Corporate Capitulation: Is Ripple’s Buyback A Sign Of XRP Struggles?
XRP continues to be one of the most disappointing and dormant altcoins in the cryptocurrency market, three years running. The recent Bitcoin rally has caused the altcoin to fall to new lows on the XRPBTC pair, which analysts claimed could cause its army of supporters to “admit defeat.” Instead, Ripple themselves have decided to buy […]
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PRESS RELEASE. Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program. The company’s Board of Directors approved an initial repurchase of $12 million of its NEXO Token on an open-market principle, with the decision coming into force with immediate effect. Part of the company’s recently launched tokenomics overhaul Nexonomics, the move seeks to further boost the value of the NEXO Token, which marked a 160% price increase since the campaign’s launch in late October. The....
In the world of altcoins, Litecoin, Ethereum, and even Monero have all had some moments in the sun. However, the one that may end up being the most successful of them all is Ripple (XRP), and they have joined Bitstamp’s digital currency exchange this week. XRP Trading Comes at Bitstamp. Beginning on Wednesday, Bitstamp users can create Ripple’s XRP deposits and withdrawals, with full-service trading to begin on Tuesday, January 17th. When full trading commences, there will be 0% in fees for the first 30 days. Bitstamp specifically cited a natural demand for Ripple that forced them to....
Originally launched on June 15th, 2021, EverRise is a blockchain technology company that offers bridging and security solutions across multiple chains through an ecosystem of decentralized applications. With their RISE token, they were the first to bring the buyback to crypto. Since then, the buyback mechanic has become standard in space with countless forks.
EverRise v2.0
EverRise is working on bringing their ecosystem of dApps to as many blockchains as possible to increase adoption of safety protocols across all DeFi.
Keeping that in mind, EverRise, have recently....
Cryptocurrency OBITS has called to end its crowdsale with the introduction of its first buyback, a dividend option and a new fiat gateway on OpenLedger, a decentralized trading platform based on BitShares 2.0. The crowdsale, according to OBITS issuer and market maker CCEDK, has managed to raise more than 700 BTC — equivalent to $270,000 — before conclusion. The Danish decentralized cryptocurrency exchange now plans to move ahead with OBITS’ first buyback program, which will take place on February 2nd this year. The new profits “will be used for market-making and to add value to the end....
When considering price volatility in digital marketplaces, buyback-and-burn strategies in crypto offer long-term price stability and token value growth. Are buybacks the way forward?Self-investment by businesses is not new and has long been a standard tool for price stabilization (or inflation) in the traditional financial market.Binance, Nexo and others are among the projects that have carried out buybacks. Nexo's buyback, for example, was motivated by the core development team's conviction in the asset's significant undervaluation. As a result, they decided to decrease the number of....