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Reasonings Behind an XRP Price Surge to $288, $412, and $771

Mark Brennan
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Reasonings Behind an XRP Price Surge to $288, $412, and $771

Some pundits believe XRP price has the tendency to soar to $288, $412, and $771, respectively, based on viable technical reasoning.

Market analysts have always considered XRP to be undervalued. Though it currently trades below the $1 threshold, some believe the utility that is coming to its ecosystem could eventually push it to the 3-digit market valuation.

Most of these projections stem from historical context and the adoption of XRP as a key component of the XRP Ledger (XRPL).

Rationale for XRP Surge to $288, $412, and $771

According to a recent insight shared by crypto analyst Javon Marks, the setup that saw XRP touch the All-Time High (ATH) of $3.84 in 2018 might be playing out again.

With XRP forming a bearish descending trendline after collapsing from the $0.0614 high in December 2013, the asset rallied 63,080% to the ATH. Should this historical trend repeat itself, it can potentially push the price of XRP to $288 per piece.

The journey to $412 follows similar reasoning, with Changelly Analysts pegging the potential timeline this might be achieved in 2040.

However, the push toward $771 will take a more deliberate utility boost, possibly through the XRPL. According to the Athey and Mitchnick research calculator, if XRP captures at least 20% of the $50 trillion XRPL volume projected by Archax CEO Graham Rodford, its price could jump north of $771.

Though these price projections come with valid reasoning, the crypto market is speculative, and the forecasts and timeline may or may not come through.

Current XRP Price Outlook

XRP has recorded different shades of price reactions thus far this year. From breaking its 3-year consolidation trend to re-igniting a bullish run per the current trend, the cryptocurrency remains a viable yardstick to measure the market’s dynamic nature.

The current market price of $0.592, with a 1.79% surge in 24 hours, spells a major confirmation of a bull run. The price is currently above the 50-day and 200-day Moving Averages, showing its short- and long-term outlook is positive.

Whether or not the current rally will justify the speculations for triple-digit growth remains uncertain, but the reasoning is sound.

XRP Holders to Finally Receive Evernode Airdrop from Uphold

Mark Brennan
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XRP Holders to Finally Receive Evernode Airdrop from Uphold

XRP-friendly exchange Uphold has begun distributing Evernode (EVR) tokens to eligible customers.

More than two months after Evernode completed the registration stage for its airdrop to XRP holders, the tokens are now finally hitting user wallets.

Popular crypto exchange Uphold, which supported the airdrop, revealed this week that eligible XRP holders have already begun receiving their Evernode tokens.

The Evernode airdrop is one of the most talked about distributions in the XRPL ecosystem, over 423 million XRP eligible, signaling high interest. A snapshot for the airdrop was taken on September 1, 2023, with the distribution now marking the final phase of the process.

Liaising with exchanges such as Uphold evidently makes the distribution faster, as users do not have to perform additional transactions to receive the assets. Instead, users claiming on-chain undergo a more rigorous process.

For the uninitiated, Evernode runs an XRPL-based sidechain designed to bring smart contracts to the network.

Following its mainnet launch in mid-January, developers can now build decentralized applications (dApps) on the sidechain, with EVR serving as the native currency. Validators also receive token rewards in the asset.

Evernode Surges 35% in Month

The latest distribution to Uphold XRP holders comes at a time when Evernode’s native token is enjoying a moment in the spotlight. The cryptocurrency has gained 35% in the past month and was recently listed on CoinMarketCap.

At the time of writing, EVR is currently hovering around $0.24, having peaked at around $0.28 in the past 24 hours. The mild price correction may be attributable to a combination of selloffs from the airdrop tokens received and the broader market drop in momentum. 

According to Uphold, users would receive 0.002089 EVR for holding 1 XRP on the platform during the September snapshot, up to a maximum of 50,000 XRP. For 50,000 XRP, holders will receive 104.4 EVR. 

Cardano Founder Canvasses for Vote to Integrate Cardano on Brave

Mark Brennan
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Cardano Founder Canvasses for Vote to Integrate Cardano on Brave

Cardano Founder Charles Hoskinson has joined the community campaign with the primary goal of integrating the blockchain on the Brave Browser.

