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The heated conversation that seems to never get settled in the crypto community is the age-long debate of whether Shiba Inu will ever reach $1.Analysts have thrown their weight into this discussion and their viewpoints are cogent and, hence should be adhered to. Shiba Inu (The hype of a lifetime) Shiba Inu made a big splash in 2021 thanks to its meme status which was inspired by Dogecoin and a surge of enthusiasm and virality. Its basic value proposition is still highly dependent on speculative activity and community attitude, even with a robust community and ongoing development. SHIB’s price trajectory remains vulnerable to market sentiment and any regulatory actions, as achieving a $1 market cap would necessitate an enormous market capitalization which looks mathematically unlikely.Although SHIB has a low price that makes it easily accessible to new investors, analysts believe that the lack of valid utility makes it unsustainable, especially in the long run.In times past, SHIB’s brief rally has been fueled by FOMO, rumours, and overall market sentiments, which is not a good option for investors.While they have cast doubt on the possibility of SHIB reaching $1, especially anytime soon, these analysts have suggested better options for investors seeking to capitalize on the market. Analysts Suggestions Emerge, Retik Finance & Bitcoin are better options In a convincing tone, Analysts have weighed in to give potential options in place of Shiba Inu: Retik Finance: Retik Finance has garnered interest because of its extensive DeFi ecosystem, which is intended to provide new users and investors with a myriad of useful features. Retik seeks to close the gap between traditional finance and cryptocurrency with products including the Retik Wallet, DeFi Debit Card, Retik Pay, etc. It is positioned as a viable platform for users looking for a strong DeFi experience because of its emphasis on scalability, security, and user-centric services. Bitcoin: As the first cryptocurrency and a store of value, Bitcoin continues to be a respected alternative to other conventional systems. Although being a decentralized digital asset and an inflation hedge are its main uses, its scarcity, acceptance as a digital store of value, and widespread adoption also enhance its utility. In the cryptocurrency world, Bitcoin is well recognized for its worth as a long-term investment and a way to transfer money across borders. Retik Finance; The Driving Vision Retik harbours a visionary perspective that extends beyond the current financial landscape, envisioning a future characterized by heightened financial empowerment, unwavering dependability, and unparalleled transparency.This vision extends its reach to encompass individuals, enterprises, institutions, and even governments, transcending geographical boundaries and socioeconomic disparities.At the core of this transformative vision are cutting-edge technologies meticulously designed to serve as bridges, fostering seamless connections between the intricate realms of cryptocurrency and traditional fiat payment systems. Utility tokens are better than Penny tokens Cryptocurrency utility goes beyond just being worth money; it includes useful applications, use cases, and ecosystem functionality. Shiba Inu, which relies mostly on community hype and its memetic origin, is less diverse and established than Retik Finance, which offers a variety of DeFi options, and Bitcoin, which serves as a store of value and a medium of exchange.Retik Finance and Bitcoin are more in line with the utility-driven goals of users and investors looking for long-term profit, a strong DeFi ecosystem, a reliable store of value, and international transaction capabilities than Shiba Inu. Conclusion While the crypto world is within touching distance with a new crypto year, utility tokens like Bitcoin and Retik Finance emerge as the strongest potential for massive profits.The Bitcoin community, anticipating the approval of bitcoin ETFs, which will drive up its value and also the bitcoin halving, which reduces supply, and ultimately leads to increased value.On the other hand, Retik Finance is set to launch on major exchanges in 2024, a move that will inadvertently cause its value to rise like a rocket. Investors who purchase Retik Finance now stand to benefit the most from this highly anticipated event. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com/ Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance
 
In the whirlwind landscape of cryptocurrency, the Mina Protocol has taken center stage with an extraordinary 47% surge in its native token, MINA, within the past week. Currently riding high at $1.40, a level not witnessed since May 2022, MINA’s impressive rally has ignited contemplation among investors: Can it breach the elusive $2 mark in the immediate future? Mina’s Surge: CEO Appointment And Swiss Relocation This surge in MINA’s value is not a mere coincidence; it’s the result of a convergence of significant developments that have unfolded in recent weeks. December 19 marked a pivotal moment when the Mina Foundation announced the appointment of Kurt Hemecker as the new CEO, a distinguished business development specialist in the FinTech space. Simultaneously, the foundation strategically relocated its operations to Geneva, Switzerland, amplifying the positive sentiment surrounding MINA due to anticipated regulatory benefits and enhanced networking opportunities within the cryptocurrency community. Another driving force behind MINA’s remarkable surge is the introduction of the Paima ZK layer. A collaborative effort involving Paima Studios, Mina, ZekoLabs, and Class Lambda, this layer represents a groundbreaking leap in blockchain gaming technology. It can deploy Zero-Knowledge (ZK) proofs to any Layer 1 (L1) ecosystem, supporting both EVM and non-EVM codebases. The layer’s innovative capacity to enable dynamic scaling of on-chain games, akin to the traditional “world select” in web2 games, adds a novel dimension to MINA’s utility. MINA Faces Resistance At Recent Highs Despite the positive momentum, MINA encounters initial resistance at its recent peak of $1.48, with additional overhead resistance noted between $1.5817 and $1.6337. While the broader trend remains upward, cautious optimism is warranted as short-term oscillators hint at early signs of peaking momentum, prompting vigilance among traders and investors alike. Meanwhile, Sebastien Guillemot, the principal developer at Cardano, alluded to significant advancements for the blockchain in 2024 in a recent X post. Guillemot’s expressed enthusiasm about collaborating with Arbitrum suggests a potential fusion of Cardano with Arbitrum and Mina Protocol. Paima Studios, under Guillemot’s leadership, has already contributed to the progression of Layer-2 solutions, releasing a solution for Cardano’s on-chain gaming this year. The alignment with Arbitrum and Mina Protocol points toward a paradigm shift in the blockchain landscape, promising further innovation and seamless integration. Featured image from Shutterstock
 
Ethereum (ETH) has long been a cornerstone in the ever-changing world of cryptocurrencies, having been a pioneer in the development of smart contracts and decentralized apps (dApps).But a fresh competitor, Retik Finance (RETIK), is gaining popularity quickly and luring investors in with its Presale. This dramatic change in interest points to a possible threat to Ethereum’s hegemony and reveals Retik Finance’s growing allure in the cryptocurrency space.While Experts predict that Ethereum will struggle to reach its previous all-time high of $4800, Retik Finance’s token, $RETIK is said to return 15x profits in 2024. The Rise of Retik Finance and Ethereum’s Domination There is no denying Ethereum‘s reputation as a major pioneer in the blockchain industry. But because of problems like high gas fees and network congestion, investors are looking for other options. Here comes Retik Finance, a cutting-edge DeFi ecosystem with a range of services ready to unseat Ethereum as the dominant player in the market.Retik Finance represents an innovative platform aiming to establish a fully decentralized finance ecosystem, effectively closing the divide between the realm of cryptocurrencies and conventional fiat applications like Visa and Mastercard Debit Cards. Through the substitution of third-party intermediaries in financial transactions—such as banks and middlemen—with secure and efficient Smart Contracts, Retik Finance strives to deliver a financial environment that’s not only more transparent but also built on trustworthiness for its users. Retik Finance’s Vision Retik harbours a visionary perspective that extends beyond the current financial landscape, envisioning a future characterized by heightened financial empowerment, unwavering dependability, and unparalleled transparency. This vision extends its reach to encompass individuals, enterprises, institutions, and even governments, transcending geographical boundaries and socioeconomic disparities. At the core of this transformative vision are cutting-edge technologies meticulously designed to serve as bridges, fostering seamless connections between the intricate realms of cryptocurrency and traditional fiat payment systems. Revealing the Investors’ Interest; The Allure of Retik Finance Investors looking for a novel Ethereum alternative are drawn to the Retik Presale. Investor attention has been captured by Retik Finance’s extensive ecosystem, which includes the Retik Wallet, DeFi Debit Card, Retik Pay, etc. The platform’s focus on security, scalability, and feature-rich services is evidence of its potential to establish a distinctive position for itself in the DeFi market.Retik Finance’s appeal is derived from its capacity to alleviate certain issues encountered by Ethereum users. Retik Finance is an alluring option for investors frustrated with Ethereum’s drawbacks because of its quicker transaction rates, lower fees, and intuitive user interface. Investors looking for innovation and growth potential are drawn to the Retik ecosystem because it offers a wide range of DeFi features together with improved security. Retik Finance goes toe-to-toe with Ethereum It’s not just a chance that Retik Finance is starting to become a serious contender to Ethereum; rather, it’s the outcome of careful planning and a clear goal to offer a strong DeFi ecosystem. Because of its emphasis on scalability, useful applications, and user experience. The increase in investors during the Retik Presale is indicative of the rising trust that Retik Finance can upend the status quo and provide a competitive alternative in the cryptocurrency market.The shift in opinion among the crypto community is reflected in investors’ support for Retik’s long-term impact. It goes beyond just looking at new investment opportunities; it’s also a vote of confidence in a platform that improves upon Ethereum’s drawbacks and promotes innovation and usefulness. Retik Finance has the ability to completely change the DeFi market and open the door to a more open and effective ecosystem, while also yielding at least a 15x yield. Conclusion Retik Finance’s Presale is attracting interest and investments, signalling the start of a new phase in the development of DeFi. Although tough, Retik’s network offers reduced fees, scalability, and a user-centric strategy that could pose a threat to Ethereum’s dominance. The change in the attention of investors highlights the increasing need for alternatives that provide useful answers and innovation in the DeFi space.In addition to drawing attention, Retik Finance’s successful presale reflects a wider shift in investor opinion in favour of platforms that offer innovation, scalability, and user-friendly experiences. With Ethereum set to implement the Cancun upgrade in 2024, it will experience a brief rally, but a $5000 mark seems illusionary.With Retik Finance still at presale, and set to launch on major exchanges in 2024, its prices could yield 15x better profits. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com/ Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance
 
In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape. As the demand for its network reached a fever pitch, developers flocked to Arbitrum, surpassing the likes of Polygon, Optimism, Avalanche, and even the formidable Solana. The meteoric rise of ARB isn’t just a spectacle; it’s a testament to its resilience and adaptability. In the latest twist of the crypto bull run, ARB has displayed an impressive recovery, trading at an enviable $1.62. ARB Shows Mettle With 42% Rally In Weekly Charts A formidable 25% surge in the last 24 hours and a solid 42.4% increase over the past week underscore the coin’s enduring strength as Arbitrum buckles up for major partnerships in 2024. The journey from its yearly low has been remarkable, witnessing an 80% surge that catapulted its market cap beyond the $1.6 billion mark. It’s a stark contrast to the all-time high of $8.67, a summit conquered just nine months ago. Arbitrum’s allure extends beyond price dynamics; it boasts a burgeoning ecosystem teeming with renowned developers. According to DeFi Llama, its Total Value Locked 24.3% surge in the last 24 hours Arbitrum Unveiled: Ethereum’s Scaling Prodigy Specifically created to support Ethereum’s scalability, Arbitrum is a decentralized platform. By scaling Ethereum, Arbitrum provides users with an Ethereum-like platform where they may engage in on-chain activities at a lower cost than what they would pay on the Ethereum mainnet. The Ethereum submodules known as Arbitrum rollups power Arbitrum. The rollups remove the requirement for Ethereum nodes to validate arbitrum transactions, suggesting that Ethereum will accept the Arbitrum layer’s credibility for on-chain operations from the standpoint of “innocent until proven guilty.” With over 50% YoY growth in developer headcount, the Arbitrum chain is among the fastest-growing Layer 2 solutions, according to the 2023 Developer Report. The ecosystem currently consists of a wide variety of components as a result of this exponential expansion in development. On March 23rd, Arbitrum orchestrated a groundbreaking airdrop, disbursing 1.27 billion ARB tokens to over 600,000 eligible wallets. This spectacle coincided with a surge in daily transactions, hitting a single-day high of 2.73 million, as reported by Arbiscan. Meanwhile, DCSpark and Paima Studios co-founder Sebastien Guillemot have discussed the possibility of working together in 2024. A member of the Cardano community and software engineer Guillemot wrote on X, predicting additional projects in 2024 that integrate Arbitrum with Cardano and Protocol. Guillemot thinks that merging both platforms will be beneficial, especially given Ethereum’s current market conditions. Featured image from Freepik
 
Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). Notably, the ETC Group has released a comprehensive report shedding light on the potential for new all-time highs in 2024 and an impressive milestone of $100,000 by year-end. Bitcoin Price Recovery Sets The Stage For A Promising 2024 According to the ETC Group’s recent report, 2023 served as a recovery year for Bitcoin and crypto assets, with pivotal catalysts setting the stage for the following year. Per the report, BlackRock’s spot Bitcoin ETF filing in June 2023 laid the groundwork for increased adoption of this emerging asset class in 2024 and beyond. Despite the progress made, the report highlights that Bitcoin and other cryptocurrencies are still in their infancy in terms of adoption in most developed countries. Global surveys indicate an adoption rate of approximately 18%, suggesting that roughly one in five individuals worldwide holds some crypto asset. One of the highly anticipated events expected to drive Bitcoin price appreciation is the BTC Halving scheduled for the end of April 2024. While some argue that the halving is already priced in due to its public knowledge, historical data demonstrates significant price increases following previous halvings. Notably, the ETC Group’s base case prediction forecasts that Bitcoin’s price will reach new all-time highs in 2024 and surpass $100,000 by the year’s end. On-Chain Metrics Signal Bullish Outlook For BTC In 2024 Several on-chain metrics indicate that Bitcoin’s supply is scarcer this cycle than the previous one. According to the report, key indicators such as the percentage of exchange supply at a 5-year low and the all-time high percentage of supply in the last 1+ years suggest a potential bull market with increased distribution of accumulated coins to new investors. Additionally, macro factors, including the potential approval of a spot Bitcoin ETF in the US, a likely US recession, a reversal of monetary policy, and geopolitical risks, contribute to a favorable outlook for the Bitcoin price in 2024. A major point of discussion among investors revolves around the potential price impact if a spot Bitcoin ETF gets approved in the US. The report highlights that variations in global Bitcoin ETP flows have explained approximately 40% of Bitcoin’s price variation over the past six months. Assuming that 20% of investors would consider such an investment and allocate 3% of their assets under management (AuM) to Bitcoin, an estimated $33.5 billion of new capital could enter the market. This influx of funds, almost doubling the global Bitcoin ETP AuM, could lead to a price impact of around 98%. Overall, the ETC Group’s in-depth analysis and predictions suggest an auspicious year for Bitcoin price 2024. With anticipated new all-time highs and the possibility of surpassing $100,000 by year-end, Bitcoin’s growth trajectory shows no signs of slowing down. Featured image from Shutterstock, chart from TradingView.com
 
Bitcoin price found support and started a decent increase above $43,000. BTC is rising, but it might struggle to clear the $44,300 and $44,500 resistance levels. Bitcoin tested the $41,650 zone an started a fresh increase. The price is trading above $43,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $43,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move surge toward the main resistance at $44,300. Bitcoin Price Restarts Increase Bitcoin price was able to find bids above the $41,500 level. BTC formed a base and recently started a fresh increase from the $41,637 low. There was a steady increase above the $42,500 resistance zone. There was a break above a connecting bearish trend line with resistance near $43,350 on the hourly chart of the BTC/USD pair. The pair even climbed above the 61.8% Fib retracement level of the downward move from the $44,429 swing high to the $41,636 low. Bitcoin is now trading above $43,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $43,780 level. It is close to the 76.4% Fib retracement level of the downward move from the $44,429 swing high to the $41,636 low. Source: BTCUSD on TradingView.com The first major resistance is $44,000. The main hurdle sits at $44,300. A close above the $44,300 resistance could start a decent move toward the $45,000 level. The next key resistance could be near $45,500, above which BTC could rise toward the $46,500 level. Another Rejection In BTC? If Bitcoin fails to rise above the $44,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $43,350 level. The next major support is near $42,750. If there is a move below $42,750, there is a risk of more losses. In the stated case, the price could drop toward the $42,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $43,350, followed by $42,750. Major Resistance Levels – $43,750, $44,000, and $44,300.
 
Binance Coin (BNB), despite experiencing a significant decline earlier this year due to market volatility and the SEC lawsuit against Binance and its founder Changpeng Zhao (CZ), has shown remarkable recovery and promising prospects. Recent data indicates a resurgence in the BNB price, driven by the growing usage of decentralized applications (DApps) on the Binance Smart Chain (BSC). Additionally, BNB’s fundamentals, including impressive market cap figures and increased revenue, further contribute to the positive momentum. BNB Price Rally Fueled By DApp Adoption? After witnessing a sharp decline from its yearly high of $350, BNB experienced a drop to the $203 level following the SEC lawsuit against Binance and CZ. However, recent price movements show signs of recovery and bullish sentiment. Over the past 24 hours, BNB has gained 4.5%, and its performance in the seven, fourteen, and thirty-day time frames demonstrates an upward trend, with gains of 20%, 24%, and 38%, respectively. One of the driving factors behind BNB’s price rally is the increasing use of DApps on the Binance Smart Chain. Data from DappRadar reveals a surge in DApp volume, currently at $4.83 billion, representing a 12% increase. The BNB chain boasts an ecosystem of 5,120 DApps and has recorded 4.89 million transactions, reflecting a 12.73% surge in the past seven days. These figures indicate a growing demand for BNB as it serves as the primary token within the BSC ecosystem. Comparing BNB to Ethereum (ETH), DappRadar data highlights BNB’s superior performance in various indicators such as contracts, total unique active wallets (UAW), decentralized finance (DeFi) total value locked (TVL), and non-fungible token (NFT) volume. The BNB chain has held the top position over the past 24 hours, showcasing its usage and adoption. This outperformance contributes to the positive market sentiment surrounding BNB and bolsters its price. Binance Coin Market Cap Surges To $48 Billion Further boosting the Binance Coin prospects, Token Terminal data reveals impressive market cap figures for BNB, with a circulating market cap of $48.02 billion, marking a 14.18% increase. Additionally, BNB’s fully diluted market cap stands at the same value, reflecting a 28.32% growth. The revenue generated by BNB in the past 30 days has increased by 28.51%, reaching $1.47 million. Furthermore, BNB has recorded significant fee growth, with a 27.98% fee increase over the past 30 days and an annualized revenue of $187.56 million. These fundamentals contribute to the positive sentiment surrounding BNB. Overall, Binance Coin has staged a strong recovery, demonstrating a notable price rally driven by the increasing usage of DApps on the Binance Smart Chain. However, there is a bold prediction by a crypto analyst that could further boost the sentiment and excitement surrounding the token. Binance Coin To Reach New Yearly High? According to Captain Faibik, a prominent crypto analyst on X (formerly Twitter), Binance Coin is poised to achieve a new yearly high in the first half of 2024. This prediction is based on an analysis of BNB’s 1-week chart, revealing a breakout from a descending triangle pattern, signaling the end of the macro downtrend and initiating a new uptrend phase for BNB. Looking at the chart below, Faibik suggests that BNB’s price could potentially experience an impressive uptrend of 171% in the initial weeks of 2024. This surge would propel the token’s price above the current all-time high (ATH) of $686. However, several resistance levels must be overcome for this projection to materialize. Notably, at the current trading price of $307, BNB faces a significant seven-month resistance barrier, which currently hinders its ascent to the $314 level, the next resistance level in the near term. Analyzing the 1-day chart, it becomes evident that reaching the all-time high level would require surpassing additional macro resistance levels, including $329, $402, $450, $563, $607, $639, and $653. While the theory proposed by Faibik holds promise, the actual realization of Binance Coin’s new yearly high in the early months of 2024, along with a sustained uptrend, remains to be observed. Featured image from Shutterstock, chart from TradingView.com
 
Ethereum price is gaining pace above the $2,320 resistance zone. ETH is up over 5% and it seems like ETH is finally outperforming Bitcoin. Ethereum is gaining pace and trading above the $2,300 support zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally toward the $2,500 and $2,550 resistance levels. Ethereum Price Starts Fresh Rally Ethereum price extended its decline below the $2,250 level. ETH even spiked below the $2,200 level before the bulls appeared. A low was formed near $2,180 and the price started a strong increase, outperforming Bitcoin. There was a move above the $2,250 and $2,280 resistance levels. The bulls even pumped the price above the $2,350 resistance. A new multi-day high is formed near $2,441 and the price is now consolidating gains. The price is now trading above the 23.6% Fib retracement level of the upward move from the $2,180 swing low to the $2,441 high. Ethereum is now trading above $2,350 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,440 level. Source: ETHUSD on TradingView.com The first major resistance is now near $2,500. A close above the $2,500 resistance could send the price toward $2,500. The next key resistance is near $2,620. A clear move above the $2,620 zone could start another increase. The next resistance sits at $2,700, above which Ethereum might rally and test the $2,800 zone. Downside Correction in ETH? If Ethereum fails to clear the $2,440 resistance, it could start a fresh decline. Initial support on the downside is near the $2,380 level and the trend line. The first key support could be the $2,320 zone or the 50% Fib retracement level of the upward move from the $2,180 swing low to the $2,441 high. A downside break and a close below $2,320 might spark more bearish moves. In the stated case, Ether could revisit the $2,200 support. Any more losses might send the price toward the $2,120 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,320 Major Resistance Level – $2,440
 
Curve Finance founder Michael Erogov has moved over 23 million CRV, the native governance token of the Curve DAO, to Binance, the world’s leading cryptocurrency exchange, over the last five days, The Data Nerd, on December 27, shows. The founder moved 2.5 million CRV on December 27. This transfer may ruffle investors, raising concerns because it could indicate that Erogov is likely liquidating. CRV Is Firm, Up 60% In The Last 3 Months While the founder’s sale of CRV could put downward pressure, the token remains firm and is up roughly 60% from September 2023 lows. The token trades above $0.60 at spot rates, rejecting selling pressure as the daily chart shows. If bulls press on, it could break above $0.72 to record new 2023 highs. The token is trending higher, rejecting bear attempts amid improving sentiment across the crypto scene. Although Erogov is selling CRV, the market seems to interpret the move as bullish. The spectacular revival of CRV is net bullish for the protocol, suggesting that investors are still confident despite headwinds in early H2 2023 when several Curve pools were exploited due to a Vyper compiler issue. Curve Founder Sold CRV To Prevent Liquidation Of DeFi Loans Following the hack in late July 2023, Erogov was forced to liquidate a large chunk to prevent liquidation. On its part, the hack led to over $52 million in crypto assets, including 7.19 million worth of CRV, lost. In the aftermath of the hack, prices crashed. At the time of this hack, Erogov had over $100 million in DeFi loans backed by 427.5 million CRV as collateral. As CRV prices fell, the health of Egorov’s loans fell in tandem. If the value of Egorov’s CRV collateral were to fall further, it could face liquidation. This meant that all protocols from where the founder had borrowed using CRV as collateral would have been forced to sell the token at spot rates to repay the loan. As an automated intervention, the event would have likely caused a cascade, even impacting ordinary holders using CRV as collateral. To avoid this and as a form of intervention, Tron founder Justin Sun and multiple other parties, including Jeffrey Huang, made deals to buy CRV from the Curve founder, preventing this liquidation from happening. According to DeBank on December 27, Erogov’s crypto portfolio was north of $136 million. Out of this, the founder owns over $38.9 million of CRV.
 
A Dogecoin whale address recently made a transfer of 71.2 million DOGE valued at $6.3 million into Robinhood from a private address. According to various social media posts by whale transaction tracker Whale Alerts, large DOGE transfers in and out of exchanges have seen an uptick since the beginning of the week. At the same time, the price of DOGE has traded between a high end of $0.097 and a low end of $0.089. Massive DOGE Transfer Into Robinhood The uptick in massive DOGE transfers from whales has had investors thinking of the crypto’s outlook in the next few days. When whales make big transfers like this, it often signals they’re about to make a major buy or sell order that can impact the price. In this case, data from on-chain data shows that the 71.2 million DOGE tokens were transferred from the private address “DF8jRK” to the Robinhood-linked address “DHQsfy.” The token transfer seems to have been a major part of the address’ holdings. At the time of writing, the address “DF8jRK” holds 36.3 million DOGE tokens, worth approximately $3.3 million. Consequently, the transfer to Robinhood, a major crypto exchange, suggests the whale may be preparing to sell their DOGE holdings, which could drive the price down. On the other hand, Whale Alerts has reported other large transfers during the last few days. For example, 367 million DOGE tokens worth $33.6 million were transferred between two unknown wallets. Also, 999 million DOGE tokens worth $91 million were sent from Binance to an unknown wallet in the past 24 hours. However, the crypto exchange clarified that the transfer was part of its standard wallet maintenance. Current State Of Dogecoin Dogecoin’s price movement this year has generally lacked the volatility and enthusiasm it has experienced from traders in past years. The crypto is currently trading at $0.09255, down by 0.29% in the past 24 hours, and has been stuck in a sideways movement. On the monthly timeframe, DOGE is up by 16% in the past 30 days. DOGE recently hit a yearly high of $0.10 this December. According to crypto analyst Ali Martinez, network activity has increased this month, with a steady rise in the creation of new DOGE addresses. Dogecoin now has 5.29 million addresses with a balance, reiterating its position as the largest meme coin and the fifth-largest address count in the crypto market. However, IntoTheBlock’s Active Addresses Ratio shows that the majority of these addresses are inactive, with only a 2.73% average in the past 30 days.
 
As the crypto industry marches into 2024, Ethereum draws significant attention from analysts and investors alike. Amidst the swirling currents of the crypto market, Ethereum stands at the cusp of what some analysts are predicting to be a ‘transformative period.’ This anticipation stems from two crucial developments: an impending network upgrade and the potential approval of Ethereum-based spot ETFs, according to renowned analyst CryptosRUs. Catalysts For Growth: Upgrades And Spot ETF Approval The Ethereum network is gearing up for its next major upgrade, slated for January 2024. This upgrade, known in the crypto community as the Dencun Upgrade, is expected to usher in a range of enhancements to boost network efficiency. Key among these improvements are features designed to shrink transaction fees on the Ethereum mainnet. This move could significantly ease congestion issues that have long been a concern for users and developers. Additionally, modifications to smart contract operations and enhancements to staking protocols are on the cards, setting the stage for an optimized Ethereum ecosystem. According to CryptosRUs, the anticipated Dencun Upgrade is not the only factor fueling optimism for Ethereum’s growth in 2024. The analyst has further highlighted the potential impact of approving a spot exchange-traded fund (ETF) for Ethereum. Such a development could mark a pivotal moment for Ethereum, potentially driving widespread adoption and significant price appreciation. The analyst points out that approving an Ethereum spot ETF could mirror the influence seen in other markets, substantially boosting investor confidence and market liquidity. Regulatory Hurdles And Ethereum Growth Trajectory So far, the path to a spot ETF approval appears to be intertwined with regulatory processes. The US Securities and Exchange Commission (SEC) has been extending its timeline for decision-making on both Bitcoin and Ethereum spot ETFs. With numerous applications pending, the crypto market awaits the SEC’s verdict, which is anticipated to arrive in 2024. The SEC noted in a recent filing: Meanwhile, Ethereum’s performance continues to exhibit resilience and growth. Over the past year, Ethereum’s value has increased by 88.2%, with a continued upward trajectory evident in recent trading periods. At the time of writing, ETH has experienced a 5.3% surge in the last 24 hours, trading at $2,346. Furthermore, CryptosRUs analysis also extends to ETH, which has shown price movements analogous to Solana’s (SOL) recent surge. SOL’s value has soared by over 100% in the past month, leading the analyst to draw parallels with Ethereum’s potential price trajectory. CryptosRUs suggest that ETH may exhibit a bull flag pattern as it heads into the upcoming upgrade and possibly spots ETF approval, mirroring Solana’s recent performance. Featured image from Unsplash, Chart from TradingView
 
A pattern in the supply of the Bitcoin long-term holders could provide some hints about when the next bull run might begin in earnest. Bitcoin HODLer Balance Has Followed A Specific Pattern In Previous Cycles According to the market intelligence platform IntoTheBlock, the supply of the BTC HODLers is “an excellent indicator for measuring market cycles.” The “HODLers” or long-term holders (LTHs) refer to the Bitcoin investors who have held onto their coins since at least a year ago without having sold or transferred them on the blockchain. The LTHs are the resolute hands in the market, which rarely sell their coins even when a profitable opportunity has presented itself or a deep price crash has occurred. One way to track the behavior of these diamond hands is through the combined amount of balance they carry in their wallets. The chart below shows this Bitcoin metric trend over the past few years. As displayed in the above graph, the Bitcoin supply held by the HODLers has been showing some growth over the past couple of years, suggesting that the LTHs have been accumulating. This rise in the indicator has also continued through the latest rally, implying that the LTHs aren’t yet ready to start taking their profits. Something to note is that when the metric goes up, it doesn’t mean buying is happening in the present. The indicator naturally has a 1-year lag associated with it, as coins must mature for that long before they can be included in the cohort. However, this only applies to buying as the holders moving their coins to sell instantly reset the age back to zero and, hence, remove them from the group. In the chart, the analytics firm has highlighted a pattern that the Bitcoin LTH supply has observed during the leadup to past bull runs. It would appear that the HODLers have shown accumulation in such periods. On the other hand, the start of selling from this cohort coincided with the beginning of the bull rally in proper. So far, the HODLers have only been accumulating recently, implying that the market may be in the pre-bull run phase. If the historical pattern indeed holds for the current cycle as well, then the HODLer supply could be one to watch, as a significant downtrend in it could turn out to be a signal that the bull run has begun once more. BTC Price Bitcoin had plunged towards the $41,700 mark yesterday, but the asset has already seen some sharp recovery as its price is now trading around the $43,000 level.
 
MicroStrategy spent almost $42,110 per Bitcoin for its most recent stockpile. The firm and its subsidiaries now own 189,150 BTC. Amidst mounting speculation about the possibility of a spot Bitcoin ETF being approved in the U.S, business intelligence company MicroStrategy continues to accumulate Bitcoin. In its 8-K filing with the U.S SEC, MicroStrategy and its subsidiaries formally disclosed that from November 20, 2023, to December 26, 2023, the business acquired an additional 14,620 BTC for $615.7 million in cash. Including fees and other charges, MicroStrategy spent almost $42,110 per Bitcoin for its most recent stockpile, as stated in the filing. Banking on Bitcoin At an overall purchase price of almost $5.9 billion and an average purchase price per BTC of nearly $31,168, MicroStrategy and its subsidiaries now own 189,150 BTC. This follows its last enormous purchase of 16,130 Bitcoin in November this year, at a price of $36,785 per Bitcoin. In September and October of 2023, the business purchased 6,067 BTC, and in June of the same year, it purchased 12,333 BTC. In keeping with the goals of its co-founder and prominent Bitcoin advocate Michael Saylor, MicroStrategy’s recent purchase demonstrates its dedication to purchasing Bitcoin. The development comes only a few weeks before January 10th, the day when the community is eagerly awaiting the SEC’s approval of a spot Bitcoin ETF. Saylor claims that the introduction of a spot Bitcoin ETF might be the “biggest development on Wall Street in 30 years” as it would allow institutional and individual investors who were previously unable to acquire BTC to do so. Bitcoin has recovered from its 2022 losses, hitting a new yearly high and showing signs of a strong year-end. It seems like there could be further growth in the future, based on previous trends. Highlighted Crypto News Today: Worldcoin Project Launches Orb Verification in Singapore
 
XRP Ledger (XRPL) witnessed a 350% surge in daily transactions, reaching 4.11 million, setting a new record high. The spike is attributed to the XRP Script, a controversial NFT minting project. Unique sender addresses on XRPL increased by 168%, and payments between accounts hit a multi-year high. The XRP Ledger experienced a massive spike in on-chain activity over the past day, with the number of daily transactions rocketing 350% to reach approximately 4.11 million. This staggering level smashes the ledger’s previous record high, set in November 2021. Behind the influx lies a controversial new NFT minting project named XRP Script, which allows users to embed data in small transaction amounts to create non-fungible tokens dubbed “XRP20s.” NFT Frenzy Overloads XRP Ledger According to data from XRP Scan, unique sender addresses on XRPL jumped 168% alongside the transaction explosion. The tally for payments between accounts also hit a multi-year high of 3.2 million transfers. The spike correlates directly with the release of XRP Script, which enables users to add inscriptions onto tiny “drops” of XRP, similar to how Bitcoin supports texts on satoshis. Participants have rushed to embed personalized data and create unique digital artifacts. This rush to mint the non-fungible tokens, analogous to the NFT manias seen on networks like Ethereum, unleashed a deluge of transactions that appears to have overwhelmed XRPL infrastructure at times. It remains unclear whether the XRP Scripture project built sufficient utility and differentiation compared to existing NFT platforms. Critics warn that most inscribed XRP is likely worthless spam clogging up XRPL. Time will tell whether the controversial XRP20 minting drive represents a bold new use case for XRPL or merely short-lived hype exploiting inscription capabilities to airdrop items lacking inherent value.
 
The most recent enhancement to Worldcoin’s World ID capability is the 2.0 version. Brazil, France, and India no longer have access to Worldcoin’s offline orb verification. The Orb, a hardware device made possible by the Worldcoin project, is now available to Singaporeans for verification purposes, marking a significant step forward in the global movement for proof of personhood. The Orb is a piece of specialized hardware that the project team uses to improve identification verification. The project is moving on with its cryptographic initiative as the news spreads around the crypto industry today. In addition, this change comes after December’s public release of the Worldcoin iris recognition pipeline and the successful launch of World ID 2.0. Solidifying Position Notably, crypto market aficionados worldwide, and Singaporeans in particular, seem to be feeling optimistic after today’s news about the Worldcoin project surfaced on the Web3 horizon. In addition, the project’s integral member Tools For Humanity (TFH) has just became an active participant of the highly regarded Singapore Fintech Association (SFA) and the ACCESS, further solidifying its position as a Web3 player. What makes the aforementioned development even more intriguing is that it seems to coincide with TFH’s product development team’s recent multi-city trip in Asia. The most recent enhancement to Worldcoin’s World ID capability is the 2.0 version. The new version’s integration with Shopify, Mercado Libre, Reddit, and Telegram allows users to showcase their humanity on various platforms, as indicated in a statement published on December 12. Customers in Brazil, France, and India no longer have access to Worldcoin’s offline orb verification option, according to reports. The onboarding process at Worldcoin, which involves the collecting of personal data such as iris scans, has caused the company to be involved in several controversies. Highlighted Crypto News Today: Shibarium Tops 200 Million Transactions As Burn Rate Soars
 
