BTTC, or Bitcoin Trust Certificates, are a fascinating innovation bridging the gap between the established world of traditional finance and the burgeoning realm of decentralized finance (DeFi). Understanding their potential, advantages, and role in the crypto ecosystem requires delving into both worlds.Potential of BTTC:Accessibility: BTTCs make Bitcoin, the world's leading cryptocurrency, accessible to a wider audience through regulated financial instruments like ETFs and ETNs. This opens up Bitcoin investment to traditional investors who might not be comfortable with directly interacting with crypto exchanges or wallets.Increased liquidity: BTTCs can potentially boost Bitcoin's liquidity by bringing in new investors from traditional markets, leading to smoother price discovery and potentially lower volatility.Institutional adoption: BTTCs offer a familiar and regulated investment vehicle for institutional investors, paving the way for wider adoption of Bitcoin and other cryptocurrencies by financial institutions.Good Sides of BTTC:Reduced Risk: BTTCs, being regulated offerings, often come with greater investor protection and transparency compared to directly holding Bitcoin on exchanges. This can attract risk-averse investors to the Bitcoin market.Convenience: BTTCs can be traded just like traditional stocks or ETFs through familiar brokerage platforms, simplifying investment for those already used to such systems.Diversification: BTTCs offer a way to diversify investment portfolios with exposure to Bitcoin without the need to directly manage the underlying asset.Importance in the Crypto Ecosystem:Legitimization: BTTCs act as a bridge between the traditional and decentralized financial worlds, offering legitimacy and recognition to Bitcoin and other cryptocurrencies within the established financial system.Infrastructure Development: The growth of BTTCs can encourage the development of robust infrastructure for custody, settlement, and other services needed for mainstream adoption of crypto assets.Financial Inclusion: BTTCs can potentially bring the benefits of Bitcoin, such as censorship resistance and borderless transactions, to a wider range of individuals and institutions traditionally excluded from the financial system.However, it's important to remember that BTTCs also come with certain drawbacks:Centralization: BTTCs, by their nature, involve reliance on centralized institutions for custody and issuance, which goes against the core principles of DeFi.Counterparty Risk: Investors in BTTCs are exposed to the risk of the institution issuing or managing the certificates failing to meet its obligations.Fees: BTTCs typically involve additional fees compared to directly holding Bitcoin, which can eat into potential returns.In conclusion, BTTCs hold significant potential for bridging the gap between traditional and decentralized finance, with advantages like increased accessibility, liquidity, and institutional adoption. Their role in the crypto ecosystem lies in legitimizing and facilitating wider participation in the world of digital assets. However, it's crucial to be aware of the potential drawbacks, such as centralization and counterparty risk, before investing in BTTCs.#Write2Earn 💡Remember: Providing you with the best investment articles takes a lot of effort. Your generous tips empower our mission and support us in delivering the best investment advice.

Cardano’s price rose by 4% in 24 hours, hitting $0.4728, yet it’s down 10% in a week and 21% in 30 days.Despite short-term losses, Cardano exhibits robust fundamentals, including an 80% surge in trading volume.Ongoing developments and positive fundamentals suggest Cardano may recover, with predictions of reaching $1 by summer.
Cardano (ADA) has experienced a noteworthy 4% surge in the past 24 hours, reaching a value of $0.4728. This uptick, however, only partially mitigates the broader losses suffered by ADA, with a 10% decrease over the past week and a more substantial 21% dip in the last 30 days.
Despite these short-term setbacks, Cardano’s underlying strength lies in its robust fundamentals. The altcoin has seen an impressive 80% surge in trading volume, indicating heightened market activity and potential investor interest.
Examining Cardano‘s chart, certain indicators suggest caution. The relative strength index (RSI) has plateaued around 40, struggling to regain momentum since its decline from 80 in December. Additionally, the 30-day moving average continues its downward trend, threatening to dip below the 200-day moving average. The Cardano price itself has fallen beneath the 30-day average, signaling strong selling pressure in the market.
Despite these warning signs, Cardano’s strong fundamentals may pave the way for a recovery. The blockchain network has experienced significant growth, with a 300% increase in total value locked over the past 12 months. A staggering 157 apps/projects now run on the Cardano network, showcasing its expanding ecosystem.
Positive sentiment is further bolstered by ongoing developments, as Cardano progresses into the Basho phase of its roadmap, focusing on scaling improvements. Looking ahead, some market observers predict that Cardano could reach $1 by the summer, especially with the optimism surrounding the next Bitcoin halving.
$ADA #Ada #cardano

