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U.Today – Check out three top news stories brought to you by U.Today from the past day.
On Christmas Eve, the price will be bull green.
Yesterday, on Christmas Eve, the crypto market experienced a positive change, with many digital assets, including XRP, seeing price increases. The price of the asset associated with Ripple has increased by more than 5.1%, reaching a recent high of $2.325. Typically, the festive season brings a buoyant mood to the market, which can affect trading behavior. However, as traders and fund managers complete their year-end accounts, the impact of traditional financial practices could affect the cryptocurrency landscape, particularly with the involvement of major institutions such as BlackRock (NYSE: ) and Fidelity. At the time of this writing, XRP is trading at $2.29, down 1% in the last 24 hours, according to CoinMarketCap.
SHIB will burn as the price makes an unexpected pivot.
According to Shibburn blockchain tracking data, the number of fires has decreased significantly. Despite the over 64% drop in burn activity, the SHIB community managed to burn 3,166,691 SHIB meme coins in the last 24 hours. This was achieved through six burned transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB fans burned through sending around 10,000,000 SHIB to non-extractable wallets. Meanwhile, the current burning rate has increased from $0.00002117 to $0.00002336 and will not affect the price of SHIB. Currently, SHIB is trading at $0.000023, up 0.12%, on CoinMarketCap.
$2,200,000 per – Max Kaiser predicts
Well-known Bitcoin expert and former financial journalist Max Kaiser has made an extremely dire price prediction for Bitcoin, suggesting that it could reach $2,200,000 per coin in the long term. Kaiser’s prediction comes as a comment on X’s post discussing Bitcoin holdings, including in El Salvador, where he lives and serves as an adviser to President Nayeb Bukele. The original X post speculated that if more major countries start hoarding Bitcoin, the price could increase significantly in the next 12 to 24 months. Keyser’s new forecast represents a tenfold increase from the previous estimate of $220,000 per bitcoin.
