XRP is currently trading at $2.12, staying above the important $2.00 support level. It’s up about 3% in the last 24 hours, showing some positive momentum. The coin tested the support zone again but bounced back, which means buyers are still active and willing to step in.
This bounce suggests the market might be starting to recover from the recent downturn. If the buying pressure continues, the market could soon see a relief rally.
According to analyst Egrag Crypto, XRP is currently forming an Ascending Broadening Wedge pattern, suggesting two possible price targets: a decline to $0.65 or a rise to $17. For a bullish breakout, XRP must first close above $3.50. If it reaches the $5 level but fails to sustain above it, this could signal a higher probability of the pattern playing out. A rejection at $5 would likely lead to a retest of the $1.90 level.
A successful breakout above $5, with a follow-through above $6, could drive XRP toward the $17 target within 2-3 weeks. However, the analysis hints at a 70% likelihood of a downside breakout, potentially pushing the price back to $0.65, with only a 30% chance for the bullish scenario. This pattern is not yet fully formed, and key price levels should be monitored closely for confirmation.
The cryptocurrency world is buzzing with a positive update from Samson Mow, the vocal CEO of JAN3 and a Bitcoin advocate. He reveals a delightful prediction: Bitcoin could soar to $1 million per coin in a matter of weeks to months.
In a recent interview, Mow outlined his concept of “hyperbitcoinization,” a transformative change in which Bitcoin emerges as a fundamental element of the global financial system. As fiat currencies jiggle and countries are coining forward to adopt crypto, Mow’s vision is enchanting both investors and skeptics.
The $1 Million Bitcoin Scenario Explained
Mow’s prediction relies on a sudden and steep increase, rather than a gradual rise. He describes the rise as a “brief and fierce surge” that might push Bitcoin’s worth to $1 million.
“They don’t gradually fail, they fail spectacularly“, Mow stated, citing fiat currencies, indicating the increasing global economic turmoil. With inflation reducing faith in traditional currency, Bitcoin’s decentralized features place it as a refuge, placing its worth at unmatched levels.
Hyperbitcoinization: Governments Quietly Joining In
Mow believes governments are already preparing for this shift. One example he gave is Bhutan, which has been mining Bitcoin since 2019. Today, its Bitcoin holdings are reportedly worth close to one trillion dollars – a signal, he says, that hyperbitcoinization is already underway.
Countries with abundant energy resources are in a unique position, Mow explained. They can use their excess energy to mine Bitcoin, boost their reserves, and use the funds to pay down debt or support national projects. This, he believes, could help some nations stabilize their economies while shifting toward a Bitcoin-based financial model.
Bitcoin Bonds Could Redefine Sovereign Debt
Mow also sees a future where governments begin issuing Bitcoin-backed sovereign debt. This could lead to a new kind of global Bitcoin Bond market.
He pointed to MicroStrategy CEO Michael Saylor, whose company has used Bitcoin to raise funds successfully. That strategy, Mow said, could soon be adopted by countries.
“It’s simply a matter of time before every country pulls that trigger,” Mow asserted.
If that happens, Bitcoin’s demand and price could rise sharply, pushing it toward that $1 million mark.
What’s Next for Bitcoin?
With global uncertainty growing and more governments exploring Bitcoin, Mow’s vision of hyperbitcoinization may not be far off. If countries begin using Bitcoin to back their reserves or issue debt, the cryptocurrency could shift from being just an investment to becoming a core part of the global economy.
Whether Bitcoin hits $1 million remains to be seen but the pieces, according to Mow, are already falling into place.
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The cryptocurrency world is buzzing with a positive update from Samson Mow, the vocal CEO of JAN3 and a Bitcoin advocate. He reveals a delightful prediction: Bitcoin could soar to $1 million per coin in a matter of weeks to months. In a recent interview, Mow outlined his concept of “hyperbitcoinization,” a transformative change in …
BNB Chain has successfully deployed its much-anticipated Maxwell Hard Fork on the testnet. This launch delivers a high-speed, low-latency blockchain performance.
Maxwell’s mainnet activation is scheduled for June 30, 2025. Nevertheless, this deployment positions BNB Chain to rival Solana and Ethereum blockchains on specific metrics.
BNB Chain’s Maxwell Upgrade: What Users Need to Know
The upgrade, activated at block 5,255,2978, represents a foundational overhaul of BNB Chain’s consensus and networking infrastructure. It significantly reduces block times, enhances validator communication, and improves sync efficiency, which are integral factors for scaling user and developer experiences on-chain.
“Maxwell HardFork Successfully Activated on BNB Chain Testnet…Developers and validators are encouraged to begin testing the new infrastructure,” BNB Chain shared in a post.
The network named its Maxwell Hard Fork in tribute to James Clerk Maxwell, the physicist who unified electricity and magnetism. Similarly, BNB Chain’s upgrade aims to harmonize two often competing blockchain priorities: speed and stability.
It cuts block time in half from 1.5 seconds to just 0.75 seconds. New technical enhancements accompany this dramatic acceleration to maintain validator and node synchronization. This would ensure that faster blocks do not come at the cost of network health or decentralization.
Among the key changes introduced are adjustments to consensus cadence and network propagation. The epoch length has been extended from 500 to 1,000 blocks, and validators now lead for 16 blocks per turn. This keeps proposer durations stable even as blocks arrive more frequently.
Further, the per-block gas limit has been halved from 70 million to 35 million, keeping throughput steady and preventing network congestion and state bloat.
At the networking layer, new mechanisms allow blocks to propagate among validators within 400 milliseconds. Similarly, improved range sync capabilities help lagging nodes stay up-to-date even under the faster cadence.
Implications for Users and Rival Blockchains
The implications for end-users are profound. With sub-second block times and finality now approaching 1.9 seconds, BNB Chain is moving closer to a Web2-like experience.
Transactions such as swaps, mints, or gameplay actions can instantly be confirmed. This enhanced responsiveness narrows the psychological divide between Web2 and Web3, offering users a fluid and immediate experience.
The upgrade also opens up new design opportunities for developers. Real-time gaming, prediction markets, and high-frequency trading dApps can operate directly on Layer-1 without relying on separate fast chains.
Meanwhile, the BNB Chain is already showing strong momentum. According to data on DefiLlama, it currently leads the decentralized exchange (DEX) sector with over $13 billion in 24-hour trading volume, nearly six times more than Solana.
Data on Chainspect also shows that transaction throughput per second is up 37%, with BNB Chain handling 12 times more transactions than Ethereum.
However, on block time and finality metrics, BNB Chain remains 87.5% and 99.21%, respectively, less than Ethereum.
BNB Chain vs Ethereum on TPS, block time, and finality metrics. Source: Chainspect
Industry observers are optimistic. DeFi influencer Elja pointed out that BNB Chain’s previous Lorentz Hard Fork slashed gas fees tenfold.
With Maxwell promising even faster speeds, better validator coordination, and smarter syncing, Elja called it “even more bullish” for BNB Chain’s future.
“Lorentz Hardfork resulted in 10x gas fees reduction and increased TPS. The upcoming Maxwell Hardfork will be even more bullish for BNBChain,” Elja remarked.
One user echoed the sentiment, saying the upgrade should resolve the high failure rates they previously experienced during wallet sales.
The crypto market is expected to experience high volatility as the crucial US CPI and PPI data are scheduled for this week. If the inflation rates come in higher than expected, it may trigger a sharp downturn in the crypto market, potentially sending Bitcoin’s price to significant lows.
Notably, the timing of these reports is crucial, as they precede the Federal Reserve’s meeting on March 18-19, influencing the central bank’s decision on interest rates. Let’s examine how the upcoming reports will shape the Fed’s decision and the potential fallout for the crypto market.
Crypto Market Braces for Impact: US CPI Report Looms
Significantly, the US CPI and PPI reports are slated for release this week, with the CPI report arriving on March 12 and the PPI report following on March 13. This has sparked anxiety among crypto traders and enthusiasts as these macroeconomic indicators could possibly evoke high market volatility.
According to a Reuters poll, the US CPI for February is expected to have climbed 0.3%. Wall Street expects that the CPI data will come at 2.9%. If the data showcases a surge in the inflation rate, a crypto market downfall could follow. Bryant VanCronkhite, the senior portfolio manager at Allspring Global Investments, stated,
A hot CPI print will likely scare the market. The market still wants the Fed to come to the rescue… Until inflation and inflation expectations come down, the Fed is handcuffed.
How Will CPI & PPI Data Impact Fed Rate Cut?
Interestingly, the Federal Reserve’s meeting comes following the US CPI and PPI data release. These reports could have a significant impact on the central bank’s decision on the interest rate as well as the crypto market.
The Fed is likely to maintain its benchmark interest rate at 4.25%-4.5% during the upcoming meeting, according to CME FedWatchtool Data. But, market expectations suggest further easing is on the horizon, with around 70 basis points of cuts anticipated by December, as indicated by Fed funds futures data from LSEG. If the PPI and CPI reports reveal a hot inflation rate, the Fed may opt to keep interest rates unchanged or even consider a hike.
Our policy stance is now less restrictive than it had been, and the economy remains strong. We do not need to be in a hurry to adjust our policy stance.
Will Bitcoin Price Explode or Correct?
In February, following the US CPI data release, the crypto market experienced a severe selloff. This led to the market’s massive fall of 3.3% to $3.1 trillion. As the CPI data marked a higher-than-expected inflation rate, Bitcoin plummeted to $94,000, down 3%.
Considering this, the crypto market is expected to face another downturn next week. In addition, Bitcoin ETFs marked significant outflows, recording a total of $409 million. 21Shares’ ARKB experienced the largest outflow of $160 million, followed by Fidelity’s FBTC with $154.9 million outflows.
However, analyst Crypto Caesar identifies the bearish sentiment as the last bear trap before entering the bull market.
Source: Crypto Caesar, X
Meanwhile, analyst Ali Martinez revealed that 63.13% of traders on Binance Futures have opened long positions on Bitcoin. This implies that the traders are optimistic about the Bitcoin price’s bullish ascendance in the future.
