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Crypto News Digest by U.Today

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Crypto News Digest by U.Today

Source: news.google.com

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Valeria Blokhina

Let’s see what crypto news this past weekend has brought us with U.Today’s news roundup!

U.Today brings you the top four stories from the past weekend.

Binance CEO Trolls Jim Cramer as Bitcoin (BTC) Hits $21,500

It seems that a failed crypto prediction by Jim Cramer, host of CNBC’s Mad Money show, has not gone unnoticed by the crypto community. Namely, Binance CEO Changpeng Zhao he himself has taken to Twitter to comment on its accuracy. In the aforementioned prediction of January 9, Cramer urged his followers take the opportunity to get out of crypto as it “cannot be trusted”. However, since then, the largest cryptocurrency on the market, Bitcoin, has managed to rise from $16,000 to $20,000 in less than a week, as the Binance boss pointed out. CZ also asked Cramer to keep spreading FUD on cryptocurrency to keep the market rising.

The Most Surprising XRP Price Prediction Shared By Uphold’s Head of Research

Dr. Martin Hiesboeck, Uphold’s director of research, recently shared a conversation with ChatGPT, a chatbot launched by OpenAI. In this conversation, ChatGPT was asked to make a guess about when the XRP token will land on the moon. After some prodding, the chatbot named the moon date for XRP as March 23, 2023. It also wrote that it will get the biggest bag before the moon and then sail into the sunset. The final words of ChatGPT’s startling prediction were “XRP to $589,000, Up yours XRPP,” reportedly referring to the satirical Twitter account known as “XRP the Standard Productions.”

Bill Gates pours cold water on Web3 and crypto

co-founder of microsoft Bill Gates has taken to Reddit to launch its 11th Q&A on the platform. During the session, Gates was asked by Reddit user DWright_5 if there is any “giant technological change like the internet” happening right now, to which the billionaire replied that, in his opinion, artificial intelligence (AI) is “the larger”. At the same time, Gates noted that he doesn’t think Web3 is great and the metaverse is “revolutionary,” which dampens the hopes of those who expect these technologies to become the next big thing.

This is what drove the massive 50% increase in Solana Hours (SOL)

Last weekend was quite lucky for Solarium as its native currency, SOL, saw a massive 50% increase in a few hours. According to analysis firm Santiment, the reason behind such staggering growth could be “short squeeze,” a rapid increase in the price of an asset mainly due to excessive short-selling. The other factors that could cause the SOL price to rise could be the recent success of the Solana-based meme token BONK and significant activity on the Solana blockchain. According to Citi Research, several of Solana’s key metrics, including active addresses and daily NFT volume, have rebounded to levels seen before the FTX crash.

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