XRP’s meteoric rise fueled by mystery whale moves

The price of XRP has experienced a notable uptick, rising by 10% to reach $0.6921. This surge follows a series of significant transfers that sparked a buying frenzy in the market.

Notably, a transfer involving the movement of 100 million XRP from an undisclosed wallet to another contributed substantially to the bullish sentiment. Over the past week, XRP has seen an 8% increase, while over a month, it has surged by 30%.

Analyzing XRP market signals
While the recent bullish activity has led to optimism among investors, some indicators suggest a potential correction in the near term. XRP’s relative strength index (RSI) has fallen to 65 after surpassing 70 just a day ago, indicating a possible overbought situation.

Additionally, the coin’s 30-day average has risen sharply above the 200-day average, signaling heightened market activity.

Despite these indicators, XRP’s recent underperformance in comparison to other major cryptocurrencies suggests room for further growth.

With a substantial increase in trading volume from $1.3 billion to $7 billion, there is considerable interest in the token, with Whales still actively acquiring XRP. As a result, market analysts anticipate continued upward momentum for XRP in both the short and long term.

XRP outlook and alternatives
Investors are particularly optimistic about XRP’s prospects, driven by two key factors.

The ongoing bull market, fueled by rising Bitcoin ETF volumes, is expected to support XRP’s upward trajectory. Secondly, anticipation of a favorable settlement between Ripple and the U.S.

Securities and Exchange Commission (SEC) later this year is bolstering confidence in the token. A resolution in Ripple’s legal case would likely pave the way for renewed positivity surrounding XRP, potentially propelling its price to levels unseen in years.

With these factors in mind, analysts foresee XRP potentially surpassing the $1 mark by the summer, with further gains expected towards $3 by the end of the year.

#write2earn #HotTrends #xrp

Dopo AI Crypto Surge, le Whales detengono solo Solana e Algotech nel 2024

L’attuale spazio crittografico è stato sconvolto dal movimento del suo principale attore, Bitcoin. Dopo aver superato il massimo storico, Bitcoin ha subito un aumento delle pressioni di vendita, causando importanti liquidazioni. Questa correzione ha avuto un effetto a cascata sull'intera comunità che si è ritirata, con le principali altcoin che si sono ritirate a un valore di scambio inferiore.

I maggiori esperti si sono uniti al dibattito, molti dei quali segnalano una corsa al rialzo in futuro a seguito dell'evento di dimezzamento del Bitcoin. Con l’aumento dell’eccitazione per il potenziale rally, il sentiment del mercato sta cambiando, dissipando le attuali preoccupazioni del mercato volatile.

Alla luce dell'imminente impennata delle altcoin, gli analisti hanno notato un cambiamento nella strategia di mercato, con molte balene che accumulano Solana (SOL) e Algotech (ALGT).

Il prezzo di Solana dovrebbe raggiungere i 200 dollari nel 2024
Solana (SOL) ha mostrato una crescita impressionante nell'ultimo anno, arrivando a oltre il 670%. Classificata tra le prime 5 criptovalute, il suo seguito non ha fatto altro che rafforzarsi con l'avanzare del 2024.

Una volta che le conseguenze del calo del Bitcoin hanno colpito il mercato, il prezzo di Solana ha subito una piccola battuta d'arresto poiché è sceso sotto i 130 dollari, ma ha fatto una rapida svolta ed è risalito sopra i 140 dollari.

Al centro dell'attenzione, SOL Token ha vinto il CoinMarketCap Crypto Award of the Year 2024, con dati che mostrano una crescita di oltre il 40% nell'ultimo mese. Il token SOL viene scambiato sopra i 147 dollari con una capitalizzazione di mercato di oltre 65 miliardi di dollari.

L’ecosistema Solana ha prosperato nello spazio DeFi con un TVL di oltre 3 miliardi di dollari ed è stato un faro di speranza per gli investitori mentre continua ad evolversi. Ha guadagnato l’interesse degli investitori che cercano rendimenti sostanziali.

I principali analisti hanno previsto un sentimento rialzista in seguito all'imminente dimezzamento del Bitcoin, con molte balene che mantengono i loro token SOL in previsione che superino i 200 dollari.
#HotTrends #write2earn #BTC #Solana🚀

Bitcoin Records $2.6B Weekly Inflow Amid Growing Wall Street Interests

Bitcoin is once again making waves in the financial world, hitting a new all-time high of over $71,000 on Monday, March 11. This surge comes alongside a remarkable uptick in market interest, particularly from the Wall Street players, as evidenced by the latest CoinShares report.

Meanwhile, the recent CoinShares report showed a $2.6 billion inflow into Bitcoin last week. This influx underscores the growing confidence in cryptocurrencies, especially among institutional investors.

Bitcoin Records $2.6B Inflow Amid Wall Street Buzz
The latest report from CoinShares unveils a significant milestone in the cryptocurrency market. With a record-breaking $2.7 billion inflow into digital asset investment products, the total year-to-date influx has surged to $10.3 billion, nearly matching the entirety of 2021’s record.

Meanwhile, Bitcoin stands out as the primary focus of investors, capturing $2.6 billion in inflows, representing 14% of total Assets under Management (AuM) for the year. The report suggests that the surge was largely attributed to the robust influx witnessed by the U.S. Spot Bitcoin issuers.

In other words, this surge in Bitcoin’s inflows is indicative of Wall Street’s burgeoning interest in the digital currency. Despite recent price hikes, investors continue to pour funds into Bitcoin, with even short Bitcoin products witnessing a further $11 million inflow last week.

In addition, other cryptocurrencies like Solana, Polkadot, Fantom, Chainlink, and Uniswap are also seeing notable inflows, signaling a broader shift towards digital assets.

A Closer Look Into The Report
The Digital Asset Fund Flows Weekly Report showed that last week’s inflows bring the year-to-date total to US$10.3 billion, nearing the 2021 record of US$10.6 billion. While Bitcoin steals the spotlight with its monumental inflows, other cryptocurrencies experience varied fortunes.

Meanwhile, Solana saw a resurgence with US$24 million inflows
#BTC #writetoearn #TrendingTopic: #CryptoNewsFlash #HotTrends

#HotTrends #writetoearn #TerraEcosystem
Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets
2 day ago

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Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets
The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.

Terra Luna Classic Set for Major Upgrade
Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.

The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.

As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core.

Il token Shiba Inu si stabilizza dopo un'ondata di scambi frenetici

La recente attività di mercato ha mostrato che Shiba Inu (SHIB) ha mostrato un periodo di stabilizzazione dopo una settimana di scambi ad alto volume. La criptovaluta, nota per le sue origini ispirate ai meme, ha catturato l'attenzione degli investitori con un robusto aumento settimanale del 65% e un impressionante picco del 270% rispetto al mese precedente.

#SHIBA🔥 #Write2Erarn #writetoearn #crypto2024

As of my last update, the top 10 cryptocurrencies by market capitalization typically include:

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Binance Coin (BNB)
4. Solana (SOL)
5. Cardano (ADA)
6. XRP (XRP)
7. Terra (LUNA)
8. Avalanche (AVAX)
9. Polkadot (DOT)
10. Dogecoin (DOGE)

Please note that rankings can fluctuate based on market conditions, so it's a good idea to verify this information using real-time data from cryptocurrency tracking websites.

#HotTrends #TopTokens2024 #BinanceMenaSquare

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#HotTrends #BTC #PiNetwok #pinetworkupdates #BinanceMenaSquare