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A newly found Ripple (XRP) connection leads to the president Trump

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Ripple

If there’s something we can be sure of with Ripple, is that it has built the best relationships with some of the most important financial institutions and figures in the whole world. To say the least, the company has created great partnerships with several central and commercial banks around the world, as well as with some important payment methods, such as Banco de Santander, American Express, Mastercard, Western Union, and others.

In this sense, we’ve been wondering how has the company managed to make all these alliances, and like this, managing to pass from being a startup to the giant we know right now. And as it seems, the answer to that question may be quite simple; it’s just a matter of connections.

We recently reported that back in 2011, Ripple was assisted by no one less than the current Executive Vice President of Mastercard, Colleen Taylor, who mentored the company and also served as a bridge for getting Ripple to test their solutions with real clients.

As she said in her interview: back then instead of seeing Ripple as a threat they actually decided to say “I have the scale, you have the agility” let’s work together and make this project work.

These declarations gave us a clearer perspective of what has been going on with Ripple from the beginning; it happens to be surrounded by highly influential people in the industry.

In this sense, a new connection has been found for the company, and this time leads to nothing less than the current president of the United States of America Donald Trump. Let’s see the main details behind this.

Ripple’s board member assisted president Trump

Ken Kurson who is currently a board member of Ripple, is a businessman who happens to be related as well with politics. In fact, he is a political consultant, and journalist.

In this sense, it was recently known that back in 2011, Kurson was the one that pursued Donald Trump himself to run for presidential elections, and the same way, he was in charge of preparing some of the speeches that Trump used in the campaign that saw him winning the elections.

Furthermore, it was known as well that Trump and Kurson are actually friends apart from the works they have done together, which is actually the reason why many people are now considering that this can be a very beneficial thing for the Ripple towards the path of adoption and the struggle with the Securities and Exchange Commissions (SEC) department.

Whether this be a real thing or not remains a question, but even if not just with the relationship, high chances are now open for the company.

Current performance of Ripple (XRP)

At the time of writing, XRP has a price of $0.5268 according to coinmarketcap, and it has decreased by 6.81 percent in the last 24 hours.

However, this downturn probably is actually a correction after the several greens the market had a couple of days ago, the same that saw Ripple’s XRP going to the second position one more time, replacing Ethereum as the second largest cryptocurrency in the market.

Later on the same day, Ripple went back to the third position, but it definitely proved Ethereum should actually be worried. Let’s see how this new connection, which certainly is worth noting, affects the Ripple’s XRP position in the market. So 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.

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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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Altcoins

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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Altcoins

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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