The Cardano community has made a decisive move to get on the Brave Browser, one of the unique ways to gain visibility and more widespread embrace. The first move to achieve this has been made with the voting campaign launched on the Brave Community terminal.

To lend his support to the initiative, Charles Hoskinson shared a post on X, urging his more than 978.6K followers to help “get Cardano support in Brave.”

Cardano on Brave: Is The Time Right?

Besides its renown for growth and developer onboarding initiatives, the Cardano community hold several reasons for pushing that the network goes live on Brave. One of these justifications is its market capitalization of $24,340,775,403, which currently places it as the 8th largest cryptocurrency. 

Part of the observations, as shared by proponents of the campaign, include the fact that Solana (SOL), a Cardano competitor, is supported by Brave. The supporters of the “Cardano on Brave” campaign believe that based on technological advancement, Solana is notably inferior.

At the moment, the campaign has garnered a total of 120 votes at the time of writing. Though the threshold remains unclear, more votes would like  drive it closer to its goal.

Blockchain Competition Taking New Twist

As the crypto ecosystem continues on its evolutionary path, many blockchain networks are looking to broaden their accessibility to users.

The battle from some networks to secure an integration on Brave is understandable, seeing the browser has “65.17 million monthly active users and 24.57 million daily active users” that can easily gain exposure to supported projects.

Per conversations on the forum, the scope of the integration is also unclear as some users are not sure if the demand is to support Cardano on the Brave wallet or to add it as a payment option.

However, voters are projecting a multidimensional relationship that might even birth the launch of Brave’s Basic Attention Token (BAT) on Cardano.

Integrating on Brave might help Cardano push harder to hit a similarly massive record for total active addresses like Tron.

Expert Weighs in On XRP Breaking 6-Year-Old ATH of $3.84 This Bull Run

Abdulkarim Abdulwahab
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Expert Weighs in On XRP Breaking 6-Year-Old ATH of $3.84 This Bull Run

A prominent figure in the crypto community voiced his opinion about XRP reclaiming its six-year-old all-time high of $3.84.

Joshua Jake, a host at the Discover Crypto channel, recently contemplated this subject in a post on X. He believes XRP regaining its 2018 ATH in this burgeoning bull market could be a far-fetched dream.

Can XRP Hit All-Time Highs this Bull Run?

Jake’s view came amid Bitcoin’s latest shocking attempt to crack its 2021 peak with a significant 20% rally that has had far-reaching implications for the broader crypto market. 

In particular, BTC surpassed $64k within the last 24 hours. The new threshold puts the asset at a 6% rally away from setting a new record high.

Prominent altcoins like BNB, Solana (SOL), and Cardano (ADA) have mirrored Bitcoin’s path, recording comparable double-digit percentage growth rates. Meanwhile, XRP moves rather sluggishly behind with less comparable percentage growth.

The sluggish movement of XRP has reignited discussions about its ability to reach the $3.84 mark from 2018, especially considering its failure to set new highs in 2021 following Bitcoin’s surge. And now, the asset again shows a notable lag behind Bitcoin’s rally.

LINK and MATIC to Outrank XRP

While XRP remains the sixth most prominent asset, Joshua Jake argued that the competition would replace it in this bull run.

Jake believes rivals like Chainlink (LINK) and Polygon (MATIC), which are at least six steps behind XRP, would gain market share that would see them knock XRP out of its position.

Notably, data from the market tracking platform CoinMarketCap indicates that LINK and MATIC have witnessed 37% and 32% rallies in the last 30 days, respectively. Within the same window, XRP has seen a 13% rise.

Meanwhile, Jake emphasized that there is nothing inherently wrong with holding XRP for those who have faith in it. Nonetheless, he highlighted its significant setback in failing to reach a new all-time high over the past six years.

Essentially, he is unconvinced that XRP would break the jinx this cycle.

Diversify from XRP 

Consequently, Jake encouraged XRP enthusiasts to contemplate diversifying their cryptocurrency portfolios rather than relying solely on XRP.

Jake underscored that Bitcoin is spearheading an unprecedented movement toward establishing a new ATH, especially with its halving just weeks away.

He noted that Bitcoin’s performance will likely garner global attention and trigger a fear of missing out frenzy (FOMO).

However, Jake stressed that the retail FOMO would not necessarily extend to XRP, thereby emphasizing the importance of diversification.

At press time, XRP trades at $0.5939, with a 1.7% gain in the last 24 hours.

Shiba Inu Surges 27.42%, Market Cap Surpasses $8B, Trading Volume Outpaces ADA, LINK, and LTC

Mark Brennan
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Shiba Inu Surges 27.42%, Market Cap Surpasses $8B, Trading Volume Outpaces ADA, LINK, and LTC

Shiba Inu’s volume metrics outperform other major altcoins as the crypto bull run garners momentum.

The price of Shiba Inu (SHIB) has risen over 27% in the past 24 hours, following a bullish trend that has enveloped the cryptocurrency market. Notably, several altcoins have surged by double-digits within the period under consideration.

However, Shiba Inu is leading the pack on a vital metric that underlines investor interest in the project. Precisely, the trading volume for Shiba Inu has soared to around $1.5 billion in the past 24 hours.

Shiba Inu’s figures clearly top that of other altcoins, especially a handful that have a higher market capitalization. For instance, 8th placed Cardano has $1.38 billion, and Chainlink (ranked 12th) has $1.33 billion. Meanwhile, the much older cryptocurrency Litecoin (ranked 19th) has around $1 billion.

Shiba Inu Volume
Shiba Inu Volume

The higher trading volume of Shiba Inu suggests that investors are keenly interested in profiting from the altcoin and capitalizing on increased market volatility. It is also worth noting that Shiba Inu’s higher trading volume is not entirely surprising. 

The cryptocurrency boasts over 1.38 million holders, far more than other cryptocurrencies. Chainlink, for instance, has around 720,000 holders despite having been in the market for much longer.

Shiba Inu Breaks $8B Market Cap

Shiba Inu’s recent price surge has also seen it break above the $8 billion market cap, its highest level since May 2023. For context, the latest milestone means that Shiba Inu has now doubled its market cap from its most recent lows in November.

Investors will remain hopeful that the cryptocurrency will maintain its momentum, buoyed by other key developments in the Shiba Inu ecosystem, such as increased usage of the Shibarium network for smart contracts. The project is also adding new partners to drive the adoption of its offerings.

Either way, Shiba Inu has significant ground to make up if it will reach its previous all-time high. Its current price of $0.00001372 means that Shiba Inu is still around 84% of its 2021 highs.

XRP $37,500 Buyback Proposal Trigger Clash Between Fox Journalist and Valhil Capital MD

Sam Wisdom Raphael
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XRP $37,500 Buyback Proposal Trigger Clash Between Fox Journalist and Valhil Capital MD

In a recent exchange, Fox Business journalist Eleanor Terrett and Jimmy Vallee, the Managing Director of Valhil Capital, found themselves embroiled in a clash over a past XRP buyback proposal.

The controversy revolves around a report Vallee pitched to Terrett two years ago, suggesting that the Federal Reserve could buy back XRP at an astonishing $37,500 per token.

XRP $37,500 Buyback Proposal

It bears mentioning that Vallee previously proposed that XRP could grow to become the world reserve currency, contending that such a position would help the crypto asset displace the traditional financial system, prompting demand from major institutions.

According to the proposal, this demand could eventually result in a series of buybacks from these major institutions, including the U.S. Federal Reserve. Vallee noted that he expects the Federal Reserve to buy back XRP at $37,500, pitching the idea to Terrett in her early days in the community.

The recent heated exchange began when Vallee drew attention to Terrett’s previous post highlighting the buyback proposal two years ago.

An XRP community member chimed in, reminding Vallee that Terrett had reported on the proposal generously but later mocked the idea, as did other credible community members who found it unrealistic.

Terrett responded, acknowledging that she was relatively new to the crypto and XRP community at the time Vallee presented the buyback proposal. She claimed that Vallee took advantage of her lack of knowledge, characterizing the pitch as a mere publicity stunt.

Allegations Around ETHGate

However, Vallee didn’t shy away from firing back. He described Terrett’s post about the buyback proposal as the most courageous thing she had ever done, claiming that she and others at Fox Business had built their careers by riding the coattails of the XRP community for years. 

Vallee claimed that Terrett and her colleagues were propelled forward by the community’s support. He further accused Terrett, Charles Gasparino, another Fox Business journalist, and the entire network of not reporting on what he referred to as “ETHGate.”

This theory from the community alleges corruption within the Ethereum project, and Vallee insists that detailed information was shared with Terrett and other mainstream media (MSM) colleagues. 

Interestingly, Steven Neyaroff, a former Ethereum advisor, recently surfaced with allegations around ETHGate, claiming that the Ethereum founders sabotaged crypto and alleging corruption surrounding the ETH ICO. The XRP community has longed to see Neyaroff present his claims on Fox Business, but this has not happened.

Terrett responded to Vallee, questioning the authenticity of his claims. She questioned the idea that her colleagues and some members of the community had attacked her for reporting on the buyback proposal. When asked about ETHGate, Terrett noted that she would provide an update later.

Shiba Inu Leader Controversial Post Sparks Reactions Among SHIB Holders

Lele Jima
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Shiba Inu Leader Controversial Post Sparks Reactions Among SHIB Holders

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, has stirred reactions among SHIB holders with his recent conspiracy theory post on the X (formerly Twitter) platform.

Per the tweet posted on February 27, Kusama called on Shiba Inu community members to shed light on the mysterious murals displayed at Denver International Airport (DIA) in the United States.

The enigmatic developer stated that he has been hearing about the work of art and would love to know more about it.

Controversial Murals at DIA

Notably, the iconic murals have been drawing attention from people around the world since 1995, when they were first installed at the airport.

Created by Leo Tanguma, the two murals were installed in the east and west baggage claims at the outer part of the airport’s Great Hall. One of the murals is named “Children of the World Dream of Peace” and is located on the east side of the baggage claim, while the second, titled “In Peace and Harmony with Nature,” was installed on the west side.

As travelers wait to collect their luggage, the paintings tell a different story, leaving them to interpret the meaning. Specifically, the painting “Children of the World Dream of Peace” depicts a theme of war vs. peace. On the other hand, the painting “In Peace and Harmony with Nature” symbolizes environmental healing vs. environmental destruction.

Despite the storyline of each mural ending in world peace, travelers, especially conspiracy theorists, have been focused on the destruction aspect of the painting.

Some conspiracy theories about the murals include signs of “new world order (NWO),” Illuminati and Nazi affiliation, among others. In the meantime, the airport staff has moved the “Children of the World Dream of Peace” mural to storage due to renovation.

Shiba Inu Community Reacts

It is unclear whether it was the conspiracy theories behind the paintings that attracted Kusama’s attention. However, his reference to the murals drew the attention of Shiba Inu community members, who took to the comment section to react.

Some noted that the murals are affiliated with aliens, while others suggested they have been covered up during renovation.

Notably, some users sarcastically stated that his comments about the paintings have no relationship with Shiba Inu.

SHIB Surges 27.42% in 24 Hours

Meanwhile, Shiba Inu is currently enjoying the ongoing relief rally across the broader crypto market. The leading canine-themed token is up 27.42% over the past 24 hours and 43.42% in the weekly charts.

Similarly, the price of SHIB has surged 53.31% over the past month and 33.8% since the beginning of the year. At press time, a unit of SHIB was changing hands at $0.00001372.

According to Shiba Inu’s historical performance, the token could surge over 800% in the coming week to $0.0001206.

Here Is When Cardano Can Reach $140.66 to $165.84

Mark Brennan
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Here Is When Cardano Can Reach $140.66 to $165.84

Cardano’s price can soar well into the three-figure region in the coming years, according to a recent prediction by Changelly.

Cardano’s native cryptocurrency, ADA, is one of the largest coins by market capitalization, with a $24.8 billion valuation. However, the coin has often come under criticism in recent times for failing to deliver as much returns as other competing layer-1 blockchains. The project has also had its fair share of challenges with attracting developers to build on the Cardano. 

Nonetheless, a recent prediction piece by popular crypto exchange Changelly tips Cardano to overcome these challenges, causing the price of ADA to soar well into the three-figure region. For context, Cardano (ADA) is currently priced at $0.69, meaning any run to over $100 will be nothing short of massive for its holders. 

Interestingly, Changelly expects such an outcome but warns it could take at least more than a decade and a half for the coin to reach such unprecedented levels.

Cardano Tipped to Reach $140.66 to $165.84 by 2040

Throughout its history, Cardano has delivered over 3,000% gains for investors, according to CoinMarketCap data. However, Changelly expects that figure to rise at least seven times in the future. 

The prediction means that from its current value of around $0.69, the price of ADA would surge to over $140, which would represent around 26,000% returns. The cryptocurrency’s value could also rise as high as $165.84, according to the prediction.

Cardano Price Prediction 2024
Cardano Price Prediction 2024

Evidently, investors will have to exercise remarkable patience, with ADA not expected to reach that range until March 2040. The cryptocurrency industry will have to reach mainstream adoption while Cardano fulfills its ambition of being one of the most widely used blockchains in the space.

Given its maximum supply of 45 billion coins, it is also worth mentioning that a $140 price will mean that Cardano reaches a market cap of $6.3 trillion. The entire crypto market cap stands at around $2.3 trillion, supporting the thought that the entire industry will have to be valued at perhaps hundreds of trillions of dollars for Cardano to reach the predicted price range in the coming years.

Key Developments Around Cardano

While the predicted numbers may appear highly unattainable for Cardano in the short term, the figures suggest that the project has remarkable room for growth in the coming years. Recent developments around the Cardano ecosystem also appear to back the claims.

In recent times, Cardano has witnessed a new surge of interest from users. For instance, memecoins are finally springing up on the network and delivering huge returns for most investors. The memecoin frenzy contributed to unparalleled growth for most blockchains, and Cardano may likely grow its market share in this niche in the coming years.

Meanwhile, the Cardano DeFi ecosystem is currently valued at around $420 million, significantly lower than Ethereum at $53 billion, according to data on DeFilLama. With more projects building on Cardano in recent times, the network could potentially attract more capital to its DeFi ecosystem, which in turn could help the price of Cardano reach the projected figures.

Shiba Inu Lead Kusama Says This New PartnerShib is Massive for SHIB

Abdulkarim Abdulwahab
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Shiba Inu Lead Kusama Says This New PartnerShib is Massive for SHIB

Shiba Inu ecosystem leader Shytoshi Kusama has emphasized the pivotal implication of a new partnership recently secured by Shiba Inu. 

Kusama’s remark came via X while reacting to the latest Shiba Inu Magazine issue, which disclosed details concerning a new “partnerSHIB.”

On Wednesday, Shiba Inu released the 14th edition of The Shib Magazine. One of the key highlights of the publication is the ecosystem’s latest collaboration with Paris-based open-source cryptography firm Zama. 

According to the publication, this new alliance positions Shiba Inu to redefine its growing ecosystem and exceed traditional limits in security and privacy solutions within the blockchain domain. 

Moreover, the Shiba Inu team believes it sets the stage for impending privacy advancement with unprecedented accuracy and foresight.

Shiba Inu Lead Reacts

Following the unveiling, Shytoshi Kusama reacted to the development, stressing its significance for the Shiba Inu ecosystem. 

“Our latest partnershib is a BIG one,” Kusama stated. Furthermore, he urged the crypto community to “pay close attention to why encryption and privacy are important to the Shib Ecosystem and state.”

What the PartnerSHIB Holds for SHIB Army

Shiba Inu’s new partner, Zama, specializes in Fully Homomorphic Encryption (FHE) solutions tailored for blockchain and artificial intelligence (AI). Pascal Paillier and Rand Hindi established Zama, which is now made up of a diverse team of over 70 researchers.

Zama’s primary expertise lies in developing tools for homomorphic encryption, a groundbreaking encryption method enabling data to be processed while remaining encrypted. 

By leveraging Zama’s encryption tools, the Shiba Inu ecosystem can enhance privacy comprehensively throughout its operations. This ensures confidentiality in transactions, user interactions, and data management.

At the outset, Shiba Inu’s solution, enhanced by Zama, will operate on the ecosystem’s upcoming multipurpose token, TREAT. 

Ultimately, the Shiba Inu team noted that this collaboration marks a significant milestone in the progression of Web3. Moreover, they claim it sets new standards in security and data privacy.

The aim is to safeguard the Shiba Inu ecosystem against evolving threats and promote innovation through access to cutting-edge privacy tools.

Shiba Inu Top Developer Says Next Billion Crypto Users Will Be on Shibarium

Lele Jima
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Shiba Inu Top Developer Says Next Billion Crypto Users Will Be on Shibarium

Kaal Dhairya, a top Shiba Inu ecosystem developer, has expressed confidence about the future growth of Shiba Inu ecosystem projects, specifically Shibarium and SHIB.

In a post today, Dhairya called attention to a game-changing development in the ecosystem that has the capability to bolster the widespread adoption of SHIB and Shiba Inu’s L2 blockchain solution, Shibarium.

The Shiba Inu developer emphasized that the “next billion users” in the crypto space are expected to be on Shibarium and adopt SHIB.

Shiba Inu Partners With Zama

Dhairya made this known in reaction to Shiba Inu’s partnership with Zama. This Paris-based open-source cryptography firm specializes in developing cutting-edge Fully Homomorphic Encryption (FHE) solutions tailored for blockchain and artificial intelligence (AI) applications.

The partnership was revealed in the 14th edition of the Shib Magazine, with the Shiba Inu team describing the alliance as “the dawn of a safer blockchain era.”

According to the team, the partnership is centered on securing the future of the Shiba Inu ecosystem by proactively addressing emerging threats, promoting innovation, and allowing developers to forge the next wave of secure and privacy-centric applications.

It bears mentioning that in the traditional setting, working with encrypted data requires one to decrypt it, thus leaving the data vulnerable to security breaches.

However, with Zama’s FHE solution, encrypted data can be worked on without decrypting it. Notably, Zama’s FHE solution offers end-to-end encryption for all online activities.

Benefit for Shiba Inu

By utilizing Zama’s encryption technology, Shiba Inu can enhance privacy across all projects, secure transaction confidentiality and user interactions, and future-proof the ecosystem from emerging threats.

Besides enhancing the Shiba Inu ecosystem’s security, the Zama partnership highlights the team’s commitment to establishing secure and reliable projects for SHIB enthusiasts.

Interestingly, the team disclosed that all upcoming projects leveraging Zama’s technology will run on TREAT, an upcoming multi-purpose Shiba Inu ecosystem token.

Additionally, lead developer Shytoshi Kusama also stressed that other Shiba Inu ecosystem tokens and projects, including SHIB, BONE, Shibdentity, and Shibarium, will benefit from FHE’s integration.

FHE to Enhance Shibarium Adoption

Meanwhile, Shibarium has continued to record widespread adoption from crypto enthusiasts. Less than a year after its launch, the network has processed over 385 million transactions and minted 3.42 million blocks, with more than 1.36 million wallets connected.

Over the past 24 hours, the L2 blockchain has processed over 2.2 million transactions. The network’s low fees have played a significant role in luring new users to the platform.

According to the team, Shibarium fees are as low as 0.0000219 BONE ($0.00001), beating other prominent blockchains like Bitcoin and Ethereum.

Shibarium’s adoption is expected to spike soon as the team integrates Zama’s FHE solution into the Shiba Inu ecosystem. This way, developers can conveniently work on encrypted data without decrypting it beforehand.

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