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Valeria Blokhina

Let’s see what last weekend’s crypto news brought us with U.Today’s news roundup!

U.Today brings you the top four news from the past weekend.

Binance CEO trolls Jim Cramer as Bitcoin (BTC) hits $21,500

It seems that a failed crypto prediction by Jim Cramer, host of CNBC’s Mad Money show, hasn’t gone unnoticed by the crypto community. To know, Changpeng Zhao, CEO of Binance himself took to Twitter to comment on its accuracy. In the mentioned prediction of January 9, Cramer urged his supporters take the opportunity to get out of crypto because it “is not trustworthy”. However, since then, the biggest crypto in the market, Bitcoin, managed to jump from $16,000 to $20,000 in less than a week, which was noted by the head of Binance. CZ also asked Cramer to continue spreading FUD on crypto so the market continues to rise.

The Most Surprising XRP Price Prediction Shared by Uphold’s Head of Research

Dr. Martin Hiesboeck, Head of Research at Uphold, recently shared a conversation with ChatGPT, a chatbot launched by OpenAI. In this conversation, ChatGPT was asked to guess when the XRP token will be minted. After some prompting, the chatbot named the moon date for XRP as March 23, 2023. It also wrote that it was going to get the biggest bag before it moons and then fly off into the sunset. The last words of ChatGPT’s startling prediction were “XRP at $589,000, Up yours XRPP”, allegedly referring to the satirical Twitter account known as “XRP the Standard Productions”.

Bill Gates pours cold water on Web3 and crypto

Microsoft co-founder Bill Gates took to Reddit to roll out its 11th Q&A session on the platform. During the session, Reddit user DWright_5 asked Gates if there was a “gigantic technological change like the internet” right now, to which the billionaire replied that in his opinion artificial intelligence (AI ) is “the most important”. At the same time, Gates noted that he doesn’t consider Web3 to be great and the Metaverse to be “revolutionary,” dampening the hopes of those who expect these technologies to become the next fad.

Here’s what fueled the massive 50% increase in Solana (SOL) hours

Last weekend was lucky enough to Solana like its native currency, SOL, saw a massive 50% spike in a matter of hours. According to analyst firm Santiment, the reason for such astonishing growth could be “short pressure”, a rapid rise in the price of an asset mainly due to excessive short selling. Other factors that could cause the price of SOL to surge could be the recent success of the Solana-based meme token BONK and the heavy activity on the Solana blockchain. According to Citi Research, several of Solana’s key metrics, including active addresses and daily NFT volume, had recovered to levels seen before the FTX crash.

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