Friend.tech, a key player in the web3 social networking sphere, has disclosed plans to collaborate with Conduit, a notable crypto infrastructure service provider, to create its native blockchain.
On June 8, Friend.tech unveiled plans for Friendchain, a proprietary blockchain that will utilize the FRIEND token as a fully transferable gas token.
The platform did not specify a launch timeline for the project.
We’re pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token.
We’ll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. pic.twitter.com/HRa26vfFEX
Meanwhile, the decision isn’t surprising, given recent statements from the project’s co-founder, Racer.
In May, Racer mentioned the possibility of leaving the Coinbase-backed Ethereum layer-2 network Base due to feelings of alienation from the ecosystem. He even offered a 0,000 reward for any developer who could successfully migrate the platform from Base without major disruptions.
However, the recent announcement has elicited mixed reactions within the community. Some analysts view it as a natural progression, suggesting that successful decentralized applications will eventually become independent chains. Others caution that this move might hinder growth.
A prominent FriendTech advocate, known as The Giver on social media platform X, described the decision as “short-term bullish and mid-term bearish” for the crypto venture.
According to the analyst, FriendTech should focus on maximizing user acquisition to build a solid user base, ideally by leveraging connections through the Base and Solana blockchains.
Haven’t added (and haven’t sold) but as a @friendtech stalwart (see pinned post) view this as short term bullish and mid term bearish
IMO friend tech should be trying to capture the max # of users possible first to create the sturdiest moat possible, which is most easily done… https://t.co/iEPXlPKKlX
Since its launch in August 2023, Friend.tech has become one of the leading SocialFi decentralized applications (dApps) on the Base network. The platform’s model allows users to purchase keys linked to their social media accounts, facilitating direct interactions with influencers.
Key purchases not only grant chat access but also provide financial benefits. Users receive a share of the transaction fees and reward points that can lead to token airdrops.
Following the launch of its second version and a token airdrop campaign last month, Friend.tech has solidified its position at the forefront of the SocialFi movement. Despite a recent 20% decrease in total value locked, the platform still leads the SocialFi trend with nearly million in TVL as of June 8, according to data from DeFiLlama.
Currently, FRIEND is trading at around .8439, up 15% in the past 24 hours, according to data from CoinMarketCap.
In the last 24 hours, the crypto market lost more than billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections.
Bitcoin, the leading cryptocurrency, saw a sharp drop to an intraday low of ,507. At the time of going to press, the cryptocurrency was priced at ,321 — a 2.57% dip from the previous 24 hours.
Additionally, Bitcoin’s 24-hour trading volume went down by more than 4% to .1 billion.
The correction came on the back of Bitcoin hitting a multi-week high of ,000 on June 7, after staying above ,000 for several days.
Following the dip, Bitcoin’s market capitalization fell to .366 trillion, though its dominance over altcoins increased to 53.8% as they took much bigger hits.
Altcoins in the red
Among the top 100 cryptocurrencies, there were no notable gainers, with most of them registering losses between 1.03% and 14.52%.
Ethereum is down 3.11% to below ,700. BNB, the fourth-largest crypto by market cap, has dropped from over 0 to just above 3, and Solana (SOL) has fallen by more than 6%.
Overall, the cumulative market cap of all crypto assets has shed over billion since yesterday’s peak. It’s now sitting at .54 trillion on CoinMarketCap.
Analysts have suggested the drop may have been influenced by a stronger-than-expected U.S. non-farm payroll (NFP) report for May, which added 272,000 new jobs and strengthened the U.S. dollar.
The report reduced hopes for a Federal Reserve interest rate cut, negatively impacting Bitcoin’s price and overall market sentiment.
Doublebullish thesis for BTC
Elsewhere, Bitcoin advocate Samson Mow took to X to suggest a new bullish scenario for Bitcoin.
He proposed that gaming merchandise retailer GameStop should add Bitcoin to its corporate treasury, which, in his opinion, could create a “double bullish thesis” that could lead to significant price increases for both Bitcoin and GameStop shares.
Mow’s sentiment coincided with analyst and social media personality Keith Gill, also known as “Roaring Kitty,” hosting his first livestream in three years, focusing on GameStop’s future.
