SafeMoon, Ripple and Ethereum – European Wrap 2 November

SafeMoon price has seen tremendous run-up over the past two weeks as dog-theme coins continue to rally. SafeMoon price, albeit not a memecoin, has shown strength after months of a downtrend and hints at continuing this ascent.

XRP price has been consolidating below a crucial trend line for nearly two months. However, a breakout seems to be around the corner as Ripple gets squeezed between vital support levels and resistance barriers.

 

XRP/USDT 12-hour chart

Ethereum supply has turned deflationary, with burned ETH tokens exceeding the issuance. Analysts expect negative issuance and exploding on-chain activity to trigger the “Ethereum Triple Halving.”