SHIB Coin Rises to #2 in MarketVector’s Meme Coin Index; Ripple’s CTO Addresses Satoshi Speculations: Latest Crypto Updates

  • Shiba Inu secures elite status in market rankings among meme coins.
  • “Not true, but plausible”: Ripple CTO breaks silence as to whether he is Satoshi.
  • Legendary trader Peter Brandt drops intriguing hint on Ethereum’s (ETH) price action.

Explore the latest developments in the crypto world, including Shiba Inu’s rise in market rankings, Ripple CTO’s response to being Satoshi, and Peter Brandt’s analysis of Ethereum’s price action.

Shiba Inu secures elite status in market rankings among meme coins

Shiba Inu has achieved a new milestone by claiming the second spot in VanEck’s MarketVector’s Meme Coin Index, only trailing behind Dogecoin. According to the index’s data, SHIB’s weight is 28.28%, while DOGE’s stands at 30.69%. Other meme coins in the index include Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI), and BONK. The Meme Coin Index is currently the best-performing index on MarketVector, with a staggering return of 137.96% this year, indicating increased interest and speculative investment in meme coins.

“Not true, but plausible”: Ripple CTO breaks silence as to whether he is Satoshi

Ripple CTO David Schwartz has once again addressed the speculation about his connection to the creation of Bitcoin and whether he is the elusive Satoshi Nakamoto. Schwartz firmly denied these assumptions, stating that although he had the necessary skill set to create Bitcoin, he only discovered it in 2011, well after its inception. He also emphasized his unfamiliarity with the Qt interface, a crucial aspect of the early Bitcoin code. However, when asked if he could still be “the main guy” despite lacking Qt knowledge, Schwartz responded, “It’s not impossible. Not true, but it’s not impossible.”

Legendary trader Peter Brandt drops intriguing hint on Ethereum’s (ETH) price action

Veteran trader Peter Brandt recently drew attention to Ethereum’s chart, describing it as “very intriguing.” Brandt analyzed two chart patterns to predict Ethereum’s potential trajectory. One pattern resembled a flag, a continuation pattern that often appears during a brief pause in a bullish or bearish trend. However, the pattern is too long to be considered a flag, with a channel seeming the most likely label. Both a flag and a channel have the potential for a breakout in either direction. “I could go either way with this chart,” Brandt explained.

Conclusion

The crypto world continues to evolve, with Shiba Inu rising in the meme coin rankings, Ripple’s CTO addressing speculation about his role in Bitcoin’s creation, and Peter Brandt’s analysis of Ethereum’s price action. These developments underscore the dynamic and unpredictable nature of the crypto market, offering both risks and opportunities for investors.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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