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Elon Musk Confirms Plan to Send Dogecoin to the Moon by 2027

Lele Jima
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Elon Musk Confirms Plan to Send Dogecoin to the Moon by 2027

The world’s richest man, Elon Musk, has reaffirmed his commitment to have SpaceX send Dogecoin (DOGE) to the Moon as early as next year.

In a brief exchange on X, Musk reignited speculation around Dogecoin after responding to a resurfaced post about the mission. His commentary once again attracted attention to his long-standing association with the meme token. 

Key Points 

  • Elon Musk has reaffirmed SpaceX’s plans to send Dogecoin to the Moon.
  • He suggested the mission could take place as early as next year.
  • Musk has repeatedly renewed this commitment since first making the claim in 2021.
  • Despite the renewed attention, DOGE posted only a modest price reaction.

Musk Confirms Plans to Send Dogecoin to the Moon 

The discussion began when the “Tesla Owners Silicon Valley” account reposted a screenshot of Musk’s 2021 claim that SpaceX would place a “literal Dogecoin” on the “literal Moon.” When asked for an update, Musk replied, “Maybe next year,” suggesting the mission could occur as early as 2027. 

Interestingly, Musk reinforced the narrative by replying “Yes” to a separate post stating that “Dogecoin on [to] the Moon is inevitable.” However, he provided no further details on how SpaceX would execute the plan.  

Dogecoin to the Moon Mission 

Although the phrase “Dogecoin to the moon” has long symbolized a surge in DOGE’s price, Musk’s viral X post has given it a more literal and realistic dimension.

Since the post went viral in 2021, Musk has repeatedly reaffirmed plans to send Dogecoin to the Moon. In November 2025, he revisited the pledge, saying, “It’s time,” and he has now reignited excitement by signaling the goal could be fulfilled by 2027. 

Unending Support for DOGE 

Meanwhile, this development reflects Musk’s sustained support for DOGE. He has backed the token as a payment option for Tesla and SpaceX merchandise and posted bullish commentary on social media. Interestingly, even his lawyer, Alex Shapiro, was chosen to chair a $200 million Dogecoin treasury firm. This persistent backing played a key role in DOGE’s surge to an all-time high in May 2021. 

Notably, Musk’s comments had a limited impact on DOGE’s price. After he revealed the mission timeline, DOGE briefly rose from about $0.1069 to $0.1087, reflecting a modest 1.68% gain. However, the token has since pulled back and now trades at $0.1081, up 1.45% over the past 24 hours. 

Will XRP Drop Further? ABC Elliott Wave Structure Points to Multiple Price Scenarios

Sam Wisdom Raphael
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Will XRP Drop Further? ABC Elliott Wave Structure Points to Multiple Price Scenarios

Data confirms XRP currently trades within the C wave of an ABC structure, and the nature of the flat would determine if it has bottomed or not.

XRP has remained in a downward trend that recently dragged the token to a low of $1.52 before buyers pushed the price back up to around $1.60. As the market attempts to stabilize, data now suggests XRP may be moving within an ABC corrective structure under Elliott Wave Theory. 

XRP likely formed Wave A at $1.61 in April 2025 and Wave B at $3.65 in July 2025, placing the market in Wave C today. Depending on whether the correction develops as a running flat, regular flat, or expanded flat, XRP could stabilize near current levels or slide significantly lower.

Key Points

  • XRP recently fell to $1.52 before rebounding to around $1.60 as market data suggests it may be trading within an ABC structure.
  • The ABC structure places Wave A at $1.61 in April 2025 and Wave B at $3.65 in July 2025 on the weekly chart.
  • XRP currently trades in Wave C, and the bottom of this wave would depend on the nature of the ABC structure.
  • A running flat suggests XRP could hold above roughly $1.61, with support near $1.70 to $1.62.
  • A regular flat points to a dip toward about $1.55 to $1.51.
  • An expanded flat opens downside risk toward roughly $1.06 or even near $0.34.

