Data shared by the blockchain tracker Shibburn has revealed that in the last day, the SHIB army has managed to shovel another big meme coin lump into “inferno” wallets, removing tens of millions of SHIB.
Shiba Inu coin has again reverberated bullishness across the broader market on Thursday, witnessing a staggering 4500% uptick in the SHIB burn rate. Latest burn data indicated that over 50 million coins were taken out of the token's circulating supply, underlining the crypto's potential to pump ahead.
Shiba Inu (SHIB) has been stuck in a bit of a holding pattern, but something could be brewing. The price is sitting at $0.00002552, and it's been up about 3.77% recently. But here's the kicker—SHIB is forming a symmetrical triangle on the charts. If you're into technical analysis, you know this often signals a breakout.
The altcoin market corrects after a 55% November rally, but XRP, Stellar, and TRON hold bullish setups targeting $2, $0.63, and $0.40, respectively.
Virtually all Ripple USD (RLUSD) tokens were burned on Wednesday, according to the Ripple Stablecoin Tracker account on the X social media network.
DOGE flips Porsche, reaching $54.7B market cap. What does this mean for the future of meme coins?
Despite Dogecoin (DOGE) still being 45% below its all-time high of $0.7316, achieved in 2021, DOGE has experienced a notable year-to-date gain of over 400%. When writing, the memecoin leader trades at $0.404, up 5.6% in the past 24 hours.
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level.
Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher.
Ripple's XRP is up by more than six percent in the last 24 hours and is trading slightly below the $1.50 level. The altcoin is up by more than 36 percent in the last seven days and is now eyeing the $2 levels.
Bitcoin nears $97k as Fed rate cut hopes rise; XRP eyes $2 on speculation of SEC Ripple appeal withdrawal under Trump.
Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy. Ripple Doubles Down on Fairshake With Third $25M Contribution Ripple has reaffirmed its dedication to fostering innovation-friendly policies by contributing $25 million to Fairshake, a bipartisan Super PAC supporting pro-crypto candidates.
After a notable upside rally, XRP, the native token of Ripple, appears to be consolidating near a crucial level. Meanwhile, this ongoing consolidation has been attracting significant attention from whales and traders, as reported by on-chain analytics firms CryptoQuant and the whale transaction tracker Whale Alert.
A crypto pundit has suggested that the Dogecoin price rally is far from over, forecasting mid-term targets between $2.2 and $3.46 for the dog-themed meme coin. According to his detailed price chart, Dogecoin is currently in wave 3 of the Elliott Wave Theory and set for a significant price surge.
An analyst known as a “Master Trader” on the crypto exchange Bybit thinks that Dogecoin's (DOGE) correction is over. Pseudonymous analyst Bluntz tells his 299,300 followers on the social media platform X that the top memecoin's parabolic rally is in its early days.
XRP has been one of the most prominent beneficiaries of the recent market surge, rising significantly from $0.5031 on November 5 to a three-year high of $1.6334 on November 23. This represents a 224% increase in just a few weeks.
Ripple's investment in the Bitwise Physical XRP exchange-traded product (ETP) underscores XRP's rising prominence, driven by surging institutional demand.
SHIB's triangle pattern shows an indecision, will Shiba Inu break out or fall below support?
The crypto market has seen its fair share of unpredictable surges, from Bitcoin's meteoric rise to the XRP price rally. A new narrative is emerging around real-world asset (RWA) tokenization, with a top analyst spotlighting an RWA altcoin, PCHAIN, priced at $0.004 that could replicate the XRP price rally to $1 by January 2025.
Pro-XRP lawyer John Deaton has voiced his support for Paul Atkins as a candidate to replace outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. John Deaton, a prominent advocate for cryptocurrency regulation reform, has criticized the SEC's leadership under Gensler, alleging overreach and misconduct, particularly in its enforcement of crypto regulations.
XRP, the native cryptocurrency of Ripple, is facing a period of consolidation after a significant rally in recent weeks. Although many cryptocurrencies have experienced notable price corrections recently, XRP seems to be holding steady above the crucial support level of $1.35.
Bitcoin, Ethereum, and even Dogecoin are experiencing a surge in prices ahead of Thanksgiving after dipping at the start of the week.
XRP price has newfound upside momentum with an underlying high volatility that could flip the $1.50 level into support.