In the ever-evolving landscape of cryptocurrency, Solana has emerged as a prominent player, and within its ecosystem, meme coins are creating a buzz in the crypto community. Meme coin trading, with its inherent thrill of pump-and-dump scenarios, has gained momentum on Solana, driven by a surge in liquidity and recent airdrops that have propelled SOL prices. People who got the Pyth airdrop, the Jito airdrop, and the BONK airdrop need a place to dump and trade their free money, and Solana meme coins have given them the perfect avenue to do so. This comprehensive guide aims to walk you through the intricate process of acquiring SOL and navigating the exciting world of Solana meme coin trades, emphasizing key considerations for successful and profitable transactions. Understanding The Landscape Of Meme Coins Before delving into the specifics, let’s briefly understand the unique landscape of meme coin trading on Solana. Unlike traditional cryptocurrencies with established utilities and roadmaps, meme coins often lack such fundamentals. Don’t expect a life-changing technology that is supposed to change the crypto game. These meme coins thrive on community-driven speculation, making them a double-edged sword for traders – an opportunity for exhilarating gains or potential losses. It’s a game of rug, loss, or victory. The moment you start trading, you either make a profit or you lose. Acquiring SOL for Meme Coin Trades For those new to Solana meme coin trading, the journey begins with acquiring SOL, Solana’s native cryptocurrency. Popular exchanges like Binance, Kucoin, and Bybit offer a gateway to obtain SOL. Once secured, the next step is transferring it to a compatible Solana decentralized exchange (DEX) wallet, such as Phantom Wallet. You can add the wallet to your computer’s browser as an extension or download the app directly to your device. The SOL price has been trading pretty high since trading activities have been increasing, thanks to the meme coin trading. The last bull run saw the SOL price increase driven by an increase in NFT trading; this time around, it’s meme coins. Identifying Profitable Meme Coins With SOL in your Phantom wallet, the focus shifts to identifying promising meme coins. Platforms like Solana Dexscreener become invaluable, allowing you to track meme coins specifically on the Solana chain. Look for meme coins with lower market caps – an indicator that can significantly amplify profits during pump phases. Their names sometimes help, as meme coins with controversial names also help boost the chances of increasing the price or attracting people into trading them. Navigating Social Signals To Buy Good Coins On Solana Beyond market cap considerations, a crucial aspect of meme coin trading is community engagement. A vibrant community can drive trading activity, contributing to a coin’s success. Check X (formerly Twitter) and other social platforms for discussions around the meme coin of interest. An active community that posts updates and engages with its audience adds credibility to the project. People get more excited and motivated when they keep seeing people talk about them, this is where the FOMO (Fear Of Missing Opportunity) comes into play. Guarding Against Rug Pulls On Solana Network While pump and dump dynamics are inherent in meme coin trading, the specter of rug pulls adds an extra layer of risk. A rug pull occurs when the creators of a meme coin remove liquidity, rendering the coin untradable and leaving investors with a worthless asset. Rug pulls often go undetected until they happen, making due diligence crucial when selecting meme coins for trading. You can never be too careful about them, this is why it’s advisable to trade with what you can afford to lose. Additionally, there are scanners that provide some layer of security for investors by carrying out a rudimentary rug pull check. They check for common features of rug pull and honey pot contracts such as the inability to sell after buying, high taxes on transactions, etc. Examples of these tools include the Smart Contract Scanner by De.Fi. Choosing the Right Solana DEX The Solana ecosystem boasts various decentralized exchanges, each with its unique features. Jupiter Exchange, Raydium, Birdeye, and Orca are among the prominent options. Platforms like Birdeye also provide charting capabilities, simplifying the decision-making process for traders. Some of the charts make trading meme coins easier as they have the contract addresses of the meme coins, but to be sure, it is advisable to check their Twitter because they can be fake copies of these meme coins that might want to take advantage of the meme coin hype and rug. Executing Your First Solana Meme Coin Trade With SOL secured in your phantom wallet and a meme coin identified, it’s time to execute your first trade. Obtaining the contract address from the meme coin’s Twitter page is an essential step in the trading process. Connect your Phantom wallet to the chosen Solana DEX, input the contract address where you are supposed to swap for SOL, and initiate the swap, converting SOL to the selected meme coin. Alternatively, utilize Dexscreener to locate the “Trade On X” icon, where “X” represents the DEX for the Solana meme coin. A click directs you to a tab where the contract address is pre-filled, streamlining the trading process. This makes it easier to trade, and saves you time, should, in case, you want to trade at launch to catch the best prices. Risk Management And Future Trades Prudent risk management is essential in meme coin trading. Avoiding the “MAX” button ensures you retain SOL for transaction fees during future trades. Consider allocating a portion of your SOL rather than risking the entire amount, providing flexibility for subsequent transactions. Remember to always trade with what you can afford to lose, so you don’t lose all your money. Monitoring And Expanding Your Solana Portfolio Congratulations, you’ve completed your first Solana meme coin trade! Now, whether you choose to monitor the chart for price progress or explore additional meme coin opportunities on Dexscreener, stay informed. Analyze trading activity, distinguishing between buying and selling actions – greens for buying, reds for selling. This analysis aids in making informed decisions, allowing you to stay ahead in the dynamic world of meme coin trading. Conclusion In conclusion, navigating the realm of Solana meme coin trading requires a blend of market awareness, community engagement, and strategic decision-making. By understanding the fundamentals, conducting thorough research, and implementing sound risk management practices, you can unlock the potential for profitable meme coin trades on the Solana blockchain. As the crypto landscape continues to evolve, staying informed and adaptable will be key to success in this dynamic market. Happy trading!
 
Polygon’s native MATIC token has surged over 15% in early trading, nearing $1.10. MATIC currently trades at $1.04, marking a substantial increase from $0.88 earlier in the week. MATIC’s 24-hour trading volumes surpassed $2.3 billion, indicating a 107% increase. Polygon’s native MATIC token has jumped over 15% in early trading Wednesday, nearing $1.10 as bullish momentum propels a bid to clear 2022 highs. The surge comes as Polygon transitions from a scaling solution into a more generalizable blockchain development platform. MATIC currently trades at $1.04, up substantially after finding a footing around $0.88 earlier this week. The 15% single-day gain contributed to a 32% overall rally the past week. Polygon could hit $1.73 Boosting upside potential, MATIC’s 24-hour trading volumes exceeded $2.3 billion as of press time—a massive 107% increase over Tuesday. This highlights intense trader and investor interest in current price levels. If bullish momentum sustains, Polygon appears poised to tackle tough resistance around $1.40 in pursuit of a new yearly high. As analyst Ali Martinez noted, clearing the $0.96 threshold could open the door for prices as high as $1.73. MATIC’s ascendance from $0.3 during the summer doldrums correlates with accelerating development activity as the protocol evolves from a niche layer-2 solution into a more generalizable framework for building blockchain apps. The recent Polygon CDK launch enables developers to leverage Polygon’s modular infrastructure to create customizable chains optimized for a vast array of uses, from NFT platforms to metaverse worlds and gaming apps. Major brands are already tapping Polygon CDK to architect high-throughput, low-cost networks aligned with their product roadmaps.
 
