Ripple CTO Details How RLUSD Might Trade At ,200 On Debut

Ripple CTO Details How RLUSD Might Trade At $1,200 On Debut

Source: Bitcoinist Ripple CTO David “JoelKatz” Schwartz has outlined how RLUSD—the upcoming stablecoin on the XRP Ledger—could initially trade at highly inflated prices, possibly even $1,200, despite its intended $1 peg. Speaking via X, he highlighted early supply bottlenecks, speculative fervor, and the fundamental market mechanics of stablecoins as factors likely to drive any short-lived…

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Solana Investors Double Down: New Long-Term Holders Signal Confidence In 2024 Rally Continuation

Solana Investors Double Down: New Long-Term Holders Signal Confidence In 2024 Rally Continuation

Source: Bitcoinist Solana’s investor base is demonstrating unwavering confidence as the network sees a shift in the profile of its long-term holders. According to on-chain data from Glassnode, many more Solana addresses are moving into the long-term holder base, which showcases strong conviction from investors who entered the market during the recent 2024 rally. Solana…

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