Crypto whales scoop up Rollblock, XRP, and Shiba Inu in August
The post Crypto whales scoop up Rollblock, XRP, and Shiba Inu in August appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto whales shift focus from speculation to innovation, with Rollblock, XRP, and Shiba Inu leading the charge despite August drop. Unlike the early 2024 meme-riddled frenzy, the narrative has changed, and crypto whales have started scooping up innovation – rather than speculation. Despite the gut-wrenching drop this August, crypto whales have found solace in a trio of tokens: Rollblock, XRP, and Shiba Inu. XRP won its legal battle, and Shiba Inu’s price turned bullish following monumental ecosystem development. But none has been as attractive as Rollblock’s iGaming solution and cosmic rise in presale. The snap-up is getting more alarming. Its ICO went up 140% after raking up $2.9M in investment. Ripple’s legal win triggers rebound on XRP price XRP is gearing up to roar back to life after its massive legal triumph over the US SEC. Since then, key metrics have pointed to surging crypto whales and investors’ interest in the XRP price. In fact, on-chain data shows deep-pocketed XRP whales accumulated over 50M XRP tokens in a single day. Additionally, Ripple’s ecosystem development and institutional adoption have increased significantly. The cross-border remittance network announced its RLUSD stablecoin, a value-driven addition that could significantly increase its utility and appreciation. Shiba Inu price analysis: SHIB gears up for 50% run amid ecosystem development Shiba Inu’s price has been on a rollercoaster ride since the year started. However, a look at crypto whale activities shows SHIB is primed for redemption on the price chart. LookonChain data shows crypto whale inflows have surged 218.84% over the last 30 days. The surge in daily active users and ecosystem activities on the layer-two Shibarium network has been an important catalyst for this positive sentiment.…
Filed under: News - @ September 1, 2024 1:15 pm