The market cap of our dear XRP sits proud at $178.2 billion, wearing its confidence like a Sunday suit, but let’s not mistake it for cockiness! Buyers are coaxing those candles upwards, trying to flip the $2.90s from a revolving door back to that dismal $2.80. Now there’s liquidity! Dips getting gobbled up like grandma’s pie at Thanksgiving, with folks choosing patience over panic-commendable! 🍰
Behold, dear reader, this curious invention: a “stablecoin” that mocks the very notion of stability! USDe, neither coin nor banknote, but a specter haunting the Ethereum blockchain-a ghostly abstraction forged in the fires of delta-neutral hedging. Imagine, if you will, a troupe of crypto acrobats balancing collateral and perpetual shorts on a tightrope, all to maintain the illusion of a $1 peg. 🤹♂️
Behold, dear reader, the token ascends once more, its price breaching the $0.0316 threshold with volumes surpassing five hundred million in a day, as if mocked by the fickle gods of finance. One cannot help but chuckle at this revival, a testament to mankind’s eternal quest for glittering trifles, where yesterday’s relic becomes today’s darling on the meme-laden stage. 😂
Since its inception, this animated saga hath built its empire not upon mere entertainment, but upon a relentless dissection of the world’s maladies, and cryptocurrencies, those fickle sirens of fortune, have oft borne the brunt of its lacerations. Yet, not all kings and potentates relish such portrayals; the very White House, guardian of the republic, hath decried its depiction of leaders consorting with infernal beings, while the crypto hordes once hailed such mentions as badges of legitimacy, as if approval by satirical imps could sanctify their schemes. But alas, followers of this path, heed the winds of fate!
It’s expected to accelerate growth, reduce friction for institutions, and open the door for new entrants in a $7.7 billion market. A veritable gold rush, if you will. 🏴☠️📈
Farside data reveals that Bitcoin ETFs recently enjoyed their largest inflow since Sept. 10, a tidy $675.8 million. BlackRock’s iShares Bitcoin Trust (IBIT), ever the social butterfly, scooped up $405.5M-its largest inflow since Aug. 14-and now boasts total net inflows of $61.376 billion. This surge coincided with Bitcoin breaching $119,000, a 4% gain that would make a penguin blush. 🐧
The $XRP price, a melancholic wanderer, inches back toward a descending trendline etched since July’s zenith. Three failed flirtations with this line now set the stage for a fourth-a rendezvous fraught with tension. As the 4-hour chart reveals, the price must pierce not just the trendline but also the ironclad wall of $3. Should Bitcoin, its capricious lover, waver, $XRP may follow suit, its momentum indicators having already peaked like overzealous admirers at a gala.
In a chat with CryptoMoon at the Token2049 shindig in Singapore, Edwards declared that Bitcoin’s leap over the $120,000 mark could lead to a “very quick” breakout to $150,000. “Wouldn’t surprise me one bit if we hit $150,000 faster than a wizard saying ‘Abracadabra’,” he quipped. “We just need to break out of this $120,000 range, and Bob’s your uncle. Could happen in days!” 🧙♂️⏳
According to a Mr. Simon Gerovich, a President, naturally, of this Metaplanet enterprise, they’ve added 5,268 Bitcoins to their already overflowing digital coffers. They paid a rather *staggering* $615.67 million for the privilege. One wonders if they checked the price of a decent dacha first. At $116,870 a pop, one could almost buy a small Balkan nation. Almost.
