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Kusama Explains Why Shiba Inu Will Lead This Bull Season 

Lele Jima
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Kusama Explains Why Shiba Inu Will Lead This Bull Season 

Shiba Inu, lead developer, Shytoshi Kusama, explains why he believes SHIB will take the lead in the ongoing memecoin season.

As the meme coin market continues to see a strong uptrend, there have been speculations regarding which meme-based token will lead others.

According to data from CoinGecko, the valuation of the meme coin market is up 13.7% in 24 hours to $62.7 billion. The two biggest tokens in the meme coin category are Dogecoin (DOGE) and Shiba Inu (SHIB). Both tokens alone have a cumulative market cap of over $44 billion. 

Kusama Disagrees With KuCoin 

With the meme coin season gaining traction, there has been a debate regarding which token will take the lead in the market.

Popular crypto exchange KuCoin joined the debate recently, speculating that the token with the loudest community will lead the meme coin market. 

However, KuCoin’s prediction did not go well with Shiba Inu’s lead developer, Shytoshi Kusama, who openly disagreed with the exchange’s opinion.

Shiba Inu Will Lead This Meme Coin Season 

Reacting, Kusama emphasized that the community possessing the most dedicated supporters, robust tech, well-crafted vision, strategic partners, and effective execution will prevail in the meme coin season.

He added the SHIB hashtag to the tweet, suggesting that SHIB has all the qualities to take the lead in the ongoing meme coin season. Furthermore, Kusama took a subtle shade at KuCoin, implying that the exchange made its X post to get impressions.

SHIB Records Massive Gain, Outpaces Dogecoin

Meanwhile, Shiba Inu has been making strides in the overall market, ranking among the best-performing cryptos in the past week. According to data published by Robinhood, Shiba Inu saw a weekly gain of 154.1%, outpacing other prominent tokens like Dogecoin (DOGE), which surged 35.9% in the weekly charts.

Shiba Inu’s price spike in the past week can be attributed to multiple factors, especially its vibrant community. Enthusiasts of the Shiba Inu project have been instrumental in driving the adoption of SHIB by convincing new investors to buy the token.

The team behind the Shiba Inu ecosystem has also collaborated with top crypto projects over the past months. For instance, Shiba Inu partnered with K9 Finance in February to introduce liquid staking to Shibarium. At press time, SHIB was changing hands at $0.00003514, up 4% in 24 hours.

LK One: The Future of Smartphones Is Here

Esra Zuhal
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LK One: The Future of Smartphones Is Here

In the ever-evolving world of technology, finding a smartphone that truly stands out can be a challenge. But with the arrival of the LK One, the search may be over. This groundbreaking device boasts a unique feature set and exceptional performance, redefining what a smartphone can be.

Token Minting and Hardware Excellence

The LK One isn’t just a phone; it’s a portal to the exciting world of Web3 and digital assets. Its integrated token-minting capability, seamlessly woven into a sleek and compact design, empowers users to effortlessly mint tokens and potentially earn rewards while on the go. This revolutionary feature has resonated deeply with Web3 enthusiasts, making the LK One a highly desirable tool for anyone venturing into the realm of digital assets.

The LK One is engineered for unparalleled performance. It boasts top-tier hardware components, a stunning high-resolution display, and a powerful battery management system. This meticulous attention to detail ensures a flagship-level experience. It allows you to mint tokens, play games, or catch up on the latest news. The LK One’s intuitive interface and effortless minting process have also garnered praise, making it accessible for both seasoned crypto veterans and curious newcomers.

Reliability and Peace of Mind 

For privacy-conscious users, the LK One offers peace of mind. It features advanced encryption, biometric authentication, and robust security protocols. It also safeguards your personal information and tokens from unauthorized access. This unwavering commitment to security instills confidence and allows you to confidently navigate the world of Web3.

More importantly, the LK One transcends the limitations of a typical smartphone. It’s a gateway to a world of boundless opportunities within the Web3 realm. By enabling you to contribute to the LayerK ecosystem and earn rewards, it opens doors to a future where your phone is not just a communication device, but a passport for exploring various spaces within Web3 and blockchain.

The Phone That Has It All

The LK One has garnered enthusiastic user feedback, lauded for its exceptional hardware, user-friendly software, unwavering security, and groundbreaking token-minting capabilities. It’s not just a phone; it’s a promise of a brighter future and an invitation to be a part of the digital asset revolution. If you’re looking for a smartphone that truly sets itself apart, look no further than the LK One. It’s the one phone that has it all, ready to take you into the future of mobile technology and token minting. 

About LayerK

LayerK is a tech company that combines state-of-the-art hardware and innovative software to empower individuals and businesses to become participants in tomorrow’s digital economy. Our cutting-edge solutions leverage advanced computing and blockchain technology to pave the way for a future of individual independence.

Learn more about the LayerK ecosystem by visiting our website or following us on our social media accounts. 

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Expert Outlines Factors That Will Make XRP Succeed and Propel Its Price

Abdulkarim Abdulwahab
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0
Expert Outlines Factors That Will Make XRP Succeed and Propel Its Price

Renowned crypto author Panos Mekras has outlined factors he believes will contribute to XRP’s success and influence its market value, diverging from the prevailing anticipation surrounding a potential lawsuit settlement and ETF listing.

Mekras, Co-founder of Anodos Finance, expressed this sentiment amid the wave of pessimism directed towards XRP. Famous crypto investigator Mr. Huber called attention to this trend in a recent post on X. 

“XRP is Dead” Campaign

Huber observed a chorus of “XRP is dead” reverberating within the XRP community due to its lagging performance compared to its counterparts.

For instance, XRP has increased 19% over the past 30 days. In contrast, rivals like Solana (SOL) have recorded 37%, while BNB has grown by over 50%.

On a sixty-day scale, XRP’s performance crashes to a mere 5% gain while its counterparts maintain significant double-digit percentage growth. This trend has been frustrating to XRP holders.

Nevertheless, Mr. Huber pointed out that history indicates fortunes can swiftly reverse with a single positive development. He cited potential developments that could impact XRP, such as Ripple-SEC lawsuit settlement or an exchange-traded fund (ETF) tracking the asset.

Huber believes those expressing discontent may soon regret selling XRP at today’s prices once positive news emerges.

Crypto Author Thinks Otherwise

In response to Huber’s insights, Mekras expressed heightened enthusiasm for XRP and its ecosystem. 

“And here I am, more excited than ever for XRP and the XRP Ledger (XRPL) ecosystem,” he remarked.

Furthermore, Mekras highlighted the foundation of his heightened enthusiasm for XRP. He emphasized that DeFi-based developments are set to take center stage in the XRP ecosystem, bringing various features never seen before.

In particular, he cited features like automated market maker (AMM), lending, and a sidechain ecosystem with EVM and Xahau. According to him, these features hold more significance than settlements or ETFs for XRP.

Mekras contends that the focus should be on fostering good projects, developing useful applications, and cultivating an active user base rather than solely relying on legal settlements or ETF listings to propel XRP’s growth and price appreciation.

Shiba Inu Faces Minimal Resistance on Path to $0.00008845

Sam Wisdom Raphael
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0
Shiba Inu Faces Minimal Resistance on Path to $0.00008845

The latest Shiba Inu (SHIB) upsurge has broken most of the formidable resistance points, leading to the all-time high of $0.00008845, with minimal resistance left to breach.

SHIB engineered an impressive price surge from late February, surging by an astronomical 379% from $0.000009512 on Feb. 24 to a high of $0.00004563 on March 5. Amid the uptrend, the asset sealed a spot among the largest gainers, outperforming the general market.

Despite facing resistance at the $0.000045 territory and dropping below the $0.00004 psychological threshold, Shiba Inu still maintains an uptrend, with a massive 114% gain over the past seven days.

Shiba Inu Has Breached Its Most Potent Wall

Shiba Inu has now breached most of the potent resistance levels stationed by bears to keep it from reclaiming its all-time high. Blockchain analytics resource IntoTheBlock (ITB) confirms that the rally from late February to early March helped SHIB break above several roadblocks.

Data from ITB reveals that Shiba Inu’s most pivotal resistance point on the journey to the ATH sits between $0.000008 and $0.000014, where up to 444,570 addresses purchased 262.57 trillion SHIB. 

This large volume formed a massive sell wall, which prevented Shiba Inu from pushing to higher levels. The average price for these purchases is $0.000010, suggesting that the sell wall was the major reason behind SHIB’s inability to reclaim and retain the $0.00001 level.

Notably, Shiba Inu continued to flirt with the $0.00001 psychological territory throughout last year. The cryptocurrency mostly traded between $0.000007 and $0.00001 in 2023, with occasional swings and declines above and below these levels. 

However, the latest rally, which began in late February this year, helped SHIB shatter this wall. Once the $0.00001 resistance was breached, the other roadblocks gave in, allowing Shiba Inu to hit $0.00003 in one fell sweep.

SHIB Looks to Resume Uptrend Amid Pennant Formation

Shiba Inu now faces another set of three sell walls before it can recover the ATH of $0.00008845. Nonetheless, these sell walls are rather weak compared to the ones the asset previously broke. 

The first wall is between $0.000039 and $0.000046, and 29,780 addresses purchased 3.52 trillion SHIB. Further data shows that the second wall lies in the $0.000046 to $0.000057 price range, while the third wall has an average price of $0.000067 and a maximum of $0.000131.

Shiba Inu Sell Walls
Shiba Inu Sell Walls | IntoTheBlock

Interestingly, Shiba inu could easily break these walls once it resumes its upward momentum. The asset is currently seeking to push above the wall between $0.000039 and $0.000046, a move which could help it breach the next two roadblocks, leading to a $0.0001 price.

Meanwhile, chart data confirms Shiba Inu’s potential to resume its uptrend. The crypto asset has now formed a bullish pennant structure on the daily chart amid recent price movements. SHIB formed the pole when it soared to the $0.00004563 high, with the flag formation coming up amid the decline and consolidation.

Shiba Inu SHIB Bullish Pennant Formation
Shiba Inu SHIB Bullish Pennant Formation

Shiba Inu is now looking to leverage the next market uptrend, which could begin with a Bitcoin push above $70,000 to breach the flag’s upper trendline. Should this occur, the asset could finally break the three pending sell walls. SHIB currently trades for $0.00003562.

Here are New Projected Timelines for Shiba Inu to Hit $0.001 and $0.01 as SHIB Rises 281% to $0.000035

Sam Wisdom Raphael
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Here are New Projected Timelines for Shiba Inu to Hit $0.001 and $0.01 as SHIB Rises 281% to $0.000035

Shiba Inu recently exceeded expectations when it soared 281% to $0.000035 in a month, triggering new and updated timelines for it to hit the $0.001 and $0.01 price territories.

Despite Shiba Inu’s continuous battles at the $0.00001 price territory throughout last year, market watchers remained optimistic of an imminent price surge, with projections of rallies to $0.001 and $0.01 dominating the community.

Shiba Inu Exceeds Expectations

As these projections gained steam, several analytical platforms presented possible timelines for Shiba Inu to clinch the ambitious price targets. For instance, Changelly predicted that SHIB could only clinch $0.001 between 2033 and 2040. 

Meanwhile, Google’s Gemini chatbot (formerly Google Bard) argued that while such a price is near impossible for Shiba Inu to hit, a projected timeline of ten to twenty years (2034 to 2044) appears feasible. Telegaon also predicted SHIB to reach $0.001 in 2035. The asset was trading for $0.00000977 at the time.

Shiba Inu is up 259% since these projected timelines were made, a much higher appreciation rate than these entities envisioned. Notably, Changelly expected Shiba Inu to only record a maximum price of $0.00001499 this year. The asset’s current price of $0.00003510 is 134% higher than this.

SHIB is also showing potential, with the recent formation of a bull flag, which indicates an imminent resumption of the uptrend. Amid this bullish reality, Changelly and Google Bard have updated their respective outlooks on Shiba Inu, predicting the asset to hit the targets at shorter timeframes.

Updated Timelines for SHIB to Hit $0.001 and $0.01

In an updated report, analysts at Changelly now expect Shiba Inu to hit $0.001 in 2032, projecting a minimum price of $0.001098 by 2032. It bears mentioning that in the report last month, these analysts predicted SHIB to only see a minimum price of $0.0002819 in 2032.

Shiba Inu Price Prediction Changelly
Shiba Inu Price Prediction | Changelly

Moreover, they expect Shiba Inu to clinch the ambitious $0.01 target between 2033 and 2040, predicting a maximum price of $0.0385 in 2040. Notably, in last month’s report, the analysts previously projected Shiba Inu to reach $0.01 in 2050, ten years after 2040.

We queried Google Bard based on the latest market developments. The AI chatbot also reviewed its previous prediction. Bard presented three scenarios for SHIB to rallt 2,749% to the $0.001 territory based on varying monthly growth rates. 

In the first scenario, the chatbot predicted SHIB to surge 917% every month. If this occurs, Shiba Inu could rally to $0.001 in just three months. However, Bard also presents a scenario where Shiba Inu rallies 459% each month, leading to the $0.001 price in six months.

Shiba Inu Price Prediction Google Bard
Shiba Inu Price Prediction | Google Bard

The chatbot’s least bullish scenario puts 12 months between Shiba Inu and the $0.001 price, projecting a 230% increase every month. Recall that Shiba Inu is up 281% over the past month, exceeding the 230% projected monthly growth rate.

SHIB’s explosive surge came on the back of the latest meme coin market run, which sent multiple meme coins to record highs. The asset now trades for $0.00003510, looking to recover the $0.00004 level. SHIB would need to sustain its bullish run to have a go at the $0.001 and $0.01 territories.

Expert Says Something to Happen for XRP this Month, Targeting $1.35

Abdulkarim Abdulwahab
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0
Expert Says Something to Happen for XRP this Month, Targeting $1.35

Tony Edward, the host of the Thinking Crypto Podcast, has reinforced his belief in XRP attaining the $1.35 mark, noting something could happen this month.

XRP has remained an underperformer in the fast-growing bull season, recording no positive gain in the last 24 hours alongside its cumulative seven-day performances shrinking to a negative 0.8% gain.

Meanwhile, XRP’s month-to-date performance is notable, with a 19% growth. However, it dwarfs the performance of rivals like Cardano (ADA) and Solana (SOL), which have registered 36% and 40% gains through the same period.

Despite XRP’s underperformance, leading community figures like Tony Edward of the Thinking Crypto Podcast remain resolute about the asset’s impending momentum.

Something Could Happen this Month for XRP

In a recent post on X, Edward emphasized that XRP’s turn for a shocking market rally is on the horizon. He consented that XRP has a history of coming late to the bull party.

“XRP’s turn is coming. It is always a laggard,” Edward remarked.

Furthermore, Edward acknowledged that XRP’s much-anticipated rise to the top would not emerged without intermittent setbacks. He stated that XRP holders can expect a jaw-dropping explosion once the consolidation ends.

Besides, he anticipates a significant prelude to XRP’s bull trajectory to occur this month. In his words:

“There will be pullbacks before it rips, but when it rips, get ready. Could see something happen later this month.” 

Edward’s statement builds upon his earlier disclosure about anticipating a short-term market rally for XRP. Specifically, he initiated a new trade for XRP outside of his long-term position for the asset late last month.

Edward believes altcoins like XRP are poised to mirror Bitcoin’s trajectory into a new all-time high as more liquidity flows out of the leading asset. He targeted a $1.35 value for XRP at the time while trading at $0.55, which translates to a 145% outlook.

However, XRP has so far surged only 20% from that point to as high as $0.6637 before retracing to $0.6234.

Shiba Inu Lead Kusama Pushes for BONE Listing on Binance

Abdulkarim Abdulwahab
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0
Shiba Inu Lead Kusama Pushes for BONE Listing on Binance

Shiba Inu lead developer Shytoshi Kusama has joined the move to get the BONE token listed on the prominent exchange Binance.

The Shiba Inu Army members recently discovered a pathway to bring about the long-awaited listing of the Bone ShibaSwap (BONE) token on Binance. They have persistently rallied support from fellow members to champion the movement for BONE’s eventual listing on the Binance platform.

Shiba Inu Lead Reacts

Joining this movement is the Shiba Inu development crew’s enigmatic leader, Shytoshi Kusama. In a post on X, Kusama shared with the community the link to vote for BONE’s potential listing on Binance. He urged the SHIB Army to “VOTE VOTE VOTE.”

In a subsequent post, Kusama I reinforced the movement. He encouraged the Shiba Inu community to show their formidable strength and vote en masse for BONE on Binance.

Notably, the voting platform in question is Binance Futures Next, a recent launch by Binance. It allows users to anticipate upcoming token listings on Binance Futures by nominating and allocating “Picks.” 

Each Pick costs 1 USDT and is assigned to the user’s nominated token for potential Binance Futures market listings. Notably, Binance users in the nomination process can commit a max of 100 Picks for each potential listing.

Community Voting for BONE Listing 

As of the reporting time, BONE has secured the position of the third most-voted token in the nomination pool. It has amassed 34,125 “Picks” from 764 community members.

Some community members have voiced concerns about being unable to cast their votes. Meanwhile, others have disclosed that they resorted to virtual private networks (VPNs) to bypass restrictions on accessing the Binance website, eventually enabling them to vote for BONE.

The zeal to secure BONE’s listing on Binance stems from the SHIB Army’s relentless appeals for the platform to endorse the Shiba Inu ecosystem token. Moreover, the substantial obstacle regarding the BONE token’s contract has been overcome.

Despite this development, Binance has yet to list the token, leaving members eagerly anticipating its inclusion. Nonetheless, BONE has secured listings on other prominent cryptocurrency trading platforms, including HTX, MEXC, OKX, and Bitget.

Shiba Inu Lead Reacts to Elon Musk Meme Endorsement

Sam Wisdom Raphael
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Shiba Inu Lead Reacts to Elon Musk Meme Endorsement

Shiba Inu lead developer Shytoshi Kusama recently reacted to a past remark from billionaire Elon Musk, endorsing the importance of the meme culture.

In a recent post on X, Kusama spotlighted a remark made by Tesla CEO Elon Musk. Notably, Musk declared in June 2020 that whoever has mastery of memes would control the universe, a lighthearted comment aimed at endorsing the significance of the meme culture in online interactions.

Shiba Inu Lead Reacts to Elon Musk’s Post

Nearly four years after this post, Kusama’s attention was called to the remark, triggering a reaction from the lead Shiba Inu developer. Kusama’s response came today as a GIF with which he conveyed the word “Soon.”

The developer failed to provide more context on what he expects to happen soon, but given the context, speculation suggests he could be referring to upcoming pivotal developments in the Shiba Inu ecosystem, which he expects to help Shiba Inu push to greater heights.

For context, the ecosystem team has continued to push for multiple projects and products. One such project is SHIB Names, the product of a collaboration between the Shiba Inu ecosystem and D3 Global, which aims to allow Shiba Inu proponents procure custom .shib domain names.

The ecosystem team has also inked partnerships with other projects to bolster adoption. For instance, the team secured K9 Finance as an official Shiba Inu partner last month, allowing the project to become a Shibarium validator. K9 Finance is expected to help contribute to Shibarium’s TVL.

In addition, the upcoming ecosystem tokens SHI and TREAT would boast important use cases that could contribute to Shiba Inu’s push toward more mainstream adoption and publicity. Kusama’s latest remark suggests Shiba Inu’s transformation from a meme sensation to a leading ecosystem.

The Prevalence of the Meme Culture

The meme culture remains a crucial aspect of online social interactions, helping to introduce a sense of humor and lightheartedness to the space. Notably, the culture has sieved into the finance sector, with Dogecoin (DOGE) emerging as the first meme coin in 2013.

Despite being one of the world’s richest billionaires, Elon Musk is a core fan of the meme culture, with his love for memes prompting his advocacy for Dogecoin, the largest meme coin. Shiba Inu emerged to overtake DOGE’s position, and the asset has continued in this campaign.

Notably, it briefly overtook Dogecoin in October 2021 amid the rally to the ATH of $0.00008845. However, the token lost its standing as it faced a retracement. The latest market run has renewed optimism of a potential flip. DOGE currently has a market cap of $24.2 billion, while SHIB boasts a $20.9 billion valuation.

Legal Expert Highlights Factors That Can Take XRP Above $3.4 This Year 

Lele Jima
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0
Legal Expert Highlights Factors That Can Take XRP Above $3.4 This Year 

Despite XRP’s underperformance recently, Attorney Bill Morgan still believes it can reach a new all-time high (ATH) this year. 

