Bitboy Says XRP Would Be Top Performer in Next Bull Market. Here’s Why
Ben Armstrong, a top YouTuber and crypto influencer popularly known as Bitboy, has picked XRP to be the top-performing crypto asset in the next bull market. This opinion comes as the summary judgment disclosure in the longstanding XRP lawsuit draws closer.
Biggest Movers: XRP Rebounds on Tuesday, as AVAX Hits 1-Week High
Xrp rose for a second consecutive session on Wednesday, as the token continued to move away from a recent price floor. Since hitting an eleven-month high a week ago, the token has mostly consolidated. Avalanche was also in the green, as prices hit a one-week high.
Ethereum Shots Up to 8-Month High, Ripple Gains 5% Daily
Bitcoin recently soared to almost $29,000 after a brief dip following news of Interpol issuing a Red Notice on Binance's CEO, which turned out to be fake. Despite failing to continue upwards and challenge $29,000, bitcoin is still up 2% on the day amid bullish on-chain signs and sits north of $28,500. Ethereum is up almost 6%, charting an eight-month high above $1,900, ahead of the long-anticipated Shanghai upgrade. XRP has also surged by 5.3%, while Avalanche and Uniswap are notable gainers from the top 20 altcoins, having surged by over 6%. The total crypto market cap has added around $30 billion in a day and is above $1.2 trillion on CMC.
Uphold Never Delisted XRP, Now Holds 2B+ XRP in Its Reserves
Uphold, a digital financial services platform, has confirmed that it never delisted XRP despite the ongoing legal case between Ripple and the SEC. Uphold's continued support for XRP has led to a surge in XRP reserves, with the platform holding $1.07 billion worth of the asset in its reserves, making it one of the largest holdings on the platform. XRP's transaction volume on Uphold is also the highest for any tier 3 asset, with a current volume of 28.33%. Uphold's support for XRP is seen as a smart business decision, with XRP representing a healthy percentage of trading fees earned at the platform.
XRP Lawyer In Maine Public Hearing: Bitcoin Is Not Threat To US Dollar
John Deaton, the lawyer who represents hundreds of XRP token holders in the ongoing Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), said there was no truth to the perceived notion of Bitcoin and digital assets being a threat to the US financial system and the US Dollar. He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. He also touched upon the impact of the banking crisis and the global implications it had.
XRP Among Most Viewed Crypto in North America & Oceania
XRP has become one of the most viewed cryptocurrencies in North America and Oceania on CoinMarketCap, according to the platform's Q1 report. The asset secured a 10.66% share of investor interest in North America, making it the region's fourth most viewed cryptocurrency, and an 11.45% share in Oceania, also ranking fourth. XRP was also among the cryptocurrencies most added to investors' watchlists in Q1, holding fourth position, with 158,754 watchlists added from January to March. The renewed optimism regarding the SEC vs Ripple case may have contributed to the increased interest in XRP. The asset has also registered one of the biggest gains for any asset in Q1 due to its late-minute rally.
DeFi Dominance Declines As Bitcoin, XRP Steal Crypto-Market Spotlight
Decentralized finance's (DeFi) market capitalization as a percentage of the global cryptocurrency market cap has hit fresh lows not seen since July 2022. DeFi's dominance is currently at 4.1%, down from 4.05%. This coincides with increased market-share gains for bitcoin, which has increased its dominance from 37.93% to 44.41% over the past 90 days, amid worries about a western banking crisis. XRP is also outperforming bitcoin, potentially reflecting investor sentiment surrounding a pending lawsuit brought by the US Securities and Exchange Commission against associated payments firm Ripple.
XRP Will Survive Even A Nuclear War, Claims John Deaton
XRP, a popular cryptocurrency, will survive even a nuclear war, claims John Deaton. Deaton, a prominent XRP investor and lawyer, believes that the cryptocurrency will continue to exist and function in the event of a global catastrophe.
