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Here’s How Much You Will Earn on Holding 100M Shiba Inu if SHIB Hits $0.0001, $0.001, $0.01, $0.1, or $1

Lele Jima
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Here’s How Much You Will Earn on Holding 100M Shiba Inu if SHIB Hits $0.0001, $0.001, $0.01, $0.1, or $1

With Shiba Inu projected to reach unprecedented levels in the future, here is how much 100 million SHIB will be worth if the token hits certain ambitious price levels. 

Shiba Inu is currently trading above the $0.00003 mark after experiencing a surge of 16% in the first week of December. Despite the latest surge, several market watchers believe the meme-based token is preparing for a major rally to unprecedented levels. 

Notably, most of these experts have set different targets for Shiba Inu, varying from modest to highly ambitious. The price targets include $0.0001, $0.001, $0.01, $0.1, and $1. 

With Shiba Inu trading at $0.00003128, several market observers believe the current price offers an opportunity for investors to acquire SHIB at a cheaper rate in anticipation of the projected targets.

Value of 100M SHIB at $0.0001  

For instance, at the current price of $0.00003128, it costs about $3,128 to purchase 100 million Shiba Inu tokens. These 100 million Shiba Inu tokens will spike tremendously in value if SHIB hits any of the aforementioned targets. 

Reaching the $0.0001 price would mark a new all-time high (ATH) for Shiba Inu. This target is 13.05% above the previous ATH of $0.00008845, set in October 2021. Also, Shiba Inu must surge by 219.69% from the current price of $0.00003128 to reach the $0.0001 target.

SHIBUSDT 2024 12 07 14 11 18
Shiba Inu 1D Chart

Analysts at Forbes speculate that Shiba Inu could clinch the $0.0001 target before the end of next year. If SHIB achieves this milestone, a portfolio containing 100 million Shiba Inu tokens will be worth $10,000, representing a return of $6,872. 

100M SHIB at $0.001 

Meanwhile, to reach the $0.001 target, Shiba Inu must surge by 3,096% from the current price. According to Changelly analysts, the $0.001 target could become a reality for Shiba Inu by 2033, with $0.0011 set as the maximum price target by then. 

If this happens, a holding of 100 million Shiba Inu tokens acquired at $3,128 today would be worth $100,000. This represents an ROI of over $96,000. 

Payout of 100M SHIB at $0.01 

The one-cent dream, or $0.01, is one of the most ambitious predictions Shiba Inu has received since its inception. To hit $0.01, a hefty rally of 31,869% from the current price is required. 

Nonetheless, prominent analysts Yazan XBT and Jason Williams still think Shiba Inu could exceed the $0.01 target this cycle or before the end of next year.  

Should Shiba Inu reach the milestone, a portfolio of 100 million tokens will be worth $1 million, representing an ROI of $996,872. 

How Much 100M SHIB Will Be Worth at $0.1 

The $0.1 price target for Shiba Inu is highly ambitious, requiring a jaw-dropping surge of 319,593% from the current price. However, there are not many predictions regarding the possible timeline for Shiba Inu to reach this target.  

Notably, popular AI chatbot ChatGPT predicts that Shiba Inu could trade at $0.1 per token by 2029. If the projection materializes, a 100 million SHIB portfolio will be valued at $10 million. This represents a return of over $9.99 million. 

100M SHIB at $1 

For Shiba Inu to reach this audacious target, it must rally by 3,196,830% from the current price of $0.00003128. Since this seems highly unlikely to happen, market observers have refrained from setting a timeline regarding when the prediction might come true. 

Nonetheless, if Shiba Inu ever clinches the $1 target, a portfolio of 100 million SHIB will be worth $100 million. 

Meanwhile, Shiba Inu’s hefty circulating supply of over 589 trillion poses a major challenge to SHIB’s potential surge to targets like $0.01, $0.1, and $1. Consequently, a huge portion of Shiba Inu’s supply must be incinerated to give Shiba Inu a chance of hitting these targets. 

WhiteBIT’s Rapid Expansion: 60 New Collateral Assets Fuel Growth, Total Reaches 80+

Albert Brown
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WhiteBIT’s Rapid Expansion: 60 New Collateral Assets Fuel Growth, Total Reaches 80+

WhiteBIT, one of Europe’s largest cryptocurrency exchanges, has significantly expanded its collateral offering, adding 60 new assets. This expansion brings WhiteBIT’s supported assets to over 80, quadrupling the number in a matter of months. 

