Altcoin
Custodia Bank CEO Shares ‘DOGE’ Recommendations Amid Elon Musk’s $2T Target
Custodia Bank CEO Caitlin Long shares her recommendations to Department of Govt Efficiency (DOGE) as Elon Musk proposes to cut at least $2 trillion from the U.S. federal budget. Musk joined Republican presidential candidate Donald Trump and roughly two dozen other speakers during the rally at the Madison Square Garden in New York City.
Custodia CEO Calls for DOGE and Elon Musk to Move Fast
Caitlin Long, CEO of Custodia Bank, took to X on October 28 after Elon Musk predicted saving at least $2 trillion from $6.5 trillion wasted by the Biden-Harris administration. During the Trump rally at MSG, Musk said “Your money is being wasted. We’re going to get the government off your back and out of your pocket book.”
Trump has said he would ask Musk to head up an effort to cut government spending, named the Department of Government Efficiency (DOGE), a reference to a cryptocurrency Musk has embraced.
Long recommends DOGE founding members Howard Lutnick and Musk to also keep an eye on federal employees and regulations terrorizing businesses like Custodia. She said “The regulatory abuse has been staggering,” She added that the Department of Government Efficiency needs to move fast as the Democrats will push for the US Senate majority in 2026.
“If the DOGE team really plans to do something big so it has a chance of being durable & not reversed by the next president, it’d need to be fast.”
Long warned that Musk’s DOGE will face one problem after slashing federal spending is economic depression as the US government spending is 23% of the US GDP. She thinks the government inaccurately views growing spending to GDP. “It’s the wrong measure & they’ll need to explain why,” Custodia Bank CEO added.
She suggests two things:
- stop focus on GDP that ignores the amount of B2B or supply chain spending,
- start measuring economic performance instead by “gross output,” which includes B2B spending.
“Therein lies the oppty for Dept of Govt Efficiency: stop measuring the economy by GDP growth. Cutting govt spending will by def’n cut GDP–but MORE IMPORTANTLY as capital & jobs are redeployed to the private sector, B2B activity will grow & that’s where the *real* growth is!,” said Caitlin Long.
DOGE Price Gains Over 4%
DOGE price surged more than 4% in the past 24 hours, with the price currently trading at $0.143. The 24-hour low and high are $0.136 and $0.145, respectively. Furthermore, the trading volume has shot up by 90% in the last 24 hours, indicating a massive interest among traders.
The price rallied 40% this month amid Musk’s DOGE developments and posts. The crypto community eyes DOGE rally to $1 after Donald Trump’s win.
— Elon Musk (@elonmusk) October 28, 2024
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.
Altcoin
XRP Price Prediction: 2025 To Be Bullish With 450% Rise, ETFSwap (ETFS) To Rally 14,000% To New ATHs
As cryptocurrency trends point to a bullish year in 2025, investors are paying close attention to the XRP price and another fast-rising altcoin, ETFSwap (ETFS). Predictions for the XRP price show a projected increase of up to 450%, while ETFSwap (ETFS) could potentially rally 14,000% to reach new all-time highs.
ETFSwap (ETFS): Innovative DeFi Platform With Powerful Features
ETFSwap (ETFS) has emerged as a game-changer in the DeFi space, presenting users with several high-value features. Central to its appeal is its user-friendly interface, making the DeFi experience easy for everyone, from novice traders to seasoned investors. This interface guarantees that users can use the platform with minimal complexity, thereby making ETFSwap (ETFS) accessible and enjoyable.
In addition, ETFSwap (ETFS) is fully DeFi-oriented, enabling users to swap other cryptocurrencies in a decentralized way, enhancing both transparency and user control. With ETFSwap (ETFS), users can swap assets with ease, bypassing traditional financial systems entirely.
