6 Of The Biggest Crypto Headlines In The Past Week
Here are 6 of the biggest crypto headlines in the past week to closely watch. Find a detailed review of each coin in the coming section.
Ripple - XRP’s explosive growth can be a thing to watch in 2023
VeChain - With multiple real-world utilities in store, VET is the best crypto to buy now
Iota - A promising future as a distributed ledger that fuels the Internet of things
Dogecoin - Invest for monster returns in long-term
Stellar Lumens - One of the top cryptocurrencies with massive upside potential
A Closer Look At The 6 Of The Biggest Crypto Headlines In The Past Week
Cryptocurrencies have again started hogging the limelight after a blood bath in the 2022 market crash. Today, the market is slowly recovering, and the prices of several cryptos are again bouncing back up, making headlines in terms of developments, updates, and partnerships. Therefore, it’s important to choose quality crypto projects with the potential to withstand any market condition and provide profitable returns. Here are 6 of the biggest crypto headlines in the past week, best to watch closely for both seasoned investors and beginners.
Ripple (XRP)
Ripple is one of the top cryptocurrencies that is marking its footprints in the digital currency ecosystem at a rapid pace. The XRP Ledger has a high transaction throughput, is extremely cheap, and has relatively fast transactions. The crypto acts as a mediator for facilitating cross-border transactions. These features are some of the key selling points of Ripple, making it an attractive investment option for investors.
XRP has become one of the biggest crypto headlines in the past week as CEO Brad Garlinghouse revealed that he believes that a resolution will be finalized in the ongoing Ripple vs. SEC lawsuit within the first half of 2023. A Ripple-friendly outcome would push the price of XRP to new levels this year.
The crypto has already established an active business based on its almost-global payment processing network and already has partnerships with global banks such as Banco Santander and Bank of America.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
VeChain (VET)
VeChain is the native coin of the VeChainThor blockchain, whose proposed goal is to help companies create dApps that work efficiently with the Internet of Things (IoT). VET has numerous use cases spread across verticals, even the off-chain markets. For instance, it integrates blockchain-based tracking solutions with the IoTs deployed in supply chain systems in global enterprises.
It integrates blockchain-based tracking solutions with the Internet of Things (IoT) deployed in supply chain systems in global enterprises. Its vision of lowering the barrier and providing businesses with blockchain technology to solve real-world economic problems has attracted the attention of millions across the world.
VeChain became one of the biggest crypto headlines in the past week with its partnership with the World of V platform. The partnership aims to explore a whole new class of products dubbed Phygitals. This innovative crypto project has also declared the launch of “The HiVe,” a sustainability and Web3-focused IRL event. This aims to promote collaboration across the Web. 30 communities and fuel sustainable developments.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Iota (IOTA)
Iota is one of the most popular cryptocurrencies that powers the Internet of things. The crypto sets itself apart by offering a blockchain alternative, ensuring that users are getting direct benefits from the network’s use cases. The project is designed to be a non-profit organization that gives back to its community.
Several IoT companies have slowly started adopting IOTA, understanding its potential as a next-generation technology. The crypto recently made headlines with its partnership with Dell Technologies to bring sustainable energy uses to the digital cities of the future. By leveraging IOTA, Dell aims to deliver cost-effective paths for effective traffic management and enhance citizen safety.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin has always been a cryptocurrency that has made big headlines since its rocket rally in 2021. DOGE has attained price gains through hype from influential personalities and celebrities alike. DOGE price has moved from mere pennies to its all-time high of $0.7376 with public support and the likes of billionaire entrepreneurs like Elon Musk and Mark Cuban, who both accept DOGE as payment for Tesla merchandise and Dallas Mavericks tickets and merchandise.
The entire Dogecoin community is eagerly awaiting for Musk to integrate the crypto as a payment option on Twitter.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar Lumens (XLM)
Stellar is designed to provide the unbanked and underbanked with seamless access to financial systems and process relatively cheap cross-border payments. It aims to unite the world’s financial systems together to work on a unified solo network. Fueling this mission, the network bridges the off-chain financial institutions to the on-chain payment ecosystem.
XLM became one of the biggest crypto headlines in the past week with the launch of the Stellar Asset Sandbox. Users can leverage this to issue, mint, or burn new assets through the testnet without coding knowledge. This also makes asset issuance easy for businesses and individuals, helping users tokenize assets like CBDCs, stablecoins, and securities using Stellar’s custom and compliance tools.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
With bear market conditions cooling off slowly, 2023 is an ideal year for cryptocurrencies altogether. Therefore, investors are currently on the lookout for coins with massive upside potential and popularity. These are 6 of the biggest crypto headlines in the past week to watch closely this year for gaining profitable returns.