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Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains Trading volumes for XMR zoomed from an average of $50 million on a seven-day rolling basis to over $220 million in the past 24 hours Bitcoin traded above $94,800, up 0.7% over 24 hours, with the CoinDesk 20 index 2.2% higher. Monero surged as much 40% in 24 hours, with trading volumes increasing significantly, following a possible exploit. Crypto market sentiment remains cautiously bullish amid macroeconomic challenges and regulatory changes. XRP led majors' gains, rising almost 7%, driven by a ProShares ETF approval that will see three futures-tracked products go live on April 30. Cardano’s ADA gained more than 3% and BNB Chain’s BNB added 1%. Ether (ETH) was unchanged $XRP
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When Will Shiba Inu Reach 1 Cent? Many investors and traders eagerly anticipate when Shiba Inu reaches the 1 cent mark. However, this may not be possible considering the current circulating supply of 589 trillion tokens. And to reach a value of $1, the market cap of Shiba Inu would have to be $589 trillion, which is currently unattainable. However, introducing a burn rate mechanism with Shibarium could increase deflationary pressure on the currency, which may, in turn, push its value higher. On the one hand, Shiba Inu has gained popularity for its low price and the potential positive impact of Shibarium, a decentralized exchange developed by the Shiba Inu team. This could potentially lead to substantial returns for investors in the long term. On the other hand, the volatile nature of meme coins and competition from newer coins could affect their market value adversely. Additionally, the lack of a clear roadmap and whitepaper for the project might make it challenging to understand its long-term goals and growth potential. Therefore, doing your research before investing in Shiba Inu is essential. You should consider the potential risks and rewards and evaluate whether they align with your investment strategy and risk tolerance. In conclusion, Shiba Inu is a high-risk, high-reward investment. Its future growth will largely depend on several factors, including the Shibarium, continued support from its community, and overall market conditions. As always, potential investors should do their homework before jumping in. #Shibalnu $SHIB
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How Trump Just Made His Own Cryptocurrency Value Skyrocket Trumpworld, including the president himself, who holds roughly 80 percent of the total supply of TRUMP tokens. The dinner announcement sparked a 54 percent jump in the value of the memecoin. The top 25 investors in TRUMP tokens will receive VIP access to the dinner event, opening the opportunity for them to take photos alongside Trump and receive a guided tour the following day. $TRUMP
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Key Use Cases of Ethereum Ethereum has played a vital role in expanding blockchain technology, offering blockchain projects, faster transactions, enhanced efficiency, and decentralized applications to industries across the globe. Let’s take a look at the critical use cases of ETH, which are extensive and expanding at a breakneck pace: Decentralized Finance (De-Fi) Decentralized Autonomous Organizations (DAOs) Smart Contracts Non-Fungible Tokens (NFTs) Decentralized apps or Dapps. In short, there are many sectors in which Ethereum is creating value and offering utility. Industries, from entertainment to real estate and even the healthcare sector, are creating apps and tools based on the blockchain solutions provided by ETH. experts envision ETH reaching a valuation of $40,000 by 2030. While this might seem ambitious, it is not entirely implausible. Several compelling factors, such as its comprehensive market strategy, unique model, scalability solutions, and leadership in various decentralized applications, have positioned ETH at the forefront of the cryptocurrency landscape $ETH #EthereumFuture
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Latest News
Arizona House to Vote on Bitcoin Reserve Bills
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Abu Dhabi Entities Announce Plans for Dirham-Backed Stablecoin
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ProShares XRP ETF Launch Date Remains Uncertain
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Ethereum Foundation Outlines New Vision for Decentralized Future
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Cryptocurrency Market Experiences Significant Liquidations in April
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