Hey, tron-fanclub friends tonight are back with me and I will share again about new crypto opportunities in 2024 in Retik Finance (RETIK), XRP and TRX based on the approaching Bitcoin Halving, the potential for cutting interest rates and the birth of Bitcoin and Ethereum Spot ETF. This also boils down to increased use of DeFi
Today, Saturday (9/12/2023), the market capitalization of crypto assets reached US$1.65 trillion. This is the latest record over the past year, where the price of BTC, as the dominator, penetrated local highs in the range of US$44,600, approaching the psychological level of US$50 thousand.
This big spike occurred since the end of October 2023, which was triggered by the interpretation that the Central Bank of the United States, aka The Fed, was getting closer to immediately cutting its benchmark interest rate next year. The reason is that inflation is quite positive, even though the 2 percent target has not been achieved.
This coincides with the crypto community getting closer to the Bitcoin Halving which is expected to fall in April 2024. This 4th Halving will ensure that rewards to miners are halved again, from 6.25 BTC per block to 3.125 per block. This reduction in the supply of new BTC will make this asset even more scarce than before and could see huge appreciation if interest rates later decrease, due to the perceived increase in accumulation of this one-of-a-kind cryptocurrency asset.
These major events also coincide with the ETF market in the US getting closer with the birth of the first Bitcoin Spot ETF in Uncle Sam's country. A number of analysts predict that the SEC will approve it in January 2024. At the same time, the value of the US dollar is decreasing, as a result of positive market sentiment that the US market is getting further away from high inflation and is ready to move into an era of lower interest rates.
New Crypto Opportunities in DeFi and Retik Finance (RETIK)
This context brought a number of other large cryptocurrencies such as Ripple (XRP) and Tron (TRX) into the bullish zone, seeing large fresh cash flows that had not occurred since the 2021 market downturn. In essence, it created a new opportunity for the latest crypto. On the other hand, there are many new crypto projects that want to take part, one of which is #Retik-Finance (RETIK) which is investing a number of its products into the DeFi (decentralized finance) market which is also hot.
The volatility of the DeFi market is reflected in the movement of Total Value Lock (TVL). On October 19, 2023, from #DeFiLlama data, DeFi TVL reached US$36.3 billion. And now as of December 9 2023 it has reached US$52.8 billion. This indicates the growing demand for crypto assets and the great desire of users to earn more crypto rewards by getting into DeFi. Again, the development of DeFi is a new niche of crypto opportunities.
In the DeFi market, the Ethereum blockchain with ETH crypto and all Ethereum-related tokens still dominates, with a TVL reaching US$29 billion. Meanwhile, blockchain-based Tron (TRX) is in second place with a TVL reaching US$8.2 billion. In terms of comparing RETIK, TRX and XRP, the Ripple blockchain does not focus on DeFi because it chooses the global financial sector with banks as its main market choice. It is worth noting that Retik Finance runs on the popular Ethereum blockchain.
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Ripple (XRP) AND Tron (TRX)
Born in 2012, the Ripple crypto (XRP) exists as the original asset for the Ripple blockchain created by Ripple Labs. This blockchain focuses on international money transfer services. It's no wonder that Ripple's blockchain speed, which reaches 1500 transactions per second, is much higher than Bitcoin and Ethereum. MoneyGram, MercuryFX, IDT, and Cuallix are some of the companies that use Ripple's technology. The large use of technology is what makes the XRP crypto market value always in the top 5.
Meanwhile, the Tron blockchain with its crypto called Tronix (TRX) competes closely with the Ethereum blockchain. Because Tron uses the Delegated-Proof-of-Stake (DPoS) protocol, it is capable of processing more than 2000 transactions per second. Tron also focuses on enriching smart contract types such as those on Ethereum so that they are widely applied to DeFi products.
Retik Finance (RETIK): Comprehensive Ecosystem for DeFi Adoption
Meanwhile Retik Finance (RETIK) is not just a crypto project, but is claimed to be a comprehensive ecosystem designed to bridge the gap between traditional finance and finance in the DeFi world. The following are a number of products and features that are being prepared at Retik Finance which are currently entering the presale #phase.
DeFi Debit Card. These cards allow users to spend their crypto directly in stores, eliminating the need for conversions and driving adoption more mainstream.
Payment Gateways. Retik Finance also offers the latest generation payment gateway which ensures security and efficiency when users make crypto transactions.
Peer-to-Peer Lending. The performance of financial mechanisms like this has also been improved with the help of artificial intelligence (AI) for the risk assessment aspect. "This allows paving the way for a more inclusive and accessible financial system," said Retik Finance on its website.
Safest DeFi Wallet. Apart from that, there is DeFi Wallet which is claimed to be the most secure in the world, providing unmatched security features and a user-friendly interface for managing crypto assets and accessing other Retik Finance services. Such products enhance the new opportunity scenario of crypto today.
Challenges Facing Ripple and Tron and New Crypto Opportunities Retik Finance.
Ripple, known for its cross-border payment solutions, faces regulatory uncertainty and legal hurdles, hindering its growth and adoption. Additionally, XRP's relatively centralized nature raises concerns about alignment with core DeFi principles. Meanwhile, Tron, which focuses on smart contracts and entertainment applications, has experienced scalability issues and concerns about its decentralized network. The lack of use cases further limits its significant growth potential.
Meanwhile, Retik Finance, which is anchored on the Ethereum blockchain, focuses on DeFi and makes full use of the advantages of the Ethereum blockchain which far surpasses Ripple and Tron, both in terms of its rich features, use cases and crypto market value.
"Retik Finance focuses on DeFi, because we believe this decentralized application is a popular alternative for the crypto world and compared to the traditional financial world," said the Retik Finance Team, and are friends interested in this REtik Finance news, and hopefully it is useful and we can find out more
thank you.