XRP Draws $1.2 Million Inflow, 40 Trillion SHIB in Spotlight as Bulls and Bears Clash, Cardano Dominates Social Media Discussions: U.Today’s Crypto News Digest

XRP Draws $1.2 Million Inflow, 40 Trillion SHIB in Spotlight as Bulls and Bears Clash, Cardano Dominates Social Media Discussions: U.Today's Crypto News Digest

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

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

XRP Attracts $1.2 Million Inflow Amid Altcoin Market Crisis

As CoinShares recently reported last week, XRP attracted inflows of 1.2 million dollars. This rise is in stark contrast to the moderate activity seen in the broader altcoin market. Compared to XRP, other altcoins cannot boast such significant inputs; Solana, Litecoin, and Chainlink all experienced inflows of $0.7 million, while Binance received just $0.2 million. In particular, XRP shows a weekly trend of increasing inflows; The week before last, XRP received $0.8 million, up from $0.4 million the week before. There could be several reasons behind the influx of XRP, including a change in investor interest, but the exact cause of this is unknown. At the time of writing, XRP is trading at $0.4819, down 4.17% in the last 24 hours, according to data from CoinMarketCap.

40 Billion Shiba Inu (SHIB) in the Spotlight as Bulls and Bears Clash

Based on current Shiba Inu price action, dog-themed meme coin could be coming a crucial level of support of 40 billion SHIB tokens. According to IntoTheBlock data, 51,350 addresses hold 40.08 trillion SHIB in the range between $0.000019 and $0.000023, which is very close to the current market price of $0.0000232. The 40 billion token range has become critical support for Shiba Inu; If this support holds, it could serve as the basis for a possible price rally. On the other hand, if support fails, SHIB could face further downward pressure, potentially to $0.000014. A high-stakes battle between bulls and bears has put SHIB’s 40 trillion support level at the forefront at the moment, as each is trying to push the price in their favor. The outcome of this battle may determine the short-term price trajectory of SHIB. However, it remains to be seen who will be the winner.

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Cardano (ADA) dominates social media discussions

The data provided by Santiment shows that Cardano is leading the race in terms of social media engagement. This increase in activity among social media users is due to the recent announcement by Cardano founder Charles Hoskinson; as previously reported per Guru-InvestingHoskinson shared in his x publication on June 9 that the network was on the verge of the Chang hard fork. According to the founder, the hard fork is expected to be the most important development for Cardano and for the industry as a whole. Hoskinson’s optimism sparked intense debates on social media, with many users supporting his bullish view. However, these rumors have not resulted in any significant advances in the price of ADA. At the time of writing, ADA is changing hands at $0.419, down 6.42% in the last 24 hours, according to CoinMarketCap.

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