Among the newly added coins are some of the most popular and in-demand assets: PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK—just to name a few. These assets can now be used as collateral for borrowing, margin trading, and futures trading, providing traders with more opportunities to implement advanced strategies and manage risks effectively. This strategic move positions WhiteBIT on equal footing with the market’s leading exchanges and aligns with the platform’s commitment to meeting the diverse needs of its growing 5.5 million user base, including retail and institutional traders.

Key Benefits for Traders:

  • 80+ Collateral Assets: WhiteBIT’s expanded collateral options now provides unparalleled choice and flexibility for users.
  • Wide Accessibility: All traders, regardless of experience or account size, have access to the collateral assets on WhiteBIT.
  • Ease of Use: WhiteBIT’s user-friendly interface and efficient tools make cryptocurrency trading accessible to everyone—from beginners to experienced professionals.

WhiteBIT provides a unified trading experience that centralizes spot, margin, and futures trading into one system, available by default to all users. This approach opens new opportunities for risk management and advanced trading strategies across multiple markets. WhiteBIT remains focused on growth and innovation, ensuring it remains aligned with the needs of modern traders.

About WhiteBIT

WhiteBIT is the largest European centralized crypto exchange, with over $2.3 trillion in annual trading volume. The exchange offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. WhiteBIT is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. It is a part of WhiteBIT Group serving over 30 million clients globally. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.

Best Crypto Communities of 2024

Mark Brennan
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Best Crypto Communities of 2024

Looking for the best crypto communities of 2024? These groups are not only places where you can chat with others but also give you the necessary advice on prompt and trusted signals and a platform to learn from other traders.

Why Join a Crypto Community?

Being part of the crypto community online has many benefits, including helping you find others interested in cryptocurrency like you.

Some communities include crypto pump and dump groups, where information concerning a possible market movement is shared.

Also, being informed about trends as they emerge might be helpful for the success of your trading activities.

Professional traders generally provide knowledge that helps them navigate market ups and downs and increases the effectiveness of their trading strategies.

By joining these groups, you will be able to get updated information on the current market and expert advice, which would lead to more intelligent decisions cooped in.

Participation in a cryptocurrency community broadens your knowledge, provides information about significant market developments, and assists you in acquiring the necessary trading skills.

Top 10 Crypto Communities to Join

Navigating the vast crypto world can be challenging, especially when looking for a community that matches your objectives.

To solve this problem, we have attentively chosen a list of the top 10 outstanding crypto communities in 2024.

1. Elite Crypto Signals

Elite Crypto Signals is a beacon for cryptocurrency traders, offering essential help in the volatile crypto markets.

Members reap the benefits of trading signals expertly crafted by industry veterans. These signals are reliable and prompt, allowing them to make efficient trades. The community is also committed to enhancing traders’ expertise with its instructive offerings.

It provides many educational materials designed to explain the different aspects of cryptocurrency market mechanisms, making them useful for beginners and advanced traders who want to improve their knowledge and skills in this field.

Unique to the premium members is the opportunity to be the first to review some revolutionary market analysis and the preferred dispatching of trading signals, which will provide them with an advantage and give them time to prepare for major changes in the market.

By combining these time-based alerts with all-encompassing learning resources, Elite Crypto Signals is one of the essential tools for participants in the cryptocurrency mania.

2. CoinGape Community

The CoinGape Telegram channel is a leader in the cryptocurrency community by causing incentive interactions between its members.

The channel members can get the latest news, updates on different projects, and a thorough daily market analysis that keeps them updated on the latest developments.

In the fast-paced crypto world, staying informed is the main element, and CoinGape truly stands out by providing key insights. One of the members’ advantages is being part of a community that can provide all the latest market developments and smart investment tips.

The accuracy and timeliness of the information supplied to this active community—a vital resource for traders and investors—remain the primary focus.

CoinGape’s resources guarantee your participation in the well-informed and actively thriving global crypto community.

3. Jacob’s Crypto Clan

Jacob’s Crypto Clan, comprised of 28,900 members, is renowned for its instantaneous and intuitive trading signals, which unquestionably increase the effectiveness of members’ trading activities. This lively group of traders provides timely, best, and most pertinent information, thus empowering traders to consistently stay ahead of their counterparts in the market.

This community strongly supports personal growth through sharing experiences and the development of its members.

