Can you become a millionaire with Shiba Inu (SHIB) in 2024?

Shiba Inu (SHIB) has turned many early investors into millionaires and, in some cases, even billionaires. However, the popular dog-themed memecoin has plummeted by over 87% from its 2021 highs. Many investors wonder if they have missed the boat with SHIB. Meanwhile, others hope that the memecoin’s price will reach new heights in 2024.

Since Jan. 1, 2023, SHIB’s price has risen by about 30%. Although the growth is commendable, it falls short compared to Solana (SOL), which has surged by nearly 1000%, or Bitcoin (BTC), which has surged by over 150% in the same time frame.

There is a chance that SHIB could reclaim its all-time high of $0.00008616, which it attained in October 2021. However, SHIB requires a few developments to reach its previous peak.

Firstly, we need to enter a 2021-like bull run. There is a lot of talk about a potential bull market for the cryptocurrency space in 2024. Analysts point to the probability of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval and BTC’s halving event as potential drivers for a bull run.

Secondly, Shiba Inu (SHIB) will need a significant rise in adoption. The project launched its layer-2 network, Shibarium, in August 2023. However, the launch did not push the asset’s price by much. Nonetheless, as more applications launch on Shibarium, SHIB’s adoption may increase. More adoption may lead to a rise in the token’s price.

Thirdly, Shiba Inu (SHIB) burns need to increase. The SHIB team has revealed that the Shibarium network will begin burning tokens this month. Some have even said the network can remove trillions of tokens yearly. If such is the case, SHIB may see a significant price rise.

Shiba Inu (SHIB) could reclaim or surpass its previous all-time high if it meets all three factors. In such a scenario, investors who bought at a low could make millions in profit.
#ShibaPricePrediction #ShibaPriceAnalysys #ShibaInuSurge #SHIB💥 #CryptoScoop
$SHIB

Bitcoin (BTC), XRP and Other Inflows Soar to $1.84 Billion in Biggest Bull Run Since 2021

Bitcoin, XRP and Ethereum collectively attracted $176 million in last week's surge, marking most significant inflow since bull run of 2021

In a major bullish stride reminiscent of the 2021 crypto boom, the latest data from CoinShares reveals that digital asset investment products experienced an impressive surge, with inflows reaching a staggering $176 million last week.

This marks the 10th consecutive week of inflows, bringing the cumulative total to an impressive $1.84 billion.

The primary driver of this surge was Bitcoin, attracting a substantial $133 million in inflows. Notably, Short-Bitcoin, after a three-week spell of outflows, witnessed a resurgence, with $3.6 million flowing in last week. XRP-focused exchange-traded products (ETPs) also saw a noteworthy uptick, with over half a million dollars flowing into these instruments. While the amount may seem modest, it represents a doubling from the previous week. Year to date, XRP ETPs have accumulated $13 million, positioning it as the third-best performer among altcoins, trailing only Ethereum (ETH) and Solana (SOL).

Ethereum continued its positive momentum, securing inflows of $134 million in a monthlong streak. This marks a significant turnaround as net flows for Ethereum turned positive for the first time this year, following an extended period of negative sentiment.

However, despite a remarkable 107% increase in assets under management this year, reaching $46.2 billion, the total remains below the all-time high of $86.6 billion recorded in 2021.

However, despite a remarkable 107% increase in assets under management this year, reaching $46.2 billion, the total remains below the all-time high of $86.6 billion recorded in 2021.
#BTC #XRPUpdate #BullRunPredictions #Priceanalysis #CryptoScoop
$BTC $XRP $SOL

How The Law Of Diminishing Returns Help Cryptocurrency Traders Make The Best Decisions.

Imagine, you're digging for gold. Each shovelful gets you closer, right? But the deeper you go, the harder it gets, and those shiny nuggets become scarcer. That's the Law of Diminishing Returns in a nutshell. And guess what? It applies to crypto trading too!

So, how can you use this "Less is More" rule to make smarter decisions?

1. Know the Hype Cycle: Crypto prices often skyrocket in bursts, fueled by excitement. But remember, after the peak, the climb slows down and eventually the price might even drop. Don't let the FOMO (fear of missing out) blind you. Buy when the hype simmering, not boiling over!

