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Expert Says Days of Bitcoin Losing 80% of Its Value Are Long Gone: Here’s His ”Way Higher” Prediction

Elendu Benedict
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Expert Says Days of Bitcoin Losing 80% of Its Value Are Long Gone: Here’s His ”Way Higher” Prediction

Bitcoin is experiencing its largest institutional presence since inception, and a market veteran has projected its price will go way higher.

Institutions are flocking to Bitcoin, mainstream adoption is at its all-time high, and market experts believe this is still early. Speaking at an appearance on CNBC’s Fast Money, Steve Grasso, the CEO of Grasso Global, has predicted further highs for the largest cryptocurrency by market cap.

Bitcoin Will Go Way Higher

Grasso stated that Bitcoin is maturing into a prominent asset class amid heightened traction. Backing this adoption is a conducive regulatory environment in the United States.

The CEO, with over 20 years of market experience, called the current administration the “most crypto-friendly” that the industry has seen since its existence. Donald Trump’s pro-Bitcoin disposition has instilled a warming environment for the maturing sector, with the belief spilling into the US Senate and House.

Meanwhile, clear regulatory frameworks for digital assets are progressing rapidly in Congress, and the US Securities and Exchange Commission (SEC) has switched from oversight by enforcement to clarity, a major catalyst for the growing institutional interest in the crypto industry.

As a result, Grasso assures that Bitcoin would go higher as institutions continue to come around. With corporate and central banks’ adoption still around 2% and 3%, respectively, he projected that more capital would keep flowing into the industry.

For his price target, he predicted Bitcoin’s bullish uptrend through the lens of gold’s market cap. For context, he noted that gold’s current valuation stands at around $20 trillion and Bitcoin’s at $2 trillion.

If Bitcoin, widely known as “digital gold,” closes the gap on gold and claims at least 50% of its market cap, BTC would reach $500,000. However, he predicted an easy surge to between $250,000 and $350,000 in the near term.

Notably, he is not the first to predict Bitcoin’s price using gold’s valuation. Market enthusiasts like Galaxy Digital’s Mike Novogratz and Mexican billionaire Ricardo Salinas Pliego have projected a future where Bitcoin will rival gold and reach its market cap, driving prices much higher.

No More 80% Dips for Bitcoin

Furthermore, Grasso argued that Bitcoin will not see its early days of price inconsistencies again. Typically, Bitcoin has had four years in a bull cycle, with one of them marked by intense price correction to retest the previous cycle’s peak.

The veteran asserted that the days of an 80% drop are over for Bitcoin. He based this sentiment on the maturing crypto market fueled by institutional adoption.

 “There’s [sic] too many people that are looking for the asset,” he added.

Interestingly, this echoes an earlier comment from staunch Bitcoin advocate Michael Saylor. He noted that the days of a Bitcoin bear market are long gone, and Bitcoin will not record a major correction until it gets to $1 million.

Ripple CTO Happy About XRP Rally, Says Price Falls Short of True Value

Lele Jima
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Ripple CTO Happy About XRP Rally, Says Price Falls Short of True Value

Ripple CTO David Schwartz expresses enthusiasm about the XRP price surge, but suggested that the price does not showcase its actual value and utility. 

With the prices of major cryptocurrencies skyrocketing since last week, Schwartz took to X to share his outlook on Ethereum. Commenting on Ethereum’s surge above $3,000, the Ripple CTO said he was pleased to see ETH climb above that level again.

His commentary on Ethereum’s price action sparked reactions among XRP proponents. Specifically, EasyA co-founder Dom Kwok asked Schwartz about his view on XRP, given that the asset also saw massive gains that pushed it above the $3 mark.

Schwartz Comments on XRP Above $3

In response, Schwartz remarked that he is always delighted to see the prices of crypto assets like XRP soar, as it means holders are not sitting on losses.

However, he expressed skepticism about how much focus should be placed on price. According to him, price actions do not necessarily correlate with the ability to solve real-world problems.

In a follow-up post, Schwartz asserted that XRP’s current price does not reflect its true value, utility, or ability to solve real-world problems in the short term. Nonetheless, he stated that there is a possibility the price may reflect those fundamentals over the long term.

Price Suppression Theories

Schwartz’s remarks echo a common view among XRP supporters that its market price is significantly lower than its utility.

Notably, several financial institutions, including SBI Holdings and Santander Bank, have leveraged XRP for instant and low-cost cross-border settlements. Despite this adoption, many argue that XRP’s price remains far below its true value.

This has led to claims that the price is being suppressed to frustrate retail investors into selling their XRP tokens to institutions. Notably, Schwartz has consistently refuted these suppression theories, particularly those related to Ripple’s monthly XRP sales.

XRP Plunges Below $3 Amid Broader Market Pullback

Meanwhile, XRP recently benefited from the latest Bitcoin rally, with its price crossing the $3 mark yesterday. The last time XRP traded around the $3 level was February 1, 2025.

Shortly after reclaiming $3 yesterday, XRP slumped below that level and is currently trading at $2.87. XRP’s recent dip coincides with a broader market downturn. The prices of assets like Bitcoin and Ethereum are also dipping.

In the meantime, while XRP’s price is down 1.87% in the past day, the token remains up by 27% over the past week.

Grayscale Files IPO Registration Amid Historic Bitcoin Surge to $123K

Abdulkarim Abdulwahab
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Grayscale Files IPO Registration Amid Historic Bitcoin Surge to $123K

Grayscale Investments has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC).

The move signals a potential step toward a long-anticipated initial public offering (IPO). In a press statement today, Grayscale disclosed that it has submitted a draft registration statement on Form S-1 to the SEC. The confidential nature of the filing allows the company to undergo the initial stages of the review process without publicly disclosing detailed financials or IPO plans.

According to the announcement, details such as the share count and pricing for the potential IPO remain undecided at this time. The IPO will proceed following the SEC’s review, subject to “market and other conditions.”

Meanwhile, Grayscale clarified that the submission is not an attempt to sell or solicit interest in any securities.

Timing Aligns with Explosive Crypto Market Momentum

Grayscale’s filing comes at a time of heightened enthusiasm in the crypto market. For one, Bitcoin (BTC) surged past $120,000 earlier today, setting a new all-time high above $123,000. 

The rally marks a renewed bullish phase in the crypto asset space. Notably, it creates an ideal environment for crypto-native firms to enter public markets.

Grayscale, best known for its Grayscale Bitcoin Trust (GBTC), has long been one of the most influential asset managers in the crypto space, with billions in assets under management.

Following in the Footsteps of Circle and Coinbase

If successful, Grayscale would join the ranks of Coinbase and Circle, two major crypto firms that have gone public in the United States. Circle, the issuer of the stablecoin USDC, began trading under the ticker CRCL in June 2025. Its shares have since soared from under $50 to over $260, showing strong investor confidence.

At the moment, Grayscale’s IPO filing remains under review, with no official timeline disclosed. However, the listing could become one of the most significant public market debuts in crypto history, similar to Circle’s.

Another prominent firm that market watchers are closely monitoring for a potential IPO is Ripple. However, despite wild speculation, the firm has no immediate plans to enter public markets.

Bank of America Calls Ethereum the New Stablecoin Rail

Elendu Benedict
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Bank of America Calls Ethereum the New Stablecoin Rail

Ethereum is emerging as a top contender for stablecoin-based investors as the Bank of America launches new weekly research for digital assets.

Matthew Sigel, the head of digital asset research at VanEck, shared a new development in digital assets involving Bank of America (BofA), one of America’s leading banks. Amid a growing institutional interest in cryptocurrencies, BofA has launched a new weekly “On Chain” report, aiming to expose the areas of the rapidly evolving digital asset industry.

First Call: Bullish Ethereum

Ethereum, the largest altcoin by market cap, is not in its element yet this cycle, but was the first to attract the attention of BofA. Sigel emphasized this choice in his tweet, highlighting Ethereum’s bullish momentum.

