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As XRP Rebounds 8%, Here’s the Level It Must Reclaim as Support for Extended Recovery

Mark Brennan
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As XRP Rebounds 8%, Here’s the Level It Must Reclaim as Support for Extended Recovery

Amid the recent XRP crash, a market analyst previously identified a level that the altcoin must reclaim to recover from the slump.

For context, the broader crypto market endured a turbulent week as Bitcoin plummeted below $80,000 for the first time in 2025, dragging altcoins down with it. While many altcoins suffered steep declines, XRP showcased notable resilience, holding firm above the critical $2 psychological support level. 

Now, as selling pressure wanes, XRP appears to be recovering some of its last value, up 8% surge in the past 24 hours. Despite this, a full-blown recovery has still not yet materialized. Interestingly though, Dom (@traderview2), a notable market analyst, had previously identified the level XRP needs to reclaim for this to occur.

XRP Needs to Reclaim $2.2

In an analysis during the heat of the downtrend yesterday, Dom emphasized XRP’s strength in the face of Bitcoin’s 29% drop from its recent peak. He credited aggressive buying on Binance’s spot market for keeping XRP above $2, a level that has served as a sturdy floor for the past three months. 

The analyst called attention to the election VWAP (volume-weighted average price) as a major support, noting Bitcoin tested this level over 10 times. Meanwhile, for XRP, he stressed that the asset desperately needs to reclaim and hold above $2.20 as support. According to him, this could propel it toward the mid-$2.40s.

XRP 12h Chart
XRP 12h Chart | traderview

However, Dom noted that a failure to hold $2 might trigger retests of lower levels, and if Bitcoin dips toward the $75,000 mark, this could further deepen the decline. The analyst pointed to the current daily chart as encouraging but admitted that it wasn’t conclusive.

In a separate disclosure, Dom stressed urgency, arguing that XRP must recapture $2.20 soon to reverse its short-term downtrend. The persistent bids at $2, he says, have acted as a lifeline, preventing a more severe breakdown. For Dom, this level marks the borderline between a sustained rally and further consolidation.

Crucial Support Levels

Meanwhile, speaking on the downtrend, analyst Ali Martinez identified $1.65 as a potential support zone if selling pressure intensifies. 

His chart shows that XRP remains within an ascending channel that began forming late last year, even after the recent market rout. Should $1.65 fail, XRP could slip below this pattern, possibly leading to deeper declines. 

Further, analyst Dark Defender examined XRP on a monthly timeframe, suggesting the worst may be over. He asserts that XRP recently hit the lowest Fibonacci level of a corrective fourth wave, indicating the downturn has likely concluded. 

Dark Defender anticipates the start of a fifth wave, projecting targets between $5 and $8, provided XRP maintains support above $1.88 and $1.91. The Crypto Basic previously called attention to this analysis. Currently, XRP trades for $2.18, up 8.06% in the last 24 hours, and 0.91% away from reclaiming the pivotal $2.2 level.

Top Business Leader Corrects XRP Market Cap Myths, Says Traditional Valuation Models Don’t Apply

Abdulkarim Abdulwahab
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0
Top Business Leader Corrects XRP Market Cap Myths, Says Traditional Valuation Models Don’t Apply

Jake Claver, a business leader and consultant, recently challenged what he considers “misconceptions” about XRP market cap.

According to him, traditional valuation models don’t apply to XRP. In a detailed post, Claver compared XRP’s role in the financial system to that of a global highway rather than a single product-producing company.

He argued that many investors attempt to value XRP using stock market principles, treating it like a company with revenues and profits that are assessed based on share price performance.

Claver refuted this approach. He emphasized that XRP operates as a high-volume liquidity and settlement network designed to handle trillions in daily transactions. As such, valuing XRP using the traditional market cap system “does not make sense.”

Notably, this perspective seeks to counter those who believe XRP’s valuation could not reach trillions of dollars.

For instance, some ambitious XRP enthusiasts have suggested that XRP’s unit price could be $100 to $1,000. Notably, these prices would necessitate a market cap of $10 trillion to $100 trillion, considering XRP’s 99.99 billion supply.

As a result, critics argue that such projections are far from in touch with reality. Meanwhile, other commentators, like Claver, argue that such market cap calculations do not apply to XRP.

XRP Role in Global Transactions

According to Claver, XRP’s value proposition lies in its ability to efficiently move large sums of money, making it an essential tool for banks and financial institutions.

He noted that the demand for XRP’s liquidity increases as adoption grows, potentially driving its price higher. He stressed that higher XRP prices benefit the entire network by increasing its capacity to handle large-scale transactions—similar to adding more lanes to a congested highway.

XRP’s Potential Beyond Traditional Limits

Furthermore, Claver also pointed out that the financial world once believed trillion-dollar valuations were impossible. Meanwhile, companies like Apple, Microsoft, and Saudi Aramco have shattered those expectations.

Accordingly, Claver suggested that XRP’s future valuation could surprise many, especially those who continue to apply “outdated” market cap models.

Moreover, one of the biggest errors analysts make, according to Claver, is treating XRP like a stock or a speculative meme coin. Instead, he urged the market to recognize XRP’s unique role as a global settlement network that requires substantial liquidity to operate at scale.

Donald Trump to Host First Ever White House Crypto Summit

Elendu Benedict
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Donald Trump to Host First Ever White House Crypto Summit

A Friday press release shows that Donald Trump will host the first-ever crypto summit in the White House, further deepening his ties with the industry.

Prominent FOX Business journalist Eleanor Terrett confirmed this development, marking a new dispensation for cryptocurrency and blockchain technology in the United States. Terrett’s X post stated that the maiden White House congregation would happen on Friday, March 7.

Trump’s White House Crypto Submit

Notably, Donald Trump will preside over and deliver remarks at the pro-crypto gathering, a showing of his commitment to the digital asset industry. Also, key industry players, including CEOs, prominent crypto founders, and the White House crypto working group, will attend.

Donald Trump to Host Industry Leaders

In his first week in office, Trump signed an executive order to make America the crypto capital of the world. While he has delivered some of his campaign promises to the nascent industry, the March 7 gathering further stomps his renewed commitment to seeing the sector thrive in the United States.

The White House crypto summit is the first of its kind and will draw the crypto industry closer to the presidency. Trump’s crypto and AI czar, David Sacks, and the working group executive director, Bo Hines, will also lead the star-studded gathering.

Meanwhile, the summit’s theme was unannounced, leaving the community to speculate. Nonetheless, industry enthusiasts expect crucial discussions on crypto regulation, institutional adoption, stablecoins, and the creation of a US Bitcoin stockpile.

Trump’s Relentless Commitment to Bitcoin

The 47th US president has made a remarkable turnaround in his disposition towards Bitcoin and digital assets. He kicked against the industry in his first tenure, branding the pioneering cryptocurrency as a “scam.”

However, Trump has shown commitment to cryptocurrency in his second tenure, promising to enable the industry to thrive under his administration. He also proposed a national Bitcoin reserve, suggesting the impressively performing asset could help pay America’s growing debt.

Furthermore, Trump’s cabinet picks have reflected his allegiance to the digital asset industry. His choice of Treasury Secretary, crypto czar, and Health Secretary, among others, demonstrates his crypto warm embrace.

Most recently, he launched an official meme coin, the Official Trump (TRUMP), sparking both enthusiasm and severe backlash from the global community. 

Here’s the Potential Shiba Inu Price if BTC Reaches $500,000 or $13,000,000

Mark Brennan
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Here’s the Potential Shiba Inu Price if BTC Reaches $500,000 or $13,000,000

Shiba Inu could surge to new all-time highs if it maintains its correlation with Bitcoin and the pioneering cryptocurrency hits $500,000 or $13 million.

With a market dominance of 60.8%, Bitcoin largely dictates the tune of the broader crypto sector. For context, the pioneering cryptocurrency’s over 10% weekly drawdown has seen altcoins capitulate immensely.

Notably, Shiba Inu has recently shown a strong correlation with Bitcoin, with the latter slightly outperforming the doggy-themed meme coin.

Bitcoins Correlation With Shiba Inu
Bitcoins Correlation With Shiba Inu

Bearing the increasing correlation, this piece analyzes how this will affect Shiba Inu’s price if Bitcoin reaches $500,000 or a more substantial $13 million, as some analysts have predicted.

Bitcoin to $500,000 Prediction

In 2023, Bloomberg’s analysts predicted a $500,000 long-term price target for Bitcoin, citing several catalysts for the bold forecast. Among others, the analysis includes Bitcoin’s growing reputation as digital gold and its potential to capture a considerable portion of the precious metal’s market cap.

