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Nasdaq-listed VivoPower has come up with a cost-effective means to boost its XRP treasury. The company announced plans to buy Ripple shares, a move that effectively gives it more exposure to the altcoin since Ripple is the largest holder of the token. VivoPower To Purchase $100M Ripple Shares, Buying XRP For $0.47 In a press
The post VivoPower to Gain XRP Exposure at $0.47 per Token via Ripple Share Purchase appeared first on CoinGape.
Earlier today, RedStone amended the terms of its RED token airdrop without warning, causing Binance to suspend its listing. This caused the price to crash dramatically amidst community feedback, but the project soon responded.
Now, an extra 2% of RED tokens are being airdropped today, and Binance is listing them as normal. The price has rebounded, but community resentment may linger all the same.
RedStone, a DeFi oracle project, has run into some difficulties with its RED token airdrop. Over the past few months, the project became increasingly popular among the crypto community, and received support from leaders in Liquid Staking.
RedStone’s native token RED launched today, and Binance was supposed to list it on launch time.
However, the project claimed at the last minute that the airdrop would be smaller than usual, and Binance refused to list the token.
“Due to unexpected and last minute changes by RedStone to the allocation of their community airdrop distribution, the trading start time for RED will be suspended until further notice. RedStone had originally committed to distribute 9.5% of their total supply to the community via airdrop distribution. The project has now lowered this amount to 5% of the total supply,” it read.
Naturally, RedStone’s announcement caused a huge controversy within the community, which was only compounded by Binance.
Binance is the world’s largest crypto exchange, and its listings have consistently led to huge price spikes for the relevant tokens. For a time, this decision looked like a huge fiasco, leading RedStone supporters to speak out:
“The RedStone airdrop situation is a mess. It looks like 95% of users received nothing, despite years of activity— people who spent 1-2+ years engaging with the project were completely ineligible. I’ve never seen a precedent like this. Every launch like this reinforces [that] there is no real transparency in airdrops, and every mistake like this damages the brand,” one user said.
However, after Binance announced the suspension, RedStone addressed the controversy. The firm responded to community feedback, amending its airdrop plan once again.
5% of RED tokens have already been distributed, and the missing 4.5% will be distributed six months after TGE. Today, 2% will be airdropped on top of that.
Following the amendment, Binance reversed its decision and RED rallied back up, reversing previous losses.
According to data from both CoinGecko and CoinMarketCap, RED launched at $0.80 today. While it briefly went up to $0.98 after Binance’s re-listing announcement, it’s yet to hit the dollar mark.
Overall, RedStone’s reputation may suffer as a result of this incident, even though it acted quickly to correct the problem.
The post Binance Will List RedStone (RED) After Previous Delisting Announcement appeared first on BeInCrypto.
The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to keep up the momentum. What’s next for these altcoins?
Ondo Finance is one of the leading tokenizations of Real World Assets (RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive bullish signals.
As seen in the above chart, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2.
After a bullish start, the MOVE price began to trade within a descending parallel channel following a rejection from the highs. While the price is trying hard to validate a strong ascending trend that could push the price above $0.5 and eventually break the resistance and, in turn, break the bearish pattern. Besides, the decreased volume raises some concerns, but with the growing bullish market sentiments, the MOVE price is also expected to demonstrate massive price actions.
As mentioned above, the MOVE is also stuck within a descending parallel channel. The Bollinger Bands have begun to squeeze, hinting towards a drop in volatility. This suggests the price is undergoing a strong consolidation phase and is preparing for a breakout. Meanwhile, the CMF has risen above 0, hinting towards the growing strength of the bulls against the bears. Therefore, the buying pressure is slowly mounting, which may push the price towards the resistance of the channel and eventually trigger a breakout above $0.6.
Therefore, the prices of ONDO & Movement remain stuck within a similar pattern and are undergoing a strong consolidation phase. Hence, a breakout appears to be imminent after the accumulation reaches it’s edge.
The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to …
The post Solana Shows Strength As it Recovers Past $150 Mark, But Analysts Expect Ruvi AI (RUVI) To be the Next 100x Gem and Skyrocket by 15,500% in 2025 appeared first on Coinpedia Fintech News
Solana (SOL), a notable player in the blockchain world, continues its remarkable trajectory with its price currently sitting at $152.96. Recent developments, including an $18 million purchase of SOL tokens by SOL Strategies and bullish technical indicators suggesting a rally to $220, have solidified its position as one of crypto’s heavyweights.
However, while Solana thrives on institutional interest, Ruvi is carving a path for those aiming to unlock unprecedented gains in this dynamic market.
Solana’s recent performance has been fueled by significant milestones, drawing both investor interest and market optimism.
While these achievements affirm Solana’s long-term prospects, the appeal of projects like Ruvi lies in their ability to deliver exponential returns that established cryptos like SOL can no longer match.
Ruvi is an emerging cryptocurrency that blends innovative AI-driven solutions with blockchain technology, positioning itself as a high-growth opportunity in its presale phase. With tokens priced at $0.01, Ruvi offers a golden chance for early adopters to capitalize on explosive returns.
Key features that set Ruvi apart include:
Comparing Ruvi to Solana in its early days highlights the potential for similar, if not greater, breakthroughs.
Consider these potential investment outcomes to understand Ruvi’s financial power:
With $500, investors can acquire 50,000 tokens during the presale. Add a 40% bonus, and the total becomes 70,000 tokens. If Ruvi reaches $2, this translates to a portfolio worth $140,000.
A $3,000 investor secures 300,000 tokens, expanding to 540,000 tokens with an 80% bonus. If Ruvi climbs to $3 per token, the value skyrockets to $1.62 million.
For high-stakes investors, $10,000 provides 1,000,000 tokens, which double to 2,000,000 tokens with a 100% bonus. When Ruvi reaches $3, this turns into a staggering $6 million.
Solana’s growth highlights its undeniable strength in the blockchain space. However, for those seeking life-changing returns, the early-stage advantage of Ruvi cannot be ignored. Investing in Ruvi today mirrors those who entered Solana when it was priced at single digits.
The cryptocurrency market rewards foresight, and Ruvi embodies the next massive wave for early-stage investors. Solana’s impressive metrics position it as a solid long-term player, but Ruvi is where the real opportunity for exponential growth lies.
Secure your stake in Ruvi now and harness the future of blockchain innovation. Whether your starting point is $500, $3,000, or $10,000, Ruvi offers the potential to redefine your financial landscape.
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The post Solana Shows Strength As it Recovers Past $150 Mark, But Analysts Expect Ruvi AI (RUVI) To be the Next 100x Gem and Skyrocket by 15,500% in 2025 appeared first on Coinpedia Fintech News
Solana (SOL), a notable player in the blockchain world, continues its remarkable trajectory with its price currently sitting at $152.96. Recent developments, including an $18 million purchase of SOL tokens by SOL Strategies and bullish technical indicators suggesting a rally to $220, have solidified its position as one of crypto’s heavyweights. However, while Solana thrives …