According to a report by the nonprofit Identity Theft Resource Center, the number of online attacks on small businesses increased by 28 percent in 2023. But this year, hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.
During this year of 2024, 20 significant hacks have been undertaken by cybercriminals from the top 10 countries ranked for the first time according to recent research from Oxford University based on a World Cybercrime Index (WCI) cybercrime threat score: Russia (58.39), Ukraine (36.44), China (27.86), the United States (25.01), Nigeria (21.28), Romania (14.83), North Korea (10.61), the United Kingdom (9.01), Brazil (8.93), India (6.13).
During May alone, there were back-to-back mega hacks with digital asset considerations.
Hackers threatening to release sensitive digital asset information
The Russian-speaking hacker group RansomHub undertook its historic hack of top auction house Christies, which had global sales revenues of .2 billion in 2023. The skilled extortionist hackers smugly also took credit for hacking Frontier Communications, which provides internet services via eight partners in more than 25 states in the US that reported .75 billion in revenues in 2023.
Today RansomHub ransomware group claimed to ransom Frontier Communications. Frontier Communications is a large Internet Service Provider based out of Dallas, Texas.
Frontier Communications confirmed this by submitting a form 8-K to the SEC.
Owned by French billionaire Francois Pinault—who also owns the luxury goods group Kering that has an entire team dedicated to web3 and metaverse—Christie’s sells NFTs and is credited with selling one of the highest-priced NFTs: Beeple’s “Everydays” for .5 million back in 2021. The cyberattack on Christie’s was carried out by RansomHub ahead of the New York Auction Week, where 2 million of art was auctioned off after Christie’s accidentally exposed the location data for hundreds of consigned works last year. RansomHub is attempting to shakedown Christie’s and is threatening to auction off “sensitive personal information” about at least 500,000 of its high net-worth clients to the highest bidder on the dark web.
Not to minimize RansomHub’s hacking accomplishments, but the biggest hack during May was by the notorious cyber-criminal group ShinyHunters, which took credit for a long list of hacks since 2020, including Banco Santander on May 30. ShinyHunters is one of the biggest in history in terms of global victims; this group hacked more than half a billion—560 million, to be precise—of a treasure trove of sensitive user information, including full names, addresses, email addresses, phone numbers, ticket sales and event details, order information, and partial payment card data from world’s largest event ticket seller Ticketmaster/Live Nation which they are selling for 0,000 on the dark web. Ticketmaster/Live Nations controls 70% of ticket sales and is subject to a Department of Justice anti-trust lawsuit that could potentially lead to a breakup of the entertainment giant to allow more competition and to let smaller players gain more of the ticket-selling market.
Ticketmaster sells concert tickets in exchange for digital assets and offers NFT ticketing on Flow blockchain. Token-gated sales are compatible with tokens minted on Ethereum and stored in Dapp wallets such as MetaMask or Coinbase. Jennifer Lopez was selling token-gated tickets at Ticketmaster before abruptly canceling her tour “THIS IS ME…LIVE” on May 31.
These hacks are potentially problematic to digital asset owners because they could lead to the commission of further cybercrime down the road and potentially place sensitive taxpayer personal information in the hands of tax commissioners. The Australian government, which is part of the Joint Chiefs of Global Tax Enforcement (J5), announced that it is now working with Ticketmaster and the FBI to “better understand the incident.”
Should you be concerned?
Top Internal Revenue Service (IRS) criminal investigation chief Guy Ficco reported an “uptick” in tax evasion related to ‘pure crypto tax crimes.’ As a result, the IRS reminded taxpayers that they’re generally required to report all earned income on their tax returns, including income earned from digital asset transactions, which could include selling NFTs or scalping token-gated event tickets.
The IRS warned wealthy individuals about three tax traps as part of the Dirty Dozen campaign, including Improper art donation deductions and NFTs designed for them by dishonest promoters and shady tax practitioners. The IRS also stated that in 2024, it will ramp up its audit efforts for high-income taxpayers, large partnerships, corporations, and digital asset accounts.[11]
Decide on the sections and sub-sections that shall be included within the guide. Consider the circulate of information and the sequence that customers will follow. These must be positioned firstly what is an installation of the handbook or relevant points all through to make sure customers are aware of potential risks and know tips on how to mitigate them. A well-curated manual ought to have a logical structure, with sections and headings that make it simple for users to find the information they need. In this weblog, we will discuss the fundamentals of a product guide and its varieties and the method to build product manuals with online manual creator.
