Home Editor's Pick As $112m XRP was stolen, It’s time to diversify your Portfolio with these Altcoins

As $112m XRP was stolen, It’s time to diversify your Portfolio with these Altcoins

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The cryptocurrency market has recently been shaken by a significant security breach, where hackers stole approximately $112 million in XRP, the cryptocurrency focused on by Ripple. This incident, disclosed by Ripple (XRP) co-founder and executive chairman, Chris Larsen, highlights the vulnerabilities in the crypto space. Larsen revealed that the stolen crypto belonged to his personal XRP accounts and not Ripple’s. The stolen funds were quickly laundered through various crypto exchanges, raising concerns about the security and transparency of crypto transactions. This event has led to a call for increased transparency among Ripple (XRP) holders and a reevaluation of the relationship between prominent figures and their associated crypto companies.

In light of this significant theft, the largest in 2024 and one of the largest in crypto history, it’s crucial for traders to consider diversifying their portfolios. We felt like this would be a great opportunity for us to suggest some of the best alternatives in crypto. These projects can potentially give double-digit annual returns while maintaining better security and transparency than the more popular picks such as Ripple (XRP).

ScapesMania: A Newcomer to the Crypto Scene

After a stellar presale, ScapesMania swiftly garnered over $5M, propelling it into the highly anticipated public sale phase. The Token Generation Event (TGE), as revealed in a recent AMA session with ScapesMania’s CEO, is scheduled for March.

The public sale happens right on the ScapesMania website. This way, you get the best deal without extra steps or restrictions set by third-party platforms.

With just 80 million tokens ($720,000) up for grabs during the public sale, time is ticking. Act fast – the discounted tokens are flying off the shelves, and you don’t want to miss the chance to be a part of ScapesMania before it goes big within the growing, $376 billion gaming industry.

Don’t wait – join the community today and watch the gaming ecosystem’s token, $MANIA, conquer new heights yet again!

>>> Dive into the Public Sale – Join Now on the Official Website! <<<

Unlocking ScapesMania’s Growth Potential

Discover the driving forces behind ScapesMania’s success, propelled by a team of brilliant minds. Here are the key growth catalysts:

Strategic Marketing: A powerful post-listing plan is in action, targeting further expansion.
Presale Recognition: Securing top spots on presale trackers highlights the project’s initial success.
Influencer Support: Gaining endorsements from well-known crypto influencers adds credibility and visibility.
Holder Benefits: Being a ScapesMania token holder means active participation and perks, including token buyback, burn, and staking, a variety of bonuses, including referral rewards for introducing ScapesMania to your circles.
Enduring Value and Practicality: ScapesMania sets itself apart from fleeting trends, focusing on lasting value and practical use, unlike meme coins driven by short-lived hype.
Safety First: ScapesMania’s smart contract underwent a thorough audit by BlockSAFU, a leading security-ranking company. Developed in collaboration with the 2023 BNB Grant-winning developer, the project is poised for success.
Community Connection: ScapesMania actively engages with a thriving community, boasting a follower count of 60,000+.

Act Now and Join the Success Story!

With ScapesMania gaining momentum, now is the time to become a part of its success. The limited pool, the short timeframe, and the fact it’s selling out real fast make the decision to BUY NOW an easy one. Join the circles of ScapesMania holders before it’s sold out in a couple of days to see it potentially go up, up, and away!

???? Exclusive #ScapesMania Promo Codes Launched!

EXTRA 10% bonus on $MANIA token purchases! ????

???? Simply find our admins in the chat, grab their unique promo code, and use it to buy $MANIA! ????

Act quickly, this offer won’t last forever!

GET A PROMO CODE -… pic.twitter.com/rQ5nt76mxx

— ScapesMania (@ScapesMania) December 6, 2023

If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, BBE506. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering BBE506 in a special field at checkout, so act fast, the clock is ticking.

Manta Network (MANTA): Riding the Wave of Recovery

Manta Network (MANTA) recently faced challenges, including a DDoS attack and concerns over the transfer of 2 million Manta Network (MANTA) tokens. Despite these hurdles, the network has demonstrated resilience and is gaining traction. With a focus on Zero-Knowledge Proof-powered layer-2 blockchain technology, Manta Network emphasizes privacy and scalability in decentralized applications. The project’s TVL (Total Value Locked) stands impressive, highlighting its growing adoption in the DeFi space​​​​.

