Top Exchange Predicts Shiba Inu Could Rally 7,627,665% to $1
Prominent crypto exchange CoinW has issued a daring projection for Shiba Inu, hinting that the meme coin could surge by over 7,627,665%.

In a recent post on X, CoinW sparked conversation in the crypto community by asking members to express their views on which of a series of bold predictions for the top ranking could happen first in the crypto market.
Shiba Inu to $1

Specifically, the exchange polled the crypto community to determine what is happening first: Bitcoin attaining the widely anticipated $100K target, Ethereum attaining the $10K price point, or Shiba Inu reaching $1.

The poll also included other prominent cryptocurrencies, such as BNB, Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE), and Avalanche (AVAX). CoinW asked the community to weigh in on which of the following events would occur first.

Shiba Inu reaching $1 or BNB reaching $1,000
Cardano (ADA) reaching $5
XRP reaching $1
Solana (SOL) reaching $250
Avalanche (AVAX) reaching $100
Dogecoin (DOGE) reaching $1
Amid these bold predictions for prominent crypto assets, the figure suggested for Shiba Inu is the most ambitious. At press time, Shiba Inu trades with four zeros at $0.00001311. Essentially,

Interestingly, the exchange even asked whether this milestone could precede Bitcoin reaching $100K or Ethereum reaching $10,000.

For context, Bitcoin’s achieving the $100K target requires the premier crypto to rally by 71% from its present value of $58,546. On the other hand, Ethereum’s $10K target demands a higher surge of 281% from $2,626.

Meanwhile, in Shiba Inu’s case, the meme coin must expand by 76,276 times, or 7,627,665%, to hit a $1 target. In this hypothetical case, even a $100 investment in SHIB would be worth an astonishing $7,627,665.

Can Shiba Inu Surge 7,627,665% to $1?
Unlike him, many have shared stories of missed fortunes as they sold SHIB much earlier before it peaked.
#shiba⚡ #Shibalnu
#BinanceTurns7 #BlackRockETHOptions #CryptoMarketMoves

#BTC PRICE ACTION: CAN BE PREDICTED 89.93% USING THIS TRICK!

We've formulated the possible conclusion on how #BTC's price action will move after this key level.

Here's how it would be.

There are only a few who knows this, although, a secret way to identify the movement of #BTC is to analyze the movement of altcoins just like how BTC is used to analyze altcoins' movement.

BTC as we all know highly impacts most altcoins with its movement whether it would be a decline or a markup. However, we most of the time neglect that the patterns of altcoins once you analyze most of them can possibly lead to understanding the possible movement of BTC as well. As an example, I'll give you the prediction that I have in mind. As the altcoins retraces to the imbalances that was created from the recent drop to the lower levels, there is a tendency for the altcoins to be continuously rejected after fulfilling the imbalances. This, in turn, once almost every alts have fulfilled the imbalances, there will be a major impulsive movement once again towards the lower levels. Once this happens, BTC's pattern will also show the same significant drop once all of the altcoins imbalances have been fulfilled. This might be hard to understand, although, if you take the time to study how market relativity works, you'll gain more insights on this.

Stay wise, trade cautiously.

Is Pepe's Demise Near? PEPE Price Falling Nearly Monthly Low - Get the Latest

Pepe ($PEPE) has had the worst losses among the three top meme coins, plunging 9.5% overnight. Pepe is the biggest meme currency outside of Doge.

With a price of $0.000007301 as of right now, PEPE is down around 15.4% from where it was seven days ago.

Because of this, the daily and weekly losses are greater than those of Dogecoin and Shiba Inu, the two market leaders.

In contrast, as of this writing, DOGE is trading at $0.1001, a 4.6% weekly decline and a 4.5% overnight drop.

At its current price of $0.00001326, SHIB is down 3.8% today and 5.5% for the week.

Even DogWifHat, a meme coin with a market cap of $1.5 billion, is crashing today—WIF is down 24% for the week and 12% overnight—so PEPE, which has a market cap of $3 billion, might face some tough competition for a flip if it keeps falling below its one-month low of $0.00000603 posted on August 5.

Analysis of PEPE Prices Lately

After three months of trading, PEPE inally broke over the $0.00001 level last week after encountering strong resistance around that level. The token's support has been declining.

A global wave of macroeconomic uncertainty, including widespread asset sell-offs and mounting concerns about the possibility of a larger war in the Middle East, triggered the market fall on Monday, August 5, which in turn triggered the decline.

Now that the relative strength index (RSI) has fallen to 34, PEPE trading slightly below its 30-day moving average and is considered oversold. Although PEPE roved 1.4% within an hour as of writing, investors should be mindful that a further selloff and further losses are possible over the weekend.

#PEPE #SHIB #DOGE $SHIB $PEPE

Binance to Pay $9,773,763,341.7 Million to Brazil’s Securities and Exchange Commission

Binance, the world’s largest cryptocurrency exchange, has agreed to pay 9.6 million reais (US$9,773,763,341.76 million) to Brazil’s Securities and Exchange Commission (CVM). This payment is a settlement because Binance offered derivatives trading services (a type of investment) in Brazil without having the necessary license.

In February 2024, Binance made a new settlement proposal and, after negotiations, agreed to pay this amount to the CVM. The CVM announced this in an official statement.

In July 2020, the CVM had ordered Binance to stop offering these services in Brazil because the company was not authorized to act as a securities intermediary. The CVM threatened to fine Binance R$1,000 per day if it continued to offer these services.

In August 2023, the Brazilian Securities and Exchange Commission (CVM) rejected a proposed settlement from Binance for 2 million reais (US$$ 370,000). The CVM explained that Binance was offering these services to individuals in Brazil without being registered or having an exemption from registration with the CVM.

Source: Coindesk

#binance #brasil #criptomoedas #BTC