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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

4 Best Altcoins to Invest in as Ripple Partners with 10 Central Banks

NewsBTC
NewsBTC
6 months ago
5 mins read
As Ripple Expands Partnerships with Central Banks, Will $XRP Soar to 100x?

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Last year, Ripple CEO Brad Garlinghouse revealed that his company has partnered with 10 governments to develop their respective Central Bank Digital Currencies.

Working with the central banks of countries like Colombia, Georgia, Montenegro, and Palau could speed up the adoption of digital currencies globally.

The news can only be good for Ripple’s own $XRP token. It plays a critical role in Ripple’s payments network as it standardizes bank transactions. If a bank in Georgia wants to send funds to Colombia, for example, it can do so using $XRP, eliminating conversion fees and other costs.

As Ripple partners with more companies, this move would definitely help push up $XRP’s value in the foreseeable future.

The token is currently trading at around $2.45, but some investors have speculated that it could soar well beyond that in the near future. Ripple’s potential partnership with the Bank of Japan, for instance, could further boost this possibility.

XRP chart

Reports say that nearly 80% of banks in Japan plan on integrating $XRP into their systems. If it pushes through, this would result in lower costs and faster transaction speeds for these participating institutions.

Of course, greater adoption of digital currencies could also pave the way for altcoins and even meme coins. If you’re looking to leverage the current momentum of cryptocurrencies for potentially huge gains, here are four worth checking out.

1. Solaxy ($SOLAXY) – It’s Solana Made Better

If you’re tired of constantly dealing with Solana’s failed transactions and network congestion, Solaxy ($SOLX) promises to solve these once and for all.

solaxy website

This Solana Layer 2-based token wants to offer faster transaction speeds, lower fees, and reliability. Since it’s based on Solana, this means that you’ll be able to enjoy unparalleled efficiency and security on the platform.

By off-loading transactions on its Layer-2 chain and bundling them together, Solaxy can speed things up considerably, and offer a much cheaper trading experience for traders.

The modular infrastructure also lets developers use Solaxy for diverse use-cases, as the components are plug-and-play and can be used for anything (like meme coins and financial systems).

$SOLAXY currently costs $0.001634 and has already raised over $20M since its presale began (and its price is predicted to shoot up). There’s another upcoming price increase in less than 48 hours, so it’s best to grab tokens at a discounted rate while you can.

2. BTC Bull ($BTCBULL) – Bet on a $BTC Bull Run and Earn Free Bitcoins

BTC Bull ($BTCBULL) is a project that banks on the continued rise of Bitcoin ($BTC). When $BTC reaches certain milestones, like reaching $150K and $250K, $BTCBULL will give away free Bitcoins to its users.

These milestones seem a bit far off from $BTC’s current sub-$100K price, but there’s a lot going for it. For example, a friendlier US government and increased interest from Japanese companies could boost $BTC’s price in the near future.

btc bull website

Moreover, the project will also burn portions of the token supply when Bitcoin reaches specific price points, which should create scarcity and drive $BTCBULL’s token price upward. Overall, this translates to higher bullish potential for it.

Other investors are also bullish on $BTC, given the fact that $BTCBULL was able to raise $1M shortly after announcing its presale (and over $500K in less than 24 hours), making it one of the best crypto presales at the moment.

If you want to buy some, it’s still pretty cheap at $0.00236 per token.

3. Best Wallet Token ($BEST) – Buy Tokens, Decide Best Wallet’s Future

Best Wallet is without a doubt one of the best crypto wallets in the market. Now it wants to give users the chance to have their say on how to develop its ecosystem via its Best Wallet Token ($BEST).

When you buy $BEST, you’ll be able to vote on the direction the project will take.

Aside from that, you’ll also enjoy lower transaction fees on Best Wallet, get first dibs on its crypto presales and projects, and earn passive income when you stake your $BEST tokens.

best wallet website

The project has raised nearly $10M since it began preselling its tokens. The price of $BEST has also increased several times since then, but you can still get it for only $0.023975 in the next 24 hours.

4. PlutoChain ($PLUTO) – Feeding Your Need for Speed on Bitcoin

Similar to $SOLAXY, PlutoChain ($PLUTO) wants to address scalability issues on Bitcoin. In addition, it can speed up transactions as it features a 2-second block time compared to Bitcoin’s usual 10 minutes.

This Bitcoin Layer 2 blockchain can help developers create DeFi dApps, including DEXs, NFTs, stablecoins, lending and borrowing platforms, and margin trading and futures platforms.

plutochain website

$PLUTO is also compatible with the Ethereum Virtual Machine. This means that it could potentially simplify integration with Ethereum-based projects.

Like the other projects on our list, $PLUTO is currently on presale. You can still get it for only $0.10984 but you have only less than 24 hours before the next price increase.

Our Verdict

All in all, meme coins offer huge potential gains, especially those that offer utility. They could also benefit greatly from the growing adoption of digital currencies, thanks to initiatives of companies like Ripple.

At the end of the day, though, it’s important to remember that cryptocurrencies tend to be highly volatile.

Crypto trading isn’t for the faint of heart nor for the uninformed. Because of that, always remember to do your own research and never invest money you can’t afford to lose.

Also, note that the information in this article is for educational purposes only and does not constitute financial advice.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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