Digital currency tokens that offer a purely monetary function are falling out of favor. The new kids in town are those tokens that are not necessarily used as currency, and they are rerouting the course of cryptocurrency trading. When you have tokens issued by companies such as Topps and Microstrategy,…
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99Crypto
Ripple Currency Grows, But Is This Growth Sustainable Long Term?
Trading of Ripple, the centralized digital currency developed by Ripple Labs, nearly approached an exchange price of $2 after a fierce rally that overshot the previous psychological level of one dollar. After more than two years of being stuck around $0.50, XRP shot up to $1.96 on April…
Solana Could Be a Big Boon for a Token's Growth
Solana, a decentralized finance project that aims to provide an alternative to the Ethereum blockchain, is seeing the value of its token rise significantly thanks to new activity on the network. The exchange price of SOL has climbed by more than 50% over the last couple of weeks, and this…
XRP Value Soars As the Token Has Two SEC Victories
The week in cryptocurrency has been a busy one. Ripple's XRP token appears to be pushing past the others. It reached a 30% higher price than expected. It's also in a good position after earning some legal victories. XRP went as high as $1.36 before…
Musk's Subsidiary Puts a Microchip Into an Adult Macaque Monkey
SingularityNET, a financial technology company that seeks to develop blockchain solutions with artificial intelligence features, has rallied by nearly 1000% this year. The AGI token used by this company serves to purchase access to application programming interfaces and code bases that have been developed within the SingularityNET platform. The company…
These Tokens Are Lighting Up the Boards of Cryptocurrency Exchanges
Over the past few months, excitement has built around centralized cryptocurrency exchanges. The hubbub is over Coinbase's April 14 NASDAQ listing and its recent proclamation that it generated $1.8 billion in revenue during 2021's first quarter of business. DeFi has attracted a lot of investors…