US-Russia Bitcoin Reserve Race Could Drive Altcoin Markets to Record Highs: Key Tokens to Watch
13 December 2024 - 1:07AM
NEWSBTC
A leaked proposal to Russian finance minister, Anton Siluanov on
the creation of a bitcoin strategic reserve in Russia, is adding to
speculation about an imminent Bitcoin Space Race between the two
global superpowers. This, after President-elect Donald Trump
pledged to establish his own Strategic Bitcoin Reserve in the US,
even suggesting part of the US debt “could be “paid off” with
Bitcoin. The leaked proposal hints Russia has its own reasons for
getting into crypto: “In conditions of limited access to
traditional international payment systems for countries under
sanctions, cryptocurrencies are becoming virtually the only
instrument for international trade.” The Central Bank of Russia is
already preparing to launch an experiment in cross-border
settlements in cryptocurrency. Putin himself recently described
bitcoin as an “unstoppable technology” and praised its potential as
an alternative to foreign currency reserves. Indeed, financial
sanctions may have driven Russia to adopt bitcoin and crypto at a
faster rate than in other countries. Meanwhile, the price of
Bitcoin has soared in 2024, reaching the monumental $100,000 mark
earlier this month. And as major global superpowers race to board
the crypto train, the prognosis for 2025 looks bright. As we
have seen, when BTC goes up, altcoins and meme coins surge as well.
And, while Bitcoin is a safe bet for nation states, altcoins may
hold the greatest life-changing odds for individuals willing to bet
on the crypto craze continuing well into 2025. If that’s you, we’ve
rounded up four of the best altcoins to get into right now. $XRP –
Stable Option Geared for Cross-Border Payments XRP, the native
cryptocurrency of the Ripple network, has seen huge growth in the
past two months, gaining approximately 319.77%. Recently, it
reached a six-year high of $2.46. XRP stands out for how it
facilitates fast and low-cost international money transfers, with
an average settlement time of just 4 seconds, and very low fees
(0.00001 XRP per transaction). Recent regulatory gains, such as the
New York Department of Financial Services (NYDFS) approval for
Ripple’s stablecoin, have also added to investor confidence. As
have its recent partnerships with over 300 financial companies,
including American Express, Bank of America, and Banco Santander.
It’s easy to purchase XRP, you simply need a reputable wallet like
the Best Wallet App. You can safely buy a range of cryptocurrency
with Best Wallet, from popular meme coins like Dogecoin (DOGE) and
Pepe (PEPE), to new meme coins like Pepe Unchained. Crypto
All-Stars – Multi-Token, Multi-Chain Meme Coin Vault You probably
don’t want to miss out on Crypto All-Stars, the next big presale
slated to break all the records. $STARS is also the first and only
token that’s also a meme vault. That means it brings together many
of the top meme coins, from Dogecoin to Pepe, under one roof,
greatly simplifying the entire process for first time buyers who’d
like to diversify across a number of meme coins. Also, buying and
holding the native token, $STARS boosts your meme coin rewards even
more. Crypto All-Stars is still in presale, and at today’s numbers,
1 $STARS = to $0.0016782, staking rewards are at a decent 191% and
over $13M has already been raised. With just a week left to go
before listing, this could very well be the presale to watch.
Dogecoin – The First Doge in Space What began as little more than a
joke back in 2013 has become one of the top meme coins in the
world, thanks in no small part to endorsements by heavyweights like
Elon Musk and Snoop Dogg. In recent news, Dogecoin shot up
60%, from approximately $0.1807 to $0.2897 – as fast as overnight
on November 6, election morning – in anticipation of a
crypto-friendly Trump administration. At the time of writing, (12
December 2024), DOGE shows no sign of slowing down, with analysts
predicting it could reach $3 any time now. ETH – Second Only
to Bitcoin Beaten only by bitcoin in terms of market
capitalization, ETH is the native cryptocurrency of the Ethereum
decentralized, open-source blockchain platform. Founded in 2015,
today ETH accounts for as much as 20% of the $1.1 trillion global
crypto market. Far more than just another crypto token, the
Ethereum blockchain is really a global, decentralized platform
running thousands of games, financial apps, and even many other
crypto coins on its network. The best part is, just like bitcoin,
ETH can often be used like fiat to buy and sell goods and services,
fulfilling the original dream of crypto for financial freedom, not
just quick riches. It’s Go Time for Crypto! Trump and Putin have
both pushed the button on crypto and for the rest of us, well, it’s
a good time to be alive. Who knew it was this easy to take away
power from the banks? Who knew a meme could potentially change your
life?! The race is on at every level, and as the world moves away
from traditional payment methods to newer, crazier, decentralized
alternatives, the winners will be those who seize the opportunity
and can navigate the noise with patience and poise.
Disclaimer: This is not financial advice. Remember to always DYOR
(do you own research) before buying any crypto and to never use
funds you can’t afford to lose.
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