Who Writes The Installation Guide?
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Construct Your Technical Terminology Toolkit
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The Way To Write An Installation Guide?
From working techniques to productiveness instruments, software is a vital a half of any IT infrastructure. However, merely having the software isn’t sufficient – it have to be correctly installed and configured to function optimally. Once your software program is put in, it’s essential to maintain it up-to-date with the most recent variations. Software updates usually include security patches, bug fixes, and new options. Enable automatic updates or examine for updates regularly to make sure your software remains safe and useful.
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Your software program installation guide incorporates information relating to the configuration of your system, system necessities and how to maintain the software. It helps the person setup the software program to one of the best of their ability and enables them to get the most out of it. Your information may be for open supply software or proprietary software program, relying on your corporation mannequin. Software installation guides are all part of providing a great person experience, and making certain that customers have access to self-help documentation that guide them through setup. If users can’t even overcome this primary hurdle with using your software program, your adoption rates will be low.
ProProfs Knowledge Base Editorial Team is a various group of pros keen about information administration. We update you on the latest tendencies, dive into technical topics, and supply insights to elevate your business. Use bullet points or numbered lists for steps and key points to improve readability. Typical problems that may happen through the set up should be listed here. Some pc programs may be executed by merely copying them into a folder saved on a pc and executing them. Other applications are provided in a form unsuitable for quick execution and subsequently want an set up process.
There are numerous good and poor examples of set up directions published. They are written for different, but typical software products that target business to business (b2b) software program products. It lists all necessary precondition and steps to finally use the software application. An set up program or installer is a computer program that installs information, similar to functions, drivers, or other software, onto a computer. Some installers are specifically made to install the files they contain; different installers are general-purpose and work by reading the contents of the software bundle to be installed. Installation is the act of placing something in place so that it is prepared to be used.[1] An set up manual mostly describes the secure and correct installation of a product.
You’ve spent lots of time growing your software program product and now it’s time to distribute it to your users. But wait – how are users going to install your software product without you there to help them? This is the place you want to make use of a software program set up information to enable customers to correctly set up your product with out operating into errors.
The installer will copy all needed information onto your system and configure them based on your selections.
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When creating your software installation guide, don’t neglect that you simply need the best answer to host your documentation the place users can simply entry it.
Ideally, every step is accompanied by a screenshot so customers can follow alongside as they learn the instructions.
Your set up guide should look as though it is coming out of your company, or many customers might not belief the knowledge contained inside it. Often firms neglect their post-sales supplies, however presentation is just as necessary in your documentation as it’s in your marketing campaigns. Make it straightforward for customers to jump forwards and backwards between sections of your guide, in case they want to return to an earlier step. When users encounter issues, you don’t need to pressure them to start out proper from the beginning once more. When customers are empowered to easily set up and launch the software program themselves, this results in a way more positive experience with extra happy customers. Customers respect that your business has taken the time to judge their needs and usually have a tendency to maintain using your software program.
With fast access to earlier versions and the capabilities for evaluation, full customization, including callouts and error codes within the content material. Easy to navigate with easy TOC and localization is also potential to cater international customers. Then, you’ll need to divide your guide up into sections and provides it a logical structure. You can observe the construction used in the earlier section as this order acknowledges the steps that customers will encounter when utilizing your information. Introduce users to your software program first before telling them something about the set up. Start by working your program on completely different hardware and working systems to realize an idea of what the setup circulate will appear to be in numerous environments.
Users need to know what kind of hardware and software program is required for installing their new software program. For example, which model of the working system is required and processing velocity is required to allow the software to run correctly. – If you are putting in a new working system, you should at all times do a clean set up. This will be certain that there aren’t any conflicts with old software program or drivers. Sharing software packages is a good way for businesses and academic establishments with a number of computers to save heaps of disk space and installation time. There are several options for doing this, you possibly can manually search on the internet, use software program that scans software for dependencies or use a software set up checklist.
