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🤖 Research AI Spotlights Google’s Investment in Ripple The disclosure originated from an inquiry by Ashley Prosper, a member of the XRP community who recently turned to Perplexity to inquire about potential partnerships between Ripple and major American technology and financial giants like Amazon and Google. 🔸 Amazon and Ripple Notably, Prosper initially queried Perplexity on any partnership between Ripple and Amazon shortly after reports confirmed that Jeff Bezos, American entrepreneur and CEO of Amazon, had invested in the AI research platform through his investment firm Bezos Expeditions. Perplexity asserted that there is a potential partnership between Ripple and Amazon, suggesting that this collaboration could see Amazon leverage Ripple’s technology to streamline its payment infrastructure, further improve supply chain management and broaden global expansion. While these provisions look both feasible and attractive on paper, no such partnership exists and there are no indications of a potential one. Instead, Perplexity referenced previous reports last year, which erroneously suggested that Amazon was partnering with Ripple to leverage XRP for payments. These reports scavenged information from an Amazon AWS Partner Profile page featuring Ripple’s use of Amazon’s AWS. The page discussed Ripple’s payment infrastructure, use cases for RippleNet and member companies. 🔸 Latest Query on Google Following his initial question about Amazon and Ripple in February, Prosper recently made a similar query about Google and Ripple, asking the research AI platform if Google has an investment in the payments company. 💬 #XRP Community says Google has invested in Ripple. Thanks Sean 😉 So that's Amazon ✅️ and Google ✅️ Now, what can you tell me about Apple? — Ashley PROSPER Due to the previous response regarding Amazon stemming from false reports, some XRP community members have been reluctant to consider the latest one factual, especially newer members who were not around when the investment was announced. $XRP
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Bitcoin Economist Reveals Year-End Forecast for BTC Price Economist Timothy Peterson suggested in a recent analysis that Bitcoin's difficulty growth rate points to a potential increase in BTC price to $100,000 by the end of the year. Bitcoin's difficulty rating, a measure of how difficult it is to mine a new block on the blockchain, is adjusted every two weeks to ensure blocks are added approximately every 10 minutes. While this metric increases with more miners and computing power, it decreases when miners leave. Bitcoin's decentralized nature and automatic, transparent difficulty adjustments prevent any entity from manipulating it. According to Peterson, Bitcoin's difficulty is closely related to its price. As difficulty increases, the energy cost per Bitcoin mined also increases, forcing miners to balance electricity and hardware expenses against potential rewards. High Bitcoin prices make these costs reasonable, making mining profitable even as the difficulty increases. Conversely, a price drop may force some miners to exit, reducing computational power and difficulty. According to Peterson, there is a feedback loop between Bitcoin price and difficulty. Higher prices increase difficulty by attracting more miners, which can support higher prices. Conversely, higher difficulty and associated costs drive miners to increase efficiency and support higher prices as the network becomes stronger. The market strives for an equilibrium where energy costs are balanced by the price of Bitcoin. Given these dynamics and current trends, Peterson predicts a reasonable year-end range for Bitcoin price will be $60,000 to $90,000. A high difficulty level indicates robust network security that supports higher prices, while energy costs also provide a price floor. However, the potential for increased adoption and positive market sentiment could push the price even higher, towards $100,000. $BTC #BTC #Bitcoin
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📈 Experts Identify Top Altcoins for 2024 As Bitcoin (BTC) recently witnessed an upward trend, focus has shifted towards altcoins. Cryptocurrency specialists have pinpointed three altcoins that may gain traction in the upcoming months. Analysts forecast that these altcoins could become the frontrunners in 2024. 🔸 How Will NOT and DOGE Perform? Notcoin (NOT) experienced a remarkable surge of over 28% last month. Trading within a range of $0.0175 to $0.2, NOT displayed considerable volatility in the past week. Recent growth followed an announcement about notable user adoption and new incentives. The bullish momentum suggests that NOT might be entering an upward phase. Should this trend persist, NOT could break the $0.019 resistance level, potentially pushing its value to $0.05 or even $0.1. However, if market sentiment turns sour, the value could find support around $0.018, with a prolonged decline possibly driving it down to $0.017, underscoring the cryptocurrency market’s volatility. Meanwhile, Dogecoin (DOGE) has been in a horizontal trend, with bulls and bears wrestling for dominance. Despite occasional sharp movements, its price has remained within a narrow range. Last week, DOGE saw a decline of over 10%, indicating a bearish sentiment among investors. 🔸 What are Ripple’s Ambitious Goals? For Ripple (XRP), trading above $0.5 during the American session on Monday marked a significant milestone. As per 21milyon.com, its value increased by 1.4% within an hour, maintaining a 1.8% rise over 24 hours. XRP had dipped below $0.5 on Friday but recovered above $0.49, signaling a rebound over the weekend. Experts indicate that the 20-day Exponential Moving Average (EMA) could offer support at $0.5116, as XRP forms its second consecutive four-hour bullish candle. With the relative strength index at 51, compared to the previous week’s oversold region, XRP shows potential for an upward trend towards $0.6. If this breakout happens, XRP’s price could support a larger move towards $1, driven by FOMO (Fear of Missing Out). $XRP $DOGE $NOT #XRP
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⚠️ Shiba Inu Community Targeted By Wallet Scam, Don’t Fall Victim The Shiba Inu team has cautioned against a new scam attack targeting community members. These malicious attackers have executed a sophisticated wallet scam that threatens to drain the funds of unsuspecting SHIB investors.    🔸 New Scam Attack Targets SHIB Investors Shibarmy Scam Alerts, an X (formerly account dedicated to exposing scams within the SHIB community, has issued an urgent warning about a new wallet scam targeting SHIB token holders. On June 8, the scam tracker disclosed that a new wave of fraudulent websites is spreading across the crypto space. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, TG and more.  According to Shibarmy Scam Alerts, these scam sites pose a significant risk to their investors and users, aiming to trick community members into compromising their wallets by using fake wallet connection tools. These malicious attackers lure unsuspecting Shiba Inu investors by claiming that they need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools.  The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network. It’s important to note that these claims are entirely false and intended to steal users’ assets by jeopardizing their crypto wallet security. The Shiba Inu community is one of the many cryptocurrency communities that are facing major challenges with scam attacks. The team has stayed dedicated to informing its investors and users of these scam attacks to protect them from financial loss and privacy risks.  Just a few days ago, Shibarmy Scam Alerts disclosed malicious scammers impersonating official Shiba ecosystem accounts via fake Telegram accounts. The scam tracker also unveiled other attacks involving fake airdrops, fraudulent Shib reward distribution programs and multiple impersonators.  $SHIB #SHIB
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