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Daily Crypto News

May 28 Daily report: NFT volume has more than tripled, Bitcoin Remains In Range, Cardano Boss Puts Into Words, Ripple (XRP) likely to go public, and $ADA and $MATIC Could Explode

$ADA and $MATIC Could Explode Over Next Few Weeks

Investors are betting on Cardano anticipating the hard fork, as $ADA and $MATIC. ADA has been outperforming both ETH and BTC over the last 30 days. MATIC has seen its price rise over 9,000% so far this year as demand for it has been surging. According to a MATIC network explorer, it currently processes over 5.89 million transactions per day, and the network has processed a total of 122 million transactions.

NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M

The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost 94,000 NFT transactions a day.

Bitcoin Remains In Range, Here’s What Could Trigger A Strong Move

Bitcoin price is still struggling to clear $40,000 and $41,000 against the US Dollar. BTC could decline heavily if there is a clear break below $37,000 and $36,500. Bitcoin made another attempt to gain bullish momentum above the $40,000 resistance. However, BTC failed to continue higher and it remained in a key range below $40,500.

Cardano Boss Puts Into Words Why ETH 2.0 Will Fall Flat

Cardano considers the long-term implication of governance via the Voltaire phase on its roadmap. This is the final piece required for Cardano to become a self-sustaining network. Input-Output Global (IOG) CEO Charles Hoskinson believes Cardano has the edge over Ethereum 2.0 regarding governance. This, he sees as the decisive factor in Ethereum falling flat in the long term.

Ripple (XRP) likely to go public after its legal battle with SEC is over, CEO confirms

The likelihood of Ripple, the company behind the XRP token and blockchain-based payments network RippleNet, to go public is “very high at some point”—but not before its legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved, said the firm’s CEO Brad Garlinghouse.


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Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

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