Cryptocurrency liquidations reach $160m amid marketwide turbulence

The cryptocurrency ecosystem witnesses increased liquidations as the market weathers correction.

According to data provided by Coinglass, the total crypto liquidations have reached $160.71 million in the past 24 hours. The majority of the liquidations are long positions, worth roughly $127.53 million, as the market takes a U-turn.

Data shows that only $33.18 million worth of diverse cryptocurrencies have been purged from short positions.

Per Coinglass, the global crypto open interest decreased by 2.95% in the past 24 hours — sitting at $69.3 billion at the time of writing.

Moreover, the amount of Ethereum (ETH) liquidations reached $27.81 million, surpassing Bitcoin’s (BTC) $20.36 million.

According to a crypto.news report on May 23, the ETH to BTC trader exposure ratio has increased due to the approval of spot Ethereum ETFs in the U.S. Notably, before the approval of these investment products, permanent ETH holders accumulated over 100,000 ETH tokens on May 20.

Notcoin (NOT) gained the third spot with $6.2 million in liquidations in the past 24 hours, per Coinglass data. However, the amount of short NOT positions purged reaches $3.77 million while roughly $2.43 million worth of long positions have been liquidated. This is due to the 29% price rally of the asset.

The increased liquidations come as the global crypto market capitalization declined by 2% in the past 24 hours, falling from $2.7 trillion to $2.66 trillion, according to data from CoinGecko. The total daily trading volume plunged by 8%, currently hovering at $86 billion.

At this point, lower price volatility would be expected, at least for large cryptocurrencies, due to the declining trading volume and open interest.

Read more: Cathie Wood at Consensus 2024: Bitcoin is ‘unstoppable’
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21

🔥 Ethereum ETFs Inch Closer Toward Launch as BlackRock Updates Filing

Financial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange traded fund (ETF). The May 29 update for the iShares Ethereum Trust is the first tangible sign of progress toward the market availability of an ETH-based ETF since the bombshell approval of the new financial vehicle last week.
“This is almost certainly the engagement we were looking for,” observed Bloomberg ETF analyst James Seyffart on Twitter. “Issuers and SEC are working towards the snot Ethereum ETF launches.”

His colleague Eric Balchunas concurred that it was a “good sign,” noting that the other applicants will likely follow suit. If the SEC promptly provides them with “one more round of fine-tune comments,” he said that there's a possibility that Ethereum ETFs could debut next month.

“End of June launch a legit possibility, [although] keeping my over/under date as July 4,” Balchunas tweeted.

BlackRock first filed an S-1 form with the SEC for its product in November, following similar proposals from ARK Invest, Fidelity, and VanEck. Crypto custodian Grayscale is also in the mix, seeking to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF. A similar conversion is credited with paving the way for spot Bitcoin ETFs, which were approved in January and led to a surge in the price of BTC and bullish sentiment across the crypto sector.

With spot Bitcoin ETFs now holding over one million Bitcoin, hopes are high that funds based on the second-largest cryptocurrency by market cap will similarly move markets upward.

While attention turned immediately toward Ethereum in the wake of Bitcoin ETF approvals, prospects of ETH-based equivalents seemed to dim over the next few months. But the mood brightened significantly two weeks ago with separate reports that the SEC was preparing to approve them after all.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21

Shiba Inu Team Releases New Update for Shiba Eternity

The development arm of the Shiba Inu ecosystem has released a new update for Shiba Eternity, the cryptocurrency’s card collectible game (CCG).

Latest Features in Shiba Eternity:-
According to an X post shared by Shiba Eternity advisor Mazrael, the team has released v1.2.8, dubbed “Balancing Act.” The update brings a plethora of enhancements to Shiboshis, especially balancing its powers.

This suggests that the developers tweaked and modified the abilities of the Shiboshis collectibles to ensure fairness within the game.

“See you in Dogjo!” said Mazrael, as part of efforts to invite players to explore the latest changes in Shiba Eternity.

