Posted on December 23, 2023The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu’s circulating supply is not impossible.In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inu’s current circulating supply to 0.1% of its size is a vision that can materialize.This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibarium’s soaring positive metric, with transactions reaching new counts of 150 million.Amid the development, the Shiba Inu critic sarcastically asked Kusama to burn 99.9% of SHIB tokens, likely with the fees accrued from Shibarium transactions. The critic went on to add that such a hypothetical scenario cannot be a reality because, according to him, Shiba Inu is trash.Shiba Inu Lead Says Nothing is ImpossibleHowever, the Shiba Inu ecosystem leader reacted to the critic’s view with a counterargument. Succinctly, Kusama said:“Nothing is impossible except for you seeing how it’s possible. We push forward.”With SHIB’s circulating supply at 580,925,715,095,591 (580 trillion), burning 99.9% would reduce Shiba Inu’s supply to 580 billion, which is still significant.Reacting to Kusama’s statement, members of the Shiba Inu community welcomed the idea, noting that it merely takes patience to attain such a feat. Raul Valadez-Rayas, a U.S.-based Shiba Inu enthusiast, remarked:“Patiently waiting for Shytoshi Kusama. Can’t wait to see trillions of SHIB burn one day, and then everyone in the SHIB ARMY will be happy.”Shiba Inu Team’s Efforts to Burn SHIBNotably, the Shiba Inu development team has orchestrated the third and fourth editions of its routine Shiba Inu token burn based on fees accumulated from Shibarium transactions.The Crypto Basic has reported that the team has incinerated over 17 billion SHIB tokens in the last 24 hours in two transactions. The first transaction, which occurred yesterday, eliminated 8.53 billion SHIB. Meanwhile, in less than 23 hours, another 8.47 billion SHIB was burnt.As a result, the Shiba Inu team has burned a whopping 33,862,174,416 (33.8 billion) SHIB tokens this month alone.$SHIB

Everyone saying 1k XRP is a fantasy doesn't understand how the utility of XRP will drive price to unbelievable levels. Just to give you an idea of how high XRP will need to be I'll give you some examples...
Swift does approx $5-7 trillion in daily volume....
J.P. Morgan does approx $9-10 trillion daily...
B of A does approx $6-8 trillion daily...
SBI does approx $2-3 trillion daily...
Lets just take Swift alone. Swift is adopting RippleNet currently into their messaging system for cross border payments. Swift ONLY handles
messaging of the transactions NOT the actual settlement of the $. In the EU the settlement goes through TARGET2 system. In the US it goes through FEDWIRE. With RippleNet the entire process can be messaged and settled through XRP in 3-5 seconds and a fraction of the cost.
Currently the cost of a Swift messaging transaction is $20-50 versus pennies with XRP. So banks will be greatly incentivised to adopt RippleNet using XRP to save hundreds of billions in fees per year. Now lets say banks settle just 10% of transactions to start with XRP...
10% of Swift's daily volume of transactions is around $500 billion a day. Now remember this is where Deep liquidity pools and RLUSD come into play. These banks will have their own CBDC's and digital tokens. These tokens will be paired to RLUSD on the XRPL.
Say Bank A in New York wants to send $ to Bank B in London. Bank A will take the value of their token/CBDC send it through Swift, Swift will use XRP to send that value to Bank B's token/CBDC on the XRPL, tapping into the Deep liquidity pools that exist on AMM.
To make this possible the value/volume on Ledger in liquidity pools has to be about double the value/volume being transacted daily. Now back to moving just 10% of Swift. That's $500 billion of value/volume on the XRPL which means the liquidity pool to move that has to be
around $1 trillion. This is so there's no friction and ensures that a pathway is always available between different tokens/CBDC's/currencies. Remember Banks Cannot have failed transactions. So if $1 trillion is in the liquidity pool, how do we determine XRP's price?
Well you take the value/volume on ledger($1 trillion) divided by circulating supply of XRP. Current circulating supply is about, if you google it, 56 billion. This number is very misleading. Ripple holds about 44 billion in escrow. Only about 1 billion is still available on
exchanges. Which means the other approx 55 billion circulating supply is being held by retail, whales, banks, institutions, etc. So the real question is how much XRP will be delegated to the AMM liquidity pools? I would guess about 10-20% of that 55 billion. Lets take 10 billion
So divide $1 trillion in value/volume by 10 billion and you get a $100 XRP needed to facilitate that $1 trillion in value. This is why XRP has to be very high to move just 10% of Swifts daily volume. When you start adding the other banks in it gets crazy how high XRP will go
I hope this clears some things up for people with how utility of XRP works and how the price has to be very high to fulfill it's role in the New Financial System...$XRP

According to expert technical analysis, despite gaining a massive price surge during a market correction, XRP is currently facing a strong resistance level of $0.647. Moreover, the token is in an uptrend as it trading above the 200 Exponential Moving Average (EMA) on a daily time frame.

Based on recent performance, if XRP breaches the resistance level and closes a daily candle above the $0.65 level, there is a strong possibility that it could soar by 15% to reach the $0.75 level in the coming days.

Bullish On-Chain Metrics
However, XRP’s bullish outlook is further supported by on-chain metrics. Coinglass’s Long/Short ratio currently stands at 1.027, indicating a strong bullish sentiment among traders.
Additionally, its future open interest has skyrocketed by 17.9% in the last 24 hours and 7.3% in the last four hours. This rising open interest indicates traders’ and investors’ sentiment and potentially they might be betting more on long positions than short positions.

Currently, 51.25% of top traders hold long positions, while 48.75% hold short positions. While combining all this on-chain data with technical analysis, it appears that bulls are dominating the XRP. $XRP

Always keep your expectations in check.
The upcoming wave will be nice but it's to early to tell it will be "the biggest altseason" we have ever seen (likely not).

On another note, you also don't want to sell yourself short.
Just like there are people expecting this run to triumph all others, there are also an equal amount expecting this run to do nothing.
We've had a pretty hard correction the last couple of months.
The market moves in waves and opportunities certainly won't end at just a 2-3x either.
Be open to being bullish again, be open to accept the next wave may have just begun already!
But keep those expectations in check.
Just because you haven't hit your million dollar portfolio yet, doesn't mean the market won't have topped already.
Aiming both to low or to high can be a costly mistake.
The real target is somewhere in the middle.
$SOL
$ARB
$TRX

Bonk (BONK) Price Prediction October 2024
Taking support from a long-coming trendline, the BONK price is ready for an explosive rally in October. The meme coin surpasses the 200-day EMA with a triple white soldiers pattern. Further, the meme coin heads to the 38.20% Fibonacci level at $0.00002679.
With a triangle breakout rally, the BONK price uptrend teases a golden crossover in the 50-day and 200-day EMA. As the meme coin bounces back, the bulls are likely to surpass the 38.20% Fibonacci level to hit $0.00004523. Conversely, if the bears regain momentum, the BONK crypto will plunge toward its low of $0.00001594 this month.
BONK Price Prediction 2024
If the cryptocurrency market continues to grow in 2024, fueled by the anticipated bull run in the crypto market, BONK can successfully reach a wider audience. Further, with the growing community, the BONK price could potentially reach as high as $0.00085.

Conversely, the downside potential is vast for the BONK meme coin during the liquidity crunch or a market-wide pullback. The bears can retest the $0.000010 mark in case of a high-speed crash.
BONK Price Targets 2025
Considering the fear of missing out on BONK continues to grow, its price could breach $0.00010. Potentially making a high of $0.00035, the meme coin can transition to something more meaningful in the coming years.

However, if BONK cannot maintain its current growth rate, its price will likely average out at $0.000060. Conversely, if BONK fails to stay relevant in 2025, the price of BONK can plunge to $0.000015.
BONK Memecoin Price Projection 2026:
The BONK price prediction for 2026 is projected to range between $0.000034 to $0.00063, with an average trading price of approximately $0.000332.

BONK Price Outlook 2027:
The BONK price prediction for 2027 is expected to fluctuate between $0.000062 to $0.00084, with an average price of around $0.000451.

BONK Crypto Price Prediction 2028:
In 2028, the BONK price prediction anticipates a price range of $0.000071 to $0.0012, with an average trading price of about $0.0006355.
BONK Coin Price Forecast 2029:
In 2029, the BONK price prediction projects the prices to vary from $0.000092 to $0.0024, with an average price of roughly $0.001246.

BONK Price Prediction 2030:
BONK’s price for 2030 is expected to fluctuate between $0.00013 to $0.0050, with an average trading price of over $0.002565. $BONK