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Expert Explains XRP 1,000X Scale of Opportunity with RLUSD

Abdulkarim Abdulwahab
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Expert Explains XRP 1,000X Scale of Opportunity with RLUSD

Austin King, co-founder of Omni, recently shared a deep dive into the far-reaching potential of Ripple’s RLUSD stablecoin and how it could revolutionize the XRP Ledger.

Ripple’s RLUSD initiative is quickly becoming one of the most exciting developments in crypto. Industry expert Austin King has argued that the real opportunity at stake is far more enormous than most realize. 

According to King, Ripple’s strategy to scale XRP could unlock over 1,000 times more value than simply introducing a stablecoin. He went on to provide a breakdown of the vision that is already beginning to materialize.

RLUSD Launch is Just the Beginning of a Massive Opportunity for XRP

First, Kings pointed out that the RLUSD stablecoin on the XRP Ledger has already exceeded a turnover of $300 million. He explained that many financial teams are working with OMNI to incorporate RLUSD into their products. 

He hinted that this integration is setting the stage for a far more extensive expansion in the coming months and years. “While this is all exciting, it is just the tip of the iceberg,” he said.

According to Kings, the strategy Ripple is pursuing unfolds in clear, progressive steps. Specifically, it started with the initial launch of RLUSD and is now expanding to much larger assets in the traditional finance world. 

Last week, Ondo Finance announced its plans to launch tokenized treasury bills on the XRP Ledger. According to Kings, this move signals the next phase of Ripple’s growth plan.

Ripple’s Vision: From Tokenized Assets to Trillions in Traditional Finance

King breaks down Ripple’s multi-step strategy for growth:

  • Prove tokenization technology with RLUSD.
  • Expand with low-risk tokenized assets like T-bills worth low trillions.
  • Scale to tokenize debt and equities, which represent tens of trillions.
  • Expand further into tokenized derivatives and beyond, potentially bringing more trillions into the on-chain economy.

According to King, Ripple’s strategy is to bring trillions from traditional finance onto the XRP Ledger. He believes this sets the stage for a transformative impact on the broader financial ecosystem. 

In particular, as the value of tokenized assets grows, OMNI will expand these assets across the on-chain economy, driving more institutions to tokenize and transfer assets via XRP.

The 1,000x Opportunity: The Flywheel Effect

Meanwhile, King’s “1,000x opportunity” isn’t just about XRP capturing a bigger slice of the stablecoin market. He argued it’s about creating a flywheel effect where XRP will continue to tokenize more assets. 

In parallel, OMNI will help push those tokenized assets across the on-chain economy, incentivizing more institutions to tokenize their assets on XRPL.

King believes this flywheel effect will drive massive adoption, making XRP the centerpiece of a revolution in the global financial system.

Solana Whales Diversify: The Hidden Altcoins They Won’t Stop Buying

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Solana Whales Diversify: The Hidden Altcoins They Won’t Stop Buying

In the wake of a bullish market surge, influential investors from the Solana community are subtly adjusting their portfolios. The focus has shifted towards lesser-known cryptocurrencies, stirring curiosity in the crypto world. These secretive acquisitions hint at potential trends, leaving others to wonder about the reasons behind these strategic moves. The details of this intriguing investment behavior remain closely guarded secrets.

Catzilla: Unleashing a New Era in Meme Coins

Greed? Challenged!

Crypto manipulators? Confronted!

Scammers? Exposed!

Catzilla, the ultimate hero in the world of DeFi, is here to take on corrupt systems and promote financial opportunities for all! With a spirit of innovation and community, Catzilla brings together crypto enthusiasts, meme fans, and investors in a collective pursuit of financial growth.

Moving Beyond Short-Term Projects

We’re committed to long-term value and growth. While others may offer empty promises, Catzilla aims to provide substantial potential with a structured presale starting at $0.0002 and progressing to $0.0016 over 14 stages. Early participants are able to grab the $CATZILLA token with a jaw-dropping 88% discount!

Triple Utility Benefits

The $CATZILLA token offers multiple utilities to enhance your crypto experience!

  1. Governance – Participate in shaping Catzilla’s future through community decisions.
  2. Incentives – Earn rewards for your engagement and support.
  3. Staking – Hold and stake your $CATZILLA tokens to potentially earn passive income.

Catzilla aims to create a new environment for those eager to join a collaborative and innovative crypto community. Whether you’re an experienced investor, a fan of memes, or someone who enjoys combining fun with financial opportunities, Catzilla offers a platform where creativity meets potential.

Join Catzilla in the journey toward a more transparent and inclusive crypto space! Together, we’ll explore new possibilities and aim for new heights!

Get your $CATZILLA and be part of the movement!

Sui (SUI) Riding Waves: Analyzing Its Next Move

Sui is currently trading between $3.54 and $4.52, showing mixed signals. The coin has a support level at $3.22, indicating potential stability if it dips. With a resistance level at $5.16, breaking through this could lead to an optimistic rise. The 100-day simple moving average at $3.91 suggests a solid foundation. Sui’s RSI of 56.50 indicates a balanced market sentiment. The stochastic at 71.12 echoes potential upward momentum. If Sui breaks past the second resistance level at $6.14, this could mean a surge of over 30%. The recent 6-month price leap of 588.70% hints at strong growth potential in the coming days.

Aptos Price on the Verge of a Breakout

Aptos (APT) hovers between $7.34 and $8.79, showing signs of momentum. The 10-day simple moving average stands at $8.01, with the 100-day at $7.59, suggesting bullish potential. The nearest resistance is at $9.75, and, if broken, Aptos could aim for $11. Key support is $6.85. With an RSI of 65.24, the coin is close to the overbought zone, indicating possible upward pressure. Over six months, Aptos surged by 45.53%, pointing to growth potential. Short-term drops have not shaken long-term gains, hinting at a possible rise. Aptos is waiting for a spark that could lead to a breakout into higher levels soon.

IOTA Set to Soar: Perfect Conditions for a Breakout

IOTA is showing signs of a breakout. Its current price is between $0.29 and $0.35. In the short term, it needs to overcome the $0.39 resistance. This will pave the way to test the $0.44 level. IOTA’s RSI is 61, indicating potential for upward movement. The 6-month growth of nearly 133% hints at imminent bullish momentum. Its 10-day moving average is above the 100-day, supporting a positive trend. Overall, IOTA looks ready to surge if market conditions align, with future gains possibly around 20% in upcoming waves. Keep an eye on a push past $0.39 as a signal for more significant growth.

Conclusion

While SUI, APT, and IOTA show less short-term potential, Catzilla stands out as the ultimate meme coin aiming to bring financial freedom to all. With a 700% ROI potential during its presale and triple utility features, it unites crypto enthusiasts to join the fight against crypto villains by acquiring $CATZILLA tokens.

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

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

Here’s Why You Need to Hold 1,000 to 5,000 XRP

Abdulkarim Abdulwahab
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0
Here’s Why You Need to Hold 1,000 to 5,000 XRP

Holding 1,000 to 5,000 XRP could present a life-changing opportunity as speculation grows that Ripple’s escrowed XRP may help offset the U.S. national debt.

Now more than ever, XRP proponents strongly believe in the future potential of their beloved tokens. Ripple continues to push for XRP’s in U.S. national financial discussions, including meetings with the new administration.

Recently, Ripple CEO Brad Garlinghouse revealed that he has had direct conversations with U.S. President Donald Trump about the value of blockchain technology. One of Garlinghouse’s key advocacies is the creation of a U.S. strategic crypto reserve that could include Bitcoin, XRP, and other assets.

With the potential for XRP to be part of a proposed U.S. crypto reserve, many are speculating about the potential price of XRP and how holders could benefit from such a move.

Meanwhile, some believe XRP could help address the U.S. national debt if adopted as a strategic reserve. They argue Ripple’s 37.7 billion XRP in escrow could serve that purpose. 

For context, this escrowed XRP is worth approximately $114 billion, based on XRP’s current price of $3.02 per token.

