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According to crypto investor Jeff Dorman, XRP is an “insanely overvalued asset”, deriving its entire worth from social capital rather than fundamental utility or financial performance. “Because there is no financial value, there is no utility value, it’s 100% just social value,” Dorman stated during a recent YouTube discussion. Despite his critical assessment, Dorman acknowledges that social capital shouldn’t be dismissed as a value driver. Drawing parallels between XRP and GameStop, he points out that both leveraged strong community support and brand recognition to create opportunities in the absence of traditional fundamentals. “It’s not worthless. I can’t define what it’s worth, but it’s not worthless because it’s basically just a really, really expensive call option on what it could be in the future based on the fact that it has cornered that social value,” Dorman explained. Ripple has managed to position itself as synonymous with institutional blockchain technology adoption, with CEO Brad Garlinghouse and his team continuing to push XRP as the solution to institutional finance and cross-border payments even as the real-world usage of XRP for these purposes remains minimal. Dorman likens Ripple’s approach to a “fake it until you make it” strategy, suggesting that possessing sufficient market faith and capital would potentially create actual usefulness in the end. Related: XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum? For investors, this makes XRP especially hard to value. Ordinary metrics don’t factor in the reason why XRP is so valuable today, but excluding social value altogether could be overlooking a real asset class. Dorman admitted that he personally avoids investing based on social value “because I can’t figure out what that’s worth,” yet he still acknowledges it as a legitimate type of value. As XRP weathered its price path through ETF speculation and regulatory news, market participants are faced with the fundamental question of whether Ripple can convert its considerable social capital into enduring financial value. If so, early adopters may be justified. If not, XRP’s valuation may eventually be forced to undergo a harsh reality check against actual utility and adoption numbers. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The world of decentralized finance (DeFi) is constantly evolving, with new protocols and stablecoins emerging to reshape how we interact with digital assets. A recent development has caught the attention of the crypto community: a significant test transfer involving StakeStone, a prominent omnichain liquidity infrastructure, and USD1 stablecoin, a project by World Liberty Financial. This event, while seemingly small in value, carries considerable weight and potential implications for the future of both projects and the broader DeFi integration landscape. According to on-chain analysis shared by @EmberCN on X, the deployer address associated with StakeStone recently received a test transfer of 10,000 USD1 stablecoin tokens. What makes this transaction particularly noteworthy is the source: the official custody address of World Liberty Financial’s USD1 project. This isn’t just a random transfer; it’s a direct interaction between the official stablecoin issuer and a leading liquidity infrastructure provider. This type of on-chain activity is often a precursor to deeper collaboration or integration between protocols. Test transfers allow projects to verify addresses, confirm transaction flows, and prepare the groundwork for more substantial interactions, such as minting, burning, or liquidity provision mechanisms. The core speculation arising from this test transfer, as highlighted by @EmberCN, is that StakeStone could be positioned to become the first DeFi protocol minting service provider for USD1. If true, this represents a significant step for both entities: This potential DeFi integration could pave the way for USD1 to gain traction and utility beyond its initial scope, leveraging StakeStone’s infrastructure to ensure seamless flow and accessibility across different blockchain networks. StakeStone positions itself as an omnichain liquidity infrastructure. In simple terms, this means it aims to provide seamless and efficient ways for users and protocols to access and utilize liquidity across multiple blockchain networks. By abstracting away some of the complexities of cross-chain interactions, StakeStone seeks to create a more unified and liquid DeFi environment. A partnership where StakeStone helps facilitate the minting and distribution of a stablecoin like USD1 directly aligns with this mission, potentially enhancing the utility and reach of both assets. If the speculation holds true and StakeStone becomes a key minting partner for the USD1 stablecoin, several benefits could emerge: This potential collaboration is a prime example of how protocols in the DeFi space seek strategic partnerships to expand their reach and utility, driving innovation in the process. Stay tuned for more crypto news regarding this developing story. While the 10,000 USD1 transfer is currently just a test and the speculation about StakeStone being the first minting partner remains unconfirmed by official announcements, it’s a strong indicator of potential future developments. The crypto community will be watching closely for: This news highlights the dynamic nature of the DeFi ecosystem, where even seemingly small on-chain transactions can signal significant strategic moves. The potential collaboration between StakeStone and USD1 could be a notable development in the ongoing effort to build robust, cross-chain liquidity infrastructure and expand the utility of stablecoins. This piece of crypto news underscores the importance of monitoring on-chain data and analyst insights to stay ahead in the fast-paced world of digital assets. The coming weeks and months should reveal whether this test transfer blossoms into a full-fledged partnership that reshapes the landscape for both StakeStone and the USD1 stablecoin. The recent 10,000 USD1 test transfer from World Liberty Financial’s official custody address to StakeStone’s deployer is more than just a transaction; it’s a potential signal of a significant upcoming DeFi integration. With StakeStone’s focus on omnichain liquidity infrastructure and USD1’s ambition as a stablecoin, a partnership could unlock new levels of utility and accessibility for both. While speculation currently drives the narrative, the on-chain evidence suggests that StakeStone may indeed be positioning itself as a key partner for the USD1 stablecoin, potentially becoming its first DeFi minting service provider. This is a developing story in the world of crypto news that warrants close observation as the DeFi ecosystem continues to build and connect across chains. To learn more about the latest DeFi integration trends, explore our article on key developments shaping liquidity infrastructure adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

