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China’s WeChat social media giant integrates digital yuan into payment platform #china #wechat #yuan #bitcoin #Binance

China’s WeChat social media giant integrates digital yuan into payment platform

#china #wechat #yuan #bitcoin #Binance

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#XRP Price Forecast: $1 Rebound in the Horizon Despite 11% Drop to $0.54? In the midst of a collapse in cryptocurrency markets caused by increasing fears of a US/Israel against Iran conflict, the price of XRP (XRP) fell sharply 11% to $0.54 on Friday. After Iran killed IRGC commanders in Syria, the Jewish state is preparing for a possible response. On Friday, rumors spread that the United States is preparing to support Israel by repositioning its warships. After Hamas attacked Israel on October 7 and Israel launched a deadly retaliation into Gaza on October 9, tensions in the Middle East skyrocketed. XRP Price Forecast: Is a Rebound to $1 on the Horizon? A test of a long-term uptrend is now being considered since XRP has fallen well below its main moving averages. The price of XRP has been steadily rising since hitting rock bottom in early 2023. The $0.43–$0.46 region is a potential short-term retest of support should this upswing fail. A break beneath $0.40 is not out of the question. But it's still hard to tell whether $1 is on the horizon. The case against the SEC that Ripple Labs is pursuing is continuing to gain steam. Last year, a court determined that the selling of XRP by Ripple Labs was not necessarily a security transaction. With its current winning streak, Ripple Labs believes banks will be more inclined to use its XRP-powered global payments system. The adoption of XRP might be significantly enhanced by that. However, XRP's lack of decentralization is still a cause for worry. In addition, a lot of people are worried that XRP doesn't have much of a purpose in comparison to other big cryptocurrencies. Both of them are home to rapidly expanding ecosystems for decentralized banking and applications, and the former is being seen as digital gold at the moment. #BullorBear $XRP
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Reduced Demand for #Shiba Inu and What It Means for Their Value The majority of Shiba Inu investors have been left confused about the crypto’s price trajectory in the past few weeks. While the crypto has experienced a period of stagnation in the past two weeks, recent on-chain data shows that the outlook might be looking bullish again, particularly as selling has slowed dramatically this week. At the same time, Shiba Inu has now crossed a major milestone in the number of addresses, which could mean an increase in the number of holders. The price of Shiba Inu can easily be moved by selling and buying pressure from investors. Recent on-chain data, however, indicates that the selling pressure is currently decreasing, which could manifest in the price of the SHIB in the coming week. Particularly, IntoTheBlock’s historical active address by profitability shows the yearly average now shifting towards wallet addresses at the money. Interestingly, this cohort of traders is now at almost 74.6%, meaning they contribute to the majority of the buying and selling action. However, their “at the money status” doesn’t give a clear path to their actions, as they could either be selling or increasing their holdings at the current price. On the other hand, this metric indicates better action among the active portion of addresses that are “in the money.” Interestingly, these “in the money” addresses have now seen their year-to-date activity average falling below 18%. This cohort of traders, who would normally be selling after reaching profits on their holdings, have failed to conduct a tangible number of transactions. Similarly, on-chain data shows a substantial amount of SHIB moving out of the hands of short-term holders, contributing to a drop in selling pressure. About 4% of the entire circulating supply of SHIB has moved from short-term holders to mid-term holders in the past week. Mid-term holders hold their assets for more than a month to a year, in contrast to short-term holders, who are known for holding for less than a month before selling.  #SHIB $SHIB
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