#Dogecoin could exceed the $1 psychological mark if Bitcoin and Ethereum spike to $325,000 and $22,500, as projected by VanEck.
Crypto prices have soared tremendously since last month, with top assets like Bitcoin (BTC) and Ethereum (ETH) surging above $100,000 and $4,000, respectively. Although ETH has witnessed a pullback below the $4,000 mark, Bitcoin currently trades above $100,000.
Nonetheless, the premier crypto assets are preparing to clinch some audacious targets issued by top experts. Specifically, Matthew Sigel, Head of Digital Asset Research at VanEck, set a bullish price target of $325,000 for Bitcoin in June. Interestingly, he also projected that Ethereum will someday trade at $22,500.

Dogecoin Correlation with Bitcoin and Ethereum 

If VanEck’s prediction for Bitcoin and Ethereum comes true, other crypto assets like Dogecoin (DOGE) will also surge to unprecedented levels, given their correlation.
The price movements of Bitcoin and Ethereum usually determine the trajectory of other assets like Dogecoin. An increase in Bitcoin and Ethereum prices translates to a positive performance for DOGE and vice versa.
Data from IntoTheBlock shows that Dogecoin has a 97% correlation with Bitcoin over the past 30 days. Similarly, Dogecoin also boasts a strong correlation of 86% with Ethereum’s price action in the same timeframe.
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The #shiba⚡ Inu decentralized exchange (DEX) ShibaSwap is gearing up for a major upgrade with the anticipated introduction of liquid staking.  
Shibarium Updates (@Shibizens), an X channel focused on Shibarium ecosystem disclosures, alerted the public to the upcoming upgrade over the weekend. 
“Liquid staking is coming to ShibaSwap,” the channel remarked, describing the upgrade as the next level of DeFi. 
According to the latest disclosure, the development was unveiled on Shiba Inu’s rebranded website. 

Liquid Staking on ShibaSwap 

Notably, the liquid staking feature will enable ShibaSwap users to stake their tokens on the DEX while retaining liquidity. Through the feature, users can earn rewards on their staked assets and still gain access to their locked assets. 
Upon staking their tokens through the liquid staking feature, users will receive liquid tokens representing their staked assets. Interestingly, users can utilize the liquid tokens for trading and as collateral on DeFi platforms. 
In the ShibaSwap case, @Shibizens disclosed that users will receive liquid Treat tokens (veTREAT) when they stake their TREAT tokens using the liquid staking feature. 
Aside from representing users’ stakes, veTREAT also grants holders governance power to control the allocation of rewards for liquidity mining. It bears mentioning that TREAT is not yet available for public use. 
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Today, #XRP witnessed a major comeback after losing the $2 range during the market-wide dump of the last two days.
Notably, the turnaround emerged as the New York Department of Financial Services (NYDFS) approved Ripple’s RLUSD stablecoin, a product designed to enable cross-border payments.
The regulatory green light, announced by Ripple CEO Brad Garlinghouse, follows months of review, positioning Ripple for the imminent mainnet launch of its dollar-pegged stablecoin.
Ripple’s CEO also revealed plans to announce exchange and partner listings soon, signaling preparations for the stablecoin’s rollout. Additionally, Garlinghouse cautioned XRP community members not to fall for scams amid the ongoing excitement about coming to RLUSD. “When RLUSD launches, Ripple will be the first to share the news,” he said.

XRP Price Reaction

Ripple’s announcement of RLUSD approval spurred notable activity in the market. XRP, the crypto asset closely associated with Ripple, experienced a surge following the news.
After dipping to a low of $1.91 on Tuesday, XRP has rallied to $2.41 today, reflecting a 26.17% comeback.
XRP has retraced slightly as of press time, trading at $2.33 amid selling pressure. XRP’s market capitalization is now closing in on Tether’s $138 billion valuation once again.

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The stakes for a strategic #Bitcoin reserve among countries are rising, with Russia becoming the latest to receive such a proposal.
A Russian lawmaker has proposed to the country’s finance ministry that it adopt Bitcoin as a treasury reserve asset. State Duma Deputy Anton Tkachev of the New People party submitted the proposition on Monday, local news outlet RIA Novosti reported.
Tkachev urged Russia’s finance minister, Anton Siluanov, to consider investing in Bitcoin as a reserve asset, as the country does with other traditional financial assets. The lawmaker suggested that considering its unique qualities, Bitcoin would provide economic upsides for Russia.

