According to a recent post on X by Whale Alert, Ripple Whale recently transferred 150 million XRP, valued at approximately $75.8 million, to an unidentified wallet. This significant whale movement has sparked curiosity and speculation within the XRP community. XRP Whales Transfer $75M in Tokens Whale transactions often signal potential market shifts, and this transfer The post Ripple Shifts $75M in XRP As Community Speculates On Remedies Payment appeared first on CoinGape .
Two inactive Bitcoin wallets since 2013 suddenly transferred 1,000 BTC. The transferred Bitcoins are now worth approximately $60.9 million. Continue Reading: Recent Activity in Long-Dormant Bitcoin Wallets Raises Questions
BlockDAG’s Updated Roadmap Projects $30 by 2030, Leading Among Shiba Inu (SHIB) Price Recovery & TRON’s Digital Push Amid the broader market’s downturn, the Shiba Inu (SHIB) price is hinting at a potential upswing. Meanwhile, TRON (TRX) continues to capture the attention of TRON (TRX) investors with its rapid transaction
Bitcoin sees an increase of 2% in twenty-four hours. Though it is a slight uptick, is it the start of a new rally?
A crypto analyst has predicted a substantial bullish surge for the the XRP price in the future. According to the analyst, XRP is gearing up for a substantial increase to $33.5 from an initial price of $0.50. He expects the price of the cryptocurrency to explode by 6600% in this current market cycle. Analyst Forecasts Exponential Rise In XRP Price In a recent X (formerly Twitter) post, a crypto analyst identified as ‘Egrag Crypto,’ revealed a series of bullish price targets for XRP in the near future. The analyst focused his predictions on a technical analysis called “the Line of Hestia.” Related Reading: US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000 Egrag Crypto’s latest findings suggest that XRP could rise to $33.5 if it touches the Line of Hestia, a technical indicator featuring an ascending trend line which signals a potential upsurge for the price of a cryptocurrency. According to the analyst, “Historical data indicates that every time the XRP price touches the “Line of Hestia,” it experiences significant price pumps.” This implies that there may be a correlation between XRP’s bullish price movements and the ascending trend line. Egrag Crypto also revealed that following this historical pattern, XRP has witnessed pumps ranging from 6600%,1444%, 100%, 80%, and 171%. Given the established trend, Egrag Crypto predicts XRP’s ascent to new all-time highs. He calculated the average percentage increase of XRP’s price each time it touched the Line of Hestia, dividing the sum by the total number of occurrences, which is five. Using this data, the crypto analyst estimates that if XRP were to experience a 6600% increase, its future price would be $33.50. Similarly, he calculated new prices for XRP based on the previous percentages. It’s important to note that the price of XRP, at the time of writing, is trading at $0.5. The cryptocurrency has been recording considerable declines over the past year, consolidating around the $0.5 price mark for months. According to CoinMarketCap, XRP has also recorded a 7.35% decrease over the past seven days and a 0.08% decline in the last 24 hours. Although Egrag Crypto has remained optimistic about XRP’s future price, other crypto community members have expressed skepticism over the analyst’s ambitious forecast. A few community members have denied the prediction, emphasizing that the cryptocurrency’s surge to $33.5 during this cycle was highly unlikely. Possible Price Correction Ahead Of Projected Surge In one of his most recent X posts, Egrag Crypto disclosed that XRP could witness a major price correction before experiencing a significant rally. The analyst has urged crypto investors to remain cautious of the cryptocurrency unless the XRP/BTC ratio closes above the $0.00010 threshold. Related Reading: Is The Bitcoin Bottom In? Buy The Dip Sentiment Erodes Amid Drop Toward $60,000 Egrag Crypto anticipates a potential 45% decline for XRP/BTC, emphasizing that this substantial price drop could indicate a bottom between $0.0000055 and $0.0000077. However, he also disclosed that overcoming resistance at $0.00001 would be crucial for a rebound in XRP. Token price at $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com
Crypto analyst Davie Satoshi has dropped a bullish prediction for Shiba Inu as part of what might be the future outlook for major meme coins. According to the analyst, SHIB is one of the meme coins with the potential to go on a 1,000% to 3,000% price surge amidst a flurry of cryptocurrencies in the
The crypto market capitalization fell over the last seven days although slight upticks have been recorded today as the price rebounds. The total market cap plunged 5.2% this week as sentiments plummeted across Bitcoin (BTC), altcoins, and memecoins. The low sentiments saw the price of Bitcoin drop below $61,000 although net inflows have been recorded The post Crypto Market Cap Slumps 5% in Seven Days appeared first on CoinGape .
The Group of Central Bank Governors and Heads of Supervision (GHOS), the supervisory body of the Basel Committee on Banking Supervision, has just set a new deadline for the implementation of its prudential standard for the banks’ crypto-asset exposures. The first expected finish date is January 2025, but the deadline has been postponed to January The post Breaking: Central Bank Group Extends Crypto Regulation Deadline appeared first on CoinGape .
John Reed Stark, a former executive of the United States Securities and Exchange Commission (SEC) has slammed Coinbase in its lawsuit with the regulator. Taking to his official X account, the SEC Veteran noted that Coinbase can no longer claim it does not have the regulatory clarity it has been clamoring for. Former SEC Official The post Ex-SEC Chief Claims Coinbase Now Have 80 Years Of Regulatory Clarity appeared first on CoinGape .
A long-dormant Bitcoin whale has seemingly resurfaced after nearly 11 years and has now moved 1,000 BTC worth nearly $61 million to new cryptocurrency wallets, at a time in which the price of the cryptocurrency started recovering. According on-chain analysis service Lookonchain, the whale made two transactions after being inactive for 10.7 years, moving funds