@dingalingts give me feedback for whether you want me to burn the 50% or look into doing some type of mass airdrop to the SOL eco w/ it

While the crypto market digests the calm following the halving, a technical setup quietly attracts attention: the XRP/bitcoin pair could jump by 30 %. Far from a simple bullish scenario, this signal relies on a marked tightening of the Bollinger bands, often a precursor to sharp movements. For traders, this type of compression is never insignificant. It often heralds a resurgence of volatility, in one direction or another. This time, all indicators converge towards a possible surge. The XRP/BTC pair is currently trading in a characteristic compression zone, highlighted by the behavior of the Bollinger bands. Indeed, the chart shows XRP around 0.00002292 BTC, while the upper band, defined as a potential resistance level, is at 0.00003079 BTC, a bullish gap of nearly 30 % relative to bitcoin. This situation does not go unnoticed. The Bollinger bands have considerably narrowed on the XRP/BTC chart. This type of contraction generally forewarns an imminent breakout. It is a rare phenomenon but historically a harbinger of sharp movements. This setup attracts attention for several fundamental technical reasons : So many elements which, combined, draw a tight technical scenario where the slightest impulse could trigger a significant movement, in either direction. Beyond the technical analysis, this phenomenon also draws attention for what it could trigger in terms of strategic repositioning on the market. If XRP were to convincingly break the resistance at 0.00003079 BTC, it could create a vacuum. A clear breakout of the upper bound could trigger new buying pressure on the pair against bitcoin. Indeed, a successful breakout would create a new speculative dynamic, likely attracting capital seeking performance, notably at the expense of pairs considered too stagnant. This rotation phenomenon is not insignificant. It occurs in a general climate where altcoins struggle to regain market favor, and where positions are opportunistic. The tightening observed on the XRP/BTC pair thus constitutes a potential catalyst for a targeted recovery, especially since liquidity remains abundant and the crypto maintains high visibility. Moreover, the rarity of this type of configuration, where the Bollinger bands tighten to this extent, increases the probability of a strong directional move. Thus, such technical setups generally attract attention. They often lead to a quick movement, whether bullish or bearish. If this bullish breakout were confirmed, it could mark the return of XRP as a dynamic player in the altcoin season. It would also offer a tactical window for traders aiming to anticipate correlation breaks between major pairs. Conversely, the failure of such a breakout would expose the XRP/bitcoin pair to a violent correction , given the current accumulation. In either case, this setup deserves very close monitoring, as it could become a trend indicator for the weeks to come.

I just found this coin on another exchange ! What type of coin is that 🤔 And can you guess its name..?