As a seasoned crypto investor with over a decade of experience in this wild and unpredictable world of digital assets, I have learned to embrace volatility and anticipate the unexpected. The weekend news stories have once again proven that the crypto market is a rollercoaster ride, albeit an exciting one.
U.Today has prepared a summary of the top three news stories over the weekend; check it out!
XRP price hits $1 historic milestone
16th November was a day of great jubilation within the XRP community as the Ripple-linked token, XRP, achieved a significant price milestone by reaching $1. This event also sparked a considerable increase in its market capitalization, which rose by 26.76% to a staggering $57.98 billion. Furthermore, the trading volume skyrocketed to $13.13 billion. Financial analysts have noted that the current price trend seems reminiscent of XRP’s performance in 2017 when it peaked at $3.30. This growth might be attributed to its recent addition on Robinhood, as well as the market’s optimism surrounding Ripple’s advancements in their ongoing legal battle with the SEC. Additionally, speculation about the development of Ripple’s dirham-backed stablecoin has added fuel to the fire. Lastly, Bitwise’s intentions to transform its Bitwise 10 Crypto Index Fund into an ETF, potentially including XRP, may also have played a part in the price escalation. At present, XRP is being traded at $1.14, marking a 1.33% increase over the last 24 hours.
Satoshi-era whale transfers 2,000 BTC after 14 years of dormancy
2000 Bitcoins, last active in 14 years and worth around $180 million, have recently been moved by an early miner from the Satoshi era on the analytics platform Lookonchain. This Bitcoin stash was mined back in 2010, a significant year for cryptocurrency as it marked the launch of the first-ever BTC exchange, Bitcoin Market, and saw notable transactions like the famous purchase of two pizzas for 10,000 BTC occur. Despite the coins being from when Satoshi Nakamoto was still active in the network, the likelihood that this wallet belongs to the enigmatic Bitcoin creator is minimal. In total, miners produced approximately 3.39 million Bitcoins in 2010, marking the start of an increase in mining difficulty. As of today, the combined market value of all Bitcoins stands at $1.772 trillion, with each Bitcoin trading at around $89,501.
Shiba Inu (SHIB) on verge of 23% breakout as golden cross develops
According to several technical indicators on the Shiba Inu chart, the meme token could be poised for a significant price surge. Following an impressive 71.5% rally earlier in March that peaked at $0.00003, the price has since dipped by 20%, settling around $0.000024 – a normal correction given its strong performance. At present, SHIB stands at a crucial juncture, with a possible scenario being a return to $0.00003, which would equate to a 23% increase in the next week, driven by positive signals from Fibonacci retracement levels. Furthermore, a golden cross is forming on the daily SHIB chart, a pattern that typically leads to substantial price growth; the last golden cross caused the token’s value to skyrocket by 450% between December 2023 and March 2024. The aim for Shiba Inu is to reach its all-time high of $0.00009, representing a potential increase of 264% from its current price and almost hitting a market cap of $40 billion. However, whether this ambitious goal can be achieved under the present economic circumstances remains uncertain.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Brent Oil Forecast
- EUR CNY PREDICTION
- Hunter x Hunter: Togashi Reveals the Rarest Nen Type In The Series
- OKB PREDICTION. OKB cryptocurrency
- EUR ZAR PREDICTION
- HBOs The Last of Us Used Heavy Make-up To Cover One Characters Real-Life Injury
- ZIG PREDICTION. ZIG cryptocurrency
- EUR AUD PREDICTION
2024-11-18 18:25