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Celo Network Welcomes Tether For Microtransactions, Chainlink Rival Foresees Substantial Growth In 2024

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In an intriguing turn of events, the Celo network, known for its efficient and cost-effective payment solutions, has officially partnered with Tether, the giant in the stablecoin space. This collaboration is poised to revolutionize microtransaction capabilities within the Celo ecosystem, integrating the widely used USDT with remarkably low transaction fees. As the crypto world watches this development unfold, there’s a new ICO quietly making waves: a Chainlink rival that’s positioning itself as a top altcoin in the blockchain sphere, especially with its substantial growth projections for 2024.

Celo Network Welcomes Tether for Microtransactions

Tether’s expansion onto the Celo network marks a significant milestone in the quest for accessible and affordable digital payments. By leveraging the Ethereum Virtual Machine (EVM)-compatible layer-1 network, USDT aims to offer microtransactions at nearly negligible fees, specifically around $0.001. This initiative could transform the landscape of digital payments, particularly in regions where financial accessibility is a challenge.

Celo’s mission since its inception in April 2020 has been clear: to provide fast, low-cost global payments. The integration of USDT into its ecosystem is a leap towards this goal, enhancing the network’s offerings of stable assets like Mento’s eXOF and the cREAL. This variety supports diverse financial activities including remittances, savings, and cross-border payments, echoing Celo’s vision of fostering global prosperity.

Chainlink Rival Foresees Substantial Growth in 2024

As things are heating up in the Celo ecosystem, there’s another top crypto coin quietly stepping up to the plate, poised to shake up the world of decentralized finance (DeFi) in 2024. It’s a fresh face on the block, offering some slick solutions that might just give Chainlink a run for its money. This AI-powered altcoin is gearing up for what looks like a rocket ride of growth.

Aiming to bridge the worlds of crypto and AI, InQubeta is looking to solve some real headaches in the DeFi scene — think issues like transparency, security, and making the system work smoother for everyone. It isn’t just another drop in the top ICO ocean; it’s potentially a whole new wave in the world of decentralized technology.

InQubeta’s Rise in the AI Crypto Domain

InQubeta, the platform behind this intriguing new altcoin is all about opening up the world of AI startups to more people by allowing fractional investments. Thanks to their QUBE tokens, investing in cutting-edge AI isn’t just for the big players anymore. And they’re making it even sweeter by offering rewards and equity through popular NFTs.

The QUBE token itself is something to talk about too. With a setup that gets tighter over time, each buy and sell adds to the overall scarcity and fuels a pool of rewards. Plus, InQubeta’s commitment to security and transparency, with a solid smart contract and verified processes, is setting a high bar.

Their presale’s been knocking it out of the park, nearing that $12 million mark and showing that there’s a real appetite for AI in the crypto world. But InQubeta’s not just looking at the now; their plans include launching an NFT marketplace and stretching their reach across different blockchain landscapes. It’s not just about making a splash in 2024 – InQubeta’s laying down the tracks for a future where AI and blockchain aren’t just buzzwords but the foundation of a new digital era.

Conclusion

The strategic alliance between Tether and the Celo network signifies a leap towards more accessible and cost-effective global transactions. Meanwhile, the crypto landscape is being reshaped by the emergence of formidable players like InQubeta. As these platforms continue to grow and evolve, they highlight the dynamic and ever-changing nature of the crypto world, promising an exciting future filled with possibilities for investors and users alike.

Visit InQubeta Presale

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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.

$BOME Traders Turn Small $SOL Investments Into Millions In 48 Hours – Will This Meme Be Next?

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Lately, some of the best meme coins to buy have been generating jaw-dropping gains. This is especially accurate about the Solana-based meme coins. Last week, for example, a new Solana-based meme coin, BOOK OF MEME ($BOME), appeared, which quickly soared to triple and quadruple-digit growth and turned one savvy investor’s 50 $SOL into 767 $SOL who invested in $BOME’s presale.

If you missed this rally and are searching for another winning project to benefit from the current bull market the most, you should check out Galaxy Fox ($GFOX). Still in the presale, the project is counting the final days until it goes live and replicates the performances of the major meme coin successors. What should you know about this new ICO crypto?

$GFOX  – The Next Market Sensation

Galaxy Fox is gradually charting toward the list of the best meme coins to buy. It captures the attention of the masses with its innovative approach to the meme concept and Web3 gaming. More specifically, it challenges the common belief that meme coins lack purpose by introducing a blockchain-based gaming platform, hyper-deflationary tokenomics, NFTs, and staking pools.

In Galaxy Fox’s Web3 Runner game, skillful players are recognized and rewarded weekly and monthly. Each gaming season, the leading 20% of players on the leaderboard earn a significant portion of the prize pool. Funded through the purchase of in-game assets like avatar skins and accessories, this prize pool serves to incentivize and reward the community’s active involvement.

The project sets a supply cap at 5 billion $GFOX tokens, designed to be deflationary with periodic token burns. Around 70% of these tokens are dedicated to presale, where the price of $GFOX increases at each new stage, marking it as one of the best ICO presales of all time.

Since its appearance, Galaxy Fox has attracted thousands of investors, selling over 3.3 billion $GFOX tokens and raising close to $5 million pre-launch. Experts attribute its success to its involvement in Web3 gaming and diverse functionality. The presale so far brought an over 300% increase in price to its current high of $0.001518, outshining many competitors.

Two more price increases are scheduled during the presale, and that’s only the beginning for those who will join now, considering the expected rally market watchers forecast post-launch. Galaxy Fox will go live on Uniswap, and we will likely see it on some major centralized exchanges, too.

Overall, the project has a bright future ahead, so it’s better to use the opportunity now once the price is at its lowest and enjoy the 100x ROI later.

Bottom Line

As an innovative project that seeks to transform how the meme coin market operates, Galaxy Fox can potentially be the next 100x altcoin. If the project continues on its current trajectory, its launch during the bull run will be very loud and impactful, positioning it among $PEPE, $SHIB, $BOME, and the others as the best meme coins to buy now.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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.

Jupiter And Pyth Network’s Fast Rise Begs The Question For Milei Moneda’s Potential As The Meme Coin Shows Similar Potential

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Jupiter’s (JUP) price performs incredibly well amid the launch of its LFG launchpad. Pyth Network (PYTH) surges and promises further growth, mainly caused by its integration with Injective inEVM. Meanwhile, Milei Moneda ($MEDA) offers investors unique benefits like exclusive NFTs, governance rights, and a 100% ROI.

Economize Like Milei: Invest in $MEDA!

Jupiter (JUP): LFG Launchpad Boosts Growth

Jupiter (JUP) has surged by an incredible 160% in just one month, reaching $1.36.

JUP’s surge is caused mainly by one particular development. In February, Jupiter Exchange launched its LFG launchpad, revolutionizing token launches, fostering investor confidence, and driving bullish growth in the market.

Based on this, analysts are confident in the project’s future. Their price prediction suggests that JUP could reach $1.95 by the end of March.

Pyth Network (PYTH): Price Surge and Integration With Injective inEVM

Similar to Jupiter, the Pyth Network (PYTH) has been on an impressive run in the last month. PYTH’s price increased by 58%, reaching $1.02.

The hype surrounding PYTH doesn’t stop there. Recently, Pyth Network integrated with Injective inEVM, expanding DeFi capabilities with reliable market data access for various applications.

Analysts expect Pyth Network to continue on its bullish run. They suggest a potential $1.77 by the end of March.

Milei Moneda ($MEDA): Unique Benefits and 100% ROI Potential

Step into the world of Milei Moneda ($MEDA), where humor is infused with years of financial experience. Inspired by the dynamic Javier Milei, this token transcends mere comedy.

Offering exclusive NFTs, governance rights, and a vibrant community, Milei Moneda heralds a new era of financial liberation.

$MEDA is priced at $0.010 at Stage 1 of its public presale. The project promises investors a 100% ROI when $MEDA officially launches on Uniswap on May 21.

