Bitcoin has the potential to see a positive September this year, according to experts at Spot On Chain. One of the reasons for this optimistic outlook is a historical trend where nearly 43% of negative Augusts have been followed by positive Septembers. Additionally, major players such as the German government, Mt. Gox, and Genesis Trading have been reducing their sales of Bitcoin. Long-term holders have also been increasing their supply, showing confidence in the cryptocurrency. Furthermore, the possibility of a new wave of investment into Bitcoin ETFs could provide a boost to the market. Lastly, various factors such as potential rate cuts by the Fed, FTX paying back $16 billion in cash, and growing political support for favorable cryptocurrency regulations in the U.S. could stimulate BTC purchases.
On September 1, Ripple unlocked one billion XRP tokens from the rDqGA…mKxEsF address in three transactions, with an estimated value of over $560 million. This move is part of Ripple’s strategy to release a set amount of XRP tokens from escrow wallets each month to make the token supply more predictable. Despite setting a specific amount for release, the actual number of tokens entering circulation is often lower due to various reasons, including expired escrows that remain until someone cancels them. Ripple CTO David Schwartz explained that many escrows are split into multiple smaller ones for administrative convenience.
The Shiba Inu project is expanding its reach to iOS users by enhancing user experience and engagement. Users can now download the game Agent Shiboshi from the App Store, allowing them to immerse themselves in exciting gameplay. Previously available only to Android users, the game has received positive reviews and enthusiasm, prompting the project to make it accessible to iPhone users as well. In Agent Shiboshi, players take on the role of a hero fighting evil Shadowcats, testing their aiming and shooting skills. The game is compatible with devices running iOS 13.0 or later, including iPhones, iPads, and iPod touch.
The cryptocurrency market is showing promising signs with Bitcoin potentially heading towards a positive September, Ripple unlocking one billion XRP tokens, and the Shiba Inu project expanding to iOS users. These developments reflect the ongoing growth and evolution of the digital asset space, providing opportunities for investors and users to engage with innovative projects and technologies.