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The cryptocurrency market is recovering from last year’s slump after Bitcoin climbed above the $51,000 mark in 2024. The US Securities and Exchange Commission (SEC) approved the Bitcoin ETF in mid-January causing the cryptocurrency market to rally. Bitcoin, Ethereum, and other leading altcoins touched new monthly highs as an influx of institutional investments entered the market.
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Ripple Partners Axelar to Boost Real-World Asset (RWA) Tokenization on XRP Ledger
Ripple partnered with the Axelar Foundation to boost interoperability within the XRP Ledger (XRPL) blockchain, with a specific emphasis on advancing the tokenization of real-world assets (RWAs).
The integration of the Axelar network with the XRPL aims to strengthen the layer 1’s DeFi ecosystem by providing necessary liquidity for stablecoins and high-value assets. Meanwhile, the developers will benefit from leveraging the XRPL’s inherent features, such as its native DEX, upcoming AMM, and renowned payment system known for its security and efficiency.
Focus on RWA
“Tokenization,” especially of “real-world assets” (RWAs), has emerged as a major trend in the crypto industry, witnessing a considerable uptake in recent years, drawing interest from both individual users and major institutional players.
In a bid to leverage this trend, the Axelar Foundation seeks to expand the adoption of blockchain technology by facilitating the tokenization of real-world assets (RWAs) with its partnership with Ripple.
Furthermore, the Axelar network will facilitate the deployment of cross-chain dApps directly on the XRPL. In addition to conventional asset bridging, Axelar introduces General Message Passing (GMP), which is expected to enhance XRPL’s capabilities by allowing developers to execute function calls on smart contracts across more than 55 connected blockchains.
This functionality ensures secure, cross-chain exchange of various payloads, including data and function calls, through Axelar’s GMP.
In a statement, David Schwartz, CTO of Ripple and Co-creator of the XRPL, said,
“This initiative from Axelar will help enhance the XRPL’s interoperability by extending it to a wider network of blockchain environments while complementing the XRPL’s rich feature set and opening up new pathways for utility and innovation.”
Ripple partnered with the Axelar Foundation to boost interoperability within the XRP Ledger (XRPL) blockchain, with a specific emphasis on advancing the tokenization of real-world assets (RWAs).
The integration of the Axelar network with the XRPL aims to strengthen the layer 1’s DeFi ecosystem by providing necessary liquidity for stablecoins and high-value assets. Meanwhile, the developers will benefit from leveraging the XRPL’s inherent features, such as its native DEX, upcoming AMM, and renowned payment system known for its security and efficiency.
Focus on RWA
“Tokenization,” especially of “real-world assets” (RWAs), has emerged as a major trend in the crypto industry, witnessing a considerable uptake in recent years, drawing interest from both individual users and major institutional players.
In a bid to leverage this trend, the Axelar Foundation seeks to expand the adoption of blockchain technology by facilitating the tokenization of real-world assets (RWAs) with its partnership with Ripple.
Furthermore, the Axelar network will facilitate the deployment of cross-chain dApps directly on the XRPL. In addition to conventional asset bridging, Axelar introduces General Message Passing (GMP), which is expected to enhance XRPL’s capabilities by allowing developers to execute function calls on smart contracts across more than 55 connected blockchains.
This functionality ensures secure, cross-chain exchange of various payloads, including data and function calls, through Axelar’s GMP.
In a statement, David Schwartz, CTO of Ripple and Co-creator of the XRPL, said,
“This initiative from Axelar will help enhance the XRPL’s interoperability by extending it to a wider network of blockchain environments while complementing the XRPL’s rich feature set and opening up new pathways for utility and innovation.”
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Crypto Exchange Reveals When The XRP Price Will Reach $500
Cryptocurrency exchange, Changelly, has predicted a major bullish upsurge for the XRP price. According to the exchange’s report, XRP is poised to rise to new all-time highs above $500 over the next two decades.
XRP Price To Surge Above $500
On February 27, Changelly published a research report on XRP’s growth potential, highlighting the cryptocurrency’s historical price movements and predicting a major price spike in a few years.
The crypto exchange provided a technical overview of the XRP price, emphasizing a prevalence of bearish indicators over bullish ones, with bearish trends accounting for 69% compared to the 31% bullish sentiment.
Despite this analysis, Changelly foresees a considerable upswing in the XRP price in the coming decades, estimating the cryptocurrency to trade at an average value of $563.32 by 2050. The projected trading range also includes a maximum cost of $634.05 and a minimum of $533.85.
Achieving this price surge would mark a historical milestone for XRP, particularly considering the cryptocurrency’s ongoing challenges in rebounding from bearish trends. “We may very well see XRP go to the moon again in the future,” Changelly stated.
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Cryptocurrency exchange, Changelly, has predicted a major bullish upsurge for the XRP price. According to the exchange’s report, XRP is poised to rise to new all-time highs above $500 over the next two decades.
XRP Price To Surge Above $500
On February 27, Changelly published a research report on XRP’s growth potential, highlighting the cryptocurrency’s historical price movements and predicting a major price spike in a few years.
The crypto exchange provided a technical overview of the XRP price, emphasizing a prevalence of bearish indicators over bullish ones, with bearish trends accounting for 69% compared to the 31% bullish sentiment.
Despite this analysis, Changelly foresees a considerable upswing in the XRP price in the coming decades, estimating the cryptocurrency to trade at an average value of $563.32 by 2050. The projected trading range also includes a maximum cost of $634.05 and a minimum of $533.85.
Achieving this price surge would mark a historical milestone for XRP, particularly considering the cryptocurrency’s ongoing challenges in rebounding from bearish trends. “We may very well see XRP go to the moon again in the future,” Changelly stated.
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Tron ecosystem
Despite the uncertainties surrounding ETFs, Tron continues to forge ahead with its mission of decentralizing the internet through decentralized finance (DeFi) initiatives. Initially launched with this ambitious goal, Tron has evolved into a robust and scalable network within the crypto ecosystem.
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Despite the uncertainties surrounding ETFs, Tron continues to forge ahead with its mission of decentralizing the internet through decentralized finance (DeFi) initiatives. Initially launched with this ambitious goal, Tron has evolved into a robust and scalable network within the crypto ecosystem.
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Major Bitcoin correction after halving predicted by top analyst$
Major Bitcoin correction after halving predicted by top analyst Michael van de Poppe, crypto analyst and trader from Amsterdam, has recently taken to X platform to share his latest Bitcoin price prediction. According to the analyst, the current Bitcoin rise will likely peak around $54,000 or could even reach $58,000. This should presumably occur before the Bitcoin halving event that is set to take place in two months. However, van de Poppe threw some cold water on those who believe that the halving will immediately fuel Bitcoin's bullish surge, as he expects a “substantial correction to $40,000-$42,000” after the halving has arrived. In general, van de Poppe believes that the price of the leading crypto will rise much higher than his prediction. Last week, he wrote on his X account that the price is likely to reach as high as $300,000-$600,000 thanks to institutional demand for Bitcoin
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Major Bitcoin correction after halving predicted by top analyst Michael van de Poppe, crypto analyst and trader from Amsterdam, has recently taken to X platform to share his latest Bitcoin price prediction. According to the analyst, the current Bitcoin rise will likely peak around $54,000 or could even reach $58,000. This should presumably occur before the Bitcoin halving event that is set to take place in two months. However, van de Poppe threw some cold water on those who believe that the halving will immediately fuel Bitcoin's bullish surge, as he expects a “substantial correction to $40,000-$42,000” after the halving has arrived. In general, van de Poppe believes that the price of the leading crypto will rise much higher than his prediction. Last week, he wrote on his X account that the price is likely to reach as high as $300,000-$600,000 thanks to institutional demand for Bitcoin
#Write2Eam #TrendingTopic