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Here's When Bitcoin Will Hit $100,000, Per Samson Mow, Ripple Scores New Partnership in Europe, Shibarium Surges 3,436% in New Accounts in 24 Hours: Crypto News Digest by U.Today

Published 06/06/2024, 12:19 PM
Updated 06/06/2024, 04:30 PM
© Ink Drop Here\'s When Bitcoin Will Hit $100,000, Per Samson Mow, Ripple Scores New Partnership in Europe, Shibarium Surges 3,436% in New Accounts in 24 Hours: Crypto News Digest by U.Today

U.Today - U.Today has prepared summaries of the top three news stories over the past day. Stay tuned for current crypto industry events!

Here's when Bitcoin will hit $100,000, according to Samson Mow

In a recent X post, Samson Mow, CEO at Jan3 known for his "$1 million per Bitcoin" prediction, opined on when the crypto community might expect the flagship asset to hit the $100,000 price level. According to Mow, for BTC to hit the long-awaited "$0.1 million," it first of all needs to surpass its previous all-time high. Then, the CEO proceeds, a recursive Bitcoin demand shock will kick in, which will push the king crypto to $100,000. As a reminder, Bitcoin managed to reach the value of over $73,000 in March this year; at the moment of writing, BTC is changing hands at $71,363, up 0.67% over the past 24 hours, per CoinMarketCap data.

Ripple scores major partnership in Europe

In a significant development, Ripple fintech giant has inked a partnership with Clear Junction, a U.K.-based payment company. Aсcording to the announcement, as part of the partnership, Clear Junction will enable instant and secure GBP and EUR-denominated payout coverage for Ripple’s payment customers. Cassie Craddock, managing director at Ripple, stated that Clear Junction is "a great fit" for the company, since it was able to support all of its existing use cases. "We are excited to bring Clear Junction into our network, and we see this as merely the start of our relationship,” she concluded.

Shiba Inu's Shibarium skyrockets 3,436% in new accounts in 24 hours

According to the latest data from Shibariumscan, Shibarium, Shiba Inu's layer-2 solution, saw an incredible surge in new accounts overnight; as can be seen on the chart, the number of new accounts surged from 30 on June 3 to 1,031 on June 4. This represents 3,436% growth in just 24 hours. The achievement occurs amid concerns about Shibarium's declining activity and attention; however, the negative narrative has quickly shifted after a rapid change within a single day. Along with an increase in new accounts, the Shibarium network saw a rise in transaction volume as well, which went from 4,751 to 8,527. This indicates 80% growth in transaction activity over the same period.

This article was originally published on U.Today

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