BTC Primed for Major Run, Elon Musk Sets New Record, Shibarium Boosts Shiba Inu’s Network Growth: Crypto News Digest
BTC Primed for Major Run if “Beautiful” Pattern Validates
A popular crypto analyst and founder of Capriole Fund, Charles Edwards, recently shared an insightful Bitcoin monthly chart. He pointed out a “beautiful” pattern that, if validated, could ignite a major run for the flagship cryptocurrency. Edwards referred to it as “Bitcoin’s four bumps and runs” and noted that this cycle’s bump and run reversal (BARR) aligns with previous cycles as BTC approaches the 2024 halving. Based on historical data, Edwards predicts that the next 12 to 18 months could see the highest cycle returns. At the time of writing, BTC is trading at $27,520, showing a 1.33% decline according to CoinMarketCap.
Elon Musk Becomes the Biggest DOGE Fan and Sets New Record
Elon Musk, known for his position as the world’s wealthiest individual and leading innovative companies like Tesla and SpaceX, has achieved another remarkable feat. This time, it’s related to the X app (formerly known as Twitter), which Musk purchased in October last year. Recent data shows that Musk has become the most followed person in the world, with over 159 million subscribers to his X account. In addition to this achievement, Musk is a vocal supporter of DOGE and his tweets often influence the meme coin’s price.
Shibarium Drives Shiba Inu’s Network Growth with Major Milestone
Within just 40 days of its full-scale launch, Shibarium, a blockchain project, has exceeded three million completed transactions. This significant milestone highlights the rapid development and extensive growth of Shiba Inu’s network, establishing it as a major player in the blockchain industry. The success of Shibarium can be attributed to BONE, the governance token of the SHIB ecosystem, which plays a crucial role in most transactions within the Shiba Inu blockchain. The number of BONE transactions on Shibarium has reached an impressive 200,000, underscoring its importance to the platform’s functionality.
Ripple President Celebrates Company’s Big Win
CBInsights has recently announced that Ripple made it onto the prestigious Fintech 100 list for 2023. This recognition reflects Ripple’s contributions to modernizing cross-border payments and integrating cutting-edge technologies like blockchain and XRP. Ripple’s President, Monica Long, expressed her honor and pride in being featured on the exclusive list of the top 100 most promising private global fintech companies. Long emphasized the robustness and maturity of Ripple’s business operations, highlighting the achievements made in 2023 and praising the company’s powerhouse team.
This article presents the latest crypto news, covering Bitcoin’s potential for a major run, Elon Musk’s record-breaking influence, Shibarium’s network growth, and Ripple’s significant achievement. Stay tuned for more updates on the exciting world of cryptocurrencies!
