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Shiba Inu (SHIB) News

SHIB Team Strikes Community With Important Message Coming Through Centuries

SHIB team representative has issued message of encouragement to meme coin community
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The official marketing lead of the Shiba Inu team, who calls herself Lucie, has issued an encouraging message to the SHIB community, supporting them on their Shiba Inu path.

In the meantime, the SHIB price has staged a substantial decline since Sunday morning.

Important message to SHIB army

Lucie shared a Shiboshi image with a quotation from the great British political leader Winston Churchill, who died in the early second half of the 20th century. It goes like this: “Success is not final, failure is not fatal: it is the courage to continue that counts.”

Last week, mysterious Shiba Inu leader Shytoshi Nakamoto proudly announced a new development in the SHIB ecosystem. Finally, a new iteration of the ShibaSwap DEX was released (version 1.75), and the vital nuance for the SHIB community here is that this DEX will now be operating on two blockchains – Ethereum and Shibarium, opening a vast range of opportunities on these chains for ShibaSwap users.

'Bitcoin Prize' Tweet Issued by Michael Saylor, Here's His Price Hint

Grok AI issues ShibaSwap breakdown

Last week, Lucie also tweeted that she had made an experiment as she tested the Grok AI chatbot created by Elon Musk’s xAI and integrated on his X social media giant.

Solana Meme Coin Sensations Left Behind By Ethereum Based Memecoin That Is Set To List On Major Exchanges KangaMoon Price Set to Skyrocket as Listing on Exchanges Nears Bonk Price Prediction: Could BONK Reach $0.0001 by June? Dogwifhat Trading Volume Surges as Investors Show Confidence The meme coin market has witnessed massive rallies in the past few weeks with Solana-based meme coins leading the surge. This rally could be attributed to the massive interest in meme coins. While Bonk (BONK) and Dogwifhat (WIF) are among the top meme coins in the Solana blockchain, this new Ethereum-based memecoin is about to topple them. KangaMoon (KANG) is making a massive statement in the meme coin space as its listing across major exchanges draws nearer. With its unique ecosystem and massive interest in the presale, analysts believe KANG is among the best new meme coins to invest in for future returns. More details are below. KangaMoon Price Set To Skyrocket As Listing On Exchanges Nears After months of presale, KangaMoon's listing is imminent. The new revolutionary meme platform has attracted whales in presale, with close to 10,000 token holders. The community has grown too close to 30,000, signifying massive interest in the platform. With BitMart listing coming soon, analysts have picked KANG as one of the top meme coins to buy now while also projecting a 50x surge. For context, KangaMoon is an ecosystem that combines the Play to Earn and SocialFi structure to build a vibrant community for meme lovers. With these two unique features, users can engage in challenges, play games, and win prizes. Players who win games are rewarded with virtual currency or rare in-game items that can be traded in the game marketplace. Apart from playing games, non-gamers can speculate on match outcomes and win prizes. Also, users can engage in KangaMoon social media activities like the ongoing Kangameme contest and win prizes. Recently, the platform partnered with RaidSharksbot to boost engagement, with winners getting a $1000 monthly reward.

Solana Meme Coin Sensations Left Behind By Ethereum Based Memecoin That Is Set To List On Major Exchanges

KangaMoon Price Set to Skyrocket as Listing on Exchanges Nears

Bonk Price Prediction: Could BONK Reach $0.0001 by June?

Dogwifhat Trading Volume Surges as Investors Show Confidence

The meme coin market has witnessed massive rallies in the past few weeks with Solana-based meme coins leading the surge. This rally could be attributed to the massive interest in meme coins. While Bonk (BONK) and Dogwifhat (WIF) are among the top meme coins in the Solana blockchain, this new Ethereum-based memecoin is about to topple them.

KangaMoon (KANG) is making a massive statement in the meme coin space as its listing across major exchanges draws nearer. With its unique ecosystem and massive interest in the presale, analysts believe KANG is among the best new meme coins to invest in for future returns. More details are below.

KangaMoon Price Set To Skyrocket As Listing On Exchanges Nears

After months of presale, KangaMoon's listing is imminent. The new revolutionary meme platform has attracted whales in presale, with close to 10,000 token holders. The community has grown too close to 30,000, signifying massive interest in the platform. With BitMart listing coming soon, analysts have picked KANG as one of the top meme coins to buy now while also projecting a 50x surge.

For context, KangaMoon is an ecosystem that combines the Play to Earn and SocialFi structure to build a vibrant community for meme lovers. With these two unique features, users can engage in challenges, play games, and win prizes. Players who win games are rewarded with virtual currency or rare in-game items that can be traded in the game marketplace.

Apart from playing games, non-gamers can speculate on match outcomes and win prizes. Also, users can engage in KangaMoon social media activities like the ongoing Kangameme contest and win prizes. Recently, the platform partnered with RaidSharksbot to boost engagement, with winners getting a $1000 monthly reward.

