{
}
Ripple's RLUSD stablecoin has rapidly gained traction, surpassing PayPal USD and Euro Coin in daily trading volume, reaching $34.7 million shortly after its December 2024 launch. This growth highlights RLUSD's role in bridging traditional finance with decentralized solutions, leveraging the XRP Ledger for efficient transactions. As stablecoin transactions soar globally, RLUSD positions Ripple as a potential leader in the competitive market, with speculation about its ability to rival Tether's dominance.
In 2024, the crypto world witnessed bizarre events, including the FBI creating a fake token to catch fraudsters, a memecoin developer suffering severe burns during a stunt, and a 13-year-old rug-pulling his own token live. Justin Sun made headlines by eating a $6.2 million banana artwork, while hackers humorously demanded a ransom in either Monero or French baguettes from Schneider Electric. Other oddities included a user mistakenly paying a $90,000 fee for a $2,000 Ether transfer and crypto influencers settling disputes in the boxing ring.
XRP is currently trading at $2.4, having gained 148% monthly and 312% over 90 days, yet it is significantly undervalued compared to a projected fair market value of $122,580 based on a global wealth estimate of $5.3 quadrillion. Analysts suggest XRP must breach key resistance levels of $2.42, $2.52, $2.72, and $5.85 for a potential upward surge, while regulatory and economic challenges remain hurdles to achieving its estimated value.
Scottie Pippen has ignited a debate among cryptocurrency enthusiasts regarding which coin, XRP or Ethereum, will lead the market in 2025. While XRP supporters predict significant growth, Ethereum benefits from regulatory advantages, including recent ETF approvals. Currently, XRP trades at $2.40, while Ethereum is at $3,958, reflecting differing market sentiments.
Cardano founder Charles Hoskinson criticized Wyoming's Stable Token project for excluding Ripple's RLUSD stablecoin, claiming it was a significant loss for XRP due to biased decision-making favoring Ethereum-centric solutions. He alleged collusion among major players like Consensys, Circle, and BlackRock, which led to the selection of alternatives like Stellar over XRPL, despite XRP's superior market metrics. Hoskinson views this as a setback for innovation and fair competition in the crypto industry.
Scottie Pippen has ignited a debate in the crypto community over whether XRP or Ethereum will dominate the 2025 bull run. Proponents of XRP point to its recent price surge and potential ETF approvals, while Ethereum supporters anticipate a significant altcoin season driven by its upcoming all-time high.The discussion intensified after XRP's impressive 296% growth in November, contrasting with Ethereum's 59% increase. Market analysts predict XRP could reach between $16 and $22, potentially overtaking Ethereum's market cap if it approaches an $8.5 price.
Ben Armstrong
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ripple's RLUSD Surpasses PayPal and Euro Coin in Trading Volume
BlackRock, Inc.
PayPal Holdings, Inc.
Franklin Templeton - Franklin M
USA
Adam Cochrane
Paul Barron
Ben Armstrong
Show more
15:20 07.01.2025
bizarre crypto stories from 2024 highlight strange events and antics
United States Dollar
Schneider Electric S.E.
USA
Ben Armstrong
Miles Mikolas
Justin Sun
David Hoffmann
Judith Ansems
Charlyn Ho
Kain Warwick
Show more
13:00 24.12.2024
xrp fair market value projected at 122580 as resistance levels loom
16:06 16.12.2024
Scottie Pippen ignites debate on XRP versus Ethereum for 2025 dominance
WisdomTree U.S. Total Dividend Fund
Satoshi Nakamoto
Gary Gensler
Ben Armstrong
Scottie Pippen
Show more
09:52 13.12.2024
Ripple's XRP sidelined in Wyoming stablecoin project amid industry bias claims
16:38 12.12.2024
Scottie Pippen ignites debate on XRP versus Ethereum for 2025 dominance
10:04 12.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Financial Scams and Security
Global Financial Events
Market Analysis and Predictions
Hedge Funds & Private Equity
Retail and Consumer Goods
Workplace Trends
CEO Changes
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Cryptocurrency Trends
Real Estate Investments
Venture Capital Investments
Crypto Adoption and Integration
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Bank of America Corporation
The Goldman Sachs Group, Inc.
Citigroup Inc.
Geode Capital Management LLC
Tesla, Inc.
Morgan Stanley
The Charles Schwab Corporation
Wells Fargo & Company
Charles Schwab Investment Management Inc.
State Street Corporation
Credit Suisse Real Estate Fund Siat
Broadcom Inc.
Deutsche Bank Aktiengesellschaft
Lloyds Banking Group plc
UBS Group AG
FMR LLC
Procter & Gamble Co
Banco Santander, S.A.
Currencies:
United States Dollar
British Pound Sterling
Swiss Franc
Euro
United Arab Emirates Dirham
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Azerbaijani Manat
New Taiwan Dollar
Saudi Riyal
Singapore Dollar
People: