XRP’s Price Doesn’t Match Its Growing Real-World Use, Study Finds
According to Bayberry Capital, XRP’s market price does not match its real-world role. The hedge fund firm argues the token is often judged like a speculative coin when it actually serves as plumbing for moving value between financial systems. Related Reading: Bitcoin Near Breaking Point As It Tests Its Most Crucial Support Line—Analyst The research compares the current stage of XRP to early internet infrastructure — quiet work laying the base while prices drift — and says many investors miss that deeper build-out. Ripple CEO Brad Garlinghouse has also stressed the token’s role across....
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XRP has spent the past week on the continuation of a downtrend from the previous week, slipping from above $2.50 before rebounding around $2.12 and now hovering around $2.30. The price action reflects a market struggling to find direction, caught between bullish optimism and lingering selling pressure. Despite the broader slowdown in its price action, technical analysis shows that XRP is still displaying a resilient structure on the charts that maintains its critical support levels. According to Egrag Crypto, a popular analyst known for his long-term technical outlooks on XRP, the token....
The price of Zcash is recording one of the most astonishing rallies in the crypto market despite the ongoing bearish conditions. Over the past few weeks, we have seen a resurgence in the privacy narrative. Zcash (ZEC), one of the oldest and best-known privacy coins, is up by about 700% since September. The pump in recent days is notable, as it comes at a time when the entire crypto industry is being dragged down due to Bitcoin’s decline towards $100,000. It raises the question of how Zcash is managing this performance, and there are different theories on social media as to why this....
Bitcoin’s price has struggled to maintain stability above $102,000 in recent days, and data shows this is due to an apparent imbalance between selling pressure and fresh demand. On-chain data from CryptoQuant reveals that while long-term holders have been actively taking profits, the market is showing limited capacity to absorb their sell-offs. This is a contrast to previous phases of the bull run, where rising demand was able to offset increased long-term holder activity. Related Reading: XRP’s Price Doesn’t Match Its Growing Real-World Use, Study Finds Rising Long-Term Holder Selling....
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using service providers such as banks that charge an average of 10.89%. Marginal decline Mobile operators are the cheapest as their sending costs averaged 3% and below during the period under review. Still, the study, which predictably excludes cryptocurrencies, shows a marginal decrease in the Global....
A market study conducted by research and analysis firm Juniper speculates that bitcoin valuation will spike this year, citing the prospect of a Trump presidency in the US. Furthermore, the study finds that bitcoin transactions are speculated to exceed $92 billion in valuations this year, more than tripling the $27 billion value scaled in 2015. If presumptive Republican presidential nominee Donald Trump wins the U.S. presidential elections, the ensuing turmoil on world markets could lead to bitcoin thriving in such an environment, states a new study by Juniper Research. “If Donald Trump....