BONK0,00%

Does the risk of investing in meme assets make sense? This week’s meme-stock pop hit the U.S. equity markets once again. Two big players were caught in the 2021 meme-stock craze, GameStop Corp. and AMC had a sharp increase in share prices followed by a sharp decline after retail trading legend Keith Gill, often known as “Roaring Kitty,” posted a mysterious message on Twitter at the early start of the week, GameStop jumped about 180% while AMC jumped 135%. However, both companies dropped off on Wednesday and Thursday, erasing those gains. Meme stocks are the type of equities that gain a cult following among regular investors; these communities are usually formed on social media. Meme coins are prone to dramatic price swings over brief periods, which are caused by the current buzz surrounding the token. Volunteers in war-torn Sudan urge Elon Musk to keep Starlink active to save lives Usually, they have an infinite or vast supply, which leads to extremely cheap token values. Many memes coins’ value depends entirely on market emotion because they frequently lack underlying technology or a concrete use case. Though these traits imply that meme assets have some sort of hidden worth or function, the reality is that almost all of them are devoid of any kind of special purpose or core value. News continues after this ad Rather, cryptocurrency buyers frequently purchase meme coins for amusement or to feel a sense of camaraderie. For most meme currencies, speculation is their only application. The rise of meme in the crypto market Dogecoin (DOGE) is the most well-known and original meme coin. DOGE was founded in 2013 by software programmers, Jackson Palmer and Billy Markus, and was based on the well-known meme of the “doge” Shiba Inu dog. Dogecoin’s creators claim that they invented it as a parody of Bitcoin. The founders acknowledge that they purposefully misspelt the word “dog” in the name “doge,” choosing it to make the cryptocurrency “as ridiculous as possible.”

Does the risk of investing in meme assets make sense?

This week’s meme-stock pop hit the U.S. equity markets once again.

Two big players were caught in the 2021 meme-stock craze, GameStop Corp. and AMC had a sharp increase in share prices followed by a sharp decline after retail trading legend Keith Gill, often known as “Roaring Kitty,” posted a mysterious message on Twitter at the early start of the week,

GameStop jumped about 180% while AMC jumped 135%. However, both companies dropped off on Wednesday and Thursday, erasing those gains. Meme stocks are the type of equities that gain a cult following among regular investors; these communities are usually formed on social media. Meme coins are prone to dramatic price swings over brief periods, which are caused by the current buzz surrounding the token.

Volunteers in war-torn Sudan urge Elon Musk to keep Starlink active to save lives

Usually, they have an infinite or vast supply, which leads to extremely cheap token values. Many memes coins’ value depends entirely on market emotion because they frequently lack underlying technology or a concrete use case.

Though these traits imply that meme assets have some sort of hidden worth or function, the reality is that almost all of them are devoid of any kind of special purpose or core value.

News continues after this ad

Rather, cryptocurrency buyers frequently purchase meme coins for amusement or to feel a sense of camaraderie. For most meme currencies, speculation is their only application.

The rise of meme in the crypto market

Dogecoin (DOGE) is the most well-known and original meme coin. DOGE was founded in 2013 by software programmers, Jackson Palmer and Billy Markus, and was based on the well-known meme of the “doge” Shiba Inu dog.

Dogecoin’s creators claim that they invented it as a parody of Bitcoin. The founders acknowledge that they purposefully misspelt the word “dog” in the name “doge,” choosing it to make the cryptocurrency “as ridiculous as possible.”

DOGE−1,07%

SHIB Lead Shytoshi Kusama Makes Bullish Shibarium Announcement, XRP Made Strong Comeback, 3 Trillion SHIB Sent to Robinhood Amid 12.2% Price Surge: Crypto News Digest by U.Today Take a look at what U.Today has prepared for you in its latest crypto news digest! Shytoshi Kusama explodes SHIB army with bullish Shibarium announcement XRP made strong comeback 3 trillion SHIB mysteriously sent to Robinhood amid 12.2% price surge Here are the top three news stories over the past day presented to you by U.Today. Shytoshi Kusama explodes SHIB army with bullish Shibarium announcement As announced by the Shiba Inu official X handle on May 15, ShibaSwap decentralized exchange has finally gone live on the layer-2 solution Shibarium. In a short thread, the SHIB team shared the details of ShibaSwap's new capabilities, such as operating on both Ethereum and Shibarium blockchains and the creation of new liquidity pools on Shibarium. Following the announcement, Shiba Inu lead Shytoshi Kusama quoted the SHIB X account to praise the outstanding achievements of his team (and developer Kaal Dhairya in particular) that made bringing ShibaSwap to Shibarium possible. Concluding his X post, Kusama asked all SHIB enthusiasts to "stay tuned," as there is “so much more in store as we march forward.” Dhariya, in turn, commented on Shiba Inu lead's post, adding that the SHIB team will continue to push out updates and upgrades on a regular basis since Shiba Inu's journey is “not a race, it’s a marathon.” XRP made strong comeback In a recent development, XRP made a significant recovery, returning to the previously invalidated descending triangle pattern. Although this technical formation often indicates bearish trends, the fact that XRP has returned to this pattern implies that XRP bulls may soon try to redefine the asset's present trajectory. For the first time in weeks, XRP's buying power saw an increase. This increase caused the price to move toward several important moving averages, such as the 50, 100 and 200 EMAs.

SHIB Lead Shytoshi Kusama Makes Bullish Shibarium Announcement, XRP Made Strong Comeback, 3 Trillion SHIB Sent to Robinhood Amid 12.2% Price Surge: Crypto News Digest by U.Today

Take a look at what U.Today has prepared for you in its latest crypto news digest!

Shytoshi Kusama explodes SHIB army with bullish Shibarium announcement

XRP made strong comeback

3 trillion SHIB mysteriously sent to Robinhood amid 12.2% price surge

Here are the top three news stories over the past day presented to you by U.Today.

Shytoshi Kusama explodes SHIB army with bullish Shibarium announcement

As announced by the Shiba Inu official X handle on May 15, ShibaSwap decentralized exchange has finally gone live on the layer-2 solution Shibarium. In a short thread, the SHIB team shared the details of ShibaSwap's new capabilities, such as operating on both Ethereum and Shibarium blockchains and the creation of new liquidity pools on Shibarium. Following the announcement, Shiba Inu lead Shytoshi Kusama quoted the SHIB X account to praise the outstanding achievements of his team (and developer Kaal Dhairya in particular) that made bringing ShibaSwap to Shibarium possible. Concluding his X post, Kusama asked all SHIB enthusiasts to "stay tuned," as there is “so much more in store as we march forward.” Dhariya, in turn, commented on Shiba Inu lead's post, adding that the SHIB team will continue to push out updates and upgrades on a regular basis since Shiba Inu's journey is “not a race, it’s a marathon.”

XRP made strong comeback

In a recent development, XRP made a significant recovery, returning to the previously invalidated descending triangle pattern. Although this technical formation often indicates bearish trends, the fact that XRP has returned to this pattern implies that XRP bulls may soon try to redefine the asset's present trajectory. For the first time in weeks, XRP's buying power saw an increase. This increase caused the price to move toward several important moving averages, such as the 50, 100 and 200 EMAs.

Shiba Inu (SHIB) Breakout Failed
Shiba Inu is losing touch with market after most-recently-failed breakthrough

The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu has let us down again, as the meme coin has failed to break through the crucial 50 EMA resistance level and retraced back below it, potentially losing traction and dropping toward previous price levels. According to the current chart, SHIB is in trouble, at least for now.

The technical analysis shows SHIB struggling to maintain its upward momentum. The price action indicates a failed attempt to surpass the 50 EMA, resulting in a pullback that has brought SHIB below this key resistance level. This setback may lead to a further decline, with SHIB potentially heading toward the $0.000024 support level. If this support fails to hold, the next target could be around $0.000022, which is another important support area.

On-chain data adds to the concerns. The number of large transactions, defined as those exceeding $100,000, has seen a recent spike, with 378 large transactions recorded in the last 24 hours. This increase in large transactions could be a sign of a surging activity among whales, but it also raises the possibility of significant selling pressure. The total volume of large transactions reached 8.97 trillion SHIB, nearing the seven-day high of 9.6 trillion SHIB.

Shiba Inu (SHIB) Reaches Important Level, Solana (SOL) Reaches Crucial Support, Bitcoin (BTC) Downtrend Is Too Strong, But There's Catch

Crypto Watch: Market consolidates as Bitcoin, Ethereum decline slightly

Crypto Watch: Market consolidates as Bitcoin, Ethereum decline slightly

Despite a potential short-term pullback, few analysts anticipate new record highs for the cryptocurrency.

In the past 24 hours, Bitcoin (BTC) hit a high of $66,750 before falling to $65,408, marking a 0.82 per cent decline. This surge caused a wave of liquidations, yet the overall outlook for Bitcoin remains optimistic. Despite a potential short-term pullback, analysts anticipate new record highs for the cryptocurrency.

BTC−1,69%

Pepe (PEPE) Enormous 200% Rally Continues, Shiba Inu (SHIB) About to Break Fundamental Resistance, Solana (SOL) Made It Memecoins are gaining a second breath The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As TradingView's data suggests, PEPE has secured a massive 21% growth in the last few days. The asset has reached the $0.00001 threshold and is now aiming towards breaking the all-time high once more. Key factors to watch will be: moving averages support, ascending trendline, and momentum indicators like RSI. PEPE’s recent surge is supported by a strong upward trendline, showing consistent upward movement. This trendline has been a solid support level, helping PEPE stay on its bullish path. The 50, 100, and 200 EMAs are also moving up, providing extra support and reinforcing the positive trend. Another important indicator is the RSI. Right now, the RSI is close to the overbought zone, which means PEPE might see some short-term pauses before moving up again. As long as the RSI stays above the middle line, the bullish trend should continue. Volume is also crucial. The recent increase in volume shows strong buying interest, which is essential for keeping the bull run going. Higher volumes usually mean more traders are active and confident. For PEPE to break its all-time high, it needs to keep these high trading volumes. Shiba Inu has faced a fundamental resistance level reflected in the 50 EMA formation. The asset is in active battle mode against it and the most recent price action suggests that buyers want to leave it behind. With some room for growth, SHIB needs one more push.

Pepe (PEPE) Enormous 200% Rally Continues, Shiba Inu (SHIB) About to Break Fundamental Resistance, Solana (SOL) Made It

Memecoins are gaining a second breath

The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

As TradingView's data suggests, PEPE has secured a massive 21% growth in the last few days. The asset has reached the $0.00001 threshold and is now aiming towards breaking the all-time high once more. Key factors to watch will be: moving averages support, ascending trendline, and momentum indicators like RSI.

PEPE’s recent surge is supported by a strong upward trendline, showing consistent upward movement. This trendline has been a solid support level, helping PEPE stay on its bullish path. The 50, 100, and 200 EMAs are also moving up, providing extra support and reinforcing the positive trend.

