A crypto analyst warns that if this legislation passes, it could cause significant short-term volatility.
📊 Summary of facts:
Senator Cynthia Lummis proposes that the US government acquire 1 million BTC and hold it for 20 years.
If approved, the move could strengthen Bitcoin's role as a store of value while causing prices to surge before a potential pullback.
🔍 Expert analysis:
Ben Simpson (Collective Shift) :

Ripple CEO Brad Garlinghouse has confirmed that the blockchain payment company has explored markets outside the U.S. for its potential initial public offering (IPO).
Read more on: https://thecryptobasic.com/2024/01/17/regulatory-friction-prompts-ripple-to-explore-ipo-outside-us-ripple-ceo-confirms/
#RippleUpdate #RippleRevolution #Rippleipo #cryptocurrecny #CryptoNewsLand

The cryptocurrency market remains highly volatile, with major coins like Bitcoin and Ethereum seeing significant price fluctuations regularly. However, there are also lesser-known digital assets that offer intriguing cases for major growth in the years ahead. Many of these promising cryptocurrencies trade for under $10 per coin.With solid technology foundations and real-world utility, these three digital currencies have fundamentals that could drive their value substantially higher, even from sub-$10 price levels today.Ripple (XRP)XRP, often associated with Ripple, is a digital asset designed to offer fast, affordable, and scalable cross-border payments. As of the latest data, XRP’s price stands at approximately $0.5757. The XRP Ledger, an open-source technology launched in 2021, is known for its low transaction costs (around $0.0002), quick settlement times (3-5 seconds), and high scalability (1,500 transactions per second). It also boasts of being carbon-neutral and energy-efficient. XRP’s Price PerformanceLast Year: Increase of 43.3%.Last 30 Days: Decrease of 9.2%.Last 7 Days: Slight increase of 0.4%.Polkadot (DOT)Polkadot (DOT) is a unique player in the crypto space, functioning as an open-source sharded multichain protocol. It connects and secures a network of specialized blockchains, enabling cross-chain transfer of any data or asset type. This interoperability positions Polkadot as a foundational technology for a decentralized internet or Web3.The current price of Polkadot is about $7.55, placing it in the 12th position in the market rankings.DOT’s Price PerformanceLast Year: Growth of 26.8% over the past year.Last 30 Days: Decrease of 13.0% in the last month.Last 7 Days: Increase of 3.1% in its value.Optimism (OP)Optimism (OP) is a notable layer-two blockchain solution built on top of Ethereum, designed to enhance the scalability and efficiency of the Ethereum network. It achieves this through the use of optimistic rollups, which allow transactions to be recorded on Optimism and secured on the Ethereum mainnet.This technology has positioned Optimism as a major player in scaling the Ethereum ecosystem, with a current market capitalization of approximately $3.38 billion, ranking it 25th in the market.  OP’s Price PerformanceLast Year: Growth of 99.1% over the year.Last 30 Days: Decrease of 9.3% in the past month.Last 7 Days: Increased by 4.1% in the last week.XRP, Polkadot, and DOT represent significant innovations in the blockchain and cryptocurrency spaces. XRP’s focus on efficient cross-border transactions, Polkadot’s vision of a decentralized web of interoperable blockchains, and OP’s focus on improving transaction efficiency and scalability through layer-two solutions highlight the diverse applications of blockchain technology.Their current market positions and relatively low prices suggest growth potential, making them interesting options for investors looking at cryptocurrencies under $10 with promising futures.#cryptocurrecny #dyor

Larry Fink, the Chief Executive Officer of BlackRock, the world’s largest asset management firm, has commented on the potential for an exchange-traded fund (ETF) involving XRP.
Read more on: https://thecryptobasic.com/2024/01/13/blackrock-ceo-larry-fink-comments-on-prospects-of-an-xrp-etf/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