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Can Shiba Inu Price Hit $0.01 As SHIB Burn Rate Rockets 500%?

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12 hours ago

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In an astounding development, Shiba Inu’s burn rate has skyrocketed by nearly 500% over the last 24 hours. This has sparked widespread optimism, with analysts reinforcing their prediction that the Shiba Inu price will hit the coveted $0.01 target.

Let’s unveil SHIB’s surprising surge in the burn rate and its potential impacts on the Shiba Inu price.

Shiba Inu Price Targets $0.01 As Burn Rate Skyrockets

According to SHIBBURN, a platform that tracks the burn rate of Shiba Inu, SHIB has marked a dramatic spike in burns over the last 24 hours. Destroying over 14,052,230 SHIB tokens, the burn rate has increased by nearly 500% in a single day.

As of SHIBBURN’s latest data, the burn rate of Shiba Inu has surged by a whopping 495.55%. With this latest burn, the total number of Shiba Inu tokens permanently removed from circulation has reached 410,745,386,439,403. Now, the circulating supply has reached 584,352,017,567,164.

This significant development has invoked speculations of a possible Shiba Inu price rally, with many focusing on the ambitious $0.01 mark.

How Will the Burn Rate Hike Impact Shiba Inu Price?

Notably, tokens are burned to permanently remove them from circulation, reducing the total number of tokens. This process has a two-fold impact on the crypto market.

When Shiba Inu tokens are destroyed, it creates a scarcity of tokens, which, in turn, increases demand. This scarcity effect and the subsequent demand hike could theoretically push the token’s value higher. This could theoretically push the token’s value higher as their scarcity could increase demand.

In addition, a consistent burn rate can also have a profound impact on investor sentiment. When a platform regularly burns tokens, it demonstrates an active management of supply. This can foster confidence among investors, as they perceive the project as responsibly managing its token economy.

Thus, with the recent 500% hike in the SHIB burn rate, analysts and enthusiasts remain confident that the Shiba Inu price could hit the long-anticipated $0.01 range.

Is $0.01 Target on the Horizon?

As of press time, SHIB is valued at $0.00001276, down 1.28%. Despite a weekly surge of 1.76%, the Shiba Inu price has seen a massive dip of 17% over the past month.

Analysts remain bullish about Shiba Inu’s potential bullish rally. For instance, ZAYK Charts asserted that SHIB is breaking out of a falling wedge pattern, signaling a bullish move. As per his predictions, Shiba Inu will see a staggering 81.63% surge, hitting a critical point of $0.00002500.

Similarly, the analyst known on X as CW shared a short-term target for SHIB. According to him, Shiba Inu’s move past the falling wedge pattern signals its target of $0.000034.  According to the Shiba Inu price prediction, SHIB may reach $0.0000143 in 2025.

Meanwhile, $0.01 remains the long-expected target for the Shiba Inu price. If the SHIB burn rate rises, the token could attain the goal.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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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Binance Coin (BNB) Price Update: What’s Happening Today

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3 hours ago

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March 21, 2025

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Binance Coin (BNB) is showing a stable upward trend while broader cryptocurrency markets reflect mixed sentiment. Currently priced at $633, the asset has recorded an 8% increase over the past week. This gain positions BNB as one of the few major tokens trading in the green, contrasting with the downward momentum seen across most digital assets.

Binance Coin (BNB) Price Action Today

At the time of reporting, BNB price is trading at $633.85. Over the past week, it has sustained a steady climb, moving within a well-defined range. This channel, stretching from $620 to $680, has shaped the recent trading structure on the daily chart. The latest upward movement began after a bounce from the lower boundary, pushing the altcoin price closer to the mid-point of the channel.

More so, the price action featured an attempt to breach a local resistance on the hourly chart. Although the breakout failed to hold, attention now shifts to how the daily candle closes. A close above $640 would mark the highest level of the day and may build momentum toward the upper band of the consolidation zone. Otherwise, the altcoin price may retrace to retest intermediate supports.

From a broader technical standpoint, BNB price remains below the critical resistance at $643.72. This level is important for any bullish continuation. A firm break and sustained position above this threshold may allow the altcoin approach targets in the $660–$680 area. Until that occurs, the token will likely stay within its current pattern of lateral movement.

Technical Indicators and Momentum Analysis

The Moving Average Convergence Divergence (MACD) on the daily chart shows increasing bullish strength. The MACD line has moved above the signal line, with the latest readings at 8.28 and 1.89, respectively. The histogram continues to expand in positive territory, reflecting rising buying interest. This alignment suggests that momentum is favoring the bulls, although confirmation through price action remains necessary.

Supporting this, the Awesome Oscillator (AO) shows green bars forming above the zero line, with the current value at 14.08. This development indicates a positive shift in short-term momentum. 

BNB priceBNB price
Source: TradingView

Meanwhile, BNB’s 24-hour trading volume has declined by 25.86%, now at $1.72 billion. This drop in activity, despite price appreciation, may indicate a cautious approach by investors. Lower volume during an uptrend can limit breakout strength, keeping the market in a wait-and-see position.

Chart Structures and Market Trends

The 4-hour chart outlines a descending channel, defined by a sequence of lower highs and lower lows. Within this structure, BNB is currently positioned near the central line—marked by a dashed trendline—which acts as a temporary support or resistance depending on price reaction. Maintaining levels above this line may open the door to a retest of the upper boundary near $660.

BNB priceBNB price
Source: TradingView

Projection paths drawn on this timeframe indicate a potential upside if the midline holds. If the price fails to maintain its position, further declines within the channel remain possible. This setup presents a range-bound environment that may require a catalyst for resolution.

