The analysis of the cryptocurrency world continues. Assets covered are Ripple, XRP, Monero and Gala. News, prices and market statistics are analyzed.
Cryptocurrencies Ripple XRP, Monero, Gala price and market statistics
Ripple (XRP) is currently trading at $0.57 and has a market cap of approximately $32.1 billion. Trading volume in the last 24 hours reached $807.8 million, highlighting the massive interest in the market.
With a circulating supply of 56.1 billion XRP, the cryptocurrency maintains a significant position in the space. Investors hold XRP for an average of 84 days, indicating a moderate commitment to the cryptocurrency. Currently, Ripple occupies the seventh place in terms of popularity among cryptocurrencies.
Monero (XMR) is currently trading at $153.82 with a market cap of approximately $2.8 billion. Trading volume in the last 24 hours reached $64.4 million, showing relatively moderate activity compared to other major cryptocurrencies. Monero has a circulating supply of 18.4 million XMR, maintaining a limited supply that contributes to its market value.
Although its current price is well below its all-time high of $517.62, Monero continues to be prized for its unique privacy and anonymity features, making it a popular choice among those seeking secure and private transactions in the cryptocurrency world.
Gala (GALA) is currently trading at $0.0173 with a market cap of approximately $587.1 Million. Trading volume over the last 24 hours reached $92 Million, reflecting consistent interest from traders and investors.
The circulation volume has reached 34 billion GALA, a large amount that will contribute to widespread distribution in the market.
Currently, Gala ranks 94th among cryptocurrencies in terms of popularity, indicating that it has a significant presence in the space but is not dominant.
Ripple will introduce secure gold and silver onto the XRP ledger.
In 2024, Ripple will introduce secure gold and silver tokens on the XRP ledger (XRPL), taking a significant step towards integrating physical assets into the cryptocurrency world.
The move is part of Ripple's broader efforts to expand the capabilities of its blockchain network to provide not only fast and efficient digital transactions, but also the ability to tokenize and trade tangible assets such as precious metals.
The introduction of gold and silver on XRPL could revolutionize the way these assets are traded, reducing costs and allowing for near-instantaneous transactions compared to traditional methods. Additionally, these digitized assets have the potential to attract a wide range of investors, from those seeking a safe haven for their capital to those interested in the flexibility and speed that blockchain offers.
With this move, Ripple positions itself as a bridge between the worlds of traditional finance and the emerging world of cryptocurrencies.
Kokomo di Gala Games Enters Web3
In 2024, Gala Games Release Kokomois a new Web3 game after completing a large funding round from angel investors. The project represents a significant expansion into the world of blockchain gaming, combining the immersion of traditional games with the ownership and decentralization offered by Web3 technology.
Kokomo features the integration of unique digital assets that players can own, trade and use in-game, increasing community engagement and value. The backing of angel investors has enabled Gala Games to accelerate the development of the game, bringing new features and improvements that will set a new standard in the decentralized gaming space.
Kokomo aims to be a home base for gaming enthusiasts looking for new experiences in the growing Web3 ecosystem.
