Miyerkules, Oktubre 16, 2024

Whales Bought Millions of Tokens, Will XRP Price Increase in the Upcoming Week?

  

In the past few days, many big investors (whales) have bought XRP tokens. Is this a sign that the XRP price will soon be bullish in the upcoming week? Here is the analysis.

XRP tokens seem to be selling well among whales in the last few days. Many whales are buying up large amounts of XRP coins. Because of this activity, many predictions that XRP price could experience an increase in the following week.

Is that true? Read this article until the end. We will explain in detail the current condition of the XRP price and the movements of large investors in the XRP ecosystem.

Emergence of the New Whale XRP

In the data written in on-chain data, it is stated that there were large-scale transactions of XRP tokens. A total of 104 million XRP tokens with a value of more than $55 million were moved.

Unfortunately, the whale's identity has not been traced so the Whale Alert blockchain tracking tool only shows the amount of XRP tokens moved. This activity automatically creates a new whale for the XRP token.

XRP Price Chart Today

Today's XRP price increased by +1.21% so it is currently trading at $0.5398. In the last 24 hours, XRP was at its highest price level, namely $0.5418.

The indicators in the XRP price chart above show positive signs, starting from RSI, and MACD, to Balance of Power or BoP.

The current RSI value of XRP is 56.95, which means the buying trend is more dominant than the selling trend. This is similar to the data in the BoP figures where it is currently at positive 0.37 so the market is dominated by a buying trend with conditions that could be bullish in the near future.

The MACD line also shows a bullish possibility because it rises from the existing boundary line.

Could XRP Get Bullish in the Near Future?

If you look at the technical analysis above, XRP has a positive bullish possibility in the near future. Moreover, the prediction of #Uptober will also be coming soon in mid-October so the price of XRP can also experience an optimistic increase, like other crypto tokens.

However, the fluctuating nature of crypto prices can also make the XRP graph conditions go the other way. You can check the XRP price in real-time on the Bitrue website to find out the condition of this token according to your needs.

Conclusion

That is an explanation of XRP price analysis by looking at how whales have moved in the last few days. Many whales are buying up XRP tokens in large quantities, which means that the XRP ecosystem is increasingly being discussed with many investors HODLing this token.

For those of you who are also interested in buy XRP tokens, don't just buy without doing research. Please do your own research (DYOR) so that you can carry out the right analysis according to your personal investment needs.

Doing research is very easy when you use the features provided by Bitrue. Real-time price checking feature from XRP to USD You can do it easily without changing websites. Also, find out about the various projects being carried out in the XRP ecosystem by reading articles on the Bitrue blog.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES

Solana Will Soon Reach Level $210, Here Are 3 Proofs

  

Is it true that Solana price will soon reach the $210 level? Check out the analysis in this article because it will explain in detail why Solana could experience an increase in the near future.

Solana has received positive news recently, ranging from an increase in the number of users to the potential for a price increase of hundreds of times. In this article, you will find out that the potential Solana price rise at $210 is true for five reasons that will be discussed.

Check out this article to find out exactly what Solana will look like in the future.

1. Solana Crosses Resistance Level

Solana is predicted to reach the $210 level no later than 2025. One of the conditions for Solana to reach this price is if SOL can pass the resistance level at $148.16.

And surprisingly, Solana can easily reach this resistance level. When this article was written on October 14, the SOL price was trading at $152.92, surpassing the price target of $210.

You can see, several indicators in Solana price chart The above also shows the positive side. SOL's RSI is at 72, far exceeding 50 as the balance limit for buying and selling trends. However, this figure is a sign that Solana is in a phase that is prone to over-buying.

Solana's MACD shows a rise from the boundary line. If it continues like this, Solana's bullish trend will occur. Moreover, the value of the BoP figure is also close to positive with a value of -0.11, which means that although the selling market still dominates compared to the buying market, it will soon be at a positive figure. So, the bullish trend is also optimistic from the existing BoP data.

2. Solana has 100M Active Wallets

Recently, active wallets on Solana reached 100 million users. This number is of course a big achievement for Solana because previously, at the beginning of 2024, the number was only 509,000 active wallets and now it has increased many times.

