PakGazette: Check out the top three news stories from the past day brought to you by PakGazette.
Price turns bullish green on Christmas Eve
Yesterday, on Christmas Eve, the cryptocurrency market saw a positive change, with many digital assets, including XRP, seeing price increases. The price of the Ripple-affiliated asset grew by more than 5.1%, reaching a recent high of $2,325. Traditionally, the festive season brings an optimistic mood to the market, which could influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may also affect the cryptocurrency landscape, especially with the participation of major institutions such as BlackRock (NYSE:) and Fidelity. At the time of writing, XRP is trading at $2.29, down almost 1% in the last 24 hours, according to CoinMarketCap.
SHIB burns collapse as price takes unexpected turn
According to data from blockchain tracker Shibburn, the burn rate has decreased significantly. Even though burning activity decreased by over 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins in the last 24 hours. This was achieved through six burn transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned around 10,000,000 SHIB by sending them to disposable wallets. Meanwhile, the current burn rate does not seem to be influencing the price of SHIB, which has increased from $0.00002117 to $0.00002336. SHIB is currently changing hands at $0.000023, up 0.12%, according to CoinMarketCap.
$2,200,000 per person, predicts Max Keizer
Max Keizer, a prominent Bitcoin maximalist and former financial journalist, has made an ultra-bullish price prediction for Bitcoin, suggesting that it could reach $2,200,000 per coin in the long term. Keiser’s forecast appears as a comment to an X post analyzing the Bitcoin holdings of several countries, including El Salvador, where he lives and serves as an advisor to President Nayib Bukele. X’s original post speculated that if many major countries began actively accumulating Bitcoin, its price could rise significantly over the next 12 to 24 months. Keizer’s new prediction is a tenfold increase over his previous estimate of $220,000 per Bitcoin.
