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Coinovation
Coinovation
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What are the best Altcoins to buy now? The list of top 5 alt coins expected to surge this month. Find out more. Navigating the vast world of cryptocurrency can be challenging. With October 2023 now upon us, understanding the market's potential big players is essential. This blog delves into five cryptocurrencies that are catching attention this month, based on recent market trends and movements. Join us for an insightful exploration to stay informed in this ever-changing digital finance landscape.  Stellar (XLM) Stellar (XLM) is a cryptocurrency and decentralized payments platform that aims to facilitate cross-border transactions quickly, cheaply, and securely. XLM is the native token of the Stellar network. The outlook for Stellar's price in October 2023 is mixed. On the one hand, the overall cryptocurrency market is expected to remain bullish in October, which could support XLM's price. Additionally, Stellar has a number of strong fundamentals, including its fast and cheap transaction fees, its focus on compliance, and its growing partnerships. On the other hand, Stellar is facing increasing competition from other cryptocurrency and cross-border payment platforms. Additionally, the ongoing bear market has weighed on the price of all cryptocurrencies, including XLM. In Septemeber, Stellar had two announcements. First, the Stellar Development Foundation announced that it is partnering with MoneyGram to launch a new pilot program that will allow users to send and receive USDC remittances via the Stellar network. On September 29, 2023, the Stellar Development Foundation announced that it is launching a new $10 million fund to support the development of new projects on the Stellar network. Factors that could support XLM's price in October 2023 include Stellar's strong fundamentals, including fast and cheap transaction fees, a focus on compliance, and growing partnerships; increased adoption of Stellar by exchanges and wallets. New developments on the Stellar network, such as the launch of smart contracts.  Stellar (XLM) Price Prediction Overall, Stellar's price is likely to trade in a range between $0.11 and $0.13 in October 2023. However, it is important to note that cryptocurrency prices are notoriously volatile and unpredictable, and XLM's price could move outside of this range. Kaspa (KAS)  Kaspa (KAS) is a relatively new cryptocurrency that has been gaining traction in recent months. It is a proof-of-work coin that uses a unique consensus protocol called GHOSTDAG. Kaspa is known for its fast transaction speeds, low fees, and focus on decentralization. There are a number of factors that could support Kaspa's price in October. First, the overall cryptocurrency market sentiment is expected to remain positive. Second, Kaspa has a number of strong fundamentals. Its GHOSTDAG consensus protocol is more efficient than traditional proof-of-work protocols, and Kaspa is also focused on decentralization. This makes Kaspa an attractive investment option for many cryptocurrency investors. Third, Kaspa is being adopted by more and more exchanges and wallets. This is increasing Kaspa's accessibility and liquidity, which could lead to higher prices. Finally, Kaspa's team is working on a number of new developments, including a smart contract platform and a privacy layer. These developments could make Kaspa more attractive to investors and users, and could lead to higher prices in the future. Kaspa (KAS) Price Prediction: The Kaspa price forecast for October 2023 is generally bullish. The average prediction is that KAS will trade between $0.034 and $0.04, with an average price of around $0.037. However, some analysts believe that KAS could reach as high as $0.05 by the end of the month.  Hedera (HBAR)  Hedera Hashgraph (HBAR) is a distributed ledger technology (DLT) platform that is designed to be fast, secure, and scalable. It uses a unique consensus mechanism called asynchronous Byzantine Fault Tolerance (aBFT), which allows it to achieve high transaction speeds and low fees. Hedera has a number of strong fundamentals. Its aBFT consensus mechanism is more efficient and scalable than traditional proof-of-work and proof-of-stake protocols. Hedera is also focused on enterprise adoption, and it has a number of partnerships with major companies such as Google, IBM, and LG. Third, Hedera is constantly innovating and adding new features to its platform. This includes the recent launch of its smart contract platform, Hedera Token Service, and Hedera Consensus Service. These new features make Hedera more attractive to a wider range of users and developers. Hedera Hashgraph (HBAR) Price Prediction The Hedera price forecast for October 2023 is generally bullish. The average prediction is that HBAR will trade between $0.058 and $0.066, with an average price of around $0.062. However, some analysts believe that HBAR could reach as high as $0.075 by the end of the month.  Quant (QNT) Quant (QNT) is a cryptocurrency that is designed to connect different blockchains and financial systems. It uses a technology called Overledger to allow developers to build applications that can interact with multiple blockchains without having to write separate code for each one. Recently , Quant announced that it had partnered with the Central Bank of Lithuania to develop a central bank digital currency (CBDC) prototype. This is a significant development for Quant, as it demonstrates that its technology is being considered by central banks for real-world use cases. Quant has several strong fundamentals. Its Overledger technology is unique and valuable, and Quant is well-positioned to benefit from the growing trend of interoperability between blockchains. Quant also has a number of partnerships with major companies, such as Oracle and Hyperledger. Quant is constantly innovating and adding new features to its platform. This includes its recent Overledger Network launch, which allows developers to build and deploy applications on multiple blockchains with a single API call.  Quant (QNT) Price Prediction The Quant price forecast for October 2023 is generally bullish. The average prediction is that QNT will trade between $90 and $100, with an average price of around $95. However, some analysts believe that QNT could reach as high as $110 by the end of the month.   XRP (XRP) XRP is a cryptocurrency that is designed to be used for fast and secure cross-border payments. It is the native token of the Ripple network, which is a distributed ledger technology (DLT) platform that is used by financial institutions around the world. Ripple announced a partnership with SBI Remit, a Japanese remittance company. The partnership will allow SBI Remit to use Ripple's On-Demand Liquidity (ODL) service to offer faster and cheaper cross-border payments to its customers. Overall, the news surrounding XRP is positive. The Ripple SEC lawsuit is nearing its conclusion, and Ripple is expanding its partnerships with financial institutions around the world. These factors could support XRP's price in October and beyond. XRP (XRP) Price Prediction The XRP price forecast for October 2023 is generally bullish. The average prediction is that XRP will trade between $0.45 and $0.55, with an average price of around $0.50. However, some analysts believe that XRP could reach as high as $0.65 by the end of the month. #crypto2023 #cryptocurrency

1 day ago
Royal Monarchy
Royal Monarchy
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What Is Bitcoin As Legal Ten-der? | Lunch n' Learn. $BTC Bitcoin as legal tender refers to the recognition of Bitcoin, a decentralized digital currency, as an official form of payment within a particular jurisdiction. This means that Bitcoin can be used to settle debts, make purchases, and conduct transactions just like traditional fiat currencies such as the US dollar or Euro. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The government passed a law that recognizes Bitcoin as an official currency alongside the US dollar, which was already widely used in the country. This means that businesses in El Salvador are required to accept Bitcoin as payment for goods and services, and individuals can use it for everyday transactions. The decision to adopt Bitcoin as legal tender has both benefits and challenges. Proponents argue that it can promote financial inclusion, provide opportunities for economic growth, and reduce reliance on traditional banking systems. Bitcoin's decentralized nature also offers potential advantages such as lower transaction fees and faster cross-border payments. However, there are also concerns and criticisms surrounding the adoption of Bitcoin as legal tender. These include price volatility, regulatory challenges, potential money laundering risks, and the environmental impact of Bitcoin mining. Critics argue that the volatility of Bitcoin can create uncertainty in day-to-day transactions and may not be suitable for use as a stable medium of exchange. Overall, the adoption of Bitcoin as legal tender represents a significant milestone in the mainstream acceptance of cryptocurrencies. It demonstrates a shift towards incorporating digital currencies into established financial systems, although the full implications and long-term effects are yet to be seen.

