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Cardano On The Verge Of $1: Bulls Eye Next Resistance Break

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  • Cardano (ADA) has surged 144% in two weeks, decoupling from the broader altcoin market and nearing an 8-month high.
  • Increased whale activity and rising social media engagement signal growing confidence in ADA’s potential for further gains.
  • The potential pullback could find support at $0.71 and $0.6478, with further downside risking consolidation.

Cardano (ADA) has been on an impressive bullish rally with its price rising by 144% within the last two weeks. According to the analytics platform Santiment, ADA is breaking free from the larger altcoin market and is close to touching an 8-month high. The ADA/BTC price ratio is also gradually closing in on the highest value in the same period, evidencing increased confidence in the potential of Cardano.

At the time of writing, Cardano is trading at $0.798 and is battling the $0.80 mark. If it can overcome this level, ADA may rise above the $1 mark, a crucial level that many experts think can be achieved due to the current market trend.

Cardano Whale Activity

Whale activity with ADA has also been on the rise especially those with more than $10 million in ADA have added more to their portfolio by 134.09%. Also, retail investors with stake between $100,000 and $9 million have also been adding more ADA into their portfolio due to optimism of the ADA’s future price appreciation.

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Source: IntoTheBlock

Cardano social media expansion is also visible, especially in the social trending ranking, which peaked at the second position on November 16, as reported by Santiment. The increased social engagement along with the positivity of investors in ADA points to the fact that ADA has a bright future which can push the price even more.

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Source: Santiment

Nevertheless, ADA met some stumbling block at around $0.80- $0.82, which is fairly a challenging threshold. Based on this, if Cardano is to break through this resistance, analysts believe that the next price targets will be at $0.89 and $0.9871 with the help of the Fibonacci retracement tool.

ADA Resistance and Support

Nevertheless, if ADA price fails to penetrate through the resistance level it may as well be pulled back and possible support levels being $0.71 and $0.6478. These levels will act as support and may prevent further losses but any substantial bearish break down below these levels will question the current bullish structure and could lead to a sidewards consolidation.

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Source: TradingView

Even though ADA has risen by 144%, Coinglass data reveals that traders are still positive on the coin since long positions outnumber shorts significantly. This means that even after it has increased by such a large amount, Cardano still has potential for further growth, with traders still bearish on its potential.

Bitcoin Forms Rising Wedge Pattern: What’s Next For The Cryptocurrency?

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  • Bitcoin forms a Rising Wedge pattern, signaling potential consolidation or reversal after strong gains.
  • Key levels at $85,000 and $100,000 are crucial for determining Bitcoin’s next move in the short term.
  • ETF inflows and the potential U.S. Bitcoin Reserve Act could significantly boost Bitcoin’s long-term prospects.

Bitcoin is forming a Rising Wedge pattern, cryptocurrency which has seen tremendous growth recently, is now in a consolidation phase where price action is building an upward sloping support and resistance. The Rising Wedge pattern is one of the most important and are used to signal potential reversal after a long bullish trend.

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Source: Chart by CryptoRover

In a recent YouTube video, Rover pointed out that although Rising Wedge patterns are considered bearish, the pattern does not always lead to a bearish market. Actually, there are cases where this pattern, has produced OBV line that broke the bullish. However, due to recent sharp increase in the price of cryptocurrency, this pattern indicates a period of stagnation. After BTC reached a new all-time high, it faced rejection and the price dropped down. This price action further strengthens the thesis that a consolidation phase is the next step before the next major breakout. As of writing BTC is trading at $93,085, up by 1.35% over the past day. 

Bitcoin’s Price Decision Point

On the 12-hour chart, we can see that Bitcoin is trading within the ascending triangle, which means that the coin remains uncertain. From the pattern above, the price of BTC is likely to either rise or fall through support and resistance levels. As it stands right now, if the price of BTC is able to break through the level of resistance, then this may mean that there is even more upside left in the price, but if the price falls under the level of support then it could be indicating that a short term dip may be coming.

Should the price break lower, the $85 000 level is of critical significance in this case as it may provide a good entry point for longs given a possibility of a bounce higher. On the other hand, if BTC is able to close a daily candle above the current price level, the door could be opened for an aggressive move, with the next levels of resistance at $100,000. This could lead to further price appreciation and possibly place the token on the path to a new record high as even more investors get into the instrument.