Jacob’s Crypto Clan has built a space that offers a place for cooperative learning. It is suitable for traders at all levels, from newbies to the most experienced, to improve their skills together.

4. Wallstreetbets Crypto

Wallstreetbets Crypto is one of the fastest-growing and rapidly expanding communities in the crypto world. Thus, it draws a huge number of members—more than 480,000 users, to be exact. This community has gained recognition for its commitment to cryptocurrency trading and dependability in providing trustworthy crypto trading signals.

Community members can access financial information and updates that improve their knowledge and trading performance. Through animated exchange among the participants of this broad international network, Wallstreetbets Crypto is powered by collective intelligence-sharing initiatives.

These conversations facilitate the sharing of essential advice on trading methodologies and create a feeling of togetherness and mutual support among the traders.

A vibrant and dedicated community can significantly impact individual traders’ success rates, as demonstrated by Wallstreetbets Crypto. It is a prime example of outstanding usefulness for cryptocurrency market aficionados.

5. Cryptohub

Cryptohub is a Discord group with 44,648 members. It is designed to support beginning investors and offers many educational materials, trading strategies, and assistance resources.

The atmosphere at Cryptohub encourages new joiners to learn and develop if they want to grow in a less stressful and overwhelming way. The main advantage of Cryptohub is that it emphasizes practical trading techniques and educationally relevant information.

Cryptohub specializes in giving emerging traders the foundation to step into the world of cryptocurrency with its straightforward and practical content.

For those aspiring to delve into cryptocurrencies, Cryptohub serves as an exemplary gateway.

6. r/CryptoCurrency

The subreddit r/CryptoCurrency, which has around 6.4 million people, is one of the primary centers for cryptocurrency lovers. It is a comprehensive resource where global aficionados can explore various cryptocurrency-related topics, including trading tactics, market trends, and technological advancements.

One distinctive element of this online community, which attaches users to the platform and increases their activity, is the reward system. This system stimulates users to participate by allowing them to upgrade through different levels. Through this tactic, bright and highly informative educational interactions take place among members.

r/CryptoCurrency is a vital resource for anyone interested in staying updated on developments or interacting with other cryptocurrency enthusiasts.

It offers a perfect forum for lively debates and the sharing of knowledge about anything about cryptocurrency trading and trends.

7. Binance Killers

The Binance Killers Telegram group is a dynamic center for traders around trade signals and in-depth market investigation.

This community’s reputation is based on its ability to provide the most accurate and timely insight into the market. Moreover, experienced traders offer expert evaluations and custom-made analyses that add greater value to the whole.

Those who choose premium membership will have access to exclusive content and the priority to participate in market research studies, allowing them to avoid overlooking fundamental trading prospects.

With robust member support and essential resources included, Binance Killers is a supreme platform for those determined to remain at the top of crypto trading.

8. Cracking Crypto

Cracking crypto helps traders collect insights and use different strategies. The community is centered entirely on the overall technical and market analysis thus, members can form valid opinions and make information-based decisions.

The nuances of knowledge and the various perspectives introduced to this community greatly benefit the traders´ trading process. Cracking Crypto’s educational trading materials cover several areas, including fundamental principles and advanced strategies.

The inclusivity of this policy ensures that all traders, despite their prior experience, can learn new valuable facts and skills.

Cracking Crypto is an ideal resource for individuals aiming to expand their knowledge of crypto project markets.

9. Rocket Wallet Signals

Rocket Wallet Signals helps traders make well-informed decisions that align with the market trends using accurate and excellent market analysis.

The community provides valuable trading signals based on comprehensive research so members can be sure they have a robust foundation for trading decisions. The collective keeps members well-informed by offering in-depth briefings on upcoming market events and fresh developments in the cryptocurrency space.

Such current insights are vital for tactical trading endeavors, enabling members to maintain an edge over others.

Rocket Wallet Signals is a vital channel through which traders learn what is happening in the market and improve their trades.

10. Satoshi Club

Satoshi Club serves those who want to learn much about cryptocurrencies by combining instructional materials with income opportunities.

This community prioritizes learning and development, giving its members the tools they need to succeed in the cryptocurrency industry. Satoshi Club encourages its members to share strategies and insights by creating a cooperative learning environment that promotes group support.

Additionally, it allows members to network with professionals in the field, expanding their knowledge and network.

Satoshi Club is a great resource for individuals who want to learn more about cryptocurrency and explore ways to make money with it.

Satoshi-Era Bitcoin Holder Sentenced to Prison for $1M Crypto Tax Fraud

Abdulkarim Abdulwahab
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Satoshi-Era Bitcoin Holder Sentenced to Prison for $1M Crypto Tax Fraud

Frank Richard Ahlgren III, a Satoshi-Era Bitcoin adopter from Texas, has been sentenced to two years in prison for crypto tax fraud. 

Ahlgren was found guilty of filing false tax returns and underreporting considerable capital gains from his Bitcoin investments.

The Case Against Ahlgren

Between 2017 and 2019, Ahlgren filed federal tax returns that either misrepresented or completely omitted substantial profits from Bitcoin sales. Notably, Ahlgren began purchasing Bitcoin as early as 2011.

His most notable transaction occurred in 2017 when he sold 640 BTC tokens for $3.7 million. Using the proceeds, he purchased a house in Park City, Utah. 

However, Ahlgren misled his accountant during the preparation of his 2017 tax return. In particular, he inflated the purchase price of his Bitcoin holdings, thereby underreporting his actual capital gain from the sale.

In addition to his 2017 false reporting, Ahlgren made further efforts to conceal his Bitcoin transactions in 2018 and 2019. These efforts included transferring Bitcoin through multiple wallets, conducting in-person cash exchanges, and utilizing mixers to obfuscate the source of his transactions. 

Despite these efforts to hide his activity, the IRS Criminal Investigation team was able to track the transactions. They uncovered a total tax loss exceeding $1 million.

Acting Deputy Assistant Attorney General Stuart Goldberg emphasized that Ahlgren’s attempts to hide his gains would not go unpunished. “Ahlgren believed his crypto transactions were untraceable, but the law applies to everyone, regardless of the medium,” said Goldberg.

Sentencing and Penalties

U.S. District Court Judge Robert Pitman has sentenced Ahlgren to prison, requiring him to pay restitution of $1,095,031 and serve one year of supervised release. 

This case marks the first criminal tax evasion prosecution focused exclusively on cryptocurrency. It establishes a precedent as the IRS and Department of Justice ramp up their scrutiny of digital assets.

Notably, Ahlgren’s investment in Bitcoin dates back to 2011, the year that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, stepped away from the project, leaving behind an unsolved mystery that has intrigued the crypto world ever since. Despite this, Bitcoin has since risen to global prominence.

Similar Bitcoin Tax Evasion Case in the Works

While Ahlgren’s tax evasion case has been settled, Roger Ver, known as “Bitcoin Jesus,” is fighting a $50 million tax evasion indictment. The charges accuse him of failing to pay taxes on the 2017 sale of $240 million worth of Bitcoin. 

Similarly, the indictment claims Ver underreported his Bitcoin holdings in 2014 to avoid a higher “exit tax” when renouncing his U.S. citizenship and failed to report capital gains from his 2017 Bitcoin sale.

BitBoy Predicts Two Timelines for XRP to Hit $4.5

Abdulkarim Abdulwahab
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BitBoy Predicts Two Timelines for XRP to Hit $4.5

Widely followed media personality Ben Armstrong, known as BitBoy, has proposed two possible timelines for when he believes XRP could reach $4.50.

After XRP surpassed the $2 mark in the first week of December, it has remained stuck in a range, unable to break above that level. Just three days ago, XRP revisited its 2021 peak at $1.90 before rebounding.

Although XRP has bounced back to the $2 mark, it continues to struggle in gaining the momentum needed to push higher. At the same time, holders are growing increasingly anxious, hoping for a fresh catalyst for XRP’s price movement.

As a result, market commentators like BitBoy have offered some optimism regarding how long the wait might be. According to him, XRP looks poised for a breakout, suggesting it could rally to $4.50 by the end of this year, which is just two weeks away. 

However, if this scenario doesn’t play out, BitBoy believes the milestone could be reached by January 2025.

This bold timeline has sparked both optimism and excitement among the XRP Army. With XRP priced at $2.34, reaching $4.50 would mean an additional 92.3% upside for current holders.

Critics Disagree 

However, some have expressed skepticism regarding XRP’s short-term outlook. Critics have challenged BitBoy’s prediction, pointing out that he provided no technical data or chart analysis to back his claim.

Comment on XRP run
Comment on XRP run

One observer highlighted that XRP has formed a double top and a lower high, using this observation to argue that XRP is not poised for a breakout anytime soon.

This sentiment has gained traction, with some suggesting that now might still be an optimal time to exit the XRP market while in profit.

Other Bullish Calls for XRP Short-Term Action

Regardless of the skepticism, bullish sentiment regarding XRP’s next move continues to flood the crypto community. Multiple analysts continue to reiterate that a significant rally is reloading for XRP, just as was witnessed in November.

One analyst suggested that XRP’s next breakout could see the asset hit $5 as early as December 20. The motivation for this bold timeline is the time it took XRP to break out of the $1 range in the last week of November, rising to its seven-year high at $2.87 in the first week of December.

Meanwhile, analyst Ali Martinez has predicted that XRP could reach $4.40 next, highlighting that the asset is forming its fourth bullish pennant. The previous instances occurred in November, during which XRP climbed from $0.68 to $1.2, followed by a correction and a rise to $1.50. 

Another cooling phase eventually led XRP to surge to $2.87. Based on this pattern, Martinez expects the current period of consolidation to precede another upward move, with $4.40 being the target for XRP.

Can XLM Soar 360% to $2? Here’s Why This Analyst Thinks So

Okoya David
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Can XLM Soar 360% to $2? Here’s Why This Analyst Thinks So

Notable market watcher EGRAG predicts Stellar (XLM) could soar 360% to $2, citing a key technical pattern.

The recent bullish crypto market tide has lifted all boats, including Stellar (XLM). Over the past 30 days, the asset has staged a blistering rally that has seen it surge over 250%. Despite this run, one analyst has suggested that the asset is not done.

Stellar (XLM) To $2?

Prominent crypto analyst “EGRAG CRYPTO” has asserted that XLM is set to rally to the $2 price point. The analyst expressed this view in an X post on Friday. 

He cited a pattern that played out after XLM broke out of an exponential moving average (EMA) on the two-week candle chart in 2020. At the time, the asset rallied over 3,100% to highs around the $0.8 price point.

Per EGRAG’s chart, XLM broke above this EMA again in 2023, suggesting a potential target of around $2.27.

For context, at the time of writing, XLM is exchanging hands for about $0.437. A rally to the $2 mark will represent a nearly 360% increase.

XLM/USDT 2-week candle chart
XLM/USDT 2-week candle chart. Source: EGRAG CRYPTO

How XLM Will Hit This $2 Target

Despite EGRAG’s bullish perspective, he does not expect the price to run towards the $2 mark in a straight line. 

In a separate post on Friday, the analyst suggested that XLM will first take a stab at its all-time high around the $0.9 price point. From there, the analyst suggests the asset might retrace before launching to fresh highs around the $1.2 price point and beyond.

XLM/USDT weekly candle chart
XLM/USDT weekly candle chart. Source: EGRAG CRYPTO

The analyst based this view on XLM’s weekly candle price action. Per the chart, the asset is currently at the midpoint of an ascending channel with strong resistance above the $0.9 price point.

Market Expert Says Dogecoin Is Ready for Its Next Move to $24

Elendu Benedict
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Market Expert Says Dogecoin Is Ready for Its Next Move to $24

Seasoned market analyst Cantonese Cat has suggested that Dogecoin is ready for its next bullish outburst, speculating an ambitious surge to $24 per coin.

Despite a broader crypto market bullish momentum, Dogecoin has not yet replicated its early November success. For context, Dogecoin surged 132% in three weeks last month, hitting a three-year price high of $0.4800, spurred by a fever pitch demand.

Although the asset retested the multi-year resistance last week, it has retraced 16% from there to the current market price. However, Dogecoin bulls remain unperturbed, insisting that the meme coin will replicate Bitcoin’s bullish uptrend and see higher prices.

Dogecoin Ready for the Next Move, Analyst Insists

Pseudonymous analyst Cantonese Cat is among the market commentators speculating on higher prices for the meme coin alpha. In a Thursday tweet, he suggested that Dogecoin’s next move is imminent.

The market expert shares a Dogecoin 1W chart to back his assertions, pointing to the meme coin’s rejection of lower prices. His chart implied that the largest meme coin by market cap has held its own around the 0.786 Fibonacci extension and should move higher from the resistance region.

Dogecoin to $24

Notably, Cantonese Cat emphasized that Dogecoin saw a similar price action in 2021, where it surged from the same level. The analyst’s chart shows that the seventh-largest cryptocurrency by market cap surged from the region to above the 2.272 Fibonacci level, peaking at $0.73995 in the cycle.

As a result, he argued that Dogecoin is ready to replicate last cycle’s feat, predicting an ambitious uptrend to the same Fibonacci extension at $24. Meanwhile, a surge from the current market price to the lofty $24 price target will see Dogecoin appreciate 5,818%, with its market cap surpassing $3.5 trillion.

Whale Accumulation Reestablishes Bullish Sentiments

Interestingly, whale activities on the Dogecoin ecosystem suggest that market participants expect higher prices. Data shows a recent accumulation trend among large DOGE holders looking to leverage the dip and buy at a discount.

Market analyst Ali Martinez pointed to this accumulation trend, reestablishing positive sentiments in the Dogecoin community. The analyst shared a chart showing that whales holding between 10 million and 100 million DOGE bought 160 million of the meme coin ($64 million) in the past 24 hours.

DOGE Whales

The latest accumulation takes the holdings of whales of that caliber to 22 billion DOGE ($9 billion). Notably, an asset accumulation in this manner discloses positive market sentiments among whales and usually precedes a strong bullish outburst.

In the meantime, Dogecoin trades at $0.4038, down 3.37% in the past 24 hours.

Here is Good Sign an XRP ETF is Coming: Bitboy

Okoya David
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Here is Good Sign an XRP ETF is Coming: Bitboy

BitBoy predicts an imminent XRP ETF launch, citing the explosive performance of an XRP Trust by a billion-dollar asset manager as a positive sign.

ETFs have arguably been the biggest crypto narrative in 2024 besides memes. Fueled by the success of spot Bitcoin ETFs and their impact on the asset’s price, market speculators have set their eyes firmly on altcoins they expect to be next in line to receive the traditional investment wrapper. Among the potential contenders is XRP.

Recently, a prominent market commentator has offered speculators an additional reason to anticipate the launch of an XRP ETF.

“Good Sign XRP ETF Is Coming”

On Friday, December 13, Ben “BitBoy” Armstrong expressed confidence that an XRP ETF launch was imminent. The influencer shared this view, citing gains recorded by Grayscale’s XRP Trust, launched in September 2024.

Specifically, the trust’s share price has surged over 300% from an opening price of $10.85 to $47.48 at the time of writing. “Good sign an XRP ETF is coming,” Armstrong asserted, citing these gains.

Chart of Grayscale's XRP Trust performance since launch
Chart of Grayscale’s XRP Trust performance since launch. Source: Grayscale

Armstrong’s sentiment comes as the gains recorded by Grayscale’s product could bolster institutional investor confidence in the asset, adding to the factors driving the push for a launch of a spot XRP ETF.

Other factors include the SEC’s expected pro-crypto shift in the incoming Donald Trump Administration and Ripple’s partial win over the regulator in July 2023 in the long-standing case over XRP’s asset classification. 

For context, the Jay Clayton-led SEC in December 2020 had labeled Ripple’s XRP sales as unregistered securities offerings. This stance was maintained after Gary Gensler took over the reins at the SEC in 2021, leading to a legal battle that has spanned four years.

In July 2023, U.S. District Judge Analisa Torres ruled that XRP as an asset and its secondary sales did not represent unregistered securities, offering it some legal clarity.

So, When Could XRP ETF Launch?

Typically, the SEC has 240 days to respond to an ETF application. With the most recent XRP ETF application coming in November 2024, XRP holders could be looking at an approval timeline that extends to July 2025 in the best-case scenario.

Still, analysts like Bloomberg’s James Seyffart have noted that altcoin ETF approvals could take a bit longer than some expected. Seyffart argues that these assets may need an established Commodity Futures Trading Commission (CFTC) regulated futures market first.

At least four asset managers have applied to launch spot XRP ETFs in recent months. These asset managers include Canary Capital, 21 Shares, Bitwise, and Wisdom Tree.

Top Analyst Says Cardano $500B Market Cap with $14 Price Possible

Abdulkarim Abdulwahab
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0
Top Analyst Says Cardano $500B Market Cap with $14 Price Possible

Widely followed market commentator Dan Gambardello reveals an insanely bullish projection for Cardano (ADA) in the upcoming bull market, predicting an 11-fold price increase.

According to Gambardello, reclaiming the $3 milestone and rallying to $7 are not overly ambitious targets for ADA. Interestingly, he also noted that even a $14 price point, which would require an astonishing market cap of $500 billion, is not out of reach for Cardano.

He believes a supercycle is unfolding, making these projections realistic for the cryptocurrency.

Cardano bullish call by
Cardano bullish call by Dan Gambardello

Cardano Path to a $500B Market Cap

At present, Cardano is struggling at the $1.10 price point, having lost 7% in the past 24 hours. To reclaim its previous all-time high of $3.10, ADA would need to increase by 182%.

Recall that in November, Cardano surged by 257%, growing from $0.3214 to a two-year high of $1.1471. According to pundits, this impressive performance makes a run toward $3 much less daunting.

However, reaching $7 presents a more challenging goal, as it would require a 536% price increase from the current level. Notably, at this price, Cardano’s market cap would rise to around $245 billion. 

Likewise, the $14 price would require ADA to experience a massive 1,172% price surge from its current level.

Can ADA Soar 1,172% This Cycle?

While the necessary gain appears formidable, some Cardano proponents argue it is even conservative, considering the asset’s performance during the last bull market.

One commentator on Gambardello’s bullish post pointed out that ADA saw an extraordinary 17,364% increase from the bottom of the last cycle to its all-time high.

For context, ADA hit its cycle’s lowest point at $0.01913 in March 2020, but by September of the following year, Cardano had reached $3.161. This represented approximately a 164-fold price increase in just one cycle. 

Essentially, ADA enthusiasts believe that, based on historical performance, even the $14 price target is conservative.

Other Bullish Factors for Cardano

In addition to its historical performance, proponents express confidence in Cardano’s prospects for this cycle due to technological advancements that were not present during the last bull run when ADA experienced significant growth.

These advancements include recent collaborations with Bitcoin, Ripple, Stellar, and Dogecoin. In addition, influential figures like Ripple’s Brad Garlinghouse and Stellar’s Jed McCaleb are showing support for Cardano. 

Charles Hoskinson, Cardano’s founder, has also announced plans to form a team dedicated to making Cardano the dominant platform for Bitcoin DeFi, which could drive substantial growth. Furthermore, the network is working with universities and countries like Argentina.

Cardano supporters view these partnerships as strong, bullish indicators. Commentators like Gambardello argue that ADA has the potential to even surpass Ethereum this season. In his view, ADA’s potential is still underestimated.

Binance (BNB) Reclaims $700: Can the Recovery Push Beyond $800?

Albert Brown
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Binance (BNB) Reclaims $700: Can the Recovery Push Beyond $800?

Will the Binance (BNB) coin price surpass the $800 milestone for a new all-time high amid increasing volatility?

With a 1.24% decline over the past 24 hours, the BNB coin price maintains a market cap of $102 billion. Currently, the Binance coin price remains above the $700 level and is the 6th largest cryptocurrency in the market.

Amid Bitcoin’s price fluctuations near the $100,000 mark, the increased volatility is affecting the bullish trend of Binance Coin. Will this market volatility result in an extended correction for Binance Coin, or is a breakout rally on the horizon for a new all-time high?

Binance Coin Price Analysis

Following the recent all-time high of $794.3, the BNB coin price experienced a minor pullback, resulting in a loss of trend momentum. BNB’s price dropped from $794.3 to the recent 7-day low of $649.9.

This represents a price drop of 18.18% amid the broader market recovery. However, with lower price rejections from the $650 psychological level, BNB has reclaimed the $700 mark.

BINANCE:BNBUSD Chart Image by Trojan69420

Currently, the Binance coin is trading at $709.5 with an intraday recovery of 0.48%. This nullifies the chances of an evening star pattern as the previous-day candle witnessed a higher price rejection from $724. 

Based on Fibonacci levels, BNB is showing a bearish crossover between the MACD and Signal lines. Additionally, the daily RSI line is moving sideways, slightly above the halfway mark, reflecting bullish dominance at lower levels.

BNB Coin Price Targets

With the post-retest reversal from the $650 psychological mark gaining momentum, bullish sentiment forecasts a new breakout rally.

The BNB coin price previously failed to maintain dominance above $724. However, a breakout rally amid broader market recovery could lead to a new peak. Furthermore, the bulls could challenge the 1.272 Fibonacci level at $812.

On the other hand, key support below the 78.60% Fibonacci level remains at the $600 psychological mark.

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