U.Today – Check out the top three news stories from the past day brought to you by U.Today.
the price turns bullish on Christmas Eve
Yesterday, the day before Christmas, the crypto market experienced a positive change, with many digital assets, including XRP, seeing an increase in prices. The price of the Ripple-related asset increased by more than 5.1%, reaching a recent high of $2.325. Traditionally, the holiday season brings a positive mood to the market, which can influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may affect the cryptocurrency situation, especially with the involvement of large institutions such as BlackRock (NYSE:) and Fidelity. At the time of writing, XRP is trading at $2.29, down about 1% in the last 24 hours, per CoinMarketCap.
SHIB’s burn is falling as the price makes an unexpected pivot
According to Shibburn blockchain tracker data, the burn rate has dropped significantly. Despite burn activity dropping over 64%, the SHIB community managed to burn 3,166,691 SHIB coins in the last 24 hours. This was achieved in six burns, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned about 10,000,000 SHIB by sending them to inactive wallets. Meanwhile, the current burn rate does not seem to be affecting SHIB’s price, which rose from $0.00002117 to $0.00002336. Currently, SHIB is changing hands at $0.000023, up 0.12%, per CoinMarketCap.
$2,200,000 per person – Max Keizer predicts
Max Keiser, a prominent Bitcoin maximalist and former financial journalist, has made an ultra-bullish price forecast for Bitcoin, suggesting it could reach $2,200,000 per coin in the long term. Keiser’s prediction comes as a comment on X’s post discussing Bitcoin’s holdings in various countries, including El Salvador, where he lives and works as an adviser to President Nayib Bukele. The original X post speculated that if more major countries start hoarding Bitcoin, its value could rise significantly within the next 12 to 24 months. Keiser’s new forecast shows a tenfold increase from his previous estimate of $220,000 per Bitcoin.
This article was originally published on U.Today
