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Ripple CEO set to be part of Mars Blockchain Summit alongside reps from NASDAQ, Barclays, and the likes
The cryptocurrency market is not predictable as inevitable changes develop continually. But one blockchain project that’s become the talked-about pet of the market and has been consistent in making headlines lately is Ripple. Of course, the credit goes to its team and the head – they tend to stay engaged and build trust as it should be done.
Now, Ripple has come to the lights yet again. Mars Finance, in collaboration with Chinese investors, is set to hold a Blockchain Summit on Oct 18, 2018, in New York. It is important to know that the upcoming Summit will host great Fintech companies, global leaders in the financial sector of the world from Wall Street, China, and the investment industry.
The Summit is set to hold for a day, and the discussion would primarily be on the “Next Step” to attain the tipping-point for the blockchain industry of the world and how to stabilize the world’s financial market. Other discussions could be on stable-coins and how the blockchain industry can be governed effectively.
Moving forward, the Summit might include a discussion with Ripple, Morgan Stanley, NASDAQ, Standard & Poor’s, Barclays, and Digital Galaxy. On a relevant note, the founder of Mars Finance, Fred Wang, is aiming at increasing the reach of Mars Finance to other parts of the world by creating a Mars Finance US Edition that will also be unveiled during the Summit.
On that view, Mars Finance will not only be featured in China alone but also in the United States, as this will further boost the importance of blockchain and link-up blockchain enthusiasts in the crypto-sphere.
Invited personalities from China that are going to be available for the Mars Blockchain Summit include: Dao Yuan, Chairman of Zhongguancun Blockchain Industry Alliance; Shuoji Zhou, a well-renowned personality in China’s blockchain Industry and the CEO of FBG Capital; Chuanwei Zou, Chief Economist at Bitmain; Tianyuan Wei, Partner of Sharp-Eye Capital; and Feng Han, of Elastos.
Other notable personalities that are expected to attend the event also include, the CEO of Ripple (XRP), Brad Garlinghouse, CEO of Coinbase, Brain Armstrong, Winklevoss Brothers, Katina Stefanova of Marto Capital, Danny Aranda, an executive at Ripple (XRP), and Eugenio Gomez, a Financial Professional at Harvard Law School.
Ripple is like nasa in 1969
— Мichaelfeger (@mikefeg95) October 15, 2018
Subsequently, the upcoming Mars Finance blockchain Summit is expected to be a bigger-scale event, and companies such as DFG, Sharp-Eye Capital, Consensus Lab, EUB Chain, and Crypto Capital will also co-host the event together with Mars Finance. Another attractive side-event that will be added to the Summit’s theme is an all-night cocktail party, which will attract investors to exchange pleasantries.
That aside, the Chinese cryptocurrency frontrunners (as well as others such as the head of Ripple) will get to meet great investors and FinTech institutions from WallStreet. There are no doubts that the upcoming Mars Finance Blockchain Summit will be another important event in the blockchain world.
It could set a new landmark in the blockchain industry. Will blockchain be implemented in the traditional finance system soon since things are catching a good bit of steam now? Well, only time will tell on that, and as the Mars Finance US Edition is set to be released, the event might play an essential role in that cause.
But one thing is for sure, the CEO Ripple, Brad Garlinghouse is on a mission to revolutionize how the world deals with finance currently. And, he is trying not to miss a single opportunity to boost the awareness and mass adoption of the blockchain platform he leads.
XRP’s Price Overview
After a significant dip experienced by the market last week including XRP, Ripple is recovering gradually. At the time of writing, XRP is in the green and has increased by 5.84% over the previous 24 hours. At the press time, Ripple’s digital currency token is priced at $0.465 with a market capitalization of $18,609,913,871. The crypto is the best gainer among all top digital currencies if we take last 24 hours’ price performance in the account.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
[Photo source: marsfinance.net/newsdetail/20181010102117402005.html]
BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.
Binance Coin Outlook
BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.
Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD) on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.
The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…
Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
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