The post Ripple Expands & Citi Tries Avalanche Blockchain; Is Algotech the Best Alternative? appeared on BitcoinEthereumNews.com.

The crypto world is rapidly evolving, with several cryptocurrencies capturing the attention. Lately, Ripple (XRP), Avalanche (AVAX), and Algotech (ALGT) have shown solid growth. However, investors find assurance in Algotech (ALGT). This new project, still in its presale phase, has raised over $450k within days of its launch. Ripple (XRP) Increases Its Presence in US Options Despite facing a lawsuit in the US, Ripple (XRP) has been taking steps to expand its business in the country. In the latest event, Ripple has decided to acquire a company with a New York trust charter. This acquisition deal will help Ripple offer more in-house services and expand its US options business. Through this deal, XRP is also looking to go beyond payment services and venture into other financial products. However, this deal between Ripple (XRP) and the trust has yet to secure approval from the New York Department of Financial Services. Meanwhile, Ripple has experienced a 6% price increase in the past seven days. Hence, at the time of writing, Ripple is changing hands at $0.55. Avalanche’s (AVAX) Subnet Gets Recognition The Avalanche (AVAX) network has received a big market push with Citibank’s recent initiative. Subsequently, the market value of Avalanche (AVAX) has also moved northward. In the past month, the trading price of Avalanche (AVAX) has increased by 21%. The Avalanche (AVAX) token trades at $42.65 at press time. Recently, Citibank used the Spruce Subnet of the Avalanche (AVAX) network for the tokenization of private equity. Notably, Avalanche’s (AVAX) Spruce is a subnet catering to large financial institutions, which want to use public blockchain infrastructure. Experts believe that this event can encourage more financial institutions to adopt the Avalanche (AVAX) blockchain. Algotech (ALGT) Presale Accelerates Growth Rate Algorithmic trading has recently emerged as the best tool for traders. It contributes more…

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Filed under: News - @ February 19, 2024 4:26 pm