Threads Implements Rate Limits Like Twitter to Combat Bots, Musk Reacts

By

-

July 18, 2023

Meta’s newly launched app, Threads, has implemented rate limits like Twitter to combat bots, which sparked the reaction of Twitter’s CEO Elon Musk.

Announcing the plan to implement rate limits, Head of Instagram Adam Mosseri wrote on Threads,

“Spam attacks have picked up so we are going to have to get tighter on things like rate limits, which is going to mean more unintentionally limiting active people (false positives). If you get caught up in those protections let us know”.

Users who tend to do so many things on the Threads platform, like following people are restricted and met with the message “We limit how often you can do certain things on Threads, like following people, to protect our community”.

A Twitter user who was perplexed by the recent development on the Threads app, took to Twitter to share a screenshot of the message he received on the platform, which he captioned “Well that’s ironic”.

His tweet attracted the response of Twitter CEO Elon Musk who wrote “Seems Oppressive”.

Recall that rate limits were what Elon Musk implemented on Twitter at the beginning of July this year, to address extreme levels of data scraping and system manipulation. Users were met with a message that read, “rate limit exceeded,” when trying to view content.

Verified accounts were limited to reading 6,000 posts per day, unverified accounts 600 posts per day, and New unverified accounts 300 per day.

After Musk enforced the new limits, more than 7,000 users in the United States reported glitches and outages on Twitter and created several hashtags like #RIPTwitter and #TwitterDown. Multiple users posted memes with several others threatening to leave the platform over the limits implemented, saying they were done with Twitter.

While Musk had hinted that the limits were temporary, many Twitter users openly stated if it was the beginning of the end for the controversial microblogging platform. Some described Musk as stupid and one that doesn’t understand anything technical.

Not too long ago, Meta launched Twitter-like platform Threads, which saw over one hundred million users sign up on the text-based app, within four days of its launch.

However, in an ironic twist, several users who migrated to the Threads platform from Twitter, are now limited on certain activities they can do on the app, following its recent rate limits implemented.

Thread’s recent restriction has seen several Twitter users react

@Luau_Wolf wrote, “People moving to Threads just to encounter more rate limits. Ironic”.

@ginotluciano wrote, “Now it’s clear Zuck just copied and pasted Twitter code”

@Sinney_Scwasp wrote, “I’m sure the people who were outraged over the 1-day rate limit on Twitter and have moved over to threads will be equally outraged over this”

This move might likely deter some Threads users from using the app and likely stick to Twitter, as it makes no sense for them to still encounter why they left Twitter, to experience the same on Threads.

Meanwhile, Meta CEO said he is very optimistic about how the Threads community is coming together.

He wrote,

“Early growth was off the charts, but more importantly 10s of millions of people now come back daily. That’s way ahead of what we expected. The focus for the rest of the year is improving the basics and retention. It’ll take time to stabilize, but once we nail that, then we’ll focus on growing the community. We’ve run this playbook many times (FB, IG, Stories, Reels, etc) and I’m confident Threads is on a good path too.”

Though Threads started on a remarkable move, having leveraged Instagram’s social graph to quickly scale its user base and users’ social connections, the app’s long-term future is uncertain.

XRP Price Prediction 2023 – 2030

By

TI Partners

-

July 18, 2023

0

Ripple (XRP) is one of the oldest and most well-known cryptocurrencies and has the most institutional backing of any coin to date. After catching up with the crypto market, what could be Ripple’s future price? Before we get to that, let’s look at how much Ripple is worth and where it stands in the market. Here’s Ripple’s price today and Ripple’s market cap.

This guide will discuss the latest XRP price prediction between 2023 and 2030, highlighting how the coin’s value may be affected and showing you how to invest in XRP today – with low trading fees.

Quick XRP Predictions

The Ripple XRP coin price is expected to hit the following milestones according to our XRP price prediction forecast.

XRP Price Prediction 2023

In 2023, our XRP forecast suggests that the coin might have reached a maximum value of $1.28, with a minimum price of $0.40.

XRP Price Prediction 2025

As per our Ripple (XRP) price prediction, it is expected that the token may trade at a maximum of $2.53, with a minimum price of $1.06 in 2025.

XRP Price Prediction 2030

According to our Ripple forecast 2030, the coin may have minimum and maximum prices of around $3.81 and $6.49, respectively.

If you want to buy XRP quickly and easily, check out eToro!

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

XRP Price History

Analyzing the past performance of XRP crypto is one of the most important steps to take if you’re looking to invest wisely, so let’s take a look at Ripple’s price history and how the price of Ripple XRP has changed in the past.

When buying cryptocurrency it’s important to explore the price performance and market movements leading up to the current date. This way you can ensure you’re making an informed decision and are gaining exposure to the best crypto investments out there.

