Wednesday, May 5, 2021

XRP Is Going Live On Wanchain, a Decentralized Blockchain Interoperability Solution

According to a recent report, XRP, the fourth-largest cryptocurrency by market capitalization, will officially join Wanchain, a decentralized blockchain interoperability solution, in just a few days’ time.

The new development was passed across a couple of hours ago by Jack Lu, the founder and CEO of Wanchain.

Read Also: SEC Says XRP Investors’ Motivation for Supporting Ripple Is Only for Profit

According to Lu, the integration will make XRP tokens liable to be used for liquidity mining and Yield farming. XRP holders will also be able to engage with DeFi applications on Wanchain, Ethereum, and many other blockchains in the future.

Jack Lu thereby called on the enthusiastic XRP holders to join in building a viable decentralized finance (DeFi) environment.

Jack Lu tweeted, “I’m happy to announce that we are just days away from XRP officially joining Wanchain’s family of decentralised, interoperable blockchain networks. Welcome to every XRP holder. Come, and join us! Let’s build this new DeFi world together.”

Read Also: Court Grants XRP Investors Permission to File Motion to Intervene In Ripple-SEC Lawsuit

XRP Market Remains Bullish

The digital token XRP has remained bullish in the market without retraction over the past few days.

Over the past months, the XRP has had its fair share of negativity. Howbeit, the current sentiment surrounding the digital currency looks to be shifting towards a more positive outlook.

XRP experienced continuous gains over the past six days. The cryptocurrency jumped from $1 to $1.40 in an attempt to break out from its multi-year lows.

XRP has surged over 140% in the past week, which resulted in reclaiming its position at the top four in the market.

Despite the underway lawsuit, the sentiment around the crypto project continues to be bullish as the eagerness of traders to buy more increases.

Read Also: Top Crypto Analyst Mentioned 3 Tokens with Potential to Rise As Bitcoin Takes Over from DeFi

The cryptocurrency continues to record new yearly highs as several analysts, including Peter Brandt, showcase their bullishness on the embattled digital token. At the time of press, XRP is trading at $1.47, with about a 43% price uptrend in the last 24 hours.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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