However, the U.S. national debt currently stands at $36.22 trillion. At its current valuation, Ripple’s $114 billion in escrowed XRP wouldn’t be enough to offset the national debt. Essentially, XRP’s unit price would need to rise exponentially for this hypothetical scenario to become a reality.

For Ripple’s escrowed XRP to reach the $36.22 trillion value of the U.S. national debt, XRP’s price would need to rise to $960 per token. Given XRP’s current price of $3.02, this would require an extraordinary growth of 31,688%.

Could XRP Soar 31,688% to $960?

With President Trump starting a four-year term, for XRP to hit a $960 price by the end of this period, it would need to register a compound annual growth rate (CAGR) of 373%. In other words, XRP would need to increase by 373% each year for the next four years to reach $960.

Currently, XRP has posted a one-year performance of 513%. Yet, it remains uncertain whether it can maintain such growth over the next four years.

XRP one year perfomance
XRP one-year performance

What Holding 1,000 to 5,000 XRP Could Mean

For XRP holders, this scenario is enticing, as it could lead to life-changing sums. Specifically, those holding between 1,000 and 5,000 XRP could see their portfolios grow into multimillion-dollar fortunes.

For context, 1,000 XRP is worth $3,020 today. In the scenario where XRP posts a consistent 373% annual growth over the next four years, reaching a price of $960 per token, this portfolio would be worth $960,000.

For those holding 5,000 XRP, currently worth $15,100, this investment could balloon to approximately $4.8 million.

Clarifications

However, it’s important to note that the idea of the U.S. taking over Ripple’s escrowed XRP for use as a strategic reserve or to offset national debt is purely hypothetical. While some community members champion this discussion, it remains uncertain whether it could drive XRP’s price to soar.

Additionally, the U.S. government has not yet taken a definitive stance on whether it will establish a crypto strategic reserve.

The presidential task force, headed by crypto czar David Sacks, is currently assessing the potential benefits of such a move. Notably, the group will provide recommendations to the president within the next six months.

Here is How High DOGE Can Rise if It Gets 50% of BTC Inflows, As Grayscale Files for Doge ETF

Sam Wisdom Raphael
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0
Here is How High DOGE Can Rise if It Gets 50% of BTC Inflows, As Grayscale Files for Doge ETF

With Grayscale filing for a Dogecoin ETF, the Dogecoin price could skyrocket tremendously if the product captures only 50% of Bitcoin ETF inflows after approval.

Grayscale Investments has introduced the Grayscale Dogecoin Trust, looking to provide institutional and accredited investors with exposure to Dogecoin. Following this launch, the firm promptly filed with the U.S. Securities and Exchange Commission (SEC) to convert the trust into a spot exchange-traded fund (ETF). 

The move syncs with Grayscale’s push to expand its crypto offerings. Recall that the company made similar moves with Bitcoin and Ethereum, filing to convert its BTC and ETH Trusts to ETFs with the SEC. Interestingly, Grayscale also recently carried out these steps with its XRP Trust.

Notably, the Grayscale Dogecoin Trust will track Dogecoin’s market price, presenting investors with a regulated avenue to gain exposure to the meme coin without direct ownership. Currently, the trust is available for subscription to eligible accredited investors and will transform to an ETF following the SEC’s approval.

Dogecoin Price if Its ETFs Attract 50% of Bitcoin ETF Inflows

This filing is one of several efforts from different assets managers to introduce Dogecoin ETFs. Should these products see the light of day, they could attract more institutional capital into the Dogecoin market, impacting DOGE price positively.

For context, this trend played out with Bitcoin, with the sustained flows into Bitcoin ETFs pushing the BTC price to a new all-time high before a halving event for the first time ever. Specifically, these Bitcoin ETF products have recorded $40.5 billion in capital inflows since they launched in January 2024.

Notably, if Dogecoin ETFs witness only 50% of these inflows, this could have massive implications for prices. Particularly, 50% of the Bitcoin ETF inflows amounts to $20.25 billion. Applying the BoA 118x inflow-to-valuation multiplier leads to an additional market cap of $2.39 trillion for DOGE.

Meanwhile, market data confirms that Dogecoin currently boasts a market cap of $47.6 billion. An addition of $2.39 trillion would lead to a total valuation of $2.86 trillion. Now, considering Dogecoin’s circulating supply of 147.8 billion, a $2.86 trillion market cap translates to a price of $19.34. This would mark a 5,895% increase from the current price of $0.3226.

However, it bears mentioning that there is no guarantee that Dogecoin ETFs would record such a substantial amount of capital. For instance, Ethereum ETFs have only seen $2.76 billion inflows despite existing since July 2024.

Dogecoin ETF Race Heating Up

Nonetheless, the ETF race for Dogecoin appears to be heating up. In a related development, Bitwise also filed an S-1 form with the SEC to establish a Dogecoin ETF. 

Notably, Wintermute, a prominent crypto market maker, had earlier predicted that a major asset manager would launch a meme coin ETF in 2025, with Dogecoin being the likely candidate. This forecast has now materialized with Grayscale’s recent filing.

Want To Build Millionaire Portfolio? Catzilla And 3 Altcoins Set For Liftoff This Year

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Want To Build Millionaire Portfolio? Catzilla And 3 Altcoins Set For Liftoff This Year

As the crypto market heats up, certain altcoins capture the spotlight with promising growth potential. Among these, intriguing options emerge that could significantly boost a portfolio’s value. Insights into market dynamics suggest these digital assets may be poised for rapid ascent, tempting investors with the allure of substantial wealth gains. This article uncovers four standout contenders for strategic investment.

Catzilla: Roaring Into the Meme Coin Arena With Unmatched Profit Potential

In the ever-evolving world of meme coins, new contenders constantly emerge, and Catzilla is positioning itself as an ambitious player. Drawing inspiration from successful tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla aims to blend viral meme culture with significant financial growth. What sets Catzilla apart is its unique storytelling—a giant, Godzilla-like cat wreaking havoc, which taps into the chaotic energy of Japanese kaiju culture. This game-based narrative not only engages gamers but attracts crypto investors looking for the next big thing.

With a fiery combination of anime-inspired chaos and a rebellious mission, Catzilla is rallying crypto enthusiasts and cat lovers, and anime fans to join its movement for a more equitable, decentralized crypto space.

Catzilla is Ready to Disrupt the Market!

Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises.

Unlock Triple Value for Maximum Gains

Catzilla operates on a threefold value proposition: epic gameplay, a unifying mission, and a vibrant community. Players can enjoy a thrilling game experience while earning rewards, all while being part of a growing movement that merges the fun of meme culture with the potential for financial freedom.

Join the Catzilla Revolution

Catzilla positions itself as a symbol of resistance against the greed and manipulation often seen in the crypto world. By embracing its bold and monstrous persona, Catzilla seeks to restore the playful, decentralized nature of meme coins while ensuring a fair and transparent ecosystem for its users.

Join the Feline Frenzy! $CATZILLA Is on the Rise. Claim Your Share Today!

Ethena Poised for Breakout Amid Bullish Momentum

Ethena (ENA) shows potential for a price surge. Currently trading between $0.71 and $0.91, it has solid support at $0.64. The RSI at 62.01 and stochastic at 83.98 suggest room for growth. With a historical rise of 157.08% over six months, ENA is demonstrating strength. The simple moving average over 10 days at $0.77 is above the 100-day average of $0.73, indicating a bullish trend. If ENA can break past the $1.04 resistance, it might climb towards $1.24, marking a significant gain. Watch for a shift in momentum, as ENA could spark the next big move in this anticipated altcoin season.

Uniswap Poised for Breakout with Bullish Momentum

Uniswap’s price is currently within the lower $10s to mid-$13s range. The nearest resistance stands above $15, while support is just over $9. Recent fluctuations show a slight downward trend, but the longer 6-month changes highlight growth. This indicates potential resilience. Crucially, the Simple Moving Averages are supportive, and a Relative Strength Index of over 65 suggests bullish momentum. Uniswap has the potential to rally towards $19, which is nearly 40% higher than its current top range. The Stochastic Indicator, hovering near 90, also shows strong upward potential. If overall market conditions align, Uniswap could rise above its recent levels. The signs point to a possible breakout in the near future.

