One of the top news stories in the crypto industry is the recent statement made by Samson Mow, the CEO at Jan3. Mow, who is known for his bold “$1 million per Bitcoin” prediction, shared his thoughts on when Bitcoin might hit the coveted $100,000 price level. According to Mow, Bitcoin first needs to surpass its previous all-time high before a recursive demand shock can propel it to $100,000. This prediction comes after Bitcoin reached a value of over $73,000 in March and is currently trading at $71,363.
In another significant development, Ripple, a fintech giant, has announced a partnership with Clear Junction, a U.K.-based payment company. 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, the managing director at Ripple, highlighted the compatibility between the two companies, stating that Clear Junction is a perfect fit for supporting all of Ripple’s existing use cases. This partnership marks the beginning of a promising relationship between the two entities.
Shibarium, Shiba Inu’s layer-2 solution, experienced a remarkable surge in new accounts overnight, as reported by Shibariumscan. The number of new accounts on the network skyrocketed from 30 on June 3 to 1,031 on June 4, marking a staggering 3,436% growth in just 24 hours. This surge in new accounts comes at a time when there were concerns about declining activity and attention towards Shibarium. However, the negative narrative quickly shifted with this sudden increase in user adoption. Additionally, the transaction volume on the Shibarium network also saw a significant rise, increasing from 4,751 to 8,527, indicating an 80% growth in transaction activity within the same period.
The cryptocurrency industry continues to be filled with exciting developments and news stories that shape the market and influence investor sentiments. From bold price predictions to strategic partnerships and unexpected surges in activity, the crypto space remains dynamic and unpredictable. Stay tuned for more updates on the evolving landscape of digital assets and blockchain technology.