Category: Cryptocurrency News

In a bold forecast that is stirring considerable attention within the SHIB community, a prominent official from the Shiba Inu ecosystem has projected a staggering 250% surge in the token’s value leading up to the upcoming Bitcoin halving. Lucie, the marketing lead for Shiba Inu, expressed her confidence in a significant rebound for SHIB, predicting that the meme coin could surpass its 2021 all-time high (ATH) in the weeks ahead. This optimistic outlook comes despite the token’s recent 43% decline to $0.000026 from its recent yearly high at $0.000045. Lucie shared her personal investment move on X, revealing her purchase of SHIB during the recent dip at around $0.000024, amounting to $989.08. She dubbed this strategy “Bought the DIP, my lovely SHIB,” showcasing her belief in a strong move for the meme coin. With SHIB currently trading at $0.000026, a 70% decrease from its ATH of $0.00008845, the crypto must experience a swift and significant rally of 250% to achieve its previous peak. Related Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight This ambitious target is set against the backdrop of the upcoming Bitcoin halving, expected to occur in 22 to 31 days based on various estimates. “Bought the DIP. My lovely $SHIB. If someone can pull [a] miracle recovery, it’s SHIB. I’m expecting ATH soon before or shortly after BTC halving. Nfa,” Lucie remarked. Bought the DIP 🥰😍 My lovely $SHIB If someone can pull miracle recovery it’s $SHIB I’m expecting ATH soon before or shortly after BTC halving nfa pic.twitter.com/lOXoHgHWUl — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) March 20, 2024 Shiba Inu Set To Overtake Dogecoin? Lucie’s confidence may be mirrored in another daring prediction by the Shiba Inu team on X, where they assert SHIB’s potential to eclipse Dogecoin in market capitalization through strategic moves referred to as “Secret Wags.” Reacting to CryptoCom’s classification of SHIB as the second most valuable meme-inspired project, the Shiba Inu team hinted at a future where SHIB dethrones DOGE, stating, “[Number] 2 today, but the Doge days are numbered.” The competition between SHIB and DOGE is not new; both tokens have vied for dominance in the past. DOGE currently holds the #10 spot in market cap among all cryptocurrencies, with SHIB trailing closely at #11. The market cap gap between DOGE and SHIB stands at $4.14 billion, with DOGE boasting a market cap of $19.41 billion compared to SHIB’s $15.27 billion. Related Reading: Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price? To reach a new all-time high against its competitor, DOGE, SHIB would need to rally another 50% (SHIB/DOGE), building on the 98% gain against DOGE over the last four weeks. Despite previous attempts to surpass Dogecoin, the Shiba Inu team remains undeterred, buoyed by the growing utility of the Shiba Inu ecosystem beyond its meme coin origins. The development of Shibarium, a blockchain platform offering various utilities for crypto development, and the rallying support of the #ShibaArmy, underline the team’s determination. “We’ve got the #ShibaArmy, #Shibarium, and secret wags we can’t reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB,” the team enthusiastically stated. #2 today, but the Doge days are numbered. We've got the #ShibaArmy #Shibarium and secret wags we can't reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB https://t.co/GiCJ2OKCLv — Shib (@Shibtoken) March 20, 2024 At press time, SHIB traded at $0.00002566. Featured image from Shutterstock, chart from TradingView.com

PRESS RELEASE. Solama, a new meme coin developed on the Solana network, will soon get listed on one more centralized crypto exchange: HTX (formerly known as Huobi Global). The announcement was made on March 18, 2024, on Solama’s official X (Twitter) account. Growth Has No Boundaries Solama, one of the most promising Solana-based meme coins […]

Buy signal today: https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/ " Ethereum Foundation Under Investigation by 'State Authority' " time to buy more submitted by /u/Inner-Department-217 [link] [comments]

Despite concerns about the XRP price performance in this market cycle, this crypto expert has elaborated on why he believes the crypto token will still record significant gains. He even predicts that XRP could rise to as high as $10.  Why XRP Price Could Rise To As High As $10 Nick, the founder of Web3Alert, mentioned in an X (formerly Twitter) post that his price range for XRP in this market cycle is between $5 and $10. According to him, this is possible considering that there are predictions that ETH will rise to between $7,500 and $10,000 and Bitcoin will rise to between $100,000 and $150,000.  Related Reading: Crypto Report Says ‘Alameda Gap’ Is Gone After Bitcoin Rally, What This Means Nick noted that the XRP price rising to between $5 and $10 would put its market cap at $500 billion and 1 trillion, respectively. That puts the crypto token’s market cap in a similar category to that of Bitcoin and Ethereum, which could be valued as high as $2.9 trillion and $1.2 trillion if their price predictions are fully actualized.  In other words, Nick argues that XRP hitting these prices is not farfetched since there is still much room for growth for the two largest crypto tokens by market cap, Bitcoin and Ethereum. As those two tokens continue to increase in price, he expects XRP to follow suit. Interestingly, he opined that his XRP prediction is “conservative,” suggesting XRP could go way higher.  Following Nick’s assertion, another X user remarked that comparing XRP to Bitcoin and Ethereum seemed out of place since BTC and ETH’s price prediction is just a 2x, unlike XRP, which will need to see a 10x in its price to hit those targets. Nick responded that this simply shows that XRP is undervalued and presents a great ROI opportunity in this cycle.  The Belief In XRP’s Potential Nick joins a list of crypto analysts who have expressed optimism about XRP’s potential in this market cycle despite its underperformance to start this bull run. Crypto expert Zach Rector also recently shared his belief and gave reasons why XRP is still bound to perform well in this bull market.  Related Reading: Bitcoin Halving Retrace Spooks Investors: What Is It And Why Does It Matter? Although he didn’t give any price prediction, he alluded to XRP’s fundamentals as one reason why he holds this belief. Meanwhile, technical analysts like Egrag Crypto have also made bullish price predictions for XRP heading into this market cycle. Egrag has even gone as far as suggesting that the XRP price could rise to as high as $27 at the peak of this bull run.  At the time of writing, the XRP price is trading at around $0.58, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Token price retests $0.6 | Source: XRPUSDT on Tradingview.com Featured image from Coingape, chart from Tradingview.com

Nigeria taking a leaf from the US's SEC -binance issue and now wants a piece of the cake….. Or is it for the interest of the people? submitted by /u/emyfsh201 [link] [comments]

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The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150 Billion The total value of all stablecoins now stands at […]

As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another Season for Altcoins. Altcoins Showing Massive Buying Opportunity  Bitcoin’s recent dip signaled the beginning of the decline in the cryptocurrency market, causing several altcoins to drop significantly. However, many cryptocurrency analysts believe that the drop in these altcoin prices might serve as an opportunity for future gains since the alt-season is on the horizon. Related Reading: The Tipping Point: Altcoins Bull Market Incoming, Predicts Analyst – Here’s Why Popular cryptocurrency expert and trader Michael Van De Poppe has revealed his optimism in the altcoin market, highlighting the significant opportunities of getting into these tokens before the alt-season begins. According to Michael Van De Poppe, “some altcoins have now dropped by over 40%” in comparison to their past all-time high. As a result, Poppe believes that this is the right time for investors to purchase these digital assets to position themselves for future gains. Poppe noted he normally invests in these tokens “during bull cycles when they are about 25% to 60% less expensive.” This demonstrates the crypto expert’s confidence in the assets to rally in the coming months. While pointing out the massive opportunities in the market, Poppe has underscored Arbitrum (ARB) as one of the altcoins investors should watch out for. He believes that ARB could realize substantial gains in time, as the token is down and poised for a new leg UP. Recently, there have been notable advancements in the crypto asset’s price, demonstrating momentum for an upward movement. As of the time of writing, ARB was trading at $1.70, indicating an over 10% increase in the daily timeframe. However, in the weekly and monthly timeframe, ARB is down by 22% and 15%, respectively. Meanwhile, Arbitrum’s market capitalization has increased by roughly 10% to exceed the $4.5 billion threshold. Top ALTs To Purchase After Bitcoin’s Retracement On-chain analyticS platform Santiment has also highlighted the drop in altcoins as a shot to garner profits in the upcoming months. Santiment pointed out several altcoins that offer a “possible bullish opportunity,” following Bitcoin’s crash today to a two-week low of $61,700. Related Reading: Is Altcoin Season Upon Us? Here’s What Bitcoin’s Performance Shows Some of the tokens listed by Santiment are BOUNCE, LDO, OMG, STORJ, and SNX. The MVRV Opportunity and Danger Zone Model, according to Santiment, shows that many altcoins have now declined to the point where mid-term trading returns are in an “opportunity zone.” However, when an asset’s 30-day, 90-day, and 365-day average wallet returns add up to be negative, “this zone is breached.” Even with the recent general correction, the altcoins market appears to be headed toward a favorable long-term picture. Consequently, this presents an excellent chance for investors to purchase these digital assets at a reduced cost. Featured image from Shutterstock, chart from Tradingview.com