{"id":7661,"date":"2021-05-29T06:19:30","date_gmt":"2021-05-29T06:19:30","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=7661"},"modified":"2021-05-29T06:28:24","modified_gmt":"2021-05-29T06:28:24","slug":"xrp-price-outlook-why-it-struggles-to-break-past-1","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/xrp-price-outlook-why-it-struggles-to-break-past-1\/","title":{"rendered":"May 29 Daily report: COMIT Network makes Monero \/ Bitcoin atomic swaps, Ethereum flipping Bitcoin, XRP price outlook, VeChain Foundation Met With China\u2019s Government Officials and Moonbeam bring off-chain data to Polkadot"},"content":{"rendered":"\n

XRP price outlook: Why it struggles to break past $1<\/strong><\/h3>\n\n\n\n

XRP<\/a> is currently facing a primary battle to break past the $1 level despite making a remarkable recovery from the Sunday seven-day low price of $0.66 that coincided with the overall crypto market volatility. By press time, XRP was trading at $0.87, dropping below the psychological level of $1 at least for the third time in May in return, posing the question of whether the token\u2019s rally has stalled.<\/p>\n\n\n\n

COMIT Network makes Monero \/ Bitcoin atomic swaps available on the main net<\/strong><\/h3>\n\n\n\n

COMIT Network, an open protocol facilitating \u2018trustless\u2019 cross-blockchain applications, has announced that peer-to-peer atomic swaps between Monero (XMR)<\/a> and Bitcoin (BTC)<\/a> are now available on the main net. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade without using a regulated financial institution.<\/p>\n\n\n\n

Ethereum flipping Bitcoin<\/strong><\/h3>\n\n\n\n

Ethereum<\/a> has considerably reduced the gap to Bitcoin. While comparing their market caps would not bequeath such sentiment (BTC\u2019s $680 billion to ETH\u2019s $292 billion), in terms of exposure, fundamental developments, and overall market intrinsic value, Ethereum is right in the mix and no longer under its shade. Its rapid growth keeps bringing up the probable eventuality of Ether overturning BTC\u2019s market cap in a few years.<\/p>\n\n\n\n

VeChain Foundation Met With China\u2019s Government Officials<\/strong><\/h3>\n\n\n\n

Per the report by the VeChain<\/a> Foundation, the representatives from the enterprise blockchain platform and the governments talked about \u201cpotential transformative collaborations\u201d. The organization claimed to be \u201cever-ready\u201d to help all sectors from private companies to governments.<\/p>\n\n\n\n

API3 and smart contract platform Moonbeam bring off-chain data to Polkadot<\/strong><\/h3>\n\n\n\n

API3, a provider of decentralized APIs (dAPIs), has announced integration with Moonbeam, the project that simplifies the process for Ethereum applications to expand to the Polkadot<\/a> blockchain ecosystem, making APIs effortlessly available to multi-chain applications.<\/p>\n\n\n\n

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Ethereum extended<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n
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