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Crypto CEO Says XRP, Shiba Inu and Other Altcoins Will Crash for this Reason

Sam Wisdom Raphael
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Crypto CEO Says XRP, Shiba Inu and Other Altcoins Will Crash for this Reason

Several altcoins, including XRP and Shiba Inu, have leveraged the Bitcoin (BTC) uptrend to record their own gains, but an analyst believes these assets could collapse as the market matures.

Samson Mow, CEO of Bitcoin technology company JAN3, reiterated Bitcoin’s unique standing in the broader crypto ecosystem, recently asserting that the rest of the market would not be able to keep up with the pace at which the premier crypto asset runs.

Altcoins Track Bitcoin Gains

Notably, Bitcoin has been on an impressive run since the fourth quarter of last year, extending the price rally into this year. The asset is now up 72% this year amid an extensive uptrend that has seen it record multiple all-time highs.

However, BTC is not alone in these gains. Interestingly, Shiba Inu is up 214% this year, essentially outperforming Bitcoin on the year-to-date timeframe. XRP has also seen a mild gain, with an 11.5% increase this year despite a recent retracement. 

Nonetheless, Mow expects these altcoins to see a massive crash in the long run amid the Bitcoin upsurge. “I’m expecting alts to crash in the coming weeks,” the Pixelmatic CEO remarked in a post on X.

According to Mow, while altcoins have leveraged the Bitcoin uptrend to secure unique gains, they don’t record as much inflows as the firstborn crypto commands. Bitcoin has continued to see record inflows into its investment products, buoyed by the spot Bitcoin ETFs.

XRP, Shiba Inu Trail in Investment Inflows

For instance, on Tuesday, the ten Bitcoin ETF products saw a record inflow of $1.04 billion. These investment vehicles have persistently recorded hundreds of millions of dollars in inflows since they started trading on the open market.

When compared to other assets, Bitcoin truly shines. Last week, all Bitcoin investment products saw inflows worth $2.6 billion. Meanwhile, investment products based on XRP only witnessed $1.5 million, with Ethereum seeing a meager $2.1 million inflows within the same timeframe.

Market watchers have attributed Bitcoin’s sustained uptrend to the constant inflows it records. Based on this rationale, Mow believes the gains recorded by altcoins such as XRP, Ethereum and Shiba Inu, are not sustainable. As a result, he expects a major crash.

He called attention to the fact that Solana (SOL), which boasts a market cap of $73 billion, is much larger than MicroStrategy with a valuation of $30 billion. Mow does not see the logic behind this gap, expecting altcoins such as SOL to give up their lofty positions.

Notably, due to the lack of inflows from investment products, proponents of different assets have also pushed for spot ETFs.

For instance, the XRP community has repeatedly championed the narrative of a spot XRP ETF. Also, Shiba Inu proponents recently launched a campaign for BlackRock to launch a Shiba Inu ETF.

It bears mentioning that this sentiment from Mow directly contrasts opinions from most market analysts in the space. These analysts have pointed out that most of these altcoins have not recovered their 2021 all-time highs, leaving room for more growth.

Tron Network Daily Active Addresses Surpass 2M Over the Past Month

Mark Brennan
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Tron Network Daily Active Addresses Surpass 2M Over the Past Month

The number of Daily Active Addresses (DAAs) on the Tron Network has seen considerable growth over the past month, jumping above the 2 million threshold.

According to data from the crypto analytics platform IntoTheBlock (ITB), the daily active addresses moved from 1.38 million on February 12 when the price of TRX was $0.1247 to 2.04 million on March 11.

In addition to the 55% increase recorded in the DAA, Tron has witnessed notable growth in other key metrics that define its network strength.

Encompassing Tron Network Growth

The IntoTheBlock data shows the daily active addresses growth was not sudden, but saw a climb as sentiment soared over the past month.

From the 1.38 million addresses recorded on February 12, the DAA jumped as high as 2.06 million before finally settling at 2.06 million this week.

The growth of new addresses also recorded a massive uptick, soaring from 175,620 as of February 12 to 246,770 on March 1 before finally settling at 234,540 as of March 11.

Notably, the Tron Network’s growth is complementary, as showcased by the decline in the number of addresses with zero balances.

Data further shows a record of 189,100 zero balance addresses on February 12, a figure that dropped to 141,820 on March 11, depicting more adoption across the board.

A major highlight of the Tron Network’s growth is the total address count which tops 218 million as of March 11, up from the 212 million recorded on February 12.

Tron Profitability Showcase

According to the ITB data and a previous report from The Crypto Basic, Tron has seen an impressive profitability boost in recent times. The current figure pegs the profitability at 89.46% with 107.85 addresses now seeing gains.

While 7.82 million addresses or 6.49% of the total are in loss or “Out of the Money,” the data pegs addresses at break-even point at 4.88 million or 4.05% of the total.

Tron has retained its spot among the top 15 most capitalized assets. However, its price and market cap are down 1.09% to $0.1301 and $11,434,024,984 respectively.

Unification to Support Shiba Inu Payments on Its UNoDE Node Service

Abdulkarim Abdulwahab
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Unification to Support Shiba Inu Payments on Its UNoDE Node Service

Shiba Inu blockchain developer Unification has disclosed that SHIB will be supported in the soon-to-release public beta of its UNoDE.

The Unification Foundation issued this update in a recent blog post addressing a security concern in the Unification community. Among the highlighted updates was the imminent public beta release of UNoDE, the foundation’s node service. 

Meanwhile, a crucial aspect concerns Shiba Inu members, as Unification has approved SHIB tokens as a payment option for its upcoming service. Prominent Shiba Inu community member Jolt spotlighted this development in a recent post on X.

UNoDE imminent Public Beta Release

The Unification Foundation disclosed encountering an unexpected surge in interest from significant partners eager to integrate UNoDE into their blockchain networks. Per the report, the development has necessitated extensive stress testing, which is underway to ensure seamless scalability. 

Essentially, the renewed testing phase, amid the surge in interest in UNoDE, has led to a slight delay in the public beta release.

However, the Unification team perceives this delay as an opportunity. They believe it paves the way for larger partners to extend UNoDE’s usefulness to their communities, broadening the project’s original vision and potential.

Shiba Inu Payment Supported

Meanwhile, the Unification Foundation has also introduced support for payments using various tokens for UNoDE. Per the disclosure, it reached this decision by following community requests and feedback

The supported list of tokens includes Shiba Inu (SHIB), Shibarium gas token, Bone ShibaSwap (BONE), and Ethereum (ETH) alongside the native FUND token. However, the Unification team noted that users opting for FUND tokens will enjoy exclusive pricing and benefits.

UNoDE

Notably, UNoDE is a privacy-focused blockchain node and software service platform. It aims to provide decentralized and trustless transactional systems while ensuring user anonymity and privacy. 

The subscription pricing for UNoDE will vary depending on the size and scope of usage. As outlined in a previous update, potential subscription fees include $5 to $10 per month for the average DeFi user. In contrast, DeFi dApp providers can expect an average monthly fee of around $50.

Overall, the private beta testing for UNoDE is ongoing. The Unification Foundation eagerly anticipates making the public beta available soon.

Cardano Founder Predicts Rise of AI-Powered Crypto Scams in 2025

Mark Brennan
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Cardano Founder Predicts Rise of AI-Powered Crypto Scams in 2025

Cardano Founder Charles Hoskinson has warned of a potential proliferation of Artificial Intelligence (AI) powered scams over the next 12 months.

As highlighted by popular crypto proponent Digital Asset Investor, Charles Hoskinson this year and 2025 may usher in the “largest bull market we’re likely to see.” With it, scams as has never been seen before will emerge with the right tools now at the disposal of cybercriminals to play with.

The post from Hoskinson has generated a lot of buzz in the community, especially with commenters noting how the wave of scams has started sweeping in.

The Cardano Founder Case Study

The Cardano Founder noted in his video that it was the real Charles Hoskinson addressing his audience but that the case may not be so in the coming 24 months with AI video impersonators now in the market.

He specifically mentioned Large Language Model (LLM) applications as tools these scammers may use.

Charles Hoskinson emphasized that mischief makers will impersonate the majority of public figures in the digital currency ecosystem.

He noted that he will likely be an easy target for impersonators to create videos with his face, voice, and mannerisms. While he noted that the content of the videos might vary considerably to solicit funds or to spread fake news about his role, the damage to the market might be irreversible.

He also pointed out that other potential targets for these scammers could be Ethereum founder Vitalik Buterin and Ripple Labs CEO Brad Garlinghouse. Hoskinson noted that with how real these AI scams will be, many are at risk of falling for the tricks.

The Deepfake Menace

As some community members mentioned, there is a growing menace of Deepfake Videos impersonating top market leaders. Brad Garlinhouse remains the favorite of many scammers with different videos of him announcing XRP giveaways, a scheme constantly debunked by Ripple Labs.

As a solution, many expect blockchain to help fight against these scams through tamper-proof storage systems. However, the best approach being taken to fight these crimes includes public awareness and education, a style working for Ripple.

CertiK Highlights Why People Love Shiba Inu

Lele Jima
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CertiK Highlights Why People Love Shiba Inu

Shiba Inu ranks as the third most secure meme-based project on CertiK’s security leaderboard.

With a security score of 90.74, Shiba Inu now ranks as the third most secure meme-based project on CertiK’s Skynet. According to data from CertiK, it is only behind Floki Inu (FLOKI) and Memecoin (MEME).

In addition, the token’s security rating also places it in the 62nd position among all crypto assets on CertiK. Commenting on the development, CertiK said:

“With almost 1.5 million token holders, it’s easy to see why people love $SHIB!” 

Shiba Inu Ranks Among AA Projects

For context, CertiK grades all cryptocurrencies on its platform on a scale of 0 to 100. Based on their scores, these projects are classified into various levels: AAA, AA, BB, B, and C.

With a security score of 90.74%, Shiba Inu is listed among the AA projects on CertiK. Despite ranking at the AA level, Shiba Inu can still make its way to the AAA list.

The team behind the Shiba Inu project is known for its commitment to enhancing the ecosystem’s security infrastructure.

For instance, last year, Shiba Inu made its way to the AAA-listed projects in less than three months after it was downgraded to AA. The cryptocurrency can still replicate a similar feat in the coming months if the team resolves any known security flaw.

Other Security Scores and Fixes

Data from CertiK’s platform shows that the Shiba Inu ecosystem team has solved 11 minor, one medium, eight major, and ten informational issues.

At the time of writing this line, Shiba Inu’s operational resilience score is 92.89%, fundamental health is at 73.25%, governance strength is 95.8%, and market stability score is now around 96.2%.

Additionally, Shiba Inu’s community trust and code security scores currently stand at 95.8% and 92.65%, respectively.

CertiK has built a reputation in the industry and has audited thousands of crypto projects, including Shiba Inu and its partner Bad Idea AI (BAD). While Shiba Inu was audited in 2021, CertiK completed Bad Idea’s audit in 2023.

Shiba Inu: BitPay Customers Can Now Buy Up To $75,000 Worth of SHIB Per Transaction

Lele Jima
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Shiba Inu: BitPay Customers Can Now Buy Up To $75,000 Worth of SHIB Per Transaction

BitPay customers in the U.K. and EU can now enjoy a higher limit of up to $75,000 when purchasing crypto assets, including Shiba Inu (SHIB). 

According to a recent announcement, BitPay integrated Transak, a Web3 payments provider, as an on-ramp solution.

