Ethereum
U.Today’s Crypto News Roundup
Valeria Blokhina
Find out the top news from the past day in U.Today’s news roundup!
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We’ve summarized the top three news stories from the day before so you don’t miss any major events in the crypto world.
The last time this happened, the price of XRP saw a 60,000% surge.
Tony Severino, founder of CoinChartist and head of research at NewsBTC, recently adopted the X platform indicate that XRP’s monthly Bollinger Bands “are the tightest ever.” According to Severino observationsThey are even tighter than they were before XRP’s remarkable 60,000% price rally that ended in 2018. If the gap between the upper and lower bands is narrowing, as is the case with XRP right now, it means that the asset is experiencing relatively low volatility. It’s worth noting that a period of extremely low volatility is usually followed by a squeeze. XRP bulls are hoping that this unusual extremely low volatility could indicate a substantial price increase. At the time of writing, XRP is up 5.75% in the last 24 hours, trading at $0.6514, according to CoinMarketCap.
Here’s How Many Shiba Inu (SHIB) The US Government Is Holding
With the growing popularity and adoption of various altcoins, traditional institutions have started paying more attention to this type of digital asset in addition to Bitcoin, the largest cryptocurrency. Among them is Shiba Inu; according to recent data According to Arkham Intelligence, the US government’s holdings of Shiba Inu amount to a staggering 54.897 billion meme tokens. It is worth noting that Shiba Inu is the only asset out of 100 that has recorded its quantity in billions. The current value of such a quantity of SHIB, given the token’s price of $0.00001642, is $899,210. While the value of SHIB may seem insignificant at present, some market analysts speculate that the US government may be holding on to the meme coin in anticipation of its future price increase before getting rid of it.
Ethereum ICO Wallet Transfers Millions of ETH
Lookonchain, a popular X handle that shares the latest cryptocurrency data, recently registered the activity of an Ethereum ICO participant who came back to life After nine years of inactivity, this ETH whale transferred 1,111 ETH worth $3.7 million to a new wallet. The assets were moved in four transactions, carrying 1,000, 100, 10, and 1 ETH. The whale’s total holdings amount to 2,000 ETH, which were received at the genesis of Ethereum. In 2015, the price per ETH was $0.31, which gives a total purchase value of $620. At the current market rate, the value of these 2,000 ETH is $6,681,471. The difference between the $620 the whale paid for ETH at the time and its current value is a staggering 1,077,560%.
About the Author
Valeria Blokhina
Valeria is the Community Manager at U.Today. She is passionate about crypto and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news from the world of crypto and blockchain.