Shiba

Cryptocurrency

April

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-developments-in-cryptocurrency-markets-3/" data-wpel-link="internal">Recent Developments in Cryptocurrency Markets</a><br></p>
<p style="text-align: justify">Kripto paralarda çalkantılı bir 24 saat yaşanırken gözler <a href="https://coin-turk.com/abd-hazine-bakani-su-i-misal-emsal-olmasin-bitcoin-bunun-icin-var" data-wpel-link="internal">Bitcoin</a> dışında diğer kripto paralara da dönmüş görünüyordu. Yaşananlar ise piyasanın birçok katılımcısını ilgilendiriyordu. Peki kripto paralarda neler yaşanıyor?</p> 
<h2 style="text-align: justify" id="shib-burning-rates-surge">SHIB Burning Rates Surge</h2> 
<p style="text-align: justify">Yesterday, according to Shibburn, the <a href="https://en.coin-turk.com/justin-suns-significant-move-in-the-crypto-market/" data-wpel-link="internal">Shiba</a> Inu community triggered a significant increase in SHIB burning rates. Thanks to the efforts of SHIB investors, 40,067,872 SHIB meme tokens were transferred to burning wallets.</p> 
<p style="text-align: justify">Although the amount of tokens burned seems relatively low, the rate of burning indicated an astonishing 2,076% increase after the largest burning event where 20,000,000 SHIB were destroyed, and the second largest saw 1,693,629 SHIB eliminated.</p> 
<p style="text-align: justify">The rise in burning amounts occurred following announcements by Lucie, the marketing leader for Shiba Inu, about planned developments in Shibarium for the years 2024-2025.</p> 
<p style="text-align: justify">The list included ShibaSwap (version 1.75, then 2.0), Shibahub, Treat, ShibaEternity P2E, SHIB the <a href="https://en.coin-turk.com/dwf-labs-makes-strategic-investment-in-blockchain-gaming/" data-wpel-link="internal">Metaverse</a>, K9finance Liquid Staking, and Layer-3 testnet among other significant topics.</p> 
<h2 style="text-align: justify" id="will-xrp-price-rise">Will XRP Price Rise?</h2> 
<p style="text-align: justify"><strong>XRP</strong> recently encountered resistance at a critical price level and failed to surpass it. Nevertheless, attempts to limit price declines resulted in a sharp turnaround from XRP’s moving average, indicating potential problems for the asset.</p> 
<p style="text-align: justify">As of today, XRP continues to trade around the strong support level of $0.52, a region that has historically triggered a rebound in token prices. The next critical price level to watch for XRP is the longer-standing $0.47.</p> 
<p style="text-align: justify">A move below this level could trigger a significant drop for XRP and lead to a prolonged decline. The last support level is at a weaker $0.41, seen as the final point.</p> 
<h2 style="text-align: justify" id="justin-sun-and-ethereum-comments">Justin Sun and Ethereum Comments</h2> 
<p style="text-align: justify">According to a post shared yesterday by Lookonchain, a wallet believed to be associated with TRON’s founder Justin Sun, using the address “0x4359”, withdrew $22.34 million worth of 7,128 ETH from <a href="https://en.coin-turk.com/binance-tether-transactions-draw-attention-amidst-doj-negotiations/" data-wpel-link="internal">Binance</a>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345069" src="https://coin-turk.com/wp-content/uploads/2024/04/justin-sun-coin-turk-com.png" alt="" width="475" height="430"></p> 
<p style="text-align: justify">On the other hand, Lookonchain also reported that since April 8, the mentioned wallet address has purchased 154,570 ETH valued at $492.23 million at a price of $3,177.</p> 
<p style="text-align: justify">These price movements on the Ethereum side not only highlight Sun’s actions but also support the sentiment of a rise associated with ETH whales.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-developments-in-cryptocurrency-markets-3/" data-wpel-link="internal">Recent Developments in Cryptocurrency Markets</a></h5>

Recent Developments in Cryptocurrency Markets

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