xMoney (formerly Utrust) is a blockchain-based payment platform that integrates traditional payment systems with the advantages of cryptocurrency, aiming to facilitate swift and seamless crypto transactions with reduced fees. This enables merchants to access a broader audience of cryptocurrency holders while providing buyers with secure transaction methods, including options for refunds, and protecting sellers from market volatility.
As of December 15, 2024, xMoney's native token, UTK, is trading at approximately $0.1383 USD, with a 24-hour trading volume of about $163.15 million USD. The circulating supply is 704,112,145 UTK, out of a maximum supply of 1,000,000,000 UTK.
Over the past 24 hours, UTK's price has increased by 55.74%, and it has risen by 108.50% in the past week.
xMoney's platform allows merchants to accept digital currencies as payment, aiming to bring digital currencies to mainstream consumers while providing buyer protection and the credibility of traditional payment platforms. The platform supports multiple digital currencies, including its native UTK token, which can be used for purchasing goods and services with zero-fee exchange rates.
Zilliqa (ZIL) is a public, permissionless blockchain platform designed to address scalability and throughput challenges by implementing sharding technology. This approach enables the network to process transactions in parallel, significantly enhancing its capacity and speed.
As of December 15, 2024, ZIL is trading at approximately $0.02699 USD, with a 24-hour trading volume of about $42.59 million USD. The circulating supply is 19,278,239,670 ZIL, contributing to a market capitalization of around $520.5 million USD.
Zilliqa employs a hybrid consensus mechanism that combines Proof of Work (PoW) and Practical Byzantine Fault Tolerance (PBFT). PoW is utilized for network security and miner verification, while PBFT facilitates consensus within individual shards, ensuring rapid and secure transaction processing.
The platform also features Scilla, a peer-reviewed functional programming language designed for writing safe and secure smart contracts. This focus on security aims to minimize vulnerabilities and enhance the reliability of decentralized applications (dApps) built on the network.
Zilliqa's ecosystem supports various applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and other dApps, offering developers a scalable and efficient environment for innovation.
AdEx (ADX), also known as Ambire AdEx, is a decentralized advertising platform that leverages blockchain technology to enhance transparency and reduce fraud in digital advertising. It operates as a Web3 marketing platform, connecting advertisers and publishers directly, thereby eliminating intermediaries and ensuring fair compensation for all parties involved.
As of December 15, 2024, ADX is trading at approximately $0.2736 USD, with a 24-hour trading volume of around $59.58 million USD. The circulating supply stands at 144,046,027 ADX, out of a maximum supply of 150,000,000 ADX.
Since its inception in 2017, AdEx has evolved from a decentralized ad exchange into a comprehensive advertising protocol. It functions as a Demand-Side Platform (DSP), enabling advertisers to acquire traffic, conduct real-time bidding, and utilize programmatic technology.
#ENJ dropped hard with the market retraced down and rejected from the major support zone of $0.25 - $0.26. Currently, price dropping and kinda of having a reach towards the major support zone again and buys looks good.
3️⃣ MicroStrategy and US spot ETFs each acquired approximately 200,000 BTC.
This shows a significant redistribution of BTC supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.
As of December 14, 2024, XRP has experienced notable developments:
Regulatory Approval of RLUSD Stablecoin
Ripple Labs, the issuer of XRP, received approval from the New York Department of Financial Services (NYDFS) for its stablecoin, RLUSD, which is pegged to the U.S. dollar. CEO Brad Garlinghouse announced that exchange and partner listings for RLUSD would be available soon. This regulatory milestone is expected to enhance XRP's value and utility within Ripple's digital payments platform.
Market Performance and Political Developments
Following the U.S. presidential election, XRP's price surged nearly 400%, reaching $2.43. Investors anticipate that the incoming administration will adopt a more crypto-friendly regulatory approach, potentially easing previous legal challenges faced by Ripple Labs. Notably, President-elect Donald Trump has nominated Paul Atkins, known for his supportive stance on cryptocurrencies, to lead the Securities and Exchange Commission (SEC).
Significant Whale Transactions
Recent blockchain data indicates substantial XRP transactions, including a transfer of 99,999,980 XRP (approximately $234 million) between unknown wallets. Such large movements often involve institutional investors or exchanges and can influence market dynamics.
Asset Management Activism
Switzerland-based asset manager GAM has urged Japan's SBI Holdings to adopt a more proactive approach toward its cryptocurrency investments, particularly its holdings in Ripple Labs and XRP. GAM recommends that SBI disclose the value of its XRP holdings and consider a public XRP coin-buying program to enhance shareholder value.
Price Trends
Despite recent gains, XRP's price has stabilized this week, with analysts suggesting that investors may need to adjust to this plateau.
For a visual analysis of XRP's current market position and future prospects, you might find this video insightful:
Since the crypto markets operate 24/7, the term pre-market has a different meaning. Crypto pre-markets refer to trading platforms where investors can trade tokens before they are officially launched or distributed to the general public.
Typically, traders use crypto pre-markets to speculate on the value of tokens, buying and selling based on their projected worth post-launch. However, crypto pre-markets are not limited to tokens. In some cases, they allow the trading of "protocol points" that might serve as criteria for future airdrops.
How Do Crypto Pre-Markets Work?
Crypto pre-markets work similarly to peer-to-peer (P2P) trading platforms but are distinguished by their focus on tokens that are yet to be launched. Crypto pre-markets can offer investors an opportunity to trade tokens during the interval between the allocation announcement, token distribution, and official listing on a trading platform.
For instance, consider a new cryptocurrency project that announces the release of its token through an initial exchange offering (IEO). Before the tokens are officially distributed and listed on exchanges, the project opens a pre-market phase on a decentralized platform where early investors can trade the unreleased tokens. This trading activity provides early price discovery and liquidity, allowing traders to gauge market sentiment and set preliminary valuations for the project’s token. Centralized exchanges (CEXes) can also offer crypto pre-market trading, acting as custodians for the transactions. $BTC