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Bull Market: SHIB Advances 8%, XRP Shows Weekly Inflow Movement, NIGHT in Surge
The week ended with positive signs for several tokens, reflecting significant capital movement in the cryptocurrency market. The data indicate interesting flows across different projects, revealing where investors are allocating their resources.
SHIB Registers Growth in Open Interest
Shiba Inu (SHIB) showed an expansion of approximately 8% in the last 24 hours, with its open interest reaching $75.76 million, equivalent to 10,346,899,754,165 tokens in circulation. This movement suggests increased trading activity and greater interest from speculators in the asset’s positions.
XRP Receives Significant Weekly Inflows
XRP experienced a remarkable weekly inflow, maintaining a strong presence in the market. Recent data on the cryptocurrency show significant movement in the last 24 hours, with trading volume reaching $82.33 million. This capital influx reflects renewed interest in Ripple’s cryptocurrency, consolidating its performance in the markets.
NIGHT on the Cardano Network Surges with Explosive Volume
The Midnight (NIGHT) token, built on the Cardano blockchain, showed outstanding performance during the period. The asset moved a substantial volume of $9.48 million in 24 hours, demonstrating the growing engagement of the community with the project.
Market Context
The total trading volume during the weekend reflects the ongoing interest of traders in exploring opportunities across different niches of the crypto market. These capital inflows and escalations in trading volumes suggest that investors continue to monitor alternative assets beyond Bitcoin and Ethereum, seeking diversification in their portfolios.