What Is XRP (Ripple)? - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Source: Sam Cooling x XreschA vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk.In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version 0.2.15 of the Vyper programming language have been exploited due to “a malfunctioning reentrancy lock.”“We are assessing the situation and will update the community as things develop,” the team added.In a follow-up tweet on Monday, the Curve team listed all pools that have been hacked so far as result of the vulnerability.It also warned users to withdraw all funds held in the Arbitrum Tricrypto pool, which holds USDT, WBTC and ETH tokens.As of now, as much as $100 million worth of crypto remains at risk in the mentioned Curve pools, representing a significant risk for the entire protocol’s reputation.Curve Finance, which is a decentralized exchange (DEX) for stablecoins that uses the automated market maker (AMM) model to manage liquidity, has traditionally been seen as one of the most solid projects in crypto.CRV token plummetsFollowing the recent events, however, the price of Curve Finance’s native CRV token has plummeted in the market.As of press time on Monday, the token was down 12% for the past 24 hours alone, and down more than 15% for the past 7 days.Over the past 12 months, the CRV token has lost more than half of its value, while other major cryptoassts like Bitcoin (BTC) and Ether (ETH) have risen in price.CRV token price past 30 days. Source: CoinGeckoThe vulnerability pointed to by Curve is the same type of vulnerability as DeFi protocols Era Lend and Conic Finance said was responsible for draining funds from them last week.Already, a white hat hacker has recovered 2,870 ETH, worth around $5.4 million, to Curve Finance following the recent hacking incidents.More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Over half of the validator nodes can be acquired by businesses with significant computational power, which in return will pose major security risks to Ethereum. A decentralized blockchain cannot contain centralized points of failure. Because of this, the creators of Ethereum have decided to switch to a different consensus algorithm, called PoS. What Is XRP (Ripple)?Metrics from Artemis, an on-chain data provider, reveal a significant disparity between Polygon zkEVM’s 6,210 active addresses compared to StarkNet’s 154,390 and zkSync ERA’s 239,810. A similar discrepancy exists when analyzing the number of daily transactions, with Polygon’s zero-knowledge rollup also trailing competitors. “Games where money dictates outcome always scare me with crypto,” he says, “because crypto will take advantage of that. Just inherently, I think it does.”'Pirate Nation' Studio Raises $33 Million to Build Fully On-Chain Games

