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Shiba Inu Lead Teases Launch of ShibaSwap 1.75

Shiba Inu lead developer Shytoshi Kusama has teased the arrival of ShibaSwap 1.75 ahead of the much-awaited ShibaSwap 2.0.

Kusama recently engaged with community members via the Shibarium Tech group on Telegram, where he disclosed the latest endeavor. 

Shiba Inu Lead Making New Frens Before ShibaSwap Upgrade

In particular, on April 20, the Shiba Inu lead developer took to Telegram to reveal that he was in discussion with someone of significant importance about matters related to SHIB.

He encouraged community members to extend a hearty welcome to this individual with a “warm woof.” Expectedly, the Shiba Inu community obliged this request.

During subsequent interactions, community member Karn asked Kusama to provide an update concerning the unveiling of ShibaSwap 2.0. In response, the Shiba Inu ecosystem leader disclosed that ShibaSwap 2.0 is coming “Pretty Soon.” 

However, he revealed that ShibaSwap 1.75 would precede the much-anticipated ShibaSwap 2.0. Moreover, Kusama noted his latest move to make new friends or collaborators aligned with efforts to launch the updated ShibaSwap. “[ShibaSwap 2.0] is when the fun begins. But I had to make new frens first,” Kusama remarked.

Community member Jolt took to X to spotlight these latest remarks on the forthcoming launch of the much-anticipated ShibaSwap upgrade.

ShibaSwap 1.75 and 2.0

Significantly, ShibaSwap is a Web3 dApp and the Shiba Inu ecosystem’s decentralized exchange. The Shiba Inu DEX debuted in July 2021, facilitating the trading and staking of ecosystem tokens BONE, SHIB, and LEASH. 

Since its inception, ShibaSwap has garnered considerable attention owing to its robust offering.  In January 2023, blockchain security CertiK firm ranked ShibaSwap top among other DEX platforms such as PanckeSwap and 1inch Network.

Amid its success, the Shiba Inu team recognized potential areas for enhancement within the DEX. This prompted the conception of ShibaSwap 2.0 in 2023.

One of the anticipated features of ShibaSwap 2.0 is its evolution beyond a mere token swap platform to encompass a crypto portal. This portal will serve as a hub for accessing crypto statistics, charts, news, and trends.

Moreover, ShibaSwap 2.0 will introduce fresh and enhanced designs as part of its rollout. However, with the Shiba Inu leader’s latest commentary, the SHIB Army will likely welcome ShibaSwap 1.75 before 2.0.

Shiba Inu L2 Blockchain Shibarium Suffers Temporary Network Outage

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Shibarium, the official layer-2 blockchain of the Shiba Inu ecosystem, suffered a temporary network outage that impacted its performance over the weekend.

Kaal Dhairya, a prominent developer within the Shiba Inu ecosystem, provided an update about the development today.

Shibarium Validators Experience Networking Issues

According to Dhairya, the outage stemmed from networking issues among Shibarium validators. For context, validators are entities responsible for confirming transactions on Shibarium and maintaining the network’s integrity.

The issue, which lasted several hours, has been resolved. However, some Shibarium-related services, including Shibariumscan, the network’s official block explorer, and external RPCs (Remote Procedure Calls), are still experiencing downtime.

The Shibarium developer disclosed that these services would continue to experience downtime until some crucial steps are implemented. In the meantime, Dhairya has asked all external developers working on the infrastructure aspects of Shibarium to contact him to coordinate communication through shared Telegram/Slack channels.

Shibarium Latest Feat

The development comes days after the L2 network saw a massive surge in daily account growth. As reported earlier, Shibarium witnessed a spike in account creation on April 13, with 13,314 new accounts joining the network in a day.

Following the influx, Shibarium’s total accounts surpassed the 100K threshold, with the figure currently standing at 102,303. Notably, the daily increase represents the highest daily account growth the network has witnessed since its debut in August 2023.

Prior Network Outage

This is not the first network outage Shibarium has suffered since its inception. Shortly after its launch in August 2023, Shibarium encountered a major technical issue that caused its mainnet RPC to go offline.

As a result, Shibarium entered into private mode as developers worked round the clock to resolve the issue. After two weeks of intensive scaling, Shibarium relaunched on the mainnet and has remained operational ever since.

Daily Transactions Dip Amid Network Outage

Meanwhile, data from Shibariumscan shows that the L2 blockchain has processed 417,354,954 (417.35 million) transactions since its debut. Additionally, Shibarium also boasts 1.78 million addresses, with over 4.32 million blocks minted so far.

However, Shibarium’s daily transaction count has plunged heavily over the past few days. The figure, which soared to nearly one million on April 15, currently stands at 10,040.

Shibarium new stat
Shibarium new stat

It is unclear whether the slump in Shibarium’s daily transaction count was caused by the network outage or the massive turbulence across the broader market.

Shiba Inu Sets Sail for $0.00003946 Following Falling Wedge Breach

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Shiba Inu is now looking to push toward the $0.00003946 price level after it recently breached above a multi-week falling wedge on the 4-hour chart.

The broader cryptocurrency market is now on a rebound, with several assets aiming to recover the losses of the past two weeks. Shiba Inu is one such asset, having suffered a 44% crash from the $0.00003285 high on March 28 to a 6-week low of $0.00001830 on April 13.

Shiba Inu traded in a consolidation after a mild recovery from the $0.00001830 low, ranging between $0.00002383 and $0.00002083 from April 14 to 19. However, SHIB recorded an impressive comeback on the back of the latest Bitcoin halving, which occurred at 12:09 AM (UTC) on April 20.

Shiba Inu in a Falling Wedge 

SHIB witnessed a massive 14.43% gain on April 20, conquering the $0.000025 resistance and breaching above the 50-day EMA ($0.00002454). Interestingly, Ak47, a crypto analyst and Binance Square creator, observed a notable pattern amid the recent price movements in the Shiba Inu 4-hour timeframe.

Data from her chart confirms that Shiba Inu has been trading within a falling wedge since it dropped from the $0.00004567 high on March 5. Notably, a falling wedge pattern forms when prices move within a narrowing, downward-sloping range, suggesting that a downtrend is losing momentum and an upward reversal could be on the horizon.

Amid its recent recovery campaign, which has seen it recoup 30% of its value since April 19, Shiba Inu has now broken above the falling wedge pattern, signaling the start of the bullish reversal. Ak47’s chart suggests that SHIB could record a mild retracement to retest the upper trendline of the falling wedge.

SHIB Aims for $0.00003946

However, following this retest, Shiba Inu is poised to witness a massive price rally akin to the upward push recorded from Feb. 28 to March 5. Should this occur, Ak47 projects a sustained rally to $0.00003946.

Nonetheless, Shiba Inu would need to breach several hurdles along its path to the ultimate target, with the first resistance level stationed at $0.00002803. This resistance point served as a roadblock to SHIB’s upward surge yesterday when it rallied beyond the $0.000028 psychological threshold.

SHIB is now up 3% today as it moves to retest the resistance level. If this roadblock falls, the next pivotal resistance sits at $0.00003491, aligning with Fibonacci 0.618. Shiba Inu trades for $0.00002711 at last check, with multiple predictions projecting a push toward $0.001 in the long term.

Amid prevailing confidence, sentiments remain high, with investors continually holding onto their Shiba Inu tokens for a long period of time. Notably, IntoTheBlock data confirms that over 1 million SHIB addresses have held onto their tokens for more than a year, with over 11K wallets holding at least 1 billion SHIB.

Veteran Trader Issues Timeline for XRP to Range $3 and $5

Prominent crypto trader Ash Crypto, boasting over 1.1 million followers on X, has issued a timeline for XRP to hit between $3 and $5.

In a recent post on X, Ash Crypto, who claims to have ten years of experience in crypto trading, revealed his outlook for XRP and 12 other digital assets. The list largely contained some of the most prominent cryptocurrencies. He suggested a one-year to 15-month timeline for the cryptocurrencies to attain his projected price targets.

XRP To Range $3 and $5 by Next September

Specifically, for XRP, the prominent trader suggested the asset could be worth between $3 and $5 in the next 12 to 15 months. Notably, this analyst offered no specific factor upon which his bullish forecast was formed besides the general optimism expected to ride the crypto after Bitcoin’s halving.

At press time, XRP changes hands at $0.5271. The lower limit for Ash’s target demands a 469.15% surge for XRP. Conversely, the crypto asset must rally 848.58% to attain the projected upper limit of $5 by next year.

Moreover, the analyst’s proposed 12—to 15—month timeline implies that he foresees XRP witnessing this near nine-fold price expansion between April 2025 and September 2025, which is predicted to be the height of this bull season.

Significantly, the projection of XRP reaching $3 during the peak of this bullish phase suggests that holders may once more find themselves on the sidelines of the buoyant market. Specifically, the target falls short of the $3.84 price level XRP achieved in January 2018. 

Long-term XRP holders missed out on the bull market of 2021, with the asset peaking at $1.9. Many enthusiasts attributed this underperformance to the SEC lawsuit. However, this barrier is no longer a factor in the current season.

Other Analysts Disagree

Furthermore, some other market analysts have disagreed with Ash’s timeline for XRP to hit $3. For instance, according to analyst Mikybull, XRP attaining $3 is more of a mid-term target than its peak for this cycle. 

Remarkably, analyst Capt Toblerone has even argued for a potential 15X surge that could take XRP to $10 in the short term.

At press time, XRP trades at $0.5281, marking a 4% gain in the last 24 hours and 12.94% negative growth in the last month.

Here are Top 5 Altcoins Under $0.1 to Buy

This article spotlights leading altcoins below $0.1 worth exploring as the market prepares for a bull run following the latest Bitcoin halving.

The Bitcoin halving has materialized, and the crypto community eagerly awaits the historical bull trend that could follow. Prior to the April 19 halving, the crypto market witnessed a severe price correction that erased substantial gains many altcoins acquired in the earlier phases of the bull market. 

While the market gradually recovers, this pre-halving dip has presented a considerable buying opportunity for investors looking to capitalize on the imminent full-scale bull market.

Given this context, The Crypto Basic highlights leading cryptocurrencies below $0.1 that investors may consider in this post-halving phase.

Shiba Inu (SHIB)

This month, the Bitcoin pullback dragged Shiba Inu back to the $0.000018 range from over $0.000045. This trajectory implies that Shiba Inu collapsed by approximately 60% from the yearly peak it attained on March 5. 

While the outcome is depressing, it opens a significant buying opportunity as Shiba Inu has proven itself to be a notable performer in a bull market. The Crypto Basic recently uncovered how SHIB established an incredible 884,400% price growth in the 2021 bull run.

Moreover, Shiba Inu is fast regaining lost grounds, rallying by 12.37% in the last 24 hours with its price at $0.0000266.

FLOKI

At press time, FLOKI exchanges hands at $0.0001694, marking a 13.28% gain over the past day.

Last month, FLOKI came very close to reclaiming its 2021 all-time high with a consistent uptrend that picked momentum in late February. In particular, FLOKI traded as low as $0.00003188 on February 21. Precisely ten days later, on March 2, the coin eliminated zero to trade at $0.0001417.

FLOK sustained this uptrend for another 12 days, reaching $0.0003113, representing an 876.47% growth in under 30 days. The asset was only 9.42% shy of its all-time high of $0.0003437. 

Meanwhile, the bears took FLOKI back to $0.0001142 this month. While the asset has notably recovered, it still maintains a 25% loss in its 30-day trajectory, presenting an investment opportunity.

VeChain (VET)

VeChain is one of the few assets that stood their ground amid the Bitcoin pullback. Since last month, VET has continued to trade between the $0.035 and $0.04 range. While the market bears forced it to $0.03566 on April 13, it rallied back to $0.043 the next day. 

At press time, VET sells for $0.04199, with positive gains across its daily, weekly, monthly, and yearly trajectories. 

VeChain has confirmed its capacity to be a notable performer in a bull market by soaring 136.36% from $0.02175 last November to $0.05141 this month. Prominent analysts such as EGRAG have argued that VET could attain a $2.3 price this bull season.

BONK and PEPE 

BONK and PEPE trade with double-digit negative values in their one-month performances amid recent market turbulence. However, prior to the dip, these two assets created massive sensations in the crypto community. This is evident in their six-month trajectory, with both assets still boasting remarkable gains of 2649% and 2377%, respectively.