MicroStrategy (MSTR), a prominent Bitcoin holding company, has once again expanded its BTC holdings with a substantial purchase of 14,620 Bitcoin, amounting to a staggering $615.7 million. The former CEO of the American business intelligence (BI) firm announced the acquisition, highlighting the company’s continued confidence in Bitcoin’s long-term potential. With the potential approval of Bitcoin spot exchange-traded funds (ETFs) on the horizon, MicroStrategy aims to capitalize on the positive impact on BTC’s price and the company’s profitability in the leading cryptocurrency market. MicroStrategy Stock Skyrockets 337% According to a CNBC report, MicroStrategy’s stock has experienced a remarkable 337% surge in 2023, making it one of the top gainers among US companies valued at $5 billion or more. This success surpasses the rallies of industry giants like Nvidia and Meta. Unlike its tech peers, MicroStrategy’s appeal to investors stems primarily from its Bitcoin holdings. MicroStrategy’s market capitalization currently stands at $8.5 billion, with a staggering 90% directly tied to its Bitcoin holdings. The company’s stock price closely mirrors the performance of Bitcoin, with significant fluctuations in response to the cryptocurrency’s price movements. Per the report, in 2022, when Bitcoin experienced a 64% decline, MicroStrategy’s stock plummeted by 74%. Despite the substantial gains achieved this year, MicroStrategy shares are still below their peak levels in 2021, during the cryptocurrency’s peak. Michael Saylor’s Vision MicroStrategy’s decision to invest in Bitcoin dates back to July 2020, when the company recognized the potential of alternative assets, including digital currencies. At that time, MicroStrategy had a market capitalization of around $1.1 billion, primarily driven by its software business, which has been shrinking since 2015. Co-founder Michael Saylor, who was CEO then, saw an opportunity to put the company’s idle cash reserves to work, considering low interest rates and the need for diversification. Saylor’s conviction in Bitcoin as a digital form of gold led MicroStrategy to prioritize Bitcoin purchases over equities and precious metals. This strategic move exposed investors to Bitcoin indirectly through MicroStrategy’s stock. Saylor, who transitioned to executive chairman, remains optimistic about Bitcoin’s future, expecting the bull market to continue into the next year. Despite its growing popularity, Saylor emphasized that Bitcoin still represents only a fraction of global capital allocation, with ample room for further growth. As of December 27, 2023, MicroStrategy’s latest purchase adds to its already impressive Bitcoin portfolio, bringing the total holdings to 189,150 BTC. The company has invested approximately $5.9 billion, with an average purchase price of $31,168 per Bitcoin. These strategic acquisitions position MicroStrategy as a major player in the crypto space, aligning its interests with the anticipated growth and adoption of Bitcoin. The current market data shows that Bitcoin is trading at $42,900, reflecting a marginal 0.5% increase over the past 24 hours. The cryptocurrency briefly dipped below its critical support level of $42,000 but has since regained its position. The market is anticipating the potential approval of the Bitcoin Spot ETF applications between January 5 and 10, 2024. This development holds significant promise for Bitcoin, as it could drive the cryptocurrency’s price well beyond $50,000, establishing a new yearly high and edging closer to its historical peak. Featured image from Shutterstock, chart from TradingView.com
 
Shibarium processed over 200 million transactions, with almost 9 million occurring in the last day. Approximately 8 million transfers occur daily on Shibarium, maintaining stability since early December. The total wallets connected to Shibarium have surpassed 1.3 million, showcasing ongoing adoption as developers. Shiba Inu’s layer-2 solution, Shibarium, continues to gain steam three months after launch. According to recent data, the network has now processed over 200 million transactions in total, with almost 9 million occurring just in the last day. Shibarium clocks 200 million As of December 27, Shibarium’s overall transaction tally sits at a staggering 202,277,468, crossing the major milestone amid a volume surge over the past 24 hours. Around 8 million transfers now occur daily, a level that has held steady since early December, per the analytics site. This avalanche swamps the activity on layer-1 Ethereum, where SHIB originated. Alongside the exponential transaction growth, total wallets connected to Shibarium recently exceeded 1.3 million. Developers and platforms continue migrating to adopt the high-speed, low-cost network. Community Fuels Surge With SHIB Burns Data reveals much of the recent activity comes from a booming burn initiative rather than payments or NFTs. This makes sense given that transaction fees on Shibarium get permanently destroyed. Over the past day, holders sent over 131 million SHIB to dead-end “burn addresses,” eliminating the tokens from circulation forever. This SHIB burn occurred across six transactions, the largest of which eliminated 124 million coins in a single move. Altogether, this community-driven burn push inflated Shibarium’s daily burn rate by a staggering 2400% day-over-day. Of course, lowering the token supply puts upward price pressure on the remaining SHIB. The momentum behind proactive and transaction-based burns spotlights the dedication around the meme coin project even after a crushing 95% price decline from 2021 highs. And with affordable transfer fees as low as $0.00001 on Shibarium, regular holders can cost-effectively participate.
 
A crypto analyst has put together a bold prediction as to the future trajectory of the XRP price. Based on his prediction, the XRP community could see the crypto token’s price enter three digits soon enough. XRP Price To Rise To $352 In a video posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP’s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey, who happens to be on Ripple’s board, and Robert Mitchnick, a former employee at the crypto firm. The crypto analyst had input metrics like transaction volume, circulating supply, store of value, and how long it would take to process transactions into the XRP calculator before getting the price of $352. Although there was no timeframe for when this price could be actualized, it is worth mentioning that the calculator was working with figures achieved based on a five-year outlook. The crypto analyst also alluded to an X (formerly Twitter) post before stating that the XRP community could see the crypto token “finally mooning” in 2024. The price prediction of $352 seems like a far reach, considering that XRP still sits at around $0.6. That price level, however, seems more attainable when compared with more daring price predictions like the one of XRP hitting $10,000 in the future. Analysts like Davinci Jeremie may, however, argue that anything is possible with XRP, considering that he recently suggested that the XRP price movement defies technical analysis. XRP And Other Altcoins Entering Into Bull Phase The analyst behind the JWKShow channel also shared his analysis of the altcoin market. He noted that there has been a breakout as altcoins have left the accumulation phase and are headed for the bull phase. He drew similarities between the current chart pattern and one in 2019, just before altcoins entered into the bull phase. He specifically touched on the XRP price as he stated that it is a good time to invest in the crypto token. One of his reasons for saying this is because XRP is projected to break out of a two-year trendline soon enough, which could see its price rise significantly. He also alluded to the spike in XRP’s transaction volume, which is also bullish for the crypto token. Interestingly, the crypto analyst also happens to be among those who believe that the XRP price is suppressed. He said that the price of XRP will go parabolic “when the 1% are ready, which should be in 2024.” It is, however, unclear who is the “1%” he is referring to. At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data from CoinMarketCap.
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