2. Take Profits at Milestones: Reaching a profit goal? Don't wait for the moon, grab some gold! Selling a portion at key milestones, like doubling your investment, secures gains and gives you breathing room. Remember, profit in hand is better than potential in the sky.

3. Don't Chase Pump and Dumps: Some coins jump suddenly, then crash fast. These are like gold fever dreams – alluring but risky. Stick to your research and long-term plans. Chasing pumps might leave you empty-handed.

4. Diversify Your Treasure Chest: Don't put all your eggs (or bitcoins!) in one basket. Spread your investments across different cryptocurrencies and even other asset classes. A diverse portfolio weathers the ups and downs better than a single, volatile coin.

By understanding the Law of Diminishing Returns and applying its principles, you can avoid chasing "too-good-to-be-true" trends and focus on smart, sustainable strategies. Remember, slow and steady wins the crypto race!

Bonus Tip: Don't just dig for gold, learn how to mine it! Educate yourself about blockchain technology, market trends, and risk management. Knowledge is the true treasure in the crypto world.

Happy trading! And remember, sometimes, the best decision is to take a step back and let the market cool down before you dig in again.
#TradingAdvice #CryptoAdvice #TradingTips #TradingMastery #CryptoScoop

How can I start trading crypto for profit?
Popular question on the Internet.

Think of how much you want to invest. Picture this amount, and imagine yourself in the future:

▪︎Will you feel comfortable losing your full investment - say $12,000?

▪︎Will you judge yourself severely because you decided to invest? Will you be able to sleep?

This is the very first steps in making money trading cryptocurrency. Answering these questions genuinely will determine if you're going to make Profit or Loss trading crypto.

Remember, don't put all your eggs in one basket and always remember to invest what you can lose.
#InvestWisely #TradingAdvice #CryptoAdvice #InvestingWisdom #CryptoScoop

Millions of XRP Sent to Bitstamp in Wake of XRP Price Surge. What's the catch?

As XRP price staged significant price surge over weekend, anonymous whale transferred more than two tens of millions of XRP to Bitstamp exchange.

Major crypto tracking bot Whale Alert, which tracks down large crypto transfers by whales and crypto exchanges, has registered a significant amount of XRP transferred to the Bitstamp exchange within the last 24 hours. The funds were deposited from an anonymous digital wallet.

This notable XRP transaction took place as the Ripple-affiliated XRP crypto, the holder of fifth place, according to the CoinMarketCap scale, staged a price surge of 4.45% over the weekend.

Whale Alert spotted a significant chunk of XRP transferred to the Bitstamp trading platform, carrying 24,200,000 XRP in total. This amount of crypto is equal to $14,918,529.

The transfer was made as the XRP price suddenly rose from the $0.61269 level on Saturday to $0.63999, where it is changing hands at the time of this writing. Thus, it may seem that a whale decided to sell a portion of their XRP portfolio in the wake of this abrupt price surge. XRP and many other cryptocurrencies have staged price rises, following the leading digital currency Bitcoin surpassing the $41,000 level earlier today as it soared to $41,522 on Bitstamp.

This Bitcoin price surge has opened the way for price increases of other cryptocurrencies, first of all of the top 10. Among them was Ripple-affiliated XRP with its 4% price uptick. The Ripple community expects a much higher price increase for XRP soon as they believe that the long-running court battle between the SEC regulatory agency and Ripple Labs is going to be settled soon enough.

For this purpose, it releases a billion XRP every month from escrow. But it then also moves about 800 million XRP back to be locked until new monthly releases. The 200 million XRP likely injected onto the crypto market once a month hardly has any significant effect on the XRP price.
#XRPSurge #XRPUpdate #XRPInvestment #XRPPriceTarget #CryptoScoop
$XRP

Here Are Returns on 10M, 100M, 300M, and 500M Shiba Inu Holdings if SHIB Hits $0.0009 or $0.009

Advocates of Shiba Inu (SHIB) persist in anticipating a significant surge in the asset’s price, setting ambitious targets at levels such as $0.0009 and $0.009.

