Cryptocurrencies Price Prediction: Ripple, Abracadabra & Dogecoin – American Wrap 30 January

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Ripple price subdued despite XRP validators commitment to adopt Rippled version 2.0.1 of XRPLedger update

Ripple (XRP) price continues to harm investors as overhead pressure continues to accumulate. It comes despite recent developments in the ecosystem, where XRP validators have shown commitment to adopt Rippled version 2.0.1 of the XRPLedger update.

Abracadabra Finance loses nearly $6.5 million to an exploit

Abracadabra Finance, a DeFi lending and borrowing protocol, acknowledged in a recent tweet that its Ethereum cauldrons have been hit by an exploit. Blockchain security firm PeckShield estimates that the exploit resulted in a loss of $6.49 million.

PeckShield’s experts identified details pertaining to the exploit; the attacker funded it with 1 Ether from Tornado Cash and resulted in the biggest depeg in MIM stablecoin since the USD-pegged asset’s inception.

Dogecoin Active Addresses surge nearly 12% overnight, to DOGE all-time high

Dogecoin network has observed a surge in Daily Active Addresses and New Addresses. On January 29, new DOGE addresses hit an all-time high of 247,240, according to data from IntoTheBlock.

DOGE price climbed to $0.8215 on Tuesday.

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Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.