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Ripple / US Dollar

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Cryptocurrency Ripple / US Dollar

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The cryptocurrency market is experiencing a downturn, with major coins like Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) in the red. Despite this, an analyst predicts Ethereum could outperform Bitcoin (BTC) in the near future. Ethereum's upcoming Dencun upgrade is expected to improve transaction speeds and reduce costs, which may be driving whale accumulation of the asset. Ethereum's total value locked has also increased by 9.1% over the past month.

Portfolio Pulse from Khyathi Dalal

January 22, 2024 | 10:33 pm

XRP (CRYPTO: XRP) has seen a 4.65% price drop in the last 24 hours, continuing a negative trend with a 7.0% decrease over the past week. The trading volume has fallen by 26.0%, while the circulating supply has slightly increased. XRP's market cap ranking is currently #6, valued at $28.64 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:02 pm

At the World Economic Forum in Davos, a panel called for more precise crypto regulation and questioned the utility of meme coins like Dogecoin. Ripple CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility, while Dogecoin co-founder Shibetoshi Nakamoto defended it, comparing its fundamentals to Bitcoin. Dogecoin's price surged by 10% after the introduction of a specialized payment account, despite trading down 1.12% at the time of writing.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 7:46 am

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs, with tech and AI stocks driving gains. Consumer data showed strong retail sales and high confidence. At Davos, AI's potential and need for regulation were discussed, impacting views on cryptocurrencies like Dogecoin (DOGE) and Ripple (XRP). Meta Platforms is heavily investing in AI for the metaverse. Fed rate cut expectations have been adjusted with mixed views from financial leaders.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 9:42 pm

Cryptocurrency analyst Michael Van de Poppe discussed the current state of meme coins, highlighting Solana's BONK, Floki, and TokenFi. BONK saw a 9900% increase in 2023, benefiting from strong community support and Solana's resurgence. Van de Poppe believes meme coins will continue to be driven by community strength and hype rather than utility. Floki's developers launched TokenFi, a tokenization platform for real-world assets, aiming to transition from a meme coin to a serious DeFi project. This aligns with industry trends towards tokenization, as noted by BlackRock's Larry Fink.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 4:23 am

At the WEF meeting in Davos, a crypto panel including Ripple CEO Brad Garlinghouse and Grayscale CEO Michael Sonnenshein discussed the need for regulatory clarity in the cryptocurrency industry. They expressed optimism for the industry's future, citing the approval of Spot Bitcoin ETFs as a significant milestone. The panel rejected the value of meme coins like Dogecoin and emphasized the importance of CBDCs and regulated stablecoins. The SEC was criticized for its slow response to crypto regulation, and the panel called for harmonization of regulations to prevent arbitrage.

Portfolio Pulse from Ivan Crnogatić

January 18, 2024 | 7:07 pm

XRP (CRYPTO: XRP) has seen a 3.03% price drop in the last 24 hours, continuing a negative trend with a 9.0% decrease over the past week. The trading volume has fallen by 64.0%, while the circulating supply has risen by 0.54% to over 54.34 billion, which is 54.34% of its max supply. XRP's market cap is currently ranked #6 at $29.98 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:01 pm

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's approach to crypto regulation at the World Economic Forum in Davos. Garlinghouse called Gensler a 'political liability' and expressed concerns about the U.S. falling behind in crypto regulation. He mentioned the possibility of an IPO for Ripple but stated it is not an immediate priority. Garlinghouse also commented on the approval of Bitcoin ETFs and the potential for other crypto-based ETFs.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 3:54 am

XRP (CRYPTO: XRP) has seen a 4.48% decrease in price over the last 24 hours, falling to $0.58, despite a 2.0% gain over the past week. The trading volume has decreased by 3.0%, while the circulating supply has increased by 0.1%, bringing it to 54.27 billion, which is 54.27% of the max supply. XRP's market cap is currently ranked #6 at $31.32 billion.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 7:00 pm

XRP (CRYPTO: XRP) has seen a significant price increase of 10.96% in the last 24 hours, reaching $0.62. Over the past week, the cryptocurrency has gained 6.0%, rising from $0.58. The all-time high for XRP is $3.40. Trading volume has risen by 39.0% over the past week, and the circulating supply has grown by 0.17% to over 54.21 billion, which is 54.21% of the max supply. XRP's market cap is currently ranked #6 at $33.51 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:00 pm

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