An unattended set up either does not require the person to provide something or has obtained all needed input prior to the beginning of set up. Such enter could also be in the form of command line switches or an answer file, a file that accommodates all the mandatory parameters. Windows XP and most Linux distributions are examples of operating methods that might be put in with an answer file. In unattended set up, it’s assumed that there isn’t a person to help mitigate errors. For occasion, if the set up medium was defective, the installer should fail the set up, as there is not any person to repair the fault or replace the medium.
For manufacturers, a transparent and concise installation guide can enhance user satisfaction and brand loyalty. Knowing that the set up guide is evident and helpful will make individuals choose your products instead of your rivals. Here is a information on creating installation manuals in the most effective and useful means. Indoc.pro manages international documentation of software products in numerous languages and for a number of variations.
OKX has acknowledged testing a new program on Bitcoin’s network, leading to the average transaction fee soaring to more than per transfer.
,According to data from mempool.space, the average transasction fee on the Bitcoin network surged to as much as on Friday, requiring over 5.4 BTC (around 0,000) in fees to be paid to miners to generate a single block in the Bitcoin network. Crypto exchange OKX appears to be responsible for the abnormal spike in transactional fees on the Bitcoin network
After questions were raised, OKX’s Chinese account promptly addressed them on X, confirming that the exchange was behind the recent spike. They stated that OKX had been “testing a collection program” and has now ceased the test.
As of press time, the exact method by which OKX managed to significantly alter Bitcoin’s network fee landscape remains unclear.
Web3 analyst @1999_eth has suggested that the exchange may have deployed a flawed script. Regardless of the cause, the incident has impacted the entire network, with over 330,000 transactions currently stuck as of press time.
Bitcoin network congestion typically surges during periods of high transaction volume or huge events in the crypto market. For instance, during Bitcoin’s rally to the ,000 level in 2017, the number of unconfirmed transactions in the mempool soared to approximately 180,000, causing delays of several days for users awaiting transaction processing.
Crypto exchange Coinbase has unveiled a new metric dubbed the h-index to address distortions in tracking onchain adoption caused by airdrop-related activities.
Coinbase, a publicly traded U.S.-based cryptocurrency exchange, known for its development of Base, a layer-2 solution for Ethereum, has introduced a new metric to provide a more accurate measure of blockchain network adoption. This new metric aims to mitigate distortions caused by airdrop-related activities and Sybil attacks.
In a research report on Friday, Coinbase noted that investments in blockchain infrastructure have led to an excess of blockspace, making onchain transactions cheaper and fueling networks with a new wave of decentralized applications. However, this change also made it challenging for analysts to track ecosystem adoption as more applications launch.
Traditional network metrics such as total transactions or daily active addresses can be skewed by Sybil attacks and airdrop activities, Coinbase says. To address this issue, Coinbase proposes a new metric called the h-index, which balances the depth and breadth of onchain adoption. The h-index counts the number of addresses receiving transactions from at least that same number of unique sending addresses.
“In other words, an h-index of 100 means that 100 different receiving addresses had received transactions from at least 100 unique sending addresses over a given time frame.”
Coinbase
According to Coinbase’s findings, when h-index applied, Ethereum and Base networks exhibited the most widespread user activity for the week ending Jun 6, followed by Arbitrum and Polygon.
H-index for blockchain networks | Source: Coinbase
While acknowledging the metric’s imperfections, Coinbase believes the h-index can shed “new perspectives on comparative chain adoption by mitigating the outsized influences of Sybils and measuring growth more broadly.”
The crypto exchange noted though that challenges still remain, including differences in blockchain execution environments, which can affect transaction formats and data interpretation. Additionally, the influence of exchange or other smart contract wallets “could also distort numbers,” Coinbase admits.
Sybil attacks are a well-known type of network attack in the crypto industry where a single entity creates multiple fake identities or nodes to gain control over a network or influence its operation. This sort of activity can manipulate network metrics and data by creating numerous false accounts or addresses to inflate transaction volumes or user activity artificially to distort the perception of network usage and adoption.
Three Roaring Kitty-inspired memecoins marked triple-digit price increases over the past week.
Despite a slight decline in the overall memecoin market cap, CoinGecko data showes that GME, KITTY, and ROAR whipsawed over 100%.
The three tokens have seemingly benefitted from associations with GameStop trader Keith Gill, although no official affiliation exists with the original memestock champion. On Friday, GME, KITTY, and ROAR are up 445%, 817%, and 107%, respectively, over the past week.
GME shares an identical ticker with video game retail company GameStop and KITTY is styled after Gill’s Roaring Kitty online alias. Both tokens are Solana-based, while ROAR lives on Ethereum, crypto’s second-largest blockchain.
Roaring Kitty comeback
Gill became famous for marshaling support behind GameStop (GME) in 2021. At the time, the video game retailer struggled to maintain relevance during a short squeeze as its stock price was far below its all-time highs.
The investor vanished from the public eye till this year, returning on social media with a series of posts on X. As some cat-themed memecoins boomed on Gill’s comeback, the GME investor disclosed his GME stock and options positions on Reddit.
Roaring Kitty, DeepFuckingValue has updated his GameStop, $GME position.
At press time, Gill’s GameStop portfolio was valued at over 0 million despite a 28% fall in GameStop’s stock price on the day. The company posted a sharp 29% sales decline in its first-quarter earnings report.
If GME stock rises to per share, the value of Gill’s position could hit billion. Also, Gill is hosting a YouTube Live stream for the first time in three years. Crypto.news noted over 78,000 people in the waiting room ahead of the event, which is scheduled for 4 PM UTC.
With Bitcoin and Ethereum surging, what does the Ripple price prediction indicate about XRP’s ability to catch up with these market leaders?
Ripple (XRP) has been in the spotlight for quite some time, but not necessarily for the reasons its fans would hope. Since the start of the year, XRP has traded flat, showing disappointing performance.
While Bitcoin (BTC) and Ethereum (ETH) have surged by 69% year to date (YTD), and other altcoins have gained more than 100%, Ripple’s value has declined by nearly 15%, currently sitting at .53.
XRP 1-year price chart | Source: CoinMarketCap
Despite this lackluster performance, Ripple has made notable strides in its business operations.
Recently, Ripple announced a new partnership with Clear Junction to facilitate instant and secure GBP and EUR-denominated payouts for Ripple’s payment customers.
The partnership expands Ripple’s reach and capabilities in the financial world. Ripple’s official website also hinted at more customer additions by the end of the year through this partnership, which could potentially enhance its market position.
Adding to this momentum, Ripple CEO Brad Garlinghouse recently appeared on Fox Business, advocating for the approval of multiple altcoin exchange-traded funds (ETFs).
He argued that just as investors diversify their portfolios with commodities like gold and silver, they should also have the option to diversify with various crypto assets.
Garlinghouse, recalling the days when XRP was the second-largest digital asset by market capitalization, confidently stated that the approval of an XRP ETF was “inevitable.”
Despite these promising developments, the looming legal battle with the U.S. Securities and Exchange Commission (SEC) continues to cast a shadow over XRP.
With all eyes on the upcoming court decision, the big question remains: where is XRP headed next? Will the legal clarity bring a much-needed boost to its price, or will the uncertainties continue to weigh it down?
Let’s delve deeper and understand Ripple’s price prediction in light of these developments.
The ongoing saga of Ripple vs the SEC
The legal saga between Ripple and the SEC has been a rollercoaster of twists and turns, each development sparking waves of speculation in the crypto world.
This high-stakes battle began in December 2020 when the SEC accused Ripple of raising over .3 billion through an unregistered securities offering by selling XRP.
The Ripple vs. SEC case took a dramatic turn in July 2023 when U.S. District Judge Analisa Torres delivered a landmark ruling. She determined that Ripple’s sales of XRP to institutional investors qualified as securities under federal law, but sales to the general public did not.
Judge Torres applied the Howey Test, a legal standard from a 1946 Supreme Court case, to make her decision. She found that institutional investors understood Ripple’s pitch as a speculative investment, fitting the criteria of an investment contract.
However, she ruled that programmatic sales to retail investors on exchanges did not meet this standard because those buyers were unaware of Ripple’s statements about XRP’s potential profits.
