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Shiba Inu Team Proposes S.H.I.B. Strategy to Musk and Trump, SHIB Price To Rally?

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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.

Shiba Inu Team's S.H.I.B. PlanShiba Inu Team's S.H.I.B. Plan

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.

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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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SLERF Price Soars 55% Amid Binance’s Extended Support, Rally To Sustain?

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Solana meme coin SLERF price has advanced 55% today, emerging as the talk of the crypto town on Thursday. Notably, the coin surfs bullish tides across the crypto landscape as the leading crypto exchange, Binance, unveiled a new listing for it. For context, traders also reacted positively to the listing announcement as the token’s intraday trading volume soared over 200%.

Binance Unveils SLERF Perpetual Contract Igniting Market Bullishness

In an official Binance announcement dated November 21, the crypto exchange revealed that it is launching SLERFUSDT (USD-Margined) perpetual contract today at 11:30 UTC. Intriguingly, the platform’s colossal user base remains poised to enjoy up to 75x leverage trading the asset. This has sparked a SLERF price rally recently, indicating the growing market confidence.

Further, the leading crypto exchange set the capped funding rate for the token at +2.00% / -2.00%. Also, the tick size for the crypto was 0.0001, per the announcement. Notably, the underlying asset remains the abovementioned Solana meme coin, SLERF.

On the other hand, Binance also revealed that it is launching Secret (SCRT) (USD-Margined) perpetual contract at the same date and time. This perpetual contract launch also boasts maximum leverage of 75x in an effort to magnetize investors. Overall, these enhanced offerings have set off optimistic waves for the tokens across the broader market, offering enhanced liquidity and investment opportunities to market participants.

SLERF Price Rallies

At the time of reporting, SLERF price witnessed gains worth 55% and is currently trading at $0.4373. Its intraday low and high were $0.2547 and $0.4266, respectively. The coin’s 24-hour trading volume surged 219% to $271.18 million. Notably, this rising movement falls in line with the abovementioned listing.

SLERF PriceSLERF Price

Further, investors anticipate more gains in the Solana meme coin’s price against the backdrop of another bullish on-chain metric. A recent CoinGape Media report revealed that SLERF whale accumulation soared remarkably, underscoring significant buying pressure for the asset.

Meanwhile, it’s also noteworthy that SCRT price witnessed gains worth 2% intraday in the wake of the listing and is trading at $0.3393. The coin’s 24-hour low and high were $0.302 and $0.3791, respectively.

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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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Vitalik Buterin, Coinbase’s Jesse Pollack Buy Super Anon (ANON) Tokens On Base

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Ethereum co-founder Vitalik Buterin has purchased 30,303 ANON tokens, stirring excitement around the privacy-focused cryptocurrency. The transaction reflects a growing interest in decentralized anonymity, with Buterin’s involvement sparking speculations about ANON’s potential as a revolutionary token in the privacy space.

Joining Buterin, Coinbase executive Jesse Pollak has also acquired ANON tokens. This dual endorsement from prominent crypto figures has bolstered ANON’s debut, fueling curiosity about its role in shaping the future of private, self-sovereign transactions.

Vitalik Buterin and Jesse Pollak Support ANON

According to a November 21 post on X, Vitalik Buterin’s wallet (vitalik.eth) swapped 0.082 ETH for 30,303 ANON tokens on Base. This high-profile transaction has brought significant attention to ANON, a decentralized and privacy-focused cryptocurrency, ahead of its launch.

In addition, Coinbase executive Jesse Pollak mirrored this enthusiasm by spending 0.333 ETH to purchase 31,529 ANON tokens. The endorsement of ANON by influential industry leaders hints at its potential as the next major innovation in privacy tokens.

ANON, promoted as a self-sovereign and anonymous asset, aims to redefine privacy in cryptocurrency. These notable endorsements have positioned ANON to make a strong impact in the rapidly evolving blockchain ecosystem. Its launch has further amplified discussions on the future of privacy coins and decentralized privacy solutions.

Super Anon: A Revolutionary Step in Privacy?

Vitalik Buterin swapped 0.082 ETH for 30,303 Super Anon tokens to meet the minimum requirement for posting anonymously via Farcaster’s anoncast account. Earlier, the minimum was 30,000 tokens, but it has now been reduced to 15,000 ANON tokens, making it more accessible.

