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Massive: Shiba Inu Investor Burns Another 1,000,000,000 SHIB

Lele Jima
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Massive: Shiba Inu Investor Burns Another 1,000,000,000 SHIB

An unknown Shiba Inu investor who burned 1 billion SHIB earlier this week has incinerated another 1 billion tokens, bringing their total monthly burns to 3 billion. 

As usual, popular community-driven burn tracker Shibburn indexed the latest transaction, which occurred today at 01:32 a.m. (UTC). 

The individual or group behind the blockchain wallet, ‘0x55B…182E3’, moved 1 billion SHIB to the official dead wallet in one transaction, permanently removing the tokens from circulation. Notably, the dollar equivalent of these 1 billion SHIB is $14,400 at the current exchange rate of $0.00001444 per token. 

Not New

This transaction comes days after the same address transferred 1 billion SHIB to the dead wallet on March 23. With this latest burn, the wallet has incinerated a whopping 2 billion SHIB within three days. 

It bears mentioning that the wallet has been actively involved in reducing SHIB’s supply through burns. On March 15, it sent 1 another billion SHIB to the dead wallet in one transaction. This implies that the user has now burned 3 billion SHIB in March alone. 

Besides its recent burns, the address also set ablaze nearly 2 billion SHIB last year in two transactions—1 billion tokens in August 2024 and 700 million burned in February 2024. However, despite the impressive contributions, no individual or project has stepped up to claim responsibility at press time. 

Following the latest incineration exercise, the address has a zero SHIB balance. It also has an overall crypto balance of around $40, indicating that the address will not conduct any major SHIB burn any time soon until it receives funding from external sources.

Significance to Daily SHIB Burn 

Meanwhile, the latest figure represents 99.31% of the total 1,006,913,405 (1.006 billion) SHIB tokens burned over the past 24 hours. 

Notably, the second-biggest burn registered in the past day led to the removal of 2.5 million SHIB from circulation, while the third largest eliminated about 2.12 million tokens. 

Amid these hefty incinerations, Shiba Inu’s burn rate spiked 57,069%, indicating that the number of tokens incinerated over the past 24 hours is 570x bigger than the previous day’s volume. 

Shib burn rate soars
Shib burn rate soars

Overall, over 410.74 trillion tokens have been permanently removed from circulation, leaving Shiba Inu with a total supply of 589.25 trillion SHIB. 

The goal is to burn as many tokens from the supply as possible to potentially boost the value of the remaining ones to loftier targets, with some eyeing goals like $0.0001. At the current exchange rate of $0.00001444, SHIB is 592.52% away from hitting the $0.0001 target. 

Bitcoin Supply on Exchanges Drops to 7-Year Low as Store of Value Sentiments Escalate

Elendu Benedict
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Bitcoin Supply on Exchanges Drops to 7-Year Low as Store of Value Sentiments Escalate

Sentiments among Bitcoin holders have switched to long-term accumulation, evident in the rapidly declining balance on centralized exchanges.

Data from Santiment highlighted this paradigm shift among Bitcoin holders, who are viewing the asset through the lens of its long-term potential. The Wednesday analysis indicates a rapidly declining Bitcoin reserve on centralized exchanges as holders export the asset to self-custody wallets.

Per Santiment, the Bitcoin supply on exchanges has dropped to a 7-year low of a mere 7.53%. The last time the market witnessed this rate was on February 20, 2018. This suggests that investors have grown increasingly comfortable holding Bitcoin for the long term despite short-term volatility.

Bitcoin Supply Reaches 7-Year Low on Exchanges | Santiment

Holders Turning to Diamond Hands

Typically, moving an asset off exchanges suggests that the holder does not intend to sell it in the near term. Holders of the largest cryptocurrency by market cap have taken this approach, which has extensively reduced the amount of the asset on trading platforms.

Notably, Santiment stated that this disposition reduces Bitcoin’s selling pressure as intents change among holders. For context, a reduction in the exchange’s Bitcoin supply means fewer tokens are available for spot selling, depleting the impact of volatile market conditions on prices.

Additionally, this reflects an increasing interest in Bitcoin among institutional and long-term custodian services. A continued relocation from exchanges to self-custody wallets and institute-backed storage facilities suggests institutional presence, a catalyst for growing demand, and a consequent price appreciation.

Santiment highlighted that Bitcoin’s exchange supply depletion suggests a shift from Bitcoin’s categorization as a speculative asset to a store of value. Interestingly, this sentiment leads to market stability, maturity, and bullish conditions.

Accumulation Pattern Emerges

Analyst Helmut Muller also dictated an accumulation pattern accompanying the exchange withdrawal. He called attention to seller exhaustion among bears, aligning with an earlier The Crypto Basic report highlighting dwindling selling pressure.

He noted that proof of this Bitcoin accumulation pattern reflected in the market reaction following yesterday’s short trigger from Donald Trump’s tariff announcement. The asset handled the development more maturely than it used to, indicating that sellers are losing their grip on the proceedings.

As a result, Muller insisted that Bitcoin’s path of least resistance is upward. Notably, analysis from Ali Martinez has identified the levels between the $88,000 and $91,000 range as a significant resistance in the premier asset’s northward trajectory.

Rumble CEO Says Incoming Crypto Wallet Will Monetize Creators “Better Than Most Advertisers”

Okoya David
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Rumble CEO Says Incoming Crypto Wallet Will Monetize Creators “Better Than Most Advertisers”

Rumble CEO Chris Pavlovski continues to build hype for the video-sharing platform’s coming crypto wallet.

In an X post on Wednesday, March 26, Pavlovski asserted that with Tether’s help, Rumble Wallet would monetize creators more effectively than most advertisers. He argued that the product will prove particularly integral to content creators in international markets.

“It’s bigger and more than you think,” he asserted.

As has been the pattern lately, Pavlovski’s statements elicited a reaction from Tether CEO Paolo Ardoino, who called it “A wallet for the people.”

Pavlovski’s latest statements come on the heels of Rumble’s Q4 earnings report, with the wallet being a focal point of the earnings call. During the call, the Rumble chief tipped the wallet to facilitate the firm’s international expansion and high-value partnerships with crypto exchanges.

What You Need to Know About Rumble Wallet

Rumble Wallet is a joint venture between Rumble and Tether, following the latter’s $775 million investment in the video-sharing platform.

Pavlovski announced the initiative in January 2025, stating that it will allow creators to be tipped and paid in Bitcoin and USDT.

Tether’s Ardoino has predicted that it will become one of the largest consumer wallets, thanks to Rumble’s extensive user base. Notably, the platform had an average of 68 million monthly users in Q4 2024, up from 67 million the previous quarter.

Meanwhile, according to Pavlovski, Rumble Wallet is just one part of a broader effort to better compete with Google. Other ventures funded by Tether’s investment include Rumble AI, Rumble Mail, Rumble User Storage, and Rumble Calendar.

Nonetheless, Rumble Wallet is the firm’s second major crypto initiative. In November 2024, the firm announced it was adopting the Bitcoin treasury strategy with plans to add up to $20 million worth of Bitcoin to its balance sheet. Earlier this month, it disclosed the purchase of 188 BTC worth $17 million.

Here’s How High XRP Could Go from 2025 to 2030, According to $12B Asset Manager Bitwise

Abdulkarim Abdulwahab
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Here’s How High XRP Could Go from 2025 to 2030, According to $12B Asset Manager Bitwise

The $12 billion asset manager Bitwise has released a detailed report examining XRP as an investment case.

Based on this examination, Bitwise projected the asset’s potential value from 2025 to the end of the decade. In particular, the firm provided bold price predictions for XRP enthusiasts to watch for between now and 2030, offering bear, bull, and max cases.

Notably, to determine a valuation target for XRP, Bitwise applied a formula based on the Capital Asset Pricing Model (CAPM), using a discount factor to adjust for macroeconomic, regulatory, and competitive risks.