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Source: Chart by CryptoRover

Bullish Divergence and Trends

Bullish divergence is also possible, especially if Bitcoin manages to break above its current resistance without much strength. This could break the bullish trend as the upsurge will not have the force it has had in other instances. However, the long term perspective for Bitcoin is still positive, with expectations that cryptocurrency will see massive appreciation during this market cycle.

New inflows into Bitcoin ETFs and the possibility of the U.S. Bitcoin Reserve Act also support the future growth of cryptocurrency. As more institutions are willing to invest in it, the future of BTC seems bright even with short term fluctuations.

Digital Asset Investments Hit $2.2B Weekly Inflows, Setting $33.5B YTD Record

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  • Digital asset inflows hit $2.2B last week, driving total yearly investments to a record $33.5B amid growing market interest.
  • Bitcoin led with $1.48B inflows, but profit-taking saw $866M outflows as prices neared all-time highs midweek.
  • Regional trends show U.S. dominance in inflows, while Ethereum and Solana gain traction with $646M and $24M respectively.

CoinShares has revealed that Digital asset investment products saw inflows of $2.2 billion in the previous week, taking the total inflows since the interest rate cuts in September to $11.7 billion. Cumulative investment in cryptocurrencies in the year has totalled $33.5bn, an all time high, signifying that digital assets are gaining credibility as an asset class. The total AuM hit $138 billion in the beginning of the week mainly buoyed by Bitcoin that was touching new record highs.

As per a recent report, investor interest returned at the start of the week when the country recorded inflows of $3 billion. Nonetheless, as Bitcoin’s price approached its peak, $866 million left exchanges in the second half of the week. The report attribute this to the fact that investors were taking profits as they responded to the market’s strong advance.

Digital Asset Investments

Such increase in activity was driven by factors such as the easy money environment, and positive sentiment due to Republican’s recent wins in the US elections. These macroeconomic changes paved the way to support the digital asset investments.

Regional results provided a more ambiguous picture of consumers’ attitudes. The biggest source of capital came from the United States with $2.2 billion while Hong Kong, Australia, and Canada offered $27 million, $18 million and $13 million respectively. On the other hand, the inflows into Swedish and German economies were $58 and $6.8 million respectively, although some investors booked their gains.

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Source: Image by CoinShares

Bitcoin led with $1.48 billion in inflows, although its surge to new highs also saw $49m go into short Bitcoin products. Some of the investors are therefore cautious, especially to avoid losing their investment in the case of a downward trend in the cryptocurrency’s price.

Ethereum and Solana Gains

Ethereum also had a good recovery with $646 million of inflows which constituted to 5% of its total AUM. This recovery has been informed by the planned upgrade of the Beam Chain network and positive sentiments after the U.S elections. Solana remained attractive for investors and raised $24M of capital as more and more people became interested in the ecosystem.

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Source: Image by CoinShares

These trends show the shift in the digital asset market: The strength in inflows is coupled with diverging regional trends and price-related outflows showing that investor sentiment can be nuanced. 

The line between the optimism and caution will determine the future direction of the digital assets as they become more popular. The record inflows show that the investments in digital assets are increasingly becoming more popular in the world even with the volatility.

Bitcoin Shows Healthy Growth as SOPR Indicates Room for Further Gains

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  • Bitcoin’s STH SOPR indicates controlled optimism, with neutral sentiment leaving room for sustainable growth.
  • Neutral STH SOPR levels suggest modest profit-taking, avoiding the Extreme Greed zone’s usual market corrections.
  • Investors see opportunity in Bitcoin’s steady rise, as caution balances optimism for potential gains amid stability.

The Bitcoin market remains in a phase of controlled optimism. In a recent X post, the platform looked at the Short-Term Holders Spent Output Profit Ratio (STH SOPR) and concluded that the market for Bitcoin has not yet reached its peak.

According to a recent report, the STH SOPR; a metric that reflects the profitability of short-term Bitcoin holders is currently within neutral territory and quite far from the Extreme Greed territory. This implies that the market is still not as over excited as it is during the price peaks. Using the 30-day moving average (30d MA), the results suggest that short-term investors are taking modest profits but there is no sign of irrational exuberance.

