Ripple whales have recently moved over 100 million XRP to exchanges as supply increases. The analyst PlanB has forecasted a bullish prediction for Bitcoin. He stated that Bitcoin would not fall below $35,000 while a new altcoin would lead the market rally.
Ripple (XRP) Whales on the Move
Ripple XRP has entered the news after massive whale transactions caught the attention of the crypto community. According to the report, two massive transactions occurred on November 28. The first transaction that attracted market enthusiasts involved 80 million XRP sent to an undisclosed wallet.
The second transaction then sent 26.70 million XRP to the Bitstamp exchange. These transfers of tokens to exchanges point to a possible rise in the available supply. This has consequently decreased demand and impacted Ripple’s price.
The price of Ripple has been fluctuating between $0.582076 and $0.634147, as per CoinMarketCap. In the meantime, analysts’ predictions for the price of ripple cryptocurrency indicate that it will rise 32.36% to $0.801142 in the upcoming weeks.
Bitcoin (BTC) Will Remain Above $35k, Says PlanB
The creator of the Stock-2-Flow (S2F) model, PlanB, has recently made a Bitcoin (BTC) price prediction. In a post shared on X, PlanB emphasized that Bitcoin price is unlikely to drop below the $35,000 mark again.
He supported his argument with a chart that showed that Bitcoin’s value has grown with its hashrate. His study indicated that the flagship cryptocurrency won’t drop below the $35,000 support level. The expert is well-known for her Bitcoin forecasts.
PlanB recently forecasted that in the near future, Bitcoin will price between $65,000 and $524,000. The price of the Bitcoin cryptocurrency has been trapped between $35,965.36 and $38,189.66 for the past week, according to data from CoinMarketCap.
Meme Moguls (MGLS): Trade Your Memes and Meme-based Assets
Meme Moguls (MGLS) is a fascinating project with a unique goal: to establish the world’s first stock exchange centered around memes. The project is aimed at uniting meme enthusiasts and gamers from across the globe.
Meme Moguls has also presented a great alternative for individuals looking for a more passive income source. The native MGLS token can be staked by users, and the more tokens they stake, the more money they can make. It is important to remember that the MGLS coin is only worth $0.0021 at the moment.
Meme Moguls also understands the value of community involvement. As a result, it has promised to give away a whopping $10,000 to active participants at the conclusion of each presale phase.
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- Source: https://coinpedia.org/press-release/whales-move-over-100m-xrp-planb-analyst-forecast-bullish-for-btc/
