XRP tokens will soon be integrated with DeFi applications

XRP tokens will soon be integrated with DeFi applications

The company (Wanchain) is about to merge with (XRP) and will provide liquidity extraction and build farming.

According to a recent announcement by Jack Lu (CEO of Wanchain), decentralized cross-chain bridges of XRP, the fourth largest cryptocurrency in terms of market value, will be activated in the main network:

This means that XRP tokens can now be used to extract liquidity and build farming.

This cross-chain integration allows XRP owners to take advantage of various applications in Wanchain and Ethereum as well, and can interact with Bitcoin and EOS, the two previously added chains.

Emi Yoshikawa, chief executive of Ripple Global Operations, said he was very excited to see the XRP ecosystem expand to support new uses such as DeFi.

An overview of today's cryptocurrency market Sunday, April 11

Bitcoin drops back below $ 60,000

After three weeks of waiting, Bitcoin finally reached the price level of more than $ 60,000 yesterday. In addition, the currency moved upwards and reached the price level of $ 61,200.

However, the situation has changed since then. Just when everyone was very happy with the trend, Bitcoin started to retreat again.

In the following hours, Bitcoin lost about $ 2,000 and reached a lower price level of $ 58,300 at (Bitstamp Exchange) and was able to return to above 60 before falling to its current level of $ 59,500. , Reach $ 000.

 Technical indicators show that $ 60,000 is the first major resistance level against the rise of Bitcoin, which could not close the daily candle above yesterday. If the Bitcoin is bullish, it will have to cross the next resistance level of $ 61,170. This price level is the same as the peak price of March, which is $ 61,780. The price could continue to decline if the Bitcoin goes below the support levels of $ 59,070, $ 58,355 and $ 57,695.

Ripple jump to higher levels; XLM among the top 10 currencies

The Altcoin market also had a pleasant trend since Saturday. Atrium was able to reach the highest price level of $ 2200 with the highest price in all time. However, the second largest digital currency at the time fell slightly more than 2% to just over $ 2,100.

Baines Quinn (BNB) also set a new record at $ 485, but calmed down to $ 475. Nevertheless, Binance Quinn has grown by more than 40% over the past week.

Polkadot (-5%), Cardano (-3%), Uniswap (-4%), and Chainlink (-3%) also moved again in the 24-hour timeframe.

Meanwhile, LightQueen rose 10% to $ 250 and Stellar rose 25% to $ 0.61. Also, XLM currency in the market has replaced LINK currency in the list of top 10 currencies in the market.

Ripple performed better than all the larger altcoins. The blockchain-based payment processor won another legal battle against the SEC because Judge Net. Sarah Netburn stopped the commission from trying to access the personal financial records of Ripple executives.

Ripple was able to rise about 40% in the next few hours, hitting a three-year high of $ 1.4.

We saw an increase in digital currencies including Elrond (15%), Reserve Rights (13%), Zcash (10%), IOTA (10%), and NEM (10%).

Despite some corrections in currencies such as Dent (-16%), Holo (-15%), KuCoin Token (-15%), Pundi X (-15%) and others, the market value of cryptocurrencies is over 2 trillion The dollar remained.

Weekly Gold Ratings at Kitco Sunday, April 11

According to Kitco News, optimism has been boosted again by rising global gold prices. An ounce of global gold has been able to defend its previous support and seems to be looking to cross the key and psychological level of $ 1750. That's why market participants expect the global medium-term ounce trend to be bullish. However, some analysts have warned that it is too early to talk about the XAUUSD uptrend.

This week, 15 Wall Street activists took part in the weekly evaluation of the Kitco site. Meanwhile, 60% of participants predict that the global gold ounce trend will be bullish. Another 20 percent predict a downtrend and the rest expect a trend-free or neutral market. Meanwhile, 1,201 Main Street investors took part in an online poll. 65% are in favor of an uptrend, 20% are in favor of a downtrend and 16% are in favor of a trend-free market.

