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Here’s How High XRP Could Go if It Mirrors BNB’s Push Past $1,000

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A well-known market strategist believes XRP is currently following the path set out by BNB amid the rally to $1,000.

Notably, XRP has slipped back under the $3 mark as the broader crypto market faces new downward pressure. The drop has made traders cautious, as they watch to see if the token will hold its next support levels. 

However, despite this short-term weakness, some analysts believe XRP could soon follow BNB’s recent breakout and set up for a rally well above $5. Specifically, Charting Guy recently compared the price charts of BNB and XRP and pointed out some interesting similarities. 

XRP Following BNB Fractal
XRP Following BNB Fractal | Charting Guy

BNB’s Path to $1,000

Notably, on the weekly chart, BNB lost momentum after its 2021 peak of $693 in May of that year. Following the local top, it spent years forming lower highs, all connected by a descending trendline. At the same time, it kept bouncing around the $200 zone, especially from 2022 to late 2023, creating a flat support level in this region. 

After BNB cleared the resistance at the descending trendline in late 2023, it saw an initial uptick but didn’t immediately explode. Instead, it traded sideways inside a rectangular accumulation zone for months, stretching through late 2024 and into early 2025. 

However, when the bullish momentum finally returned, confirmed by a bullish crossover on the weekly oscillator, BNB broke out of the range in July 2025 and hit a fresh all-time high above $1,000, reaching $1,082 before facing new resistance.

XRP Following the Same Pattern

Interestingly, XRP’s daily chart shows the same setup. Specifically, since late 2024, following its breakout from the $0.5 level, XRP has trended lower under a descending resistance line while holding firm around $2 support. 

In July 2025, it broke the trendline and rallied past $3.6 before stalling in a sideways box between roughly $2.7 and $3.6. XRP has maintained a price action within this box for nearly two months.

BNB 1W Chart and XRP 1D Chart Charting Guy
BNB 1W Chart and XRP 1D Chart | Charting Guy

However, the daily oscillator has now flashed a bullish crossover, almost identical to the one that triggered BNB’s breakout earlier this year. XRP currently trades around $2.9, but Charting Guy’s charts indicate that it might be placing itself at the same stage BNB was in before its surge.

The resemblance between the two charts is hard to ignore. Specifically, both assets show the same sequence: a steep decline from highs, multiple tests of a flat base, a breakout from a falling resistance line, a sharp spike, and a consolidation phase inside a rectangle. 

For BNB, this structure ended with a breakout to record levels above the $1,000 price milestone. If XRP repeats the script, a move above $5 could be next, also marking a new all-time high.

XRP Short-Term and Long-Term Outlooks

Despite this promising outlook, XRP’s short-term price action is shaky. EGRAG Crypto recently warned that the 50-day EMA is on track to meet XRP around $2.77. He said a clean break below that level could send the token lower, with $2.65 standing as the most important support for the next bull run. 

Meanwhile, DustyBC also urged caution, pointing out that XRP’s recent swings have lacked conviction. He noted the token rallied briefly after the FOMC meeting but then dropped again, leaving it stuck in sideways action. 

XRP 4h Chart DustyBC
XRP 4h Chart | DustyBC

He stressed that XRP must hold above the 200-day EMA, since a fall below it would show that recent rallies were only fakeouts.

On the other hand, long-term projections remain far more bullish. Analyst AllInCrypto has a target of $19.20 for XRP, arguing that the bigger trend still points higher once market momentum turns.

XRP Final Move of 2025 Is Coming: Web3 Expert Explains XRP Road to $25

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A notable Web3 researcher believes XRP is set for a massive breakout before the year ends, with upside potential approaching 10X.

XRP is currently trading at $2.82 after dipping 6% over the past day, falling below the $3 level. However, this latest dip has not dampened investor optimism around the asset.

Phantom DeFi, a well-known DeFi and alpha researcher, outlined key factors that could propel XRP toward $25 by December 2025, describing it as the asset’s “final move.”

