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Top US TV Station Mentions Shiba Inu Partner Token

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KUTV, a top television station based in Utah, United States, highlighted the launch of Shiba Inu’s partner token KNINE.

Popular American TV station KUTV mentioned Shiba Inu’s partner, K9 Finance DAO, in the recent episode of “Eye On Your Money.”

Shiba Inu Makes Big News Through Its Partner

Specifically, Cristina Flores, who anchored the program, noted that Shiba Inu has been making strides in the crypto market by partnering with K9 Finance to introduce tech innovation to the project.

“Cryptocurrency meme coin Shiba Inu has also been making big news. Shiba Inu has officially partnered with K9 FInance, which brings significant tech innovation to the coin,” Flores was quoted as saying.

She further emphasized that the rollout of K9’s native token, KNINE, has been successful, with its price surging 40x since its launch.

It is worth mentioning that the reporter also commented on other developments in the crypto market, including Bitcoin hitting a new all-time high (ATH).

K9 Finance Founder and Advisor React

K9 FInance DAO founder Buzz.Shib called attention to the report, emphasizing that KNINE’s launch made the news in Utah, where the KUTV studio is located.

“The #SHIBARMY & #K9Unit are making waves,” he remarked.

As expected, the report stirred positive reactions within the K9 and Shiba Inu communities. Xanders Shib, a K9 Finance advisor and admin of Shiba Inu’s Shibarium Telegram group, described the report as amazing and praised K9 Finance’s team and community members.

KNINE Token Surges Over 700% Days After Its Launch

While K9 Finance is still working on launching its liquid staking and derivatives platform on Shiba Inu’s L2 blockchain Shibarium, the team behind the project debuted the KNINE token on March 7.

The launch of KNINE met investors’ expectations, as its price soared to $0.0003543 on March 11, marking the token’s current ATH. KNINE’s peak price represents an increase of over 700% from the token’s all-time low of $0.000048, which was recorded on the day of its debut.

Like most cryptocurrencies, KNINE has suffered a retracement as it currently changes hands at $0.0002027. At press time, KNINE has lost 7.24% on the daily charts. Conversely, the token is up 22.6% over the past seven days.

K9 Affiliation with Shiba Inu

KNINE’s successful launch can be attributed to its strong ties with the Shiba Inu project. In addition to being an official partner of the Shiba Inu ecosystem, K9 Finance went a step further by appointing top Shiba Inu team members, including Shytoshi Kusama, as official advisors. 

Despite not announcing plans to directly burn Shiba Inu, K9 has still gained the support of the Shiba Inu community. It plans to deploy its liquid staking platform on Shibarium, a move that will indirectly contribute to the ongoing SHIB burns. As more users flock to the K9 Finance platform, the network’s gas fees will surge, thus accelerating Shibarium-powered SHIB burns.

Recall that the Shiba Inu ecosystem team has burned over 56 billion SHIB using a portion of Shibarium gas fees. K9’s upcoming launch on Shibarium would bolster the number of SHIB tokens that could go up in flames, as more users flock to the platform.

In the meantime, KNINE’s market cap stands at $15.41 million, while the number of on-chain addresses holding the token has risen to 5,923 from its March 12th value of around 5,600.

Shiba Inu: Shibarium Explorer Receives New Exciting Update

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Shibariumscan, the blockchain explorer to the Shiba Inu layer-2 network Shibarium, has received a new exciting update from Blockscout to bolster usability.

Shibarium remains at the forefront of attention amid sustained adoption growth. Notably, Shibariumscan, the network’s block explorer, has been instrumental in facilitating transparency on the blockchain’s metrics.

Despite the explorer’s existing robustness, Blockscout announced in the latest development that it has added a new exciting feature to Shibariumscan to further bolster transparency.

For the uninitiated, Blockscout is an open-source blockchain explorer and analytics platform for Ethereum-based networks. It allows users to search and explore transactions, addresses, and smart contracts on various Ethereum-compatible blockchains. 

Blockscout is responsible for the infrastructure that powers Puppyscan, the Shibarium testnet explorer, and Shibariumscan, the Shibarium mainnet explorer. The latest update to Shibariumscan is one of multiple upgrades the platform has pushed so far.

The L1 – L2 Window on Shibariumscan

The update introduces the L1 <-> L2 window, which allows network participants to explore fund movements between the Ethereum layer-1 network and the Shibarium layer-2 network.

The L1 L2 Window on Shiba Inu Shibarium
The L1 L2 Window on Shibariumscan

As part of its structure, the recent update contains the “Deposits (L1 -> L2)” tab. This tab highlights all the transactions carried out by network participants which involve bridging their tokens from the Ethereum layer-1 to Shibarium. 

Whenever a network participant carries out such a bridge transaction, both Ethereum (L1) and Shibarium (L2) create separate transaction hashes. Shibariumscan shows both transaction hashes for perusal. Data confirms that users have executed 27,847 deposits since Shibarium went live.

The structure also contains the “Withdrawals (L2 -> L1)” tab. Notably, this tab details transactions involving the bridging of assets from Shibarium (L2) back to Ethereum (L1). Similar to the Deposits tab, this tab also shows transaction hashes on Shibarium and Ethereum.

Shibariumscan data shows that users have carried out 6,816 withdrawals from Shibarium to Ethereum. This indicates that deposits outweigh withdrawals by over 20,000, suggesting that most users who bridge their assets to Shibarium have retained them on the L2 network.

Shiba Inu Developer Reacts

Speaking on the latest Shibariumscan update, Kaal Dhairya, a prominent Shibarium developer, emphasized the significance of Blockscout as a valuable collaborator. 

Dhairya highlighted Blockscout’s consistent efforts in introducing innovative features to their platform, thereby augmenting the visibility of Shibarium. He expressed endorsement for Blockscout, urging both emerging and established blockchains to leverage their services.

Meanwhile, Shibariumscan data shows that adoption on Shibarium has continued to skyrocket. The network now boasts over 408 million transactions a week after it crossed the 400 million mark. Wallets have also surged to 1.375 million, while TVL recently hit a new ATH. 

Here’s Shiba Inu Price if It Equals Dogecoin’s Market Cap

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Shiba Inu (SHIB) could surge above the $0.00004 price territory if its market capitalization rises to the same level as the current market valuation of Dogecoin (DOGE).

Shiba Inu met its goal to dethrone Dogecoin as the largest memecoin in the market during the 2021 bull run. Data from CoinMarketCap suggests that SHIB hit a market cap of $37.8 billion in October 2021, towering over DOGE, whose market cap at the time stood at $32 billion.

However, Shiba Inu’s market valuation collapsed when it slumped from the $0.00008845 all-time high. The crypto asset continued to shed off more of its valuation amid the market downturn and black swan events such as the Terra and FTX implosions.

With the recent resurgence in Bitcoin’s (BTC) price as the market prepares for the bull run, Shiba Inu is seeing a gradual rejuvenation of its market cap. Amid the recent price surge, the asset’s valuation surged from $7.16 billion at the end of February to a high of $26.26 billion as of March 5.

SHIB flipped Polkadot (DOT) and Polygon (MATIC) to become the 13th largest asset, and then pushed further to secure the 10th position. However, Shiba Inu, with a current valuation of $19.9 billion, has still not equaled Dogecoin’s market cap, which currently stands at $24.83 billion, making DOGE the ninth largest asset.

Shiba Inu Price at Dogecoin Market Cap

As Shiba Inu proponents anticipate the token to overtake Dogecoin in valuation, we analyzed how much the asset would need to rise to capture Dogecoin’s market cap. Moreover, this assessment also provides insights into Shiba Inu’s price if it equals DOGE’s market cap.

For context, Shiba Inu currently boasts a market cap of $19.9 billion following a correction from the $26.26 billion high. Meanwhile, Dogecoin’s market valuation towers above the $24 billion mark, currently sitting at $24.8 billion.

Notably, we leveraged a comparison tool to assess these values. Data suggests that Shiba Inu’s price would need to surge by just 25% or 1.25x if the asset is to hit Dogecoin’s market cap. Currently trading for $0.00003364, a 52% rise would bring SHIB’s price to $0.00004205.

At this price, Shiba Inu’s market cap would soar to the $24.8 billion mark, supposing its circulating supply remains fairly stable. There is absolute confidence among investors that SHIB is capable of recording such a price rally.

This confidence is triggered by the asset’s latest surge, which has seen it rally by a massive 264% over the past month. However, while SHIB is currently in a bullish uptrend, there is no guarantee that the asset could secure another 25% surge to hit $0.00004206.

Analyst Expects XRP to Reach $3.84 Before Or Right After Bitcoin Halving

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According to a recent prediction by an analyst, the price of XRP could surpass its previous all-time high within the next few months.

During the previous market cycle, the price of XRP failed to surpass its all-time high of $3.84 set in 2018. However, experienced market analyst Leb Crypto expects that to change in the current market cycle.

Leb predicts that XRP will surpass the $3.84 all-time high before or right after Bitcoin’s upcoming halving, slated for next month. For context, a surge back to the 2018 ATH of $3.84 will represent over 560% increase from XRP’s current price of $0.68. 

The analyst hints that the XRP rally will be led by a broader bullish crypto market performance in the weeks leading up to the halving.

According to Leb, Bitcoin may experience euphoric price action around the halving date, pushing prices to an all-time high of $100,000. This move will allow altcoins like XRP to shine and recover their previous highs, just as Bitcoin has done over the past few weeks.

Multiple Analysts Bullish on XRP

While Leb’s bullish XRP price prediction catches the eye, the analyst is not the only one who has forecasted such a meteoric price rise for the cryptocurrency.

The consensus is that XRP is due for a surge, having missed out on reaching its previous highs in 2021 because of selling pressure triggered by the SEC case.

With most of those concerns already addressed in a landmark victory in July 2023, many analysts predict that XRP is now ready for a period of outperformance. Some expect the cryptocurrency to hit $5.85, while others forecast prices as high as $14.6 if certain conditions are met. 

Evidently, there are no guarantees that these predictions will come true. However, the unanimous position of several leading analysts on XRP suggests a positive outlook for the cryptocurrency as the current bull market continues.

NEAR, RNDR, GALA And GFOX Largest Gainers As Alt Market Stays Hot

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The cryptocurrency market continues to sizzle, with altcoins taking center stage. While Bitcoin and Ethereum remain the heavyweights, several lesser-known tokens are experiencing explosive growth. This article dives into four of the hottest altcoin gainers – NEAR Protocol ($NEAR), Render Token ($RNDR), Gala Games ($GALA), and the up-and-coming good crypto to buy, Galaxy Fox.

NEAR Protocol Rockets on Renewed Optimism

NEAR Protocol, a high-performance blockchain platform, has been on a tear. Analysts believe $NEAR has broken a key resistance level, potentially paving the way for a retest of its all-time high. Prominent traders like Scient are capitalizing on the gains, taking profits while maintaining a “moon bag” for potential future spikes. Crypto experts are bullish on $NEAR, suggesting it could surge alongside Bitcoin reaching new highs.

Render: A Star in Decentralized AI

Render, a key player in the decentralized rendering scene, has been steadily climbing since its launch. $RNDR’s positive outlook reflects the overall market sentiment, with its recent Fear/Greed index hovering near “extreme greed” territory. The token boasts impressive liquidity and has consistently traded above its 200-day simple moving average, indicating a strong uptrend.

Gala: A Mixed Bag of Gains and Profit-Taking

$GALA has delivered an impressive 60% surge in the past week. While this spells good news for long-term holders, it also highlights profit-taking behavior. Nearly half of $GALA holders are currently underwater, having bought in near the all-time high. Further rallies may be hampered by whales offloading their holdings, leading to potential selling pressure.

Galaxy Fox: The New Memecoin Powerhouse?

While established altcoins like $NEAR and $RNDR are making waves, a new contender is emerging – Galaxy Fox. Galaxy Fox’s presale has been nothing short of phenomenal, exceeding $4 million raised. The meteoric rise of this good crypto to buy can be attributed to several factors:

  • Play-to-Earn (P2E) with a Twist – Galaxy Fox offers a captivating web3 endless runner game where players can earn rewards in $GFOX tokens. To elevate the experience, the project introduces unique NFTs that grant players in-game advantages. These coolest NFT collectibles will be available for purchase on the Galaxy Fox marketplace.
  • Robust Tokenomics – Galaxy Fox boasts a well-defined token distribution plan. A significant portion (70%) is allocated to the ongoing presale, ensuring a strong foundation for the project. The remaining tokens are strategically distributed for liquidity, team development, competitions, and the Galaxy Fox ecosystem itself.
  • Sustainable Growth Model – Galaxy Fox implements a 6% tax on all buy and sell transactions. These collected fees are then strategically distributed to the staking pool, treasury, and liquidity pool, promoting healthy cash flow within the ecosystem.

Galaxy Fox Presale Enters Stage 9

The Galaxy Fox presale has entered its ninth, with $GFOX priced at $0.002376. Over $4.4 million has already been raised, with a staggering 3.1 billion tokens already acquired by early investors. The final stage promises an increased token price of $0.00264, making this best upcoming ICO a compelling opportunity for those looking to get in on the ground floor.

Why Galaxy Fox Could Be the Next Big Thing

Galaxy Fox combines the addictive nature of P2E gaming with the strategic utility of NFTs. This unique blend, coupled with a well-structured tokenomic model and a thriving community, positions Galaxy Fox as a serious contender in the memecoin space. While established players like $GALA have seen impressive gains,  profit-taking might dampen their momentum. Galaxy Fox, on the other hand, is still in its early stages, offering a high-growth potential for investors who get in early.

Conclusion: Ready to Explore Galaxy Fox?

Head over to the Galaxy Fox website to learn more about this good crypto to buy, its roadmap, and the exciting world of P2E gaming with NFTs. Join the project’s Telegram community to connect with other early adopters and stay updated on the latest developments. Don’t miss out on the chance to be part of a project with the potential to become a major force in the crypto landscape.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Bitcoin: Mike Novogratz Projects $50K as New Floor for BTC Price

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Mike Novogratz, Bitcoin bull and founder of Galaxy Digital, has named the $50,000 price mark as “the new floor” for Bitcoin (BTC).

Mike Novogratz made this declaration while speaking in an interview with CNBC Squawk Box host Joe Kernan. The CNBC host asked Novogratz what he thinks about the price of Bitcoin, known to move from historic All-Time Highs (ATH) to unprecedented lows. 

In response, the Galaxy Digital founder said he believes the era of steeper lows is over, riding on the demands of spot Bitcoin Exchange Traded Fund (ETF) products. 

Is Bitcoin Done With $50,000?

During the chat, Mike Novogratz did not dismiss the possibility of a correction. Bitcoin price has been on a massive rally since the start of the year, jumping as high as 69.13% Year-to-Date (YTD). 

Since last week, Bitcoin price has broken multiple ATHs, with the latest ATH coming in at $73,750, a figure achieved hours before writing. As is historically known, Novogratz acknowledged that “in times like this, you have to be ready for a correction.”

Despite the projections of a pullback, he believes $55,000 will form a formidable region to bounce back. The $50,000 zone is the worst-case scenario projected. Mike Novogratz noted that looking at the charts, targets of $100,000 is possible as the digital currency is in a price discovery mode.

He emphasized that as long as the ETF complex continues to see inflows at its current pace, the price is going to keep growing.

Floor Price Confirmation

Many market experts are bullish on the price of Bitcoin at the moment. Among the traders that believe Bitcoin could soar as high as $250,000 is the legendary trader Raoul Pal.

To solidify the floor price thesis, CryptoQuant Founder and CEO, Ki Young Ju noted as reported earlier that Bitcoin may never fall below its ETF listing value of $46,376. He highlighted a similar trend in gold whose ETF debuted in 2004 at $444, a level the precious metal never traded at again.

Expert Maps Out Three-Step Path for VeChain to Rally 3,316% to $1.6

Prominent crypto analyst EGRAG has identified VeChain’s trajectory toward reaching a $1.6 valuation, envisioning a three-step process.

VET’s price has been hovering around $0.047 for the past few weeks, with no notable swings. This comes after a remarkable 75% surge to $0.05476 within the last 30 days.

While the asset appears to have run out of steam, crypto analyst EGRAG voiced conviction that more is yet to come for VeChain.

In a recent update on X, EGRAG highlighted three key channels concerning VET price and spotlighted the asset’s potential reactions upon catching these thresholds.

The analyst marked the VET trading zones with bullish colors yellow, blue, and green. 

VeChain First Rallying 391% to $0.23

Specifically, EGRAG noted that VET, priced at $0.04683, resides in a yellow zone where VeChain bulls are combating bears to secure a close above the channel. 

According to the accompanying chart, achieving a close above this identified zone implies VET trading at approximately $0.09. 

Furthermore, the analyst argued that if the VeChain bulls execute this move, VET will likely surge into the blue channel, reaching prices around $0.23. Notably,  a $0.23 market value from VeChain’s prevailing market value of $0.04683 requires a significant 391% rally.

Meanwhile, the analyst acknowledged that VET’s entry into such lofty territory may be met with rejection and a subsequent retest of the $0.09 zone. Nevertheless, EGRAG deemed this potential outcome extremely bullish.

Accordingly, he envisions a successful comeback bullish rally that would catapult VET into the $1 territory.  

VET Path to $1.6

Furthermore, the analyst emphasized that VET’s entry and subsequent close inside or above the channel marked green, with prices ranging from $1 to $1.6, are profit-taking targets VeChain enthusiasts can look out for. He expects these targets to materialize in this bull season.

Interestingly, for VET to reach a value of $1.6, the asset must rally by 3,316% from its market value of around $0.046. This price level will make a new peak for the asset, considering its all-time high was $0.2782.

Ethereum Layer-2s See Massive Drop in Transaction Fees After Dencun Upgrade 

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The recently launched Dencun upgrade live up to expectations as Ethereum L2 networks, like Optimism and Base, record massive plunge in transaction fees.   

Following the implementation of the Dencun upgrade, Layer-2 (L2) scaling solutions on Ethereum have recorded a significant decrease in their average transaction fees. 

Dencun Upgrade Rolls Out 

Recall that the highly anticipated Dencun upgrade went live on the Ethereum mainnet yesterday, March 13, at precisely 13:55 (UTC).

Dencun, which represents the most significant upgrade on Ethereum since the “Merge,” introduced a mechanism to reduce transaction costs on L2 networks. 

With Dencun implemented on the Ethereum mainnet, L2 networks found a new way to store data, dubbed Binary Large Objects (blobs).

The blob feature allows L2 networks to store data off-chain, which becomes inaccessible after three weeks, rather than the expensive “call data” solution that stores data permanently. 

L2 Networks Transaction Fees Drop 

Since the Dencun upgrade went live yesterday, it has been living up to expectations as top L2 networks, like Base, Optimism, and zkSync, have seen a sharp drop in their transaction fees. 

Recent data from Marcov’s Dune-based tracker highlight the significant drop in transaction fees across major Ethereum-based L2 networks. 

For instance, the average transaction fee on Optimism, which stood at around $2.44 an hour before Dencun launched, has plunged to $0.068 at press time. Similarly, the average cost of transaction on Coinbase’s Layer-2 Base has also plummeted to $0.196 from $1.212 within the same timeframe. 

Additionally, zkSync’s average fee has dropped to $0.162 from a daily high of $0.546, while Zora network’s transaction cost also fell from $0.752 to $0.003. 

L2 network transaction fees
Ethereum L2 Transaction Fees | Dune

It bears mentioning that the reduced transaction fee trend is dominant across L2 networks that have implemented blobs.

The average transaction costs on L2 networks that are yet to implement the upgrade have remained the same. For instance, Arbitrum falls within this category, as its average transaction cost has fluctuated between $0.65 to $0.84 over the past 24 hours. 

However, the high fee on Arbitrum would soon be a thing of the past, as the team behind the network plans to integrate with Dencun improvements today. 

14-Year-Old Bitcoin Address Cashes out Big, Moves 21 BTC to Coinbase

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A Bitcoin address created during Bitcoin’s early years has become active again, moving nearly 21 BTC ($1.56 million) to Coinbase.

The recent surge in the price of Bitcoin has sparked euphoria among investors. Interestingly, the recovery to previous all-time highs has seen previously dormant addresses from Bitcoin’s early years come to life again.

In the latest of such developments, a Bitcoin address that first had a transaction in April 2010 has become active after nearly 14 years. On-chain data shows that the wallet received a 50 BTC transaction as a block reward in April 2010 and has since held the coins.

However, in a transaction that took place hours before press time, the address moved 20.99 BTC ($1.56 million) to the popular cryptocurrency exchange Coinbase. This left it with a balance of 29 BTC, which it still holds at the time of writing.

Long-term Bitcoin Holding Pays Off

The Bitcoin community on X speculates that the latest unlock was probably a case of an old user finally regaining access to their private key after several years.

Nonetheless, reactivation of the old Bitcoin wallet address serves as a reminder of Bitcoin’s store-of-value potential, especially when held over the long term. 

While miners earned 50 BTC per block at the time, the network has undergone three halvings, bringing the amount of newly issued BTC per block to around 6.25 BTC.

After the next Bitcoin halving, which is on track for April 20, 2024, the cryptocurrency’s inflation rate will become even lower with 3.125 BTC released per block.

Bitcoin’s price has risen 87% on the year-to-date chart amid the latest run. The most popular predictions call for Bitcoin to hit $100,000 before the end of the year, with the cryptocurrency now less than 30% away from the historic milestone.

Elon Musk Says “Dogecoin to the Moon” as Price Eyes $0.2

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Tesla and SpaceX CEO Elon Musk has reiterated his support for Dogecoin, calling for the cryptocurrency’s price to “moon.”

One of Dogecoin’s most influential figures, Tesla and SpaceX boss Elon Musk, has confirmed plans to integrate Dogecoin payments at the electric vehicle manufacturing company. Musk also used the popular “Dogecoin to the Moon” motto, which suggests that prices skyrocket much higher.

The Tesla CEO’s latest comments came during a recent visit to the company’s Giga factory in Berlin. While Musk’s visit was to celebrate the resumption of operations in the facility after an arson attack, the Tesla CEO apparently found some time to send a word out to his Dogecoin supporters at the event.

In a video posted by widely-followed Dogecoin supporter DogeOfficialCeo, a member of the audience asked the Tesla CEO about the possibility of customers being able to buy cars with Dogecoin in the future. Musk responded in the affirmative, saying that his company would enable that at some point.

Musks Also Explains the Decision to Back Dogecoin Over Bitcoin

The Tesla CEO also explained why he has turned out to be more supportive of Dogecoin than Bitcoin over the years. According to Musk, some people working at the Tesla factory and SpaceX had asked him to support Dogecoin on separate occasions.

The multiple requests convinced Elon Musk that Dogecoin was the people’s crypto. In his words, “lots of rich people [already] support Bitcoin,” and since the people wanted him to support Dogecoin, he followed through.

Since initially declaring his support for Dogecoin, the Tesla CEO has sold a collectible only purchasable with DOGE and also pushed for the cryptocurrency’s addition to Twitter’s product. He has also praised Dogecoin’s higher transaction capacity when compared to Bitcoin.

With Musk’s support, Dogecoin has emerged as the leading meme-inspired cryptocurrency and a coin to watch as the cryptocurrency bull run gets into full swing. In the past month alone, Dogecoin has gained 125%, pushing its market cap to around $26.7 billion.

Meanwhile, DOGE currently trades around $0.1867, with many holders hoping for Musk’s positive comment and more bullish sentiment to send it above the crucial $0.2 mark for the first time since late 2021.