๐ต #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
๐ต #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Letโs hear your thoughts!
Ripple Mints Record-Breaking Number of RLUSD Tokens
San Francisco-based blockchain company Ripple has minted a record-breaking 50 million tokens on Ethereum. This is the largest single-batch mint to date by a large margin
On top of the aforementioned sum, the company minted a total of 61.3 million tokens in March. On March 17, Ripple issued more than 28 million RLUSD.
According to CoinGecko data, the total market cap of RLUSD has already swelled to $243 million. However, the stablecoin, which was launched in December, still has a long way to go before it catches up with its major competitors
For comparison, PayPal's PYUSD has a market cap $753 million. Circle's USDC stands at $60 billion while Tether is approaching $143 billion
That said, as reported by U.Today, the stablecoin boasts the highest volume-to-market cap ratio. Peter Thiel-backed cryptocurrency exchange Bullish accounts for most of the token's trading activity
As reported by U.Today, Ripple CEO Brad Garlinghouse has stated that the company is eyeing a top 5 placement among stablecoins for RLUSD by the end of this year. To achieve this ambitious goal, it would need to secure a market cap of more than $3 billion. Dai (DAI), the fifth-largest stablecoin, is currently at $3.2 billion.
Jack McDonald, SVP of Stablecoin at Ripple, recently revealed that the stablecoin is growing at a faster rate than initially expected. Apart from DeFi liquidity pools, the stablecoin is also being used by NGOs like Mercy Corps Ventures
Analytics firm IntoTheBlock has stated that RLUSD is currently positioned to become a major player in the stablecoin space based on how much traction it has been gaining