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Top Bitcoin Maxi Says XRP is Not a Safe Investment but Can Do Another 7X Run to $24

Abdulkarim Abdulwahab
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Top Bitcoin Maxi Says XRP is Not a Safe Investment but Can Do Another 7X Run to $24

Renowned Bitcoin maxi turns bullish on XRP, predicting a price surge to$24, but Maintains XRP Is Not a Good Investment for Long-Term Holding.

In a tweet today, Jeremie expressed optimism that XRP could peak in the $20 to $24 range during this cycle. This newfound optimism comes as XRP trades at a seven-year high in the $3 range, outperforming other prominent crypto assets.

Commenting on this impressive trajectory, Jeremie expressed his belief that XRP could rise much higher in 2025, with a $24 target being a realistic projection.

Notably, this shift in outlook comes after Jeremie repeatedly referred to XRP as a “stablecoin” and predicted its value would fall to zero in previous years. However, as XRP’s bull run continues to set historic highs, critics are reconsidering their previous skepticism.

Other prominent XRP critics who have also turned bullish on the coin include legendary trader Peter Brandt and Real Vision CEO Raoul Pal.

Brandt has even suggested that XRP could soar to over a half-trillion-dollar market cap this cycle, requiring a price above $8 per unit.

Currently, XRP is trading at $3.13. Soaring to $24, as Jeremie now forecasts, would represent an additional 7X increase or a 667% gain for current holders.

Jeremie Maintains XRP Is Not a Good Investment for Long-Term Holding

Despite his bullish price prediction, Jeremie has not fully discarded his previous skepticism about XRP. He issued a disclaimer in his latest remarks, emphasizing that he does not recommend XRP as a long-term investment.

Instead, he suggests that market participants view XRP primarily as a trading opportunity to make profits.

Jeremie’s reluctance to endorse XRP for long-term holding stems from his concerns about the coin’s connection to the banking and financial system, which he views negatively.

“XRP is a cryptocurrency about the banking system, supporting the banking system, for the banking system,” he stated.

Additionally, Jeremie compared XRP to the Federal Reserve, arguing that, like traditional financial institutions, XRP operates under rules that can change unpredictably. He believes investing in XRP long-term is like supporting a crypto asset that backs a system he views as exploitative.

XRP Army Reacts

Meanwhile, some XRP proponents have criticized Jeremie’s recent bullish stance on the cryptocurrency. Analyst JayDee pointed out that Jeremie, who previously predicted XRP would go to $0, is now forecasting a price of $24.

He likened Jeremie to Jim Cramer of the cryptocurrency world, suggesting that his predictions lack consistency and reliability.

Similarly, Edo Farina, CEO of Alpha Lions Academy, expressed disappointment, noting that thanks to Jeremie’s earlier “advice,” thousands of new crypto users missed the opportunity to buy XRP below $0.50.

Farina accused Jeremie of failing to acknowledge his past mistakes and continuing to spread fear, uncertainty, and doubt (FUD). “The truth is coming out,” he added.

XRP Arny relies
XRP Arny relies

XRP to $15, Analyst Says if Market Cap Matters Why XRP is Bigger Than BlackRock

Sam Wisdom Raphael
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XRP to $15, Analyst Says if Market Cap Matters Why XRP is Bigger Than BlackRock

Crypto market analyst Ali Martinez sets a two-digit XRP price target, questioning why XRP is bigger than BlackRock if market cap actually matters.

In his latest analysis, the market watcher predicted a potential surge to $15. He based his assessment on the breakout of a symmetrical triangle pattern visible on the monthly chart. Such a move typically signals bullish momentum. 

Several analysts called attention to this pattern last year, especially when XRP remained traded for $0.50. Data from the chart shows that XRP slipped into the symmetrical triangle pattern when it collapsed from the $3.8 all-time high in January 2018.

Within this structure, XRP witnessed a years-long consolidation. An attempt to breakout occurred in April 2021, but XRP faced resistance at the $2 mark. Interestingly, its latest rally from November 2024 has now triggered a successful breakout from the symmetrical triangle.

XRP Symmetrical Triangle Ali Charts
XRP Symmetrical Triangle | Ali Charts

Martinez believes this breakout could push XRP to $15, a 5-fold increase from current levels. Notably, XRP recently retested the resistance at $3.4 just days ago after moving beyond $3 for the first time in seven years. This latest strong momentum bolstered Martinez’s bullish outlook.

Martinez Responds to Criticisms

Not all analysts share Martinez’s optimism. Crypto proponent Tribal Trader questioned the feasibility of the $15 prediction. Tribal Trader accused Martinez of receiving incentives from “XRP” and not disclosing them.

He raised concerns about XRP’s market cap requirements to achieve such a price. Essentially, his argument suggested that reaching $15 would require an extraordinary market cap, which he thinks might be unfeasible.

For context, at a price of $15, XRP’s market cap would balloon to $862.5 billion, nearly double Ethereum’s current valuation. In response, Martinez dismissed the concerns, pointing out that XRP already has a higher market cap than BlackRock. 

He argued that if market cap were a limiting factor, XRP surpassing BlackRock—a global financial giant—wouldn’t have occurred. Notably, BlackRock, the world’s largest asset manager, has a market cap of $155 billion despite managing $11.6 trillion in assets. XRP’s current market cap, at $180 billion, already surpasses BlackRock’s.

A History of XRP Predictions  

It bears mentioning that Martinez has been vocal about his bullish stance on XRP in recent months. In November 2024, as XRP reclaimed $1 for the first time in three years, he suggested that the resignation of SEC Chair Gary Gensler could be bullish for the altcoin.

At the time, Martinez forecasted XRP would hit $2 soon after breaching the $1 level. Interestingly, this forecast materialized a week later, with XRP eventually breaking above the $2 mark on Dec. 1, 2024.

Following this, Martinez identified $4 as the next target. So far, XRP appears to be moving closer to this level, having recently crossed the $3 psychological level. Meanwhile, his latest analysis, based on the symmetrical triangle breakout, projects an ultimate target of $15.

How Remittix Could Take Market Share From The Top Guns In 2025, Why $RTX Is Predicted A Top Investment In 2025

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How Remittix Could Take Market Share From The Top Guns In 2025, Why $RTX Is Predicted A Top Investment In 2025

Remittix (RTX) is shaking up the cross-border payments industry with its innovative PayFi solution, positioning itself as a serious contender against top players in 2025. Powered by the $RTX token, the project offers speed, transparency, and affordability that appeal to businesses and individuals.

Analysts predict an explosive growth of 800% during the presale and over 5,000% post-launch for $RTX, with its unique features driving adoption. Combining blockchain efficiency with real-world usability, Remittix is poised to capture significant market share and become a top investment opportunity.

Why Remittix Will be a Top Investment in 2025

Remittix (RTX) is changing how cross-border transactions work by combining blockchain technology with traditional banking. Users can easily convert over 40 cryptocurrencies into fiat and send money to bank accounts worldwide. Unlike conventional systems that lag and charge hidden fees, Remittix offers fast, 24-hour transfers with an easy flat fee model.

Remittix provides merchant solutions for companies, including the Remittix Pay API for freelancers, e-commerce platforms, and service providers to accept cryptocurrency payments and receive settlements in their bank accounts. Remittix is ideal for global companies. The platform supports over 30 fiat currencies and 50 cryptocurrency pairs, offering flexible payment processing across regions.

The platform is also focused on helping underserved populations. Remittix eliminates dependency on traditional banking infrastructure and provides users in underbanked regions with access to global financial services. The platform’s low-cost structure and 24/7 availability mean Remittix is removing financial barriers.

