Ripple CTO Clarifies XRP vs Bitcoin, SHIB Reaches Support Level, Brazil Approves XRP ETF

Ripple CTO Highlights Key Difference Between XRP and Bitcoin

Ripple CTO David Schwartz recently discussed the supply dynamics between XRP and Bitcoin. He emphasized that while Bitcoin has a lower total supply in terms of coins (21 million vs. XRP's 100 billion), in dollar terms, Bitcoin's supply is actually higher. Schwartz noted that the perceived scarcity of Bitcoin is misleading when measured in dollars, as its larger unit value skews comparisons. Currently, Bitcoin's total supply in dollar terms exceeds that of XRP, challenging the notion of Bitcoin's superior scarcity.

Shiba Inu (SHIB) Reaches Critical Support Level

Shiba Inu has reached a potential support level at $0.00001485, forming a double bottom pattern. This could signal a price reversal, though the recent appearance of a death cross on SHIB's chart indicates bearish momentum. For a bullish reversal, SHIB must break above the 50-day moving average at $0.00001700. However, weak buying interest and persistent selling pressure could push SHIB lower, potentially to $0.00001300 or below.

Brazil Approves World's First XRP ETF

Brazil has made history by approving the world's first XRP spot ETF, managed by asset management firm Hashdex. This ETF will allow both institutional and retail investors to invest in XRP without the need for direct wallet management. With Brazil's large population of over 200 million, this ETF is expected to significantly boost XRP's adoption. The launch date on the Brazilian Stock Exchange (B3) is yet to be announced, but this move positions Brazil as a pioneer in crypto investment products.