Ripple XRP: $100 Investments Turns Into $1.4 Million in Feb 2024
Ripple's XRP, a well-established cryptocurrency, has recently experienced a notable correction entering 2024. With a 2% dip in daily charts, 3.6% in weekly charts, over 12% in the 14-day charts, and a 22.5% decline over the past month, XRP faces volatility. Despite this, it has sustained a 22.4% gain since January 2023.

Having entered the market in 2013, XRP boasts a decade-long history. If one had consistently invested $100 weekly since September 2013, the total investment would be $54,300, growing to an impressive $1.44 million—a remarkable 2564% growth. Further, investing $100 weekly until XRP's peak in January 2018 would have turned a $22,700 investment into a staggering $5.3 million, a remarkable 23,311% increase.

XRP currently stands more than 85% below its all-time high of $3.40 in January 2018. Interestingly, it did not reach a new high in 2021, possibly due to an ongoing legal battle with the US SEC. The SEC alleges XRP's sale violates securities laws, though a district court ruled otherwise last year. As the lawsuit awaits a high court decision, investors anticipate potential market impact if the ruling aligns with the district court's
#RippleTrends #Ripple.was.trading #ripple
#Cryptospeak
#cryptocarancy

JUP Token Soars After Massive $700M Jupiter Airdrop to Solana Wallets
One of the biggest token airdrops ever on the Solana (SOL) blockchain appeared to execute largely without major issues Wednesday with the chain staying upright as Jupiter started distributing roughly $700 million worth of its JUP token to nearly a million wallets.

The token itself began climbing in price immediately after its debut at 10 a.m. ET (15:00 UTC). Early bids came in around $0.41 and by press time they'd climbed to $0.72, giving JUP a fully diluted market cap north of $6 billion.

token's value was the performance of the blockchain it trades on: Solana. The network held up to the barrage of activity around JUP, observers told CoinDesk, processing the masses who attempted to claim it and also quickly trade it on decentralized exchanges, or DEXs, without much incident.

"Surprisingly, nothing notable" went wrong during the early moments of the airdrop, said 7Layer, the pseudonymous operator of the Overclock validator, part of the network of computers that process transactions for the Solana blockchain. "The server has looked pretty close to normal."

However, the launch was not entirely without hiccups. Some RPC nodes – the go-betweens for wallets and the network – struggled to keep up with user demands, especially in the first 30 minutes of the airdrop, according to validators discussing the airdrop in Solana's Discord server.

"The average end user had a lot of trouble in the first 30-45 minutes doing anything at all," one validator wrote on the server. "Glad the consensus layer held up great but let’s be real – the user experience wasn’t great."

#JUP #SolanaGiveaway #CryptoGuidance

#RippleTrends
#ETHERUM #BitcoinDreams
Technical Analysis: The FXStreet team will offer the most accurate technical analysis to help the individual investor find trading opportunities. Technical confluences, technical levels, forecasts and trading positions will be some of the tools our market analysts will use to explain the behavior of the market.

Bitcoin This digital system based on the blockchain was conceived in 2009 by Satoshi Nakamoto, with its identity unknown to this day. Currently occupies the first position in the ranking of market capitalization and has various forks, representing the variation of existing cryptocurrency, but acting as an independent entity, emerged since 2017. Forks such as Bitcoin Gold, Bitcoin Cash, with the total number of forks currently exceeding ten. Unlike other cryptocurrencies such as Ripple or Ethereum, the production of Bitcoin will continue to reach 21 million Bitcoin.

Ethereum: an open-source cryptocurrency launched in 2015 and proposed by Vitalik Buterin, Garvin Wood, and Joseph Lubin. It is based on the blockchain model whose main objective is the decentralization of the market. In 2016 there was a fork from which the Classic Ethereum emerged. Currently and since its inception, Ethereum ranks second in tems of the market capitalization.

Ripple: Similarly to Bitcoin and Ethereum, Ripple is a decentralized payment system based on open-source. In fact, the project came years before its competitors, specifically in 2004 at the hands of Ryan Fugger. However, it was not until 2016 when he obtained the license to operate it. Unlike the previous ones, Ripple does not have mining operations nor will new currencies be created in the future. It is the third largest cryptocurrency in terms of market capitalization.
#Cryptogems01

MAIN CRYPTOCURRENCIES

Regulation: One of the most important drivers of the cryptocurrency price is the regulation. In news feed of FXStreet, the regulation follows all the news regarding the new laws and considerations that the main market regulators are creating. Understanding the positions of the individual governments towards different cryptocurrencies is crucial for the trading of the individual investor.

Forks: Cryptocurrency forks are major milestones in the history of any digital currency. And also one of the most confusing topics for both experienced and new traders. Being aware of the decisions of the cryptocurrency community and the planning of future forks could help you to control risks and find the market opportunities.

Mining: Cryptocurrency networks work as decentralized networks based on the person-to-person basis (P2P). Mining is a crucial activity that validates the cryptocurrency transactions. Changes to the rules and to the mining technology could affect prices and impact on the trading strategy of the individual investor.

Technical Analysis: The FXStreet team will offer the most accurate technical analysis to help the individual investor find trading opportunities. Technical confluences, technical levels, forecasts and trading positions will be some of the tools our market analysts will use to explain the behavior of the market.

Bitcoin digital system based on the blockchain was conceived in 2009 by Satoshi Nakamoto, with its identity unknown to this day. Currently occupies the first position in the ranking of market capitalization and has various forks, representing the variation of existing cryptocurrency, but acting as an independent entity, emerged since 2017. Forks such as Bitcoin Gold, Bitcoin Cash, with the total number of forks currently exceeding ten. Unlike other cryptocurrencies such as Ripple or Ethereum, the production of Bitcoin will continue to reach 21 million Bitcoin.

Ethereum: an open-source cryptocurrency launched in 2015 and proposed by Vitalik Buterin, Garvin Wood, and Joseph Lubin. It is based on the blockchainb

#SpotBitcoinETF #BitcoinETE #ETFs. #poligon Spot Bitcoin ETFs Control 3.3% of Total Supply
A recent analysis revealed that the 11 entities that have been approved to offer spot Bitcoin ETFs now control about 3.3% of all Bitcoin currently available.
Polygon Labs Cuts 19% of Workforce for Performance Boost
Polygon Labs announced the elimination of 60 positions, which constitutes about 19% of its workforce, according to a blog post published on Thursday.