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Discover the three main news stories of the past day presented by U.Today.
XRP Price Turns Green on Christmas Eve
YesterdayOn Christmas Eve, the crypto market saw a positive change as many digital assets, including XRP, saw their prices increase. The price of the Ripple-affiliated asset increased by over 5.1%, reaching a recent high of $2.325. Traditionally, the holiday season brings a dynamic mood to the market, which could influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may also affect the cryptocurrency landscape, particularly with the involvement of large institutions like BlackRock and Fidelity. At the time of writing, XRP is trading at $2.29, down almost 1% in the last 24 hours, according to CoinMarketCap.
SHIB burns collapse as price makes unexpected pivot
According to data from blockchain tracker Shibburn, the Shiba Inu’s burn rate has significantly decreased. Despite burning activity dropping by more than 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins in the last 24 hours. This was achieved through six burn transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned around 10,000,000 worth of SHIB by sending them to unusable wallets. Meanwhile, the current burn rate does not seem to influence the SHIB price, which rose from $0.00002117 to $0.00002336. Currently, SHIB is changing hands at $0.000023, up 0.12%, per CoinMarketCap.
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$2,200,000 per Bitcoin – predicts Max Keizer
Max Keizer, a prominent Bitcoin maximalist and former financial journalist, made an ultra-bullish price prediction for Bitcoin, suggesting it could reach $2,200,000 per coin in the long term. Keizer’s forecast comes as a comment to an article X discussing the Bitcoin holdings of various countries, including El Salvador, where he lives and serves as an advisor to President Nayib Bukele. X’s original post speculated that if many large countries began actively accumulating Bitcoin, its price could rise significantly over the next 12 to 24 months. Keizer’s new prediction marks a tenfold increase from his previous estimate of $220,000 per Bitcoin.