XDC has recently gained significant traction on Bitrue’s Power Piggy, a popular crypto staking and investment product that allows users to earn passive income. In a recent announcement on Twitter, the cryptocurrency exchange revealed that XDC, alongside XRP and Bitcoin (BTC), stands as one of the top three assets on Power Piggy.
Bitrue highlighted the various reasons why XDC, XRP, and BTC secured their positions at the top. XRP was recognized for its ability to facilitate seamless cross-border transactions, while XDC was acknowledged for its robust solutions in enterprise blockchains. BTC, being the pioneer cryptocurrency, was also included in the top three.
Power Piggy, launched in early 2019, supports over 100 different cryptocurrencies, offering interest rates ranging from 2% to 12%.
Why is XDC Thriving?
XDC, touted as a game-changer in global trade finance, aims to make international transactions more accessible, faster, and more cost-effective through its decentralized blockchain technology. The ability of XDC to facilitate near-instantaneous transfers has positioned it as an attractive alternative to traditional money transfers with high fees. Its scalability and liquidity have contributed to its growing adoption, leading to its prominence on Power Piggy.
The recent partnership between SBI VC, a Japan-based financial platform has further boosted the adoption of XDC. This collaboration allows XDC Network to easily enter into the Japan market and offers a robust blockchain Network designed specifically for enterprises use cases like trade finance, payments and real world asset tokenization. With a focus on enhancing efficiency in the estimated annual 2,000 trillion yen trade finance market, XDC Network provides high speed transactions and significantly lower gas fees being energy efficient, making it an ideal choice for efficient operations.
Furthermore, XDC has garnered attention in the crypto market for its exceptional performance. According to Coinmarketcap, XDC emerged as the best-performing crypto asset, experiencing an impressive surge leading to progress in rank. Such positive momentum has contributed to the growing interest and confidence in XDC.
The XRP community has been showing increasing interest in XDC, a digital asset that is similar to XRP in many ways. XDC is designed to be a high-speed, low-cost alternative to traditional payment systems, and it has the potential to revolutionize the way we send and receive money. Now, the BTC community is starting to take notice of XDC. Some BTC investors are seeing XDC as a way to diversify their portfolios and hedge against the volatility of Bitcoin. Others are simply looking for a new investment opportunity that has the potential to grow significantly in value. The growing interest in XDC from both the XRP and BTC communities is a positive sign for the future of the asset.
XDC has seen an increase in the past 24 hours, reaching $0.035 at the time of reporting. As XDC continues to make strides in the crypto space, it remains an asset worth monitoring for its potential impact on global financial transactions and enterprise blockchains.
Why XRP Emerges as the Preferred Choice for Staking on Bitrue?
XRP, the native cryptocurrency of Ripple, has gained widespread recognition and support due to its unique features and impressive potential for both long-term investors and those looking for short-term gains.
One of the key reasons behind XRP’s prominence as the top choice for staking on Bitrue is its established position in the cryptocurrency market. XRP has consistently ranked among the top cryptocurrencies by market capitalization, providing investors with confidence and stability. As a highly liquid asset, XRP offers a readily accessible market with ample trading opportunities, ensuring stakers have the flexibility to manage their funds effectively.
Furthermore, XRP’s staking rewards on Bitrue have proven to be exceptionally attractive. The platform’s staking program offers generous annual percentage yields (APY) to XRP stakers, allowing them to earn passive income on their holdings. With competitive rates and regular rewards, Bitrue has established itself as a premier destination for XRP staking, enticing both novice and experienced investors.
Why Does Bitcoin Remain Supreme as the Go-to Staking Option on Bitrue?
Bitcoin has solidified its position as the go-to cryptocurrency for staking on the popular trading platform Bitrue. As the digital asset market continues to evolve, the decision to stake Bitcoin on Bitrue has become a compelling choice for both experienced and novice investors alike.
One of the primary factors contributing to Bitcoin’s prominence as the preferred staking option on Bitrue is its unrivaled market dominance. As the first and most well-known cryptocurrency, Bitcoin boasts a strong track record, stability, and widespread recognition. This reputation for reliability has made it an attractive option for stakers seeking a secure and predictable investment opportunity.
Bitcoin has emerged as the frontrunner for staking on Bitrue along with XDC and XRP, owing to its well-established reputation, stable market performance, and the platform’s user-friendly environment. The integration of Bitcoin staking on Bitrue not only provides a secure and reliable investment opportunity but also offers users the chance to actively contribute to the network’s growth. With its scarcity and potential for long-term value appreciation, Bitcoin proves to be an ideal choice for stakers looking to diversify their portfolios and participate in the thriving world of cryptocurrencies.
The staking landscape on Bitrue has witnessed significant growth with the emergence of XRP, XDC, and Bitcoin as the top choices for the platform’s Power Piggy staking program. With these three cryptocurrencies leading the way, Bitrue continues to provide a secure and user-friendly platform for stakers to diversify their portfolios and actively contribute to the growth of the network.
