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Summary of Top Cryptocurrency News

Jun 11, 2024

XRP Inflows Surge Amid Altcoin Market Downturn

Recently, CoinShares reported a $1.2 million inflow into XRP, a significant contrast to the subdued altcoin market. While Solana, Litecoin, and Chainlink saw inflows of $0.7 million, and Binance received $0.2 million, XRP stood out with its growing weekly trend. The reasons behind this influx remain unknown, but XRP's price is currently at $0.4819, showing a 4.17% decrease in the past 24 hours.

Shiba Inu Faces Crucial Support Level

Shiba Inu is at a critical juncture with 40 trillion SHIB tokens held by 51,350 addresses in a key support range. This level, close to the current market price of $0.0000232, may determine Shiba Inu's future price direction. If the support holds, a rebound is possible; however, failure could lead to further downside pressure to $0.000014.

Cardano Dominates Social Media Discussions

Cardano has sparked significant engagement on social media, driven by Charles Hoskinson's announcement of the upcoming Chang hard fork. Despite the optimism and active discussions, ADA's price remains at $0.419, reflecting a 6.42% drop over 24 hours, according to CoinMarketCap data.

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