Sui Poised for Growth: Climbing Past Resistance Points

Sui (SUI) is showing an interesting trend. The coin is trading between $3.54 and $4.52. It’s testing the $5 resistance level. If it breaks through, it could head towards the second resistance at $6.13. The 10-day moving average of $4.18 is above the 100-day moving average of $3.90, hinting at upward momentum. The RSI at about 62 shows there’s room to grow before hitting overbought territory. Over the past 6 months, Sui has skyrocketed by nearly 600%. Even with this week’s slight dip of 1.62%, the stage could be set for further gains. Hold on, because Sui might climb even higher!

Conclusion

While ENA, UNI, and SUI may have less short-term potential, Catzilla emerges as a standout, aiming to bring financial freedom to all. With a projected 700% ROI during its presale from $0.0002 to $0.0016 over 14 stages, Catzilla offers governance features, loyalty rewards, and staking options, uniting crypto enthusiasts in the fight for financial empowerment.

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

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

Whale Wallets Are Loading Up On This Underrated Altcoins. Here’s Why

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Whale Wallets Are Loading Up On This Underrated Altcoins. Here’s Why

Key investors are quietly accumulating significant holdings of lesser-known cryptocurrencies. This trend is gaining attention as these hidden gems show promising potential. The current strong market momentum could magnify the impact of these strategic buys. Spotlight is on which altcoins are being prioritized and the factors contributing to this growing interest, setting the stage for captivating developments ahead.

Catzilla: Unleashing a New Era in Meme Coins

Greed? Challenged!

Crypto manipulators? Confronted!

Scammers? Exposed!

Catzilla, the ultimate hero in the world of DeFi, is here to take on corrupt systems and promote financial opportunities for all! With a spirit of innovation and community, Catzilla brings together crypto enthusiasts, meme fans, and investors in a collective pursuit of financial growth.

Moving Beyond Short-Term Projects

We’re committed to long-term value and growth. While others may offer empty promises, Catzilla aims to provide substantial potential with a structured presale starting at $0.0002 and progressing to $0.0016 over 14 stages. Early participants are able to grab the $CATZILLA token with a jaw-dropping 88% discount!

Triple Utility Benefits

The $CATZILLA token offers multiple utilities to enhance your crypto experience!

  1. Governance – Participate in shaping Catzilla’s future through community decisions.
  2. Incentives – Earn rewards for your engagement and support.
  3. Staking – Hold and stake your $CATZILLA tokens to potentially earn passive income.

Catzilla aims to create a new environment for those eager to join a collaborative and innovative crypto community. Whether you’re an experienced investor, a fan of memes, or someone who enjoys combining fun with financial opportunities, Catzilla offers a platform where creativity meets potential.

Join Catzilla in the journey toward a more transparent and inclusive crypto space! Together, we’ll explore new possibilities and aim for new heights!

Get your $CATZILLA and be part of the movement!

Immutable X: Enhancing NFT Transactions on Ethereum

Immutable X is a layer-2 solution for Ethereum, tailored specifically for NFTs. It offers instant trade confirmations and very low gas fees for minting and trading. The platform uses Zero-Knowledge Rollup technology, enabling up to 9,000 transactions per second, which boosts scalability. It is designed for energy efficiency and ensures NFT transactions are 100% carbon-neutral. IMX is the native ERC-20 token, functioning as both a utility and governance token. It is used for transaction fees and to encourage platform use. IMX holders can earn rewards by staking and take part in governance to influence the platform’s future. The technology and goals behind Immutable X have potential, especially in the booming NFT market.

Sei: Layer 1 Blockchain for Trading

Sei is a unique Layer 1 blockchain designed specifically for trading. It is built to handle many orders quickly, with transactions completing in just 380 milliseconds. Sei focuses on security, aiming to be supported by large institutions. This specialization could offer a significant edge to exchanges using it. The technology’s potential is evident in its projected growth, with possible substantial value increases by 2030. In the current market, Sei’s focus on fast and secure trading makes it an appealing option for those interested in blockchain technology dedicated to financial transactions.

Movement Network: Bridging Move and EVM Ecosystems

Movement Network is an innovative blockchain platform focused on modular Move-based blockchains. It allows developers to create secure, high-performance applications that can communicate seamlessly across different blockchain systems. This network is notable for being the first Move-EVM Layer 2 solution for Ethereum, providing tools and protocols to popularize the Move programming language. Movement Network is supported by major investors like Polychain Capital, Binance Labs, and others. The platform aims to enhance interoperability and promote Move-based technologies within the Web3 landscape. Its association with influential backers and pioneering technology positions the coin as an attractive prospect in the current blockchain market landscape.

JasmyCoin: Restoring Data Sovereignty with IoT and Blockchain

JasmyCoin (JASMY) is a cryptocurrency from a Tokyo-based company, Jasmy Corporation. The project combines Internet of Things (IoT) technology with blockchain to secure personal data. It allows users to control their information fully and facilitates safe data exchange. Jasmy aims to foster a secure environment for sharing data between IoT devices like computers, cars, and phones. The system uses edge computing and IPFS for decentralized data storage. The project is committed to democratizing data, turning it into a personal asset. Service providers can use this data to promote services while ensuring data protection and ownership for users. JasmyCoin supports building a user-friendly and secure data infrastructure.

Conclusion

Although coins like IMX, SEI, MOVE, and JASMY may offer less short-term potential, Catzilla emerges as the ultimate meme coin hero aiming to bring financial freedom to all. With 700% ROI potential during its presale and triple utility—governance, rewards, and staking, Catzilla invites enthusiasts to join the fight against crypto villains.

Website

Twitter

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Telegram News

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

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

Grayscale Files for Dogecoin ETF with the NYSE

Elendu Benedict
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Grayscale Files for Dogecoin ETF with the NYSE

Once considered a mirage, the prospect of a Dogecoin ETF has gained massive momentum as Grayscale enters the race.

On Friday, the leading digital asset manager made swift steps to get into the race for a Dogecoin exchange-traded fund (ETF). Grayscale announced the launch of a trust tracking the meme coin’s performance earlier in the day.

The product offered institutional and retail investors access to a closed-end trust that presents alternative exposure to the leading meme coin. Notably, the investment vehicle has usually been Grayscale’s first play card in launching an ETF, as seen with Bitcoin and Ethereum.

Grayscale Files to Convert Trust to ETF

Typically, Grayscale submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC) later in the day to convert the recently launched Dogecoin Trust to an ETF.  The asset manager applied through the New York Stock Exchange (NYSE).

In a press release, Grayscale highlighted the changing tides within the Dogecoin ecosystem as a driving factor for the application. It suggested that the largest meme coin by market cap has transcended its joke-themed origin to become an integral asset in the crypto industry.

Particularly, the doggy-themed meme coin has transitioned to a global tool for financial inclusion, grassroots participation, and a viable means for blockchain-based settlements.

A Flurry of ETF Applications

Meanwhile, the Dogecoin ETF application mirrors a broader flurry of ETF filings among asset managers. Notably, this new reality emerged following the election of pro-crypto US President Donald Trump.

The president freshened things up in the regulatory sphere, starting by appointing Paul Atkins as the new SEC chair and an AI and crypto czar. His generally friendly stance towards the digital asset sector has loosened up the once-cautious industry, evident in the latest ETF filings.

Bitwise was one of the first to apply for a Dogecoin ETF, filing for the investment product earlier this week. The application followed other submissions, which have sparked skepticism among notable market analysts.

For context, Tuttle Capital submitted a 2x exchange-traded fund for XRP, Cardano, and Litecoin on Monday. What drew the attention of Bloomberg’s analyst, James Seyffart, was that the application sought the leveraged product for BNP and meme coins like TRUMP, MELANIA, and BONK.

Dogecoin Price Prediction: Here is Doge Price If Its Market Cap Hits $397B or $2.02T

Lele Jima
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Dogecoin Price Prediction: Here is Doge Price If Its Market Cap Hits $397B or $2.02T

Dogecoin will hit a new all-time high if its market cap soars to unprecedented levels like $397 billion or $2.02 trillion. 

