Altcoin
Shiba Inu Price Prediction: SHIB Poised to Hit a Wall as this Altcoin Alternative Blazes Ahead with a 3,000x Run
SHIB took the crypto market by storm when the Shiba Inu price bolted to its peak in 2021. Initially created as a lighthearted alternative to DOGE, it caught investors’ attention and resulted in this meteoric rise.
However, the hype surrounding the memecoin is waning and needs help maintaining its momentum. Investors are worried that its growth might stagnate, so they are looking to other altcoins, like RCO Finance, which shows explosive growth potential.
Shiba Inu Price Prediction: Why SHIB Might Stagnate
Shiba Inu has been a popular memecoin since its launch. However, its recent performance shows potential price stagnation. Several factors have contributed to this situation.
The first is market saturation and competition. As new entrants in the crypto market emerge, they are diverting attention and investment away from Shiba Inu, decreasing demand for SHIB tokens.
It also has a high circulating supply, significantly hindering Shiba Inu’s price appreciation. The oversupply dilutes its value, making it difficult for SHIB to gain substantial value.
Social media trends and speculative hype, instead of intrinsic value or utility, propel Shiba inu price movements. This could generate short-term gains but doesn’t foster long-term price growth. This volatility keeps away long-term investors, resulting in a cycle of speculative trading, which limits price growth.
Lastly, even though it’s making some technological developments with initiatives like ShibaSwap, it still needs innovation to compete with these newer altcoins. This slow development of its ecosystem hinders adoption rates, further negatively impacting the Shiba Inu price.
RCO Finance: The Altcoin Set for a 3,000x Run
RCO Finance is quickly becoming the altcoin to watch. Its revolutionary use of artificial intelligence and blockchain technology makes it a strong contender in the crypto space.
RCOF’s potential 3,000x rally is driven by its AI-powered trading tools, global accessibility, real-world utility, and decentralization.
As the first fully AI/ML-powered trading platform, RCO Finance uses advanced algorithms and machine learning to enhance the investment experience. Its AI robo-advisor serves as your personal investment consultant, creating personalized investment strategies based on your financial goals and market conditions.
Its user-friendly interface and automation minimize emotional trading, further simplifying investment. The RCOF platform caters to both novice and experienced investors, and this accessibility can attract a broader user base.
RCOF’s non-KYC policy prioritizes user privacy while providing global access to investment opportunities. This feature allows users from all regions to participate in the platform, overcoming geographical barriers.
Similarly, investors can invest in assets from over 12,500 different asset classes globally. This includes access to both digital and real-world assets such as real estate, commodities, and more.
By democratizing these assets, RCOF helps users bypass cumbersome crypto-to-fiat conversions. This access promotes diversification and optimized portfolio management.
As regulatory frameworks around cryptos become clearer, projects in compliance gain credibility among investors. RCOF’s approach positions it favorably within this evolving landscape.
Its smart contracts are autonomous, enhancing scalability, security, and performance without human intervention. SolidProof, a reputable blockchain auditing firm, has thoroughly audited them.
Get in Early Before The 3,000x Run
As the Shiba Inu price shows signs of stagnating, RCOF is gearing up for a 3,000x run. With the increasing demand for DeFi solutions and AI-driven tools, the potential for RCOF to dominate the market also increases.
Take your chance to invest before the wave hits. The second stage of the presale is underway, and early investors have the opportunity to purchase RCOF tokens at a discounted price of $0.034. If you invest now, you also get a bonus.
Once listed, the price could surge to $5 or more. So secure your stake in RCO Fiance today and position yourself for massive gains.
For more information about the RCO Finance (RCOF) Presale:
Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
Expert Reveals Time For XRP Price To Hit $27
In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.
Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.
In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.
In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.
Decision Time For The Altcoin
In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”
The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.
The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.
CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.
For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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.
A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction. At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.
Several Altcoins on Binance Suffer Massive Corrections
According to an X post, several altcoins listed on Binance took a major hit, dropping by double-digit percentages. The hardest hit of the lot was Solana memecoin ACT, experiencing a sudden drop of over 50% in 30 minutes.
Other altcoins including DEXE and DF equally recorded steep declines of 23% and 16% respectively in the same window. The price slump left traders scratching their heads but a consensus formed that sizable sell orders were behind the declines.
“The sudden dips were triggered by large sell orders executed in a short time frame, leading to a significant surge in spot trading volume,” said one pundit.
Others turned to market maker Wintermute as the trigger for the selloff. However, Wintermute CEO Evgeny Gaevoy denied responsibility while noting that the market maker reacted “post move.”
The decline comes amid a broader market recovery with several cryptocurrencies including Compound (COMP) gaining 70%.
What Triggered The 50% Decline For Solana Meme Coin
A Binance update on leverage and margin tiers on specific tokens like ACT triggered the massive declines. According to an April 1 announcement, the top exchange has updated the margin tiers of several perpetual contracts, noting that existing positions will be affected.
Following the move, one ACT whale got liquidated for $3.79 million at $0.1877, triggering a broad selloff. Former FTX community manager Benson Sun noted that traders had less than 3 hours to respond to the change, criticizing Binance for the move.
“Before changing the rules, Binance should have evaluated how many positions would be closed,” said Sun. “If there are market makers with large positions, they should have notified them in advance.”
Within hours of MUBARAK’s listing, the memecoin tumbled by 40% with Binance CEO Changpeng Zhao downplaying the impact of a listing on prices. Binance has drawn criticism in recent days following its exclusion of Pi Network from its Vote To List initiative.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.
Crypto Market Crash: BTC, ETH, XRP, & DOGE Decline
CoinMarketCap data shows that a crypto market crash could be on the horizon, with the Bitcoin price sharply dropping below $83,000 from a daily high of around $84,400. Altcoins such as Ethereum, XRP, and DOGE also witnessed sharp declines.
This market crash occurred following the release of weak ISM manufacturing PMI and JOLTS data. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February.
The US JOLTS job openings for February came in at 7.568 million, below the expected 7.690 million and lower than the 7.762 million recorded in January. These data add to several macro fundamentals that paint a bearish outlook for the market.
This crypto market crash could persist, with China, Japan, and South Korea agreeing to respond to Donald Trump’s proposed tariffs. Trump is set to announce a number of reciprocal tariffs tomorrow, which could significantly harm the market as it sets off a trade war between the US and other nations.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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.
How Did UPCX Lose $70 Million in a UPC Hack?
Ethereum Struggles to Break Out as Bear Trend Fades
XRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge
Binance Megadrop Launches KernelDAO
Wintermute Sells ACT Tokens Due To Binance Limit Changes
Ethereum Founder Buterin Funds Swiss Project With 274 ETH—What’s The Agenda?
-
Ethereum24 hours agoEthereum May Have To Undo This Death Cross For Bull’s Return
-
Market23 hours agoBlackRock’s Larry Fink Thinks Crypto Could Harm The Dollar
-
Market22 hours agoCoinbase Tries to Resume Lawsuit Against the FDIC
-
Altcoin22 hours agoCharles Hoskinson Reveals How Cardano Will Boost Bitcoin’s Adoption
-
Market21 hours agoHedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level
-
Altcoin23 hours agoEthereum Bitcoin Ratio Drops to Record Low, What Next for ETH?
-
Market20 hours agoThis is Why PumpSwap Brings Pump.fun To the Next Level
-
Market19 hours agoCardano (ADA) Whales Hit 2-Year Low as Key Support Retested
Arabic
Chinese (Simplified)
Dutch
English
French
German
Italian
Portuguese
Russian
Spanish
Vietnamese
✓ Share: