What Happened in Crypto Today: Baby Doge Coin, Pepe, and XRP News

What Happened in Crypto Today: Latest Crypto News on Baby Doge, & More

Pepe Coin News Today: Reaches $11 Billion Market Cap

Pepe, the frog-themed meme coin, has surged past $11 billion in market capitalization, briefly overtaking Uniswap's UNI token, which stands at approximately $10.6 billion. This milestone marks an 18x increase from its $591 million market cap at the start of the year. Currently trading at $0.00002492, Pepe has recorded a 0.66% drop in the last 24 hours and a 23% rise over the past week. 

Launched in 2023, Pepe has delivered gains exceeding 7,000%, becoming a favorite among meme coin traders. The coin's recent listing on Binance.US has further boosted its popularity. Analysts predict that Pepe's strong market momentum and favorable Relative Strength Index (RSI) indicate further bullish potential, with market cap predictions hinting at $15-$20 billion by the end of the current cycle. 

Ethereum Spot ETFs Attract $1.3 Billion

Ethereum-based ETFs have recorded significant inflows, with Dec. 6 marking the 10th consecutive day of positive inflows. The funds saw $83.3 million in inflows, bringing the total for the past week to $836.7 million. Ethereum's price has also surged, reaching over $4,000, the highest since March 2024. This inflow streak is the longest since the launch of Ethereum ETFs in July 2024. 

Fidelity’s Ethereum Fund (FETH) was the largest contributor, with $47.9 million in inflows. BlackRock’s iShares Ethereum Trust (ETHA) followed with $34.56 million. The surge in Ethereum price and ETF inflows reflect growing momentum in the market, contrasting with lower volumes seen earlier in the year. At the time of writing, ETH price was hovering at $3,860.68, after an intraday drop of 2.80% with $465.29B in market cap. 

XRP Price Predictions: $8.40 Target on the Horizon

Ripple’s native token, XRP, is capturing attention with a bold price prediction of $8.40, and an optimistic high of $48.12. Analysts highlight the token's potential to break past resistance levels, fueled by institutional interest and whale activity. Technical analysis suggests XRP could witness a 60% surge, reaching $4.20 in the near term if it surpasses the critical $2.65 resistance level. 

On-chain analytics from Coinglass reveal a 5.4% increase in XRP’s open interest, signaling heightened participation among traders. Currently trading at $2.39, XRP has registered a 6.32% price decline over the past day, strengthening bullish sentiment in the market. XRP price prediction remains a hot topic among investors and traders.

Why Baby Doge Coin is Going Up: Elon Musk's Influence and Strategic Moves

Baby Doge Coin has seen a remarkable price surge following Elon Musk's tweets. On December 5, Musk shared a playful tweet featuring “Dogefather” and “Dogeson,” which amplified interest in Baby Doge Coin. The token saw a 150% price surge and a 45.51% increase in open interest, reaching $5.32 million. 

Beyond Musk's influence, Baby Doge Coin is solidifying its position with initiatives like the "puppy.fun" platform, a meme token launchpad. This strategic venture enhances Baby Doge Coin's credibility and positions it as a hub for creativity and growth in the meme coin ecosystem. Why Baby Doge coin is going up can be attributed to both Musk’s tweets and the team’s strategic initiatives.

Bitcoin Surpasses $100,000: A Milestone in Crypto History

Bitcoin has crossed the $100,000 mark, signifying its evolution from a fringe project to a mainstream financial asset. This achievement highlights Bitcoin’s journey through dramatic price fluctuations and regulatory challenges. The approval of spot-based exchange-traded funds (ETFs) in major economies and the election of crypto-friendly leaders have fostered a favorable environment for Bitcoin. 

Institutional interest, including firms like MicroStrategy and large pension funds, has driven the recent rally. Analysts believe Bitcoin's rise could continue, particularly if macroeconomic conditions remain favorable. What happened to the crypto market today is marked by this historic milestone for Bitcoin, reflecting its growing acceptance and potential for further growth.