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💥 Near Protocol Upgrades from 6 to 8 Shards, Network Capacity up by 33% NEAR Protocol, a prominent L1 blockchain offering developer-friendly, user-friendly, and scalable platform for dApps, has announced an exclusive mainnet upgrade. As per NEAR Protocol, it has now effectively upgraded the mainnet thereof from six to eight shards, denoting a significant 33% increase in network capacity. The platform revealed this development in a recent thread of posts on X. 💬 Around 33% increase in overall network capacity• Single-block resharding eliminates hour-long state rebuilds• Supports faster scaling toward higher shard counts — NEAR Protocol March 23, 2025 🔸 #NEAR Protocol’s Increase from Six to 8 Shards Increases Capacity by 33% NEAR Protocol’s latest upgrade from the previous 6 to 8 shards has improved its network capacity by up to 33%. NEAR One team as well as Bowen Wang, a crucial NEAR Protocol developer spearheaded the respective upgrade. The transition offers noteworthy improvements to the overall infrastructure of the Near Protocol. One of the top enhancements that this upgrade enables deals with the single-block resharding’s employment. This eliminates the requirement for lengthy state rebuilds. This technological improvement minimizes downtime while also leading to a relatively effective scaling toward increased shard numbers in the future. While discussing this shard upgrade, Bowen Wang stressed its significance. He highlighted that the former shard expansions needed validators to redevelop the whole shard states anew. It was a very time-consuming procedure that would take nearly one hour. Nonetheless, the latest single-block resharding permits the breakdown of the state trie of a shard along pre-established boundaries. Hence, it enables computing of exclusive state roots within the logarithmic time. With this,the validators are allowed to accomplish the procedure within one block. Apart from that, it significantly improves efficiency while also readying the protocol to carry out dynamic resharding. #Nearprotocol
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📊 What Would $SHIB Inu Price Be with $50B or $100B Daily Buy Volume? Shiba Inu price is poised to rally if there is a sudden surge in daily buy volumes to $50B or $100B. Can buying pressure push SHIB to $0.01? Shiba Inu (SHIB) is flashing bullish signs after gaining by around 1.18% today, March 24, with a daily high of $0.0000131. A spike in buying volumes has also led to the meme coin flipping crucial resistance at $0.0000128. If traders start accumulating SHIB now and daily buy volumes surge to as high as $50 billion or $100 billion, what would be the impact on Shiba Inu price? 🔸 Impact of Volumes on Shiba Inu Price Trading volumes tend to have a major impact on the price. Each time buy volumes are high, the price reacts by trending higher while sell volumes push the price lower. 🔸 #SHIB Price Potential with $50B or $100B Buy Volume If Shiba Inu attracted $50B to $100B daily buying volumes, the meme coin could attain the highly anticipated $0.01 SHIB price target. Here’s how: ♦️ Scenario 1: SHIB attains $50B in daily buy volumes For context, SHIB’s daily trading volumes stand at around $138M at press time, which is 1.78% of the current Shiba Inu market cap of $7.76 billion. Assuming a direct relationship between volume and market cap, a 362% rise in trading volumes to $50B would push SHIB’s new market cap to $2.78 trillion. With this market cap and a supply of 589 trillion, 1 SHIB token will be worth $0.0047. ♦️ Scenario 2: SHIB attains $100B in daily buy volumes On the other hand, to attain $100B in daily buy activity, this top meme coin would have to record a 724% rise in volumes, This would push its market cap to $5.55 trillion, where the price of 1 SHIB token will be worth $0.0094. This is close to the coveted $0.01 price target 🔸 Reasons Why SHIB May Not Attain These Targets in the Near Term Attaining $50 billion to $100 billion in buying volumes would push Shiba Inu to between $0.004 and $0.01. However, this Shiba Inu price prediction cannot be attained in the near term due to several reasons.
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🟡 Binance Founder #CZ Opens Long Position in an Altcoin According to the latest development, Binance founder and former CEO Changpeng Zhao was observed to have opened a 24.8x long position in the Mubarak altcoin in onchain data. CZ made a statement on the subject, saying, “I'm doing some testing on the chain as usual on Sunday, nothing to get excited about.” #ChangpengZhao #Altcoin
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📊 $BTC Selling Pressure Falls Analyst Ali Martinez provided an analysis of the Bitcoin price, where he stated: 🗣 "Bitcoin traders are sitting on an average loss of -13.86%. Historically, these levels signal that selling pressure may be easing." 🕯 Such indicators may signal a local decrease in selling pressure, but it is worth considering that sales may intensify, especially after the upcoming inflation data. #BTC #Bitcoin
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🤔 Why Is XRP’s Price Not Going Up After the SEC Lawsuit Win? The crypto market is currently in the “Fear” zone, with the Fear & Greed Index sitting at 32, reflecting investors’ cautious sentiment. While Bitcoin and Ethereum continue to show volatility, XRP remains a hot topic of discussion. With Ripple’s legal battle with the SEC now over, many expected XRP to skyrocket—but that hasn’t happened yet. 🔸 XRP’s Slow Reaction Despite SEC Lawsuit Win When news broke that the SEC had dropped its lawsuit against Ripple, XRP briefly surged 16% to $2.60. However, the excitement faded fast, and the price dipped back to $2.38 the following day. Investors were left wondering why XRP didn’t take off as expected. Crypto analyst Armando Pantoja weighed in, pointing out that the SEC has yet to release an official statement confirming its withdrawal. So far, only Ripple’s CEO Brad Garlinghouse and CLO Stuart Alderoty have spoken on the matter. Without an official SEC position, many investors are staying cautious, preventing an immediate price surge. 🚨 Why Isn’t #XRP Skyrocketing After Ripple’s SEC Victory? GMC Analysts Explains — Johnny Krypto (Good Morning Crypto Co-Host) (@johnnykrypto00) March 22, 2025 While, Johnny Krypto, co-founder of Merlin, says XRP’s muted price reaction is normal, as markets often rally on speculation and settle when news is confirmed. He points to XRP’s surge from $0.50 to $2.50 in November as traders betting on Ripple’s legal win. If the SEC had appealed, XRP would have likely dropped, but without bad news, it’s just holding steady. 🔸 A 10x Rally Won’t Happen Overnight Many in the crypto space expect XRP to hit double digits, but Pantoja warns that it won’t happen overnight. Unlike meme coins, which can spike rapidly due to hype, XRP is influenced by derivatives and institutional trading, making sudden, wild moves less likely. “A 10x rally will come soon, but not in 24 hours,” he stated, urging investors to be patient. #XRP #Ripple
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