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Cardano (ADA) Looks Set to Overthrow Ripple (XRP) Before Q2 2022 

Albert Brown
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Cardano (ADA) Looks Set to Overthrow Ripple (XRP) Before Q2 2022 

With the surge in the number of users flocking to Cardano, several data indicates that its native cryptocurrency (ADA) will surpass Ripple (XRP) in the second quarter of the year. 



Both Cardano and Ripple have been in a neck-to-neck battle for years as they continue to compete to see which cryptocurrency will rank ahead of the others in the global crypto market capitalization rankings. 

Currently, XRP is leading the race and sits as the sixth-largest crypto with a market cap of $39 billion, while ADA is in the seventh position boasting a market cap of $34.3 billion. 

According to an IntoTheBlock chart provided by a prominent cryptocurrency analyst Ali Martinez, the Cardano network recently recorded a significant increase in its on-chain activities. 

Per the data, the number of new daily addresses increased to 112,500, representing a 167% surge from its previous record. 

An increase in the number of new addresses on Cardano suggests that the market cap of ADA will soar, thus pushing the price of a unit to $2 before the end of the first quarter. 

“A sustained increase in this metric generally precedes a spike in price volatility for #ADA,” Martinez tweeted. 

Increase in User Activity

Cardano user activity has continued to be on the rise since last month. 

Since Cardano enabled smart contract functionality, the network has seen an influx of decentralized exchanges and play-to-earn games. 

Following the rollout of DEXs, the total value locked (TVL) across various Cardano protocols spiked 6,000% in one month.

Interestingly, most large Cardano investors are already preparing for the meteoric rise of ADA, as recent reports indicate that the number of large ADA holders has soared over 15,000% since December. 

ADA to Surpass XRP Before Q2

Despite ADA currently trailing XRP’s market cap by nearly $6 billion, the widespread adoption of the former suggests that the cryptocurrency is set for significant growth. 

Following the widespread adoption of ADA, it is expected that it will not only overthrow XRP before the end of the first quarter of 2022, the price of the seventh-largest cryptocurrency will hit $2. 

Elon Musk Best Ever Response To Charlie Munger’s Recent Bitcoin Citicism

Mark Brennan
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Elon Musk Best Ever Response To Charlie Munger’s Recent Bitcoin Citicism

Tesla Boss Elon Musk Responds to Charlie Munger’s Bitcoin (BTC) Criticism.



Munger criticized Bitcoin and co saying he is ‘proud’ of having not invested in cryptocurrency, says it should be banned, and likens it to ‘venereal disease.

Elon Musk, CEO and founder of American company Tesla, replied to the criticism against Bitcoin (BTC) by Charlie Munger, vice chair of Berkshire Hathaway Inc, by recalling the discouraging words Munger said about his car company over a decade ago.

According to Musk, Munger told the whole table during a lunch meeting in 2009 the possible ways Tesla would fail. 

“I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail,” Musk said.  

Not discouraged by the hurtful words Munger said to him at the time, Musk told him that it would be worth it to start the car company. 

“Made me quite sad, but I told him I agreed with all those reasons & that we would probably die, but it was worth trying anyway,” Musk added. 

The Tesla boss eventually succeeded in establishing one of the biggest electric car companies in the world, contributing to boosting his net worth to over $300 billion.

“I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. It made me quite sad, but I told him I agreed with all those reasons & that we would probably die, but it was worth trying anyway.”

Ignore Munger, Musk Says

It is worth noting that Musk’s comment came under the social media post made by Munger, where he expressed satisfaction for not investing in Bitcoin, adding that he wished “Bitcoin must be banned immediately.” 

Musk was trying to warn his followers not to heed the BTC warnings of Munger, as they may end up regretting it, which could have been his case if he had listened to the vice-chairman of Berkshire Hathaway. 

Musk’s response to Munger attracted a lot of reactions from the entire crypto community, including Michael Saylor, MicroStrategy CEO, who has been on a Bitcoin acquisition spree. 

“Nothing ventured, nothing gained,” Saylor tweeted. 

 

Munger and his partner Warren Buffet have made several hateful comments against BTC in the past, including predicting that the World’s largest cryptocurrency’s value will eventually become valueless. 

Despite the criticisms, Bitcoin has continued to gain traction, with more retail and institutional investors buying into the cryptocurrency. 

Last week, Nayib Bukele, president of El Salvador, responded to Peter Schiff’s criticism about the country’s decision to buy the dip. 

Twitter Adds Ethereum Tipping Feature

Mark Brennan
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Twitter Adds Ethereum Tipping Feature

Twitter has added the tipping functionality for the second-largest cryptocurrency by capitalization Ethereum.


 

“Like Twitter, digital currencies operate without global barriers. We are excited to include Ethereum along with bitcoin, allowing more people to participate in the digital economy,” Twitter said.

The move follows Twitter’s ongoing exploration of the Ethereum ecosystem. Last month, the company debuted a non-fungible token (NFT)  setting NFTs as a profile picture for Twitter blue users.

A Twitter spokesperson told CoinDesk that Ethereum wallet support is available to all users who agree with the company’s tipping policy.

Twitter also announced that they will not charge any fees for the ETH tipping feature, but third-party payment services may charge fees.

The function does not support ENS domains – only full Ethereum addresses. The social platform implemented Bitcoin tipping in September 2021 through the Lightning Network in cooperation with the Strike service.

Other payment partners of Twitter include Cash App, GoFundMe, Patreon, Wealthsimple, Venmo, as well as fintech providers Paga, Paytm, and Barter by Flutterwave added alongside Ethereum.

Attorney Jeremy Hogan Predicts Outcome of SEC v. Ripple Lawsuit  

Mark Brennan
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Attorney Jeremy Hogan Predicts Outcome of SEC v. Ripple Lawsuit  

Attorney Jeremy Hogan Predicts Outcome of SEC v. Ripple Lawsuit.



New evidence is expected to be unveiled today in the Securities and Exchange Commission’s lawsuit against popular blockchain company Ripple. 

The documents, which will be unsealed following Judge Analisa Torres’ ruling last week, will ascertain whether Ripple sold unregistered security in the United States via an offering of XRP.  

Many analysts believe the documents would certainly put an end to the SEC lawsuit, as certain reports seem to be in Ripple’s favor. 

In a live YouTube session hosted by Scott Powell, COO of Wells Fargo, attorney Jeremy Hogan, who has been vocal about the SEC v. Ripple legal battle, made a special guest appearance on the show. 

Commenting on how the lawsuit has gone so far and the possible outcome, attorney Hogan noted that despite several pieces of evidence that could have been provided in the case, he has seen only a few so far. 

“There are 100 pieces of evidence out there and we’ve only seen 5 or 10. So far, the litigation has gone very well from Ripple’s perspective, but I’ve only seen five pieces of real hard evidence”, he said. 

A Win or a Lose?

In the meantime, vital documents will be unsealed today that could bring the lawsuit closer to its end. 

Once the documents are officially unsealed, it is expected that several legal experts, including attorney Hogan, will be able to give a better analysis of the possible outcome. 

While some investors expect the outcome could end in a win or loss, several others, like attorney Hogan, predict that the lawsuit will end in settlement. 

“The most probable resolution is a settlement and that hasn’t changed since the beginning,” Hogan was quoted as saying. 

The Future of XRP 

However, should the lawsuit not end in a settlement, Ripple’s XRP’s future will be determined by whether the case will end in a win. 

A win for Ripple would promote the widespread adoption of XRP and the possible relisting of the cryptocurrency across various U.S.-based crypto trading platforms. 

Furthermore, Ripple could conclude plans to take the blockchain company public. In addition, a win would aid in the classification of crypto assets in the near future.  

A loss for Ripple will continue to see XRP delisted on all U.S.-based exchanges. However, XRP trading will still continue in offshore exchanges where the SEC has no control over. 

 

Binance Launches New Staking Program For Shiba Inu (SHIB) And Other Cryptocurrencies

Mark Brennan
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Binance Launches New Staking Program For Shiba Inu (SHIB) And Other Cryptocurrencies

The world’s largest cryptocurrency exchange, Binance, has launched a new staking initiative with high ROI for Shiba Inu (SHIB) and other digital currencies. 

According to a blog post by the trading platform, the staking initiative dubbed High-Yield Center will allow SHIB holders to stake the cryptocurrency in order to earn up to 104.62% APY. 

Shiba Inu Requirement

The staking exercise will officially commence today at 02:00 AM (UTC) and will be on a first-come, first-served basis, Binance added.  

Notably, the staking duration for Shiba Inu cryptocurrency will span for 10 days, as interested participants will be required to stake a minimum of 200 SHIBs and a maximum of 7 million Shiba Inu tokens.

Binance added that interest payout time will be added on a daily basis, which is expected to start at 00:00 AM (UTC) on the day the locked stake is confirmed until the next 10 days. 

 

Requirements for Other Cryptos

The world’s largest exchange also introduced the initiative for other cryptocurrencies like Solana (SOL), Axie Infinity (AXS), Polygon (MATIC), VeChain (VET), Cadano (ADA), Near (NEAR), LUNA, Avalanche (AVAX), PancakeSwap (CAKE), and Terra (LUNA). 

While SOL has the lowest annualized standard interest rate of 7.32% in the Binance High-Yield Center stake, AXS has a ROI of 104.62%. 

 

Rumours Circulating Floki Inu May Partner With Alfa Romeo Racing Team In Formula One

Zabi
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Rumours Circulating Floki Inu May Partner With Alfa Romeo Racing Team In Formula One

Where there is a Popular Meme Coin, There Must Be a Rumor.



Rumors have started circulating that Floki Inu (FLOKI) will partner with the Alfa Romeo Formula One team — owned by automotive giant Stellantis N.V.

The rumors arose after Decalspotters, an independent motorsport coverage, took to Twitter claiming Alfa Romeo F1 is all set to announce the new sponsorship deal with FLOKI, a canine-themed cryptocurrency in the coming days.

The news agency further noted that FLOKI logos could be seen on the rear wing of the new Alfa Romeo F1 car following the deal.

Following the announcement, Floki’s team denied the news and said they would not provide any official comment on the matter.

However, following the rumors, FLOKI gets back to reclaim the top 10 purchased tokens positions by 1000 Ethereum (ETH) whale wallets, according to the data provided by WhaleStats. Also, FLOKI was able to get the 8th spot here among the top 10 coins purchased by Binance smart chain (BSC) whales in the last 24 hours.

When writing this news, FLOKI’s price is almost unchanged for the day and is trading at $0.00004164, with a 24-hours trading volume of $4,224,916.39, down over 19% compared to the previous trading day.

Floki is already a partner of some major football clubs including the Turkish Football Club Fenerbahçe S.K, the Russian most famous Football club “Spartak-Moscow” and German Football Club, Bayer 04 Leverkusen.

Shiboshi: Everything You Need to Know About Shiba Inu Non-Fungible Token

Mark Brennan
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Shiboshi: Everything You Need to Know About Shiba Inu Non-Fungible Token

Shiba Inu has always been poised on creating utility for its project instead of settling for the meme coin title.


 

Part of the way Shiba Inu plans on creating utility for the SHIBArmy, supporters of Shiba Inu, is by entering into Web3 and the metaverse using Shiboshis. 

Despite the release of Shiboshis, not too many articles have provided comprehensive details about the latest initiative from Shiba Inu that is set to revolutionize SHIB from a mere memecoin into a utility token. 

According to a recent Shiba Inu podcast organized by the growth team, Gossip Shib,  important information about Shiboshi was disclosed to the SHIB community by Shytoshi Kusama, Shiba Inu main developer and MilkShake, a major promoter of the cryptocurrency. 

The podcast initially saw the participation of 1,100 people; however, following the recording posted on Twitter, the podcast had since reached over 20,000 people. 

In this article, we will cover everything you need to know about Shiboshi, including how other Shiba Inu initiatives like games, metaverse, are built around the non-fungible token. 

What are Shiboshis? 

Shiboshis is a collection of 10,000 unique non-fungible tokens (NFTs) built on the Ethereum blockchain. The Shiboshis are different from one another, especially in terms of accessories, capabilities, headwear, clothes, etc. 

According to the Shiba Inu team, each Shiboshi has traits that correspond to an upcoming game and the NFTs will be brought to life via gameplay. 

The NFTs were officially released to investors on October 14, 2021 at varying prices. 

Aside from Shiboshi’s use in gameplay, the NFTs will be a major part of the Shiba Inu ecosystem’s growth into new sectors, especially Web3 and the metaverse. 

Shiba Inu’s expansion into web3 and metaverse signifies that the future is bright for the dog-themed cryptocurrency as it continues to grow in value and adoption.  

With the launch of Shiboshis on the Ethereum blockchain, the price of gas fees at the time skyrocketed massively. Interestingly, the collection sold out in 34 minutes, thus making Shiboshis rank among the fastest NFT sales since the inception of non-fungible tokens.


 

Shiboshi Technology Used 

The 10,000 Shiboshis were initially launched on the Ethereum blockchain. However, following the increase in gas fees, the Shiba team is considering migrating the NFTs to its own network, Shibarium, a layer-2 chain. 

The network is still under development. However, when Shibarium eventually launches, the Shiba Inu team will move all its other projects, including SHIB, game, etc to the platform. 

Shiboshi Public Sale 

On October 14, 2021, Shiboshis were offered to the Shiba Inu community for members to own a piece of the digital collectible. The 10,000 unique NFTs were sold at varying prices and were sold in batches. 

At the time of the sale, the first 3,000 Shiboshis were minted for 0.1 ETH per unit. The next 5,000 Shiba Inu NFTs were offered at 0.2 ETH, while the remaining 2,000 Shiboshis were minted at 0.3 ETH per unit. The NFTs were reserved strictly for Dogecoin killer token $LEASH. 

During the initial release of Shiboshi, each wallet was restricted to only buying 10 units of the NFT, in  a bid to get more people into buying the asset class. 

Users were allowed access to the digital collectibles on the Shiba Inu decentralized exchange ShibaSwap. Shiboshis has since been made available on other NFT marketplaces, including OpenSea. 

Since the NFT launched, over 3,400 ETH worth around $10.7 million at press time have been traded across various marketplaces. 

It is worth noting that the price of some Shiboshis have surged as high as 50 ETH. 

Shiboshi Features 

Aside from the trading and minting of Shiboshi, Shiba Inu wants the NFT to be adopted in other use cases, with major focus on the upcoming SHIB game and the Shiberse metaverse. 

SHIB Burning Mechanism 

According to Shytoshi Kusama, Shiba Inu lead project developer, buyers of Shiboshi will be allowed to name the NFT as they wish and this exercise requires the payment of an additional sum of $100 worth of SHIB. 

The paid fee, according to Kusama, will be used to buy the SHIB cryptocurrency, which will be sent to a burn address as part of efforts to reduce the total supply of the digital currency, which was initially capped at 1 quadrillion.  

At the moment, nearly 259 billion SHIBs have been sent to an inferno wallet in a series of burning mechanisms for the tokken. 

Shiboshi Game 

The Shiba Inu team wants the Shiboshi to be more than an NFT as it plans to bring each character to life through the upcoming Shiba Inu game. 

Kusama noted that Shiboshi holders will be allowed to use their NFTs in strategic gameplay. Some Shiboshi NFTs may have corresponding gameplay elements. For instance, laser eyes Shiboshis may come in handy when a player wants to attack from a long distance. 

Furthermore, each character for the Shiboshi game will have multiple properties to enable you to use them for different purposes during gameplay. 

The Shiboshi game is currently under development by PlaySide Studios in collaboration with Activision veteran William Volk, and the game is expected to launch in the first quarter of 2023. 

Using Shiboshi to play the game will also enable players to earn special rewards that can be used to upgrade each character’s weapons. 

According to Kusama, the Shiboshi upcoming game is not just any card game, but a multiplayer card game that will see players collect and battle with cards. 

Kusama noted on Discord that the Shiba Inu game will be similar to Hearthstone. 

Shiboshi Metaverse 

Shiba Inu recently announced its metaverse project that will see the dog-themed cryptocurrency enter into the world of virtual reality. 

While it is not clear how Shiboshi will come into play, it is expected that some segments of the metaverse will be exclusive to only owners of the NFTs.  

Shiboshi Social Club 

The Shiboshi club was created as an avenue to give holders of the NFT a hangout spot as well as exclusive access to different perks that will be released specifically for the asset. 

Joining the Shiboshi social clubs comes with a series of benefits such as privacy, direct communication with Shiba Inu developers, first hand information about upcoming upgrades, etc. 

However, access to the club is restricted to only holders of Shiboshi. 

Final Thoughts 

Shiboshi is an integral part of Shiba Inu’s plan to take the project into new realms like Metaverse and Web3. Shiba Inu has already started development of some of these initiatives, including the Shiboshi game. 

With  massive supporters behind the Shiba Inu project, it is only a matter of time before Shiboshi becomes an NFT with significant value. 

Top ETH Whales Now Holds 18.6 Trillion Shiba Inu Tokens Worth $2.7 Billion

Zabi
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Top ETH Whales Now Holds 18.6 Trillion Shiba Inu Tokens Worth $2.7 Billion

Ethereum Whales show their curiosity for Shiba Inu.



According to the recent data provided by WhaleStats, Shiba Inu (SHIB), held by the top 1000 Ethereum (ETH) whales’ wallets, reclaimed $2 Billion.

To be precise, Ethereum Whales are now holding $2,761,646,130 ($2.7B) worth of Shiba Inu tokens which is equal to 18,260,127,622,912 (18.6 Trillion) SHIB tokens.

In this way, Shiba Inu becomes the biggest token position by dollar value among Ethereum whales.

Last time, Shiba Inu (SHIB), the most popular coin, achieved this milestone was on January 29.

The love of Ethereum Whales for SHIB increased following the rumors that Shiba Inu will partner with Forever 21 clothing line. The rumors arose after Shiba Inu’s team released a 21 seconds long video teaser to its official Twitter handle on February 14, 2022 (Valentine’s Day). The teaser contains the following words: “4 forever and always be mine.”

The puzzle is reasonably solved by one of the members of the Shiba Inu Community, as he noticed so many points in the video teaser, which indicates the upcoming partnership of SHIB is with the Forever 21 clothing line. Those points include Cheetah Clothing in the Video at 0:11 seconds.

Besides this upcoming partnership, Shiba Inu (SHIB) already took its first bold step into “in-real-life” products by unveiling its first deep-rooted partnership with Welly’s, a new hyper-quality agile blockchain-based fast-food chain located in Naples, Italy, opened in 2021. Welly’s is said to be the first and only SHIB themed restaurant powered by the community, and for the first time, the “burger joint” will bring food on the blockchain using Shibarium.

Bybit Scores Big, Enter Into A $50M Deal With Formula 1 Four-Time World Champions, Red Bull Racing

Mark Brennan
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Bybit Scores Big, Enter Into A $50M Deal With Formula 1 Four-Time World Champions, Red Bull Racing

Bybit announced a historic three-year agreement with Formula1 four-time world champions, Red Bull Racing.



It is a significant partnership in the world of motorsport. After signing a $500 million deal with software company Oracle last week, Red Bull Racing has announced a partnership with Singaporean exchange Bybit.

 

 

Bybit signed a $50 million per annum deal with the top-rated Formula 1 team. The company revealed that the partnership aims to increase fan engagement with the F1 team through its capabilities as a cryptocurrency exchange. Bybit will act as a fan token issuer and technology incubator for Red Bull Racing as part of the deal. This means the exchange will help the team distribute its collections of digital assets and support its other initiatives, such as developing talent at Red Bull’s technology campus in Milton Keynes.

 

The partners are also committed to promoting sustainable diversity and supporting the role of women in the blockchain world. On the racing side, Red Bull Racing’s car’s and team kits will feature Bybit’s logo in several different places, alongside other partners such as Oracle, Citrix, Mobil, and the Tezos (XTZ) blockchain.

The collaboration will also allow Red Bull Racing to sharpen its bond with its fans, as Bybit will be responsible for developing the motor racing team’s fan token, in addition to upcoming non-fungible tokens (NFTs). After the news, Bytbit Token (BIT) rose more than 5% and currently trading at $1.732.

Recently Blockchain platform Tezos entered into a multi-year partnership agreement with Premier League football club Manchester United. Socios.com also scored big by becoming a fan token partner of UEFA’s Club Competition, including UEFA Champion League & UEFA Europa League.

Shiba Inu Trading Finally Goes Live On Top Brazilian Exchange With Highest Liquidity

Zabi
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Shiba Inu Trading Finally Goes Live On Top Brazilian Exchange With Highest Liquidity

Brazillian Exchange Foxbit Announces the Listing of Shiba Inu (SHIB) Along With 4 Other Crypto Assets.



Foxbit, a prominent bitcoin and crypto-assets trading platform based in Brazil, recently declared that Shiba Inu trading is live on the exchange with four other crypto assets.

 

The other four crypto assets include Gala (GALA), Fantom (FTM), LooksRare (LOOKS), and Illuvium (ILV).

Foxbit first announced about Shiba Inu listing on Feb 10, however, the exchange took her time and finally made shib trading live today.

The Foxbit exchange was launched in 2014 and is elected among the most ethical companies in Brazil. The platform is designed on three pillars i.e., agility, transparency, and security. The exchange is providing a special service to Brazil-based users, i.e., one can trade Bitcoin quickly on a 0% deposit fee against the Brazilian Real.

According to the independent consulting agency BitValor, Foxbit is the exchange with the highest liquidity in the Brazilian market.

The price data on CoinMarketCap shows that listing on Foxbit Exchange doesn’t have any significant impact on Shiba Inu’s price as it is trading almost neutral at the price of $0.00003065. However, the 24-hours trading volume for the token surges 4.59% to $1,570,842,151.59 compared to the previous trading day. Usually, the increase in volume data indicates the buyer’s interest in buying.

According to the data provided by Etherscan, the Shiba Inu token is now held by 1,176,785 (1.17M) holders.

Formerly on February 10, IZEA, a NASDAQ traded influencer marketing company, declared the acceptance of Shiba Inu (SHIB) and Dogecoin (DOGE) as a form of payment for influencer marketing campaigns along with Litecoin (LTC), Crypto.com Coin (CRO), Bitcoin (BTC), and Ethereum (ETH).

Mercado brazil also listed Shib; the exchange made it possible to trade Shiba Inu Against Brazilian Real (BRL: R$).

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