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Shytoshi Kusama Hints at “Rivalry” Within Shiba Inu Ecosystem

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Shiba Inu lead developer shares a cryptic tweet, with some suggesting he was hinting at an ongoing rivalry with the ecosystem.

The Shiba Inu leader took to X to post a GIF of the famous ‘Left Twix v. Right Twix’ rivalry theme yesterday. However, Kusama did not add any caption to the tweet, leaving Shiba Inu enthusiasts in the dark.

Left v. Right Twix 

For context, Mars Inc. adopted the funny ‘Left Twix v. Right Twix’ theme as a marketing strategy to create engagement around its Twix shortbread biscuit. While the right Twix has chewy caramel atop a crisp cookie, the left Twix features smooth caramel on a crunchy cookie.

The promotional campaign requires Twix customers to identify which bar is better. Mars expects Twix customers to taste both bars to make this decision, potentially increasing their sales.

A Rivalry? 

With Kusama posting the Left Twix v. Right Twix campaign, some suggest he might be hinting at a humorous rivalry within the Shiba Inu ecosystem.

Despite locking the comment section, several Shiba Inu community members have been reacting to the post through quotes. Some users suggested that one of the Twix is SHIB, while the other represents one of Shiba Inu’s ecosystem tokens, like the upcoming TREAT token. However, this remains unconfirmed.

In the meantime, Kusama has not provided more insight into the message he intended to pass through the imagery. Irrespective of whether there is an ongoing rivalry in the Shiba Inu ecosystem among existing products or tokens, they are ultimately in synergy to foster the growth of the canine-themed cryptocurrency.

Shiba Inu Needs More Work to Earn Respect 

Notably, Kusama believes more work is needed to drive Shiba Inu’s growth. This requires a combined effort from both the ecosystem team and community members. Kusama believes Shiba Inu will receive the respect it deserves within the crypto space as the ecosystem grows.

The Shiba Inu leader made this suggestion last month while emphasizing that SHIB is the best-performing asset in the past decade. At the time, Kusama claimed that Shiba Inu had a lifetime gain of 33,774,726%, outperforming Bitcoin’s growth by 66x. 

As Dogecoin Records 29% Gain, Is a New 52-Week High on the Horizon?

Dogecoin has crossed the $0.20 mark and is eyeing a new 52-week high, recording a massive 29.41% surge in the last 24 hours.

With a 29% surge in the past 24 hours, Dogecoin has crossed above the $0.20 psychological mark. The massive surge comes as Bitcoin crosses the $75k mark and Donald Trump leads the U.S. presidential race.

As bullish sentiments in the crypto market continue to grow, will Dogecoin create a new 52-week high, crossing above $0.2289 this week? Let’s find out. 

Dogecoin Crosses $0.20

In the daily chart, the falling-wedge breakout rally in Dogecoin is continuously gaining momentum. The rising momentum has led to a higher high and higher low formation. Dogecoin has formed three consecutive bullish candles in the past three days, accounting for a 45.83% jump from its 7-day low of $0.1420. 

Dogecoin Price Chart
Dogecoin Price Chart

Currently, DOGE is trading at $0.2072 as it sustains dominance above a critical psychological mark. As the bullish influence grows, the 50-day and 200-day simple moving averages give a bullish crossover. 

Moreover, the MACD and signal lines are avoiding a negative crossover while bullish histograms continue to surge. With increasing buying pressure, the DOGE price reached a 24-hour high of $0.2193. Therefore, the chances of Dogecoin hitting a new 52-week high have increased significantly in recent events.

Dogecoin’s Second Flag Breakout

Taking a closer look at the 4-hour chart, Dogecoin shows another bullish flag pattern breakout, which fueled the ongoing rally. The flag pattern breakout has resulted in a massive upswing and crossed the 161.80% Fibonacci level at $0.2031. 

Dogecoin Price Chart
Dogecoin Price Chart

At present, the 4-hour candle shows a lower price rejection as it retests the broken 161.80% level. The long-tailed candle suggests a higher probability of a post-retest reversal, potentially targeting the 261.80% Fibonacci level at $0.24977.

