Monero Chan

Ripple will introduce secure gold and silver on the XRP ledger. 

In 2024, Ripple will introduce secure gold and silver tokens on the XRP Ledger (XRPL), marking an important step towards the integration of physical assets into the world of cryptocurrencies. 

This initiative is part of a broader effort by Ripple to expand the functionalities of its blockchain network, offering not only fast and efficient digital transactions, but also the ability to tokenize and trade tangible assets such as precious metals.

The introduction of gold and silver on XRPL could revolutionize the way these assets are traded, allowing for near-instant transactions at reduced costs compared to traditional methods. Additionally, these digitized assets could attract a wide range of investors, from those seeking safe havens for capital to those interested in the flexibility and speed offered by the blockchain. 

With this move, Ripple positions itself as a bridge between the traditional financial world and the emerging world of cryptocurrencies.

Kokomo di Gala Games enters Web3

In 2024, Gala Games launched Kokomo, a new Web3 game, after completing a major funding round from angel investors. This project represents a significant expansion in the world of blockchain gaming, combining the immersive experience of traditional gaming with the ownership and decentralization offered by Web3 technology.

Kokomo stands out for its integration of unique digital assets, which players can own, trade, and use in the game, thus increasing engagement and value for the community. The support of angel investors has allowed Gala Games to accelerate the development of the game, bringing new features and improvements that could set new standards in the decentralized gaming sector. 

Kokomo aims to become a point of reference for gaming enthusiasts seeking new experiences in the growing Web3 ecosystem.

Ethereum (ETH) 5x ROI is good, but new 100x crypto tokens exist
Ethereum (ETH) rocketed from $881 in June 2022 to a high of $4,093 in March 2024, pulling a nearly 5x return. Sadly, ETH has been posting unspectacular price action, bleeding red in the past two months.

Worse still, the much-anticipated Ethereum ETF passed like a damp squib. As of mid-August, ETH was down nearly 16% on the monthly, with a smidgen yearly ROI of about 47%.

While ETH remains a stable portfolio anchor, it could be on track to close August in the red. Ethereum whales are reshuffling their trading cards to reinvest in new 100x crypto presales for better yields.

Monero (XMR) holders cope with negative ROI
Monero (XMR) delivered astronomical profits in two bullish cycles. But after dealing the best hand to investors in 2018 and 2021, XMR started cratering.

Monero’s (XMR) woes have been aggravated by regulators’ scrutiny of privacy-focused crypto tokens coupled with a delisting spree from major crypto exchanges. Today, XMR hovers in the $150 zone with a negative yearly return of about 6%.

It seems like Monero’s best days are behind it, prompting long-term bagholders to flock to new 100x crypto gems like Rollblock to pare their long-running losses.

Rollblock (RBLK): the 100x crypto gem drawing ETH and XMR holders
This AI-driven GambleFi protocol holds the reigns in the iGaming space, setting new gold standards with irresistible revenue share incentives. Unlike traditional gambling platforms, Rollblock has its native token, RBLK, giving token holders a rare opportunity to tap into the half-a-trillion gambling empire.

A portion of the platform’s weekly gaming revenue is paid out as a weekly dividend to token holders. Further, a lucrative staking program rewards investors with up to 30% APY for providing liquidity in the Rollblock network. That encourages long-term holding, trumping selling pressure as DeFi degens lock their holding to mop up these generous rewards.

But it’s the tokenomic structure and market potential that make RBLK easily pass for a 100x crypto gem. RBLK is capped at a billion and comes with a forward-thinking token burn schedule to steadily replenish the circulating token supply.

Such a killer deflationary design at the center of the $540 billion gambling empire poises RBLK to easily and quickly rise into a multi-billion dollar crypto asset with a meteoric price surge to the stratosphere.

Analysts predict a potential ROI north of 880% in presale and 100x on launch, making RBLK the best 100x crypto in the market. Early birds have already netted an impressive 2x yield as the Rollblock crypto presale explodes past the $2.1 million mark in stage 5.

Binance delists new tokens

In addition to the conversion, Binance also disclosed plans to delist six additional tokens, including Loom Network Loom Network (NEW)
LOOM
-2.78%
Loom Network (NEW) and VGX Token 
, starting Aug. 26. The decision was attributed to factors such as project team commitment, development quality, trading volume, network stability, and regulatory compliance. Amid the news, LOOM dropped by over 12%, while VGX saw a more severe decline, losing more than 25% of its value.

