$BTC
Bitcoin Price Analysis: A Technical Perspective
As of [Current Date], Bitcoin (BTC) is trading near the crucial resistance level of $70,000. A decisive breach of this mark could fuel a significant upward movement, potentially targeting the all-time high of $73,777. However, failure to overcome this resistance could lead to a pullback, with potential support at the psychologically significant $66,000 level.
Technical indicators suggest a mixed outlook. The Relative Strength Index (RSI) on the daily chart is approaching overbought conditions, trading near 69. While this indicates a potential for a near-term price correction, it's also possible that the rally could continue with the RSI remaining in overbought territory.
Several factors could influence Bitcoin's price trajectory in the coming days:
* Market Sentiment: Positive sentiment could drive the price higher, while negative sentiment could lead to a decline.
* Economic Conditions: Macroeconomic factors, such as interest rates and inflation, can impact the overall market and, consequently, Bitcoin.
* Geopolitical Events: Global events, such as political instability or trade wars, can create uncertainty and affect investor confidence.
* Regulatory Developments: Changes in government regulations regarding cryptocurrencies can have a significant impact on their price.
It's important to note that this analysis is based on current market conditions and technical indicators. The actual movement of Bitcoin's price can be influenced by a variety of factors, and past performance is not indicative of future results. Investors should conduct their own research and consult with a financial advisor

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The leaked price of Blum tokens is generating substantial buzz. The range of $0.03 to $0.10 means that potential earnings could vary widely, depending on market conditions at the time of sale. This leak not only impacts individual earnings but also shapes market sentiment and investor behavior.
As the airdrop date approaches, many participants are eagerly anticipating how the price will stabilize once the tokens hit the market. Understanding this price range is crucial for anyone looking to profit from the Blum Airdrop.
Let’s break it down:
If your 100,000 tokens split by 6: You would receive approximately 16,667 tokens.
Calculating Potential Earnings:
At $0.10 per token: 16,667 x $0.10 = $1,666.70
At $0.05 per token: 16,667 x $0.05 = $833.35
At $0.03 per token: 16,667 x $0.03 = $500.01
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Shiba Inu's burn rate has surged 880%, with 320 million tokens removed from circulation in the past week. Meanwhile, Shibarium, the Layer 2 blockchain, witnessed a 1,054% increase in daily transactions, signaling heightened ecosystem activity.With 320 million SHIB tokens burned in the last seven days, the burn rate of the dog-themed cryptocurrency Shiba Inu (SHIB) increased by 880%.
The burn rate for SHIB tokens increased by 880.1% in the past seven days, reaching 320,186,507 tokens, as reported by Shibburn. While 1,290,359 SHIB were burned in the past 24 hours, the daily burn rate decreased by 84.68%.
Shiba Inu Community Pushes for Long-Term Growth
The increased burn rate may indicate that the Shiba Inu community is still dedicated to the long-term objective of decreasing the token's availability and improving its utility, even though 320 million SHIB is a small part of the vast total supply.
Shiba Inu has been falling in value over the past 24 hours, falling 2.24 percent to $0.00001873, as of this writing. Following a price increase over the past week, Shiba Inu reached a high of $0.00001956 in yesterday's trading session.
$SHIB
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David Schwartz, the Ripple CTO, has reiterated his stance on XRP pricing and its role in payments.
His latest comments emerged in response to an investor questioning XRP’s underwhelming price performance since 2017. In the recent commentary, he further discussed how XRP has not realized its full potential in payment systems, despite widespread availability and favorable features.
🔸Ripple CTO Remains Firm
Recall that, in a conversation dating back to November 2017, Schwartz had argued that XRP cannot remain cheap if it is to function effectively as a medium for high-value payments.
He pointed out that regardless of whether XRP trades at $1 or $1 million, the cost of a $1 million transaction would still be equivalent to $1 million. However, he added that higher prices would facilitate cheaper payments.

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A higher-priced XRP would reduce the market impact of transactions, making them more efficient and practical for large transfers, a quality that was harder to achieve when XRP traded for mere cents.At the time of this conversation in 2017, XRP’s price hovered between $0.17 and $0.28. Fast forward to 2024, and while the cryptocurrency has experienced substantial volatility, it is currently trading at around $0.54. This modest 92% increase stands in contrast to Bitcoin, which has surged by more than 500% over the same period.

Understandably, this has caused frustration among some investors, leading one to sarcastically remark that XRP is still “dirt cheap” despite Schwartz’s earlier assertions.
Schwartz responded to the comment by maintaining his original argument: the cost of using XRP for payments scales proportionally with its price. As a result, whether XRP trades for $1 or higher, the end result in large-scale transactions remains the same. Higher prices simply make payments less disruptive to the market.
🔶XRP is Widely Available, but Crypto Payment is Limited
Meanwhile, an XRP community member accused Schwartz of sidestepping the issue. The community figure argued that XRP’s continued low price suggested that Ripple had not achieved its goal of positioning the cryptocurrency as a key player in payments.

However, Schwartz remained firm. He pointed out that while XRP’s price may not have skyrocketed, the altcoin boasts several advantages that make it ideal for payments: wide availability, a top-five position by market cap, low transaction fees, and rapid confirmation times.

Virtually no crypto is being used for payments. XRP has wide availability, it's a top 5 in market cap, and has low fees and fast confirmations. I don't think it's used more for payments for the same reasons that no cryptos are really being used for payments much today.
— David "JoelKatz" Schwartz (@JoelKatz) September 21, 2024

Despite these advantages, Schwartz acknowledged that XRP, like most cryptocurrencies, is not widely used for payments today. He explained that this lack of adoption is not unique to XRP. Instead, it is a broader industry trend.

The Ripple CTO confirmed that there are reasons behind this slow adoption but failed to mention them. However, some have argued that some of these reasons include the complexities involved in integrating digital currencies into traditional financial systems as well as regulatory hurdles.

🔸DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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