Notably, BofA talked about the Crypto Week in the United States and how it would influence the industry. For the uninitiated, the week, specifically marked to handle crypto-related legislation in the US House of Representatives, resumed today.

Specifically, the important deliberations for the week are the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance bill. Among them, BofA highlighted the GENIUS stablecoin bill as one gaining traction in the current administration. The report quoted House Committee on Financial Services Chairman French Hill, who said in a “Think Crypto” podcast that dollar-backed stablecoins will enhance the US dollar’s dominance.

Further, BofA suggested that infrastructure providers like Stripe and Ethereum will be a good play for those seeking to gain exposure in the emerging stablecoin market. It noted that an acquisition of Ether, the native token of the Ethereum network, could be a good investment to leverage the stablecoin rise.

Excerpt from On Chain Weekly Report

Ethereum At the Center of the ChatGPT Moment

Without a doubt, the stablecoin market is attracting institutional players. Even the United States is bullish on the sector, with the Treasury Secretary Scott Bessent predicting the dollar-pegged stablecoin market would grow to $2 trillion in the next five years.

Meanwhile, at the center of this innovation is the Ethereum network, which hosts over 50% of all stablecoins in circulation. Many, including Fundstart CIO and the new chairman of BitMine, Thomas Lee, believe that Ethereum will benefit massively from the growing adoption.

He called stablecoins the “ChatGPT of crypto,” claiming that they would boost Ethereum’s utility, revenue, and consequently its price. It is with this in mind that BitMine adopted Ether as a reserve asset, becoming a corporate treasury firm.

Nonetheless, the stablecoin sector is sharing the scene with the fast-growing tokenization sector, which BlackRock CEO Larry Fink predicted will rally 4,000x in the future. Notably, XRP and Ethereum are investment plays for exposure to the RWA industry.

Strategy Buys 4,225 More Bitcoin, Holdings Top 600,000 BTC

Zabi
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Strategy Buys 4,225 More Bitcoin, Holdings Top 600,000 BTC

Strategy has announced purchasing 4,225 Bitcoin worth over $472 million, increasing its total holdings to more than 600,000 BTC. 

The software firm led by Bitcoin Bull Michael Saylor has expanded its already massive crypto portfolio by acquiring an additional 4,225 tokens this week. The company invested approximately $472.5 million between July 7 and July 13. It purchased the Bitcoin at an average price of $111,827 each.

This latest acquisition brings the company’s total Bitcoin holdings to 601,550 BTC. It solidifies its position as the world’s largest corporate holder of Bitcoin.

Equity Offerings Fuel Bitcoin Buying Spree

According to a regulatory filing submitted to the U.S. SEC, the acquisition was financed through Strategy’s ongoing at-the-market (ATM) equity offering programs. The company raised hundreds of millions of dollars in the past week alone through the sale of common and preferred shares.

Specifically, Strategy sold 797,008 shares of its Class A common stock under its Common ATM program. This generated $330.9 million in net proceeds. This program, launched on May 1, 2025, still has $17.78 billion in available capacity. 

The company also issued 573,976 shares of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ: STRK), bringing in $71.1 million in net proceeds.

Additionally, Strategy sold 444,005 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ: STRF), resulting in $55.3 million in net proceeds. 

Notably, Strategy initiated a new ATM program on July 7, 2025, for its 10.00% Series A Perpetual Stride Preferred Stock (NASDAQ: STRD). In its debut week, the program brought in $15 million through the sale of 158,278 shares. 

In total, the company continues to have billions in unused ATM issuance capacity, providing ample liquidity for future Bitcoin purchases.

Holdings Soar as Bitcoin Hits All-Time High

With the new acquisitions, Strategy’s total Bitcoin investment stands at roughly $42.87 billion. This equates to an average purchase price of $71,268 per BTC, including all fees and expenses.

The announcement comes as Bitcoin soared past the $120,000 threshold for the first time in its history. It reached a record high of $123,218 before settling at $121,534.

With the asset’s meteoric rise, Strategy now holds more than $30 billion in unrealized profit. So far this year, the company has achieved a strong 20.2% yield on its Bitcoin holdings.

Saylor Doubles Down on Bitcoin Thesis

Michael Saylor, who transitioned from CEO to Executive Chairman to focus exclusively on Bitcoin strategy, continues to steer the company toward deepening its crypto position.  Despite some criticism over the heavy reliance on equity dilution, Strategy’s long-term bet on Bitcoin has paid off. To date, the investment has proven highly profitable.

As traditional finance begins to explore greater exposure to digital assets, Strategy’s aggressive accumulation strategy is serving as a model for other corporate treasuries.

Federal Reserve Officially Adopts ISO 20022 for FedWire: What This Means for Ripple

Sam Wisdom Raphael
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Federal Reserve Officially Adopts ISO 20022 for FedWire: What This Means for Ripple

Ripple could benefit immensely as the Federal Reserve officially adopts ISO 20022 for FedWire, having already positioned itself with early compliance.

Notably, the U.S. Federal Reserve today officially made the switch to ISO 20022 for its FedWire Funds Service. This represented an important step toward modernizing the country’s payment infrastructure. 

FedWire Switches to ISO 20022

Essentially, as of July 14, 2025, all financial institutions that use FedWire must now send and receive messages using the ISO 20022 format. The change follows an earlier delay from March 2025, which gave banks and service providers extra time to prepare for the transition.

For context, ISO 20022 is a global messaging standard that brings structure, clarity, and consistency to how financial systems communicate. It allows banks and payment networks to share richer, more detailed information during transactions, helping reduce errors, improve compliance, and boost cross-border efficiency. 

Now, more than 80% of the world’s financial transactions are expected to use the format by the end of 2025. Amid this growing push, the standard is quickly becoming the industry norm.

Ripple is Already ISO 20022 Compliant

Interestingly, Ripple already positioned itself early to take advantage of this push. Specifically, in 2020, Ripple became the first blockchain-focused company to join the ISO 20022 Standards Body. 

Since then, it has built its global payment platform, RippleNet, to fully support ISO 20022. This allows Ripple to connect smoothly with banks, payment providers, and other financial institutions that follow the new standard.

RippleNet uses a common, structured messaging system that fits into the ISO 20022 framework. This setup improves transaction speed, accuracy, and transparency, which are important features that banks now need as they adapt to the Federal Reserve’s update. 

While XRP, the crypto asset Ripple uses for liquidity, doesn’t directly follow ISO 20022, it still plays an important role in Ripple’s operations. For context, XRP flows through RippleNet’s infrastructure, which meets ISO 20022 requirements, making it useful in compliant cross-border payments.

Also, Ripple leverages XRP through its On-Demand Liquidity (ODL) service (now Ripple Payments), which removes the need for pre-funded accounts by allowing instant currency conversion and settlement. 

How Could Ripple Benefit?

This move by the Federal Reserve could actually open new opportunities for Ripple. For instance, U.S. banks and financial institutions now need technology partners that already meet the ISO 20022 standard. 

Ripple has already done the heavy lifting. Specifically, its early membership in the standards body, full RippleNet compliance, and strong global partnerships put it in a great position to support U.S. institutions through this change.

Besides its ISO 20022 compliance, Ripple is also making inroads within the U.S. banking sector. Earlier this month, the blockchain payment firm applied for a banking license in the U.S. as well as a Federal Reserve master account for RLUSD, its proprietary stablecoin. 

Crypto OG Says XRP Will Be the Biggest Money Maker, While XLM Will Be the Biggest Shocker

Abdulkarim Abdulwahab
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Crypto OG Says XRP Will Be the Biggest Money Maker, While XLM Will Be the Biggest Shocker

Veteran crypto voice Remi Relief is doubling down on his XRP and XLM early-year prediction, declaring that both will be the most pivotal assets in the current bull cycle.

This comes as market momentum rebuilds, with XRP and XLM delivering some of the most impressive price performances in the past week.

XRP and XLM Are Scarce, in Demand, and Ready to Explode

In a recent tweet, Remi Relief called XRP “the biggest money maker” for this season. As for Stellar, he predicted that XLM will be “the biggest shocker.”

He emphasized that both tokens are high in demand but have limited supply. This perspective suggests their projected price surge will be due to scarcity and utility. 

Notably, XRP and XLM are tokens connected to real-world payment systems, and commentators have emphasized they will play leading roles in the next financial era.

Specifically, XLM has a max supply of 50 billion tokens, with 31 billion currently in circulation. Meanwhile, XRP has a max supply of 100 billion, with 59.13 billion in circulation.

Today, XRP finally reached the widely watched $3 threshold, establishing an intraday peak at $3.02 before settling slightly lower. Considering the coin traded as low as $2.258 last week, this means it has improved by approximately 34%. This performance has helped it reclaim its position as the third biggest crypto in the market.

Meanwhile, XRP’s rival XLM has delivered an even more impressive performance. It briefly touched $0.5166, one of its highest points since January 2025. Considering it traded as low as $0.2468, it has surged by a massive 109%.

Given this performance in the early days of the crypto bull market, when market sentiment is not yet fully greedy, Remi sees XLM as having the potential to become the biggest shocker. Notably, XLM has risen to become the 12th biggest crypto by market cap.

The Fantastic Four and the Core Eight

Meanwhile, Remi highlighted several other altcoins he believes will steal the spotlight alongside XRP and XLM. According to Remi, this market run will favor a core group of high-utility assets, which he refers to as the Fantastic Four: XRP, XLM, XDC, and Hedera (HBAR). 

These tokens are often associated with enterprise-grade utility and global financial infrastructure. Notably, HBAR has also stood out recently, seeing over 50% weekly gains.

Remi also highlighted a broader list of key players, including QNT, Bitcoin, Ethereum, Chainlink, Dogecoin, and Solana. However, he placed the most emphasis on XRP, XLM, BTC, ETH, and SOL as the cornerstones of the current bull cycle.

Indeed, these large-cap coins have been at the forefront of the ongoing crypto bull run. Bitcoin has reached a new peak at $122K, while Ethereum is trading above $3,000 once again.

Hold Long, Hold Safe

Alongside his asset predictions, Remi advised investors to secure some of their holdings in cold storage and avoid exposing all assets on exchanges. Using cold wallets to safeguard assets during volatile market cycles also helps prevent unnecessary trading that could lead to missed long-term gains.

As the market pushes upward and Bitcoin hits new highs, market watchers are increasingly confident that XRP and XLM holders are locked in for the most rewarding ride of this new bullish phase.

Top Analyst Says Shiba Inu Bear Trends Will Reverse in a Big Way as Nobody is Selling SHIB

Abdulkarim Abdulwahab
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0
Top Analyst Says Shiba Inu Bear Trends Will Reverse in a Big Way as Nobody is Selling SHIB

Shiba Inu is gradually emerging as one of the standout performers in the ongoing crypto bull run.

Although Shiba Inu’s price action has not been dramatic, market watchers have found reasons to believe a major price storm is imminent.

In a tweet, widely followed market analyst “Cantonese Cat” asserted that no one is selling SHIB. According to him, sell-side volume is almost non-existent. He stressed that at the moment, it only takes a small push from the bulls to finally defeat the bears that have limited Shiba Inu’s uptrend for an extended period.

Notably, Shiba Inu has been in a bearish trend for over a year since March 2024. During this time, the price of Shiba Inu plummeted by 77%, from $0.000045 to $0.00001004.

While Shiba Inu attempted to stage a comeback at least twice during this period, the bears overpowered those bullish efforts. As a result, SHIB came dangerously close to adding another zero to its price.

Meanwhile, according to Cantonese Cat, this entire bear trend will reverse in a big way with minimal effort from the bulls soon.

Efforts from Shiba Inu Bulls

Notably, on July 10, large Shiba Inu holders (controlling at least 0.1% of supply) bought 1.81 trillion SHIB. This marked a 422% increase from the previous day and a 1,247% increase compared to a month ago.

This move coincided with SHIB’s price pushing above $0.000013 for the first time since June 11. Despite 1.28 trillion SHIB exiting large wallets the same day, net inflows indicate continued accumulation.

At press time, SHIB is trading at $0.00001375, up 4.6% today. Its weekly performance now shows an impressive 17% gain. Although at this price SHIB is trading at a monthly high, analysts believe it is still far below where it ought to be.

What Price Should SHIB Target?

Although Cantonese Cat was silent about how high SHIB could rise in the expected bull run, other market watchers have boldly shared their targets.

In a separate post, widely followed community figure “SHIB Spain” remarked that SHIB is going much higher after overcoming key resistance. His accompanying chart suggests SHIB could target prices above the $0.000018 level in the short term. Meanwhile, this analyst hopes SHIB will reach $0.0001 in the long term.

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Shiba Inu chart by SHIB Spain

Likewise, in another analysis, market watcher Crypto Candy highlighted SHIB as the OG meme coin, saying the asset is now making a serious move to rebound on the daily timeframe. He went on to highlight several expectations he has for the coin.

His most immediate target for Shiba Inu is for the coin to challenge $0.00001718 amid the ongoing breakout. After successfully overcoming this level, he expects a continuation to $0.00002502. If the bulls push further, the coin could rechallenge its December high of $0.00003324 before moving higher.

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Skepticism Remains

Meanwhile, amid the bullish posts, skepticism abounds about Shiba Inu’s potential. Some argue that OG meme coins like SHIB have had their day and may not deliver anything promising for holders anymore.

Expert Says If You’re Already a Millionaire, You Must Own 1 Full Bitcoin

Elendu Benedict
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Expert Says If You’re Already a Millionaire, You Must Own 1 Full Bitcoin

The continuous Bitcoin rise threatens even millionaires, and a top crypto pundit has urged high-net-worth individuals to buy before it becomes costly for them.

Bitcoin now trades above $120,000 amid its fourth consecutive month of price increase. The crypto leader touched $123,181 today, marking a new all-time high, before pulling back briefly.

Remarkably, this persistent uptrend means Bitcoin has become far more costly for the average earner. The Social Security Administration recently published that the average yearly salary in the United States stands at $66,622, which is almost half of BTC’s current price.

Bitcoin to Become Expensive Even for Millionaires

Meanwhile, according to the top crypto channel Altcoin Daily, millionaires are also at risk of not being able to afford Bitcoin. The platform shared this sentiment in a recent tweet, urging millionaires to buy at least 1 BTC now before it becomes too expensive for them.

Meanwhile, this perception aligns with growing expectations that Bitcoin will be worth multiple millions of dollars in the near term. It also echoes a popular tweet from the El Salvadorian president, Nayib Bukele, that not all millionaires will be able to buy one Bitcoin.

For context, the January 2022 post noted that there are over 50 millionaires in the world and just 21 million BTC ever to exist. Simple calculations show that they won’t even be able to get 0.5 BTC if they all were to buy. This suggests that one whole Bitcoin will become a luxury and be worth a fortune in the future.

President Donald Trump’s second son, Eric Trump, shared that even 0.5 BTC will be a massive amount of money soon. This aligns with his assertion that Bitcoin will reach $1 million in the mid-term and will go higher over time.

Million-Dollar Projections for Bitcoin

For Bitcoin to be expensive for millionaires, it would have to be worth at least $1 million. Interestingly, the Bloomberg Terminal is already scaling Bitcoin’s price in millions per coin, further solidifying a broader market projection that the premier asset would attain the price mark soon.

Meanwhile, Binance co-founder Changpeng Zhao suggested that we will not wait long before Bitcoin reaches $1 million per coin. He projected that it would happen this bull cycle, aligning with an outlook from BTC Inc.’s Brandon Green.

Further, analysis from Cathie Wood’s Ark Invest projects a rally to $1.5 million by 2030 in a base case and an impressive $2.4 million in a bull case. The report cited growing institutional and nation-state involvement as major catalysts.

However, for Strategy’s executive chairman, Michael Saylor, Bitcoin is going to an ambitious $13 million price mark. He recently noted that he is now more bullish on the target’s actualization by 2045, citing hastened institutional adoption, supply squeeze, and regulatory clarity.

Shiba Inu Ecosystem Tokens Surge with Bitcoin in $3.81 Trillion Market Rally

Zabi
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Shiba Inu Ecosystem Tokens Surge with Bitcoin in $3.81 Trillion Market Rally

Shiba Inu and its ecosystem tokens are surging alongside Bitcoin as the global crypto market reaches a historic $3.81 trillion cap.

The trend highlights building excitement in the Shiba Inu community ahead of major AI-related reveals teased for “Jul-AI” by lead developer Shytoshi Kusama.

Today, July 14, the global crypto market reached a new all-time high of $3.81 trillion. Notably, this milestone came after Bitcoin soared to an unprecedented $123,218. The movement has sparked bullish momentum across altcoins, with the Shiba Inu ecosystem emerging as a standout performer.

SHIB Reclaims $8 Billion Market Cap

In particular, the four primary tokens of the Shiba Inu ecosystem —SHIB, BONE, Treat, and LEASH —have all posted notable gains. This growth follows both market-wide optimism and anticipation surrounding upcoming AI-related developments.

SHIB, the flagship token, surged 4.34% over the past 24 hours. It regained a market capitalization of $8 billion and now ranks as the 19th largest cryptocurrency globally. At press time, SHIB trades at $0.00001380, reflecting a weekly gain of 16.92%.

Bone ShibaSwap Gains on Shibarium Usage

Meanwhile, BONE, which powers Shiba Inu’s L2 blockchain Shibarium, saw a 3.7% rise to $0.2136. This marks a 9.3% increase over the past week. Its current market capitalization stands at $48.74 million, placing it 560th on the global cryptocurrency rankings.

The surge in BONE follows new data from the Shibarium blockchain explorer, which reveals impressive growth on the network. Since launching its mainnet on August 16, 2023, Shibarium has processed over 1.37 billion transactions, supports 267.23 million addresses, and has validated 12 million blocks.

In the past 24 hours alone, Shibarium recorded 4.59 million transactions, with an average block time of just 5 seconds.

LEASH and TREAT

Meanwhile, LEASH, often branded as the “Dogecoin Killer,” posted modest gains of 0.8% to reach $119.66. Yet, the coin is up 9.1% over the past week, with a market cap that stands at $12.71 million.

The newest token, Treat, posted the most significant gains, surging 23.2% in 24 hours and 80% over the past week to trade at $0.002586. Despite its relatively small market cap of $2.32 million, Treat is gaining traction as excitement builds.

Anticipation Builds for “Jul-AI” Rollouts

The price action aligns with heightened anticipation around new AI-driven developments within the Shiba Inu ecosystem.

As reported by The Crypto Basic, lead developer Shytoshi Kusama recently dubbed July as “Jul-AI.”

Specifically, he hinted at a series of announcements focused on artificial intelligence integration. According to Kusama, the month will feature AI-based releases, strategic updates, and new directions for the SHIB project. He emphasized that this July would not be “just another month,” but a turning point driven by intelligent tech implementation.

SHIB: The Metaverse Gets a Major Upgrade

Adding to the momentum, the Shiba Inu team has rolled out a significant performance upgrade to SHIB: The Metaverse. The update improves loading times, removes lag and stuttering, and delivers a seamless user experience without compromising graphics quality.

With Bitcoin at record highs and a new phase of innovation on the horizon, the Shiba Inu ecosystem appears poised for a breakout in July.

Whether through AI partnerships, enhanced utilities, or further token rallies, investor interest and community engagement are expected to rise.

All eyes are now on Shytoshi Kusama as he prepares to reveal what “Jul-AI” truly means for the future of SHIB.

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