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Broad adoption of the Shiba Inu (SHIB) ecosystem is driven by significant growth in Shibarium

Amid the ongoing cryptocurrency pullback triggered by Bitcoin, which has seen Bitcoin fall below $65,000, the Shiba Inu, the second-largest dog-themed meme coin after Dogecoin, has fallen more than 1% in the past 24 hours. 11% and was trading around $0.0000175 on Tuesday.

The mega-meme coin has a fully diluted valuation of approximately $17.6 billion, attracting significant attention from cryptocurrency whale investors.

According to the data, Shiba Inu has recorded more than $1.1 billion in transaction volume in the past seven days, with a single transaction exceeding $100,000. Shiba Inu’s whale volume surged from 62 trades on June 16 to approximately 162 trades on June 17.

Notably, the analysis further states that 73% of Shiba Inu holders consist of addresses holding more than 1% of the circulating supply. The massive increase in Shiba Inu whale trading volume coincides with a surge in overall trading volume, which is hovering around $665 million, up more than 126% in the past 24 hours.

Increased whale activity portends further fluctuations ahead. The correlation between the Shiba Inu and Bitcoin price action is 0.64, so if Bitcoin experiences further capitulation, SHIB is likely to follow.

According to reports, Bitcoin buyers are trying to defend support above $65,000 to avoid further falls to the range between $57,000 and $61,000. However, Bitcoin prices have fallen below $65,000 due to increased cash outflows from spot BTC ETFs.

Nonetheless, Shiba Inu prices already have a bullish macro outlook, with the weekly Relative Strength Index (RSI) showing that it recently surged above the 70 level for the first time since 2021.

Overall, while SHIB’s price has declined recently, the growth of its ecosystem and increased whale trading volume offer hope for a future recovery. As Shibarium develops, Shiba Inu may regain favor in the market in the future.

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Shocked, let's see why the cryptocurrency market fell today?

Bitcoin has experienced a significant decline recently, and the current price is $65,113 with a 24-hour trading volume of $169.865 million. There are many factors that have caused this decline. Let's analyze it in depth.

According to the view, there are three key factors that are currently causing BTC to fall:

1. Miner income and selling pressure:

- Miner income has fallen by 55%, forcing miners to sell more Bitcoin to cover costs.

- More and more Bitcoin is transferred from miners' wallets to exchanges, putting downward pressure on prices.

2. ETF withdrawal and selling pressure:

- Large withdrawals from major ETFs such as Fidelity and Grayscale have increased Bitcoin's selling pressure.

3. Stagnation in the stablecoin market:

- There is no new issuance in the stablecoin market, resulting in a decrease in the liquidity of the cryptocurrency market.

- The lack of new funds entering the market has led to increased price volatility.

Naturally, market price fluctuations have prompted short-term investors to sell their holdings due to concerns about future price declines.

Historical trends suggest that continued low miner revenue, coupled with high hash rates, could signal a possible market bottom, suggesting that the market could stabilize or rebound.

In mid-March, the price of Bitcoin exceeded $73,000 and has since been fluctuating in an average range of $71,000 and $61,000, with occasional declines. In early May, it slightly fell below $60,000 but quickly recovered.

Earlier this month, on June 1, 2024, the price of BTC was around $67,763. After three consecutive green candles, the price rose above $71,000 on June 5, 2024. Since then, the strength of BTC prices has been slowly weakening.

Overall, the Bitcoin market is currently facing multiple challenges, but historical data and key support levels provide some positive signals. If new funds can flow into the market in a timely manner and the selling pressure from miners and ETFs can be eased, the Bitcoin price is expected to stabilize and resume its upward trend in the coming period.

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Discovery, Shiba Inu found a significant increase in whale activity, will it have a major impact?

Whale activity for the popular meme token (SHIB) has increased significantly recently. According to Cryptocurrency data, large transaction volume above $100,000 increased by 295%.

An increase in whale activity indicates that large SHIB holders or whales are actively buying or selling large amounts of the cryptocurrency. Large transaction volume increased by 295% in the past 24 hours, including 4.95 trillion SHIB worth $95.57 million.

SHIB is down 10.44% over the past 24 hours to trade at $0.0000181, with trading volume increasing by 156% in the given time frame. However, the recent significant increase in trading volume may be a strategic move by whales to create a price floor to stabilize SHIB prices and prevent further declines.

This is important because Shiba Inu has reached a critical threshold with large numbers of investors purchasing large amounts of SHIB. 80,950 addresses purchased 501.18 trillion SHIB at an average price of $0.000016, with prices ranging from $0.000014 to $0.000019. Support is a critical price point where buying interest is strong enough to prevent further declines.

In this case, the 501 trillion SHIB range is particularly important because of the large transaction volumes involved. If a massive whale-driven volume increase defends the 501 trillion SHIB range, it could prevent further price declines and potentially lead to a recovery. This is a positive sign for SHIB price, indicating strong underlying support.

Conversely, if the support level cannot be maintained, SHIB could fall further. This scenario could lead investors to seek new support levels in the $0.000008 to $0.000014 range, resulting in a longer period of price volatility.

Overall, SHIB has seen an increase in whale activity, indicating the frequency of large transactions, which could have a significant impact on its price movements. Investors will need to pay close attention to these developments as the market becomes volatile and key support levels are tested.

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ZkSync Price Prediction When ZK Launches Amid Crash: Is $1 Still Possible?

ZkSync (ZK) price faces tough market conditions and a sharp decline after landing on Binance, driven by investor concerns and a massive token distribution plan.

ZkSync is a Layer-2 protocol designed to scale Ethereum. Recently, the ZK token has seen a sharp drop in price following a market correction. It has fallen more than 16% in the past day and is trading at $0.2207 as of Tuesday's US trading session.

According to data, ZK's market cap fell slightly to $814.47 million, making it the 79th-ranked cryptocurrency by market cap. 24-hour trading volume surged 1,232% to $1.29 billion, reflecting increased trading activity during the price drop.

Over the past week, the price of ZkSync has fallen by about 23%, fluctuating between a low of $0.19 and a high of $0.3. This decline is part of a broader trend that has affected the price of ZkSync over the past 30 days, with the price falling by 22%.

As of Tuesday, June 18, 2024, the entire cryptocurrency market fell slightly by 1.37%, with the market capitalization falling to $2.37 trillion. Conversely, trading volume surged by 98%, totaling $96.47 billion. ZkSync's ZK token became the most popular and the biggest loser of the day.

Daily technical indicators show that ZkSync is showing bearish momentum, and the intensification of the current price bearish trend may allow it to hit the $0.21 support level. If the decline continues, ZkSync's valuation may fall to $0.2 and may even fall to the $0.1 mark in the short term.

Conversely, a revival of bullish momentum may push ZkSync back to the $0.25 mark.

- Moving Average Convergence Divergence (MACD): Currently showing a bearish signal. The MACD line (blue) is below the signal line (orange) and both are trending down, indicating strong bearish momentum.

- Average Directional Index (ADX): At a high of 42.89, it indicates a strong trend, although the direction of the trend is currently negative based on the downtrend.
- Momentum Oscillator (AO): reflects bearish momentum at -0.8385, indicating that sellers dominate the market.
Overall, the market situation facing ZkSync is severe, and investors need to observe market dynamics carefully.

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SHIB, PEPE, BONK, and WIF are among the worst performing cryptocurrencies.

The memecoin sector has suffered double-digit losses.

The second largest memecoin by market cap, Shiba Inu (SHIB), has fallen by about 11% in the past 24 hours. Bonk (BONK), FLOKI (FLOKI), and Dogwifhat (WIF) have also suffered huge losses. WIF has fallen by as much as 14% in the past 24 hours.

Memecoins, considered high-risk speculative assets, are reacting to Bitcoin’s weakness. After failing to gain a foothold above $67,000, Bitcoin fell back below $66,000, dragging down the entire cryptocurrency market.

Every memecoin with a market cap of more than $200 million is in the red. Notably, the only exception is Cat in a Dogs World (MEW), which is up 2.4%.

As of now, XRP is the only top 100 cryptocurrency in the green zone, unexpectedly breaking away from Bitcoin’s influence on Monday.
Another round of altcoin season is unlikely to happen as the excess savings of American households have now dried up after peaking in 2021. Coincidentally, although Bitcoin hit a new all-time high earlier this year, many altcoins are still far from their 2021 highs.

Dogecoin and Shiba Inu, two major meme coins, fell 83.3% and 79% respectively.
Since it is very easy to generate new cryptocurrencies in 2024, altcoins are suffering from "oversupply". Last month, celebrity meme coins successfully revived the speculative frenzy, but their success seems to be very short-lived.

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Notcoin: A story from rising against the trend to falling prices

The general decline in the market may have thrown Notcoin (NOT) off its price prediction. At press time, NOT is priced at $0.017, down 12% in the past 24 hours.

