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XRP and Solana Gain Ground as Institutional Investors Shift Altcoin Preferences and Turn Away from Ethereum
Sep 25, 2024
XRP, Solana, Bitcoin and Litecoin see inflows from investors, while Ethereum continued its outflow trend. Digital asset investment products saw inflows of $321 million last week. This marks the second consecutive week of positive flows. The trend reflects strong investment interest, particularly in the United States. The Federal Open Market Committee's decision to cut interest rates by 50 basis points fueled this interest. As a result, crypto fund assets under management grew by 9%. Bitcoin led with $284 million in inflows. Notably, short Bitcoin products attracted $5.1 million, this suggests some investors are hedging against potential downside risks. Ethereum continued its outflow trend for a fifth consecutive week. Outflows totaled $28.5 million last week. The Grayscale Ethereum Trust largely drove this trend. Month-to-date outflows for Ethereum now stand at $145.7 million. XRP saw inflows of $0.1 million, this coincided with the launch of Grayscale's XRP trust. Solana maintained its appeal with $3.2 million in inflows. Litecoin also saw modest inflows of $0.1 million. Multi-asset investment products attracted $54.2 million, this effectively offset Ethereum's outflows. Cardano-based products, however, experienced $0.2 million in outflows. The crypto industry appears to be entering a bullish phase, recent multi-month corrections seem to be ending. Bitcoin, supported by key on-chain metrics, looks primed for a bull run. The prospect of further Fed interest rate cuts adds to this optimism. Institutional interest is crucial for the upcoming bull run. Large inflows from these investors will likely boost Bitcoin's price. This could lead to corresponding inflows into altcoins, and Ethereum may finally start attracting institutional inflows in the coming weeks. The diverse trends among altcoins highlight the varying strategies employed by institutional investors. As the market evolves, these preferences may continue to shift, reflecting the dynamic nature of the cryptocurrency landscape.
XRP Immune to Crypto Hype, Ready for Bull Run, Expert Claims
Sep 13, 2024
XRP's value remains robust, it's free from speculative pressures. That's what one market expert claims. Most digital assets have bubble traits, their value stability is uncertain. But XRP might be different. Crypto enthusiast SMQKE weighed in recently. He highlighted XRP's durability. SMQKE shared a document to back his claims. It stated: "Macroeconomic and financial developments did not significantly affect XRP's value. Bitcoin price changes didn't influence XRP." The document also mentioned a study, that found bubbles in Bitcoin and Ethereum. Meanwhile XRP showed no bubble. What's a speculative bubble? It's when prices are driven by hype, rather than by fundamental worth. SMQKE dropped a bombshell. He said Bitcoin and Ethereum have been in a bubble since 2017. He blamed price manipulation and dodgy centralized strategies. XRP's different, apparently. Its value isn't speculative, and SMQKE credits "technological security" for this. What does this mean? XRP's price can't be hyped up like other cryptos. Its value comes from real-world use. Think cross-border transactions and institutional finance. SMQKE's not done yet. He also claims Bitcoin and Ethereum aren't as decentralized as people think. This, he says, makes XRP even more solid. But wait, there's more. Some analysts are bullish on XRP. Crypto expert Pharaoh predicts a 2017-style breakout this year. Pharaoh's logic? It's all about Bitcoin halving. Eight months after the 2016 halving, XRP soared. He thinks history might repeat itself. There's a catch, though. Pharaoh says XRP needs to clear its legal hurdles first, because Ripple's ongoing lawsuit with the SEC is a big deal. If that gets sorted, Pharaoh's optimistic. He sees "tons of fundamental and technical momentum" for XRP in 2025. So, is XRP really bubble-proof? Or is this just clever marketing? The jury's still out. But one thing's for sure – XRP's got people talking.
Ripple Adds Ethereum-Compatible Smart Contracts to XRP Ledger
Sep 03, 2024
Ripple is set to add smart contracts to the XRP Ledger (XRPL) developer ecosystem. The move is supposed to attract developers and expand XRPL's capabilities. So it's a big change, many developers were eagerly waiting for. Smart contracts are coming to XRPL's Ethereum Virtual Machine (EVM) sidechain "in the coming months". Ripple says this will open up new use cases for users, builders, and entrepreneurs. It's a smart play to lure more developers to the platform. The company also plans to bring smart contracts to the XRPL mainnet. But that's still in the research phase. No specific timeline has been given for this deployment. Smart contracts are self-executing agreements stored on the blockchain. They automatically progress when certain conditions are met. These contracts handle transactions without middlemen. The applications of smart contracts are wide-ranging. They're used in decentralized finance (DeFi) and supply chains. Popular blockchain platforms like Ethereum and Solana already use them for decentralized applications (DApps). Ripple is keen to work with DeFi developers. They want community input on design specifics. The company is inviting programmers familiar with EVM languages to explore possibilities on its sidechain. The sidechain was built for developers using Ethereum-based smart contracts. It provides a familiar environment for deploying DApps. Developers can use Solidity, a programming language for Ethereum smart contracts. Ripple developed the sidechain with blockchain firm Peersyst. The company believes this will make the blockchain more appealing to developers. It's a no-brainer, really. "This sidechain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP community," Ripple stated. It allows developers to use familiar tools and programming languages. This move could broaden XRPL's appeal to developers globally. Ripple plans to keep pushing forward. The company aims to add smart contracts to the mainnet by 2025. It's all part of their grand plan to increase XRPL's programmability. Let's see if it pays off.
XRP Nears Dollar Mark, Investors Eye New Crypto Mpeppe
Sep 02, 2024
Ripple's XRP is inching towards $1. This milestone has reignited investor interest. Many are now exploring fresh opportunities. One catching eyes is the new ICO, Mpeppe (MPEPE). XRP's journey hasn't been smooth sailing. It's faced regulatory hurdles and market swings. But the token's shown grit. Now it's on the cusp of breaking $1 - a key psychological barrier. Market guru Moonshilla is bullish on XRP. They've spotted some juicy chart patterns. There's a "symbiotic triangle" formed over six years. Plus, a triple-bottom pattern. Both hint at a potential upswing. As XRP climbs, investors aren't just sitting pretty. They're hunting for the next big thing. Enter Mpeppe. Mpeppe isn't your run-of-the-mill crypto. It's a mashup of memecoin fun and real-world use. The ICO price is tempting for both small fry and whales. What's the fuss about? Mpeppe's zeroing in on online gaming and gambling. These sectors are going gaga for blockchain. Mpeppe aims to bring transparency and security to the table. Talk about perfect timing. XRP's rise has the whole crypto market feeling frisky. Investors are in a gambling mood. They're eyeing new projects with moon potential. Mpeppe fits the bill. Why are folks jumping on the Mpeppe bandwagon? A few reasons: cheap entry price, booming market in online gaming, cutting-edge blockchain tech, rabid community support. As XRP edges towards $1, it's sending ripples across crypto (pun intended). Mpeppe's riding this wave. It's serving up a tasty cocktail of low price, new tech, and market relevance. For XRP fans, Mpeppe could be the next play. It's a shot at diversifying into a project with 1000x potential. The combo of solid foundations and strategic positioning makes it one to watch. The crypto market's a goldmine of opportunities. But timing is key. As XRP flirts with $1, savvy investors are already scoping out the next big thing. Mpeppe (MPEPE) could be it. It's got a unique blend of innovation and market potential. With its promising ICO and XRP's rally fueling the fire, Mpeppe's set to turn heads. Whether you're a crypto veteran or a newbie, it's worth a look. It could be your ticket to ride the wave XRP's kicked off.
XRP Holds Unique Position in the Market and Is Set to Grow, Says Crypto Expert
Aug 22, 2024
A prominent crypto commentator has made waves. He claims XRP is one-of-a-kind. "There will never be another XRP," he stated. This comes after new details emerged about Ripple's business dealings. Court documents show Ripple's extensive network. The firm has over 1,700 contracts related to XRP. These agreements are with various financial companies. The SEC vs. Ripple case first revealed this information. It's now resurfaced, catching the crypto community's attention. XRP supporters are feeling pretty chuffed about it. They reckon these contracts show Ripple's grand plan. The goal? To weave XRP into the fabric of global finance. Many agreements have NDAs attached. This suggests some big players might be involved. The crypto expert's comments highlight XRP's unique role. Its adoption in financial services sets it apart from other digital assets. A closer look at the court docs reveals more. The 1,700 contracts fall into four main buckets. Some involve direct XRP transfers. Others let partners sell XRP for Ripple. There are also deals where Ripple pays for services with XRP. The rest? A mixed bag that doesn't fit the other categories. Alan Schwartz, a Yale law prof, broke this down for the court. Ripple backed his analysis in their fight against the SEC. Schwartz argued these deals don't tick the boxes for an investment contract. The SEC tried to toss out Schwartz's observations. They claimed he was off the mark. But the court wasn't having it. They let his testimony stand. This whole saga has got the crypto world buzzing. Is XRP really in a league of its own? Only time will tell. But one thing's for sure – Ripple's not messing around when it comes to getting XRP out there.

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