Transparency is a core principle for Remittix. Unlike traditional financial systems, which often involve inflated currency conversion rates, Remittix offers flat-rate pricing, ensuring that users know exactly what they spend. This straightforward approach appeals to individuals and businesses needing clear, predictable international transaction costs. Advanced security protocols and smart contracts verified by BlockSAFU protect users’ funds. Regular audits further ensure transparency and build trust within the ecosystem.

$RTX token holders can enjoy staking rewards of up to 8% APY for standard investors and up to 18% APY for Tier-3 premium members. This reward structure fosters loyalty and promotes long-term engagement with the platform. The project’s fixed supply of 1.5 billion tokens produces scarcity as adoption increases. The tokens are used for transactions, staking, and management and permit owners to shape the ecosystem’s future development.

New Remittix Presale Round Commences: Buy Now!

The $RTX token is priced at $0.0217 during its presale phase. So far, over $3.3 million has been raised, showcasing strong investor confidence. Analysts project an 800% surge by the end of the presale, followed by a potential 5,000% rally after the token’s official launch.

With its PayFi solutions gaining popularity, Remittix is set to revolutionize the cross-border payments industry in 2025. Be part of the future by joining the Remittix revolution now!

Discover the future of PayFi with Remittix by checking out their presale here:

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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.

Pepe Coin Price Prediction: Will Pepe Reach 100X In 2025 While PlutoChain Attracts Whales

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Pepe Coin Price Prediction: Will Pepe Reach 100X In 2025 While PlutoChain Attracts Whales

Pepe Coin has been turning heads in the crypto sphere, quickly becoming a favorite among meme coin lovers and traders looking for the next big thing.

But with talk of a 100x price increase by 2025, is there real potential for long-term growth, or is it all hype? Meanwhile, PlutoChain ($PLUTO) could be worth taking a look at as it attracts whales and looks to potentially shake up the blockchain space with its unique approach.

Let’s see what the future might hold for both Pepe Coin and PlutoChain.

PEPE Coin Price Prediction. Do Technical Indicators Support a 100x Surge in 2025?

As of January 16, 2025, Pepe Coin (PEPE) is trading at approximately $0.000019 per token, with a market cap around $7.85 billion and a 24-hour trading volume near $986 million.

From a technical analysis perspective, PEPE’s indicators provide a mixed outlook. The Relative Strength Index (RSI) is currently in a neutral zone, suggesting a balance between buying and selling pressures. This equilibrium indicates the market isn’t experiencing overbought or oversold conditions, leaving room for potential price movement in either direction.

A push above 70 or drop below 30 could signal forthcoming bullish or bearish trends, respectively. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is showing a neutral signal, with the MACD line closely aligned with the signal line.

This suggests a lack of clear momentum at present. However, if the MACD line crosses above the signal line, it would signify bullish momentum, while a downward crossover could signal bearish trends.

Support levels for PEPE are identified around $0.00001716, tested multiple times, that provide a reliable floor for the token. If this level holds, it could act as a buffer against potential downward pressure.

On the other hand, resistance levels are observed near $0.00002826. A breakout above this threshold would indicate a bullish trend that could potentially drive further price appreciation. The Bollinger Bands for PEPE are tightening which suggests reduced volatility and an impending price movement.

Similarly, short-term EMAs show the price hovering below the 20-day EMA which indicates slight bearish pressure. However, a decisive close above this EMA could point to a potential reversal to the upside. Considering these technical indicators, PEPE shows potential for steady growth but does not currently exhibit the conditions needed for a dramatic 100x surge by the end of 2025.

Achieving such a valuation would require its market capitalization to hit an astronomical $785 billion, a figure that surpasses the combined value of Bitcoin and Ethereum. While this scenario remains highly speculative, external factors like adoption, meme coin hype cycles, or significant utility advancements could influence its trajectory.

Let’s now shift focus to PlutoChain.

PlutoChain ($PLUTO) Could Add Smart Contracts On Bitcoin’s Network

PlutoChain ($PLUTO) could bring a new twist to Bitcoin, introducing smart contracts and decentralized applications (dApps) without sacrificing the security that Bitcoin is famous for.

Bitcoin’s 10-minute block time has often been a hurdle that made transactions slower and limited the growth of more complex applications. PlutoChain looks to change this by offering block time of just 2 seconds and potentially opening the door to faster, more seamless transactions. With this improved speed, developers could create a range of decentralized applications directly on Bitcoin, all while preserving the network’s trusted security. By combining Bitcoin’s solid foundation with the flexibility needed for decentralized finance (DeFi) and other emerging use cases, it could push Bitcoin beyond its role as a digital store of value.

Instead, it might transform Bitcoin into a more dynamic, adaptable platform, ready to meet the demands of the future.

PlutoChain’s Key Features. What You Need to Know

PlutoChain ($PLUTO) is moving past the idea stage and is gearing up to demonstrate its true potential with some impressive features.

The platform’s testnet already handles over 43,200 transactions a day that proves it can manage the demands of a busy network without a hitch. This performance could hint at a future where it could support large-scale, high-traffic applications.

What might truly set it apart is its commitment to community governance. Both developers and users help shape how PlutoChain grows which creates a collaborative and inclusive environment. This keeps the platform aligned with the community’s needs and encourages innovation.

PlutoChain’s compatibility with the Ethereum Virtual Machine (EVM) might be another exciting feature. It could make it easy for Ethereum projects to move over or connect with PlutoChain which might create new possibilities in DeFi, NFTs, and beyond. This potentially opens the door to more cross-chain collaboration and brings fresh opportunities.

Security is also top of mind for PlutoChain developers, the platform has successfully passed audits from respected firms like SolidProof, QuillAudits, and Assure DeFi that provides users with confidence.

By potentially mixing Bitcoin’s famous security with the flexibility necessary for modern decentralized applications, PlutoChain could improve Bitcoin in ways we’ve never seen before.

The Verdict

To sum up, while Pepe Coin is tapping into the meme coin trend, it may struggle with long-term success due to its lack of strong tech and scalability.

On the other hand, PlutoChain could be building something more impactful. By potentially combining Bitcoin’s security with faster transactions and flexibility for decentralized apps, PlutoChain might take Bitcoin beyond just a store of value. It could open up exciting possibilities for the future.

PlutoChain could be an interesting project to keep an eye on in the following weeks as it approaches its potential mainnet launch.

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.

Opinion On JetBolt: The Elephant In The Room Crypto Whales Can’t Ignore

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Opinion On JetBolt: The Elephant In The Room Crypto Whales Can’t Ignore

In the crowded and bustling world of cryptocurrency, JetBolt (JBOLT) has emerged as the elephant in the room that crypto whales can’t simply ignore. With blazing features such as zero-gas technology, an AI-driven aggregator tool, and a suite of innovative Web3 utilities, this dashing altcoin has positioned itself at the heart of crypto conversations.

JetBolt’s presale has soared beyond expectations, selling over 270 million tokens since its debut. JetBolt’s popularity and market appeal continue to rapidly expand. How can a young altcoin grow so fast in such little time?

Let’s uncover the mystery behind JetBolt’s meteoric rise and the amazing attributes that draw the attention of crypto whales eager to get a slice of this next-gen altcoin gem.

The JetBolt Momentum: Tech-powered features fueling the beat

JetBolt is rapidly attracting whales and blockchain enthusiasts, getting them hooked on its array of innovative features designed to provide practical solutions that could enhance the blockchain user experience.

Among JetBolt’s game-changing features are:

Zero-gas technology: JetBolt’s flagship feature is zero-gas technology, built on the Skale Network. This breakthrough attribute removes the burden of paying expensive gas fees, enabling users to make as many transactions as they desire, without incurring gas charges.

For developers, this could fuel diverse applications across dApps, blockchain gaming, SocialFi, and Web3, making transactions and development more accessible and efficient. With zero-gas transactions, JetBolt removes the hefty gas costs—costs that often hinder blockchain innovation and wider adoption.