XRP ABC Structure Indecisive

Market analyst Charting Guy introduced this concept in a recent commentary, noting that the current price action aligns with several possible flat formations that could determine XRP’s next move. 

The analyst explained that traders’ outlook depends on whether the market already formed a bottom, is approaching one, or still needs another major drop. He highlighted three possible flat scenarios: running flat, regular flat, and expanded flat. Notably, each of these produces different outcomes. 

To him, the expanded flat setup appears most reasonable because Wave B moved beyond the starting point of Wave A while only printing slightly higher highs rather than surging sharply or forming a double top.

XRP Weekly Chart Levels

If XRP truly follows this ABC structure, the formation likely developed on the weekly timeframe. In this chart, XRP reached its Wave A bottom when the price dropped to $1.61 in April 2025. The market then staged a strong rally that sent XRP to a Wave B peak of $3.65 in July 2025.

With XRP now trading close to $1.60, the asset appears to be moving through Wave C. According to the commentary from Charting Guy, the type of flat correction now in play will determine whether XRP already touched its low or still faces sharper declines ahead.

XRP 1W ABC Structure
XRP 1W ABC Structure

In all flat corrective patterns, Wave C typically begins at the end of Wave B, around $3.66, and extends downward. The depth of that move changes depending on whether the structure forms as a running flat, regular flat, or expanded flat.

Running Flat Scenario Suggests Limited Downside

In a running flat pattern, Wave B moves beyond the start of Wave A while Wave C fails to drop below the Wave A low. With this scenario, XRP would not break beneath the $1.61 level.

The guide places Wave C at roughly the same length as Wave A, which mathematically points again to around $1.61. However, in true running flats, prices usually hold above that area, creating a likely support range between approximately $1.70 and $1.62. This outcome would imply XRP may already sit near its bottom.

Regular Flat Points to a Slight Break Below Support

Meanwhile, in a regular flat structure, Wave B typically retraces nearly all of Wave A’s decline, while Wave C often extends slightly past the Wave A bottom. Analysts typically project Wave C at 100% to 105% of Wave A’s size.

With these levels, a full 100% move would again target roughly $1.61, while a 105% extension would pull XRP down to about $1.51. This places the expected regular flat support zone between roughly $1.55 and $1.61.

Expanded Flat Leads to Much Deeper Declines

However, in an expanded or extended flat pattern, Wave B pushes well beyond the start of Wave A, while Wave C commonly stretches far below the previous low using Fibonacci extensions.

When one applies a 1.27 extension of Wave A, the downside target appears at $1.06. A larger 1.618 extension would lead to a drop toward $0.34. In this situation, XRP could fall anywhere from around $1.50 down to near $0.30, depending on how aggressively the correction unfolds.

Important Caveat

Running flats tend to appear less often on larger timeframes, which makes analysts cautious about assuming XRP has already found its bottom. All of these projections remain valid only as long as the ABC structure holds. However, market changes can always invalidate wave counts.

Cardano Spotlighted by Spanish Mainstream Media With 2.6M YouTube Subscribers

Elendu Benedict
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Cardano Spotlighted by Spanish Mainstream Media With 2.6M YouTube Subscribers

Spanish financial media have begun paying closer attention to Cardano, signaling that the asset’s reach is extending beyond crypto-native circles.

In a recent broadcast, Negocios TV, one of Spain’s largest business news channels with more than 2.6 million YouTube subscribers, briefly referenced Cardano (ADA) while reviewing broader market trends. The move places the token alongside an exclusive list of commodities and global assets to receive mentions from the Spanish media giant.

Key Points

  • In a recent broadcast, Negocios TV, one of Spain’s largest business news channels with more than 2.6 million YouTube subscribers, briefly referenced Cardano (ADA).
  • Although the mention lasted only a few seconds, crypto enthusiasts believe the exposure carried weight.
  • The mention quickly drew reactions from the ADA community, which elaborated on the recognition whenever mainstream outlets spotlight the crypto space.
  • This type of coverage represents a shift in recognition from regulars like Bitcoin and Ethereum to altcoins like Cardano.

