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Shiba Inu Team Launches Karma Reputation System on Shibarium

Lele Jima
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Shiba Inu Team Launches Karma Reputation System on Shibarium

The Shiba Inu ecosystem team has launched the highly anticipated Karma system on the Shibarium test network Puppynet. 

Popular community figure Shibarium Updates recently announced the development, noting that Karma is now live on Puppynet. For context, Karma is a reputation-based system that tracks and rewards users’ engagement within the Shiba Inu ecosystem. 

Karma Features

According to Shibarium Updates, the Karma system is powered by smart contracts, such as KarmaLogic and KarmaStorage. While KarmaStorage helps record users’ activities, KarmaLogic processes the actions and eventually converts them to points. 

The system leverages DIDs (decentralized identifiers) to track users’ engagement, with rewards allocated based on the action initiated. The ecosystem team introduced DIDs in 2023, giving users unlimited control over their personal data. 

How It Works 

Explaining how Karma works, The Dark Shib, a major Shiba Inu influencer, stated that the system records and rewards users’ every move, including burning of SHIB, adding liquidity on ShibaSwap, staking, and buying SHIB: The Metaverse land. 

It bears mentioning that the points allocated for each action differ. Per Dark Shib, it rewards users 1,500 points for burning SHIB, 1,500 for providing liquidity of over $1,500, and 1,000 for Shibverse land purchase. 

Furthermore, users receive 500 points for staking, 200 for adding SHIB/LEASH liquidity to ShibaSwap, 100 for minting Shib Magazine NFT cover, and 32 for bridging assets on Shibarium. 

The influencer added that when a user swaps SHIB on ShibaSwap, an off-chain service detects the transaction and notifies KarmaLogic. Afterward, KarmaLogic calculates the points and notifies KarmaStorage, which adds them to the user’s total karma points. 

The points for each action are expected to change once Karma goes live on the Shibarium mainnet. The team has yet to announce an official date for the mainnet launch of Karma. 

Meanwhile, its launch on the Shibarium mainnet is expected to contribute to the overall growth of the Shiba Inu ecosystem. It encourages users’ participation across various ecosystem projects, as every action is now tied to a reward. 

VeChain Price Plunges Amid US Tariff War Fears: Will $0.018 Hold?

Albert Brown
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VeChain Price Plunges Amid US Tariff War Fears: Will $0.018 Hold?

Trapped in a falling wedge, VeChain (VET) signals a potential touchpoint at $0.018 despite the network’s fresh recovery in Q1 2025.

With the US President signing an executive order to initiate tariff wars, global economic uncertainty has caused a 3.49% pullback in the crypto market. Amid this decline, VeChain’s token price dropped by 7.79% on April 2.

The sudden intraday pullback has intensified bearish pressure around the $0.020 psychological mark. Could this surge in supply lead to a further drop to the $0.018 level for VET prices?

VeChain Price Analysis 

On the daily chart, VeChain’s price action reveals a falling wedge pattern. Within this pattern, the VET token price is experiencing a bearish reversal from an overhead resistance trendline.

VeChain Price Chart
VeChain Price Chart

The falling wedge pattern is typically known for leading to a bullish breakout. However, the increasing selling pressure amid uncertain market conditions raises concerns about a prolonged correction.

The token price is nearing the $0.020 support level within the wedge. According to the pivot point indicator, the S1 support level at $0.021 is currently holding the price amid rising supply pressure.

The short-term bullish hold resulted in a 1.09% intraday recovery, pushing the current market price to $0.021831. However, the overall decline in bullish momentum suggests a potential for further correction.

The daily RSI also reflects a weakening bullish trend, hovering slightly above the oversold boundary level.

VeChain Network Hits New Highs

Despite the increased volatility in VET’s price action, the VeChain network has experienced a significant recovery.

In Q1 2025, active accounts on the VeChain network increased from 9,000 to a three-month high of 74,491. As of April 2, 2025, the active accounts on the network stand at 37,114.

VeChain Active Accounts
VeChain Active Accounts

Analyst Highlights Key Development for VeChain

Michael van de Poppe, the founder of MNConsultancy, anticipates an upswing for VeChain. In a tweet, he emphasized VeChain’s upcoming “Renaissance” launch in July 2025, which will include a full update to the tokenomics and introduce a new use case for VeChain.

With a refreshed tokenomics structure, VeChain could experience a significant surge in adoption. Additionally, the network has secured the MiCAR license in European markets, which is likely to drive further adoption by European enterprises.

Finally, governance proposal updates scheduled for Q2 2025 are expected to improve rewards for participants within the VeChain ecosystem.

VET Price Targets Extend to $0.030

Based on price action analysis and upcoming fundamental updates, VET is poised for a potential bullish breakout. However, the VET price may continue to fluctuate within the falling wedge pattern for the time being.

This could lead to a quick touch at the S2 pivot support level of $0.01820. Should a bullish breakout occur, it would likely challenge the R1 pivot resistance level at the $0.030 psychological mark.

Expert Criticizes Bitcoin Sellers on Trump Tariffs, Says You Have no Idea What You Own

Albert Brown
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0
Expert Criticizes Bitcoin Sellers on Trump Tariffs, Says You Have no Idea What You Own

James Lavish, a macro investor and managing partner at the Bitcoin Opportunity Fund, has recently criticized traders selling BTC on the impact of U.S. tariffs.

Lavish stated that those selling Bitcoin due to tariffs “have no idea what you own.” His remarks came after Bitcoin experienced a drop in value following President Donald Trump’s announcement of new tariffs.

Lavish has been a Bitcoin maxi, sharing bullish posts about BTC. He previously stated that as Bitcoin adoption grows, its volatility will continue, urging investors to embrace it. He also predicted that Bitcoin could reach a price of $120,000.

Bitcoin’s Reaction to Trump’s Tariffs

Following Trump’s announcement of reciprocal tariffs that target a wide range of U.S. trading partners, Bitcoin saw a significant price drop. In particular, Bitcoin traded as high as $88K yesterday before crashing sharply to $82K as of today.

Similarly, stocks initially saw gains but faced substantial losses shortly after Trump’s announcement. Bitcoin’s response reflected a larger market concern about potential global economic impacts. However, Bitcoin pundits like Lavish find this turnaround concerning.

Analysts’ Expectation for Bitcoin Amid Tariff Concerns

A notable analyst on X, Coinvo, observed a surge in Google searches for the term “tariffs,” suggesting that the general public’s concerns over tariffs may have contributed to Bitcoin’s price fluctuations.

However, the analyst suggested that Bitcoin’s market performance could recover once retailers become less fearful of these trade barriers. Other market observers pointed to the critical price levels Bitcoin was holding despite the tariff-induced volatility.

Jelle, another analyst, highlighted that Bitcoin was poised for a higher low after Trump’s tariff announcement. He noted that if the price had been bearish, it would have likely swept past previous highs. Instead, Bitcoin held firm, and Jelle projected the price would reclaim the $84,000 mark, with a target of $90,000 in the near future.

Contrasting Views on Tariffs and Bitcoin

Despite some analysts remaining optimistic, Bitcoin critics, including Peter Schiff, offered a contrasting viewpoint. Schiff argued that Bitcoin’s recent price spike was based on a false assumption regarding the tariffs’ impact. 

He pointed out that while Bitcoin initially reacted positively to Trump’s tariff announcements, it later tanked alongside stock futures as more details about the tariffs were revealed. Schiff further noted that gold, in contrast, spiked to a new record high.

PEPE Price Nears Trendline Breakout to Overturn Q1 Downfall, Eyes $0.000010

Albert Brown
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PEPE Price Nears Trendline Breakout to Overturn Q1 Downfall, Eyes $0.000010

Will PEPE make a breakout rally as whales accumulate 22 trillion tokens in Q1 2025, aiming to test the $0.000010 mark?

Amid growing volatility in the crypto market, rising fear has triggered a significant downturn in meme coins, causing the sector’s valuation to fall to $46 billion. Leading meme coins like Dogecoin, Shiba Inu, and PEPE have experienced declines, retesting critical support levels.

Over the past seven days, PEPE, the frog-themed meme coin, has fallen by 15%. It is currently trading at $0.0000072, with the potential for a further correction to the $0.0000050 level.

PEPE Price Analysis

On the daily chart, the PEPE price action reveals a prevailing downtrend leading to a long-standing resistance trendline. The decline reflects a pullback of more than 70%.

PEPE Price Chart
PEPE Price Chart

Notably, PEPE briefly rebounded from lows at $0.0000053. However, it is currently reencountering bearish pressure. It struggles against the resistance trendline and has formed a short-term expanding channel.

With an intraday recovery of nearly 3%, PEPE appears poised to bounce off the local support trendline. Yet, due to the recent failure to break through the resistance trendline, the MACD and signal lines are on the verge of a negative crossover.

Moreover, the daily RSI has fallen back below the halfway mark, showing a lateral trend. This indicates underlying weakness in the market.

Whale Sells After Two Years of Holding

As PEPE struggles to break the bearish trendline, a major crypto whale has lost confidence in the asset. According to a recent tweet by OnchainLens, this whale sold 68.76 billion PEPE tokens for 271.33 ETH (worth $509.5k).

The whale had held the tokens for almost two years, making a profit of $427k. However, had the whale sold at the peak price, they could have made $1.79 million. The tokens were originally purchased for $82k on KuCoin.

PEPE Whales Add 22 Trillion PEPE in Q1 2025

Despite the recent sell-off by a long-term holder, the balance held by PEPE whales has increased over the past quarter. According to data from IntoTheBlock, the balance held by PEPE whales surged from 337.75 trillion PEPE to 350.16 trillion PEPE in Q1 2025.

PEPE Balance By Holdings
PEPE Balance By Holdings

This increase includes holdings ranging from wallets holding 100 billion PEPE to 10 trillion PEPE. Notably, holdings between 100 billion and 1 trillion PEPE and between 1 trillion and 10 trillion PEPE have increased by 22 trillion PEPE over the last three months.

However, holdings in the 10 trillion to 100 trillion PEPE range have decreased by 7 trillion PEPE during the same period. Nonetheless, the overall trend among crypto whales indicates continued bullish sentiment.

Analyst Predicts 150% Rally for PEPE

As the accumulation of PEPE continues to grow, crypto analyst Jonathan Carter highlights the potential for a 150% rally in the token. He points to a falling channel pattern on the daily chart, suggesting a breakout rally is imminent.

Additionally, Carter notes the possibility of a breakout above the 50-day moving average, signaling a trend reversal. Based on price action analysis, he forecasts an accumulation at current levels, with a potential price target of $0.0000093. The longer-term price target could extend to $0.000021.

 

SUI Network Surge: Will $2.30 Hold Amid Market Volatility?

Albert Brown
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SUI Network Surge: Will $2.30 Hold Amid Market Volatility?

SUI struggles to maintain levels above $2.30, with rejection candles signaling a potential pullback below the $2 psychological support.

Despite the increased volatility in the crypto market, SUI has managed to hold steady at around $2.30. Currently trading at $2.32, the SUI price action shows multiple rejection candles at higher price levels. This indicates the bulls’ struggle to sustain upward momentum due to increased selling pressure.

This raises the question: Will a pullback below the $2 psychological support level occur?

SUI Price Analysis Signals Bearish Risks

The daily chart reveals that SUI has broken out of a falling channel pattern, signaling a bullish trend. However, the bulls are finding it difficult to maintain momentum amid heightened market volatility.

SUI Price Chart
SUI Price Chart

Over the past 24 hours, as Bitcoin fluctuated between $81k and $88k, SUI has failed to hold above $2.50. This is evident from the increased number of higher price rejection candles, suggesting that supply is outweighing demand. Furthermore, the MACD and signal lines are approaching a potential bearish alignment.

The 100- and 200-day EMA lines continue to trend downward following a recent “death cross.” A potential bearish crossover between the 100- and 200-day EMA could trigger a sell signal for price action traders.

SUI Network Sees Surge in Activity

Despite the price volatility, SUI’s network is experiencing a recovery in the total value locked (TVL) in DeFi. According to DeFiLlama, TVL on the SUI network has risen to $1.295 billion in recent weeks.

SUI DeFi Metrics
SUI DeFi Metrics

In addition, DEX volume has spiked to $386.88 million, while app revenue has reached $134.95k. Despite an uncertain market environment, SUI’s network is seeing increased activity.

Total Accounts

On April 2, SUI saw a surge in new accounts, with 4.11 million new users joining the network. This has helped push the total number of accounts to 120.47 million, with daily active accounts rising to 3.15 million on the same day.

SUI Price Targets 

As the SUI network continues to grow, short-term volatility driven by uncertain market conditions may lead to quick downspikes. Based on trend-based Fibonacci levels, the price could potentially reach the $2 psychological mark, which acted as a support level last month.

In an optimistic scenario, after testing this level, a reversal could challenge the 23.60% Fibonacci level at $3.21. However, the 200-day EMA, near $2.86, could act as an intermediary resistance.

Is XRP Doomed as Ripple Integrates Its RLUSD Stablecoin for Payments

Lele Jima
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0
Is XRP Doomed as Ripple Integrates Its RLUSD Stablecoin for Payments

Speculation suggests that Ripple’s integration of RLUSD stablecoin into its cross-border payments solution, Ripple Payments, might position XRP for doom.  

Yesterday, Ripple officially announced the integration of RLUSD into Ripple Payments, its flagship cross-border payments solution. According to Ripple, the move is part of efforts to drive the enterprise utility and demand for the asset. 

Therefore, the company integrated RLUSD into Ripple Payments to enable its clients to utilize the stablecoin for fast and cheap cross-border settlements. 

XRP Holders React 

The integration has triggered concerns among XRP enthusiasts, who fear it could negatively impact XRP’s adoption. Previously, Ripple Payments utilized XRP as a bridge currency between two fiats to enable quicker and cheaper transactions across borders. 

With RLUSD now integrated into Ripple Payments, many have suggested that the integration might reduce XRP’s adoption for cross-border settlements. 

How XRP Could Benefit From RLUSD Integration on Ripple Payment 

However, popular community figure ‘All Things XRP’ argues that XRP stands to benefit from this integration. According to the channel, RLUSD and XRP complement each other just like jelly and peanut butter. It claimed that Ripple uses a dual-asset strategy in which RLUSD brings stability while XRP offers speed and liquidity. 

Supply Reduction 

Notably, the community figure argued that the integration would also drive utility on XRP’s underlying blockchain, XRPL. Since RLUSD currently exists on XRPL and Ethereum, ‘All Things XRP’ asserted that every transaction on the XRPL will utilize XRP as transaction fees, which are automatically burned. Proponents believe this move will reduce XRP’s supply over time. 

Increased Adoption 

In addition, All Things XRP noted that the integration could drive institutional adoption of XRP, with RLUSD serving as a low-risk entry point for institutions new to crypto. 

Therefore, once they start using the stablecoin within the Ripple ecosystem, these institutions are more likely to expand their involvement by integrating XRP for liquidity. 

Further, it suggested that the integration would also boost XRP liquidity on XRPL, potentially leading to the launch of the RLUSD/XRP trading pair and increased activity on XRPL’s native DEX. 

Positive Sentiments 

The community figure also stated that positive reports on RLUSD’s success will translate to favorable sentiment for Ripple, which will ultimately benefit XRP. 

In conclusion, the user emphasized that Ripple is only building around XRP and not replacing the coin with RLUSD in its cross-border payment solution. 

Meanwhile, recall that RLUSD launched in December 2024 after intensive beta testing that commenced in August. At the moment, RLUSD has a market cap of $293.64 million, positioning it as the 220th biggest cryptocurrency and the 11th largest stablecoin. Read more xrp breaking news.

Expert Identifies Key Bitcoin Buying Zone for Substantial Gains

Albert Brown
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Expert Identifies Key Bitcoin Buying Zone for Substantial Gains

An expert has identified a key Bitcoin buying zone around $65K, arguing that activities within this range could lead to substantial gains.

Bitcoin has faced challenges breaking through key resistance levels, particularly around the $85,000 mark. As of today, the price of Bitcoin stands at $83,131.52, marking a 1.27% decline in the last 24 hours and a 4.85% drop over the past week. 

Despite the setbacks, significant support levels continue to pose buying opportunities. According to CryptoQuant’s analyst Boris Vest, the Active Realized Price, excluding long-dormant coins, is around $71,000. 

This price point has been a key support level in recent market activities. In addition, the True Market Mean Price, a more refined estimate, places the lower boundary of the support zone at $65,000.

With this zone in place, the analyst anticipates that if Bitcoin’s price falls further, the support range could absorb significant selling pressure driven by institutional demand.

Ultimately, Boris Vest highlighted that Bitcoin’s critical support zone lies between $65,000 and $71,000. In his words: “Buying Bitcoin within this range could potentially lead to substantial gains.”

Furthermore, Vest noted that while weaker hands might be selling at these levels, larger, more experienced investors, or “strong hands,” are likely accumulating Bitcoin. Typically, institutional interest and large-holder buying reduce the Bitcoin supply, a precursor to price surges.

Massive Influx into Bitcoin by Large Holders

Recent data from IntoTheBlock shows increased activity among large Bitcoin holders. Over the last 7, 30, and 90 days, these investors’ inflows into Bitcoin surged significantly, with growth rates of 8445.62%, 864.27%, and 205.53%, respectively. 

This influx points to a clear trend of institutional accumulation, underscoring the ongoing demand for Bitcoin despite the price volatility.

Elsewhere, separate CryptoQuant data highlighted that several public companies significantly added Bitcoin to their balance sheets in Q1 2025. MicroStrategy, the largest corporate holder of Bitcoin, acquired 81,785 BTC, spending approximately $8 billion.

Other notable companies included Tether, which purchased 8,888 BTC, and Metaplanet, which added 2,285 BTC.

Despite these substantial purchases, Bitcoin’s price declined from $94,400 to $82,500. This contradiction between rising corporate purchases and falling prices raises questions about other market forces at play.

Meanwhile, long-term holders of Bitcoin have contributed to the downward pressure in the market. In Q1 2025, their supply dropped by 178,000 BTC, offsetting the corporate buys and adding further sell pressure. 

The situation worsened with a significant outflow from Bitcoin exchange-traded funds (ETFs), which saw $4.8 billion leave the market during the same period.

Top Pundit Says “Fast as Hell” Cardano is By Far the Easiest Bet, Predicts Surge to $5

Elendu Benedict
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Top Pundit Says “Fast as Hell” Cardano is By Far the Easiest Bet, Predicts Surge to $5

Crypto pundit Alex Becker is again bullish on Cardano, insisting that the asset could easily surge to $5 from recent lows.

The crypto market is down considerably from late last year’s price outburst, with the upward trajectory from Donald Trump’s November win losing momentum. Cardano, for instance, has retraced 51% from its December 3 high of $1.327, and sideways macro factors have contributed immensely to this capitulation.

Nonetheless, crypto enthusiasts remain bullish on the asset’s mid and long-term prospects. Surprisingly, millionaire pundit Alex Becker, who was once skeptic about ADA, has insisted that the asset would surge ridiculously from here to unprecedented prices.

Analyst Highlights Cardano’s Admirable Properties

In a recent YouTube commentary, Becker shared eight coins that will rally up by fifteenfold by 2026. He stated that despite his long-standing Cardano feud, he would admit that the token looks extremely bullish from here.

The pundit cited reasons for his bullish disposition on Cardano, including its appealing network properties. Becker noted that the layer 1 chain is “fast as hell” and the most decentralized, reasonable blockchain next to Ethereum.

Furthermore, he emphasized that ADA is an easy bet from here, suggesting that the asset has reached insane bargain levels. Meanwhile, the market watcher noted that the growing momentum around the Cardano ecosystem is a plausible bullish catalyst for a face-melting rally in the near term.

Notably, developing events such as the recent institutional interest through ETF filings and ADA’s inclusion in the US crypto reserve have spurred renewed bullish momentum around the Cardano ecosystem. A recent report shows that Cardano’s crowd social sentiment reached a bullish multi-month high as positivity hovers around the network.

Super-Fast Cardano Set for Insane Gains

Price-wise, Becker predicted an easy rally to unprecedented highs, spurred by escalating bullish momentum. He noted that Cardano would surge from recent lows to between $3 and $5, an impressive 363% and 672% uptrend from the current price of $0.648.

Interestingly, analysts have predicted a similar price mark for Cardano. For instance, market watcher Madmaudo asserted a surge to $3, insisting that the rally is overdue. Prominent crypto commentator BitBoy also called ADA to $5 this bull cycle, despite noting the ecosystem was dying.

Meanwhile, Becker also mentioned other notable cryptocurrencies that would post staggering upsides in the mid and long term, including Ethereum, Solana, Avalanche, and Sui.

Here’s How Top Korean Exchange Volume Shaped XRP 7-day Move

Sam Wisdom Raphael
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Here’s How Top Korean Exchange Volume Shaped XRP 7-day Move

Data reveals heavy retail XRP selloffs and high bot activity on Korea’s largest exchange, Upbit, as broader bearish pressure mounts.

XRP has been struggling to maintain the $2 mark, facing resistance at $2.5 as the broader crypto market remains uncertain. Interestingly amid this bearishness, data from the South Korean exchange Upbit shows that retail selloffs might be contributing to the downward push.

Upbit’s Role in XRP Market Activity

In a recent analysis, market commentator Dom highlighted trade patterns over a seven-day period, exposing a high level of retail selling and bot-driven activity that might have influenced XRP’s market performance.

Dom stressed that the XRP/KRW pair on Upbit, the largest exchange in South Korea, was the second-largest destination for XRP trading by volume, but market participants have largely ignored its impact. 

According to him, the pair recorded over $2.5 billion in trading activity between March 25 and April 1. During this time, traders executed more than 2.4 million transactions. In his analysis of these transactions, Dom found that 61.3% were sell orders, indicating strong selling pressure. 

Over the same period, net market sales on the platform reached 160 million XRP, suggesting that sellers dominated the market.

XRP Order Flow Breakdown
XRP Order Flow Breakdown

Dominant Bot Activity and Retail Selloffs

In addition, the data pointed to substantial bot involvement in the market. For context, more than half (53%) of all trades involved transactions of less than 100 XRP. This highlighted the possibility that these trades involved automated trading strategies.

On the other hand, large trades were relatively scarce. Notably, only 0.6% of all transactions involved more than 10,000 XRP, while a mere 31 trades exceeded 100,000 XRP. These numbers show that most of the market activity consisted of small, frequent trades rather than massive institutional moves.

XRP Trade Size Distribution
XRP Trade Size Distribution

Besides the dominant bot activity, Dom’s analysis suggested that retail investors were responsible for much of the selling pressure. Medium-sized transactions, those above 100 XRP but below 10,000 XRP, accounted for a massive portion of the selling volume. 

While the total market sell-off reached 160 million XRP, large transactions contributed only 6 million XRP to that figure. This suggests that major holders or “whales” were not actively offloading their holdings, but rather, retail traders were the primary force contributing to the price movement.

XRP Order Flow and Impact on Price Action

Meanwhile, Dom’s order flow analysis showed that the largest single trade of the week was a sell order for 181,000 XRP, which triggered the initial wave of selling pressure. In contrast, the biggest buy order, amounting to 212,000 XRP, occurred near a local price low. This suggests that some traders took advantage of the dip.

For order sizes, small transactions, those under 100 XRP, showed a stable volume pattern, confirming that bots maintained a consistent presence in the market. However, medium-sized trades showed aggressive retail selling, while traders executed large transactions with minimal price impact.

Further, a price movement analysis from Dom revealed that trades above 100,000 XRP had a relatively small impact on price shifts, with variations ranging between -0.22 % and +0.19%. ,

XRP Price Impact
XRP Price Impact

This indicated that large traders operated with precision, executing trades to minimize slippage. In contrast, sell orders below 10,000 XRP had a stronger influence on price fluctuations, indicating that the buy-side liquidity remained thin throughout the week.

Notably, Dom noted that this was just the beginning of his order flow analysis. He promised to make further studies that will compare XRP trading behavior across different exchanges, including Coinbase and Binance, to determine how each platform influences the asset’s price. At press time, XRP trades for $2.06, up 2.11% this morning.

XRP To Trigger Countless Early Retirements: Top Media Personality

Abdulkarim Abdulwahab
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0
XRP To Trigger Countless Early Retirements: Top Media Personality

In a bold statement on X, media personality John Squire argues that the rising value of XRP could trigger a wave of early retirements among its holders.

The claim comes at a time of renewed pessimism about XRP’s price performance. The crypto asset has failed to engineer an impressive price run for over two months.

Trading at $2.06, XRP’s 60-day trajectory shows a substantial 32% dip. Despite this discouraging performance, prominent voices in the crypto space continue to present hope to investors regarding a promising future for XRP.

Squire is one such voice. In his commentary, he painted a future where the rapid increase in XRP’s price could lead to massive financial gains for investors, enabling many to retire much earlier than they had planned.

“XRP’s rise will trigger countless early retirements,” he wrote.

Early Retirement with XRP

Notably, the price at which XRP could allow investors to retire depends on individual financial goals. For some, making the first $1 million is sufficient for early retirement. This mostly applies to those holding a few hundred or a few thousand dollars’ worth of XRP.

For instance, those holding 1,000 XRP, worth $2,000 today with a $1 million retirement target, would have to wait until the asset appreciates by 500X to $1,000 per token.

However, those with significantly larger portfolios, like 100K XRP, could easily seek retirement if the asset soars by a more moderate 4X to $10.

Meanwhile, Squire’s statement suggests this surge to lofty heights could come much sooner than many anticipate. In an earlier statement, he even suggested that investors might regret not holding enough XRP as early as five years from now.

While XRP’s recent performance has been underwhelming, its historical performance highlights a capability for phenomenal price actions. For instance, XRP boasts a yearly gain of 252%, while Bitcoin’s performance shows only a 26% yearly gain.

Looking at XRP’s all-time performance relative to its present price, the token has risen by 350X, meaning the earliest investors are likely on a path to financial independence.

Community Reacts

Squire’s comments have triggered interest in the crypto community, drawing responses from both critics and enthusiasts.

Community member Jenny Selina remarked that if XRP is able to break above its previous highs and continue to rise, it does have the potential to make winners out of investors. Others agree that XRP could create a path to freedom for holders.

Meanwhile, critics view this optimism as wishful thinking, especially among those who expect such an outlook in a shorter time frame.

“Not for me it won’t, I’ll probably be dead before that happens,” one commenter said. This perspective emphasizes that the wait to retire with XRP could extend for years, especially for retail holders.

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