Achieving the $0.0009 target would value 10 million SHIB tokens at $9,000. Currently valued at $94.57, these tokens offer a potential return of up to $8,905.43

However, investors with 100 million SHIB tokens could see a more remarkable increase in the value of their holdings if the price reaches $0.0009. This would elevate their holdings to $90,000.

With 100 million SHIB currently valued at $945.7, the $0.0009 price target presents a potential return of $89,054.3.

Similarly, an investor currently holding 300 million Shiba Inu tokens stands to witness the value of their portfolio rise to $270,000. Essentially, the present market value of $2,837.1 results in an ROI of $267,162.9.

. If Shiba Inu reaches $0.0009, the value of these tokens would amount to a staggering $450,000, significantly exceeding their current value of $4,728.5. This implies potential returns of $445,271.5.

Furthermore, if SHIB reaches $0.009, 10 million tokens would be worth $90,000. With the current acquisition cost of $94.57, investors have an opportunity for a significant return of $89,905.

Meanwhile, for investors holding 100 million tokens, their holdings could reach $900,000. This marks a consequential increase from the current value of $945.7, implying an ROI of $899,054. 

Similarly, 300 million Shiba Inu tokens for $0.009 would be valued at $2,700,000, significantly surpassing the current value of $2,837.1.

In parallel, a 500 million Shiba Inu portfolio today would be worth $4,500,000 when the asset is worth $0.009. Remarkably, this astounding figure represents an extraordinary profit of $4,495,271 from the initial modest investment of $4,728.5.
#ShibaPriceAnalysys #ShibaPricePrediction #ShibaInvestment #ShibaBurns #CryptoScoop

$18,000 in SHIB Turns $43.7 Million in December 2023

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A mere investment of $100 can turn into $1 million and an investment of $1 million can also turn into $100. That’s the specialty of the cryptocurrency markets as it can turn an investor into a millionaire and pauper all at the same time. No one shoe fits all type of success and only a few lucky ones made it. In the center of the development, Shiba Inu stands out as the only token to have made small investors become millionaires in a short period.

If you religiously invested $500 into Shiba Inu every month from December 2020 till today, you could have earned $43 million by now. Yes, that’s right, a steady investment of $500 from December 2020 to today, constitutes 36 months. That’s a total investment of $18,000 in the last 36 months in SHIB through all its ups and downs.

Coming to the point, the same $500 investment, a cumulative $18,000, could have turned $43.7 million today in December 2023. Data highlights that the $18,000 investment over three years might have fetched holders $43.7 million today. That’s a life-changing generational wealth delivered by SHIB in three years.

Coming to the point, the same $500 investment, a cumulative $18,000, could have turned $43.7 million today in December 2023. Data highlights that the $18,000 investment over three years might have fetched holders $43.7 million today.

SHIB spiked 45,000,000% (45 million percent) between August 2020 to October 2021. It also shot up 1,000% the same month when it reached its all-time high of $0.00008616 in October 2021. Shiba Inu deleted six ‘zeroes’ in 10 months between January 2021 to October the same year.

Therefore, riding on the impeccable price rise, a simple $500 investment could have made early holders millionaires. Even the stock market, Bitcoin, or Ethereum did not deliver life-changing gains to investors in the last three years.
#ShibaInuSurge #ShibaPriceAnalysys #ShibaBurns #shibaburn #CryptoScoop

Traders Are Losing Confidence in the Bitcoin Rally: Is This a Sign of an Early Pullback?

The failure of a bullish upswing after the launch of the spot Bitcoin ETF seems to have circulated a bearish wave across the markets. The Bitcoin price is experiencing minor upswings, which unfortunately is resulting in major pullbacks. The current trend followed by the star token suggests the bears continue to hold a larger dominance. As a result, bulls who have been stuck above the levels of $48,000, $47,000, $43,400, and $41,600 may now be stuck at $40,000 for an extended period.

The markets were more confident over the approval and launch of the Spot Bitcoin ETF and expected the price to rise close to $50,000, as the highs for the year were marked above $48,500. However, failing to do so may have circulated a sense of disappointment and fear among the market participants who may have just entered the crypto space. As per the data from the Santiment, a huge drop in the number of Bitcoin wallets has been witnessed in recent times.

