Ripple to reset XRP Ledger Testnet on August 19th for enhanced stability.
SINGLE INTEREST surprises XRP community with 100 million token airdrop.
Trump’s plan to use Bitcoin to pay off U.S. national debt could impact XRP price as well.
RippleX has notified XRPL developers of a scheduled Testnet reset slated for August 19, 2024, beginning at 3:00 AM EST. The reset will last around 15 minutes, during which the Testnet may be temporarily unavailable. This maintenance aims to enhance the Testnet’s stability and reduce operational costs associated with running a Testnet node. RippleX will provide updates once the reset is complete, ensuring users are informed of any changes.
🚨Attention #XRPL Developers: we're planning a Testnet reset on August 19, 2024, starting at 3:00am EST. The reset will take approximately 15 minutes, during which the Testnet may be unavailable. Resets improve the Testnet stability and reduce the cost of running a Testnet…
— RippleX (@RippleXDev) August 5, 2024
Besides the Testnet reset, the XRP community is buzzing about a surprise announcement from SINGLE INTEREST. The platform has revealed a random airdrop of 100 million SINGLE | XRPL tokens. To be eligible, participants must deposit at least 6,969 SINGLE tokens into the XRP/SINGLE Automated Market Maker (AMM) pool.
This initiative aims to improve risk mitigation strategies while offering participants a chance to receive additional tokens through the airdrop. This step is expected to stimulate engagement and participation within the XRP ecosystem.
Exciting Update: Next 100 Million SINGLE | XRPL Random Airdrop!We're thrilled to announce a small adjustment to our upcoming random airdrop of 100 million SINGLE | XRPL tokens.To qualify, participants must deposit a minimum of 6,969 SINGLE into our XRP/SINGLE AMM pool.…
— SINGLE INTEREST ® (@single_interest) August 5, 2024
Currently, XRP is trading at $0.488975 with a 24-hour trading volume of $4,160,630,036. Despite a 6.67% decline in the past 24 hours, XRP maintains a market cap of $27,382,226,025. The circulating supply is 55,999,283,950 XRP, with a maximum supply set at 100,000,000,000 XRP coins.
Moreover, notable market movements are anticipated following Donald Trump’s recent announcement. Trump has unveiled a plan to potentially use Bitcoin to eliminate the $35 trillion U.S. national debt. This ambitious proposal could highly impact the crypto ecosystem as a whole and altcoins like XRP’s value are predicted to reach $189.50.
🚨: Donald Trump has officially announced a bold plan to eliminate the $35 trillion U.S. National Debt by potentially utilizing XRP! This could potentially lead to a value of $189.50 per #XRP!This development could result in unprecedented market activity on the XRPL, with DeFi… pic.twitter.com/1Tpd0XH4Go
— Brett Hill (@Brett_Crypto_X) August 5, 2024
Consequently, this development is likely to trigger unprecedented market activity on the XRPL. Furthermore, the leading DeFi token on XRPL, TokenCTF, is forecasted to experience a dramatic rise from 0.49 XRP to an impressive 374.25 XRP. This surge is expected to push its market cap beyond $10 billion, presenting a compelling investment opportunity.
The post XRP Ledger News: Testnet Maintenance, Airdrop, Trump Plan appeared first on Coin Edition.
