New Bitcoin and Ethereum ATH, XRP Nears $2 and Dogecoin Up 80%
It’s D-Day for the Coinbase IPO and it looks like everyone has already bought in. Perhaps overly optimistic, but if this is what will happen whenever a major crypto company does an IPO as from now then we’re all for it.
Bitcoin slammed right through $63k, XRP has gone parabolic since a week, rising from $1 to almost $2 in a matter of days. And lastly Dogecoin has smilingly grown to a fabulous 13 cents.
What is happening? Is this the top or just the beginning? Let’s check.
183,000 Dogecoin Tweets
Trending in the US this morning European time of course is the fact that some 183,000 tweets have been sent out about everyone’s favorite memecoin.
The joke currency Dogecoin has by now grown some 80% overnight and smiles back at everyone from a position of 11 cents. Just last year it was less than a tenth of that. It is too soon to tell whether this is actually sustainable, but loyal readers of CryptoTips know that I will gladly touch upon this subject again.
Bitcoin and Ether New ATH
Both Bitcoin and Ether are gleaming from a new all time high today, just in time to see crypto exchange Coinbase go public. Beware that the latter could come with a nasty surprise as we’ve warned a few days before that by now the market may have already priced this in.
Scott Melker discussed the technical analysis in a short video yesterday and advised his followers to wait for a short drop before picking them both up again.
Scott has rarely been wrong this year and tends to play it safe, therefore all his videos are a must watch in 2021.
In its ongoing court battle with the SEC, Ripple Labs has seen a judge grant it discovery of their documents and a similar request from the SEC to look into the financial statement of Ripple executives was denied.
The XRP army fans are back in droves and the coin is nearing $2 again. At the beginning of the year, XRP touched 20 cents. Everyone who bought the dip at that moment (as we reported on 12 January 2021, internet savant Kim Dotcom did just that) has made a fabulous return.
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