Cryptocurrencies Price Prediction: Ripple, Shiba Inu & Chainlink — Asian Wrap 11 March

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XRPLedger AMM amendment passed with majority votes, XRP holders will earn passive income on this condition

Automated Market Maker (AMM) is set to debut on the XRPLedger and XRP holders will have the opportunity to provide liquidity to the AMM and earn passive income. Validators provided a clear picture of how XRP holders can earn through the AMM, and explain that simply holding the altcoin does not qualify traders for rewards or additional income.

Shiba Inu sees double-digit weekly gains, SHIB holders realize nearly $373 million profits

Bitcoin and Ethereum’s price rally in 2024 was followed by a surge in meme coins and AI/ metaverse tokens. Shiba Inu’s rally to 2024 high of $0.00004567 on March 5, followed Bitcoin’s gains and is likely catalyzed by capital rotation from the largest asset by market capitalization.

Chainlink price gears up for nearly 10% gains as LINK sees whale accumulation

Chainlink holders have engaged in accumulating LINK in the past two days. Chainlink’s supply has seen an increase in whale wallets and a decrease in retail investor holdings, likely to catalyze gains in the altcoin.

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FXStreet Team

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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.