Another important indicator is the RSI. Right now, the RSI is close to the overbought zone, which means PEPE might see some short-term pauses before moving up again. As long as the RSI stays above the middle line, the bullish trend should continue.

Volume is also crucial. The recent increase in volume shows strong buying interest, which is essential for keeping the bull run going. Higher volumes usually mean more traders are active and confident. For PEPE to break its all-time high, it needs to keep these high trading volumes.

Shiba Inu has faced a fundamental resistance level reflected in the 50 EMA formation. The asset is in active battle mode against it and the most recent price action suggests that buyers want to leave it behind. With some room for growth, SHIB needs one more push.

PEPE−1,86%

3 Trillion SHIB Mysteriously Sent to Shiba Inu (SHIB) NewsRobinhood Amid 12.2% Price Surge Trillions of Shiba Inu meme coins have been transferred to major trading app from enigmatic wallet following 200 billion SHIB transfer to Coinbase and OKX The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A recent tweet from popular blockchain sleuth Whale Alert shows that approximately six hours ago, an anonymous wallet owner shoveled a whopping $75 million worth of Shiba Inu meme coins to popular investment app Robinhood. This transaction took place as the second most popular meme cryptocurrency, SHIB, demonstrated a 10% price increase in the past 24 hours. Three trillion SHIB on move According to the above-mentioned data source, a mysterious whale shoveled 3,000,000,000,000 Shiba Inu to Robinhood. This chunk of meme coins was valued at approximately $74,788,500 at the time of the transaction. 🚨 🚨 🚨 3,000,000,000,000 #SHIB (74,788,500 USD) transferred from unknown wallet This week, SHIB whales have seen a major activity increase. On May 15, large cryptocurrency trading firm Cumberland transferred 144 billion SHIB meme coins to the biggest U.S.-based crypto exchange, Coinbase. This transaction was worth approximately $3.3 million in fiat. Prior to that, 50.36 billion Shiba Inu were deposited to OKX. Overall, this week, before the aforementioned three trillion SHIB got going, more than 1.5 trillion Shiba Inu were transacted within 24 hours by awakened meme coin whales. They mostly carried between 42.6 billion and 397 billion SHIB to leading cryptocurrency trading platforms Binance, Coinbase

3 Trillion SHIB Mysteriously Sent to Shiba Inu (SHIB) NewsRobinhood Amid 12.2% Price Surge

Trillions of Shiba Inu meme coins have been transferred to major trading app from enigmatic wallet following 200 billion SHIB transfer to Coinbase and OKX

The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A recent tweet from popular blockchain sleuth Whale Alert shows that approximately six hours ago, an anonymous wallet owner shoveled a whopping $75 million worth of Shiba Inu meme coins to popular investment app Robinhood.

This transaction took place as the second most popular meme cryptocurrency, SHIB, demonstrated a 10% price increase in the past 24 hours.

Three trillion SHIB on move

According to the above-mentioned data source, a mysterious whale shoveled 3,000,000,000,000 Shiba Inu to Robinhood. This chunk of meme coins was valued at approximately $74,788,500 at the time of the transaction.

🚨 🚨 🚨 3,000,000,000,000 #SHIB (74,788,500 USD) transferred from unknown wallet
This week, SHIB whales have seen a major activity increase. On May 15, large cryptocurrency trading firm Cumberland transferred 144 billion SHIB meme coins to the biggest U.S.-based crypto exchange, Coinbase. This transaction was worth approximately $3.3 million in fiat.

Prior to that, 50.36 billion Shiba Inu were deposited to OKX.

Overall, this week, before the aforementioned three trillion SHIB got going, more than 1.5 trillion Shiba Inu were transacted within 24 hours by awakened meme coin whales. They mostly carried between 42.6 billion and 397 billion SHIB to leading cryptocurrency trading platforms Binance, Coinbase

XRP finally showing comeback potential after it breaks past $0.5 threshold : The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP has recently shown a strong comeback, bouncing back into the descending triangle formation that had previously been invalidated. This technical formation often signals potential bearish trends, but the fact that XRP has reentered this pattern suggests an upcoming attempt by XRP bulls to redefine the asset's current trajectory. XRP experienced a surge in buying power for the first time in weeks. This rise pushed its price toward a cluster of significant moving averages, including the 50, 100 and 200 EMAs. These moving averages serve as critical resistance levels, and breaking through them could indicate a shift toward a more bullish trend. However, despite this recent bullish momentum surge, XRP remains in a downtrend. The price action continues to struggle below the descending triangle's resistance line, indicating persistent bearish pressure. The moving averages are all trending downward, suggesting that any bullish attempts are still fighting against the bearish sentiment of the majority of investors. Related Ripple CLO Compares SEC to Kafka's 'The Trial' as XRP Case Saga Continues One crucial factor to consider is the volume. Although XRP saw a surge in buying power, the overall volume remains descending and is currently around low values. For a full-blown reversal to happen, we need significant and sustained buying power. Without this, any upward movement might be short-lived and lead to reversals.

XRP finally showing comeback potential after it breaks past $0.5 threshold
: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

XRP has recently shown a strong comeback, bouncing back into the descending triangle formation that had previously been invalidated. This technical formation often signals potential bearish trends, but the fact that XRP has reentered this pattern suggests an upcoming attempt by XRP bulls to redefine the asset's current trajectory.

