U.Today rounded up the top three news stories from last weekend, take a look!

XRP price hits $2 in epic bullish move

Last Sunday, December 1st, marked a notable milestone for XRP as the price of the Ripple-linked token rose on that day Reached $2 For the first time in six years. According to CoinMarketCap data, XRP’s market cap stands at $138.8 billion at the time of writing, with trading volume reaching $37 billion in the last 24 hours. The XRP ecosystem has a fully diluted valuation (FDV) of $243.29 billion, highlighting its long-term potential. In addition, speculation about the possible approval of a new stablecoin, RLUSD, by the New York Department of Treasury has contributed to increased market activity as Ripple prepares for a possible launch on December 4th. The case is currently in appeal against the SEC; There is hope for a solution by 2025, which could further strengthen XRP’s positioning in the crypto market.

Related

1,003,000,000 SHIB in one hour – What happens?

Data provided by Shibburn demonstrated that in just one day, November 29th, the SHIB community managed to increase the meme coin’s burn rate by 2,050%, transferring a total of 1,282,587,181 tokens to a non-issuable wallet. This significant consumption was largely attributed to a single transaction from an anonymous wallet that disposed of 1,003,266,585 SHIB in just one hour. In terms of transaction size, the other impressive transfers totaled 209,312,491; 33,737,678 and 29,282,316 SHIB. In total, there were 14 transactions to dead-end wallets, including several large transfers of additional SHIB tokens. At the time of writing, SHIB is changing hands at $0.00002926, down 8.85% in the last 24 hours, according to CoinMarketCap.

Related

“Fasten your seatbelts”: Raoul Pal makes a mega-optimistic Bitcoin statement

In a current one X contributionthe renowned investor Raoul Pal did an extremely bullish statement When it comes to Bitcoin, the flagship cryptocurrency is slowly but surely making its way towards the $100,000 mark. Pal revised his concept of the “banana zone,” which he defines as a period during which the price of Bitcoin is likely to see a massive increase in the long term. He believes that the market is currently moving in this direction, indicating a possible parabolic rise in Bitcoin’s value. While expressing confidence in Bitcoin’s continued growth, Pal also warns investors about the possibility of “sharp corrections,” noting the typical volatility associated with the crypto market. Still, he encourages his followers to “buckle up” and emphasizes that there will be “a lot more to come” for Bitcoin as time goes on.