A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative. Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are “not delusional enough.” Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer? Three-Figure XRP Price Data showed that XRP is the top-performing crypto in the Trump-driven digital asset bull run. Hence, once again, a market expert is floating the idea of $589 per coin. Crypto Bitlord claimed that the real price target for XRP is not $6 as some commentators said but $589, adding that those who dismissed this three-figure target are not ambitious enough. You’re not delusional enough with your price targets $XRP $589 — Crypto Bitlord (@crypto_bitlord7) December 16, 2024 The crypto analyst argued that the prices being forecast by several market observers are conservative estimates, believing that $589 per unit is very feasible. Previously, Crypto Bitlord had already stated that XRP would reach the three-figure price. However, he received derogatory remarks from investors for what they claimed as an ambitious dream. Now, with the crypto asset performing very well in the bull market, Crypto Bitlord was able to fire back at them, calling them not “delusional” enough. Smoking Crack? Several traders in the XRP community do not share the same vision as Crypto Bitlord, seeing the target of $589 as not feasible. Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a “fantasy.” Edward argued that astronomical price predictions for the coin are delusional, saying, “People calling for $589, $1,000, or $10,000 are “smoking crack.” My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024 Other analysts said that a three-figure price would only happen if the crypto’s market capitalization hit $33 trillion, an amount that would be greater than the consolidated market cap of the top 20 American companies. Edward estimated the price rally would put XRP between $5 and $8. Altcoin Performing Well Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House. Last month, the crypto’s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3. Related Reading: 3-Year Peak: Chainlink Rally Fueled By Historic Open Interest Levels A CNBC report dubbed XRP as the “biggest winner” in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, XRP price has skyrocketed by 370%, outperforming the broader digital asset market. In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%. As of press time, XRP is traded at $2.36 with a total market capitalization of $136 billion. Featured image from, chart from TradingView
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Tether’s Market Cap Taps $140B as Stablecoin Dominates Crypto Trading
The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins first hit the scene, NewsBTC
Qubetics Raises $6.8M, Hedera Partners with Deloitte, and Cronos Implements Token Burn Strategy – Best Cryptos to Join in December 2024
As December 2024 progresses, the cryptocurrency space continues to evolve with exciting developments from major projects. Qubetics , Hedera, and Cronos are capturing headlines with significant advancements that set them apart as the Best Cryptos to Join in December 2024. From Qubetics’ decentralised VPN (dVPN) feature to Hedera’s enterprise-grade integrations and Cronos’ expanding DeFi ecosystem, these projects offer unique opportunities for investors seeking both innovation and growth. Qubetics: Revolutionising Privacy and Security Qubetics is making waves with its presale success, raising over $6.8 million in its 13th stage, selling more than 347 million tokens to over 10,000 holders. At $0.0342 per $TICS, the project is poised to deliver exponential returns. Analysts predict $TICS could hit $0.25 by the presale’s end, translating to a 630.20% ROI. If $TICS reaches $5 post-presale, the ROI jumps to 14,503.91%, with a staggering 43,711.74% ROI potential if $TICS reaches $15 after the mainnet launch. A standout feature of Qubetics is its decentralised VPN (dVPN), which ensures unparalleled online privacy and security. The dVPN empowers users to bypass censorship, protect sensitive data, and maintain anonymity in a world where digital privacy is under constant threat. For instance, a journalist operating in a restricted region or a corporation safeguarding proprietary information can rely on Qubetics’ dVPN for secure and anonymous access. Discover more about the dVPN here . In addition to its robust privacy solutions, Qubetics is actively building partnerships to expand the adoption of its dVPN technology. By collaborating with enterprises across industries, Qubetics aims to redefine how organisations and individuals safeguard their online presence. This strategic focus not only strengthens Qubetics’ ecosystem but also makes it an appealing choice for investors seeking real-world utility in blockchain projects. For more details, watch this video . Hedera: Driving Enterprise Blockchain Adoption Hedera Hashgraph continues to lead the charge in enterprise blockchain solutions. December 2024 marks a milestone as Hedera announces a new partnership with a global tech company to develop decentralised identity solutions. These advancements are expected to streamline user authentication and improve data security across industries such as healthcare, finance, and government. Hedera’s recent partnership with Deloitte marks a significant step in expanding its enterprise adoption and enhancing trust in blockchain solutions. For enterprises seeking reliable blockchain infrastructure, Hedera remains a top choice. Its native token, HBAR, has shown strong price performance following these recent announcements, positioning it as a lucrative short-term investment. With applications spanning supply chain management, fraud detection, and tokenised assets, Hedera is paving the way for widespread blockchain adoption. Its ability to address real-world challenges solidifies its reputation as one of the Best Cryptos to Join in December 2024. Cronos: Expanding the DeFi Frontier Cronos, the blockchain network associated with Crypto.com, is making significant strides in the decentralised finance (DeFi) space. December 2024 sees Cronos rolling out a new liquidity mining program that has already attracted major DeFi platforms to its ecosystem. This initiative is designed to increase user participation while driving the adoption of Cronos-based tokens. Cronos’ implementation of a token burn strategy demonstrates its commitment to increasing token scarcity and driving long-term value for investors. As the Cronos ecosystem grows, it continues to offer diverse opportunities for investors looking to capitalise on DeFi’s rapid expansion. Its focus on accessibility and innovation ensures its place among the Best Cryptos to Join in December 2024. Conclusion Qubetics, Hedera, and Cronos each bring unique strengths to the crypto landscape, making them exceptional choices for investors in December 2024. Qubetics’ dVPN feature addresses the pressing need for digital privacy, Hedera’s enterprise-grade solutions drive blockchain adoption, and Cronos’ expanding DeFi ecosystem fosters innovation and growth. For those seeking high-growth potential and cutting-edge technology, these projects are undeniably the Best Cryptos to Join in December 2024 . Take advantage of Qubetics’ ongoing presale and be part of the next wave of blockchain innovation. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post Qubetics Raises $6.8M, Hedera Partners with Deloitte, and Cronos Implements Token Burn Strategy – Best Cryptos to Join in December 2024 appeared first on TheCoinrise.com . NewsBTC