Samson Mow, CEO at Jan3, known for his optimistic predictions, recently shared his thoughts on when the crypto community can expect Bitcoin to reach the $100,000 price level. According to Mow, Bitcoin first needs to surpass its previous all-time high before a recursive demand shock kicks in, propelling it to $100,000. Even though Bitcoin reached over $73,000 in March, it is currently trading at $71,363, showing a 0.67% increase in the past 24 hours.
In a significant development, Ripple, a major player in the fintech industry, has announced a partnership with Clear Junction, a payment company based in the U.K. As part of this partnership, Clear Junction will provide instant and secure GBP and EUR-denominated payout coverage for Ripple’s payment customers. Cassie Craddock, managing director at Ripple, emphasized that Clear Junction aligns with the company’s needs, supporting all existing use cases. This partnership is seen as just the beginning of a fruitful relationship between the two entities.
Shibarium, Shiba Inu’s layer-2 solution, recently experienced a remarkable surge in new accounts within a 24-hour period. The number of new accounts skyrocketed from 30 to 1,031, marking a staggering 3,436% growth. This surge comes at a time when concerns were raised about declining activity and attention towards Shibarium. However, the narrative quickly shifted with the sudden influx of new accounts. Alongside the increase in accounts, the Shibarium network also witnessed a significant rise in transaction volume, jumping from 4,751 to 8,527, indicating an 80% growth in transaction activity over the same period.
The latest developments in the crypto industry highlight the volatility and rapid changes that characterize this space. From optimistic predictions for Bitcoin’s price to strategic partnerships and unexpected surges in new accounts for projects like Shibarium, the crypto market continues to be dynamic and full of surprises. Investors and enthusiasts are advised to stay informed and vigilant to navigate this ever-evolving landscape effectively.