Altcoin
Shiba Inu Price Prediction: SHIB On the Right Path, but Analyst Fears This Rival Will Outperform 3000x Sooner
The Shiba Inu price is gaining attention as the crypto market gains stability, with memecoins like SHIB and Dogecoin making a comeback through impressive upticks. Backed by legions of devoted fans and bold ambitions, the Shiba Inu price trajectory has become a topic of hot debate.
However, as SHIB tries to expand its ecosystem with initiatives such as Shibarium and token burns, its growth is still ongoing. Although Shiba Inu is on the right track, some believe that it will be overtaken by a less popular altcoin, RCO Finance (RCOF), which has the potential to grow 3,000 times.
SHIB on the Verge: Can Shiba Inu Break Free or Face Stiff Rivalry?
Shiba Inu enthusiasts are waiting for a surge, and the altcoin appears to be gaining strength. Crypto analyst “Crypto Sheriff” (@Gem_Sheriff on X) has confidently stated that SHIB may be on the verge of breaking out of its consolidation phase with the first target of reaching $0.00002.
Currently, the Shiba Inu price is at $0.00001896, and investors are keenly observing the formation of a descending triangle pattern, which could go either way.
Sheriff is convinced that an upward breakout will likely occur, which may lead to a new rally, but he also notes that meme coins are highly unpredictable. SHIB has also recovered, having gained 5.7% in the past week and over 34% in the last 30 days.
The coin’s market activity shows that investors are gaining confidence in the cryptocurrency as it has a 24-hour trading volume of $432.95 million and a market capitalization of $11.17 billion.
However, analysts are still careful with such predictions, especially since the memecoin market is quite volatile. Some believe the Shiba Inu price is closer to its breakout, while others think it may still need to catch up to new entrants offering exponential growth.
The Quiet Rise of RCO Finance: A Meme Coin Killer in the Making?
Some have described RCO Finance as a potential meme coin killer, but it generates buzz for all the right reasons. While Shiba Inu is primarily concerned with developing its ecosystem, RCO Finance offers immediate utility with outstanding financial instruments that could revolutionize DeFi.
What makes RCO Finance unique is the incorporation of crypto AI, which improves the trading process and makes sophisticated investment methods available to everyone.
At the heart of this change is the Robo Advisor, an AI-based investment tool that recommends personalized investment plans and adjusts them in real-time based on market conditions.
The Robo Advisor employs sophisticated algorithms to process market information and develop investment plans corresponding to the user’s objectives and risk profile. This helps users enjoy institutional-level trading without much market knowledge as the AI tracks conditions and rebalances portfolios.
Apart from the intelligent advisory, RCO Finance provides a decentralized trading exchange where users can access more than 120,000 assets from 12,500 classes. This broad spectrum of assets encompasses common financial instruments such as equities and bonds, cryptocurrencies, and even real-world assets backed by tokens, including real estate and artworks.
Another advantage of RCO Finance is the availability of high leverage, which enables traders to increase their stakes up to 1000 times. While many platforms limit leverage to the minimum, RCO Finance enables users to take certain risks that can bring high profits.
RCO Finance functions in a no-KYC setting, meaning users can engage with DeFi products without undergoing rigorous identity validation. In addition, the RCOF token smart contract has been audited by SolidProof, a leading blockchain auditing firm.
Will RCO Finance’s Ambition Overshadow SHIB’s Loyalty?
While the Shiba Inu price movement has been relatively stable, some investors believe it is high time to make a return investment. Consequently, The current RCO Finance (RCOF) token presale has become the hottest ticket for those seeking explosive gains. The presale has garnered significant attention, raising over $3.8 million in months.
Priced at just $0.03, RCOF offers a unique opportunity for early investors to participate in the next major altcoin breakout. Despite the anticipated $0.6 listing price, market forecasts predict a staggering 3,000x return, making even the most optimistic Shiba Inu price prediction pale in comparison.
RCOF token holders enjoy various benefits within the ecosystem. By holding RCOF tokens, users can access exclusive features like discounted trading fees and participation in governance decisions that impact the platform’s future.
The project’s popularity has increased due to the potential for passive income through staking, yield farming, and DeFi lending. Users can stake their RCOF tokens and earn high APYs of up to 86%, creating an additional revenue stream while contributing to the network’s stability.
Take advantage of this early opportunity and join the RCO Finance presale to be part of DeFi’s future.
For more information about the RCO Finance (RCOF) Presale:
Litecoin founder Charlie Lee recently spoke about enthusiasm for the ETF application, especially regarding rising institutional interest in Litecoin and possible approval.
He also pointed out the importance of the demand, reflected by the more than daily 2% growth of the Grayscale Litecoin Trust, which is currently trading at more than double its NAV.
