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Best Alt Coin Presales: Finding The 5 Top Gainers For 2024

Esra Zuhal
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Best Alt Coin Presales: Finding The 5 Top Gainers For 2024

Cryptocurrency is the most trending topic of the current era. This dynamic industry is going through a massive bull run this year. Crypto investors are a single coin away from converting their funds into a fortune. Humans don’t have the patience to wait for the right time to do the right things. Thus, a single wrong entry can sweep away all that you have. To avoid potential risks and make maximum profits, it is essential to research altcoins in detail and take advantage of presale events. This article lists the best alt coin presales with a potential for 20x gains in this ever-expanding industry.

Finding The Top Gaining Best Alt Coin Presale In 2024

Selecting the best alt coin presales should be based on criteria like the credibility of the project team, protocol security, user base, adoption rate, and market trends. Here is a list of the five best projects that might interest investors.

  1. 5thScape (5SCAPE)
  2. DarkLume (DLUME) 
  3. Bitcoin Minetrix (BTCMTX)
  4. Cerra (CERRA)
  5. Cardano (ADA)

Best Alt Coin Presales In 2024 – In-Depth Analysis

Let’s analyze the above-listed altcoins that may represent the best prospects for resource reallocation in 2024.

  • 5thScape (5SCAPE) – Virtual Hub For All Your Gaming Needs

Investors may find the 5thScape project pretty alluring and exciting. The project is a hub for virtual content, ranging from VR movies to educational content. The landscape offers great gaming titles, which will be released by the end of 2024. 

Exclusive VR headsets and SwiftScape gaming chairs are attractive for players to experience immersive reality. These gears are made available with 5SCAPE tokens during the crypto presales. As the VR market flourishes, 5thScape will gain momentum and give good returns.

Click here to read 5thScape Whitepaper

  • DarkLume (DLUME) – The Epitome Of Luxury And Sophistication In VR Space

Crypto presales are much anticipated events for early adopters. Driven by its exclusive concept and distinctive marketing campaigns, the DarkLume token DLUME will soar post-launch. The luxurious landscape resonates with the needs of modern people and creates a dynamic investor base. DarkLume has a robust roadmap and a well-written whitepaper that attracts financiers to its presale event.

The development of the project is spanned across three phases:

  • Phase 1: The launch of DarkLume Metaverse and its crypto presale will occur here.
  • Phase 2: The second phase plans to expand the metaverse by adding new districts and islands, creating new investment options, and introducing unique socializing tools.
  • Phase 3: Refine the landscape to increase user acceptance and introduce interesting activities to the realm.

Stay tuned and follow DarkLume’s social media handles for more updates on its launch dates.

Click here to read DarkLume Whitepaper

  • Bitcoin Minetrix (BTCMTX) – Stake-To-Mine Token For Eco-Friendly Crypto Trading

Bitcoin Minetrix is the most trending crypto that addresses the concern revolving around high energy consumption in the Bitcoin mining process. Its one-of-a-kind stake-to-mine mechanism allows token holders to stake their BTCMTX coins in lieu of mining credits, which can be exchanged to obtain mining revenue. This consensus claims to reduce energy utilization. The alt coin has garnered over $10 million within a few weeks of its presale launch. The startup doesn’t require large upfront payments or the setting up of large mining units. You can stake and mine from the comfort of your homes.

  • Cerra (CERRA) – Peer-To-Peer Lending Platform On Cardano Blockchain

The financial sector is booming, with different innovative altcoins released every year. Cerra is a peer-to-peer lending platform built on the Cardano blockchain that has the potential to redefine the decentralized financial kingdom. 

The commitment to progress and experienced tenure make Cerra a leader in the decentralized realm to earn passive income. Cerra uses third party audits to regulate its security protocols. The Automated Market Maker (AMM) Swap System makes transactions cost-effective and provides a share of its profit to the CERRA token holders. Cerra plans to broaden its scope to centralized finances after the projects successfully adopt DeFi space.

Four Tips To Invest In Cryptocurrency Safely

The cryptocurrency market is a high-risk realm where investors can go from rags to riches and vice versa. We share four useful tips that will make your crypto journey resourceful and avoid potential losses.

  • Understanding The Market: Analyzing cryptocurrencies in-depth and understanding their market potential is very important. Before investing, analyze the risk-benefit ratio.
  • Use Renowned Exchange Platforms: Trading cryptos from legit exchanges will protect you from fraudulent episodes and theft.
  • Crypto Storage: Like real money, you need to keep your crypto coins safe in a wallet. Investing in a secure crypto wallet is the best way to stay away from thefts.
  • Diversification Of Funds: Diversifying your resources helps mitigate risks and result in overall profit in your portfolio. Opt for altcoins from different segments to get good returns.

Final Reflections – Five Best Alt Coin Presales In 2024

Altcoins bring great opportunities for investors. The current crypto space is a world of surprises, excitement, and a profit-making hub. Investors are rushing in to take advantage of the bullish trajectory in the cryptocurrency market in 2024. The best time to invest in cryptocurrencies is during the presale event. Though the projects are fresh, they give you a sense of security and assurance to rise post-launch. DarkLume is one-of-its-kind metaverse which generates passive earnings through social interactions. Buy DLUME tokens at minimum presale prices to get higher rewards.

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

British Red Cross Now Accepting Bitcoin, Shiba Inu, XRP

Abdulkarim Abdulwahab
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British Red Cross Now Accepting Bitcoin, Shiba Inu, XRP

British Red Cross, a global humanitarian charity organization, has disclosed its endorsement of donations in cryptocurrencies like Bitcoin, Shiba Inu, and XRP.

In a post on its official X handle on May 30, the organization solicited donations from the online community, emphasizing that humanity takes precedence in any crisis. The British Red Cross reiterated its commitment to neutrality and impartiality in aiding people regardless of their identity or location. 

The embedded image in the post visibly states the organization now accepts contributions in cryptocurrency.

Donating BTC, Shiba Inu, XRP to the British Red Cross

Notably, the British Red Cross has a dedicated portal for crypto donations, allowing holders to contribute to various charitable efforts. It includes crisis regions like Palestine and Israel, as well as general emergencies caused by natural disasters.

The organization requires accurate donor information as it does not support anonymous contributions. Crypto donations under $5,000 require no screening beyond this. However, donations above $5,000 must go through another dedicated channel for ethical screening.

Furthermore, The Giving Block, which processes these crypto donations, charges a fee of up to 3.9% for contributions below $25,000. Donations between $25,000 and $100,000 incur a 2.9% fee, and 1.9% applies to donations between $100,000 and $1 million. Contributions exceeding $1 million are subject to a 1% fee.

The platform supports various cryptocurrencies, including prominent ones like Bitcoin (BTC), Shiba Inu (SHIB), XRP, Dogecoin, Ethereum, and several stablecoins.

British Red Cross accceping crypto
British Red Cross accepting crypto
BRC XRP
BRC XRP

Other Charities Accepting Crypto

In response to a query in 2022, the British Red Cross confirmed they did not support cryptocurrency donations at the time. However, reports indicate that the organization likely began accepting crypto donations in the last quarter of 2023. Around the same time, the Singapore Red Cross also started accepting cryptocurrency donations.

In contrast, the American Red Cross has been accepting crypto donations for nearly a decade. According to an official press statement on November 26, 2014, the American Red Cross processes crypto contributions via the payment processor BitPay.

It is worth noting that funds donated in crypto do not directly reach the British Red Cross. Instead, The Giving Block converts all cryptocurrency donations into USD instantly and transfers the funds to the British Red Cross on a weekly basis.

Shiba Inu: BONE Listing Confirmed by Top Indonesia Exchange 

Lele Jima
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Shiba Inu: BONE Listing Confirmed by Top Indonesia Exchange 

Popular Indonesia trading platform Triv Exchange announces the listing of Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange. 

Following the listing, Triv emphasized that users can deposit and withdraw BONE via the Ethereum network. Despite opening BONE deposits and withdrawals, the token has not commenced trading on the exchange in the hours leading up to press time. Also, Triv did not reveal when trading will officially begin. 

In addition to BONE, Triv added support for two other tokens, Bitget Wallet Token (BWB) and Bitget Token (BGB). 

In a follow-up post, the top Indonesian-based exchange also provided details about the three tokens. According to the data, BONE has a total supply of 250 million tokens, ranking as the 384th largest crypto by market cap.  

Shiba Inu Team Reacts 

The announcement has garnered significant attention within the Shiba Inu community after the cryptocurrency marketer , Lucie, highlighted it in an X post today. 

Although Triv has not yet opened BONE trading, the listing would enhance the token’s visibility and adoption across the crypto market. 

Launched in 2015, Triv is a prominent exchange that allows millions of users to trade digital assets like cryptos and stocks. The exchange claims to be licensed by Indonesia’s Commodity Futures Trading Agency (Bappebti). At the moment, it supports over 200 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Book of Meme (BOME), and Shiba Inu (SHIB). 

BONE Soars 1.05% in 24 Hours 

Meanwhile, BONE has soared 1.05% to $0.5543 over the past 24 hours. The ShibaSwap governance token has had a fair share of the recent market volatility, fluctuating between $0.539 and $0.5573 over the past day. 

Since its launch in July 2021, BONE has been listed on multiple exchanges, including OKX, Gate.io, MEXC, Bitget, HTX, and INDODAX. Despite having a successful stint on top trading platforms, Shiba Inu community members are pushing for BONE’s listing on Tier-1 exchanges, like Binance and Coinbase. 

This has prompted the community to petition both platforms, urging them to list BONE. The campaign has not yielded any positive results. However, the community remains optimistic about BONE’s potential listing on these two exchanges. 

Bernstein Predicts Timeline for Bitcoin to Hit $1 Million 

Sam Wisdom Raphael
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Bernstein Predicts Timeline for Bitcoin to Hit $1 Million 

Analysts at leading asset management firm Bernstein project Bitcoin (BTC) to reach $1 million by 2033 during a coverage of MicroStrategy stock.

Despite the ongoing market uncertainty, the long-term outlook for Bitcoin remains increasingly bullish, as evidenced in recent projections from Bernstein, one of America’s largest asset managers, with $759 billion in assets under management (AUM), per latest readings.

Bernstein Assesses MicroStrategy

This bullish projection comes as Bernstein analysts present a coverage of MicroStrategy, rating it “outperform” and predicting the firm’s stock (MSTR) to hit a target of $2,890. This represents a 94% increase from MSTR’s current value of $1,483 from the previous market session’s close.

According to the analysts, MicroStrategy has ample time to profit from what they perceive would be a bullish phase for Bitcoin. This is due to the software company’s exposure to Bitcoin, with 214,400 BTC currently worth $14.42 billion in its balance sheet. 

With over 1% of the entire BTC supply in its bag, MicroStrategy is one of the largest institutional holders of BTC. Despite its substantial holdings, the company, led by its chairman and Bitcoin bull Michael Saylor, is looking to procure more Bitcoin tokens with a recent $500 million bond offering. 

Due to its large exposure, a rapid surge in the price of Bitcoin would lead to higher gains for the company. At the reporting time, MicroStrategy holds an unrealized profit of about $7 billion for its Bitcoin bet. This figure would see an increase if BTC spikes beyond this current level, and Bernstein analysts expect this spike to be monumental.

Bitcoin to $1 Million by 2033

Recall that shortly after Bitcoin clinched a new all-time high above $72,000 in March, analysts at Bernstein disclosed that they are now “convinced” the premier crypto asset could hit $150,000. In the latest report, they have now reviewed this target to $200,000 for the ongoing cycle. 

This contrasts sentiments from market veteran Peter Brandt, who says BTC might have already peaked for this cycle. Brandt’s outlook has shifted from bullish to bearish, with the analyst discussing the possibility of a further BTC price drop to $48,000.

Meanwhile, Bernstein analysts expect the $200,000 target to materialize by next year. According to them, the recent review was due to an unexpectedly high demand for spot Bitcoin ETFs. These products have seen a monumental $15.3 billion in positive netflows since January despite the sustained outflows from the Grayscale Bitcoin Trust (GBTC).

In addition to the $200,000 price target for 2025, Bernstein also predicts Bitcoin to reach $500,000 five years from now, in 2025, marking a 5-year growth of 644%. Moreover, the analysts also project a $1 million price target for Bitcoin by 2033. Should it occur, this would represent a 1,388% price surge in price within nine years, as BTC currently trades for $67,200.

Daily Shiba Inu Close Above this Level Could Lead to $0.000075: Top Analyst

Sam Wisdom Raphael
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Daily Shiba Inu Close Above this Level Could Lead to $0.000075: Top Analyst

Pseudonymous market analyst Mehrhpm believes Shiba Inu could record a massive price surge toward the $0.000075 level if it can record a daily close above $0.000026.

The chartist disclosed this in a recent analysis on TradingView, stressing that this commentary represents his personal opinion on Shiba Inu’s price prospects. This latest report comes at a time when SHIB is facing mounting pressure from the bears due to a broader market collapse.

Since reaching a high of $0.00002633 on June 5, Shiba Inu has been witnessing price declines. This is partly due to a downtrend in the larger crypto market and a drop in accumulation among key holders. At the current price below $0.000022, SHIB is down by more than 17% from the $0.00002633 high.

Shiba Inu Must Close Above $0.000026

The ongoing turbulence has put investors on edge, but most market analysts remain unfazed. One such analyst is Mehrhpm, who personally sees an imminent recovery. To him, the $0.000026 price level is pivotal for this recovery push. The last time Shiba Inu saw this price zone was on June 6, as it dropped from the June 5 high of $0.00002633. 

Interestingly, SHIB does not only need to reclaim $0.000026, but must also secure a daily close above the crucial price territory. In his opinion, Mehrhpm sees Shiba Inu recording a 3x to 4x price increase after such a bullish close, potentially pushing its value to a new yearly peak at $0.000075 or higher ground.

Shiba Inu Daily Chart
Shiba Inu Daily Chart | Mehrhpm

Meanwhile, another TradingView analyst, Bithereum, recently noted that SHIB currently sits at a major support zone around the $0.000021 level. He stressed that a rebound from this level is highly probable. Nonetheless, Bithereum did not rule out the possibility of a steeper decline, which could lead to a lower support at the 200-day MA ($0.00001830).

However, should Shiba Inu defend the $0.000021 support and eventually witness a price surge, Bithereum sets multiple targets for the uptrend, stationed at $0.00002757, $0.00003184, $0.00003712 and then the yearly high of $0.00004567. A push to this level would help Shiba Inu recover the losses incurred since March 5.

Bullish Prospects

Interestingly, Shiba Inu’s Relative Strength Index (RSI), currently sitting at 39.62, suggests that SHIB is close to undervalued regions and could be due for a price rebound once it breaks above its multi-month symmetrical triangle. Nonetheless, with the Accumulation/Distribution metric currently ranging, the market remains indecisive.

Shiba Inu Metrics
Shiba Inu Metrics

Despite this trend, it appears Shiba Inu is witnessing a dominance of market bulls, according to IntoTheBlock (ITB) data. The chart below confirms that SHIB has been seeing more buys than sells, with the former overcoming the latter by 170 billion tokens on June 12. Over the last week, Shiba Inu has seen 172 large buyers and 168 large sellers.

SHIB Bulls and Bears IntoTheBlock
SHIB Bulls and Bears | IntoTheBlock

Cardano Price, Revenue, Active Addresses, Transactions Rise in Q1 2024: Messari 

Lele Jima
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Cardano Price, Revenue, Active Addresses, Transactions Rise in Q1 2024: Messari 

Cardano records significant growth in price, circulating market cap, revenue, average daily active addresses, and transactions in the first quarter of 2024. 

Prominent crypto analytic firm Messari disclosed this in a recent report titled “State of Cardano Q1 2024.” According to the data, the Cardano ecosystem saw immense growth in key metrics in the first quarter of 2024 compared to the previous quarter, Q4 2023. 

ADA Price and Circulating Market Cap  

Messari’s data confirmed that Cardano’s native token, ADA, ended Q1 2024 with a price of $0.64, marking an increase of 7% from the value recorded at the end of Q4 2023.

It is worth noting that ADA saw a higher appreciation in Q4 2023 following a 137.2% increase Quarter-over-Quarter (QoQ) to $0.60. However, ADA could not replicate a similar feat in Q1 2024, despite a general uptrend in the quarter. 

In addition, ADA’s circulating market supply also saw a similar increase in Q1 2024. As of March 31, 2024, ADA’s circulating market cap stood at $22.7 billion, representing a 7.5% increase from the Q4 2023 figure. Messari noted that the disparity in the growth rate witnessed in the price and circulating market supply was due to a 0.4% increase in ADA’s circulating supply. 

Cardano Revenue 

The increase in ADA’s price in Q1 led to a massive surge in the USD equivalent of Cardano’s revenue. Messari highlighted that Cardano’s revenue in USD spiked 44% QoQ to $1.32 million. In contrast, Cardano’s revenue in ADA only increased by 3% QoQ to 2.23 million. 

This disparity is because ADA’s price surged tremendously at different times in Q1 2024, hitting $0.75 twice in March.   

Average Daily Active Addresses and Transactions 

According to the data, while Cardano’s daily active addresses soared 13.8% QoQ to 47,500 in Q1 2024, the daily transactions only increased 5.9% to 70,900 in the same timeframe. 

This marked the first time the ratio of transactions to active addresses decreased over the past five quarters. Such a decline indicates a rise in activity spread among users. 

Furthermore, the Cardano ecosystem also witnessed growth in NFT volume in the previous quarter. Although NFT transactions plunged 34.9% to 1,700 in Q1 2024, overall volume saw a quarterly increase of 6.6% to $430,000. 

Cardano Lags in Other DeFi Metrics 

While Cardano recorded a spike in key metrics like price and daily active addresses, the ecosystem lagged in other aspects, especially decentralized finance (DeFi). 

Messari pointed out that the average daily dApp transactions declined 6.5% to 45,800 in the first quarter of 2024 compared to Q4 2023. The firm attributed the decline to Minswap’s performance in Q4 2023 and Q1 2024, respectively. Notably, Minswap saw a larger surge in transaction volume in Q4 2023 compared to Q1 2024. 

This also affected Cardano’s total value locked (TVL) in Q1 2024, as the metric plunged 2.2% QoQ to $394 million. 

Here are Shiba Inu Prices at Which $1K, $5K or $10K Worth of SHIB Will be Worth $1M

Sam Wisdom Raphael
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Here are Shiba Inu Prices at Which $1K, $5K or $10K Worth of SHIB Will be Worth $1M

Market participants with Shiba Inu balances worth $1,000, $5,000, or $10,000 could witness their investments surge to $1 million if SHIB reaches some lofty price targets.

The crypto market presents multiple opportunities for investors to transform modest investments into million-dollar fortunes. Shiba Inu was one of the crypto assets that brought this opportunity, yielding $1 million with a mere $12 investment within a year in 2021. 

The Crypto Basic confirmed last week that at its current value, Shiba Inu has erased five leading zeros from its price since launch. Notably, the market assessment emphasized that SHIB had gained by 2,594,550% from its launch price. For context, a $100 investment at launch would be worth $2.59 million at current prices. 

SHIB Investors Remain Optimistic

Shiba Inu’s historical performance is one of the driving forces behind its robust user base and vibrant community. Some market participants who missed out on the previous opportunity are looking forward to seeing a similar performance during this bull run or the next.

This anticipation has been buoyed by multiple projections of lofty price targets around Shiba Inu. For instance, Bitcoin proponent Jason Williams predicted earlier this month that SHIB could spike 193,774% to hit $0.05. In addition, Shiba Inu community figure and analyst SHIB Knight set a $0.0001 price target for the dog-themed crypto this month. 

Amid these projections, whale and shark addresses have continued to augment their holdings. One investor recently procured 323 billion tokens after two years of dormancy. The Crypto Basic also revealed last month that whales had purchased 4.35 trillion Shiba Inu tokens since March. 

Prices at Which $1K, $5K, and $10K in Shiba Inu Will Hit $1M

Considering these developments, we evaluated how much Shiba Inu would need to grow to take certain investments, including those worth $1,000, $5,000, and $10,000 toward the $1 million mark. 

Investors holding $1,000 worth of Shiba Inu are currently sitting on 42,535,091 (42.5 million) tokens at current prices. For these 42.5 million tokens to reach a worth of $1 million, SHIB must rise to $0.0235, erasing three leading zeros amid a 99,875% surge. Changelly predicts Shiba Inu to reach the $0.02 level in December 2050.

Those with balances worth $5,000 possess 212,585,034 (212.58 million) SHIB. These assets’ worth will reach $1 million at a Shiba Inu price of $0.004704, a 19,882% increase from the current value. ChatGPT previously assessed the possibility of investors attaining millionaire status if SHIB reaches the $0.004 price threshold.

Meanwhile, $10,000 worth of Shiba Inu currently translates to 425,170,068 (425 million) tokens. Market participants with such a balance would see their portfolio reach $1 million if SHIB hits $0.002352. Analysts at crypto exchange Telegaon expect Shiba Inu to reach the $0.002 level between 2033 and 2040.

Expert Says Shiba Inu Will Make You Money, Projects Timeline for SHIB Peak

Abdulkarim Abdulwahab
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0
Expert Says Shiba Inu Will Make You Money, Projects Timeline for SHIB Peak

Rafaela Rigo, a prominent crypto educator, has identified Shiba Inu as a money-making coin to buy for this bull market.

The trader issued this bold claim in an update on X, pinpointing 15 crypto assets she believes can deliver commendable profit for investors. The list featured emerging crypto projects and established players like Dogecoin (DOGE), SHIB, Hedera (HBAR), and Near Protocol.

SHIB’s Potential to Make You Money 

According to the market watcher, these tokens are in crucial support levels, where accumulation is advised. Rigo expressed confidence that Shiba Inu, along with other listed assets, could hit a cycle peak by February 25.

Rigo’s confidence in Shiba Inu’s potential as a money-making asset is widely shared in the crypto community. Market watchers have frequently urged retail investors to seize the opportunity to buy SHIB at its current low price, anticipating a repeat of its past performance.

Investors who bought Shiba Inu when it had five leading zeros in the last week of February are still enjoying significant profits despite multiple price corrections since the yearly peak of $0.000045 in March. While the community eagerly awaits a resurgence, Bitcoin’s performance has continued to delay it.

In this latest call to buy SHIB, the crypto educator did not provide a specific target SHIB enthusiasts can look out for by February 2025. Meanwhile, in an earlier update, Rigo posted a chart anticipating a more near-term surge that elevates Shiba Inu to $0.00004988. 

This suggests the crypto educator anticipates a more ambitious threshold for Shiba Inu by next year. As a result, the analyst conveyed that those accumulating SHIB now, at around $0.00002165, are likely to profit in the coming weeks.

More Shiba Inu Buying Zones to Watch

Analyst SHIB Knight shares this sentiment. In a similar update, he noted that Shiba Inu is in a buying zone based on weekly candle patterns. While SHIB traded at $0.00002307 at the time, he acknowledged the possibility of a further dip, which has since occurred.

Shiba Inu’s price has dropped to $0.00002101 in the last 24 hours, only slightly recovering by 0.15% at press time.

The chart accompanying SHIB Knight’s analysis even suggested a potential drop to $0.00001859. While this decline could impact current holders who bought at higher prices, market watchers are confident that purchasing at the projected bottom values would be a prudent decision in hindsight.

Another XRP Glitch Pops up on Leading Exchange

Sam Wisdom Raphael
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0
Another XRP Glitch Pops up on Leading Exchange

The XRP community has witnessed yet another XRP glitch on leading crypto exchange Crypto.com, but this instance features a rendition issue rather than a price error.

This glitch was uncovered amid the ongoing market struggles. The crypto market has been stuck in a bearish consolidation phase, with XRP also caught in the middle of the battle between the bears and the bulls. XRP has since relinquished the psychological $0.50 price territory, breaching below this pivotal support during the latest market downturn.

With XRP now changing hands at the $0.47 price region, it would need a decisive market uptrend to again flip $0.50 into support. During turbulent times like this, some XRP proponents find solace in projections of price breakouts, with a few of these predictions pointing to audacious values such as $27 and $66.