However, unfortunately, as quoted from Solana Hello Moon, a number of wallets actually have empty balances. The number of empty wallets is not small, but 86 million users. In fact, 15.5 million users only have 1 SOL in their wallets and 1.5 million wallets only have 10 Solana tokens.

Even though many wallets were empty, Solana also saw an increase in active addresses on its network. From the initial number of 3 million active addresses, it increased by 15% and became 3.47 million.

This increase in active addresses indicates that Solana has increasingly strong fundamentals so more investors trust Solana.

3. Popularity of Memecoin in the Solana Ecosystem

Recently, various new meme coins have emerged from the TON network with the Telegram game concept. Despite this, the popularity of meme coins on the Solana network remains superior.

Quoted from Dune Analytics data, Pump.fun, one of the meme coins on Solana, even achieved cumulative revenue of up to $127.8 million. This figure is of course very large.

Conclusion: from #Uptober to Trump's Popularity for Solana

October is always a good month for Solana. This is why Solana token holders are optimistic that SOL will experience a significant price increase shortly.

Not only that, Solana is also predicted to experience a price jump of up to 400x if Donald Trump is elected president of the United States in the next period. This is because Trump's policy of supporting crypto is analyzed as being more likely to benefit Solana. If this happens, Solana could outperform Bitcoin and Ethereum.

If you are interested in buying Solana tokens, don't just buy the token without doing some research. Find out what the current condition of Solana is, the price of SOL to USD, to thoroughly study the fundamentals of this token. That way, you can know what the risks are when investing in this token.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES

Ready or Not, Southeast Asia's Growth is Coming: AI, Health, and Sustainability Edition

  

Southeast Asia's digital economy is on track to surpass $1 trillion by 2030, posing both opportunities and challenges for businesses in AI, health, and sustainability. In this discussion, Kailash Raghuwanshi, a seasoned business strategist, shares insights on how companies can navigate these sectors and turn obstacles into growth opportunities. With a decade of experience across Southeast Asia, Raghuwanshi emphasizes the need for strategic leadership in addressing these challenges

Southeast Asia is at a critical juncture. With its digital economy set to exceed $1 trillion by 2030, businesses across the region face unprecedented opportunities and challenges. From AI innovations to health sector reform, and the pressing need for sustainability, companies are navigating uncharted waters. But surviving and thriving in this fast-paced environment requires more than just innovation—it demands strategic leadership.

In an effort to understand more about the growth, complexities, and opportunities in Southeast Asia, we sat down with Kailash Raghuwanshi, a business strategist who has been deeply involved in the region’s growth and development. Known to many as "Kai," he has witnessed firsthand the challenges businesses face as the market evolves and presents new hurdles, from digital transformation to sustainability demands.

Kailash Raghuwanshi brings a decade-long experience across Southeast Asia, the US, and China. As a New York graduate, his expertise spans leading fintech ventures in Indonesia, managing high-impact joint ventures in Vietnam, and gaining valuable experience as a Director at a Shanghai-based public health venture backed by the Gates Foundation. Kailash’s expertise spans multiple sectors. His ability to guide businesses through growth and change is informed by deep regional knowledge and hands-on leadership experience.

Question: What’s the biggest challenge for businesses in Southeast Asia today?

Kailash: It’s a blend of talent shortages, regulatory hurdles, and climate risk. Indonesia faces a shortage of 600,000 tech professionals annually, while Singapore needs to boost its digital talent pool by 55% by 2025. Climate change adds another layer of complexity, with 25% of the population vulnerable to flooding and other climate disasters. Companies need to be agile and have strong leadership to navigate these intersecting challenges.

Question: AI is a hot topic everywhere. How can businesses start integrating it?

Kailash: AI has the potential to revolutionize industries, but the key is starting small. 35% of businesses in Southeast Asia are already using AI to optimize operations, but those just beginning should focus on areas where AI can make an immediate impact—like streamlining logistics or using predictive analytics to anticipate consumer behavior. Once they see results, scaling AI becomes easier.

Question: As you have worked in health ventures, What are some of the biggest health challenges in Southeast Asia, and how do sustainability and waste management factor into them?

Kailash: Health challenges in Southeast Asia are complex, with 46% of the population lacking access to essential services. Sustainability plays a crucial role in addressing these issues—especially when it comes to waste management in healthcare. Improper waste disposal exacerbates public health risks and environmental degradation. Tackling these challenges requires innovative solutions, like using AI to manage resources efficiently, reducing waste, and ensuring healthcare services reach underserved populations. Businesses and governments need to collaborate to integrate sustainable practices into the health sector for long-term impact.

Question: Climate change is top of mind for everyone. What should businesses do to prepare?

Kailash: Climate resilience is no longer optional. It’s estimated that Southeast Asia’s GDP could drop by 11% by 2100 if we don’t act. Businesses need to integrate sustainability into their core strategies, using AI to predict climate risks, reducing carbon footprints, and building resilient supply chains. Companies that fail to take action now will find themselves behind the curve.

Question: What excites you the most about Southeast Asia’s future?

Kailash: The rapid transformation. By 2025, the region’s digital economy could account for 8.5% of GDP, and we’re seeing new opportunities in AI, health, and sustainability daily. Southeast Asia is uniquely positioned to leapfrog traditional development paths, adopting the latest technologies to drive growth and create solutions that can be exported globally.

A Path Forward: Navigating Growth in Southeast Asia

As Southeast Asia’s digital economy continues to accelerate, businesses face an exciting yet challenging future. Success will come to those who can balance innovation, sustainability, and adaptability. The region offers endless opportunities, but only for those ready to face the complexities head-on, with the right leadership in place.

About SEA innovation Hub (Fractional Hub)

SEA Innovation Hub is a freelance collective of thinkers, writers, and innovators focused on exploring and analyzing Southeast Asia's rapid growth. Established in 2023, the hub produces insightful interviews, articles, and discussions centered on key sectors such as AI, health, and sustainability. With a finger on the pulse of the region’s dynamic changes, SEA Innovation Hub seeks to foster meaningful dialogue on the future of Southeast Asia’s business and technological landscape.

This Press Release has also been published on VRITIMES

Collaboration to Boost Indonesian SMEs and Singaporean Businesses at TEI 2024

  

At the 2024 Trade Expo Indonesia (TEI), Kimming Yap, Managing Director of Creativeans, was one of the keynote speakers at the Indonesia-Singapore Business Forum. The forum aimed to bridge trade relations between the two countries through branding innovation and market expansion strategies.

The Ambassador of the Republic of Indonesia to Singapore, H.E Suryo Pratomo; Vice Minister of Trade of the Republic of Indonesia, Dr Jerry Sambuaga; and CEO of Singapore Manufacturing Federation (SMF), Mr. Dennis Mark, officially opened the forum, expressed support for strengthening trade relations between the two nations. In addition to presenting Indonesia’s economic outlook for the past five years and future projections, they emphasised the importance of cross-border collaboration in expanding Indonesian SME markets and supporting the entry of Singaporean businesses into Indonesia. The event was hosted by Yulia Saksen, while Edmund Ong, CEO of BridgifyAsia, moderated the panel discussion.

In addition to Kimming Yap, other key figures participated in the panel, including Jarius Draslaric, Chairman of the Lifestyle Industry Group (SMF), who discussed the importance of innovation and adaptation in the lifestyle industry for local products to compete internationally. Shoeb Kagda, Chairman of SingCham Indonesia, highlighted the bilateral trade opportunities and synergies between businesses from both countries. Christie Lumban Gaol, Vice President of Corporate Banking at Bank Mandiri, also participated, discussing the role of banking in supporting SME growth through financing and financial infrastructure.

During the discussion, Kimming Yap highlighted the enormous potential of Indonesian SMEs to thrive in the Singaporean market but stressed that the biggest challenge they face lies in branding and packaging. "While many Indonesian products are of high quality and ready to compete, they still need improvements in packaging and branding to be accepted in international markets," said Kimming Yap. Therefore, implementing the right branding strategies is crucial for Indonesian SMEs to compete on the global stage.

Furthermore, Kimming also discussed the vast opportunities for Singaporean companies in Indonesia’s rapidly growing market. "With strategic cooperation and understanding of local consumer behaviour, Singaporean businesses can take advantage of the opportunities to expand their markets in Indonesia," he explained. He also emphasised the importance of partnerships to address logistical and supply chain challenges often faced by local companies in both countries.

The forum was attended by stakeholders and business leaders from Indonesia and Singapore, who together explored opportunities to strengthen trade, build dynamic collaboration platforms, and facilitate dialogue between the two nations, which have shared diplomatic relations for 57 years. According to the latest data, bilateral trade has reached USD 31 billion, with USD 15.4 billion in direct investment from Singapore to Indonesia.

This strategic collaboration is expected to not only open up new market access but also increase the exposure of local products, making them more recognised on the international stage. The innovation mirrors the collaboration between Creativeans and BridgifyAsia, where the two work together to help Singaporean companies access the Indonesian market and vice versa. This partnership provides logistical ease, increased product exposure, and effective branding strategy planning for both parties.

Creativeans is an award-winning brand consultancy and venture studio that has collaborated with global companies based in Singapore, Jakarta, and Milan. With years of experience in international marketing, Creativeans remains committed to adding value to companies in Indonesia and Singapore, supporting their business growth to go international.

This Press Release has also been published on VRITIMES

Martes, Oktubre 15, 2024

Altcoins Get Negative Sentiment from the Crypto Community: Analysis of XRP, ETH, and Solana

Top Altcoin assets are getting negative sentiment from the crypto community. This article will explain the current conditions of XRP, Solana, and Ethereum. Read the explanation until the end whether all three have the potential to increase in price.

Santiment, a crypto analysis company, stated that the crypto community is currently giving negative sentiment toward Altcoins, especially their major assets. However, this provides an opportunity for several major assets to experience price increases. Is that true?

You can see the analysis of several coins, namely XRP, Solana, and Ethereum in this article. The analysis will take the form of reading the price chart at the time this article was written so that you can get additional data to consider before buying these tokens.

Current Crypto Market Conditions

According to data from Santiment, the top 20 Altcoins receiving negative sentiment are:

Currently, the crypto market is experiencing a decline in prices for the majority of its tokens. Large tokens, such as BTC, Solana, Ethereum, XRP, and USDT price are currently in the red zone.

The size of the price drop varies, from -0.03% to Solana's -3.19%. Of course, the reason for this price decline cannot be analyzed using just one indicator because there are many factors, ranging from global economic conditions, and conflicts between countries, to the most recent release of the HBO documentary about the revelation of the figure of Satoshi Nakamoto.

XRP: Potential to Break $12?

XRP Price today it is down by -1.03% so it is trading at $0.5251. Previously, XRP was at its highest price of $0.5345 in the last 24 hours.

XRP's RSI value is below 50 so the selling trend is more dominant than the buying trend. The MACD line is also seen declining. With this data, the decline in XRP prices is natural.

However, the macroeconomic waves that are predicted to occur make XRP look positive for price increases. In fact, XRP holders and the community hope that the price of this token can reach the $12 level.

This high target price could be achieved because currently, XRP is applying for a second XRP-based ETF in the United States. If this ETF is approved, it is likely that XRP will experience a drastic price increase.

Solana: Price Rises if Trump Wins

A giant global banking company, Standard Chartered, predicts that Solana will experience a price increase of up to 5 times by 2025.

This prediction will allow Solana to outperform BTC and ETFs for its total market capitalization. And this prediction could happen if Donald Trump is elected as president of the United States for the next period.

Standard Chartered predicts that by 2025, SOL will rise 5x, ETH will rise 4x, and BTC will rise 3x. This is because the Trump administration with its regulations supports Solana more than all existing crypto assets. 

At the moment, Solana price is experiencing a decline of -3.46% and is trading at $138.05. Even though the percentage decline in SOL is greater than other major assets, the RSI value of SOL is actually at 50.62, which means the buying and selling trends are balanced.

