XRP, Stellar investors eye new DeFi token poised for 25x growth by new year
The post XRP, Stellar investors eye new DeFi token poised for 25x growth by new year appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market surges as investors shift focus from XRP and Stellar to a new DeFi token, which is predicted to deliver 25x returns. The cryptocurrency market has strongly awakened and attracted many investors looking for opportunities to increase their returns exponentially. Although Ripple (XRP) and Stellar (XLM) keep thriving, investors have turned to a new crypto, a DeFi token, which can deliver 25x by the end of the year. The new DeFi token offers access to many features and components that make it the best cryptocurrency investment in a market where XRP and XLM are thriving. Continue reading for more details. XRP Wallet Activations Surge 10x as Ripple Expects Regulatory Clarity Based on data offered by XRPScan, the number of XRP wallet activations increased tenfold over the past three months. This development highlights a strong interest in the Ripple-affiliated token, which enjoyed a massive rally of 284% in November 2024. Notably, last month was the best month for XRP since December 2017. Since the start of November, the XRP bulls have been dominant, helping the token reach three-year highs. Although long-term investors started taking profits, the resulting pullback was short-lived as investors started buying the dip. In another bullish news for XRP, Ripple will receive regulatory approval from the New York Department of Financial Services (NYDFS) to cater to its RLUSD stablecoin. Notably, RLUSD is pegged 1:1 to the dollar and will be introduced on December 4. XRP was trading at $2.50 on December 3, up 76.65% in the last week. Market experts believe the Ripple coin will reach $2.85 this month as Ripple’s network implements more developments. Meanwhile, investors are moving to a DeFi token due to…
Filed under: News - @ December 4, 2024 10:21 pm