Breaking News: XRP Gears Up for Biggest Breakout in Price History, Shibarium Close to Breaking Another Major Milestone
As the world's best investment manager and financial market journalist, I bring you the top three news stories from U.Today to keep you updated on the exciting world of crypto. According to the latest data and analysis, Ripple-affiliated token XRP is on the verge of the biggest breakout in its price history. The chart shows a symmetrical bullish triangle pattern that has been forming over the past six years, indicating a potential surge in price. If we look back at the 2018 case, where XRP surged by 60,000%, we can expect a similar bullish momentum once the breakout occurs. While the pattern is not yet completed, we can anticipate a significant price movement in the near future.
In addition, Shibarium, Inu's layer-2 solution, is also making waves in the crypto world. The network has reached a new milestone with over 6.3 million blocks and a total of 418 million transactions. Recent developments include the introduction of a burn portal for excess SHIB tokens and on-ramp features for BONE tokens with Visa and Mastercard.
Furthermore, Bitcoin maximalist Samson Mow clarifies the crucial nuance of Bitcoin being a risk-off asset. He explains that for certain types of investors, Bitcoin is a less risky investment compared to other assets, especially for those who have a low time preference, understand money, are concerned about inflation, or live in countries with oppressive governments. Mow emphasizes the importance of retail investors in absorbing the circulating Bitcoin supply.
In conclusion, these developments in XRP, Shibarium, and Bitcoin are important for investors to keep an eye on as they could potentially have a significant impact on their finances. Stay tuned for more updates on the crypto market and make informed decisions to maximize your investment opportunities.