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Here’s How Much XRP You Need to be a Millionaire if XRP Hits $11.26, $28.20, $56.55, $156.36 or $521.69

Sam Wisdom Raphael
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Here’s How Much XRP You Need to be a Millionaire if XRP Hits $11.26, $28.20, $56.55, $156.36 or $521.69

XRP has the potential to make millionaires out of investors, but this could only materialize if the cryptocurrency records rallies to lofty price targets against the appropriate investment capital.

Some XRP proponents have continued to hold onto their tokens, hoping to see a price appreciation that could bring them the much-coveted millionaire status. However, raking in $1 million with XRP would depend on two factors: the capital invested and the rate at which XRP skyrockets.

XRP already has a history of massive price surges, further bolstering the confidence proponents have in its potential to record massive gains. For instance, the token rallied from $0.005 in February 2017 to the ATH of $3.31 in January 2018, marking a 66,100% rise in a year.

With the price surge to $3.3, an investor who purchased XRP with a mere $1,515 when it dropped to $0.005 in February 2017 witnessed their investment skyrocket to $1 million in January 2017. Despite the bigger roadblocks to similar surges, some investors remain confident amid prevalent price projections.

XRP Needed to Make $1M at $11.26, $28.20 and $56.55

One such projection sees XRP clinching $11.26, which represents a 1,978% rise from its current price of $0.5418. Should XRP hit $11.26, an investor would need to hold 88,809 XRP tokens to sit on a $1 million investment. They could get these tokens for $48,116 at the current price.

For those who believe XRP could reach the $28.20 projected target, holding 35,460 XRP at this price point would bring them $1 million. These 35,460 tokens are currently worth $19,212. Meanwhile, if XRP ever hits $56.55, an investor would require 17,683 tokens to see $1 million. They could get the 17,683 tokens now for $9,580.

XRP Needed to Make $1M at $156.36 and $521.69

While some market participants believe these two-digit price projections might be too ambitious for XRP, others already have their eyes set on loftier three-digit targets, such as $156.36 and $521.69. Multiple commentators have dismissed these targets as wishful thinking, but this has not stopped the anticipation.

Investors looking to see XRP at $156.36 would need to hold only 6,395 XRP to make $1 million. Notably, they could procure the 6,395 XRP tokens for $3,464. For the ambitious, a mere 1,916 XRP would be worth $1 million. Interestingly, the 1,916 tokens currently go for $1,038. 

Projected Timeline for These Price Targets

Meanwhile, the major issue rests with XRP’s ability to claim these price targets, as even the lowest projection would require a massive price appreciation. To this end, crypto exchange platform Changelly recently projected a timeline for the asset to reach the targets.

The Changelly team expects XRP not to hit a double-digit price until seven years later, in 2031. They believe XRP would clinch $11.26 in December 2031, further expecting the asset to rise 150% from this value to $28.20 in December 2033.

XRP Price Prediction Changelly 8
XRP Price Prediction | Changelly

Moreover, the team sees XRP at $56.55 in January 2040, about 16 years from now. According to them, XRP could further skyrocket to a three-digit price in 2040 shortly after hitting $56.55 at the start of the year. They expect the asset to claim $156.36 in April 2040 and $521.69 in December 2040.

Nonetheless, investors should understand that there is no guarantee that these projections would materialize. While XRP has a history of massive surges, past performance does not guarantee future results. As a result, it is important not to consider these projections as investment advice.

Attention SHIB Holders: Shiba Inu Issues New Warning 

Lele Jima
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Attention SHIB Holders: Shiba Inu Issues New Warning 

The Shiba Inu ecosystem team issues another critical warning as scammers attempt to defraud unsuspecting investors following the launch of SHEboshi, a DN404 token. 

In an X post today, Shiba Inu’s marketing lead, Lucie, cautioned SHIB holders to be wary of scammers. 

No Official Airdrop

The seasoned marketing expert who usually follows trends within the Shiba Inu community warned that the team has no ongoing airdrop campaign. 

Apparently, malefactors have launched a fake giveaway campaign to swindle unsuspecting Shiba Inu investors. 

Notably, Lucie emphasized that any ongoing airdrop within the Shiba Inu ecosystem is a trap designed to steal users’ assets. 

Tips to Stay Safe 

Furthermore, the prominent marketing lead shared some safety tips to keep users safe. According to Lucie, holders of Shiba Inu ecosystem tokens should always visit the official channels on Telegram and Discord to check whether or not any giveaway link posted on X came from the team. 

In the meantime, she shared a link to SHEboshi’s official account on the X platform to keep users updated. 

Her recent warning about fake giveaways within the Shiba Inu ecosystem follows a similar message she shared yesterday on X. 

While commending Shiba Inu’s recent growth, Lucie urged the community to be wary of scams. Per Lucie, it is imperative to conduct due diligence before investing in any crypto project that requires users to connect their wallets to a platform.  

Shiba Inu Identifies Potential Scam 

The Shiba Inu team has proven to be ahead of scammers as they consistently issue warnings to protect community members. 

Yesterday, the official X account of Shibarmy Scam Alerts raised concerns about a project with the handle ‘@thesheboshis.’ The project purports to advocate empowerment and equality for everyone while attributing itself to SHEboshi to claim affiliations with the recently launched Shiba Inu’s DN404 token. 

Expectedly, Shibarmy Scam Alerts warned Shiba Inu’s community members to be wary of the project, which posts phishing links targeting unsuspecting SHIB investors. 

Scammers Activities Heighten After SHEboshi Launch 

Following the launch of SHEboshi, scammers have intensified operations in the Shiba Inu community. These illicit actors deploy malicious tactics to lure users into clicking phishing links.  

Recall that SHEboshi sold out instantly in the second phase of the minting process, with many investors missing out. Consequently, scammers launched fake SHEboshi giveaways to prey on users who could not acquire SHEboshi during the minting phase. 

Clicking the phishing link and connecting your wallet to the fake platform for the giveaway would give the scammers complete control over your funds. 

To avoid being scammed, it is advisable to always conduct due diligence before connecting your wallets to any platform. 

Expert Highlights 3 Crucial FSRF Levels XRP Needs to Break To Hit $2

Sam Wisdom Raphael
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Expert Highlights 3 Crucial FSRF Levels XRP Needs to Break To Hit $2

Crypto market analyst EGRAG recently detailed three crucial resistance levels XRP would need to break on its journey to reach the projected $2 price target.

XRP has suffered the impact of the latest market correction, recording losses on four consecutive days as it plummets below the $0.54 price level. However, the turbulence has not affected the confidence of some analysts, who believe the token is poised for a resurgence.

Veteran chartist EGRAG is one such analyst. EGRAG has continuously championed the narrative of an XRP surge to the $2 territory. In a recent analysis, he presented some crucial price levels that the crypto asset would need to breach before clinching the projected price.

According to the analysis, these crucial zones align with several Fibonacci Speed Resistance Fan (FSRF) levels. The FSRF is a tool that uses Fibonacci retracement levels to identify potential resistance areas in an upward-trending market. It helps traders spot possible reversal or consolidation points.

Pivotal XRP Resistance Levels 

EGRAG noted that XRP is currently in a pivotal position following the resistance from the July 2023 spike. Recall that XRP rallied to $0.9396 on July 13, 2023 upon the ruling from Judge Analisa Torres in the Ripple vs. SEC lawsuit. The resistance it faced at $0.93 aligned with the FSRF 0.618 level.

Interestingly, this FSRF 0.618 resistance level has continued to slope downward, and now aligns with the $0.75 price territory. EGRAG emphasized that this level will present the next resistance for XRP as it resurges in the push toward the $2 threshold.

Should XRP breach the FSRF 0.618 at the $0.75 price level, the next pivotal resistance point would come up at the $1.1 price, aligning with the FSRF 0.75 resistance level. The last time XRP saw $1.1 was in November 2021 when it attempted to ride on the 2021 bull run.

If the crypto asset successfully towers above the FSRF 0.75 resistance at $1.1, the bears would station a roadblock at the Fibonacci extension level of 1.618, which currently aligns with the resistance at $1.54. It is important to note that Fib. 1.618 is not a Fibonacci Speed Resistance Fan. 

Upon breaking above the $1.54 roadblock, XRP could sail to the FSRF 1 level at $1.96, resulting in a move to the $2 territory. EGRAG noted that the market would experience massive FOMO once XRP breaks the $2 level, leading to an influx of demand that could take the token to $27.

Expert Predicts When BlackRock Could Potentially Launch XRP ETF

Lele Jima
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Expert Predicts When BlackRock Could Potentially Launch XRP ETF

The industry commentator speculates that a BlackRock ETF filing for XRP would come after the SEC v. Ripple lawsuit resolution.

Prominent crypto industry commentator Ashley Prosper has predicted when BlackRock might file for a spot-based exchange-traded fund (ETF) for XRP.

In a recent post, Prosper asserted that it is a widely acknowledged fact that BlackRock will eventually launch an XRP ETF. Consequently, he expects the top asset manager to apply for the listing of an XRP ETF after a resolution of the lawsuit between the SEC and Ripple.

He noted that BlackRock would launch an XRP ETF regardless of how the lawsuit ends, whether it is through a settlement or a final judgment from Judge Analisa Torres.

Prosper’s remark comes days after Ripple former director Sean McBride predicted that the crypto community would see an XRP ETF this year or in 2025.

Ripple Lawsuit Edges Close to a Resolution

It bears mentioning that the SEC v. Ripple legal tussle has taken a massive toll on XRP. Several companies have distanced themselves from XRP despite Judge Analisa Torres declaring it as a non-security.

At the moment, the case is currently in the remedies stage. With legal briefs expected to be filed next month, top experts believe a resolution could come up this year.

The possibility of the case heading to the Second Circuit remains uncertain. If the lawsuit is resolved as speculated, it could pave the way for the potential launch of an XRP ETF in the U.S., supposing the forecast materializes.

Discussions About Potential XRP ETF Swirls

Meanwhile, following the launch of multiple Bitcoin spot-based ETFs in January, there have been discussions regarding the prospects of a similar product rolling out for XRP.

These discussions heightened recently after Ripple CEO Brad Garlinghouse said the potential launch of multiple spot-based ETFs around different tokens, including XRP, is inevitable.

However, he was economical with his response on whether Ripple is in talks with top asset managers like BlackRock for the potential launch of an XRP ETF.

“I’m not going to comment on that. I know BlackRock has said some things publicly,” Garlinghouse stated in an interview with Bloomberg’s Kailey Leinz.

Despite refusing to comment on the matter, Garlinghouse noted that BlackRock rolling out an XRP ETF would make sense to the community.

Prospects of BlackRock Launching XRP ETF

BlackRock has been at the center of discussions concerning the possible launch of an XRP ETF. This comes after a bogus XRP ETF filing from the asset manager made its way to the Delaware ICIS last year. The company quickly dismissed the filing as a fake.

However, BlackRock has since been roped into discussions regarding the prospects of launching the product. During an interview with Fox Business’ Charles Gasparino last year, BlackRock CEO Larry Fink refrained from discussing the company’s plans to launch an XRP ETF in the future.

As Fink’s response stirred speculations that BlackRock could be considering launching an XRP ETF, Gasparino dismissed these claims in a follow-up tweet.

Citing sources with direct knowledge of the matter, Gasparino said the company has no plans to launch an XRP ETF. He emphasized that the July verdict put XRP in a gray area, suggesting that the ruling implies that XRP is simultaneously non-secure and partially secure.

Whether or not BlackRock would apply to launch an XRP ETF after the lawsuit is resolved remains to be seen.

Experts Say This Coin Can Beat Market Giants With Class-Leading Returns

Andrew MacGill
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Experts Say This Coin Can Beat Market Giants With Class-Leading Returns

Investors and experts are actively tracking the performance of multiple assets, including Bitcoin and altcoins like IMX, KAS, TIA, STX, and Avalanche. With Bitcoin surging towards $52,000, optimism permeates the market, while Avalanche’s journey from its peak to $34 in 2024 prompts speculations about its future. As analysts delve into short and long-term projections, the innovative BlockDAG (BDAG) emerges as a promising contender, offering a unique blend of technology and investment potential. In this dynamic environment, Avalanche price prediction remains a focal point for traders and enthusiasts alike.

Resistance Looms as Bitcoin Nears $52,000

Bitcoin’s surge towards $52,000 has fueled optimism in the crypto market, with altcoins like IMX, KAS, TIA, and STX following suit. Bitcoin’s 13% weekly gain signals bullish momentum, supported by $2.7 billion in inflows into Bitcoin ETFs. However, Material Indicators’ CEO Keith Alan warns of resistance near $52,000.

In the charts, Bitcoin faces tough resistance at $51,970, with potential consolidation between $51,700 and $51,897. A break above $51,897 could lead to a rally towards $53,000 and $60,000, while a sharp downturn may signal a deeper pullback. The market awaits Bitcoin’s next move amidst heightened volatility.

Durango Upgrade Spurs Interest in Avalanche

Avalanche has seen significant volatility, reaching an all-time high of $146.22 in 2021 but declining to $34 in 2024. Speculations about its future abound as analysts assess its trajectory. Despite turbulent periods, events like the Durango upgrade and the Vryx scalability solution have stirred interest. Short-term predictions range from $29.96 to $63.63, while long-term projections for 2025 vary from $59.29 to $71.67.

Looking further ahead, forecasts for 2030 diverge widely, with estimates ranging from $148.23 to $416.66. However, these forecasts come with a disclaimer about the unpredictable nature of the crypto market, influenced by factors such as investor sentiment and regulatory changes.

BlockDAG Coin Poised to Rule the Market

BlockDAG Coin stands out for its innovative fusion of Directed Acyclic Graph (DAG) structure and Proof-of-Work (PoW) consensus, ensuring scalability and security beyond traditional blockchains. The $1 million raised in the Batch 1 presale underscores investor confidence and signals BlockDAG’s potential. In Batch 2 it continues to garner support, establishing itself as a promising investment opportunity by crossing over $1.5 million within just a couple of days.

Trading at $0.0015 in batch 2 of its presale, BlockDAG positions itself for substantial value increases post-presale on top exchanges, offering potential 10x returns. Its diverse income streams, from Coin Investment Strategy to Mobile Mining Convenience, cater to various investor preferences, amplifying profit potential. With a clear roadmap and team confidence, BlockDAG offers a compelling chance to capitalize on its growth and potential market dominance.

Investor Confidence Amid Crypto Volatility

Finally, Bitcoin’s climb and the optimistic scenario around currencies such as Avalanche reflect the changing conditions of the crypto market. While short-term predictions vary, the long-term trajectory of projects like BlockDAG showcases the innovative strides within the industry.

Investors navigate volatility with cautious optimism, recognizing the potential for significant gains and the inherent unpredictability. Amidst this backdrop, Avalanche price prediction remains a topic of keen interest, highlighting the continuous evolution and uncertainty inherent in cryptocurrency.

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Dogecoin May Soar 28,770% If This Historical Pattern Plays Out

Mark Brennan
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Dogecoin May Soar 28,770% If This Historical Pattern Plays Out

Dogecoin (DOGE) price has displayed a major set-up that has the potential to trigger an unprecedented rally moving forward.

While most digital currencies are generally unpredictable, some historical trends are likely to resurface again. This is what is happening with Dogecoin, as spotted by a top market Analyst, Ali Martinez.

According to Martinez, with the current ecosystem trend, Dogecoin is displaying a similar pattern as it did in 2020, a trend that, at the time, served as a precursor to a 28,770% rally.

 

Dogecoin to Soar to $24?

In Martinez’s analysis, he presented Dogecoin’s weekly chart that shows a visible descending triangle. Before the 2020 era breakout, Dogecoin slipped from a price of $0.00887 in early January 2018 to a low of $0.002. From here, the coin entered a long consolidation period that lasted until January 2021, when the price returned to $0.00887.

The breakout recorded from this level pushed the meme coin’s price to its All-Time High (ATH) of $0.7376. From this ATH, Dogecoin’s price dropped to a low of $0.05747 over the past year.

As Martinez pointed out, DOGE has already broken out of a Descending Triangle following the more than 8.8% growth it has recorded over the past month. As it stands, the coin is now in the long consolidation phase that might serve as a springboard for the price to soar to $24 should a similar rally as the 2020 cycle resurface.

One Little ‘But’

While the growth potential of Dogecoin cannot be shoved aside, its current circulating supply may serve as the stumbling block for it to hit this massive price target.

A $24 price tag at the current circulating supply of 143,192,426,384 DOGE will place the market capitalization at $3,436,618,233,216, a figure that appears relatively unrealistic for an asset with little intrinsic value compared to Bitcoin (BTC). At the moment, DOGE is worth $0.0841 and has a market capitalization of $12,040,841,041, showing the massive change the $24 mark will bring.

Nonetheless, the DOGE community is enthusiastic about what the future holds, with the $1 price mark remaining the key goal in the long term.

Market Watcher Sounds Alarm for Cardano Price Crash, Here’s Why

Abdulkarim Abdulwahab
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Market Watcher Sounds Alarm for Cardano Price Crash, Here’s Why

Cardano (ADA) may be facing a more pronounced downturn in the coming days as a reliable technical indicator has flashed a bearish signal.

Cardano has exhibited volatility in the last 24 hours as the asset breaks below the $0.6 territory it only recently reclaimed. Data from CoinMarketCap indicated ADA reached as low as $0.5793 within the past day.

Besides, the recent trend has invalidated most of ADA’s gains since the past week, putting its one-week performance at a negative growth rate of 3.64%. 

While the current fluctuations may seem moderate, renowned market analyst Ali Martinez suggests that Cardano holders could anticipate more significant declines soon.

In a recent post on X, Martinez highlighted that a sell signal has emerged for ADA on the 3-day time frame chart.

The analyst referenced the TD Sequential technical indicator as the origin of the bearish signal. He underscored that historically when the indicator flashed a sell signal for ADA, the asset experienced declines.

The chart accompanying the tweet highlighted specific instances where forecasted bearish signals had proven accurate.

One notable example was the volatility Cardano experienced in January, which resulted in its price dropping to $0.4768. This decline followed a bullish rally that had propelled its price above $0.64 in December 2023.

Meanwhile, the analyst did not indicate how low ADA could fall in the projected price correction.

$8 Outlook Remains Intact

In response to Martinez’s bearish signal, a concerned market participant sought clarification regarding his earlier projections of ADA reaching lofty highs such as $0.8 and $8 during this emerging bull season.

The analyst replied that the projections remain valid regardless of the projected price correction.

Notably, Ali Martinez proposed that history could repeat itself with Cardano’s explosive rally occurring earlier than expected.

He anticipates the asset to initially claim the $0.8 territory, with a potential price correction bringing it back to around $0.6 before ultimately rallying by 1,200% to reach $8.

Binance Announces 2 PEPE Giveaways as Expert Predicts Potential 114% Price Spike

Lele Jima
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0
Binance Announces 2 PEPE Giveaways as Expert Predicts Potential 114% Price Spike

Binance, the world’s largest crypto exchange by 24-hour trading volume, has announced two giveaway campaigns for enthusiasts of meme-based cryptocurrency Pepe (PEPE). 

According to an announcement today, the two promos center on Binance’s Simple Earn Locked Products, with winners promised a massive reward of 700,000 PEPE each and an exclusive bonus of up to 9% APR. 

First Promotion 

Notably, the first giveaway campaign requires new users of Binance’s Simple Earn Locked Products to learn about the memecoin. 

Afterward, the users will be required to test their knowledge by completing a quiz within the promotion period. The campaign, which commenced today at 14:00 (UTC), is slated to end on March 7, 2024, at 06:00 (UTC).  

According to the announcement, the first 50,000 users who correctly answer all questions in the quiz will receive 700,000 PEPE each. Binance will distribute the rewards to the winners as a 150-day PEPE Locked Products position on March 20, 2024. 

Second Promo 

The second campaign requires users to subscribe to PEPE on the Simple Earn Locked Products between March 1, 2024, and May 31, 2024. Per the announcement, the subscription format will be on a first-come, first-served basis. 

Users who subscribe with 10,000 to 500 million PEPE will receive an exclusive bonus tiered APR of 9% alongside a real-time APR. 

In addition, you will only receive a real-time APR when you subscribe to the product with over 500M PEPE. While the minimum subscription is 10,000 PEPE, the maximum amount is set at 1 trillion PEPE. 

Expert Projects PEPE Rally to $0.00000274 

Binance’s giveaway announcement follows PEPE’s breakout. The token surged to a high of $0.00000140 in the daily chart before consolidating within the $0.0000013 price level.

At the time of writing, a unit of PEPE was trading at $0.00000128, up 9.3% over the past 24 hours.

Meanwhile, famous crypto analyst Ali Martinez forecasted that PEPE will continue its rally in the coming days. According to him, the meme-based token will first surge to $0.00000166 before making a bullish run toward $0.00000274.

Hitting the $0.00000274 target would require PEPE to rise by 114% from its current price.

Martinez’s recent analysis comes nearly two weeks after he called attention to a buy signal on PEPE’s 3-Day chart. At the time, he noted that the signal indicated a bullish impulse for the token.

Shiba Inu Sends Important Warning to Community

Mark Brennan
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Shiba Inu Sends Important Warning to Community

Drawing on the prevalence of impersonation of its latest community project Sheboshis, Shiba Inu has sent a note of caution to its token holders.

Shiba Inu is always innovative, and the emergence of Sheboshis attests to this trend. Sheboshis is unique in that it adopts the DN404 Standard, combining the benefits of ERC-20 and ERC-721 standards respectively. 

Per its design, Sheboshis aims to revamp the “liquidity and fractional ownership” provisions in the digital collectibles ecosystem. With the innovation still in its infancy, scammers are now trying to swindle users with false ties to Sheboshis, riding on its attractiveness.

Shiba Inu Sends Caution

The official X account of the Shibarmy Scam Alerts flagged a project with the handle ‘@thesheboshis,’ which claims to be advocating for equality and the empowerment of everyone. The project gave attribution to “SHEBOSHI” as if to show affiliation to the Shiba Inu-backed project.

The Scam Alert advised users to be careful of the project as it posts phishing links targeting members of the Shiba Inu community. SHIB holders were advised to avoid clicking the links as there is no basis to approve anything.

 

The scam alert account advised members of the community to report the account as a means to protect innocent investors and users.

Prevalence of Crypto Scam

The digital currency ecosystem is susceptible to various scams, with users who do not exercise caution likely to be drained of their hard-earned funds.

Over the past year, several impersonations have been specifically targeted at the Shiba Inu ecosystem and other outfits like Ripple Labs. Executives of Ripple are often featured in Deepfake videos advertising XRP giveaways.

Ripple officials are also always issuing warnings similar to those sent to members of the Shiba Inu ecosystem. The goal remains to create as much awareness as possible so that crypto investors can be better armed to wade off these fraudulent schemes.

Ripple CTO Explains Why Currency Was Named XRP

Abdulkarim Abdulwahab
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0
Ripple CTO Explains Why Currency Was Named XRP

Ripple’s Chief Technology Officer, David Schwartz, has explained the process behind naming the XRP Ledger’s native currency, “XRP.” 

This came in a commentary posted to the crypto community on Reddit. Edward Farina, Head of Social Adoption for XRP Healthcare, recently spotlighted Schwartz’s analysis on X.

The Foundation of the Name “XRP”

David Schwartz, also one of the architects of the XRP Ledger, explained how the team settled for naming the ledger’s native asset “XRP” by delving into the historical trend observable with fiat currencies. 

Schwartz highlighted the standard practice wherein the three-letter currency codes of most fiat currencies are constructed by adding a single character to the two-letter country code of the issuing nation.

He provided an example with the United States, where the country code “US” corresponds to the currency code “USD” for U.S. dollars.

In the context of currencies not belonging to any specific country, Schwartz emphasized that the first letter of the currency code must be “X.” This convention arises because assets not issued by any country require distinct identification. 

As a consequence, country codes starting with “X” are not assigned. The Ripple CTO cited an instance in the currency code “XAU” for gold, which follows from its chemical symbol “AU.”

Based on this premise, Schwartz clarified that the choice of “XRP” as the currency code for the ledger’s native asset stemmed from the early days when it was colloquially referred to as “ripples.”

This historical context led to the natural selection of “XRP” as XRPL’s currency code. Essentially, XRP came from the “X” assigned to no country and “RP” from “ripples.”

Furthermore, Schwartz mentioned the varied usage of currency codes within the broader cryptocurrency sphere. He mentioned that while some opt for “BTC” to represent Bitcoin, adherents to standards often employ “XBT.”

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