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XRP, PEPE, and Worldcoin Dominate the Court with Massive Price Surges
The post XRP, PEPE, and Worldcoin Dominate the Court with Massive Price Surges appeared on BitcoinEthereumNews.com. XRP, PEPE, and Worldcoin have emerged as standout performers in the cryptocurrency market over the week, each posting impressive gains as the market trends up. Mega Cap (Market Cap >US$10 Billion) XRP (XRP) – $0.65, Up 8.7% in the last 7 days XRP is an asset tied to the Ripple ecosystem. Ripple is a payment company, with an attached network token that aims to compete with the cross-border banking payment protocol SWIFT. XRP functions as the native transaction token of Ripple’s XRP Ledger. The XRP ledger is a decentralized, public blockchain focused on low transaction costs and high throughput. The XRP price pump follows a surge in open interest. Open interest (OI) is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Since the 7th of September, when the price of XRP was US$0.51, data from Coinglass reports a sudden spike in OI, this suggests more traders are making big bets on XRP backing the asset to do well in current market conditions. Large Cap (Market Cap between US$1.5billion – US$10 billion) PEPE (PEPE) – US$0.000011, Up ~39.1% in the last 7 days PEPE is a popular memecoin project that has branding inspired by legendary comic ‘Pepe the Frog’ who has inspired memes like ‘Feels good man’ and ‘sad Pepe’. Memecoin projects take their inspiration from memes – the cultural ‘inside’ jokes that are instantly recognizable to their targeted communities. These meme coins base their marketing and communications around memes to take advantage of their immediate relatability – with meme culture ensuring there is a ready-made marketing strategy and audience to connect with. PEPE’s rally appears to be a part of a wider memecoin rally that also includes Dogecoin(DOGE), Dogwifhat (WIF), and Bonk (BONK). Medium Cap (Market Cap between US500 million…
The post XRP, PEPE, and Worldcoin Dominate the Court with Massive Price Surges appeared on BitcoinEthereumNews.com.
XRP, PEPE, and Worldcoin have emerged as standout performers in the cryptocurrency market over the week, each posting impressive gains as the market trends up. Mega Cap (Market Cap >US$10 Billion) XRP (XRP) – $0.65, Up 8.7% in the last 7 days XRP is an asset tied to the Ripple ecosystem. Ripple is a payment company, with an attached network token that aims to compete with the cross-border banking payment protocol SWIFT. XRP functions as the native transaction token of Ripple’s XRP Ledger. The XRP ledger is a decentralized, public blockchain focused on low transaction costs and high throughput. The XRP price pump follows a surge in open interest. Open interest (OI) is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Since the 7th of September, when the price of XRP was US$0.51, data from Coinglass reports a sudden spike in OI, this suggests more traders are making big bets on XRP backing the asset to do well in current market conditions. Large Cap (Market Cap between US$1.5billion – US$10 billion) PEPE (PEPE) – US$0.000011, Up ~39.1% in the last 7 days PEPE is a popular memecoin project that has branding inspired by legendary comic ‘Pepe the Frog’ who has inspired memes like ‘Feels good man’ and ‘sad Pepe’. Memecoin projects take their inspiration from memes – the cultural ‘inside’ jokes that are instantly recognizable to their targeted communities. These meme coins base their marketing and communications around memes to take advantage of their immediate relatability – with meme culture ensuring there is a ready-made marketing strategy and audience to connect with. PEPE’s rally appears to be a part of a wider memecoin rally that also includes Dogecoin(DOGE), Dogwifhat (WIF), and Bonk (BONK). Medium Cap (Market Cap between US500 million…
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