👉👉👉 #Q3 2024 Insights: Ripple Analyzes $XRP Price, Volatility, and #MarketActivity

The latest report, drawing insights from #Bloomberg , CCData, and Refinitiv Eikon, offers a comprehensive look at XRP’s market trends during a quarter marked by significant price fluctuations and a rise in Bitcoin dominance.

XRP Trading Volume and Market Activity

- Ripple reports XRP’s average daily volume (ADV) on leading exchanges between $600 million and $700 million, highlighting rising market interest despite price pressures. XRP’s ADV for 7 days stands at $812 million, with 30-day, 90-day, and 365-day figures at $511 million, $675 million, and $687 million, respectively. Though XRP’s trading volume trails behind Bitcoin & Ethereum, it exceeds that of Binance Coin ($BNB ), Cardano ($ADA ), and Polkadot (DOT), suggesting potential for further market expansion.

- A key highlight this quarter was a 27% increase in XRP’s price against Bitcoin, even as Bitcoin’s dominance climbed by 3% to a new peak.

XRP Price Volatility & Stabilization

- XRP experienced significant price volatility in early Q3, with realized volatility exceeding 110% in mid-August due to rapid price swings between $0.40 and $0.65. This attracted high trading volumes, but by the latter part of Q3, volatility eased to around 60% as XRP’s price range stabilized, marking a transition from high fluctuation to consolidation.

Exchange Volume Trends & Market Share

- According to Ripple’s findings, XRP’s spot exchange volume remained strong, with Binance, Bybit, and Upbit leading. Early Q3 daily volumes averaged $750 million, later stabilizing before surging again in late September. Binance held the largest share of XRP’s trading volume, though its market share declined by 3%, while Crypto.com’s share rose by 6%. XRP trading continues to be heavily USDT-paired, reflecting stablecoin dominance, with fiat-paired trades increasing from 10% in Q2 to 14% in Q3.

These trends illustrate XRP’s evolving market dynamics amid broader shifts in the crypto landscape.

#BinanceSquareTalks

Bitcoin settled more than 40 million transactions in a single quarter for the first time since its inception in Q3 of 2023

#bitcoin #crypto2023 #BTC #Q3

😀😀😀#bitcoinminer Marathon Digital Beats #Q3 Earnings Estimates, but Misses on Revenue 😀😀😀

- Marathon Digital, one of the largest Bitcoin miners in North America, beat earnings estimates for the third quarter of 2023.

- However, the company missed revenue estimates due to lower Bitcoin prices.

- Marathon Digital is still optimistic about the future of Bitcoin and plans to continue expanding its mining operations.

#CryptoNews🔒📰🚫 $BTC #BTC🔥🔥 #BinanceSquareTalks

Venom partners up with Reform DAO

We've got some more great news for you guys! We are excited to announce that Venom has officially partnered with Reform DAO, a prominent market making service.

💹 Market makers play a key role in ensuring that a market is liquid, trading books are efficient and traders are given fair and attractive buying and selling opportunities. Reform DAO has a unique and proven approach, leveraging AI to create the most attractive markets and align incentives across the board.

Reform DAO Achievements:
✔️ Top 10 Market Maker on Cryptocom.
✔️ Top 20 Market Maker on Bybit.
✔️ Top 50 Market Maker on Binance.

Reform DAO joining the Venom ecosystem will transform trading on the network and make it even more advantageous for our users. Keep your eyes peeled for upcoming opportunities! 🤝
#Q3
#ecosystem
#TonOnbinance
#BinanceLaunchpoolTON ,$BTC _$DOT _$ETH

🔥🔥🔥 #metalcore launches Barony guild system to enhance #PvP experience

Blockchain-based game MetalCore has introduced a new guild program called the Barony system, as announced by Studio 369, the developers of the game. This system allows players to form self-governed factions, known as Baronies, which enhance their gameplay through accelerated progression, resource sharing, and recruitment opportunities. Members of these Baronies can collaborate to dominate large-scale PvP faction wars.

Each Barony includes a comprehensive hierarchy of roles, from the supreme Baron leader to Ministers, Knights, Initiates, and more. Higher-tier "Premium Baronies" receive additional privileges, such as exclusive in-game events.

Several prominent gaming guilds, including Yield Guild Games, Merit Circle, W3GG, Perion, Ancient8 Gaming, and Avocado #DAO , are already establishing Baronies. These guilds, which collectively have over 100 million #gamers , are poised to take advantage of early unlocking benefits at launch.

Studio 369 plans to roll out the Barony system in #Q3 2024, ahead of MetalCore’s full release on PC and the Epic Games Store.