The decision from Judge Torres was hailed as a major win for the crypto industry, as it potentially limits the SEC’s jurisdiction over cryptos traded on public exchanges.
Recently, the case has heated up again. Ripple filed a reply letter supporting its motion to seal data related to the SEC’s motion for judgment and remedies.
The SEC argued that this financial and securities sales information was crucial, as it constituted “judicial documents” central to the arguments about remedies and could influence the court’s decision.
Ripple, however, contends that these historical contracts are irrelevant because they have amended their XRP sales procedures. The company highlighted that it no longer sells XRP through over-the-counter transactions, which were classified as “institutional sales” by the court.
Instead, Ripple now sells XRP to customers for use with its on-demand liquidity (ODL) product, which lacks the controversial terms of the previous over-the-counter contracts, such as discounts for sophisticated counterparties.
The final phase of the lawsuit saw both parties submitting necessary documents and briefs to magistrates. The court’s decision could come at any time, adding another layer of suspense to this already dramatic legal battle.
Judge Netburn, who has been nominated to serve as a federal judge in the U.S. District Court for the Southern District of New York, will handle the latest developments. Her decisions on these motions could shape the future of XRP and set important precedents for the crypto industry.
What’s next for Ripple?
As the legal battle with the SEC continues, Ripple is stepping up its game, not just in the courtroom but also in the market and political arenas.
One of the most exciting developments is Ripple’s plan to launch a USD-backed stablecoin, which will be fully backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.
According to Ripple, the stablecoin market is projected to exceed .8 trillion by 2028, up from around 2 billion today. Ripple aims to tap into this growing demand. The stablecoin will initially be available on the XRP Ledger (XRPL) and Ethereum blockchains.
1/ The stablecoin market is booming – around 0B today, and projected to soar past .8T by 2028. There’s a clear demand for trust, stability, and utility.
That’s why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
Over time, Ripple also plans to expand to other blockchains and decentralized finance (DeFi) protocols, driving more use cases, liquidity, and opportunities for developers and users within the XRPL community and beyond.
In addition to product innovations, Ripple is also actively engaged in shaping the political arena in the U.S.
The company recently announced a million contribution to Fairshake, a federal super PAC dedicated to supporting pro-crypto, pro-innovation political candidates in the 2024 elections.
Ripple’s contribution is in addition to the million it contributed in 2023 and is part of an industry-wide effort to promote policies that support financial innovation in the U.S., aiming to challenge the SEC’s regulatory hiccups and advocate for a more favorable environment for crypto businesses.
As Brad Garlinghouse mentioned, Ripple and the crypto industry cannot remain silent while regulators impede innovation. The upcoming elections are seen as crucial for the future of crypto in the U.S., and Ripple aims to ensure that the right candidates who support crypto are elected.
Ripple price prediction: will Ripple price rise?
Recent analyses suggest that XRP might be on the brink of a massive price surge fueled by technical patterns and legal clarity.
DustyBC, a prominent crypto analyst, shared a chart predicting a potential “God candle” for XRP, which could push its price above . This Ripple coin price prediction represents a staggering 4,000% price gain.
DustyBC’s analysis is rooted in a symmetrical triangle pattern, a technical formation indicating that XRP has been consolidating since 2017, with a breakout possibly on the horizon.
Another crypto enthusiast, Javon Marks, shared an even more optimistic outlook. Marks speculates that XRP could exceed 0 if it follows a full logarithmic growth path.
With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for 0+.
Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER!
Marks’s Ripple crypto price prediction is based on Ripple’s historical performance, where XRP witnessed over a 108,000% run during the 2017-2018 bull market.
He believes a similar, if not more substantial, rally could be on the horizon, pointing to a potential 33,030% increase from current levels.
Another crypto analyst argued that Ripple’s ongoing three-year battle with the SEC is the reason for XRP’s underperformance during the last bull run.
A lot of people hate $XRP for one reason or another.
Realistically, we know as investors that when a lot of people ‘feel’ a certain way, there is probably value in the asset they feel that way against.
With that being said, $XRP is in a unique position.
However, this prolonged consolidation period, combined with its historical ability to surge dramatically (10,000% in 60 days and 61,000% in 280 days in 2017), suggests potential for future gains.
