As an analyst with over two decades of experience in the financial markets, I find myself intrigued by the recent developments in the crypto space. Let’s take a closer look at these stories:
U.Today presents the top three new stories over the past day.
10 reasons why Stellar (XLM) is most underrated crypto, by XRP and Ripple co-creator
Jed McCaleb, cofounder of Ripple Labs and creator of Stellar, has taken to X platform to share his thoughts on why he believes Stellar is “worth your time” while being “the most underrated and least understood crypto project.” McCaleb noted that Stellar is able to process more daily transactions than many other blockchains — 10 times those of Ethereum. He also emphasized Stellar’s real-world usage, setting it apart with its built-in features like stablecoin and token issuance, a decentralized exchange, as well as its robust on-chain governance system and innovative smart contract platform, Soroban. Additionally, McCaleb highlighted the network’s exceptionally low transaction fees, describing them as “basically free,” and praised its world-class engineering and developer-friendly documentation. Finally, McCaleb emphasized that Stellar’s mission is to revolutionize digital payments by providing financial services to people without bank access and making it easier to transfer assets than with traditional banking methods.
XRP skyrockets 353% in fund flows in just one week
As a crypto investor, I’ve noticed an impressive surge in my XRP holdings this week. Based on the latest research from CoinShares, investment products associated with XRP saw a substantial inflow of approximately $15.2 million, marking a staggering 353% increase compared to the previous week. This influx alone accounts for nearly half of the total capital influx observed over the past 11 months in XRP-focused ETFs, bringing the year-to-date total to $46 million. The dramatic price hike of more than 222% for XRP could be the primary reason behind this inflow.
“Rich Dad Poor Dad” author shares stunning $500,000 Bitcoin prediction
Robert Kiyosaki, renowned author of “Rich Dad Poor Dad” and financial expert, has once again expressed a daring prediction about Bitcoin’s price. AI-based forecasts suggest that by 2025, Bitcoin could potentially reach $500,000. However, it’s unclear which large language model (LLM) he used to arrive at this figure, given his history of variable predictions. This prediction should be viewed with caution. In recent times, Kiyosaki mentioned he would cease purchasing Bitcoin at $100,000, but later supported Michael Saylor’s ambitious goal of $13 million per Bitcoin. Previously, he predicted that Bitcoin would touch $350,000 by August. Currently, the value of a Bitcoin is around $92,609, a decrease of 4.57% over the past day, according to CoinMarketCap. It’s worth noting that Kiyosaki initially expressed skepticism about the Bitcoin craze but later became one of its strong proponents, comparing it to the Dutch tulip mania in 2017.
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2024-11-26 18:48