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

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.

Oraichain, The Project Bringing AI To The Blockchain + Value To Its Ecosystem

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It would be hard to identify a technology trend that’s hotter than artificial intelligence or blockchain at the minute, as companies across the world in almost every industry race to integrate these technologies into their business operations.

But although AI and blockchain share many similarities, being concerned with storing and using vast amounts of data, no one has yet managed to come up with a practical solution to integrate these two exciting technologies. That’s a shame because the combination of AI and blockchain would create immense value.

As an example, future smart contracts with AI capabilities would be exponentially more powerful than those that exist now. Smart contracts are protocols that automatically execute transactions when certain, encoded conditions are met. However, smart contracts are somewhat constrained, as they must follow strict rules, which hampers the ability of developers to integrate AI models and services within them.

What Is Oraichain All About?

Oraichain is a project that’s seeking to solve the incompatibility between AI and blockchain. It’s focused on connecting smart contracts to AI-based application programming interfaces or APIs, and claims to be the world’s first and only AI-powered data oracle.

Oraichain makes it possible for smart contracts to be enhanced by securely accessing external AI APIs. For now, the project is focused mainly on AI-based price oracles, but by enabling smart contracts to access AI models, it can dramatically enhance the functionality of blockchains. Oraichain-based decentralized applications can tap into external, AI data by sending requests to validators, who perform the role of acquiring and testing this data, which is supplied by external AI APIs. Once the data is confirmed, it can be stored on-chain, where it can be accessed via dApps with complete confidence.

A key component of Oraichain’s infrastructure is its AI Marketplace, where AI providers can sell their AI services. Users pay to access these services in ORAI tokens. Some of the existing AI services on Oraichain’s AI marketplace include price prediction, yield farming and biometric authentication.

For AI providers, one of the main advantages of the Oraichain AI Marketplace is the elimination of intermediary platforms, which enables smaller teams to compete more effectively with leading AI companies such as OpenAI.

Recent Progress

Oraichain’s mission to enable blockchain-based AI has gotten a lot of traction recently, with the most recent update being the beta launch of the OraiBTC Subnet, which is said to be a key step on the road to the debut of Oraichain Mainnet 3.0, due later this year.

OraiBTC is the latest subnet on the Oraichain Mainnet, acting as a decentralized bridge between Oraichain and the Bitcoin network. It enables BTC to be deposited into the Oraichain ecosyswaps and the ability to bridge BTC to and from Oraichain.

While making progress on its roadmap, Oraichain is getting traction in the market too, as is shown by the growing strength of its native ORAI token, which has seen its value rise by more than 168% over the last 12 months.

Why Does Blockchain Need AI?

Oraichain lists dozens of promising use cases for AI-enhanced blockchain dApps, including DeFi apps with powerful, automated trading strategies based on real-world data. The advantage of AI in finance is that it’s much better at spotting trends and signals amid the deluge of token price data. It’s also much faster, allowing for the possibility of more intelligent, automated trading bots that can react to market changes.

Other use cases include the “Internet of Things”, with AI promising to enhance the capabilities of smart factories with advanced anomaly detection, failure point detection, object network analysis and other features. Blockchain security can also be boosted by AI, which enables more advanced biometric recognition and authentication techniques. For instance, dApps would be able to connect multiple biometrics such as face scans, fingerprint scans, retina or iris scans and voice to create multiple, highly secure login features. In addition, AI can help to analyze login behavior to detect any suspicious activity.

Blockchain AI will also support use cases in specific industries, such as AI-based insurance strategies that leverage data from on-chain and off-chain sources. The idea is that insurers can create profiles that can be used to validate qualifications, protect against fraudulent claims, and predict payouts.

Global logistics operations are already one of the main beneficiaries of blockchain technology, which helps with tracking and forecasting. By integrating AI into these systems, users will be able to further optimize delivery routes, productivity and safety. Last but not least, blockchain AI will be able to help with talent spotting and recruiting, with blockchain storing the details of applicants in a more secure way, while AI filters out applicants based on their qualifications, experiences and any evaluation tests they have performed.

Maximizing Ecosystem Value

Oraichain has emerged at the forefront of blockchain’s convergence with AI, but it faces challenges around meeting the demand for powerful GPU processing resources that support AI workloads, and providing maximum value for ORAI token holders.

To solve these challenges, Oraichain has come up with an initiative called GPU Staking, which effectively kills two birds with one stone.

The AI industry is all the rage these days thanks to the popularity of generative AI models such as ChatGPT, and that has led to an explosion in demand for GPUs, which are the most efficient chips for powering AI workloads. With GPU Staking, Oraichain says it has hit on a novel concept that will ensure its network has a sufficient quantity of GPU compute resources available to users.

The Oraichain Foundation recently submitted a proposal to make GPU Staking a reality, noting that it is already buying up GPUs in vast quantities to support its network. This infrastructure will be essential for dApps built on Oraichain, and GPU Staking will help to ensure that the value its network generates provides practical benefits for ORAI token holders.

The GPU Staking mechanism will allow ORAI token stakers to restake their scORAI tokens (the liquid staking token of ORAI) to earn USDC rewards, so they can benefit directly from the revenue generated by its AI services. Under this mechanism, dApps will pay to access AI services in stablecoins such as USDC, with stakers being able to earn from both GPU demand and also through block rewards. The plan also calls for independent GPU providers to join the Oraichain network and earn revenue from Oraichain-based dApps.

The project also believes that its network and model will ensure a steady demand for GPU services, and cites a number of projects and use cases to support this theory. Some of the top projects building on Oraichain have already demonstrated significant GPU utilization, including aiRight, DeFI Lens, KawaiiQ and Cupiee, as have the various large language models and AI-based trading strategy agents deployed on Oraichain.

GPU Staking will ensure the value created by GPU demand is fed back into its ecosystem, no matter if it’s a crypto-native project such as DeFi Lens, or a non-crypto-focused project, such as KawaiiQ and Cupiee. Meanwhile, GPU providers will also be able to tap into the value created by the demand for Oraichain’s resources.

A Bright Future For AI + Blockchain

Oraichain is still a fairly young project, but it has already made significant progress, and the launch of mainnet version 3.0 and GPU staking should spur yet more growth in its network. As one of the few projects attempting to combine the benefits of AI and blockchain, Oraichain has already demonstrated significant momentum. With the broader industry trend for AI showing no signs of slowing down anytime soon, Oraichain has enormous potential to improve its relevance and boost its standing in the ultra-competitive blockchain space.

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.

Trader Turns 2 SOL into $260,000 Trading Solana Memecoin: Here’s How

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A trader recently flipped 2 Solana (SOL) tokens worth $368 to 1,408 SOL valued at $260,000 while trading Solana memecoin SHAD.

As highlighted by the crypto analytics service provider Lookonchain, the trader (with wallet “5aLaR….GJXA”) placed a bold bet on Solana memecoin SHAD raking in a cumulative gain of 704x. With the memecoin season fully underway, many traders are cashing out huge sums in just a few days, reiterating similar trends over the past year.

SHAD as a memecoin emerged about 24 hours ago and it rose to an All-Time High (ATH) of $0.088. Its Fully Diluted Volume (FDV) and market cap now come in at $1.12 million per data from CoinGecko’s GeckoTerminal.

The Lucky Bet

Per the Lookonchain insight, the trader spent 2 SOL to buy 90 million SHAD. He then sold 85.3 million worth of the memecoin for 1,410 SOL worth approximately $260,000. Despite this lucky trade, the trader still has 4.7 million worth of SHAD left with a market value $5212 based on the current price of SHAD at $0.001109.

Solana has proven to be a very promising avenue for investors looking to ape into the memecoin frenzy. As reported earlier, another trader converted $1,749 into $10.9 million trading Dogwifhat (WIF).

Dogwifhat comes off as one of the most popular memecoins in the Solana ecosystem with current market capitalization pegged at $2,152,263,758.