In a follow-up post, a pseudonymous Shiba Inu advocate shared a short clip showcasing the new features that came with Shiba Eternity v1.2.8. In the latest version, players can now stun the target’s enemy card using the frostfire blast, causing damage to its adjacent fighters.

Recovering from attacks in the upgraded version requires “2 BARK tokens.” Also, players will receive two armors when they use the cybernetic boost feature at the cost of 2 BARK tokens. Furthermore, players will be required to pay a fee of 2 BARK tokens to trade other tokens within the game.

Ongoing Development of Shiba Eternity P2E Version:-
The Shiba Eternity team has been working relentlessly to release the play-to-earn version of the game. This involves releasing important upgrades to fix some technical issues and also enhances its performance.

Last month, developers unveiled the first internal build of Shiba Eternity. It resolved certain issues associated with some cards, like Stealth Fighters and Princess Andromeda’s interaction with the game.
These updates are rolled out in preparation for the beta testing, which is expected to commence before the end of this quarter. Shiba Inu’s lead developer Shytoshi Kusama confirmed that beta testing of the P2E version of Shiba Eternity would commence in Q2 2024.
#Megadrop #MtGox #Shibalnu #EarnFreeCrypto2024 #ETHETFsApproved

Solana (SOL) Price Prediction for May 15

Bulls are trying to return to the game, according to CoinStats.

SOL/USD:-
The price of Solana (SOL) has increased by 1.07% since yesterday.

On the hourly chart, the rate of SOL might have set a local resistance level of $149.9. If buyers can hold the gained initiative and the bar closes near that mark, there is a chance to see an ongoing rise to the $152-$154 range tomorrow.

Bulls are also powerful on the bigger time frame. If the candle closes near the vital zone of $150, the upward move may lead to the test of the resistance of $158.5 soon.

From the midterm point of view, it is too early to think about a reversal as SOL has not accumulated enough energy yet.

Only if the rate gets back to $160 and fixes above it is there a chance to see a test of $180.

SOL is trading at $148.98 at press time.
#solanasummer #PEPEATH #GME #Memecoins #altcoins

XRP Whales Accumulate 540M XRP Worth $270M in 5 Weeks

Whale addresses are on an accumulation spree, having procured 540 million XRP worth over $270 million in the past five weeks.

Market veteran Ali Martinez called the public’s attention to this sustained accumulation pattern in a recent post on X, citing data sourced by on-chain intelligence resource Santiment. The buying spree comes up amid the ongoing market turbulence, which has seen XRP drop 16% since March 11.

XRP Faces Turbulence:-
For context, XRP capitalized on the market uptrend earlier this year to record an impressive price run. This rally allowed it to surge 53% from the low of $0.4853 on Jan. 31 to a yearly high of $0.7440 on March 11. However, this coincided with a push to a major resistance point, eventually leading to a price crash.

This crash was exacerbated by the market-wide turbulence, such as Bitcoin (BTC) and the rest of the market witnessed price declines. However, as XRP saw its price dip to lower levels, market participants took to accumulating more tokens in an apparent buy-the-dip pattern.

Whales Accumulate 540M XRP:-
As disclosed by Martinez, data from Santiment confirms that whale addresses holding between 1 million and 10 million XRP have been augmenting their balances since last month. Per the data, this cohort of addresses have procured 110 million XRP valued at $55 million over the last two weeks.
Due to this purchase spree, the cumulative balance of these whale addresses surged to 3.72 billion XRP, representing 6.7% of XRP’s circulating supply. Although this balance has dropped to 3.69 billion at the reporting time, it still represents an impressive uptick from the 3.61 billion figure recorded on April 29.

Bullish Sentiments Amid Price Struggles:-
Moreover, wallets holding 10 million to 100 million XRP have continued to increase in number since January. At the end of last year, these wallets amounted to 189. Nonetheless, they have increased to the current figure of 247, suggesting an addition of 58 new addresses this year.
#XRPUSDT🚨 #PEPEATH #GME #Memecoins

🔥 BREAKING! US Inflation Data Announced! Bitcoin is $64,000!

While Bitcoin, the leading cryptocurrency, followed a fluctuating course yesterday, it experienced declines and rises along with the events.

BTC, which rose before the PPI data, started to decline during FED President Jerome Powell's speech. It then rose again with news that the US state of Wisconsin had invested in a Bitcoin ETF.

While BTC continues its volatile movements, critical inflation data expected from the USA has been announced.

Here is the announced data:

Consumer Price Index Monthly: Announced 0.3% – Expected 0.4% – Previous 0.4%

Consumer Price Index Annual: Announced 3.4% – Expected 3.4% – Previous 3.5%

Core Consumer Price Index Monthly: Announced 0.3% – Expected 0.3% – Previous 0.4%

Core Consumer Price Index Annual: Announced 3.6% – Expected 3.6% – Previous 3.8%

The consumer price index is an important variable used to measure changes in consumer purchasing trends and US inflation.

A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD.

*This is not investment advice.*
#BTC🔥🔥🔥🔥🔥 #PEPEATH #GME #Memecoins #ETHETFS

Ripple Launches Brazil Fund to Drive XRP Ledger Innovation in LATAM

Blockchain payments firm Ripple Labs Inc. and its developers have launched the Brazil Fund as it looks to foster the development of XRP Ledger (XRPL) in the country. The company revealed that Brazil comes off as the first country it is announcing a major fund to support its local tech ecosystem.

Powering the Ripple XRP Ledger Hub:-
According to the firm, Brazil has showcased a promising trend toward blockchain innovation. This promise is showcased by the government’s active testing of various blockchain development programs through the Banco Central do Brasil (BCB)’s regulatory Sandbox.
Joining this strong development and regulatory foundation, Ripple said it has already allocated grants to two startups building on the XRP Ledger. The first startup is goAssets, a firm that has created compliant product aimed at tokenizing real-world assets.

The tokenization scene is heating up with many projecting it as the new frontier for blockchain technology. At the moment, BlackRock is looking to capitalize on this path with the launch of a yield bearing stablecoin on Ethereum. The firm’s convictions regarding tokenization was raised higher when it led the $47 million investment in Securitize earlier this month.

Besides BlackRock, other major banks and even the memecoin project Floki has joined the tokenization bandwagon. This positions the Ripple-backed goAssets as a likely pioneer in this growing niche.

Creating a Bright Future on XRP Ledger:-
The XRP Ledger is a highly functional Layer-1 blockchain whose capabilities are yet to be fully harnessed. The protocol still lags behind its core rivals like Ethereum (ETH), Solana (SOL) and Cardano (ADA) in terms of smart contracts functionalities.

With the help of Ripple Developers and the community, the XRP Ledger is looking to change the narrative. Besides the grand introduction of smart contract functionalities through Hooks, it has continued to welcome important sidechains.
#XRPUSDT🚨 #PEPEATH #GME #Memecoins #ETHETFS

This Week's Agenda in Bitcoin and Altcoins: US Inflation Data! While Inflation Remains Strong, Famous US CEOs Last Hope on the FED!

As we enter an important week where critical data for Bitcoin and altcoins will be announced, US CPI and PPI data will be announced this week.
Apart from these data, the statements of FED President Jerome Powell and many FED members will also be followed in crypto money and global markets.

While the predictions in the market are for the Consumer Price Index (CPI) to remain strong in April; Inflation remained stubbornly above the Fed's 2% annual target in the first half of this year, even as higher interest rates dragged it down.

FED officials generally state that it is too early to reduce interest rates and that inflation is still well above the 2% target.

At this point, while expectations for the FED's interest rate cut have decreased since the beginning of 2024, a leading commentary platform, The Kobeissi Letter, stated in its latest assessment that the general expectation is that the CPI will remain high and said, “If the CPI rises again this week, this will indicate the third consecutive monthly increase.” ” said.

The Kobeissi Letter also included the thoughts of the CEOs of leading US companies about the possibility of a rate cut by the FED.

Stating that according to the April Conference Board CEO Confidence survey, the majority of US CEOs expect the FED to cut interest rates only once this year, Kobeissi said, “31% of the 136 CEOs who participated in the survey said they do not expect any interest rate cuts this year; % “26 of them said they expected only two interest rate cuts,” he said.

“38% of famous CEOs expect only one interest rate cut in 2024, while markets are pricing in only 2 interest rate cuts this year, the first of which will be in September.
*This is not investment advice.*
#notcoin #BTC🔥🔥🔥🔥🔥 #ETHETFS #altcoins #BinanceLaunchpool

🔥 Solana (SOL) Skyrockets 1,966% in Fund Flows: Is Solana ETF Possibility?

As became known, Solana (SOL) has experienced an unprecedented surge of 1,966% in fund inflows in the past week, firmly establishing itself as a standout leader in alternative cryptocurrency-focused investment products over the past week.

According to the latest report from CoinShares, a substantial $5.9 million was directed toward SOL-related products within this short time frame. This surge not only reaffirms SOL's dominance but also marks a nearly twenty-fold increase in inflows into Solana ETPs, totaling an impressive $17 million since the beginning of the year.

Contrary to this notable uptrend in SOL, the broader market landscape paints a different picture. While investment products for digital assets witnessed a commendable $130 million inflow, volumes for ETPs experienced a significant decline, dropping from April's $17 billion to $8 billion.

This trend suggests a diminishing involvement of ETP investors in the cryptocurrency ecosystem, now constituting only 22% of the total volume on global reputable exchanges.

When is the Solana ETF?
Amid growing interest from traditional investors in SOL, speculation arises regarding the feasibility of a Solana ETF. However, the potential for such an ETF is closely tied to the fate of the Ethereum ETF. With it facing regulatory obstacles, the path to a Solana ETF appears equally challenging.

Notably, regulatory ambiguity surrounds Ethereum ETF status, with the SEC's classification of SOL as an unregistered security in last year's case against the Kraken exchange adding to the uncertainty.

As investors await clarity on the ETF front, the prospect of a Solana ETF remains speculative, contingent upon regulatory developments and the resolution of Ethereum's ETF dilemma.
#SolanaInvesting #notcoin #ETHETFS #altcoins #BinanceLaunchpool

Ripple Bets Big in Japan: BD Role Open, VP Emi Yoshikawa Says

Following the game-changing announcement about SBI joining the XRP Ledger validator ecosystem, Ripple's VP Emi Yoshikawa announced the opening of a major position for XRPL progress in Japan.

Ripple is looking for BD experts to propel XRP Ledger adoption in Japan:-
U.S. fintech decacorn Ripple is actively looking for a business development manager who will be focused on promoting the adoption of XRP Ledger to Japanese companies. Such an announcement was made by Ripple's Strategic Initiatives VP Emi Yoshikawa on her X (formerly Twitter) account.

The ideal candidate should demonstrate strong interest and passion for Web3 and crypto segments and have business development experience. Also, they are expected to be cased in Tokyo, have flexible time resources and the ability to frequently participate in Web3-related events in-person.

Yoshikawa highlights that joining Ripple as a business development officer for B2B clients in Japan unlocks amazing career opportunities for potential candidates:

This is your chance to be involved in Web3 business development in a dynamic and fast-paced environment

The VP added that this position welcomes curious persons enjoying interacting with others.

As covered by U.Today previously, in Q4, 2023, Ripple opened a number of positions for expansion in Canada with B2B in focus as well.

Japanese heavyweight SBI VC Trade joins XRPL as a validator:-
For many years, Ripple has been a prominent player on the Japanese remittances market thanks to its ties with SBI, a local fintech behemoth.

Yesterday, it was announced that one of SBI's subsidiaries, SBI VC Trade, will be responsible for running a validator of the XRP Ledger blockchain network.

The XRP price is 1.21% up today; the coin is changing hands at $0.5051 on major spot centralized exchanges.
#RippleXRP? #BinanceLaunchpool #ETHETFS #ETFvsBTC #altcoins

Renowned Economist Reveals "The Date the Bull in Bitcoin Will End" and "The Peak Level BTC Will See"

Famous economist Timothy Peterson made some interesting predictions about the future price of Bitcoin in a recent statement. Known for his illuminating analyzes of cryptocurrency markets, Peterson based his predictions on Bitcoin's historical price behavior.

According to Peterson, Bitcoin price experiences a pullback from the moment it reaches its all-time high, and on average it consistently breaks the all-time high record again after 320 days.

Based on this historical trend, Peterson predicts that the current bull market will end in January 2025.

But Peterson didn't stop there. He also made a bold prediction about Bitcoin's peak value this cycle. “Based on adoption and previous declines, we can predict that the peak value of this cycle will be between $175,000 – $350,000 within the next 9 months,” he said.

But Peterson was careful to qualify his predictions. “That is, if the future is anything like the past,” he added, acknowledging the uncertainty inherent in predicting market trends.

BTC prices reached an all-time high in March this year.

*This is not investment advice.*
#BTC #BinanceLaunchpool #ETHETFS #ETFvsBTC #altcoins

Long-Term Holders Not Selling Bitcoin Following Peak At $73K

Bitcoin price has been on a downtrend for 2 months and failed to hold upside momentum, with bulls turning weak. Bitcoin on-chain data reveals long-term holders (LTH) are currently not selling following a peak at Bitcoin all-time high.

Long-Term Bitcoin Holders Remain Bullish:-
CryptoQuant verified on-chain analyst Axel Adler Jr in a post on X on May 11 shared a key on-chain metric indicating that long-term holders are not currently their holdings. Bitcoin price has struggled to recover fully due to macroeconomic concerns such as Fed rate cut jitters.
Long-Term Holder Spending Binary Indicator showed Long-Term Holders (LTH) sold 1.3 million BTC when Bitcoin hit over $73,000. However, they are not currently selling their BTC holdings anymore.

The smart money is looking to enter Bitcoin at the local bottom. “They currently have a lot of cash, around 1.3 million BTC,” he added.

Furthermore, he believes it is the perfect time for a deep correction to filter out all the non-serious crypto investors. Short Term-Holders (STH) had three major profit-taking events at levels 28K, 44K, and 72K, but there was only deep correction in August-September last year.

May has key events next week such as PPI, CPI and Fed Chair Jerome Powell’s speech. The recent University of Michigan consumer sentiment data revealed a fall from 77.2 in April to 67.4 in May, the lowest in six months and also missed market expectations of 76. Furthermore, inflation expectations for the year ahead rises to 3.5%, a six-month high from 3.2% in April. Also, the five-year inflation outlook hit 3.1% from 3.0%.
#BinanceLaunchpool #ETHETFS #ETFvsBTC #altcoins #BTC

Bitcoin repeats '2016 history perfectly' amid $350K price prediction — Traders

Bitcoin's price chart is resembling that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders.

Bitcoin BTC $60,980 is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it reaches $350,000 during "the peak" of this cycle, according to crypto traders.

“Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom of its current re-accumulation range within a three-week window after the Halving,” pseudonymous crypto trader Rekt Capital declared in a May 11 post on X.

Rekt indicates that the re-accumulation range at this point of the cycle is any price below $61,081— which Bitcoin is currently trading below that at $60,901, according to CoinMarketCap data.
Furthermore, Rekt highlighted Bitcoin is currently in the "last pre-halving retrace" stage, which, once it passed in 2016, saw a 48% spike just six months later on Dec. 30, to $973.

However, the price drawdown from the all-time high (ATH) chart — which measures the decline from Bitcoin's peak to its lowest point over a specific time frame — suggests a much more ambitious price, according to founder and investment manager at Cane Island Alternative Advisors Timothy Peterson.

Referencing the chart, Peterson estimates that Bitcoin's current price may rise nearly sixfold by the beginning of 2025.

“Based on adoption and prior drawdowns, we can guesstimate that the peak value of this cycle would be between $175,000 - $350,000 in the next 9 months,” he explained in a May 11 post on X.
“Based on history, we can say that this bull market will end in January 2025,” Peterson added.
#BinanceLaunchpool #ETHETFS #ETFvsBTC #altcoins #BTC

Here's When Shiba Inu May Hit $0.005 and $0.025 If Shibarium Burns 100T SHIB per Year

Let’s find out how long it might take for Shiba Inu to hit $0.005 and $0.025 if the ecosystem layer-2 blockchain Shibarium burns 100 trillion SHIB tokens a year.

Shiba Inu’s attempt to replicate its past monumental upsurge, which turned $12 to $1 million in 2021, has met a massive roadblock in the form of its circulating supply. SHIB was able to engineer the price run from 2020 to 2021 due to a confluence of multiple factors, such as increased demand and bullish market momentum.

Shiba Inu Faces a Roadblock:-
However, one important factor that allowed this upsurge to materialize was its low market cap, which stood at a mere $11,359 in January 2021, according to CoinGecko data. Such a low market capitalization showed that SHIB had room for growth, with this growth resulting in a surge in valuation to $36 billion in October 2021.

At this valuation, which came up when SHIB hit the ATH above $0.00008, it was much more difficult for the canine-themed token to record further upside swings. Consequently, for Shiba Inu to see a similar price uptrend, its circulating supply needs to be trimmed down, allowing room for additional growth.

This theory birthed the Shiba Inu burn campaign, which the community has continued to champion. Shibarium, the ecosystem’s layer-2 scaling solution, is designed to support this campaign by incinerating SHIB with a portion of its gas fees. However, a slowdown in community adoption has not yielded the desired results.

What if Shibarium Burns 100T SHIB a Year?
So far, Shibarium has burned over 56 billion SHIB tokens since its launch last August, with the development team looking to transition from a manual to an automatic burn model. There have also been rallying calls for increased community usage of Shibarium and projects on it to bolster the burn process.
#SolanaMemeCoins #SHIB #ETHETFS #altcoins #BlackRock

Solana drops 5% on the new FTX plan, quick rebound to wipe $125M shorts

If Solana recovers as quickly as it has in recent times, approximately $125 million in short positions will be liquidated.
Solana dropped 5% in a day amid further FTX sell-off concerns, and current trader positions suggest $125 million is in jeopardy if it were to bounce back as it has in recent times.

The price decline comes alongside a 40% decrease in open interest (OI) of Solana’s
SOL $143 over the last 30 days, down to $1.78 billion on May 9, according to CoinGlass data.

The steep decline in OI typically signals that traders are uncertain about the cryptocurrency and are not confident in taking positions on the asset’s price.
However, Solana has a recent knack for recovering quickly from its dips, which, as of now, could jeopardize over a hundred million dollars in short positions.
Over the past 30 days, Solana has seen periods where its price has dipped and recovered 5% within 24 hours.

On April 19, Solana saw a similar 5% decrease before quickly recovering to $157 within hours, just ahead of the Bitcoin halving on April 20.

Similarly, if Solana’s price rises 5% to regain its May 7 price of $157, $125 million in short positions will be liquidated.
Just days before Solana dipped on May 7, pseudonymous crypto trader CryptoAce told his 13,400 followers on X that Solana’s price was “inside the resistance box” and accurately predicted that a rejection would lead to a drop toward the $142.50 level.
However, Solana’s most recent fall may be attributed to FTX announcing on the same day that it had adequate funds to repay victims of the exchange’s collapse once it sold off its assets — a large portion of those being Solana.
#SolanaMemeCoins #SHIB #ETHETFS #altcoins #BlackRock

Top Analyst Predicts Massive Drop for Solana-Based Memecoin That Exploded Over 42x in Four Months

A widely followed crypto analyst and trader is expressing bearish sentiment on a top-50 memecoin by market cap.

The analyst pseudonymously known as Bluntz tells his 258,100 followers on the social media platform X that dogwifhat (WIF), which is built on the Solana (SOL) blockchain, could drop by around 66% from the current level.

According to Bluntz, who regularly applies the Elliott Wave theory in his technical analysis, WIF is likely in the process of completing a corrective three-pattern wave. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.

Based on the pseudonymous analyst’s chart, it appears that WIF could bottom out at around the $1 price before resuming an upward trend to new all-time highs.

WIF, which is currently the 43rd-largest crypto asset by market capitalization, is trading at $2.94 at time of writing. The Solana-based memecoin reached a low of $0.069 on January 10, a gain of 42.61x in four months.

Besides Bluntz, the analyst pseudonymously known as Credible Crypto also says that he expects WIF, as well as other memecoins, to fall. According to Credible Crypto, WIF could drop by around 47% from the current level.

“If you still haven’t taken a look and/or refused to open your mind to the possibly of a sub $2 WIF and major drops across the board for Dogecoin (DOGE) and other memes, it’s not too late.”
#SolanaMemeCoins #SHIB #ETHETFS #altcoins #BlackRock

Shiba Inu to $0.0194 : Google, Bard, ChatGPT, and Changelly Predict Timelines

Multiple entities, including crypto exchange Changelly and AI chatbots Google Bard and ChatGPT, are projecting timelines for Shiba Inu to reach the $0.0194 level.

Shiba Inu is looking to reclaim the losses of the previous market downtrend, which triggered a 20% decline from April 23 to the end of the month. Overall, SHIB collapsed 27.16% in April. However, the month of May began with a bullish setup, with Shiba Inu already up 9.16% in less than a week.

Shiba Inu’s recovery campaign has been bolstered by the relief rally in the broader market, buoyed by Bitcoin’s (BTC) growing strength. SHIB recently tore through the 20-day EMA ($0.0002428) when it soared to a high of $0.00002632 on May 4. However, a resistance point at this level triggered a mild drop to the current value of $0.00002250.

Projected Timelines for SHIB to Hit $0.0194:-
Changelly recently presented an updated analysis of Shiba Inu’s current market position and possible price trajectory. The report confirmed that SHIB’s present market sentiments are 86% bullish, confirming that most investors remain confident in their recovery push.

They then projected that Shiba Inu would end the month of May at $0.00008503, slightly below its all-time high price of $0.00008845. This figure marks a 247% increase from SHIB’s current price, reflecting the predominant bullishness around the canine-themed cryptocurrency.

However, analysts at Changelly reserved the audacious price targets for much later dates. They predict Shiba Inu will erase one more zero in December 2027 and trade at $0.000102. They then expect the removal of an additional zero in January 2040 and one more in July 2040, projecting a maximum price of $0.0103 at this point.
The report further predicts that Shiba Inu could then reach the elusive $0.0194 price zone in July 2050, ten years after it clinches the $0.01 price level.
#SolanaMemeCoins #SHIB #ETHETFS #altcoins #BlackRock

Shiba Inu Calls SHIB Army For This Epic Event: Details

The Shiba Inu ecosystem official X account has called the SHIB Army to graze an occasion where it will be speaking for the first time ever.

The official X account of the Shiba Inu ecosystem has invited SHIB enthusiasts to a discourse where it plans to address community members in speech for the first time. This event is unfolding through an X Space scheduled for today at 7:00 PM UTC.

Shiba Inu To Speak for the First Time:-
In the announcement, the verified Shiba Inu X handle stressed that this upcoming event will be its inaugural appearance on Twitter Spaces. Highlighting the occasion’s significance, it encouraged community members to set a reminder and join in when it goes live.

Notably, the Shiba Inu team has prepared a nostalgic journey for the X Space event, promising to share epic tales from SHIB’s initial chapters. Attendees can expect to explore the project’s storied past and celebrate the milestones that have shaped its success through the years.

The host of this scheduled event is K9 Finance DAO, Shiba Inu’s partner and validator on the Shibarium blockchain.

K9 Finance has expressed delight in hosting this mega-event, which is part of its Weekly DAO Update series. It teased an electrifying experience, stating, “We’re gonna shock the world with Shiba Inu as they speak for the first time ever.”

Shiba Inu Army Reacts:-
Notably, members of the community have shown enthusiasm for the upcoming event. However, there is a growing curiosity regarding who will represent the SHIB team and speak through the official Shiba Inu X account.

Additionally, there is speculation about the mode of communication—whether the Shiba Inu team will speak with a natural human voice or adopt an AI voice.
This curiosity is fueled by past events, such as the Shibarium unveiling last year, where Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, addressed the community using an AI voice.
#SolanaMemeCoins #SHIB #ETHETFS #altcoins #BlackRock

357.3 Billion PEPE Purchased on Binance After Major Meme Coin Development

A major analytics account on X @lookonchain spreads the word about a new PEPE whale being born after he withdrew a hefty amount of meme coins from Binance.
It happened after the popular meme cryptocurrency, PEPE, demonstrated a rise of almost 7% earlier today. Besides, a major new development on the meme coin market has made ripples within the crypto community.

New whale grabs 357 billion PEPE as price rises:-
Lookonchain reported that a fresh crypto whale withdrew 357.34 billion PEPE after a likely purchase on Binance. This amount of the meme coins comprises the equivalent of $2.9 million in fiat.
Aside from that, earlier today, 36,432,242,150 PEPE were also exchanged between anonymous wallets, and a whopping 121,152,428,401 PEPE were transferred from an unknown address to a blockchain wallet hosted by the Kraken exchange.

Today, the popular meme-inspired cryptocurrency, PEPE, soared by roughly 7%, hitting the $0.00000821 level. A small decline then followed, taking the PEPE price down 4.16%. At the time of this writing, the coin is changing hands at $0.00000804.

VanEck starts tracking meme cryptocurrencies:-
Major wealth funds manager VanEck, one of the spot Bitcoin ETF issuers, has extended its interest in the meme coin part of the cryptocurrency space. On Wednesday, it was widely reported that VanEck launched a new index to track the six largest and the most popular meme coins.

The new index is called MarketVector’s Meme Coin Index, and it trades under the symbol MEMECOIN. This index includes the following meme cryptocurrencies – DOGE, SHIB, PEPE, WIF, FLOKI and BONK.

This major development for meme coins has not had any significant impact on their prices so far. Dogecoin has dropped by 3.64% within the last 24 hours. As for Shiba Inu, it continues to trade sideways in the $0.00002253 price range.
#pepepumping #SolanaMemeCoins #SHIB #ETHETFS #altcoins

Cardano Creator Takes Sudden Turn Toward Bitcoin Cash: Details

In an unexpected turn of events within the cryptocurrency community, the founder of Cardano has recently expressed an interest in Bitcoin offshoot, Bitcoin Cash (BCH).

This unexpected development has sparked speculation and curiosity among crypto enthusiasts, as the Cardano's founder's attention turns toward a different cryptocurrency project.

Charles Hoskinson, the visionary behind Cardano, expressed interest in Bitcoin Cash (BCH) on social media, catching many by surprise.

In a tweet, Hoskinson expressed interest in the Bitcoin Cash road map, requesting anyone in the community to explain what's going on in the developer community and some of the BCH project's near-term priorities.

"I'm curious about Bitcoin Cash's roadmap. Can anyone from the Bitcoin Cash community point me to what's happening on the Dev side and some of the near-term priorities," Hoskinson wrote.

Bitcoin Cash (BCH) is a fork of the original Bitcoin blockchain created in 2017. While it has some similarities to Bitcoin (BTC), Bitcoin Cash (BCH) has established its niche in the cryptocurrency market, attracting its community of supporters and developers.

The arrest of Roger Ver, an early crypto investor known as "Bitcoin Jesus" and an ardent supporter of Bitcoin Cash, shocked the cryptocurrency industry this week. Roger Ver has been a notable supporter of the Bitcoin spin-off since 2017.

Hoskinson, a passionate supporter of the creation of a more secure, scalable and sustainable blockchain ecosystem, has typically focused on the advancement of Cardano's ecosystem. However, the recent attention towards Bitcoin Cash may suggest a broader strategy that is unfolding.
Despite this, the exact reason for the sudden interest in Bitcoin Cash by the Cardano founder remains unknown as well as where it might lead.
#CardanoPredictions #BTC #altcoins #BlackRock #eth‬