Thus, Dogecoin shows a 20% upside potential in the short term. On the other hand, a potential retest of the previous swing high at $0.1797 indicates a 13.53% downside risk.

As Bitcoin Hits New ATH of $75K, Will Trump’s Presidential Win Push BTC to $80K?

Bitcoin hits a new all-time high as Republicans celebrate Trump’s lead in the 47th U.S. Presidential elections. Will this bull run reach $80k?

The crypto market takes off with Donald Trump inching closer to becoming the 47th U.S. President. Bitcoin’s price has reached an all-time high of $75,360, and the altcoins are on a bullish run. 

Bitcoin is currently trading at $74,722. With an intraday gain of 7.69% and a 9.25% jump in the past 24 hours, Bitcoin has a market cap of $1.47 billion and dominates 59.61% of the crypto market. Meanwhile, the broader market is inching closer to the $2.5 trillion valuation. 

Bitcoin Price Analysis

In the daily chart, the BTC price action shows two massive bullish engulfing candles. Last night, the BTC price registered a 2.31% jump, continuing the bullish trend with a 7.44% engulfing candle. 

Bitcoin Price chart
Bitcoin Price chart

The recovery run has surpassed the 100% Fibonacci level price at $73,679. With the increased bullish momentum, the MACD and signal lines have given a positive crossover. 

Furthermore, the 100-day and 200-day simple moving averages are heading for a bullish crossover. Hence, the technical indicators are giving a buy signal for Bitcoin. 

Bitcoin Open Interest Hits $45B as Short Liquidations Surge

With bullish sentiments shattering the glass ceiling as Donald Trump’s chances of becoming the next president increase, the bull run in Bitcoin is likely to continue.

In the derivatives market, Bitcoin’s open interest has risen by 13.19% in the past 24 hours and reached $45.08 billion. Meanwhile, the option’s open interest is $30.81 billion, a rise of 6.96%. 

Coinglass Bitcoin Derivatives
Coinglass: Bitcoin Derivatives

Essentially, the market sentiment is improving, with the long-to-short ratio surpassing 1:1. In terms of liquidations, short sellers have taken a significant hit in the past 24 hours. Of the $247.67 million in total liquidations, $211.67 million came from short positions.

Will Bitcoin Hit $80k?

Based on the Fibonacci level, the next resistance is priced at $82,063 at 1.272 Fibonacci level. Conversely, a potential retest of the $73,679 level is possible once the market stabilizes. 

However, the next stage of bullish momentum will come with Donald Trump officially winning the elections. This massive catalyst could result in a price surge to $78,000 by the end of the day.

Ripple CEO Taunts “Everyone Who Doubted” as Pro-Crypto Candidates Emerge Winners in US Elections

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Ripple CEO Brad Garlinghouse has hit back at skeptics after pro-crypto candidates emerged as winners in the ongoing US elections.

The notable crypto industry leader didn’t hold back in his latest tweet after crypto-friendly candidates secured victory in the US elections. In an X update today, Garlinghouse taunted critics who doubted the election of pro-crypto candidates, noting that “the crypto voter is here to stay.”

Notably, the November 5 elections were seen as the first crypto election, following the involvement of GOP candidate Donald Trump and other candidates in the US House and Senate. Trump and other candidates actively supported the nascent industry, drawing backing from the crypto community and skepticism from anti-crypto entities.

Garlinghouse Congratulates Crypto Champions

In the tweet, the Ripple boss expressed excitement over the triumph of “crypto champions” who won their election and reelection bids in their different jurisdictions. He mentioned a few of them in the tweet, including Bernie Moreno, Ritchie Torres, Kirsten Gillibrand, and Andy Barr.

Notably, Moreno is a first-time Republican candidate but trumped incumbent Sherrod Brown to win Ohio. In New York, incumbent Senator Torres, who questioned SEC boss Gary Gensler’s non-fungible token securities classification, recorded a landslide victory.

Republican and Democratic pro-crypto incumbents Barr and Gillibrand also secured reelections in the US House and Senate. The former represents the Kentucky district, while the latter is a senator in New York.

Ultimately, Trump currently secures a decisive lead over the current vice president, Kamala Harris. 