XRP Max Case for 2025 to 2030

Under the max case scenario, Bitwise expects XRP to end 2025 at $4.48, progress to $6.53 by 2026, and reach $9.60 by 2027. From 2028, it anticipates XRP will trade in the double-digit range, starting at $13.84. By 2029, Bitwise hopes XRP will reach $20.14 under the max case and $29.32 by 2030.

Notably, this max scenario centers around XRP’s role in tokenization and payments. With the global tokenization market projected to exceed $10.9 trillion by 2030, Bitwise believes that capturing just 1% to 2% of the market could significantly impact XRP’s market cap.

XRP’s fees for transactions related to tokenized assets would generate increased on-ledger flows. Accordingly, transaction fees would burn a fraction of XRP, reducing its supply and potentially driving its price.

The projected annual return for XRP is +46%, with the price potentially reaching $30 by 2030. Furthermore, Bitwise projects XRP’s market capitalization relative to Bitcoin will rise from 11% to 13.81%. Notably, this estimate assumes that Bitcoin reaches $1 million per token.

XRP Bull Case for 2025 to 2030

In Bitwise’s bull case scenario for XRP, the firm assumes steady network growth with minimal regulatory hurdles. It expects XRP to grow moderately, with increased institutional partnerships, cross-border flows, and stablecoin usage on XRPL.

The annual return formula yields +27%, with XRP’s price projected to reach $12.70 by 2030. The formula suggests XRP would peak in 2025 at $3.90, just slightly above its all-time high of $3.84.

However, Bitwise projects that XRP could reach $4.94 by 2026, $6.25 in 2027, and $7.91 by 2028. Under this model, XRP would break into the double-digit range by 2029, reaching $10.02 and continuing to $12.68 by 2030.

XRP Bear Case Projects Massive Dip to $0.13

Bitwise’s bear case expects XRP to bottom at $1.82. At the time of the analysis, XRP was trading at $3.08 and subsequently dipped to $1.70 before recovering. It is currently trading at $2.38.

Meanwhile, Bitwise expects XRP to dip to $1.07 by next year and possibly lose the $1 level in subsequent years. In particular, it proposed a low of $0.13 for XRP by 2030.

Bitwise XRP projections up to 2030
Bitwise XRP projections up to 2030

This bear case scenario focuses on XRP’s reliance on institutional adoption, particularly within the banking sector. In this scenario, XRP fails to capture a significant share of the payments and tokenization markets.

Here, institutional adoption lags, and tokenization prospects on the XRPL are minimal, with stablecoins and other activities being overshadowed by competitors.

In this scenario, the annual return formula results in a negative growth of 59% per year. This is based on a historical volatility of ~147%, and the scenario anticipates a significant decline in value due to XRP’s failure to make meaningful progress in its target markets.

Ethereum Eyes $3,000 as Whales and Analysts Bet Big

Albert Brown
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Ethereum Eyes $3,000 as Whales and Analysts Bet Big

Ethereum, hovering near the $2,000 mark, presents a buying opportunity for whales. Analysts predict a potential surge to $3,000 amid rising bullish sentiment.

As Bitcoin holds above the $87,000 mark, Ethereum witnesses stagnancy near the $2,000 psychological level. ETH trades at a market price of $2,028, recording a 1.12% drop in the past 24 hours. 

The short-term pullback reveals a minor weakness in the bullish momentum of the short-term recovery run. Amid such conditions, will Ethereum bounce back from the $2,000 mark for a new upswing?

Whales Load Up Ethereum Near $2,000

Despite the recent consolidation and prevailing downward pressure, whales are actively accumulating Ethereum. According to a recent tweet by LookOnChain, a newly created whale wallet, 0x114E, has accumulated 7,100 ETH worth $14.27 million.

Additionally, another wallet, 0xC377, purchased nearly $9.5 million worth of Ethereum from Binance, acquiring 4,790 ETH tokens. Following the purchase, the whale deposited Ethereum on Aave to borrow 8 million USDT, possibly to acquire more ETH.

The growing list of whales continues, with wallet 0xC479 withdrawing 2,697 ETH, valued at approximately $5.45 million, from the OKX exchange. Finally, wallet 0xCb44 purchased 1,427 ETH tokens, worth $2.86 million, for staking benefits.

Ethereum ETFs Fail To Record Inflow 

Despite the sudden demand surge in Whales, institutional investment still lags. On March 26, the US Ethereum spot ETFs recorded a daily total net outflow of $5.89 billion. 

Ethereum ETFs
Ethereum ETFs

This marks another day of continuous outflows since March 5, with a single day of net zero inflow on March 24. Prior to that, the ETFs recorded only a single day of inflow on March 4, 2024, since February 20.

Analysts Suggest ETH Price Recovery to $3,000 

XForce Global, a Korean-certified Elliott Wave analyst, hints at a potential bounce back for Ethereum. In a tweet, the analyst suggested that Ethereum has completed an A-B-C pattern within a larger consolidation range.

Using the trend-based Fibonacci extension tool, the analyst projects a potential price surge based on the three-wave A-B-C pattern, with price targets ranging from $5,464 to $9,279.

However, even in the event of an extended correction, the analyst expects a relief rally toward $3,116. Therefore, according to the analyst, a potential 40-70% rally is possible in the coming weeks.

Supporting this bullish outlook, Crypto Jack points to a bullish divergence in the Ethereum price trend on the weekly chart, indicating a potential rebound from the local support trendline.

Ethereum Futures Witness Spike in Bullish Sentiments

In the derivatives market, growing trader interest in Ethereum signals a potential sharp move. According to data from CoinGlass, Ethereum’s open interest has risen by 1.38%, reaching $21.88 billion, while the funding rate remains positive at 0.0051%.

Moreover, the Ethereum Long-to-Short Ratio chart shows a surge in bullish positions over the past 24 hours. The ratio stands at 1.0251, up significantly from 0.9391 in the past 24 hours.

With growing open interest and a rising Long-to-Short Ratio, this indicates an increase in bullish sentiment for ETH.

Korean Councilor Confirms Holding $1M in XRP as Government Officials Report $9M+ Worth of Crypto Holdings

Sam Wisdom Raphael
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Korean Councilor Confirms Holding $1M in XRP as Government Officials Report $9M+ Worth of Crypto Holdings

South Korean government officials have disclosed their crypto holdings, with one City Councilor reporting nearly $1 million in XRP.

This is according to a report today from leading South Korean daily newspaper Munhwa Ilbo, citing data provided by the country’s Ethics Commission for Government Officials. Notably, the data came from the Commission’s latest disclosure of the changes in the asset holdings of public officials for 2025.

Korean Government Officials Hold XRP

Interestingly, the disclosure revealed that of the 2,047 government officials who reported their investment portfolio, up to 411, representing 20.1%, confirmed that they hold crypto assets. Notably, these officials collectively hold crypto assets worth 14.412 billion Korean won ($9.8 million against prevailing rates).

Notable among them was Kim Hye-young, a Councilor of Seoul, the capital city of South Korea. According to his disclosure, Kim holds up to 16 crypto assets worth a whopping 1.765 billion won ($1.2 million), placing him as the single largest holder of crypto assets among government officials. Of this figure, Bitcoin only makes up 184K won.

Besides his personal portfolio, Kim also revealed the assets held by his wife and eldest son. Interestingly, the City Councilor’s wife seems to be more drawn to XRP, which makes up most of her portfolio. She holds 519,004 XRP worth $1.2 million or 1.8 billion Korean Won, with 0.0122 ETH and 417 DOGE. Kim’s eldest son also holds 3,336 XRP.

Meanwhile, Choi Min-gyu, another Councilor of Seoul, was reported to have held the second-largest crypto portfolio among the government officials. Notably, Choi holds 1.6 billion KRW in crypto assets, with XRP taking a huge chunk of this figure, as he disclosed a bag of 409,551 XRP worth 1.4 billion KRW or $966,540.

Growing Interest in XRP Among Korean Investors 

These disclosures do not come as a surprise, as XRP has historically been a favorite among South Korean investors. The asset persistently beats Bitcoin and Ethereum in trading volume on leading Korean exchanges like Upbit and Bithumb. Analyst XForceGlobal recently reported that Korean investors hold 16 to 20% of XRP’s global market cap.

However, the Korean government official with the third-largest crypto portfolio, Kim Ki-hwan, who holds 1.42 billion KRW, did not report any XRP holdings. Instead, the Busan-Ulsan Expressway CEO revealed that he owns Terra Luna Classic (LUNC) and EOS (EOS) tokens.

Notably, the latest disclosure comes on the back of a decree from the country’s Ethics Policy Division last year that government officials will have to report their crypto holdings. Interestingly, besides Korean officials, lawmakers in the U.S. have also shown interest in XRP. Pennsylvania representative Guy Reschenthaler recently confirmed an investment of $1,000 to $15,00 in XRP.

Interactive Brokers Launches Trading Services for XRP, Among Others

Lele Jima
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Interactive Brokers Launches Trading Services for XRP, Among Others

Leading brokerage giant Interactive Brokers expands its crypto trading services with four additional digital assets, including XRP and Solana. 

According to an announcement, Interactive Brokers added four new cryptos–XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA)–to its trading platform. 

Notably, the newly added crypto assets will complement the platform’s existing assets, such as Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH).

Availability 

The assets will be available to clients of Interactive Brokers and its partners, Zero Hash LLC and Paxos Trust Company. In particular, clients with accounts at Zero Hash LLC–an Interactive Brokers’ partner–can trade the four newly added cryptocurrencies. 

However, users with accounts at Paxos Trust will only be allowed to trade SOL. Interactive Brokers clients, including those in the U.S. and U.K., can access the new crypto assets on the same platform where they trade bonds, stocks, and other financial instruments. 

Interestingly, Interactive users will enjoy a unified view displaying their balances across all positions in traditional and crypto assets. 

Interactive Exec Reacts 

Notably, Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, highlighted the significance of the latest addition.

According to him, adding XRP, SOL, ADA, and DOGE to the platform’s list of supported assets gives users more flexibility to diversify their portfolios. He also added that the move would help clients explore more opportunities across digital assets. 

Potential Reasons Behind XRP, SOL, DOGE, and ADA Support 

It is unsurprising that the newly added crypto assets feature some prominent crypto assets in the market. The four crypto assets are ranked among the top 10 assets in the market, with a combined valuation of $264.9 billion.

In addition, the crypto tokens have attracted significant attention from retail and institutional clients. Consequently, top asset managers like Grayscale and Bitwise have filed with the U.S. SEC to launch spot ETFs tied to the four cryptocurrencies.

Although the SEC has not approved any of the filings, it has acknowledged them for potential approval. 

Further, three of the assets–XRP, SOL, and ADA–have been highlighted as possible cryptocurrencies to be featured in the U.S. digital asset stockpile. Recall that President Donald Trump mentioned the assets alongside BTC and ETH for the digital asset reserve initiative. 

Here’s How Much Dogecoin You Need To Hold To Turn $10K Into $1M If DOGE Hits $15, $33, Or $57

Lele Jima
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0
Here’s How Much Dogecoin You Need To Hold To Turn $10K Into $1M If DOGE Hits $15, $33, Or $57

Investors would require thousands of Dogecoin tokens to turn a $10,000 investment into $1 million should the price of DOGE hit $15, $33, or $57.

The broader crypto market has remained in bearish territory over the past few weeks, with the effect reflecting in Dogecoin’s (DOGE) price action. 

Investors Optimistic Despite DOGE’s Recent Decline 

Last week, the leading meme-based cryptocurrency crashed below the $0.15 price mark for the first time in four months. On March 11, according to data from CoinMarketCap, the price of DOGE dipped to $0.146 per token. This represents a 68.93% decline from the token’s December peak of around $0.47. 

At the moment, DOGE has recovered some of these losses as it changes hands at $0.19. It is currently ranked as the ninth-biggest cryptocurrency, boasting a market cap of $26.05 billion. 

Even though the bull market has been relatively slow, investors are optimistic about DOGE’s prospects due to the positive developments surrounding the token. Specifically, institutional investors are showing strong interest in DOGE, with top asset managers filing to launch spot Dogecoin ETFs. 

Many expect the approval of these financial instruments to attract huge capital into the Dogecoin ecosystem, potentially taking DOGE’s price to loftier targets like $15, $33, or $57. 

DOGE to $15, $33, or $57 

These targets are much higher than DOGE’s all-time high price of $0.7376, set on May 8, 2021. Hitting the $15, $33, or $57 price targets would require DOGE to rise 8,791%, 19,461%, or 33,687% from its current price, respectively. 

Interestingly, several crypto experts believe Dogecoin can achieve these milestones. According to popular market chartist, Ali Martinez, the potential approval of Dogecoin ETFs could send the price of DOGE to around $15. In addition, experts atthe  crypto trading platform Changelly speculated that DOGE will hit the $15 target by February 2040, almost 15 years from now. 

Changelly also projects that DOGE will reach the ambitious target of $33 two months after hitting $15 by April 2040. Lastly, the experts believe the $57 price target will become a reality for DOGE by July 2040. 

Dogecoin price prediction by Changelly
Dogecoin price prediction by Changelly

As these predictions gain momentum, we analyzed how investors can turn an investment of $10,000 into $1 million if DOGE reaches any of these ambitious targets. 

How Many DOGE Tokens Are Needed to Turn $10K Investment Into $1M at $15, $33, or $57 

A $10,000 investment in DOGE could be a big deal for many investors, especially low-income earners. Nonetheless, this $10,000 investment might sound modest compared to the dazzling promise of $1 million.  

Making $1M at $15 

Investors looking to make $1 million if DOGE reaches a price target of $15 would need to hold 66,667 DOGE. This assumes that the investor purchased each token at $0.15, bringing the total investment to $10,000. However, at the current exchange rate of $0.1687, this portfolio of 66,667 DOGE costs about $11,247. 

Becoming a Millionaire at $33 

People seeking to make a return of $1 million through Dogecoin investment at a target price of $33 need to have 30,304 DOGE in their blockchain wallets. 

It costs about $0.33 per token to purchase 30,304 DOGE with a capital of $10,000. However, at the current price, a portfolio of 30,304 DOGE is worth around half the price—$5,112.  

Dogecoin Millionaire at $57 

Lastly, those aiming to become millionaires through Dogecoin at an ambitious target of $57 require fewer tokens. For a portfolio to be worth $1 million at a target price of $57, it must contain 17,544 DOGE. 

This implies that each token was acquired at $0.57 on a $10,000 investment. With Dogecoin trading at $0.1687, these 17,544 DOGE tokens cost about $2,960. 

While several investors can purchase these tokens in one transaction based on their financial prowess, others could leverage the popular DCA (dollar-cost averaging) strategy to acquire the tokens at intervals. The good news is that DOGE is trading at a discount, making it easier for investors to acquire the asset at lower prices. 

Shiba Inu Beats Bitcoin, Ethereum in Ratio of Long-Term Holders

Sam Wisdom Raphael
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0
Shiba Inu Beats Bitcoin, Ethereum in Ratio of Long-Term Holders

Shiba Inu boasts a higher percentage of long-term holders than market leaders Bitcoin and Ethereum, according to on-chain data.

The direction of the crypto market has long been dictated by Bitcoin (BTC), being the pioneering crypto asset. As a result, assets such as Shiba Inu (SHIB) have continued to follow in Bitcoin’s footsteps, which seems to lead in most major market metrics.

However, it appears SHIB, which bears the lowly meme coin branding, decisively beats Bitcoin and other market leaders in a crucial metric. Particularly, Shiba Inu boasts a higher percentage of long-term holders than Bitcoin and even the altcoin market leader Ethereum.

Shiba Inu Boasts a 76% LTH Ratio

Data from IntoTheBlock confirms this surprising trend. Notably, IntoTheBlock revealed on March 21 that Shiba Inu has the third-highest percentage of long-term holders among the assets it currently supports. Notably, in this bullish metric, SHIB is only behind Litecoin (LTC) and Chainlink (LINK).

For context, long-term holders are addresses that have held onto their tokens for at least a year. A higher percentage of long-term holders indicates that investors are more confident in an asset’s potential and most of its holders have continued to HODL their bag amid the prevalent optimism.

At the time of the disclosure days back, about 75.8% of Shiba Inu holders were long-term holders. This beats the ratios from Ethereum and Bitcoin, which respectively stood at 74.2% and 73.3%. 

Percentage of Long-Term Holders IntoTheBlock
Percentage of Long-Term Holders | IntoTheBlock

Interestingly, current data suggests Shiba Inu’s metrics have improved since March 21, while Ethereum has observed declines. Currently, SHIB long-term holders have increased to 76% of its total addresses. Meanwhile, 22% have held onto their tokens for 1 to 12 months, and only 2% have for less than a month.

Shiba Inu Percentage of Long Term Holders ITB
Shiba Inu Percentage of Long Term Holders | ITB

Bitcoin and Ethereum

The share of Bitcoin’s long-term holders has also increased but remains below Shiba Inu at 74%. For the premier crypto asset, 22% of its holders have also held between 1 and 12 months. Meanwhile, about 5%, significantly higher than Shiba Inu, have held for less than 1 month. This indicates BTC has more tourists than SHIB.

Contrasting the trend observed with Bitcoin and Shiba Inu, Ethereum’s long-term holders appear to have reduced since March 21, currently representing 74% of the total wallets. However, more addresses, about 23%, have held for 1 to 12 months, while about 3% have been in the market for less than a month.

Interestingly, data also shows that Shiba Inu beats Ethereum in the average holding time of tokens by an address despite launching five years later. The meme coin’s average holding time stands at 2.6 years, while Ethereum’s average holding time is 2.4 years. BTC, which has existed for over a decade, boasts an average holding time of 4.4 years.

Here’s How Much Bitcoin You Need To Retire Now in the US, According to This Analyst

Okoya David
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Here’s How Much Bitcoin You Need To Retire Now in the US, According to This Analyst

A leading market commentator has weighed in on how much Bitcoin an investor would need to retire.

Notably, the question of how much one needs to retire from active work has been a common topic, as many people hope they won’t have to work forever. Indeed, many hope to retire early, a goal unsurprisingly shared by several investors in the highly speculative and volatile Bitcoin and crypto markets.

So how much Bitcoin, for example, do you need to retire? One analyst has attempted to answer this question for U.S. residents.

According to a chart shared by Bitcoin analyst “apsk32” on Monday, the average American now needs about 30 BTC to retire. At Bitcoin’s prevailing value, this amounts to $2.6 million.

Quantity of Bitcoin needed to retire Source apsk32
Quantity of Bitcoin needed to retire Source apsk32

How The Bitcoin Figure Came About

Notably, this 30 BTC estimate is based on the belief in Bitcoin’s potential to exceed $1 million per coin in the coming decade and expectations for the median family income in the years to come, factoring in inflation.

At the same time, for the model to work, users have to follow a 4% rule. The assumption is that if you spend 4% of your assets in the initial year and adjust for inflation as you go, you will be unlikely to run out of funds. 

Using this rule with the 30 BTC estimate, you will need only 1.2 BTC in the first year, which is over $104,000 at the current price of about $87,000 per BTC. This drops to 1.152 BTC in your next year, and so on. 

The assumption is that Bitcoin will continue to rise exponentially and that the amount of BTC needed in subsequent years will decrease as a result.

This assumption also applies to the amount of BTC needed to retire as the years go by. Beyond 2036, apsk32’s analysis suggests that less than 2 BTC will be enough.

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