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BlackRock CEO Says Bitcoin Price Could Hit $700K as Sovereign Wealth Funds Consider Buying

Albert Brown
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BlackRock CEO Says Bitcoin Price Could Hit $700K as Sovereign Wealth Funds Consider Buying

At the World Economic Forum (WEF) in Davos, BlackRock CEO Larry Fink suggested that sovereign wealth funds could Push Bitcoin to $700,000. 

In an interview with Bloomberg, Fink stated that large institutional investors might turn to Bitcoin as a hedge against economic and political instability. He noted that some wealth funds actively considered Bitcoin allocations ranging from 2% to 5% of their portfolios.

Institutional Interest in Bitcoin as a Hedge

Fink outlined that sovereign wealth funds increasingly view Bitcoin as an international asset capable of mitigating local financial risks. He emphasized that concerns over currency debasement and economic uncertainty drove discussions around Bitcoin’s role in institutional portfolios. 

According to Fink, some sovereign funds have already initiated conversations on whether to allocate a small percentage of their assets to Bitcoin, which could significantly boost its price. He suggested widespread institutional adoption at such levels could push Bitcoin’s value to between $500,000 and $700,000.

Notably, the company’s head of digital assets, Robert Mitchnick, previously echoed this sentiment in a separate interview.

In a January 15 report, he stated that Bitcoin adoption among institutional investors was still in its early stages. Mitchnick highlighted that more wealth advisors and institutions were beginning to explore exposure to Bitcoin through BlackRock’s iShares Bitcoin Trust (IBIT), which could further expand its institutional reach.

BlackRock’s Bitcoin ETF Success

BlackRock played a key role in the rapid growth of Bitcoin ETFs in 2024. The company’s IBIT ETF emerged as one of the most successful ETF launches in history, attracting $37.25 billion in assets within its first year. 

This figure placed it third on the final Top 20 ETF Leaderboard for the year. Moreover, Bitcoin ETFs contributed significantly to total net ETF inflows, which reached a record $1.14 trillion in 2024.

Bitcoin and Ethereum ETFs See Strong Inflows

To this date, Bitcoin ETFs continue to see notable inflows compared to Ethereum. As of January 22, net inflows into the ten Bitcoin ETFs totaled 6,719 BTC, equivalent to approximately $700.94 million.

Notably, BlackRock’s iShares Bitcoin Trust accounted for a significant portion of these inflows, adding 6,208 BTC worth $647.67 million. Accordingly, the firm’s total Bitcoin holdings are now at 569,343 BTC, worth approximately $59.4 billion.

Ethereum ETFs also recorded steady inflows, with nine ETFs seeing a combined net flow of 18,108 ETH, valued at $59.59 million.

BlackRock’s Ethereum ETF contributed 16,959 ETH, worth around $55.81 million. The asset manager’s total Ethereum holdings reached 1,176,690 ETH, estimated at $3.87 billion.

SEC Gains New Support in its Appeal Against Ripple

Lele Jima
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SEC Gains New Support in its Appeal Against Ripple

Better Markets, a nonprofit organization focusing on building a secure life for Americans, has filed an Amicus Brief supporting the SEC in the Ripple lawsuit. 

The company filed its brief yesterday in the U.S. Court of Appeals for the Second Circuit. According to the brief, Better Markets faulted the district court’s decision in the Ripple case, particularly the court’s decision on programmatic sales of XRP. 

Better Markets’ Arguments 

The company highlighted three major arguments in the brief regarding why it believed Judge Analisa Torres erred in her ruling. 

First, it characterized XRP as a security, emphasizing that investors’ acquisition of the coin on trading platforms does not alter these characteristics. The nonprofit firm argued that these acquisitions satisfy the third prong of Howey- the expectation of profit based on the efforts of others. 

Additionally, Better Markets contended that Judge Torres’ decision conflicts with the Supreme Court’s Howey precedent and rulings from other courts. 

Furthermore, Better Markets faulted the district court for ignoring the economic realities regarding the offer and sale of XRP. In particular, the company claimed Judge Torres did not establish a link between Ripple’s efforts and investors’ expectations of profits. 

Notably, the firm criticized the court for not objectively appraising modern investors. It also accused Ripple of targeting retail investors and capitalizing on their expectation of profits based on its efforts. 

Lastly, Better Markets rebuked the district court for overlooking the harm investors may suffer if certain crypto assets deemed as securities are not subject to regulation. According to Better Markets, the district court’s decision protects sophisticated investors, leaving retail traders vulnerable. 

It is noteworthy that Better Markets has been supporting the SEC in its legal tussle against Ripple. Last year, its CEO Dennis Kelleher speculated that the SEC has a better chance of winning the appeal against Ripple, putting the odds at 90%. 

Attorney Hogan Reacts 

Meanwhile, pro-XRP legal expert Jeremy Hogan reacted to Better Markets’ amicus brief in the SEC v. Ripple lawsuit. Attorney Hogan lamented that reading Better Markets’ amicus brief was difficult because the company misconstrued the district court ruling. 

According to attorney Hogan, Judge Torres held that Ripple’s programmatic sales on digital exchanges were executed via blind bid/ask transactions. Hence, investors would not have known whether their payments went to other XRP sellers or Ripple. 

He noted that Ripple won the ruling on programmatic sales of XRP because investors did not know who they were buying the coin from. As a result, they could not have relied on the company’s efforts to make profits.  

Furthermore, Attorney Hogan criticized Better Markets for failing to address the district court’s reasoning rather than faulting the entire result. 

Upcoming Developments 

In the meantime, Ripple is expected to respond to the SEC’s opening brief submitted on January 15, 2025. Some legal experts, like Hogan, speculate that the Second Circuit will not rule on the appeal, suggesting that a new SEC leadership might drop the lawsuit. 

Discussions about a potential settlement of the case soared recently after the SEC scheduled its first closed meeting under acting chair Mark Uyeda. The meeting is expected to occur today at 2:00 p.m. (ET), with the agenda revolving around resolving litigation claims and settling injunctive actions. 

Expert Says Best is Yet to Come for Dogecoin, Forecasting a Massive 5,202% Rally

Sam Wisdom Raphael
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A market expert believes the ongoing Dogecoin bull run will eventually add up to a 5,202% price gain, insisting that the best is yet to come. 

Notably, Dogecoin (DOGE) was one of the standout performers at the start of the current bull market in Q4 2023, soaring 285% to $0.2288 by March 2024 and then by a more substantial 340% to a local peak of $0.4843 by early December 2024.

However, it appears this momentum has cooled, while Bitcoin (BTC) claims new all-time highs, with the latest being $109,300. This week, Dogecoin has dropped 0.82% despite the launch of Elon Musk’s Department of Government Efficiency (D.O.G.E) amid President Donald Trump’s inauguration.

Nonetheless, this bearish performance has not impacted the confidence of some analysts, including Zer0. In a recent disclosure, the market watcher contended that Dogecoin was not yet finished, asserting that the best is yet to come for the meme coin.

Dogecoin Historical Bull Run Performances 

His optimism comes from an observation of Dogecoin’s historical bull market performance since 2016. For context, over the years, the meme coin has observed a pattern where it sees an initial upsurge, records a subsequent pullback, and then engineers a second and more substantial rally.

This pattern first played out in early 2017, when Dogecoin rallied to a peak of $0.00054 in April 2017, and then collapsed 25% within the same month. After this pullback, DOGE witnessed a second and more substantial push to a top of $0.0187, representing a 9,226% rise from its lows.

Dogecoin 2W Chart Zer0
Dogecoin 2W Chart | Zer0

Data from Zer0’s chart confirms that Dogecoin again observed the pattern in the 2020/2021 bull run. Particularly, the meme coin soared to a high of $0.0138 in January 2021, faced a correction, and then rebounded to the all-time high of $0.74 by May 2021. This marked a 30,693% uptick from its lows.

DOGE Eyes $4.2 Price

Now, Zer0 believes Dogecoin is following the exact same pattern. Interestingly, DOGE recorded the initial upsurge when it rallied to the new three-year peak of $0.4844 in December 2024. However, it appears the meme coin is now observing the habitual pullback, which would set it up for a more substantial rally.

The market analyst expects this second rally to lead to the $4.2 price level, representing a new all-time high for Dogecoin. Such a price would mark a 5,202% increase from Dogecoin’s most recent lows in the ongoing cycle. 

Interestingly, market commentator Javier Santini holds the same belief. According to Santini, he expected the ongoing Dogecoin pullback, predicting that a rebound could push DOGE to the $4 price mark. However, his projected timeline was off, as he predicted this rebound to begin in the last week of December 2024.

Meanwhile, other analysts like Trader Tardigrade believe the meme coin has the potential to reach higher levels like $30. At press time, Dogecoin trades for $0.3515, defending the $0.35 region, but down 5.68% over the past 24 hours. 

CME Spokesperson Clarifies as Beta Website Shows Firm Aims to Launch XRP and SOL Futures Next Month

Sam Wisdom Raphael
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0
CME Spokesperson Clarifies as Beta Website Shows Firm Aims to Launch XRP and SOL Futures Next Month

The Chicago Mercantile Exchange (CME) appears to be preparing for the launch of futures contracts for XRP and Solana (SOL). 

The development was revealed through a publicly accessible beta version of the CME website, but a spokesperson has since clarified the situation. Notably, the release of these futures, reportedly slated for Feb. 10, hinges on regulatory approval, but official confirmation from CME remains pending.

This potential move comes amid a broader push for more regulated crypto products in the U.S. Interest in crypto exchange-traded funds (ETFs) has also been growing, with recent filings proposing the launch of multiple XRP and SOL ETFs as President Trump assumes office.

CME Beta Site Hints at XRP and SOL Futures Launch

The latest development first came to public light when crypto sleuth Summers shared details on X. He noted that the CME Group had updated its beta subdomain website with pages introducing XRP and SOL futures. 

Interestingly, data from the beta site suggested that the CME Group planned to launch these products on Feb. 10, pending regulatory review. Summers interpreted this as CME preparing for an imminent announcement. Recall that CME added support for XRP pricing information last July. 

James Seyffart, an ETF expert at Bloomberg, responded to Summers’ post. Seyffart noted that if the beta site was indeed a legitimate test version of the official CME website, the news made sense and could be expected. 

He added that if the beta information were accurate, CME likely intended to launch SOL and XRP futures as stated. However, Seyffart remained cautious and stressed that it is important to await an official announcement from CME to verify the claims. 

Additionally, the Bloomberg ETF expert pointed out the potential lapse in operational security, as he questioned why the beta site was publicly accessible.

In response, Summers explained that CME’s staging site consistently adds new products before formal announcements. According to him, he discovered the latest development during a routine monitoring effort on his end. 

CME Spokesperson Clarifies 

Meanwhile, earlier this morning, Eleanor Terrett, a reporter for FOX Business, confirmed that a CME Group spokesperson had clarified the situation, stating that the beta website was used for internal mock-ups and had been made publicly accessible in error. 

According to the spokesperson, the firm has not made any final decisions regarding the launch of futures contracts for XRP or SOL.

Responding to Terrett’s disclosure, Nate Geraci, the President of the ETF Store, noted that CME’s acknowledgment of the beta site being real adds to the possibility of future product launches. 

Notably, data from the page’s snapshot shows the firm plans to list XRP futures with a contract size of 50,000 XRP, while Solana futures were sized at 500 SOL. In addition, there appear to be plans to list Micro SOL Futures with a 25 SOL contract size and Micro XRP Futures with a 2,500 XRP contract size.

XRP and Solana Futures Contracts CME
XRP and Solana Futures Contracts | CME

Recall that in August 2023, amid calls for an XRP ETF launch, Seyffart contended that for any asset manager to receive approval for the launch of an XRP ETF, CME must first list XRP futures, treating the product as a commodity. This occurred for Bitcoin and Ethereum ETFs. 

Here’s How High XRP Price Could Have Gone if the SEC Lawsuit Never Happened

Abdulkarim Abdulwahab
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Here’s How High XRP Price Could Have Gone if the SEC Lawsuit Never Happened

Crypto podcaster Abdullah Nassif recently commented on the potential price of XRP, assuming the SEC lawsuit against Ripple never happened.

Notably, four years ago, in December 2020, the U.S. SEC took Ripple to court for allegedly selling unregistered securities in XRP tokens.

A week before the lawsuit, XRP traded at $0.6539. However, following the announcement of the suit on December 22, 2020, XRP’s price took a hit. Specifically, it crashed by over 50%, dropping to $0.2214 by the next day.

The price slump worsened over the subsequent days, bottoming at $0.1748. This was the lowest price XRP ever reached following the SEC lawsuit filing, according to CoinMarketCap data. From this point, the asset recovered, though the price remained within a confined range between $0.3 and $0.5.

Notably, from XRP’s pre-lawsuit high of $0.6539 in December 2020 to its lowest point of $0.1748 on December 29, 2020, the legal development caused a 73% drop in XRP’s price. For context, an investor who had $100K in XRP saw their portfolio drop to $26,756.

Fast forward to today, after XRP won the SEC lawsuit, the token is trading at $3.15. This marks a massive recovery of 1,338% from the lawsuit-induced lows of $0.1748.

What if the SEC Lawsuit Never Happened to XRP?

Meanwhile, XRP enthusiasts are now pondering what the current price of XRP might be if the SEC had never sued Ripple.

Widely followed market commentators, like Abdullah Nassif, have argued that XRP could be worth $12.80 per token. He derived this figure by drawing inspiration from Bitcoin’s performance after the 2020 halving.

XRP Potential Price Based on Mathematical Estimations

On the day the Bitcoin mining reward halved on May 11, 2020, XRP traded at a low of $0.1885. Three months later, it briefly rose to the $0.30 range. By November, XRP had surged by 307%, climbing from its low on Bitcoin halving day to a daily high of $0.768. 

Meanwhile, on December 22, 2020, when the suit was revealed, XRP traded at an intraday high of $0.5216. If the suit had never happened, XRP’s trajectory may have continued from this price rather than the dip to $0.1748.

Since XRP soared by 1,560% from this low, a similar growth from $0.5217 would put XRP’s price at $8.65.

Meanwhile, XRP’s ascent during the 2020/2021 bull season was largely hindered, as many U.S. exchanges had already delisted the token, limiting market access. Essentially, XRP could be trading much higher than $8 if the lawsuit had never happened.

Decentralizing Efficiency: Why Web3 Infrastructure Marketplaces Are Essential

Albert Brown
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Decentralizing Efficiency: Why Web3 Infrastructure Marketplaces Are Essential

If you are a Web3 developer, you probably understand the complexities of decentralized applications (dApps). Smart contracts, blockchains, and tokens together create a decentralized ecosystem. However, as Web3 grows, so do the challenges developers face when scaling their applications to meet the growing demand. It’s not just scalability issues; high costs and limited access to infrastructure also bog you down and make your journey far more difficult. 

Traditional models of infrastructure are rigid, centralized, and expensive. Decentralized infrastructure marketplaces give Web3 developers a new way to address scalability, flexibility, and performance while maintaining security and transparency. In this marketplace, resources are democratized, innovation grows, and developers regain control. If you aim to develop highly scalable Web3 applications, any top web3 infrastructure marketplace is worth exploring. Let’s understand how Web3 infrastructure makes it possible and how you can use it in your next project.

Why Web3 Needs Decentralized Infrastructure Marketplace

Web3’s core principles are transparency, decentralization, and user empowerment. These principles are the antithesis of traditional centralized infrastructure, and decentralized infrastructure marketplaces align perfectly with them. They create an environment where only a few entities no longer monopolize resources like computing power, storage, and APIs. Instead, they are accessible to anyone in the network.

This shift levels the playing field where developers can:

  • Scale their applications easily without being worried about high costs or limited options.
  • Maintain complete control over their projects by using decentralized networks.
  • Collaborate with other developers, solvers, and workers in a transparent and systematic ecosystem.

What Makes Crestal Unique?

Crestal’s infrastructure marketplace is a great example of how decentralization can change Web3 development. It has features like Proof-of-Performance (PoP) and Infrastructure-as-a-Smart Contract (IaaSC). Crestal is setting new standards for what’s possible in the Web3 space. 

Proof-of-Performance (PoP)

Many infrastructure platforms operate on opaque systems, making measuring service quality and reliability harder. Crestal introduces PoP to address this gap. It records real-time performance data on the blockchain. This means solvers or infrastructure providers can be rewarded based on measurable contributions. For developers, this means:

  • Guaranteed reliability of resources.
  • Clear metrics to evaluate the quality of service.
  • Reduced disputes over resource usage.

Infrastructure-as-a-Smart-Contract (IaaSC)

The concept of IaaSC improves how services are provisioned and managed. Through IaaSC, developers can programmatically access infrastructure components like computing power, storage, or middleware. These components are delivered via smart contracts without the need for manual negotiations or intervention. For example, a dApp that needs extra storage during peak usage can dynamically scale resources through a self-executing smart contract, paying only for what it uses. 

Use Cases of Decentralized Infrastructure

The adaptability of decentralized infrastructure marketplaces makes them suitable for various industries and applications. Let’s discuss some of the most prominent use cases to see how they deliver real value. 

1. Scalable DApps:

Decentralized applications (dApps) need infrastructure that grows with user demand. That’s why scalable infrastructure is crucial for any Web3 application. Be it a DeFi platform managing millions of transactions or an NFT marketplace processing complex smart contracts. With a marketplace like Crestal, developers can adjust their resources on the go. They can handle everything from surges in user activity to routine operations without compromising speed, security, or transparency. For example, scalable infrastructure prevents lags or failures during an NFT drop with high demand and delivers a smooth user experience. 

2. Gaming

The gaming industry is increasingly turning to blockchain for in-game economies and asset ownership. Decentralized infrastructure supports high transaction volumes and reduces latency to create a smooth experience for players. For example, a multiplayer game using a decentralized infrastructure can maintain real-time interactions while securely managing digital assets. 

3. Enterprise Blockchain Solutions

Enterprises exploring blockchain solutions for supply chain management, identity verification, or data sharing can benefit from decentralized infrastructure’s flexibility and cost-efficiency. They can tailor their infrastructure to meet different needs without compromising security or performance. 

How Marketplaces Drive Collaboration and Innovation

Decentralized marketplaces are hubs for collaboration and innovation. Developers, solvers, and workers can connect within the ecosystem to:

  • Share expertise
  • Innovate together
  • Accelerate time-to-market

Developers can find specialized solvers to tackle complex problems like optimizing smart contracts or enhancing scalability. Workers and solvers bring new perspectives and skills to create a culture of experimentation and creativity. By using a decentralized marketplace, teams can access ready-to-use infrastructure components and reduce development time and cost. 

Closing Thoughts

As the Web3 ecosystem grows, the demand for scalable and decentralized infrastructure will only increase. Marketplaces like Crestal allow developers to focus on building innovative and solution-oriented applications to redefine industries. Decentralized infrastructure marketplaces offer scalability, flexibility, and effectiveness, whether you are working on a DeFi project, an NFT marketplace, or a cross-chain protocol. These are essential for building the next generation of decentralized applications. If you haven’t yet explored the benefits of decentralized infrastructure, now is the time to do it and start building a future-proof Web3 application that can scale as your user base grows. 

Try Your Luck With These 5 Promising Cryptos! Expert Highlights Catzilla As 2025’s Top Meme Coin To Watch

PR DESK
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Try Your Luck With These 5 Promising Cryptos! Expert Highlights Catzilla As 2025’s Top Meme Coin To Watch

As the crypto market heats up, investors are eager to discover which digital currencies will stand out. Among various intriguing choices, a fresh meme coin is capturing significant attention. Predicted to shine in 2025, this playful currency is turning heads. With fortunes ready to be made, enthusiasts are buzzing about the potential in these promising options.

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 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!

SOL Poised for Bullish Breakout Amid Positive Trend

Solana’s price is climbing within its range of about $182 to $308. The crypto shows a clear upward trend with significant recent gains, up 51.08% over six months. The current RSI indicates it’s nearing overbought but maintains room for growth. With the 1-month price rising 44.05%, momentum is solid. Approaching the resistance level of $365, there is potential for further growth if it breaks through. The MACD level at 3.036 supports this bullish sentiment. If Solana surpasses the first resistance, it could aim for the second resistance near $491, banking on a potential gain of about 60%. With these signs, Solana might be preparing for major upward momentum.

Uniswap Eyes Resistance as Bullish Sentiment Grows

Uniswap’s price is in the range of $11.83 to $14.99, showing promising momentum. Despite a recent monthly drop of 3.76%, the 6-month rise of 83.7% reflects strong gains. The 10-day simple moving average is slightly below the 100-day average, indicating potential upward movement. The nearest resistance is at $16.69, followed by another at $19.84. Support stands at $10.38 and $7.22. With an RSI of 46.55 and stochastic at 60.30, market indicators suggest a balanced position. Though the MACD is slightly negative, the market sentiment hints that a breakout above $16.69 could lead to a further rise. The crypto community remains optimistic about Uniswap’s potential growth.

Sui (SUI) Eyes Potential Surge with Altcoin Season on the Horizon

Sui is trading between $4.14 and $5. It’s close to testing the $5.50 resistance. If it breaks through, it could head towards the second resistance at $6.36. This would mean a rise of about 27% from its current high. The RSI and stochastic suggest there’s room to climb. The MACD level points to momentum in its favor. In the past month, Sui rose by about 6%, riding a larger trend over six months with over 500% growth. Watch for a potential breakout if the altcoin season stirs the market.

Conclusion

While SOL, UNI, SUI, and XRP show less short-term potential, Catzilla emerges as the ultimate meme coin hero aiming to bring financial freedom to everyone. With a remarkable 700% ROI during its presale and triple utility features—governance, incentives, and staking Catzilla invites investors to join the fight against crypto villains.

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Experts Say Buying XRP Before $4, as XRP is Going Much Higher

Abdulkarim Abdulwahab
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0
Experts Say Buying XRP Before $4, as XRP is Going Much Higher

Market commentators are urging fresh XRP accumulation under $4, asserting that the race to higher levels is about to begin.

This comes as the market stabilizes after Monday’s dump and the weekend frenzy around the TRUMP meme coin. During these two periods of peak market activity, the XRP price suffered significantly. 

Notably, XRP dipped to $2.90 on January 19 after rallying near its all-time high at $3.50 two days earlier. Meanwhile, it recovered the next day to trade at $3.3472 on hopes of a pro-crypto announcement from Trump. However, such announcement failed to happen, triggering another dip to $2.92.

Nonetheless, at press time, XRP is maintaining its footing in the $3 range after a 2.7% gain today. With the improving market sentiment, prominent market commentators believe that participants are witnessing another last opportunity to accumulate XRP cheaply around $3.

XRP Is Going Much Higher: Buying All Before $4

In a post on X, analyst Jake Gagain argued that XRP is preparing for significant gains from its current price. “XRP is going so much higher,” he said.

Meanwhile, in a separate conversation, crypto YouTuber Oscar Ramos revealed that he is loading up on XRP before it hits $4. “The real show is about to start,” he said, encouraging market participants to do the same.

Community members responding to Ramos’ post shared a similar outlook on XRP’s potential price movement.

X user Mohd Atif remarked that XRP’s price is so close to its all-time high, expecting a breakout could happen soon. He also mentioned he was closely watching the momentum, suggesting a strong push past $4 if the market remains bullish.

Discussion about XRP imminet actions
Discussion about XRP imminent actions

How High Can XRP Go?

Discussions about how high XRP can go this season remain a hot topic in the crypto community. Notably, XRP is one of the few assets that has not seen a new all-time high in seven years, partly due to the SEC’s lawsuit against Ripple.

However, XRP’s condition has improved significantly in recent months. The asset is just a 20% rally away from a new peak.

The most popular projection for the asset is a double-digit price beyond $10. Even previous XRP critics, who doubted XRP would ever see a new all-time high, have recently shared optimism about prices reaching as high as $24.

Meanwhile, based on historical data, ambitious holders target triple-digit prices for this season. However, critics frequently question these expectations. On the conservative side, analysts suggest a price range between $5 and $8.

With the bull market expected to last several months before the momentum wanes, it remains to be seen how high XRP will reach.

Analyst Forecasts Shiba Inu Decline to $0.00001735 Before Recovery to New Highs

Albert Brown
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0
Analyst Forecasts Shiba Inu Decline to $0.00001735 Before Recovery to New Highs

A TradingView analyst forecasts a corrective dip for Shiba Inu to $0.00001735 before a potential recovery and a surge to new highs.

This week, Shiba Inu experienced notable price fluctuations, aligning with the bearish market trend. Its price declined in the past 24 hours, contributing to a 2.64% drop over the last seven days, trading at $0.00002053 at press time. 

The downturn followed a multi-month high of $0.00003284 SHIB attained in December 2024, after which the asset moved below the $0.00002 region before recovering. Following this decline, analysts have pointed to technical patterns that suggest further price movements in the near term.

Downward Wave For Shiba Inu Before New Highs

A TradingView analysis observed Shiba Inu’s price movement forming an expanding diagonal pattern, followed by a corrective triangle. The pattern suggests a possible downward move before any potential reversal.

The analysis highlights a five-wave expanding diagonal labeled one through five, representing an impulsive price move.

SHIB/USDT 12-hour Price Chart
SHIB/USDT 12-hour Price Chart

With the corrective triangle labeled as wave B now complete, wave C is anticipated, projecting a drop toward the 0.618 Fibonacci retracement level near $0.00001735.

This is a demand zone from which Shiba Inu may see its final correction before a significant rebound. The expectation is that wave C will complete the structure, setting up the asset for potential gains afterward.

Key Support and Bullish Setup For SHIB

Meanwhile, a separate TradingView analysis presented a more optimistic outlook, citing a bullish setup within a rising channel. According to this perspective, the key support level at $0.00001947 would provide Shiba Inu with a substantial rebound opportunity.

Notably, Shiba Inu tested the $0.00001947 price on Monday during the market-wide dump. The price target outlined for the rebound scenario from this point is $0.00004170, representing a potential increase of approximately 114%.

SHIBUSDT 2-day Price Chart
SHIBUSDT 2-day Price Chart

Long-Term Target for SHIB

Meanwhile, a separate January 19 analysis emphasized a broader bullish setup, suggesting that Shiba Inu could experience a 580% price increase. The analysis referenced a pattern of higher highs and higher lows since June 2023, indicating that the token remains in a bullish consolidation phase.

The analyst argued that Shiba Inu’s overall bull thesis remains intact despite its recent bearish performance. He expects the asset’s next move to surpass its all-time high, especially after reclaiming dominance above $0.000032. One of the key price targets identified in the long-term outlook is $0.00007056.

Meanwhile, the analyst believes the bullish wave could push Shiba Inu’s price to $0.0001397 this season, canceling a zero.

Bitcoin Realized Cap Hits ATH of $832B Despite Slower Capital Inflows

Sam Wisdom Raphael
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0

The Bitcoin Realized Cap has claimed a new all-time high despite the market witnessing slower capital inflows in recent times. 

Bitcoin’s Realized Cap has reached a record $832 billion, according to market insights from Glassnode. This growth continues at an impressive rate of $38.6 billion monthly, even as the asset experiences slower capital inflows since surpassing $100,000. 

These slower capital inflows persist despite the remarkable performance from the ETF market in recent times. Between Jan. 8 and 14, Bitcoin Exchange-Traded Funds (ETFs) recorded outflows of $1.21 billion over four consecutive days. 

However, this trend reversed on Jan. 15, with the Bitcoin ETF market witnessing inflows totaling $3.26 billion. Particularly, Jan. 17 alone saw daily inflows exceeding $1 billion, marking the largest single-day inflow for the year so far. 

Notably, CryptoQuant Fund Premium reflects this bullish trend. The metric, which tracks demand for investment products like funds and trusts, has increased to 0.1026. 

Bitcoin Fund Market Premium All Symbol
Bitcoin Fund Market Premium All Symbol

Decline in Bitcoin Profit-Taking and Sell-Side Pressure  

Meanwhile, Glassnode also confirmed that the market’s sell-side pressure has significantly decreased. Particularly, net realized profit-taking dropped from $4.5 billion in December 2024 to $316.7 million—a 93% reduction, showing that the market is moving toward a healthier supply-demand balance. 

However, according to Glassnode, despite a combined 65% crash in realized profit and loss from $4 billion to $1.4 billion, the metric remains elevated historically. This suggests consistent day-to-day demand for Bitcoin is absorbing the ongoing capital flows. 

To further confirm this trend, the CryptoQuant Net Unrealized Profit and Loss (NUPL) indicator stands at 0.6, indicating that many investors hold substantial unrealized profits. For context, this aligns with the “Belief” phase in market cycles.

Bitcoin Net Unrealized Profit Loss NUPL
Bitcoin Net Unrealized Profit Loss NUPL

Analysts Remain Bullish  

Amid these conditions, market watchers remain bullish on Bitcoin. Analyst Darkfost recently reported a massive shift in investor sentiment on Binance. 

After a brief period of sell-offs linked to a lack of crypto mentions during Donald Trump’s inauguration, net taker volume on Binance turned negative, reflecting pessimism. However, just before the U.S. markets opened, net taker volume flipped back to positive. Darkfost believes that if this trend continues, Bitcoin could soon surpass its all-time high.

Bitcoin Net Taker Volume on Binance
Bitcoin Net Taker Volume on Binance

Further, CryptoBatman noted that Bitcoin’s current position on the Days-to-Halving Heatmap suggests the market is far from a cycle top. Typically, Bitcoin’s largest price rallies occur when it is furthest from the next halving, a pattern shown in red and orange zones on the heatmap. 

With plenty of upside potential remaining, CryptoBatman believes Bitcoin will likely record massive gains in the coming months.  

Meanwhile, Michaël van de Poppe predicts a market cycle reminiscent of 2017. He anticipates the market to achieve valuations comparable to the Dot-com bubble, estimating a total market cap of $15 to $25 trillion. For Bitcoin specifically, he forecasts a price exceeding $300,000. Currently, Bitcoin trades for $104,304, up 0.62% in the last 24 hours.

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