NFT News Daily TheBittimes.com

Over the past month, XRP has emerged as one of the best-performing cryptocurrencies, gaining by double digits with a long-term target of reaching the $1 mark. In this line, crypto analyst Dark Defender, in an X post on August 3, suggested that XRP has recently shown signs of a significant impending breakout, indicating a thrilling end to 2024 might be on the horizon. Dark Defender highlighted that XRP closed July with a powerful bullish candle, signaling strong momentum. A key element of this analysis is the importance of maintaining above the $0.5286 level, identified as the critical last Fibonacci support line. Holding this level is essential for XRP to sustain its upward momentum. Picks for you Ethereum selling spree 'almost over' with 80% ETH outflow drop 1 hour ago ...

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and 256,775 ETH, worth about $838 million, to various addresses. This substantial transfer of assets is seen as part of the company’s efforts to manage creditor repayments under its ongoing financial restructuring plan. Genesis Trading has transfer red 32,256 $BTC($2.12B) and 256,775 $ETH($838M) to multiple addresses in the past 3 days and may be undergoing bankruptcy proceedings to repay debts. And #GenesisTrading transfer red 13,291 $BTC($830.7M) to #Coinbase between Jun 12 and Jul 15, during… pic.twitter.com/EpLdn5PUJn — Lookonchain (@lookonchain) August 2, 2024 Genesis Trading s...

A widely followed cryptocurrency analyst is issuing a warning on a leading memecoin while outlining the path forward for Ethereum (ETH) and XRP. The analyst pseudonymously known as Credible Crypto tells his 405,000 followers on the social media platform X that the memecoin Pepe (PEPE) has held up “quite well” amid a wider market downturn. The pseudonymous analyst, however, says he is bearish on Pepe over the long term. “I would not be surprised if we see another leg up to take some untapped liquidity before the larger move down continues.” Based on Credible Crypto’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Pepe could appreciate by about 38% from the current price to around $0.0000145 before plunging to under $0.000005. Source: Credible Crypto/X Pepe is trading at $0.0000104 at time of writing. Turning to Ethereum, the widely followed analyst says that he is bearish on the second-largest crypto a...

Ripple (XRP) is one of the most controversial yet intriguing cryptocurrencies in the crypto realm. With Ripple forging new milestones with each passing second, the XRP token is also inching towards breaking its current price juncture of $0.60. At the same time, Ripple ’s former global head of infrastructure innovation, Dilip Rao, was recently seen making comments on how XRP is not meant for retail, explaining another use case for the token to explore. Also Read: Ripple (XRP) And Binance Coin (BNB) Price Prediction For August 2024 Former Ripple Global Head of Infrastructure: XRP Designed for Institutional Investors Source – Crypto Adventure At a recent Global Islamic Economy Summit, Dilip Rao, former Global Head of Infrastructure Innovation at Ripple, made exclusive comments about Ripple’s adoption. When asked about investors’ recent purchase of XRP for short-term gains, Rao reiterated that this is not the token’s real use. The token is meant for nuanced institution...

According to statistics from IntoTheBlock, 5.9 trillion Shiba Inu (SHIB) tokens are presently for sale, with an average price of $0.000017. The sale would liquidate about $100 million worth of SHIB tokens. The platform also shows that traders have placed buy orders for 3.4 trillion SHIB tokens, leaving 2.5 trillion tokens in excess in the market. Also Read: Shiba Inu: You Can Now Be A SHIB Millionaire For Just $16 Shiba Inu (SHIB) Market Overview Potential Price Dip Source: IntoTheBlock The increase in supply could potentially lead to a price dip for the popular meme coin. SHIB is currently down by: 3.6% in the daily charts 2.4% in the weekly charts 15.3% in the 14-day charts 7.5% over the previous month The asset has struggled to gain momentum since March when it hit a two-year peak of $0.000036. Source: CoinGecko Market Slump Reasons The current market slump is likely because Bitcoin (BTC) falls below $65,000. On the other hand, BTC’s dip could be due to fears around the Mt. Gox...