SHIB Secures Second Place in MarketVector’s Meme Coin Index, Ripple CTO Breaks Silence on Whether It’s Satoshi: U.Today’s Crypto News Digest

SHIB Secures Second Place in MarketVector's Meme Coin Index, Ripple CTO Breaks Silence on Whether It's Satoshi: U.Today's Crypto News Digest

Guru-Investinghas prepared the three most important news of the last day.


Guru-Investinghas prepared the three most important news of the last day.

Shiba Inu Secures Elite Status in Market Rankings Among Meme Coins

New day brings new milestone for Shiba Inu, as dog-themed meme coin claims the second place in VanEck’s MarketVector Meme Coin Index, behind only Dogecoin. According to the data on the index website, the weight of SHIB is 28.28%, while that of DOGE stands at 30.69%. Other meme coins included in the index are Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI), and BONK. As reported by the Wu Blockchain X handle, the meme coin index is currently the best-performing index on MarketVector, with a staggering 137.96% return so far this year. This excellent result underlined the increase in interest and speculative investment in meme coins.

Shiba Inu’s Shibarium Soars 65% in Key Network Activity Indicator

“It’s not true, but it’s plausible”: Ripple CTO breaks silence on whether it’s Satoshi

On Wednesday, May 8, user @JeroenXRPmaxi a video from the XRP Las Vegas 2024 conference, with Ripple CTO David Schwartz. In the video, Schwartz Once again he has been asked if he is related to the creation of Bitcoin and if he is the one hiding behind the mask of Satoshi Nakamoto, anonymous creator of BTC. The CTO has steadfastly denied these assumptions, stating that although he had the skills necessary to create the flagship cryptocurrency, he did not discover Bitcoin until 2011, long after its creation. Additionally, Schwartz emphasized that he is not familiar with the Qt interface, a crucial aspect of Bitcoin’s initial code. When asked if he could still be “the protagonist” despite lacking Qt knowledge, Schwartz responded: “It’s not impossible. It’s not true, but it’s not impossible.” The video has garnered over 65,000 views so far, showing the interest in the XRP community sparked by Schwartz’s response.

SEC Target of Ripple Stablecoin Explained by Analyst

Legendary Trader Peter Brandt Gives Intriguing Clue About Ethereum (ETH) Price Action

In a recent x publicationVeteran trader Peter Brandt drew attention to the Ethereum chart, which he described as “very intriguing.” In his analysis, Brandt reviews two chart patterns to determine Ethereum’s potential trajectory. One of the patterns, in his opinion, resembled a flag, which is a continuation pattern that often appears during a brief pause in an uptrend or downtrend. However, the pattern is too long to be considered a flag, and a channel seems the most likely label. A channel is formed when price action is controlled by two parallel sloping lines and price has tested each of these lines at least twice. A flag can appear as a small channel after a pronounced trend, which develops in the opposite direction. Whether it is a flag or a channel, both have the potential for a breakout in both directions, whether up or down. “It could go either way with this graph,” Brandt explained.

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