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This price increase also allowed the altcoin to strengthen against its biggest competitor, Bitcoin (BTC), by about 0.71% throughout the past day.
The altcoin market leader was worth about $1,814.41 after it experienced a 1.61% price increase over the past 24 hours of trading.
Garlinghouse’s ETA on the resolution presents an expedited timeline as compared to the community sentiment, which estimated that a verdict may take months.
Garlinghouse’s comments came during an interview with Mukaya Panich, the CEO of SCB 10X. SCB 10X is currently hosting its 4th Annual DeFi and Web3 Virtual Summit, featuring industry leaders like Circle Chief Jeremy Allaire, Arbitrum CEO Steven Goldfeder, Chainalysis CEO Michael Gronager, and Curve co-founder Michael Egorov.
Brad Garlinghouse, the man behind enterprise blockchain solution firm Ripple, expects a resolution in the controversial lawsuit filed by the U.S. Securities and Exchange Commission (SEC) within the next few weeks.
BRC-20 tokens are a phenomenon we haven't seen before," said Gordon Grant, co-head of trading at Genesis trading.
Enter BRC-20, the first class of crypto tokens to be built on the bitcoin blockchain, besides bitcoin itself. Nearly 25,000 of the experimental coins have already been minted this year, sending transactions through the roof.
Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin's dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from 38% at the start of the year.
Due to a technical issue causing a misleading surge in NFT mint volume, blockchain analytics platform Nansen has excluded Lido NFTs from its NFT paradise service.
The post Popular Crypto Analyst Predicts ETH’s Price to Reach $2K Soon appeared first on Coin Edition.
The recent drop in ADA’s price pushed its weekly performance further into the red. As a result, ADA’s weekly performance stood at -2.85% at press time.
ADA’s 24-hour trading volume stood at $135.789 million, following a 24-hour increase of 45.18%. Furthermore, the price of ADA was nearer to its 24-hour high of $0.3654, while the altcoin’s daily low stood at $0.3573.
Cardano (ADA) Current Market Standing
Cardano (ADA) is ranked as the seventh biggest project in terms of market cap, according to CoinMarketCap. It experienced a 24-hour price drop of 0.42%, taking its price down to $0.3637 at press time. The Ethereum-killer’s market cap stood at $12.681 billion as a result.
Cardano (ADA) is ranked as the seventh biggest project in terms of market cap, according to CoinMarketCap. It experienced a 24-hour price drop of 0.42%, taking its price down to $0.3637 at press time. The Ethereum-killer’s market cap stood at $12.681 billion as a result.
Notably, Arbitrum is a Layer 2 scaling solution for Ethereum that offers fast, low-cost transactions, making it an ideal platform for perpetual platforms, which are derivatives contracts that allow users to bet on the price of an underlying asset.
Despite the potential farming activity, @Arbitrum found a niche within DeFi, gaining mass adoption for perpetual platforms such as @GMX_IO.Additionally, user adoption increased by over two-fold, even after the end of the promised token incentive. pic.twitter.com/ugZOFpaNer
— Messari (@MessariCrypto) May 21, 2023
— Messari (@MessariCrypto) May 21, 2023
What’s particularly noteworthy is the sustained growth in user adoption, even after the conclusion of the promised token incentives. Messari revealed that user adoption increased over two-fold, even after the promised token incentive ended.
Kennedy has been vocal in his support for BTC, mining, and the broader crypto industry.
The 2024 Presidential election candidate expressed solidarity with the Bitcoin community at the Bitcoin 2023 conference.
Robert Kennedy Jr. has announced that he will start accepting Bitcoin for his political campaign donations.