Most of these analyses suggest that XRP is highly undervalued, having suffered from years of price suppression. Citing this theory, some community members point to recurrent XRP price glitches as a testament to the assertion that the current price level is not XRP’s fair value.

XRP Glitch Observed on Crypto.com

However, the latest glitch deviates from the usual pattern. Most recently, Edoardo Farina, prominent XRP community figure and XRP Healthcare’s Head of Social Adoption, called attention to a glitch on the Crypto.com exchange affecting XRP.

Nonetheless, this glitch did not affect the asset’s price, as it traded for the normal market value of €0.45 ($0.48) at the time. Instead, the glitch involved an issue with the rendition of XRP’s ticker at the top of Crypto.com’s XRP market page. As a result, users observed “<|:style1>XRP</|:style1>”  rather than the usual symbol.

Notably, this issue was likely due to a rendering or encoding problem, possibly caused by an error in the HTML, CSS, or JavaScript that processes and displays the ticker symbol, or a bug in the templating engine or backend system that generates the page content.

However, the issue was a minor coding bug and did not impact any trading activity or market data. Despite how irrelevant the glitch was, the XRP community spotlighted it, as several proponents continue to ponder why these issues mostly impact XRP. At the reporting time, the Crypto.com team has resolved the issue.

XRP Market Page CryptoCom
XRP Market Page | CryptoCom

Previous XRP Glitches

As earlier stated, the latest glitch deviates from the usual pattern, which typically involves changes in prices.

For instance, XRP spiked to $70 on Atlantis, a lesser-known exchange, in March. In addition, last October, the XRP community discovered price glitches on CoinMarketCap that put XRP at $34,602 at a time when its actual value was $0.56.

In another notable case, XRP witnessed a price surge to $50 on Gemini last August shortly after the U.S.-based trading platform listed it for the first time. This occurrence, which was due to low liquidity and a dried-up order book, saw XRP spike by as much as 7,836% from its price at the time.

Shiba Inu Users Can Now Pay for Food Delivery Orders with SHIB

Lele Jima
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0
Shiba Inu Users Can Now Pay for Food Delivery Orders with SHIB

Popular cutting-edge web3 food ordering and delivery marketplace DevourGO now accepts Shiba Inu (SHIB) as a payment method. 

The company revealed this in a recent X post yesterday, noting that it will support SHIB payments through an integration with Coinbase Commerce. To further illustrate its support for Shiba Inu, DevourGO said it paid for a web3 food delivery with SHIB, asking:  

“Was this the first food delivery order paid for with SHIB?” 

Although it is unclear whether DevourGO’s payment marks the inaugural use of SHIB for food delivery orders, the development ignited excitement within the Shiba Inu community. 

DevourGO Integrates with Coinbase Commerce 

This development follows DevourGO’s integration with Coinbase Commerce, which allows users to pay for food delivery through their Coinbase accounts. 

DevourGO shared a four-step guide on how customers can pay for food delivery with crypto via their Coinbase accounts. The steps include placing the food order on DevourGO, selecting ‘Pay with Coinbase’ at checkout, authorizing the transaction via the Coinbase account or wallet, and waiting for confirmation. 

Commenting on the significance of the integration, DevourGO CEO Shelly Rupel said the move allows crypto users to enjoy food deliveries.

Shiba Inu Enjoys Growing Acceptance 

Meanwhile, the development also underscores the growing acceptance of Shiba Inu as a payment method, which is pioneered by top crypto payment processing firms like BitPay, Binance, and Coinbase. 

Shiba Inu’s acceptance as a payment method has helped transition the token from a memecoin into a utility asset. The growing adoption of Shiba Inu could potentially drive SHIB’s demand and value in the long term. 

In the meantime, the price of Shiba Inu did not react positively to news of DevourGO’s acceptance of SHIB. The dog-themed token remains plagued with the bloodbath across the broader crypto market. Currently, SHIB is trading at $0.00002157, with daily and weekly losses amounting to 0.78% and 14.76%, respectively. 

Besides Shiba Inu, other crypto assets, including Solana (SOL) and XRP (XRP), have recently witnessed massive price declines. 

Nonetheless, Shiba Inu enthusiasts have remained confident in a potential recovery, especially as the token continues to receive support from prominent entities. 

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