XRP experienced a surge in buying power for the first time in weeks. This rise pushed its price toward a cluster of significant moving averages, including the 50, 100 and 200 EMAs. These moving averages serve as critical resistance levels, and breaking through them could indicate a shift toward a more bullish trend.

However, despite this recent bullish momentum surge, XRP remains in a downtrend. The price action continues to struggle below the descending triangle's resistance line, indicating persistent bearish pressure. The moving averages are all trending downward, suggesting that any bullish attempts are still fighting against the bearish sentiment of the majority of investors.

Related

Ripple CLO Compares SEC to Kafka's 'The Trial' as XRP Case Saga Continues

One crucial factor to consider is the volume. Although XRP saw a surge in buying power, the overall volume remains descending and is currently around low values. For a full-blown reversal to happen, we need significant and sustained buying power. Without this, any upward movement might be short-lived and lead to reversals.

HomeCrypto NewsMarketAnalysts Expect XRP to Surpass $0.65 This Weekend Analysts Expect XRP to Surpass $0.65 This Weekend Prominent crypto prediction platforms Coincodex and Changelly issue favorable forecasts for XRP, projecting that its price would surpass $0.65 this weekend. XRP’s recent performance has left many disappointed, as it struggles to overcome the resistance around the $0.55 price level. XRP’s Recent Underperformance The last time XRP attempted to breach this resistance was May 6, when it surged to around $0.5526. However, XRP has been on a steady decline ever since. XRP mirrors the trajectory of other leading assets, including Bitcoin (BTC), which have plunged heavily due to the downturn in the broader crypto market. With XRP currently changing hands at $0.5100, the coin has plummeted 1.59% on the monthly chart, 3.01% in the past seven days, and 0.4% in the past day. XRP to Surpass $0.65 This Weekend Despite its recent underperformance, two leading prediction platforms, Coincodex and Changelly, speculate that XRP would surpass $0.65 this weekend. Coincodex predicts that XRP will rally significantly in the coming days and eventually hit $0.6744 on Sunday, May 19. This represents a spike of 32.23% from the current price of $0.51. According to Coincodex, the rally would be short-lived, as XRP is expected to plummet below the $0.60 price level a few days later. Similarly, analysts from crypto trading platform Changelly also predict the same price movement for XRP. The analysts forecast that XRP might surge to $0.6813 on Saturday, May 19. Reaching the $0.6813 target from the current level marks a growth of 33.58%. Changelly then expects the seventh-largest cryptocurrency to experience a massive correction that could take its price below the $0.60 mark by May 20. Potential Reason Behind XRP Price Slump Before the recent market downturn, XRP did not register significant rallies like its peers, including SOL and ADA. While these assets surged to unprecedented levels, XRP only fluctuated between $0.5 and $0.75.

HomeCrypto NewsMarketAnalysts Expect XRP to Surpass $0.65 This Weekend

Analysts Expect XRP to Surpass $0.65 This Weekend
Prominent crypto prediction platforms Coincodex and Changelly issue favorable forecasts for XRP, projecting that its price would surpass $0.65 this weekend.

XRP’s recent performance has left many disappointed, as it struggles to overcome the resistance around the $0.55 price level.

XRP’s Recent Underperformance

The last time XRP attempted to breach this resistance was May 6, when it surged to around $0.5526. However, XRP has been on a steady decline ever since.
XRP mirrors the trajectory of other leading assets, including Bitcoin (BTC), which have plunged heavily due to the downturn in the broader crypto market.

With XRP currently changing hands at $0.5100, the coin has plummeted 1.59% on the monthly chart, 3.01% in the past seven days, and 0.4% in the past day.
XRP to Surpass $0.65 This Weekend

Despite its recent underperformance, two leading prediction platforms, Coincodex and Changelly, speculate that XRP would surpass $0.65 this weekend.

Coincodex predicts that XRP will rally significantly in the coming days and eventually hit $0.6744 on Sunday, May 19. This represents a spike of 32.23% from the current price of $0.51.

According to Coincodex, the rally would be short-lived, as XRP is expected to plummet below the $0.60 price level a few days later.

Similarly, analysts from crypto trading platform Changelly also predict the same price movement for XRP. The analysts forecast that XRP might surge to $0.6813 on Saturday, May 19. Reaching the $0.6813 target from the current level marks a growth of 33.58%.

Changelly then expects the seventh-largest cryptocurrency to experience a massive correction that could take its price below the $0.60 mark by May 20.

Potential Reason Behind XRP Price Slump

Before the recent market downturn, XRP did not register significant rallies like its peers, including SOL and ADA. While these assets surged to unprecedented levels, XRP only fluctuated between $0.5 and $0.75.

XRP News Today: Market Awaits Ripple Case Ruling as SEC Targets an Appeal

XRP rallied 3.63% on Wednesday (May 15), closing the session at $0.5189.

Investor jitters about the ongoing SEC vs. Ripple case took a back seat as the markets reacted to US inflation and retail sales figures.

On Thursday (May 16), the market focus will likely return to the ongoing SEC vs. crypto cases, with the markets awaiting court rulings.

On Wednesday (May 15), XRP rallied 3.63%. Reversing a 0.81% loss from Tuesday (May 14), XRP closed the session at $0.5189.

