Shiba Inu (SHIB) has bounced up about 15% this week, currently hanging out around $0.00001445 (or as we like to call it, the equivalent of pocket lint). Sounds great, but compared to other altcoins like Stellar (XLM) or Ripple (XRP), it’s like showing up to a potluck with just a bag of chips.
By Wednesday afternoon, XRP was trading at $3.08, up roughly 27% on the week and just below its highest close since the 2021 cycle high. Daily volumes have topped $8.5 billion, and momentum indicators on major venues show relative-strength indexes back in “buy” territory, supporting Pentoshi’s claim that overhead supply is thin.
Consider, if you will, the audacious Gen Z—a sprightly lot spending a dizzying 36% of their digital assets on that most noble of pursuits: gaming. Meanwhile, a respectable 35% manage to allocate their hard-earned crypto on quotidian expenses and jaunts to far-off lands.
Key takeaways (because who doesn’t love a good list?):
Yet, in the face of such volatility, the ETF market has shown a steadfast resilience, and Bitcoin has largely returned to its former glory. With a substantial influx of ETF funds, the price of Bitcoin may soon surpass its previous all-time high, or so the optimists whisper. 📈
According to DuckAI Agent’s post on X, he noted that the crypto space is buzzing with activity as Peter Thiel took a bold step in dropping a 9.1% stake in BitMine, which sent the company stock soaring as investor confidence surged. This is a strong signal from one of the tech influential players.
Ctrl Alt, the first VASP (Virtual Asset Service Provider) in Dubai to be anointed with the power to provide issuer-related virtual asset services under VARA (Virtual Assets Regulatory Authority), is set to harness the mystical powers of Ripple’s (XRP) blockchain-based custody infrastructure. This will ensure that the tokenized property title deeds, issued by the Dubai Land Department on the XRP Ledger, are stored with the security of Fort Knox and the elegance of a well-tied cravat. 🏦🔗
Ali Martinez—whoever that is—decided to drop some knowledge on X, citing this fancy technical analysis—TA for you terminology enthusiasts—about something called a Parallel Channel. Sounds really important, doesn’t it?
Now, do fetch yourself a cup of green tea, a beverage far too gentle for the market madness that we are about to uncover. Today’s topics: South Korean crypto volumes soar by an impressive 264%, with Bitcoin reaching the dizzying height of $120K; Talos, ever the opportunist, has purchased Coin Metrics for a sum surpassing $100 million amidst the latest wave of consolidation; and, in a move that could only be described as audacious, Trump’s World Liberty tokens are now open for public trading, following a rather dramatic governance vote.
In a post on X, Kaleo wrote: “God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens anon. up only soon.”