After its launch, Manta Network (MANTA) experienced significant price fluctuations, showcasing a pattern of volatility typical in the crypto market. The price saw a notable increase post-launch, followed by a period of correction. The Manta Network (MANTA) token’s price movements reflect a vibrant market response to its features and potential, underlining the speculative nature of the crypto market​​​​.

Looking ahead, Manta Network (MANTA) is poised for potential growth, thanks to its innovative approach to ZK application deployment and its modular blockchain structure. The project’s focus on enabling faster transactions with lower gas fees and its ability to support Solidity-based dApps positions it well in the competitive blockchain ecosystem. The continuous rise in TVL indicates strong network adoption, and with strategic development plans, especially in Korea, Manta Network (MANTA) may further solidify its place in the market. However, navigating regulatory landscapes and technological challenges will be crucial for its sustained success​​​​​​.

Ondo (ONDO): Merging Traditional Finance and DeFi

Ondo Finance (ONDO) is creating waves in the crypto world with its innovative approach to integrating real-world assets (RWAs) like short-term bonds and US Treasuries into the blockchain. This unique position allows it to cater to both traditional finance (TradFi) and decentralized finance (DeFi) sectors. Ondo (ONDO) is accessible on major blockchains like Ethereum, Solana, and Polygon, demonstrating its versatility and broad reach in the market.

The latest on Ondo Finance reveals its foray into offering a stablecoin alternative, the OMMF token. This token is backed by conventional money market funds and is designed primarily for institutional investors. It’s pegged to the US dollar and aims to offer interest payouts, distinguishing it from other stablecoins. This approach reflects Ondo (ONDO) strategy to comply with regulatory frameworks while innovating within the DeFi space.

Ondo Finance is positioning itself strategically at the intersection of TradFi and DeFi, anticipating a significant convergence over the next decade. By focusing on creating institutional-grade products and services, it is aiming for a secure, compliant, and user-friendly experience in the DeFi world. The initiative to merge traditional financial assets into DeFi could be a game-changer, but it also involves navigating complex regulatory landscapes and technological challenges. With its innovative approach and the backing of industry experts, Ondo (ONDO) has the potential to be a significant player in the evolving crypto market​​​​​​.

Hashflow (HFT): Revolutionizing Decentralized Exchanges

Hashflow (HFT), a decentralized crypto exchange, has been making significant strides in the DeFi space. With a unique asset pricing model offering interoperability, lower fees, and no slippage, Hashflow (HFT) has raised its profile and valuation in the crypto market. As of July 2022, Hashflow raised $25 million, bringing its valuation to an impressive $400 million​​.

In November 2023, Hashflow (HFT) marked a significant milestone by unlocking 160 million HFT tokens, which accounted for 74% of its circulating supply. This event highlighted the strategic distribution of resources within the Hashflow (HFT) ecosystem, with funds allocated across areas such as ecosystem development, core team, early investors, and community rewards​​.

Hashflow (HFT) differentiates itself through its advanced cross-chain trading capabilities, which do not involve external bridges or require traders to lock assets as collateral for wrapped versions on the receiving blockchain. This seamless process ensures fair asset prices and protects against slippage and common DeFi attacks. The HFT  token, central to Hashflow’s ecosystem, serves multiple purposes, including governance and in-DAO health and rewards within its gamified DAO platform, the Hashverse. The innovative approach of Hashflow (HFT), combining DeFi-native RFQs and a unique governance model, sets it apart in the competitive DeFi landscape and positions it for potential growth and adoption​​.

Conclusion

The recent theft of $112 million in XRP underscores the inherent risks and vulnerabilities within the cryptocurrency market. This event highlights the importance of diversification to mitigate risks associated with the volatility and unpredictability of the market.

Altcoins like ScapesMania offer promising alternatives. This specific project, for example, offers a fresh gaming-related concept and significant early backing opportunities during the public sale that might go even better than the seemingly record-breaking presale.

Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania

The post As $112m XRP was stolen, It’s time to diversify your Portfolio with these Altcoins appeared first on Blockonomi.

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