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

FXStreet Team FXStreet

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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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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