Lawmaker Teases Bitcoin as Russia’s Economic Solution

The lawmaker cited that Bitcoin would provide respite for Russia on key economic fronts. According to him, Bitcoin as a treasury reserve asset would hedge the economy against the inflation affecting fiat currencies, bolstering the country’s financial stability. 
Furthermore, the decentralized nature of the Bitcoin technology will help Russia avert Western sanctions. With the innovation, the lawmaker implied that Russia could carry out cross-border transactions without bounds or restrictions.
Meanwhile, Tkachev also views Russia’s adoption of Bitcoin as a ploy to tap the asset’s growth potential. The report noted that Bitcoin’s historical price performance, including its recent surge past $100,000, shows the asset can preserve value while providing substantial gains for the country.

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MicroStrategy, Tesla, and other major public entities record substantial gains on their stashes following Bitcoin’s price explosion past $88,000.
Data from the Saylor tracker shows that MicroStrategy’s Bitcoin stash is now worth $24.96 billion. Notably, the Michael Saylor co-founded software firm spent $11.98 billion to acquire its 279,420 BTC stash at an average price of $42,888. However, its Bitcoin portfolio has grown by over 108%, providing a staggering $12.97 billion unrealized gain.
Elon Musk’s Tesla spent $1.5 billion to acquire Bitcoin in February 2021, becoming the public firm with the largest Bitcoin holding at the time. Although the firm had sold 85% of the acquired stash, its 11,509 BTC stash has surpassed the $1 billion valuation.
El Salvador’s portfolio tracker shows it has acquired 6,154 BTC at an average price of $44,324. Meanwhile, the stash is now worth $502 million, with 99.32% of its valuation ($136 million) an unrealized profit.
Bhutan, the small Asian country, which acquired Bitcoin through its mining activities, now holds over $1 billion worth of the crypto firstborn. When its stash went public two months ago, Bhutan’s Druk Holdings held 13,036 BTC, worth $770 million.

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In a remarkable turn of events, the market valuation of Bitcoin has officially surpassed that of silver in the global ranking of the most valuable assets.
Today, Bitcoin reached a new all-time high of $89,956.  At press time, Bitcoin is exhibiting strong momentum to break into the $90K range for the first time. As a result, Bitcoin now boasts an impressive market cap of over $1.77 trillion. Its fully diluted market cap is even more substantial, standing at $1.88 trillion.
This milestone comes as Bitcoin continues its upward trend, which gained significant momentum last week following Donald Trump’s election as president of the United States.
Trump’s victory had a pivotal impact on the crypto market, driven by several promises he made to support and expand the industry under his administration.
Since then, Bitcoin has been setting new all-time highs almost every day, with the current streak lasting for eight consecutive days. As a result, Bitcoin has surpassed silver and become the eighth most prominent asset in the world.
Just two weeks ago, Bitcoin was in tenth place, behind Meta (formerly Facebook), with a market cap of $1.472 trillion. However, Bitcoin has added over $300 billion to its valuation, enabling it to overtake silver and Meta.

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Bitcoin surges to $67,000, fueled by positive sentiments around the US election data and growing inflows from the US Bitcoin spot ETFs.
Bulls stamped their market control after driving Bitcoin, the largest crypto asset by market cap, to a three-month high of $67,901 on Tuesday. With the bullish surge, Bitcoin has sustainably traded above the $66,000 price level after three failed attempts since June.
Notably, multiple factors have fueled the price upsurge, including increased inflows into the US spot ETFs and positive news from the US political scene ahead of the November presidential election.

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Despite Bitcoin’s pullback near the $88,200 mark, Hedera continues its bullish trend. In the past 24 hours, it has increased by nearly 14% and is currently trading at $0.068. 
As its market cap crosses the $2.5 billion barrier, the altcoin shows promising upside potential. 

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#Ethereum ETFs are now gaining traction as traditional finance (TradFi) institutions ramp up investments amid a rebound in daily netflows.
The positive shift in netflows syncs with recent market trends, as confirmed by Kaiko Research. While Ethereum’s year-to-date performance lags behind Bitcoin, it briefly outpaced the leading cryptocurrency in November. 
Ethereum’s price has climbed nearly 40% since late October, bolstering interest in related financial products. Notably, ETH largely consolidated from Nov. 21 to 26, but recently rebounded, ending yesterday with an impressive 10% gain to reclaim the $3,500 region.
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Ethereum has faced challenges in recovering fully from its weekly lows, and historical performance suggests further downside risks. 
According to market analysts, the recent price structure shows similarities to past cycles, potentially leading to additional declines. 

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Dogecoin (DOGE) has remained one of the top gainers in the second phase of the bull run. Amid the recent rally, the dog-themed token has achieved jaw-dropping milestones, including hitting a 52-week high of $0.3032 and ranking as the sixth most valuable cryptocurrency on CoinMarketCap. 
At the current price of $0.4048, Dogecoin is up 45.6% over the past 24 hours and 141.04% in the past seven days. Interestingly, Dogecoin’s market cap has also increased by 45.6% in the past day to $59.42 billion. 

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