On June 16, we reported that NOT was bucking the trend in price gains. However, this upward momentum did not last long, especially since the coin rose against the trend several times.

According to research, one reason for Notcoin’s price decline is the weakening buying momentum. At press time, the relative strength index (RSI) on the 4-hour chart fell to 43.20. The RSI measures the magnitude of price changes in the market and can also identify overbought or oversold areas. When the RSI reads 70 or above, it indicates that the cryptocurrency is overbought; when it is below 30, it indicates oversold.

Currently, the RSI is below the midpoint of 50.00, indicating that NOT’s momentum has turned bearish. If the reading continues to decline, Notcoin’s price prediction will become increasingly pessimistic.

However, the weighted sentiment remains above the negative territory. The weighted sentiment measures the market participants’ opinion of a project. A positive value indicates that most comments are bullish, while a negative value indicates bearish. For NOT, the positive value of the weighted sentiment may prevent it from falling further. If the situation is optimistic, NOT may jump to $0.021. But if it falls into the negative area, the price may fall to $0.015.

Meanwhile, the Notcoin team announced that the NOT airdrop claim has ended. NOT was launched to reward users who participate in the click-to-earn game. Airdrops occur when projects send cryptocurrency rewards to specific users.

Traders seem confident that NOT's price will rebound. Judging from the funding rate, Notcoin's funding rate is positive as of press time. This means that longs are paying shorts to keep their positions, and traders are bullish overall.
If this situation continues and buying pressure in the spot market increases, Notcoin's price prediction may far exceed previous targets.

In short, Notcoin's story has gone from counter-trend gains to recent price declines to a possible rebound in the future, full of unpredictable market dynamics. We will continue to pay attention to the movements of this interesting coin.

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Undervalued low-cap altcoin with a strong narrative, updated on the outlook for FLOKI

Mythos is a multi-chain ecosystem that aims to democratize gaming for creators and players. Inmortal believes that Mythos is undervalued due to its strong fundamentals.

1. Mythical Games is the only NFT marketplace company approved by the App Store.

2. They have partnered with Pudgy Penguins, the most respected NFT project currently.

3. GameFi is right behind AI as one of the strongest narratives in the cycle. Games generate $100 billion in revenue per year.

Inmortal said that considering investing a portion of the portfolio in this strong narrative, MYTH is a good choice.

MYTH is currently ranked 273rd by market capitalization and is trading at $0.438 at the time of writing.

The memecoin Floki (FLOKI), is expected to break out and rally to a new all-time high of $0.0006. FLOKI will lead the memecoin of this cycle since the beginning of 2024. Currently, FLOKI is worth $0.000281.
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**XRP Market Performance and Future Forecast**

XRP is often criticized for its inactivity, especially its inability to break through the $1 mark, which has raised questions about its long-term sustainability.

When will XRP reach a key level like $5 to keep its performance in line with mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Historically, XRP peaked at around $3.84 in January 2018, but has since fluctuated and failed to revisit this high.

1. Regulatory developments: The outcome of the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs has a huge impact on the price of XRP. If the outcome is favorable, it may increase investor confidence and push up prices.

2. Financial institution adoption: More and more financial institutions adopt Ripple technology, and the increased use of XRP as a transition currency may also have a positive impact on its price.

3. Market trends: Bitcoin's performance has a key impact on the trend of altcoins such as XRP.

If the regulatory outcome is favorable, adoption increases, and the market trend is bullish, XRP has the potential to reach $5 in the next big bull run. Historically, bull runs occur every three to four years, and considering these factors and the current market landscape, it seems reasonable to expect XRP to reach $5 around 2025 or 2026.

As of this writing, XRP is trading at $0.50, showing signs of recovery from the June 7 flash crash. In the past 24 hours, XRP is up nearly 1%, but on the weekly chart, XRP is down nearly 4%. To reach $5, XRP needs to reclaim $1 first, as continued bullish momentum relies on this price level.

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Cardano (ADA) fell back to a bearish $0.43 price amid negative macroeconomic indicators and overall negative sentiment in the cryptocurrency market.

Since April 14, Cardano’s price has fluctuated within the range of $0.43 to $0.50. Although there was a brief breakthrough, it has never stabilized outside the range. Therefore, $0.43 and $0.50 remain important support and resistance levels.

If the price breaks above these levels and is accompanied by an increase in trading volume, it could lead to greater volatility. However, $0.57 remains a significant resistance level, having previously acted as support during April’s decline.