2 days ago
CoinDesk
CoinDesk
Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
5 days ago
MarsNext
MarsNext
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What is XRP? $XRP is a cryptocurrency that runs on the #XRP Ledger, a blockchain developed by Ripple Labs. It is designed to be a more efficient and cost-effective way to send money internationally than traditional methods such as wire transfers. XRP can be used to transfer funds between any two currencies, and it has a transaction speed of 3–5 seconds. How does XRP work? The XRP Ledger is a decentralized ledger that uses a consensus mechanism called XRP Consensus. This mechanism allows for fast and secure transactions without the need for miners. Instead, transactions are verified by a network of nodes that are owned by banks, financial institutions, and other businesses. What is XRP used for? XRP is primarily used for cross-border payments. It can be used to send money between any two currencies, regardless of where they are located. XRP is also used by some financial institutions as a bridge currency, which means that it can be used to exchange between different currencies. XRP’s future The future of XRP is uncertain. The SEC lawsuit against Ripple Labs is a major overhang on the price of XRP, and it is unclear how the lawsuit will be resolved. However, if the lawsuit is dismissed, XRP could see a significant price increase. In addition, the XRP Ledger is constantly being developed, and there are plans to add new features such as smart contracts. These features could make XRP more attractive to businesses and individuals, and could help to drive the price of XRP up. Here’s a brief history of Ripple and XRP: Conception (2012): Ripple Labs, Inc. (formerly known as OpenCoin), founded by Chris Larsen and Jed McCaleb, started working on the Ripple protocol in 2012. The idea behind Ripple was to create a system that could enable secure and instant global transactions, particularly for financial institutions. Launch of the Ripple Protocol (2012): Ripple was officially introduced to the public in 2012. It was designed to be a decentralized platform that could facilitate real-time, cross-border payments and settlements. Release of XRP (2012): Simultaneously with the Ripple protocol, the XRP cryptocurrency was released. XRP was intended to be used as a bridge currency in Ripple’s network to facilitate the transfer of value between different fiat currencies. Partnerships and Adoption (2013–2017): Ripple started gaining traction in the financial industry, forming partnerships with banks and payment providers. It aimed to address the inefficiencies and delays associated with traditional international money transfers. During this period, XRP’s value also started to rise. SEC Lawsuit (2020-Present): In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, alleging that XRP should be classified as a security and that Ripple conducted an unregistered securities offering. This legal battle has had a significant impact on XRP’s price and market perception. Ongoing Development (2021-Present): Despite the legal challenges, Ripple Labs has continued to develop its network and services. RippleNet, the company’s global payment network, aims to provide faster and more efficient cross-border payments for financial institutions. XRP’s Market Performance (Ongoing): XRP’s price and market capitalization have experienced significant fluctuations over the years, influenced by factors such as regulatory developments, legal proceedings, and market sentiment. Focus on Central Bank Digital Currencies (CBDCs): In response to regulatory challenges, Ripple has shifted its focus towards working with central banks on central bank digital currency (CBDC) projects. This move aligns with the broader trend of exploring blockchain technology for digital currencies by central banks around the world. XRP’s future The future of XRP is uncertain. The SEC lawsuit against Ripple Labs is a major overhang on the price of XRP, and it is unclear how the lawsuit will be resolved. However, if the lawsuit is dismissed, XRP could see a significant price increase. In addition, the XRP Ledger is constantly being developed, and there are plans to add new features such as smart contracts. These features could make XRP more attractive to businesses and individuals, and could help to drive the price of XRP up. Recent news about XRP Ripple Labs announced that it had partnered with MoneyGram to use XRP to facilitate cross-border payments. The SEC filed a lawsuit against Ripple Labs, alleging that the company had violated securities laws by selling XRP as an unregistered security. Ripple Labs filed a motion to dismiss the SEC lawsuit. The SEC denied Ripple Labs’ motion to dismiss the lawsuit. The SEC and Ripple Labs agreed to a settlement in principle. The terms of the settlement have not yet been finalized. Achievements of XRP XRP is the fourth-largest cryptocurrency by market capitalization. XRP is used by a number of financial institutions, including MoneyGram and Western Union. XRP is accepted by a number of cryptocurrency exchanges, including Binance, Coinbase, and Kraken. XRP has been used to facilitate cross-border payments in a number of countries, including Mexico, the Philippines, and the United States. Is XRP a good investment? The decision of whether or not to invest in XRP is a personal one. In my peronal view you should include XRP in your portfolio, but still there are a number of factors to consider, such as the ongoing SEC lawsuit, the development of the XRP Ledger, and the overall market sentiment for cryptocurrencies. If you are considering investing in XRP, it is important to do your own research and to understand the risks involved. #Binance #BinanceTournament #cryptocurrency #crypto

15 days ago
MOMINA TRADING
MOMINA TRADING
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🚨🚨🚨Here's the list of leading cryptocurrencies🚨🚨🚨 👉Bitcoin (BTC) 🌟💰: Often referred to as the original cryptocurrency, Bitcoin is the largest and most well-known cryptocurrency. It was created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is often seen as digital gold and a store of value. 👉Ethereum (ETH) 💡📦: Ethereum is the second-largest cryptocurrency and is known for its smart contract functionality, which allows developers to build decentralized applications (DApps) on its blockchain. 👉Binance Coin (BNB) 🏦🔗: Binance Coin is the native cryptocurrency of the Binance exchange, one of the world's largest cryptocurrency exchanges. It has various use cases within the Binance ecosystem, including trading fee discounts and participation in token sales on the Binance Launchpad. 👉Cardano (ADA) 🛡️🌱: Cardano is a blockchain platform known for its focus on sustainability, scalability, and interoperability. It's designed to be a secure and scalable infrastructure for the development of DApps and smart contracts. 👉Solana (SOL) 🚀🌐: Solana is a high-performance blockchain known for its fast transaction speeds and low fees. It has gained popularity for hosting DeFi and NFT projects and has become a competitor to Ethereum. 👉Ripple (XRP) 💧💳: Ripple is a digital payment protocol and cryptocurrency that aims to facilitate cross-border payments for financial institutions. It has partnerships with major banks and financial institutions. 👉Polkadot (DOT) 🌐🪄: Polkadot is a multi-chain network that allows different blockchains to interoperate and share information. It aims to enable a decentralized and interoperable web. 👉Chainlink (LINK) 🔗📡: Chainlink provides decentralized oracle services, connecting smart contracts with real-world data and events. It plays a crucial role in enabling DeFi applications. 👉Litecoin (LTC) ⚡💱: Created as a "lite" version of Bitcoin, Litecoin offers faster transaction confirmation times and lower fees. It's often used for smaller transactions and as a testing ground for new features.

