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Is Shiba Inu Coin Price Set for 2021-Like Parabolic Rally to $1?

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Against the backdrop of bullish market dynamics, Shiba Inu coin has once again nabbed considerable investor attention as the week closes. Notably, SHIB price remains poised for a 2021-like parabolic rally ahead, primarily attributable to recent ecosystem developments. While the SHIB burn mechanism continues to drastically shred the token supply, rising Shibarium activity, and the latest ecosystem developments have brought significant market optimism toward the crypto.

Market watchers speculate whether the dog-themed meme token is ready for a 2021-like parabolic rally, with a potential $1 price target looming over the horizon.

Shiba Inu Coin Burn Rockets Amid Rising Shibarium Activity

Notably, this week proves highly optimistic for the Shiba Inu coin, as Shibburn data on X indicated a 920% surge in the weekly token burn rate. With 320 million coins burnt in the past seven days, the coin’s market supply took a considerable hit. At press time, the total supply was recorded as 589.26 trillion SHIB.

Simultaneously, it’s also worth mentioning that the intraday burn data by Shibburn showed a 367% surge, with 11 million coins destroyed. Altogether, the massive burning chronicle has prompted bullish market sentiments for the coin, mirroring the law of supply and demand.

Additionally, SHIB marketing lead Lucie took to X on October 19, highlighting a remarkable surge in Shibarium activity. As per Lucie, new transactions on the network neared the 30K mark, whereas the number of contracts also topped the 18.2K mark in October from 17.8K in late September. This surge underscores remarkable growth for the Shiba Inu Layer 2 blockchain.

Overall, recent stats, underlining bullish metrics, have reverberated optimism for the leading dog-themed meme coin across the globe.

Is 2021-Like Parabolic Rally to $1 Possible?

Meanwhile, it’s worth noting that in 2021, Shiba Inu price saw an extraordinary surge of 45000% between January and May. After a notable correction, the coin price offered another 1500% jump to mark an all-time high of $0.00008845 in October. Crypto market enthusiasts speculate whether a similar rally is possible this year in light of recent market events.

At the time of reporting, SHIB price traded at $0.00001936, up nearly 3% intraday. The coin’s intraday low and high were recorded as $0.00001851 and $0.00001948, respectively. The meme coin’s rising trajectory falls in line with the abovementioned burn rate surge and Shibarium growth. Further, Coinglass data indicated a 5% increase in SHIB’s futures OI to $63 million today, underlining increased investor interest in the asset. This has further sparked optimism about the coin’s future action.

Simultaneously, a recent SHIB price analysis by CoinGape Media reveals that the crypto could hit $1 ahead in light of the broader meme coin sector frenzy and SHIB ecosystem developments. Notably, the upcoming Shib DAO Foundation launch, among many other developments, hints that a potential $1 price target for the Shiba Inu coin lies ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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What Could XRP Lose or Gain?

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Ripple vs SEC battle extends to the end of 2025 as the US Securities and Exchange Commission (SEC) decides to appeal district court rulings. Ripple plans to cross-appeal the arguments by the regulatory agency as it continues to threaten the crypto industry with regulation by enforcement approach. Meanwhile, traders brace for impact as XRP price moves sideways this week.

Ripple SEC Lawsuit Appeals Filed in the Second Circuit Court

The U.S. Securities and Exchange Commission finally filed its Form C related to appeals in the Ripple lawsuit. Form C is an appeal pre-argument statement required by the US Court of Appeals.

The appeal against Judge Torres’ ruling gets heated comments from Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty as the XRP army claimed the agency has missed the deadline. Moreover, the SEC is accused of missing the Form C filing deadline and back dating the document.

Notably, the SEC has appealed the summary judgment on Ripple’s XRP sales through crypto exchanges, distribution to employees and others by the firm, and XRP sales by CEO Brad Garlinghouse and Executive Chairman Chris Larsen.

The Gary Gensler-led government agency has started attacking the crypto market on secondary sales after recent losses in the lawsuit, Binance, and other lawsuits. Crypto executives including Stuart Alderoty slammed SEC and Gensler for their approach and overreach.

How It Will Impact XRP Price?

While the long-running U.S. SEC v Ripple Labs lawsuit has impacted the XRP price rally, some experts believe the appeals will continue to make an impact for a few years. However, price predictions by analysts and recent developments by the company indicates otherwise.

Recently, Ripple has introduced crypto custody for banks and financial technology firms. Also, the company is near to launch its RLUSD stablecoin, with numerous partnerships for XRP Ledger adoption. XRP price analysis by CoinGape shows that the price can hit $1 after RLUSD’s launch.

