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Ripple and Other Entities Move Over $1.8B XRP Paying Only $0.0013 Fee

Lele Jima
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Ripple and Other Entities Move Over $1.8B XRP Paying Only $0.0013 Fee

Top crypto analyst Leonidas calls attention to the extremely low fees for moving huge funds on the XRP Ledger (XRPL), referencing several transactions.

Leonidas shared the development in reaction to an X post from Whale Alert regarding a recent transaction initiated by Ripple on the XRPL Network. 

Ripple Moves 380M to Unknown Wallet 

According to the post, Ripple transferred 380 million XRP worth $915.17 million to the wallet, ‘rP4…xv3.’ Notably, Ripple paid a fee of 0.0005 XRP for this transaction.

Although Whale Alert labeled the recipient address unknown, data from top XRPL explorer Bithomp suggests that Ripple might be the owner. The company activated the wallet with 70 million XRP on October 2, 2023.

Other Subsequent XRP Flows 

Shortly after Ripple transferred the 380 million XRP to one of its wallets, Leonidas indexed the subsequent movements of the funds and their total transaction costs. 

According to Leonidas, the recipient wallet transferred 200 million XRP worth $486 million to another address, ‘rJq…8nE’. Bithomp data indicates that this transaction required a fee of about 0.000015 XRP. 

Afterward, the receiver transferred the entire 200 million XRP ($486 million) in two tranches of 100 million XRP for a total fee of 0.000030 XRP to an unknown blockchain address labeled ‘rN6…jTG’.

Overall, the total cost of moving the $1.88 billion worth of XRP was 0.000545 XRP ($0.0013), according to Leonidas. 

XRPL Ultra-Low Fees 

The development highlights XRP Ledger as a network that boasts ultra-low transaction fees. It allows users to initiate high-value transactions for a negligible fee compared to other blockchain networks and traditional financial systems. 

Last year, The Crypto Basic reported that XRPL ranks among the top blockchains with the lowest transaction fee. Notably, it outperformed Bitcoin, Cardano, Polygon, and Ethereum in this metric. 

For context, while users pay an average fee of $0.005145 per transaction on the XRPL, it costs $3.5 to transfer funds on the Bitcoin network and $1.48 on Ethereum. 

XRPL Now Cheaper with New Fee Structure 

Meanwhile, XRPL validators have been implementing measures to make the network more affordable and accessible to a wider range of users. 

As reported earlier, they approved a new reserve fee structure for the network, reducing the fee required to open an XRPL account by 90% from 10 XRP to just 1 XRP. The new structure also drastically reduced NFT and object reserve fees from 2 XRP to 0.2 XRP. 

World Liberty Financial Splashes $12M to Acquire Ethereum, LINK, and AAVE

Elendu Benedict
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World Liberty Financial Splashes $12M to Acquire Ethereum, LINK, and AAVE

The Donald Trump-inspired crypto project, World Liberty Financial, is stacking millions worth of Ethereum, Chainlink, and AAVE.

On-chain data shows that the decentralized finance (DeFi) protocol World Liberty Finance (WLFI) has gone on an altcoin acquisition spree. Per Etherscan, the Donald Trump-inspired firm has spent millions of USDC to buy major cryptocurrencies.

World Liberty Acquires Ethereum and Notable Altcoins

Data from Etherscan shows that World Liberty Financial resumed cryptocurrency acquisition with the Aave token. Early Thursday, a wallet tied to the DeFi protocol spent 1 million USDC to acquire 3,357 AAVE in over ten transactions at an average cost of $297.8.

Furthermore, the WLFI “0x5bE9” wallet began acquiring Chainlink (LINK) afterward. The protocol used another 1 million USDC to buy 41,335 LINK at an average cost of $24.2 per coin through the CoW Protocol.

Finally, the World Liberty Financial address bought $10 million worth of Ethereum. Specifically, the platform spent USDC to acquire 2,631 ETH at an average cost of $3,801, taking its stash to 14,574 ETH ($57.2 million).

WLD Purchases
WLD Purchases

At press time, the WLFI altcoin wallet’s value stands at $17.5 million. The wallet holds other notable assets like Coinbase Wrapped Bitcoin, the USDT and USDC stablecoins, and some meme coins.

Donald Trump’s Wallet Nears $10M

Meanwhile, World Liberty Financial’s flair for Ethereum mirrors Donald Trump’s crypto portfolio. The US President-elect has a staggering amount of his portfolio denominated in the second-largest cryptocurrency by market cap.

Arkham data shows Trump’s personal wallet address holds 495 ETH ($1.95 million) and 479 wETH ($1.89 million). Aside from the asset, other notable tokens in the wallet are memecoins TROG ($3.5 million) and TRUMP ($1.01 million).

Meanwhile, Trump’s crypto portfolio is closing in on the $10 million value mark after adding $2.55 million in the past 24 hours. At the time of writing, the address holds $9.7 million worth of cryptocurrencies.

Meta Strengthens Ties With Pro-Bitcoin Trump Administration Through $1M Inaugural Donation

Albert Brown
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Meta Strengthens Ties With Pro-Bitcoin Trump Administration Through $1M Inaugural Donation

Meta made headlines this week with a $1 million donation to President-elect Donald Trump’s inaugural fund.

The contribution, as The New York Times reported, represents a strategic move by the tech giant to build rapport with the incoming administration. This development follows a meeting last month at Mar-a-Lago between Meta CEO Mark Zuckerberg and Trump, during which cordial exchanges reportedly occurred. Zuckerberg congratulated Trump’s victory, signaling a shift in the previously contentious relationship between the two parties.

In addition to meeting with Trump, Zuckerberg dined with Marco Rubio, Trump’s nominee for Secretary of State, during the same visit. While Meta has not disclosed specific motivations for its donation, businesses often contribute to inaugural funds to foster favorable relationships with new administrations.

Notably, donations exceeding $1 million grant premium donor benefits, a possible incentive for Meta’s contribution. Reports from The Wall Street Journal emphasize the broader trend of tech leaders cultivating connections with the president-elect.

Shifting Dynamics in Trump-Meta Relations

The relationship between Trump and Meta has evolved significantly over time. Trump previously criticized Meta for alleged suppression of conservative voices on its platforms, a claim that gained traction following the Capitol riots on January 6.

Meta responded by suspending Trump’s accounts, a decision that was later reversed. Tensions between Trump and Zuckerberg were particularly pronounced during the 2020 election, with Trump publicly accusing the Meta CEO of conspiring against him.

Despite these challenges, recent months have seen efforts to mend relations. Over the summer, Zuckerberg and Trump reportedly held multiple private phone conversations. In one instance, Zuckerberg commended Trump’s resilience following an incident at a rally in Pennsylvania.

Trump’s Support for Bitcoin

Meanwhile, President-elect Trump has voiced strong support for the crypto community, celebrating Bitcoin’s historic surge past $100,000. In a post on Truth Social, he acknowledged the milestone, reinforcing his evolving stance on the asset. Trump’s nomination of Paul Atkins, a pro-crypto figure, as the next SEC chair further proves his alignment with the industry.

Trump’s newfound advocacy for Bitcoin contrasts sharply with his earlier criticisms of the asset. He has since engaged with the crypto space directly, using Bitcoin for public transactions and outlining policy measures to foster innovation.

His administration’s focus on crypto-friendly regulations and plans to establish a national Bitcoin reserve have drawn attention, signaling potential shifts in U.S. crypto policy.

Dogecoin Whales Amassed 210,000,000 DOGE During Latest Price Dip to $0.36

Sam Wisdom Raphael
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Dogecoin Whales Amassed 210,000,000 DOGE During Latest Price Dip to $0.36

Dogecoin whales sustain their accumulation spree, procuring a substantial amount of DOGE tokens during the latest price dip.

Ali Martinez, a prominent market analyst, first called the public’s attention to the latest bullish move, which demonstrated the optimism among these whale addresses. 

Dogecoin Whale Accumulation

Citing on-chain data from market analytics resource Santiment, Martinez revealed that whales holding between 10 million to 100 million Dogecoin accumulated about 210 million tokens amid the latest bearish phase that began on Monday. 

Data confirms that the 210 million tokens they procured are worth over $88 million at the current price of $0.42. According to Santiment, these whales held a cumulative balance of 21.64 billion DOGE right before Dogecoin witnessed the recent price slump. 

Following the correction phase, the holdings among these addresses have now skyrocketed to the current figure of 21.85 billion tokens, marking an increase of 210 million Dogecoin in four days.

Further data scrutiny shows an even more impressive accumulation behavior over a longer timeframe. Remarkably, as of late-October, their holdings amounted to 18.55 billion tokens. With this figure now at 21.64 billion, these whales have added 3.3 billion worth $1.39 to their bags in two months.

The latest accumulation spree amid a price drop shows their appetite for buying the dip. For context, Dogecoin suffered a massive 11.22% price collapse on Dec. 9, marking its largest intraday drop in five months. The last time DOGE observed a comparative decline was on July 4 amid a broader market slump.

DOGE Recovers After Price Dip

Notably, the latest decline also came on the back of a broader corrective phase in the crypto market, led by the Bitcoin (BTC) crash from the $101,000 top. By Dec. 10, BTC had slumped to the lower ends of the $90K level, impacting altcoins like Dogecoin and triggering a cascade of liquidations.

DOGE eventually slumped to $0.3653, its lowest price in over two weeks, before mounting a recovery. However, while the pullback triggered large liquidations of long positions and led to panic-selling, these whales leveraged the opportunity to buy the dip.

So far, this decision appears to be paying off, as Dogecoin has since recovered nearly 15% from the $0.3653 low. Market analyst Scofield confirmed that amid the latest collapse, DOGE previously broke below a lower trendline that had served as support since early November. 

However, as the rebound campaign began, the meme coin has now recovered above the trendline. Meanwhile, Cryptomist, another market analyst, called attention to an ascending triangle that DOGE recently dropped below. He suggested that a push back inside the triangle could set the stage for a rally to ATH.

Why Cardano Founder Insists XRP Lost Big in the Wyoming Stablecoin Saga

Okoya David
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Why Cardano Founder Insists XRP Lost Big in the Wyoming Stablecoin Saga

Cardano founder Charles Hoskinson believes XRP suffered a heavy loss in the Wyoming stablecoin saga.

Over the past few weeks, the Wyoming Stable Token (WST) Project has been a hot-button topic for Cardano founder Charles Hoskinson.

The crypto founder, whose blockchain failed to make the cut for the project, has argued that the selection process for the project to usher in a dollar-pegged stablecoin backed by the pro-crypto state was unfair and biased. 

As Hoskinson sets his eyes on war with the commission in charge of the WST blockchain selection process, he seeks allies in his newly found comrades, the ‘XRP army,’ arguing that Cardano was not the only loser in the selection process. The Cardano founder has recently doubled down on this stance.

A Liquidity Blow to XRP?

Cardano’s Charles Hoskinson asserted that XRP lost big due to the allegedly biased WST project blockchain selection process. The Cardano founder expressed this view on Wednesday, December 11, in response to statements from prominent crypto influencer Ben “Bitboy” Armstrong.

The influencer contended that the XRP army did not have to bother about the outcome of the WST project after news broke that Ripple, the primary backer of the XRP project, had secured the approval of the New York State Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. But Hoskinson not so politely begged to differ.

“How much have you been hit in the head? XRP was a huge loser in this biased process,” the crypto founder retorted in response to Bitboy.

Hoskinson shared this view, arguing that the WST project would have provided a significant liquidity boost to the XRP Ledger (XRPL) and further showcased the capabilities of Ripple’s RLUSD rails.

The Cardano founder explained that Ripple had developed a system that served as an alternative to Circle’s, but Circle ultimately emerged as the winner.

He noted that if Ripple had been allowed to participate in the bidding process, Wyoming could have issued millions of dollars in tokens using the RLUSD infrastructure. This, he suggested, would have boosted liquidity on several major exchanges that were missed out on.

A Big Conspiracy?

In Hoskinson’s telling, the exclusion of crypto projects like Cardano, XRP, and Bitcoin from the WST initiative results from a conspiracy between leading Ethereum developer Consensys, stablecoin issuer Circle, and leading asset manager BlackRock. 

This view comes as the Cardano founder claims that the selection of the project’s blockchains was done by a small group comprising Consensys and Circle ex-employees. As for BlackRock’s involvement, many have long seen the investment banking giant as a backer of Circle due to partnerships dating back to 2022.

According to Cardano’s Hoskinson, the WST project, first conceived in 2023, was initially billed as a multichain project to rival solutions from Circle and Tether. However, he claims things changed with Anthony Apollo’s involvement in the project. 

Anthony Apollo is the executive director of the commission spearheading the WST project. Interestingly, Apollo has a history with Consensys, having spent nearly a year and a half leading various departments at the firm.

According to Hoskinson, Apollo waved off the WST project’s multichain intent in favor of an Ethereum-focused direction. He claims that to achieve this, the director ushered in opaque blockchain evaluation processes instead of allowing each project to build prototypes to demonstrate how they could meet the project’s needs as initially agreed.

Per now inaccessible documents shared by Mysten Labs co-founder Evan Cheng, the shortlisted blockchains included Solana, Avalanche, Sui, Stellar, and Ethereum and its Layer 2 chains like Optimism, Base, and Polygon.

 

A major battering ram in Hoskinson’s fight against the WST project’s blockchain selection process is the selection of Stellar over the XRPL. While both projects are built with remittances and payments in mind, the XRPL is widely seen as the more successful project, boasting a market cap of nearly $140 billion and averaging tens of billions in daily trading volumes.

For context, Stellar only has a market capitalization of about $13 billion with about $1 billion in 24-hour trading volume.

“So let me get this straight. Apparently, Stellar can do stuff that Ripple can’t do according to the scoring criteria,” Hoskinson lamented in a broadcast in November 2024.

Vancouver City Passes Law to Adopt a Bitcoin-Friendly Stance

Elendu Benedict
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Vancouver City Passes Law to Adopt a Bitcoin-Friendly Stance

Vancouver City has become the latest metropolis to adopt Bitcoin as a means of conserving reserve value after a bill supporting this stance passed council voting.

Canada’s Vancouver City has passed a motion allowing a friendly stance towards Bitcoin. In a December 11 council meeting, the house unanimously voted that Vancouver adopt the premier asset.

Mayor Ken Sim discussed the motion at yesterday’s council meeting, updating the council on the pros of preserving the city’s wealth using Bitcoin. Notably, he had presented the motion in November, with yesterday’s meeting slated for a ruling on the bill.

Vancouver Adopts Bitcoin

A council meeting video shows that most voted in favor of the bill. Six of the eight present council members voted for the motion, while 2 opposed it. With the majority voting for Bitcoin adoption, Councilor Zhao declared that the bill has passed.

Meanwhile, Major Sim presented his case on the motion before the voting. A recording shows he described Bitcoin as a financial tool that could preserve Vancouver’s financial future for the next 100 years.

The mayor insisted that fiat loses value due to inflation and debasement. However, investing in Bitcoin’s finite and decentralized quality would preserve Vancouver’s economic worth in the future.

Notably, the crypto-friendly motion will allow Vancouver to accept tax and fee payments in Bitcoin or adopt the asset as a strategic reserve asset. Meanwhile, the city staff have until Q1 2025 to contemplate the motion’s feasibility and report back to the council.

Governments Adopting Bitcoin

Meanwhile, Vancouver is one of multiple government entities looking Bitcoin’s way. The asset’s popularity has grown substantially recently after US President-elect Donald Trump adopted it.

Other countries, such as Russia and Brazil, are also considering adopting Bitcoin as a reserve asset, and Poland is also teasing the idea. This disposition mirrors a similar scenario in the United States, with Senator Cynthia Lummis fronting the bill.

Notably, asset manager Bitwise predicted that the number of countries holding Bitcoin will double before the end of next year. Its report asserted that at least 18 countries will keep a Bitcoin stash in 2025 amidst growing interest in the asset.

Experts Explain Why RLUSD Launch May Not Send XRP to The Moon Immediately

Abdulkarim Abdulwahab
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Experts Explain Why RLUSD Launch May Not Send XRP to The Moon Immediately

As Ripple secures the much-anticipated regulatory approval to list its stablecoin RLUSD, industry experts are weighing in on how RLUSD’s launch could impact the price of XRP.

In a commentary on X, software engineer Vincent Van Code, and XRPL validator Vet offered contrasting perspectives on XRP’s price trajectory in light of RLUSD’s arrival. They highlighted both bullish possibilities and pragmatic limitations.

How RLUSD’s Launch Could Impact XRP Price

Van Code noted that the New York Department of Financial Services (NYDFS)’s approval of RLUSD has already raised XRP’s price from $1.90 to $2.35. However, he described this surge as a “speculative pump” rather than one based on solid fundamentals. 

In his view, a true price breakout could occur once automated market maker (AMM) and liquidity pool (LP) features for RLUSD are activated on the XRP Ledger. He specifically argued that this development could significantly impact XRP, especially when users can earn up to 5% APY on-chain “without counterparty risk.”

Essentially, Van Code speculated that once RLUSD enters the DeFi ecosystems, it could attract substantial capital inflows into the XRP ecosystem. “Then, you will see serious money flowing into the XRPL,” he said.

Additionally, Van Code mentioned that exchanges will likely aim to capitalize on this opportunity by offering RLUSD staking. He predicted they would directly lock XRP on the XRPL and earn percentage returns. He also speculated that people may start swapping USDT for RLUSD and transferring it to self-custody wallets.

This, in turn, would allow users to leverage RLUSD to buy XRP and other assets through decentralized exchanges (DEXs). Van Code further suggested that purchasing LP tokens for a 5-6% return would be more advantageous than holding just XRP or RLUSD alone, as utilizing both assets together would offer greater returns.

He argued that this could increase XRP demand as liquidity dwindles across centralized exchanges, challenging price-suppressing bots and market makers. Van Code anticipates that this shift could unfold by February.

XRPL Validator Disagrees

However, XRPL validator Vet raised several concerns about the optimistic outlook proposed by Van Code, highlighting obstacles to this vision. First, Vet pointed out that RLUSD cannot currently participate in AMM pools on the XRPL.

He also noted that earning a specific yield in an AMM pool with RLUSD is not guaranteed and that returns are not assured. Additionally, Vet emphasized the risk of impermanent loss associated with AMMs.

Furthermore, he clarified that there will never be an AMM pool on the XRPL that eliminates counterparty risk.

Lastly, Vet highlighted that XRPL does not have a native staking feature and that staking on exchanges involves counterparty risk, making it not a unique offering.

XRP Eyes $4.40 as Chart Patterns Form Third Consecutive Bullish Pennant: Top Trader

Abdulkarim Abdulwahab
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XRP continues to capture the attention of traders and analysts with its price action, currently forming three consecutive bullish pennant patterns on the 4-hour chart. 

These formations are known for signaling trend continuation, suggesting strong upward momentum for XRP amid a recent pause in its bull run.

Analyst Ali Martinez highlighted these formations in a post on X, pointing out the significance of XRP retesting the $2.25 support level.

XRP Eyes $4.40

According to his analysis, this dip could present a prime buying opportunity for traders looking to ride the wave toward a bullish target of $4.40. This price projection aligns with the breakout trajectory suggested by the pennant patterns.

Image
XRP chart by Ali Martinez

Remarkably, XRP not only revisited the expected lows but went on to bottom at $1.90 before rebounding. As of press time, XRP is trading at $2.37, having appreciated by 7% in the last 24 hours.

While some may have missed out on buying XRP’s dip at $1.90, Martinez’s analysis suggests that the present price still presents a discount compared to where XRP could be headed. Notably, from its current price of $2.37, reaching $4.40 would still amount to a substantial 88% upside.

Numerous market commentators have expressed their views that $4 could indeed be XRP’s next target when the bull run resumes, especially considering the less formidable road to that threshold.

Martinez considers $4.40 a more near-term outlook for XRP, as its chart patterns hold more promising upside potential than $4.

XRP Promising Chart Confirmed by Veteran Analyst Brandt

Interestingly, other seasoned analysts like Peter Brandt have also acknowledged the promising outlook for XRP based on its chart. In a recent tweet, Brandt, who was once a major critic of XRP, expressed that XRP’s weekly chart is currently the most powerful in crypto, holding the most promise for a significant breakout.

While Brandt has remained cautious in offering any specific price predictions, other analysts have been more vocal about where XRP could be headed.

For instance, Martinez recently issued a bold target of $48 for XRP after observing the asset’s breakout from its multi-year symmetrical triangle. In his view, the conservative estimate for XRP is $8.

Whales Betting on XRP Pump

Meanwhile, whales are capitalizing on XRP’s dip to position themselves for what could be coming next. Recent data from Santiment suggested that whales have increased their XRP holdings by 100 million tokens—worth over $200 million—amid the market-wide crash yesterday.

With Bitcoin Hitting $100K, Here Are A Few Ways To Make The Most of This Santa Rally

Albert Brown
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Historically, from 2015 to 2023, Bitcoin has recorded an average price increase of approximately 5-10% during the Santa Rally period (December 24-January 1). For altcoins, the average increase tends to be higher, often exceeding 15% during the same timeframe. After reaching an all-time high of $103,679 on December 5, Bitcoin’s price has since retreated to around $98,000 at press time.

Experts see this as a healthy correction and project that prices could climb to $150,000–$250,000, primarily fueled by the influx of institutional investors through spot Bitcoin ETFs and the increasing global adoption of crypto assets. This is further supported by elevated Bitcoin hash rate trends, reflecting sustained miner confidence, and a significant uptick in network activity.

Maximize Your Santa Rally Gains with NOW Wallet

NOW Wallet emerges as an ideal companion for navigating the upcoming Santa rally, where Bitcoin might trade above $100K. Its key features enable users to securely and efficiently store, manage, exchange, and stake a wide range of cryptocurrencies. Using NOW Wallet during this rally, you can:

    • Expand Your Crypto Portfolio: With NOW Wallet offering more than 70 different blockchains and over 1500 tokens, including top cryptocurrencies such as Bitcoin (BTC) popular altcoins like Monero (XMR) and Litecoin (LTC), as well as tokens from leading DeFi protocols like Uniswap (UNI), Synthetix Protocol (SNX), and Injective Protocol (INJ), you can diversify your portfolio with as many cryptocurrencies as you prefer. NOW Wallet allows the addition of tokens from Tron and supported EVM-compatible blockchains even if they are not depicted on the wallet’s interface, thus offering great flexibility in the management of the tokens and coins you own. 
    • Buy Crypto Conveniently: Users without any cryptocurrency can purchase it directly using their bank accounts, credit or debit cards (Visa/Mastercard), or mobile wallets such as Apple Pay and Google Pay. NOW Wallet accommodates more than 60 fiat currencies, including USD, EUR, GBP, CAD, and others. However, fiat transactions are subject to the KYC verification implemented by NOW Wallet’s partner services.
    • Swap Effortlessly with the Integrated Exchange: Take advantage of the integrated exchange powered by ChangeNOW, NOW Wallet developer. To ensure efficient crypto exchange and seamless support of cross-chain operations, engage in direct, KYC-free crypto-to-crypto exchange powered by DEX. Sweep up to a 0.2% cashback bonus for transactions through ChangeNOW Pro to enrich the functionality of your experience. 
    • Earn Passive Income Through Staking: Stake popular tokens such as Tron (TRX), Binance Coin (BNB), Solana (SOL), NOW Token (NOW), and more to receive stable profits. NOW Token staking is active with an annual percentage rate (APR) of 6.25%, allowing flexibility in staking amounts up to a maximum of 100,000 tokens. Enjoy an anti-inflation mechanism that preserves demand by reducing the staking rewards to fifty percent of the previous after every 1.5 million tokens.
    • Integrate NFT and DeFi Seamlessly
      • Securely store and manage NFTs directly within NOW Wallet, avoiding third-party risks. Categorise and organise assets easily with an intuitive interface.
      • Connect to dApps via WalletConnect to access DeFi platforms, NFT marketplaces, and blockchain games. Engage in staking, lending, borrowing, and NFT trading while keeping your private keys secure. 
    • Secure Your Assets: The Santa Claus rally can attract hackers due to increased trading activity. Safeguard your investments with NOW Wallet’s robust security features, including its non-custodial architecture, three-tier encryption, secure mnemonic phrase storage, PIN-based protection, and biometrics.
  • Access at any time: NOW Wallet offers seamless cross-platform compatibility, allowing users to access their wallets on iOS, Android, macOS, Windows, and Linux. This comprehensive functionality ensures secure asset management, effortless transactions, and the ability to monitor market trends from any preferred device. By supporting multiple platforms, NOW Wallet enhances accessibility and convenience, making it a valuable tool in the fast-paced cryptocurrency market.

