Data has shown that a 12% reversal of XRP is more than possible.
According to recent research, XRP could reverse by 12%. Even though the coin is in a negative phase, having lost over 20% since reaching a top of around $0.9, there is still hope for improvement, as XRP is supported by the 50 exponential moving average (EMA). This position has a history of giving support during downturns and may serve as a springboard for the token’s price recovery. This location, combined with obvious signs of recovery, offers investors a silver lining. However, before making any investment decisions, it is critical to thoroughly research market trends and other contributing aspects.
Elon Musk has stated that X will never issue its own native coin.
Since Elon Musk purchased Twitter (now rebranded as X) in October 2022, the community has been abuzz with speculation about crypto payments on the aforementioned social media giant. Now, a new rumor concerning the prospective creation of X’s native token has begun to circulate, catching Elon Musk’s interest. On August 6, he went online to put an end to the rumors, stating that no “X coin” would ever be manufactured and released. The Dogecoin community, on the other hand, is still hoping Musk would add DOGE payments to the platform. The centibillionaire is currently avoiding discussion of this subject and has not clarified it.
Shytoshi Kusama, the leader of the Shiba Inu, has put down scammers.
Shiba Inu leader Shytoshi Kusama issued another warning to the SHIB community in his ongoing struggle against disinformation. He responded to a scam-related post claiming that the new tokens TREAT and SHI will be released in a few days as part of the “Summer of Shibarium ” campaign. Kusama called the post “untrue” and mocked the perpetrators of the hoax, daring them to “do better.” As the “Summer of Shibarium” campaign heats up and the release of Shibarium approaches, the number of suspicious posts advocating fraudulent operations grows by the day. As a result, the Shiba Inu leader frequently tells meme token supporters to be cautious and observe the “DYOR” philosophy.
Overnight, large Shiba Inu (SHIB) purchases skyrocketed by 600%.
According to data given by IntoTheBlock, Shiba Inu experienced an unusual rise in major transactions. According to the data, SHIB transactions of $100,000 or more had a $91 million, or 600%, spike overnight. As a result of this unexpected surge, 8.71 trillion SHIB tokens have been exchanged, bringing the total day transactions to an incredible 10.44 trillion. This tremendous gain in this critical on-chain indicator can be traced in large part to the growing excitement surrounding Shibarium, Shiba Inu’s Layer 2 solution. Shibarium is expected to premiere at the Blockchain Futurist Conference in Toronto in mid-August, according to Shytoshi Kusama’s blog post.
Please note that this article does not offer any instructions or suggestions regarding investment decisions. It is important for you to conduct your own research or seek professional advice from a qualified professional before conducting an investment decision.