Cryptocurrencies have been stable recently. The total cryptocurrency market value is seen to be worth 1.13 trillion dollars. Let’s take a look at the latest on the popular altcoins Ripple (XRP), Dogecoin (DOGE), Ethereum (ETH) and Shiba Inu (SHIB).
Latest on XRP and ETH
XRP, which is the 6th largest cryptocurrency with a market capitalization of $ 21.9 billion, is trading at $ 0.4214 at the time of writing. It is noteworthy that XRP has drawn a stable picture both in the last 24 hours and in the last 1 week.
According to analysts, XRP investors are currently focused on the lawsuit with the US Securities and Exchange Commission. It is thought that the long-standing litigation process is now approaching the end step by step.
In addition, it is worth noting that XRP’s price was suppressed due to the lawsuit and for this reason, it could not set a new record in the 2021 bull run.
On the other hand, Ethereum (ETH), the largest altcoin with a market capitalization of $ 218.9 billion, is trading at $ 1,818 at the time of publication. On May 6, ETH, which shot above $ 2,000, started a decline afterwards.
According to analysts, in order for ETH to start a new uptrend, upward moves in the leading cryptocurrency Bitcoin (BTC) must come first. In addition, it is stated that the main resistance level for ETH is $ 2,000n.
DOGE and SHIB Comments
Dogecoin and Shiba, the two largest meme tokens in the market, have also been stable recently, along with the overall cryptocurrency market. DOGE, with a market capitalization of $10 billion, is trading at $0.0722 at the time of writing, while Shiba, with a market capitalization of $5.1 billion, is trading at $0.0000088.
According to analysts, the hype around meme tokens has died down considerably. However, another rally in the cryptocurrency market or an important development related to meme tokens could push prices up again.