Bitcoin Trend Analysis

Before STH SOPR reached the Extreme Greed zone, it was accompanied by market opposition and pullback. On the other hand, extreme fear zones normally have defined periods of build up and the creation of market bottoms. Based on this historical background, the current intermediate position of the indicator can be interpreted as the Market in Transition, with positive outlook and sustainable development.

According to CryptoQuant, investors should pay special attention to this metric in the near future. If the STH SOPR approaches Extreme Greed, profit-taking might intensify, or a reversal of the trend might occur. At the moment, though, it seems that the market is still fairly stable, with everybody being neither too optimistic nor too careful. At the time of writing, the BTC price is $93,004; it has risen by 1.58% in the last 24 hours.

BTCUSDT 2024 11 20 01 45 14
Source: TradingView

Bitcoin Investment Opportunities

From the investors’ perspective, the current circumstances are advantageous. The current price increase of Bitcoin together with the somewhat neutral sentiment, shown by the STH SOPR, creates opportunities for gains. However,, the platform underlines that sound risk management is crucial to preserve capital from the price fluctuations of Bitcoin.

This type of market behavior indicates that Bitcoin is still in the growth stage, yet clearly, it should be monitored closely. As the above indicators suggest, a market top is not yet due but the balance between hope and caution will be key to the next stages of BTC price action.

Cameron Winklevoss Supports Trump’s DOGE Initiative To Slash $2 Trillion: Report

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  • Trump’s DOGE initiative, led by Musk and Ramaswamy, aims to cut $2 trillion in federal spending and overhaul bureaucracy.
  • Cameron Winklevoss supports DOGE, saying reducing government waste will control inflation and benefit low-income Americans.
  • DOGE seeks “high-IQ revolutionaries” to work 80+ hours, slashing costs in a bid to transform federal operations for long-term gain.

Donald Trump has recently announced the formation of a new program known as the Department of Government Efficiency (DOGE) to enhance the working of the federal government in the United States. The new department which has been formed to eliminate government expenses to the tune of $2 trillion or more will be spearheaded by billionaire business magnate and engineer Elon Musk and biotech CEO, Vivek Ramaswamy. Some critics have questioned the plausibility of such a steep cut, but Trump’s decision brings into focus an aggressive plan for fiscal change.

Winklevoss Supports DOGE Initiative

Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, expressed his support for the project, highlighting the broader economic implications of reducing wasteful government spending. In an X post, he argued that cutting government expenditure would help rein inflation, which he described as a “silent tax” on all Americans, particularly low-income households. “It’s regressive, and it confiscates wealth,” Winklevoss said, adding that controlling inflation would bring long-term economic benefits to the country.

Ramaswamy, who has been highly critical of bureaucracy and has promised to overhaul it, assured that the department was in a position to make deep cuts. ”Elon Musk doesn’t bring a chisel in his hand; he brings a chainsaw,” Ramaswamy said that the cuts would be deep and drastic.” The biotech entrepreneur said: “We’re going to be taking it to that bureaucracy” It’s going to be exciting.” As pointed out by Ramaswamy, the mission of the department is to revolutionize the federal government and increase its productivity.

The new initiative is launched at a time when most Americans are concerned with the government’s poor spending approaches, and the DOGE team has taken notice of this. Ramaswamy, a former private sector executive who has also worked on government policy, said that the effort would be “on the order of a modern-day Manhattan Project”.

Long-Term Gains from DOGE

Another radical element of the DOGE initiative is its appeal to the next round of recruitment. The department wants “high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting.” The recruitment has been posted on social media platform X, and both Musk and Ramaswamy have reached out to potential participants across industries.

Nonetheless, several advocates are keen to note that the positives will accrue in the long-run than the short-lived negatives. Musk has said that the measures are likely to result in short-term issues but he is confident that they will work for the long-term. “Yes, it will hurt in the short-term, but the long-term gains will be well worth it,” Musk said in a recent interview. 

When it comes to DOGE, what Musk, Ramaswamy, and their team will be able to do remains to be seen in the future. The program’s success would mean that the federal government has found a new way of operating that may save time and money and could change the face of the country’s economy and governance.

XRP Soars To 3-Year High As Whale Activity Fuels Price Surge and Dominance

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  • XRP hits a 3-year high of $1.2679 on Binance, fueled by whale wallets acquiring 453.3M tokens in just one week.
  • Retail traders sell off 75.7M XRP, creating an opportunity for large investors to buy at discounted prices.
  • XRP dominance could rise from 10% to 20%, with price predictions reaching up to $17.54 per token by cycle’s end.