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Still, the functionality of cryptocurrencies extends beyond only donations. As seen in the recent Israel-Palestine conflict, Bitcoin’s price remained stable despite the geopolitical unrest, unlike traditional commodities like gold and oil that reacted sharply. In my view, it can create a better, more sustainable product for viewers and sponsors by broadening participation beyond the elite level, he told Web3 Gamer. Best Crypto to Buy Now 15 June-Trust Wallet, Uniswap, CasperIn what is seen as an attempt to assuage skeptics, Mangudya said the RBZ has enlisted the services of external auditors to “validate the availability and adequacy of gold to ZIG at any given time.” However, the central bank’s statement does not reveal the names of the auditors.BAPE Bets on Virtual Pet Nostalgia With Tamagotchi Streetwear Collab In the volatile world of cryptocurrency, Ripple's (XRP/USD) price stands out, with its daily trading volume now exceeding $500 million. Despite recent bearish sentiments, the surge has ignited speculation: Could XRP be on the brink of a rebound? Let's dive into the data and technical indicators to uncover the XRP price prediction.XRP Price UpdateRipple's XRP has been under the spotlight recently, and the latest data suggests there might be a light at the end of the tunnel for its investors. As of October 7, the price of XRP stands at $0.52255. This relatively modest figure belies a noteworthy 24-hour trading volume surge that has crossed the $500 million mark, specifically landing at $574,496,492. This movement has resulted in a 0.50% increase in its value over the same time frame. As per CoinMarketCap, XRP's current standing is at rank #5, with its market capitalization valued at approximately $27.9 billion. The cryptocurrency has a circulating supply of 53.39 billion XRP coins, with its maximum supply capped at 100 billion coins.For those closely watching the crypto market trends, be sure to check out our recent article on Bitcoin price prediction. Get the latest insights on BTC's potential trajectory.XRP Price Prediction From a technical standpoint, based on a 4-hour timeframe, the pivot point for XRP/USD is currently at $0.5170. Key Trading Levels: It faces immediate resistance at $0.5295, with further resistance points lying at $0.5399 and $0.5489. On the flip side, XRP has immediate support at $0.5055, followed by additional supports at $0.4949 and $0.4864.Key Technical Indicators: Diving into the technical indicators, the Relative Strength Index (RSI) is presently positioned at 48. An RSI value below 50 typically signifies a bearish sentiment, whereas above 50 it indicates bullish momentum. In XRP's case, the RSI is slightly leaning towards the bearish sentiment but is tantalizingly close to that midpoint that could tip it either way.50 EMA Suggest Buying: The 50-day Exponential Moving Average (EMA) for XRP is at $0.5200. The asset's price hovers around this mark, which makes it a pivotal point to observe. If the price remains above the 50 EMA, it could be indicative of a short-term bullish trend, while a dip below might suggest a bearish stance.XRP Price Prediction - Source: TradingviewLooking at the chart patterns, XRP has charted an upward channel on its 4-hour timeframe, a positive sign for potential buyers. This channel suggests an ongoing bullish sentiment, and this view is further cemented by the 50 EMA (coloured in blue), which supports the chances of a bullish trend continuation at the $0.5200 level. However, any bearish crossover below this EMA could pave the way for a selling trend.In conclusion, while XRP's short-term future seems to be hinged on the pivotal $0.5200 mark, the overall sentiment leans bullish above this price point. With the ongoing developments and technical indicators, traders and investors can anticipate XRP to test its resistance levels of $0.5400 or $0.5485 in the forthcoming days. As always, meticulous observation and strategic decision-making are the keys in these volatile crypto markets.New Altcoin Surges in Popularity: Here's What You Need to KnowAltcoins that are relatively new may provide traders with greater returns in a shorter span of time compared to XRP, which is still in a favourable position. Newer altcoins have the potential to outperform the market by a significant margin, especially if they haven't had their initial growth spurts yet. This is particularly true for presale tokens, and TG.Casino (TGC) is currently conducting one of the most intriguing new sales, offering a decentralized casino platform that leverages the social influence of the popular Telegram messaging app.In just two weeks since its presale launch, TG.Casino has raised over $600,000, indicating that the project is already gaining traction among investors. Along with an extensive range of games and gambling options, TG.Casino is set to leverage Telegram to tap into pre-existing investor and gaming communities. With the platform already launched a few weeks ago, the use of Telegram is expected to help accelerate TG.Casino's userbase growth. The TGC token, which is essential for playing the games on TG.Casino, will have actual utility, and its demand will be boosted by the ability to use it for staking. The token will have a hard cap of 100 million, with 40 million allocated for the presale, 20 million for staking rewards, and 10 million for gaming rewards, ensuring that it will remain highly decentralized.To participate in TG.Casino's presale, investors can go to the official website and connect their software wallets. The wholesale price of 1 TGC is $0.125. However, the platform's strong fundamentals could lead to a potential increase in its price once it gets listed on exchanges.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Dogecoin Price Prediction as DOGE Attempts to Climb Above 50-day EMA – Can Momentum Be Regained?

Financial Sector Implications in Hong Kong Based on this, Ethereum remains in a critical position and support. Notably, the coin is moving sideways with low trading volumes. XRP Ripple Price|XRP Price and Live ChartShiba Inu launched Shibarium, but later faced initial technical issues. However the protocol also witnessed Robinhood increase its SHIB holdings. What is DeFi?

The organization will host a multi-signature wallet – controlled jointly by multiple parties – to collect donations denominated in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC, according to a press release from Crypto Aid Israel. BONE's Transformation: Shiba Inu's gas fee token, Bone ShibSwap (BONE), underwent a transformation. The SHIB Token developer team renounced it, opening doors for potential listings on major exchanges. This action capped BONE's max supply at 250,000,000 tokens, removing previous governance restrictions and paving the way for broader adoption and trading. Hong Kong to restrict crypto exchanges to professional investorsRipple has been engaged in a battle with the Securities and Exchange Commission, with the regulatory agency suing the company. A trial is slated for next year. These regulations have significantly impacted trading volume in the country.

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