Furthermore, the commentators highlighted growing institutional demand through ETFs and the asset’s limited supply as possible propellants to the $500,000 price mark. Bloomberg noted that with a total supply of just 21 million BTC, growing demand, and decreased supply from quadrennial halvings, the asset could surge to the price target.

Also, other entities, such as Standard Chartered and Galaxy Digital founder Mike Novogratz, have similar price targets for Bitcoin.

Bitcoin to $13M Prediction

Meanwhile, Michael Saylor, chairman of Strategy (formerly MicroStrategy), is the sole prognosticator of a possible Bitcoin surge to $13 million. Despite its loftiness, Saylor believes Bitcoin’s superior quality to fiat, and the global hyperinflationary monetary policy means the premier asset will continue to grow against local currencies.

Additionally, Saylor predicted growing institutional attraction towards Bitcoin, insisting it would capture at least 7% of the global financial market. 

Bitcoin’s Market Cap Relativity with Shiba Inu

Following the earlier-mentioned correlation between Bitcoin and Shiba Inu, let’s calculate Shiba Inu’s market cap relative to Bitcoin’s. At the current market cap of $1.705 trillion for Bitcoin and $8.63 billion for Shiba Inu, the relativity factor is 0.506%.

This means that Shiba Inu accounts for 0.506% of Bitcoin’s current market cap. If the correlation hypothetically continues, we can use this factor to assess SHIB’s valuation relative to changes in Bitcoin’s

Shiba Inu’s Market Cap and Price if Bitcoin Hits $500,000

If Bitcoin hits $500,000, as Bloomberg predicted, its market cap will surge alongside. With a circulating supply of 19.82 million, the crypto firstborn will attain a valuation of $9.91 trillion and $10.5 trillion at a fully diluted valuation (FDV) of 21 million.

Hence, with the 0.506% relativity factor, Shiba Inu’s market cap would hit $50.14 billion if Bitcoin reached $9.91 trillion. Furthermore, SHIB’s price will reflect its market cap, surging to $0.0000851 with its circulating supply of 589.25 trillion.

Notably, this price target remains below Shiba Inu’s all-time high of $0.00008854.

Shiba Inu’s Market Cap and Price if Bitcoin Hits $13 Million

With the same calculations, Bitcoin at $13 million will yield a market cap of $257 trillion and $273 trillion at FDV. Notably, this staggering valuation is over 159 times the pioneering cryptocurrency’s market cap of $1.705 trillion.

Meanwhile, Shiba Inu’s market cap with the 0.506% factor will be $1.3 trillion. Furthermore, considering its circulating supply of 589.25 trillion, SHIB’s price would surge over 150 times from its current market price to $0.002206.

It bears mentioning that these figures are based solely on theoretical correlations. Realistically, there are no guarantees that Shiba Inu will surge alongside Bitcoin or maintain the same relativity with the asset.

Expert Eyes XRP Explosion, Says in Years to Come, It Won’t Matter What Price You Bought

Sam Wisdom Raphael
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Expert Eyes XRP Explosion, Says in Years to Come, It Won’t Matter What Price You Bought

A market expert sees XRP exploding beyond the current price levels, contending that in years to come, the current acquisition price will not matter.

EGRAG, a prominent market commentator, made this assertion in his latest disclosure. Notably, the statement comes at a time when XRP is witnessing a period of persistent turbulence, as Bitcoin (BTC) observed massive price declines.

XRP Within a Broadening Wedge

In his analysis, EGRAG’s chart shows a large broadening wedge pattern formed by XRP on the 3-day chart since 2014. For the uninitiated, in a broadening wedge, sellers and buyers are increasingly stepping into the market, forming higher highs and higher lows.

This leads to the creation of two diverging trendlines, creating a widening range. The pattern typically signals increased volatility and suggests that a breakout, either up or down, is likely. Notably, XRP’s structure appears to be an ascending wedge, which often leads to a break below, but EGRAG believes current market conditions can be bullish.

Breakout Attempts

Interestingly, XRP has only attempted a breakout, up and down, four times since the wedge took shape. The first attempt occurred in December 2014, when XRP soared to a high of $0.0280. However, the resistance at the upper trendline triggered a massive correction.

The pullback extended for over two years and led to the second breakout attempt, a bearish one. In this case, which occurred in February 2017, XRP collapsed to a low of $0.00525, with the bears looking to breach below the lower trendline of the wedge. However, XRP showed resilience, eventually recovering.

XRP Broadening Wedge EGRAG Crypto
XRP Broadening Wedge | EGRAG Crypto

Expectedly, the recovery triggered another attempt at breaking above the upper trendline in January 2018, when the asset hit a new all-time high of $3.8. However, again, the asset failed to breach the trendline.

The fourth attempt, another bearish one, occurred recently during the collapse to $0.3825 in July 2024. However, the bulls again defended the support at the lower trendline, with XRP pulling off an impressive recovery effort from November 2024 on the back of the U.S. presidential election. 

Now, despite the recent correction, data from the chart shows that XRP is still in an uptrend, and the next retest of the broadening wedge could be at the upper trendline, which now sits at a massive price point.

It Won’t Matter the Price You Bought XRP Now

Even below the current position of the upper trendline, EGRAG has mapped out several ambitious XRP price targets at different Fibonacci extensions. Notably, the first target sits at $8.15, aligning with Fib. 1.272, while the second target rests on $13.3 (Fib. 1.414), both new all-time highs.

Interestingly, beyond these, EGRAG eyes an ultimate target of $27, which aligns with the Fibonacci 1.618 extension. The analyst has consistently projected this target for XRP across multiple reports. 

In his latest analysis, he charged those who are without conviction to go ahead and sell off their holdings. However, the market commentator projected that in the next few months or years, it will not make a difference whether an investor bought at $2 or $3, implying that XRP would have exploded well above this level.

Ripple Partner SBI Shares Insights into Current XRP within Ripple Escrow in Latest Financial Statements

Sam Wisdom Raphael
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Ripple Partner SBI Shares Insights into Current XRP within Ripple Escrow in Latest Financial Statements

SBI Holdings, a long-standing Ripple partner, recently discussed details about XRP in its financial results for the fiscal year ending March 2025.

Released on Feb. 7, 2025, the report only recently gained traction within the XRP community after WrathofKahneman (WOK), a notable figure in the space, called attention to it in a post on X.

Notably, the document, which highlights SBI’s financial statements for the nine months ending in December 2024, also discusses XRP’s circulation status, the market value of shareholder benefits tied to the asset, and the growing partnership with Ripple.

XRP in Circulation and in Ripple Escrow

One section of SBI’s report focuses on XRP’s circulation status as of Feb. 2, 2025. It reveals that out of a maximum supply of 100 billion XRP, approximately 57.76 billion XRP are circulating in the market, with a market capitalization equivalent to around 20 trillion Japanese Yen. 

Notably, around 0.01 billion XRP have been burned as transaction fees, a mechanism inherent to the XRP Ledger that helps mitigate spam transactions. Data from XRPScan corroborates these figures, showing that the XRPL has burned exactly 13.625 million XRP since inception.

XRP in Ripple Escrow
XRP in Ripple Escrow

The report also breaks down the remaining XRP, revealing that Ripple currently holds about 4.79 billion XRP, while a substantial 37.43 billion XRP remains locked in escrow. For context, the Ripple escrow system ensures that XRP is released gradually, preventing market oversaturation. 

XRP as Shareholder Benefits

Meanwhile, in another section of the report, SBI highlighted the market value of shareholder benefits distributed in XRP over the past few years. 

Since March 2020, they had distributed XRP as shareholder benefits on five occasions, totaling 796 XRP, which equates to roughly 8,000 Japanese Yen in value. 

When weighted against the average price of XRP over these five distributions, the value stands at about 50.2 Japanese Yen per XRP. However, as of Feb. 6, 2025, the market value of these distributions has surged to around 354.6 Japanese Yen per XRP, representing about seven times the initial value. 

Shareholder Benefits in XRP
Shareholder Benefits in XRP

The report also tracks XRP’s price fluctuations over time, as the asset continues to grow. For instance, by the end of fiscal year 2023, 80 XRP were worth 8,000 Japanese Yen, but this value soared to 25,000 Japanese Yen by February 2025, reflecting XRP’s price appreciation from 100 Japanese Yen to 354.6 Japanese Yen per token. 