SEC vs. Ripple Case Leaves XRP Trailing the Broader Crypto Market

There were no SEC vs. Ripple case-related updates for investors to consider following the Ripple Motion to Seal. A court ruling on the Motion to Seal is unlikely to have a bearing on the penalty for breaching US securities laws. Notably, the SEC did not object to the Motion, suggesting the court would grant the request to seal sensitive and confidential material.

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According to the court schedule, the SEC, Ripple, and any third parties must file letter briefs opposing the omnibus letter motions by May 20.

The parties must file redacted versions within 14 days of the court ruling on the omnibus letter motions. More significantly, the court will also begin deliberating on the penalty Ripple must pay for breaching US securities laws and whether an injunction is appropriate.

SKIP NAVIGATION

Bitcoin is having its best day since March Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.

The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It also traded above its 50-day moving average for the first time since April 13.

“The slightly lighter than expected CPI number modestly increased the chance of a rate cut, which is still a strong influencer to bitcoin price,” Owen Lau, an analyst at Oppenheimer, told CNBC. “After the ETFs and halving, the next major catalyst is a rate cut. Bitcoin is likely to remain rangebound and trade along with macro data points, until we see a clearer path for rate cut.”

The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau of Labor Statistics reported Wednesday. That was slightly below the Dow Jones estimate of 0.4%. Consumer prices are still rising 3.4% from a year ago.

“With the U.S. core CPI cooling down for the first time in six months, we could be seeing a recovery of investors’ appetite for risk-on assets like crypto, instigating more flows into bitcoin spot ETFs, which have been especially quiet over the past week,” said Leena ElDeeb, an analyst at 21Shares.

“Although with the rate cuts still in question, recovery might be slow,” she added. “Typically, higher interest rates make risk-on assets like tech stocks and bitcoin less appealing, as investors can secure substantial yields from safer options such as U.S. Treasurys.”

Bitcoin holds a unique position as both a risk-on and a risk-off asset, and many investors hold a long-term view of the crypto asset, ElDeeb explained, adding that while Fed policies may induce bitcoin volatility in the short term, it does not fundamentally change bitcoin’s long-term trajectory.

BTC−1,69%

Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab May 15 (Reuters) - The recent surge in bitcoin prices has the phones at crypto wallet recovery firms ringing off the hook, as retail investors locked out of their digital vaults make frantic calls to regain access to their accounts. Cryptocurrencies exist on a decentralized digital ledger known as blockchain and investors may opt to access their holdings either through a locally stored software wallet or a hardware wallet, to avoid risks related to owning crypto with an exchange, as in the case of the former FTX. Losing access to a crypto wallet is a well-known problem. Investors forgetting their intricate passwords is a primary reason, but loss of access to two-factor authentication devices, unexpected shutdowns of cryptocurrency exchanges and cyberattacks are also common. Wallet passwords are usually alphanumeric and the wallet provider also offers a set of randomized words, known as "seed phrases", for additional security - both these are known only to the user. If investors lose the passwords and phrases, access to their wallets is cut off. With bitcoin prices regaining traction since last October and hitting a record high of $73,803.25 in March, investors seem to be suffering from a classic case of FOMO, or the fear of missing out. Reuters spoke to nearly a dozen retail investors who had lost access to their crypto wallets. Six of them contacted a recovery services firm and managed to regain access to their holdings. "What would be driving this trend is the fact that bitcoin prices are at $60,000, not $30,000... it's just pure economics," said Steve Sosnick, chief strategist at Interactive Brokers. "People who are missing their crypto for one reason or another, or those who don't have access to their crypto, are very much incentivized to get it back."

Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom

Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

May 15 (Reuters) - The recent surge in bitcoin prices has the phones at crypto wallet recovery firms ringing off the hook, as retail investors locked out of their digital vaults make frantic calls to regain access to their accounts.

Cryptocurrencies exist on a decentralized digital ledger known as blockchain and investors may opt to access their holdings either through a locally stored software wallet or a hardware wallet, to avoid risks related to owning crypto with an exchange, as in the case of the former FTX.

Losing access to a crypto wallet is a well-known problem. Investors forgetting their intricate passwords is a primary reason, but loss of access to two-factor authentication devices, unexpected shutdowns of cryptocurrency exchanges and cyberattacks are also common.

Wallet passwords are usually alphanumeric and the wallet provider also offers a set of randomized words, known as "seed phrases", for additional security - both these are known only to the user. If investors lose the passwords and phrases, access to their wallets is cut off.

With bitcoin prices regaining traction since last October and hitting a record high of $73,803.25 in March, investors seem to be suffering from a classic case of FOMO, or the fear of missing out.

Reuters spoke to nearly a dozen retail investors who had lost access to their crypto wallets. Six of them contacted a recovery services firm and managed to regain access to their holdings.

"What would be driving this trend is the fact that bitcoin prices are at $60,000, not $30,000... it's just pure economics," said Steve Sosnick, chief strategist at Interactive Brokers.

"People who are missing their crypto for one reason or another, or those who don't have access to their crypto, are very much incentivized to get it back."

