5 Crypto Coins to Watch as Ripple’s CEO Unveils XRP Future
The post 5 Crypto Coins to Watch as Ripple’s CEO Unveils XRP Future appeared on BitcoinEthereumNews.com.
The XRP price is trading at $0.52, showing an intraday gain of 0.9%. This resilience amid the broader market correction may be attributed to Ripple’s recent developments to enhance programmability on the XRP Ledger (XRPL), expanding smart contract capabilities. However, if XRP price reversal fails, the top coins to watch are Stellar (XLM), Solana (SOL), Cardano (DOGE), Avalanche (AVAX), Plokdaot (DOT) Cryptos to Watch Amid Ripple’s XRP Future Plans Reveal Earlier this month, Ripple shared some new insights on the protocol plans to enhance programmability on the XRP Ledger (XRPL). These improvements aim to expand the platform’s smart contract capabilities, allowing developers to build a wider array of decentralized applications (dApps) directly on XRPL. With the integration of Hooks and sidechains, developers can customize transaction logic and create tailored solutions while maintaining XRP’s high efficiency and low cost. These updates further position XRPL as a powerful tool for DeFi, NFTs, and other use cases, fostering a more versatile and scalable ecosystem. Stellar (XLM) Stellar (XLM) leads our top coins to watch as it is the closest competitor to XRP’s goal for a cross-border payment system. The recent update from Brad Garlinhouse indicates Ripple’s dominance in this niche, which impacts Stellar’s user activity. According to Coinglass data, XLM’s open interest has showcased a sluggish downward trend since late July, settling at $27.4 million. This consolation indicates less interest from market participants in opening new positions, which, if prolonged, creates a negative sentiment. XLM Futures Open Interest By the press time, the stellar price prediction shows a current trading price of $0.088, while the market cap holds at $2.6 Billion. Solana (SOL) Among the coins to watch, Solana holds its position firmly due to its low transition fees and speed. By press time, the SOL price had traded at $127, while the…
Filed under: News - @ September 7, 2024 10:48 pm