Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s
The new tokenized assets offer the stability of the Bitcoin network with admirable yield.
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The new tokenized assets offer the stability of the Bitcoin network with admirable yield.
XRP’s current price has been highlighted by a range of around $2.5 in the past three days. However, this low price hasn’t stopped the idea of an extravagant XRP price from being in the hearts of XRP bull traders and enthusiasts. Against this backdrop of growing confidence, a bold theory suggesting that XRP could surge to $10,000 has come up from a crypto analyst. This extravagant price point is much higher than most predictions based on technical analysis. Notably, this analyst leaned on XRP fundamentals with XRP to show a scenario where its price reaches this point. Analyst Predicts XRP Could Hit $10,000 Between 2027 And 2030 The theory, introduced by a crypto analyst named Remi Relief on the social media platform X, centers on a long-term vision of XRP reaching $10,000 due to widespread adoption in financial institutions and complete activation of its utility features. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? In a post dated May 12, the analyst predicted that this massive XRP price point of $10,000 could materialize between 2027 and 2030. He clarified that the prediction wasnt dependent on sudden events or institutional price setting but on the natural outcome of XRP functioning at its full potential in global financial systems. However, he also stated that such a price point could manifest as early as 2026. Building on the original post, the analyst has recently expanded on a more detailed vision of a $10,000 XRP. He claimed the existence of two separate XRP ledgers: one for the retail market and another accessible only to around 1,700 institutions and private entities operating under NDAs. According to him, these private participants could already be running tests with drastically different price levels, possibly including the $10,000 mark. He linked this development to recent progress in CBDC trials, especially in France. The analyst also referred to a report discussing the efficiency and performance of various digital currency and payment platforms in terms of Transactions Per Second (TPS) back in 2022. The report focused on CBDC (Central Bank Digital Currency) test networks. According to the report, the Ripple Private Ledger had a TPS of 1,500 in 2022 during tests for the digital Euro. Although Ripple is not yet at the operational scale of AliPay or the Hamilton Project, future projections of the blockchains TPS are still unknown. The Possibility Of A $10,000 Basement Price For The Altcoin The crypto analyst’s theory is based on a future where XRP underpins major financial operations at fixed high values across private networks. The most provocative element of the theory involves Ripple potentially setting a basement price for XRP at $10,000, which would never be breached. Related Reading: XRP Price At $10-$20 Only The Beginning, Its Headed For $1,000 Analyst Reveals In this scenario, if the price ever threatened to fall below that mark, decentralized technologies like Chainlink oracles and IOTA-based AI mechanisms would intervene to stabilize it through automatic trading. At the time of writing, XRP is trading at $2.40, down by 2.2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030. That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi explained [...]
The post ‘Killer use case’: Citi says trillions in assets could be tokenized by 2030 appeared first on Crypto Breaking News.
XRP ledger had already overcome one of the greatest issues facing the blockchain industry, Former Ripple executive Matt Hamilton argued. His comments were made in reference to a hackathon event in which a team claimed to have found a solution to the problem of transaction fees on the Ethereum network. What irked Hamilton was that […]
Hamilton Lane will offer at least $5 million in assets via the Securitize tokenization platform on Polygon.
Hamilton Lane is making three investment funds available to individual investors by tokenizing part of its $835 billion funds via a partnership with Securitize. (Read More)
A former top exec at Ripple, Matt Hamilton stated that the XRP token is still in the top 5 because it works 100% and challenged Bitcoin fanatics to transact BTC on the XRP Ledger. If you say so. Even by your own admission it only works 95% of the time. Why do you think the […]
Former Ripple executive Matt Hamilton, who is currently Director of Developer Relations at Bittensor, sought to defend XRP by saying the asset will certainly hit $100 at some point after a user called it a scam, a worthless entry on a centralized database with no chance of reaching a $5 trillion market cap. Hamilton first pointed out […]
For most of the last 15 months, Ripple has been in the headlines for its protracted battle with the SEC.
Polygon (MATIC) is slightly shedding its gains today as the bears aim to seize control of its price. Despite the price fluctuations, its trading volume is up by 16%, indicating growing interest from traders. Polygon has dropped below the $1 mark since April 23. However, it trades within the $0.9 and $1 price range. What’s Next For MATIC? MATIC is in a sideways trend today, forming a red candle on the price chart. The recent price volatility might reflect the activities in the general crypto market, where the top coins are slightly gaining. Related Reading: PEPE Market Cap Crosses $1 Billion As Gemini Listing Rumors Spread MATIC has dropped below its 50-day and 200-day Simple Moving Averages (SMA), with bearish sentiment in the short and long term. Also, its Relative Strength Index (RSI) is 40.24 in the neutral zone. However, the indicator is moving downwards and might descend into the oversold region of 30 if the bears prevail. MATIC’s Moving Average Convergence/Divergence (MACD) is slightly above the signal line and shows convergence. Also, it has a negative value, a bearish signal for the asset. The technical indicators suggest that MATIC might experience further price decline before the bulls rally again. MATIC is trading close to the $0.9451 support level, and the bears at the $1.0064 resistant level have kept its price down. If the current market conditions persist, a descent to the next support level of $0.9231 is possible. However, MATIC is currently in a sideways trend reflecting traders’ hesitation in the market. It will likely fall to the $0.9451 resistance before the bulls rally again. Securitize Launches On Polygon Despite Price Drop A trading firm, Securitize, launched a feeder fund on the Polygon blockchain. Investors can use these funds to collect secure loans and access liquidity on the platform. Also, this funding is in collaboration with Hamilton Lane (Nasdaq: HLNE) which is exclusive to the polygon blockchain. Related Reading: Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low Hamilton Lane launched the Senior Credit Opportunities Fund (SCOPE) in October 2022. A portion of the SCOPE funds is now available through Securitize. This new investment feature reduces the minimum investment threshold for investors from $2 million to $10,000. The SCOPE initiative targets investment in privately held market-leading information technology and business services assets. The CEO of Securitize Inc., Carlos Domingo, stated that smart contracts built on blockchain networks could improve manual processes such as share redemptions that take weeks to seconds. Also, he believes it eliminates the need for intermediaries and unnecessary fees, thus eliminating the barrier of entry for some investors. Such developments are highly beneficial to Polygon’s network and might improve its price eventually. -Featured image from Pixabay and chart from Tradingview
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