As of now, Cardano is trading at $0.44, which is below the 30-day exponential moving average (30-EMA) at $0.46.
The highest trading volume was between $0.453 and $0.464, with 162,420 addresses purchasing over 3.21 billion ADA at these prices and currently operating at a loss. This resistance coincides with the 30-EMA at $0.46.

Conversely, there is no significant volume on the downside, indicating weaker support. However, 134,180 addresses purchased 1.59 billion ADA between $0.373 and $0.388, with an average price of $0.38.

If Cardano price continues lower and breaks below the current range, $0.38 could be the next support level.

In summary, the key support and resistance levels to watch for Cardano are $0.38, $0.43, $0.46, $0.50, and $0.57 respectively. Resistance levels are stronger than support levels, indicating greater downside risks. However, the cryptocurrency market is highly volatile and indicators are not absolute.

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### XRP Price Performance Analysis

XRP's performance over the past 24 hours lagged behind 90 of the top 100 cryptocurrencies by market cap. However, this seemingly poor performance is not as bleak as it seems.

XRP experienced a sharp rise after Ripple won a partial victory in its lawsuit against the U.S. Securities and Exchange Commission last July, which seriously affected the current data performance.
Why did XRP's price increase not continue after the lawsuit ruling, but almost completely disappeared.

After the U.S. District ruled that XRP is a security only when Ripple sells it to institutional buyers, XRP's price once rose sharply. On the Bitstamp exchange, XRP's price soared to a peak of $0.94 in 2023. However, this excitement was very short-lived, and XRP's price has plummeted 57% since the peak after the ruling. At press time, XRP is trading at $0.49 on the Bitstamp exchange.

Despite the current bear market, XRP's performance still appears weak compared to the peak of about $0.71 in July 2018. Ripple did not suppress the price of XRP through artificial sales. Ripple does not offer discounts to On-Demand Liquidity (ODL) customers, which means that the company's ODL sales have a neutral impact on prices.

Although XRP has performed poorly recently, the reasons behind it are complex, including the brief excitement caused by the lawsuit in July last year and the subsequent price decline. The market still needs to continue to pay attention to Ripple's future development.

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Look! Analysis of Polygon's DeFi performance after MATIC price drops 7%

MATIC's recent price action has disappointed investors. Despite bears controlling MATIC's price, Polygon has performed well in the DeFi space. However, can DeFi's strong performance help MATIC achieve a trend reversal?

According to data, MATIC's price has fallen by more than 5% in the past 7 days and another 7% in the past 24 hours. Currently, MATIC is trading at $0.6622 with a market capitalization of more than $6.5 billion, ranking 18th.

The price drop has also affected MATIC's social indicators, with both social volume and weighted sentiment falling, reflecting the dominance of bearish sentiment in the market. Despite the price drop, trading volume has increased, indicating that this trend may continue. The long/short ratio is also falling, indicating bearish sentiment.

In the DeFi space, Aave is the DeFi protocol with the largest total locked value on Polygon, worth $460 million. The Azuro protocol has more than 25 active applications, $300 million in trading volume, and more than $3.2 million in revenue within 14 months of its launch.

MATIC is currently facing challenges. Although DeFi has performed well, it is not enough to reverse the current price decline. Investors need to pay close attention to future market dynamics to make more informed investment decisions.

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Arbitrum to issue $215 million worth of ARB tokens for game innovation

The proposal allocates 225 million Arbitrum (ARB) tokens, approximately $215 million, to be distributed over three years through the newly established Game Catalyst Program (GCP). The program aims to increase awareness and usage of Arbitrum, Orbit and Stylus among game developers and players, and promote the development of the gaming community.

The majority of the fund will be used to fund new and early developers, up to 500,000 ARB (approximately $483,000). Established developers can apply for investments involving tokens, equity and other value shares. The remaining funds will be used for infrastructure-related rewards and operating expenses.

A dedicated team is responsible for the day-to-day operations of GCP, and a five-member committee provides strategic oversight and guidance to ensure that funds are allocated effectively and encourage innovation and accountability. The Council has veto power over investment decisions and team appointments to ensure the successful implementation of the plan.

GCP operating expenses are limited to $25 million, and the excess must be approved by the DAO. In addition, in March, the Arbitrum DAO withdrew a proposal to provide legal defense costs for Tornado Cash developers.