A technical analysis that was published by a crypto analyst on X implies that there is a possibility that the price of XRP might skyrocket to as high as $220. The analyst draws a striking similarity between this possible spike with the astronomical occurrence that is known as a Gamma-Ray Burst (GRB). The GRB comparison is used in financial charting to describe a rise in price that is associated with a substantial size and quickness. This surge is comparable to the strong energy release that occurs during a cosmic GRB.
For his prediction, he used the Fibonacci Channel, often known as the Fib Channel. This is a technical analysis technique that traders use to determine probable levels of support and resistance based on the Fibonacci sequence. First, a trendline is drawn between two extreme points, which are normally a high and a low. Next, the vertical distance between the two points is divided by the important Fibonacci ratios. This is how a Fibonacci Channel is built. These levels are lines that run parallel to one another across the chart and have the potential to serve as markers for price objectives or the beginning of reversals.
Goals for the Price of Cosmic XRP
These Fibonacci levels are seen on the one-month chart of XRP/USD that was provided by Egrag on X. In his analysis of the present price levels, Egrag makes the following observation: "Reflecting on XRP's potential to mirror its trajectory in 2017, the analysis reveals crucial figures within The Fib Channel." On the basis of this, the important future price points are as follows: $2.2 (0.236 Fib), $5.8 (0.382 Fib), $11 (0.5 Fib), $33 (0.702 Fib), and eventually, the zenith at $220 (1.0 Fib).

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In addition, the study finds the two "Bull Market Lines" on the chart, which have had a significant role in the price movements of XRP in the past. Based on Egrag's study, it is anticipated that these lines will appear for a third time, which might be an indication of a new upward trend.
The first time we came into contact with it was in March of 2017, when the price of XRP surpassed the preliminary "bull market line." From a low of $0.005 to its current all-time high of $3.30, the price of XRP saw a staggering increase of 60,000%. In addition, this now serves as the beginning point for the second "bull market line," with the second connection point of this line being determined from the high point that it reached in April 2021, which was $1.97.
According to Egrag, in order for the price of XRP to cross the "Bull Market Line – 2," it is now necessary for the price to surpass the $1.20 level. The Simple Moving Average (SMA) and the 24 SMA on the one-month chart might cross each other, which would be an indication of this possible impulse.
According to Egrag, "Once the bullish cross happens, almost one month later, the XRP bull run starts," which is in line with the historical price movements that are highlighted on the chart as "Cross 1" and "Cross 2." A similar crossing is anticipated to occur in the near future, according to the expert, who forecasts a transition from a negative market to a bullish market. The crossover took place between the end of December 2023 and the beginning of January 2024, which is an important fact to note.
A rallying cry is added to the XRP community via Egrag's comments on the social network X, which is as follows: The transition from red to blue, and then finally to green, is on the horizon, thus the XRP Army asks that you be calm and get ready. There is going to be a GRB Event."
There is still a need for the momentum to become bullish.
In conclusion, Egrag's study provides a positive case for the alternative cryptocurrency. It does so by providing specific price predictions and technical indicators that may serve as a guide for probable future moves. However, investors are encouraged to approach the market analysis with care and to undertake their own research, just as they would with any other market analysis.

In recent months, the price of XRP has not performed very well. The price has completely erased all of its gains, despite the fact that Ripple was victorious in the XRP litigation. Additionally, at the time of this publication, the price of XRP was trading below the 200-day exponential moving average (EMA), which is referred to as the "bull line" in technical analysis.
#XRP #RippleUpdate #crypto2024 $XRP

TL;DR

Ripple’s XRP has seen a notable increase in the number of its wallets, surpassing a specific milestone.

This achievement aligns with a rise in the overall number of executed XRP transactions since the beginning of the current year.

Ripple faces significant legal challenges in the upcoming months, with major trials scheduled and partial court victories already secured last year.

Ripple (XRP) Surpasses an Important Milestone

Ripple’s XRP has recently reached a major achievement in terms of address count. According to rich-list, the number of XRP wallets exceeded the 5 million mark after a significant uptrend throughout 2023. Recall that the figure stood at approximately 4 million at the start of last year.

The development signals a growing user base and wider adoption of the asset, which might fuel additional investor confidence.

Surpassing the aforementioned milestone coincides with an overall rise in executed XRP transactions as of late. The figure has stood at well above 5 million since the start of the new year.

