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Shiba Inu is currently trading at the $0.00001344 mark on Friday and is mostly moving sideways in the charts. Investors who took an entry position in SHIB are waiting for the token to make them turn millionaires. They are inspired by the stories of early investors who put in a mere $1,000 and took home more than a million in profits. Present-day investors are hoping that the token will replicate its previous price run and make their portfolios swell. Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance Source: Coingecko Early investors who poured $1,000 into Shiba Inu and took home a million invested when its price was around $0.0000000001. SHIB deleted five zeroes and delivered them $1 million in profits and now its price is at the $0.00001 mark. So how many more zeroes should Shiba Inu delete now to turn an investment of $1,000 turn into $1 million? Let’s find out below! Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead Shiba Inu: At...

Shiba Inu (SHIB) is among the most successful cryptocurrency projects. The asset’s price has rallied by many million percent since its launch in August 2020. Early investors made massive returns with minimal investments. The asset’s reputation as a “millionaire-maker” was solidified in 2021 after many retail investors became overnight millionaires. Let’s discuss if the popular cryptocurrency can redo its incredible run. Also Read: Crypto To Power 10% of Global Economy by 2030, Coinbase CEO Affirms Can $1000 Worth Of Shiba Inu Become $1 Million By 2032? Source: Watcher Guru If you purchase $1000 worth of SHIB today, you will receive about 61,188,312.14 (61.18 million) coins. For 61.18 million SHIB to be worth $1 million, the price of each coin has to reach $0.01635. The asset has to rally by 99,961.2% to reach this target. While the required rally may seem significantly large, it is not something Shiba Inu (SHIB) has not done before. The asset’s price...

The race among the top ten cryptocurrencies continues. While Bitcoin (BTC) has reigned the industry for the longest time, things could change. BTC is the world’s largest cryptocurrency regarding price and market cap. However, an analyst made news after highlighting the possibility of Dogecoin (DOGE) taking over the cryptocurrency market. Also Read: PEPE Investor Secures $1.67 Million Through NEIRO, Here’s How Analyst’s Prediction And Market Dynamics Source Dogecoin’s Potential To Surpass Bitcoin According to an X analyst who is going by the handle Master Kenobi, Dogecoin will surpass Bitcoin by 2025. He does not, however, refute the king coin. The expert believes that Bitcoin will create the foundation for DOGE to take control. The analyst’s assertion appears to be supported by Dogecoin’s past performance and community-driven momentum. But Bitcoin saw a major rise in dominance this year. BTC rose by 135% throughout the past 12 months. Meanwhile, DOGE surged by a mere 72%. Al...

A widely followed crypto analyst believes that Ethereum (ETH) and one of its competitors are setting up for big recovery rallies. Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Ethereum could soon soar by double digits after testing the $2,100 level and then breaking out of a descending trendline. “High $2,100s / low $2,200s then bounce.” Source: Kaleo/X Looking at his chart, the trader suggests ETH could soar past $4,000 within months, a more than 64% gain from the current value. Ethereum is trading for $2,440 at time of writing, down nearly 3% in the last 24 hours. Next up, the analyst says that Solana (SOL) could revisit its yearly high after catching demand near the $120 range. “Nearly there.” Source: Kaleo/X Zooming out, the trader suggests Solana could increase by more than 186% of the current value, hitting $370 before the end of the year. Source: Kaleo/X Solana is trading for...

Ripple’s XRP token has had a rough few years. The asset is down by more than 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago. XRP has also failed to hit the $1 mark since late 2021, nearly four years ago. Also Read: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge? Despite its popularity, the cryptocurrency has failed to deliver results compared to other assets, such as Solana (SOL) or Ethereum (ETH). Factors Affecting XRP’s Performance and Future Predictions Source – CNBC Why the Poor Performance? The SEC v. Ripple case was probably the main cause of XRP’s dismal results. Financial authorities charged the fintech company with selling unregistered securities. The suit was filed in December 2020 and was a significant reason why XRP did not hit a new high during the 2021 bull run, while many other assets did. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire For Just $14 The lawsuit was recently settle...

Shiba Inu (SHIB) fans and investors have long sought higher prices for the meme coin. After its launch in August 2020, SHIB rallied by many million per cent within its first year and hit an all-time high of $0.00008616 in October 2021. However, the asset has faced significant headwinds since its 2021 peak, falling 82.5% from its all-time high. Also Read: Shiba Inu Burn Portal: Will SHIB Hit $0.01? If So, When? Why the Poor Performance? Shiba Inu’s (SHIB) lacklustre performance could be due to a general bearishness that looms over the cryptocurrency market. Investor sentiment seems low on the meme coin, with few developmental activities. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market SHIB’s massive supply is another reason holding back the asset. Vitalik Burterin’s massive SHIB burn in 2021 was a significant catalyst for the asset’s incredible rally. Buterin received half of SHIB’s supply and burnt 90% of his tokens. SHIB Predicted to ...

Cardano (ADA) has long been consolidating and waiting to show potential breakout streaks. At press time, the token was sitting at a price level of $0.34 and had been stuck between the price range of $0.30 and $0.45 for a long time. With the Chang hard fork under work, the token may significantly take an unexpected turn, which may catapult its price shortly. But the real question is, will ADA be able to hit $1 in 2024 and $2 in 2025? Also Read: Shiba Inu: SHIB To Spike 498% In A New Bullish Divergence Analysts Are Positive About ADA’s Price Recovery Amid Cardano’s slow price pace, notable crypto analyst Dan Gambardello has shared a short post on X. Per the analyst, ADA whales could be a game changer for the token, provided they come into play to push the token price metrics. Historical Price Surge According to Gambardello, ADA’s price shot up to $1.50 from $0.33 in the same month in 2021. The development above can be repeated, provided the ADA whales stir the token’s price up a not...

As United States Senator Cynthia Lummis presented the official Strategic Bitcoin Reserve bill, which, among other objectives, aims to boost transparency in the Federal government’s management of its Bitcoin (BTC) holdings, its adoption might impact the price of the maiden cryptocurrency. As it happens, days after suggesting the adoption of a strategic Bitcoin reserve as backing for the U.S. dollar (USD), Lummis presented the ‘Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide’ or the ‘BITCOIN Act of 2024’ , in the U.S. Senate on July 31. Indeed, according to the text of the Wyoming Republican Senator’s suggested legislation, its goal is: Picks for you 2 cryptocurrencies to reach $5 billion market cap in August 14 hours ago ...

As 2023 draws to a close, Bitcoin (BTC) displays positive indicators across its charts, trying to suppress the significant price threshold of $45,000. This leaves cryptocurrency traders and investors pondering the potential price ranges it might reach in the upcoming year. Despite lingering below its annual peak of $44,000 and still far away from its all-time high of $67,000, the flagship crypto displays indications of recovery. Dominance until the halving? Suppose the historical indicators can tell us something. In that case, cycles occur in the market, and it is essential to recognize them to know whether to buy, sell, or hold, depending on the situation. It appears that a historical recurrence is underway wherein there is a possibility of reaching the peak of Bitcoin dominance before the imminent BTC halving event, as crypto analyst Michaël van de Poppe highlighted in his X post on December 27. Cryptocurrency Bitcoin dominance is back to 2-month lows, fueling ...

Injective (INJ) hits ATH at $43 after a 3000% in 2023. Pullix disrupts DeFi with $1.2M raised, $0.044 per PLX, and a unique hybrid approach. INJ’s AI integration and Pullix’s innovative DeFi platform signal a transformative 2024. The recent Injective (INJ) price surge to $43 has captivated the crypto community. With a 3000% increase in 2023, this AI finance blockch AI n token is demonstrating robust momentum. While Bitcoin traded sideways, INJ defied market trends, securing a weekly g AI n of nearly 64%. While all eyes are on the future trajectory of INJ and the factors fueling its impressive rally, another crypto project Pullix, which is currently in the presale stage, is making waves for its revolutionary online trading model. Injective’s phenomenal price surge Injective (INJ) has been a standout performer in the cryptocurrency market, and its recent surge to $43 marks a significant milestone. With a staggering 3000% rise over the la...

In a notable upswing, Chainlink (LINK) has experienced a substantial upswing in recent weeks, propelled by heightened network activity and a resurgence in the broader cryptocurrency market following months of stagnation.  Surpassing $16, the altcoin achieved its highest value since April 2022.  While it retraced some gains in subsequent weeks, the enduring enthusiasm for this cryptocurrency is evident, particularly as crypto whales continue to show interest, adding momentum to LINK’s intriguing trajectory. 2,600 whales bought over $100,000 LINK each As pointed out by prominent analyst Ali Martinez on November 29, LINK has been drawing increasingly stronger attention among the crypto whale population. Cryptocurrency Machine learning algorithm predicts Shiba Inu price for Xmas day Cryptocurrency Top 10 cryptocurrencies by development activity in last 30 days Cryptocurrency Cristiano Ronaldo faces lawsuit over promotio...