Solana (SOL) Unveils Token Extensions, Ripple (XRP) Acquires a Crypto Trust Company, and Algotech (ALGT) Climbs the Best Coin Rankings

February 15th, 2024 at 8:00 am UTC · 3 min read

Solana (SOL) Unveils Token Extensions, Ripple (XRP) Acquires a Crypto Trust Company, and Algotech (ALGT) Climbs the Best Coin Rankings

/Algotech/ – In the latest developments from the crypto world, Solana (SOL) rolled out new extensions, gaining positive reviews from NFT developers. Meanwhile, Ripple (XRP) is making moves to expand its US presence, and Algotech has been causing significant market buzz at its first stage of presale.

Solana’s NFT Developers are on the Roll with the Latest Extensions

Recently, Solana (SOL) launched 13 new extensions to its ecosystem. The latest extensions on the Solana (SOL) network have proven to be pivotal for its NFT ecosystem. One extension in particular is a game changer for NFT development, placing Solana (SOL) at the forefront of NFT development.

With this feature, developers will now be able to incorporate metadata natively into Solana (SOL) NFT. This allows for more innovation within the ecosystem and enables developers to make their own NFT standards.

Prior to these extensions, minimal metadata could be attached to Solana (SOL) NFTs, leading to developers choosing Metaplex for attaching metadata. However, to boost innovation within the ecosystem and eliminate monopolies, Solana (SOL) unveiled its latest extensions.

Meanwhile, amid the latest developments, Solana (SOL) has been on the rise. With an upturn of 16.22% over the past week, investors are bullish about Solana (SOL). In the past day, Solana has further experienced a rise of 2.11%. Solana (SOL), currently trading at $110.71, also witnessed a 73.41% increase in volume in the past 24 hours.

Ripple (XRP) Eyes the New York Crypto Trust Company

Ripple (XRP), in its latest move, aimed at US extension plans to acquire Standard Custody & Co. This signals a strategic move by Ripple (XRP) to boost its presence and offerings in the US. This acquisition is speculated to increase Ripple’s (XRP) footprint in the crypto landscape beyond just a payments network.

By acquiring the crypto trust, Ripple (XRP) will be able to provide more in-house services in the US. However, the New York regulator has yet to approve the deal. Meanwhile, Ripple (XRP) has not disclosed any terms of the deal.

Despite its long-drawn legal battle with the SEC, Ripple (XRP) has shown bullish sentiments over the past week. Ripple (XRP) grew by 3.36% over the week. However, in the past day, Ripple (XRP) fell by 1.20%.

Algotech (ALGT) on the Best Coins to Invest List

Algotech’s (ALGT) presale has gained significant momentum, increasing investor interest. Being an algorithmic trading platform, Algotech (ALGT) has caught the attention of technology enthusiasts.

By harnessing the power of technologies such as machine learning and AI, Algotech (ALGT) has taken trading to another level. With its automated trading features, Algotech (ALGT) allows traders to exclude emotions from trades, and execute data-driven trades.

By using a wide range of strategies, such as momentum trading, breakout trading, and more, Algotech allows users to meet their trading objectives efficiently. The platform focuses on data-driven results by utilizing technology to determine trends and price movements in the market. Further, Algotech provides users with strategies for different market conditions, such as bear market strategies, bull market strategies, etc.

As its first stage of presale progresses, investors are enthusiastic about the potential of the project. At its current price of $0.4, Algotech has been catching the eye of early-stage investors.

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