Emphatically, BONK and PEPE are two cryptocurrencies trading for less than a penny and have proven to be worthy investment instruments. At press time, PEPE goes for $0.000005693 while BONK sells for $0.00002038.

Here Are Top 5 Price Predictions for Shiba Inu After Bitcoin Halving

This article outlines the top five bullish forecasts for Shiba Inu after the completion of the fourth Bitcoin halving.

The much-anticipated Bitcoin halving of 2024 has finally occurred and the crypto market is expecting a full-scale bull season anytime soon. However, in the build-up to the halving event, multiple projections surfaced concerning where Shiba Inu’s price could be headed afterward.

This article compiles the leading projections by prominent entities for Shiba Inu for this season. Interestingly Shiba Inu has already commenced a bull rally barely 24 hours after Bitcoin’s halving. At press time SHIB trades at $0.00002586, marking a 13% gain in the last 24 hours.

Shiba Inu chart
Shiba Inu Chart | CoinMarketCap

Shiba Inu to $0.00008845 “Shortly” After Halving

Notably, $0.00008845 is Shiba Inu’s 2021 peak. Late last month, Shiba Inu ecosystem marketing specialist Lucie voiced conviction that SHIB would reclaim $0.00008845 before April 19 or “shortly” after the halving. 

Her bold outlook was influenced by Shiba Inu’s 350% gains early last month. According to Lucie, the digital asset that can pull a miraculous stunt to break a new all-time high under weeks is Shiba Inu. 

However, Shiba Inu’s highest price yesterday, when Bitcoin halved, was $0.00002353. Where SHIB failed to regain the ATH target before halving, the Shiba Inu ecosystem official expects it to materialize sooner after the event.

SHIB to $0.0001553 This Season

Two weeks ago, prominent market watcher Rafaela Ligo noted a striking resemblance in Shiba Inu’s current behavior to a pattern observed in 2021. Notably, the 2021 pattern led to a surge of 1,164% for SHIB in 30 days. Based on this observation, the analyst projected a potential price target of $0.00014 for Shiba Inu.

Likewise, analyst Javon Marks conveyed a similar sentiment in his analysis of Shiba Inu’s outlook last month. Specifically, Marks argued that SHIB’s path to $0.0001553 would be more fluid once it re-enters the $0.00008 range.

Shiba Inu to Hit $0.001 After Halving

Early this month, Bitcoin investor Armando Pantoja issued his outlook for various cryptocurrencies, including Shiba Inu. Specifically, he argued the potential of SHIB attaining $0.001 in the bull market that follows a halving event.

His price target suggests that SHIB must rally 3,660% by 2025. However, prediction platforms like Changelly and Telegaon disagreed with this outlook as they proposed a ten-year timeline.

SHIB Price if Bitcoin Hits $100k, $150k, or $250k After Halving

Meanwhile, AI-powered platforms like Gemini, previously known as Google Bard, have suggested potential price targets for SHIB in a scenario where BTC hits lofty highs such as $250K after the Bitcoin halving.

Gemini’s bullish projection for Shiba Inu should Bitcoin hit $100,000 is a price of $0.00005564. Additionally, its ambitious estimates for Shiba Inu stand at $0.00013856, with Bitcoin surging to $150,000 post-halving, and $0.00014 if BTC soars to $250,000.

Shiba Inu Repeating History Like Bitcoin After Halving

Remarkably, Bitcoin surged approximately 721% after the 2020 halving to an all-time high of $64,863 in 18 months. If history repeats itself, with Bitcoin’s 2024 halving-day low of $59,651, its price could exceed $489,000.

In contrast, Shiba Inu experienced an astounding gain of at least 884,400% post-2020 halving. If this historical pattern repeats, it suggests a potential $0.196 SHIB price.

It’s Decision Time For ZBU Token: Spotting A Demand Zone Signals Potential Long Buildup

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In the tumultuous journey of the cryptocurrency market, major players have experienced significant retracement phases, especially in the wake of Bitcoin’s latest all-time high and then a period of correction. Amidst this high volatility, where many cryptocurrencies struggle to maintain their price levels, Zeebu emerges as a beacon of solid bullish momentum.

With the crypto world’s biggest event, ‘Bitcoin Halving,’ on the horizon, Bitcoin is experiencing high volatility. Anticipations are high that the crypto market could witness the next bull run following the halving, potentially lifting the entire altcoin market. Within this bullish wave, Zeebu’s ZBU is emerging as a potential altcoin with a hidden bullish pattern, presenting an opportunity for investors to potentially secure substantial returns.

Zeebu stands out as a unique DeFi platform tailored for the telecom industry, streamlining payments and invoice settlement. Positioned as the Web3 Neobank in the telecom sector, Zeebu tackles the significant challenges faced by telecom operators, such as security issues, lengthy remittance delays, and lack of transparency in traditional finance.

By bridging the gap between traditional finance (TradFi) and Decentralized Finance (DeFi), Zeebu has facilitated over 21,100 invoice settlements on its DeFi platform. Telecom carriers, operators, and businesses not only utilize its native cryptocurrency, ZBU, for settlements and global transfers but also stand to gain rewards with each successful transaction. The numbers speak for themselves, with Zeebu crossing transaction volume of over $1.5 billion, and is setting its sights on even greater achievements.

Taking a closer look at the ZBU token price

ZBU token price
ZBU token price source: TradingView

As of the present moment, the price of the ZBU token is holding steady at the $4.82 mark, with minimal fluctuations observed over the past 24 hours. Recent developments have seen the ZBU token climb to the #210 rank on the CoinMarketCap platform, accompanied by a market capitalization reaching $1.58 billion. Despite remaining relatively stagnant in price over the past few days, an overnight surge in trading volume, up by 20% to $39 million, signals increased investor interest, potentially paving the way for further upward movement.

A closer examination of the daily price chart reveals that ZBU has been in a consolidation phase for the past two weeks, following its recent all-time high at $4.94. This period of accumulation often serves as a precursor to a rapid bull run, mirroring a similar bullish pattern observed back in November.

While newcomers to the trading scene may wonder how the ZBU token manages to maintain its strength amidst market volatility, an analysis incorporating the Correlation Coefficient indicator sheds light on the matter. With the CC indicator hovering around the -0.40 range, indicating a weak correlation between ZBU and BTC, investors need not be overly concerned

20-Day Moving Average: Insights into ZBU’s Potential for Achieving Another ATH

ZBU TOKEN SOURCE TRADINVIEW
ZBU TOKEN SOURCE TRADINVIEW

Following a two-week accumulation phase, ZBU token trading has been confined to a narrow range. Nevertheless, this period of accumulation could swiftly transition into the next bullish rally for ZBU token, as the 20-day moving average functions as a demand zone. Investors might opt to aggressively accumulate ZBU tokens in anticipation of reaching the next all-time high, possibly nearing the $7.0 mark, in the weeks ahead.

The Average Directional Index (ADX) for ZBU continues to hover around the 52 range, indicating strength in the altcoin. This bullish signal suggests hidden indications of an upcoming uptrend.

Conclusion

The analysis of Zeebu (ZBU) indicates that the token is gearing up for the next bull run following a consolidation phase. Prominent technical indicators are signaling a hidden bullish sign in the ZBU token, suggesting a long buildup towards reaching the $7 milestone as a new target.

Milei Moneda Presale Investors Set $1 Targets Following Meme Coin Launch

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  • JUP struggles with piling losses.
  • Chainlink’s price can’t seem to convert traffic on CCIP into a pump.
  • Milei Moneda could be the next best thing in the DeFi sector; memes and DeFi prospects are a priority for $MEDA.

Most of the top altcoins started dipping sometime last week, but Chainlink (LINK) and Jupiter (JUP) have been decidedly bearish for the past month. Jupiter did see a spike in the last week of March, as the exchange increased the budget available to its Core Working Group (CWG).

That looked like the start of development on Jupiter, and JUP experienced some renewed interest from traders. Apparently, the bearish dip is getting to its investors, and JUP is down on the weekly timeframes. Jupiter is one of the best DeFi projects on Solana, but it might be giving up that reputation if prospects don’t improve soon.

Chainlink hasn’t fared any better, as its last spike was in February. The Chainlink Cross Interoperability Protocol (CCIP) has gained traction, although the LINK altcoin price has not responded to the increased CCIP usage. Now that LINK doesn’t seem to be in the running for the best cryptos to buy this year, investors are torn between jumping ship to JUP or sticking with LINK.

However, there’s a third option, and Milei Moneda ($MEDA) is gradually becoming one of the altcoins to watch in 2024. And for good reason. $MEDA is a meme coin with DeFi ambitions and a host of rewards for its users, and it’s no surprise that everybody wants in.

Economize LikeMilei: Invest in $MEDA!

JUP vs. LINK

It’s yet another DeFi coin showdown, as Jupiter and Chainlink have been underwhelming for the past month. Already, both tokens are trading at double-figure losses on the weekly and monthly timeframes.

Jupiter surged by 20% in March as the Core Working Group looker set to launch a new set of projects on the platform. That seems to be on hold, though, or the JUP traders are expecting too much too soon. JUP is down 30% in the past month, and that’s not attractive at all.

On the other hand, there is Chainlink, where LINK does not move at the same rate as the interoperability protocol. In the past month, CCIP has gained four times its revenue, while LINK slipped by 26% in that time.

There’s potential for a spike on both Jupiter and Chainlink, but LINK seems to hold the upper hand here. With CCIP’s increased usage, it’s only a matter of time before Chainlink’s DeFi coin price picks up. Plus, the Bitcoin halving is almost here, and the top crypto coins could be set for another price boost.

Instead of having to choose between two bearish platforms, Milei Moneda is offering investors better deals for gains this year.

Milei Moneda: Get Your Portfolios Set for Top Returns

Now’s the time to chuck all your meme coin bias right out the window. The meme coins have a knack for disappearing soon after their launch, only to resurface during social media speculations and altcoin rallies.

But Milei Moneda is not going down that path. The meme coin is planning to remain relevant for as long as it can. With DeFi projects and a deflationary token, long-term $MEDA investors are in for one of the best new ICOs in the crypto-verse.

The goodies from Milei Moneda won’t just be for the long term. There are several rewards for active users, from exclusive NFTs to monthly giveaways and discounts on crypto deals. And the more $MEDA you HODL, the higher your rewards from the ecosystem.

So start accumulating your Milei Moneda coins today. They only cost $0.0125, and your ROI starts from 60% returns on the launch day on the 21st of May.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

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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.

Here are Top XRP Price Glitches Taking XRP from $0.0001 to $34,603

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This report highlights several notable XRP price glitches, some of which took it to a low of $0.0001 as well as a high of $34,603.

XRP has been at the center of multiple discussions around crypto price glitches due to its susceptibility to the rare occurrence. These glitches have occurred across several platforms, including crypto exchanges and price-tracking resources, often leading to wild speculations from crypto proponents.

Amid the proliferation of these price anomalies, The Crypto Basic has compiled the most notable glitches recorded in recent times, with some of them resulting in a price collapse to as low as $0.0001, while others have led to unimaginable surges to prices as high as $34,603.

XRP Spikes to $74 and $0.90

The crypto community discovered one of the most recent XRP price anomalies on March 20, when the value of XRP pushed above the $70 price territory. Notably, a look at Atlantis Exchange, a crypto trading platform, showed that XRP was trading at $74. Other cases on Atlantis saw XRP changing hands at $80 and $113. 

A closer look at these prices revealed that Atlantis Exchange, which claimed to be fully compliant with the U.S. government, was not a fully liquid trading platform. Some users complained about not being able to swap or withdraw tokens. In addition, these price anomalies also affected other assets besides XRP.

Last December, XRP witnessed a massive price surge to $0.90 on Bittrex. While this value was not particularly out of reach for XRP, the surprising part of this occurrence was that XRP changed hands below $0.65 at the time. Notably, XRP was trading for $0.6289 then following a 5.7% drop over a 24-hour period.

While XRP changed hands at $0.62 on every other exchange, its value was $0.90 on Bittrex. However, market participants could not leverage this as an arbitrage opportunity because the issue was due to a data presentation error and not market dynamics.

A Contested Surge to $34,603

In October 2023, the XRP community saw multiple screen recordings showing that XRP briefly traded at a massive 6,118,909% premium to its current price on CoinMarketCap (CMC). Notably, these clips showcased an XRP price of $34,603 on CMC when XRP’s actual market value stood at $0.5655.