Since Buterin’s purchase, Super Anon has surged by 550%. The token is currently trading at $0.0402, with a 24-hour low of $0.00887 and a high of $0.6367. This sharp price increase reflects rising interest in decentralized anonymity solutions, positioning ANON as a potential player in the privacy sector.

Buterin, a long-time advocate for Ethereum scalability, has also praised other blockchain projects like Starknet, which aims to enhance Ethereum’s scalability. His involvement in the Super Anon ecosystem further emphasizes his commitment to supporting innovative privacy solutions in the crypto world.

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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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3 Trending Crypto Coins Ready to Soar by 100%

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Excitement fills the cryptocurrency market as Bitcoin price reaches a historic achievement, hitting a record peak of $97,000. Although the top cryptocurrency is getting most attention, other major altcoins have also seen small increases, indicating stable growth throughout the market. In the midst of all this action, three crypto coins—XRP, EGO, and Minotaurus (MTAUR)—are gaining notable interest for their ability to provide substantial profits. These tokens are strategically placed to take advantage of the market’s positive sentiment, driven by new advancements and investor trust.

Trending Crypto Coins Poised to Skyrocket 100%

1. XRP (XRP)

XRP has gained attention recently because its price surged to approximately $1.12. This marks an impressive 58% surge in the last week, making it one of the best-performing assets within the top 20 largest cryptocurrencies based on market value. Analysts have a positive outlook on its future, forecasting a possible XRP price increase to $1.96 if it continues to confirm its bullish chart formations. A combination of market trends, regulatory certainty, and investor outlooks have led to its increasing appeal.

XRP price performance chartXRP price performance chart

Ripple’s legal battle with the U.S. SEC is nearing a positive resolution, boosting confidence in XRP. The digital asset’s increasing adoption in global payments highlights its strength among top altcoins, making it one to watch.

Furthermore, XRP Ledger’s XLS-66D upgrade, which enhances the blockchain’s capacity for tokenized assets, has added another layer of optimism. With these advancements, XRP appears well-positioned for a significant price breakout.

2. EGO (EGO)

Meanwhile, EGO has captured attention with a dramatic price surge of 172% over the past month, driving a trading volume of approximately $1.42 million. Trading at $0.02479, this token has become a hot topic in the market, supported by strong technical indicators and investor confidence.

The Fear & Greed Index for EGO currently reads 83, signaling extreme bullish sentiment. Predictions suggest EGO could see a staggering 236% growth by December 2024, potentially reaching $0.061296.

EGO price performance chartEGO price performance chart

EGO’s growth is connected to its function in the Paysenger platform, which links Web2 and Web3 environments. By allowing content creators to earn money through EGO tokens, the platform has gained a larger user community of more than 50,000 people.

The growing popularity of these tokens has led to a favorable environment for their continuous expansion, making it one of the best cryptos to buy.

3. Minotaurus (MTAUR)

In the gaming industry, Minotaurus (MTAUR) is establishing a unique position with its token model focused on practicality and quickly growing presale. MTAUR is currently valued at 0.00006 USDT, approximately 70% reduction. This gives early adopters an opportunity to benefit significantly, as it is planned to be listed at 0.00020 USDT, indicating a potential 234% rise.

The project has already achieved a milestone of 200,000 USDT in its presale phase, sparking excitement among crypto enthusiasts.

Minotaurus TokenomicsMinotaurus Tokenomics
Minotaurus (MTAUR) Tokenomics

Minotaurus includes its token in an immersive gaming environment, providing options such as customizing avatars and entering exclusive in-game areas. Its strong token economics, planned for lasting viability, incorporates referral and vesting incentives.

Security audits conducted by SolidProof and Coinsult help to further increase market confidence. The excitement about the project is heightened by a 100,000 USDT prize, where one fortunate person will receive 50,000 USDT in MTAUR tokens. This pauses as a promising opportunity for those looking to capitalize on an early-stage cryptocurrencies.

A Bright Future Ahead for These Crypto Coins

With Bitcoin setting the pace with its unprecedented success, crypto coins such as XRP, EGO, and Minotaurus are following suit, displaying great potential ahead. These tokens, supported by strategic progress and strong investor support, showcase the expanding diversity and potential in the cryptocurrency market. With the ongoing bullish trend, these three assets have the potential to provide high returns that could significantly impact one’s life, making them important in the changing cryptocurrency market.

 

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Jane Lubale

With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.

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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