Battling Highs and Lows

From records, only a few memecoins survive in the long term. After the initial hyped bullish phase, many memecoins do not recover, a stress test that dogwifhat passed when it traded opposite to the market rout back in January.

Historically, many memecoins that are competing with prominent Layer-1 and 2 protocols have emerged even from overhyped memecoin seasons. Shiba Inu (SHIB), PEPE, and BONK are among the outliers the market has seen over the years.

Cardano Founder Hoskinson Makes Bold Prediction for 2030

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In a recent conversation sparked by Cardano founder Charles Hoskinson, the tech luminary predicted significant advancements in computing power by the year 2030. 

Taking to X today, Hoskinson predicted a future where emerging hardware and optimized models will allow users to run computations at speeds 1,000 times faster than current capabilities, surpassing even the prowess of Mixtral, on a standard gaming PC.

Mixtral is an advanced mixture-of-experts language model optimized for efficiency and capable of performing complex language tasks with low computational requirements. Hoskinson believes his prediction could materialize by 2030, six years later.

Responding to the Cardano founder, Kurt, a Sydney-based tech enthusiast, highlighted the accelerating efficiency of artificial intelligence (AI) models. 

He emphasized the ongoing evolution in image generation technology, citing personal experience with a standard RTX GeForce 2080ti gaming graphics card from Nvidia. According to him, he has continued to witness improvement in image generation tech even with his 2080ti.

These remarks from Kurt aligns with Hoskinson’s sentiments concerning the important role of hardware optimization in driving the progress of technology. Kurt hinted at a shift in focus where hardware innovation takes precedence over software development.

Cardano in the Gaming Sector

Amid the discussion, a Cardano investor introduced a cryptocurrency-focused twist. In his comments, the individual pondered the prospects of receiving payments in ADA, Cardano’s native cryptocurrency, for playing popular games like Call of Duty in the future. 

Certain individuals in the broader cryptocurrency community have pushed for the incorporation of crypto as in-game currencies on mainstream games such as GTA and Call of Duty. Interestingly, reports suggest GTA VI could have a crypto reward system, but these remain unconfirmed.

A November 2023 report from CoinGecko revealed that 75.5% of emerging Web3 games in the GameFi sector have failed over the past five years, signaling a worrisome trend. These failures are attributable to a focus on the finance aspect of the games and less attention on graphics and playability.

As a result, blockchain proponents have persistently called for the mainstream games they already enjoy to integrate crypto assets. Hoskinson revealed three years ago that he is finalizing the acquisition of Legends of Valour, an old game released in 1992 that he liked playing growing up.

When asked about the project in an AMA session in November 2021, Hoskinson stressed that he plans to remaster the game and include modern mechanics that could make it playable to today’s users. He also discussed the possibility of incorporating Cardano blockchain in the backend for NFT functionalities.

XRPL Pioneer NFT Project XPUNKS Announces Move to Solana

XPUNKS, the creators of the first NFT series on the XRP Ledger, have announced a move to rival blockchain Solana.

The XPUNKS team communicated this move in a recent post on X, heralding the entry into Solana as a New Beginning. 

Questions have emerged on whether they plan to completely leave the XRPL or facilitate a multi-chain approach. When asked, they noted that they had built a bridge. The team has failed to provide specific details on the decision but noted that it is organizing an Ask Me Anything session on X to discuss the development.

While XPUNKS Was at XRPL

Just last month, the well-known American exchange Uphold introduced the minting of an exclusive NFT collection featuring the XRP Army Badge in collaboration with XPUNKS.

According to data from the XRP explorer Bithomp, XPUNKS has traded 6,947 NFTs, generating sales totaling $9,648,793.76. This accounts for 35.64% of all NFT sales on the XRP ledger.

Meanwhile, the sales chart data indicates that XPUNKS’ NFT sales have been experiencing a steady decline since last year.

It Takes Departure to Get Recognition

Expectedly, the project’s decision to move to Solana has generated significant attention in the crypto community. Kaj Leroy, the founder of XPUNKS, sees the soaring engagement surrounding their departure from XRPL as a happy moment. 

“While our announcement is nearing 200k views, everyone in the XRP community is talking about us. That makes me happy,” Leroy said.

Reacting to the announcement, some crypto community members expressed that XPUNKS has made the right choice by migrating to Solana. X user JÖDES provided a broad perspective about the factors that could have prompted XPUNKS’s move.

According to JÖDES, “Working on the XRPL feels like drowning in a life jacket store.”  He claimed that the XRP ecosystem is not financially, technically, and socially supportive of projects.

As a member of the XRP community, he expressed dismay that it requires departing to receive deserved recognition, viewing it as a disheartening reflection of the XRP community. He attributed responsibility to payment firm Ripple, asserting, “Ripple let it get this way.”

JÖDES welcomes constructive criticism of his views from genuine builders within the XRP community. Also, he extended his best wishes to XPUNKS as they embark on their journey with Solana.

XPUNKS Founder Agrees

Interestingly, the founder of XPUNKS vouched for the accuracy of JÖDES’s claims, stating, “It’s the truth.”

Meanwhile, in reply to Leroy’s agreement, another commenter attempted to clarify that Ripple’s core focus has always revolved around payments. He suggested that it is not a negative reflection on Ripple if NFT projects prefer to explore other ecosystems. 

Furthermore, the commenter emphasized that Ripple’s primary objective is not to cater to every aspect of the blockchain space. Instead, the firm concentrates on other endeavors, which is perfectly acceptable, per the commentator.

Shiba Inu To $0.00004: Is This Still Possible By the End Of March

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Shiba Inu (SHIB) is wriggling out of its bearish correction, but will it retest the high price above the $0.00004 level by the end of this month?

The bull run that pushed the price of Bitcoin (BTC) to its All-Time High (ATH) above $72,000 earlier this month also triggered a major run for Shiba Inu (SHIB). The correlation has, however, turned detrimental for the altcoin, which also recorded a similar slump in price as the bigger cryptocurrency.

As the second-largest meme asset, Shiba Inu is not only judged for its performance but also by how far it could bounce back given the right conditions.

Shiba Inu Growth Possibility

The Shiba Inu price pulled a stunning growth from a low of $0.000009333 recorded over the past month to a recent 52-week high of $0.00004534. With the price now at $0.00002529, the contention remains whether SHIB can pull a comeback to $0.00004.

Historical data from Cryptorank shows Shiba Inu typically exhibits mixed growth sentiments for March. The coin has already jumped by 103.6% this month and should it sustain the growth, it can help revert prices to the desired monthly high.

Amid the market-wide correction, current trading volume, up 2.4% in 24 hours to $1,739,733,361, shows revived interest in the token. The correlation with Bitcoin is a possible catalyst for SHIB as any recovery in the former can spark a major uptick in the latter.

Shiba Inu, however, has no solid fundamentals at the moment to complement the Bitcoin revolution, a trend that may serve as a bottleneck to the move upward.

What The Predictions Platforms Say

In anticipating the potential closing price for Shiba Inu by the end of March, insights from Changelly and Coincodex hint at a near possibility of retesting $0.00004.

According to Changelly, the token will trade at an average price of $0.00003950 by March 31, up by 58.57% from the current price level. Notably, this marks the best bargain as Coincodex pegs the month-end price at an average of $ 0.00003589 or 47.21%.

Bitrue Pairs XRP Against 8 New Assets Including Shiba Inu

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Leading crypto exchange Bitrue has further expanded its support for XRP by introducing eight new spot-based trading pairs for the sixth-largest cryptocurrency by market cap.

The eight crypto assets paired with XRP include Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), Uniswap (UNI), Worldcoin (WLD), ORDI (ORDI), Xahau (XAH), and Optimism (OP).

Although the exchange released the list of the new pairs last week, it called attention to the development today in a tweet.

Bitrue Teases New Trading Pairs For XRP

The development comes two weeks after Bitrue asked its users to suggest new trading pairs for XRP. Many enthusiasts proposed that XRP should be paired with tokens that have high liquidity on Bitrue.

