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Top Crypto News: Bezos, XRP, and SHIB Developments

Explore the latest in crypto with insights on Bezos's Bitcoin proposal, XRP's investor trends, and SHIB's burn rate dynamics.
Published on 2024-12-24

Bezos and the $600 Million Bitcoin Proposal

MicroStrategy's Michael Saylor recently suggested that Amazon founder Jeff Bezos consider investing $600 million in Bitcoin. This comes in response to a false report about Bezos's extravagant wedding plans. Saylor's comment highlights Bitcoin's potential as a lucrative investment, contrasting with lavish spending.

XRP's Declining New Investor Interest

Recent data reveals a troubling trend for XRP, with a sharp decline in new account creations. On Dec. 22, 2024, only 1,756 new accounts were activated, a stark contrast to earlier peaks. This decline indicates diminishing interest from new investors and reflects reduced engagement on the XRP Ledger. The asset currently struggles with a descending triangle pattern, and its price remains around $2.30. The future of XRP could hinge on strategic partnerships or significant network upgrades to revive interest and activity.

SHIB Burn Rate and Price Fluctuations

The Shibburn tracking platform reports a dramatic increase in SHIB burn rates, with a 936.52% surge in daily activity. On Dec. 23, over 6.6 million SHIB coins were sent to dead-end wallets, reflecting intensified community efforts. Despite this, the weekly burn rate shows a decline of nearly 60%, with over 62 million SHIB coins locked in unspendable wallets. SHIB's current trading price is $0.00002303, marking an 8.05% increase in the past 24 hours. This dynamic burn activity could influence SHIB's market performance, underscoring the potential volatility in meme coin investments.

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