Even though the RSI value is still positive, Solana's MACD line has dropped quite low which predicts a bearish trend could occur in the near future.

Ethereum: ETH Price Rises if Vitalik Buterin Wins Nobel Prize?

Vitalik Buterin is predicted to win the Nobel prize on October 14 as a figure who innovated a new currency. Vitalin Buterin is known as a figure who can revive the blockchain ecosystem and encourage Ethereum as a competitor to Bitcoin.

If the founder of Ethereum really gets the Nobel, Ethereum price can rise because many investors are interested in this cryptocurrency.

Currently, Ethereum is experiencing negative sentiment because its price continues to fall. An increase in the price of ETH did occur, but it did not last long and then immediately decreased again. 

You can see from the price graph above, that ETH experienced a price decline of -2.17%. Currently, the price of Ethereum is $2,382 and was previously at a 24-hour high of $2,472.

Will Ethereum be free from negative sentiment and be able to penetrate the $2,600 level as crypto analysts predict?

Conclusion

That is an explanation of the current conditions of XRP, Solana, and Ethereum. For those of you who are interested in these three coins and want to do more in-depth research, you can check them on the Bitrue website.

You can use Bitrue features for free to check the price of crypto coins and keep up-to-date on the various projects in the crypto ecosystem.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
This Press Release has also been published on VRITIMES

 

Bitcoin and Its Mysterious Creator, Is the Prediction from the HBO Movie True?

Since the HBO documentary about crypto was released, Peter Todd's name has been in the news because he is accused of being the figure behind Satoshi Nakamoto. Is that true? Check out the explanation below.

The mysteriousness of Bitcoin's creator seems to have caught the world's attention. In fact, HBO has made a documentary entitled "Money Electric: The Bitcoin Mystery". In the film, HBO claims that they discovered Peter Todd as the creator of Bitcoin.

Is the prediction true? Why is Peter Todd claimed to be Satoshi Nakamoto? Read the full explanation in this article.

Who is Peter Todd?

Peter Todd is a name that is currently booming after being said to be the figure behind Satoshi Nakamoto, the creator of Bitcoin who until now has never shown his figure to the public. Cullen Hoback, the director of "Money Electric: The Bitcoin Mystery" stated that he had strong evidence for the inclusion of Peter Todd's name. 

The accusations from the HBO film were immediately denied by Peter Todd. He even stated that this accusation was like a joke from a famous director because Satoshi Nakamoto couldn't be him.

Many crypto observers also disagree with this because if you trace it logically, Peter Todd was still in his teens at that time and had still finished school.

Peter Todd even clearly stated that Cullen Hoback could have covered up the facts so that his name would be dragged into this matter.

Betting on Polymarket

Before the HBO documentary was released, a betting project had been circulating on Polymarket. There are many candidates mentioned there as targets regarding the revelation behind the figure of Satoshi Nakamoto who could be mentioned in HBO's latest film.

However, there was no Peter Todd's name in the betting selection. So, when people want to say the name, Peter Todd, they have to choose "Other".

Before the film was released, the bet amount had reached $44 million.

Bitcoin and Its Mysterious Creator

Since its initial appearance in 2009, Bitcoin has taken the financial world by storm, especially digital investment. And since then, Satoshi Nakamoto has never been revealed to the public.

There are allegations that Satoshi Nakamoto is Japanese, as his name suggests, who has lived in England for a long time. The alleged place of residence is because someone has analyzed that some of the words written on White Paper Bitcoin are words commonly used by British people, not Americans.

Another suspicion is that Satoshi Nakamoto is not an individual, but a group. This is because the Bitcoin operating system is so complex and it seems impossible for just one person to do it.

Several figures have been named as candidates behind Satoshi Nakamoto, such as Dorian Nakamoto, Craig Wright, and Elon Musk.

The name Dorian Nakamoto is said to be a figure from Japan who lived for a long time in California. However, he was immediately denied because at that time Dorian Nakamoto was in a mediocre condition because he had been unemployed for a long time.

