CRYPTO NEWS: Latest BITCOIN NEWS, TEZOS News, RIPPLE News
Ripple’s native token, XRP turned out to be the biggest loser among the top 10 cryptocurrencies on the basis of the past 7 days’ data. XRP losing streak continues while the other largest crypto is surfing on the relief rally. However, the long running legal tussle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is waiting for a much anticipated Summary Judgement.
XRP Price On A Decline
As per data, XRP price have been printing red indexes over the past week. Its price has dropped by almost 7% in the last 7 days. However, its close competitor Cardano (ADA) has printed green indexes with a surge of 6% in the same period.
Seems like the BSC whales have halted their XRP accumulation for a time. As per the latest data, the top 100 BSC whales hold $26.87 million worth of XRP tokens. However, BSC whales reported the exact same holding on March 10, 2023.
However, XRP made it to the list of the top 10 cryptos purchased among the top 4000 biggest BSC whales over the past 24 hours. The biggest of the 4000 BSC whales holds around $27,08 million worth of XRP.
XRP Price has dropped by 6% in the last 24 hours, It is trading at an average price of $0.36, at the press time. Its 24 hour trading volume registered a decline of 21% to stand at $1.2 billion.
Tezos (XTZ) has risen from an intraday low of $1.07 in the previous 24 hours owing to positive market domination. As a result of the solid bullish control, the XTZ price gradually rose to $1.24, its 7-day high, demonstrating the bullish control. At the time of writing, the price of XTZ had risen to $1.19, an increase of 10.51 %.
If the bullish momentum continues and the $1.24 resistance level fails to hold, the next resistance levels might be around $1.30 and $1.40, respectively. But, if bearish pressure prevails, support levels at $1.10 and $1.00 may be tested.
Traders boarding the bull train increased market capitalization and 24-hour trading volume by 10.28% and 193.41%, respectively, to $89,910,019 and $89,910,019. This increase was driven mainly by increased demand for the asset as more investors tried to capitalize on the optimistic market trend and prospective rewards.
On March 14, the crypto locomotive, Bitcoin, soared above the $26,000 mark for the first time since June last year. The main factor that pushed BTC up over 17% to an intra-day high of $26,500 was the release of the February CPI (Consumer Price Index) report that confirmed the predictions of analysts — 0.4% compared to 0.5% in January. Currently, BTC is changing hands at $24,667, according to CoinMarketCap data.
This indicated a slight fall in the inflation rate, namely from 6.4% down to 6.0% year-over-year compared to January.
The Metaverse Explained
Metaverse Explained
The Metaverse is a three-dimensional digital world that’s set to supersede the Internet. It’s a concept whose origins trace back to Neal Stephenson’s dystopian cyberpunk novel Snow Crash and William Gibson’s Neuromancer.
In his new book, venture capitalist Matthew Ball describes the potential of the Metaverse to revolutionize our society. It’s a network of virtual reality dataspaces supported by a digital economy that promises to make life easier and more fun.
Blockchain Technology and Non-Fungible Tokens
The metaverse will rely on a variety of secure technologies, including cryptography, blockchain technology and non-fungible tokens (NFTs). NFTs are digital assets that can represent music, art, digital real estate or anything else.
Business and Entrepreneurship
The Metaverse is also expected to create new opportunities for businesses. For example, companies could use virtual worlds to train employees and assess production facilities.
Creating a brand experience that integrates the metaverse will be critical to gaining customers’ trust. For instance, Nike has launched a digital world called Nikeland where users can dress their avatars in sneakers and apparel that are made by the company.
Facebook and Microsoft are already working on their own version of the Metaverse, allowing team members to visit offices and other spaces using their 3D avatars as early as 2022. Disney is experimenting with headset-free augmented reality to let guests at its amusement parks experience the Metaverse.
The Metaverse is set to become a major part of our culture in the coming years, but it will take some time for people to get used to it and understand how to use it effectively. That’s why it’s important to be educated on the concepts of the Metaverse and pass that knowledge on to your team.
