the RCOF ecosystem.
To ensure the security and integrity of the RCOF altcoins, the smart contracts have undergone an independent audit by SolidProof, a global leader in blockchain security.
Invest in the RCOF Presale for Over 20x ROI
The current presale for the RCOF token offers an interesting opportunity for investors looking to engage with the RCO Finance platform.
With the token priced at $0.0343, there’s potential for significant returns if the altcoin market surges. An estimated listing price is projected between $0.4 and $0.6. This could mean a $100 investment might grow to over $2,000 when the token becomes available on exchanges.
Moreover, holding RCOF tokens may provide passive income, access to priority customer support, governance rights, and tiered rewards. With anticipated enhancements to the Cardano network, interest in RCOF tokens could increase, making this presale a noteworthy consideration for those interested in exploring the altcoin space.
For more information about the RCO Finance (RCOF) Presale:
Join The RCO Finance Community
Clark
Head of the technology.
#Press Release
This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.
Source link
AAVE jumps 11% fueled by heightened whale activity
Judge Torres Issues Order To Hold $125M Penalty On Appeal
Robinhood Settles with California for $3.9 Million Over Crypto Withdrawal Violations
U.S. Spot Bitcoin ETFs See Record $287 Million in Outflows, Except BlackRock
Near Protocol’s X page hacked, again
Chainlink, DexSceener, Metamask Support ADA, Cardano Price Eyes 28% Gains
Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
Choose Privacy
Best crypto staking platforms
Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Upgrade
Is SEC Planning More Crypto Crackdowns In September? Legal Officer Warns
Coinbase CFO Says Kamala Harris Campaign Accepts Crypto Donations: Fortune
Trump’s lead over Harris is growing
Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield
Pepe Coin Whale Bags 9 Tln Coins, PEPE Price Breakout Ahead?
How Web3 can prevent Hollywood strikes
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
German Government Sill Holds 39,826 BTC, Blockchain Data Show
House to revisit crypto regulation bill vetoed by Biden
'Asia's MicroStrategy' Metaplanet Buys Another ¥400 Million Worth of Bitcoin
NEAR Foundation And Eigen Labs Team Up To Improve Web3 Transactions On Ethereum Rollups
Record-Breaking GBTC Outflows Send Bitcoin Down 14% To $62,000
LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs
Worldwide Digital Asset-Based ETP AUM Remains 53% Ahead YTD Despite Quarterly Drop – Blockchain News, Opinion, TV and Jobs
Live Launch Episode 1- Coming Soon
Bitcoin's Role In Defending Democracy In Nicaragua With Félix Maradiaga
Crypto Whale Withdraws $75.8 Million in USDC From Coinbase To Invest In Ethereum’s Biggest Presale – Blockchain News, Opinion, TV and Jobs
Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases
SEC vs Service Provider Developments Keeps Market Volatility Up – Blockchain News, Opinion, TV and Jobs
Republican National Committee pledges to ‘defend the right to mine Bitcoin’
Blockchain1 year agoHow Web3 can prevent Hollywood strikes
crypto1 year agoXRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
Markets2 months agoGerman Government Sill Holds 39,826 BTC, Blockchain Data Show
cryptocurrency2 months agoHouse to revisit crypto regulation bill vetoed by Biden
business2 months ago'Asia's MicroStrategy' Metaplanet Buys Another ¥400 Million Worth of Bitcoin
crypto10 months agoNEAR Foundation And Eigen Labs Team Up To Improve Web3 Transactions On Ethereum Rollups
Bitcoin6 months agoRecord-Breaking GBTC Outflows Send Bitcoin Down 14% To $62,000
Blockchain12 months agoLeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs
✓ Share: