Showing posts with label BitcoinCash. Show all posts
Showing posts with label BitcoinCash. Show all posts

Ripple is preparing to offer a bitcoin exchange for businesses.

Ripple has announced plans to introduce a product called 'Liquidity Hub,' which would allow corporate clients to access cryptocurrencies through worldwide exchanges, market makers, and over-the-counter (OTC) platforms.

Liquidity Hub will initially handle Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Cash, and XRP, according to a blog post published on November 9 by Ripple. In addition to ambitions to introduce new digital currencies, Ripple Liquidity Hub wants to incorporate staking and yield generation features.

The Liquidity Hub, according to Ripple, intends to speed the migration to cryptocurrencies by providing a platform that allows for the efficient acquisition of digital currencies. The Ripple Liquidity Hub will also use smart order routing to discover the best pricing for digital assets. The technique is now being used by Ripple's On-Demand Liquidity platform. The Liquidity Hub, according to Ripple, would alleviate some of the difficulties that corporate customers have in obtaining cryptocurrency. It uses a simplified API to address issues like lengthy and resource-intensive integrations.

"We understand the need of simple and effective liquidity management. Cryptocurrencies and financial institutions are part of our DNA. As they prepare for a crypto-first world, it's only natural that our clients would want access to the same trusted one-stop shop for purchasing, trading, and keeping crypto assets that has fueled our own extensive work with financial institutions," said Asheesh Birla, Ripple's general manager.

As interest in cryptocurrency continues to grow, Ripple is releasing a new product. Institutional investors, in particular, are driving the current digital asset surge.

Furthermore, the launch of the new product coincides with Ripple's ongoing legal battle with the Securities and Exchange Commission. Ripple is being sued by the Securities and Exchange Commission (SEC) for allegedly raising over $1.3 billion through an unregistered securities sale. The complaint is being fought by Ripple, who claims that XRP should not be deemed a security.


This is what Bitcoin Cash and Ethereum Classic require in order to remain competitive in the market.

On the basis of increased market mood, nearly every cryptocurrency asset in the top league has managed to achieve some nice rises over the last month. Cardano (ADA), Solana (SOL), Terra (LUNA), and Avalanche were among the alts that rallied the most. Others, like as Bitcoin Cash and Ethereum Classic, experienced significant gains but were not backed by organic growth or sentiment. 

In fact, the rallies in BCH and ETC resembled those in BTC. Overall, this wasn't a horrible thing. However, what the coins required to give separately during this rally appeared to be missing from the investor's standpoint. But, in this competitive market, would these hardforks of the top two coins be able to survive, or will they lose their way once more?

ROIs are decreasing.

Bitcoin Cash and Ethereum Classic provided poorer returns on investment across shorter time frames when compared to some of the leading altcoins. BCH had a -12 percent weekly ROI over USDT at the time of writing, with a yearly ROI of +130 percent. The monthly return on investment for ETC was +22.68 percent, while the weekly return on investment was -13 percent. At the time of publication, Ethereum Classic, on the other hand, had a high annual return of +847 percent.

Ethereum's annual return on investment was 722.76 percent, Cardano's was 2448.01 percent, and XRP and DOT also had yearly returns of over 300 percent. When compared to the rest of the market, Ethereum Classic had a great return on investment, while Bitcoin Cash's yearly return of only 130 percent was concerning.

Low excitement and energy

When opposed to the April-May price surge, most coins witnessed extremely modest trade volumes. However, the trade volumes for Ethereum Classic and Bitcoin Cash were nearly identical to the previous few months. This meant that, even as prices rose, both alts had very little traction, similar to what happened during the price drops in June and July.

Trading volume is more important during a recovery because it represents the level of activity associated with a particular asset. One of the reasons why ETC and BCH's recoveries were stalled compared to other top assets could be their lower volume on average. This was due to the fact that both alts grew in lockstep with the larger market, with BCH and ETC following suit.

In addition, Bitcoin Cash's MVRV (30day) hit a new low for the month. It took exactly a month to return to the zero-line after being in the positive zone since July 26. This means that, in comparison to the rest of the month, the asset's market value was lowest on August 26.

So, what's going to happen to them now?

In the past, Ethereum Classic has seen some interesting ecosystem-related changes. Bitcoin Cash, however, lacked the same feature. As a result, while the market still has faith in ETC as a result of its enhancements, BCH appears to be losing its way.

While it's understandable why the two altcoins have mostly mirrored the market, they remain relevant. The truth is that both altcoins have been around for a long time and are therefore less dangerous than many other, fresher altcoins.

Holders and purchasers, on the other hand, are needed to keep BCH and ETC afloat in the market. Their valuations have fallen as a result of a drop in buying pressure since August 15. If this does not happen, the price of the assets may fall below lower support levels.


Hot Topic

Elon Musk was told by Jack Dorsey that Twitter should include a "Like Signal" protocol.

Elon Musk wonders over possible variations of the social network in a string of text messages. Former CEO and co-founder of the birdsite Jac...

counter, at the bottom of the page, in a table, div or under a menu.