Crypto analysts and investors alike have recently shown intrigue in Sparklo, an innovative project in its presale run that could evolve into a top-tier platform that countless individuals adopt. Today, we will compare this rising presale star to already-established tokens such as XRP (XRP) and Cardano (ADA). Let’s begin!
XRP (XRP) Not Included In Liquidity Hub
The newly released Liquidity Hub from Ripple Labs does not list XRP (XRP) as an approved asset. In a recent blog post, Ripple stated that XRP (XRP) would be evaluated once it receives regulatory clarity in the US.
Given its current legal dispute with the SEC, Ripple’s move to exclude XRP (XRP) from the Liquidity Hub has sparked speculation about the token’s future. XRP (XRP) has a value of $0.5162 with a market cap of $26B, up 0.62% in the past 24 hours.
On the other hand, the technical analysis for XRP (XRP) shows a neutral sentiment, with plenty of its moving averages showing sell signals. This analysis could cause the selling pressure to mount, pushing the token value down.
First Wrapped BTC Minted On Cardano (ADA)
Recently, anetaBTC revealed a new demo showcasing the process of minting wrapped BTC (cBTC) on Cardano (ADA). This demo is a pivotal moment for the Cardano (ADA) network, as this development could help unlock liquidity from the vast Bitcoin (BTC) market.
The Cardano (ADA) founder, Charles Hoskinson, even commented, expressing his enthusiasm for the move. This news caused a slight jump for the Cardano (ADA) token as it now trades at $0.4421 with a market cap of $15B, a rise of 0.27% overnight.
However, analysts believe that even if Cardano
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Author: Crypto Daily
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