XRP Skyrockets 109% in Volume, 415% Profit Triggers Epic SHIB Trillionaire Awakening, $200,000 for Bitcoin Reality Now: Crypto News Digest by U.Today

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of market fluctuations and trends. Today, I find myself intrigued by three stories that have caught my eye.

Check out U.Today’s top three news stories over the past day.

XRP skyrockets 109% in volume as price hits $0.7: Details

Based on blockchain data, yesterday, XRP experienced a significant surge in trading volume by approximately 109%, reaching an impressive $8.02 billion (equivalent to around 12.6 billion XRP). Over this same period, the value of XRP rose from a low of $0.596 to a high of $0.70. This dramatic daily increase is indicative of a strong candlestick. The price recovery began on November 9 when it was gradually climbing from $0.543. It appears that the rise in XRP’s value and trading activity may be connected to a broader upward trend in the cryptocurrency market, as Bitcoin has recently hit new record highs, which has increased investor confidence. At the time of writing, XRP is currently being traded at $0.68, representing an increase of 4.42% over the past 24 hours according to CoinMarketCap. If XRP returns to its previous level of $0.70 and maintains that price, it could potentially lead to further gains in the near future.

415% profit triggers epic Shiba Inu (SHIB) trillionaire awakening

Based on reports from Spot On Chain, an early Shiba Inu investor with the wallet address “0xd6b” has resumed market activity after a break of eight months. This investor has offloaded a substantial chunk of their holdings, shifting about 100 billion tokens, equivalent to approximately $2.81 million, to the Gemini exchange. Despite this large transaction, the wallet continues to possess around 2.5 trillion SHIB tokens, currently valued at roughly $73 million. This investor has accumulated a total profit of around $120 million from their Shiba Inu holdings, translating to a return of approximately 415%. The reappearance of this wallet follows a recent surge in the price of SHIB; since early November, the Shiba Inu token has surged by 61%, reaching its highest levels in several months and nearing a significant resistance level at $0.00003. At present, SHIB is trading at $0.00002528, marking an increase of 0.34% over the past day.

$200,000 for Bitcoin (BTC) reality now

Based on its rising value, technical indicators and price movements seem to point towards Bitcoin potentially reaching a high of $200,000. These recent gains have fueled optimism as key charts indicate this target might be attainable. Using the Bitcoin Rainbow Chart, we’re currently in a favorable “HODL” zone, advising investors to hold onto their Bitcoins rather than selling. Furthermore, the Two-Year MA Multiplier chart hints that if Bitcoin breaks past a particular trendline, it could reach $200,000 – a price level historically seen as the peak in previous bull markets. All in all, the overall positive outlook, crossing over resistance levels, and increased trading volume suggest a promising future for Bitcoin in the coming months, provided that economic conditions remain favorable for cryptocurrency growth.

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2024-11-13 18:00