Tag Archives: Crypto Bits

TL;DR Analysts predict a short-term increase in XRP’s value, with some viewing the current moment as a “buy-the-dip” opportunity. Long-term forecasts are highly optimistic, reaching up to $594 by 2050, despite ongoing trends and the historical size of the cryptocurrency market. The Most Recent XRP Predictions Ripple’s XRP might have underperformed in the past month, but multiple analysts remain confident its price would thrive in the short term. According to the X (Twitter)...

TL;DR Shiba Inu’s burn rate spiked drastically, significantly reducing its circulating supply. The development aligns with SHIB’s recent price increase amid a general upswing in the cryptocurrency market. The popular meme coin Shiba Inu witnessed a burn rate spike of 1,400% for the past 24 hours, resulting in more than 60 million tokens being removed from circulation. Since the beginning of the year, the number of destroyed assets has surpassed the 9 billion mark. Shiba Inu...

TL;DR Dogwifhat (WIF) has rapidly increased in value in the past several weeks. Its potential to reach $1 depends on numerous factors like favorable market conditions. Short-term predictions suggest a 2024 price range of $0.33 to $0.76, while long-term expectations see it possibly exceeding $2.50 by 2030. Is There a Chance? Despite emerging less than two months ago, the Solana-based meme coin dogwifhat (WIF) managed to get a significant amount of attention. Its price spiked...

TL;DR Analysts predict a potential rally for Ripple’s XRP, with forecasts ranging from $1.40 to over $10. Dark Defender suggests the coin is already on a bullish trend, with predictions of reaching up to $22.50 in the coming months. Crossing the $1 Mark This Year? Despite being on a downfall in the past few months, many analysts remain optimistic about the future of Ripple’s XRP. EGRAG CRYPTO – an X (Twitter) user who regularly presents forecasts – recently suggested that...

TL;DR Some important elements indicate a potential upswing for Shiba Inu in the short term. Developments in SHIB’s layer-2 blockchain solution and a resurgence of the meme coin sector could support this rally. Is it Time for a SHIB Rally? Shiba Inu (SHIB), similar to many other cryptocurrencies, has underperformed in the past several days, with its price plunging by 3% on a two-week scale (per CoinGecko’s data). However, some essential metrics and factors hint that the...

TL;DR Speculation about a spot XRP ETF has risen following the approval of Bitcoin ETFs in the US, but the ongoing Ripple/SEC lawsuit poses a significant obstacle. One expert suggests that the launch of the product might be more likely after 2024, pending clearer regulatory guidance. Are There Any Chances? The historic approval of several spot Bitcoin ETFs in the United States has given the XRP army (a term referring to the enthusiastic community of XRP investors and...

TL;DR The SEC is seeking Ripple’s financial records for evidence in their legal case. The company has previously secured favorable court rulings, including a decision on the nature of some of its XRP sales. The United States Securities and Exchange Commission (SEC) filed a new motion compelling Ripple to hand over essential documents such as the company’s financial statements for 2022 and 2023 and its post-complaint XRP sales contracts. The regulator argued that those records...

TL;DR Cardano’s coin tops BTC and ETH in certain fields but faces a price decline. Market trends are bearish, yet experts stay optimistic about ADA’s future. According to market intelligence platform Santiment, Cardano’s ADA was the top cryptocurrency by development activity in the last 30 days. Polkadot (DOT) and Kusama (KSM) ranked second and third, respectively, while Ethereum (ETH) was placed tenth. Interestingly, Bitcoin (BTC) did not find a spot on the list. 🧑‍💻 Here...

TL;DR The Canadian musician Drake faced another betting loss in Bitcoin on a UFC fight, adding to his history of unsuccessful sports wagers. The trend of athletes and teams experiencing losses after Drake’s bets has been termed “the Drake curse,” with examples spanning multiple sports. Not the Right Pick The famous Canadian rapper, singer, and actor – Aubrey Drake Graham (better known as Drake) – lost $700,000 worth of Bitcoin (BTC) after betting on a UFC fight over the...

TL;DR Shibarium sees a surge in transactions and wallet addresses. SHIB’s price drops, aligning with a general downturn in the cryptocurrency market. The Latest Achievement Shiba Inu’s layer-2 blockchain solution – Shibarium – made waves again, with total transactions surpassing 300 million. The achievement follows a successful month, during which the network witnessed daily transactions in the range of 1.2 – 7.8 million. Shibarium Daily Transactions, Source: ShibariumscanIn...