Home Blog Page 870

Cardano Founder Pays Courtesy Visit to Japan’s Former Minister of Digital Transformation

0

Cardano founder Charles Hoskinson visits Japanese lawmaker and former minister of digital transformation Takuya Hirai.

While Cardano‘s sway in the White House has recently been questioned, the network appears to be making inroads elsewhere.

Cardano Founder Meets with Japanese Lawmaker 

Cardano founder Charles Hoskinson has recently paid a courtesy visit to a prominent Japanese lawmaker.

On Thursday, March 13, Japanese lawmaker and former minister of digital transformation Takuya Hirai disclosed that he had met Hoskinson and had a “meaningful exchange of opinions” with him.

In Hoskinson’s telling, he and Hirai discussed “digital transformation, zero-knowledge cryptography, blockchain, and Al.”

Hoskinson pictured with Hirai in Japan
Hoskinson pictured with Hirai in Japan. Source: Charles Hoskinson

Hoskinson had alluded to a trip to Japan last week after being snubbed for the Friday, March 7 White House crypto summit.

“I had travel plans to go to Japan, supposed to get on a plane here in a little bit, and I will be Friday, the seventh in Japan,” he disclosed at the time.

Long History

Cardano has a long history with Japan. Per Cardano lore, the blockchain was conceived in a restaurant in Osaka in 2015. Over 90% of participants in the ADA presale that ran from 2015 to 2017 were also Japanese. The network even hosted a Tokyo event to celebrate its launch.

So, in many ways, the Asian economic giant is a second home for the network.

Hoskinson’s recent visit to Japan comes as the country appears to be revamping its crypto regulatory framework to create a more conducive environment for investors and projects. For one, lawmakers are considering reducing crypto taxes from 55% to 20%. At the same time, they are also considering asset classification changes.

In October 2024, Hoskinson tipped Japan to become the “crypto hub of Asia” under a pro-crypto U.S. administration.

Every BTC Maxi To Regret Not Investing In XRP: Top Wealth Manager

0

Renowned finance author and wealth manager Linda P. Jones has praised a Bitcoin holder for converting his BTC holdings to XRP.

In a tweet, Bitcoin investor Shart Vader claimed he converted all his BTC holdings to XRP last year. This revelation comes amid Linda’s tweet, which highlighted the strong demand for XRP due to multiple filings for XRP ETFs.

Linda reiterated that many Bitcoin maximalists will regret not diversifying their portfolios to include XRP this year. In response, Vader pointed out that he made the conversion last year. Reacting to this, the financial expert praised the decision as a “smart move.”

XRP to Outperform Bitcoin? 

Linda’s commentary suggests that XRP will likely outperform Bitcoin this year, potentially leaving many BTC maxis in regret. She expects people who invest in only Bitcoin and ignore XRP to miss out on potential gains. 

XRP has already demonstrated its prowess in registering significant gains. Since November 2024, XRP’s growth has outperformed Bitcoin’s by over 200%. 

While it remains unclear whether XRP will sustain its incredible performance over BTC, Linda hinted at further gains that could leave many Bitcoin maxis in regret. 

Linda Optimistic About XRP Potential 

Linda has remained optimistic about XRP’s potential over the years. As The Crypto Basic reported yesterday, she speculated that many institutions will divest from Bitcoin and invest in XRP. 

The financial expert referenced the multiple filings for XRP ETFs, emphasizing that they reflect a strong demand for the coin. In a follow-up statement, Linda stated that financial entities are filing for XRP ETFs because they anticipated strong demand for the product. 

She speculated that XRP might receive preferential tax treatment in the U.S. due to its ranking as the number one token in the country. If this happens, Linda expects XRP to become more appealing to investors. 

According to her, some investors may even divert funds from existing Bitcoin and Ethereum ETFs into XRP ETFs. Furthermore, she contended that XRP’s inclusion in the U.S. digital asset stockpile confers more legitimacy on the coin, potentially driving its demand. 

The expert noted that traditional investors find it easier to venture into the crypto market through ETFs than direct investments. She emphasized that these investors have substantial funds in their retirement accounts, which is bullish for XRP.  

