Cryptocurrencies Price Prediction: Ripple, Abracadabra & Dogecoin – American Wrap 30 January


Ripple price subdued despite XRP validators commitment to adopt Rippled version 2.0.1 of XRPLedger update

Ripple (XRP) price continues to harm investors as overhead pressure continues to accumulate. It comes despite recent developments in the ecosystem, where XRP validators have shown commitment to adopt Rippled version 2.0.1 of the XRPLedger update. 

Abracadabra Finance, a DeFi lending and borrowing protocol, acknowledged in a recent tweet that its Ethereum cauldrons have been hit by an exploit. Blockchain security firm PeckShield estimates that the exploit resulted in a loss of $6.49 million. 

PeckShield’s experts identified details pertaining to the exploit; the attacker funded it with 1 Ether from Tornado Cash and resulted in the biggest depeg in MIM stablecoin since the USD-pegged asset’s inception. 

Abracadabra

Dogecoin Active Addresses surge nearly 12% overnight, to DOGE all-time high

Dogecoin network has observed a surge in Daily Active Addresses and New Addresses. On January 29, new DOGE addresses hit an all-time high of 247,240, according to data from IntoTheBlock. 

DOGE price climbed to $0.8215 on Tuesday. 

DOGE

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

XRP corrects as traders weigh possibility of SEC appealing Ripple ruling

XRP corrects as traders weigh possibility of SEC appealing Ripple ruling

Ripple (XRP) trades with minor losses on Friday as holders weigh the impact of a likely appeal by the US Securities & Exchange Commission (SEC) in the Ripple lawsuit. 

More Ripple News
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong

Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong

Bitcoin has risen around 3% so far this week, breaking above its range upper limit of $64,700. This gain was supported by increased institutional demand for ETFs, which recorded inflows of more than $612 million this week.

More Bitcoin News
Crypto Today: Bitcoin, Ethereum and XRP steady above major support levels, Worldcoin leads AI token gains

Crypto Today: Bitcoin, Ethereum and XRP steady above major support levels, Worldcoin leads AI token gains

Bitcoin, Ethereum trade above key supports at $65,000 and $2,600, as of Friday. XRP corrects slightly, holding steady above $0.5892. Worldcoin climbs 3% as Polymarket bet shows a 66% chance of OpenAI becoming a “for profit” entity before April. 

More Cryptocurrencies News
Top 3 meme coins Dogecoin, Shiba Inu and Pepe: Rally continues

Top 3 meme coins Dogecoin, Shiba Inu and Pepe: Rally continues

The prices of the top 3 meme coins by market capitalization, Dogecoin, Shiba Inu and Pepe, extend their gains on Friday after a rally on Thursday. The technical outlook for the three coins hints at further gains ahead as they all broke above bullish technical patterns.

More Meme coins News
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong

Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong

Bitcoin (BTC) has risen around 3% so far this week, breaking above its range upper limit of $64,700.

Read full analysis
Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

Read More

BTC

ETH

XRP