Dogecoin’s performance over the past few weeks has been far from impressive. Despite the recent relief rally in the broader crypto market, the token has been trading around the $0.3 mark in the past few days. 

Dogecoin has experienced a slight decline of 0.2% in the past 24 hours and 0.68% over the past 30 days. However, it has incurred more losses in the past week, totaling 6.16%. 

Despite this decline, many investors are optimistic that Dogecoin will still record another major rally this cycle, as it did in the 2020/2021 bull market. 

Amid these projections, some wondered how high Dogecoin’s price will soar if its market cap soars to $397 billion or $2.02 trillion. It is worth mentioning that these valuations represent that of Ethereum (ETH) and Bitcoin (BTC), respectively.  

Dogecoin Price at Bitcoin and Ethereum Market Cap 

Therefore, we estimated the price of Dogecoin if its valuation equals that of the two largest cryptocurrencies in the world: Bitcoin and Ethereum. 

At press time, Dogecoin ranks as the eighth-biggest cryptocurrency, with a market cap of $48.41 billion. It is currently priced at $0.3274 per token. Its daily volume is up 36.61% to $1.75 billion, representing 3.61% of the global crypto trading volume.  

Currently, Dogecoin has a circulating supply of 147,861,546,383 (147.86 billion) tokens. 

Price of Dogecoin at Bitcoin Market Cap 

For context, Bitcoin remains the undisputed world’s largest cryptocurrency, with a market cap of $2.02 trillion. To equal Bitcoin’s market cap, Dogecoin would have to soar 4,072% from its current valuation of $48.41 billion. 

If DOGE embarks on a 4,072% rally and equals Bitcoin’s market cap, its price will rise to $13.65 per token, assuming its circulating supply remains stable at 147.86 billion tokens. 

At this projected price, a portfolio of 100,000 DOGE worth $32,740 at the current value of $0.3274 per token will skyrocket to $1.36 million. 

DOGE Price at Current Ethereum Market Cap 

Ethereum’s current market cap of $397.33 billion makes it the second-biggest cryptocurrency in the world. For Dogecoin to equal this market cap, it must rise 720% from its current valuation of $48.41 billion. 

Applying the same growth rate to Dogecoin’s price will push it to around $2.68 per token, assuming DOGE’s circulating supply remains relatively stable. 

At a price of $2.68, a portfolio of 100,000 DOGE will be worth $268,000 compared to its current value of $32,740. 

Can Dogecoin Rise to $2.68 or $13.65? 

Dogecoin must rise 720% and 4,072%, respectively, to reach the price targets of $2.68 and $13.65. Such astronomical rallies require Dogecoin to have broader utility and widespread adoption. 

The token could also achieve this feat if it is integrated into major payment networks, with more prominent figures beyond Elon Musk endorsing it for mass adoption from retail and institutional investors. 

Interestingly, institutions are showing significant interest in Dogecoin, as reflected in the number of ETF applications submitted by prospective issuers, like Bitwise.

Interestingly, analysts affiliated with the crypto trading platform Changelly believe that Dogecoin can hit the $2.68 target by September 2032, nearly eight years from now. However, they expect DOGE to wait another eight years before it hits the $13.65 target by 2040. 

Whether DOGE will ever soar to $2.68 or $13.65 in its lifetime remains to be seen. 

 

More Upsides? XRP Records Highest-Ever Monthly Close

Elendu Benedict
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0
More Upsides? XRP Records Highest-Ever Monthly Close

Bullish momentum continues escalating in the XRPL ecosystem as the asset records its highest-ever monthly closing in its over 14-year history.

XRP came the closest to a new all-time high in over seven years in the just-concluded month. The asset surged to an intra-month high of $3.39 on January 16 but failed to finally breach its historic price top.

Although it did not break into new price discovery, XRP made history last month. Analyst Mr. Xoom shared that the crypto asset recorded its highest-ever monthly closing in January.

XRP Makes History

When XRP surged to its all-time high in January 2018, this uncharted territory sparked a massive correction. The XRPL native token retraced 68.3% from the high, closing the month at $1.1240.

The high-caliber asset continued the downside in the next month, retesting the support around $0.2700. XRP continued to trade around the region until a breakout in 2021. After this breakout, it hit a peak of $1.98 in April 2021 but lost momentum swiftly, underperforming for three years before its big break last November.

Now, the XRPL native token has regained bullish traction amid strong ecosystem and macroeconomic boosts. The resignation of regulatory tyrant Gary Gensler following Donald Trump’s win and positive events like the Ripple-USD (RLUSD) creation have reinstated an upward trajectory.

After an impressive 282% and 7% price upswing in November and December, XRP recorded its highest-ever closing in January, having closed the month at $3.0359.

XRP Records Highest Monthly Closing

Speculations of New All-Time High Intensify

With January’s almost 46% upside, optimism that XRP would finally breach its ATH has gained momentum. The monthly closing excited the community, especially as it invalidated a shooting star candlestick following December’s over 28% rejection from a price high of $2.9070.

For context, market veteran Peter Brandt acknowledged the bullish momentum in the XRP chart, predicting an over 45% surge to $4.4. Notably, he based his predictions on an impending breakout from a flag pattern.

Furthermore, expert Egrag Crypto speculated an even higher price push to $31. He insisted that a surge to between $27 and $31 is realistic and between $8 and $13 conservative, citing XRP’s break above the Bull Market Support Band (BMSB).

In the meantime, XRP trades at $3.0214, correcting slightly from the historic January close.

Cardano Founder Takes Fresh Dig at Circle as Feud Drags On

Elendu Benedict
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Cardano Founder Takes Fresh Dig at Circle as Feud Drags On

Cardano founder Charles Hoskinson has launched a fresh attack on prominent stablecoin issuer Circle, noting that its activities harm the crypto market.

Hoskinson has a history of criticizing erring chains and establishments, which has earned him friends and enemies alike. In a recent post, he made derogatory comments about Circle’s operations, dragging on the latest controversy surrounding the issuer.

Hoskinson Renews Circle Feud

He criticized the second-largest stablecoin issuer for harming the industry through its operations. According to the founder, the Cardano ecosystem is better off as it did not integrate the stablecoin into its network.

Specifically, he lambasted Circle for its behavior during hard forks, a process where network operators make significant changes to the blockchain to upgrade its efficiency as it correlates with their roadmap.

Hoskinson highlighted that Circle barely aligns with the visions of its hosts and gets to choose whether to support a hard fork or not. He supported his claims with the situation seen in the Ethereum network.

For context, in Ethereum’s transition from the Proof of Work consensus to Proof of Stake in 2022, Circle noted that USDC will only operate on the new consensus. Furthermore, the firm insisted it would not support any PoW forks that emerged from the transition.

Cardano Founder’s Epic Circle Disclosure

Meanwhile, Hoskinson’s recent post trailed an update from Cardano Foundation’s CEO, Frederik Gregaard, on a discussion with Circle. He disclosed meeting with Circle’s executive in the UAE to discuss a possible integration but failed in the course.

Nonetheless, Hoskinson mentioned earlier that the Cardano Foundation turned down a $3 million deal to add support for USDC in 2021. In a tweet, he disclosed that the Foundation, led by former CEO John MacPherson, rejected the offer only to see a preposterous figure when it picked it up years later.

Furthermore, he noted that Input Output Hong Kong (IOHK) was not involved in the negotiation and had no say in USDC’s integration into the ecosystem.

Hoskinson Teases RLUSD Partnership

Meanwhile, the Ethereum co-founder seems more focused on bringing the Ripple-USD (RLUSD) to the Cardano ecosystem than Circle’s USDC. He again recently talked up the ploy in a comment, stating he has actively discussed it with the Ripple team and hopes for a fruitful outcome.

The Crypto Basic reported a meeting between Hoskinson and Ripple representatives, including CEO Brad Garlinghouse and CTO David Schwartz. The discussion featured several topics, with the Cardano founder hinting that the RLUSD launch was one of them.

Moreover, XRPL dUNL validator Vet supported a Ripple-Cardano partnership. He tapped Hoskinson to accelerate the collaboration and not rely on Circle.

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