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Bonk Forecast and the Rise of the Next Big AltCoin

Blocksight Staff

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Bonk Forecast and the Rise of the Next Big AltCoin

 

Profitable crypto investors know that to be on top of their game, they must keep up with the fast-moving market. They are always looking out for the next altcoins with huge potential that can deliver mind-blowing ROI to their portfolio.

Currently, the BONK meme coin is where the attention is. But while the coin has recently turned a few hundred dollars into thousands for some crypto investors, crypto experts have identified another altcoin, Pikamoon, with a bigger potential. Pikamoon is a token with the massive potential to outshine the growth of BONK, even though BONK memecoin is quite popular among investors. However due to its rich utility, $PIKA could deliver significant returns for investors come its launch on several crypto exchnages on Friday March 22nd.

In this article, we will explore a price prediction of BONK, and explore why Pikamoon is considered to have huge potential in the cryptocurrency market. Keep reading to learn more about this exciting investment opportunity.

Bonk Forecast & the Rise of the Next Big AltCoin

BONK is making waves in the cryptocurrency market as the first-ever dog-themed coin on Solana. Since its launch on December 25, 2022, BONK has stood out with its unique features and community-driven approach.

At its core, BONK is all about inclusivity and community involvement. By distributing a significant portion of its tokens to Solana users, including artists, creators, and developers, BONK ensures that everyone has a fair chance to be part of the project’s growth.

This approach has sparked significant interest and trading activity, making BONK one of the most traded tokens on Solana-based decentralized exchanges. With its value skyrocketing by over 2,000% in just a week after listing, BONK has become a standout performer in the crypto market.

Beyond its impressive price gains, BONK has shown its versatility by integrating into various aspects of the Solana ecosystem. With over 350 on-chain integrations developed by the community, BONK has become a key player in powering decentralized applications and NFT collections on Solana.

As at press time, the current price of Bonk (BONK) is $0.000031, with a 24-hour trading volume of $421,299,979. Over the past year, BONK has seen remarkable growth, surging by 6477.4%. In the last 14 days alone, it has grown by 125%, showcasing its fast growth in the market. However, in the last 7 days, BONK has experienced a decline of 25%.

Despite this recent dip, BONK remains a prominent player in the cryptocurrency space. It holds the #62 ranking on CoinMarketCap, with a market cap around $2B. The circulating supply of BONK coins is 65,191,332,386,576, with a maximum supply of 93,526,170,019,115 BONK coins.

With the price of Bonk (BONK) at an all time high, many are also looking for expert’s opinions on Bonk’s price predictions, so they can make decisions about their investments.

If you missed out on BONK’s early success, don’t worry! Keep reading to learn about how you can best position yourself for the next bull run via Pikamoon ($PIKA).

Why is BONK Price Skyrocketing?

The soaring price of Bonk is attributed to a variety of positive factors. Firstly, the broader cryptocurrency market is experiencing significant growth, with major cryptocurrencies like Bitcoin and Ethereum leading the way. This bullish market sentiment has spilled over into coins like Pikamoon ($PIKA) and BONK, driving up its price as investors flock to promising altcoins.

Moreover, upgrades and enhancements to the Solana blockchain, on which Bonk is built, are bolstering investor confidence and attracting more attention to the coin. As Solana continues to improve its network capabilities, Bonk benefits from increased utility and adoption, further fueling its price surge.

The continuous development and expansion of the Bonk ecosystem are also contributing to its price appreciation. With new features, partnerships, and integrations being rolled out, Bonk is becoming increasingly valuable to users and investors alike, leading to a surge in demand and price.

Furthermore, the introduction of vesting tokens is limiting the immediate availability of BONK, creating scarcity and driving up its price. This controlled supply dynamics are amplifying the upward trajectory of Bonk’s price, making it an attractive investment opportunity.

Lastly, favorable regulatory developments and increased adoption of cryptocurrencies are providing a supportive environment for Bonk’s growth. As regulations become clearer and more favorable towards digital assets, investor confidence in Bonk and other cryptocurrencies is bolstered, leading to sustained price appreciation.

What’s Next For Bonk? Bonk Meme Coin Forecast

Bonk price chart showing significant growth and fluctuations in the USD value over time.

The journey of BONK’s price has been quite eventful lately, especially since the beginning of 2024. It’s seen a massive surge, but now it’s in a phase of correction. Currently, it’s down about 35% from its all-time high and is swiftly approaching a key support level near $0.000024.

If BONK manages to find support around this level and attracts more buyers, it could regain its bullish strength and revisit its previous high. However, if it fails to find support and closes below this level, we might see more investors deciding to take profits. This could lead to increased selling pressure, potentially pushing BONK’s price down to the next support level around $0.000016.

Despite these fluctuations, there are positive indicators to consider. The Relative Strength Index (RSI), currently at 63%, shows higher bullish strength. Additionally, the growing number of holders suggests a continued bullish momentum for BONK.

While a recovery to previous highs would represent a significant 92% gain, investors seeking even greater returns might want to explore Pikamoon as the next meme coin poised for a potential parabolic surge.

Meet Pikamoon, The Next Altcoin Set for Launch on March 22nd

Illustration of Pikamoon Arena, the virtual gaming environment of Pikamoon cryptocurrency

There are several hundreds of cryptocurrencies and identifying the next big thing can be a challenge. But for those who have been closely following the market, Pikamoon (PIKA) has emerged as a standout contender poised for a parabolic run.

Pikamoon is not your average altcoin – it’s a project with a vision to revolutionize the GameFi market and redefine the way we experience gaming in the blockchain era. With a dedicated team of developers and a passionate community backing its every move, PIKA is primed to reach new heights when it launches across crypto exchanges on March 22nd at just $0.0007.

The journey of Pikamoon began with an explosive presale that raked in over $1.4 million in sales within a week. This unprecedented demand is a proof to the project’s potential and the excitement surrounding its imminent launch on major centralized exchanges (CEXs).

What sets Pikamoon apart from other altcoins is its unique combination of memecoin hype and tangible utility in the gaming space. While memecoins like BONK, WIF, and PEPE have gained the market’s attention with their rapid price pumps, Pikamoon offers something more – a real product with real-world applications.

 

 

The Pikamoon team has been hard at work building an open-world metaverse through its in-house games development team. This ambitious project aims to create a gaming experience like no other, where players can immerse themselves in a virtual world powered by blockchain technology.

But Pikamoon is not just about gaming – it’s about community. With over 15,000 holders and 7,500 beta players already on board, the project has already cultivated a vibrant ecosystem of supporters who are passionate about its success.

With a market cap of just $10 million at launch next week, Pikamoon has the potential to skyrocket in value, much like industry giants Axie Infinity (AXS), Illuvium (ILV), and The Sandbox (SAND) did during the 2021 bull market. And with a fully doxxed team and a transparent development process, investors can trust that Pikamoon is in good hands.

Pikamoon is not just a memecoin – it’s a force to be reckoned with in the world of GameFi. With its innovative approach to gaming and a passionate community driving its growth, Pikamoon is poised for a parabolic run that could redefine the altcoin landscape.

Don’t miss out on this opportunity to be a part of something special – join the Pikamoon revolution today. Visit its website to access links to their social media, where via platforms like X and Telegram, you can receive real-time updates regarding the token’s CEX launches on March 22nd.

Why Pikamoon is the Next Altcoin to Buy For Huge Returns

Illustration of Pikamoon Arena, the virtual gaming environment of Pikamoon cryptocurrency

  1. Perfect Timing: The launch of Pikamoon (PIKA) couldn’t come at a better time, coinciding with the next anticipated bull run in the crypto market. As Bitcoin halving, ETFs, and other factors fuel the market’s momentum, PIKA stands ready to benefit from the upward trajectory.
  2. Global Influencer Support: Pikamoon has garnered significant attention and support from global influencers, contributing to its pre-sale momentum and generating anticipation for its official launch. With influencers backing PIKA due to its robust community and tangible product offerings, the stage is set for huge growth.
  3. Hybrid Memecoin with Real-World Utility: Unlike traditional memecoins, Pikamoon offers a unique combination of meme-driven excitement and real-world utility through its GameFi features. This hybrid model ensures that PIKA holders can enjoy the best of both worlds, benefiting from meme-driven price pumps while also leveraging the utility of GameFi projects.
  4. Similarities with GameFi Giants: PIKA shares striking similarities with successful GameFi projects like Illuvium (ILV) and Axie Infinity, both of which have achieved billion-dollar market caps. With a fully doxed team, transparent development process, and ambitious roadmap, Pikamoon aims to replicate the success of these industry giants in the GameFi space.

 

  1. Unprecedented Growth Potential: With a market cap of $10 million at launch, Pikamoon presents an exciting opportunity for investors to capitalize on exponential growth potential. Similar to SandBox (SAND), Illuvium (ILV), and Axie Infinity (AXS) during the 2021 bull market, PIKA has the potential to achieve staggering returns as it gains traction in the market.
  2. Early Entry Advantage: Investing in PIKA on the day of its launch (or there abouts) offers early adopters the chance to secure significant returns before the coin’s price surges. By joining the Pikamoon community and staying informed about its development, investors can position themselves strategically to maximize their returns in the long term.

  1. Community Backed and Driven: Pikamoon boasts a thriving community of over 15,000 holders and 7,500 Beta players. This strong community support, combined with Pikamoon’s in-house game development team and transparent governance structure, ensures that the project remains responsive to the needs and feedback of its stakeholders.
  2. Participation in the Metaverse: Pikamoon’s ambitious vision includes the development of an open-world metaverse through its in-house game development team. Similar to Sky Mavis, the developers behind Axie Infinity, Pikamoon aims to create a vibrant virtual ecosystem where users can engage in immersive gaming experiences and interact with digital assets.

With its unique blend of memecoin excitement and GameFi utility, backed by a strong community and transparent development process, PIKA offers unparalleled growth potential in the evolving crypto space.

How You Take Advantage of Pikamoon’s Potential Surge

Illustration of Pikamoon's water-themed virtual environment, showcasing the immersive gaming experience of Pikamoon cryptocurrency

Here’s how you can actively participate in Pikamoon’s growth and prepare for its launch on exchanges:

  1. Stay Informed: Keep an eye out for announcements regarding the token generation event and token launch on March 22nd – as of course, these will be your gateways for getting in early. Stay updated through the project’s official channels, including social media, forums, and newsletters.
  2. Join the Community: Engage with like-minded individuals on official platforms such as social media channels, forums, and Discord groups dedicated to Pikamoon. By staying connected, you’ll be the first to know about important updates and developments.
  3. Hold Your PIKA Tokens: Demonstrate confidence in the project’s potential by continuing to hold onto your PIKA tokens. Whilst encouraging  others to do the same, you will also be able to stake your PIKA for even more rewards.
  4. Spread the Word: Share information about Pikamoon and its upcoming launch on exchanges on social media, forums, and other platforms. Help raise awareness and attract more investors to the community.

By following these steps, you can actively participate in Pikamoon’s growth journey and maximize the potential of your investment in PIKA. Join the community, stay informed, and spread the word – together, we can build something extraordinary with Pikamoon.

BONK or PIKA to $1: FAQ

Bonk Price Prediction 2024:

In 2024, the average rate of BONK is forecasted to hover around $0.000025. This prediction considers various market dynamics and trends that could impact BONK’s value during this period.

Additionally, the projected minimum and maximum prices for BONK in 2024 are estimated to be approximately $0.000023 and $0.000026, respectively. While these projections offer insights into potential price movements, investors should exercise caution and conduct thorough research before making investment decisions.

Bonk Price Prediction 2025:

Looking ahead to 2025, analysts project a minimum price of approximately $0.00005 for BONK, with the maximum price reaching around $0.000063.

On average, BONK is expected to trade at around $0.000057 throughout the year. These forecasts indicate potential opportunities for investors but also underscore the importance of monitoring market conditions and conducting due diligence.

What is Bonk Price Prediction for 2026:

In 2026, analysts anticipate a minimum price of approximately $0.00007 for BONK, with the maximum price expected to reach around $0.00009. The average trading price for BONK in 2026 is projected to be about $0.000081.

These projections highlight the potential for BONK’s price to experience fluctuations and emphasize the need for investors to stay informed and adaptable.

What is Bonk Crypto Price Prediction for 2027:

For 2027, cryptocurrency analysts foresee a potential decrease in the minimum price of BONK to approximately $0.000097, with the maximum price reaching up to $0.00014. The average trading price is estimated to hover around $0.000121.

