Ripple, in collaboration with Tenity Global, launches the XRPL Accelerator program for blockchain startups in the Asia-Pacific region.
The program lasts 12 weeks, focused on supporting projects in asset tokenization, institutional DeFi, and AI-integrated blockchain applications, with funding of up to $200,000 for each selected project.
MAIN CONTENT
Ripple and Tenity Global collaborate to implement the XRPL Accelerator Program to foster innovation in blockchain in APAC.
The program supports startups in developing asset tokenization, institutional DeFi, and AI applications on XRPL.
The price of XRP shows signs of breaking out, with growth potential of up to 10% if it maintains the price range above $2.35.
What is the XRP Ledger Accelerator Program in the Asia-Pacific region?
Ripple's XRPL Accelerator program, initiated by Fiona Murray – APAC Regional Director – aims to foster digital innovation capabilities in Singapore and the surrounding countries. This is a strategic move to develop blockchain startups and developers, facilitating the testing of practical applications on the XRP Ledger platform.
The program from Ripple and Tenity Global lasts for 12 weeks, focusing on developing hot sectors like asset tokenization, institutional DeFi, and blockchain applications in artificial intelligence. Outstanding projects will receive funding of up to $200,000, facilitating technology innovation and market scaling.
The XRPL Accelerator Program is an important "leap" to tap into the potential of tech talent in APAC and provide highly applicable blockchain solutions for the community.
Fiona Murray, Regional Director APAC, Ripple, 6/2024.
What is the current price of XRP and its short-term breakout prospects?
The price of XRP is showing signs of increasing along with the general trend of major cryptocurrencies like Bitcoin, Ethereum, and Solana. After breaking through the important resistance level of $2.25, XRP has started to rise more strongly.
If XRP maintains closing above the $2.35 level, it is likely to approach the target price range from $2.43 to $2.44, even challenging the recent high around $2.60 – equivalent to an increase of about 10% compared to the current price.
"The recovery of Bitcoin's price is a key factor supporting the rise of altcoins like XRP. This contributes to creating a positive sentiment for investors in the short term."
Zachary Greene, Senior Cryptocurrency Analyst, CryptoMarket Insights, 5/2024.
What factor most strongly influences the price of XRP in the near future?
Bitcoin significantly dominates XRP's price action as market sentiment and bursts must rely heavily on Bitcoin's momentum. Additionally, news about practical applications and strategic partnerships like the XRPL accelerator program also helps reinforce investor confidence in the long-term development potential of XRP.
Notably, investment trends in asset tokenization and institutional DeFi are being focused on by major funds, opening up multi-sector growth opportunities for XRP on the open Blockchain platform.
Comparing benefits from the XRPL Accelerator program and other blockchain support funds
XRPL Accelerator criteria (Ripple & Tenity) Other Blockchain Programs Duration 12 weeks 6-24 weeks Focus sectors Asset tokenization, institutional DeFi, AI General DeFi, NFT, DApp Maximum funding $200,000 $50,000 – $150,000 Region Asia-Pacific Global or individual regions
Frequently asked questions about the XRPL Accelerator and the price of XRP
What benefits does the XRPL Accelerator program offer to startups?
Selected startups receive funding of up to $200,000, along with technical support and in-depth training over 12 weeks, helping to develop applications on the XRP Ledger with high commercialization potential.
What sectors does the XRPL Accelerator focus on?
The program prioritizes projects in asset tokenization, institutional DeFi, and blockchain applications integrated with artificial intelligence.
What factors give XRP the opportunity for short-term price increases?
Breaking through the resistance level of $2.25 and the positive trend of Bitcoin are the main drivers for XRP to continue its breakout in the near future.
Is XRP completely dependent on Bitcoin?
XRP is significantly influenced by Bitcoin's volatility, but individual factors such as news of partnerships and practical applications also play an important role in price movements.
How to track the progress of the XRPL Accelerator program?
Official information is updated on Ripple's website and that of program partners, as well as through media reports and events in the APAC region.
Source: https://tintucbitcoin.com/ripple-du-bao-gia-va-xu-huong-moi/
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