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Ripple's XRP Ledger has launched its Ethereum-compatible sidechain on the mainnet, allowing developers to build and deploy Ethereum-compatible apps within the XRP ecosystem. This integration combines the XRP Ledger's low-cost transactions with Ethereum's smart contract functionality, enabling new decentralized applications like lending, tokenization, and payments. The XRPL EVM Sidechain was developed in collaboration with Peersyst and Axelar, using Evmos' software stack. This sidechain connects to the XRPL mainnet via Axelar, enabling seamless asset transfers between blockchains. With this launch, XRP can now flow across multiple chains, unlocking new possibilities for interoperability, programmability, and utility. According to Ripple CTO David Schwartz, the sidechain extends the XRP Ledger's capabilities without changing its fundamentals. Peersyst's Ferran Prat added that this launch marks the beginning of a new era for XRP, enabling it to operate seamlessly across the multichain world.#StrategyBTCPurchase
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Shiba Inu (SHIB) price is showing signs of a potential bullish breakout despite recent challenges. Here's a summary of the current situation: Challenges: - SHIB price has crashed to a crucial support level, trading at $0.0000115, 35% below its May high and 65% lower than its November peak. - The broader altcoin market has underperformed, with the market capitalization of non-BTC, non-ETH, and non-stablecoin cryptocurrencies declining from $947 billion to $583 billion. - Shibarium ecosystem has faced internal challenges, including a 20% decline in total value locked (TVL) over the past 30 days, now standing at $2.58 million. - Most dApps in the ecosystem, such as ShibaSwap and WoofSwap, have seen assets decline in the past 30 days. Bullish signs: - Whales have started buying SHIB after months of selling, which could signal a potential price rebound. - Technical analysis suggests a double-bottom pattern, a highly bullish sign, with a neckline at $0.00001755. - A potential breakout could see SHIB price rise by 55% to $0.00001755. - The Relative Strength Index (RSI) has moved from oversold levels, indicating a possible bounce back. Key levels to watch: - Support level: $0.0000099 (a drop below this level would invalidate the bullish outlook) - Resistance level: $0.00001755 (neckline of the double-bottom pattern) Overall, while SHIB has faced significant challenges, the recent whale accumulation and technical indicators suggest a potential bullish breakout may be on the horizon. $SHIB #SHİB #SHIB
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