According to U.Today, Ripple-affiliated token XRP is on the verge of a significant breakout in its price history. A symmetrical bullish triangle pattern has formed over the past six years, indicating potential upward momentum. This pattern, characterized by converging trend lines, suggests that XRP may continue its bullish trend, reminiscent of its 2017-2018 rally where the price surged by 60,000%. While the breakout is anticipated, it is unlikely to occur this year or in the first half of 2025.
Shiba Inu’s layer-2 solution, Shibarium, is nearing a major milestone. Data from Shibariumscan shows that the total number of blocks on Shibarium has reached 6,398,912, moving closer to the 6.5 million mark. The network's total transactions have surged to 418,989,504, with wallet addresses totaling 1,812,422. Recent developments include the introduction of a burn portal for removing excess SHIB tokens and on-ramp features for BONE tokens with Visa and Mastercard.
JAN3 CEO and Bitcoin maximalist Samson Mow recently explained on the X platform why Bitcoin is considered a risk-off asset for certain investors. Mow identified four types of investors for whom Bitcoin is a less risky investment: those with low time preference, those who understand money, those affected by inflation, and those living in countries with oppressive governments. Mow emphasized that these factors do not need to coincide for a single individual. He also highlighted the ability of average retail investors to absorb the Bitcoin supply circulating in the market.