If you hold $SHIB then this article is a MUST read for you. I will logically assess Shiba Inu's future price and Potential 💫Despite its impressive performance in the past couple of years, Shiba Inu is very unlikely to reach $1 or 50 cents because its circulating token supply is simply too large. However, that doesn’t mean that Shiba Inu doesn’t have a lot of upside potential.Although meme coins have been around since 2013, when Dogecoin was created, it was in 2021 that they became mainstream. Their popularity was mostly due to the promotion of $DOGE by popular individuals such as Elon Musk and Mark Cuban. With the hype around Dogecoin, other meme coins enjoyed some interest. But at the end of the day, the significant winners were Dogecoin and Shiba Inu.💸 Key takeaways on Shiba Inu coin reaching $1 or 50 cents💸 :At the current circulating supply of 589 trillion Shiba Inu coins, the meme currency has a market cap of $5.56 billion.If SHIB reaches $1 at the current circulating supply, Shiba Inu would command a market cap of $589 trillion, which is just not feasible.The only way for the Shiba Inu price to reach $1 or 50 cents is if the circulating supply would decrease substantially through a token burn program.The Shiba Inu team recently launched Shibarium, which is a layer 2 solution that burns SHIB for every transaction, which could drastically reduce the SHIB supply over time.The CoinCodex price algorithm forecasts that SHIB could increase by over +292% by the end of 2025 and +456% by 2030.🌿Shiba Inu token is a meme coin created in August 2020 by an anonymous individual called Ryoshi & developed by the leading Developer Shytoshi Kusama🌿 Its name is based on the Shiba Inu dog on Dogecoin, and they are both similar. The only significant difference was that the creators built Shiba Inu on the Ethereum network. Although launched in 2020, it became popular in 2021 after Vitalik sold 50 trillion SHIB tokens and donated the proceeds to the India COVID fund. 🚀SHIB rose by over 85,000,000% within a year and hit its all-time high on October 28, making it the most prominent example of a monumental bull run in crypto history🚀Its meteoric rise has made many speculate whether it could even rise higher. In this article, we’ll discuss the prospects of Shiba Inu hitting major price milestones and explore SHIB price predictions.So the short answer to whether the Shiba Inu coin can reach 50 cents is a "🔥NO🔥" The main restrictive factor is SHIB’s circulating supply, which would, at current amounts, produce a market cap of nearly $294.5 trillion if the meme coin were to reach the $0.50 mark.We will concede that this answer could change dramatically in the future. Some believe that the circulating supply of SHIB will increase drastically with the increased usage of the Shibarium Layer 2 network, which burns SHIB for every transaction. There is little indication to believe that the burn rate will be sufficient to propel the price of Shiba Inu to 50 cents. However, the SHIB burn could still contribute to Will the Shiba Inu coin reach 50 cents?🔅Conclusion🔅Unless something fundamental, such as its volume, changes, Shiba Inu cannot reach $1, or even 50 cents for that matter. But it might reach 1 cent after some years of token burns and deflationary mechanics that went live with Shibarium. In any case, Shiba Inu is one of the best cryptos under 1 cent to buy, thanks to its vibrant ecosystem and robust community.When it comes to cryptocurrencies, the unpredictability of the prices is always an important factor. So, it is essential to research any cryptocurrency before you decide to invest in it.Follow & Like for MORE Exclusive News🥂#Write2Earn #TrendingTopic #SHIB 🖋 Written by @CryptoVenom

Starknet's STRK token jumped as much as 10% Thursday after developer firm StarkWare agreed to drastically reduce the number of tokens allocated to the team that are scheduled to unlock in April, after heavy criticism from the community.

The statement came after the Ethereum layer-2 project this week airdropped more than 700 million tokens to early users, contributors and other targeted groups, with the additional disclosures that developers and investors might be able to start sell much of their own allocations as early as next month. The market capitalization of the tokens, based on the circulating supply, currently stands around $1.44 billion.

"After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare's early contributors and investors to make it more gradual," according to an emailed statement. StarkWare is the primary developer behind Starknet, a layer-2 blockchain atop Ethereum.

Under the new schedule, 0.64% of the 10 billion tokens initially minted will unlock on April 15, instead of the planned 13.4% (1.34 billion tokens), according to the statement.

"The gradual unlock will continue at a pace of 0.64% (64 million tokens) monthly until March 15, 2025, after which it will change to 1.27% (127 million tokens) monthly for the next 24 months until March 15, 2027," StarkWare said.

"Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule," according to StarkWare. "1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027."

Starknet, developed by developer firm StarkWare, is a layer-2 network that makes use of zero-knowledge cryptography, allowing decentralized applications operating on top of it to scale the Ethereum blockchain. It does this by bundling transactions off-chain into a proof that is submitted to Ethereum, which in turn is supposed to process the transaction faster and lower fees for computing them.

Starknet's token unlocking schedule for the development team and early investors came under criticism from market observers. STRK started trading at $5 earlier this week, then quickly fell. At press time, the token was changing hands at $2.

After The recent bullish rise of 30%, Solana climbed above $110 this week and most analysts are predicting a sharp rise to $140. The surge of SOL is not only proof of its resilience, but also speaks to the revival of the entire crypto market. Continued ecosystem development initiatives provide a positive outlook for Solana in the coming weeks.

Solana Bullish Predictions

Solana has grown at a rapid pace since October 2023. This rally culminated in a December 2023 high of $126. After almost two months of decline, SOL found its footing and launched a new bullish move, strengthening by 30%. The token is now approaching its 2023 high, just below critical long-term horizontal and Fibonacci levels.

source: tradingview

The weekly relative strength index (RSI) is giving mixed signals. Although the RSI is above 70 and rising, it could form a bearish divergence depending on the weekly close.

What Do Analysts Say?

Cryptocurrency traders and analysts on Platform X are positive about Solana’s potiential. On the other hand, Inmortalcrypto expects SOL to rise to at least $140.

Sam MTI wrote that SOL has started a new bullish phase up thanks to a resistance breakout. Bluntz_Capital analyzed the SOL/ BTC pair, predicting a bullish breakout that would see the price of SOL surpass Bitcoin. Since the BTC trend is bullish, he believes that the SOL /USD pair will rise parabolically and break through the $150 level in the long-term timeframe.

sol/btc shaping up beautifully here.$sol is gonna rip imo, $150 LFG pic.twitter.com/gU6cuZwWb8

— Bluntz (@Bluntz_Capital) February 12, 2024

 

The VR Soldier team of analysts believe that the driving force behind the rally appears to be a surge in interest in DeFi protocols on Solana, also it’s associated with the Jito (JTO) airdrop. The influx of capital into projects such as Jito, Kamino and Blazestake has fueled demand for SOL, pushing the price of the asset higher. Also they highlighted the fact that Solana is growing and forming a bullish candle on the weekly timeframe.

SOL Forecast: New Yearly Highs Are Coming!

The daily timeframe is strongly bullish, supporting the continuation of the upward movement. It shows that price has risen since moving below the range low in January 2023.

The RSI, meanwhile, rose above 50 shortly after Solana recovered above the midline of its price range. SOL is now approaching the maximum range. This coincides with the ongoing RSI uptrend.

If the price continues to rise, it could reach the next resistance at $140, 22% above the current price. This is also close to the previously identified long-term horizontal level and Fib resistance level.

Despite the bullish outlook, a rebound in SOL from the range high could trigger a 10% drop back to the mid-range around $102.

The post Solana: Analysts Predict a Bullish Surge to $140 first appeared on The VR Soldier.