Category: Altcoins

Ripple’s Stablecoin and the Future of Digital Payments

Ripple, known for its focus on payment system solutions and the XRP cryptocurrency, is preparing to launch its stablecoin, initially pegged to the US dollar. This move could herald a new era in the realm of digital currencies and significantly impact the market. The company assures that its stablecoin will always maintain equivalent asset backing, with periodic independent audits to ensure security

Stablecoins, a subset of cryptocurrencies, derive their value from stable assets such as fiat currencies (mostly the US dollar) or commodities like gold, aimed to reduce price volatility. While Ripple’s stablecoin is primed for a US debut, plans for regional variations in Europe and Asia aren’t off the table. In the US market, it will have to compete with well-known industry giants such as Tether (USDT), Circle (USDC), and PayPal USD stablecoin issued by Paxos Trust Company.

Ripple’s idea to create a stablecoin is driven by its commitment to offer heightened stability, potentially appealing to financial institutions and businesses. 

The launch of Ripple’s stablecoin could have a twofold impact on existing XRP cryptocurrency. On the one hand, this may drive greater interest in the Ripple ecosystem, bolstering XRP’s utility as a bridge currency in cross-border transactions. On the other hand, there’s a risk of the stablecoin encroaching on XRP’s market share. Regardless, market observers will closely monitor XRP price dynamics. Some analysts have concerns over Tether’s asset backing, suggesting vulnerability to a potential “bank run” if token holders rush to redeem massively. 

There are rumors regarding Tether’s strained relations with regulatory authorities, while Ripple fully complies in jurisdictions like New York, Ireland, Singapore, and other countries. Despite this new trajectory, Ripple remains committed to its XRP token. The history of stablecoins knows both success stories and failures; stability and platform trust are paramount to safeguarding token holders’ investments and regulatory adherence.

Ripple Stablecoin analysis

Ripple’s track record in developing payment systems and fostering partnerships with banks and financial institutions could augur well for the widespread adoption of stablecoin. The company envisions the stablecoin not only as a stability tool but also as a conduit for expanding its foothold in the digital payments arena. Anticipated benefits include bolstering strategic positioning and forging new financial market alliances. 

This strategy not only facilitates diversification but also aids in automated trading, a realm where maintaining numerous multidirectional positions on a given cryptocurrency is pivotal. Engaging in free market replay and simulated trading using historical data serves as an excellent avenue for honing trading skills without exposing capital to risk.

The Ripple stablecoin’s debut could be a seminal event in digital finance, potentially enhancing XRP’s value and broadening Ripple’s operational horizons. Despite inherent stability and regulatory challenges, Ripple possesses the requisite expertise and resources to navigate these waters successfully. It’s imperative to acknowledge that a stablecoin’s success hinges on myriad factors, encompassing community reception, technological robustness, and market confidence in its stability.


Ethereum And Cardano Now Lead Massive Institutional Inflow

Ethereum and Cardano now lead massive institutional inflow as $1,100,000,000 ($1.1bn) hits crypto ETPs, sources report.

Digital assets manager CoinShares says institutions poured a whopping $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved the spot BTC exchange-traded funds (ETFs).

In its latest Digital Asset Fund Flows report, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing down.

“Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion,” the report detailed.

“Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.”

Crypto asset inflow.
Crypto asset inflow.

According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month.

The firm says Bitcoin’s price appreciation “buoyed sentiment” for Ethereum (ETH) and Cardano (ADA), which both saw more inflows than the rest of the altcoin market.

“Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1 billion inflows last week, bringing inflows since the January 11th launch to $2.8 billion.

The outflows from incumbents have slowed significantly, but the potential sale of the Genesis holdings of $1.6 billion could prompt further outflows in the coming months…

Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.”

BTC, per usual, saw the lion’s share of inflows, taking in 98% of last week’s inflows at $1.09 billion.

Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) each saw inflows of $16 million, $6 million, $0.5 million, $0.4 million, and $0.4 million, respectively.

For more crypto market news and updates like this, opt-in for push notifications or join the popup newsletter.

Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

Other Crypto Market News Today

Market News Today - Ethereum And Cardano Now Lead Massive Institutional Inflow.
Market News Today – Ethereum And Cardano Now Lead Massive Institutional Inflow.

Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.

“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.

Bitcoin to $200,000 | Dave the Wave.
Bitcoin to $200,000 | Dave the Wave.

He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.

Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.

The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“BTC solid and sideward within the range so far.”

Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.
Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.

According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.

The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.

“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.

This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”

Bitcoin $200,000 price prediction - Dave the Wave.
Bitcoin $200,000 price prediction – Dave the Wave.

Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.

For more daily crypto news and updates like this, opt-in for push notifications or join the popup newsletter.

Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K

Market News Published Daily 📰

Market News Today - Ethereum And Cardano Now Lead Massive Institutional Inflow.
Market News Today – Ethereum And Cardano Now Lead Massive Institutional Inflow.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst

Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.

“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.

Bitcoin to $200,000 | Dave the Wave.
Bitcoin to $200,000 | Dave the Wave.

He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.

Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.

The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“BTC solid and sideward within the range so far.”

Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.
Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.

According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.

The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.

“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.

This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”

Bitcoin $200,000 price prediction - Dave the Wave.
Bitcoin $200,000 price prediction – Dave the Wave.

Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.

For more daily crypto news and updates like this, opt-in for push notifications or join the popup newsletter.

Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K

Market News Published Daily 📰

Market News Today - Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst.
Market News Today – Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC

A veteran trader now becomes super bullish on Bitcoin BTC once the cryptocurrency begins to close at a specific level.

A closely followed trader says he’ll become one of Bitcoin’s (BTC) biggest bulls if the crypto king manages to stay above a key resistance level, reports The Daily Hodl.

In a new strategy session, veteran trader Tone Vays tells his 122,000 YouTube subscribers that Bitcoin is trading within a very tight range, but he sees a path for BTC to break out and rally to $48,000.

“In a perfect world, we would start to rally here real soon, get back to the top of the range ($44,000) then fall back down to the bottom of the range $40,000, get some people scared, touch the [128-day] moving average [at $40,000]… and then rally from there.

Or just continue to consolidate and allow the [128-day] moving average to catch up.”

Tone Vays - Bullish on Bitcoin (BTC).
Tone Vays – Bullish on Bitcoin (BTC).

According to Vays, he’ll become “super bullish” on Bitcoin once BTC starts closing above $43,500 as it would suggest that the crypto king is gearing up to break out of its range.

In late December, Vays said Bitcoin would likely gather strong bullish momentum if it moves above $50,000. According to the analyst, sidelined traders would likely chase BTC at that point, ultimately leading to more rallies.

“The only other high to deal with [after going above $50,000] is going to be the $65,000 closing all-time high.

I think if Bitcoin starts to establish itself above $50,000, FOMO (fear of missing out) is going to break loose. Like the ultimate FOMO is going to break loose, everyone is going to be rushing in.”

At the time of this publication, Bitcoin is currently trading at $43,215.

You can watch Tone Vays’ Bitcoin (BTC) market analysis down below.

For more crypto news and updates like this, opt-in for push notifications.

Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

Market News Published Daily 📰

Market News Today - A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC.
Market News Today – A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.



© 2024 Franknez.com

Theme by Anders NorenUp ↑