Spanish Business Channel Brings Cardano into Focus

A clip shared on X by Angry Crypto Show highlighted this development. Although the mention lasted only a few seconds, crypto enthusiasts believe the exposure carried weight. 

The clip showed the presenter discussing price movements on a live chart before shifting to cryptocurrencies, with Cardano included in the conversation. The post quickly drew reactions from the ADA community, which elaborated on the recognition whenever mainstream outlets spotlight the crypto space.

In the clip, the Negocios TV presenter casually highlighted market trends, first starting with Bitcoin. Afterwards, she highlighted the downward trends of some other major cryptocurrencies like Ethereum, XRP, BNB, Solana, and Dogecoin. The crypto market focus ended with the ADA/USD chart on Binance.

Why Does This Matter for Cardano

Importantly, this type of coverage represents a shift in recognition. Crypto discussion in legacy media has often centered on Bitcoin and, occasionally, Ethereum. As a result, seeing Cardano referenced on a major Spanish-language financial channel suggests rising recognition among European audiences.

Negocios TV typically covers macro trends, equities, and commodities, so integrating ADA into that discussion highlights a paradigm shift from viewing the token less as a speculative niche asset and more as part of the broader financial landscape. Essentially, the mention brings Cardano to the limelight, especially for viewers who do not regularly follow crypto markets.

While the timing comes when ADA has faced downward pressure, it still counts as free publicity. Notably, Cardano trades at $0.295, down 15% in the past seven days. It recently lost its place as the 10th largest cryptocurrency by market cap to Hyperliquid, which has been in top form despite the broader market pullback.

Catalysts for Cardano Rebound and Crucial Caveat

Looking ahead, analysts believe upcoming developments could influence ADA’s price trajectory. For context, the mainnet launch of Cardano’s privacy-focused partner chain, Midnight, is imminent, which could expand use cases and on-chain activity.

Regulatory clarity and possible investment vehicles tied to ADA have also fueled speculation about broader adoption. Notably, analysts believe these catalysts could help stabilize price action if market conditions improve.

However, there is no guarantee of this. Moreover, Negocios TV’s Cardano mention does not imply endorsement; hence, prospective investors should be aware of the risks involved in buying Cardano and other cryptocurrencies before making any move.

How Shiba Inu Investors Can Turn a $10,000 Bet on SHIB Into $1.1 Million

Lele Jima
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0
How Shiba Inu Investors Can Turn a $10,000 Bet on SHIB Into $1.1 Million

Although Shiba Inu has not staged any significant rallies over the years, some investors believe it still has the potential to turn small investments into $1 million or more.

For investors, the primary objective of investing is to generate outsized, often life-changing returns. Historically, a few assets have delivered such gains in their early stages. Shiba Inu, for example, demonstrated this potential in 2021, when its explosive rally turned many average earners into U.S. dollar (USD) millionaires. 

Although SHIB has not repeated that run since, some believers argue it still has room for another major breakout. With that in mind, we examined how a $10,000 investment in Shiba Inu could grow into $1.1 million. 

Key Points

  • After Shiba Inu turned many average earners into millionaires in 2021, some proponents believe it could replicate that performance.
  • Turning a $10,000 investment into $1.1 million would require a gain of more than 100×.
  • At current prices, a $10,000 investment buys roughly 1.46 billion SHIB.
  • SHIB would need to cancel two zeros for that holding to be worth $1.1 million.  

How $10,000 Invested in SHIB Could Become $1.1 Million

At current prices, SHIB’s low price allows investors to accumulate a large token position. With SHIB trading at $0.000006866, a $10,000 investment would buy 1,456,452,082 (approximately 1.46 billion) SHIB. 

For that holding to be worth $1.1 million, SHIB would need to surge to about $0.0007555. That move would represent a gain of more than 100×, underscoring both the extreme upside potential with such projections. 

Reaching $0.0007555 would push SHIB to a new all-time high. This level exceeds its previous peak of $0.00008846. Notably, Shiba Inu would need a 10,903% rally from its current price of $0.000006866 to hit $0.0007555.

Nonetheless, some analysts still view the target as achievable. Telegaon projects SHIB could reach this range between 2036 and 2039, while Changelly forecasts prices near $0.00075 within the 2035–2039 timeframe. Based on these forecasts, a $10,000 investment today could theoretically grow to $1.1 million by 2039.

Caution Note 

However, these projections remain purely hypothetical. Achieving such returns would require exceptional conditions, including strong ecosystem growth, favorable macro trends, and a significant reduction in SHIB’s circulating supply. 

Since there is no guarantee these factors will align, it remains highly unlikely that Shiba Inu will reach $0.0007555 or turn a $10,000 investment into $1.1 million.

What It Means for XRP Price as Ripple Senior VP Says 10% of $1 Quadrillion Could Move On-Chain

Abdulkarim Abdulwahab
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0
What It Means for XRP Price as Ripple Senior VP Says 10% of $1 Quadrillion Could Move On-Chain

The XRP community has resurfaced an interview in which RippleX Senior Vice President Markus Infanger outlined Ripple’s long-term vision for bringing real-world financial assets on-chain.

The conversation, hosted by Ornella Hernandez, has recently been amplified by XRP community figures such as X Finance Bull and SMQKE. It reignited discussions around XRP’s potential role in a tokenized global financial system.

Key Points

  • RippleX SVP says over $1 quadrillion in real-world assets still sits off-chain today
  • Infanger says XRP Ledger is for enterprise finance and RWA tokenization
  • XRP commentators speculate on the price impact if 10% of global assets move on-chain
  • Ripple sees regulation and stablecoins as key drivers of blockchain adoption

Ripple’s Focus: Moving Real-World Finance On-Chain

Speaking on the future direction of the XRP Ledger, Infanger said that the network was designed from the start for enterprise-grade financial use cases. According to Infanger, XRP Ledger’s original focus on payments is now expanding into real-world asset (RWA) tokenization.

“XRP Ledger has really been built for business… powering real-world financial use cases,” Infanger said. He added that the goal is to bring more financial activity on-chain to remove friction, improve efficiency, and create value.

The $1 Quadrillion Opportunity

One of the most notable moments from the interview came when Infanger highlighted the scale of assets that remain off-chain today. He noted that more than $1 quadrillion in financial assets currently exist outside blockchain systems and suggested that even a small percentage moving on-chain would be transformational.

“If you want to see… maybe 10% of that coming on-chain,” Infanger explained, pointing out that today’s on-chain activity, such as stablecoins, represents only a fraction of global finance.

For context, the total stablecoin market currently sits around $312 billion, underscoring how early the tokenization trend still is.

XRP Price Speculation

Following the resurfacing of the interview, XRP commentator X Finance Bull shared a bold interpretation on X, framing Infanger’s remarks as validation of a long-term thesis.

The post suggested that if 10% of a $1 quadrillion market were settled on-chain and divided across XRP’s approximately 61 billion supply, it could theoretically imply a price of $1,639 per XRP.

“Ripple’s Senior VP said it on camera… They’re targeting quadrillion-dollar markets,” the post claimed. However, such calculations are highly speculative and assume idealized conditions.

At the time of writing, XRP’s price is approximately $1.61, highlighting the vast gap between current market pricing and long-term bullish projections tied to global financial tokenization.

Regulation as the Missing Piece

Meanwhile, Infanger stressed that regulatory clarity remains one of the final hurdles to mass adoption. However, he said meaningful progress is already underway.

He cited emerging frameworks in regions such as Europe (MiCA), Singapore, and the UAE, arguing that compliant blockchain usage is no longer theoretical.

Ripple, he added, already processes billions of dollars in payments annually at a fraction of the cost and time of legacy systems, demonstrating that regulated blockchain finance can work at scale.

Stablecoins and XRP Ledger Utility

Beyond payments and tokenization, Infanger highlighted stablecoins as a critical bridge between traditional finance and crypto.

He referenced projections estimating the stablecoin market could grow to $2.8 trillion within five years. Given this outlook, Ripple launched its own stablecoin, RLUSD, on XRP Ledger and Ethereum in the last quarter of 2024. It has since grown to $1.45 billion in market cap.

Meanwhile, Infanger disclosed that Ripple’s push into compliant stablecoin infrastructure is due to strong developer demand, with thousands of projects already building on the XRP Ledger.

Infanger closed the discussion by calling blockchain adoption a gradual but inevitable shift from hype to utility.

As regulatory frameworks solidify and financial institutions explore tokenization at scale, Ripple’s leadership believes blockchain and the XRP Ledger could play a foundational role in the next evolution of global finance.

Solana Prediction for Feb 3: SOL Holds Key Support but Analyst Says Upside Resistance at $110 First

Mark Brennan
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Solana Prediction for Feb 3: SOL Holds Key Support but Analyst Says Upside Resistance at $110 First

Solana is stabilizing after recent volatility as traders focus on key support zones and nearby resistance levels to gauge short-term trend direction.

Solana (SOL) and the broader crypto market are attempting a recovery after recent volatility, rising about 2.2% over the past 24 hours. During this press, SOL is changing hands just above $103.

The price moved within a relatively tight daily range, briefly pushing above $105 before pulling back to levels like $101.70. Trading activity remains elevated, with 24-hour spot volume near $988 million, while futures volume is significantly higher at roughly $11.04 billion, highlighting strong derivatives participation during the rebound.

Despite the daily uptick, Solana is still down roughly 16.2% over the past week, and more than 22% in the last 30 days. Market capitalization stands near $58.6 billion, up about 1%, while open interest sits around $6.3 billion.

Solana Price Prediction

Solana is currently consolidating just above the $95 support zone, which has emerged as the most immediate demand area following the latest sell-off. This level aligns with yesterday’s intraday low and prevented a deeper breakdown. A daily move below that level would weaken the structure and expose SOL to the next downside support around $90.

Solana 1-Day Price Outlook
Solana 1-Day Price Outlook

On the upside, the 50-day EMA near $128.6 represents a key trend resistance, while the 100-day EMA around $140.4 marks a major overhead barrier. As long as SOL remains below these moving averages, rallies are likely to be corrective rather than trend-reversing.

Elsewhere, the ADX is elevated around 42, signaling a strong and well-established trend, which currently points to sustained downside pressure rather than consolidation. The downward slope of the 50-day and 100-day EMAs reinforces the bearish bias, confirming that the broader trend remains negative. 

For sentiment to improve, traders would need to see the ADX begin to flatten alongside price reclaiming $110 and eventually closing above the $128 resistance zone. Until then, Solana remains vulnerable to further downside.

Solana is Defending Key Support Levels

In an X market commentary, analyst BitGuru noted that Solana is currently defending the $97–$100 support zone, which is acting as a critical short-term floor after the recent decline. According to the analyst, a decisive breakdown below this area would increase downside risk and could trigger a deeper flush toward the $92–$95 region. 

Solana Prediction
Solana Prediction

On the upside, BitGuru highlighted initial resistance in the $110–$115 range, where previous selling pressure emerged. Above these are stronger recovery targets between $122–$126, which Solana would need to reclaim to signal improving momentum and a potential trend shift.

ING Launches Bitcoin, Ethereum, Solana ETPs for Retail Clients in Germany

Zabi
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ING Launches Bitcoin, Ethereum, Solana ETPs for Retail Clients in Germany

ING Deutschland has expanded its retail lineup with regulated crypto-linked investment products, giving everyday investors exposure to digital assets without holding crypto directly.

According to details published on ING’s website, the German retail bank now enables trading in crypto exchange-traded notes (ETNs) through its Direct Depot platform.