The decline has been observed in three major variants, wallets holding BTC within the range 0 to 1, 1 to 1000, and more than 1000. While the decline in the latter two variants has been witnessed for a long time, wallets holding 0 to 1 BTC have recorded a drop of 0.94% since the launch of the ETF. The number of total Bitcoin wallets has been declining at its swiftest rate since early October, just before the major cycle began. Therefore, the traders are showing a similar level of impatience, with over 1 BTC or less being liquidated in the last 4 days alone.

This pattern indicates that it is a sign of capitulation, which can lead to a market price bounce until the small traders again become optimistic about the rally.

Therefore, with this, the bullish narrative continues to remain in play for the Bitcoin price rally, holding the $50,000 target intact.
#BTC #BitcoinRally #investingtips #BitcoinETF💰💰💰 #CryptoScoop

How to Resist FOMO and Make Smart Crypto Trades

"FOMO" itself is a concise acronym for "fear of missing out." However, depending on what you want to know about it, I can offer different ways to expand on it:

Definition:

Full form: Fear of missing out Meaning: An unpleasant feeling of anxiety or envy that you might be left out of rewarding experiences or opportunities that others are having. Causes: Often triggered by social media, where we see curated highlights of others' lives, leading to feeling like we're missing out on something better.

Impacts:

Negative emotions: Can lead to anxiety, envy, dissatisfaction, and feelings of inferiority. Decision making: Can lead to impulsive choices based on FOMO rather than personal values or needs. Relationships: Can create tension and distance in relationships if constantly comparing ourselves to others.

Coping Strategies:

Limit social media: Reduce exposure to triggers that fuel FOMO. Practice gratitude: Focus on appreciating what you have rather than what you lack. Set priorities: Identify what's truly important to you and focus on your own goals. Live in the present: Disconnect from the constant comparison game and enjoy your own experiences.

Additionally:

FOMO can manifest in different ways depending on the individual and context. It's important to find healthy ways to manage FOMO to avoid its negative impacts. If FOMO is significantly affecting your well-being, consider seeking professional help.

I hope this information is helpful! Let me know if you have any other questions about FOMO.
#FOMOexplained #fomo #TradeOpportunity #TradingAdvice #CryptoScoop

350 Billion Shiba Inu Just Withdrawn From Binance: SHIB Price up 10%

Shiba Inu's price going up, and activity of whales shows

An anonymous Shiba Inu whale wallet has made significant moves by withdrawing a staggering 600 billion SHIB, valued at approximately $5.7 million, from Binance. This transaction comes shortly after the same entity withdrew 250 billion SHIB, around $2.3 million, just nine days prior. The consequence of these substantial withdrawals has coincided with a 10% uplift in SHIB's price, stirring conversations and speculations within the cryptocurrency sphere.

This pattern of withdrawals by a single entity could be indicative of several market strategies. One possible interpretation is a shift toward holding the assets in private wallets, which may suggest a long-term bullish outlook by the whale on the future of SHIB. Such a move might also reflect a strategy to reduce exposure to exchange-related risks, given the recent history of exchange hacks and security breaches.

These transactions come at a time when meme coins, like Shiba Inu and its cohort member PEPE, are experiencing an uptick alongside a broader market recovery. The upsurge in SHIB's price following the withdrawals aligns with this trend. However, while the market's response may seem encouraging, it is essential for investors to tread with caution. Meme coins are known for their volatility, often experiencing rapid price reversals that can catch investors off guard.

The concentration of such a significant amount of SHIB in a single wallet raises questions about market influence and the potential impact on liquidity. Large-scale movements by whales can lead to price volatility due to the considerable share of the market they represent. Investors and traders should remain vigilant, as such activity could precede market-making moves, either bullish or bearish.

Actions of whales have historically been precursors to significant price action.
#Shibaprice #shibawhale #ShibaInuUpdate #shibaburn #CryptoScoop
$SHIB

Will BONK Be the Next SHIB?