Craig Wright is the figure who confirms the accusations. He provided evidence that he was indeed Satoshi Nakamoto, including evidence that he wrote the Bitcoin White Paper. However, many crypto communities denied this and even the High Court had to take over and provide strong evidence that he was not Satoshi Nakamoto.

Elon Musk is said to be the figure behind the creator of Bitcoin because he was recommended by one of his employees at SpaceX. However, Elon Musk immediately denied this and stated that he was not Satoshi.

Conclusion: Current State of Bitcoin

Who is the original creator of Bitcoin is deliberately not revealed. The goal is simple, namely as a way to keep Bitcoin's value-neutral without having to look at who the creator or parent owner is.

In the approximately 15 years since it was created, the value of Bitcoin has continued to soar. When this article was written on October 10, Bitcoin was priced $61,055 which means it has experienced a decline of -1.77% in 24 hours. This decline could have arisen from speculation about Satoshi Nakamoto's figure by HBO.

Even though Bitcoin has experienced a decline in price today, the RSI value is actually above 50 so the buying trend is still dominant over the selling trend. The MACD line is also still above the limit line. That way, there is a possibility that Bitcoin will experience a bullish phenomenon shortly.

Convert value from BTC to USD is indeed strong. It's no wonder that this coin is increasingly popular with investors and many are HODLing it. 

For those of you who are interested buy BTC coins, do in-depth research first before buying it. You can do research on Bitrue with features that can be used for free, starting from checking BTC real-time price to the latest news about Bitcoin.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Lunes, Oktubre 14, 2024

Phase II of 'Breaking the Plastic Habit in Asia' to Expand Use of Behavioural Insights

  

The Regional Knowledge Centre for Marine Plastic Debris, in collaboration with the Institute for Global Environmental Strategies, will officially launch Phase II of the 'Breaking the Plastic Habit in Asia' project.

We invite you to join the launch event:

Date: October 18, 2024

Time: 10:00 AM - 12:00 PM Jakarta Time

Registration: https://crm.iges.or.jp/public/application/add/5479

The public event will convene leaders from government, academia, civil society, and international organizations to share best practices, key findings, and explore collaboration opportunities for sustainable reduction of plastic waste in ASEAN. The event will feature keynote addresses by environmental leaders and presentations from pilot teams representing six ASEAN countries. Discussions will focus on how Behavioural Insights can drive long-term changes in plastic consumption habits.

Phase I successfully tested innovative approaches to reduce plastic waste in ASEAN countries by `nudging` people not to use single-use plastics. Examples include no free plastic bags, no free plastic straws, separate garbage boxes with display of segregated items, and awareness raising campaigns In Phase II, the project will further explore how behavioural changes can complement existing policies, such as bans and taxes. A new measurement framework will also be introduced to evaluate the effectiveness of 'the Behavioural Insights interventions. This phase will produce practical tools and case studies to guide policymakers, businesses, and civil society in implementing behaviour-centred solutions.

A capacity-building workshop on 16-17 October 2024 will prepare selected partner organizations to implement local projects from January to August 2025. The implementing partners for Phase II include:

· From Cambodia, Ministry of Environment

· From Indonesia, Center for Southeast Asian Studies

· From Lao PDR, Econox Laos – Plastic Free Laos Label

· From the Philippines, Institute of Civil Engineering, University of the Philippines Diliman

· From Thailand, Department of Environmental Science, Faculty of Science, Chulalongkorn University

· From Viet Nam, Nopa

About RKCMPD

About RKC-MPD

The Regional Knowledge Centre for Marine Plastic Debris was established under the Economic Research Institute for ASEAN and East Asia in 2019. The Centre’s mission is to provide information and support to ASEAN+3 Member States, thereby helping them to improve the circularity of plastic and prevent leakage into marine environments.

This Press Release has also been published on VRITIMES

Whales Bought Millions of Tokens, Will XRP Price Increase in the Upcoming Week?

    In the past few days, many big investors (whales) have bought XRP tokens. Is this a sign that the XRP price will soon be bullish in the ...