Analyst warns of ‘leverage driven pump’ as XRP price soars
Analyst warns of ‘leverage driven pump’ as XRP price soarsThe crypto issued by Ripple Labs started its climb following the US elections, accumulating a 232% price increase in the past 30 days.
Happy Saturday!XRP's recent surge has captured the attention of the crypto world, with analysts warning that this impressive 232% price increase over the last month may be driven by leverage rather than sustainable growth. Meanwhile, in a bizarre twist, Tron founder Justin Sun has made headlines by eating a $6.2 million banana duct-taped to a wall, highlighting the intersection of art, NFTs, and blockchain technology. On a darker note, North Korean hackers are reportedly using AI and sophisticated tactics to impersonate tech professionals and siphon billions in cryptocurrency, raising alarms about cybersecurity in the digital asset space. Stay tuned for more insights on these compelling stories shaping the crypto landscape today. LATEST SLATECAST 🎙️ Exploring decentralized AI and artistic innovation with Dimitri de Jong of 204.ai 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.41 trillion, with a 24-hour volume of $162.26 billion. The price of Bitcoin is $96,730.30, and BTC market dominance is 56.2%. The price of Ethereum is $3,680.64, and ETH market dominance is 13.0%. The best-performing sector is Identity, which gained 15%. The Crypto Fear & Greed Index is currently Greed (84). 📰 Top News
Analyst warns of ‘leverage driven pump’ as XRP price soarsThe crypto issued by Ripple Labs started its climb following the US elections, accumulating a 232% price increase in the past 30 days. Justin Sun eats the $6.2 million banana duct-taped to a wallThe Tron founder drew a parallel between art, NFTs, and blockchain during the event. North Korean hackers impersonate tech professionals to steal billions in cryptoNorth Korean IT operatives use sophisticated AI and malware tactics to fund state nuclear arsenal and evade sanctions.
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Polymarket: A revolution in prediction marketsCryptoSlate's latest report dives deep into Polymarket's evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position.
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