Apparently, Bitrue took these requests into consideration, as the eight new assets paired with XRP boast strong liquidity and an active community, including Shiba Inu and Pepe.

Over 90 XRP Pairs Supported on Bitrue

It is worth mentioning that the Bitrue exchange has been a major proponent of XRP. Since it listed XRP in 2018, the platform has consistently added new trading pairs for the coin.

Before now, Bitrue had over 85 tradable pairs for XRP, with some of the most prominent being XRP/BTC, USDT/XRP, and XRP/ETH.

At the moment, the number of supported XRP trading pairs has skyrocketed to over 90 following the addition of SHIB/XRP, PEPE/XRP, BONK/XRP, OP/XRP, ORDI/XRP, UNI/XRP, WLD/XRP, and XAH/XRP.

Bitrue is one of the leading crypto exchanges that remains confident in XRP’s potential. The exchange has made numerous bullish posts about XRP, ranging from asking users to buy the coin to introducing new trading contests for it.

Bitrue Celebrates New XRP Trading Pairs With Special Package

Interestingly, Bitrue lived up to expectations in the recent expansion of XRP support. To commemorate the launch of the new trading pairs, Bitrue announced a special trading event, with up to $50,000 in USDT to be won by participants.

Per the announcement, users will be rewarded based on their engagements with the new XRP trading pairs throughout the trading event, from March 19 at 10:00 (UTC) to March 26 at 10:00 (UTC).

Additionally, Bitrue users will also enjoy 0% trading fees for the eight new XRP pairs throughout the duration of the campaign.

Yesterday, popular crypto derivatives platform BitMEX also announced a spot trading pair for XRP. In addition, XRP also secured a listing on Atlantis Exchange, a trading platform claiming to be registered with the U.S. Department of the Treasury.

In the hours leading up to press time, XRP was changing hands at $0.5951, down 0.43% over the past day.

MicroStrategy Now Holds More Bitcoin than US and China

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Following the latest Bitcoin (BTC) accumulation in line with its Treasury Reserve Allocation (TRA) strategy, Michael Saylor’s MicroStrategy now has more BTC than the United States and China.

MicroStrategy already bears the tag as one of the largest corporate holders of Bitcoin, a title earned after consistent Bitcoin accumulation since August 2020.

For a strategy that started as a key pivot move to protect itself from the devaluation of the US Dollar due to the growing inflation compounded by COVID-19 at the time, MicroStrategy now records global recognition for its consistent purchase.

MicroStrategy Outranks US and China Bitcoin Holdings

While MicroStrategy periodically augments its Bitcoin holdings with a BTC accumulation strategy, China and the US mostly increase their balances of the asset through confiscation in the event of illegal activities.

The recent MicroStrategy acquisition of 9,245 BTC, as reported by The Crypto Basic, a bag valued at $623 million, increased MicroStrategy’s total holdings to 214,246 BTC.

According to Ki Young Ju, the CryptoQuant Founder and CEO, this figure places the software firm ahead of the United States with a Bitcoin holding amounting to 210,000 BTC.

The figure also surpasses that of China with a total of 194,000 BTC in its controlled wallet. Despite the strides achieved so far, Michael Saylor, the company’s Founder and Chairman, has reiterated there is no plan to stop buying the coin.

BlackRock Outshines MicroStrategy

At the moment, MicroStrategy’s Bitcoin was acquired for approximately $7.53 Billion at an average price of $35,160 per BTC. Despite the slump in price, the total Bitcoin units are now worth $13,724,097,424.4 giving the firm an unrealized profit of $6.19 billion.

The only entity outpacing MicroStrategy is American investment banking giant BlackRock Inc. Notably, BlackRock has been accumulating Bitcoin through its spot ETF products, a fund that has pushed the firm’s total holdings to 238,501.10634 as of March 19 data. 

Evidently, BlackRock and MicroStrategy are worth watching in the BTC accumulation scene ahead of the next Bitcoin Halving event.