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Ripple XRP HODLers will get rewarded for all the courageousness

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Ripple XRP

Ripple has been faced with lots of challenges in regards to the debate on whether it is a security or not. However, despite this debate still lingers, it is still a solution for banks and other FinTech companies in the world. Each one of Ripple XRP HODLer seems to be a brave person, nothing short – the Ripple community has been facing all the difficulties with sheer heroism. And as things stand now, the XRP holders might be rewarded for all their hardihood soon.

Recently Cory Johnson of Ripple Labs got interviewed at the Milken Institute Asia Summit 2018. The interview was also joined by Lara Wozniak, Head of Growth Markets at Media Relations Department of Accenture.

When Cory was asked about the aim of blockchain technology and the solution it can offer, he said that it is mainly for the global finance. Cory states,

I really do think that finance is the place where there was the most friction in our global economy. And the solutions presented by blockchain are so obvious that they’re really going to change the way money and value move in our society” 

Subsequently, Cory also emphasized that a blockchain technology like Ripple aims to solve the problems of cross-border payments and why these payments take several days before they get actualized.

Concerning the role of regulators on Ripple’s aim, Cory didn’t fail to say a few things. It is important to know that Ripple has been working hand-in-hand with regulatory companies to fix the ‘Ripple is a security or not’ debate. Cory also emphasized that regulators are looking for ways to solve the speculations on cryptos and that these regulators are scared of what the blockchain can become shortly. Cory added,

“When we meet with regulators, I have personally been really surprised by how much they know, and how much they really want to know. They don’t seem to walk into this, with sort of this notion of fear and doubt, they actually want to listen and learn” 

Cory talked on how firms owners are using the XRP token for their daily business activities. He went on to talk about the countries that are using blockchain technology. He said,

The world is more global than ever before. And, entrepreneurs are going to pick up and leave and go to the places where those technologies …and you don’t have to be in Silicon Valley to develop technology where I still think it’s the best place, but there are more options now.”

Ripple to Launch xRapid Next Month

Ripple’s most awaited product that will help in making money transfer easier and faster is finally here. CNBC reported yesterday, Sept 17 that the main version of xRapid will be launched very soon now.

The launch of this product was revealed by the Head of regulatory relations for Asia-Pacific and the Middle East at Ripple, Sagar Sarbhai.

When unveiling the importance of xRapid to the world, it was stated that xRapid would also help in solving the problems of liquidity costs and decreasing the capital requirements of liquidity. Sarbhai commented during his CNBC interview that,

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production” 

Nonetheless, Ripple’s Exec also said,

A couple of years ago the narrative was: blockchain good, crypto bad. What we’re now seeing is more and more regulators, policymakers taking the whole space in one conjuction.”

He went to add this further:

“I think that narrative thankfully is now changing because policymakers, regulators are seeing that there is a strong benefit that digital assets, cryptocurrencies will bring in”

It is important to know that last month; Ripple collaborated with three major exchanges: Bittrex, Mexican Bitso, and Philippine Coin.Ph, to help foster xRapid solutions – imaginably predicting the launch of xRapid.

Brad Garlinghouse also forecasted that lots of banks and other Fintech companies would be using xRapid, and XRP by the end of this year. Things certainly are starting to get better for Ripple and the XRP HODLers. Stay tuned.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Matt Lamers on Unsplash

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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