Meanwhile, data shows that 238 pro-crypto candidates lead in the ongoing election. About 224 US House representatives and 14 senators who are supportive of crypto are leading proceedings in the polls, with some already declared winners.

Crypto Market Reacts

The crypto market has reacted positively to the victories of pro-crypto candidates in the US elections. For context, Bitcoin surged past its previous highs to attain a new all-time high above $75,000.

Major crypto assets also made moves following extensive gains. Solana, for example, flipped Binance Coin (BNB) to become the fourth-largest cryptocurrency by market cap after surging over 12% in the past 24 hours to trade above $182.

Meme coin Dogecoin also temporarily surpassed XRP to claim the 7th slot but returned to 8th after XRP picked up bullish momentum. The leading meme coin has surged 13.63% in the past day and has a market cap of $28 billion.

Shiba Inu Lead Copies This Elon Musk Move 

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Shytoshi Kusama, the enigmatic Shiba Inu ecosystem leader, draws inspiration from one of Elon Musk’s initiatives.  

In an X post today, the Shiba Inu lead developer unveiled S.H.I.B, which looks identical to Elon Musk’s D.O.G.E proposal. Although both proposals mirror the tickers of the top two meme coins by market cap, they hold different ideas.

Difference Between D.O.G.E and S.H.I.B 

For context, Musk proposed the D.O.G.E (Department of Government Efficiency) initiative to Republican presidential candidate Donald Trump. The initiative aims to streamline government operations and potentially save trillions of dollars in tax spending.

Musk’s mention of this proposal on X positively impacted the price of Dogecoin (DOGE). As reported yesterday, the price of Dogecoin soared by 11%, adding $2.5 billion to the asset’s market cap after Musk elaborated on the D.O.G.E concept. 

Weeks after Musk made the D.O.G.E proposal, Shiba Inu’s leader proposed the S.H.I.B initiative. S.H.I.B, which stands for Strategic Hub for Innovation in Blockchain, is Kusama’s proposal to the forthcoming president of the United States.  

The S.H.I.B initiative proposes that the forthcoming U.S. administration leverage blockchain to boost different sectors of the country, ranging from security to the economy. Kusama believes this help the United States create a ‘Silicon Valley of Crypto.’ 

Shiba Inu Lead Reminds Upcoming US President About S.H.I.B Proposal   

Kusama first proposed the S.H.I.B initiative earlier this week in a blog post. He highlighted the proposal today as a reminder to whoever becomes president.  

SHIB Sees Double-Digits Gain as US Election Result Comes In  

It is worth mentioning that all polls for the 2024 U.S. election have closed, with voters looking forward to who will become the next president of the United States. 

Early results show that Donald Trump, a strong crypto advocate, is leading the race in terms of electoral votes by a good margin. Associated Press data show that Trump has a commanding lead of 248 electoral votes, while Vice President Kamala Harris of the Democratic Party currently has 214. 

US Presidential Election result
US Presidential Election result

Apparently, the election result is bullish on the crypto market due to Trump’s pro-crypto stance. So far, the total crypto market cap is up 9.94% in 24 hours to $2.49 trillion. As a result, Shiba Inu (SHIB) has witnessed double-digit gains of 10.42% in the past day, with a token currently priced at $0.00001932. 

XRP Community Reacts as Whales Move 1,606,093,000 XRP Across Bybit, Bithumb

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Curiosity gripped the XRP community as whales moved over 1.6 billion XRP across two major exchanges, Bithumb and Bybit, in a few hours.

Whale Alert reported that whales moved $814 million worth of XRP in a few hours, sparking market curiosity. The Tuesday transactions involved five distinct transfers, where whales deposited and withdrew large sums of XRP from exchanges.

Transaction Details

On-chain data from XRPL explorer Bithomp shows the first transaction happened at 13:53 (UTC) between South Korean-based crypto exchange Bithumb and an unknown wallet. The exchange transferred 580,092,812 XRP ($297 million) to the receiving address “rPyCQm.”

While questions around the origin of the transaction prevailed, another massive withdrawal happened. Notably, in this transfer, a second Bithumb-tied wallet, “mArodsZ,” moved 199,999,993 XRP to the same receiving address from the previous transaction.

Notably, the second withdrawal happened by 14:00 (UTC), seven minutes from the first transaction. Also, the transfer was worth $101 million at the time, at an average price of $0.506 per XRP.

Two minutes later, the same address received 200,000,043 XRP from another Bithumb-affiliated wallet. Address “rJyEK6” sent $101.3 million worth of XRP to the receiving wallet “rPyCQm,” marking the third withdrawal to the address.

Meanwhile, the newly created wallet didn’t stop its withdrawal, as Whale Alert shows it received its largest XRP on the day by 14:06 (UTC). Another Bithumb-related address, “rZcBQa,” sent a staggering 600,000,096 XRP ($304 million) to the wallet address.

At the time of writing, the “rPyCQm” address still holds all it has received from Bithumb. The wallet currently possesses 1.586 billion XRP worth $859 million.

Another Whale Moves 20M XRP to Bybit

Whale Alert also shows that another whale moved 20,000,000 XRP to Bybit an hour later. Data shows that the sending address “raQxZL” moved $10.2 million worth of XRP to a Bybit-tagged address “rMvCas” at 15.06 (UTC).

Notably, the sending address has been continuously moving XRP to Bybit recently. Bithomp data shows that the address transferred 10 million XRP to the exchange on November 4 and a previous 10 million XRP on November 1.

At the time of writing, the sending address still holds 386 million XRP, valued at $200 million. At the time of writing, XRP trades at $0.5374, up 5.44% in the past 24 hours.

Pundit Projects 100 Dormant XRP Could Be Worth $13,000,003 in 10 Years

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In a playful yet bold prediction, XRP community commentator “XRPee” recently offered a compelling view of XRP’s potential future value. 

The commentator painted a scenario where dormant XRP wallets could unlock holdings worth tens of millions of dollars.

Specifically, he envisioned a moment ten years from now when a popular tracking platform, Whale Alert, could draw attention to 100 XRP tokens reactivated from a dormant wallet, and those tokens would be worth $13,000,003 by that time.

This speculation takes inspiration from recent events in the Bitcoin community, where dormant BTC tokens, after decades of inactivity, come back into circulation. The tokens, which were often worth very little at the time of their last transaction, are now worth millions based on today’s prices.

For instance, just two weeks ago, a dormant wallet containing 50 BTC (now worth $3.7 million) moved for the first time on October 25, 2024, after 14.3 years of hibernation. Interestingly, the 50 BTC was worth just $2 at the time of its last activity in 2010.

This means the investor procured the assets at around $0.04 per token, and in 14 years, the unit value of Bitcoin has soared to $75,000. This resulted in an astonishing return on investment (ROI) of over 187,499,900%.

What if Something Similar Happens with XRP?

Remarkably, XRP is also relatively cheap today, with a price around $0.53. Essentially, XRPee speculates that something similarly remarkable could happen within the XRP ecosystem in the next decade. In this scenario, 100 XRP tokens worth just $53 today could be unlocked in 2034 at a value of $13 million.

XRPee on X
XRPee on X

This would imply an astounding unit value of $130,000 per XRP token in ten years’ time. The projected ROI from today’s value of XRP would be an extraordinary 24,528,201%.

Notably, the post by XRPee was both speculative and humorous, yet it tapped into the ongoing optimism within the XRP community about the cryptocurrency’s long-term potential. The projections reflect the hope many investors have for XRP despite the asset’s underperformance in recent years.

XRP has been trading for under $1 for the past three years and last reached an all-time high around seven years ago. Meanwhile, Bitcoin has surpassed previous cycle peaks twice, with a new peak now at $75K. In contrast, XRP remains around $0.53, much like it was last year.

Nevertheless, XRP proponents continue to hold out hope that XRP could one day be worth $100, $1,000, or even $10,000.

Coinbase CEO Reacts as 238 Pro-Crypto Candidates Lead in US Congress Elections

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The ongoing November 2024 U.S. elections have proven to be a turning point for the crypto industry, as pro-crypto candidates lead in Congress. 

This development has triggered optimism among crypto leaders, including Coinbase CEO Brian Armstrong. In a recent X post, Armstrong stressed the importance of the elections.

At present, pro-crypto candidates are outperforming their opponents in Congress. Data from the crypto-focused political action committee (PAC) Stand With Crypto reveals that 238 candidates supporting crypto currently lead in the elections, with 224 in the House of Representatives and 14 in the Senate. 

US Congress Results Stand With Crypto PAC
US Congress Results | Stand With Crypto PAC

In contrast, anti-crypto candidates hold a smaller share, with 115 leading positions, including 106 in the House and 9 in the Senate. Notably, these numbers suggest that crypto-friendly policies may soon gain more traction in Congress.

Coinbase CEO Reacts

Armstrong spotlighted these results, calling this Congress “America’s most pro-crypto” and highlighting the strong stance of American voters in favor of clear regulations for digital assets. 

He noted that voters across party lines showed strong support for the industry, indicating that both Republicans and Democrats increasingly recognize the potential of the crypto market. 

Armstrong also thanked supporters for rallying behind the crypto industry and highlighted his readiness to work with the new Congress on fostering clear, growth-oriented guidelines.

Crypto enthusiasts see the forthcoming favorable Congress as an opportunity to curb years of enforcement actions and regulatory ambiguity that have hindered the sector’s development. 

The crypto market has responded positively to these developments, with Bitcoin reaching a new all-time high above the $75,000 earlier today amid the promising election results, primarily led by Donald Trump’s lead in the presidential race.

Pro-Crypto Candidates Lead in US Congress

In Ohio’s Senate race, Bernie Moreno, a Republican who has voiced strong support for crypto, secured victory with 45.83% of the vote. 

However, in a disappointing twist for the community, notable anti-crypto candidate Elizabeth Warren won the Massachusetts Senate race with 37.08%, defeating John Deaton, a lawyer known for defending XRP holders in the Ripple vs. SEC case.

In Iowa’s 3rd Congressional District, Zach Nunn, another pro-crypto Republican, clinched a win with 50.78%. In Maryland’s Senate race, Democrat Angela Alsobrooks, who has shown moderate support for the crypto industry, also won her seat. 

Meanwhile, Republican candidates Eric Hovde in Wisconsin and Mike Rogers in Michigan are leading in their respective Senate races, with Hovde receiving 44.62% and Rogers holding a 37.59% lead.

Presidential Race

At the same time, the presidential race is also looking bullish for the crypto scene. With Republican candidate Donald Trump leading the election at 247 electoral votes compared to 214 for Democrat Kamala Harris, there is growing anticipation that a pro-crypto administration could emerge. 

A Trump victory is expected to reinforce the congressional gains, as most Republicans generally support cryptocurrency adoption. Should the pro-crypto candidates prevail, most expect the industry to benefit from a supportive legislative environment for the next four years.

ChatGPT, Google Gemini Predict Shiba Inu Price as BTC Makes New ATH on Expected Trump victory

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AI chatbots ChatGPT and Google Gemini provide Shiba Inu price predictions as Bitcoin hits a new ATH amid Donald Trump’s lead in the U.S. election.

Amid a rise in volatility, Bitcoin surged to a new all-time high earlier this morning. This spike coincides with the U.S. presidential election results, showing a lead for pro-crypto candidate Donald Trump.

According to data from the Associated Press, Trump currently holds 230 electoral votes and has accumulated 62.3 million votes, representing 51% of the total votes. Harris, trailing behind, has garnered 210 electoral votes with 58.1 million votes, capturing 47.6% of the cumulative vote share.

Shiba Inu Price Follows as Bitcoin Hits ATH

As Trump’s lead became apparent, Bitcoin rallied sharply to a peak of $75,011 before experiencing a slight correction. 

Despite retracing, it remains up by 8.17% over the past 24 hours, trading at $73,968. The rally has brought the entire crypto market into positive territory, with the global market capitalization increasing by 8.5% to reach $2.47 trillion.

In response to Bitcoin’s surge, Shiba Inu and other altcoins also posted gains. Shiba Inu price briefly climbed to $0.00001990 before facing a rejection but is still up 10% for the day, now trading at $0.00001911. 