Meanwhile, a recent analysis shows that the altcoin is approaching a new all-time high, fueled by strong breakout momentum above a descending channel. The surge in price comes as meme coin trading intensifies on the BNB Chain, with Mubarak leading the charge.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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Ripple Provides Guidance To US SEC On Crypto Regulation

Published

6 hours ago

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March 21, 2025

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Ripple has submitted a formal response to the U.S. Securities and Exchange Commission (SEC) following Commissioner Hester Peirce’s February 21 request for public input on digital asset classification. The request, titled “There must be some way out of here,” sought constructive feedback to develop clearer standards for cryptocurrency regulation. Ripple’s response calls for the SEC’s Crypto Task Force to base its actions on existing law, avoid overly complex interpretations, and promote regulatory clarity.

Ripple Responds to US SEC: Calls for Clear Crypto Rules

Responding to US SEC Commissioner Hester Peirce’s February 21 request, Ripple outlined its recommendations for crypto regulation. The company focused on the need for clarity and consistency in applying U.S. securities laws to digital assets.

The XRP company stated that the US SEC does not have authority over most digital assets under current statutes. It emphasized that the SEC can only regulate securities as defined in the Securities Act of 1933 and the Exchange Act of 1934. According to Ripple, any attempt to expand that authority without Congressional action would exceed the agency’s legal bounds.

More so, the crypto company also challenged the previous administration’s approach to applying the Howey test. The company noted that speculative trading and token value discussions were incorrectly used to define investment contracts. Ripple urged the US SEC to avoid misusing legal tests to claim jurisdiction over transactions that do not involve securities.

This move comes just days after the US SEC officially dropped its long-standing lawsuit against Ripple, marking a major turning point for the crypto industry. The announcement, made by CEO Brad Garlinghouse, triggered a sharp surge in XRP price and renewed investor optimism.

Law-Based Definitions for Crypto Assets

In the filing, Ripple called for the use of traditional legal terms, such as “investment contract,” when classifying digital assets. The company argued that a valid investment contract requires a clear, enforceable agreement between parties. This includes an expectation of profit generated through the actions of a counterparty.

Ripple warned against expanding the definition of securities to include digital assets without a contractual promise. It stated that simply selling a token should not be treated as a capital raise or investment contract. The company asked the regulator to focus on straightforward applications of existing legal standards.

According to Ripple, using broad concepts such as “decentralization” or “common interest” risks distorting regulation. The company encouraged the SEC to set crypto regulations that promote predictability and prevent overreach.

Staking from Securities Laws

Additionally, the XRP company addressed staking mechanisms on decentralized networks in its letter. It argued that these systems do not meet the definition of a securities offering. The crypto company emphasized that staking rewards are often generated by protocols through algorithmic rules, not through the managerial efforts of a third party.

The company asked the US SEC to confirm that such yield-generating activities do not require securities registration. Ripple stated that these arrangements lack an identifiable issuer or counterparty making investment promises. As a result, they should fall outside the U.S. Securities and Exchange Commission regulatory scope.

The XRP company concluded that clear, limited, and legally grounded guidance would support market participants.

Meanwhile, the end of the XRP vs SEC lawsuit has sparked renewed bullish momentum, with analysts predicting the altcoin to rally to new highs. Egrag Crypto forecasts a surge to between $5 and $6, with the potential for a spike up to $10.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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Analyst Predicts XRP Price Could Hit New ATH As Ripple Lawsuit Ends

Published

7 hours ago

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March 21, 2025

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Crypto analyst Egrag Crypto has predicted that the XRP price could soon hit a new all-time high (ATH), providing a bullish outlook for the altcoin. This price prediction comes following the SEC’s decision to end the Ripple lawsuit, a development that could spark the rally to a new ATH.

Analyst Predicts XRP Price Could Soon Hit New ATH

In an X post, Egrag Crypto predicted that the XRP price could soon hit a new ATH. This came as he highlighted between $5 and $6 as the next targets for the altcoin. The analyst remarked that he doesn’t foresee any resistance at Fib 1.236. As such, he claimed that the next movement is likely to reach Fib Circle 5 and Fib 1.414, estimated between $5 and $6.

ImageImage

Egrag Crypto further raised the possibility of a potential wick to Fib 1.618, with XRP hitting around $9 to $10. This prediction follows the US SEC’s decision to drop the Ripple lawsuit. This bullish fundamental could spark the projected rally to a new ATH for XRP.

From a technical analysis perspective, Egrag Crypto noted XRP’s resilience, with the altcoin consistently closing above the Fib 1.0 level for the past three months. The analyst stated that this demonstrates three consecutive months of full-body closures. He added that this pattern is extremely bullish as full-body candles signify stronger confirmation of price movements compared to wick-only formations.

The analyst also stated that if the XRP price records these anticipated movements occurring between now and May, then there might be another correction followed by a continuation of a bull run.

However, if this price surge happens towards the end of this summer or in Q4 2025, Egrag Crypto claimed that it could signify a cycle top and the conclusion of this bull run. He remarked that the timing of this peak will play a crucial role in determining whether XRP continues into a new cycle.

The Altcoin Is Ready To Explode

In an X post, crypto analyst Bitcoin Ape asserted that the XRP price is ready to explode. He revealed that the altcoin is flashing an intraday bullish flag, which indicates that a breakout might be on the horizon.

He alluded to bullish fundamentals, such as the end of the Ripple lawsuit and the XRP ETFs, which could spark a full-blown breakout. Bitcoin Ape predicted that the altcoin could reach $10 at the minimum by April end.

ImageImage

Meanwhile, crypto analyst Amonyx predicted that the XRP price could rally to as high as $20 with 18 XRP ETFs on the horizon. Like Bitcoin Ape, Amonyx believes these ETFs could spark a bullish momentum for XRP.

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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.





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