The XRP price has increased by almost 20% in the last 24%. A possible ruling in the lawsuit against the SEC and the lawsuit against the crypto exchange Binance could have been the trigger. Ripple is battling its own battle with the SEC, and it seems that a Ripple win is soon imminent. Can XRP price reach 1$ in the coming weeks?
How did XRP Price Perform recently?
The XRP price has seen a massive increase in the last few days. After a rather meager performance of the last 3 to 4 weeks, the last few days have been extremely successful for the Ripple payment network token. The XRP price rose from $0.44 to $0.58. A few days earlier, the rate was just $0.38.
The increase, especially in the last 2 days, means that the XRP coin has gained almost 30% in value in the last 7 days. In the last 24 hours alone, the XRP coin has increased in value by almost 20%.
Will XRP Price continue to go up?
With the increases of the last 2 days, the trend of the XRP coin to see massive gains is increasing. Until 2 weeks ago, the XRP was still the problem child among the top 10 cryptocurrencies. After the US banking crisis, Bitcoin was able to post massive gains while XRP moved almost sideways.
On the one hand, there are hopes that the verdict in the legal dispute with the SEC could come in as little as a week or so. This increases the enthusiasm of many investors who hope that Ripple will be acquitted. This made the XRP price rise.
The strong increases in the XRP price in the last few days give investors hope for a long-term trend. The XRP price could soon rise again to a value of 1 dollar.
It seems that the XRP coin is severely undervalued at the moment. This was due to continued pessimism and uncertainty due to the litigation. If an end is imminent, the price could continue to rise massively in the coming weeks. A guilty verdict threatens an implosion of the XRP course. However, the XRP price should also explode in the event of an acquittal.
Coinbase Cloud provides web3 APIs, services, and infrastructure to power the next generation of software builders. As part of our vision to empower developers building the future of web3, we are launching a suite of blockchain infrastructure solutions and services for the growing Avalanche ecosystem.
Avalanche is a high-speed smart contract platform with near-instant finality and EVM compatibility. Developers can deploy their Ethereum applications on Avalanche’s C-Chain or deploy custom-built blockchains as a subnet. Avalanche has seen accelerated growth in 2021 since its launch in 2020, reaching new highs in active addresses, transactions, and total value locked. A number of high-profile projects such as Curve, Aave, and DeFi Kingdoms expanded into Avalanche alongside native projects like Trader Joe, BENQI, and Crabada.
Coinbase Cloud is committed to supporting the Avalanche ecosystem, making it easier and faster for developers to build innovative applications and unlock new use cases.
Secure, reliable staking infrastructure
Today, Coinbase Cloud has a public validator that lets delegators easily and securely stake their AVAX.
Validators support the continued growth and the security of the network by verifying transactions, participating in consensus, and adding blocks. By staking tokens, delegators can contribute to validators that do the important work of validating the chain.
To get started, delegators will need a minimum of 25 AVAX to stake, plus funds to cover the gas fees. Coinbase Cloud offers a step-by-step guide to delegating AVAX tokens.
Those who want to run their own dedicated validators on Avalanche will be able to do so using our Participate product. Coinbase Cloud’s staking infrastructure is built to the highest security standards and offers 99% uptime guarantee, making it easy for anyone to spin up a validator in just a few steps — no coding required.
Empowering developers to build the next big Avalanche project
Coinbase Wallet SDK empowers developers to expand their app’s reach to millions of Coinbase users, providing easy access to the Avalanche ecosystem via Coinbase Wallet. Coinbase Wallet offers users built-in fiat onramps to buy AVAX from Coinbase, providing users an easy start with Avalanche.
Coinbase Wallet offers first-class support for Avalanche C-Chain and the Fuji testnet, as well as EVM-compatible subnets, ensuring that any EVM-compatible application runs seamlessly and reliably through Coinbase Wallet. The integration can be completed in minutes, with only a few lines of code. Developers can view Coinbase Wallet SDK documentation on the Coinbase Cloud website.
In addition, we are building our Query & Transact infrastructure to empower developers to easily access data from the Avalanche blockchain. Having an easy way to access data and submit transactions is the most fundamental step to building dapps such as wallets, exchanges, data aggregators, and blockchain analytics solutions. With Query & Transact, developers have reliable read/write access to data with a 99.9% uptime guarantee.
Once available, developers can also easily customize their Query & Transact read/write infrastructure via the Coinbase Cloud web interface to meet their needs. Using our web interface, developers can configure who can access the node infrastructure, and distribute their nodes across four geographic regions and two cloud providers to serve traffic globally with low latencies.
With Query & Transact and the Wallet SDK, Avalanche developers have a comprehensive suite of solutions to build and grow their crypto products.
