XRP continues to hold its ground in the cryptocurrency market despite recent challenges. Meanwhile, a new project named UNITS is gearing up for a successful debut.
XRP Keeps Steady
Throughout September, XRP has been working to regain its momentum. The token started off the month threading just above $0.50, though it is now hovering just under $0.60. Much of this can be credited to Ripple Labs’ ongoing issues with the SEC, as well as general market highs and lows. But while XRP is in its slump, its community of investors are taking advantage of the situation. Whale Alert reports that 30 million units of the token were withdrawn from exchanges to an unknown wallet. This would imply that investors are looking to ‘buy the dip’ and stock up on XRP in anticipation of a price uptick. Ironically, this buying of the dip is sometimes the catalyst for the next bull run. It also speaks to XRP’s legacy status as while it may see market changes, it is still a go-to token for practical purposes and this helps to sustain its momentum even in times of decline.
UNITS to Break Records
2024 has seen several impressive token debuts and it seems we’re not done yet. UNITS, a blockchain project offering investment in tokenized real-world assets (RWAs), is approaching its token presale in mere days but is already being touted as one of the most promising launches we’ve seen this year. The way UNITS works is centred around three distinct parts; the NFTs, the token, and the marketplace. The marketplace is where various assets like art pieces and real estate are listed for investment. But rather than buying them outright, customers can buy small fractionalized pieces of ownership, which makes it much more affordable. This ownership is sold in the form of NFTs, which makes it easy to transfer ownership whenever the need arises. As the asset performs in the market, the worth of the NFT will increase, alongside whatever royalties/shares of profit they receive. The token UNITS is the primary currency of this ecosystem and holding it gives users early access to exclusive investment schemes, as well as a community of fellow investors. The token is based on a deflationary model, which sees tokens burned periodically and the price kept high. This combination of a practical use case and a token management system designed to ensure growth has made UNITS one of the highest-rated upcoming projects.
As XRP continues to hold its ground, the new project UNITS is garnering significant interest among investors. It's important to monitor the project's development and consider all risks before making investment decisions.
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