$1 for XRP Could Slip Away Soon, $2.5 Billion Mega Shiba Inu Whale Revealed, Binance Announces Six New Listings: Crypto News Digest by U.Today

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As a seasoned crypto investor with a knack for spotting trends and navigating market volatility, I find myself constantly intrigued by the daily updates that U.Today brings to the table. Today, three compelling stories have caught my attention.

Here are the top three news stories over the past day presented to you by U.Today.

$1 for XRP could be gone in days if this continues

Based on current trends in XRP’s price chart, there’s a possibility of a potential drop despite a rise above the $1 mark. At present, XRP is priced at $1.12, but its failure to push higher suggests waning buyer momentum, potentially threatening the support levels of $1. Key support zones lie at $0.75 and $0.69. If XRP falls below these levels, it could trigger increased selling pressure. Moreover, a high Relative Strength Index (RSI) implies the market might be overextended, typically leading to significant corrections. As trade volumes dwindle and market conditions remain unpredictable, keeping a close eye on the $1 support zone is advisable as a breach could result in substantial losses for the asset.

$2.5 billion mega Shiba Inu (SHIB) whale revealed: Could this be Ryoshi?

A recent post by Bubblemaps blockchain analytics platform revealed that they discovered a major Shiba Inu investor owning approximately $2.5 billion worth of the meme cryptocurrency. This investor, who controls around 10% of SHIB’s total supply and operates from around 150 addresses, has been accumulating this wealth since the beginning of SHIB. Initially launched on July 31, 2020, the deployer wallet 0xb8f2 held about half of the total supply, but between August and October 2020, a new player known as “0x1406” entered the scene, acquiring an astounding 103 trillion SHIB tokens for only 38 ETH, or just $10,000 at that time. Due to SHIB’s rapid surge in value, this initial investment has since grown by a staggering 25,000,000%, now worth over $2.5 billion. According to Bubblemaps’ findings, it seems that the wallet holding these SHIB tokens has retained most of its holdings since their acquisition. Some members of the Shiba Inu community suspect that this mystery wallet might be connected to Ryoshi, the elusive founder of Shiba Inu who retired from social media in 2021.

Binance announces six new listings with AI, meme coins and Solana in focus

As a crypto investor, I’m thrilled about the recent announcement from Binance, the leading global cryptocurrency exchange. They’ve introduced several fresh trading pairs: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD. Not only that, but they’ve expanded their Trading Bots services to these pairs, enabling us to employ automated trading strategies more effectively.

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2024-11-21 19:13