Home Blog Page 701

‘Who Is Going to Buy This Much XRP’ Bitcoin Analyst Fires Back on Ripple’s Reported $20B Bid for Circle

Ripple’s rumored interest in acquiring Circle, the issuer of USDC, has ignited a heated discussion from Bitcoin pundits.

Questions are swirling over whether Ripple would need to liquidate a significant portion of its XRP holdings to fund the deal.

With rumors suggesting Ripple is exploring a deal valued between $10 billion and $20 billion, market watchers like Bitcoin analyst Dave Weisberger have raised concerns about the implications. At the XRP Las Vegas event, he posed a major question:

“If Ripple is planning to acquire Circle, how exactly would it raise the necessary funds, especially if it involves selling billions of dollars’ worth of XRP?”

Notably, Ripple controls roughly 40% of the total XRP supply, most of which is in escrow but released monthly.

Weisberger has pointed out that if Ripple turns to its XRP holdings to finance an acquisition, it could face serious market liquidity challenges. Given the potential size of the deal, even offloading a fraction of that XRP could exert downward pressure on the asset’s price.

“Who is going to buy this much XRP?” Weisberger asked, referring to Ripple’s ability to raise up to $20 billion for the acquisition.

Furthermore, he argued that securing loans backed by XRP might not be feasible under current market conditions. In his view, that leaves Ripple with limited options, unless Circle or its investors accept an alternative form of value, such as company equity or XRP itself.

Alternative Financing Scenarios for Ripple

Meanwhile, pro-XRP attorney Fred Rispoli presented a different perspective. He argued that Ripple could likely structure the deal without relying heavily on XRP sales.

Based on current secondary market interest in Ripple’s private shares, he believes the company could finance the acquisition through a mix of available cash, debt, and equity.

Rispoli also questioned the rumored $10–$20 billion price tag, pointing to more recent private research suggesting Circle’s valuation could be closer to $7–$9 billion. That lower price point would make the acquisition more feasible without causing disruption in the XRP market.

Furthermore, Rispoli noted that Ripple likely holds between $1 billion and $3 billion in cash, which could form the foundation of a structured deal, especially if Ripple issues private shares or partners with crypto-aligned sovereign wealth funds for debt financing.

However, Weisberger remained skeptical that Ripple could close such a large deal without liquidating XRP. He questioned whether Circle’s leadership would accept a deal based primarily on stock or XRP at face value.

He emphasized that unless Circle is open to alternative deal structures, Ripple would still need to come up with actual cash.

Without external financing or Circle’s willingness to accept non-cash instruments, XRP holders could be left facing the prospect of Ripple becoming a large-scale seller in the market.

Circle Sale Rumors Clarification 

It’s worth noting that stablecoin issuer Circle has denied reports of a potential sale to crypto firms Coinbase or Ripple. A spokesperson refuted claims of ongoing discussions, calling them inaccurate and reaffirming the company’s commitment to its long-term goals.

The denial follows a Fortune report suggesting Circle was exploring a $5 billion sale, aligning with its IPO valuation target. Since then, speculations have surfaced about an upward revision of the bid.

While Circle still aims to go public, its IPO—first announced in December 2022—has faced multiple delays. The company relaunched its plans in January 2024 and has recently selected underwriters, though no date has been set.

Lummis’ Bitcoin Family Ties Spark Conflict of Interest Concerns After Canceled Ripple Meeting

0

U.S. Senator Cynthia Lummis has yet to address public concerns about whether her Bitcoin maximalist son-in-law, Will Cole, might influence her views on crypto policy.

These concerns arose after Ripple CEO Brad Garlinghouse criticized Senator Lummis on X for canceling a meeting. According to Garlinghouse, the Senator has refused to reschedule the meeting.

“As a leader in Congress and a Senator from a pro-crypto state, Wyoming, I hope you will reconsider and be a leader for ALL of crypto,” Garlinghouse remarked in the statement issued on May 19. 

Stakeholders Concerned About Lummis’ Ties to Bitcoin Maxi Son-in-Law 

Not surprisingly, this abrupt cancellation has sparked significant concern among crypto stakeholders. According to some industry stakeholders, her decision to snub Ripple’s CEO indicates that Lummis may be less receptive to crypto networks beyond Bitcoin. 

Lummis’s ties to her son-in-law, Will Cole, a major Bitcoin maximalist who convinced her to buy Bitcoin in 2013, reinforce this fear.

Cowboy Crypto, a pseudonymous crypto investigator, alleged that Cole might be influencing Lummis’ legislative agenda in favor of Bitcoin.

Cole has been an advocate for Bitcoin since its early days. He has publicly backed the premier cryptocurrency and supported criticisms of other projects, including XRP. According to Cowboy Crypto, Cole is enthusiastic about Bitcoin and hates Ripple’s success. 

Notably, he runs a small Bitcoin-only payments company called Zaprite. Although the company has existed since 2017 and has received venture capital funding, its growth has been modest, with only two employees, according to data from PitchBook. 

Nonetheless, Cole has remained a strong Bitcoin maxi and has publicly advocated for the asset at the expense of others.

Will Lummis Pursue Bitcoin-Only Policy? 

Lummis currently chairs the U.S. Senate Subcommittee on Digital Assets, which plays a central role in shaping congressional crypto regulation.

Given her familial ties to Cole and her recent snub of Garlinghouse, some fear she may advocate for rules that favor Bitcoin over other cryptocurrencies.

A case in point was when she rallied behind a bill to establish a Bitcoin-only reserve in the United States, which would hold up to 1 million BTC for 20 years. While many initially commended the bill, others criticized it for its exclusive focus on Bitcoin. 

However, President Donald Trump signed an order favoring a multi-asset reserve. Notably, Garlinghouse played a significant role in convincing the White House to establish a multi-asset reserve, with Trump naming XRP among the assets that could be held in the initiative. 

Meanwhile, Lummis’ refusal to reschedule the meeting with Garlinghouse has fueled ongoing concerns about a potential conflict of interest.

Lummis’ Support for Broader Crypto Industry

While her recent actions might suggest preferential treatment for Bitcoin over other assets, Senator Lummis has advocated for the broader crypto industry. 

Earlier, she characterized 2025 as the year of Bitcoin and digital assets. In December 2024, she declared that the war against crypto in the United States would end on January 20, 2025, coinciding with when Trump was sworn into office. 

Notably, Lummis joined Senator Bill Hagerty in introducing the GENIUS Act, a stablecoin legislation nearing its signature in law. 

Additionally, she publicly criticized Operation Chokepoint 2.0, an alleged deliberate act by financial agencies to exclude crypto businesses from accessing traditional financial services.

Interestingly, Lummis threatened the Federal Deposit Insurance Corporation (FDIC) with a Department of Justice (DOJ) investigation over the alleged destruction of evidence linked to Operation Chokepoint 2.0. 

Lummis is a vocal critic of former SEC Chairman Gary Gensler, who oversaw enforcement actions against several crypto projects, excluding Bitcoin.

Moreover, she has made favorable comments on developments related to other cryptos. A case in point was when she applauded the SEC for approving the launch of multiple Ethereum exchange-traded funds (ETFs) last year. 

These efforts showcase her support for the broader crypto industry, as opposed to claims that her Bitcoin maxi son-in-law is influencing her policy in favor of BTC. 

Bitcoin Could Dip One Last Time Before $125K Breakout: Here’s Where to Buy Back In

0

An analyst spotted a repeating Bitcoin pattern from April to May 2025, suggesting one last dip before a possible breakout, if key support holds.

Bitcoin (BTC) has experienced a net decline of approximately 3.4% over the past week, falling from around $110,000 to a local low near $103,000. As of today, the crypto has staged a modest recovery and is currently priced at $105,333. 

Despite the consistent downtrend, chart analyst Moustache on X has identified a recurring bullish pattern that may suggest a continuation to higher levels. His analysis focuses on a repeated ascending broadening wedge structure observed on the four-hour BTC/USDT chart from the OKX exchange.

Repeating Wedge Structures With Similar Breakout Behavior

The first ascending broadening wedge, identified by Moustache, began forming on April 23 and lasted through early May. During this period, Bitcoin’s price faced resistance at three key points: around $94,500 on April 25, above $97,000 on May 1, and at $97,900 on May 2.

Support also held firm multiple times, notably at $91,800 on April 24, again at $92,900, and finally at $93,817 just before a breakout occurred.

This initial breakout occurred in the first week of May, with Bitcoin moving from roughly $93,000 to a local peak near $104,000 before stabilizing.

A second ascending broadening wedge began developing in mid-May and remains active into early June. This pattern also features rising support and resistance levels. Key support points include $100,700 on May 12 and $103,489 shortly afterward. The resistance line reached its peak on May 21 when Bitcoin hit an all-time high of $111,980.

Following the retreat from the all-time high on May 22, Bitcoin’s price moved downward toward the established support zone and is now attempting to rebound from that level.

Image

Analyst Moustache noted that a final minor dip could occur, identifying $102,000 as a preferred entry point and $97,000 as a critical level that must hold. 

His chart also features a speculative projection outlining a potential parabolic breakout scenario. This projection suggests that if the current pattern mirrors previous price behavior, Bitcoin could surpass the $125,000 mark.

BTC About to See a Summer Lull?

In a separate update, Bitcoin Magazine Pro released a Monthly Returns Heatmap showing BTC’s performance from 2017 through May 2025.

The data reveals that Bitcoin closed May 2025 with an 11.09% gain, following a 14.21% increase in April. These gains represent the first back-to-back positive monthly returns since September, October, and November 2024.

This rebound comes after a period of volatility in early 2025. Notably, February ended with a sharp 17.54% loss, marking the most significant monthly drop this year.

Image

June and July Remain Historically Unstable

Looking ahead, Bitcoin Magazine Pro’s chart highlighted that June has historically delivered inconsistent results. Over the last eight years, Bitcoin has posted losses in five of those June’s.

For June 2025, the month-to-date return currently stands at 0.98%, keeping the trend positive but only slightly.

Further, July has seen both high volatility and mixed results. Strong returns were recorded in July 2017, 2018, and 2020, with gains of 16.71%, 21.17%, and 24.00%, respectively. However, the following years produced weaker performances, including a 4.15% decline in 2023 and a modest 3.10% rise in 2024.

Accordingly, the analysis raised whether BTC might face a “summer lull,” with below-average or even negative returns in the coming months.

Coinbase User Data Breach Linked to India Employee Leak: Report

0

A report shows that the recent Coinbase customers’ data breach came from an internal leak from an outsourcing firm in India.

Coinbase, the largest US crypto exchange, has faced a string of scam-related activities lately. For perspective, in its May filing with the US Securities and Exchange Commission (SEC), the firm reported that fraudsters had contacted it and demanded funds to prevent the release of sensitive customer information online.

Meanwhile, a recent Reuters report claimed that the “support agents overseas” that Coinbase blamed for the hack were employees from TaskUs, a US outsourcing firm serving the prominent exchange.

Employer Caught Illegally Accessing Data

The June 2 Reuters report, citing people familiar with the matter, revealed that a female employee was caught filming sensitive information from an official computer using her personal phone. Up to five former TaskUs employees confirmed witnessing the event in TaskUs’ outlet in Indore, India.

Meanwhile, the report linked the employee filming with Coinbase’s recent extortion attempt, claiming she and her accomplices were part of the internal crew that fed customer data to these fraudsters. Remarkably, the discovery led to Coinbase laying off over 200 TaskUs staff.

Moreover, TaskUs also confirmed that such an event occurred, but did not specifically mention Coinbase. It noted that it had relieved two staff members from duty earlier in the year for accessing information about a client without proper authorization.

Furthermore, the outsourcing company suggested that “a much broader, coordinated criminal campaign” against its client had hired these employees to feed sensitive data to them for social engineering scams.

Pretty Much Explains the Fraud Reports

Interestingly, Coinbase has been the target of several social engineering attacks lately. Blockchain sleuth ZachXBT identified the persistent menace in a May report, claiming that the exchange’s clients lost $330 million annually to the scams.

Meanwhile, Coinbase has disclosed it would not pay the $20 million that the fraudsters demanded. Instead, it stated that it would work closely with law enforcement agencies and offered a $20 million bounty for information that would lead to the arrest of these individuals.

Coinbase disclosed that it would cost the firm $400 million to fix the data breach issue. Meanwhile, the US Department of Justice is also investigating the issue for a possible 

The prominent US exchange recently joined the S&P 500, becoming the first crypto firm to be included in the index fund, which tracks the largest public companies in the US by market capitalization.

Here’s How GENIUS Stablecoin Bill Could Take XRP To $250

Chad Steingraber, a professional game designer and longtime XRP supporter, suggests the GENIUS stablecoin bill could help push XRP to three digits. 

Specifically, he recently said the GENIUS Act might be the key that finally sets XRP on the path to the ambitious $250 price target, a price target he has championed for over a year.

Steingraber Maintains His XRP to $250 Target

Notably, Steingraber has consistently promoted the $250 price target since 2024, even during periods of market stagnation. In April 2024, while XRP traded at $0.50, he publicly stated that he viewed $250 as XRP’s true fair value. 

Interestingly, his position did not waver through the summer. Specifically, in August 2024, when pressed about when he might begin taking profits, Steingraber pointed to the same $250 benchmark.

More recently, in March 2025, he again reiterated his forecast. The community pundit remained firm on the prediction that XRP would reach $250 before the year’s end despite the market lull that has seen it stagnate at $2.

How Could the Genius Act Boost XRP?

Now, he’s pointing to the GENIUS Act as the potential trigger. In his view, once the bill passes, it could open the door for XRP’s breakout. Most believe the bill will bring the kind of regulatory clarity and institutional trust that XRP needs to move into a new phase of adoption and price discovery.

Others in the XRP community have shared similar views, though their claims remain speculative. For one, Versan Aljarrah, host of Black Swan Capitalist, said last month that XRP replacing SWIFT could be the beginning. 

He argued that the GENIUS Act could help stablecoin issuers digitize U.S. debt at scale, opening up fresh liquidity channels outside the Federal Reserve’s system. This is something he believes could work in XRP’s favor.

Supporting Commentaries

Meanwhile, community member Pumpius suggested late last month that the GENIUS Act does not just legalize stablecoins but also connects them to demand for U.S. Treasuries. 

To him, Ripple is in a perfect spot to take advantage. With its stablecoin RLUSD operating under full regulatory compliance, Pumpius believes Ripple could end up holding large amounts of U.S. Treasury bills.

Essentially, Treasuries serve as the backing for RLUSD. That backing could turn Ripple into a major liquidity player, and since RLUSD will run on the XRP Ledger, XRP could benefit from the increased transaction volume.

In addition, crypto researcher SMQKE suggested earlier this year that the GENIUS Act could boost XRP’s adoption by giving RLUSD a stamp of legitimacy. According to him, the bill’s rules on reserves, audits, and licensing would make RLUSD more appealing to big investors. 

Now, as more people use RLUSD, they’ll need XRP to cover fees. Those fees are paid in XRP and get burned, which reduces the total supply. 

SMQKE claimed this could increase demand for XRP, push up its liquidity, and add more value to the token. He also said the bill might help XRP gain legal clarity, especially since it’s not a stablecoin but still operates in that space.

Provisions and Progress of the GENIUS Act

For the uninitiated, the GENIUS Act lays out a national framework for stablecoin regulation. Specifically, it requires every stablecoin to be backed one-to-one with either cash or short-term Treasury bills. 

Further, the act also calls for strict transparency, regular audits, and clear licensing. The goal is to bring stablecoins into the U.S. banking system and support the dollar’s position in digital markets.

Currently, the bill is making steady progress. Between May 19 and 22, the Senate voted 66–32 to move it forward. Notably, it is now on the Senate floor with lawmakers reviewing and suggesting amendments. A final vote is expected after the Memorial Day recess. 

Journalist Eleanor Terrett recently said sponsors are working behind the scenes to fast-track the process, and the bill could pass as soon as this week.

Here’s the Timeline as Analyst Predicts XRP Rise to $10, $18, and $27 After 21 EMA Retest

A recent analysis of historical data has shown that XRP may be targeting two-digit price levels following a recent retest of the 21 EMA support.

This analysis came from accomplished market watcher EGRAG Crypto, who has maintained that XRP is on the verge of an impressive run despite the persistent market lull. For context, XRP has dropped to $2.19, the same price region it opened at in May, confirming its extensive consolidation.

XRP Historical Performance Around the 21 EMA

Interestingly, EGRAG called attention to historical data from the 2-week chart to suggest that XRP might be following a bullish structure from the past. Notably, this structure led to the $3.8 all-time high in January 2018 and also resulted in the $1.9 peak in April 2021.

Specifically, during the 2017/2018 bull run, XRP broke above the 21 exponential moving average (EMA) on the 2-week timeframe when it rallied in March 2017. This breakout came after months of unsuccessful attempts since 2016.

After the breakout, XRP price skyrocketed 7,085% from $0.00555 to $0.3988 by May 2017. However, it faced a roadblock at $0.3988, leading to a pullback and consolidation. As prices corrected, XRP began retesting the 21 EMA for six months. 

However, following the retest, the asset saw another price uptick, soaring by an additional 1,517% to the all-time high of $3.8 by January 2018.

XRP 2W Chart EGRAG Crypto
XRP 2W Chart | EGRAG Crypto

This pattern repeated in 2020/2021. In particular, XRP broke above the 21 EMA to claim a high of $0.79 by November 2020. After this peak, it faced a pullback to retest the support at the 21 EMA before soaring again by 425% to reach the $1.96 high in April 2021.

Is History Repeating?

Interestingly, history seems to be repeating a second time. Data shows XRP again broke above the 21 EMA when it rallied from the $0.5 level in early November, last year, on the back of the U.S. elections.

After the breakout, the uptrend persisted into January 2025, resulting in a push to a seven-year peak of $3.4. However, after reaching this resistance area, XRP price observed a pullback, just like in late 2017 and late 2020. Now, it is witnessing a consolidation phase.

This consolidation has now resulted in a retest of the 21 EMA, which EGRAG’s chart indicates is a precursor for another upward push. As a result, the analyst expects XRP to recover from this range-bound phase to greater levels.

XRP Targets and Potential Timeline

Accordingly, he has presented three targets for when XRP eventually recovers. The first target is a 425% rise to $10, while the second target represents a 1,000+% increase to $18. Meanwhile, EGRAG expects XRP to claim an all-time high of $27, representing a 1,600% surge.

Further data indicates that, following the retest of the 21 EMA support, XRP’s upsurge has culminated in a cycle peak weeks after. In 2017, the $3.8 peak occurred eight weeks (4 candles) after the retest, and in 2021, it took ten weeks (5 candles). If XRP follows this trend, it could reach $27 within eight to ten weeks, translating to late July or early August 2025.

Notably, EGRAG has always targeted the $27 level, citing varying possible catalysts. Just a week ago, he leveraged his “Drop Zone” analysis to project a rally to $27. Meanwhile, last December, he predicted that if XRP holds above its break of structure (BOS), a push to $27 could be imminent. 

Here’s How Much $10K Invested in Shiba Inu Today Could Be Worth in Next 5 Years

0

Based on Shiba Inu’s growth potential, investors who invest $10,000 in SHIB today could see substantial gains over the next five years. 

For many investors, the year 2030 stands as a pivotal milestone for the crypto market, with several positive developments expected to be in play by then. These developments might come in the form of regulatory clarity, mass adoption, and technological maturity for most crypto projects. 

Moreover, 2030 comes two years after the Bitcoin halving event in 2028. As observed in previous cycles, the Bitcoin halving event usually paves the way for a major bull run, leading to a tremendous rally for BTC and altcoins, like Shiba Inu (SHIB). 

Ultimately, 2030 is expected to be a remarkable year when the prices of major assets like SHIB reach jaw-dropping heights. 

How Much $10K Invested in SHIB Today Could Be Worth By 2030

We considered how much a $10,000 investment made in SHIB today would be worth by 2030. Notably, Shiba Inu is currently trading at $0.00001355, indicating that a $10,000 investment in SHIB today would fetch 687,285,223 (687.28 million) tokens. 

Based on the numerous predictions from notable experts, this SHIB portfolio could bring extraordinary gains for early investors by 2030. 

Changelly’s Forecast 

For instance, analysts at crypto trading firm Changelly speculate that Shiba Inu will trade at $0.000138 by 2030, representing a remarkable surge of 848.45% from the current price. If SHIB hits this target, the portfolio of 687.28 million SHIB, currently worth $10,000, would be valued at $94,845. 

Finder’s Projection 

Moreover, this $10,000 investment in Shiba Inu today could be worth more based on predictions from Finder-affiliated experts. These experts predicted that SHIB would hit $0.0001971 in the next five years, marking a 1,254% upsurge from the current price. 

At $0.0001971, the 687.28 million SHIB tokens procured today at $10,000 would be worth $135,463 by 2030. 

Telegaon’s View

Meanwhile, popular prediction platform Telegaon expects SHIB to peak at $0.000712 in the next five years. This target represents a 4,793% upsurge from Shiba Inu’s current trading price of $0.00001455. 

If this plays out, an investor who took advantage of SHIB’s current low price to scoop 687.28 million tokens could see that investment worth $489,347. 

ChatGPT’s Insight

Further, we previously consulted AI model ChatGPT to ascertain SHIB’s price by 2030. However, the chatbot’s 2030 projection for SHIB was not as bullish as those issued by other entities. According to ChatGPT, Shiba Inu could trade at a bearish price of $0.000005 by 2030, an average price of $0.00003, or a bullish target of $0.0001. 

Shiba Inu Price Prediction ChatGPT
Shiba Inu Price Prediction ChatGPT

Under the bearish target, the value of these 687.28 million tokens would plunge to $3,436, marking a decline of 65.64% from their initial purchase value. 

At ChatGPT’s 2030 average target of $0.00003, these 687.28 million SHIB tokens would be worth $20,618 by 2030. However, this 687.28 million SHIB portfolio would be valued at $68,728 if ChatGPT’s bullish target of $0.0001 plays out. 

SimpleSwap: The Hassle-Free Way To Exchange Crypto

Cryptocurrency should be simple. That’s the belief behind SimpleSwap, an easy-to-use platform that lets you exchange crypto without the usual complications. No sign-up. No waiting. No storing your funds on the platform. Just fast, secure, and private transactions from one wallet to another.

Let’s take a closer look at what makes SimpleSwap one of the easiest and most accessible crypto exchange services available today.

Exchange Crypto Without Registration

On SimpleSwap, you don’t need to create an account or go through a long verification process. You visit the website, choose the currency pair you want to exchange, and you’re ready to go.

This approach puts user privacy first. No personal data is collected. No accounts are stored. You control your wallet, and you remain in full control of your crypto. You can easily buy BTC online now.

Over 1500 Crypto and Fiat Pairs to Choose From

Variety is another strength of SimpleSwap. The platform supports over 1500 cryptocurrencies and a wide range of fiat currencies.

Whether you’re swapping Bitcoin for Ethereum, buying Solana with a credit card, or converting USDT to Euros, you can do it in just a few clicks. SimpleSwap constantly adds new coins and tokens to stay up to date with the growing crypto ecosystem.

Non-Custodial Means Safer Transactions

Your funds never sit on the platform. SimpleSwap is a non-custodial service, which means the crypto you send goes directly from your wallet and is exchanged directly into your receiving wallet.

There’s no need to trust the platform with your holdings. Your coins aren’t stored on the servers, reducing the risk of hacks or data breaches. It’s just you, your wallet, and your crypto.

Buy Crypto with Fiat. Simple, Safe, and Profitable

SimpleSwap doesn’t just let you exchange crypto-to-crypto. You can also buy digital assets using fiat currencies like USD, EUR, or GBP.

How it works:

Step 1: Choose Your Fiat and Crypto Pair

Decide how much fiat currency you want to spend and what coin you want to receive. For example, you can buy BTC instantly with USD or Ethereum with Euros.

Step 2: Enter Your Wallet Address

Input the wallet address where you want to receive the crypto. Double-check this step to avoid errors.

Step 3: Pay and Complete the Exchange

Choose your preferred payment method – debit or credit card – and confirm the transaction.

Step 4: Receive Crypto in Your Wallet

Once the payment is processed, the coins are sent directly to your wallet.

The process is quick, safe, and competitive in terms of rates. You don’t need to understand charts or navigate a trading platform. Everything is made for ease of use.

Swapping Crypto Has Never Been Easier

Whether you’re a beginner or a seasoned investor, SimpleSwap keeps the exchange process straightforward.

How it works:

Step 1: Choose Your Exchange Pair

For example, if you want to swap Bitcoin for Ethereum, select BTC to ETH.

Step 2: Enter Your Receiving Wallet Address

Input the destination wallet for the currency you want to receive. Always double-check the address.

Step 3: Send Your Coins

SimpleSwap gives you an address to send your existing crypto. Once you send the amount, the platform starts processing your exchange.

Step 4: Receive Your New Crypto

When the process is complete, the new cryptocurrency lands in your wallet. No delays. No account login. No storage on the platform.

24/7 Customer Support You Can Rely On

Crypto doesn’t sleep, and neither does SimpleSwap’s support team. If you need help, assistance is available 24/7.

The SimpleSwap team is easy to reach, quick to respond, and ready to guide you through any questions. Whether you’re unsure about a transaction or need help with a wallet address, someone is always there to support you.

Learn While You Swap

SimpleSwap isn’t just an exchange, it’s also a source of crypto knowledge.

Through its Analytics section, the platform shares in-depth research, market reviews, and investment ideas. You can read about major projects like Ethereum and Binance Smart Chain, understand correlations like BTC and USDX, or discover cross-chain solutions, all in one place.

Whether you want to stay updated or dive deeper into crypto topics, the content is clear, informative, and written for users at all levels.

A Platform Recognized and Trusted by the Industry

Since its launch in 2018, SimpleSwap has been covered by leading crypto publications like CoinMarketCap, CryptoSlate, CoinGape, and CryptoPotato.

These platforms have praised SimpleSwap for its speed, simplicity, and commitment to user experience. It has evolved steadily, introducing features like an Invite System and a Loyalty Program that offers USDT cashback to repeat users.

More than just a tool, SimpleSwap is a growing platform — shaped by its users and trusted by the crypto community.

Try SimpleSwap Today

If you’ve ever felt overwhelmed by crypto exchanges, SimpleSwap is worth trying.

There’s no pressure. No login required. Just choose your currency pair and see how simple the process can be.

With a wide selection of coins, full privacy, secure non-custodial swaps, fiat payment options, and excellent customer service, SimpleSwap brings back the simplicity to crypto.

Visit SimpleSwap.io to get started.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Pundit Says You Don’t Need 50,000 XRP to Get Rich

Notable voices in the XRP community are debating whether a large XRP bag, like 50,000 tokens, is essential for life-changing gains.

The discussion centers around how much XRP is “enough,” and whether arbitrary targets like 50,000 tokens are helpful or harmful to the average investor.

50,000 XRP as the “Minimum”

Crypto commentator King Vale recently advised investors to accumulate at least 50,000 XRP, framing it as the threshold for serious wealth potential.

His suggestion closely aligns with current on-chain data, which shows that the amount needed to join the top 1% of XRP holders has dropped to 50,835 XRP, down from 56,304 tokens in January.

Despite the lower token count needed for elite status, XRP’s recent price surge has made the goal more expensive. At $2.17 per token, acquiring 50,000 XRP now costs over $108,500, compared to around $25,000 in November 2024.

Vale defended his advice by noting that those who followed his earlier recommendations at lower prices have already seen life-changing returns. He also argued that in a hyperinflationary world, accumulation—not affordability—should guide investment strategy.

“This is Ego, Not Strategy”

However, community figure Xena strongly disagreed, calling Vale’s post misleading and unrealistic. She dismissed the notion that 50,000 XRP is a necessary benchmark.

She encouraged community members to avoid those who try to make others feel bad about the amount of XRP they hold. Xena contended that even someone with 50,000 XRP can perform poorly without financial literacy.

According to her, financial literacy, money management, and strategic thinking are the true keys to long-term success, regardless of portfolio size. She advised investors to keep buying within their means and to focus on smart decision-making, rather than feeling inadequate for not hitting arbitrary token milestones.

Xena also noted that smaller holders may outperform larger ones in the long run simply by being more disciplined and informed.

Clash of Mindsets: Two Paths to Becoming an XRP Millionaire

The debate highlights a broader divide in the crypto scene. On one side are voices like Vale, who promote maximum accumulation and large holdings as a practical response to macroeconomic risks.

For perspective, should XRP reach $10 per coin, those holding 50,000 tokens would have $500,000 in wealth, or half a million dollars.

On the other hand, conservatives like Xena view the pressure to hit large numbers as demotivating and ego-driven. According to her, strategy trumps bag size, especially for newer investors or those with limited capital.

Interestingly, Xena advocates for ambitious price outlooks for XRP. She strongly disagrees that outlooks like a $10 target are truly life-changing for the average investor.

To illustrate: at $10 per XRP, someone holding 1,000 tokens would only earn $10,000, while 50,000-token holders approach millionaire status. However, at $500 per coin, even a 1,000-token holder would be approaching a millionaire status.

Yet, there is significant disagreement in the crypto community about whether XRP can realistically reach such lofty price targets. Some believe it could take a decade or more. Others warn that waiting too long might expose investors to becoming exit liquidity for those taking profits earlier.

How Much Shiba Inu You Need to Buy Today to Retire by 2040

0

As people seek alternative means to retire early, we estimated how Shiba Inu could help investors achieve this goal by 2040. 

Many who joined the crypto bandwagon early benefited from successive bull runs that enabled them to retire early. 

Employees Retire Early After Shiba Inu’s Parabolic Rally

The Crypto Basic has reported stories of employees quitting their 9-to-5 jobs after making substantial gains from crypto investments. 

Most of these stories were associated with Shiba Inu following the token’s remarkable performance in the 2020/2021 market cycle. As previously reported, a truck driver retired early after his $650 investment in Shiba Inu skyrocketed to $1.7 million. 

In addition, a warehouse manager also retired from his job, thanks to Shiba Inu’s rally. The warehouse manager generated a profit of approximately $1.5 million within a year of investing $8,000 in Shiba Inu. 

These stories motivated many to enter the crypto space, with hopes of also retiring early. 

Key Considerations for Early Retirement 

To retire early, one must attain financial freedom to cover their needs and wants while setting aside inheritance for loved ones. 

However, people’s retirement goals differ based on their lifestyle and geographical location. People residing in high-cost locations and seeking a luxurious lifestyle might set a high retirement target of over $1 million. 

In contrast, individuals living in low-cost areas with frugal lifestyles might retire early after making $500,000. 

As the search for alternative paths to financial freedom surges, we explored how people can achieve this by investing in SHIB. Specifically, the Crypto Basic estimated the number of SHIB tokens an investor would need to acquire today to retire by 2040, assuming the price rises to $0.001 per token. 

It is worth noting that we considered three financial targets for this analysis: $500,000, $1 million, and $5 million. 

Amount of SHIB Needed to Retire Early By 2040 

Reaching these retirement targets requires investors to hold a certain amount of SHIB. An individual seeking to reach a target of $500,000 by 2040, if the price hits $0.001, must have or purchase approximately 500 million SHIB tokens today. 

Those targeting $1 million or $5 million require holdings of 1 billion SHIB or 5 billion SHIB tokens, respectively. The good news is that these tokens can be acquired at discounted prices, given SHIB’s current value. 

At the current price of $0.00001276, holdings of 500 million, 1 billion, and 5 billion SHIB tokens cost about $6,380, $12,760, and $63,800, respectively. 

The value of these tokens could soar to $500,000, $1 million, or $5 million if SHIB hits an ambitious target of $0.001 by 2040. 

Prediction for SHIB’s Rise to $0.001   

Meanwhile, clinching the $0.001 target is no easy feat, as it would require SHIB to eliminate two zeros from its price. It also demands a surge of 7,736% from the current value. 

Assuming SHIB reaches this milestone and its total supply of 589.5 trillion tokens remains unchanged, its market capitalization would increase to approximately $589.5 billion from its current value of $7.51 billion. 

Interestingly, several experts have predicted a surge in Shiba Inu’s value to the $0.001 target. Following Shiba Inu’s breakout in mid-October 2024, veteran market expert Crypto Sheriff set three bullish targets for SHIB, including $0.001. 

Besides Crypto Sheriff, other experts, such as LuckSide, have issued a similar projection for SHIB, forecasting that its price will someday soar to the $0.001 mark. 

Can SHIB Hit $0.001 Before 2040? 

Although this analysis conservatively projects that SHIB might reach the $0.001 target by 2040, some experts believe it may occur sooner. 

For instance, Krao predicted that SHIB would rally to $0.001 in the early part of this year, specifically January-February. However, the prediction did not materialize as expected. Changelly experts anticipate the $0.001 target will be reached between 2035 and 2039. 

Furthermore, the Telegaon prediction platform estimates that SHIB will rise to the $0.001 mark by 2035, five years earlier.