XRP has soared to an unprecedented high within the last three years as the digital currency keeps on rising. The digital asset trading on Binance hit $1.2679, the highest it has been since November 11, 2021. This price surge has been driven mainly by the activities of large investors, the so-called whale and shark wallets, who hold between one million and one hundred million XRP tokens. In the past week, these major holders have bought 453.3 million tokens worth about $526.3 million.

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Source: Chart by Santiment

Whale Activity Drives XRP Surge

This is in stark comparison to the retail trader who has been on the investing scene for the past couple of months. Small wallets with less than one million XRP have been quick to dump tokens whenever the market starts to rally, leading to 75.7 million XRP being sold in the last week alone, worth around $87.9 million. As for now, the retail traders are selling their tokens, which creates a perfect opportunity for big investors to purchase more tokens at lower prices.

In the past, when some of the major market participants are buying up their tokens during retail FUD, the market has had massive positive price action. This is the current state of token which is currently the sixth largest cryptocurrency in the market.

This is coupled with an increased market dominance of coin prices, which has also been on the rise. According to the analyst at Egrag Crypto, this could rise from 10% to 20%.To this end, the analyst used Fibonacci analysis on two market cycles, one in 2017 and another in 2021.

Fibonacci levels of analysis suggest that a critical convergence zone is at 5.9 to 6% dominance. A close above this range could indicate further upward movement of XRP, meaning that it could head towards other Fibonacci levels such as 0.702 or 0.786. A clean breakout through the 2021 dominance high at Fib 1.0 could see XRP reach new dominance highs of up to 16.69% Fib 1.618 or even 20%.

XRP Dominance and Growth

If XRP retains or even grows its market dominance based on these predictions, the price of Ripple token may also rise greatly. Brad Garlinghouse has dropped the hint that the total market capitalization of cryptocurrencies may well reach $5 trillion by the end of this cycle. If token could take 10% of this total market cap, the price could go up to $8.77. According to analysis, XRP could hit $17.54, given it is dominant by 20%. As of writing, Ripple coin is trading at  $1.08, showing an increase of 3.39% over the past day.

Source: TradingView

XRP is on the verge of a major breakout and its price and market share have been indicating an upward trend. In the meantime, as more and more whale investors are buying more coin while retail traders are selling less of it, the market dynamics of Ripple are likely to change dramatically. The next few weeks could be decisive in defining if coin will be able to break through important dominance levels and thus reach new heights. 

Satoshi-Era Bitcoin Wallet Reawakens After 14 Years, Moves $178M

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  • A dormant Bitcoin wallet from 2009 moved 2,000 BTC worth $178M, shaking the crypto market.
  • The wallet’s reactivation raises questions about its owner, possibly linked to Bitcoin’s creator, Satoshi.
  • Large BTC transfers to exchanges spark mixed reactions, with concerns over potential price drops.

A wallet associated with the early days of Bitcoin has woken up after 14 years of inactivity in what is being described as the Satoshi era. The wallet holds 2,000 BTC, and with the current prices, the wallet is worth approximately $178 million. 

As noted by the statistical service Spot On Chain, the long-silent wallet came back to life on yesterday and became active again. The $40 million BTC was transferred to different cryptocurrency exchanges within one day. The breakdown of the transactions is as follows: 1,038.87 BTC, equivalent to $92.93 million, was transferred to Coinbase; 591.46 BTC, which is approximately $52 million, was sent to BitFlyer; and 369.66 BTC, equivalent to $33.04 million, was deposited on Bitstamp.

Mystery Behind Bitcoin Transfer

These sudden transfers of token have generated much interest in the crypto space because the wallet in question has not had any activity for the past 14 years. The last transaction associated with this wallet was made in 2010 when the BTC was still a virtually unknown currency. Due to the age of the wallet the coins could have been mined by one of the first beings who started using BTC, or even by the creator of bitcoin known under the pseudonym Satoshi Nakamoto.

The revival of this Satoshi-era wallet appears when more institutions are investing in Bitcoin and other cryptocurrencies as BTC hits new price records. The analysts believe that the recent dealings are possibly strategic operations, while some assuming that the holder could be aiming at cutting his/her losses or adjusting portfolio. As of writing, BTC is trading at $91,113, showing a 1.90% increase over the past day.