Ripple and SBI Holdings’ Partnership

Notably, the collaboration between SBI Holdings and Ripple has continued to grow over the years, as highlighted in a section of the report. Both entities began their partnership in 2012, with SBI now holding a 9% stake in Ripple, making it the largest external shareholder in the firm. 

SBI and Ripple Partnership
SBI and Ripple Partnership

In 2016, the two entities established SBI Ripple Asia, a joint venture with SBI owning 60% and Ripple 40%, aimed at advancing remittance services in the Asia-Pacific region. By 2021, SBI Remit began offering Japan’s first international remittance service using XRP as a bridge currency. 

The partnership has since expanded, with plans to issue NFTs on the XRP Ledger at Expo 2025 in Osaka, Japan. Additionally, in December 2024, SBI started sales of RLUSD, a USD-linked stablecoin.

Ripple V SEC: Expert Denies Rumor of SEC Considering Dismissing Ripple Appeal

Lele Jima
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Ripple V SEC: Expert Denies Rumor of SEC Considering Dismissing Ripple Appeal

FOX Business Journalist Eleanor Terrett rejects speculation that the U.S. SEC recently discussed the imminent dismissal of its appeal against Ripple. 

On February 24, the SEC Crypto Task Force met with legal experts to address issues relating to crypto regulation. 

Ripple Ruling Highlighted in SEC Meeting 

During the meeting, legal experts Jason Gottlieb, Andrew Hinkes, and J.W. Verret submitted a document analyzing certain crypto regulatory issues facing the SEC. 

The document highlighted the Ripple case to analyze how the commission had alleged that certain cryptos are securities without judicial confirmation that the tokens are securities themselves or used as part of investment contracts. 

Notably, it emphasized that courts have not universally accepted the SEC’s position on crypto-related secondary market transactions, as observed in the Ripple lawsuit. 

“Indeed, when the SEC’s theory was tested in the Ripple case, Judge Torres found that such transactions do not constitute investment contracts because the purchasers could not ascertain whether their payment went to Ripple or other XRP sellers,” an excerpt from the document read. 

FOX Business Journalist Refutes Speculation About Ripple Case Dismissal 

With the document highlighting the Ripple case, some XRP community members speculated that the SEC’s crypto task force met with lawyers to discuss the potential dismissal of the multi-year lawsuit. 

Responding, Terrett refuted this speculation with an emphatic “no.” This indicates that the rumor about the SEC considering dropping the Ripple case is false. 

The FOX Business journalist attached a facepalm emoji to her response, indicating her frustration with the rumor, which she finds baseless. 

Status of SEC v. Ripple Case 

There is no confirmation at this moment that the SEC is considering dropping its appeal against Ripple. Although the commission has paused or dismissed related lawsuits, its stance on the Ripple case remains unknown. 

Meanwhile, legal experts in the crypto industry believe the Ripple case is complicated due to Judge Torres’ existing ruling. She found Ripple guilty of violating federal securities laws by offering and selling XRP to institutional clients as investment contracts without registering with the SEC. 

This prompted the judge to impose an injunction on Ripple’s future institutional sales and a fine of $125 million for this violation. Therefore, the parties must work with Judge Torres should they decide to dismiss the appeal. 

XRP Price Predictions: XRP May Range Between $2.45 and $100 from 2025 to 2030

Sam Wisdom Raphael
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XRP Price Predictions: XRP May Range Between $2.45 and $100 from 2025 to 2030

Several entities have presented their XRP price predictions, projecting modest to ambitious targets from 2025 to 2030.

XRP has garnered attention due to its promising future, with growing optimism fueled by developments such as progress toward a potential XRP exchange-traded fund (ETF), as the U.S. SEC acknowledges multiple ETF filings, and speculation about its inclusion in a U.S. strategic reserve.

In addition, the anticipated conclusion of Ripple’s legal battle with the U.S. SEC has bolstered confidence. As a result, XRP has been a subject of bullish price projections. However, the extent of its rally should these developments materialize remains to be seen.

Notably, to get some insights, The Crypto Basic recently examined price predictions from artificial intelligence chatbots xAI’s Grok and OpenAI’s ChatGPT, which provided different forecasts based on different influencing factors.

Grok’s XRP Price Predictions

Particularly, Grok’s projections indicate a steady increase in XRP’s value, beginning in 2025 at a low of $2.45, an average of $2.69, and a high of $4.11. By 2026, expectations rise to an average of $4.60 and a peak of $5.56. 