BONK is a new meme currency built on the Solana blockchain and took the cryptocurrency world by storm last year. It’s up nearly 910% in the last 365 days making early investors sit on heaps of profits. The new meme currency BONK nearly challenged the oldies in the cryptocurrency sphere Dogecoin and Shiba Inu. BONK almost stole Shiba Inu and Dogecoin’s thunder and tried to reach their pinnacle of fame.

So can BONK meme currency become the next Dogecoin or Shiba Inu? Can it have a sea of die-hard investors who will stick by through thick or thin? In this article, we will highlight whether the Solana-based meme currency BONK can become the next SHIB or not. We are not talking about the price here, this article explains the community attraction between BONK and SHIB.

The answer to the question is plain and simple: BONK cannot become the next Shiba Inu and overtake its fame. Shiba Inu is Shiba Inu, period. It commands a different type of fanfare in the cryptocurrency market where investors connect with it on a personal level. They believe SHIB’s success is their success, and the phenomenon echoes across the community.

The Shiba Inu community is built differently and BONK cannot come an inch closer to it. SHIB investors genuinely celebrate its success, which includes price rises, and product launches such as Shibarium, among others.

When it comes to thrashing the dog-themed token, the hate also comes genuinely from the heart. The SHIB community is open to calling a spade a spade and making the developers correct their mistakes.

Additionally, if investors want to make their voices heard, they will move heaven and earth to achieve it. Remember how they bombarded Robinhood with ‘Hey Robinhood, when SHIB?’ comments in 2021 and 2022? Robinhood was forced to listen to their voices and eventually list SHIB in April 2022. That to you is ‘peak Shiba Inu’ investor behavior which BONK can only dream of achieving.
#BONKCoinGrowth #SHIB💥 #BONK❓ #priceprediction #CryptoScoop

What Could a $1,000 SHIB Investment Yield in 2025?

If an investor were to make a $1,000 investment in Shiba Inu at its current price of $0.000009685, they would acquire a substantial 103,238,363.58 coins. While this might seem like an impressive sum, it’s crucial to acknowledge Shiba Inu’s ambitious maximum supply.

Enthusiasts within the SHIB community express strong beliefs that the meme coin could not only reclaim but surpass its all-time high price of $0.00008616 by 2025. This optimism has led many to ponder the hypothetical gains one might reap by investing today and holding until the speculated peak.

Techopedia offers a prediction of Shiba Inu’s price in 2025 and what a $1,000 investment today would be worth by then. Should SHIB indeed reach the predicted price of $0.000068832 by 2025, those initially acquired 103,238,363.58 coins could transform into a noteworthy total of $7106. This implies a substantial, nearly 7X return on the initial investment, assuming the coin revisits its previous peak value.

However, it’s paramount for potential investors to exercise prudence. Cryptocurrency investments inherently carry risks, and SHIB is no exception. As with any financial endeavor, conducting thorough research is imperative. Understanding the intricacies of the project, the dynamics of its community, and the inherent risks involved is crucial.

For those undeterred by risk and enticed by the potential rewards, the current prices of Shiba Inu could present an intriguing speculative opportunity. It’s a reminder, however, to adhere to the golden rule of crypto investing: only invest what one can afford to lose entirely.
#TrendingTopic #ShibaPriceAnalysys #ShibaPricePrediction #ShibaInvestment #CryptoScoop

Warren Buffett Beaten by Bitcoin (BTC), Here's What Happened

Bitcoin surpasses Warren Buffett's company

Prominent VC investor and partner at Morgan Creek Digital Anthony Pompliano (known on crypto Twitter as “Pomp”) published a tweet to spread the word that Bitcoin has in a way scored a major victory over its biggest antagonist, legendary investor Warren Buffett (known as the “Oracle of Omaha”) and his Berkshire Hathaway investment fund. Buffett is known to be a persistent Bitcoin hater, although, according to Tron founder Justin Sun, the legendary investor does hold some BTC and TRX.

A vocal Bitcoin evangelist in the past, currently Pompliano is paying a lot more attention to other assets and investment strategies, as he decided that one should not be focused on Bitcoin only. This reverse happened between 2019 and 2022. According to Pomp’s letter to investors published in September 2022, in 2019 he predicted that Bitcoin would rise to $100,000 within 2.5 years from $12,000 back then. However, all BTC did was increase to $69,000 in October 2021, failing to meet Pompliano’s high expectations of it. This impacted Pompliano’s decision to remove “laser eyes” from his Twitter profile picture and admit that “Bitcoin helped to humble” him.

