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Ripple (XRP) Price Explosion, Shiba Inu’s (SHIB) Potential, and More: Bits Recap July 18
The cryptocurrency market is witnessing a thrilling ride lately. The past week has been nothing short of astonishing for some of the top players. Ripple’s XRP just reached an all-time high, while Shiba Inu’s SHIB is seen as having immense potential.
First off, let’s take a closer look at Ripple’s XRP. The asset has experienced a whopping 60% surge in the last month, breaking through new ground with its price reaching over $3.60. This significant milestone has not been witnessed since early 2018. It is essential to note that investors have had to wait seven long years for this moment.
Several factors are thought to be behind this sudden growth spurt. These include a growing public interest, rapid network development, the accumulation efforts of whales, and recent positive regulatory developments in the United States. This trifecta of positivity has led many experts to predict further gains, with some targets as high as $10.
As for Shiba Inu’s SHIB, it is interesting to see that this meme coin experienced a 30% increase over just two weeks. The token’s market capitalization even briefly touched the impressive mark of $9 billion.
While most investors are still in the red due to years of accumulated losses (45%), analysts believe there might be more room for growth. This optimism stems from certain patterns on its price chart that seem to indicate an imminent surge.
Meanwhile, Bitcoin, often referred to as BTC, has had a minor setback after reaching the astonishing level of $123,000. However, numerous indicators suggest this may only be temporary. The flow of capital towards spot BTC ETFs remains robust, and whales have been actively accumulating assets.
In conclusion, we can see that Ripple’s XRP is not slowing down anytime soon, with many anticipating further gains. Shiba Inu’s SHIB has shown some impressive growth recently, and it’s possible its price may continue to rise as well.
Source: cryptopotato.com