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AI Tokens: Buy the Dip? Santiment Bullish on Profit Potential Despite Downturn

Santiment today issued a buy signal for AI-focused crypto tokens, specifically mentioning Fetch.ai (FET) and SingularityNET (AGIX). The report advises investors to keep an eye on these AI projects over the weekend and next week.

A surge in social volume typically leads to a rise in the prices of these tokens. However, the overall crypto market is currently sluggish, with FET down more than 12% in the past 24 hours,

AGIX, Bittensor (TAO), Render (RNDR), and Near Protocol (NEAR) seeing similar declines. Injective (INJ) was a bright spot, rising 23% last week, unaffected by the broader market.

Despite the short-term bearishness, Santiment remains bullish on the AI ​​crypto market, seeing this weekend and early next week as a good opportunity to buy the dip and potentially make a tidy profit.

AI tokens became a highly profitable investment category in the first quarter of 2024.

The report shows that investors have seen an average return of 222% on AI tokens during this period. Among them, AIOZ Network (AIOZ) rose the most, up 480.2%, and FET rose 378.3%.

Even the worst-performing OriginTrail (TRAC) had a return rate of 74.9%. Large AI tokens have particularly benefited from investors' interest in the AI ​​industry.

Although the AI ​​crypto market has an uncertain near-term outlook, long-term investors can find value opportunities in the current price drop. Don't miss this investment opportunity, act now!

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ETH is affected and falls. Can it return to 3800? Latest forecast and analysis
Ethereum (ETH) shows a clear downward trend in the 4-hour chart, and the current price is $3683.36. Recently, affected by the non-agricultural employment data, it has fallen across the board and has fallen below the key support level.

1. **Support and resistance**:
- The current price is close to the support level of $3681.
- The main resistance level above is around $3800.
2. **Moving average analysis**:
- Both the short-term moving average (MA10) and the long-term moving average (MA60) are downward, indicating that the overall market sentiment is bearish.
3. **Trading volume**:
- The trading volume has been amplified in the last few candlesticks, indicating that the market is under great selling pressure.
4. **MACD indicator**:
- The MACD indicator shows an obvious dead cross, and both lines diverge downward, indicating that the market is still under downward pressure in the short term.

1. **Short-term forecast**:
- If the price can rebound at the $3681 support level, it is expected to test the $3800 resistance level.
- If it falls below the support level of $3,681, the support level of $3,600 or even lower may be tested below.
2. **Operation suggestions**:
- **Short-term traders**: You can try to enter the market with a small position near $3,681 and set the stop loss below the support level, with the target at $3,800.
- **Medium- and long-term investors**: It is recommended to wait and see, and wait for the market sentiment to stabilize before making a decision, especially whether the resistance level of $3,800 can be effectively broken.

Summary: The market is currently overall bearish, and the performance of the support level of $3,681 will be paid attention to in the short term. If it can stabilize and rebound, it may test the resistance level of $3,800. Please stay tuned for more market dynamics.

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Crypto Pullback or Buying Opportunity? !

Recently, the cryptocurrency market has fallen sharply, and the gains of many assets have been wiped out. Bitcoin fell below the key $71,000 level, falling to as low as $68,507, which is about 5% lower than the intraday high of $71,918.

Altcoins, especially volatile meme coins, have fallen more sharply. For example, the Solana-based meme coin Dogwifhat (WIF) plummeted by more than 15%. Other well-known Solana meme tokens, such as BONK and BOME, also experienced similar declines in the 24-hour period.

If the support level can hold, the market may soon resume its bullish trajectory. He also mentioned that Bitcoin may test the $65,000 level, but he remains bullish and expects Bitcoin to reach a new high between $74,000 and $76,000 soon, which means that Bitcoin will rebound by nearly 9.2%.

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Reasons Why Polygon (MATIC) Price Could Soar! ?
MATIC is the native token of the blockchain platform Polygon. Polygon aims to create a multi-chain system compatible with Ethereum that supports decentralized applications (dApps) such as DeFi, DAOs, and NFTs.

MATIC peaked at $2.92 in December 2021, but has fallen to $0.71 as of June 7, a drop of nearly 76%. This drop is notable despite the overall bullishness of the cryptocurrency market in the recent period.
MATIC has been trading below the EMA 100 for the past two months, indicating a bearish trend. The last major attempt to break above the EMA 100 was on April 9. If the price successfully breaks through, it may rise to the 0.5 Fib level between $0.78 and $0.80.