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Source: TradingView

Impact on Bitcoin’s Future

However, the general market reaction to these transactions has been quite mixed. Some potential investors on the other hand are worried that with large sums of bitcoins dumped onto exchanges, there might be a price drop due to the sales.

However, the transfer of the 2,000 BTC has certainly influenced the market sentiment and many people from the crypto space are waiting for further developments. The destiny of these bitcoins is still unknown, but their reentrance on the market can be considered reminding of the beginning of BTC and its further evolution in the sphere of the digital money.

Bitcoin Breakout Signals Major Rally, $100K Target in Sight: Report

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  • Bitcoin breaks key resistance levels, signaling a major rally with the potential to hit $100K or higher.
  • Over 307,000 new Bitcoin addresses show growing adoption as active users surpass 1.1 million, fueling the crypto surge.
  • Institutional interest is rising as BTC holdings on exchanges hit a two-year low, with BlackRock and a Bitcoin ETF approval looming.

Bitcoin (BTC) is demonstrating clear signs of a significant breakout, which has stirred up the crypto market. In the latest YouTube video, Rover noted that Bitcoin has broken through various barriers and this means that the price is on an upward trend. The price is now trading above a key level and other technicals point towards the possibility of a major rally with targets at even more elevated levels.

Rover pointed out that the price of Bitcoin has successfully break through the falling wedge pattern which shows strong bullish action. After that, Bitcoin has developed a symmetrical triangle on a chart, and this pattern is characteristic of further growth of the price. The analyst has predicted that Bitcoin may well hit $100,000 or even more in the near future.

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Source: Chart by CryptoRover

Bitcoin’s Strong Market Performance

Besides this technical factors, the market data has pointed that Bitcoin is steadily increasing its pace. Bitcoin has been making a tremendous profit of $5.42 billion as the Sell-side Risk Ratio increased to 0.524%, according to analyst Ali Martinez. This rise in the ratio also points towards a mild sell off, though it also points towards the fact that majority of the holders are either not panicking and continuing to hold, or booking gains.

Data from the analytics platform IntoTheBlock shows that more than 307,000 BTC addresses have been added to the cryptoasset in recent weeks. The total number of active addresses has now crossed the 1.1 million mark, which means that there are more transactions and that more people are using BTC. New addresses keep on increasing, which tells us that more people are coming to use the BTC network.

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Source: IntoTheBlock

BlackRock and BTC ETF Boost

Large investors also contribute to the upward trend in the market as well as to the direction of the market. The BTC on exchange holdings have dropped to their lowest level in over two years, which indicates that long term investors are buying the asset. The crypto market is still attracting well-known institutions like BlackRock; the chances are increasing for a spot Bitcoin ETF, which might boost the bulls.

This volatility has also been exacerbated by the retail investors with increased trading at the weekend, particularly in altcoins and meme coins. This activity has assisted in boosting the current cryptocurrency surge.

At the time of writing, BTC is trading  $91,387, it has increased by 2.44% in the last 24 hours, and the trade volume is $69.63 billion. In the future, market experts claim that in the current cycle, BTC’s price may rise to $120,000 or $300,000 due to continued buying both from retail and institutional investors.

Litecoin Bull Run Begins: Key Indicators Point To Record Highs By 2025

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  • Litecoin exits the accumulation phase, signaling the start of a bull market with potential record highs by 2025.
  • LTC trading volume hits an 8-month high, reflecting renewed investor confidence and market growth prospects.
  • Bullish trends position Litecoin as a strong contender for substantial gains and long-term success in crypto markets.

Litecoin (LTC) is out of the long period of accumulation, signaling the beginning of the bull run. In a recent X post, Alan Santana noted that the cryptocurrency market tipped into a strong growth trajectory from the middle of 2022. LTC is now indicating that it is about to enter a major upswing as investors start to position themselves for a possible move toward fresh record highs in the next five years.

The analysis suggests that Litecoin is out of the long-term price accumulation range set back in August 2024. This shift is a big inflection point, which puts LTC out of the gradual accumulation phase and into the growth area. A priced ramp-up from August to November 2024 paved the way for this shift after a market bottom in June 2022 and a higher low in August 2024.