Ripple’s Legal Clarity “Opens the Floodgates”

After five years of legal battles, Ripple has successfully settled with the U.S. Securities and Exchange Commission. This gives XRP what Phantom DeFi calls the “strongest legal clarity in U.S. history.”

The legal victory removes the biggest regulatory obstacle and is now attracting banks, funds, and corporations that had previously hesitated to use the token.

ETF Frenzy to Ignite Wall Street Demand

Meanwhile, about seven spot XRP ETF applications are currently under review. Interestingly, prediction market data shows a 95% chance of approval by mid-October.

Phantom DeFi believes that these ETFs could unlock trillions in institutional liquidity, creating the kind of Wall Street ignition moment that could dramatically increase demand for XRP.

RLUSD Stablecoin Expands Global Reach

Also, Ripple’s U.S. dollar–backed stablecoin, RLUSD, is already live in the United States. The company has announced plans for RLUSD to enter Japan in Q1 2026 through its partner, SBI.

Fully backed by U.S. Treasuries and bank deposits, and audited monthly, RLUSD strengthens the XRP Ledger as a settlement layer for institutions worldwide.

Ripple on the Verge of Becoming a Bank

Ripple is also close to securing a New York banking charter and is awaiting approval for a Federal Reserve master account.

Approval would effectively position Ripple as a bank directly connected to the Fed’s settlement system, which is an unprecedented step for a blockchain company. Given the implications, Ripple is facing resistance from the traditional banking sector over the approval.

Traditional Finance Quietly Integrating XRPL

Meanwhile, major financial institutions are already integrating Ripple’s technology. Specifically, Franklin Templeton is exploring tokenized funds on the XRPL; DBS is working on RLUSD expansion in Asia; and BBVA is developing custody services on Ripple infrastructure.

According to Phantom DeFi, these moves signal a quiet onboarding of trillion-dollar institutions.

The analyst also noted that the macroeconomic environment is aligning in XRP’s favor. With U.S. debt exceeding $35 trillion and growing concerns about the long-term trustworthiness of the dollar, global institutions like the BIS and IMF are increasingly advocating for blockchain-based settlement systems.

Path to $25 by December

Phantom DeFi believes that September 2025 is the calm before the storm. He forecasts that XRP could break $25 by December, potentially “rewriting financial history.”

For investors, he describes this as a once-in-a-century asymmetric opportunity if the catalysts align as expected.

Other XRP commentators suggest the token could create more millionaires by the end of the year due to the powerful catalysts lined up.

However, some conservative voices believe XRP may only reach $5 by the end of 2025.

Here’s Why Cardano Has a Huge Advantage in Coming Years

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Cardano enthusiast and content creator David has explained why Cardano would stand out among its rivals in the coming years.

In his recent X post, he claimed that Cardano has a significant advantage, citing its ledger system as a key factor in its future success. Specifically, he stated that Cardano use of the eUTXO accounting system would ensure it stands out among its peers.

Cardano’s eUTXO Strength to Provide an Advantage

For perspective, David highlighted that Bitcoin uses the UTXO (Unspent Transaction Output) ledger model. This system records wallet balances as an addition of unspent outputs, which can be reused in subsequent transactions.

When a user makes a transaction in the Bitcoin network, the inputs are unspent outputs from previous movements, which are spent to create new UTXOs. The new batch of UTXOs is fed back in the next transaction, and the chain continues in the sequence. Notably, this mechanism offers the advantages of security and simplicity while also preventing double-spending.

Meanwhile, the Cardano ecosystem utilizes the extended UTXO (eUTXO), which the pundit stated was an improvement on Bitcoin’s UTXO. Cardano implemented this blockchain model during the Alonzo hard fork in September 2021, which introduced smart contract functionality on the network.

All Bitcoin Can Do But With Smart Contract Support

As a result, David emphasized that Cardano could achieve all that Bitcoin can in terms of transaction security, but with the addition of decentralized finance (DeFi). The eUTXO model retains Bitcoin’s security while powering an ecosystem of smart contract-enabled dApps. 

According to the content creator, that was a big deal for Cardano, as other blockchains employed more complex and less secure ledger models. He added that the upside of combining long-standing security systems with “real utility” sets it apart for mainstream adoption.

David further claimed that Cardano is the one to watch for those looking for “a blockchain that balances proven reliability with future potential.”

Cardano’s Focus on Technological Advancement an Edge?

Remarkably, the Charles Hoskinson-founded network has demonstrated a commitment to enhancing its technology to keep pace with the growing crypto ecosystem. This focus has fueled speculation that bigger things are in the pipeline for Cardano, with David’s post aligning with that.

Despite Hoskinson admitting that Cardano lost ground to Solana due to difficulties in dApp deployment years back, he shares a sentiment that Cardano will recuperate and win the tech war against its rivals, including Ethereum. He even claimed that Cardano is the biggest threat to Bitcoin’s dominance.

Meanwhile, some of his confidence stems from the Bitcoin DeFi venture as well as upgrades such as Leios and Hydra. Some other enthusiasts point to the imminent US Cardano spot ETF and emerging institutional traction as catalysts that could set ADA up for future exploits.

XRP Seoul 2025 Unveils ‘Infinite Money Glitch’ Crypto Founder Says, ‘This Is a Dream Come True’

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Ripple’s XRP Seoul 2025 event marked the unveiling of a groundbreaking development in the XRPL ecosystem: the launch of mXRP.

Notably, mXRP is the first-ever liquid staking token on the XRP Ledger, designed to create new opportunities for passive income and DeFi integration. Remarkably, this initiative is being touted as the beginning of an “Infinite Money Glitch.”

A 10% APY Liquid Staking Solution for XRP Holders

Unveiled by Georgios Vlachos, co-founder of Axelar Network, mXRP allows users to stake their XRP and receive mXRP tokens in return.

The users can then use this liquid derivative token across DeFi protocols while continuing to earn staking rewards. Interestingly, Vlachos described the initiative as an “Infinite Money Glitch,” highlighting the compounding potential of earning yield while maintaining capital liquidity.

Hyperithm, a leading Korean digital asset management firm, will manage the deposited XRP assets. Meanwhile, Midas, a tokenization platform with over $1.22 billion in total value locked (TVL), is responsible for designing the product’s structure.

In this model, if profits are not realized or losses occur, Hyperithm and Axelar will take responsibility. Notably, the target annual return for mXRP is 10%. This unveiling has sparked significant excitement in the XRP community.

The Infinite Money Glitch | Image by Crypto Eri
The Infinite Money Glitch | Image by Crypto Eri on X

“This is a Dream Coming True”

Panos Mekras, co-founder of Anodos Finance, expressed strong support for the project. According to him, mXRP will be the biggest catalyst for XRPL adoption and activity this last quarter. 

He emphasized that earning a 10% APY on XRP through DeFi yield, simply by holding mXRP, is a major opportunity.

Mekras also pointed to the low-risk nature of providing liquidity via an XRP/mXRP pool. He suggested that it could quickly become the top liquidity pool on XRPL due to minimal impermanent loss and dual yield potential.

“This is a dream coming true,” Mekras concluded.

“Next Big Wave of Adoption for the Ledger”

Meanwhile, prominent XRPL advocate Crypto Eri captured the energy of the event in her YouTube coverage. She highlighted the long lines of attendees and the buzz surrounding the mXRP reveal.

“This is really the next big wave of adoption for the ledger,” she said, referencing the XRPL’s expansion into the Asia-Pacific region.

Indeed, Ripple is strategically pushing to establish a strong presence in Korea and Japan as key hubs for regional growth.

At XRP Seoul 2025, Christina Chan, Ripple’s Senior Director of Ecosystem Growth, announced the company’s plan to establish an Asia-Pacific (APAC) hub centered in South Korea.

Chan stated that the initiative will strengthen Ripple’s regional leadership and support fintech innovation in Korea. She also highlighted key ecosystem milestones, including:

  • A 100% increase in XRPL DeFi total value locked (TVL) this year
  • The successful launch of the EVM sidechain
  • The growth of Ripple’s developer event, APEX, which has expanded from 100 to over 3,000 participants since 2021

The Ripple director also revealed that the company operates a 1 billion XRP fund to further fuel XRPL’s global growth.

Shiba Inu Risks Losing Second-Biggest Meme Coin Spot to PEPE

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The meme coin rivalry is intensifying, with Shiba Inu at risk of being overtaken by Pepe and losing its spot as the second-biggest meme coin. 

Since early 2022, Shiba Inu has maintained its position as the second-largest meme coin behind Dogecoin. However, Shiba Inu’s dominance in the meme coin market is now under threat from rising rival Pepe.

Pepe and Shiba Inu Market Gap

Popular meme coin proponent Pepetoshi Nakamoto referenced data from CompareMarketCap to show how close Pepe is to overtaking SHIB.

The accompanying screenshot shows that Pepe was just a 1.69x surge from overtaking Shiba Inu in market capitalization. According to the data, Pepe was trading at $0.000010, which translates to a market cap of $4.51 billion. On the other hand, Shiba Inu had a price of $0.000012 and a valuation of $7.62 billion.

With this data, Pepe only needs to soar by 69% to overtake Shiba Inu’s market cap and become the second-biggest meme coin. If this happens, the price of PEPE would skyrocket to around $0.000018.

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Recent Performance

The close gap between Shiba Inu and its rivals tightened as SHIB has lost a significant chunk of its value over the past few months.

For context, SHIB has lost 42.7% of its value since the beginning of the year. It has also plunged by 9.13% over the past 30 days and 10.96% over the past seven days alone.

Similarly, Pepe has also posted huge losses over the same timeframe. The frog-themed token has declined by 51.2% year-to-date, 15.7% in the past 30 days, and 13.7% in the past week.

However, while PEPE has registered a rally of 18.13% over the past year, SHIB has dipped by 17.67% in the same timeframe.

PEPE Now 1.74x from Flipping SHIB

Meanwhile, the latest data from CompareMarketCap reveals that the gap has widened to 1.74x, indicating that Pepe now needs a 74% rally to surpass SHIB. This comes after PEPE’s price dipped by 9.44% over the past day to $0.0000097, with its market cap also dropping to $4.09 billion.

However, Shiba Inu has only plunged 6.94% over the past 24 hours. It is currently trading at $0.00001211, boasting a market cap of $7.15 billion.

Why Bitcoin Could Set New ATH as Gold Breaks Records

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A renowned market analyst recently suggested that Bitcoin was on track to hit a new all-time high, as it mirrors gold’s rallies.

Notably, this commentary came from Ted Pillows, who noted that gold has been climbing to repeated highs, and Bitcoin is preparing for a similar breakout. 

Gold’s Ongoing Surge Provides the Blueprint

Specifically, the expert pointed out that gold’s latest rally provides the clearest framework for understanding Bitcoin’s current market structure. Gold began its surge in October 2022 near $1,600 and has since climbed steadily to around $3,700, marking a new series of all-time highs. 

According to Pillows, this sustained move has not only confirmed gold’s long-term bullish outlook but also presented the groundwork for Bitcoin to follow a similar trajectory.

Pillows stressed that Bitcoin often mirrors gold’s rally with a slight lag, and the present setup is no different. Just as gold broke through consolidation levels before accelerating higher, the Bitcoin price is showing signs of repeating this structure. 

However, Pillows cautioned that before Bitcoin price advances toward new highs, a 10–15% correction is likely, which would bring its price back into the $95,000–$101,000 range from the current $112,841. He argued that this corrective phase would cleanse speculative excess, echoing similar pauses seen during gold’s rise, before laying the foundation for a stronger breakout. 

According to Pillows, once that corrective phase is complete, Bitcoin will have the structural strength to push decisively higher, with a move toward $150,000 by the end of Q4 firmly on the table.

Past Rally Correlations Between Gold and Bitcoin

Notably, chart data confirms the historical connection between both assets. Gold’s major bull run began in October 2008 when it traded near $682, before embarking on a three-year climb to an all-time high of $1,920 in December 2011. This represented a 182% increase, fueled by macroeconomic uncertainty and heightened demand for safe-haven assets. 

Years later, Bitcoin reflected a similar trajectory. Starting in September 2020 at about $10,107, Bitcoin price rallied to nearly $65,000 by April 2021, achieving a 544% gain in just seven months. 

Both rallies followed a comparable pattern of consolidation, breakout, and accelerated price discovery. This parallel confirms the view that Bitcoin’s long-term cycles often echo gold’s earlier moves, particularly during periods of financial stress and institutional hedging.

Bitcoin and Gold Chart New1010x111
Source: TradingView

Bitcoin’s Structure Reinforces The Digital Gold Narrative

Moreover, in mid-2024, analyst Ali Martinez drew attention to Bitcoin’s long-term resemblance to gold’s price behavior. He highlighted that both assets demonstrate extended consolidation phases followed by breakout rallies, a cyclical pattern that underpins their structural similarities. 

Martinez stressed that since early 2023, Bitcoin has closely mirrored gold’s bullish momentum, consolidating before breaking higher in a manner consistent with gold’s historical advances. 

His analysis further supports the argument for Bitcoin’s role as “digital gold,” with its current market structure suggesting continuity with gold’s trajectory. 

Here’s Why Shiba Inu Unlikely to Create More Millionaires

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While Shiba Inu gained fame for previously turning many investors into millionaires, its capacity to replicate that success now appears doubtful.

Shiba Inu’s rise to fame in 2021 has remained one of the most popular stories in the crypto market. At the time, the cryptocurrency recorded an explosive rally that turned several early believers into overnight millionaires.

However, Shiba Inu appears to be behind its golden days in recent times. The token, which once rallied over 150 million percent within 14 months, has since endured a lackluster performance for several years.

Why Shiba Inu Might Not Create More Millionaires Like Before

Speculation about Shiba Inu turning new investors into millionaires has significantly faded in recent times. Several key factors support this skepticism.

Anonymous Team and Lack of Transparency

Since its launch in August 2020, Shiba Inu’s core developers have remained anonymous. This continues to raise doubts about the project’s long-term vision and accountability.

From SHIB’s founder, known by the pseudonym “Ryoshi,” to its lead developers, nearly every key figure behind the project has chosen to remain anonymous.

Investors initially found this secrecy intriguing during the early meme coin cycle. However, the team’s continued preference for anonymity now puts SHIB at a disadvantage, especially in today’s market, where transparency and credibility are crucial, according to some commentators..

Slow Project Development and Unfinished Deliverables

Shiba Inu’s growth over the years, particularly its transition from a token to an ecosystem, has been impressive. The team has promised ambitious projects for its ecosystem, such as Shibarium, ShibaSwap, Shib: The Metaverse, Shib Marketplace, and a Layer-3 blockchain, among others.

While some of these projects are fully functional, many remain incomplete. For instance, there have been fewer updates about the promised SHIB Marketplace and the L3 privacy-focused blockchain. The team has also yet to complete its metaverse project, leaving many investors frustrated.

This has weakened Shiba Inu’s image as a serious project with long-term utility.

Shibarium Hack Shakes Investors’ Confidence

The launch of Shiba Inu’s L2 blockchain, Shibarium, in 2023 was celebrated as a key milestone for attracting more investors into the ecosystem and boosting the adoption of SHIB.

However, the blockchain recently suffered a devastating attack that saw hackers siphon over $4 million worth of assets. This setback eroded the confidence of holders who had been banking on Shibarium as a catalyst for SHIB’s growth.

Shiba Inu Negative Price Action

Although Shiba Inu saw impressive gains in its early days, its current performance has left many investors dissatisfied. The token has remained stuck around the $0.00001 level for months, even as other altcoins have rallied significantly.

As of now, SHIB is trading at $0.00001247, down 41% year-to-date, 15.11% over the past year, 9.44% over the past week, and 4.18% in the last 24 hours. Amid this prolonged stagnation, many investors who once dreamed of becoming millionaires are left holding a token that struggles to keep up with the broader market.

Losing Top 20 Position

Shiba Inu, which earlier aimed to reclaim a spot in the top 10 cryptocurrencies, has now dropped out of the top 20. It currently ranks as the 22nd-largest cryptocurrency, with a market cap of $7.33 billion.

Falling in the rankings means reduced visibility to new investors, further limiting SHIB’s chances of repeating past gains and diminishing its potential to create new millionaires.

Declining Community Support

One of the key drivers behind Shiba Inu’s meteoric rise in 2021 was the unwavering support from its community, known as the “ShibArmy.”

This grassroots movement played a critical role in securing listings on major exchanges like Binance. However, following SHIB’s underwhelming performance, community support has dwindled.

Many early supporters are now promoting other tokens, which has reduced SHIB’s visibility and momentum.

Lack of Institutional Recognition and ETF Filing

While Bitcoin, Ethereum, and even meme coins like Dogecoin have gained traction through institutional adoption and ETF filings, Shiba Inu remains excluded. No asset manager has filed with the SEC to launch a SHIB-focused ETF in the U.S.

While some community stakeholders speculate that SHIB could draw an ETF filing after Coinbase recently introduced SHIB futures, no asset manager has publicly confirmed such plans.

Without ETF support, SHIB has a limited chance of attracting serious institutional investment, which hampers its long-term sustainability and adoption potential.

Massive Supply

Shiba Inu’s enormous token supply continues to be a major obstacle. Despite more than 410 trillion SHIB being burned, over 589 trillion tokens remain in circulation.

This excessive supply poses a challenge for the token to replicate its earlier explosive rallies, making the millionaire dream increasingly unlikely.

Rising Competition

Shiba Inu is also contending with intense competition from a surge of newer tokens that have captured the interest of investors. This year alone has seen the launch of multiple meme-based projects, including Donald Trump’s official meme coin and other celebrity-backed tokens.

As this trend gains momentum, investor attention increasingly shifts towards these new entrants, leaving SHIB struggling with waning demand. 

Conclusion

Given Shiba Inu’s anonymous leadership, delayed projects, recent security issues, and declining momentum, the cryptocurrency may no longer be well-positioned to create new millionaires as it once did.

For perspective, turning a $1,000 investment into $1 million would require SHIB’s price to climb from $0.00001245 to $0.01245.

However, many consider such a target unrealistic given Shiba Inu’s massive circulating supply of 589 trillion tokens. At that price, SHIB’s market cap would reach $7.33 trillion, exceeding the combined valuation of Apple and Google.

XRP Needs Only 5% of BTC’s Capital to Explode: Dr. Willie Hydraulic Pipe Analogy

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A recent hydraulic pipe analogy from Dr. Jim Willie confirms that XRP could skyrocket if just 5% of Bitcoin capital flows into XRP.

Notably, during a recent appearance on the Black Swan Capitalist with host Versan Aljarrah, marketing research analyst Dr. Jim Willie shared an interesting analogy to explain how capital flowing out of Bitcoin and into XRP could lead to an explosive price surge. 

Dr Jim Willie’s Hydraulic Pipe Analogy

Speaking on this effect, Willie compared Bitcoin’s large market to a wide hydraulic pipe and XRP’s smaller market to a much narrower one. He explained that when pressure moves from a larger tube into a smaller tube, the force increases massively because the area scales with the square of the radius. 

He applied this to crypto, arguing that when traders take profits from Bitcoin or Ethereum and redirect them into XRP, the smaller market behaves like the narrow pipe. This usually leads to rapid and amplified price movements. Dr. Willie added that the effect could become even stronger once XRP ETFs enter the market.

Details of the Analogy for XRP Price Action

Interestingly, Rob Cunningham of the KUWL show picked up on Willie’s remarks and discussed the analogy with figures in a recent X commentary. 

Notably, he first presented a framework that assumed that Bitcoin’s market cap equals M. In this case, XRP’s market cap is M divided by 13, making XRP roughly thirteen times smaller. 

Here, if a flow of size F exits Bitcoin and moves into XRP, the smaller market would absorb that flow with far more force. Cunningham explained that market impact tends to scale with the ratio of flow to liquidity depth, and since depth tracks market cap, the same amount of money that barely shifts Bitcoin could push XRP thirteen times harder.

Further, he also noted that real trading isn’t linear. Notably, order books thin as large trades sweep through them, spreads widen, and liquidity providers step back. 

In smaller markets, the price can move in ways that look quadratic rather than linear. As a result of this, a thirteen-fold gap in liquidity can easily turn into candles tens or even hundreds of times more extreme on XRP compared to Bitcoin.

Possible Speeds of Rotation

He then outlined how different speeds of rotation might work. Specifically, if the rotation happens slowly over weeks, market makers would have time to adjust, and XRP could climb 2 to 5x from its base while Bitcoin drops lower in an orderly way. 

Meanwhile, if the flows take only days, Bitcoin would likely see sharper dips while XRP could jump 5 to 20x before correcting. However, if the shift happens within hours, Bitcoin might experience sudden declines while XRP could shoot up vertically, sometimes 10 to 20x in a single day, before crashing back just as fast.

Cunningham highlighted several hidden forces that could boost the move. He claimed that only about 5% of XRP’s total supply trades freely, which means any new money hits a very thin float. 

In addition, liquidity also spreads across multiple exchanges, so slippage gets worse. Moreover, derivatives such as perpetual futures can force buy-ins during squeezes, and rising prices tend to draw in more traders chasing the move. Essentially, this feeds a loop of momentum.

What Could a 5% Rotation from Bitcoin Mean for XRP Price?

At the time of his commentary, Bitcoin’s market cap stood near $2.3 trillion with a price of around $116,000, and XRP’s valuation was around $180 billion, with a price of $3. This maintained the one-to-thirteen ratio. 

A 5% rotation out of Bitcoin equals $115 billion. If that $115 billion flowed into XRP, its market cap would rise from $180 billion to roughly $295 billion. Notably, this translates to a price of $4.90 per token. 

However, markets don’t move in such straight lines. Due to how shallow order books are, the actual result could be much higher. Under slow rotation, XRP could climb from $3 to a range of $6 to $15. However, with faster flows, it could reach between $15 and $60, representing the 5 to 20x rise projected by Cunningham.

Bitcoin Selloff Triggers $1.70B in Liquidations

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The crypto market opened the week on shaky ground, with Bitcoin sliding to $112,200. 

Notably, the coin traded at $115,900 over the last 24 hours. The sharp decline triggered a chain reaction of liquidations, erasing more than $1.70 billion in leveraged positions within 24 hours. Most of these losses came from long positions, with over 95% of liquidated trades reflecting overly bullish bets.

Bitcoin and Altcoins Face Selling Pressure

At the time of writing, Bitcoin was trading at $112,908, down 2.78% in the past day. The downturn wasn’t limited to Bitcoin alone. Major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), also lost ground. Smaller meme tokens, often driven by speculative retail interest, saw even sharper declines.

According to Coinglass data, more than 404,744 traders were liquidated during the session. The single largest event occurred on OKX, where a $12.74 million Bitcoin position was closed.

Crypto market liquidations overview
Crypto market liquidations overview

Major cryptocurrencies faced sharp declines amid a broader market selloff. XRP dropped 6.34% to $2.81, while Solana slid 7.05% to $223.26. BNB fell 4.65% to $1,026.59, and Ethereum tumbled 6.2% to $4,204.

Bitcoin Institutional Buyers Step In

While retail traders faced steep losses, institutions continued to demonstrate confidence in Bitcoin’s long-term value.

On Monday, Tokyo-listed investment firm Metaplanet announced the purchase of 5,419 BTC worth approximately $632 million. This acquisition lifted the firm’s total holdings to 25,555 BTC, worth nearly $2.91 billion. The firm’s average acquisition cost stands at $106,065 per coin.

The purchase was funded through a $1.45 billion international share offering. Metaplanet’s growing reserves have also reshaped the global leaderboard of corporate Bitcoin holders.

With its latest acquisition, Metaplanet climbed into the top five publicly listed companies holding Bitcoin, surpassing Peter Thiel-backed Bullish. It now trails only MicroStrategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company, according to Bitcoin Treasuries data.

Beyond rankings, the move brings Metaplanet closer to its ambitious acquisition targets. The firm has already achieved 85.2% of its 2025 goal of 30,000 BTC and stands at 25% of its 2026 target of 100,000 BTC.

Key Levels in Focus for Bitcoin

Despite institutional confidence, traders remain cautious about Bitcoin’s near-term direction. Crypto analyst Ali Martinez, in a post on X, has pointed to $115,440 as the key support level that could determine the next phase for the market.

If Bitcoin can remain above this threshold, momentum could strengthen, potentially sparking a rally toward $137,300.

However, the risk remains that Bitcoin may fail to hold this crucial support. Should that happen, Martinez warns the price could slide further, with $93,600 emerging as the next major downside target.

Bitrue Celebrates Partnership With Cardano Since 2018

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Prominent crypto exchange Bitrue praised Cardano on its seventh anniversary, celebrating its long-standing relationship.

The Singapore-based exchange recently clocked seven years and took to X to celebrate the new milestone. Curis Wang founded Bitrue in 2018, and it has since established itself as one of the leading crypto trading platforms.

Bitrue Highlights Partnership with Cardano

While Bitrue mentioned that it could not list all its over 250 partners who have helped shape its journey, the exchange, however, made an exception for Cardano. In a tweet today, Bitrue noted it would love to celebrate its anniversary with its long-standing partner, Cardano.

The platform highlighted that it has been working with Cardano since 2018. The ADA ecosystem was one of its earliest partners, and the collaboration has grown stronger, as evidenced by the milestones Bitrue identified in its September 22 post.

For context, Bitrue shared that ADA was one of the first tradable coins listed on Bitrue. It doubled down on the collaboration when it became the first exchange to list Cardano native tokens (CNTs) in July 2021.

Notably, Bitrue kick-started the CNT support with OccamFi’s OCC coin, a token that can be issued as both a CNT and an ERC-20 token. Since then, the exchange has gone on to list other tokens, including Cardano’s stablecoin DJED and SNEK, the largest token in the ecosystem by market capitalization.

Meanwhile, Bitrue added Cardano as a base currency in February 2022, further establishing its support for the network. It started with using ADA as a base pair for 10 tokens and has since introduced other pairs to provide users with flexibility.

Bitrue Highlights Milestones With Cardano

Bitrue’s Rich History of Supporting Cardano

The collaboration between Bitrue and Cardano also extends to innovation funding and active participation. For instance, the Singapore-based trading platform staked 1 million ADA on top Cardano staking pools in July 2022 to boost the network’s decentralization.

It also confirmed contributing open-source codes to facilitate ADA’s adoption, helping grassroots innovations to boost the Cardano ecosystem, and participating in several Cardano Summits. Further, The Crypto Basic revealed that Bitrue also invested an undisclosed amount in building the decentralized exchange WingRiders in March 2022.

Remarkably, Bitrue’s legacy extends beyond Cardano. The platform provides users with access to over 700 cryptocurrencies and various services, including spot, futures, staking, and OTC trading.