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XRP Price Set For A Big Shift By Christmas, Analyst Predicts

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4 hours ago

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The recent rally of XRP price beyond the $0.66 mark has sparked optimism in the market, with many anticipating the rally to continue ahead. However, the rally appeared to have been short-lived, as evidenced by the recent price changes in crypto. Despite the recent slump, one prominent crypto market expert predicts a bullish outlook for Ripple’s native crypto by the upcoming Christmas.

Analyst Predicts Bullish Christmas Forecast For Ripple’s Native Crypto

In a recent X post, prominent crypto market expert and influencer, Myles G Investments predict the XRP price to hit $3 by Christmas. This forecast has sparked optimism among investors, especially after XRP broke through major price levels recently.

In his social media post, the expert said “XRP $3 by Christmas. Laugh now. Cry later”, fueling market discussions. In addition, when a user queried if the level would be the cycle top, he replied that it would just be the bottom of the bull cycle, further sparking discussions.

XRP Price ForecastXRP Price Forecast
Source: Myles G Investments, X

Meanwhile, this bullish forecast comes amid an already positive sentiment hovering in the market. For instance, the crypto market is anticipating a bullish October, considering the historical trends. In addition, Bitcoin as well as top altcoins tends to showcase an upward momentum in the final quarter of the year.

Having said that, many are keeping a close track of the crypto while expecting the bull run to continue through the quarter. On the other hand, the recent dovish remarks from the Fed Chair Jerome Powell as well as other central bank officials regarding their monetary policy have also sparked optimism in the market.

What’s Next For XRP Price?

XRP price noted a sharp decline today, falling nearly 5% to the $0.62 level, after touching the brief $0.6622 in the last 24 hours. Its trading volume was also muted during writing, indicating that the investors are staying on the sideline.

Meanwhile, many in the crypto community have cited the recent muted trading due to the anticipation of a potential US SEC appeal in the Ripple SEC case. Recently, an ex-SEC lawyer highlighted a key advantage for the agency, if it plans to move ahead with a potential appeal plan.

However, despite that, the market pundits appear to have remained bullish. As crypto has noted a 10% gain over the last 30 days, a recent XRP price analysis hints that the crypto could hit $1 soon amid this bull run.

Considering all these aspects, the market seems to be on edge and keeping a close track of Ripple’s native crypto. Especially, Myles G Investments’ $3 price target by Christmas has fueled both speculations as well as optimism in the market.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Team Shares Big Update On ‘Shib The Metaverse’ Launch

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15 hours ago

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September 30, 2024

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The latest update from Shiba Inu’s team on ‘Shib The Metaverse,’ a virtual playground within the SHIB ecosystem, has garnered noteworthy attention across the crypto landscape. SHIB’s marketing lead, Lucie, revealed that the metaverse’s launch on the meme coin’s ecosystem is closer. This statement, showcasing a game-changing development for the dog-themed token, has reverberated investor optimism globally.

Shiba Inu’s Lucie Hints ‘Shib The Metaverse’ Launch Is Imminent

Marketing lead Lucie took to X on September 29, spotlighting vital details on “Shib the Metaverse: Where the Community Meets, Dreams, and Schemes.” As per her post, the meme token’s ecosystem will finally see the launch of the metaverse in the “foreseeable future.”

Further, the new “space is set to become the beating heart of the SHIB community, where user-generated content, ideas, and collaboration thrive,” Lucie added.

The post pointed out that SHIB holders may think of the virtual playground as the ‘ultimate HQ’ within the ecosystem. With the upcoming rollout, users can chat about fresh ideas, vote on essential proposals, and foster strategies for the ecosystem’s future. This mover is expected to substantially boost activity within the Shiba Inu ecosystem while also solidifying its user appeal.

Meanwhile, additional ecosystem developments spotlighted by the marketing lead in recent X posts have added to optimism about the SHIB coin’s market stance. The dog-themed meme coin’s community reveals how it brought fiat on-ramps to Shibarium, a Layer 2, further revolutionizing the ecosystem.