Holders consider MATIC a "sleeping giant" because they see huge growth potential. Many users stake the token to earn passive income, with a staking yield of about 3%. Polygon's recent Napoli upgrade aims to improve scalability and performance, which could have a positive impact on MATIC's price.
The MVRV ratio (365-day moving average) shows a buy signal with a value of -12.58%. The ratio compares MATIC's current market price to the average acquisition price of all tokens.

- NFT and social activity also saw an increase in activity, despite less growth.
Overall, these developments suggest that Polygon could perform strongly in the coming months, although the specific size and duration of a potential rebound remain uncertain.

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Shocked! ! Dogecoin forms a bullish inverted head and shoulders pattern, results. . . . .

Although Dogecoin’s price has underperformed recently, it has formed a bullish inverted head and shoulders pattern. A pattern that often signals the start of a significant rally that could propel Dogecoin prices to new yearly highs. However, due to the influence of the market and BTC last night, prices began to fall across the board.

Dogecoin price began to break out of this pattern when analysis was published on June 5, but later fell to $0.16. However, WomenXia analysis points out that as long as Dogecoin can hold the $0.158 support level, it is expected to continue rising. The price of Dogecoin may continue to rise if this bullish scenario is realized before Sunday, otherwise it may fall again.

After Bitcoin ordinal numbers hit the headlines, ordinal numbers on the Dogecoin network started to gain traction as well. While Dogecoin ordinals don’t get as much attention as Bitcoin ordinals, they have become a fixed element on the blockchain.

The wallet will now be able to support Dogecoin numbers (Doginals) and DRC-20 tokens. The new feature is expected to be released this weekend, which will further solidify the importance of Ordinals on the Dogecoin network and potentially drive DOGE price upwards.

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Is it true? Rumors that Ripple may abandon its XRP token

The story stems from his latest profile, which reads: "When a scrappy financial startup providing instant payments to the masses becomes entangled in a web of corruption and betrayal, they learn that disrupting the status quo costs more than they imagined, forcing them to choose between their vision and survival." This statement has sparked rumors and speculation in the crypto community, with some believing that Ripple may be moving away from XRP.

One X user took this as a hint that Ripple needs to "sacrifice some of its vision to ensure its survival." In response, Schwartz clarified that this is just a fictional pitch he wrote for a hypothetical movie and has nothing to do with reality.

With Ripple about to launch a stablecoin, Schwartz's clarification is particularly important. Despite speculation, there is no indication that Ripple plans to abandon XRP.

Instead, Ripple has been actively expanding the use and popularity of the XRP ledger through various strategic partnerships. Ripple is focused on revolutionizing cross-border payments and is involved in multiple initiatives to increase the efficiency and reach of blockchain technology, and XRP plays a central role in these efforts.

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Surprise! DOGE shows a funnel shape and rises after breaking through the resistance level!

**DOGE/USDT 4-hour chart analysis and forecast:**

1. **Trend analysis:**

- Current price: 0.163442 USDT

- The chart shows that DOGE/USDT is fluctuating in a descending wedge channel, and the current price is in the middle of the channel.
2. **Support and resistance:**
- Current support level: 0.161734 USDT (MA60 moving average)
- Current resistance level: 0.165500 USDT (upper boundary of the channel)
- Further support level: 0.155000 USDT (lower boundary of the channel)
- Further resistance level: 0.170000 USDT (historical high above)
3. **Moving average:**
- MA10 (10-period moving average) at 0.163131 USDT
- MA60 (60-period moving average) at 0.161734 USDT
- The short-term MA10 is above the MA60, indicating that the short-term price has a certain upward momentum.
4. **Trading volume:**
- The trading volume has increased in the last few candlesticks, indicating that market participation has increased.
5. **MACD indicator:**
- The MACD line (blue) is above the signal line (orange), indicating that it is currently in a bullish phase.
- The MACD histogram is positive, further supporting the upward momentum of the price.
**Future trend forecast:**
- If the price can break through the resistance level of 0.165500 USDT, it is expected to test 0.170000 USDT upward.
- If the price fails to break through 0.165500 USDT, it may consolidate at the current level or pull back to the support level of 0.161734 USDT.
- The trend of MACD and trading volume indicates that the price is expected to continue to rise in the short term, but the breakthrough of 0.165500 USDT needs to be watched.
**Conclusion:**
Currently, DOGE/USDT shows some upward momentum, but it needs to break through the resistance level of 0.165500 USDT to confirm further gains. Investors should pay close attention to the performance of the price at this resistance level, as well as the changes in trading volume and MACD.

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