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

After AI Crypto Surge, Whales are Only Holding Solana and Algotech in 2024

The current crypto space has been disrupted by the movement of its major player, Bitcoin. After surpassing an all-time high, Bitcoin experienced increased selling pressures, causing major liquidation. This correction had a cascading effect on the entire community as it pulled back, with major altcoins retreating to a lower trading value.

Leading experts have joined the debate, with many signaling a bull run in the future following the Bitcoin halving event. As excitement for the prospective rally rises, market sentiment is shifting, dissipating the current concerns of the volatile market.

In light of the upcoming altcoin surge, analysts noted a change in market strategy, with many whales stockpiling Solana (SOL) and Algotech (ALGT).

Solana Price Projected To Hit $200 in 2024
Solana (SOL) has shown impressive growth over the last year, surging to over 670%. Ranking among the top 5 cryptocurrencies, its following has only grown stronger as 2024 progressed.

Once the aftermath of the Bitcoin dip hit the market, Solana's price faced a minor setback as it retreated to under $130 but made a swift turn and rose back to above $140.

Stealing the spotlight, SOL Token won the CoinMarketCap Crypto Award of the Year 2024, with figures showing a growth of over 40% in the last month. The SOL token is trading above $147 with a market cap of over $65 billion.

The Solana ecosystem has been thriving in the DeFi space with a TVL of over $3 billion and has been a beacon of hope for investors as it continues to evolve. It has gained interest from investors seeking substantial returns.

Leading analysts have projected a bullish sentiment following the upcoming Bitcoin halving, with many whales holding on to their SOL tokens in anticipation of it surpassing $200.
#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.

Shiba Inu Token Stabilizes After Frenetic Trading Surge

Recent market activity has shown Shiba Inu (SHIB) exhibiting a period of stabilization following a high-volume trading week. The cryptocurrency, known for its meme-inspired origins, has captured significant investor attention with a robust 65% weekly surge and an impressive 270% spike from the previous month.

#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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