DeFi News Daily Official TheBitTimes.com

XRP price is melting faces with a 110% surge in the last seven days, breaking the $1.00 psychological resistance. This performance surprisingly happens amid strong 3 billion XRP selling pressure from Ripple—the token’s largest holder—in 2024 alone. Even more notable, XRP is up 123% month-to-date, just after Ripple unprecedentedly prepared its largest monthly dump in the last seven years, reserving and spending 470 million from the 1 billion XRP escrow unlock, as Finbold reported. Overall, Ripple has reserved and spent 3.046 billion XRP year-to-date, worth over $3.46 billion at current prices. Finbold has been monitoring and reporting these sales in 2024 through XRP Scan, looking at the ‘Ripple (1)’ labeled account. Picks for you Bitcoin price levels to watch as $100,000 target becomes more realistic 2 hours ago...

A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend. “Strong PepeCoin is doing well right now, showing a lot of strength. To be determined if this is going to continue momentum, but watch out for the 200-day EMA (exponential moving average) around here. $2.30ish would be a decent entry in the short term. I have a bag.” Source: Altcoin Sherpa/X PepeCoin is trading for $2.97 at time of writing, a gain of more than 27,000% since October 13th, 2023 when it was worth $0.01088. Next up, the analyst compares the price chart of Synapse (SYN), a protocol that aims to enable secure cross-chain communication, to the price chart of the smart contract platform Sui Network (SUI). He suggests SYN may be forming a similar SUI pattern and cou...