Intriguingly, Lucie revealed that the future might be even more intriguing, as Shib developers recently explored zkKYC, a privacy-focused method for verifying users without compromising personal data. In addition, “there were plans to introduce fiat top-ups,” the marketing lead added.

SHIB Price Plummets

However, despite the abovementioned advancements, the Shiba Inu coin saw a selloff today. SHIB price slipped nearly 6% to $0.00001873 in the past 24 hours. The coin’s intraday low and high were recorded as $0.00001843 and $0.00001984, respectively. Besides, the weekly chart for the token illustrated a 27% uptick, hinting that today’s slumping movement aligns with the broader market trend.

Coinglass data indicated an 8% downswing in SHIB futures OI to $60.28 million today. Further, the derivatives volume plunged 41% to $356.72 million, mirroring the loss of investor interest in the asset amid the recent price drop. However, the abovementioned advancements and the broader time frame charts have birthed contrasting market sentiments.

CoinGape Media recently reported the SHIB burn rate to have skyrocketed, weighing the scales towards the bullish side for Shiba Inu. Crypto market watchers continue to monitor the token amid recent trend shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Slips To $64K, FTT Surges Over 60%

Published

18 hours ago

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September 30, 2024

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The crypto prices today have illustrated mixed actions, stirring investor speculations globally. Bitcoin (BTC) price slipped to the $64K level, whereas Ethereum (ETH) and Solana (SOL) encountered significant volatility. However, XRP price gained unprecedentedly today, whilst FTX Token (FTT) has emerged as the day’s top gainer.

Simultaneously, the global crypto market cap slipped 1.86% to $2.26 trillion. However, the total market volume increased by 17.81% to $58. 31 billion over the past day. Here’s a brief collection of some of the top cryptocurrencies by market cap and their price action today, September 30.

Crypto Prices Today: BTC, ETH, & SOL Encounter Market Volatility, XRP Soars

After crossing $66K, BTC price backtracked to the $64K level today against the backdrop of Nikkei 225 slipping nearly 4.5%. Simultaneously, ETH and SOL mirrored a turbulent action today. Nevertheless, XRP and FTT defied the broader market trend to gain considerably in the past 24 hours. Ley’s delve deeper into major coins’ price action today.

Bitcoin Price Today

BTC price cracked nearly 2% in the past 24 hours and is currently trading at $64,504. The coin’s 24-hour low and high were recorded as $64,219.75 and $66,069.35, respectively. BTC’s slumping action comes despite $1.11 billion weekly inflows in US spot Bitcoin ETFs as of September 27, per Soso Value data. Further, the flagship coin’s dominance took a hit, dropping 0.16% to 56.13%. Meanwhile, BTC’s market cap rested at $ 1.27 trillion today.

Ethereum Price Today

ETH price waned roughly 2% in the past 24 hours and is currently trading at $2,625. The coin’s intraday low and high were recorded as $2,604.75 and $2,675.57, respectively. Notably, ETH’s today’s slumping movement follows the broader market trend. However, it’s also worth mentioning that Vitalik Buterin-linked wallet 0x556 was recorded heavily selling ETH, aligning with the crypto’s falling movement. Meanwhile, Ethereum’s market cap stood at $316.41 billion today.

Solana Price Today

Simultaneously, the crypto SOL witnessed a 1% decline in value, with its price currently resting at $156. The coin’s 24-hour low and high were recorded as $155.24 and $161.62, respectively. Solana’s market cap rested at $73.16 billion today. Further, the asset’s 24-hour trading volume jumped 54% from yesterday to $2.06 billion.

XRP Price Today

Nonetheless, XRP price defied the broader market trend, gaining nearly 5.5% to $0.6452. The coin’s intraday low and high were $0.6121 and $0.6622, respectively. XRP’s market cap rested at $36.53 billion today. Whale Akert data for today shows 31 million coins accumulated by a whale from the crypto exchange Upbit. Concerning this, XRP rides a bullish wave across the market today.

