Recently, the cryptocurrency market has seen increased activity around Ethereum and XRP, as well as concerns regarding security and privacy.
XRP Prospects and ETFs
XRP is trading at around $2.09, reflecting a 1.36% dip over the past 24 hours. Nevertheless, optimism remains strong due to Kaiko data indicating deeper market liquidity compared to Solana, enhancing chances for ETF approval. The estimated likelihood of approval stands at 73%. A breakout above $2.33 could trigger a 13% rally aiming for $2.50.
Ethereum Price Trends
Ethereum (ETH) is currently trading around $1,610, dipping below the 0.8x MVRV band, historically associated with market bottoms since 2019. Exchange reserves have fallen to 18.9 million ETH, a 33% decrease since mid-2022, indicating a shift towards self-custody.
New Technologies in Cryptography
Cold Wallet utilizes zero-knowledge (ZK) cryptography for everyday applications, allowing users to prove information correctness without revealing details, addressing real privacy issues. Key features include hidden balances, anonymous transactions, and stealth authentication.
Cryptocurrency assets like Ethereum and XRP continue to attract attention due to their price movements and regulatory prospects. Simultaneously, technologies ensuring security and privacy are becoming essential for users.