The integration will roll out higher limits, additional payment methods, and increased coin availability for BitPay customers in the United Kingdom and Europe, including Shiba Inu proponents.

Purchase Up to $75K SHIB Per Transaction 

Following the partnership, Shiba Inu enthusiasts in both regions can purchase up to $75,000 worth of SHIB in a single transaction, a major improvement from the previous figure.

The move is a huge milestone for Shiba Inu community members in the U.K. and EU who wish to accumulate more tokens. BitPay’s limit for SHIB purchases in these regions is much higher than the ceiling placed for U.S. customers. 

While BitPay customers in the EU and U.K. would enjoy a transaction limit of $75,000 when buying Shiba Inu, U.S. residents are limited to purchasing a maximum of $6,000 worth of SHIB per transaction. 

Other Benefits of the Partnership 

In addition to buying up to $75,000 worth of SHIB in the United Kingdom and Europe, BitPay customers in these regions can also purchase the token with a minimum of $5. 

This would further increase the number of SHIB holders, as residents in these locations do not need to break the bank before making their first Shiba Inu purchase. 

Furthermore, BitPay customers would also gain access to various payment methods on Transak, including GrabPay and GCash. 

Besides Shiba Inu, the newly introduced features also apply to more than 175 cryptocurrencies supported on BitPay, including Bitcoin, Ethereum, Dogecoin, and Litecoin. 

BitPay Expands Shiba Inu Support 

Since BitPay added Shiba Inu to its list of supported assets in December 2021, the top crypto payment provider has been rolling out new features to enhance SHIB’s utility. 

With BitPay’s solution, Shiba Inu holders can pay their utility bills and buy luxury goods using SHIB. Users can also buy SHIB via BitPay using different payment methods, like Moonpay. 

The news comes at a time when the Shiba Inu community anticipates a significant uptrend for SHIB. Recall that Shiba Inu recently spiked by over 250% in one week. 

At the time, Shiba Inu soared to around $0.00004500 before retracing. Data shows that Shiba Inu has rallied 252% in the monthly charts, 133.9% in two weeks, and 10% over the past week. SHIB is changing hands at $0.00003360, marking a 3% increase in 24 hours. 

American Institute of Physics Acknowledges Ripple and XRP for Disrupting Cross-Border Payments

Abdulkarim Abdulwahab
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American Institute of Physics Acknowledges Ripple and XRP for Disrupting Cross-Border Payments

A recent journal from the American Institute of Physics has recognized Ripple’s efforts in the cross-border payment market, which leverages XRP.

The study aimed to uncover the implications of blockchain technology advancement on global industries. One of the examined perspectives related to remittance transactions, a market Ripple and XRP dominate.

Pseudonymous XRP community figure WrathofKahneman called attention to Ripple’s recognition in a recent post on X.

Notably, the American Institute of Physics’ publication was authored by Ivelina Kulova of the University of Food Technologies, Bulgaria. 

Blockchain Impact for Businesses

Kulova observed that blockchain technology is increasingly being embraced across various sectors of modern life. It spans logistics to banking, owing to its capacity for process automation and its role in addressing trust-related challenges. 

Specifically, the researcher cited adoption by tech giants such as Microsoft, PayPal, Intuit, and DISH Network. Given this trajectory, the university researcher examined several benefits that developing and implementing blockchain technology could offer to companies worldwide’ entrepreneurial and management activities.

One of the highlighted benefits of blockchain technology was increased security and confidentiality. Ivelina Kulova emphasized that in online business transactions, only one-time validation of the sale is typically required. 

According to the university scholar, this setup lacks precise identification of the purchaser, which creates room for facilitating fraudulent purchases. Kulova referenced that in 2020, the total cost of identity theft reached a record high of $56 billion.

On the other hand, Kulova pointed out that a blockchain system necessitates validation across the entire network, verifying both identity and purchases. Kulova believes the system eradicates anonymity and renders fraud more challenging to execute.

