Bitcoin Price Predictions, Shibarium Milestone, and XRP Listing: Recap of the Latest Crypto News
Bitcoin’s recent price volatility has been a subject of debate in the cryptocurrency world. Although there were expectations of a rally above $30,000, the price of Bitcoin fell back to levels seen three months prior. This has led to market sentiment leaning towards fear, according to the crypto fear and greed index.
However, cryptocurrency analyst Dave the Wave predicts a significant rally for Bitcoin after 2024. He suggests that Bitcoin’s halving event in the same year may not lead to immediate growth as the crypto market continues to mature.
Shiba Inu (SHIB) and the Shibarium Testnet
In other news, despite an initial slump, the Shibarium testnet has been witnessing a steady increase in transactions. According to data from Puppyscan, the testnet has processed over 38 million transactions involving approximately 17.08 million wallets.
The network has been launching a new block every five seconds, with the average block count crossing 3.16 million. Shibarium now manages an average of over 11 Ethereum’s worth of transactions daily. The most traded crypto assets on the platform include BONE, Wrapped BONE, Doge Killer, and Shiba Inu.
Expanded XRP Support on Exchanges
Bybit, a leading crypto exchange, has expanded its spot trading options by introducing the XRP/EUR trading pair to its platform. This move was prompted by Ripple’s recent legal victory over the US Securities and Exchange Commission, which has sparked renewed interest in the digital coin.
Retail investors can now trade XRP to Euro on Bybit, opening up more investment opportunities for them. Additionally, the platform has added Euro trading pairs for seven other cryptocurrencies, following a trend seen among exchanges like Liechtenstein Cryptoassets Exchange, Gemini, and Coinbase.
In related news, Shytoshi Kusama has confirmed that a Shibarium burn portal is currently being developed. Furthermore, Elon Musk is considering the idea of a blockchain-based social media platform with Dogecoin integrated as a payment option.
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Editor Notes: Stay Informed with Uber Crypto News
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