In his recent tweet, Pompliano wrote that “Bitcoin's market cap is now higher than Berkshire Hathaway's market cap.” Warren Buffett’s world-famous investment company’s market capitalization has reached $788.13 billion market value, while the leading cryptocurrency Bitcoin’s market capitalization value stands at $813,538,305,656, according to CoinMarketCap analytics website.

In a response to one of the comments under his Twitter post, Pompliano specified that “Bitcoin is up approximately 1,000% in the last 5 years. Berkshire is up 76% in the same time frame.”

On Nov. 28, Munger passed away at the age of 99, remaining active in his position as vice president until his death.
#BTC #WarrenBuffett #BTCpredictions #CryptoScoop #BTCto40k
$BTC

Trader hits $2M jackpot after putting $62 into a Solana memecoin

On-chain data shows that about $528,000 has already been cashed out, while the remaining tokens worth about $1.5 million remain in the trader’s wallet.

A Solana trader who started with a balance of only 1.5 SOL hit the jackpot after putting one token on a dragon-themed memecoin on the Solana blockchain.

On Dec. 27, blockchain analytics platform Lookonchain flagged a lucky trade where a Solana holder got hold of around $2 million after buying a memecoin. While the trader only had 1.5 SOL at the start, the user caught wind of Silly Dragon (SILLY), a meme token showcasing a “silly dragon” as its mascot, on Dec. 5. 

Five minutes after the memecoin opened trading, the trader exchanged 1 SOL, worth around $62 at the time, for 43 million SILLY tokens. About 22 days later, the tokens were worth around $2 million as the price of SILLY surged to new highs, reaching a market capitalization of over $123 million. 

According to on-chain data, the trader has already withdrawn around $528,000 while leaving around $1.5 million worth of tokens in the wallet. 

While the trade seems impressive, various community members on social media suspected it was an insider trade. Some couldn’t believe anybody would execute the trade without inside information, while others were convinced it was the developer. 
#SolanaTrade #CryptoTradingTip #cryptonews #SolanaGems #CryptoScoop

Sleepless AI x Binance (AI) Airdrop. Step-by-Step guide on how to claim 🤗🚀

Fellow Binancians, Binance is thrilled to unveil the 42nd innovative project on the Binance Launchpool - Sleepless AI (AI), a dynamic Web3 and AI-driven gaming platform.

This seven-day event allows users to stake $BNB , $FDUSD or $TUSD in specific pools, offering a chance to earn from a 70 million $AI token reward pool, which constitutes 7% of total supply.

Sleepless AI 

Sleepless AI is a groundbreaking gaming platform blending Web3 and AI, offering innovative companionship through its main attractions, HIM and HER. These games give players novel interaction with virtual partners, delivering a blend of personalization and emotional depth.

How To Join The Sleepless AI x Binance ($AI) Airdrop?

Launchpool Rewards - 70,000,000 $AI
Staking Terms - KYC required
Farming Deadline - 3rd January 2024 at 23:59 UTC

Step-by-Step Guide ''Sleepless AI - Binance Launchpool''

1. Sign up or Log in to your Binance account.

2. Stake $BNB ,$FDUSD or  $TUSD to start farming $AI.

User rewards will be updated each hour.

▪️ Binance will list Sleepless AI on January 4, 2024, at 10:00 UTC, applying the Seed Tag. Happy New Year!

Additional ICO information
Total Token Supply - 1,000,000,000 $AI
Blockchain Network - BNB Smart Chain
Binance Listing Date - 4th January 2024 at 10:00 UTC

Disclaimer: This content is for educational and informational purposes only and not financial advice. Conduct thorough research before making any investment decisions (DYOR).
#AirdropDetails #binanceairdrop #SleeplessAI #AirdropMadness #CryptoScoop

Whopping 2.12 Billion XRP Now Participate in This Airdrop

With whopping 2.12 billion XRP participating, Evernode's upcoming airdrop making waves in XRPL community.