The first-ever Dogecoin Exchange Traded Product (ETP) has been officially launched, sparking excitement for a possible DOGE price rally. Combined with several other bullish factors which have fueled the recent surge in the DOGE price, this new ETP positions the top meme coin for a potential 100% increase to new highs.
Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,719.50 +5.3% Ethereum (CRYPTO: ETH) $3,599.43 +8.8% Solana (CRYPTO: SOL) $239.41 +4.5% Dogecoin (CRYPTO: DOGE) $0.4042 +6.6% Shiba Inu (CRYPTO: SHIB) $0.00002545 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%.
The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly, XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data.
In a notable development for the crypto sector, a U.S. appeals court has ruled that the U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), overstepped its authority when it imposed sanctions on the notorious cryptocurrency mixer Tornado Cash.
Ripple's native cryptocurrency, XRP, has been the talk of the crypto world this November, rallying an astonishing 200% to challenge its key resistance at $1.6. This exceptional growth outshone most of the top cryptocurrencies, with Ethereum, for instance, managing a relatively modest 50% gain during the same period.
XRP long-term holders made a weekly gain of $1.5B in profits, while Ripple Labs injects $25 million in the next U.S. election cycle. Plus, Tornado Cash wins a major legal victory and Morocco is preparing to legalize cryptocurrencies.
Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Shiba Inu whales made waves with a 712% surge in token outflows, unloading 7.48 trillion SHIB in 24 hours. The dramatic activity coincided with an 8% price drop, leaving traders on edge about the cryptocurrencys next move.
The SECs long-running lawsuit against Ripple may be nearing an end, hinted former CFTC chair Chris Giancarlo. With SEC head Gary Gensler stepping down and predictions of a crypto-friendly successor, the legal saga gripping the crypto world could soon conclude.
Some popular analysts believe XRP could soon rise to $2.
Blockchain payments firm Ripple (CRYPTO: XRP) on Wednesday announced plans to invest in the newly rebranded Bitwise Physical XRP ETP. The ETP, which is backed by XRP, is part of a broader rebranding effort by Bitwise Asset Management to enhance its European product suite.
Binance has rolled out trading bots for SHIB and APE, alongside zero-fee promos, creating a buzz in the altcoin market. Price surges in SHIB, APE, and EIGEN suggest a rally could be on the way.
Chris Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), predicted that the U.S. Securities and Exchange Commission (SEC) would drop the case against Ripple during a recent appearance on Fox Business.
GOAT Network said that Dogecoin holders can lock up their meme coins to help secure the yet-to-be-launched Bitcoin layer-2.
Ripple, the blockchain giant, is backing Bitwise Asset Management's revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise's overhaul of its European product line following its August acquisition of the ETC Group.
In an interview with FOX Business on Tuesday, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, a leading contender for the role of White House “crypto czar” in the second Trump administration, expressed his belief that the Securities and Exchange Commission (SEC) will drop its case against Ripple Labs.
XRP could crash by 25% in the worst case scenario, particularly due to its overbought conditions that have preceded similar price crashes.
XRP news today is affecting its price, and listing it among the top trending cryptos. Here is the latest XRP price prediction.
Popular FinTech firm Ripple is set to invest in the exchange-traded product (ETP) offered by Bitwise and offering investors exposure to the native token of the XRP Ledger, XRP, the Bitwise Physical XRP ETF, which recently rebranded from ETC Group Physical XRP.
Ripple's recent price action reflects a state of indecision following a rejection at the $1.6 resistance level. The market is currently undergoing a low-volatility consolidation phase, signaling a potential continuation of the corrective stage in the short term.
Bitwise Asset Management has rebranded its European XRP exchange-traded product to the Bitwise Physical XRP ETP (GXRP), with Ripple backing the initiative, enhancing its presence in Europe following the acquisition of ETC Group. The post Bitwise Rebrands XRP ETP with Ripple's Backing and Investment appeared first on Cryptonews.
Bitwise's XRP exchange-traded product (ETP) has undergone a rebranding, according to a Friday press release. It has now been renamed to the Bitwise Physical XRP ETP.
Dog-themed cryptocurrency Dogecoin (DOGE) is currently at a critical juncture, with the market closely monitoring its price action as it approaches a significant resistance level.
The XRP price has jumped higher today following an announcement that fintech firm Ripple plans to invest an unspecified amount in a newly rebranded Bitwise Physical XRP ETP (previously called the ETF Group Physical XRP).
Dogecoin growth has hit a new milestone as its $57.8 billion market cap has outpaced that of Porsche.