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Cardano Founder Says $100M ADA Conversion to Stablecoin Won’t Impact Price

Mark Brennan
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Cardano Founder Says $100M ADA Conversion to Stablecoin Won’t Impact Price

In an effort to provide stablecoin liquidity to the Cardano ecosystem, Charles Hoskinson said they could convert 140M ADA via OTCs and TWAPs without price impact.

For context, Cardano founder Charles Hoskinson proposed a controversial plan to convert a portion of the Cardano treasury into USDM.

The proposal, shared during a recent AMA session, came in response to concerns over low stablecoin liquidity within the Cardano DeFi ecosystem. At present, the treasury holds 1.7 billion ADA, estimated at $1.23 billion. 

Hoskinson suggested converting 140 million ADA—approximately $100 million—into USDM to improve liquidity and stimulate ecosystem growth, with a possible 5% – 10% annual return. The move, according to him, would strengthen DeFi participation without causing significant market disruption.

DReps Express Caution Over Market Impact

Not all community members supported the idea. A Decentralized Representative (DRep), dubbed Whale, voiced concerns on X about the market risks. Whale said that pushing 140 million ADA into the market would create unsustainable sell pressure under current conditions. 

He acknowledged potential long-term benefits for the DeFi ecosystem but emphasized the timing risk. Whale noted that such actions could lead to front-running, where traders sell in anticipation of a large move, ultimately reducing ADA’s market value. He instead proposed minting crypto-backed stablecoins like ObyUSD to avoid direct ADA sales while still injecting liquidity.

Hoskinson Responds to Liquidity Concerns

In response, Hoskinson argued that market depth and trading mechanisms like OTC (over-the-counter) deals and TWAPs (time-weighted average prices) could manage the conversion without price disruption. 

He dismissed the notion that a $100 million sale would move the market significantly, stating that ADA regularly sees billions in trading volume each week. He also referenced stablecoin market cap to total value locked (TVL) ratios to highlight the gap Cardano faces. 

With a current ratio of 9.65%, Cardano trails Ethereum’s 195.3% and Solana’s 127.4%, suggesting limited stablecoin utility within its ecosystem.

Additional Skepticism Surfaces From Community Members

Further criticism came from a user named PlayfulOtter, who challenged Hoskinson’s market assessment. He cited general crypto market behavior, where $3–$5 billion in sell volume often leads to a 15–20% drop in market cap. 

However, Hoskinson maintained that large crypto trades can occur without triggering price drops, especially when managed over time. He asserted that belief in Cardano DeFi’s growth would generate adequate demand to absorb such a conversion. Still, PlayfulOtter countered that finding a $100 million buyer remains a tangible hurdle, regardless of trading strategy or market optimism.

In response, Hoskinson argued that Cardano’s markets are deep, with billions of dollars in ADA trading weekly. He argued that strong belief in Cardano DeFi would generate enough buy-side demand to absorb a $100 million conversion without causing price volatility.

Ripple and SEC Refile New Motion to Resolve Ongoing Lawsuit

Lele Jima
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Ripple and SEC Refile New Motion to Resolve Ongoing Lawsuit

The U.S. SEC and Ripple have jointly refiled their request for an indicative ruling, addressing the procedural shortcomings raised by Judge Analisa Torres. 

For context, the parties initially filed a motion for an indicative ruling to modify Judge Torres’ August 2024 final judgment in May. That judgment required Ripple to pay a fine of $125 million with a permanent injunction imposed on the company’s XRP institutional sales.  

Following an agreement reached earlier this year, the parties requested an indicative ruling to dismiss the injunction and release the $125 million held in escrow, with $50 million sent to the SEC and the remaining amount returned to Ripple. 

However, on May 15, Judge Torres denied the indicative ruling motion, saying the parties did not show the ‘exceptional circumstances’ required for relief from a final judgment under Rule 62.1. 

