Ripple is a powerful force in the crypto space. CoinMarketCap stats show that the price of Ripple jumped over 10% in the past year alone. XRP enthusiast and expert XRP whale says that this is just the start. His X post predicts that the Ripple crypto will trade at $10 in September 2024. The technicals for XRP also support this statement. Currently, Ripple is sitting above its 100-day exponential and simple moving averages while having a bull-bear power of -0.025, which is in the buy zone. Market analysts consider all these factors when making their Ripple price prediction. Thus, they foresee XRP rising to $0.64 before September 2024 ends.
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A modern approach can be found in a technology that is gaining traction in the blockchain industry. Tokenized real world assets (RWAs) are digital tokens on a blockchain that represent physical and traditional financial assets, enabling more efficient and transparent management, trading, and ownership. Despite some skepticism still surrounding crypto, the underlying technology’s capacity to enhance the development of tangible, real world infrastructure is substantial. Recent attention to this concept of RWA reveals a huge opportunity – one that Boston Consulting Group projects will grow to a $13 trillion market by 2030. The power of on-chain transparency and programmability unlocks new ways of managing and funding telecom and other utility networks; this new paradigm offers flexibility and risk mitigation to historically brittle and inefficient systems.
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The creator of the Cardano blockchain said that the Bitcoin blockchain is not evolving, so the Cardano network is quite capable of surpassing the Bitcoin network, and the ADA coin is capable of becoming the largest cryptocurrency. Charles Hoskinson said on the Altcoin Daily podcast that Cardano has much more competitive advantages than Bitcoin. According to the developer, the simplicity and success of Bitcoin, often compared to digital gold, laid a solid foundation for it. However, in addition to the fact that Bitcoin is a good store of value, the project lacks adaptability, and the possibilities of practical application limit the long-term growth potential. While the Cardano infrastructure can be used in international voting systems, payment and credit systems, as well as in identification systems, Hoskinson assured. The founder of Cardano gave an example when large companies using modern technologies, such as BlackBerry and MySpace, were ousted by more adaptable and universal platforms.
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