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Showing posts with the label resilience

XRP Breaks 7-Year Record as Ripple Overcomes Trump's Distractions!

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XRP has hit some seriously massive milestones. The digital currency broke its 7-year price record amid numerous tough legal battles. Ripple’s cryptocurrency is catching some serious attention in multiple market sectors. A few analysts are watching its strong performance with quite a bit of interest. Its resilience is turning heads across various financial landscapes. Source: Binance Also Read: Trump’s Treasury Nominee Rejects Digital Dollar: What It Means for Crypto Ripple’s XRP Soars: Overcoming Challenges, Breaking Records Source: VOI Political Rumors and Market Dynamics Around 2,365 significant XRP transactions occurred in just a single day. A few market analysts speculate about XRP potentially becoming part of a potential national digital asset plan. Ripple continues to navigate its ongoing legal battle with some challenging SEC regulations. Stuart Alderoty, Ripple’s top lawyer, quickly shot down a couple of political rumors. “These are completely false,...

Kraken Shuts Down Its NFT Marketplace – What Went Wrong?

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Kraken, a centralized cryptocurrency exchange platform that allows users to buy, sell, and trade crypto, has announced plans to close its non-fungible token marketplace. This harsh decision is part of a broader strategic measure aimed at redirecting resources toward new and more promising initiatives within its ecosystem. In this article, we shall assess the fate of NFT holders after closure. Kraken Is Shuttering Its NFT Marketplace In an email announcement sent to customers on November 26, Kraken confirmed plans to shut down its non-fungible token market platform. Starting Today, November 27, the NFT marketplace will enter withdrawal-only mode, initiating a three-month period to allow users to transfer their NFTs to external wallets before the definitive deactivation. Kraken’s NFT market platform will completely close in February 2025. BREAKING: Kraken to shutter its NFT marketplace pic.twitter.com/5Wa4ZpTOxz — Bryptos (@Bryptos_) November 26, 2024 Kraken, a centrali...

Avalanche (AVAX) Price Analysis for Today, September 9 – AVAX Technical Analysis

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Avalanche (AVAX) is gaining traction among crypto investors, thanks to its highly scalable, secure, and efficient blockchain platform. Its unique consensus mechanism enables it to process over 4,500 transactions per second, outperforming many other smart contract platforms in terms of speed. AVAX Key Statistics Current Price: $23.6 Market Cap: $9.57 billion Trading Volume (24h): $219.83 million Circulating Supply: 405.26 million AVAX Total Supply: 445.27 million AVAX CoinMarketCap Ranking: #12 Despite a 15.55% decline from its 30-day high, AVAX has shown resilience with a 3.38% increase over the past week. Moreover, its impressive bouncebacks of 18.90% from the monthly low and 14.95% from the weekly low suggest a robust recovery potential, hinting at a promising outlook for the asset. AVAX/USD Market Analysis Key Levels: Resistance: $23.6, $27.2, $32.00 Support: $23.5, $19.7, $17.2 AVAXUSD – Daily Chart AVAX/USD is showing signs of life, trading at $23.6 ...