In a staggering display of enthusiasm, more than 2.12 billion XRP tokens are now registered for the upcoming Evernode (EVERS) airdrop. 

The Evernode protocol, which recently released a registration update, has seen a remarkable response from the crypto community, with 23,858 XRP addresses already signed up for the airdrop.

The massive participation numbers were fueled by registrations from Bitrue and Uphold exchanges, connecting thousands of airdrop wallets. Astonishingly, out of the total eligible XRP, 261 million tokens are contributed by XRPL wallets, while a substantial 1.86 billion tokens come from users on either Bitrue or Uphold exchanges.  Notably, this data only reflects one of the two exchanges involved.

Evernode's total offering of 72.25 million tokens is set to be distributed strategically, with approximately 28% allocated to founders, Evernode, beta testers and XRP holders. The remaining 72% will be reserved for post-launch host rewards, emphasizing the commitment to rewarding participants in the network's ecosystem.

The airdrop process kicked off on Nov. 27, and interested participants have until Dec. 11 to register. The highly anticipated launch of the Xahau Network is scheduled for Dec. 18, pending any unforeseen adjustments.

Scheduled for launch on the Xahau Network, Evers will be compatible with any Xahau-compatible wallet, with Evernode recommending Xumm Wallet for users. The platform will exclusively transact in Evers, providing a seamless experience for both hosts and tenants.
#XRPSurge #XRPUpdate #Evernode #XRPPriceTarget #CryptoScoop
$XRP $SHIB $BTC

Millions of Bitcoin ETF Profits Might Flow Into SHIB

Bitcoin’s (BTC) spot ETF (Exchange Traded Fund) is currently the talk of town within the crypto realm. There is a high probability that the US SEC (Securities and Exchange Commission) will approve one or more spot BTC ETFs very soon. The latest developments around the ETF have led BTC’s price to surge to around $47k. Bitcoin’s (BTC) rally has also brought new life to other cryptocurrencies, such as Shiba Inu (SHIB).

The recent market correction led to Shiba Inu (SHIB) gaining a zero after its decimal, which it had lost in December. Regardless, anticipation of a spot BTC ETF has caused a market-wide rally. SHIB has rallied almost 5% in the last 24 hours. However, the popular memecoin is still down 11.1% in the weekly charts and over 7% since the previous month.

Bitcoin’s (BTC) price has surged by over 180% since January 2023, while Shiba Inu (SHIB) has gained only about 9% in the same time frame. However, if a spot BTC ETF is greenlit by the SEC within the next few days, we may see a surge in crypto prices.

Moreover, BTC usually has a trickle-down effect on the market. If a spot BTC ETF is approved, the original cryptocurrency will likely hit new highs. In this scenario, investors who book profits with Bitcoin (BTC) may pour their gains, which could be in the millions, into other projects, such as Shiba Inu (SHIB) and other popular altcoins. SHIB and the larger crypto market may indirectly enjoy the benefits of a spot BTC ETF as investors diversify their profits.

However, the US SEC is yet to announce its decision. According to Bloomberg analysts, there is a 95% chance that the SEC will approve one or more spot BTC ETFs very soon.
#ShibaPriceAnalysys #ShibaPricePrediction #etf #BitcoinETF #CryptoScoop

How do I grow $10 in Crypto Trading?

Growing $10 in forex trading can be challenging as forex trading involves a significant amount of risk. However, there are some steps you can take to try to grow your investment:

1. Learn about crypto trading: The first step in growing your investment in crypto trading is to learn about the market. Take time to study the market, learn about different crypto pairs, and understand the basics of trading.

2. Practice with a demo account: Before investing real money, practice trading with a demo account. This will help you get familiar with the trading platform, test different trading strategies, and gain experience without risking real money.

3. Develop a trading strategy: Develop a trading strategy that suits your investment goals and risk tolerance. There are various trading strategies to choose from, such as swing trading, scalping, and day trading. Pick a strategy that suits your investment goals and practice it with a demo account.

4. Start with a small investment: Start with a small investment, such as $10, and trade with caution. You can gradually increase your investment as you gain more experience and confidence.

5. Use stop-loss orders: A stop-loss order is an order to automatically close a trade if it reaches a certain level. This can help minimize losses if the market moves against your position.

6. Manage your risk: It is essential to manage your risk in crypto trading. Don't risk more than you can afford to lose, and be prepared to exit a losing trade.

7. Stay disciplined: Trading with discipline is key to success in crypto trading. Stick to your trading strategy, avoid emotional trading, and don't let greed or fear dictate your trading decisions.

Remember that there are no guarantees in crypto trading, and you should be prepared to accept losses as part of the trading process. With a disciplined approach and a sound trading strategy, you can increase your chances of growing your investment in forex trading.
#cryptocurreny #TradingTactics #TradingOpportunities #cryptotrading #CryptoScoop
$XRP $SOL $1000SATS

FTT Price Faces Repeated Rejection At $5! Has FTX Token Achieved Its Top?

The crypto market has started trading the month of December on a positive note as the BTC price has crossed its $40K mark and has recorded a new yearly high of over $42,000.

The FTT price has regained significant momentum as the price has recorded gains of over 435% Year-to-date (YTD). On the other hand, the price has faced repeated rejection at $5, indicating a strong liquidating point at that level.

FTX token traded in a narrow space between $1.1626 and $1.4606 for a while, following which the price gained momentum. The FTX price recorded a jump of approximately 220% within the next two days.

The FTX token price then faced rejection at $4.7, after which the price lost momentum and experienced a price drop. The token recorded a drop of 36% in value, resulting in it testing its crucial support level of $3.

The price then traded sideways in a consolidated range between $2.8934 and $4.0396 for almost two weeks. The bulls then regained power and broke out of the range, but the price hovered close to the support/resistance level of $4.0396 for the next two weeks.

Recently, the price broke out of the resistance level but struggled to break out of its upper resistance at $5.0253, resulting in the bulls losing momentum.

If the bulls push the price above the resistance level of $4.5439, the FTT token will regain momentum and prepare to test its upper resistance level of $5.0253 soon. Further, if the bulls maintain the price at that level, it will attempt to test its resistance level of $5.50 this month.

Conversely, if the price fails to hold the price, it will lose momentum and prepare to test its support level of $4.0396 soon. Moreover, if a trend reversal occurs, the FTT price will continue to lose value and test its lower support level of $3.4550.

Further, if the bears continue to dominate the market, the FTX token will plunge and test its low of $2.8934 by the year-end.
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$FTT $XRP $SOL

Shiba Inu Sparks 1,079% Netflow Spike as SHIB Bulls Make Comeback.

Shiba Inu also seeing surge in inflows as SHIB bulls attempt comeback.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a massive surge in large-holder netflows, which is higher by a whopping 1,079%. Remarkably, all indicators of whale activity have been up in the last 24 hours.

Large Holders Netflow provides an idea of the change in positions of whales, or large holders. In short, spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling. Shiba Inu saw a sharp rise in whales' netflow, which surged from a figure of 286.31 billion SHIB on Dec. 10 to 4.68 trillion SHIB.

In the case of Shiba Inu, the surge in netflow might suggest accumulation from large holders, as SHIB saw a massive price drop on Dec. 11. Whales are typically known to use periods of price dips to buy at a discount. SHIB saw a sharp price drawdown in the prior day, dropping to lows of $0.00000915 from an intraday high of $0.00001015.

In the process, SHIB lost the much-acclaimed $0.000010 level, with bears even threatening further drops as the general crypto market reeled into profit-taking. At the time of writing, SHIB was still trading below the $0.00001 level, with bulls making frantic efforts to cover lost ground. SHIB is presently up by 1.21% in the last 24 hours to trade at $0.00000958.

Aside from a surge in large holders' netflows, Shiba Inu has seen a remarkable increase in large holders' inflow, which is higher by 430%, according to IntoTheBlock data.

In the previous day, crypto data tracker Whale Alert detected a move of 4.1 trillion SHIB, or 4,193,953,460,450 SHIB worth $40,823,942 at the time of its transfer to a whale wallet.
#ShibaSurge #shibawhale #SHIBSurge #SHIBFuture #CryptoScoop
$SHIB