Crypto News Digest by U.Today

Crypto News Digest by U.Today

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Valeria Blokhina

Take a closer look at the world of crypto with U.Today’s daily news digest!

U.Today presents the top four news stories over the past day.

Mysterious Shiba post from lead SHIB dev puzzles community

Mysterious Shiba Inu-related tweets from both the community and the project’s team continue popping up here and there. This time, it was SHIB lead dev Shytoshi Kusama to puzzle meme coin supporters: yesterday he shared a cryptic “WOOF” with his followers. Even though Kusama did not reveal the true message behind this tweet was, it seems that his intention was to encourage the SHIB community at the time of a major price rollback. The post quickly gained traction, getting more than 4,000 likes and 800 comments. Some followers used the post as an opportunity to share SHIB memes, while others used it as a chance to ask if the tweet was somehow hinting at Shibarium getting released soon.

XRP prepares for major price action, here’s what to expect

Over the last two weeks, XRP demonstrated an impressive recovery after the FTX collapse, which undeservedly was left unnoticed by many. In the meantime, the token’s price has managed to not only grow by 7.5% but also to get out of the $0.38 zone. Holding the price at this level would open the path to $0.46-$0.5 per XRP, which means a 20% upside and a return to pre-FTX crash levels. Another positive sign worth noting is that the XRP price recovery has been more than a third of that decline, or 48%. While assessing the token’s price movement, one should not forget the fundamental triggers that affected it, such as recent developments in the Ripple-SEC case, which helped XRP spike 10% last Tuesday.

Shiba Inu announces “exclusive” deal with Travala

According to a recent announcement by the Shiba Inu team, the holders of this meme token can benefit from the project’s “exclusive special” from blockchain-based booking platform Travala. The service offers a free $25 travel credit to use on booking hotels, flights and activities on condition that it will be paid with SHIB. Back in December 2021, U.Today reported that Travala added support for the popular meme coin after its community managed to win its “battle” against rival canine coin Floki Inu. However, last May, the platform added support for another Shiba Inu rival, Dogecoin. Despite seeing more adoption, SHIB is down 89.48% from its record peak that was achieved last October. It is currently trading at $0.000009141.

Millions of SHIB to be gifted during listing on major Japanese crypto exchange

As stated on the website of Japan’s major crypto exchange, BITPointit will soon add support for the Shiba Inu tokenwith trading starting on Nov. 30. This is not the only good news, as BITPoint will launch a themed gift campaign: millions of SHIBs will be given away to both old and new customers. Thus, 1 million SHIB will be given out to every new customer registered between now and the end of December, and 100 million SHIB will be given out for purchases over 10,000 yen during the same period. In addition to this, an extra 230 million SHIB will be distributed via Twitter and a BITPoint quiz; further information can be found in the exchange’s press release.

Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.

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