SEC and Ripple Refile Indicative Ruling Motion Highlighting Exceptional Circumstances 

Meanwhile, the parties have now refiled the indicative ruling request under Rule 60(b)(6), emphasizing why modifying the final judgment is necessary. The motion argued that the rule allows the court to issue relief from a final judgment for any reason that justifies it. 

The motion highlighted several reasons showing ‘exceptional circumstances’ warranting a modification of Judge Torres’ final ruling. 

Settlement Agreement 

First, the new filing mentioned the settlement agreement currently in place. According to the parties, modifying the judgment in accordance with the agreement is necessary to give effect to the settlement. 

SEC Crypto Policy Shift and Preservation of Judicial Resources 

The filing also mentioned the SEC’s recent crypto policy shift as another exceptional circumstance justifying a modification of the final ruling. For context, the SEC’s new leadership has softened its stance on crypto enforcement actions. 

This is evident in the regulator’s dismissal of several crypto-related litigations, including the Coinbase and Consensys cases. Accordingly, the motion contended that termination of the appeal under the settlement agreement “would be consistent with these dismissals by joint stipulation.” 

Finally, the motion argued that the parties’ proposed resolution is necessary to preserve judicial resources, particularly in the Second Circuit. 

XRP Community Members React 

Meanwhile, XRP community figures like Ashley Prosper expect Judge Torres to issue a decision on the request within a few days. Additionally, attorney Bill Morgan speculated that Judge Torres would eventually grant the motion. 

If this happens, the parties would ask the Second Circuit to remand the case to Judge Torres to enter the modified judgment, concluding the multi-year legal dispute. 

VeChain Crashes Amid Broader Market Sell-off: What’s Next?

Albert Brown
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VeChain Crashes Amid Broader Market Sell-off: What’s Next?

VeChain recorded a 5% intraday drop after failing to cross the 50-day EMA. Derivatives data show weak interest, raising the risk of a $0.02199 breakdown.

As the broader market struggles to find support, VeChain takes a bearish turn around the 50-day EMA, with a surge in selling pressure nearly undermining weekly gains. Will the downtrend break under the crucial $0.02199 support?

Vechain Price Analysis

On the daily chart, VeChain shows a V-shaped reversal, recovering from the three-day crash last week. The bullish trend produced five consecutive bullish candles.

VET Price chart
VET Price chart

The recovery rally saw five consecutive bullish candles, with the price rising from $0.02253 to $0.02630, a 16% surge. However, the uptrend failed to break above the 50-day EMA, resulting in a sudden 4.87% crash on Wednesday.

Due to recent fluctuations, the MACD and signal lines have flattened despite the earlier positive crossover. Hence, the technical indicators give mixed signals amid increased volatility in VET prices. Notably, the declining trend in the 50-, 100-, and 200-day EMAs signals a bearish long-term outlook.

As selling pressure revives, the altcoin broke below the $0.02471 support level. VeChain extended its losses with a 5.17% intraday drop, trading at $0.02222. Thus, the likelihood of VET retesting the $0.02199 horizontal support has increased.

A potential closing below the immediate support could extend the correction to the psychological level of $0.02000, followed by $0.01974. However, if VET avoids closing below $0.02471, a potential bounce back to the 50-day EMA at $0.02609 remains possible.

VET Derivatives

As VeChain’s bearish trend re-emerges, optimism in the derivatives market takes a significant hit. Open interest dropped 9.48% to $62.85 million, signaling reduced trader interest.

Long liquidations reached $419k, while short liquidations remained below $6k. This reflects a substantial wipeout of bullish players. Consequently, the long/short ratio dropped to 0.8744, indicating an increased number of bearish positions.

With declining trader interest, derivatives data suggest a high likelihood of continued bearish momentum.

VET Derivatives
VET Derivatives

Galaxy Digital’s Novogratz Says Bitcoin Would 10x to $1 Million to Rival Gold

Elendu Benedict
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Galaxy Digital’s Novogratz Says Bitcoin Would 10x to $1 Million to Rival Gold

Mike Novogratz has joined the $1 million Bitcoin bandwagon, suggesting that institutional adoption would push the asset past gold.

The Galaxy Digital founder and CEO made the prediction on CNBC’s Power Lunch on Thursday. He cited institutional adoption and a growing preference for Bitcoin over gold as possible catalysts for this uptrend.

This comes as Bitcoin corrects further from the weekly high of $110,300. The premier asset is down 5.5% from the Tuesday high to $104,269 at the time of writing, but remains up 1.48% in the past seven days.

Bitcoin Becoming an Institutionalized Macro Asset: Novogratz

Novogratz suggested that Bitcoin is becoming an institutionalized macro asset and now sits alongside assets like gold, silver, and the S&P 500. He highlighted that one of the enablers for this newfound traction was partly fueled by the global loss of interest in the US dollar and diversification into assets like Bitcoin.

Furthermore, he cited BlackRock’s involvement as a significant turning point for Bitcoin and a catalyst for the institutional interest. For context, $11.5 trillion asset manager BlackRock launched its iShares Bitcoin Trust (IBIT) fund in January 2024, following the US SEC’s approval, providing an easier means of exposure to Bitcoin.

Novogratz stressed that this shift in attention to Bitcoin occurred as wealth managers and institutions began piling into the macro asset under BlackRock’s influence. Now, he noted that everyone is buying Bitcoin, viewing the pioneering cryptocurrency as a store of value.

“Now we’ve got all these treasury companies buying Bitcoin, we’ve got sovereign wealth buying Bitcoin, we’ve got retail investors buying Bitcoin; there’s easier ways to get it,” Novogratz told CNBC.

Interestingly, Strategy’s playbook has become a new trend as public companies take a page from the business intelligence firm’s Bitcoin strategy. New entrants, including Metaplanet, the Blockchain Group, GameStop, and Trump Media, are raising millions to purchase Bitcoin, contributing to the asset’s scarcity and increasing its appeal.

Bitcoin to Slowly Replace Gold, Hit $1M

Meanwhile, Novogratz described Bitcoin’s adoption as a means of financial preservation as a “ball rolling down the hill,” predicting that this will ensure it matches toe-to-toe with gold in the near future. He stated that the new generation of investors would buy Bitcoin over gold, with the limitedly capped digital currency replacing the precious metal over time.

The CEO also noted that Bitcoin has more room to grow relative to gold, predicting a 10-fold increase in its market cap to reach $1 million per coin. Notably, the price mark is becoming a commonplace outlook for Bitcoin enthusiasts as many grow increasingly confident that it is attainable.

Michael Saylor, Binance’s Changpeng Zhao, and Brandon Green have all predicted that it would happen during this bull cycle.

BlackRock to Eventually File for an XRP ETF: ETF Store President

Sam Wisdom Raphael
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BlackRock to Eventually File for an XRP ETF: ETF Store President

Nate Geraci, President of the ETF Store, says he firmly believes BlackRock will eventually file for a spot XRP ETF. 

In his most recent comments, Geraci pointed out that BlackRock has led the way in Bitcoin and Ethereum ETFs and would have no reason to let other companies take the lead when it comes to XRP or Solana, the next two largest crypto assets.

He also expects BlackRock to roll out an index-style crypto ETF. Recall that the industry commentator also recently suggested that the Grayscale Digital Large Cap Fund, which contains XRP, could be the next ETF up for approval.

Geraci Convinced BlackRock Will Enter the XRP ETF Market

Geraci’s latest comments follow a series of earlier predictions. Back in March 2025, he stated that a filing could come as soon as Ripple’s legal battle with the SEC concluded. At the time, he argued that major institutions like BlackRock and Fidelity wouldn’t want to give others the chance to dominate the growing altcoin ETF space. 

Meanwhile, last month, he also highlighted a milestone that could support the case for a spot XRP ETF: the launch of regulated XRP futures on the CME. Geraci viewed this as a major step toward making an XRP ETF more likely, as futures contracts often pave the way for spot ETF filings. 

BlackRock Remains Quiet

Still, despite the growing chatter, BlackRock hasn’t made any official move yet. Its focus remains on its existing crypto products, the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA), which have both performed strongly.

Recall that BlackRock’s head of ETF strategy, Samara Cohen, said in mid-2024 that only Bitcoin and Ethereum met the firm’s standards due to their higher liquidity and maturity. It’s unclear if that view has changed.

Given XRP’s newer legal clarity and its less-developed futures market, BlackRock may hold off until the regulatory and market signals are more established. For one, Ripple and the SEC are still waiting for the court’s approval of their settlement.

Developments Around XRP ETF Filings

Meanwhile, the XRP ETF scene has continued to see major developments. Bitwise, 21Shares, WisdomTree, Grayscale, and Franklin Templeton have all filed applications for spot XRP ETFs. However, the SEC has not made any major decision. 

The SEC pushed its decision on 21Shares’ spot XRP ETF to October 2025, following the usual 240-day review timeline. Grayscale also hit a major deadline on May 22, but the SEC didn’t issue a decision. 

Just days later, on May 28, the SEC began its formal review of the WisdomTree XRP Trust, the first U.S.-based spot XRP ETF to reach this stage, while asking the public to weigh in on potential risks like market manipulation and investor protection.

Interestingly, outside the U.S., XRP-based exchange-traded products are already gaining traction. In Europe, 21Shares already has an XRP ETP, the AXRP ETP, which is trading in Switzerland. Meanwhile, Brazil has approved the first-ever spot XRP ETF globally.

Bitcoin Hash Ribbon Flashes “Buy” Signal as Price Holds Above $107K

Abdulkarim Abdulwahab
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Bitcoin Hash Ribbon Flashes “Buy” Signal as Price Holds Above $107K

While Bitcoin has shown a bearish performance recently, a reliable on-chain indicator suggests a sustained uptrend could be on the horizon.

Specifically, Bitcoin’s on-chain momentum received a strong bullish confirmation this week from the widely followed Hash Ribbon indicator, which has just flashed a fresh buy signal. Historically, this has marked some of the best long-term entry points in BTC’s cycle.

One of Bitcoin’s Most Accurate Buy Signals

The Hash Ribbon, developed by Charles Edwards of Capriole Investments, analyzes Bitcoin’s hash rate behavior to identify periods of miner capitulation and recovery. 

It triggers the signal when BTC’s 30-day moving average hash rate crosses above the 60-day average after a prolonged drawdown. This often indicates that miner stress is easing and network fundamentals are strengthening.

According to a chart shared by Bitcoin Archive on June 12, this signal has now triggered for the second time in 2025. It follows previous successful calls in 2019, 2020, 2021, and 2023, each of which preceded significant price rallies.

Notably, the Hash Ribbon indicator flashed a buy signal in April when Bitcoin’s price dipped to around $70K. Since then, BTC has continued to hit new all-time highs. Specifically, Bitcoin has surged approximately 50% from April’s low of $74,000 to a recent peak of around $112,000.

Although the crypto firstborn has since retraced slightly from this new high, the indicator has now flashed another buy signal. This suggests that, while some investors may be hesitant to enter the market at current prices, the indicator implies further upside potential.

BTC Trades Above $107K, Bullish Structure Intact

The accompanying historical chart includes multiple instances of accurately predicting Bitcoin bottoms. It successfully signaled buying opportunities twice in 2023 and again in 2024, which was followed by a rally that pushed Bitcoin to $73K in March of that year, before a brief correction and resumption toward the current $100K levels.

Image
Hash Ribbon on Bitcoin historical weekly chart

At press time, Bitcoin is trading at $107,600, down more than 3% over the past day. Despite the dip, the price remains firmly above the six-figure mark, even amid a mixed macro environment and ETF-driven volatility.

How High Could It Go?

The Hash Ribbon’s signal of multi-month gains aligns with the sentiment of many analysts who believe the current bull run is far from over. Opinions vary on how high Bitcoin could rise. Yet, the popular consensus holds that BTC could approach or even surpass $200K.

Interestingly, some industry commentators, such as Michael Saylor, believe the era of “crypto winter” is over and that Bitcoin has entered a predominantly “up-only” phase. 

He cites several bullish factors, including increasing institutional demand amid a limited supply, pro-crypto leadership in the U.S., and growing global government support. Saylor has stated that Bitcoin is on track to reach $1 million.

Brandon Green Predicts Extended Bitcoin Bull Run, Expects $1M Price by Cycle’s End

Elendu Benedict
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Brandon Green Predicts Extended Bitcoin Bull Run, Expects $1M Price by Cycle’s End

BTC Inc.’s Chief of Staff, Brandon Green, has provided a fresh outlook for this bull cycle, predicting the potential price for Bitcoin at the end of the season.

Green predicted an extended Bitcoin bull cycle, beyond its typical duration. He told Altcoin Daily on Thursday that there is a structural difference in the Bitcoin market, which would transform its normal cyclical phase.

Furthermore, he gave his expected price range for Bitcoin when the bullish cycle finally ends, predicting a $1 million price for the pioneering cryptocurrency. Meanwhile, this outlook came as Bitcoin briefly dropped below $107,000 today, retracing from its bullish push past $110,000 earlier in the week.

Bitcoin Maturing Beyond the Four-Year Cycle

Specifically, Green identified a structural change in Bitcoin’s accumulation, which would not accommodate the typical one-year short-term blow-off. He cited a shifting adoption trend in the Bitcoin market as the catalyst for this historic structural change.

Instead of a one-year recess as seen amid the four-year cycle, Green predicted a consistent, face-melting Bitcoin run until the market hits a credit contraction cycle, potentially towards the end of the Donald Trump administration.

Furthermore, he predicted an expansionary fiscal and monetary policy environment, where not only the United States, but also other nation-states, would embrace Bitcoin and create reserves for the premier asset. Notably, this is already playing out with Pakistan recently eyeing a strategic Bitcoin reserve inspired by the US.

The Bitcoin Magazine contributor also expects more public companies to copy MicroStrategy’s playbook and create Bitcoin treasuries. Firms like GameStop and Trump Media have recently joined the bandwagon, pledging to buy billions of dollars’ worth of Bitcoin, and Green sees this as the tip of the iceberg.

He sees these corporate Bitcoin treasury firms springing up in every capital market in the world, leveraging the thirst for Bitcoin exposure to generate billions of dollars to buy more Bitcoin incessantly. BitcoinTreasuries shows there are 228 entities holding Bitcoin, of which 126 are public companies.

These factors would combine to form what Green called a “crazy bull market,” one he said had never existed before. Interestingly, he is not alone in this sentiment. Strategy’s executive chairman, Michael Saylor, forecasted a similar bull run, suggesting that the period of crypto winter is long gone.

Green Says $1M By The End of the Cycle

At the end of this supercycle, the market analyst believes $1 million per Bitcoin is within reach. He predicted that this would happen by the end of 2026 or stretch into early 2027 but asserted that Bitcoin looks primed to hit the price mark when the cycle finally ends.

Remarkably, several analyses have this $1 million Bitcoin price in view. Binance’s Changpeng Zhao also predicted that Bitcoin would attain the price mark by the end of this bull cycle, with Saylor insisting that Bitcoin’s price would see its next major correction when it reaches the seven-figure valuation.

From the current price of $107,648, Bitcoin would need to rally 829% to reach $1 million.

World Largest XRP Reserve: Nasdaq-Listed Singapore Firm Announces Plans to Raise $500M for XRP Treasury

Sam Wisdom Raphael
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World Largest XRP Reserve: Nasdaq-Listed Singapore Firm Announces Plans to Raise $500M for XRP Treasury

Another Nasdaq-listed company has confirmed plans to raise millions to buy XRP.

Specifically, Trident Digital Tech Holdings Ltd, a tech firm based in Singapore, has announced plans to raise up to $500 million to create one of the world’s first large-scale corporate XRP Treasuries. 

Trident Plans to Hold XRP Treasury 

With this move, Trident joins a growing group of public companies that are using digital assets such as Bitcoin and XRP to strengthen their financial strategies and modernize treasury management. Notably, Trident wants to build a long-term reserve of XRP tokens. 

Alongside acquiring XRP, the company will introduce staking to earn returns on its holdings and work closely with projects in the XRPL ecosystem. These efforts align with Trident’s goal to bring blockchain-based tools into everyday corporate finance.

To support the initiative, Trident plans to raise funds through equity sales, strategic investments, and structured financial deals. The company is already speaking with top crypto organizations and major investors to get the best possible terms for buying XRP and building the infrastructure needed to manage it. 

According to the press release today, the rollout is scheduled for the second half of 2025, depending on regulatory approvals and market conditions.

Notably, Trident’s Chairman, Founder, and CEO Soon Huat Lim sees this as more than just a financial decision. He believes this plan will help set a new standard for how public companies can use blockchain responsibly and strategically. 

According to Lim, Trident also promises full transparency as it moves forward, providing regular updates to shareholders and following all reporting requirements expected of a public firm.

More Companies Adopting XRP as Treasury Reserve

This announcement adds momentum to a growing trend of companies choosing XRP for their corporate reserves. Several businesses have already made similar moves in recent months, as institutional confidence in the token grows.

For instance, earlier this month, Webus International, based in China and also listed on Nasdaq, filed to create a $300 million XRP treasury. Instead of issuing new shares, Webus plans to fund the effort with loans and credit lines. 

It also aims to plug Ripple’s payment system into its international operations to speed up transactions and improve tracking. Further, the company is renewing its partnership with Tongcheng Travel Holdings to settle cross-border travel payments using XRP.

Elsewhere, VivoPower International, a sustainable energy firm, recently committed $100 million toward buying XRP. The funding came from a $121 million private round. VivoPower plans to use the Flare Network to earn interest on its XRP holdings and then reinvest that income to grow the treasury. 

Meanwhile, Wellgistics Health, a U.S.-based pharmaceutical distributor, has also entered the XRP space. It secured a $50 million credit line to buy XRP for its reserve. 

Interestingly, even in the data sector, companies are joining the trend. Hyperscale Data Inc., through its arm Ault Capital Group, plans to buy up to $10 million in XRP by year-end to support its entry into blockchain-powered services.

Circle Stablecoin USDC Debuts on the XRP Ledger

Mark Brennan
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Circle Stablecoin USDC Debuts on the XRP Ledger

The USDC stablecoin, recognized as the world’s largest regulated stablecoin, has officially launched on the XRP Ledger. 

This integration allows developers, institutions, and users to access USDC liquidity directly on the XRPL mainnet, eliminating the need for bridging.

Circle Mint and Circle APIs now fully support USDC on the network, offering a seamless experience for transactions on the fast and secure XRPL.

USDC Accessible for Developers and Institutions

Per Circle’s press release, USDC’s introduction on the XRPL provides businesses, exchanges, and developers with the ability to leverage USDC for a range of financial services. Through Circle Mint and Circle APIs, users can easily access USDC liquidity on the XRPL without requiring bridging mechanisms. 

This enables smoother access to the stablecoin for on-ramps and off-ramps between fiat currencies and USDC. Notably, this integration supports real-time global payments and remittances, enhancing the XRPL’s use as a platform for facilitating transactions.

Additionally, developers can test USDC-based applications via Circle’s Faucet on the XRPL’s testnet, allowing for the creation and trial of decentralized financial products. This provides further flexibility for building innovative financial solutions on the network, as the XRP Ledger continues to be an attractive platform for blockchain-based services.

Enhancing DeFi and Financial Services on XRPL

The addition of USDC to the XRPL enhances the blockchain’s utility in decentralized finance and broader financial services. With the stablecoin’s availability, developers can now build a variety of financial products, such as decentralized exchanges, credit services, and swap platforms that leverage USDC.

The XRP Ledger’s fast transaction speeds and low fees are critical for these services, enabling efficient operations in DeFi ecosystems. In addition to USDC, other fiat-backed stablecoins like XSGD, EURØP, RLUSD, and USDB are now live on the XRPL, boosting liquidity and expanding institutional use.

This diverse array of stablecoins helps cater to various regions, including Asia, Europe, North America, and Latin America. 

Ripple’s Vision for XRPL and Global Payments

Ongoing efforts from XRPL developers to improve compliance features on the XRPL, such as Permissioned Domains and Multi-Purpose Tokens, align with the growing demand for regulated financial activity and tokenized assets. 

Recently, Ripple’s CEO, Brad Garlinghouse, stated that the XRPL could potentially handle up to 14% of SWIFT’s global transaction volume within the next five years. This projection emphasizes the XRP Ledger’s capability to provide real-time settlement and liquidity provisioning for cross-border payments, areas where traditional systems like SWIFT have dominated.

Here’s the Price of 1 Shiba Inu If It Captures 25% of the Total Crypto Market Cap

Elendu Benedict
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Here’s the Price of 1 Shiba Inu If It Captures 25% of the Total Crypto Market Cap

Shiba Inu would cancel two more zeroes and rally a staggering 11,169% if it captures 25% of the current global cryptocurrency market cap.

Shiba Inu, like most altcoins, has failed to mirror Bitcoin’s impressive price action in recent times. While Bitcoin is up 4.77% and 15.33% in the past 30 days and year-to-date (YTD), respectively, SHIB is down 16.62% and 39.50% in the same timeframes.

Analysis Suggests Shiba Inu Could Turn Things Around

The second-largest meme coin by market cap joined a broader market trend yesterday, as the sector corrected after a wave of bullish momentum. Shiba Inu is down 4% in the past 24 hours, extending its losses further.

Nonetheless, bullish sentiments continue to resonate within the Shiba Inu ecosystem, particularly due to the anticipation that advanced technology and the creation of real-world utility will drive institutional traction and, consequently, prices. Market expert Luis Delgado shared this sentiment in a recent analysis, suggesting that Shiba Inu’s visionary lead, Shytoshi Kusama, has the foresight for innovation that will drive SHIB to $0.01.

The Shiba Inu ecosystem team has also encouraged enthusiasts to look past current bearish trends, endorsing predictions that the meme coin could rally to $0.01 in the future.

Shiba Inu’s Price If It Captures 25% of the Total Crypto Market Cap

At the current price of $0.0000127 and a market capitalization of $7.52 billion, Shiba Inu accounts for just 0.22% of the global crypto market cap. For context, the total market cap stands at $3.39 trillion, largely dominated by Bitcoin’s $2.14 trillion and Ethereum’s $333 billion.

Remarkably, if Shiba Inu were to add 24.78% to its current dominance and capture 25% of the total market cap, its valuation would skyrocket to $847.5 billion. From its current valuation of $7.52 billion, this will mark an 11,169% uptick.

Notably, Shiba Inu has a circulating supply of 589.55 trillion. At the hypothetically new market cap of $847.5 billion, the asset’s price would soar to approximately $0.00144. Interestingly, this chalks off two zeroes from Shiba Inu’s current price and marks a new all-time high.

Shiba Inu to $0.001+ Predictions

Meanwhile, past projection supports the possibility of a Shiba Inu rally to $0.001 and above. Angel investor Armando Pantoja predicted that Shiba Inu would rally to $0.001, stating that fear of missing out (FOMO) on the asset would drive this rally.

Further, a previous analysis from The Crypto Basic projected that Shiba Inu will reach $0.001 by late 2031 if its price grows 100% yearly. However, Changelly’s prediction suggests we will not see the price until January 2041.

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