- Popular trader Michaël van de Poppe revealed 3 altcoins he believes will surpass XRP just as Polkadot did – Chainlink, Cardano, and Litecoin.
- He also believes that Bitcoin is eager for consolidation and that it could easily move up to $40,000 or retrace to the $30,000 support level.
The XRP community’s fan-favorite lawyer Jeremy Hogan has once again commented via Twitter on the current state of the court case between Ripple Labs and the US Securities and Exchange Commission (SEC). Hogan cited attorney John E Deaton, who represents over 75,000 XRP investors in the litigation. After Judge Torres denied Deaton’s motion to intervene, […]
Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Related Reading: Cardano Seen Hitting Over $0.50 By End Of November, This Algorithmic ‘Prophet’ Predicts Hoskinson didn’t mince words, saying, “I’ll announce it at the Edinburgh event.” Another Twitter user questioned whether the long-awaited announcement was about the algorithmic stablecoin Djed. Djed has been under development by IOG and the COTI network for quite some time now. An announcement about it would not justify all the hype, according to the user. Hoskinson, however, disagreed, saying, “Not djed. Been working on it for 4 years”. Not djed. Been working on it for 4 years — Charles Hoskinson (@IOHK_Charles) November 3, 2022 Therefore, it remains to be seen what is behind the mysterious announcement. In this respect, investors should be eagerly awaiting November 18 and 19, when IOG celebrates its Scotfest in Edinburgh. What’s Behind The Mysterious Announcement For Cardano? The event is expected to kick off the fifth phase of Cardano’s development, called Voltaire. Currently, the blockchain is still in its 4th era, Basho, which has scaling as its focus. In this regard, the Cardano community is still eagerly awaiting “Hydra“. Simulations of the scaling solution developed by IOG have shown that each “Hydra head” can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each processing 1,000 TPS, Cardano could achieve a throughput of up to one million transactions per second. Whether Hydra’s implementation will be the announcement in Edinburgh nevertheless remains to be seen. Related Reading: Why Cardano (ADA) Could Be Gearing Up For A Rally Currently, Hydra remains in development. Already in March, IOG’s programmers unveiled the Hydra Heads protocol as part of a public testnet. Another thing that speaks against the assumption that the announcement is about Hydra is that the IO Scotfest is supposed to celebrate the era of Voltaire. More than 20 keynotes are planned, with Hoskinson delivering the most important speech. How the ADA price will behave remains to be seen. Previous “announcements of announcements” by Hoskinson, however, have usually generated some hype and price volatility in advance. Ultimately, the significance of the announcement will determine whether the event will be a “buy the rumor, sell the news” event. Djed Stablecoin Entering The Home Stretch Preparations for the launch of the Cardano stablecoin Djed are in full swing. As the founder of the COTI network revealed in mid-October, the final audit is currently taking place before the stablecoin is scheduled to go live at the end of November. The final audit report for $Djed is scheduled for the end of November 🎉 Here's the update from the CEO of $Coti, @shahafbg. pic.twitter.com/6SKXrio5Kg — Djed Stablecoin (@DjedStablecoin) October 14, 2022 Djed is a stablecoin based on an algorithmic design. It uses smart contracts to guarantee and ensure price stabilization. For this, Djed works with a reserve of base coins and mints and burns stablecoins and reserve coins.
In the legal battle between Ripple Labs and the US Securities and Exchange Commission, hardly a day goes by without an exciting news event. The majority of the news is clearly favorable for Ripple and the XRP community. As recently as Sunday, Roslyn Layton wrote an editorial for Forbes in which she expressed, “The SEC […]
Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot. Dogecoin Market Cap Hits More Than $15 Million After The Price Surge The past week has been incredible for DOGE after what had been many months of lackluster sideways performance. At the time of writing, the […]
Ripple Labs has published its third quarter report. In addition to numerous advances in development and adoption, two bits of information are particularly interesting for XRP investors. The first figure was hailed a major milestone by Ripple Labs CEO Brad Garlinghouse on Twitter. For the first time in the history, the company’s XRP holdings have […]
Top analytics firm says crypto whales are accumulating two Ethereum-built tokens. Chainlink plans to launch a beta version of its staking program by December 2022. Top on-chain analytics company, Santiment, has revealed that crypto whales are fast accumulating two tokens built on the Ethereum network – KNC and LINK. Why KNC? Santiment says deep-pocketed crypto […]
Der Beitrag Crypto whales are buying huge stacks in these two altcoins – Possible rally of x50 erschien zuerst auf Crypto News Flash.
The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) is taking major steps towards a final ruling after almost two years now. As Bitcoinist reported, Ripple Labs already published its brief rejecting a summary judgment on Friday. Shortly thereafter, the SEC followed suit with its judicial adversary. Both briefs are only […]
The Cardano ecosystem has a rich set of DeFi developers, investors, community, and online presence. The Cardano network has a Total Value Locked of $11.68 million, whereby SundaeSwap, ADAX Pro, and MeawSwapFi lead with $10.9 M, $751k, and $35k, respectively. The Cardano (ADA ) network is flexing its blockchain powers amid the months-long bear market. […]
Der Beitrag Cardano rises 75% as activity skyrockets – ADA top 3 NFTs in real volume +28% erschien zuerst auf Crypto News Flash.
The legal battle between Ripple and the Securities and Exchange Commission (SEC), which is already going on for 20 months, is nearing its end. Monday could be an extremely important day for the outcome of the lawsuit. Jeremy Hogan, an attorney in the XRP community, has shared some very insightful thoughts on the Ripple vs. […]
Even though the hype around non-fungible tokens (NFTs) has died down considerably over the past few bear market months, Ripple NFTs developer community continues to invest in this promising market segment of the crypto space. In late September, Ripple announced a $250 million fund to support tokenization innovation that will enable the creation of functional […]
Ripple’s XRP has been decoupling from the rest of the crypto market with strong network activity. Chainlink’s bear market resilience shows that LINK could be poised for a greater rally. Ripple’s native cryptocurrency XRP has been on investors recently after some positive developments in its case against the U.S. Securities and Exchange Commission (SEC). While […]
Der Beitrag XRP before breakout, Chainlink and Solana to explode in the coming days – Analysts take erschien zuerst auf Crypto News Flash.
The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development, Cardano developer Emurgo is not […]
Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission. Well, it looks like Garlinghouse will just have to stay put and not go anywhere. Ripple has just won a major victory against the SEC in court. […]