XRP, the inherent cryptocurrency of the RippleNet payment network, operates on its Blockchain to facilitate swift and cost-effective financial transfers, specifically targeting the transformation of cross-border transactions. The procedure entails converting the sender’s currency into XRP at the sender’s location, followed by conversion into the receiver’s currency in a different country.
Using RippleNet service and XRP cryptocurrency has the potential (though not guaranteed) to provide a seamless experience for both endpoint users. Its value is increasing, but investors are still focusing on the newest cryptocurrency, Green Bitcoin, which opens many earning opportunities. Check out why XRP millionaires shift their focus to it, believing that it could bring 50x gains!
Green Bitcoin utility unveiled
Energy efficiency has become an important topic lately, especially because Bitcoin mining activity has recently intensified due to the halving event approaching. According to the Digiconomist Bitcoin Energy Consumption Index, Bitcoin mining consumes energy equivalent to Argentina’s annual usage, amounting to approximately 127 terawatt-hours (TWh) annually.
This surpasses the energy consumption of several countries, including Norway. In the United States, cryptocurrency operations are anticipated to generate between 25 and 50 million tons of CO2 annually, a figure comparable to the carbon emissions resulting from the use of diesel fuel by US railroads. With increased control over energy consumption, Green Bitcoin emerges as the perfect opportunity to invest in a cryptocurrency with enormous growth potential while being energy-effective.
Also, Green Bitcoin incorporates one of the most favorite activities of crypto enthusiasts—price prediction. Bitcoin’s price reached $72,700, marking a new all-time high record, and many investors are speculating how high it could go. Green Bitcoin investors can profit from such predictions.
Those who make accurate predictions receive rewards, while those who miss the mark get another chance the following day. Rewards are claimable after each 24-hour cycle, turning the price prediction process into an engaging way to convert market insights into daily incentives. This not only encourages community participation but also enhances the overall stability of the ecosystem.
Moreover, a staking rewards program offers additional benefits to $GBTC holders who stake their tokens for extended periods. Whether staked for a day, a week, a month, or six months, holders stand a chance to win valuable prizes. The longer the staking duration, the greater the rewards, further encouraging long-term engagement and commitment, so make sure you maximize this opportunity!
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The comprehensive overview of $GBTC tokenomics and presale
The total number of $GBTC that will be in circulation is 21 million, enhancing the project’s appeal with a deliberate alignment to Bitcoin’s supply structure. Exciting features provide investors with novel opportunities. Half of the tokens will be allocated for presale, 10% will be directed towards community rewards, and 20% will be reserved for staking rewards. The remaining 20% will be split between marketing and liquidity.
Investors who participate in token staking early on can enjoy a substantial APY (annual percentage yield) of 134%, which is a remarkable figure. With over four million tokens already staked, investors clearly acknowledge the project’s considerable potential. The presale is progressing rapidly, having raised over $3.5 million thus far. With such enormous success already achieved, it is clear why investors choose to invest in it rather than XRP, so make sure you secure your portion before its price explodes!
What is 2024 going to be like for XRP?
Ripple Labs emerged onto the scene in 2012, offering financial institutions a promising solution for cost-effective and rapid clearance of cross-border money transfers. This vision materialized through the creation of the RippleNet network, facilitating real-time settlement and clearance of transactions using a cryptocurrency named XRP.
However, over the years, XRP expanded beyond its initially intended use. In 2013, the company’s founders utilized XRP to raise funds. Consequently, in 2020, the United States Securities and Exchange Commission (SEC) initiated a lawsuit against Ripple Labs and its current and former CEOs. This lawsuit may be one of the main reasons why XRP couldn’t reach new heights and why many investors still shy away from investing in it.
Looking at its current value, XRP/USD experiences an upsurge, surpassing both the 9-day and 21-day moving averages, with the coin aiming to breach the channel’s upper boundary. Striving to establish a stronger position above the $0.750 resistance level, the cryptocurrency’s trajectory remains optimistic if buyers can sustain it above the moving averages. In today’s early trading session, the Ripple price briefly touched $0.748 before retracing to its current trading level of $0.7008, where it currently sits at the time of writing. Its value increased by 35.71% during the last 30 days, but it is still far from its all-time high value of $3.84, which it hit on January 4th, 2018.
Looking ahead to the possible prediction by the end of the year, XRP stands to achieve increased market adoption, which may impact its value. If the ongoing growth persists, the anticipated average price of an XRP could hover around $1.84 in 2024. According to some more optimistic projections, the XRP coin could reach a maximum price level of $2.28 by the end of 2024. However, since the verdict hasn’t been reached, turning to Green Bitcoin can be the best move now!
Conclusion
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The Ripple lawsuit has long been the main topic among crypto enthusiasts. Now that there is still no definite verdict, even though its price is increasing, investors seem attracted to other cryptos. Green Bitcoin offers alluring features and already shows enormous growth potential, so investing in it now looks appealing. With Bitcoin’s price increasing, predicting its price can bring rewards through the Green Bitcoin project, so make the most of it!
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