These projections suggest continued volatility in the cryptocurrency market and underscore the importance of risk management strategies for investors.

What is Bonk Price Prediction for 2028:

In 2028, BONK’s projected prices include a minimum estimate of around $0.000140 and a maximum expectation of approximately $0.000171. The average trading price for BONK in 2028 is anticipated to be about $0.000154.

These forecasts provide insights into potential price movements but also highlight the need for investors to remain vigilant and adaptable in response to market dynamics.

What is Bonk Price Prediction for 2029:

Looking further ahead to 2029, analysts anticipate an average price of approximately $0.000219 for BONK, with potential fluctuations leading to a minimum drop to around $0.000213 and a surge to as high as $0.000243.

These projections underscore the importance of long-term investment strategies and risk management practices for investors.

What is Bonk Price Prediction for 2030:

In 2030, BONK is expected to demonstrate resilience and growth potential, with a projected trading range spanning from $0.000297 to $0.000368. The average price of BONK throughout 2030 is estimated to be approximately $0.000306.

These forecasts provide valuable insights for investors but also highlight the need for continuous monitoring and adaptation to evolving market conditions.

Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.

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We are the editorial team of Blocksight, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Blocksight, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

On-chain data confirms whales are preparing for altcoin surge with increased buy orders

Blocksight Staff

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ChatGPT suggests top 5 altcoins under $0.01 for $1,000 investment

Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.

In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.

Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.

Screenshot 2024 08 01 at 110319

Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.

According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.

Buying pressure on specific altcoins

Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.

Screenshot 2024 08 01 at 110533Screenshot 2024 08 01 at 110533

Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.

Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.

Bitcoin whales are also buying

It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.

From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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How to buy a car with cryptocurrency

Blocksight Staff

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How to buy a car with cryptocurrency

The automotive and cryptocurrency industries have been merging for the past few years. As digital currencies become more prevalent in everyday activities, it is increasingly likely that they will be integrated into everyday transactions, such as when buying a car. The article unpacks the dynamic relationship between cryptocurrency and car buying today, explaining how digital currencies can be used to buy a vehicle today. It includes elements such as some of the benefits and challenges of buying a car using cryptocurrency and what lies ahead in the future.

Understanding Cryptocurrency Payments in the Automotive Industry

Cryptocurrency is not just a digital asset; it represents a revolutionary approach to decentralized financial transactions. The automotive industry, known for its adaptability, has begun to accept cryptocurrencies as a legitimate form of payment in various markets. For example, luxury car dealerships and online platforms offering car auctions in new york increasingly allow buyers to purchase cars using cryptocurrencies.

There are several factors that determine how much cryptocurrency you need to buy a car. Among them, the most influential will be the current value of the cryptocurrency you want to use at that moment. Unlike traditional currencies, cryptocurrencies can be very volatile. Their value can change drastically in an instant, which affects the amount needed at the time of purchase.

Benefits of Buying Cars with Cryptocurrency

Buying cars with cryptocurrencies offers several advantages:

– Reduced transaction fees: Cryptocurrencies can reduce the fees involved in large financial transactions typical of car purchases.

– Enhanced Privacy: Buyers who value their privacy can benefit from anonymity through blockchain-based transactions.

– Speed ​​and convenience: transactions are faster than those carried out by banks, especially when the operation has an international scope.

Challenges and considerations

Although the benefits are compelling, several challenges must be considered:

– Volatility: At one moment, the price of any cryptocurrency can collapse, or the next minute it can skyrocket, and the price needed to buy a car can double or triple from one day to the next.

– Limited acceptance: Not all dealers accept cryptocurrency, which in turn may limit its use for making purchases.

– Tax implications: This may create different tax implications on purchases via cryptocurrency, depending on your jurisdiction.

Practical steps to buy a car with cryptocurrency

If you want to use cryptocurrency to buy a car, follow these steps:

  1. Ensure Acceptance: Check if the dealer or auction accepts the use of cryptocurrency.
  2. Check the conversion rate: You need to know how much your cryptocurrency is currently trading at compared to the price of the car in fiat currency.
  3. Secure your funds Make sure your digital wallet is secure and funded.
  4. Know the terms: Be informed and be clear about return policies as well as any additional fees incurred.
  5. Complete the transaction: Continue the payment via the digital wallet.

Future prospects

There is a good chance that many car dealerships will start accepting digital currencies, especially when blockchain technology pushes the boundaries and cryptocurrencies become stable. This trend is expected to be propelled forward due to the increasing demand for transparency, security, and efficiency in transactions.

Conclusion

The potential for cryptocurrencies to have a real impact on the car buying process is enormous. Of course, there are a few issues that emerge when considering the current market, including volatility and limited acceptance. However, the benefits of using digital currency to execute such transactions can easily outweigh the drawbacks for many buyers. As both sectors continue to grow, buying cars with cryptocurrencies shows a promising future and therefore creates a more connected and developed technological automotive market.

This means that buying a car, whether in cryptocurrency or in another form, is not just about following technological trends; it is rather about enjoying greater freedom and efficiency in financial transactions. Indeed, the closer the digital and automotive worlds become, the more buyers should expect simpler, much safer and also very innovative ways of purchasing.

Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Altcoins

Introducing Bit-Chess. The World’s First Fully Decentralized Chess Platform

Blocksight Staff

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Introducing Bit-Chess. The World's First Fully Decentralized Chess Platform

Bit-Chess announces the pre-sale of the world’s first fully decentralized chess platform, combining the classic strategy game with the innovative world of cryptocurrencies. This platform will change the way millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-win mechanics.

Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users get started with cryptocurrencies by creating in-game wallets upon first login. It is the first chess game to use Web3 technology, and all participants can earn money while playing.

During the presale, 500 of the 2,000 special NFTs will be available, with the rest distributed through tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000 pieces. More information about the NFT marketplace will be released after the token’s official launch.

The platform aims to become the world’s leading online chess center, offering:

Play to win features.

Global tournaments with cash or NFT prizes.

Player versus player challenges

Special NFTs and more

Bit-Chess invites players from all over the world to join its unique ecosystem, where playing chess is more than just entertainment: it’s an opportunity to earn and learn in the world of crypto.

For more information and to participate in the presale, Visit the Bit-Chess website.

Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Here’s the price of XRP if it handles 10% of SWIFT transactions

Blocksight Staff

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Here's the price of XRP if it handles 10% of SWIFT transactions

Popular community figure Amélie predicts a massive increase in the price of XRP if its underlying network, XRPL, is used to process 10% of all SWIFT transactions.

In a recent article on X, Amélie took on SWIFT (Society for Worldwide Interbank Financial Telecommunication), suggesting that XRP is a better alternative for cross-border settlements.

Ripple claims Swift is not fast enough

In a recent post on X, the community personality called attention to a Ripple ad claiming that “Swift isn’t fast enough.” The remark was a subtle criticism of Ripple’s transaction processing speeds for the global financial messaging giant.

Interestingly, Ripple has recommended financial institutions to adopt its solution to instantly transfer value across borders.

Amelie compared the processing speed of SWIFT and XRP transactions. According to community figures, cross-border transactions on SWIFT typically take between three and five business days. Conversely, Amelie claimed that XRP transactions can be completed in four seconds.

After the analysis, Amélie echoed Ripple’s sentiments, pointing out that SWIFT is not fast enough compared to XRP.

XRP to Surpass $1,000 if it handles 10% of SWIFT transactions

Therefore, enthusiasts have speculated that all SWIFT transactions will eventually be processed through the XRP Ledger (XRPL), the underlying blockchain of the XRP token.

Interestingly, she suggested that the price of XRP could surpass $1,000 per token if 10% of all SWIFT network transactions were processed through XRPL. However, Amelie did not provide details on how XRP could reach this milestone.

Can XRP replace SWIFT?

Several cryptocurrency enthusiasts have compared XRP to SWIFT in recent years. In particular, the famous crypto asset manager Grayscale characterized XRP as an alternative to SWIFT. Notably, some users have taken this comparison further by projecting that XRP could eventually replace SWIFT because of its inefficiencies, including slow transaction processing.

The potential replacement of XRP with an established system like SWIFT would require more than just community support. Factors such as the final resolution of the SEC lawsuit, increased institutional adoption of XRP, and large-scale commercial partnerships leveraging Ripple’s payment solution could play a critical role in XRP’s potential replacement or integration with SWIFT.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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