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Shiba Inu: What Lies Ahead for SHIB in 2024-2025?
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Shiba Inu Forecasted To Reach 8 Cents: Here’s When
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Shiba Inu: Here’s How to Be a Millionaire When SHIB Hits $0.01 Shiba Inu (SHIB) has made a name among young investors looking to make it big in crypto. The dog-themed project has turned several early investors into multi-millionaires and, in some cases, billionaires. Although SHIB has been in a downward trajectory after hitting its all-time high of $0.00008616 in October 2021, fans and investors are hopeful the asset will gain momentum again. SHIB fans and investors have long pursued the $0.01 (one cent) target. Many are hopeful they can settle down for life if SHIB achieves this feat. You will need 100000000 tokens (100 million tokens) to have one million dollars worth of SHIB at $0.01 per coin. The price of 100 million SHIB right now is about $2699. If SHIB hits $0.01, the portfolio’s value will skyrocket by about 36,950%. When will Shiba Inu (SHIB) reach $0.01? Shiba Inu (SHIB) & Dogecoin (DOGE) Price Prediction This Week While there is a lot to gain from SHIB reaching its one-cent target, the journey there is not so easy. According to Telegaon, SHIB could hit the $0.01 level sometime between 2035 and 2040, about 11 to 16 years from now. Changelly also paints a similar picture for the dog-themed crypto. The platform anticipates SHIB to hit $0.01 sometime between 2033 and 2040. Shiba Inu’s (SHIB) massive supply is one of the most significant barriers to its price. The project has about 589 trillion coins in circulation. Reaching $0.01 with 589 trillion tokens in circulation would lead to an unrealistically large market cap. Therefore, the project needs a supply reduction before aiming for higher prices. The SHIB team has said they are working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can reduce the project’s supply at a rate of over a trillion coins a year, SHIB might climb to the $0.01 target much sooner than predicted.#Memecoins #BullorBear
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Dogecoin Trading Volume Drops 15%, Is Post-Halving Surge Still In Play? Dogecoin is one of many meme coins that were expected to surge post-Bitcoin halving. However, that boom has yet to come within the first days after the event. Trading volume for Dogecoin is down nearly 15% in the last 24 hours. In terms of price, the coin is also only up 4% in the past week. With DOGE failing to have an instantaneous surge, some holders are worried that they bought into the dip and won’t see their post-halving profits realized. Will the asset see any boom, or was the Bitcoin halving too big of a risk for investors? Will Dogecoin Still Surge Post-Bitcoin Halving? Dogecoin is trading at just over $0.16 at press time. Many price predictions expected a monstrous surge for altcoins and meme coins, including DOGE. However, that jump seems to be delayed. Some expectations include DOGE reaching $1, others as high as $2. The coin remains stagnant but fortunately hasn’t slid down. If trading volume begins to rise again, this could signal a potential surge for the dog-themed cryptocurrency. The entire market revolves around the hype, TV, and price of Bitcoin. BTC remains hovering just over $66,000 and hasn’t budged much either since the halving. Looking back at January and March, however, when BTC boomed, the entire market followed. Holders who want their DOGE supply to surge may need to keep their eye on Bitcoin to see that chain reaction. Certainly, Dogecoin will not reach the $1 mark by the end of the month. However, the community has its bets on the possible rise, just not an exact timetable #bitcoinhalving #Memecoins
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Will Halving Mayhem Push XRP Closer to $1 In May? Ripple is one of the leading cryptocurrencies, paving its way gradually to reach the top of the radar. The token has been battered through various upheavals this bull season, with its price pace being dubbed slow and mellow. However, Ripple XRP was expected to receive a much-needed push after the Bitcoin Halving event, which was recently concluded with much fanfare. Ripple to Ascend Past Its Critical Resistance Level Of $0.60? ripple xrp Ripple XRP has documented a gradual price surge this bull cycle. The crypto has failed to climb major price thresholds, sowing skepticism within its community. However, various crypto analysts on X have been rooting for XRP’s stellar price momentum, adding that the token has yet to show its true colors. Now that the Halving event is over, Ripple XRP is expected to rise above its critical price barriers to peak and reach a new ATH. Per CoinCodex XRP will be battling critical price pressure and resistance at $0.53 and $0.54. “Based on today’s classical pivot point (P1) with the value of $0.526520, Ripple has support levels of $0.517516, $0.510627, and the strongest at $0.501622. Similarly, Ripple resistance levels are at $0.533410, $0.542414, and $0.549303.” Once the token crosses past its critical price barriers, it may gain additional support and rise above to touch a new ATH. The platform predicts XRP to touch the $0.66 price range by April 27, before falling back to $0.61 and eventually trading at that price level by May 22. “The price of XRP may rise by 26.49% and reach $0.668585 by April 27, 2024. “The price of Ripple may rise by 17.27% and reach $0.619848 by May 22, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed). Ripple recorded 15/30 (50%) green days with 8.93% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.” #bitcoinhalving #xrp
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