Investors holding 50 million, 100 million, or 500 million Shiba Inu tokens Update
Investors holding 50 million, 100 million, or 500 million Shiba Inu tokens will record significant gains if SHIB surges to a lofty target of $0.000528.
The broader market collapse has continued to have a bearish impact on Shiba Inuâs (SHIB) performance, triggering a massive fall below the $0.000015 threshold.
At press time, SHIB trades at $0.00001466 per token, representing a decline of 6.3% over the past 24 hours. Similarly, SHIB has witnessed a decrease of 14.65% in the weekly charts. Additionally, the dog-themed token has plunged 10.9% since the beginning of August 2024. Shiba Inuâs bearish performance in August follows a 7.47% loss recorded in the previous month, according to data from CryptoRank.
Despite the recent plunge, market watchers are still optimistic about a potential price increase for SHIB. Multiple projections suggest that the token could surge to the $0.0005 threshold in the future.
Earlier this month, The Crypto Basic forecasted that SHIB could rally to $0.000528 if it maintains its correlation with Ethereum and ETH hits a target of $100,000.
Notably, the research arm of crypto trading platform Changelly forecasted that SHIB would not reach the $0.0005 territory until 2033. Interestingly, leading artificial intelligence (AI) chatbot Google Bard (now Gemini) expects SHIB to hit the $0.0005 mark sooner between 2025 and 2026.
To reach the $0.000528 mark as projected by The Crypto Basic, Shiba Inu must rally 3,501% from its current price of $0.00001466.
Worth of 50M, 100M, or 500M SHIB If Price Hits $0.000528 Based on these projections, we recently analyzed how much a holding of 50 million, 100 million, or 500 million SHIB will be worth if Shiba Inu eventually hits the ambitious target of $0.000528.
The good news is that the recent market downturn presents an opportunity for investors to acquire SHIB at discounted prices.
Therefore, with Shiba Inu priced at $0.00001466, 50 million SHIB is currently worth $733. Interestingly, if the price of SHIB increases to $0.000528, the value of these 50 million tokens will increase to $26,400.
In addition, investors can acquire 100 million SHIB at $1,466 today. If the price of SHIB surges to $0.000528, the value of these 100 million tokens would potentially increase to $52,800.
Furthermore, purchasing 500 million at the current price would cost an investor $7,330. However, if SHIB successfully hits the $0.000528 mark, the value of these 500 million Shiba Inu tokens would increase to $264,000.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basicâs opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. #shib #shiba⥠$SHIB
3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in December
Despite Bitcoinâs substantial surge since September, these altcoins display even more positive price movements. Can they surpass BTCâs gains in December?Render (RNDR) Price Breaks Key Resistance -The RNDR price has been moving upward since June 2022. While the upward movement was initially gradual, the increase accelerated at the start of 2023.In May, RNDR reached a new yearly high of 11,000 satoshis. While this caused a breakout above the 9,000 satoshi resistance area, the price fell below it shortly afterward, indicating that the previous increase was only a deviation.The RNDR price created a higher low in August, validating an ascending support trend line. After bouncing in November (green icon), RNDR further accelerated its rate of increase and broke out from the 9,000 satoshi area once more.If the RNDR upward movement continues, the price can increase by another 35% and reach the next resistance at 12,500 satoshis.Despite this bullish RNDR price prediction, a close below the 9,000 satoshi area can trigger a 35% drop to the ascending support trend line at 6,000 satoshis.Synthetix (SNX) Moves Above 1,000-Day Resistance - The SNX price had fallen under a long-term descending resistance trend line since February 2021. The decrease led to a low of 6,150 satoshis in June.Afterward, the price bounced and created a higher low in November. After three successive bullish weekly candlesticks, the SNX price broke out from the trend line, which had been in place for over 1000 days.Breakouts from such long-term structures often signify a new trend in the other direction has begun.Market traders use the Relative Strength Index (RSI) as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.The fact that the SNX price increase was preceded by a bullish divergence (green) in the RSI supports the legitimacy of the reversal.If the SNX price continues to move upwards, it can increase by 100% and reach the next resistance at 17,000 satoshis.Despite this bullish SNX price prediction, a close below the descending resistance trend line will invalidate the breakout. If this occurs, the price can fall by 25% and return to its June lows at 6,150 satoshis.Theta Token (THETA) Shows Sings of a Breakout- The final altcoin that could outperform Bitcoin is THETA. The price has followed a descending resistance trend line for 910 days, specifically since June 2021.The trend line has caused numerous rejections, the most recent in October. However, the THETA price regained its footing and is in the process of breaking out.The fact that the increase was preceded by a bullish divergence in the weekly RSI legitimizes the possibility of a breakout.If THETA closes above this trend line and the RSI moves above 50, the price can increase by 165% to the next resistance at 7500 satoshis.Despite this bullish THETA price prediction, failure to break out can trigger a 30% drop to 2,000 satoshis.#btc #Trendingcoins
Price Prediction on XRP will be between 0.55 and 0.65 based on current trends and expert analysis, it is possible to make an educated guess about the potential price range for XRP this week.