However, a close examination showed that the $34,603 price was actually Bitcoin’s value at the time. Despite some community figures claiming that they observed the price anomaly on Binance, these claims could not be verified.

In a more verifiable situation, the price of XRP skyrocketed to $50 on leading crypto exchange platform Gemini in August 2023. This development, which occurred shortly after Gemini listed XRP on the back of the ruling in the Ripple vs. SEC case, saw XRP rise by 7,836% on the trading platform. 

XRP Drops to $0.45 and $0.0001

Bitstamp users on Oct. 9, 2023, took to X to lament an issue with XRP’s price. Notably, XRP collapsed to a low of $0.4587 on the exchange amid a market downturn. While other exchanges recorded similar price drops, XRP held above $0.48 on other platforms besides Bitstamp.

Shortly after the complaints from its users, Bitstamp acknowledged the issue and sprang into action to address it. A few hours later, the team responsible confirmed that they had resolved the issue and XRP trading on the platform had resumed. 

The market recorded another case of a negative price glitch last April. This glitch, which occurred on crypto exchange Bitrue, was more substantial, and impacted multiple customers. XRP’s price surprisingly crashed to $0.0001 before rising back up, leading to liquidations of long positions.

Here are Top 3 Cardano Price Predictions After Bitcoin Halving 

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Following the successful occurrence of the Bitcoin halving, we’ve put together three significant Cardano price predictions this bull cycle.  

Bitcoin completed its highly anticipated fourth halving earlier today, with miners’ rewards for each block dropping from 6.25 to 3.125 BTC.

Notably, prices of major cryptocurrencies, including Cardano (ADA), were volatile ahead of the event, leading to a slight dip across the broader market. For instance, ADA witnessed a 2.7% dip over the past seven days to $0.4963. 

While the Bitcoin halving historically paves the way for a bull run, it does not immediately impact crypto prices. Nonetheless, investors are confident crypto assets will experience big gains in subsequent months after the event. This assertion is based on historical post-halving performances.

In particular, ADA traded around $0.05 during the Bitcoin halving in May 2020. Interestingly, the crypto asset recorded a 6,100% rally, hitting an all-time high of $3.10 on September 2, 2021. 

Top 3 Post-Halving Cardano Price Predictions 

Based on Cardano’s significant price growth after the previous halving, top experts are projecting that the 10th-largest cryptocurrency will experience another parabolic run this season, especially in the months after the Bitcoin halving. 

As a result, we’ve highlighted the top three Cardano price predictions after Bitcoin halving. 

Cardano to $30 

As stated earlier, ADA spiked by 6,100% in the last bull cycle. The parabolic run pushed Cardano’s price from a paltry $0.05 to $3.10. The Crypto Basic projected that ADA’s price could increase to $27 if it records a similar 6,100% surge in the current market cycle. At the time of the projection, ADA was trading at $0.44. 

With Cardano changing hands at $0.49, it could spike to a whopping $30.38 if the same 6,100% surge repeats itself several months after the Bitcoin Halving. 

ADA to $7.5 

Last month, famous crypto influencer Jake Gagain issued a conservative prediction for Cardano, speculating that it could surge to $7.5 by 2025. According to Gagain, 2025 would mark the end of the current market cycle. 

He noted that the $7.5 prediction for ADA would play out by the end of the current market cycle in 2025. For ADA to reach the $7.5 mark, it must record a 1,411% rally from its current price. 

Analyst Sees ADA Hitting $6.66 to $7.77 

Cardano Ghost Fund co-founder Chris highlighted two bullish scenarios that could take ADA to $6.66 – $7.77 in this bull cycle. 

He pointed out that if Cardano reclaims its 4% peak dominance recorded in the previous cycle and the global crypto market cap surges to around $6 to $7 trillion, ADA price will surge tremendously. 

According to Chris, should Cardano maintain its circulating supply of 36 billion tokens and a 4% dominance of a global crypto market valued at $6 trillion or $7 trillion, its valuation could be around $240 billion and $280 billion, respectively. 

Using Chris’ model, a $240 billion valuation would see ADA trade at $6.66 while a market cap of $280 billion would place its price at $7.7.