For many investors, XRP’s performance has been disappointing, as the coin seems to be missing out on the ongoing bull run. While the prices of most crypto assets, including BTC and ETH, have spiked tremendously recently, XRP has remained around the $0.6 level for weeks. 

It bears mentioning that XRP’s low performance has been attributed to the ongoing legal tussle between the SEC and Ripple. The lawsuit, which was introduced in December 2020, has had a devastating impact on the coin. 

For instance, XRP missed out on the last bull cycle in 2021 as a result of the lawsuit. While multiple crypto assets reached new all-time highs in 2021, XRP could not break its previous ATH of $3.4, recorded in January 2018.  

4 Factors That Can Take XRP to New ATH 

Despite XRP’s low performance in recent times, prominent legal expert Bill Morgan speculated that the coin can still reach a new ATH this year after the resolution of the SEC v. Ripple lawsuit. 

To back up his prediction, Morgan highlighted four factors that could propel XRP for a surge above $3.4. 

First, he said the market needs to see that XRP has legal clarity. He pointed out that XRP received legal clarity in July 2023 when Judge Analisa Torres declared that XRP in itself is not a security. Morgan also emphasized that the declaration cannot be tampered with regardless of whether the SEC appeals the summary judgment. 

According to Morgan, the final resolution of the SEC v. Ripple lawsuit is another factor that could take XRP to an all-time high this year. 

Thirdly, the pro-crypto lawyer noted that the market needs to see that XRP has resumed trading on United States-based exchanges. This factor came into play after Judge Torres declared Ripple’s programmatic sales on digital exchanges as non-security. 

Lastly, Morgan said the market would need to know whether Ripple can still sell XRP to U.S.-based On-Demand Liquidity (ODL) clients.  

He noted that XRP can still surge beyond $3.4 this year without the second and fourth factors. However, both factors are necessary to “unlock the deferred massive impacts of 1 and 3,” he added. 

At press time, XRP was trading at $0.63, up 22.85% over the past 30 days. 

Shiba Inu Whale Moves to Cash Out 299,960,261,700 SHIB

Abdulkarim Abdulwahab
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0
Shiba Inu Whale Moves to Cash Out 299,960,261,700 SHIB

Whale Alert has brought to light the move of an influential Shiba Inu investor who has recently taken steps to capitalize on recent gains from SHIB.

In a recent tweet, prominent crypto surveillance service Whale Alert documented the movement of billion units of Shiba Inu tokens to a renowned market maker. 

Specifically, Whale Alert disclosed that 299,960,261,700 SHIB tokens were moved from an unnamed destination to Wintermute, a well-known liquidity provider in the crypto scene.

At the time of the disclosure, transferred tokens held a monetary value of $10,662,837.

A Cash Out Move

Given Wintermute’s reputation for providing a liquidity route for influential investors, the recent transfer from this Shiba Inu whale to the platform suggests a move to take profit amid the recent gains in Shiba Inu’s market value.

Notably, Shiba Inu features among the leading digital assets that have experienced impressive recoveries from Bitcoin’s recent bearish influence.

In particular, SHIB has printed a 28% rally from the Bitcoin-influenced low of $0.00002942 to as high as $0.00003775 within the past three days.

Wallet Moved 863.99B+ Shiba Inu This Month

Meanwhile, the recent 299 billion SHIB transfer to Wintermute is not the first instance of such a transaction from this particular whale. Blockchain data provides significant details about this whale’s Shiba Inu token movements this month alone.

On March 5, this Shiba Inu wallet took a store of 240 billion SHIB from U.S.-based exchange Robinhood. In a matter of minutes, the wallet transfers to Wintermute.

Similarly, the Shiba Inu investor took out 168 billion SHIB tokens from Robinhood to the market maker the following day. This Shiba Inu whale repeated similar moves on March 7. Yesterday represented their most recent Shiba Inu cash out via Wintermute.

Cumulatively, this whale has transferred 863,991,664,838 SHIB tokens this month to Wintermute. At Shiba Inu’s market value of $0.00003554, these moved tokens wield a monetary value of $30,706,263. 

Significantly, these transactions have coincided with Shiba Inu breaking multi-year highs within the last two weeks.

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