The prolonged consolidation phase, according to technical analysts, often leads to substantial expansion, making XRP a compelling asset to watch, he added.
However, not all Ripple crypto price predictions are this bullish. Wallet Investor’s Ripple price prediction for 2024 forecasts XRP to be at .579 and .478 by 2025.
On the other hand, DigitalCoinPrice offers a more optimistic Ripple price prediction for 2025, placing XRP at .29. They also predict XRP to reach .88 by 2030, reflecting a long-term bullish outlook for the Ripple price prediction for 2030.
Always keep in mind that these XRP forecasts and Ripple projections are based on current market trends, technical analysis, and analyst opinions. They can, and often do, go wrong.
Hence, never make these XRP price predictions a basis for your investments, and always conduct your own research. Keep the golden rule of investing in mind: never invest more than you can afford to lose.
FAQs
Is Ripple a good investment?
Ripple could be considered a good investment due to its innovative technology. Many analysts believe that Ripple is the future of digital payments and cross-border transactions. However, it’s important to conduct your own research and consider the risks before investing.
Will Ripple price rise or fall?
Predicting whether Ripple’s expected price will rise or fall depends on various factors, including market trends, legal developments, and overall adoption of the technology. While many experts have a positive Ripple prognosis, it’s essential to stay updated with the latest news and market analysis.
How high can Ripple go?
The potential for how high can Ripple go varies among analysts. Some believe it could see heavy gains, especially if regulatory clarity is achieved and adoption increases. However, exact future prices are uncertain and depend on multiple market factors.
Can Ripple reach 0?
Reaching 0 is ambitious for Ripple but not impossible if strong market adoption and favorable regulatory outcomes occur. Hence, it’s crucial to manage expectations and invest wisely.
How to buy Ripple (XRP)?
To buy Ripple (XRP), you can use popular cryptocurrency exchanges like Binance, Coinbase, or Kraken. Simply create an account, complete the verification process, and deposit funds to purchase XRP. Make sure to use secure platforms and follow best practices for safety.
Should I invest in Ripple?
Whether to invest in Ripple depends on your financial goals and risk tolerance. If you believe in its technology and future prospects, it might be worth considering. However, always diversify your investments and never invest more than you can afford to lose. Conduct thorough research before making any decision
StarkWare says its plan to expand its scaling technology to the Bitcoin network won’t result in forking Starknet or making a new token.
StarkWare, the developer behind Starknet, clarified that its primary focus remains on scaling Ethereum through the use of validity rollups and ZK proofs even despite its efforts to bring scalability solutions to the Bitcoin ecosystem.
We know that you are as excited as we are to see what Starknet over Bitcoin means!
So, let’s clarify things 🦸
Starknet will continue focusing on scaling Ethereum like we’ve done since launching its first Validity Rollup. We will notably continue our work in the ZK field as… pic.twitter.com/lBG07gKy17
In an X post on Jun. 7, the blockchain developer valued at billion highlighted its commitment to enhancing the efficiency of Ethereum scaling in 2024, saying the firm “will strive to scale Ethereum in the most efficient way possible.”
“Our goal, consistent since the initiation of Starknet, is to develop STARK proofs to enhance the scalability and integrity of blockchains that we believe in.”
StarkWare
As a result, Starknet aims to serve both the Ethereum and Bitcoin communities without creating a new layer or exclusive token for Bitcoin. Instead, Starknet will act as an execution layer that simultaneously scales both Bitcoin and Ethereum.
“StarkWare won’t fork Starknet to create a new layer on Bitcoin or establish an exclusive token for the Bitcoin ecosystem. Instead, Starknet will (try to) act as an execution layer that scales both Bitcoin and Ethereum simultaneously. Its security, governance, and ecosystem will all be driven by the STRK token.”
StarkWare
StarkWare’s initiative to bring ZK scaling to Bitcoin comes as part of a broader strategy to address the scalability challenges faced by major blockchains. With the new expansion, the Starknet developer aims to leverage its technology from the Ethereum network to make a “single layer that settles on both Bitcoin and Ethereum.”
The firm anticipates completing the development of the solution within six months following the potential Bitcoin upgrade known as OP_CAT, which seeks to integrate smart contracts into the Bitcoin ecosystem.