Source - cryptobriefing.com

Whenever I ask people,

Why they want to make a shitload of money,

I always get the same answer,

"I want financial freedom so I can take trips and not have to work all week"

Which is great,

BUT,

What people don't understand is that in order to get to that position you need to PAY UPFRONT,

With countless hours of hard work,
And even when you achieve that goal,
You will still be WORKING MORE THAN EVER.

I want you to be honest with me now,
Are you confident that you're putting in enough work?

Reflect deeply on what you've achieved over the past months and answer yourself honestly,

"Am I working hard enough?"

If the answer is no, you need to step up...

And if the answer is Yes, you're lying to yourself.

Do you really WANT it?

Because I don't think you do.

Q3 Begins tomorrow.

Lock TF in.

#Q3 #BitEagleNews #BullRun

💥💥💥 $SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October?

SUI Sees 15% Surge Amid #Q3 Rally, but Unlock Event Looms as Potential Threat

- Sui Network (SUI) has surged 15% in the past week, with its price action fueling investor sentiment. However, some analysts believe that the upcoming unlock event could hinder its rally towards a new all-time high (ATH) next quarter.

Q3 Performance: A Remarkable Surge

- In the past three months, SUI's price has skyrocketed 114%, moving from $0.80 to the current price range of $1.88. This performance makes it one of the best-performing cryptocurrencies in Q3, despite most tokens experiencing losses during market downturns.

Market Analysts Weigh In

- #CryptoAnalyst Crypto Bullet notes that SUI's monthly candle is "absolutely phenomenal" as it has been retesting levels unseen since April and is sitting 20% below its all-time high of $2.17. The analyst previously predicted that SUI would test and break the $2 resistance level in Q4, reaching a new ATH around the $5 mark.

Unlock Event: A Potential Threat

- Analysts warn that SUI's October unlock event, releasing 64.19 million tokens worth $112 million and increasing supply by 2.4%, could hinder its rally. While some view it positively, others see it as a potential risk to SUI's performance.

Network Achievements Fuel Sentiment

- Despite concerns over the upcoming unlock event, Sui Network's recent achievements have boosted investor sentiment. Sui led all chains with $6.8 million in daily net flows and hit the $1 billion TVL milestone on Sunday.

Analyst Bluntz Sees a Bullish Trend

- Crypto analyst #Bluntz recently called SUI "a certified beast" due to its recovery from dips. According to his chart, SUI's wave three will target the $2 resistance level before retracing to the $1.65-$1.70 support zone in wave four, setting the wave five's target around $2.6.

- As of this writing, SUI is trading at $1.88 and has outperformed the global crypto market in the past week, according to CoinGecko data.

Source - newsbtc.com

#CryptoTrending

💥💥💥 #bitcoin☀️ , Ethereum, And Solana On Traders’ Radar: What’s Going On?

Cryptocurrency Market Update: Bitcoin, Ethereum, and Solana Rebound

- After a lackluster week where Bitcoin, Ethereum, and Solana prices either declined or remained stagnant, all three cryptocurrencies experienced a strong rebound by the end of the week. Ethereum climbed from around $3,000, while Bitcoin approached $70,000 and Solana neared $200.

Rising Interest and Market Engagement

- Data from Santiment shows a resurgence in interest for Bitcoin, Ethereum, and Solana, with a notable increase in trading volume towards the end of the week. This suggests growing market engagement as buyers capitalized on the rebound.

Impact on Broader Market

- The performance of these cryptocurrencies can significantly impact the broader market. A rally in Ethereum, for example, could benefit layer-2 and layer-3 ecosystems, including meme coins and decentralized finance (DeFi) activities.

Factors Driving Interest

1. Bitcoin: Changing regulatory perspectives and increasing political support, notably from former President Donald Trump, who pledged to make America a crypto hub, have fueled interest.

2. Ethereum: Attention increased with the approval of spot ETFs by the SEC. Despite modest inflows, BlackRock’s spot #EthereumETF saw over $87 million in inflows on July 26.

3. Solana: Surpassed $BNB to become the third most valuable cryptocurrency, with a market cap of $88.5 billion as of July 29, compared to BNB’s $86.5 billion. Solana has risen 56% from its July lows and could reach new highs for #Q3 2024 if it breaks the $200 mark.

In summary, the rebound in Bitcoin, Ethereum, and Solana highlights a renewed market interest, influenced by regulatory changes, political support, and new financial products.

Source - newsbtc.com

#BinanceSquareTrends #CryptoMarketSentiment😬📉📈