{"id":4802,"date":"2024-09-09T10:43:07","date_gmt":"2024-09-09T10:43:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4802"},"modified":"2024-09-09T10:43:07","modified_gmt":"2024-09-09T10:43:07","slug":"top-ripple-xrp-price-predictions-shiba-inu-shib-developments-and-more-bits-recap-sep-9","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4802","title":{"rendered":"Top Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 9"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

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XRP is down 10% on a two-week basis, but analysts remain optimistic about a potential bull run.
\nSHIB has plunged 12% for the same period, with ongoing token burns aimed at reducing supply and boosting its value.
\nBTC is also in the red, with potential rallies linked to upcoming economic events.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Where\u2019s XRP Headed?<\/h2>\n

Ripple\u2019s XRP has been on a serious downfall <\/span>as of late<\/span>, resonating with the broader decline of the cryptocurrency market. Its price is currently hovering around $0.53, a 10% plunge <\/span>on a two-week scale<\/span>.<\/span>\u00a0<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Despite the negative trend, numerous analysts remain optimistic that a resurgence is knocking on the door. <\/span>One X user <\/span>argued<\/span><\/a> that XRP is a \u201csleeping giant\u201d <\/span>that is<\/span> gearing up for a bull run. The crypto enthusiast claimed the asset is on the same accumulation stage observed in 2013 and 2018 which was later followed by a rally.<\/span><\/p>\n

Crypto Bitlord \u2013 an analyst with almost 350,000 followers on X \u2013 was bullish, too, calling the token undervalued. <\/span>\u201cThis reminds me of when it was at <\/span>$0.04 cents<\/span> before its $3.00 run <\/span>all<\/span> these shakeouts <\/span>are designed<\/span> to get our coins $27.00 is realistic,\u201d they <\/span>said<\/span><\/a>.<\/span><\/p>\n

For their part, Mando CT <\/span>envisioned<\/span><\/a> the formation of a \u201cclear bullish divergence.\u201d The analyst, who is known as a keen proponent of Bitcoin (BTC), promised to accumulate as many XRP tokens as possible. Those willing to explore additional price forecasts can check our detailed article <\/span>here<\/span><\/a>.<\/span><\/p>\n

What\u2019s New Around SHIB?<\/span><\/h2>\n

The price of the popular meme coin <\/span>has also been negatively affected by the recent market correction<\/span>.<\/span> SHIB is currently trading at approximately $0.00001319, representing a 12% decrease on a 14-day scale.\u00a0<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

One factor that could positively impact the valuation is the advancement of the Shiba Inu burning program. A few days ago, the community-driven project LTD TOKEN destroyed<\/a> 250 million SHIB.<\/span><\/p>\n

The USD equivalent of the stash might be insignificant, but continuous efforts in that field can benefit the price of the self-proclaimed Dogecoin killer. After all, the burning program leaves fewer tokens in circulation, which, combined with non-declining demand, should push the value up.\u00a0<\/span><\/p>\n

Recall that <\/span>over 680 million SHIB tokens were <\/span>sent<\/span><\/a> to a null address throughout August. The amount represents a 79% increase compared to the burnt stash in July.<\/span><\/p>\n

How\u2019s BTC Doing?<\/span><\/h2>\n

The price of the primary cryptocurrency <\/span>is<\/span> down 13% in the past two weeks, currently trading at around $55,000 (per <\/span>CoinGecko\u2019s<\/span> data).<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

However, <\/span>there are<\/span> numerous upcoming events <\/span>that<\/span> could trigger a major rally in the near future.<\/span> One factor (arguably the most important) is the outcome of the FOMC meeting <\/span>scheduled<\/span><\/a> for September 18. <\/span><\/p>\n

The expectation is that the US Federal Reserve will finally cease its aggressive anti-inflationary policy and lower interest rates. Such a move will make money-borrowing cheaper, potentially boosting investors\u2019 interest in risk-on assets such as BTC.\u00a0<\/span><\/p>\n

The August CPI inflation data, which will be announced on September 11, might also result in enhanced volatility. Those curious to see what other <\/span>key<\/span> events can play a role in BTC\u2019s market dynamics can check our article <\/span>here<\/span><\/a>.\u00a0<\/span><\/p>\n

The post Top Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 9<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP is down 10% on a two-week basis, but analysts remain optimistic about a potential bull run. SHIB has plunged 12% for the same period, with ongoing token burns aimed at reducing supply and boosting its value. BTC is also in the red, with potential rallies linked to upcoming economic events. Where\u2019s XRP Headed? […]<\/p>\n","protected":false},"author":0,"featured_media":4803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4802"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4802"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4803"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}