This move marks another step in Binance’s evolving relationship with USDC, following a decision two years ago to concentrate liquidity by removing a basket of stablecoins, including USDC, from its trading pairs. However, in response to regulatory developments like the EU’s Markets in Crypto-Assets (also known as MiCA) framework, Binance reintroduced USDC trading pairs and even converted the assets in its billion-dollar Secure Asset Fund for Users into USDC.

The marketplace demanded buyers and vendors use its own crypto services so it could skim 5% of every purchase and offer an escrow service, the Department of Justice (DOJ) alleged.

The DOJ noted that the marketplace had closed in March this year, coinciding with a previously reported exit scam that allegedly stole millions of dollars worth of customer’s BTC and XMR.

Lin was charged with engaging in a criminal enterprise, narcotics conspiracy, conspiracy to sell misbranded medication and money laundering.

If convicted, Lin faces a mandatory life sentence on the criminal enterprise charge. The narcotics conspiracy charge carries a maximum life sentence.

The Justice Department has issued a forfeiture for crypto held in Lin’s Binance and Kraken accounts.

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The FBI found Lin and alleged his ties to the dark web site partly by tracing Incognito Market crypto transfers to an unnamed centralized crypto exchange account in Lin’s name.

In a deposition, FBI task force officer Mark Rubens said a crypto wallet controlled by Lin received funds from Incognito Market’s wallet, which was then sent to an exchange account in Lin’s name.

Rubens outlined at least four transfers the FBI traced allegedly showing Lin’s crypto wallet sending Incognito Market-derived BTC to a “swapping service” to exchange it for XMR — which was then deposited into a crypto exchange account the FBI claimed is Lin’s.

The exchange provided the FBI with Lin’s Taiwanese driver’s license used to open the account along with an email address and phone number, Reubens wrote.

The FBI claimed it tied the email and phone number to a Namecheap account, which used funds from Lin’s alleged crypto wallet and account to buy a domain for a site that promoted Incognito Market.

The deposition alleged the deposits to Lin’s crypto exchange account grew with Incognito Market, from around $63,000 in 2021 to nearly $4.2 million over the course of 2023 and a second unnamed exchange account saw $4.5 million deposited between July and November last year.

>>10
Pero Pero

Monero price analysis: XMR falls to $150 as bulls fail to maintain $165 heights

TL;DR Breakdown

Monero price analysis shows a fall to $150 as bearish pressure rises
The XMR coin has fallen by over 2% at the time of writing.
Monero prices have sought support and resistance at $150 and $160, respectively.
The Monero price analysis for today, August 3, shows that the price action has observed high volatility as XMR crashed to the $150 mark. The price action turned bearish after a rejection at the $165.00 level.

The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include TON and BNB, recording a 6.85 and a 5.07 percent decline, respectively.

Monero price analysis 1-day chart: XMR returns to $150 as bearish pressure rises

The 24-hour XMR/USD price chart indicates a horizontal trend in the market as prices move toward the $150.00 level. However, the lack of strong momentum on either side may suggest that the consolidation may continue over the next few days.

Monero price analysis shows XMR is in a bullish rally from early July. Despite the flash crash a few days ago, the bulls were quick to buy the dip to recover the asset’s price back above the $160.00 mark. The bears have crushed the short-term supports held by the bulls and as the price enters the $150 level, the $160 provides a secure foothold for short-term movements.

As such, trades can expect the bearish rally to continue towards the $140 mark, albeit after a brief consolidation at the $150 level. However, a quick correction may see XMR retrace to $155.00, but movements higher than that are unlikely, given the technical indicators and the market sentiment.

Is Monero a good investment?

Monero is an attractive investment because it emphasizes privacy and security, utilizing advanced cryptographic techniques to ensure transaction confidentiality. Its growing adoption across various use cases and a decentralized development model enhance its long-term potential. With a limited supply and increasing investor interest, Monero offers a unique opportunity for those seeking financial autonomy and privacy to invest in cryptocurrency. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.

Why is XMR down?

Monero failed to overcome the $165.00 mark after a long consolidation near the level. The recent rejection enabled the bears to crush the support levels and cause a crash to the $150 level.

Will XMR recover to its all time high?

Monero is expected to recover toward its all-time high of $518 by mid-2026 as the privacy chain continues to reduce its tech debt and progresses toward greater utility and privacy. However, the platform might have to overcome regulatory scrutiny and challenges before it can see mass adoption.

original link
https://www.cryptopolitan.com/monero-price-prediction/

>>2 (OP) 
STFU weeaboo