But hold onto your towels, because this surge might be as stable as a two-headed penguin on a unicycle. The big question looming like a Vogon poet is whether HBAR can keep up this momentum, given a few pesky technical factors lurking in the cosmic shadows.
In an official notice that could double as a comedy sketch, Maxine Waters and Congressman Stephen Lynch introduced the “Anti-Crypto Corruption Week” bill, a legislative marvel aimed at uniting the Democrats to block the three crypto regulatory bills set for deliberation in Crypto Week, scheduled for the week of July 14th. It’s like trying to stop a leaky faucet with a Band-Aid, but hey, every little bit helps, right?
As per the omniscient Santiment, this bullish frolic did not occur in a void, oh no! It strutted along the path of newfound digital wallets sprouting like mushrooms after the rain, and a grand resurgence of interest from mere mortals across the vast expanse of social media.
As sharp-eyed analysts over at CryptoQuant have hollered out, the inflows of Bitcoin and its mischievous cousins, the altcoins, are as low as a snake’s belly in a wagon wheel rut. Despite all them pockets getting heavier, folks seem mighty content to just sit tight, seemingly rememberin’ the age-old saying: “A bird in the hand is worth two in the bush.”
According to the image Rizzo has graciously provided, Satoshi now finds himself nestled comfortably between the tech titan Michael Dell, with his vast fortune of $125.7 billion, and the venerable Warren Buffett, the 94-year-old sage of Omaha, whose disdain for Bitcoin is as legendary as his wealth. Buffett, who once referred to Bitcoin as “rat poison squared” in a shareholder meeting, now stands at a net worth of $143.3 billion. But, oh, how the tables turn!
The milestone, reached on July 11, comes just 374 days after the fund’s launch—making IBIT the fastest ETF in history to hit this level. That’s like sprinting to the moon and back in a pair of Crocs. 🚀👟
“Don’t be surprised if you wake up randomly this week and $XRP is $4+,” crypto analyst Edoardo Farina mused, hinting at a potential breakout that could push XRP past its 2018 all-time high of $3.84. A bold prediction, indeed, but one that’s gaining traction as the broader crypto market starts to show signs of life. 🌱🚀
In a raucous little update, Ripple vaunts the prowess of RLUSD, proclaiming its potential to resurrect cross-border payments and fan the flames of financial inclusion. As far as stablecoins go, this one appears to be strutting about like a peacock in an aviary—certainly a spectacle worth witnessing. 🦚
Now, some folks are drawing parallels with traditional finance, but let’s be real, is crypto just a tech-savvy version of TradFi, or is there something more to it? Something that might actually change the game? 🤔
“The retail activity – while they may not have been buying intensely over the last couple of months, they’ve been very active, and that should be a tailwind for both of them.”