XRP Closes 2024 on a Strong Bullish Trend, Significantly Impacting Grayscale’s XRP Trust

Reports indicate that the Trust is set to finish the year with over 300% growth, driven by XRP's late-year rally and evolving dynamics within the cryptocurrency sector.

XRP closed 2024 on a strong bullish trend, which significantly impacted Grayscale’s XRP Trust, reintroduced by the investment firm in September. Reports indicate that the Trust is set to finish the year with over 300% growth, driven by XRP’s late-year rally and evolving dynamics within the cryptocurrency sector.

Recent changes in crypto regulations and political developments played a key role in XRP’s upward trajectory, particularly in the year’s final months. Donald Trump’s pro-crypto stance and victory in the U.S. presidential election further fueled XRP’s momentum, building on its partial legal win in a 2023 court case. In light of this positive outlook, investors are searching for the best altcoins to invest in today.

MultiversX (EGLD) is valued at $33.94, with a 5.41% increase in the last 24 hours. STP (STPT) has risen to $0.06059, reflecting a 14.01% gain during the same period. Wall Street Pepe ($WEPE) continues to attract attention in the crypto market due to its strong presale performance and focus on building a community-driven ecosystem. Toncoin (TON) trades at $5.74, showing an 8.85% increase over the past week.

DAO Maker is priced at $0.378, recording a 7.54% rise in the last 24 hours. It has a market capitalization of $73.86 million and a trading volume of $21.9 million. Meanwhile, PolySwarm (NCT) has experienced notable growth, surging by 16.18% to reach $0.029 in the past day. In the tech sector, advancements in artificial intelligence and cryptocurrency have significantly contributed to the performance of this year’s top five tech stocks.

1. MultiversX (EGLD)

MultiversX (EGLD) is trading at $33.94, reflecting a 5.41% price increase over the past 24 hours. With a market capitalization of $939.95 million, the token has seen a remarkable 222.86% surge in 24-hour trading volume, totaling $118.58 million. The circulating supply of EGLD stands at 27.69 million, with a total supply of 27.75 million and a maximum supply capped at 31.41 million.

The MultiversX Foundation recently unveiled Growth Games, a groundbreaking initiative with an annual budget of $1.5 million to foster innovation in blockchain and AI. This program empowers developers, startups, and teams to create transformative DeFi, AI, and education solutions. Growth Games focuses on funding and fostering a vibrant developer community while promoting blockchain adoption.

MultiversX interactions embedded in the open web 🌐

WARPS bring on-chain actions to any interface, making web3 compatible with any web2 app or platform.

Minimal friction > real mass adoption. pic.twitter.com/oyesFaWpkS

— Multiversᕽ (@MultiversX) December 23, 2024

The program is divided into three funding pillars. With an allocation of $750K annually, the Build pillar seeks to onboard new developers and teams from outside the ecosystem using a Request for Proposal (RFP) model to address infrastructure gaps.

2. STP (STPT)

STP (STPT) is priced at $0.06059, reflecting a 14.01% increase over the last 24 hours. The token has a market capitalization of $117.68 million, with a 24-hour trading volume of $87.01 million, representing a sharp 75.88% increase from the previous period. STPT’s circulating supply is 1.94 billion tokens, with no maximum supply specified. Its fully diluted valuation (FDV) equals the market cap at $117.68 million.

Market sentiment for STPT remains bullish, supported by a Fear & Greed Index score of 79, indicating extreme greed and high market optimism. The token trades above its 200-day simple moving average (SMA), highlighting a long-term trend. Over the last 30 days, STPT has shown positive performance, with 19 out of 30 days (63%) closing at a higher price than the opening.

Announcing the winners of STP Grants Program S2! 🎉

We're excited to welcome @copybrofinance and @gungamebase to the STP family!

Let's dive into why we chose these projects and how they align with our vision 🔎

— STP (@STP_Network