U.Today – Top Three News Stories

Bitcoin (BTC) to Hit $40,600 in Historic Price Crash

A critical Bitcoin warning was issued by on-chain analyst Ali Martinez. In a post on September 4, Martinez shared a two-month chart indicating that the TD Sequential indicator shows a sell signal, anticipating a correction. If Bitcoin loses the crucial $51,000 support level, it could plunge to a low of $40,600. As of now, Bitcoin is trading at $54,630, down 3.54% in the past 24 hours according to CoinMarketCap.

XRP Might Start Forming “Death Cross” Signal

XRP is on the verge of forming a death cross, a bearish signal signifying that the 50-day moving average is crossing below the 200-day moving average. This usually indicates a significant trend reversal, which could lead to increased selling pressure. Currently, XRP is trading at about $0.52 and struggles to maintain this level. Without gaining bullish momentum, it may drop to $0.50 or lower. Given market conditions and regulatory concerns, traders are cautious, which may result in more sell-offs.

Shiba Inu (SHIB) Introduces New Portal to Empower Developers

Lucie, Shiba Inu marketing lead and community member, recently shared an article about the ShibDev Portal, described as the key enabling tool for developers building on Shibarium. The portal provides various developer tools to facilitate the creation of decentralized applications (dApps). Key features include a centralized dashboard, API key management, node access, on-chain data access, and a test token faucet. It caters to both experienced and beginner developers, offering detailed documentation to guide them. The ShibDev Portal supports diverse applications in DeFi, NFTs, gaming, social networks, DAOs, and identity verification.

This article was originally published on U.Today