He added comparisons with Litecoin’s peer-to-peer transactional similarities with Bitcoin, saying the likelihood of the Litecoin ETF approval anytime soon is extreme.
Litecoin Founder Charlie Lee Says ETF Approval Coming Soon
Litecoin founder Charlie Lee recently expressed delight over Canary Capital’s recent filing for a Litecoin ETF because this indicated that the cryptocurrency was finding interest among both institutional and retail investors.
🚨NEW: Litecoin founder @SatoshiLite gave this statement to @FoxBusiness regarding @CanaryFunds recent filing for a $LTC ETF:
“I’m excited to see the Litecoin ETF filing by Canary Capital. We are definitely seeing a lot of institutional demand for Litecoin. This is clear from… https://t.co/CS7kg2Cn2g
— Eleanor Terrett (@EleanorTerrett) October 21, 2024
Sounding confident, he projected that permission for the LTC ETF would not take much time because crypto ETF products were gathering pace in the market. If this happens, some market experts predict the Litecoin price will jump to $400 and more than $1,100 by 2026.
At the same time, market sentiment reflects the rising demand for Litecoin, which may also serve to justify the approval of this ETF. This interest follows a wider trend of institutional adoption of cryptocurrencies, underlining the changing dynamics across the digital asset landscape.
With the recent approval of Bitcoin and Ethereum ETFs by the SEC, the door is finally open for spot ETF applications to be approved for other cryptocurrencies, including Solana’s SOL, XRP, and Litecoin LTC.
Of course, one of the big surprises last week was Canary Capital’s application for a Litecoin ETF alongside its XRP request. Litecoin is up 6% weekly at the time of writing, trading at $70.88.
Rollercoaster Ride: ETF Filing Fuels Volatility
The Litecoin founder pointed to the growing interest in Litecoin, using the increasing value of Grayscale’s Litecoin Trust as proof that this institutional demand is on the rise. He said the trust was trading at more than double its net asset value, NAV, which was a sign of excellent market interest in the cryptocurrency.
He finally added that Litecoin shares much in common with Bitcoin in many aspects since both are commodities. This optimism aligns with the broader trend of increasing institutional involvement in cryptocurrency.
In the wake of the latest filing, the LTC price increased significantly, reaching a monthly high of $75.88 and recovering from a low of $62.12. However, the uncertainty associated with the approval, along with general volatility in the market, has placed the Litecoin price at $71.44, a drop of 5.04%.
Canary Capital Files for Litecoin ETF, Following XRP Filing
At the time, James Seyffart, an ETF analyst at Bloomberg Intelligence, only confirmed that Canary, who previously filed for an XRP ETF, has now applied for a Litecoin ETF.
Seyffart agrees with the Litecoin founder but also said that Litecoin is already a member of Europe through listing exchange-traded products. “Some ETPs already hold Litecoin, such as $LITE in Switzerland from CoinShares and $ELTC in Germany from ETC Group,” Seyffart said. He further explained that in the US, the Grayscale Litecoin Trust traded under the symbol LTCN.
This latest ETF filing is very different because it’s a single ETF focusing on Litecoin, whereas previous filings have focused on major cryptocurrencies. Even Eric Balchunas, the senior ETF analyst at Bloomberg, added his voice to this regarding the importance of this filing. He explained that it’s not just the first Litecoin ETF in the U.S. but potentially the first one globally.
“Even 21Shares does not have one at this point,” he stated.
This move comes hardly a week after Canary Capital filed for an XRP ETF on October 8, gathering massive crypto community attention. Filing for XRP came after similar filings by Bitwise, a leading crypto asset manager. If approved, Litecoin founder Lee hopes that both the Litecoin and XRP ETFs will offer new ways for traditional investors to get exposure to the assets.
Teuta
Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.
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.
The Solana Price could enjoy a 26x increase from its current price and rise to as high as $4,500. This is based on an analysis of a cup and handle pattern that just formed on the coin’s chart. This provides a bullish outlook for SOL, which is already bullish territory thanks to its fundamentals, which have contributed to recent price gains.
The Solana Price Can Reach $4,500
SOL has formed a cup-and-handle pattern on its weekly chart, which shows that the Solana price can surge by 2,600% and rise to $4,500. The bullish pattern usually signifies the continuation of an uptrend. This pattern extends way back to 2022 when the crypto dropped from around $206 to as low as $9.20 following FTX’s collapse.
Before the price drop, SOL was witnessing an uptrend, which was set to send it past its current ATH of $260. Therefore, this price surge is simply a continuation of the price rally which began in 2022 but was derailed by FTX’s collapse.
This chart analysis provides a more bullish outlook for the Solana price than crypto analyst Titan of Crypto’s forecast that SOL will hit $1,400. However, his analysis is similar to this as he highlighted a bull flag which formed on SOL’s chart.
The bull flag is also a bullish pattern that hints at an uptrend continuing after a period of consolidation. Based on the cup-and-handle and bull flag analysis, the price surge to four digits, if it happens at all, will likely occur next year and will mark the market top in this bull run.
In the short term, the focus is on how high the Solana price can reach by the end of this month. According to a CoinGape analysis, the coin will likely move towards $190 and $195 and could rise higher and trade between the $230 to $250 range, close to its current ATH.
Solana Is Currently Ahead Of Other Chains
The Solana network is well ahead of other chains in decentralized exchange (DEX) volume, which is a bullish development for the Solana price. DeFiLlama data shows the network is leading other chains in weekly and daily volumes.
In the last 24 hours, the Solana network has witnessed DEX trading volume of $2.17 billion, well ahead of Ethereum, which recorded $1 billion during this period. Similarly, SOL is ahead of ETH in weekly DEX volume with $12.8 billion to $8.8 billion.
The narrative that Solana is becoming the new home of DeFi is getting stronger, and this has also strengthened predictions that SOL could flip ETH or at least challenge its dominance in this market cycle.
While that remains a big ask, it is worth mentioning that the Solana price is currently outperforming the Ethereum price in this bull run. SOL boasts a year-to-date (YTD) gain of over 63% compared to ETH’s 17%.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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.
The crypto market is a highly speculative community. A lot of what-if scenarios are constantly thrown at the wall as investors wonder “what could be” for their favorite cryptocurrencies. This time, the question is, “How high will the Shiba Inu price be if it rises to XRP’s $30.5 billion market cap?” Let us find out. Meanwhile, ETFSwap (ETFS) is strengthening its ETF trading platform in preparation for its beta platform launch.
Quantum Leap: Shiba Inu Price At Ripple’s (XRP) Market Cap
Shiba Inu (SHIB) put itself on the map after Shiba Inu’s price completed a meteoric 8,000% rise in October 2021. It is now the 13th-ranked crypto by market capitalization. Shiba Inu (SHIB) currently has a market capitalization of $11 billion, and the current Shiba Inu price is $0.0000186.
Ripple (XRP) is another top altcoin that has delivered impressive rallies to reach seventh on the top cryptocurrencies ranking by market capitalization. At its peak, Ripple (XRP) had a market cap of $131.6 million, but it has had a rocky couple of years. The SEC has launched a series of legal onslaughts against Ripple Labs Inc., the firm behind the Ripple (XRP) token.
So, how much would the Shiba Inu price be if it attained Ripple’s (XRP) market capitalization? MarketCapOf, a token comparison website, simplifies the calculations. At Ripple’s (XRP) current market capitalization, the Shiba Inu price would be $0.0000528. That level would represent a 2.84x increase in the Shiba Inu price.
ETFSwap (ETFS) Gearing Up For Beta Platform Launch
ETFSwap (ETFS) is the world’s premier decentralized ETF tokenization and trading platform. The intricate marriage of traditional and decentralized finance presents a fine opportunity for institutional investors and crypto traders to invest in a highly liquid market. Additionally, it allows both parties to hedge against losses by diversifying their portfolios across various assets and mitigating risks in adverse market conditions.
ETFSwap (ETFS) achieved this delicate cross by collaborating with regulated investment banks in compliance with the Markets in Crypto-Assets (MiCA) regulatory framework. This allows the platform to feature and offer a wide assortment of ETFs off an institutionally provided database of ETFs.
ETFSwap’s (ETFS) DeFi platform has been developed extensively with attractive features and tools to equip users as they traverse the complex world of ETF investing and trading. As the team prepares for the beta platform launch, they have completed development and rigorous testing on the platform’s backend and it has been deployed on the ETFSwap (ETFS) testnet. At this point, extensive testing is being done to make sure all the platform’s functionalities run smoothly so users will have the best experience using them.
When the beta platform finally launches in a few days, users will have access to ETFSwap’s (ETFS) advanced market-making algorithm. The program works in the background, tightening spreads and minimizing slippage to the barest level so all buy and sell orders will be taken at the best possible prices. Thus, traders on ETFSwap (ETFS) will always have optimal liquidity.
ETFSwap (ETFS) will eventually debut its AI-powered analytical tools, the ETF Screener and ETF Tracker. Both tools use artificial intelligence algorithms to analyze large amounts of market data, including real-time price movements and history. They then identify trends and patterns that may inform traders and investors as they weigh their investment decisions.
ETFSwap (ETFS) Set To Deliver 30,000% ROI For Investors As Total Worth Rises
ETFSwap (ETFS) will soon conclude its ongoing token presale. The token has seen tremendous inflows as investors go all in on the presale, expecting its predicted 30,000% rally in a few days. Smart investors are encouraging their fellow investors to buy the token at its low presale price of $0.03846 so they can enjoy massive rewards soon.
For more information about the ETFS Presale:
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