![]() Nevertheless, there are still many bullish investors who view Ripple as the future of international money wiring. The legal case also prevents the trading of the altcoin on U.S.-based exchanges. Securities and Exchange Commission (SEC) has restrained the crypto’s price throughout the past year. Therefore, Ripple threatens to disrupt the international wire transfer business.ĭespite the tailwinds for the platform, the lawsuit between Ripple and the U.S. It is, in fact, hailed as the new alternative to the Society for Worldwide Interbank Financial Telecommunication ( SWIFT) messaging network. The Ripple platform is widely considered to be the most efficient settlement option for financial institutions for interbank flows.Īs a result, Ripple remains popular among both institutional and retail investors. XRP-USD is the native cryptocurrency used on the Ripple network to facilitate money transfers between various currencies. The platform provides real-time payments with extremely fast transactions. The final digital asset on our list is Ripple ( XRP-USD). I expect the number of apps relying on the Polygon network to increase exponentially. Despite the decline, the altcoin ranks among the top 20 cryptos with a market cap of $ 11.2 billion. Yet, it has dropped roughly 35% year-to-date (YTD). MATIC-USD has surged nearly 350% over the past year. It uses zero-knowledge rollup technology to port data across networks. In addition, the network recently added a Polygon Zero feature. Popular decentralized finance (DeFi) projects like SushiSwap ( SUSHI-USD), Curve ( CRV-USD), and Aave ( AAVE-USD) utilize Polygon. The aim is to resolve inefficiencies that may hinder a more widespread adoption of blockchain technology. Polygon uses its own Proof-of-Stake (PoS) blockchain and Commit Chain connectivity to help scale the Ethereum network. MATIC-USD is the token that powers this layer 2 platform. It also allows for faster and cheaper transactions. It helps scale Ethereum by providing a side chain that connects to the Ethereum network.Īs a Layer 2 scaling solution, the network connects various blockchain projects that aren’t necessarily interoperable on Ethereum. Next up on our list is Polygon ( MATIC-USD). If you are a long-term investor, Decentraland deserves your attention. ![]() MANA-USD has gained over 150% over the past year and ranks among the top 50 altcoins with a market capitalization (cap) of $ 4.78 billion. The network has attracted prominent brands within its metaverse, including Coca-Cola (NYSE: KO), Samsung , and JP Morgan Chase (NYSE: JPM). Meanwhile, Decentraland is regarded as the front-runner among the metaverse coins. The token is used to buy LAND, avatars, wearables, and other in-game items in the platform. MANA-USD is the cryptocurrency that powers Decentraland. Players can develop and monetize their land with 3D content, games, and other applications. The platform also allows users to buy parcels of virtual space called LAND via non fungible tokens (NFTs). For instance, they can charge others to visit these venues. Users can play games or create art galleries, concert halls or other businesses. It combines entertainment, gaming, and e-commerce elements, appealing to individuals and businesses alike. Our first crypto Decentraland ( MANA-USD) is a decentralized, immersive virtual reality platform powered by the Ethereum blockchain. With that information, here are three cryptos that could see explosive growth over the next 12 months: MANA-USD ![]() Thus, it is important to maintain a long-term perspective to reap the potential benefits of the crypto space. However, market analysts indicate that investors may need to wait until 2023 to see real crypto booms again. Therefore, as the second quarter (Q2) begins, investors are now wondering what could be the next cryptocurrency to explode. ![]() Meanwhile, President Joe Biden has recently signed an Executive Order that outlines a national policy for digital assets, further boosting the long-term prospects of the broad crypto market. Yet, the interest in coins, as well as the blockchain technology behind them, is still strong. But since then, most cryptos, including the heavyweights like Bitcoin ( BTC-USD), Ethereum ( ETH-USD) and Solana ( SOL-USD), have come under pressure. In fact, 2022 saw many retail investors enjoy returns of double, triple digits, or even more on their investments. Digital assets, including cryptocurrencies, have seen enormous growth in recent years, exceeding a $3 trillion market capitalization last November. ![]()
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