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CoinField’s initiative employs the XRP Ledger powered by Ripple; analysts predict massive move

Bitcoin

CoinField is an exchange that has decided to step into the game involving traditional assets typically used for investments. The CEO of this platform Bob Ras mentioned the arrival of “Sologenic” which shall be launched very soon.

This network will use the XRP Ledger to facilitate speedy trading for stocks, fiat, ETFs, and so on. This will undoubtedly attract a ton of institutional interest, which may help $XRP soar towards the $0.5 mark. Adoption is the main goal, and Ras stated that XRP will benefit greatly as a result of this move.

SOLO will be a cryptocurrency that shall be unleashed shortly. Alongside XRP, these units can also be used for similar purposes by traders [i.e. to act as a medium].

XRP is ranked at #3 underneath Ethereum in the market. The trading volume recorded stands at roughly $1.637 billion, while the supply has 43,166,787,298 XRP coins in play, which leads me to believe that another dump has influenced the digital currency. In the course of the past 24-hours, the price declined at a rate of 2.03% which brought XRP all the way down to $0.289479 where it presently rests. The total market cap of XRP amounts to $12.495 billion.

Considering the fact that $XRP has performed quite well during the last couple of weeks, growth beyond $0.3 doesn’t seem to be an unlikely outcome. But for such an occurrence to impact the virtual currency, buyers are crucial.
Check out this video shared by Bob via Twitter:

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.