David Gokhshtein, known for his politician identity, shared 3 altcoin projects that he will buy whenever he has the opportunity. The crypto phenomenon also includes Ethereum on the list.
David Gokhshtein shared that he will buy these altcoin projects
The crypto phenomenon, which has been tweeting ‘bullish’ about SHIB, DOGE and LUNC for a while, focuses on the oldest projects in the last days of the year. In a recent tweet, he specifically stated that he is looking for opportunities to buy Litecoin (LTC) and Ripple (XRP). Gokhshtein explains the cryptos he will buy during the remaining days of the year:
The first thing I’m going to do in the next few days is to get my cryptocurrencies in order. I am returning to focus on BTC and ETH as my best works. Next, I’ll buy more LTC and XRP… Still plans to get into meme coins – risk game but with money I can afford to lose.
There is important news from Ripple
Palau Surangel Whipps Jr, President of the Republic of Palau, confirmed in a new interview the country’s plans to collaborate with Ripple to launch a national stablecoin. Whipps Jr. stated that the launch of a national stablecoin is part of the country’s digital economy efforts. In addition, the plan was part of a strategy to increase the number of digital visitors to the country. The President says that while many countries are issuing CBDCs, Palau’s decision to go the stablecoin route was due to the Island not being a central bank. cryptocoin.comWe have included the details in this article.
Meanwhile, the President had this to say on why Palau chose to launch a stablecoin:
As we develop our collaboration with Ripple, our goal is to have a US Dollar-backed stablecoin that is truly a step towards its own Central Bank Digital Currency. We think this is important and will help Fiat make the ramp easier. Our digital residents will also have access to banking and Binance Pay options will also make it easy to bid. We believe they are not really competing but they are actually symbiotics and can strengthen the crypto ecosystem by helping each other.
XRP price reacts to news
After the news, the XRP price moved upwards. According to CoinMarketCap data, XRP managed to rank among the top 5 cryptocurrencies at this time. Similarly, Santiment data shows that it recorded the highest daily trading volume compared to last week.
Meanwhile, whales buying the news are supporting the XRP rally. On-chain data shows that as the year draws to a close, XRP is again the most purchased token by whales.
According to the data, XRP is among the top 10 tokens currently purchased by the top 2,000 BSC whales. Santiment also found that XRP whales are rapidly filling their wallets for the end of 2022. Whales holding 1 million to 10 million XRP are accumulating rapidly.