To maximise earnings during market rallies, consider a few more actionable strategies:

Use Real-Time Swaps

The integrated exchange feature of NOW Wallet allows users to take advantage of price fluctuations in the cryptocurrency market with ease. By enabling quick swaps between different cryptocurrencies, this functionality helps users capitalise on the dynamic nature of asset prices. For example, when market conditions show an upward trend or price rally, users can closely monitor these developments to spot opportunities for profitable swaps. This capability not only empowers users to execute timely transactions but also encourages a proactive strategy that can maximise returns during periods of heightened market activity. Whether it’s seizing the moment when a particular cryptocurrency experiences a surge or diversifying holdings in response to market shifts, this built-in exchange serves as a valuable tool for strategic trading. 

Participate in Promising ICOs

Participating in Initial Coin Offerings (ICOs) or token sales is a lucrative strategy to adopt during bull markets, as it allows investors to acquire tokens at potentially lower prices before they hit exchanges, often leading to substantial returns if the projects succeed. However, it is crucial to conduct thorough due diligence by researching the project’s fundamentals, including the credibility of the team, market sentiment, regulatory compliance, and the tokenomics design. Additionally, having a clear exit strategy is essential for navigating the volatility post-ICO. By carefully assessing opportunities and understanding the risks, investors can capitalise on promising projects while supporting innovative advancements in the cryptocurrency space.

Keep Abreast of the Latest News and Trends

Staying current with market news and trends can make or break your crypto success story. Market insights become more evident when you regularly check crypto-related news sources, social media, newsletters, etc. In this way, you can sense subtle shifts in sentiment and capitalise on emerging opportunities at the perfect moment. Proactive investors can ride the wave of market enthusiasm, minimise risks, and seize every chance to maximise their earnings.

In Summary 

With the market’s momentum clearly on the rise, NOW Wallet provides a tactical advantage in the ongoing bull market. Whether it concerns safe storage, staking services, or fast and efficient crypto-to-crypto exchanges, it enables all users to optimise profits. When engaging in such rallies, real-time exchanges through tools such as NOW Wallet, diversification, and an interface to DeFi may enable investors to take full advantage of the market’s upward trajectory.

Here Are New Timelines for Shiba Inu to Surge to $0.0001, $0.001, and $0.01, As SHIB Rises 133%,

Lele Jima
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Here Are New Timelines for Shiba Inu to Surge to $0.0001, $0.001, and $0.01, As SHIB Rises 133%,

With Shiba Inu soaring by over 130% in three months, we’ve compiled new timelines for SHIB’s surge to $0.0001, $0.001, and $0.01. 

Shiba Inu (SHIB) has had an impressive performance since it plunged to around $0.000013 in early August. Recall that crypto prices tanked heavily in August due to rising geopolitical tension in the Middle East. As reported earlier, Shiba Inu was not spared in the bloodbath as it plunged below the $0.000013 price mark. 

Here’s When SHIB Will Hit $0.0001, $0.001, and $0.01 

Interestingly, this collapse has become a thing of the past, following SHIB’s 133.15% surge to $0.00003031 in early November. This movement has affected the timelines set for Shiba Inu’s potential rally to $0.0001, $0.001, and $0.01. 

Consequently, The Crypto Basic consulted multiple entities, such as Changelly and ChatGPT, to ascertain when SHIB could reach these targets. 

Shiba Inu Potential Rally to $0.0001 

$0.0001 is modest among the aforementioned targets, as it requires SHIB to surge 266.97% from its current price. This target is 13.05% higher than Shiba Inu’s previous all-time high (ATH) of $0.00008845, set on October 28, 2021. 

At $0.0001, Shiba Inu’s market cap would rise to $58.92 billion from the current value of $16.04 billion. This estimation assumes that Shiba Inu’s circulating supply of 589.25 trillion tokens remains fairly stable. 

According to Changelly experts, Shiba Inu will hit the $0.0001 target by 2027, three years from now. In 2027, the experts expect SHIB to trade at a minimum target of $0.000103, an average price of $0.000107, and a maximum price of $0.000127. 

ChatGPT, a popular AI chatbot, issued three timelines for SHIB’s surge to $0.0001. First, it expects SHIB to hit the target between 2025 and 2026, noting that the milestone would be driven by widespread adoption, hefty token burns, and a strong bull market. 

The second timeline would see SHIB clinch $0.0001 in 2 – 4 years, specifically between 2026 and 2028. Achieving the target within this timeline requires SHIB to witness increased utility through Shiba Inu’s L2 blockchain Shibarium and steady economic growth. 

Lastly, ChatGPT sees the $0.0001 target becoming a reality by 2029 or beyond due to a lack of solid adoption. 

Shiba Inu to $0.001 

Hitting the $0.001 target requires a rise of 3,559% from the current price. Upon clinching this target, Shiba Inu’s market cap would soar to $589.25 billion from the current value, assuming the circulating supply remains fairly stable. 

Experts at Changelly see the $0.001 target becoming a reality by 2033, which would mark SHIB’s maximum price by then. 

In addition, ChatGPT issued its prediction for Shiba Inu’s potential surge to $0.001 under three different timelines. The outlooks are optimistic, moderate, and pessimistic. 

For the optimistic forecast, ChatGPT expects SHIB to clinch $0.001 between 2030 and 2034. This rise will be driven by several factors, ranging from massive token burns to rapid institutional interest in SHIB. 

The moderate forecast estimates that SHIB would trade at $0.001 between 2035 and 2040, highlighting factors like long-term growth in adoption as a potential driver. 

The pessimistic outlook does not expect Shiba Inu to reach this target without aggressive burns. Hence, ChatGPT did not set a particular timeline for this scenario. 

Shiba Inu to $0.01 

Amid Shiba Inu’s 133.51% surge, we consulted Changelly and ChatGPT to find out the updated timeline for SHIB’s rally to the one-cent ($0.01) dream. 

With Shiba Inu currently trading at $0.2725, the token must register a surge of 36,597% to reach the $0.01 target. At this price, Shiba Inu’s market cap would climb to an astounding $5.89 trillion, surpassing Bitcoin’s current valuation. 

Despite the massive growth rate required for Shiba Inu to surge to $0.01, Changelly experts believe the one-cent dream is realistic for SHIB. According to them, Shiba Inu would likely hit the target by October 2040, marking SHIB’s maximum price by then. 

Furthermore, ChatGPT set an optimistic timeline of 2035 – 2045 for Shiba Inu’s potential surge to $0.01. It speculated that SHIB could achieve the one-cent dream within this period by incinerating 95-99% of the circulating supply. 

For the moderate and pessimistic outlooks, ChatGPT does not see Shiba Inu soaring to $0.01 over the next few decades. 

While the $0.0001 target is moderate, Shiba Inu’s potential surge to $0.001 and $0.01 seems audacious, as it requires the asset to surge by thousands of percentages. Achieving these milestones within a short period would necessitate the alignment of several factors, ranging from strong institutional demand to massive burn. 

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