en.cryptonomist.ch 19 August 2024 10:16, UTC

Our analysis of the crypto world continues, the assets in question are Ripple XRP, Monero, and Gala. We will analyze the news, prices, and market statistics.

Prices and market statistics of the crypto Ripple XRP, Monero, and Gala

Ripple (XRP) is currently traded at 0.57 USD, with a market capitalization of approximately 32.1 billion dollars. The trading volume in the last 24 hours amounts to 807.8 million dollars, highlighting significant interest in the market.

With a circulating supply of 56.1 billion XRP, the cryptocurrency maintains a relevant position in the sector. Investors hold XRP for an average period of 84 days, indicating a moderate commitment to the cryptocurrency. Currently, Ripple occupies the 7th position in terms of popularity among cryptocurrencies.

Monero (XMR) is currently trading at 153.82 USD, with a market capitalization of approximately 2.8 billion dollars. In the last 24 hours, the trading volume has reached 64.4 million dollars, indicating relatively moderate activity compared to other major cryptocurrencies. Monero has a circulating supply of 18.4 million XMR, maintaining a limited availability that contributes to its market value.

Despite its current price being significantly lower than the all-time high of 517.62 USD, Monero continues to be valued for its unique privacy and anonymity features, which make it a popular choice for those seeking secure and private transactions in the world of cryptocurrencies.

Gala (GALA) is currently trading at 0.0173 USD, with a market capitalization of approximately 587.1 million dollars. In the last 24 hours, the trading volume has reached 92.0 million dollars, reflecting consistent interest among traders and investors.

The circulating supply amounts to 34.0 billion GALA, a significant quantity that contributes to its wide distribution in the market.

Currently, Gala is ranked 94th in terms of popularity among cryptocurrencies, indicating a significant but not dominant presence in the sector.

Ripple will introduce secure gold and silver on the XRP ledger.

In 2024, Ripple will introduce secure gold and silver tokens on the XRP Ledger (XRPL), marking an important step towards the integration of physical assets into the world of cryptocurrencies.

This initiative is part of a broader effort by Ripple to expand the functionalities of its blockchain network, offering 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, allowing for near-instant transactions at reduced costs compared to traditional methods. Additionally, these digitized assets could attract a wide range of investors, from those seeking safe havens for capital to those interested in the flexibility and speed offered by the blockchain.

With this move, Ripple positions itself as a bridge between the traditional financial world and the emerging world of cryptocurrencies.

Kokomo di Gala Games enters Web3

In 2024, Gala Games launched Kokomo, a new Web3 game, after completing a major funding round from angel investors. This project represents a significant expansion in the world of blockchain gaming, combining the immersive experience of traditional gaming with the ownership and decentralization offered by Web3 technology.

Kokomo stands out for its integration of unique digital assets, which players can own, trade, and use in the game, thus increasing engagement and value for the community. The support of angel investors has allowed Gala Games to accelerate the development of the game, bringing new features and improvements that could set new standards in the decentralized gaming sector.

Kokomo aims to become a point of reference for gaming enthusiasts seeking new experiences in the growing Web3 ecosystem.