The ongoing crypto bull run, driven by favorable market sentiment and Trump’s pro-crypto stance, has triggered speculation about potential price movements for Shiba Inu and other assets. Experts anticipate this bull run could last into late 2025, allowing for more gains across the market.

Given the bullish sentiment, both OpenAI’s ChatGPT and Google’s Gemini have provided hypothetical projections on where Shiba Inu might head if the trend continues. 

ChatGPT’s Hypothetical Shiba Inu Price Scenarios

ChatGPT’s predictions outline three potential scenarios for SHIB’s price during the ongoing bull run, each based on different levels of market strength and investor enthusiasm.

In a modest growth scenario, ChatGPT suggests that if SHIB follows a conservative growth trend, it could increase 5-10 times from its current price. This would bring its value to a range between $0.00009555 and $0.0001911.

ChatGPT Shiba Inu Price Prediction
ChatGPT Shiba Inu Price Prediction

Meanwhile, ChatGPT sees SHIB rising 15-20 times its present value in a more optimistic bull run. This would place the price range at approximately $0.00028665 to $0.0003822. 

The AI chatbot also predicts Shiba Inu price during a highly favorable market. It expects a 30x multiplier. This scenario could push the Shiba Inu price to $0.0005733 or higher. However, this prediction assumes optimal market conditions and heightened demand for Shiba Inu.

Google Gemini’s Price Target Based on Market Cap Potential

Google’s Gemini presented a more structured approach to Shiba Inu price, basing its calculations on a possible increase in Shiba Inu’s market cap. 

Gemini assumes that SHIB’s market cap might reach $100 billion by the end of 2025. Commentaries around this market cap have prevailed in the community in recent times.

Google Gemini Shiba Inu Price Prediction
Google Gemini Shiba Inu Price Prediction

Gemini presents a Shiba Inu circulating supply of one quadrillion tokens. This would set SHIB’s hypothetical target price at $0.0001 by late 2025. However, the chatbot noted that this price estimate is highly speculative and is not a guarantee.

Nonetheless, data confirms that Shiba Inu’s circulating supply currently sits at 589 trillion tokens and not 1 quadrillion as presented by Gemini. At this supply, the $100 billion market cap would lead to a Shiba Inu price of $0.0001697.

Bitcoin Hits New All-Time High, Surges Above $75,000 

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Donald Trump’s early lead in the U.S. election drives Bitcoin (BTC), the world’s largest cryptocurrency by market cap, to a new all-time high (ATH) above $75,000.  

Prior to Bitcoin’s surge above the $75,000 mark, the Crypto Basic confirmed earlier that the pioneering crypto asset had hit a record high of $74,512, surpassing the previous March peak around $73,700.

Interestingly, following this disclosure, Bitcoin surged further, setting a new all-time high (ATH) of $75,011 earlier this morning. This comes after its price soared by 5.4% in the past three hours. 

Donald Trump’s Early Lead Drives Bitcoin Price Upward 

Bitcoin’s recent surge is fueled by the election result in the United States, with pro-crypto presidential candidate Donald Trump securing an early lead. Data from Associated Press shows that Trump has secured 230 electoral votes while his opponent Kamala Harris boasts 210 votes. 

Consequently, the broader crypto market has been reacting positively to the election result, with Bitcoin eventually setting a new all-time high. Santiment, a social and market intelligence platform, pointed out that investors’ reactions to the election result created a high level of FOMO (Fear of Missing Out) in the market. 

Investors Remain Bullish 

Currently, investors are bullish on the firstborn crypto asset, as reflected in the comments across social media platforms like X, Telegram, and Reddit. According to Santiment, approximately 5.5 positive comments counter every negative remark against Bitcoin. 

Santiment suggested that the bullish attitude toward Bitcoin could lead to high volatility in the market. It added that this sentiment would continue influencing Bitcoin’s price until the election is fully decided. 

At press time, Bitcoin is trading at $74,492, reflecting a 24-hour gain of 9.3% and a 7-day increase of 2.21%. Bitcoin’s market cap has surged to $1.46 trillion, with the premier asset boasting a dominance of 60.3%.