Our column on market statistics, prices, and news in the crypto world continues. Today, we will analyze three of the most important assets in the sector: Ripple, Cardano, and Avalanche.
Summary
Prices and market statistics of Ripple, Cardano, and Avalanche cryptocurrencies
Ripple (XRP) is currently valued at 0.61 USD with a market capitalization of 33.2 billion USD.
The trading volume in the last 24 hours amounts to 1.3 billion USD, while the circulating supply is 54.0 billion XRP. The average holding time is 73 days, positioning XRP in sixth place in terms of popularity.
The all-time high recorded is 3.84 USD. In the last hour, the price has recorded a negative variation of 0.63%, while in the last 24 hours it has shown a modest increase of 0.33%. However, over the course of the week, there has been a decrease of 2.02%.
Cardano (ADA) currently has a value of 0.60 USD, with a market capitalization of 21.2 billion USD.
Over the past 24 hours, the trading volume has reached 671.6 million USD, while the circulating supply is 35.3 billion ADA. The average holding time is 251 days, positioning ADA as the eighth most popular option. The all-time high reached is 3.10 USD.
By analyzing the recent data, a negative variation of 0.58% is observed in the last hour, a modest increase of 1.01% in the last 24 hours, and a significant decrease of 6.39% over the course of the week.
Avalanche (AVAX) currently has a price of 45.74 USD, with a market capitalization of 16.7 billion USD.
The trading volume in the last 24 hours has reached 1.9 billion USD, while the circulating supply stands at 365.5 million AVAX. With an average holding time of 53 days, AVAX ranks ninth in terms of popularity.
The historical maximum reached is 46.29 USD.
By analyzing the recent data, a positive variation of 0.02% is highlighted in the last hour, a remarkable increase of 8.32% in the last 24 hours, and a significant growth of 20.43% over the course of the week.
OKX’s move to ensure the stability of XRP
OKX, with an innovative move, has presented its 14th reserve certificate, showing a remarkable user asset of $14.9 billion starting from the snapshot of December 13th.
The focal point of this revelation is OKX’s commitment to strengthen the XRP tokens held by users with an impressive coverage of 103%, supported by the exchange’s reserves.
This commitment extends to a total of 233.74 million XRP tokens, equivalent to a total of 143.52 million dollars. In particular, OKX’s XRP reserves exceed user funds by 7.673 million XRP, establishing a surplus of 4.7 million.
It is remarkable that the positions of XRP users on OKX have increased by 300,000 units compared to the reserves since the last report, resulting in a 1% decrease in the reserve ratio.
The December 2023 #ProofOfReserves report, recently published, highlights OKX’s unwavering commitment to maintaining 100% reserve ratios for 22 assets, marking the 14th consecutive monthly PoR report.
Although OKX stands out for its huge reserves, users are reminded of the centralized nature of exchanges.
The old saying “not your keys, not your crypto” emphasizes the importance of investor caution, even as major exchanges improve the stability of their reserves.
It is essential that users exercise caution and recognize the potential risks inherent in centralized structures.
Cardano will train the Petrobras team on blockchain and crypto topics
The Cardano Foundation, in collaboration with Petrobras, the Brazilian state oil company, has undertaken an innovative initiative to educate over 40,000 staff members on blockchain technology. Blockchain.
Announced in a press release on December 20th, this partnership will see the educational content of Cardano Academy delivered through Petrobras University, with the aim of promoting a comprehensive understanding of blockchain technologies in the energy sector.
The workshops offered will delve into the potential of blockchain, explore various use cases and applications, and engage participants with interactive quizzes related to the technology. Once successfully completed, employees will receive a certificate validating their blockchain training.
In particular, the first 500 Petrobras participants enrolled in the Cardano Academy will be rewarded with a unique non-fungible token (NFT).
Developed in collaboration with the Petrobras Education Board, the NFT will evolve to reflect and celebrate the progress of participants during the training.
Frederik Gregaard, CEO of the Cardano Foundation, sees this collaboration as a pioneering initiative for future initiatives aimed at deepening the understanding of blockchain through employee training.
Highlighting the foundation’s commitment to education as a means of empowerment, Gregaard stated that the main mission is to promote blockchain literacy in various sectors, from individual users to large enterprises.
This strategic partnership aligns with the broader vision of the Cardano Foundation to promote blockchain education and awareness.