Institutional Interest in XRP Soars 

In the meantime, the number of prospective issuers seeking to launch XRP ETFs in the U.S. has continued to spike. 

Some of the top issuers include Bitwise, Franklin, Canary, Grayscale, 21Shares, WisdomTree, and CoinShares. Earlier this week, the SEC postponed its decision on some filings, extending the deadline to May 2025. 

Notably, top expert Vincent Van Code predicted that the SEC may likely approve multiple XRP ETFs on May 22, 2025. 

Shiba Inu to $0.01 as Impossible Things Can Happen in Crypto Time and Time Again: Pundit

0

A crypto market expert has insisted that a potential Shiba Inu surge to 1 cent is feasible, as impossible things happen regularly in crypto.

Although Shiba Inu has held its own compared to its major rival, Dogecoin, since the start of the year, its lackluster price action has left enthusiasts underwhelmed. SHIB has corrected 42% year-to-date compared to DOGE’s 47%.

The massive pullback has most of its holders underwater. At the current price, 61% of Shiba Inu holders are out of the money, with a mere 4% at breakeven.

Nonetheless, enthusiasts remain largely bullish. In fact, they have remained insistent that Shiba Inu could surge to hit 1 cent in the long term, but pessimism abounds. Despite this, a prominent market analyst recently noted that $0.01 per SHIB is very much possible.

Impossible Things Happen In Crypto

Amid backlash from critics who claim a staggering 82,001% surge to $0.01 is impossible, renowned market analyst Luis Delgado (Del Crxpto) has insisted on its fruition. He argued in a tweet that the Shiba Inu could hit the price target, suggesting to never say never in crypto.

“I have seen the impossible happen in crypto time and time again,” Delgado emphasized, asserting that despite calls that the price target is impossible, the market had in the past proven that such impossible dreams do come through.

Notably, the #1CentDreamSHIB hashtag has continued to trend within the SHIB community, indicating that some believe there is still a chance. Moreover, other analysts and even the Shiba Inu team believe this outstanding price is possible for the prominent meme coin.

For perspective, Shiba Inu’s marketing lead, Lucie, highlighted that this ambitious price can materialize. She revealed she has been holding the doggy-themed meme coin since 2021 and believes that although it might delay, the surge that would see SHIB remove three more zeros would come to a realization.

Possible Timelines for Actualization

While the 82,001% rally looks lofty, analytical insights have given a sneak peek into when Shiba Inu could possibly attain the price target. For context, two top Bitcoin analysts, Jason Williams and Yazan, have predicted that the second-largest meme coin would surpass $0.01 as early as this year on its path to $0.05.

Meanwhile, Changelly researchers predict that SHIB will hit $0.01 by 2050, 25 years away from now. Nonetheless, Gemini (formerly Google Bard) suggests the token would attain the price mark by 2040.

It bears mentioning that the Shiba Inu ecosystem would need to effect certain changes to make the $0.01 target more realistic. Some of them include a massive reduction in the circulating supply and the introduction of innovations that would drive SHIB’s mainstream adoption.

Pepe Eyes $0.000010 Amid Falling Wedge Breakout Potential

Pepe, the largest frog-themed meme coin, leaps back into action and targets $0.000010 with the potential for a falling wedge breakout rally.

With the short-term recovery in the meme coin market, Pepe is making a bullish comeback. After creating three consecutive bullish candles, the recovery run hints at a potential breakout rally.

Challenging immediate dynamic resistance, Pepe is on the verge of starting a new V-shaped recovery. Will this propel Pepe prices to the $0.000010 psychological mark?

Pepe Eyes Recovery With Wedge Breakout Rally

Pepe’s price action in the daily chart reveals a declining trend under the influence of the 20-day EMA line. Additionally, the price action shows a falling wedge pattern.

The downfall finds support near the $0.0000052 level, creating a morning star pattern, which marks a new bullish reversal within the falling wedge.

The bullish trend continues with three green candles, forming a triple white soldier pattern. Currently, Pepe is challenging the 20-day EMA line and the overhead resistance trendline.

With newfound momentum, technical indicators support the possibility of a breakout rally. The MACD and signal lines have shown a positive crossover, accompanied by a surge in bullish histograms.

