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DigiByte’s native token, DGB, has soared by 13% , hitting a weekly high. Trading activity for the token has also surged after the protocol reportedly approved an upgrade. According to data from crypto.news, DGB ( DGB ) has gone up by 13.2% in the past 24 hours. On March 25, the token has reached a new weekly high of $0.009392 following news that the community has approve the implementation of Bitcoin ( BTC )’s Taproot activation in its operations. At press time, DGB is trading hands at $0.925. Its market cap has increased alongside its price surge, currently amounting to around $162 million. DGB is a peer-to-peer cryptocurrency and blockchain protocol that was launched in 2014. DGB tokens are usually used to facilitate payment for decentralized application and smart contract transactions on the blockchain . The tokens can be mined through a proof-of-work consensus using computational power to solve complex mathematical problems, validating transactions, and adding them to the blockchain. DGB’s mining mechanism and scalability has been compared to earlier cryptocurrencies like Bitcoin. Both DGB and BTC rely on a proof‑of‑work mechanism to secure their blockchains. While DigiByte also follows a PoW model, it employs five different mining algorithms, which are SHA‑256, Scrypt, Skein, Qubit, and Odocrypt. DGB’s multi‑algorithm approach helps to prevent the centralization of mining power and makes the network accessible to a wider range of hardware—from ASICs to GPUs and CPUs. At the moment, DGB’s circulating token supply is at 17.60 billion, which is around 83.8% of its total supply. Meanwhile, there is still approximately 3.40 billion DGB that can be mined or around 16.2% of its total supply. The DGB token has been on the rise since the blockchain has been considering an upgrade to its system called the Taproot Activation process through the BIP-9 soft fork. So far, 95% of its blocks have indicated support for DigiByte adopting the Taproot Activation model. According to the site, Digibyte has already begun the process of Taproot activation. However, it is not fully active yet. Initially deployed on Bitcoin in 2021, the Taproot upgrade is a collection of protocol updates that introduce new features that change the way blockchains process transactions. With the Taproot upgrade, transactions require less data and less work as multiple signatures can be combined for verification, rather than being aggregated individually. Additionally, it can also improve smart contract functionality on the blockchain. In Bitcoin’s case, this feature expanded on the types of transactions that could be processed through native smart contracts on the blockchain. Another key benefit brought in by Taproot is the reduction of fees on the blockchain. The upgrade is able to streamline how data is processed, therefore cutting down on resources which leads to lower costs for users. This is one of the reasons why the upgrade is highly anticipated by the DigiByte community. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP is trading at $2.43, a slight decline of over 1% in the past 24 hours, and is retesting the 20-day exponential moving average (EMA) at $2.388 as a support level, shows the data from CoinMarketCap . If this support level holds firm, XRP could potentially aim for the $2.60 resistance level in the near term. Successfully reaching this level might attract increased buying interest from investors and traders. Crypto analysts are closely observing a long-term technical pattern that indicates the possibility of a significant rally for XRP. A bullish and rather far-fetched projection of $1,452.81 has been outlined based on the breakout of a multi-year “bull flag” pattern. Crypto analyst “Steph is Crypto” has shared a chart on X, highlighting this bullish scenario. According to the analysis, XRP has been consolidating within a downward-sloping channel since 2018. The recent breakout from this long-term structure suggests a potential shift in the token’s price momentum, potentially setting it up for an exponential rally. The analyst suggests that, based on the flagpole projection, XRP could see a parabolic rise towards the $1,452.81 price target over the course of the coming years. In the shorter term, crypto analyst Dom has emphasized the importance of XRP maintaining a price level above $2.50 to sustain its current bullish momentum. He describes the current price structure as “very constructive,” indicating that a stable hold above this level would be a positive signal for buyers in the market. Related: Banks on XRP Ledger? Aberdeen & Societe Generale Eye Tokenization Adding to the technical analysis, a symmetrical triangle pattern is also forming on longer timeframes for XRP. This type of pattern is generally considered bullish and typically appears after a price rally followed by a period of consolidation. If XRP manages to successfully break out above the upper trendline of this symmetrical triangle, it could potentially rally towards a price target of $4.20 by May. Related: Ripple CTO Fires Back at IMF’s Claim, Insists XRP Doesn’t Qualify as a Security The Relative Strength Index (RSI) is currently at 51.44, which indicates neutral momentum in the market for XRP. However, an increase in the RSI above the 55-60 range could signal renewed buying pressure and a potential upward trend. Moreover, XRP’s price is currently testing the midline of the Bollinger Bands (BB) at $2.3428. If XRP moves decisively above the upper band of the Bollinger Bands, which is currently at $2.6078, it could indicate increased volatility and strengthening bullish momentum. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The XRP Ledger is seeing a noticeable uptick in adoption by big financial institutions as its use cases expand across various key areas, including decentralized finance (DeFi), stablecoins, and the tokenization of assets. RippleX, which is a division within Ripple, has been a major driving force behind these changes, contributing significantly to the growth of the XRP Ledger. Jasmine Cooper, Head of Product at RippleX, recently shared some key insights into the latest advancements and the growing interest from institutions in leveraging the XRP Ledger’s capabilities. One of the clear trends on the XRP Ledger is the increasing involvement of traditional financial institutions. This includes banks like Societe Generale and well-known asset managers such as Aberdeen. These organizations are increasingly looking at tokenization platforms on the XRP Ledger for a variety of assets, including money market funds and stablecoins. Notably, Aberdeen has launched tokenized money market funds through XRPL-based provider checks. RippleX has been actively working to make it easier for institutions to tokenize assets and issue their own stablecoins on the XRP Ledger. Related: Ripple’s XRP Ledger to Get Smart Contracts, EVM Compatibility RippleX has introduced an interesting concept called multi-purpose tokens (MPTs). These tokens cleverly combine features of both regular, interchangeable tokens (fungible) and unique, non-interchangeable tokens (non-fungible). This allows for more dynamic and flexible management of assets directly on the blockchain. This concept is particularly useful for developers as it allows them to issue tokens with additional information (metadata) directly attached. This could include details like bond terms or interest rates. Another significant development that’s gaining traction is the integration of Ethereum Virtual Machine (EVM) sidechains. This sidechain essentially enables compatibility with smart contracts written for the Ethereum network and allows for the transfer of assets like XRP onto this sidechain. RippleX is also focused on incorporating privacy features within the XRP Ledger. By adding things like access areas and credentials, institutions can create authorized environments where participants need to meet specific requirements, such as completing Know Your Customer (KYC) verification processes. Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings Additionally, RippleX is exploring the integration of zero-knowledge proofs (ZKPs). This technology could further enhance privacy while still maintaining the transparency and security that blockchain is known for. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Looking into competitors for Starlink now that countries are fearful of doing business with Musk. Competitors will most likely surge because of this even if only temporarily. #EutelSat $ETL already spiked over 600% this month. $VSAT is looking interesting, breaking out from historic lows with volume + structure + momentum all aligning. A retrace to $8.80–$9.00 may offer even better opportunity, but current structure already favors bulls. 🛰️ Massive monthly bullish engulfing candle from key multi-decade support at $8.25 🛰️ Strong volume spike 🛰️ Daily uptrend breakout with higher lows forming since late 2024. 🛰️ Triple bottom structure around historical level at $8.25 🛰️ Clean breakout of downtrend resistance on the 1D chart. 🛰️ High volatility candles breaking resistance without rejection. 🛰️ Momentum shift clearly underway with buyers stepping in aggressively

Crypto heading toward 'one-stop-shop' multi-asset investment platforms as M&A activity heats up: Bernstein