Key Points

  • ING now offers crypto ETNs to retail investors via its Direct Depot platform.
  • Initial offerings track major cryptocurrencies: Bitcoin, Ethereum, and Solana.
  • ETNs are physically backed and issued by established providers like 21Shares, Bitwise, and VanEck.
  • Investors gain crypto exposure without managing wallets or private keys, simplifying access.
  • German tax treatment treats these ETNs similarly to direct crypto holdings, with potential long-term capital gains benefits.
  • ING emphasizes regulatory compliance and risk transparency, highlighting volatility, potential losses, and issuer insolvency risks.

How the Crypto ETNs Work

Under the new offering, customers can invest in products that track the price movements of individual cryptocurrencies. The initial selection includes Bitcoin, Ethereum, and Solana, which remain among the most actively traded digital assets.

Instead of purchasing tokens directly, investors buy exchange-traded instruments listed on regulated markets. ING notes that the ETNs are physically backed and issued by established providers, including 21Shares, Bitwise, and VanEck. Transactions are executed through regulated exchanges and held in standard securities accounts, aligning crypto exposure with conventional investment processes.

Lowering Barriers for Crypto Investing

The structure is intended to address common hurdles that have limited retail participation in crypto markets. For context, ING emphasizes that customers do not need to set up external wallets or manage private keys, tasks often viewed as complex or risky. Instead, all investments are handled within the bank’s existing infrastructure.

Commenting on the initiative, VanEck Europe CEO Martijn Rozemuller said the approach reflects investor demand for crypto solutions that integrate seamlessly into established securities accounts. He also highlighted transparent costs and ease of access as key benefits of the partnership.

Tax Treatment and Regulatory Context

Beyond accessibility, ING also pointed to tax considerations that may influence investor interest. The bank noted that, in Germany, these ETNs are treated similarly to direct cryptocurrency holdings for tax purposes.

This includes the potential for capital gains tax exemptions when positions are held for more than one year. However, the bank cautioned that tax outcomes depend on individual circumstances and prevailing regulations.

Clear Warnings on Investment Risks

Alongside the launch, ING underscored the importance of understanding the risks associated with crypto-linked products. The bank warned that cryptocurrencies are highly volatile and can experience rapid and substantial price swings, potentially resulting in significant losses.

ING also flagged the risk of total loss in the event of issuer insolvency. Additional concerns include limited liquidity, potential market manipulation, and ongoing regulatory uncertainty, all of which were outlined in the bank’s disclosures.

In its educational materials, ING described cryptocurrencies as speculative assets without intrinsic value. The bank added that price movements are strongly driven by psychological factors, which also influence exchange-traded crypto products.

ING’s Broader Digital Asset Strategy

The introduction of crypto-linked ETNs aligns with ING’s broader engagement with digital assets. The banking group, whose history dates back to the 18th century, has steadily expanded its involvement in blockchain-related initiatives across Europe.

In September last year, ING joined eight other European banks in a consortium working on a euro-denominated stablecoin to establish a trusted European payment standard.

Taken together, these developments illustrate ING’s cautious and regulated approach to digital assets, combining established banking structures with controlled exposure to emerging technologies.

Trump Hopes to Sign Bitcoin, Crypto Market Bill Into Law as Senate Stalls on Stablecoin Yield

Zabi
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0
Trump Hopes to Sign Bitcoin, Crypto Market Bill Into Law as Senate Stalls on Stablecoin Yield

President Donald Trump has reiterated his interest in signing a bill regulating Bitcoin and the crypto market, which continues to face procedural hurdles in the U.S. Senate.

Speaking at a recent press conference, Trump said he hopes Congress can finalize the bill. His remarks come amid persistent divisions on Capitol Hill, where lawmakers remain split over several unresolved policy questions.

Key Points

  • Trump has publicly expressed support for congressional action on a crypto regulation bill.
  • U.S. Senate progress stalls over rules governing stablecoin yield products.
  • The White House convened industry, exchange, and banking leaders to mediate the debate.
  • Trade groups like the Digital Chamber and Blockchain Association welcomed federal engagement.
  • TD Cowen analysts warn the bill may require direct presidential intervention to overcome political and industry divisions.

Stablecoin Yield Debate Stalls Progress

Despite broad bipartisan agreement on the need for clearer crypto rules, momentum has slowed over a central issue: whether crypto exchanges should be permitted to offer yield or reward products tied to stablecoins. Lawmakers, regulators, and industry participants remain deeply divided, making the debate a key obstacle to advancing broader market-structure legislation.

In an effort to break the impasse, the White House has stepped in to facilitate direct negotiations. For context, on Monday, administration officials convened a meeting at the Eisenhower Executive Office Building, bringing together crypto trade groups, exchange representatives, and Wall Street bankers.

According to Bloomberg, participants were encouraged to find common ground on stablecoin yields before the end of the month.

Industry Groups Welcome White House Intervention

While the meeting did not result in an immediate agreement, several industry organizations described it as a constructive step forward.

Bloomberg reported that the Digital Chamber circulated a memo summarizing the discussions. Specifically, the memo said regulators and industry leaders reviewed existing proposals and clarified where disagreements remain.

Digital Chamber CEO Cody Carbone said the group remains committed to advancing legislation that does not disadvantage innovators or consumers who rely on digital assets. The Blockchain Association expressed a similar view.

In a post on X, CEO Summer Mersinger said the meeting marked a step toward bipartisan crypto legislation. She highlighted this progress while representing more than 100 member organizations.

In a separate memo, the association emphasized that sustained dialogue is essential to narrowing differences and delivering clear regulatory guidance.

White House Push Meets Analyst Skepticism

From the administration’s perspective, the discussions appear to be moving in a positive direction.

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, called the meeting constructive and said it focused on identifying solutions. He added that, in recent months, progress has been made on several difficult policy issues and expressed confidence that the remaining disputes, too, can be resolved.

This renewed push follows earlier warnings from the White House. Last month, a senior administration representative called for the swift passage of legislation to regulate the crypto market. They emphasized that a multi-trillion-dollar industry cannot operate effectively without a comprehensive regulatory framework.

Nevertheless, outside analysts remain cautious. In a research note issued Monday, investment bank TD Cowen said the bill is unlikely to advance without direct involvement from President Trump.

Jaret Seiberg, managing director at TD Cowen’s Washington Research Group, said industry divisions and political barriers remain substantial. He added that presidential intervention may be necessary to force compromises between traditional banking interests and the crypto sector.

Taken together, these developments underscore both the growing urgency to regulate digital assets and the difficulty of achieving consensus. As negotiations continue, the bill’s fate may hinge on whether political leadership can align competing interests around a shared regulatory vision.

Cardano Price Prediction for Feb 3: Here Are Key Support and Resistance Levels for ADA Price

Mark Brennan
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Cardano Price Prediction for Feb 3: Here Are Key Support and Resistance Levels for ADA Price

Cardano is attempting a short-term recovery as traders monitor key technical levels to assess whether recent gains can extend.

Notably, Cardano (ADA) has engineered a short-term recovery, rising by about 5% over the past 24 hours to trade near $0.298. This came after rebounding from intraday lows around $0.284 and briefly testing highs close to $0.303.

The intraday chart shows renewed buying interest after recent weakness. Trading volume over the last 24 hours stands near $618 million, down 30% during this press. Elsewhere, ADA’s market capitalization is hovering around $11.0 billion, up 4.57% in the past day.

Despite the daily bounce, Cardano’s broader trend remains weak. ADA is still down about 15% over the past week, roughly 19% over 14 days, and more than 25% over the past month. The current price action places focus on whether buyers can build follow-through or if selling pressure resumes at nearby resistance levels.

Cardano Price Analysis

In TradingView’s daily chart, Cardano is currently stabilizing around the $0.272 support zone, which has acted as the first line of defense following the recent sell-off. A daily close below the lower range around $0.284 would weaken the structure and likely open downside risk toward the next support region around $0.27.

Cardano Price Analysis
Cardano Price Analysis

On the upside, ADA continues to face firm resistance near $0.35–$0.36, which aligns with the Supertrend level at approximately $0.358 and prior breakdown zones. This area has repeatedly capped rebound attempts, making it a critical level for any recovery.

Beyond that, a stronger resistance band sits between $0.40 and $0.42, where sellers previously regained control during failed upside moves. A sustained push above $0.36 would be necessary before Cardano can challenge higher resistance.

Elsewhere, the Awesome Oscillator is negative at around –0.068, showing expanding bearish momentum rather than stabilization. Until the AO begins to flatten or turn positive and ADA reclaims levels above $0.36, downside risks remain elevated despite support holding near $0.27.

Higher Prices for Cardano?

In an X commentary, analyst Matthew Dixon noted that Cardano’s recent decline appears corrective, with price retracing in a three-wave ABC structure. According to Dixon, this pattern is typically corrective but suggests the potential for higher prices.

Cardano Prediction
Cardano Prediction

He highlighted $0.24 as a critical long-term support zone, emphasizing that as long as ADA remains above this level, the risk-to-reward profile favors long positions.

However, Dixon cautioned that a decisive break below $0.24 would invalidate the setup and represent a serious technical warning for Cardano’s broader structure. The RSI remains tilted to the downside but is showing early signs of bearish momentum exhaustion.

Cost of Buying 500M Shiba Inu at Current Prices and Its Worth if SHIB Hits $0.00005

Lele Jima
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0
Cost of Buying 500M Shiba Inu at Current Prices and Its Worth if SHIB Hits $0.00005

Despite Shiba Inu prolonged downturn, some holders view current prices as a chance to accumulate sizable positions ahead of a potential rebound toward $0.00005.

Shiba Inu keeps attracting speculative interest due to its low unit price and past rallies that delivered outsized gains. Although SHIB has declined sharply, many investors now see the dip as an opportunity to accumulate hundreds of millions of tokens at a discount.

Notably, bullish holders expect SHIB to rebound from recent lows, erase a zero, and target analyst projections such as $0.00005. Based on this outlook, The Crypto Basic evaluated a 500 million SHIB position, examining both its current cost and its potential value if that target is reached. 

Key Points 

  • Some Shiba Inu community members view SHIB’s downturn as an opportunity to grow their SHIB portfolios. 
  • A 500 million SHIB position, which cost around $5,000 earlier this year, is now worth $3,423. 
  • This position would be worth more than $20,000 in value if SHIB ever rallies to $0.00005. 
  • Analysts have set different timeframes for SHIB’s price to rise to this level. 

500M SHIB Today and Potential Worth at $0.00005 

Currently, SHIB trades at $0.000006846, creating a lower entry point for buyers. At the current price, acquiring 500 million SHIB costs about $3,423, down from roughly $5,000 when SHIB traded at $0.00001 earlier this year. 

If SHIB eventually climbs to $0.00005, that same holding would be worth $25,000. If this plays out, the rally would translate to an ROI of around $21,600. 

Shiba Inu Current Path to $0.00005

Shiba Inu last traded near $0.00005 in late November 2021, shortly after setting its all-time high a month earlier. Since then, sustained bearish pressure has kept the token well below that level.

At its current price of $0.000006846, SHIB would need to rally about 630% to reach $0.00005, lifting its market cap to roughly $29.46 billion, far above its current $4.04 billion valuation. Even if that target is met, SHIB would still trade 43.47% below its all-time high of $0.00008845.

Predictions for $0.00005

Speculation around a move to $0.00005 remains common within the SHIB community. In 2024, when SHIB traded near $0.00001920, community analyst SHIB KNIGHT predicted a rally to that level. Additionally, TradingView analyst Alan Santana stated that SHIB had formed a bullish base that could support a move to $0.00005.

After SHIB’s pullback from its post-election rally, analyst Dollars Maker projected a rebound to $0.00005816. However, none of these forecasts have materialized, as SHIB has continued to decline.

Nonetheless, some analysts remain optimistic. Changelly projects SHIB could reach $0.0000506 by May 2030, while Telegaon expects a return to $0.00005 as early as this year. Despite SHIB’s history of sharp rallies, analysts urge caution amid broader macroeconomic pressures weighing on the crypto market. 

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