XRP Memecoins in Spotlight | Key Points | Dec. 03, 2024
GM. Welcome back to BitPinas Key Points: crypto news in concise formats for easy reading. In today’s daily recap: More XRP news, this time, in the meme scene.
Plus the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $95,542.54, down 0.9% over the last 24 hours.
- Ethereum (ETH): $3,629.52, down 1.5% over the last 24 hours.
- Solana (SOL): $226.54, down 1.0% vs the previous day.
Trending Coins Update
- XRP: $2.60, up 6.6% vs the previous day.
- Ondo: $1.62, up 33.0% over the last 24 hours.
- Hedera: $0.0.3507, up 38.9% vs the previous day.
For the daily price update, check out our post on Facebook.
XRP Memecoins in Spotlight
XRP meme coins are surging as the Ripple-linked cryptocurrency hits a seven-year high, soaring over 82% this week and 318% this year.
The details:
- Meme coin ARMY, inspired by the XRP Army of devoted supporters, led the charge.
- Its market cap skyrocketed from under $1 million on Nov. 26 to over $90 million Sunday before settling at $47 million today, Decrypt has reported.
- One ARMY holder turned a $478 investment into $100,000 in realized profits, with $400,000 in unrealized gains, per DEX Screener.
More numbers:
- Other tokens like BEAR and MAG have joined ARMY in XRPL’s top 10 meme coins, each with market caps near $30 million.
- Despite the hype, XRP meme coin trading volume is modest. ARMY saw $10M in trades over the past 24 hours—far behind the 34 tokens on Solana that hit similar volumes.
What’s next: As regulatory clarity for XRP becomes clearer, so does expectations for the future of Ripple, XRP, and all tokens associated with it.
Philippine Crypto News 🇵🇭
- Coins.ph Country Manager Jen Bilango will attend Taipei Blockchain Week.
- MetaGaming Guild’s Near validator is now live.
- Coins. ph’s X account was compromised to promote a fake token on Solana.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- XRP surged 298% in November, overtaking BNB to become the fifth-largest cryptocurrency by market cap.
- DMM Bitcoin is liquidating after losing $320 million in a May hack, with customer assets set to be transferred to SBI VC Trade.
- Printemps is the first European luxury retailer to accept cryptocurrency payments, partnering with Lyzi and Binance Pay.
Educational Corner 🎓
- Wanting to start a project to kick start the next year? Check out the upcoming Polkadot Bootcamp & Hackathon in the Philippines.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- Japan‘s financial regulator issued warning letters to five unregistered crypto exchanges, including Bitcastle, Bitget, Bybit, Kucoin, and MEXC Global.
- South Korea is set to postpone its 20% crypto tax for the third time.
- Dubai Police partnered with Crystal Intelligence and Bitoasis to combat crypto crime.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- Bitget Wallet partnered with tetadex to integrate decentralized futures trading within its app.
- Curve Finance launched Curve-Lite, a decentralized exchange using Taiko’s L2 scaling solution, offering lower costs and better scalability for DeFi users.
- Jupiter DEX on Solana will revise its airdrop plan after a proposal to distribute $1.6 billion in JUP tokens failed to secure the required 70% supermajority.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Echelon Prime launched a scalable Web3 gaming ecosystem with PRIME token integration.
- Aether Games launched the Early Access of Cards of Eternity: The Wheel of Time, a digital TCG inspired by Robert Jordan’s series.
- Bybit Web3 celebrates 2.5 million SpaceS members and joins Season 7 of The Open League in the TON ecosystem.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space in the Philippines!
- IC Hangout Mixer Q42024: December 6, 2024
- (PDAX) Happy HODLidays: A Year-End Meetup: December 7, 2024
- Bicol Blockchain Conference: December 7, 2024
- Rivalz ai.hack4PH: December 16, 2024
Stay Connected:
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We’d love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: XRP Memecoins in Spotlight | Key Points | Dec. 03, 2024