4 days ago
Breaking Chains Using Blockchain
Breaking Chains Using Blockchain
Binance News
Binance News
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In its latest venture to flesh out a comprehensive picture of the current crypto landscape, Binance Research has released its interactive Crypto Industry Map. The comprehensive survey illuminates the vital sectors driving the burgeoning crypto ecosystem, spotlighting key elements such as Infrastructure, DeFi, NFTs, and Gaming. Designed to break down technical barriers for the general populace, the infrastructure is labeled as the critical backbone that enables broader adoption of blockchain. The research underscores the significant transformations that DeFi (Decentralised Finance) is bringing about for retail investors, including burgeoning information around insurance and security analytics that help bolster the sector's wholesome growth. Meanwhile, despite intense competition around royalties and incentive schemes, NFTs (Non-Fungible Tokens) remain a key player in the crypto domain, helping to transfer a great number of Web2 users into the crypto environment. On the correlation between gaming and crypto, the review asserts that although Web3 gaming trails its Web2 counterpart in age, with continuous innovation empowering end users and adoption by legacy game studios, the upswing in the sector's acceptance seems promising. Other crucial aspects such as advancements in payment systems, cross-border transfers, and wallet technologies, as well as the growth of decentralized social networks and tokenization of real-world assets, are also cited as exciting prospects for the crypto industry's trajectory.  

5 days ago
Si_Angel
Si_Angel
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As we enter the fourth quarter of 2023, it's crucial to assess potential cryptocurrency investments. And October is usually a game-changer month for crypto. This list presents seven cryptocurrencies to consider for October 2023, accompanied by explanations of their functionalities and potential price predictions. Please note that this is not financial advice but rather a selection of coins worth monitoring based on their current conditions, utility, and market sentiment. They are giving signals, and high players in the markets are giving signals for them. Casper (CSPR)Functionality: Casper stands out with its scalable proof-of-work technology. It offers a unique approach to blockchain technology, enabling it to process transactions efficiently and securely.Price: $0.0475Market Cap: $1 billionPrice Prediction: Casper's potential inclusion on major exchanges could drive its market cap to $100 billion or more. A conservative estimate suggests a price range of $1 to $3 during this bullish cycle.Ethereum (ETH)Functionality: Ethereum is a decentralized platform that supports smart contracts and decentralized applications (DApps). It plays a pivotal role in the DeFi (Decentralized Finance) and NFT (Non-Fungible Token) sectors.Price: $1,600Market Cap: $1.7 trillionPrice Prediction: Ethereum's price may surge to $8,000 to $10,000 if it successfully scales and if Bitcoin reaches a $2 trillion market cap.Quant (QNT)Functionality: Quant aims to connect different blockchain networks and traditional financial systems. Its Overledger technology facilitates interoperability and enables the development of multi-chain applications.Price: $88Market Cap: $15 billionPrice Prediction: Quant's unique utility and partnerships could drive its price to $1,000 or more during this bullish cycle.Hedera Hashgraph (HBAR)Functionality: Hedera Hashgraph offers a secure and efficient platform for decentralized applications. Its low transaction fees and scalability make it attractive for various use cases, including enterprise applications.Price: $0.50Market Cap: $22 billionPrice Prediction: HBAR could reach at least $1 this bull cycle due to its scalability and cost-effective technology.XRP (XRP)Functionality: XRP is well-known as a cross-border payment solution. Financial institutions use it to facilitate fast and cost-effective international money transfers.Price: $0.50Market Cap: $26.7 billionPrice Prediction: With growing institutional interest and its role in cross-border payments, XRP's price may reach $4 to $5 during this bullish cycle.Stellar (XLM)Functionality: Stellar focuses on person-to-person cross-border payments and offers a platform for tokenizing assets. It aims to make financial services more accessible worldwide.Price: $0.11Market Cap: $3.1 billionPrice Prediction: Stellar could achieve a price range of $1.50 to $2 this bull cycle, driven by its utility and nonprofit status.Render (RNDR)Functionality: Render is involved in rendering images, videos, and animations using AI technology. It has potential applications in blockchain gaming, Web 3.0, and various AI-related sectors.Price: $1.50Market Cap: $562 millionPrice Prediction: With untapped potential in AI, blockchain gaming, and rendering, Render could reach $15 to $20 this bull cycle. Please remember It's essential to conduct thorough research, diversify your investment portfolio, and establish clear exit strategies to manage risks effectively. Happy investing in October 2023! 🚀💰 #crypto2023 #cryptocurrency

7 days ago
Crypto
XLM
Edgecoin(EDGT)

$0.98

0.54%

Market Cap
205.07m
 

0.54%

Volume (24h)
210.70k
 

4.32%

Released on 27 Apr 2021

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