ETFSwap (ETFS) will give users access to various ETF staking pools to earn passive income. ETFSwap (ETFS) has also promised a live price tracker in the AI-powered ETF Tracker. This tool will trail the prices of popular ETFs in real-time, assisting users to take every trading opportunity that presents itself. Similarly, the flexibility the ETF tracker affords will help users perform more efficient risk management as they can adjust or close their open positions in response to adverse market dynamics.
ETFSwap (ETFS) will also feature an advanced AI-driven ETF Screener. This AI-driven ETF tool allows investors to analyze ETF performance in real time, and makes recommendations based on market sentiment, trends and pattern recognition so users can make better investment decisions.
Adding to its appeal, ETFSwap (ETFS) plans to launch its own ETF by 2025, allowing users to invest in a crypto ETF tailored to meet the demands of modern investors. The platform’s credibility is further strengthened by a security audit from Cyberscope, which has verified ETFSwap (ETFS)’s commitment to maintaining a secure and transparent environment. This audit reflects the platform’s focus on safeguarding assets and upholding trust within the community.
XRP Price Prediction: Bullish Prospects For 2025 With 450% Growth
The XRP price forecast for 2025 remains highly optimistic, with industry experts projecting a remarkable 450% increase from the current XRP price of $0.5243. Experts believe that Ripple (XRP) could trade between $3 and $5, making it one of the top-performing cryptocurrencies in this cycle. As a token with established utility in cross-border payments, the XRP price is well-positioned to benefit from growing interest in digital currencies. Ripple’s (XRP) strategic focus on partnerships has further boosted the XRP price level in global finance, with leading institutions increasingly adopting Ripple’s (XRP) blockchain technology.
The anticipated improved adoption facilitates efficient, cross-border transactions positions Ripple (XRP) as a reliable choice for those looking to benefit from both stability and strong growth potential in the crypto market. As investor confidence builds around Ripple (XRP), it is projected that the XRP price will move toward new highs, making it an attractive asset for long-term investment.
ETFSwap (ETFS) To Set New ATHs With 14,000% Rally
While Ripple (XRP) continues to grow as a leader in the payments industry, and the XRP price targets a 450% rise, ETFSwap (ETFS) is paving the way for new possibilities in DeFi and ETF investing. Top analysts predict that the surging interest in the ERC-20 token will trigger its surge by 14,000%. They especially expect the demand that its upcoming beta platform launch will create to explode the token’s value tremendously, frequently setting new ATHs next year.
Don’t miss your chance to join the presale of ETFSwap (ETFS) for $0.05769 and access a groundbreaking platform that combines advanced ETF tools with the freedom of a fully DeFi ecosystem. Take action now and be part of the next big movement in crypto!
For more information about the ETFS Presale:
Crypto exchange behemoth Binance on Tuesday revealed a vital announcement on meme coins POPCAT & MEW (Cat in a Dogs World). The exchange primarily revealed that it is adding the perpetual contracts for the mentioned meme tokens to its futures copy trading platform. In light of this new enhanced offering revealed by one of the leading exchanges, market watchers speculate whether the Solana meme coins could rally ahead.
Binance Enhances Offerings For POPCAT & MEW Sparking Optimism
In an official Binance announcement dated November 5, the crypto exchange revealed that it is adding POPCAT and MEW USD-Margined perpetual contracts to the futures copy trading division today at 09:00 UTC. Per the announcement, users can now trade POPCATUSDT and MEWUSDT on the copy trading platform.
For context, the copy trading division of the digital asset trading platform allows users to “copy experienced traders’ portfolios in real time.” This enhanced investment offering for market watchers, providing opportunities to maximize gains on an asset, could bring a pivotal shift in market sentiments surrounding the Solana meme coins.
Primarily, as more buyers gush in to capitalize on gains mirroring experienced traders’ profiles, a substantial increase in buying pressure could propel bullish momentum in the meme coins. Overall, as the crypto exchange giant expands its offerings for the abovementioned crypto, market watchers remain optimistic about future price movements.