The crypto industry is upbeat on approval of XRP ETF by the U.S. SEC as the companies roll out indexes and futures in regulated markets. However, Bitnomial XRP futures were challenged as the securities regulator claimed that the futures fall under the purview of both the SEC and the CFTC.

XRP price performance is up just 1% this week after the SEC filed its appeal in the Ripple lawsuit. The price is currently trading at $0.54, with a 24-hour low and high of $0.542 and $0.550, respectively. Furthermore, the trading volume has decreased further by 30% in the last 24 hours, indicating a lack of interest among traders.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Predicts Massive Upshoot For XRP Price To $5, Shiba Inu Price To $0.0008, ETFSwap Price From $0.03846 To $8

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DeFi ecosystem expert has given an eye-opening investment alert that could help you make millions of dollars if you take early action. This expert has predicted the ETFSwap (ETFS) price to make a meteoric 20,700% rally from its current presale price of $0.03846 to $8 in the coming crypto market cycles. Alongside the ETFSwap price, this reliable DeFi expert has also predicted the XRP price to experience a massive upshoot to $5 and the Shiba Inu price to hit $0.0008 in millionaire-making rallies. Consequently, investment experts have nudged whale and retail investors alike to take advantage of the floor levels of the ETFSwap price, the Shiba Inu price, and the XRP price to make maximum gains. 

ETFSwap (ETFS) To Rally 20,700% To $8 — Set To Make Crypto Millionaires

A leading DeFi ecosystem expert has predicted a market-leading rally for the ETFSwap price as its tokenized ETF solution is taking over the DeFi world. This expert expects the ETFSwap price to hit $8 in a meteoric 20,700% rally that would make lots of crypto millionaires. The ETFSwap (ETFS) ecosystem has created the premier sets of ERC20 ETF tokens to onboard high-liquid real-world assets (RWAs) on-chain for trading positions of up to 100x multiplier. With this solution, traditional investors can now invest on the blockchain, using both spot/futures crypto ETFs and commodity ETF offerings. The ETFSwap (ETFS) ecosystem also advances a custom fixed-income offering in the form of reliable and high-liquid securities, bonds, and treasuries for reliable profits and reduced volatility.

More so, the ETFSwap (ETFS) team is prioritizing user-centric experience which is why its trade-to-earn ETFS token is powering a smooth swap mechanism for multiple ETF assets across multiple markets. To make it all better, this swap mechanism operates at very low costs to make sure traders maximize their profit positions. For more compounded profit, the SolidProof-audited ETFSwap (ETFS) team members have advanced a perpetual futures and options model for traders to enter multiple long and short positions over 50x multipliers. 

The ETFSwap (ETFS) ecosystem uses financial derivatives and significant leverages to amplify the returns of an underlying index by up to 100 times. More so, the exchange-traded fund (ETF) market is now getting widespread adoption in the crypto market with the approval of spot Bitcoin and Ethereum ETFs, and the ETFSwap (ETFS) ecosystem is primed to benefit maximally from institutional liquidity. The developments and next-level innovation of the ETFSwap (ETFS) ecosystem are pivotal in broadening the range of exchange-traded funds, introducing new asset classes, and diversifying underlying assets, all powered by the ETFS token. 

With the beta launch of the ETFSwap (ETFS) platform just weeks away, DeFi stakeholders and investors are eagerly awaiting the launch of powerful features, including staking your tokens for rewards, access to various liquidity pools, a live ETF price tracker to stay updated in real-time, buying and selling of popular ETFs.

Little wonder experts say that the ETFSwap price is bound to rally a meteoric 20,700% in the upcoming market cycles as major market makers move to adopt its ecosystem. With $7 million raised, major investors are moving fast to take advantage of the $0.03846 ETFSwap price before it begins the upward trajectory. Hurry and join the ETFSwap (ETFS) presale now before the opportunity for life-changing wealth is gone. 

XRP Price To Make The Upshoot To $5

After retracing from the price dips that saw the XRP price crash about 20%, price action and DeFi ecosystem experts say that a major upshoot for the XRP price to touch $5 is on. Following the Ripple ecosystem’s cross-appeal against the U.S. SEC, the XRP price has picked up bullish momentum in the past week, triggering accumulated buys from spot Ripple (XRP) buyers.

With the XRP price now trading above the upside of $0.5, the sentiment in the Ripple (XRP) ecosystem is now bullish as DeFi analysts say that if the Ripple ecosystem wins its lingering legal battle, the XRP price could be set for a meteoric rally to $5. 

Shiba Inu Price To Follow The Bullish Trend

Just like the XRP price, the Shiba Inu price has been tipped to rally to hit a new all-time high of $0.0008 in the coming market cycle. Within the past two weeks, the Shiba Inu price has witnessed sustained liquidity inflows as the trading volume surged 58%. This bullish traction has seen the sentiment of the Shiba Inu community go positive again as spot SHIB buyers accumulate more tokens to drive the Shiba Inu price above major support levels. Hence, price action analysts say that with spot buy activity sustained, the Shiba Inu price will rally to $0.0008 in the upcoming market cycle. You might want to invest in the floor level of the Shiba Inu price now to supplement your major holdings in ETFSwap (ETFS). 

Conclusion 

The bullish season is over, and ETFSwap (ETFS) is at the forefront with its native ETFS token primed for a meteoric 20,700% surge. Now is the time to position yourself for this life-changing opportunity by buying into the $0.03846 ETFSwap price before the presale ends. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

 



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Anatoly Yakovenko Explains The “Fundamental” Difference Between Solana And Ethereum

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Anatoly Yakovenko, Solana’s co-founder, recently pointed to a deep divergence in how Solana and Ethereum see resource satiation and price discovery.

He explained that once a global resource becomes saturated on Solana, the current pricing mechanisms begin to be suboptimal. While Solana’s implementation of congestion is much more elegant than most cryptocurrencies, Yakovenko clarified that the hardware underneath still needs to scale to handle the new demand efficiently.

The discussion of Ethereum and Solana has kept individual investors salivating and institutions champing at the bit. While generally doing much better than its sister cryptocurrency Ethereum on many performance metrics, one very important question that begs for an answer is: Why hasn’t the institutional adoption of Solana taken center stage over Ethereum yet?

Solana’s Yakovenko Challenges Ethereum’s Scaling Model

Anatoly Yakovenko, one of Solana’s founders, recently outlined an essential difference in vision between Solana and Ethereum regarding resource saturation and price discovery.

He made the critical point that if some global resource on Solana becomes saturated, the current pricing mechanisms do not work as expected. In other words, while Solana may have a rather elegant way of dealing with congestion compared to many other cryptocurrencies, Anatoly Yakovenko said the hardware has got to scale to handle the new demand.

If demand cannot be satisfied by allowing validators to scale up their hardware capacities, the system will fail. He mentions that only local contention—issues that cannot be mitigated—should actually influence user fees. This point of view highlights Solana’s focus on scaling and efficiency regarding network congestion versus Ethereum’s approach.

With the increase in Solana price agrees Macro Researcher Axel Adler Jr. who recently said SOL could benefit from the overall positive market sentiment expected post-halving.

Recently, Orderly Network announced via social media its integration with Solana, marking a significant milestone as it becomes the first full-chain order book platform to support both Ethereum Virtual Machine (EVM) and non-EVM ecosystems. This integration allows users across different public chains to trade perpetual contracts using Orderly Network’s unified cross-chain shared order book, enhancing trading capabilities and accessibility.

The move is seen as a strategic effort to broaden the user base and liquidity options for traders in the Solana ecosystem.

Energy Consumption Key to Bitcoin vs. Ethereum Battle

Just recently, Anatoly Yakovenko drew everybody’s attention by comparing the discourse between Ethereum and Bitcoin. He put these two giants on the same scale, especially considering energy consumption and capital expenditure. In that discussion, he told everybody how Ethereum and Bitcoin resemble each other, yet their energy uses cause significant differences in the cost structure.

According to him, Bitcoin works on the Proof-of-Work model and, therefore, requires enormous energy because of the miners’ computational powers. By contrast, Ethereum moved to a Proof-of-Stake model, drastically reducing its energy consumption and thus essentially reducing capital expenditures.

In response to users’ questions about Ethereum’s potential to reach a higher market value than the leading cryptocurrency, Anatoly Yakovenko also said, “If it turns out that Ethereum is adopting more slowly than Bitcoin, then perhaps expected price growth could be unjustified.” Ethereum remains the largest decentralized smart contract platform. However, it has not seen the same real-world adoption or dramatic increase in price as Bitcoin, especially in recent times when macroeconomic conditions began to change.

Analysts are expecting SOL price to nearly 10x from the current level and hit the triple-digit territory and they say there are 3 reasons why SOL has overtaken ETH.

Contrary to expectations after the transition of Ethereum to PoS, the price performance was somewhat lagging compared with Bitcoin. This raised discussions within the community concerning further price developments and the competitive viability of Ethereum and Bitcoin. Such a discussion would underpin the nature of competition in the cryptocurrency space as regards sustainability and investment viability.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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