Crypto Drama: XRP vs Bitcoin, Shiba Inu’s Rollercoaster, and Brazil’s Bold Move!

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Welcome to the wild world of crypto, where the only thing more volatile than the prices is the news! Buckle up, folks!

Ripple CTO spills the tea on XRP vs Bitcoin

So, Ripple’s very own David Schwartz decided to jump into the Twitterverse and enlighten us mere mortals about the oh-so-dramatic differences between XRP and Bitcoin. Spoiler alert: there’s a lot more Bitcoin floating around than XRP. Shocking, right? He casually mentioned that the only reason we see fewer BTC is that it’s a bigger deal in the value department. I mean, who knew? 🤷‍♀️

In his infinite wisdom, Schwartz pointed out that comparing these two based solely on supply is like comparing apples to… well, more expensive apples. XRP has a max supply of 100 billion (yes, billion with a ‘B’), while Bitcoin is sitting pretty at 21 million. And just to keep things spicy, Bitcoin is currently trading at a jaw-dropping $97,946, while XRP is chilling at $2.73. So, in dollar terms, Bitcoin is still the big boss. Schwartz quipped, “There’s no meaningful sense in which Bitcoin is scarcer than XRP.” Thanks for clearing that up, David! 🙄

Shiba Inu (SHIB): The comeback kid? Maybe?

In other news, our favorite meme dog, Shiba Inu, has hit a potential support level that could either be a glorious comeback or just another sad tale of decline. It’s like watching a soap opera, really. The double bottom pattern near $0.00001485 suggests it might be stabilizing, but let’s not get our hopes up just yet. A death cross appeared on SHIB’s chart, which sounds ominous, but it could also mean a plot twist is coming! 🎭

For SHIB to rise from the ashes, it needs to break through some serious resistance levels, starting with the 50-day moving average at around $0.00001700. But with the current lack of buying enthusiasm, it’s looking more like a sad puppy than a fierce wolf. If the selling pressure keeps up, we might see SHIB tumble down to $0.00001300 or lower. Yikes! 😬

Brazil’s bold move: First XRP ETF approved!

And finally, Brazil is strutting its stuff by launching the world’s first XRP-based ETF! 🎉 According to the Comissão de Valores Mobiliários (CVM), Hashdex has gotten the green light to roll out this shiny new product. But hold your horses; we don’t know when it’s actually hitting the Brazilian Stock Exchange (B3). Talk about suspense!

With over 200 million people, Brazil is a massive playground for crypto investments. This XRP ETF is like a golden ticket for both institutional and retail investors who want to dip their toes in without the hassle of private wallets. Meanwhile, the U.S. is still trying to figure out what to do with their XRP ETF plans. Brazil is clearly winning this round! 🏆

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2025-02-20 19:44