Whale Alert, a tool that watches big moves in cryptocurrency, has spotted a bunch of XRP being sent to exchanges recently. This has raised worries that the mood around XRP might be turning bearish, even though it’s been doing well lately. In just the last day, Whale Alert has seen a whopping 452 million XRP moved from unknown wallets to big exchanges like Bitvavo, Bithumb, and Bitstamp.
The first big move happened on Bitstamp. Someone sent over 22 million XRP, worth more than $10.8 million, from a secret wallet. That was last night. But then, in just the last three hours, there’s been an even bigger move. Bithumb, a big exchange in South Korea, got a massive 390,869,591 XRP from a wallet we don’t know about, at around 06:47 UTC today.
Right after this big move to Bithumb, Bitvavo got 40 million XRP in two separate transactions, just two hours later. Again, the money came from secret wallets, each holding more than $20 million worth of XRP.
So, in total, these three exchanges got a huge 452,869,591 XRP in the last day. That’s over $232 million in value!
These big moves of XRP have got people talking in the crypto community. Especially because we don’t know where all this XRP is coming from. Plus, the timing of these moves has got people wondering if there’s going to be a big sell-off of XRP, despite its recent good performance.
It’s important to note that even though XRP has been doing better lately, it took a big hit on Saturday, dropping more than 21% and going down to the $0.43 range. But it’s managed to bounce back a bit and is back in the $0.5 range, up by 6% in the last day.
But, with all this XRP being moved to exchanges, it’s making some people worry that the good times might not last for XRP. And when we looked closer at where this XRP is coming from using the XRP Explorer Bithomp, we didn’t find much info about who’s behind these moves.
For the 390 million XRP that went to Bithumb, the explorer says it came from Bithumb itself, which suggests it might just be an internal move within the exchange. But for the moves involving Bitstamp and Bitvavo, we still don’t know where the XRP is coming from.
Dogecoin Price Prediction as $3 Billion Floods In – $10 DOGE Incoming?
Over the last day, Dogecoin (DOGE) has seen a notable 5% increase in its value, reaching a price of $0.1651. This positive movement aligns with a general uptick in the broader cryptocurrency market, which also saw a 5% rise today.
Despite this recent upward trend, Dogecoin has faced challenges in the past week, experiencing a significant 20% decrease in value. Similarly, its performance over the last month has been modest, with only a 2% increase.
However, there’s been a remarkable surge in trading activity surrounding Dogecoin lately, with its trading volume surpassing a staggering $3 billion in just the past few days. This surge suggests that many traders are seizing the opportunity to purchase Dogecoin while it’s available at a discounted price.
Moreover, there are indications that the cryptocurrency market is gearing up for another rally following the dip over the weekend. In light of this, Dogecoin could potentially see further gains in the very near future. As market conditions improve and sentiment becomes more positive, investors holding DOGE may witness their investments appreciate in value over the short term.
Dogecoin Price Prediction as $3 Billion Floods In – $10 DOGE Incoming?
The recent trajectory of DOGE, as reflected in its chart, indicates a significant rebound from its recent low point over the weekend, suggesting that the current upward momentum is likely to persist for some time.
Having dipped notably below its 200-day moving average yesterday, the coin’s 30-day moving average has started to ascend promisingly, indicating ample potential for further gains.
Moreover, the relative strength index (RSI) for DOGE has climbed to 60 from its weekend lows of 20, signaling a resurgence in buying activity and suggesting a continuation of upward pressure on the token’s price.
Although DOGE’s trading volume has shown a robust recovery in recent days, it remains below its levels seen in early March, when it exceeded $8 billion.
The movement of significant amounts of DOGE by whales to exchanges suggests a bullish sentiment among large holders, anticipating further price appreciation in the near term.
However, the outlook for DOGE’s price trajectory remains uncertain, with analysts divided on whether the upcoming Bitcoin halving event on April 20 will act as a catalyst for further gains or result in a “sell-the-news” reaction.
Assuming a more bullish sentiment eventually prevails, DOGE stands to benefit along with other cryptocurrencies amid increased investor interest.
Nevertheless, it’s important to note that DOGE lacks strong fundamental drivers to sustain independent price growth, though occasional endorsements or mentions from figures like Elon Musk could lead to temporary rallies.
In the longer run, the potential integration of digital payments by platforms like X could provide a significant boost to DOGE’s utility and value, potentially propelling it towards the $1 mark if such developments materialize within the year.
However, in the absence of such catalysts, a more conservative estimate would be a target of $0.5 by the end of 2024.
New Wave of Doge-Themed Meme Tokens
Dogecoin, the beloved mascot of the cryptocurrency world, maintains its status as a darling meme coin. However, its journey to astronomical gains might hinge on the crucial factor of X adopting Dogecoin payments.
This uncertainty prompts some traders to explore fresher meme coins, especially those exhibiting resilience during their presale stages and gaining traction as they gear up for public listing.
Enter Dogeverse (DOGEVERSE), a beacon of hope for Doge aficionados. This multi-chain meme coin has been making waves, raising an impressive sum of over $4.5 million in its ongoing sale.
But what sets Dogeverse apart? It’s not just another run-of-the-mill meme coin. Dogeverse transcends boundaries by operating across multiple blockchain platforms. Initially launching on Ethereum, it plans to spread its wings to Polygon, BNB Chain, Solana, Avalanche, and Base.
This multi-chain approach enhances Dogeverse’s accessibility and versatility, making it a versatile asset with potential applications across a plethora of platforms and services.
Now, let’s talk about its tokenomics. Dogeverse employs deflationary measures, meaning its token supply is capped at 200 million. Additionally, it introduces staking, a mechanism designed to reduce the circulating supply of tokens. This combination of capped supply and staking incentives sets the stage for a potential surge in demand, propelling the token’s value skyward over time.
Imagine the possibilities! Dogeverse could emerge as one of the most intriguing and successful newcomers in the cryptocurrency sphere this year. And the best part? You can be a part of it! Interested investors can hop on board the Dogeverse train by participating in its sale through the official website.
Currently, 1 DOGEVERSE token is priced at a mere $0.000295, but don’t let that fool you. With each successive stage of the sale, the price is expected to climb. And once the sale concludes and the token hits the exchanges, brace yourself for a potential price explosion!
In conclusion, Dogeverse’s unique design, multi-chain functionality, deflationary tokenomics, and staking mechanisms make it a coin to watch. So, if you’re looking for the next big thing in the meme coin universe, keep your eyes peeled for Dogeverse!
