A game changer for crypto? Cardano, Ripple & Signuptoken Record Growth
A group working with the Digital Agency of Japan has published a white paper on the possible effects and applications of Web3, blockchain and decentralized technology on the economy and political systems in Japan.
The Japan Web3 whitepaper outlines the need to create regulatory proposals for everything from non-fungible tokens (NFTs) to decentralized autonomous organizations (DAOs) to bypass the usual bureaucratic procedures. The whitepaper specifically calls on the Japanese administration to “show leadership” in the cryptocurrency industry, which the G7 countries intend to discuss at this year’s summit.
Meanwhile, Ripple vs. The SEC issue up the coin’s performance as new discoveries emerge along with Cardano’s ADA. Finally, Signuptoken.com, a De-Fi participant focusing on the Web 3 ecosystem, is completing 4K email signups.
Plot Twist: Ripple Breaks SEC Narrative
The dispute between the US Securities and Exchange Commission (SEC) and Ripple has taken a new turn after financial regulatory specialists said that the prices of Bitcoin and Ethereum influenced XRP 90% of the time.
This is in direct contrast to the SEC narrative that Ripple was directly responsible for the performance of XRP, Ripple’s coin. The SEC, in its motion for summary judgment, had alleged that Ripple had taken several actions to promote the price of XRP. The regulator only wanted to demonstrate that XRP buyers and holders expected to profit from Ripple’s efforts, but failed to demonstrate that the action was successful.
Ripple’s cross-border payment service helps business customers transfer money instantly, 24/7/365, between different countries and currencies. Ripple XRP witnessed a 37.30% increase on the monthly chart and a 48.87% increase on a YTD basis.
Why Are Crypto Whales Hoarding Cardano?
Cardano (ADA) whales are on a shopping spree, collecting 560 million ADA tokens across 100 million and 1 billion ADA addresses in the past two weeks.
More than 51% of ADA investors are long-term holders and have held their investments for more than one year. 7% of people bought their tokens less than a month ago, while 42% bought their assets between one and twelve months ago.
The Cardano network now has more than 4 million addresses in total. 2.2 million of these addresses have non-zero balances.
Cardano witnessed a monthly gain of 23.89% and has surged over 55.38% on its yearly chart, signaling a huge growth horizon in 2023.
Signuptoken.com – The De-Fi token that defies crypto conventions
In just a few weeks, Signuptoken.com gathered close to 4,000 email subscribers. The latest De-Fi entrant plans to launch on UniSwap. when they cross the 1 million subscriber mark.
Signuptoken.com made news with its innovative business plan. And that is probably why their popularity is gradually increasing. Signuptoken.com has completely abandoned the ICO fundraising option, unlike the majority of cryptocurrencies that provide potential investors with a dangerous pre-sale option.
Innovative projects like Signuptoken.com only require an email address from users to notify them when they are active. This gives investors the opportunity to be innovative without the perilous ties that often involve a pre-sale investment.
Should you invest?
The year 2023 began on a bullish note with the rise of Bitcoin and Ethereum. The crypto industry revived from its previous bloodshed, and coins such as Ripple and Cardano saw a significant increase in prices. The industry also saw the emergence of innovative tokens such as Signuptoken.com, which has the power to wake up the De-Fi arena with its unique email-based approach to investment.
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