- Ripple to reset XRP Ledger Testnet on August 19th for enhanced stability.
- SINGLE INTEREST surprises XRP community with 100 million token airdrop.
- Trump’s plan to use Bitcoin to pay off U.S. national debt could impact XRP price as well.
RippleX has notified XRPL developers of a scheduled Testnet reset slated for August 19, 2024, beginning at 3:00 AM EST. The reset will last around 15 minutes, during which the Testnet may be temporarily unavailable. This maintenance aims to enhance the Testnet’s stability and reduce operational costs associated with running a Testnet node. RippleX will provide updates once the reset is complete, ensuring users are informed of any changes.
Besides the Testnet reset, the XRP community is buzzing about a surprise announcement from SINGLE INTEREST. The platform has revealed a random airdrop of 100 million SINGLE | XRPL tokens. To be eligible, participants must deposit at least 6,969 SINGLE tokens into the XRP/SINGLE Automated Market Maker (AMM) pool.
This initiative aims to improve risk mitigation strategies while offering participants a chance to receive additional tokens through the airdrop. This step is expected to stimulate engagement and participation within the XRP ecosystem.
Currently, XRP is trading at $0.488975 with a 24-hour trading volume of $4,160,630,036. Despite a 6.67% decline in the past 24 hours, XRP maintains a market cap of $27,382,226,025. The circulating supply is 55,999,283,950 XRP, with a maximum supply set at 100,000,000,000 XRP coins.
Moreover, notable market movements are anticipated following Donald Trump’s recent announcement. Trump has unveiled a plan to potentially use Bitcoin to eliminate the $35 trillion U.S. national debt. This ambitious proposal could highly impact the crypto ecosystem as a whole and altcoins like XRP’s value are predicted to reach $189.50.
Consequently, this development is likely to trigger unprecedented market activity on the XRPL. Furthermore, the leading DeFi token on XRPL, TokenCTF, is forecasted to experience a dramatic rise from 0.49 XRP to an impressive 374.25 XRP. This surge is expected to push its market cap beyond $10 billion, presenting a compelling investment opportunity.
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