🚨🚨 $SHIB Inu Headed for $100B Market Cap? Bold Analyst Prediction Shakes Up the Crypto Scene! 🚨🚨
In a daring forecast, crypto analyst Jake Gagain has sent shockwaves through the community, predicting that Shiba Inu ($SHIB) could skyrocket to a $100 billion market cap! 🤑 With SHIB currently sitting at $0.00001856 (-0.58%), this ambitious call has sparked excitement and skepticism alike among traders and investors.
Gagain highlights Shiba Inu’s recent ecosystem developments and a strategic partnership with Mass, a company focusing on decentralized financial solutions, as major catalysts. To add fuel to the fire, Shiba Inu’s burn rate has surged by 14,570%, hinting at a possible price explosion on the horizon.
🔥 Jake Gagain's now-famous tweet: “$SHIB to 100 Billion or I Delete My X Account” has stirred up a frenzy, with Shytoshi Kusama cheekily responding: “Your words, not mine.”
With SHIB’s market structure looking solid and more partnerships forming, a major price rally could be in the cards. Will Shiba Inu live up to this massive $100B prediction? Keep your eyes on SHIB—this ride could be wild! 🚀
#MemeCoinTrending #SHIB100B #SHIBArmy #CryptoBuzz #BurnRate
🛩️THE SCALING @token2049 Singapore Event Recap ➿
This year at @token2049, we gathered 30+ distinguished VCs, 50+ global projects and over 1000 attendees in Singapore, with 0x499 participating as an official partner community, and THE SCALING was a highlight!
📽️ In this video, you'll see exclusive insights from top projects and leaders, along with behind-the-scenes stories that you won't want to miss.
Click here to watch the full recap video 👉 https://t.co/e2Si444HaL
See you next stop in Bangkok!
WORLDCOIN REBRANDS TO WORLD NETWORK AND LAUNCHES WORLD CHAIN ON MAINNET
Sam Altman-backed Worldcoin has rebranded to World Network and launched its World Chain mainnet, an Ethereum Layer 2 blockchain - $WLD
World Chain is designed to support verified human identities through World ID, offering savings on gas fees and participation in network governance.
{spot}(WLDUSDT)
Key partners at launch include Optimism, Alchemy, Uniswap, and Etherscan, as the project aims to differentiate humans from AI in the growing digital landscape.
Source: The Block & Mario Nawfal
ETHEREUM TO GET PECTRA UPGRADE
Ethereum’s dev squad just hit us with EIP 7742 for the Pectra upgrade.
Dynamic gas limit changes on mainnet? It's the way to level up.
Plus, EIP 3074 is bringing "social recovery," so forget those lost-key nightmares, one wallet, smart contract powers, and you don’t even need ETH to send txs anymore.
Pectra's set to roll out late 2024 or early 2025.
Source: Cointelegraph & Mario Nawfal
Eric Council Jr. pulled off a major SIM-swap hack, hijacking the SEC’s official X (formerly Twitter) account to spread false news about Bitcoin ETF approval.
This fake announcement led to a $1,000 Bitcoin price spike and millions in liquidations. He tried to profit from the sudden jump but was quickly caught by the authorities.
Now, he faces fraud and identity theft charges. The hack revealed weak security measures at the SEC, as their account lacked two-factor authentication, adding to the chaos
#xmucan #BTC
Brothers, this is what a bull market feels like! Bitcoin is still hovering around 67K, grinding upward, while my altcoins are already down 5%—this feels way too familiar. Look back at the charts: last year, right around this time, BTC exploded. The pattern isn’t just similar, it’s a repeat performance.
Last year, the bull run kicked off after breaking $31,500, and this year it’s all about smashing $73,000. The most important thing right now? Don’t get shaken out! Yesterday, Xia Ge doubled down during the dip, adding more BOME and Neiro. He’s right—this meme run isn’t over. Doge and Shib are still primed for a pump, and it’s only a matter of time before they start flying again.
Once $BTC Bitcoin pushes past $73K, the real fireworks begin. In a week or two, alts will follow, and when they do, it’s game on. Stay sharp, don’t get left behind—this is the bull market ride we’ve been waiting for!
When people say the crypto market is in a "whale trap," they refer to a situation where large investors or "whales" manipulate prices to deceive smaller traders. In this trap, whales may drive prices up or down, luring smaller investors into buying or selling prematurely. Once enough small investors take the bait, whales then reverse the price movement to profit from the smaller traders' positions, causing them losses.
This can occur during periods of volatility or after a rally when retail traders expect further gains but instead encounter sudden reversals orchestrated by whales. During a "whale trap," it's crucial to stay cautious, avoid chasing price movements, and stick to well-researched strategies.
A whale trap in the crypto market is a manipulation tactic where large investors, known as "whales," create false price movements to deceive smaller investors. Here's how it typically works:
1. **Price Pump**: Whales buy a significant amount of a cryptocurrency, causing its price to rise rapidly. This upward movement entices smaller traders (retail investors) to think that the market is bullish, prompting them to buy in at higher prices, hoping for continued gains.
2. **Price Dump**: Once enough retail traders have bought into the rising price, the whales start selling off their holdings, causing the price to plummet. Smaller investors who bought at the higher prices end up facing losses as the market reverses.
3. **Profit for Whales**: The whales profit from buying low and selling high, while smaller traders get caught in the sudden price reversal, often referred to as "getting trapped."
This tactic is common in highly speculative or less liquid markets, where a few big players can move prices significantly. It’s a risk for those who react to short-term price movements without fully understanding the underlying market dynamics.
“Solana is the biggest slap in the face for Ethereum maximalists”
As the competition between the top blockchains by market value continues, Solana has been seen to have a big lead over its competitors.
In the midst of the development and execution activities of Layer-1 blockchains, Ethereum’s performance below expectations has drawn attention. The scalability and validator issues of the Ethereum blockchain have shifted investor attention to Solana.
According to crypto analyst Ignas, Solana’s superior performance has accelerated Ethereum’s blood loss. While the ETH price has been on a downward trend for seven months, its biggest rival SOL has been on a bull run.
Ignas stated that Solana is a “slap in the face” to Ether maximalists. Ethereum ($ETH ), the second-largest crypto asset by market value, is stuck in a new monthly downtrend. The $ETH price has fallen by more than 36 percent in the last seven months, falling to $2,600. Analysts warned investors that the decline could deepen.
Crypto analyst Ignas noted the following in his post on X;
“In general, Ethereum could not win the layer-1 wars. The revenues from all layer-2s are not yet clear.” The analyst stated that layer-1s, which can be suitable for different use cases, have growth potential and that this competition will benefit the crypto industry.
Layer-1 wars include blockchains such as Ethereum, Solana, Avalanche and Fantom. Crypto commentators evaluate the competition in terms of scalability, security and user experience.
The analyst attributed another reason for Ethereum's blood loss to the fragmentation of transactions in the ecosystem by layer-2s. Ethereum scaling projects Arbitrum, Optimism and Starknet divide Ethereum's transactions. On the other hand, the Solana blockchain focuses only on $SOL .
Ignas noted the following on the subject;
“As more layer-2s are launched, liquidity and UX fragmentation problems get worse. With each layer-2, Solana’s monolithic approach becomes more attractive.”
#CryptoDeNostradame #ParrotBambooCrypto
🚨🚨Trump Family’s WLFI Tokens Raise $12.51M, But Less Than 1% of Supply Sold – Investors Remain Cautious🚨🚨
According to search.ichainfo.com, the Trump family’s World Liberty Financial (WLFI) project has sold $12.51 million worth of tokens so far. However, on-chain data reveals that the total amount of WLFI tokens held by buyers is still under 1% of the overall supply.
World Liberty Financial aims to create a blockchain-based lending platform, featuring a credit account system built on Aave and Ethereum. The project’s governance token, WLFI, will officially launch on October 15, 2024, with buyers able to purchase using ETH, USDC, USDT, and WETH after completing KYC requirements.
Tracking activity from the 0xe217e15b3c19cc0427f9492dc3bcfe8220afad10 smart contract shows funds being transferred to the 0x5be9a4959308a0d0c7bc0870e319314d8d957dbb address, where WLFI tokens are distributed in real time. This allows investors to monitor token sales as they happen.
The project is seeking to raise $300 million at a $1.5 billion valuation, selling 20% of its token supply at an initial price of $0.015. However, analysis reveals that the top 22 addresses controlling over 99% of WLFI tokens did not acquire them through purchases, indicating they may be controlled by the team.
With investors hesitant and the vast majority of the token supply still unsold, many are waiting to see if WLFI will prove to be a groundbreaking innovation or just another overhyped project. Only time will tell whether this venture will thrive or fall short.
#MemeCoinTrending #TeslaTransferBTC #USRetailSalesBoost #BinanceLabsInvestsLombard #BTCSoarsTo68K
💥💥 $REEF Plummets Over 50% in Just Hours: What Happened? 👇👇
The cryptocurrency REEF experienced a staggering drop of over 50% within a matter of hours, sparking widespread discussions throughout the crypto community.
Speculation on the Causes
Several observers have raised concerns about potential market manipulation as a possible cause for this sudden decline. Additionally, some analysts suggest that the crash may be tied to strategic sell-offs following Binance's decision to delist the token.
Traders' Responses and Recommendations
In light of this volatility, traders are sharing various strategies. Some recommend setting wider stop-losses to protect against further risks, while others view the dip as a buying opportunity, identifying new support levels that could serve as potential entry points.
Market Sentiment
This event underscores the unpredictable nature of cryptocurrency markets, emphasizing the importance of cautious trading strategies during periods of heightened volatility. As always, traders should remain vigilant and informed as they navigate these turbulent waters.
#TrumpDeFi #MemeCoinTrending #TeslaTransferBTC #USStockEarningsSeason #BTCSoarsTo68K
A delightful comment from a famous analyst: “Bitcoin will reach $500,000!”
Crypto analyst PlanB, who has nearly two million followers on X, made an outrageous price prediction for Bitcoin.
Bitcoin (BTC), which has been rising rapidly in recent days, has increased expectations with positive comments from analysts. The pioneer of cryptocurrencies, which has been rising breathlessly since $60,000, seems to be targeting $70,000 for now. However, this target may be just the beginning for the BTC bull. Crypto analyst PlanB suggested that BTC could reach $500,000 between 2024-2028, based on a past prediction.
PlanB, who stated in his post on June 16, 2019 that Bitcoin will exceed $50,000 after the halving and reach a market value of $1 trillion, emphasized that he was successful in his analysis with his new post. PlanB, who stated his new prediction, surprised his followers. The famous analyst thinks that $BTC will reach $500,000 between 2024-2028 and see a market value of $10 trillion.
Bitcoin, which has been on an upward trend since testing $59,600, was rejected at $68,000. $BTC , which changed hands at $67,091 as of the writing of the news, will first target $70,000 if it breaks the falling channel. It is highly likely that sales-oriented transactions will increase in this region. However, breaking $70,000 will start a journey towards ATH.
The end of the positive series in spot ETFs or BTC's second rejection at $68,000 will increase the selling pressure. In such a scenario, there may be pullbacks to $64,777 - 62,000 - 59,647 - 56,602 - 52,614 and $50,580, respectively.
#CryptoDeNostradame #ParrotBambooCrypto