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Bitcoin surged to an unprecedented high of $126,080 early last month, but the Uptober wave quickly broke after Trump’s tariff announcement on China triggered a selloff on October 6, leading to a month-long correction.
For many long-term crypto enthusiasts, this downturn was expected and even welcomed. Market corrections often clear out excess leverage and speculative froth, creating a healthier foundation for the next bull cycle.
With the market stabilizing, momentum is expected to return as we approach the New Year. Here’s a closer look at why XRP, Dogecoin, and Pepe are well-positioned to lead the upcoming rally.
XRP (XRP): Reinventing Global Transactions
Ripple’s XRP ($XRP) token underpins a fast, low-cost payments network designed to make lengthy traditional systems like SWIFT obsolete.
Ripple’s reach continues to expand, having come up in reports by the UN Capital Development Fund and the White House. Additionally, Ripple continues to ink strategic collaborations with major global banks. This has helped XRP secure the fourth-largest market cap, sitting at around $146 billion.
Ripple’s new dollar-pegged RLUSD stablecoin marks a strategic effort to corner the sector of crypto that could lead to global adoption of blockchain tech. Each RLUSD transaction, alongside activity across the XRP Ledger, incurs a small XRP burn, effectively linking token demand to network usage.
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