“We couldn’t be more excited to work with the Avalanche team to empower builders and participants. Avalanche is contributing to building a more vibrant and accessible Web3 economy, and we are looking forward to working with them to help the network grow and scale.” — Joe Lallouz, head of product at Coinbase Cloud
“We are thrilled to be working with Coinbase Cloud. The Coinbase Cloud team offers the technical expertise, security best practices, and deep understanding of protocols that will make them one of the important contributors to Avalanche. We are excited for what’s to come and to build the Web3 future with Coinbase Cloud.” — Jay Kurahashi-Sofue, VP of Marketing at Ava Labs
Connect with Coinbase Cloud at the Avalanche Summit
Builders and participants can connect with Coinbase Cloud during the Avalanche Summit. Meet our team at the Coinbase Cloud booth at the Eco-Dome. In addition, we are hosting workshops for builders interested in growing the adoption of their product via the Wallet SDK. Catch us on March 26, 6–7 pm GMT+1 for a hands-on session (see the agenda for more detail).
Coinbase Cloud offers Web3 APIs, services and blockchain infrastructure to power the next generation of software builders. Our suite of solutions covers a breadth of key crypto primitives including data access, staking, payments, trade and exchange, identity, and more.
Coinbase Wallet is a self-custody wallet providing software services subject to Coinbase Wallet Terms of Service and Privacy Policy. Coinbase Wallet is distinct from Coinbase.com, and private keys for Coinbase Wallet are stored directly by the user and not by Coinbase. Fees may apply. You do not need a Coinbase.com account to use Coinbase Wallet.
Tl;dr: As we continue to grow our presence in the UK and Europe, we have met with policymakers in the UK, established a regional Centre of Excellence in Ireland, strengthened operations in DACH with our first hire in Switzerland, and are expanding our footprint across additional European markets.
By Nana Murugesan,VP Business Development and International ; Tom Duff Gordon, VP International Policy
At Coinbase, our mission is to promote economic freedom, and we believe the best way to do that is by increasing crypto adoption in the world. That is why international expansion is fundamentally mission-aligned and continues to be a company priority.
As part of our recently announced two-pronged growth strategy, we are driving a concerted effort to strengthen our presence in Europe. This week, Coinbase CEO and Co-Founder, Brian Armstrong, was on the ground with other members of our executive team in London and Dublin and to meet with policymakers, partners, and key journalists. Brian also hosted our first-ever “Live from London” companywide global all hands.
It is great to hear about the UK’s ambitions to become a leading global hub for crypto assets, and we are encouraged by the thoughtful conversations with policymakers on how to turn that aspiration into a reality. The UK is currently the largest international market for Coinbase and we are excited by the momentum there as we look to grow our business.
Yesterday, the EU reached a landmark agreement on the Markets in Crypto Assets Regulation, “MiCA”, delivering the most comprehensive regulatory framework in the world and a single rule-book across 27 countries. This will provide important legal and regulatory certainty to the market, and raise standards across the industry. This is exciting — a harmonized single set of rules for the entire EU will enable us to invest, accelerate, and scale our growth efforts across the entire bloc.
Furthermore, the EU took a major step forward by reaching a sensible deal for implementation of the Travel Rule to tackle financial crimes and the transfer of illicit funds. The agreement takes a risk-based approach to verification requirements for crypto asset transfers to and from Self Hosted Wallets (SHWs). This is crucial for the protection of privacy and the development of Web3, for which SHWs are the gateway.
The EU is setting measured regulatory standards for crypto assets, which should provide renewed impetus for other jurisdictions to reflect on their own approaches to regulation and Travel Rule implementation.
During market downturns, the temptation can be to shy away from international expansion. We first entered the UK and EU during the bear market in 2015, a move that paid off significantly during the bull run a few years from then. We’ll keep building around the world, and doing everything we can to grow the cryptoeconomy.
We’re already on the ground in the UK, Ireland, and Germany. Additionally, we are in the process of expanding in France, Italy, Spain, and the Netherlands. In all of these markets, our goal is to launch the Coinbase suite of retail, institutional, and developer products.
In Switzerland, we are delighted that Peter Hofmann is going to establish our in-market presence, within the Central European build-out that we recently embarked on, spearheaded by DACH Regional Director Sascha Rangoonwala, based in our Germany office.
In Ireland, we established a regional Centre of Excellence (CoE) to drive business outcomes by working closely with regulators and internal teams including PED, Compliance, Legal and Policy. This new team will be led by Lory Kehoe, Head of EMEA, Market Operations.
We are also investing in the development of the crypto ecosystem. Coinbase Ventures, one of the most active corporate VCs by deal count, has invested in close to a dozen companies just in the UK including Euler, a lending protocol, and Qredo, a cross-chain protocol for asset managers and traders active in the digital asset markets. Coinbase Ventures is consistently evaluating investments to add to their portfolio, as well as potential acquisitions.
While markets will always be volatile, we believe the future is bright — and we’re excited to keep building that future with our customers and partners across the region.
Cheers,
Nana & Tom
Building Across Europe was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
