Venture Capitalist Highlights Promising Presale, Predicts Downtrend for Ripple (XRP) and Arbitrum
This Venture Capitalist Crowns This Next-Gen Presale as a Game-Changer While Predicting Bears For Ripple (XRP) and Arbitrum
A prominent venture capitalist has recently shared bold predictions about the crypto market, labeling a new next-gen presale as a potential game-changer. At the same time, the VC anticipates bearish trends ahead for well-known cryptocurrencies like Ripple (XRP) and Arbitrum (ARB).
With a shifting market landscape and the rapid rise of new players, these predictions could mean big changes for investors. In this article, we will discuss the reasons behind these forecasts and what they could mean for the future of these digital assets.
Ripple to introduce smart contracts to XRP ledger ecosystemCross-border payments company Ripple (XRP) announced that it will add smart contracts to the XRP Ledger (XRPL) developer ecosystem.
Ripple (XRP) announced that the move would open various use cases for users, builders and entrepreneurs. It aims to attract developers to use XRPL’s expanded capabilities. According to Ripple (XRP), the smart contracts feature is set to go live “in the coming months” in the XRPL Ethereum Virtual Machine (EVM) sidechain.
In addition, Ripple (XRP) said that smart contracts would also be available on the XRPL mainnet. However, the cross-border solutions firm said it’s still in its research phase and did not provide a definite time frame for deployment.
Smart contracts are self-executing contracts stored on the blockchain. They automatically progress when specific conditions are met. Smart contracts are programs that handle transactions and agreements without the need for intermediaries.
Smart contracts have various use cases and potential applications, ranging from decentralized finance (DeFi) to supply chains. It’s being used to develop decentralized applications (DApps) on popular blockchain platforms like Ethereum, BNB Chain, Avalanche and Solana.
Ripple (XRP) said they are “eager” to collaborate with DeFi developers and want community members to provide input on design specifics. The organization invited programmers familiar with EVM languages to explore possibilities on its sidechain.
Arbitrum announces new security council election amid market uncertaintyThe Arbitrum (ARB) Foundation’s official X account has issued an important update regarding the blockchain’s Decentralized Autonomous Organization (DAO) governance system. Notably, the update focuses on an upcoming Arbitrum (ARB) Security Council election, crucial to protecting community members.
This development, coinciding with a broader market valuation decline, has raised concerns about its potential impact on Arbitrum (ARB) ’s price in the future.
The Foundation thinks this is the right time for the next Security Council election. It noted this since the last one was over six months ago. The Security Council comprises 12 individuals elected by members of the Arbitrum (ARB) DAO through a voting process. Their primary function is to make urgent changes to the network in emergency and time-sensitive situations.
DTX exchange grows rapidly with 13,000 new members and $2.2M Presale successWith the growing popularity among traders and investors from different communities like Ripple (XRP) and Arbitrum (ARB), DTX Exchange just welcomed 13,000 new members to its growing community. The platform follows a revenue-sharing model to reward its loyal community members with DTX Tokens.
As DTX Exchange prepares for its launch in the next three days, it is selling out its presale faster than ever. The ongoing presale round three has already raised $2.2 million in mind-blowing time, with each token going for $0.06. Joining DTX Exchange’s presale now is the best time to land high-ticket profitable opportunities to secure an asset in the crypto market.
The platform also recently rolled out its new exchange UI, which has garnered high-volume traffic and ranked DTX Exchange among the big-league players. This DeFi network uses Smart Contracts, which enable traders to execute secure and automated transactions, ensuring pinpoint accuracy in the trade execution by users.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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