BTC−1,69%

Polkadot vs Ethereum Polkadot and Ethereum are blockchains that fulfill different roles and have emerged as industry leaders, gaining significant attention and traction. Polkadot is a heterogeneous multi-chain protocol capable of hosting multiple layer1 blockchains, allowing them to partake in shared security. On the other hand, Ethereum is a general-purpose blockchain that hosts the Ethereum Virtual Machine (EVM). What Is Polkadot Polkadot is a unique platform that allows different blockchains to work together through a novel feature called parachains. The primary goal of the Polkadot platform is to facilitate communication and the sharing of resources in a secure environment. The protocol is arguably one of the most successful projects working to improve the technology powering decentralized applications (dApps). Polkadot removes the barriers between different blockchain ecosystems, enabling communication between networks without intermediaries. It is often called the network of networks because it allows even blockchains with vastly different blockchain architectures to interact with one another. The network achieves this through the use of parachains, specialized blockchains with their own functionality and tokens. Polkadot uses a variation of the Proof-of-Stake consensus mechanism called Nominated Proof-of-Stake. Peter Czaban and Ethereum co-founder Gavin Wood founded the protocol. The whitepaper was published in 2016. Wood and Czaban also launched the Web3 Foundation in 2017, which then raised $145 million to develop Polkadot through the sale of DOT tokens. What Is Ethereum Ethereum can be described as a decentralized global software platform powered by blockchain technology. It is known for its use in blockchain technology and developing decentralized finance (DeFi) applications. The protocol’s native token, ETH, is hugely popular among investors and is the second-largest cryptocurrency in the market. Ethereum is designed to be scalable, programmable, secure, and decentralized, allowing developers to create any secured digital technology.

Trader Predicts 1,660% Rally for Under-the-Radar Altcoin, Updates Outlook on Shiba Inu and Chainlink

A closely followed crypto strategist believes that astronomical gains are on the horizon for an altcoin initially built on the Ethereum (ETH) blockchain.

Analyst Ali Martinez tells his 62,100 followers on the social media platform X that the native asset of a supply-chain management project VeChain (VET) appears to be mirroring its previous cycle’s market structure.

If VET continues to follow the script, Martinez predicts that the altcoin will print staggering gains of more than 1,660% before the year expires.

“Fractals indicate that VeChain (VET) is set for a rebound this summer, with a potentially explosive growth in the fall.”

Looking at the trader’s chart, he seems to predict that VET will rally to as high as $0.60 toward the end of 2024. At time of writing, VET is worth $0.0339.

Next up, Martinez says that memecoin Shiba Inu (SHIB) looks poised for a breakout rally.

“If Shiba Inu breaks the upper boundary of this descending parallel channel at $0.00002444, SHIB could witness a 20% upswing to $0.00002954!”

A descending parallel channel is typically a bearish structure indicating that an asset is in a downtrend. At time of writing, SHIB is worth $0.0000233.

The last altcoin on Martinez’s radar is the decentralized oracle network Chainlink (LINK). According to the trader, the Tom DeMark (TD) Sequential Indicator has flipped bullish for LINK.

Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.

“The TD Sequential presents a buy signal on the Chainlink weekly chart, indicating that LINK could experience an upswing lasting one to four weeks.”

At time of writing, LINK is trading at $13.43.

Polkadot vs Ethereum
Polkadot and Ethereum are blockchains that fulfill different roles and have emerged as industry leaders, gaining significant attention and traction.
Polkadot is a heterogeneous multi-chain protocol capable of hosting multiple layer1 blockchains, allowing them to partake in shared security. On the other hand, Ethereum is a general-purpose blockchain that hosts the Ethereum Virtual Machine (EVM).
What Is Polkadot
Polkadot is a unique platform that allows different blockchains to work together through a novel feature called parachains. The primary goal of the Polkadot platform is to facilitate communication and the sharing of resources in a secure environment. The protocol is arguably one of the most successful projects working to improve the technology powering decentralized applications (dApps).

Polkadot removes the barriers between different blockchain ecosystems, enabling communication between networks without intermediaries. It is often called the network of networks because it allows even blockchains with vastly different blockchain architectures to interact with one another. The network achieves this through the use of parachains, specialized blockchains with their own functionality and tokens. Polkadot uses a variation of the Proof-of-Stake consensus mechanism called Nominated Proof-of-Stake.
Peter Czaban and Ethereum co-founder Gavin Wood founded the protocol. The whitepaper was published in 2016. Wood and Czaban also launched the Web3 Foundation in 2017, which then raised $145 million to develop Polkadot through the sale of DOT tokens.

What Is Ethereum
Ethereum can be described as a decentralized global software platform powered by blockchain technology. It is known for its use in blockchain technology and developing decentralized finance (DeFi) applications. The protocol’s native token, ETH, is hugely popular among investors and is the second-largest cryptocurrency in the market. Ethereum is designed to be scalable, programmable, secure, and decentralized, allowing developers to create any secured digital technology.

DOT−1,10%

#Pepe hits all-time high, memecoins soar after famous GameStop stock trader ‘returns’

Memecoins rally and PEPE hits a new all-time high shortly after GameStop stock trader Keith Gill posts to his Roaring Kitty X account for the first time in three years.

Pepe (PEPE) price topped the $0.000010 level for the first time since March 15. Data from Cointelegraph Markets Pro and TradingView shows that PEPE rallied 34% over the past 24 hours to set a new record high of $0.00001119 on Binance.

