A little earlier than usual we look at the live Bitcoin price and the prices of the top 25 crypto. We also look at how Coinmarketcap quotes 3 Fake Shiba Inu Tokens and reacts strangely to it. Finally, we look at why Dogecoin (DOGE) is bullish and Ripple (XRP) may turn bullish.
We begin as usual with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto continue to drop
At the time of writing, the live Bitcoin price is quoting EUR 37,052.88 ($42,434.96). This is 3.40% lower than yesterday and also lower than during our crypto lunch yesterday.
Also at the other prices of the top 25 crypto we see mostly red numbers today. Biggest exception is Dogecoin (DOGE), which posted a + of 12.64%, but more on that later. Biggest loser of the day is Cosmos (ATOM), which loses 7.98% in 24 hours. Of course, you can follow live crypto prices at any time and thus throughout the weekend on the Tradeincrypto.com site.
Since we explained yesterday why Bitcoin is currently negative we look at some current developments.
Coinmarketcap notes 3 fake Shiba Inu (SHIB) tokens and reacts strangely
The team behind Shiba Inu (SHIB) noticed that 3 fake contract addresses (BEP20, SOLANA and Terra) were listed on Coinmarketcap. This is impossible, as Shiba Inu (SHIB) can only be traded as an ERC-20 token. So those who use the other addresses lose their coins and fiat to scammers. The strange thing is that Coinmarketcap apparently did not want to respond to the incident report at first, so Shiba Inu decided to warn itself through a Tweet.
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Official Statement regarding the recent actions by @CoinMarketCap . pic.twitter.com/DXP2wZRhYC
– Shib (@Shibtoken) January 13, 2022
This was followed by such furious reactions from supporters, also known as the Shiba Army, that they called on the Army to remain calm.
Coinmarketcap response makes situation stranger
Meanwhile, Coinmarketcap did respond. The response can be called curious. It says that the addresses are not malicious, but that a ‘wrapped’ version of the coin will be launched that is ‘cross-chain’. The team also gets a scolding about accessibility.
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Please note that the non-ETH contract addresses on this page @shibtoken are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this assethttps://t.co/IhbNBJkwnf
– CoinMarketCap (@CoinMarketCap) January 14, 2022
So no doubt to be continued….
Dogecoin (DOGE) price rise: Elon Musk confirms…
We reported yesterday that there are indications that Dogecoin (DOGE) can be used to pay at Tesla. This morning, Elon Musk confirmed in a very brief Tweet that Tesla merchandise can indeed be settled with Dogecoin (DOGE). However, he did not mention a single word (yet) about paying off Tesla merchandise. Still, the simple message below was enough for the bull run we are now seeing.
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Tesla merch buyable with Dogecoin
– Elon Musk (@elonmusk) January 14, 2022
By the way, the question is how sustainable this price rise is. Indeed, this morning the crypto currency rose 25% in value. At the time of writing, at a current Dogecoin (DOGE) price of $0.1997, 14.60% of that remains.
How soon will Ripple (XRP) turn bullish?
For Ripple (XRP), there was good news and bad news in the case with the SEC. The good news is that the judge admitted into evidence the speech of SEC’s former director William Hinman on Ethereum (ETH). This is beneficial to Ripple (XRP), as in it Hinman addresses the status of Ethereum and the weaknesses in the SEC’s argument that Ripple would be a security.
The less good news is that the judge may be going to extend the deadline for bringing evidence to February 28. Still, analysts are positive. They are taking into account a settlement or ruling in favor of Ripple (XRP) and a bullish price breakout. Technical analyses also point to positive price movement.
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While $BTC recently swept our wick lows at 42k and ETH dumped even further below its own, $XRP has held up incredibly well through this correction and has not gotten close to its own wick lows. Path of least resistance seems to be UP. All eyes may be on $XRP soon. pic.twitter.com/VHg5Spn3t8
– Credible Crypto (@CredibleCrypto) January 14, 2022
At the moment, however, there is no reason to rejoice. The current Ripple (XRP) price is $0.773, losing 2.69% from yesterday. We will of course continue to follow the matter.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast might be a reading tip.
Note: We never give financial advice, so our contributions should not be interpreted as such. Always do your own research and decide rationally if, when, what and how much you want to invest in.