Cryptocurrencies Price Prediction: XRP, Ethereum & Polygon – American Wrap 11 October
XRP price bleeds as Ripple proponent John Deaton predicts no crypto regulation until 2025
XRP price decline continued on Wednesday owing to broader market cues. While Ripple has come out on top in its fight against the SEC, for now, the crypto market's remains uncertain owing to the lack of clear regulations which according to John Deaton will take a while longer.
ETH open interest surged in September as more people have been actively trading ETH futures contracts, data from the analytics firm Kaiko revealed. However, analysts describe the market as directionless due to the neutral to negative funding rates.
Polygon co-founder Sandeep Nailwal has put out an "ApeChain" proposal to address ApeCoin's scalability challenges. At the time of writing, the ApeCoin DAO proposal received 18 votes that could initiate the development of a dedicated zero-knowledge powered Layer-2 (zk-L2) chain on the Polygon network. In the past, however, not all community members have been in agreement about the need for ApeCoin's own chain.
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