This range is based on the following factors:
The overall trend of the cryptocurrency market: The cryptocurrency market has been on an upward trend in recent weeks, and XRP has been following suit. This suggests that there is a positive sentiment toward the cryptocurrency, which could help to push the price higher.
Technical indicators: Technical indicators such as the RSI and MACD suggest that XRP is currently in a bullish trend. This means that the momentum is on the side of the buyers, which could also help to push the price higher.
Upcoming news events: There are no major news events scheduled for XRP this week, but any positive news could help to boost the price.
Of course, these are just predictions, and the actual price of XRP could be much higher or lower. It is important to do your own research and make your own investment decisions. #XRPUpdate #trending
Important Binance Announcement Affecting Ripple (XRP), ADA, SHIB Holders
Binance will halt support for BUSD product in mid-December.TL;DRBUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at 1:1.Trading Pair Removals: Key trading pairs including XRP/BUSD and BTC/BUSD will be removed. Certain countries are excluded from these changes.Cryptocurrency Delisting: Binance to delist BitShares, PERL.eco, Tornado Cash, and Waltonchain by December 7 due to factors like low trading volume, impacting their prices.Binanceâs Latest AmendmentThe worldâs largest cryptocurrency exchange in terms of trading volume â Binance â said it will cease support for BUSD products on December 15, 2023. âPlease be assured that BUSD will always be backed 1:1 by USD. Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least February 2024,â the company added.Binance encouraged clients to withdraw or convert their BUSD holdings into other assets before the aforementioned deadline. It is worth noting that users are allowed to trade their BUSD balances for FDUSD at zero trading fees.All BUSD withdrawals will be disabled on December 31, 2023, and remaining balances will be automatically converted to FDUSD at a 1:1 conversion rate. Binance users in Japan, France, Italy, Poland, and Kazakhstan are excluded from the amendments.The exact trading pairs that will be removed include XRP/BUSD, ADA/BUSD, SHIB/BUSD, BTC/BUSD, ETH/BUSD, DOT/BUSD, and many more.Binanceâs Previous DelistingThe trading venue also announced that it will remove four cryptocurrencies from its platform on December 7. Those are BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC).The reason behind the move seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others. The disclosure seemed to have negatively affected the price of the aforementioned assets. TORN has plunged by over 50% in the past seven days, while PERL has collapsed by almost 70% for the same period.
Philippines to block access to crypto giant Binance
MANILA â The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licenses.The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorized to sell or offer securities in the country.Filipinos could withdraw their investments before access to Binance's platform and apps was blocked, which was expected to happen "within three months", it said.Other online trading platforms, including OctaFX and Mitrade, will be blocked in the coming months after the SEC found they were also operating without necessary licenses."We want to keep the investing public safe," SEC Commissioner Kelvin Lester Lee told AFP on Thursday."These entities were given a chance, multiple times, over the last few years to register... the fact that a lot of them chose not to do so, that implies something to us."The SEC also asked Google and Meta to stop Binance advertisements from appearing in the Philippines."We're not the only one doing this, a lot of other countries are doing the same thing," Lee said."If you're not registered, you'll automatically have a problem."Earlier this month, former Binance chief executive Changpeng Zhao resigned his post after he and the company pleaded guilty to sweeping US money laundering violations and agreed to fines of more than $4 billion.https://news.abs-cbn.com/business/11/30/23/philippines-to-block-access-to-crypto-giant-binance$BNB #BinanceTrends