PEPE’s trading volume has jumped 245% over the last 24 hours to $1.56 billion, and its market capitalization has also jumped to $4.31 billion, surpassing that of Ethereum Classic (ETC) to become the 23rd-largest cryptocurrency by market value.

PEPE’s performance follows the return of “Roaring Kitty” — Keith Gill’s account on the social media platform X — which has been dormant since June 2021.

On the night of May 12, the account posted an image of a man holding a controller and moving to sit forward in his chair as if to focus. Users on X and Reddit interpreted it as Gill saying it was a period of “locking in,” a colloquial term for a period of intense focus or concentration.

Gill was at the center of the 2021 meme stock frenzy when shares of GameStop and AMC Entertainment, among others, surged more than 1,000% by the end of the year.

The May 13 rebound saw the PEPE price bounce off the ascending trendline, which has supported it since mid-April. The latest rally has seen PEPE rise above a critical resistance level, which has underpinned the price since March.

This is the area stretching from $0.00000875 to $0.000010, which bulls need to defend in order to secure the uptrend.

The relative strength index (RSI) was northbound and displayed an upward trajectory similar to that of the price. The price strength at 70 reinforced the buyers' dominance in the market.

PEPE−1,86%

ALTCOINS

Best Solana Memecoins 2024: Top 3 Coins To Watch

The top 3 memecoins to watch in May 2024, a question if answered correctly, could bring potentially life-changing results.

Memecoins capture a great deal of attention through their communities, inside jokes and potential for huge returns. These digital assets sport a variety of brandings, from cartoon animals to popular culture.

With so many memecoins launched daily, which ones will do well and which are trash?

Let's explore three candidates: FishnChips (CHIPPY), Dogwifhat (WIF), and Bonk (BONK), examining their unique attributes and potential advantages.

1. FishnChips (CHIPPY)

This coin has a public developer, not a hidden one like most memecoin developers. The inception of the FishnChips Revolution was inspired by a casual meal at Nandos, where Crypto Twitter personality That Martini Guy and his business manager discussed launching a project on a new memecoin launching website called Pump.Fun. This short discussion became a reality as TMG returned to work later in the day, fired up Pump.Fun and launched the coin.

TMG was tired of anonymous memecoin developers buying up supply and dumping on their communities and decided it would be an interesting idea to start a coin and document its progress on his YouTube Channel.

Since its launch, the FishnChips Revolution has swiftly gained momentum, with $1.1m in volume and a market cap of $2.4m achieved within the first 24 hours.

$CHIPPY has captured a strong audience with 550+ holders before any publicity, YouTube videos or even so much as a Tweet. Launched on the Solana blockchain via the Pump.Fun website, the project has garnered widespread community support.

The project's goals include becoming the largest memecoin to launch from Pump.Fun and is Currently sitting rank 15.

WIF0,00%

Bitcoin Dominance Keeps Surging as Altcoins Plunge

The leading cryptocurrencies are taking a severe beating, with some of them plunging by more than 5% over the last 24 hours

Major altcoins are taking a severe beating, losing more than 5% of their value over the past 24 hours.

Solana (SOL) is down more than 5% over the last 24 hours, according to CoinGecko data, becoming the top laggard among the 10 biggest cryptocurrencies.

Dogecoin (DOGE) is down 4.6% while Cardano (ADA) and Shiba Inu (SHIB) have 3.2% and 4%, respectively.

XRP, the Ripple-affiliated token, is also down 3% over the same period of time. According to the 100eyesCrypto indicator, the token is now approaching horizontal support.

Bitcoin dominance tops 55%

Bitcoin is currently trading below the $61,000 level, but it is down only a mere 0.1%.

At the same time, Bitcoin dominance has now risen above the 55% level yet again after peaking at nearly 57% in April.

Related

Do Traditional Investors See Bitcoin as Risk Asset?

Ethereum (ETH) is currently underperforming Bitcoin (BTC), slipping by more than 1%.

All eyes on the CPI data

So far, the cryptocurrency market remains in the doldrums since there is no obvious bullish catalyst that could drive the prices higher.

However, the upcoming CPI data, which is scheduled to be published on Wednesday, could be that much-needed bullish impetus, setting volatility for the week ahead

XRP close to support at $0.50 as traders digest SEC vs. Ripple lawsuit proceedings
Ripple and the SEC have filed their reply briefs and supporting evidence, awaiting the court’s ruling in the lawsuit.

SEC’s redacted reply brief to Ripple, made public on Wednesday, continued to demand a hefty penalty of $2 billion.

XRP is stuck below sticky resistance at $0.53 on Thursday.

XRP is ranging below $0.53 on Thursday as investors continue to digest the recent developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC).

Both parties have filed their final remedies-related briefs and replies, in which they continue to support their prior stances: While SEC demands a $2 billion fine, Ripple considers that this should amount to a maximum of $10 million. The judge is expected to rule on the case in May.

Daily Digest Market Movers: XRP legal proceedings draw to a close

SEC vs. Ripple lawsuit has garnered much attention from XRP holders, as developments in the legal battle have impacted the altcoin’s price. Both parties have filed their remedies-related briefs, opposing briefs and responses. Redacted versions of the filings and the supporting evidence have been made publicly available on Wednesday.

The court is expected to rule on the penalties to be imposed on Ripple for the alleged violation of securities laws in May.