Dogelon Mars (ELON) has experienced a significant rally, gaining over 85% as it continues its upward trend, with a weekly increase of more than 18%.
Meme coin Dogelon Mars (ELON) has enjoyed a remarkable rally, surging by over 85% and notching a weekly gain of more than 18%. This impressive ascent has caught the attention of whale investors, who have reportedly offloaded 128 billion coins to capitalise on the surge.
Meanwhile, XRP has encountered resistance in its upward momentum, slipping by 3% in early trading on Friday. This setback comes despite recent positive developments, such as an executive order from US President Donald Trump aimed at establishing a Presidential Working Group on digital assets.
On the other hand, Coinbase CEO Brian Armstrong has touted Bitcoin as a superior form of money compared to gold. He highlighted Bitcoin’s scarcity, portability, and divisibility, suggesting that its current market cap of around $2 trillion could outpace gold’s $18 trillion within the next five to ten years. Armstrong has encouraged governments to consider allocating a portion of their gold reserves to Bitcoin, maintaining that it offers a more modern and resilient asset for strategic reserves.
As XRP navigates key liquidity zones, traders are advised to remain adaptable and cognisant of the inherent risks, given the unpredictable nature of the market. While certain scenarios may appear likely, the cryptocurrency landscape tends to surprise even experienced investors.
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