Further, as global adoption expands, 2027 estimates surge further, with Grok predicting a low of $4.81 and a high of $10.89. Moving into 2028, the chatbot believes XRP could potentially reach an average price of $11.80 and highs of $20.12. 

XRP Price Predictions Grok
XRP Price Predictions | Grok

The growth trend continues in 2029, where Grok forecasts values between $7.68 and $35.02, with an average of $17.61. By 2030, the asset could achieve an average of $25.03, with projections ranging from $9.28 to $57.26. The chatbot consolidated these predictions from various platforms.

Grok attributed the forecasts to increasing adoption in cross-border payments and decentralized finance (DeFi), as well as broader crypto market expansion. The chatbot suggested that XRP’s price growth will be driven by regulatory clarity and institutional interest. 

Grok XRP Trend Analysis
Grok XRP Trend Analysis

However, it also acknowledged market uncertainties, which have led to varying projections from other analysts. For example, some sources suggest a more optimistic 2025 valuation of $4.50, while others place it at $2.69.

ChatGPT’s XRP Price Predictions

Meanwhile, ChatGPT presented a more bullish perspective, projecting XRP could trade between $5 and $8 in 2025, depending on market trends and Ripple’s progress in securing institutional partnerships. 

The chatbot attributed this expected growth to increasing adoption, potential legal resolutions, and a broader market rally. In 2026, it sees a price range of $6 to $12, with an expansion in banking partnerships and potential integration with central bank digital currencies (CBDCs).

Interestingly, by 2027, ChatGPT anticipates XRP could reach values between $10 and $20, particularly if ISO 20022 financial messaging standards become adopted, leading to broader institutional use. 

The upward trajectory continues into 2028, with potential prices ranging from $15 to $30. This increase is based on the belief that banks, remittance firms, and fintech companies could increasingly rely on XRP for financial transactions.

XRP Price Predictions ChatGPT
XRP Price Predictions | ChatGPT

As the years progress, ChatGPT sees XRP prices ranging between $25 and $50 by 2029. If Ripple strengthens its position in cross-border payments, XRP could rival traditional systems such as SWIFT, gaining mass adoption.

By 2030, ChatGPT’s most optimistic scenario suggests XRP could exceed $100, provided it achieves widespread dominance in remittances, DeFi, and CBDC integrations.

Can XRP Reach These Levels?

Several factors will determine whether these predictions materialize. The resolution of Ripple’s ongoing legal challenges could play a major role, as a favorable outcome may encourage more financial institutions to embrace XRP. While projections vary, the general sentiment remains positive.

Additionally, the emergence of an XRP ETF, along with possible government-backed integrations, could boost demand and liquidity. The broader market cycle will also be a key influence, as bullish conditions typically drive higher valuations across the crypto industry. 

Here’s How Much Dogecoin Must Rise for Retirement if You Hold 50,000 DOGE

Abdulkarim Abdulwahab
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0
Here’s How Much Dogecoin Must Rise for Retirement if You Hold 50,000 DOGE

Dogecoin would have to appreciate by a large margin for DOGE investors holding 50,000 tokens to retire comfortably.

Despite its meme origin, Dogecoin has risen in rank over the years to become one of the top ten most valuable crypto assets. Given its prominence and historical performance, some now see Dogecoin as a potential path to financial freedom.

In light of this, The Crypto Basic examined how high Dogecoin’s price would need to soar for those holding 50,000 DOGE tokens to attain retirement comfortably.

Retiring on 50,000 Dogecoin

The amount one considers sufficient for retirement varies from individual to individual and depends on factors like location and lifestyle. For some, the goal might be as modest as $100,000. Others may aim for a higher threshold, like $1 million.

This realization forms the foundation for determining what Dogecoin price targets to aim for retirement.

At today’s price of $0.2065 per Dogecoin, 50,000 DOGE holdings are worth $10,325. For those targeting retirement with $100,000, the value of this portfolio needs to expand by about tenfold.

Specifically, if Dogecoin reaches a $2 price point, this 50K holding would grow to $100,000, a payout sufficient for some to retire comfortably.

What About Higher Targets?

Meanwhile, for those aiming for a more substantial retirement fund, such as $250,000, the required price of Dogecoin would need to rise even further.

At a $5 price per DOGE, a 50,000 DOGE portfolio would be worth $250,000. This threshold requires the price of Dogecoin to soar by 2,321%. While this is formidable, Dogecoin has already posted such impressive price surges in previous market cycles.

Similarly, those with an even higher goal, such as $500,000, would need Dogecoin to hit $10 per coin. That’s a 48-fold increase from today’s price. While historical performance suggests this is possible, many wonder if it could become a reality as Dogecoin has now already matured into a multi-billion-dollar asset.

The Big Dream: $1 Million and Beyond

However, for those dreaming big with Dogecoin, the ultimate goal of $1 million would require Dogecoin to reach $20 per coin. That’s 97 times its current value.

For even higher aspirations, such as $5 million, Dogecoin would need to hit $100. Although it appears unlikely, it’s not entirely out of the question, considering the explosive price movements DOGE has seen in the past.

Timeline for Dogecoin to Hit $5, $10, $20, and $100

Market analysts are unanimous that Dogecoin could surpass $1 in this cycle. Nonetheless, recent bearish performance has raised doubts about this outlook.

While many see $1 to $2 as “realistic targets,” there is disagreement about whether Dogecoin’s bull run could send it into the double-digit range of $10 and beyond.

According to analyst Ali Martinez, Dogecoin could hit $10 to $40 this year or before the end of this cycle. However, Telegaon analysts suggest it could take Dogecoin another four years to break into the $10 range.

Changelly exchange analysts are even more conservative, suggesting a 2040 timeline, which is 15 years away.

As for the $100 price point, Telegaon does not believe Dogecoin could ever reach that level. On the other hand, Changelly exchange analysts suggest it could happen in nearly three decades’ time.

Early Ethereum Investor Dumps 14K ETH, Nets $29M Profit

Lele Jima
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0
Early Ethereum Investor Dumps 14K ETH, Nets $29M Profit

An early Ethereum whale reportedly sells 14,000 ETH through the leading crypto trading algorithm platform, Wintermute OTC. 

The transaction, valued at approximately $31.92 million, occurred yesterday, February 27, at 22:58 (UTC). Data from blockchain analytics platform Arkham Intelligence shows that the user behind the wallet, 0x95B…A90e7, transferred 14,000 ETH to Wintermute OTC in two separate transactions containing 7,000 ETH. 

Ethereum Whale moves 14K ETH tto Winternute
Ethereum Whale moves 14K ETH to Winternute

Source of Funds

It bears mentioning that the 14,000 ETH originated from an ancient Ethereum address, 0x035…8dFC7, which scooped 35,932 ETH in the past. 

Specifically, this early Ethereum address acquired the assets at an average price of $203.22 per coin between September 2016 and December 2018, totaling $7.3 million. 

Since accumulating Ethereum, the source address has been transferring the funds to different blockchain wallets. Some of these addresses have also interacted with Wintermute OTC over the years.  

Whale Nets Over $29M in Profit

Notably, crypto assets transferred to Wintermute OTC are usually sold for stablecoins. This suggests the whale may have profited $29.07 million by selling the 14,000 ETH. 

Following the transaction, the wallet currently has a balance of 0.515 ETH, worth $1,093. On the other hand, the source address still holds 49.562 ETH ($105,140). 

Ethereum Sees Massive Selloffs 

The transaction comes as the broader crypto market continues to experience significant downturns, spreading panic among investors. Yesterday, the Fear and Greed Index dropped to a multi-year low of 10, suggesting that the market was in extreme fear. 

This was driven by the massive selloffs across the market, with whales and institutions selling 8,074 ETH within 13 hours at an average price of $2,431. 

While investors were still recuperating from the dump, prominent asset manager BlackRock transferred 30,280 ETH ($71.85 million) to Coinbase, hinting at potential sales. The transaction aligns with BlackRock’s iShares Ethereum Trust (ETHE) registering an outflow of $70 million.

Other Ethereum spot ETF issuers saw significant outflows this week besides BlackRock. For instance, Grayscale Investments and Fidelity sold a combined $24.5 million worth of ETH tokens.

Meanwhile, the Fear and Greed Index currently stands at 21 as the market gradually recovers from yesterday’s selloff. ETH is currently trading at $2,179, marking a decline of 5.91% in the past 24 hours and 22.33% in the past week.  

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