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- Bitrue’s XRP staking pool offers 7% APY for existing users and 50% APY for new users.
- Analysts predict XRP’s value could soar due to historical patterns and growing adoption.
The cryptocurrency exchange Bitrue has announced that its staking pool for Ripple (XRP) coins is now live on its platform.
This is Bitrue’s most recent show of support for XRP, a cryptocurrency they have supported since the launch of their ecosystem in 2018. The newly created staking pool offers existing users 7% APY with a 7-day lock period, while new users can earn an astonishing 50% APY for the first three days.
All eyes on #XRP now..
🌟 Exciting news: $XRP Staking Pools are now live on #Bitrue!
Since 2018, #Bitrue has empowered #XRP with XRP base pairs, staking and trading options. We're a strong partner, always backing the #XRPCommunity.
🔹 Existing users can earn 7% APY with a… pic.twitter.com/WJLkmAvn1B
— Bitrue (@BitrueOfficial) July 15, 2024
Meanwhile, XRP’s price has remained relatively stable at the start of the week after rising more than 20% in the last seven days. Amazingly, XRP was one of the top five gainers among the top 100 cryptocurrencies last weekend.
The introduction of new indices by CME Group, which resulted in a flood of new purchases amid rising upbeat anticipation, appears to have been the driving force behind this spike.
Bright Future for XRP Amid Legal and Market Developments
Several notable crypto specialists feel that XRP’s future price could skyrocket. They base their optimism on historical trends, the settlement of the litigation against the SEC, and the cryptocurrency’s growing real-world use.
According to these analysts, the legal victory over the SEC has eliminated a significant ambiguity, clearing the path for possible integration into global banking networks.
Furthermore, Bitrue Ambassador King Karan remarked that ignoring XRP could be one of the biggest mistakes, considering its potential integration into global banking institutions, according to a prior report by Crypto News Flash.
This opinion reflects a broader belief in XRP’s potential to disrupt the banking system. With these changes, XRP is establishing itself as a powerful participant in the cryptocurrency market, offering intriguing prospects to both new and existing investors.