Optimism for a short-term uptrend also strengthened among small investors and market traders after the global ounce price of key support jumped below $ 1,700. Last week, the price of an ounce of global gold climbed to around $ 1760, however, it ended the week below $ 1750. On Friday, we saw intensifying sales pressures in the gold market. The rise in Treasury yields and the strengthening of the US dollar in response to PPI data (manufacturing sector inflation) were the main reasons for the slight decline in the global ounce gold price. Inflation in the US manufacturing sector reached 4.2 percent per year, the fastest growth since September 2011.

Comments of market participants

Adam Button Senior Market Strategist at Forexlive.com

The closing of the global gold price above $ 1755 could be a confirmation of the formation of the twin floor pattern. In this case, the price of an ounce of world gold will rise to $ 1840. "But if the price of an ounce of global gold fails to rise, it will fall to $ 1,676 and below."

Charlie Nedoss Senior Market Strategy at LaSalle Futures Group

This professional activist no longer pays attention to the widespread selling pressures in the treasury securities market (rising bond yields). In his view, the Federal Reserve is not looking to raise interest rates in the near future. "The Fed wants to see real growth in economic indicators and then think about raising interest rates. I think this will stop the US dollar from rising and support the ounce of global gold. "Especially since the US dollar has not yet been able to stay above the 200-day moving average." Ndos is optimistic about the increase in the price of an ounce of global gold. Gold was able to maintain its position above the 200-day moving average. "Gold has hit the price floor of the oscillating range and it seems that this time it is time to touch the ceiling of this range. "I expect the price of an ounce of global gold to cross the $ 1760 resistance level."

Darin Newsom Independent Market Analyst

According to the activist, at least in the medium term, the rising strength of the US dollar has weakened. According to him, the probability that the price of an ounce of world gold will reach higher levels is serious. Gold and the US dollar are inversely related.

Marc Chandler, Senior Market Strategist at Bannockburn Global Forex

This professional activist is not very optimistic about the upward and short-term trend of gold. "Next week, the rise in the value of the US dollar and the rate of return on Treasury bonds may prevent the price of an ounce of gold from rising. US economic and inflation data are on the rise. The break in the $ 1730-1728 support area could push the global ounce price up to $ 1,700.

Adrian Day, Director of Adrian Investment Company

The professional activist believes that the trend of global ounce of gold in the coming week will be neutral. According to him, the market will fluctuate in a limited range. "I doubt gold can make a significant move in the next few weeks," he said. "I think the price of gold will fluctuate between $ 1,680 and $ 1,745."

The price of Ethereum could reach $ 10,000 in 2021

The price of Ethereum could reach $ 10,000 in 2021

According to veteran trader Scott Melker, Ethereum's "tremendous upside potential" could overshadow bitcoin, and Ethereum would perform better than bitcoin, at least in the short term.

Malker sees this period of Bitcoin price stabilization as the second cryptocurrency to reach new heights recently. Melker considers Ethereum's bullish potential to be a major factor in the recent bullish market.

He also revealed that over the past few months he has changed his medium-sized investment strategy from Bitcoin to Ether to take advantage of Atrium's "tremendous uptrend".

"It's like investing in the Internet for me in the early 1990s," Malker said. Ethereum could reach $ 10,000 by the end of 2021, Malker said.

Ripple's second legal victory over the SEC boosted it by 17 percent Saturday, April 10

Ripple's second legal victory over the SEC boosted it by 17 percent Saturday, April 10

Ripple has won its second major victory in the past week in its legal battle against the US Securities and Exchange Commission (SEC). The judge in the case, Sarah Netborn, barred the Securities and Exchange Commission from accessing the personal financial records of Ripple Board executives Garlinghouse and Chris Larsen.

Following this news, the price of XRP has increased significantly and was able to reach $ 1.18 with a growth of 17%. At the time of writing, XRP is trading in exchanges at $ 1.16 with a market cap of $ 51.9 billion. With this move, XRP took the place of Tetr with a weekly growth of 76%.

Apple Stock Performance Review (AAPL) Saturday, April 10

Apple Stock Performance Review (AAPL) Saturday, April 10

Shares of Apple Corps (NASDAQ: AAPL) closed up 2.02% at $ 133 on the last trading day. The overall stock market experienced an uptrend on the last day, with the Nasdaq Composite Index rising 0.51% to 13,900.19 and the Dow Jones Industrial Average (DJIA) up 0.89% to 33%. ٫ 800.60 units increased. Yesterday marked the seventh consecutive day of profits for Apple shares. On the other hand, Apple shares closed $ 12.10 lower than their last 52-week high of $ 145.09, which was recorded on January 25.

