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🆕 SHIB price prediction as Shibarium hits 300,000 wallet addresses Finbold analysis: In the world of cryptocurrencies, Shiba Inu (SHIB) has been making noteworthy strides lately. It’s presently trading at $0.000008278, marking a 2.08% increase over the past day and a modest 0.2% rise over the week. Despite its meme origins, SHIB’s market capitalization has grown to an impressive $4.8 billion. The recent legal victory of Grayscale Investments against the U.S. Securities and Exchange Commission (SEC) has had a positive impact on the wider cryptocurrency market. The optimism around the possibility of a Bitcoin exchange-traded fund (ETF) led to a brief surge in Bitcoin’s price, reaching as high as $28,000 after the announcement. Interestingly, SHIB also followed suit, benefiting from the improved overall market sentiment. What to you think about the SHIB price?

🆕 SHIB price prediction as Shibarium hits 300,000 wallet addresses

Finbold analysis:

In the world of cryptocurrencies, Shiba Inu (SHIB) has been making noteworthy strides lately. It’s presently trading at $0.000008278, marking a 2.08% increase over the past day and a modest 0.2% rise over the week. Despite its meme origins, SHIB’s market capitalization has grown to an impressive $4.8 billion.

The recent legal victory of Grayscale Investments against the U.S. Securities and Exchange Commission (SEC) has had a positive impact on the wider cryptocurrency market.

The optimism around the possibility of a Bitcoin exchange-traded fund (ETF) led to a brief surge in Bitcoin’s price, reaching as high as $28,000 after the announcement. Interestingly, SHIB also followed suit, benefiting from the improved overall market sentiment.

What to you think about the SHIB price?

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Based on the U.Today Analytics: 3 Reasons Why Ethereum Is Not Going to Moon After ETF Approval This ETF approval was handled by the Division of Trading and Markets using "delegated authority." This implies that a commissioner could still challenge the decision within the next 10 days. There is a sense of uncertainty hanging over the market, knowing that this approval might not be the final word. It feels a bit like they are trying to sneak this through, keeping the vote somewhat under the radar due to its political nature. These points create a scenario where the Ethereum ETF approval, while positive, is not a guaranteed ticket to the moon. There remains political maneuvering, and further approvals needed to solidify the move. Plus, against the backdrop of broader regulatory and economic uncertainties, investors are playing it safe for now. Despite the lack of momentum, Ethereum is still looking well positioned for a rally; above numerous key technical resistances, cheap network fees might attract more activity and a fair price level ahead of the major $4,000 threshold.
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Based on the CoinTurk Analytics: Chainlink Records Significant Price Increase in 24 Hours According to on-chain data provider Santiment, Chainlink has surpassed the $17.50 level for the first time in six weeks, showcasing a standout performance in the cryptocurrency market. Moreover, on-chain analysis reveals a striking trend: for every Chainlink transaction recorded at a loss, there are 11 transactions showing a profit. This ratio is the highest observed since December 8, 2022, indicating strong bullish sentiment around LINK’s recent price movements. Currently, LINK’s price faces resistance due to a daily sell order block historically placed by significant market participants at $17.58. This resistance level aligns with the weekly resistance barrier at $16.48. If buyers fail to push LINK’s price higher, a pullback may occur. Analysis of the volume profile indicator shows significant trading activity around $14.62, indicating potential support for the expected correction. This level also aligns with the 61.8% Fibonacci retracement level, offering an attractive accumulation zone for a potential second bullish leg. The recent increase in bullish sentiment following the approval of the spot Ethereum ETF in the US has boosted market optimism. If LINK continues to find support around $14.62 on the weekly timeframe, it could rally by 18% to retest the daily order block at $17.58. In a highly optimistic scenario, successfully surpassing this resistance level amid whale accumulations could push LINK’s price to $22, yielding a total gain of 50%. However, if the price closes below $13.59 on the weekly candlestick, it could form a lower low on a higher timeframe, negatively impacting the bullish outlook and potentially leading to a 13% drop towards the critical support level at $11.80.
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According to the Crypto Basic Analytics: Shiba Inu Lead Asks if This Could Signal Breakthrough for SHIB With the SEC approving multiple Ethereum spot-based ETFs, Shiba Inu lead developer raises a question about how the approval could pave the way for a SHIB ETF. Following the SEC’s approval of multiple spot-based Ethereum exchange-traded funds (ETFs), crypto enthusiasts have been debating the next crypto asset in line for a similar product. Interestingly, Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, joined the debate, questioning whether the SEC’s approval of multiple Ethereum ETFs could also pave the way for a SHIB ETF.  Additionally, the Shiba Inu ecosystem official X handle also congratulated the Ethereum community, describing the approval as a huge win for the broader crypto industry.  The handle highlighted the significance of the approval to Shiba Inu community members, stating that it opens doors to greater financial inclusion for them.  This suggests that the approval potentially makes it easier for investors, particularly Shiba Inu community members, to gain more exposure to crypto via Ethereum ETFs.  Furthermore, the Shiba Inu handle highlighted the impact of both the SHIB and Ethereum communities, noting that together, they are active players in driving change. 
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According to the Crypto Basic Analytics: Financial Analyst Says Something Big Coming For XRP A financial analyst believes XRP is about to experience a pivotal movement before November, citing its position within a triangular pattern. This ideology came from JT, a market analyst with 25 years of experience in the finance industry. Details from his chart indicate that XRP has been trading within a symmetrical triangle on the 2-month chart since April 2021, when it clinched $1.96 and witnessed a subsequent correction. XRP Trades in a Symmetrical Triangle Despite Uptrend This correction persisted until XRP hit the cycle low of $0.2870 in June 2022, a month after the Terra implosion, which triggered a massive bloodbath in the entire market. Following the drop to $0.2870, XRP mounted a recovery, with JT’s chart confirming that it has been in an uptrend since then, recording higher lows. Despite this uptrend, XRP has continued to trade within the symmetrical triangle, with attempts at breakout meeting firm resistance from the bears. The last two times XRP made these attempts were in July 2023, when it spiked to $0.93 and in March this year amid the surge to $0.7449. However, JT believes a breakout looms, predicting XRP to breach the upper trendline of the symmetrical triangle before November. He touted the pattern as one of the longest running triangles in the crypto market, having persisted for over 25 months. JT expects the triangle to continue for six more months before reaching its apex. This confirmation has bolstered his conviction that a breakout is imminent this year. According to him, this incident would mark “something big” for XRP, essentially setting the stage for a massive price run. Another factor that could bolster XRP’s chances of recording this impressive run is the MACD indicator.
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According to the CoinGape Analytics: Bitcoin Maxi Deems Ethereum ETF “Incredibly Bullish” For BTC, Here’s Why The Bitcoin Therapist noted the approval of the Ethereum ETF as a catalyst for a “wave of capital flowing into the crypto ecosystem.” Moreover, he acknowledged the broader crypto market will benefit, signaling a green light for various digital assets. “It says we will approve your coin no matter what, as long as there is real demand,” he stated. However, he warns of the potential risks. According to him, the influx of capital may lead to a surge in “meme coins and scamcoin fantasies.” This trend could be catastrophic for some traditional finance (TradFi) funds. “It’s going to be a disaster, yes. It could even be catastrophic for some TradFi funds,” the Bitcoin maxi noted. Despite these concerns, he remains confident in Bitcoin’s resilience. He believes Bitcoin will ultimately benefit from the chaos. “When the cycles end and there’s blood in the streets…big daddy Bitcoin is going to absorb all of that shitcoin capital like it does EVERY SINGLE TIME,” he asserted. Furthermore, the Bitcoin Therapist predicts a significant inflow of funds into the crypto space over the next 4-5 years. In addition, he sees this as a desperate attempt by many to secure ETF approvals. “No doubt in my mind funds are going to pump so much money into this space,” he said. Some projects may succeed, while others may fail. Regardless, he believes Bitcoin will “soak it” all in.
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