Another cited benefit of blockchain technology was cost efficiency in cross-border transactions and remittance services.

Ripple Acknowledged for Disrupting Cross-Border Payments

The researcher highlighted the challenges banks and other organizations face with expensive cross-border transactions.

Building on this premise, Kulova provided an example with Ripple, acknowledging it as one of the organizations leveraging blockchain and cryptocurrencies like XRP to surmount these barriers. 

Kulova added that the Ripple network, which leverages XRP, is now operational in over 40 countries across six continents. The system enables businesses to accomplish nearly instantaneous cross-border transactions at significantly lower costs.

Notably, the recognition of Ripple and XRP as significant players in the cross-border payment landscape has not surfaced for the first time. 

Leading global financial services firm JPMorgan has similarly published research identifying XRP and Ripple as key entities in unlocking $120 billion worth of value trapped in delays within cross-border payments.

Alpha Husky Club Founder Says XRP to Pump Hard, Here’s Why

Mark Brennan
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Alpha Husky Club Founder Says XRP to Pump Hard, Here’s Why

XRP is on track to “pump the hardest” later, according to a projection from an XRP Ledger (XRPL) NFT Project Founder.

King Karan is the founder of The Alpha Husky Club, a Non-Fungible Token (NFT) project on the XRPL. He said XRP has been one of the top performers over the past 90 days. 

He projected the coin would pump the hardest, considering it is behind the majority of coins profiled in the top 50.

XRP and the Crypto In The Top 50

According to the chart shared by King Karan, XRP has grown 6.8% over the past 90 days. The coin is the 49th-ranked asset and only surpasses Monero (XMR), which has recorded a 13.7% drop over the past 90 days.

The top on the list is FLOKI, which has grown by 588.5% over 90 days. PEPE, Arweave (AR), Fetch.ai (FET), and Near Protocol (NEAR) make up the top 5 with 490.1%, 297.5%, 284.4%, and 230.8% growth respectively.

Ethereum (ETH), Dogecoin (DOGE), and Bitcoin (BTC) are closely ranked, with 72.2%, 69.5%, and 68.7% growth recorded within the said time frame. According to King Karan, the fact that XRP is behind the top coins accounts for why he still holds the XRP, as it will pump the hardest in the last.

XRP to pump hard
Image Source: https://twitter.com/KingKaranCrypto/status/1767947571249508692

XRP Price Targets – Expert Forecast

Despite his optimism toward the future growth of XRP, King Karan did not give a price forecast or timeline. Other market experts, however, have always issued forecasts with Cryptobilbuwoo, a popular analyst projecting a cup and handle target of $31. Using the Fibonacci.

Recall that XRP recently surged to a yearly high of $0.7442 but has recorded a mild correction since then. At the time of writing, XRP boasts a price and market cap of $0.6806 and $37,253,492,417 atop a 2.3% slump in 24 hours. The coin’s trading volume is also down by 31% to $2,302,958,245 amid a sustained price correction.

Amidst the uncertainty recorded year to date, Cryptobilbuwoo projected that XRP may soar as high as $51 based on the Fibonacci range of 3.618 to 4.236 shared in a previous analysis as reported by The Crypto Basic.

Shiba Inu Leads Doge, Pepe, Floki as Meme Coins See Record $80B Volume

Sam Wisdom Raphael
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Shiba Inu Leads Doge, Pepe, Floki as Meme Coins See Record $80B Volume

Shiba Inu saw a massive 39% dominance in the meme coin market volume last week, outperforming Dogecoin amid a cumulative $80 billion volume.

The meme coin market recorded an impressive uptrend from late February to early this month, with most assets in this category witnessing massive price surges. This led to a rapid spike in the cumulative market cap of the meme coin market and an increase in volume as investors moved to ride on the upsurge.

Meme Coin Market Records $80B Volume

Market intelligence platform Kaiko recently disclosed that this rise in cumulative volume spilled into last week. Notably, the meme coin market recorded an impressive $80 billion weekly trading volume last week, dwarfing the performance of other market categories.

