Analysis of the crypto XRP, IOTA, and XLM

12 hours ago 11

Our analysis of the crypto world continues, in particular the assets we will analyze today are: XRP, IOTA, and XLM.

Market statistics of the crypto XRP, IOTA, and XLM

XRP, currently traded at 2.17 USD, ranks as the fourth most popular cryptocurrency, with a market capitalization of 124.7 billion dollars. The trading volume in the last 24 hours is 11.4 billion dollars, highlighting extensive market activity.

Currently, there are 57.3 billion XRP in circulation, with an average holding period of 85 days, indicating long-term interest from investors. Although far from its all-time high of 3.84 USD, the current price suggests resilience and potential recovery, given the dynamic context of the cryptocurrency market.

IOTA, with a current price of 0.30 USD, has a market capitalization of 1.1 billion dollars and a daily trading volume of 54.2 million dollars. The cryptocurrency has a circulating supply of 3.6 billion IOTA, but its current value is significantly lower than the all-time high of 5.69 USD.

Despite this gap, IOTA continues to stand out for its Tangle-based technology, which aims to optimize transaction efficiency and support the Internet of Things (IoT).

XLM, currently traded at 0.35 USD, records a market capitalization of 10.7 billion dollars and a daily trading volume of 443.5 million dollars. The cryptocurrency has a circulating supply of 30.2 billion XLM, with an average holding period of 50 days, indicative of a predominantly speculative interest.

Although far from its all-time high of 0.94 USD, the Stellar token maintains the 16th position in terms of popularity, supported by its mission to promote financial inclusion through fast and cheap payments.

Ripple in the real estate sector

The real estate sector, historically burdened by cumbersome processes and outdated technologies, is experiencing a significant transformation thanks to the integration of Ripple’s blockchain. One of the most promising areas of application is title management, traditionally characterized by administrative complexities, human errors, and prolonged processing times. 

Through the solutions offered by Ripple, real estate companies aim to digitalize and optimize these processes, ensuring more streamlined workflows and a drastic reduction in manual errors. XRP, the native token of the platform, plays a central role in this renewal, facilitating fast, secure, and low-cost transactions, in stark contrast to the traditional fragmented systems of the sector. The use of blockchain not only improves efficiency but also strengthens trust between parties, offering unprecedented traceability and transparency. 

This technological revolution is not limited to transactions but embraces the entire real estate ecosystem, from valuations to contracts, accelerating closing times and reducing associated costs. With the growing adoption of Ripple technology, the real estate sector is moving towards a more dynamic, competitive, and innovative future, demonstrating how the targeted application of blockchain can redefine even the most traditional sectors.

IOTA: concluded the vote on governance

IOTA has recently concluded the vote on the governance of the Rebased Protocol, marking a crucial step for the evolution of its technological infrastructure. The update received broad consensus, with 98% of participants in favor, demonstrating strong support from the community. 

This result highlights the collective interest in improving the protocol, aimed at strengthening its scalability, efficiency, and security. Currently, the new system is in the testing phase, involving a wide network of partners and developers who are implementing applications based on the updated protocol. 

The inclusion of numerous independent validators in the operational process ensures a decentralized and reliable verification of the new technology, highlighting its potential for large-scale adoption. This update represents an opportunity for IOTA to consolidate its role as a reference platform in the IoT (Internet of Things) technology ecosystem. 

Thanks to the support of the community and the active participation of builders and validators, IOTA aims to overcome current limitations, ensuring more robust solutions for fee-less transactions and innovative applications. The Rebased Protocol could therefore inaugurate a new phase of development for IOTA, accelerating the commercial and technological adoption of its network.

Read Entire Article