Those who invest in cryptocurrency regularly will undoubtedly have heard of XRP, as the coin was at the forefront of the ‘crypto revolution’ a few years ago. XRP has consistently been in the top 10 largest cryptocurrencies globally, although it has had a rocky period of late. With that in mind, let’s look at how XRP reached this point and where it may go in the future.

When discussing XRP, you’ll often hear it referred to as ‘Ripple’. A common misconception is that XRP and Ripple are one and the same – this isn’t the case. Put simply, Ripple is a blockchain-based payments protocol (created by Ripple Labs) that can make speedy international money transfers. XRP is actually the native cryptocurrency of the Ripple network and plays a crucial role in how these transfers are facilitated.

The idea for Ripple was formed back in 2004, although this was well before the concept of cryptocurrency became mainstream. It wasn’t until 2011 when Jed McCaleb started developing the XRP cryptocurrency using blockchain technology that Ripple became an actual entity. XRP was officially launched in 2012 and immediately began attracting attention from banks and other financial intermediaries.

Over the following years, XRP became one of the best altcoins in the market due to Ripple’s transformative potential within the banking sector. Many banks became interested due to the Ripple network’s (RippleNet) ability to facilitate fast and cost-effective cross-border payments. Given that the widely-used SWIFT network was becoming outdated, RippleNet seemed to be a natural progression for the sector as a whole.

The coin’s first bull run occurred in December 2017, when the Ripple price soared by over 1200% in a matter of weeks. This resulted in an all-time high of $3.84, which still stands to this date. Price immediately retreated from these lofty heights and trundled along until November 2020, with few notable increases occurring during this period.

Looking at the XRP price chart, the coin begins picking up steam in late 2020, with a 184% increase followed closely by a 795% surge. Notably, XRP could not sustain this bullish momentum – as the crypto markets entered into bearish territory throughout 2022. While XRP managed to gain some momentum during the start of 2023, the token has traded sideways in the past few months.

XRP is currently trading at $0.60 per token and has gone down by 8% in the past seven days.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Ripple (XRP) Technical Analysis

The future of the crypto market is uncertain, with high risk as per the recent price fluctuation and a bear market. However, our forecast tries to give the most realistic future values for cryptocurrencies. It is amazing how XRP has traversed its historic path all these years.

Technical Analysis for XRP/USD by Trading View

XRP coin entered the cryptocurrency market with a meagre $0.0058 and continued trolling the same for quite a few months. Then the news of the Ripple network joining hands with Tokyo-Mitsubishi Bank in the year 2017 totally transformed the journey for this historical platform.

If we look at the historical price movement, the coin has performed quite well in the global economy. The currency currently trades at a market value of $0.3696 with a market cap of $18,816,494,855 and a circulating supply of 50,950,912,949 XRP. It created an all-time high price of $3.84 on Jan 04, 2018.

If we compare the current price with the all-time high, the price is down by 88.10%, which is quite significant. But if we compare the all-time low, the current value is up by 16208.68%. The price fluctuations had turned out to be profitable for XRP holders or retail investor accounts.

The year 2022 has been really poor, not just for XRP but for all the cryptocurrencies. The bull market of 2021 came to a halt, and its effect has been very significant, leading to a drastic price fall in XRP. In the first month of 2022, the coin had a price of $0.84, but the price fell drastically throughout the year.

However, in 2023, the token has improved significantly. It started the year at $0.34, while currently, the Ripple XRP price is trading at $0.4567. It had even crossed the $0.55 mark. XRP is fighting hard to compete with top-ranked cryptocurrencies such as Bitcoin, ETH, Solana, BNB, etc. As per the XRP price prediction, Ripple might continue to manage its position, and that’s why Ripple is a good investment option with a great buying opportunity.

According to these XRP price forecasts, most investors are sure Ripple will not reach $10. But, the price prediction of $5 is a realistic value. Eventually, the value of $5 will also represent 15x ROI which is actually great. Hence, as per the resistance level & support level of the XRP price analysis, any user can buy or sell XRP.

XRP Price Prediction: 2023-2030

Year	Minimum Price	Maximum Price
2023	$0.40	$1.28
2024	$0.84	$1.51
2025	$1.06	$2.3
2026	$1.36	$3.95
2027	$1.76	$4.53
2028	$2.28	$5.28
2029	$2.95	$5.84
2030	$3.81	$6.49

Most traders question, “Is XRP a good investment compared to Bitcoin or ETH?” Ripple is absolutely a better investment as this cryptocurrency has sustained minor losses compared to major crypto assets like Bitcoin and Ethereum during the retreat.

However, Ripple technology makes it popular, which is a bank-to-bank transfer mechanism enabling the key highlight of cross-border transfer; Ripple has been the talk of the town. The same spirit may do a lot of good to achieve many gains on the exchange, too, for XRP’s price.