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As Tiktok transitions to Web3 in partnership with Sui (SUI), it was stated that the partnership will enable BytePlus to integrate its cutting-edge solutions, including ByteHouse, a cloud-native data warehouse, with Sui's full node data.

In the statement made by Sui Foundation, the following statements were made:

🔥🔥TikTok Established a Partnership with This Altcoin, There was a Sudden Rise in Price!

“BytePlus, the technology solutions subsidiary of TikTok parent company ByteDance, is taking its first step into Web3 with blockchain with Sui.

BytePlus will work with Mysten Labs to adapt recommendation solutions and augmented reality products to Sui, among other services.

The company selected Sui as the best blockchain network to offer its services supporting gaming and social applications.

“The technological strength demonstrated by BytePlus, combined with Sui's next-generation innovations, will lead to innovative services and applications.”

This is not investment advice.
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Bitcoin Could Hit $513K and Shiba Inu $0.0065 Post-Halving

Notably, Bitcoin traded at an average price of $8,500 at the time of the previous bull run in May 2020. The premier cryptocurrency rallied to a high of $69,000 in November 2021 after the halving. This marked an impressive 711% increase recorded 20 months after the halving event .

However, Shiba Inu, which launched three months after the 2020 Bitcoin halving, witnessed a more substantial price growth after the event. Nonetheless, this assessment will not consider Shiba Inu’s earliest trading price due to the low volumes, often reaching $300, it recorded at the time.

SHIB started witnessing real trading activity on Feb. 1, 2021, with its 24-hour volume spiking to $34.9 million. Shiba Inu’s price on this day stood at $0.00000002910. Remarkably, this price skyrocketed to the ATH of $0.00008845 in October 2021, marking a 303,851% rise in just eight months.

Now, if Bitcoin replicates its 711% post-halving increase during this market cycle, its price could skyrocket to approximately $513,000. SkyBridge Capital founder Anthony Scaramucci believes this $500,000 price is feasible. Should such a price increase occur in a similar timeframe, BTC could see the $513,000 value late 2025.

Similarly, if Shiba Inu replicates its 303,581% increase, its price would hit unprecedented values. Due to the massive rate of this surge, this evaluation only captures 10% of the increase, amounting to 30,385%. If SHIB rises by 30,385% after the Bitcoin halving, its price would rise from the current $0.00002145 to $0.006539.

Notably, history does not necessarily repeat but it often rhymes. However, while this evaluation considers a mere 10% of SHIB’s previous uptrend, there is no guarantee that Shiba Inu could see a price rally such as this.

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