Cryptocurrency Update: Peter Brandt Showcases Bitcoin Price Chart with Rare Predictions; Shiba Inu Token Hits a New High; Elon Musk's Post Prompts Controversy Among XRP and Shiba Inu Communities as Reported by U.Today
In the ever-evolving world of cryptocurrencies, two significant events have caught the attention of digital asset enthusiasts this week. The Shiba Inu (SHIB) meme coin has broken a new record, soaring to a two-month high, while Elon Musk, the owner of the X social media platform (formerly Twitter), has sparked conversations with a post about an early version of video and audio calling on X.
At the time of writing, SHIB is trading at $0.00000781, up 1.61% over the past 24 hours. This positive price action has led to an increase in Shiba Inu's profitability, according to data from IntoTheBlock. The total addresses for Shiba Inu have also reached a new high, with their number now standing at 3.63 million.
Peter Brandt, a legendary trader and chartist, has shared a Bitcoin (BTC) price chart on the X platform. Known for his technical analysis and significant predictions about Bitcoin, Brandt's chart is trusted due to its exceptional accuracy, although the accuracy of his Bitcoin price predictions using the Renko chart specifically was not addressed in the latest post.
One of the Renko chart's last signals suggested a buying opportunity at $22,000, and Bitcoin is currently trading at around $34,000. While this discrepancy may raise questions about the predictive power of the Renko chart, it's important to note that general technical analysis methods like Brandt's are often subject to the inherent volatility and unpredictability of cryptocurrency markets.
Meanwhile, Elon Musk's post has attracted attention from many X users, including members of the XRP and SHIB communities. In response to Musk's post, an official member of the Shiba Inu team, Lucie, posted a GIF of a SHIB dog using a banana as a telephone. This playful interaction was in reference to Musk's post about the early version of video and audio calling on X.
In a separate conversation, @XRPcryptowolf, a major XRP-themed account, asked Musk when X will start accepting XRP payments. As these events unfold, the cryptocurrency landscape continues to be a dynamic and engaging space, with influential figures like Musk and experts like Brandt shaping the narrative.
- In the crypto news, the Shiba Inu (SHIB) token, trading at $0.00000781, has hit a two-month high, with an increase in profitability and a new high in total addresses, according to IntoTheBlock data.
- Peter Brandt, a renowned trader and chartist, has shared a Bitcoin (BTC) price chart on the X platform, which, while accurate in general, did not address the predictive power of the Renko chart specifically.
- Elon Musk's post about an early version of video and audio calling on the X platform has sparked conversations, with the Shiba Inu team member Lucie responding with a SHIB dog GIF, referencing Musk's post.
- The dynamic cryptocurrency landscape continues to be shaped by influential figures like Musk and experts like Brandt, as seen in the recent events involving SHIB, BTC, XRP, and X.
