Altcoin
Shiba Inu Coin Lead Reveals Game-Changing Partnership for SHIB Financial Layer
Shiba Inu coin lead developer Shytoshi Kusama has once again echoed a frenzy across the global crypto landscape, spotlighting a game-changing partnership for the SHIB ecosystem. On Tuesday, the lead developer drew attention to the latest partnership with ‘Mass Build,’ hinting it to be the new ‘financial layer of the Shiba State.’ This new financial layer boasts remarkable AI-driven solutions, further reverberating optimism for the coin among crypto market participants globally.
Shiba Inu Coin Lead Spotlights Partnership With ‘Mass Build’
According to a post by the meme coin’s community’s official X account Shibtoken on October 14, the new partnership with Mass Build aims to bring a “Financial Layer of the Shiba State with AI-driven legal and fiscal solutions” to the coin’s ecosystem. This venture is further backed by Stripe, an online payments company that partners with Mass.
“Together, we’re elevating Shib to the next level,” the X post added, sparking optimism. Meanwhile, user speculations across X emerged about whether the abovementioned partnership is the one discussed by the meme coin’s devs during ‘ETHToronto’ earlier this year. Shiba Inu coin lead developer Shytoshi Kusama took to X, stating, “Correct. This was the partnershib mentioned in the Keynote.”
Simultaneously, another developer of the leading meme coin‘s community, Kaaldhairya, spotlighted the partnership. On October 15, Kaal posted, “Hold onto your leashes! Shib is teaming up with Mass to build the ulti-mutt financial layer of our Shib network state!” These statements have in turn garnered substantial attention to the meme coin’s ecosystem token, Doge Killer (LEASH).
Ecosystem Tokens Witness Price Pump
Simultaneously, Shiba Inu coin and Doge Killer (LEASH) prices today traded in the green, in tandem with a bullish market trend. SHIB price gained nearly 3% at press time and is sitting at $0.00001836. Its intraday low and high were $0.00001789 and $0.00001893, respectively. Further, LEASH price gained slightly over 3% at press time to trade at $289.84. Its intraday low and high were $276.80 and $291.69, respectively.
The dog-themed meme token has also been rising alongside a noteworthy surge in the SHIB burn rate, as reported by CoinGape Media recently. Notably, hundreds and millions of coins taken out of the token’s supply sparked considerable market optimism for the asset.
Recent Coinglass data indicated that Shiba Inu’s futures OI jumped 18%, reaching $56.52 million today. Further, even the derivatives volume rocketed nearly 46% to $175.04 million. This data has added to investor optimism on the asset, underscoring increased market interest.
Simultaneously, in another intriguing chronicle, the Shiba Inu coin lead developer cautioned against fake claims of billion-dollar wallet owners. Altogether, recent events highlight the meme coin’s community’s dedication to enhancing user appeal, further propelling market optimism on future crypto endeavors.
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.
Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
Why The XRP Price Can Hit ATH In 90 To 120 Days
In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.
The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.
In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.
For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.
Ripple’s Native Token Could Still Drop Below $2
Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.
His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.
Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.
Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.
She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.
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.
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Ethereum price has tumbled below $1,900 in a correction driven by a slew of factors. Outside of the technicals, one expert is pinning the blame on Ethereum’s failure to lead and innovate in the Web 3 space.
Ethereum Price Continues Its Steep Decline
According to CoinMarketCap data, technicals for Ethereum’s price are grim, with the second-largest cryptocurrency slipping below $1,900. At press time, Ethereum (ETH) is trading at $1,828 and shows no signs of reversing the grim trend.
A look at Ethereum’s chart does not indicate any signs of an uptrend or a short bounce to stoke embers of optimism. According to pseudonymous analyst Gum, Ethereum signals “relentless downward price action” that could see the asset fall below $1,800.
Over the last day, Ethereum has fallen by nearly 4% while its seven-day chart indicates a decline of nearly 8%. The decline of Ethereum price follows a broader market correction with the global crypto market capitalization losing nearly 3% of its valuation.
On the fundamentals side, things are equally grim for the Ethereum price. Unconfirmed reports of a potential Binance delisting ETH threaten to send Ethereum price to $1,500. Standard Chartered has slashed its ETH prediction for 2025 by 60%, projecting $4,000 as a potential price point by the end of the year.
Expert Says Network Has Itself To Blame
Ryan Watkins, co-founder at Syncracy Capital has taken swipes at Ethereum over its failure to keep pace with its peers. Watkins notes that a failure to capitalize on previous momentum during the last two market cycles is haunting Ethereum’s price.
Ethereum has fallen down the pecking order to new blockchains with Solana and Bitcoin tipped to have the upper hand over the network. An inflow of bridged funds from Ethereum to Solana is accentuating the network’s worrying metrics.
“No one wants to own a growth stage product that’s falling behind technologically superior competitors and bleeding market share,” said Watkins.
Watkins says the only for Ethereum to pull itself from the rut is to “deliver generational leadership and growth.” However, with the Pectra upgrade around the corner, enthusiasts are optimistic that Ethereum can reach $10,000. Hardcore community members are poking holes in Solana’s rise, attributing it a memecoin craze compared to Ethereum’s neck-deep foray into decentralized finance (DeFi).
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.
Whales Accumulate 470,000 Ethereum In One Week – Bullish Momentum Ahead?
Analyst Reveals Why The XRP Price Can Hit ATH In The Next 90 To 120 Days
Gold Keeps Outperforming Bitcoin Amid Trump’s Trade War Chaos
Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details
Bitcoin (BTC) Whales Accumulate as Market Faces Uncertainty
Ethereum May Have Hit Cycle Bottom, But Pricing Bands Signal Strong Resistance At $2,300
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Market20 hours agoONDO Whales Retreat as Price Risks Dropping Below $0.70
-
Altcoin20 hours agoPepe Coin Whale Sells 150 Billion Tokens, Price Fall Ahead?
-
Market19 hours agoXRP Falls 12% in a Week as Network Activity Declines
-
Ethereum19 hours agoEthereum Bulls Disappointed As Recovery Attempt Fails At $2,160 Resistance
-
Market22 hours agoVitalik Buterin Promotes Ethereum Layer 2 Roadmap
-
Altcoin22 hours agoExpert Predicts Listing Date For WLFI’s USD1 Stablecoin, Here’s When
-
Market21 hours agoGRASS Jumps 30% in a Week, More Gains Ahead?
-
Bitcoin21 hours ago8,000 Dormant Bitcoin Suddenly Move: What’s Next For The Market?
✓ Share: