Altcoin
Shiba Inu Price Eyes 81% Upside With SHIB Burn Rate Rising
Over the past week, the Shiba Inu price has faced strong volatility, however, it has managed to hold above the $0.0000125 support levels. Furthermore, large volume transactions for SHIB and rising burn rate can serve as an additional catalyst for the same. Technical chart indicators show that a SHIB breakout can lead to an 81% upside for the second-largest meme coin.
Shiba Inu Price Breakout Can Trigger 81% Upside
Shiba Inu price is showing signs of a potential bullish reversal as it breaks out of a falling wedge pattern on the daily timeframe. The daily chart shows SHIB trading within a descending channel that has been in place since December 2024, with the price recently testing the upper boundary of this channel. The cryptocurrency reached a high of $0.00001303 and a low of $0.00001293 during this period as shown in the below image.
As shown in the above image, a breakout from this descending channel can trigger the next SHIB bull rally with a potential target of 81% on the upside. Some market analysts are also predicting a 17x Shiba Inu rally from here onwards.
Shiba Inu Transaction Volumes on the Rise
With the Shiba Inu price staging a rebound to $0.00001367 yesterday, the network has witnessed a large transaction volume for the same. On-chain data from IntoTheBlock revealed a significant spike in large Shiba Inu transactions, each valued at $100,000 or more, on March 20.
This coincided with the SHIB price seeing a surge past $0.000013 levels for the first time in a week. The total volume of these transactions rose to 7.49 trillion SHIB, valued at over $97 million at the $0.000013 price point. Thus, it shows a massive 197% jump from the 2.52 trillion SHIB traded the previous day.
Over the last weekend, the SHIB transactions dropped to a low of 571 billion. However, whale activity has resumed once again showing potential interest from big players. The latest spike of 7.49 trillion SHIB marks the highest transaction volume in nearly two months.
SHIB Burn Rate on the Rise
As per the data from SHIBBurn, the overall Shiba Inu burn rate has surged by 21% in the last 24 hours, now moving past $17.1 million. Over the past week, we have seen a strong surge in the SHIB burn rate thereby raising overall market optimism surrounding the meme coin.
Following the latest burn event, the total number of Shiba Inu tokens permanently removed from circulation has climbed to 410,745,403,545,103. This brings the circulating supply down to approximately 589,254,596,454,896 tokens.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
After weeks of sideways trading, cryptocurrency analysts are tapping Solana to embark on a meteoric rally in the coming days. Short-term Solana price predictions point to a climb to $150, followed by a spirited push above the $1,000 mark.
Solana Price Has Established A Foundational Base For $1,000
Pseudonymous analyst CryptoCurb is predicting a strong rally for Solana’s price, tapping the asset to surpass $1,000. According to a post on X, CryptoCurb says the push towards $1,000 will happen before the end of the year
Per CryptoCurb, several factors are in play for the rally toward $1,000 including the setting of a “parabolic base” to make the leap. Solana price has spent weeks consolidating around the $120 mark with CryptoCurb interpreting it as a ramp to clinch $1,000.
“Solana consolidating and establishing a foundational base of $120 this past year is the most bullish thing SOL could have done for hopes of tighter targets this cycle,” said CryptoCurb.
While CryptoCurb’s analysis eyes the end of the year, short-term projections predict that the Solana price is headed to $150. The prediction hinges on Bitcoin price swinging upward, a move that could see SOL rally in the coming days.
“We will definitely retest the $120-$123 range before doing a big push upwards imo,” said one analyst.
A Slew Of Positive Onchain Metrics
Solana’s ecosystem is buzzing with optimism, fuelling speculation of a potential rally in the coming weeks. For starters, network adoption has soared to new rights with SOL addresses reaching 11 million.
A barrage of SOL ETFs underscores growing institutional interest in the network, a precursor for huge price leaps for the asset. Furthermore, the Solana price received a small jolt following the bridging of $314 million from the Ethereum network.
The network is moving on from its ad backlash to strike new ecosystem partnerships. A collaboration to integrate TRX on Solana is considered a massive play in the push to a seismic rally.
In view of on-chain and ecosystem activity, dour reports of SOL price below $100 seem far-fetched as traders scan the horizon for early glimpses of a rally.
Aliyu Pokima
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.
XRP, the digital currency associated with Ripple Labs Inc., is considered one of the coins with big price prospects in this current Donald Trump administration. As the third largest asset by market capitalization, XRP was changing hands for $2.371, down marginally by 0.61% in 24 hours. Despite the mild bearish outlook, there is reason to stay optimistic about long-term growth.
Since President Trump’s election victory, XRP has seen an impressive growth trend. The Republican win paved the way for crypto innovation in the country, forming a major headwind for the coin. In the long term, less regulatory oversight can help the Ripple ecosystem thrive, with an upside for the coin.
XRP and the Strategic Reserve Advantage
The liberation of XRP over the past month is considered a start. However, with this administration’s pro-crypto tilt, analysts are divided on how high the coin could soar by 2028 when President Trump will be at the end of his current tenure.
In an earlier XRP price prediction, analysts issued a target of $150 for the coin. While this forecast is not conservative, the prospect of XRP’s inclusion in strategic crypto reserve in the US offers more optimistic projections. As reported earlier by CoinGape, market analyst Crypto Pal believes XRP could jump to a $10,000 to $35,000 range if added to the reserve.
Beyond the growing speculation of XRP’s inclusion in the reserve, a major challenge lies ahead. Most Bitcoin proponents believe altcoins in the stockpile might produce the opposite effect. However, if the coin bypasses this hurdle, the price has a huge prospect for a breakout.
XRP Utility Amid SWIFT and US Bank Integration
The Ripple Labs ecosystem is advancing rapidly, fueling the integration of some of its associated products in mainstream finance. As a blockchain payments firm, Ripple Labs always looks for top players to partner with. This has birthed speculations around a potential SWIFT partnership.
If this happens, the upside for the XRP price is enormous, with analysts suggesting a likely rally to $1,000. The coin and other Ripple products may come without much hurdle for SWIFT to integrate. The end of the Ripple and SEC lawsuit has cleared the path for the firm to grow its business in the United States.
Over the past few years, digital currency has been key in powering some global banks’ cross-border settlement systems. According to SBI CEO Yoshitaka Kitao, XRP is already on track to revamp Japanese banks’ remittance businesses.
The current regulatory outlook is expected to pave the way for US Banks to adopt XRP in the long term. Recall that the Office of the Comptroller of the Currency (OCC) has given the green light to banks to engage in crypto-related activities. This can help Ripple rebuild the payment partnerships it lost due to the SEC lawsuit.
Besides this outlook, President Trump’s trade policies, though worrisome at the moment, might indirectly favor American-first crypto innovations. With US Debt financing plans with crypto, the bull case for XRP is further solidified.
XRP Price Prediction for 2028
Different analysts forecast XRP using different models. However, CoinGape consulted DeepSeek AI on the coin’s price by 2028.
The AI model identified conservative, moderate, and bullish scenarios for the XRP price target. Under the conservative estimate, DeepSeek sees XRP trading around $10 to $20. This forecast hinges on the prospect of gradual adoption in the ecosystem.
The moderate estimate projects the coin to soar from $50 to $100 in the long term due to potential SWIFT and US partnerships. In the bull case scenario, the AI model sees the XRP price trading from $150 to $200 if it becomes integrated into crypto reserves.
Is XRP Price Breakout Ahead?
Many advocates believe XRP has faced suppression in the past four years owing to the Ripple lawsuit. However, President Trump’s renewed focus on encouraging crypto innovation has renewed the hope for cryptocurrency.
Macroeconomic trends, including potential rate cuts, create a headwind for the coin. This positive outlook shows Ripple may play a key role in redefining global finance by 2028, a trend that will profit XRP.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
Ethereum price stole substantial investor attention this Saturday as it gained an upward trajectory, even briefly topping $2,000. Despite constant outflows in ETF ETFs over the past few days, this upswing has emerged, sparking market optimism over future price movements.
For context, Ether ETFs have recorded constant outflows on a daily basis, sparking market concerns globally. Although these outflows remained below the $20M mark each day, market watchers speculate over future aspects amid evolving market dynamics.
Ethereum Price Jumps Despite ETH ETF Outflows
ETH coin’s price witnessed a nearly 2% uptick in the past 24 hours and closed in at $1,995 as of press time. The crypto recovered from an intraday low of $1,937 and even hit a high of $2,005 briefly this Saturday.
This price upswing primarily caused a market stir, defying usual investor sentiments in light of constant outflows in ETF products. Sosovalue data indicated that Ethereum recorded $102.89 million in weekly outflows from March 14 to 21, a concerning factor for investors.
Of these outflows, $11.72 million, $12.41 million, and $18.63 million occurred on March 19, 20, and 21, respectively. Traders and investors speculate whether these outflows could top the $20 million mark ahead, which could bring potential heat to the price.
Ethereum price is up nearly 5% since it last recorded over $20 million in outflows in ETFs, which was on March 18. The asset’s price rose from the $1800 level to $1,985 since then to date. The rising action has ignited speculations of cooling ETF outflows ahead, further supported by other dynamics.
Is ETH Supply Shock Incoming?
Simultaneously, recent on-chain data has cemented a considerable bullish sentiment for the coin. Renowned market trader and analyst ‘Merlijn The Trader’ revealed that whales scooped up $236 million worth of ETH over the past 72 hours. The massive buying pressure paves an optimistic path for future price action, underlining the potential for an ETH bounce back to previous highs.
Simultaneously, market analyst Crypto Rover took to X, revealing that Ethereum reserves on exchanges hit an ATL. For context, drying up exchange reserves signals heightened withdrawing for a crypto and rising market interest. The data also indicates that a potential supply shock looms, which could further offer support to the price.
Despite constant ETF outflows, the abovementioned stats indicated that price gains await. Given this feat takes place, rising interest could also propel inflows in ETFs ahead.
Top Analyst Says 100% Pump For Ethereum Price Ahead
Also, market expert ‘Patron’ posted on X, revealing that ETH price claimed a vital support level near $1,978. A sustained break above this level, further escorted by the abovementioned bullish factors, could result in a potential 100% rally ahead. As per the analyst, the upcoming targets remain $2,296, $2,913, and $4,000, which is up nearly 100% from the current level.
However, it’s also worth taking into account that ETH’s fear and greed index stood at 37. This stat conversely signals that investors are cautious despite bullish dynamics, primarily due to macro trends and institutional interest decline. According to Ethereum price prediction, ETH could reach $2,100.57 by 2025.
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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