Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) Achieve Milestones
Three of the most popular cryptocurrencies, Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB), have recently reached significant milestones. Let’s take a closer look at these achievements and explore what could be coming next.
XRP Reaches 5 Million Accounts
Ripple’s XRPL platform is on the verge of hitting 5 million total accounts, as reported by CryptoPotato. Currently, these wallets hold 58.6 million XRP, while the reserves stand at approximately 47.8 million XRP. Additionally, XRPL has integrated an automated market maker (AMM) and a clawback feature.
“XLS-30 will bring a native Automated Market Maker to the XRPL that integrates with the existing order book DEX to enable trading of digital assets in automated liquidity pools and enable developers to address a wider audience of DeFi stakeholders,” the announcement explains.
However, it’s important to note that users cannot use the clawback feature to recover XRP tokens. While some experts speculate that these developments could lead to a short-term price increase for XRP, CTO David Schwartz believes it will ultimately reduce volatility in the long term.
Shiba Inu’s Shibarium Gains Attention
The self-proclaimed “Dogecoin killer,” Shiba Inu, has been making headlines with its recently launched layer-2 scaling solution called Shibarium. On September 18, the network saw a 530% increase in newly verified contracts. The number of wallets on Shibarium has surpassed 1 million and currently stands at over 1.24 million.
Shibarium, which went live at the end of August, aims to improve transaction speed and reduce costs for Shiba Inu. This blockchain solution has gained significant traction and interest within the crypto community.
BTC Holders Stay Confident
Despite the prolonged bear market and Bitcoin’s price being far from its all-time high in November 2021, BTC holders remain unfazed and continue to trust the asset. The percentage of BTC supply that has been inactive for over three years recently reached an all-time high of over 40%.
Many experts, including Robert Kiyosaki, Adam Back, and Tom Lee, predict a significant price rally for Bitcoin in the future. They believe that Bitcoin could surpass the coveted $100,000 level.
Hot Take: Milestones Reached Amidst Crypto Volatility
Bitcoin, Ripple, and Shiba Inu have achieved notable milestones despite the volatility in the cryptocurrency market. XRP’s growing number of accounts and integration of new features on XRPL could impact its price in the short term while reducing volatility in the long term. Shiba Inu’s Shibarium scaling solution has gained attention with its increasing number of verified contracts and wallets. BTC holders remain confident in the asset’s long-term potential despite market fluctuations. These milestones highlight the resilience and potential of these cryptocurrencies amidst a turbulent crypto landscape.
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