Source: Chart by Alan Santana

Litecoin’s Price Momentum

Some important price levels indicate that LTC’s rally is still relatively nascent, and thus, it is suitable for long-term stacking when the price is below $100. Even though the best time to buy has already gone, the strong market fluctuations can still make some entry points.

The broader cryptocurrency market has also revealed positive indications with the rising volume of Bitcoin contributing to the movement. Also, LTC’s trading volume this week is projected to maintain the highest levels since March 2024, which indicates that more investors are coming back into the market. This rise has been seen after eight months of market adjustments that experts think have opened the door for Litecoin to enter its rebound and expansion period.

As a ‘bull market,’ Litecoin follows the general path of other cryptos, as the market climbs higher. LTC investors should pay attention to the cryptocurrency, as the latest price trends indicate that it may lead the subsequent major cryptocurrency surge. At the time of writing, LTC is at $82.12, with 0.20% increase in the last 24 hours, and a 16.42% rise in the past week.

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Source: TradingView

Litecoin’s Path To 2025

From this point onwards, the way to 2025 appears rather bright for Litecoin. According to Santana, Litecoin is likely to hit new record highs in the next several years due to the opening of new markets and positive sentiment. Since the cryptocurrency is slowly but surely recovering and actively traded, the chances for a substantial increase in the near future are high.

As the market slowly shifts its focus and more and more indicators show that the growth is to continue, Litecoin is set to become one of the main attractions in the cryptocurrencies space. LTC seems very favorable for the long-term investors and newcomers as it gets ready to switch to the next phase of its development.

Ripple Drives Digital Asset Growth Amid Rising Crypto Demand In the Americas

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  • Ripple drives digital asset growth in the Americas as institutions embrace crypto in response to market changes.
  • North America’s crypto market reaches $1.2T in transactions, fueled by major institutional investors seeking alternatives.
  • LATAM’s currency struggles push crypto adoption, with Ripple expanding as digital assets gain popularity in the region.

Ripple is at the forefront of the growth of the digital asset industry in the Americas region. In a recent X post, Ripple also pointed out that as the need for digital assets rises, more and more institutions are seeking to adapt to the changing environment of the crypto market.

According to a recent report, North America has become one of the most active regions for cryptocurrencies since investors look for options other than conventional investments. According to Chainalysis, the region recorded $1.2 trillion in cryptocurrency transactions in the year to June 2022, making North America the biggest market for cryptocurrency.

North America remains the most active region in the crypto market with institutional investors where transactions of over $1 million contributed to 76.9% of total trade. This change shows how major market participants are starting to engage with digital assets in more meaningful fashion.

Ripple Expands in LATAM

The company is expanding in Latin America (LATAM) as digital assets are the solution to weak fiat currencies. These four countries, Argentina, Brazil, Mexico, and Venezuela have been the biggest markets, where inflation and currency risks push both, the local and institutional buyers towards cryptocurrencies.

According to data, Latin America accounts for 7.3% of the global cryptocurrency market and is the seventh largest hub globally for crypto trading and use. Colombia, Chile, and Peru are integrating their stock exchanges to encourage more foreign investments, but low liquidity forces many LATAM investors to look at digital assets.

While the use of cryptocurrencies is on the rise, regulation in the Americas has to play catch up with other regions. The US SEC has approved Bitcoin ETFs and Etheruem ETFs while Ripple XRP was classified as non-security with little clarity on the regulation.

SAB 121 has caused problems as the SEC directed financial institutions to include customers’ crypto assets as liabilities. This rule could raise the amount of capital banks need to hold, making crypto custody less feasible, even though Congress is considering revisions to SAB 121.

Growing Demand for Custody

More institutions are looking for digital asset custody services, and Ripple wants more banks to join the bandwagon. At the moment, family offices are the key drivers of the crypto market, but pension funds are likely to join soon. For the future rises in demand, the network work managers are to improve the precautionary measures such as cybersecurity and the amount of assets needed. As big firms come into the market, then the custodians will require the hot and cold options.

Technology partners are important to bridge the gap between traditional finance and the digital asset economy, providing safe haven and infrastructure solutions. This has made the growth of Ripple and has forced more banks to engage technology firms so that they can be able to offer and deal with the digital currencies safely.

These partnerships enable the banks to tap into the digital economy, create new sources of income and reposition them effectively. Ripple’s growth across the Americas marks a new era for the region as more and more consumers turn to digital finance.