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Whales Accumulate Ripple (XRP) and Bitcoin (BTC) After EFT approval – New Presale Meme Moguls Races Past 1.5M

Press Releases Crypto News CryptoDaily UK Whales Accumulate Ripple (XRP) and Bitcoin (BTC) After EFT approval - New Presale Meme Moguls Races Past 1.5M

The crypto market is expected to boom this week, with speculations that at least one Bitcoin spot ETF application will be accepted. To prepare for this surge, crypto whales are accumulating Ripple and Bitcoin, two projects that are expected to dramatically increase in value. While headlines focus on these developed projects, Meme Moguls, an exciting new altcoin, could be next on the radar. Here’s why.

Whales Accumulate 360 Million Ripple (XRP)

Ripple had a poor performance in December. Its value fell 13% to $0.568, causing Ripple’s trading activity to drop as investor confidence fell. However, several whale transactions have rebuilt the hype behind Ripple.

Over the last week crypto whales have purchased over 360 million XRP tokens. This has triggered a rise in Ripple’s daily trading volume, which hit $1.2 billion on January 9th. Now, many Ripple price predictions have turned bullish, as investors anticipate a price surge following the release of a Bitcoin ETF.

According to bullish analysts, Ripple could surge to $0.75 before the end of the month, should the project continue to attract investment from big players. Nonetheless, most predictions suggest Ripple will hit a more modest price of around $0.65

Bitcoin Daily Trading Volume Passes $40 Billion

As crypto experts predicted, Bitcoin ETF has been now approved, Bitcoin activity is hitting annual highs. Over the last 24 hours, Bitcoin’s daily trading volume hit $40 billion, a 60% increase overnight. This monumental growth displays a bullish sentiment around Bitcoin, with many analysts suggesting that Bitcoin could hit a new all-time high post-ETF approval.

According to Axios, the U.S. SEC will approve at least one of the 13 ETF applications it received. New applications are more likely to be approved once the first passes, which will likely take the DeFi market into a new bull run.

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Author: Crypto Daily

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