Top 3 weekly: XRP, Litecoin on-chain activity climbs, Vodafone plans Cardano NFTs, Hong Kong regulates crypto

FXstreet
FXstreet

30 Jun 2023 4:18 PM

Altcoin prices recovered and wiped out losses from the Securities and Exchange Commission’s (SEC) clampdown this week. Based on data from crypto intel...

  • XRP and Litecoin experienced a surge in on-chain activity, daily active addresses, and trade volume, indicating higher adoption and a bullish trend.
  • Vodafone's German arm chose Cardano over Ethereum to launch an NFT collection, showcasing rising adoption of Cardano.
  • Hong Kong made progress in cryptocurrency regulation, launching a virtual asset index and welcoming crypto exchanges, while the US lagged behind in regulatory efforts.
  • Altcoin prices recovered from the SEC's clampdown, with XRP and Litecoin showing positive on-chain activity.

The overall sentiment of the article is mixed. The rise in on-chain activity and adoption of XRP and Litecoin is seen as bullish, while Vodafone's choice of Cardano over Ethereum for NFTs is seen as a positive development. Hong Kong's progress in cryptocurrency regulation is also viewed positively. However, the US lagging behind in regulation and the SEC's clampdown on altcoins are seen as negative factors.

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You May Ask

Which cryptocurrencies experienced a surge in on-chain activity and trade volume?Why did Vodafone's German arm choose Cardano for its NFT collection?How is Hong Kong progressing in cryptocurrency regulation compared to the US?How did altcoin prices recover from the SEC's clampdown?What are the key factors influencing the sentiment in the cryptocurrency market?

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