XDRIP Development News and Updates
Our dev team has been hard at work, and we’re excited to share some updates with you. The highly anticipated, extremely limited Medals of Honor NFT collection is progressing nicely, and we can’t wait to share it with our family and community. Our Marketplace progress is good and shaping up to be the next Opensea of the BSC. We recently released our community appreciation video, and we invite you to keep watching for the next release. Our graphics and animation department is second to none, and you can bet that there is a first-person shooter and a Hollywood game movie in our future.
Crypto Market News
Bitcoin and Ether are both showing positive momentum as Bitcoin opens the Asia trading week up 1.3% at $28,383, while Ether is up 0.5% to $1,863. The CoinDesk Market Index, a measure of the overall crypto market’s performance, is up about 1%.
Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk that the market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner. He added that a correction toward $25,000 wouldn’t break the bullish structure, whereas a move to $30K is likely to face resistance. Ether’s relatively flat performance may allay fears that the Ethereum blockchain’s Shanghai software upgrade, scheduled for mid-week, will bring selling pressure.
Europe Tops World for Crypto Startups
A new study by web3 investment firm Rockway listed 3,977 cryptocurrency and web3 startups as having their headquarters in Europe, with London coming out on top as the crypto hub of Europe in terms of venture capital investment in 2022, with $1.6bn (£1.3bn) invested in 2022.
Europe has more crypto startups than any other region in the world, with London leading the way as the crypto hub of Europe. The continent accounted for 20% of total global early-stage crypto startup funding, highlighting the region’s growing interest in the world of crypto.
However, it’s important to note that the study failed to include that the UK ranks as one of the lowest in Europe for percentage of crypto ownership amongst the population. For London to truly become a crypto hub beyond just venture capital backing, we must encourage greater integration through awareness and education at a policy level.
Crypto Payment Gateway Market Expected to Grow
According to a report titled ‘Crypto Payment Gateway Market,’ the crypto payment gateway market was valued at $1 billion in 2021 and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 18.7% from 2022 to 2031. The growth of the crypto payment gateway market is fueled by the growing adoption of cryptocurrencies globally. However, the market’s expansion is likely to be hampered by the instability of the payment gateway software and lack of awareness about the benefits offered by cryptocurrency payment apps.
US-EU Trade Tensions
The US and EU are negotiating a limited critical minerals deal that may put a salve on simmering tensions, but Washington’s protectionist agenda is still causing anxiety in Brussels, where the US needs help pressuring China. The Biden administration remains fixated on China and shows far less interest in discussing ways to enhance transatlantic trade cooperation, according to an EU official.
Stay up to date with the latest news and developments regarding our XRP reward token XdRiP, be sure to follow us on our social media channels and subscribe to our YouTube channel.
As always, our dev team is 200% focused on making all of our family wealthy through our passive income projects. We love and appreciate our family/community and can’t wait to see how we grow together.
Join us as we continue to “bring the power of community and relationship to the world of passive income.”