However, due to the prevailing downtrend, the 100-day and 200-day EMA lines have crossed negatively. This results in a complete bearish alignment of the 20, 50, 100, and 200-day EMA lines.

Whales Buying Spree

Earlier this week, three wallets purchased a total of 689.79 billion Pepe tokens, worth $4.3 million. These crypto-wallets saw inflows from Tornado Cash.

The recovery in Pepe prices aligns with these anonymous wallets accumulating significant amounts of Pepe, which hints at the possibility of insider trading.

 

PEPE Derivatives Signals Mild Bullish Chances

Amid the bullish recovery, trader participation in Pepe futures contracts has seen a significant rise. Open interest has increased by 7.57%, reaching $216.73 million. However, the funding rate is close to 0%.

This indicates that the cost of holding positions in perpetual futures is extremely low.

Nevertheless, the long-to-short ratio of 1.04 suggests a slightly higher number of long positions, but not by a significant margin. Overall, the data from Pepe derivatives signals slight bullish dominance.

Pepe Price Chart
Pepe Price Chart

Will Pepe Bounce Back to $0.000010?

Based on price action analysis, the possibility of a falling wedge breakout rally is highly likely. According to Fibonacci levels, the breakout rally is expected to target the 23.60% Fibonacci level, close to the $0.000010 psychological mark.

Furthermore, the dynamic average lines also suggest the possibility of Pepe reaching the 50-day EMA near the $0.000010 psychological mark.

On the flip side, crucial support for Pepe remains at the $0.0000050 psychological mark, near the local support trendline.

Analyst Says “Cardano Price at War” as SEC Delays ADA ETF

0

“Cardano price is at war,” prominent crypto analyst Dan Gambardello asserts.

In recent weeks, one of the key drivers of optimism in the Cardano (ADA) community has been the prospect of institutional capital flooding into the asset following exchange-traded fund applications from Canary Capital and Grayscale.

Over the past 24 hours, however, the Securities and Exchange Commission has put the brakes on any excitement by delaying a decision on the Canary ADA ETF application until May 29.

Amid the delay, one analyst has suggested that the price of ADA, the network’s native token, is in a precarious position.

Cardano (ADA) Price At a Critical Juncture?

“Cardano price is at war,” prominent crypto analyst Dan Gambardello asserted in an analysis shared on Thursday, March 13.

The analyst expressed this view, noting that ADA was struggling to hold its 200-week moving average, which currently sits between $0.73 and $0.74. He asserted that closing and holding above the level would be critical for confidence that the asset’s overall trend remained bullish. This view comes as the 200-week MA is often used to confirm long-term trends.

Cardano Retesting 200W MA Dan Gambardello
Cardano Retesting 200W MA | Dan Gambardello

In the meantime, Gambardello highlighted that ADA’s price is ranging between the 50 weekly MA and 20 weekly MA. He noted that the asset had replicated similar price action in the 2021 bull market cycle before breaking out.

ADA Between 20W and 50W MA
ADA Between 20W and 50W MA

Still, he warned that there was no guarantee that ADA would hold the range in the short term, especially if the Federal Reserve refuses to meet market expectations of a near interest rate cut.

“If the market doesn’t get what it wants from the Fed, in the very short term, we can easily see the volatility of crypto continue to the downside,” he explained.

In this instance, Gambardello warned that a drop to around $0.50 was not out of the question. This represents an over 31% short-term downside risk from the asset’s current price of $0.73.

The analyst noted that bulls would want to see ADA not only hold the 200 weekly MA but also break above the 20-day MA at $0.78 and the 50-day MA at $0.80. According to the analyst, a break above these levels could set up a run to $1.25, which he describes as “the upper end of the bull market doors.”

Dogecoin Eyes $0.59 Amid Rebound Potential in Rising Channel

Dogecoin has hit the $0.17 resistance level as network expansion records 34,600 new addresses. Will this recovery drive the DOGE price to $0.59?

With the broader market’s minor recovery, the market valuation of meme coins has risen to $46.86 billion. Among the beneficiaries was Dogecoin, which maintains stability above $0.15, with a 3.22% surge in the past 24 hours.