Meme Coins Performances

Besides, Dogecoin (DOGE) saw a pullback, slipping 5% to $0.1222. Similarly, even Shiba Inu (SHIB) price today fell nearly 7% to $0.00001863. Also, PEPE, BONK, and FLOKI prices 0.5%-5% in the past 24 hours.

Top Crypto Gainer Prices Today

FTX Token

FTT price rocketed slightly over 60% as of press time and is currently trading at $2.27. The coin’s intraday low and high were $1.42 and $2.72, respectively.

Mina

MIN price surged nearly 9% over the past day and is currently trading at $0.595. The coin’s intraday low and high were $0.532 and $0.6271, respectively.

Popcat

POPCAT price pumped 8% in the past 24 hours and is currently trading at $1.01. The coin’s 24-hour low and high were $0.9162 and $1.04, respectively.

Top Crypto Loser Prices Today

Notcoin

NOT price dipped 5.5% in the past 24 hours and is currently sitting at $0.009003. The coin’s intraday low and high were $0.008837 and $0.009571, respectively.

THORChain

RUNE price tanked 3.5% in the past 24 hours and is currently trading at $5.12. The coin’s 24-hour low and high were $5.03 and $5.48, respectively.

Core

CORE price slipped 4% over the past day, reaching $1.07. Its intraday low and high were $1.06 and $1.14, respectively.

Besides, the hourly time frame charts continued to spark further investor speculation over the crypto prices today. BTC price slipped 0.08%, whilst ETH price gained 0.15% in the interim.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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CZ Released Prison, BTC & Shiba Inu Coin Bullish

Published

2 days ago

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September 29, 2024

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The crypto universe draws another week to a close with attention-nabbing developments unfolding across the industry. Former Binance CEO CZ (Changpeng Zhao) was released from prison, whereas Bitcoin (BTC) and altcoins maintained a bullish stance over the past seven days. Meanwhile, Shiba Inu (SHIB) stole the spotlight, extending weekly gains to over 35% against the backdrop of community advancements.

Here’s a brief report on some of the top crypto market headlines reported over the past week.

CZ Released From Prison

Binance founder Changpeng “CZ” Zhao was released this week after 118 days of imprisonment, sparking discussions across the crypto market. This saga follows the former CEO’s arrest for violating AML (Anti-money laundering) provisions. Notably, Zhao’s days in prison came to an end after the completion of a four-month prison sentence. However, it’s worth noting that the Binance founder was released two days early, with Zhao also marking his return on X recently.

BTC, Shiba Inu, & Crypto Market Bullish

Meanwhile, the broader market embarked upon a noteworthy bullish movement in the past week as September, the worst month for stocks and assets, comes to an end. Bitcoin (BTC) price soared nearly 5% over the past week, whilst the altcoin sector mirrored an optimistic sentiment.

A recent CoinGape Media report reveals that BTC price could soar to $100K amid China’s 50 bps cut in the reserve requirement ratio, a 20 bps cut in key short-term interest rates, and monetary stimulus. Meanwhile, sentiments of an ‘Uptober’ rally are also brimming up in the market amid Bitcoin’s upside movement.

Simultaneously, Shiba Inu extended its weekly gains to nearly 35%, mirroring a bullish trend along Bitcoin. The dog-themed meme crypto’s community sparked further optimism, revealing a stockpile of developments this week. SHIB executive Lucie hinted at a SHI stablecoin launch ahead. Moreover, Shiba Inu lead developer Shytoshi Kusama revealed that the next week could be game-changing for SHIB. In the interim, even the Shiba Inu burn rate soared remarkably, adding to optimism on the coin’s price movements.

Altogether, the crypto market witnessed a frenzy over the past week, primarily attributable to the abovementioned developments.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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