2024 Could be a Pivotal Year for Ripple

The aforementioned milestone is just the beginning of a series of upcoming developments for Ripple this year. The company’s most important event in the following months is arguably associated with the lawsuit against the United Securities and Exchange Commission (SEC).

The lengthy legal battle has its grand trial scheduled for April 23. Currently, Ripple seemingly has the upper hand, securing three vital (yet partial) court victories last year.

The firm is also involved in another lawsuit, known as Zakinov v Ripple Labs. Its trial has been postponed numerous times in the past several years and is expected to start on April 15, 2024. A motion hearing that aims to approve the form and manner of class notice is set for January 11.

The Zakinov v Ripple Labs case shares similarities with the SEC lawsuit since both plaintiffs accused Ripple of selling XRP as an unregistered security. 

The post Ripple (XRP) Achieves a Major Milestone: Details appeared first on CryptoPotato.

Recently, the Xai project’s debut on Binance has aroused widespread attention and heated discussions in the community. In the Chinese community, in addition to discussions on the overall development of the Xai project, the topic about the price of the Xai token is particularly hot. As a member who is deeply involved in the Xai project, I will provide you with a rational analysis and summary based on Binance's research report on the Xai project to help you understand the current situation more comprehensively.
点击查阅币安对于Xai项目的研报
It is important to emphasize that Xai’s official Discord has clearly stated that community members should not excessively discuss the listing price of Xai tokens. I strongly support this. Price reflects the market’s assessment of the value of the project. Excessive attention to price cannot substantially promote project development. For a project that lacks real value support, its token price is just a hype bubble. Xai, as the most anticipated game public chain on ARB, its value and price should be the natural result of the development of the entire ecosystem. We should be clear: it is the development of the project that determines the price, not the price that drives the development of the project. A deep understanding of this cause-and-effect relationship is crucial for us to correctly view the market and participate in community activities.

The price of the native token of the XRP Ledger, XRP, went up over 48% to $0.56 over the past year amid a wider cryptocurrency market recovery, but a cryptocurrency analyst has now suggested it could keep climbing to potentially reach $27 per token, an increase of 4,720%.
According to popular cryptocurrency analyst Egrag Crypto, XRP’s “unparalleled legal regulatory clarity” means it “seems promising” to look at the potential for XRP’s price to surge by 40x or even 50x, surpassing its growth of the last market cycle.
In a post shared on the microblogging platform X (formerly known as Twitter) with their over 40,000 followers, Egrag Crypto noted that Ripple’s legal victories over the U.S. Securities and Exchange Commission (SEC).
In 2020, Ripple faced a lawsuit from the SEC for supposedly breaching U.S. securities regulations by selling XRP without first registering with the agency.
Judge Analise Torres determined that XRP was indeed a security when Ripple initially sold it to institutional investors, but not when it was sold to the general public.
Judge Torres’ primary reasoning was that institutional investors who purchased XRP from Ripple likely understood that it possessed certain characteristics of a security. However, this information was not necessarily available to those who acquired XRP through cryptocurrency exchanges.
To Egrag Crypto, XRP can now parallel the previous gains of Bitcoin and Ethereum, to potentially hit a high of $27. Nevertheless, the analyst pointed to a number of possibilities that also include a 40x to 50x leap, which would bring XRP to $11 or $14.
XRP 40X EASY:

Last cycle, despite the pesky #SEC lawsuit, XRP almost 20X. This time, with its unparalleled legal regulatory clarity, the potential for a 40X or even 50X boom seems promising!

Let's crunch some numbers from the cycle low to visualize the possibilities:… pic.twitter.com/SayC9gsJkv— EGRAG CRYPTO (@egragcrypto) January 3, 2024
As CryptoGlobe reported, last month a popular cryptocurrency analyst suggested XRP could soon outperform the flagship cryptocurrency Bitcoin (BTC) and surge as much as 1,500% against it if it breaks through a key level.
Per his words, it appears to be a “matter of time for XRP to make a 88%+ move” against the flagship cryptocurrency, which would see the cryptocurrency greatly outperform Bitcoin. The analyst added that a break and hold above the major resistance at around 0.000027 BTC, then XRP could surge as much as 1,500% against Bitcoin.
Earlier, another popular analyst recently suggested that a “parabolic move is imminent” for the native token of the XRP Ledger, over a rare bullish pattern that was formed on the cryptocurrency’s price charts.
$XRP #XRP