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.
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.”
— Jack Lu | Wanchain (@JackLu_WAN) April 10, 2021
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.
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.