Intuitive Web3 wallet: JetBolt’s Web3 wallet is designed with simplicity and ease of use, giving the highest consideration to users, especially the novices. Unlike the downloadable wallets, JetBolt has integrated the sophisticated WebAuthN protocol and facial recognition to simplify the process of entry and authentication.

This user-centric wallet is also self-custodial, eliminating the need for third-party custodial services and giving buyers full ownership and management of their tokens, enhancing their sense of security and participation in the JetBolt ecosystem.

The JetBolt Presale: Going through the roof with over 270 million tokens sold

JetBolt’s presale has seemingly turned into one hot party, with buyers and whales flocking to take advantage of the attractive perks that await early participants. Those who dive early on into the buying frenzy can reap extra from the token price rising daily.

Presale buyers can also enjoy up to 25% bonus tokens when they avail of JetBolt’s exclusive Alpha Box bundles or token batch packages. On top of that, they can enjoy instant custody of their purchased tokens from the start.

By offering irresistible presale incentives and a fully functional ecosystem that holders can tap into from day one, JetBolt showcases its commitment to providing the functionalities that could create a positive user experience right from the beginning. With its phenomenally growing presale, JetBolt’s momentum could further intensify, making it one of the hottest altcoin gems to watch in 2025.

The JetBolt Ecosystem: Blazing with more user and developer-friendly functionalities

Apart from its cutting-edge features and awesome presale perks, JetBolt goes a notch higher by offering other innovations aimed at benefiting blockchain users and developers. To wit:

  1. Interactive staking model: JetBolt is reshaping the staking landscape with its socially enhanced staking program. Designed to boost not only users’ earnings but also user engagement in the ecosystem, JetBolt offers reward tokens to stakers when they stake and connect with others on the platform. This feature enriches the staking activity, turning it into a fun, collaborative experience.
  2. Developer-friendly infrastructure: JetBolt tokens follow common Web3 standards like ERC20 and are built on the EVM-compatible Skale chain, making integration easy for developers. With no gas fees, fast transactions, and instant finality, JetBolt tokens are well-suited for payment solutions, NFTs, and gaming applications. Developers can also  find sample code and other resources in JetBolt’s public GitHub repository, promoting an open and collaborative development environment.

Final Take: Why JetBolt could be the Next Big Altcoin Sensation Crypto Whales Do Not Want to Miss

JetBolt has burst into the crypto arena armed with innovative features such as zero-gas tech, an AI-driven tool, and integrated Web3 wallet. Powered by state-of-the-art technologies, JetBolt offers Web3 utility-based solutions that aim to create a positive and beneficial user experience both for new and seasoned crypto enthusiasts and developers. Having already sold over 270 million tokens since its launch, JetBolt’s presence is magnified, marking a special niche in the crowded and competitive blockchain world. JetBolt’s journey is just unfolding, and with the crypto space full of twists and surprises, JetBolt could be the next big altcoin sensation crypto whales would not want to miss.

Eager to learn more about JetBolt? Head to the official JetBolt website today.

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.

Ex Goldman Sachs Analyst Says High Chance XRP Flips Ethereum Soon

Sam Wisdom Raphael
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Ex Goldman Sachs Analyst Says High Chance XRP Flips Ethereum Soon

Amid the XRP momentum, Dom Kwok, a former Goldman Sachs employee, insists there is a high chance that XRP flips Ethereum “very soon.”

XRP has been on an impressive run since November 2024, when it soared with the rest of the market following the U.S. presidential election. As the momentum picked up, XRP outperformed the broader crypto market, hitting $3.39 before facing resistance and consolidating now.

However, after a period of range-bound movements, XRP again rallied at a more substantial pace than the rest of the market last weekend, soaring 10% on Saturday, Jan. 11 while the broader market lagged. This pushed the XRPETH pair, which tracks XRP’s performance against Ethereum, to a 50-month peak of 0.0007885.

“High Chance XRP Flips Ethereum Soon”

Following a slight pullback on Sunday, XRP resumed the uptrend in the new week, with the XRPETH pair reaching a new top of $0.0008818 earlier yesterday. Amid this impressive momentum, Dom Kwok, a former Goldman Sachs analyst and co-founder of EasyA, made a bullish statement.

According to Kwok, there is now a high chance that XRP will overtake Ethereum to become the second-largest crypto asset. He noted that this event could materialize “very soon.”

“Are you ready for a new world order?” Kwok quipped alongside his bold prediction, suggesting he sees such an event as a pivotal one. Kwok has always been bullish on the XRP ecosystem, recently touting the massive capital that could come from RWA tokenization on the XRPL. 

Notably, Kwok’s latest commentary on the XRP-Ethereum market dynamics comes on the back of renewed discussions around XRP’s potential to flip Ethereum amid XRP’s outperformance. For context, XRP has gained by a massive 351% against Ethereum since November 2024.

XRP Market Cap Hits $177B 

Interestingly, following Kwok’s remark earlier yesterday, XRP skyrocketed to reach a new milestone of $3.39 for the first time since January 2018. Despite a mild pullback, XRP has held above $3, with its market cap now sitting at $177 billion, representing an addition of $15.8 billion since Kwok’s commentary. 

However, Ethereum’s market cap has increased by a more substantial rate, currently at $407 billion. In this position, XRP must increase to $7.07 to overtake Ethereum in market valuation. Nonetheless, this assessment assumes that Ethereum’s price would remain relatively stable, which is unlikely.

Currently trading for $3.10, XRP would need to increase by 129.5% to reach this $7 price mark necessary to flip Ethereum. Notably, market commentator EGRAG Crypto believes a $7.5 price looms for XRP. Last October, he predicted that XRP could soar to $7.5 once it breaks the resistance at what he calls the Genuine Wake-Up Line. 

Meanwhile, at the current $3.11 price, XRP boasts an impressive 31.26% gain over the past week and an 8.7% rise in the last 24 hours. The asset is already up 49% this year, while Ethereum only sees a 1.45% gain.

Top FTX Creditors’ Representative Shares Update on Countries Restricted from Repayments

Lele Jima
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Top FTX Creditors’ Representative Shares Update on Countries Restricted from Repayments

Sunil Kavuri, a major representative of one of FTX’s creditor groups, has shared a fresh update about countries restricted from the defunct exchange’s repayment. 

In a recent X post, Kavuri disclosed that FTX creditors from countries such as Nigeria, Russia, Saudi Arabia, Ukraine, China, Iran, and Egypt are ineligible for payouts through the exchange’s current distribution providers- Bitgo and Kraken. 

This development comes despite FTX acknowledging that users from these countries might have accounts on these crypto exchanges. However, the defunct exchange made a U-turn, providing a list of jurisdictions not eligible for compensation through Kraken and Bitgo. 

The list, which was updated on January 16, 2025, highlights 163 jurisdictions that are ineligible for FTX payout through Bitgo and Kraken, including Russia, Nigeria, Ukraine, China, Egypt, Iran, and Saudi Arabia. 

Notably, FTX claims it is actively reviewing eligible jurisdictions, with plans to update the portal with any changes to the list of eligible regions in the future. 

FTX Commences Repayment Process 

Recall that the FTX bankruptcy estate kicked off its reorganization plan for the convenient class on January 3, 2025. 

Following the commencement of the reorganization plan, the convenient class creditors, who have less than $50,000 worth of claims, were mandated to complete the distribution prerequisites. 

This process requires convenient class creditors to submit a tax form, choose their desired distribution providers (Bitgo or Kraken), and complete mandatory KYC requirements on or before the deadline, slated for January 20, 2025. 

After completing the process, FTX will repay convenience class creditors within 60 days of the court-approved reorganization plan. This suggests that convenience class creditors could receive payouts on or before March 4, 2025. 

It is worth mentioning that the convenience class creditors account for around 90% of all eligible creditors on FTX. These users will receive their claims in USD. They could decide to either withdraw the USD from the trading platforms or convert them to crypto assets.  

Early Investor Turns $1M to $104M as Donald Trump Officially Launches Memecoin

Elendu Benedict
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Early Investor Turns $1M to $104M as Donald Trump Officially Launches Memecoin

Donald Trump’s newly launched TRUMP meme coin instantly gains traction, massively rewarding traders who bought the Solana-based token early.

The US president-elect reiterated his admiration for the crypto sector by officially announcing the launch of his meme coin on January 18 despite early skepticisms and speculations of a possible hack.

Trump unveiled the official Trump meme coin in a tweet today, sparking reactions from the crypto community. He noted the Solana-based token “celebrate everything we stand for,” attaching the meme coin’s address in an accompanying picture.

TRUMP Surpasses $3B Market Cap in Hours

The Trump token instantly gained traction among market participants, who incessantly aped into the meme coin. The massive buy-in spurred a market cap explosion and a corresponding price upsurge.

At the time of writing, data from DEXScreener shows that TRUMP has crossed $3.8 billion with an $18 billion fully diluted valuation (FDV) despite launching less than eight hours ago. The asset’s surging valuation has seen it break into the top 40 cryptocurrencies by market cap.

Meanwhile, its price has surged, enhanced by its fair total supply of 200 million TRUMP. At press time, the meme coin trades at $19.01, up a staggering 9,621% since its hours-long launch.

User Sits on $104M Unrealized Profit

Amid the buzz, Lookonchain drew the crypto community’s attention to a user who has benefited immensely from the TRUMP token. The on-chain tracker shared that the user swapped 1.1 million USDC for 5.97 million TRUMP immediately after the token launched.

Early Investor’s TRUMP Purchase

Data from DEXScreener shows that the wallet “GQSc2C” bought the Trump meme coin at an average price of $0.1835 at around 03:01 (UTC) today. Although Lookonchain noted that it sold 543,000 TRUMP for $404,000, DEXScreener shows the wallet still holds 5.97 million TRUMP.

At the current price, the wallet sits at an unrealized profit of $104 million, a staggering 9,354% return on investment. 

Meanwhile, other users secured notable gains from the TRUMP token. For context, 0xSun, the founder of 0xSun.Sol Group has also realized over $3.7 million from the meme coin.

Data from Solscan shows he bought 999,895 TRUMP with 3,000 SOL at an average price of around $0.6. So far, he has sold 899,895 TRUMP ($3.115 million) and still holds 100,000 TRUMP ($1.68 million).

Shiba Inu Lead Says Will Grab Attention Way Before SHIB Price Reaches $0.50

Abdulkarim Abdulwahab
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Shiba Inu Lead Says Will Grab Attention Way Before SHIB Price Reaches $0.50

Shytoshi Kusama, the lead developer of Shiba Inu, has made a bold statement about the project’s trajectory.

In a tweet exchange, Kusama assured that Shiba Inu would capture the attention of critics and investors long before the price reached the lofty $0.50 mark. 

Shiba Inu Will Grab Attention Way Before Price Reaches $0.50

Kusama’s confident statement came after a tweet from crypto investor Maserati Cam, who claimed he would only pay full attention to Shiba Inu if the token hit the $0.50 threshold.

Notably, SHIB is currently trading at $0.000022, and reaching $0.50 would require an exceptional price surge of 2,217,195%.

Such extraordinary growth would undoubtedly attract significant attention to the SHIB project, similar to the surge witnessed last season when Shiba Inu soared by 150,000,000% from its all-time low to its cycle peak.

Critics like Maserati Cam, who believe Shiba Inu has lost its appeal, argue that such a price move could reignite their interest. However, Kusama is optimistic that upcoming announcements from the Shiba Inu team will create waves far sooner than that.

The Shiba Inu ecosystem is renowned for its passionate community and meme-driven success. Kusama’s repeated hints about something “groundbreaking” have only fueled speculation about future developments.

Shiba Inu Team Is the “Gold Standard for Memes”

Adding fuel to the fire, Mickey, the founder of the crypto marketing firm Arcadia, praised the Shiba Inu team for their innovative work.

In a tweet, he referred to Shytoshi Kusama and the Shiba Inu team as the “gold standard for meme teams.” Mickey expressed this perspective after his interactions with Kusama and the Shiba Inu development team.

He believes the upcoming initiatives will be revolutionary and potentially disrupt the broader crypto space. “Some of the things they will announce soon are groundbreaking and will shake up the scene,” he remarked.

Exciting SHIB Developments Ahead

Notably, several Shiba Inu initiatives are currently in development, with many to unveil this year. 

Among the latest is a partnership with Astra Nova, aiming to combine meme-based cryptocurrency with AI-driven innovation. The partnership seeks to revolutionize Web3 by merging AI, gaming, and community projects.

Astra Nova, utilizing NVIDIA’s AI tools, will integrate its gaming feature, Survival Mode, into Shiba Inu’s Shibarium blockchain and create web comics as NFTs.

Shytoshi Kusama, Shiba Inu’s leader, emphasized that Astra Nova’s involvement in NVIDIA’s Inception Program is a key factor in the partnership.

ProShares Files for New XRP ETF Products as Gensler Prepares to Leave Office

Sam Wisdom Raphael
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ProShares Files for New XRP ETF Products as Gensler Prepares to Leave Office

Asset manager ProShares submits filings for new XRP ETF products, including leveraged, inverse, and futures ETFs as the community anticipates regulatory shifts.

This development coincides with the imminent departure of Securities and Exchange Commission (SEC) Chair Gary Gensler, who is set to resign on Jan. 20, 2025, aligning with President-elect Donald Trump’s inauguration. 

ProShares Files to Launch XRP ETFs

Nate Geraci, president of The ETF Store, highlighted this surge in ETF filings, noting that multiple asset managers have recently submitted applications for crypto exchange-traded products. Among these, ProShares’ filings for XRP leveraged and inverse ETFs, as well as an XRP futures ETF, stand out. 

According to Geraci, other firms also joined the trend. VanEck applied for the Onchain Economy ETF, while Canary Capital proposed a Litecoin ETF. Oasis Capital introduced the Digital Asset Debt Strategy ETF, and CoinShares filed for a Digital Asset ETF. ProShares also filed for Solana ETFs.

These filings come as the market expects a more favorable regulatory environment under the incoming administration. President-elect Donald Trump is expected to appoint Paul Atkins, a former SEC commissioner known for his pro-crypto stance, as the new SEC Chair.  

This potential leadership change has led industry experts to predict an increase in cryptocurrency-related financial products. Analysts believe that the new administration may facilitate the approval of additional crypto ETFs. Attorney Bill Morgan called attention to the latest filings in a post today.

The timing of these ETF filings is noteworthy, occurring just as Gary Gensler concludes his tenure as SEC Chair. During his time in office, Gensler implemented a rigorous approach to crypto regulation, including enforcement actions against various crypto operators. 

XRP ETF Filings

Prior to ProShares’ recent filings, several asset management firms had initiated efforts to XRP ETF products. In October 2024, Bitwise Asset Management submitted a Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a spot XRP ETF. 

This proposed fund aimed to present investors with an opportunity to get direct exposure to XRP’s value, with Coinbase Custody Trust Company designated as the custodian for the fund’s XRP holdings. 

Following Bitwise’s lead, 21Shares filed a Form S-1 with the SEC in November 2024, proposing its Core XRP Trust. This trust was to provide indirect market access to XRP, with Coinbase Custody Trust Company also serving as the custodian. 

In December 2024, WisdomTree officially filed for a spot XRP ETF, aiming to list shares on the Cboe BZX Exchange. Despite these proactive filings, the SEC has not approved any spot XRP ETFs, with no developments so far suggesting it would approve them. Polymarket notes a 70% chance of an XRP ETF approval this year.

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