Crypto Price Prediction: 3 Altcoins That Could Explode Ahead of May 22 Trump Dinner

In the latest XRP news update, Teucrium CEO Sal Gilbertie addressed the Ripple token as the cryptocurrency with the highest utility. After launching the first-ever XRP ETF, the investment firm’s CEO remains vocal about the token’s utility and real-world use cases.

While hailing XRP as the most useful crypto asset, Gilbertie underscored its unique value proposition and strong development backing. Let’s explore the token’s unique use cases through the lens of the Teucrium CEO.

XRP News: Why Did Teucrium Choose Ripple Token? CEO Explains

In a recent interview with Bloomberg, Teucrium CEO Sal Gilbertie praised the XRP token for its real-world utility. For him, XRP stands unique among other cryptocurrencies due to its dual strengths: a tradable asset with a clear function and robust development support. Gilbertie cited,

We chose XRP because we believe it’s the coin with the most utility. It’s not just speculation; it facilitates real transactions. Ripple is a team of true professionals.

Bitcoin or XRP?

Furthermore, the Teucrium CEO shared a comparative study on XRP and Bitcoin. Contrasting XRP with BTC, the CEO described the former as a practical tool for transferring value. He posited, “Bitcoin is a store of value, and that’s valid. But XRP has a real use case.”

Teucrium CEO Praises Ripple Team

Investment giant Teucrium recently launched the first-ever XRP ETF, sparking optimism within the Ripple community. After a week, the CEO came forward, expressing the platform’s enthusiasm for the project.
In addition, CEO Gilbertie praised Ripple and its team for their endeavors over the past years. He hailed the Ripple team as “professional people working really hard.”

According to Gilbertie, both Ripple and XRP are paving the way for a significant shift in the financial landscape. He added that the platform envisions a future where everything is tokenized.

Further bolstering his statements, he addressed Ripple’s recent acquisition of the broker-dealer Hidden Road. He acknowledged it as a phenomenal development towards the integration of traditional finance with decentralized finance (DeFi).

The post XRP News Update: Teucrium CEO Calls Ripple Coin the Most Useful Crypto After ETF Launch appeared first on CoinGape.

After years of being branded a ghost chain, Cardano has overtaken Ethereum in core developer activity. The flippening in this metric is fanning fresh enthusiasm that a sustained rally for Cardano price is on the horizon.

Cardano Ranks As Number 1 In Core Developer Activity

According to data from Cryptometheus, Cardano’s core developer activity has surpassed Ethereum over the last year. Per the developer tracker platform, Cardano now ranks in first place after flipping Ethereum with 21,439 GitHub commits in 12 months.

In the period under review, Cardano GitHub commits cut across 550 core repositories. A closer look at Cryptometheus data reveals 12 core projects, while the broader ecosystem is buzzing with 36 projects.

Developer activity on the 36 projects is red-hot, pulling in 4276 GitHub repositories and dousing previous speculation that Cardano is a ghost chain with no clear utility.

The glowing Cardano metrics leave Ethereum in second place after an underwhelming year. Cumulative developer activity on the Ethereum network stood at 20,962 commits, while its core developers did not pull in the same activity levels as Cardano.

Following a poor run of form, Cardano founder Charles Hoskinson predicts that Ethereum will crash in 2040. Hoskinson points to Ethereum’s outdated tech, layer 2 fragmentation, and falling developer activity as indicators of a decline.

Ethereum’s position in second place is precarious, given the impressive developer activity recorded by the third-placed Internet Computer. However, a new Ethereum Foundation vision designed to scale the layer 1 may trigger a resurgence in developer activity for the largest altcoin.

ADA Price Set To Record 100% Rally

The impressive on-chain numbers are stoking enthusiasm for a Cardano price rally in the future. At the moment, ADA trades at $0.70 while holding onto a key support level, which the pseudonymous T0ken Talk says could trigger a rally.

Per Token Talk, the incoming rally will see Cardano price surge by up to 100% in this cycle. Zooming out, the cryptoanalyst predicts that ADA can reach a valuation of $10 by 2029.

“ADA sideways around $0.70, but holding key support,” said Token Talk. “Analyst eye potential 100% recovery to $1.20-$1.30.”

For now, the forming of a golden cross sees ADA target $1 amid $20M worth of ADA leaving exchanges. Cardano is angling for ecosystem partnership and is inching toward XRP integration for its Lace Wallet. The partnership is touted to have mutual benefits for both parties, including price performance and broader ecosystem utility.

The post Cardano Flips Ethereum To Claim Top Spot In Core Developer Activity appeared first on CoinGape.

After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

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