According to Kaiko, this figure marked a multi-year high, with leading market players such as Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Floki (FLOKI), and Bonk (BONK) making their mark.

Shiba Inu Contributes $31B

However, Shiba Inu (SHIB) saw the highest contribution, commanding a massive $31 billion of the total $80 billion volume witnessed by the entire meme coin market last week. This figure marked a 39% dominance for Shiba Inu. Kaiko confirms that SHIB’s volume surpassed Dogecoin’s contribution, which stood at $23 billion.

Interestingly, Shiba Inu also outperformed other prominent altcoins outside the meme coin category, including Solana (SOL). The Crypto Basic called attention to this feat in a series of reports, as Shiba Inu’s 24-hour volumes towered above figures recorded by other leading altcoins.

For instance, SHIB saw a volume of $1.5 billion on Feb. 29, outranking Cardano (ADA), Chainlink (LINK), and Litecoin (LTC). SHIB’s trade volume surged to $13.4 billion on March 5, allowing it to outperform XRP, Dogecoin, BNB, and Solana.

The Crypto Basic disclosed on March 7 that Shiba Inu ranked fourth place on the list of assets with the largest trading volumes, excluding stablecoins. The crypto assets were only behind Bitcoin (BTC), Ethereum (ETH), and Solana despite the fact that the data did not account for volume on Robinhood.

Shiba Inu Seeing Growing Interest

Shiba Inu’s dominance in trade volume is a representation of the growing interest the asset has continued to command. A recent ConsenSys survey attested to this increasing interest, with most Americans noting that they favor SHIB above other altcoins such as SOL and ADA.

Moreover, data from Coinglass confirms that Shiba Inu is also seeing rising open interest, which is another testament to growing market interest. SHIB OI rose to $137 million on March 6, marking the largest figure recorded since October 2021. Meanwhile, the volume of drivatives trade currently sits at $700 million.

XRP Drop Accelerated With Mysterious 140M XRP Move by Ripple

Mark Brennan
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XRP Drop Accelerated With Mysterious 140M XRP Move by Ripple

The price of XRP dropped even lower as market participants spotted a potential move from Ripple to sell millions worth of the crypto asset.

After reaching a new high around $0.74 on March 12, XRP’s price met strong resistance, pushing it lower to the $0.67 level. However, buyers gained the upper hand, helping prices recover as high as $0.7 in the space of a few hours.

Nonetheless, market participants appeared to have been spooked into another sale following a large transaction associated with Ripple.

As spotted by the data tracker Whale Alert, Ripple transferred 140 million XRP ($95 million) to a different address. In turn, the address moved 18.79 million XRP ($12.7 million), still holding a balance of 169 million XRP (approximately $114 million) at the time of writing.

Community Speculates on the Reason Behind the Latest Transfer 

The reason behind the latest transfer has remained a subject of much speculation, with some in the XRP community viewing it as a move by Ripple to profit from XRP’s recent climb. As is widely known by the market, the company controls a large portion of the XRP supply and periodically sells XRP for its operational needs.

The transaction history of the receiving address adds to the speculation that the latest transfer is a potential selloff move. The address typically receives a large chunk of the cryptocurrency and moves it out in smaller chunks in a pattern resembling periodic sales.

The latest pattern differs from large on-chain XRP transfers potentially used for Ripple’s on-demand liquidity (ODL) transactions. In the latter case, the address typically receives XRP and moves the tokens within minutes of receiving them.

While nothing is conclusive, the market’s reaction to the large transfer has been noteworthy. XRP dropped as low as $0.67 in the hours following the transfer but has bounced to $0.68 at the time of writing. 

Overall, XRP lost 2% on a day when most cryptocurrencies within the top 10 rallied significantly. To its credit, the coin has maintained an impressive 9% gain in the past week, but the market will have to see more buyers for it to remain convinced of a continued uptrend.

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