Let's compare the performance of some of Apple's competitors. Microsoft Shares (MSFT), for example, rose 1.03% to $ 255.85. Shares of Alphabet (GOOGL) rose 0.9 percent to $ 2,270.67 and IBM rose 0.02 percent to $ 135.73.
Apple shares traded up $ 105.2 million, well above their 50-day moving average of $ 104.4 million.

XRP returns to the Kevin Gate payment company platform - Saturday, April 10

XRP returns to the CoinGate payment company platform - Saturday, April 10

CoinGate, a digital currency payment service based in Lithuania, has returned the XRP token to its platform.

The company announced in an April 9 announcement that non-US users could now purchase the XRP token and use it as a means of payment.

CoinGate attributed the change to Ripple's success in his legal battle with the US Securities and Exchange Commission.

In particular, he referred to an out-of-court comment made by Judge Sarah Netborn, made by Ripple's lawyer at a hearing:

However, the case began after the first court hearing in Ripple's favor, where one of the judges observed that XRP "has a useful tool that distinguishes it from Bitcoin and Atrium."

The company says that as soon as the legal clarification, we will take the next steps in the lawsuit between the SEC and Ripple.

 

The cryptocurrency community has tirelessly called for XRP to return to US trading platforms after XRP reached its highest price in three years.

 

Coinbase, Binance.US and Kraken have all suspended XRP transactions in the US due to SEC crackdowns.

Important Comments Vice President of the US Federal Reserve

Important Comments Vice President of the US Federal Reserve

The US Federal Reserve (Clarida) has stressed that the Fed will focus more on the performance of economic indicators than on forecasts. "The American economy has to show real progress. A 2 percent inflation ceiling is not in the US economy's interest. Inflation growth is likely to be more than 2% in 2021. "However, such inflation will be transient." The market has not responded to Clarida's remarks.

Ripple joins Crypto Climate deal to eliminate carbon in blockchains

Ripple joins Crypto Climate deal to eliminate carbon in blockchains

Ripple has joined the Crypto Climate Agreement, an initiative aimed at decarbonizing the digital currency industry.

The list of members also includes CoinShares Investment Company and ConsenSys Atrium Development Studio.

These companies will work to ensure that all blockchains are supplied with green energy by 2025. The aim of this initiative is to reduce CO2 emissions to zero by 2040.

Ripple CEO Brad Garlinghaus claimed in a Twitter statement that the crypto renewal was a bold but practical goal.

"It is a big bold goal for crypto to use 100% renewable energy, but it can be done."

For years, Ripple has shown its greenness by showing that XRP is a pre-extracted currency. Last September, the company also partnered with Energy Web.

Introducing the top 10 digital currencies Thursday, April 8

Bitcoin (BTC)

In August 2008, the domain name bitcoin.org was registered. On October 31, 2008, an article entitled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published. This article was written by Bitcoin inventor Satoshi Nakamoto. At present, no one knows who this person or persons are. Finally, on January 3, 2009, the Bitcoin network was created. The market capitalization of this best digital currency is currently estimated at $ 181,122,217,144, which ranks first among other major cryptocurrencies.

Atrium (ETH)

Atrium was launched on July 30, 2015 by Vitalik Buterin. He was a researcher and programmer at Bitcoin Magazine, and in 2013, White Paper published a description of Atrium Digital Currency. Buterin suggested that bitcoin needed a programming language. He decided to create a new platform with a more general programming language. The development was financed through an online contract between July and August 2014, and the system was publicly traded for 11.9 million coins (about 13% of the total working supply). After the collapse of the DAO project in 2016, Atrium split into two Chinese blocks, the new version of which became Atrium, and the original Chinese block called "Classic Atrium" continued to operate. The market capitalization of Atrium, another of the best digital currencies, is currently approximately $ 20,415,489,154. Therefore, it ranks second among the best digital currencies.

Ripple (XRP)

The Ripple digital currency was developed by Ripple as a real-time gross settlement system (RTGS), also known as the Ripple Transaction Protocol (RTXP) or Ripple Protocol. The currency dates back to 2004, when a web developer named Ryan Fugger came up with the idea of ​​creating a decentralized monetary system that could effectively allow people to make their own money. RipplePay.com was launched in 2005 to provide a secure payment system for members of an online community through global networks. Jed McCaleb launched a digital currency system in 2011 in which transactions were approved by consensus among network members - instead of the mining process used in Bitcoin. This new version of the Ripple system was designed to eliminate centralized bitcoin exchanges. One of the advantages of this system was less power consumption than Bitcoin. In addition, in this system, transactions were done much faster. In 2012, Ripple was launched as one of the best digital currencies to facilitate the security and urgency of global transactions using tokens. The current market capitalization of this cryptocurrency is about 11,663,348,834 dollars and it is in the third place.

Bitcoin Cache (BCH)

The next most popular digital currency on the list of best digital currencies is the "Bitcoin Cash Currency", which was created with the idea of ​​creating a more practical bitcoin for small, everyday payments. As of May 2017, Bitcoin payments took about four days, unless a fee was paid, resulting in a relatively large amount of time for small transactions. Finally, the code change was implemented and the Bitcoin Cache was created on August 1, 2017. The cryptocurrency currently has a market capitalization of about $ 5,533,833,360.

LightCoin (LTC)

The next currency is LightQueen, which was released in October 2011 by Charlie Lee, a former Google employee. This cryptocurrency was actually a branch of bitcoin that made a difference in terms such as the time it took to generate a smaller block, increase the maximum number of coins, and a script-based algorithm. As one of the best digital currencies, LightCoin now has a market capitalization of about $ 4,624,544,555.

Bainance Coin (BCH)

The next cryptocurrency is "Binance Quinn", which is on the Binance platform, which was created in 2017. The exchange rate was 1 Atrium for 2,700 BNB or 1 Bitcoin for 20,000 BNB. This currency is only designed for the exchange of cryptocurrencies and it is not possible to exchange it with common currencies. BNB has multiple uses, but in the Binance exchange ecosystem it is used as a token that allows users to receive a discount when paying their transaction fees. The market capitalization of this digital currency is currently around $ 4,054,825,067.

EOS (EOS)

The EOS.IO platform was developed by a private company. The platform was released on June 2, 2018 as open-source software and one billion tokens were distributed on the Atrium China block by block.one. EOS has been released as one of the best digital currencies, according to White Paper. The market capitalization of this digital currency is approximately $ 3,382,278,462.

 

Bitcoin SV (BSV)

Bitcoin SV (Satoshi Vision) is the original Bitcoin designed by nChain. Launched on August 16, 2018, this digital currency recovers the Bitcoin mainstream protocol, keeps it stable, and offers a large scale. The original Bitcoin white paper is listed on the Bitcoin SV website as the main document of this project. Although the price of Bitcoin SV fluctuates, this digital currency quickly became one of the top 10 cryptocurrencies in terms of market capitalization. This digital currency is currently traded in most major exchanges. The market capitalization of this cryptocurrency is now around $ 2,372,798,942.

Stellar (XLM)

"Stellar" was created in 2014 by "Jed McCaleb" and "Joyce Kim". It was initially based on the Ripple protocol, but eventually the network split into several sections. Stellar is an open source money exchange protocol in which servers use the Internet to connect and connect with other Stellar servers and form a global value-sharing network. The market capitalization of this digital currency is currently approximately $ 1,405,157,741.

Monroe (XMR)

Monroe is an open source cryptocurrency created in April 2014 and focuses on topics such as decentralization, interchangeability and privacy. Monroe Digital Currency uses a vague general ledger. This means that anyone can broadcast or send transactions, but no outside observer can say the source, amount or destination of the transaction. Monroe Digital Currency uses the Proof of Work mechanism to issue new coins and encourage miners to secure the network and validate transactions. The cryptocurrency market capitalization is currently approximately $ 1,382,441,567.