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Top Crypto News: Elliott Wave for Shiba Inu, Controversial XRP Outlook, PEPE Listing

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5 hours ago


The past 24 hours in the cryptocurrency world bring significant developments. Shiba Inu shows potential for major growth following Elliott Wave Theory. A popular trader shares a controversial outlook on XRP prices, and meme coin PEPE gets listed on Coinbase.

Shiba Inu and Elliott Wave

Shiba Inu appears to be following a classic Elliott Wave pattern, suggesting a structured plan for its future movements. According to the theory, SHIB is currently in the second wave of a correction after an initial rally, with the potential for significant growth in the third wave. It is crucial for SHIB to maintain support at $0.000020 to strengthen the path towards resistance levels between $0.000035 and $0.000040. The future trajectory of SHIB, however, depends on factors like investor sentiment and trading volume.

Controversial XRP Price Outlook

Popular crypto trader DonAlt shared his perspective on XRP after it experienced a 14% rise this week and a 47% increase over the past week. The trader noted that XRP and other established cryptocurrencies might struggle to capture investor interest. Nonetheless, DonAlt remains hopeful about a potential price spike for XRP, although he doubts the asset's ability to attract new retail investors.

PEPE Listing on Coinbase

Yesterday, the meme coin PEPE was listed on Coinbase, one of the leading cryptocurrency exchanges in the U.S. This announcement was followed by its listing on the Robinhood platform, highlighting competitive dynamics in digital asset listings. Subsequently, PEPE's price surged by 47.8% within an hour, reaching over $0.000019, and its market capitalization exceeded $8 billion. At the time of writing, PEPE is trading at $0.00002182, up by 14.23% over the past 24 hours.

These developments highlight the dynamic and unpredictable nature of the cryptocurrency market, influencing investor behavior and strategy. From Shiba Inu's Elliott Wave formation to PEPE's listing — each event shapes the perception of various assets.

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