Solana Meme Coins’ Prices To Rally?
At press time, POPCAT price soared nearly 4% in tandem with Binance’s announcement, reaching $1.30. The coin’s intraday low and high were $1.19 and $1.31, respectively. Simultaneously, MEW price gained nearly 2% today and is trading at $0.008332. The coin’s 24-hour low and high were $0.00765 and $0.008528, respectively. Notably, the cryptos’ rising price movement aligns with the enhanced trade offerings by one of the leading crypto exchanges.
Simultaneously, it’s also worth mentioning that the same exchange listed Solana-based PONKE recently, causing a similar upswing effect on the coin’s price. However, PONKE traded down nearly 4% today, reaching $0.4352, sparking contrasting sentiments on the Solana meme coins prices.
On the other hand, CoinGape Media reported that GOAT price extended weekly gains to nearly 200% with the exchange’s launch of futures listing recently. Overall, market watchers remain uncertain over POPCAT and Cat in Dogs World’s prices ahead in light of recent listings.
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.
Shiba Inu coin’s team sparked a tidal wave of frenzy across the crypto landscape on Tuesday, revealing a proposal to introduce Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the U.S. Notably, the meme coin’s lead developer, Shytoshi Kusama, unveiled this proposal recently while also inviting “presidential candidates or interested parties” nationwide to jack up the endeavor. Meanwhile, another prominent community member, Kaaldhairya, called out on the U.S. presidential candidate Donald Trump and American billionaire Elon Musk, drawing their attention to the matter.
Shiba Inu Team Unveils S.H.I.B. Proposal
In an official X post dated November 5, Shytoshi Kusama proposed for S.H.I.B. (Strategic Hub for Innovation in Blockchain) in the U.S. Notably, this mover aims to transform the United States into an epicenter for blockchain technology and sustainable development. As the global race for blockchain and digital asset-based investments grows, this mover could be pivotal, the proposal spotlighted.
Further, the details in the proposal also rolled out a potential budget plan for the development of the strategic hub in the U.S. Encompassing key aspects such as infrastructure development, economic incentives, talent development, regulatory framework, building and overseeing sustainable practices, marketing and global outreach, the projected cost for the hub development is $1.3 billion – $2.35 billion over a 5- to 10-year period, per the plan revealed by Kusama.
In addition, this project also eyes outcomes such as job creation, startup attraction, employment growth, and technological growth, among other optimistic advancements. Overall, the proposal sparked a frenzy among market participants, also bringing attention to the meme coin Shiba Inu’s crypto venture.
Meanwhile, meme coins appear to have stolen the spotlight amid the ongoing U.S. presidential elections. Notably, Elon Musk’s Department of Government Efficiency (D.O.G.E.) saga has already injected significant optimism into Dogecoin, another leading dog-themed meme crypto. Recently, CoinGape media reported that the American billionaire tapped into U.S. Fed critic Ron Paul for D.O.G.E expertise, aiming to minimize government spending.
Exec Hollers At Trump & Musk Sparking Optimism Over SHIB Price
On the other hand, Kaaldhairya, another prominent member of the meme coin’s team, took to X, tagging Elon Musk and Donald Trump while reiterating Kusama’s statements. According to Kaal, this endeavor could bring “America’s very own ‘Crypto Valley’- Call it S.H.I.B., D.O.G.E.’s hyper-smart cousin that brings jobs, tech and a futuristic world!” Altogether, this statement has garnered significant attention across the broader market, echoing optimism for Shiba Inu’s future prospects.
Given the proposal garners support, the meme coin’s price action could also see a paradigm shift. Notably, SHIB price traded at $0.00001745, up 4% intraday in tandem with the announcement. The coin’s 24-hour low and high were $0.00001642 and $0.00001743, respectively. Crypto market enthusiasts continue to monitor the coin amid recent developments, expecting further shifts in the trajectory ahead.
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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