Notably, Dogecoin has experienced a sharp 22% pullback over the past seven days. However, the recent short-term recovery hints at a potential comeback rally for Dogecoin.

Dogecoin Teases Consolidation Under $0.17

In the daily chart, Dogecoin’s price trend shows a quick rejection at lower levels. The bullish comeback from a swing low of $0.1427 highlights strong bullish dominance near the $0.15 psychological mark.

With two consecutive bullish candles, Dogecoin has resurfaced above the broken support trendline. Currently, Dogecoin is trading at a market price of $0.1666, with an intraday pullback of 3.35%.

This pullback is on the verge of undermining the 4.84% jump seen yesterday. Amid the declining trend, the daily RSI line is fluctuating near the oversold level.

Dogecoin Price Chart
Dogecoin Price Chart

Additionally, the price drop has led to a death cross between the 50-day and 200-day EMA lines. Given the increased volatility between strong horizontal levels, Dogecoin hints at a potential consolidation range. The overhead resistance is at the $0.17394 horizontal level, with crucial support at $0.1402.

Analyst Targets New Swing High at $0.59 

Amid rising expectations of a bullish comeback, crypto analyst Ali Martinez identifies several bullish possibilities for Dogecoin. According to Martinez, the DOGE price action shows a potential bullish reversal with a Doji candle on the weekly chart.

Doji candles are widely known for signaling a reversal in the prevailing trend. Martinez also highlights a rising channel pattern in the weekly chart.

Thus, Dogecoin is testing a crucial support level near the parallel channel’s baseline. The meme coin may be poised for a bullish rally with the confluence of multiple supports and the weekly Doji candle.

The analyst projects a rebound toward the mid or upper boundary of the channel, setting a price target near $0.5695.

Additionally, Martinez notes the recent expansion in the Dogecoin network. According to data from Glassnode, the number of new DOGE addresses has doubled in the past month, increasing from 16,400 to 34,600 new addresses.

 

Analyst Highlights XRP Among Top 5 Altcoins to Buy at Discount

Jake Gagain, a widely followed crypto commentator, has highlighted XRP among the top altcoins he is buying amid the recent market dip.

Most crypto assets are currently selling at steep discounts compared to the prices they sold for in January. The price drop came after Bitcoin crashed to $76K this week, its lowest price in four months.

Given that the bull market still has a few months left, market participants believe those buying at today’s low will reap profits during the next rebound.

Why Gagain is Buying XRP Now

In this context, Gagain shared his top picks that market participants should consider. Interestingly, XRP made the top spot on the list. At press time, XRP is trading at $2.23, having gained 16.15% from this week’s low of $1.92.

According to Gagain, XRP is worth buying now as the four-year-long Ripple lawsuit is about to end, and the news could drive XRP’s price. Today, news leaked that Ripple is negotiating favorable settlement terms with the SEC to finally put the protracted battle to rest.

Gagain believes the SEC dropping the Ripple case would set XRP bullish for the rest of 2025, not just in the short term.

Buying Solana After 62% Dip

Next on the list is Solana. Gagain is particularly bullish on Solana, given the massive discount at which it currently trades. Notably, Solana traded at an all-time high of $295 in January. However, it dropped to $112 this week, marking an astonishing 62% decrease from its all-time peak.

Given Solana’s prominence in the crypto space, he expects it to come back strong, making current lows a significant opportunity.

Other Top Altcoins

Meanwhile, Gagain is also bullish on Tron (TRX). He disclosed that he has been dollar-cost-averaging into TRX consistently.

According to him, Tron founder Justin Sun and U.S. President Donald Trump have a close relationship. He sees this as a positive factor for TRX, especially given Trump’s pro-crypto stance.

Moreover, Gagain cited TRX’s resilience during the recent market crash. He noted that while other coins have halved in price, TRX held up pretty well. For context, at $0.2200, TRX has only dipped 12% in the last 90 days, unlike Solana’s 62% loss.

Other prominent altcoins Gagain is buying include SUI and Ethereum. Notably, before the recent correction, SUI was one of the best performers, surpassing the $5 price in January. However, SUI is at $2.20 at press time, down 58% from its January all-time high.

Gagain sees the current price as a massive discount, especially as it’s a coin that Eric Trump, the U.S. President’s son, also holds. He also noted that it is one of the fastest-growing Layer 1s in the crypto industry.

Ethereum is a Steal

The last spot on Gagain’s list goes to Ethereum. Despite being Bitcoin’s closest rival, its price performance failed to mirror Bitcoin’s trajectory. Since January, Ethereum’s value plummeted by over 50%, while Bitcoin only dipped 30%. Moreover, at a floor price of $1,862, Ethereum is 62% below its all-time high, while Bitcoin is only 24% below its all-time high.

Nonetheless, Gagain believes Ethereum is a great buy at its current price, describing it as a steal.

Dogecoin 11,811% Surge to $20 Remains Intact: Here’s Why

0

Dogecoin has firmly held above a crucial support level, with an analyst reiterating a surge to unprecedented highs could be on course.

Prominent market analyst Ali Martinez has predicted a possible price surge for Dogecoin, the largest meme coin by market cap. After recently suggesting a parabolic expansion for the prominent token, he has predicted a staggering 11,811% surge to $20.

The recent analysis follows a string of bullish developments for Dogecoin. Amid a strong resurgence that saw it appreciate over 18% in the past two days, the asset’s ecosystem has continued to see widespread adoption among crypto market users.

Crucial Level at $0.16 Holds

Martinez shared in a tweet today that the key support at $0.16 has continued to hold, indicating that Dogecoin could rebound extensively soon. Notably, the crucial demand zone lies at the lower boundary of its multi-year ascending channel.

Dogecoin has trended within this channel since 2015, making higher highs and higher lows along the tip and bottom of the wedge. After hitting the resistance line at the tip of the ascending channel with its all-time high of $0.7605 in May 2021, the meme coin has continued to consolidate towards the lower boundary.

Currently trending at the bottom of the channel, Martinez highlighted that DOGE needs to hold fast to the support trendline and avoid a close below the $0.16 price mark. So far, the support has cushioned the asset’s weak prices, and the analyst speculates that a sustained trend would see a parabolic expansion to unprecedented prices.

Dogecoin to Bounce to Mid or Upper Boundary

Meanwhile, the prominent market watcher has highlighted a possible surge to the mid or upper boundary of the ascending channel as the current support shows strength. An accompanying chart shows that these targets lie at the 1.272 and 1.618 Fibonacci extensions.

 

Dogecoin’s Price Target | Ali MartinezMartinez suggested a surge to the 1.272 Fib. level at $2.77, a new all-time high for Dogecoin. Meanwhile, if Dogecoin replicates its price action in 2021 and hits the upper boundary, it will jump a jaw-dropping 11,811% from the current market price to $20.

Notably, the $20 price prediction aligns with an earlier call from analyst Javon Marks, who insisted that the target is realistic for the meme coin.

Network Activity Boosts Bullish Momentum

Meanwhile, recent network activity has boosted confidence that Dogecoin could eye higher prices. Martinez highlighted in a parallel analysis that the token’s adoption has escalated recently amid renewed traction in its ecosystem.

The number of new addresses in the Dogecoin ecosystem has more than doubled in the past month. Precisely, this metric moved from 16,400 to 34,600 new wallets amid growing sentiments that the asset could rebound extensively in the near term.

Image
Dogecoin New Addresses | Ali Martinez

Meanwhile, DOGE has surged to $0.17 at the time of writing, up 2% since the start of the day.

Analyst Explains Why XRP Price May Not Pump Hard After Ripple Settlement News

As the much-anticipated settlement between Ripple and the U.S. SEC nears, one popular analyst is cautioning that XRP may not see the same explosive growth it experienced in July 2023.

For context, reliable sources told FOX Business journalist Eleanor Terrett that the Ripple lawsuit is coming to an end. Notably, the company and the SEC are now negotiating settlement terms. The initial delay followed Ripple’s insistence on more favorable settlement terms.

Notably, XRP holders have been eagerly awaiting this news, hoping it would be the major catalyst to send XRP soaring. However, analyst Dom believes holders may be disappointed with XRP’s performance following the settlement news this time.

Back in July 2023, when the court declared that XRP was not a security, the cryptocurrency saw a historic price surge. It jumped by 100% in four hours before cooling down.

Why XRP Surge May Be Low This Time

In his commentary, Dom stressed that XRP’s previous surge caught investors off guard. Moreover, the primary focus at that time was on the legal status of XRP, which sparked significant buying activity.

Unlike the surprise ruling of 2023, the market has been anticipating a settlement between Ripple and the SEC this time.

Dom pointed out that there is now “high confidence” that the settlement will surface soon, particularly after recent news leaks. As a result, the element of surprise is gone, and XRP’s price reaction may be far less dramatic than in 2023.

Another key distinction between now and July 2023 is the focus of the news. While the 2023 ruling clarified the legal status of XRP itself, this time, the spotlight is on Ripple as a company. Specifically, Ripple is attempting to settle its penalty for illegally selling XRP to institutional investors. This violation earned the company a $125 million fine.

How High Will XRP Go?

While the settlement news could drive some positive momentum, the analyst believes any potential surge will likely be much more modest. According to him, the market would be lucky to see a 20% increase.

At press time, XRP is trading at $2.22, up 4% today on the incoming settlement leaks. A 20% increase from here would put the price at $2.64.

For investors who believe XRP has already reached its peak or are considering cashing out, Dom suggests that the settlement news could offer a “small exit pump.”

Ripple’s Post-Settlement Plans Could Be the Real Driver

However, Dom highlights that Ripple may have been holding back announcements about new developments or initiatives until the legal matters with the SEC are over. He believes that this news could be the real driver for XRP’s long-term trajectory.

Non-Empty Bitcoin Wallets Surge to 54.72M, Just 0.018% from ATH: Is This a Bullish Signal?

0

Amid the ongoing Bitcoin price recovery, the number of non-empty BTC wallets is approaching its all-time high.

Bitcoin’s price has shown resilience after an early-week downturn that saw it dip below $77,000 for the first time since November 2024. The cryptocurrency rebounded in the last 48 hours, briefly touching $84,000 before settling around $82,300 on Wednesday. 

Over the past 24 hours, Bitcoin gained approximately $1,000, trading at $83,282 during this press. Bitcoin’s recent price action aligns with a surge in non-empty wallets, signaling sustained interest in the asset.

Data from Santiment shows that Bitcoin wallets holding more than zero BTC have reached 54.71 million. This figure is only 0.018% away from the all-time high of 54.72 million recorded on January 19, 2025. 

Santiment attributes part of this trend to network growth and large holders splitting their wallets into smaller ones. Per Santiment, wallet expansion remains evident despite nearly eight weeks of heightened volatility following Bitcoin’s all-time high of $109,000.

The trend extends beyond Bitcoin, as Ethereum, XRP, and Tether (USDT) wallets are also rising.

Image

Is Rising Bitcoin Wallet Bullish? 

In response to Santiment’s update, a community member raised that a rising Bitcoin wallet is typically a bearish signal. The analyst firm confirmed the sentiment and added that it can be bearish if retail holdings surge while whales and sharks decline. Currently, retail is increasing, but whales and sharks remain flat.

Data from IntoTheBlock confirms that large Bitcoin holders have neither increased nor decreased their holdings. The Whales 30-Day Change indicator stands at +0.00%, reflecting no net accumulation or distribution.

Bitcoin Address Historical Concentration
Bitcoin Address Historical Concentration

Meanwhile, mid-sized investors have increased their holdings by 1.35% over the past 30 days. Retail investors, however, have slightly reduced their exposure, with a 0.08% decrease in holdings.

The minor decline in retail ownership suggests slight selling pressure or fund reallocation among smaller investors.

Large Holder Inflows Show Notable Growth

While whales have maintained their positions, large holder inflows have surged significantly. Further IntoTheBlock data reveals that the seven-day inflow change is up 162%, indicating a sharp rise in substantial Bitcoin transactions. 

Bitcoin Large Holders Inflow
Bitcoin Large Holders Inflow

Over the past 30 days, large holder inflows have jumped 2,639%, suggesting increased accumulation among major market participants. Ultimately, the 90-day inflow change further reinforces this trend, recording a 1,872% increase.