Shiba Inu must defy its current bearish trend and reclaim prices last seen in March 2024 to flip Dogecoin and become the largest meme coin by market cap. Shiba Inu, like many altcoins, has been on a bearish trend recently, with Bitcoin’s growing dominance suppressing its price and market share. SHIB closed June with a 10% retracement, marking its second red month in a row and the fifth in the last six months.Nonetheless, hope beams among enthusiasts that Shiba Inu will recover shortly. Fueling this optimism are developing bullish sentiments and broader technological advancements, as Shiba Inu aims to transition from a mere meme coin to a global technology powerhouse.Prospects of Shiba Inu Becoming Top MemecoinShiba Inu has previously tested the top dog position, and enthusiasts remain hopeful that it will one day occupy that spot again. For perspective, SHIB reached a market cap peak of $39 billion in 2021, surpassing Dogecoin’s slightly lower valuation at the time.However, Shiba Inu’s stay at the top was brief as prices collapsed, and Dogecoin reclaimed the position. Since then, DOGE has maintained its position as the meme coin leader. Notwithstanding, some claim Shiba Inu still has what it takes to flip DOGE.For instance, a commentary from former Goldman Sachs analyst Murad Mahmudov suggests that Dogecoin’s pole position could be at risk. He stated that a meme coin could flip DOGE this cycle, sparking a community debate if Shiba Inu could replicate its October 2021 feat.How High Shiba Inu’s Market Cap Must Rise to Flip DogecoinAccording to CoinMarketCap, Shiba Inu trades at $0.00001130, with a market cap of $6.66 billion, being the 19th largest asset. On the other hand, Dogecoin occupies the 9th position, trading at $0.16 with a market cap of $24.2 billion.As a result, Shiba Inu must reach a valuation of at least $24.3 billion to surpass Dogecoin and become the top meme coin. While the current trend suggests otherwise, historical performance indicates Shiba Inu can attain such highs.Meanwhile, from its current market valuation of $6.66 billion, a rise to $24.3 billion would result in a 264% increase.Shiba Inu’s Price If It Surpasses DogecoinWith a $24.3 billion market cap, SHIB’s price would surely rally extensively from its current level. Now, assuming Shiba Inu maintains its 589.24 trillion circulating supply, a $24.3 billion market cap would culminate in a price of $0.0000412.Interestingly, Shiba Inu has previously reached this price mark. Specifically, SHIB traded above it in March 2024, when it rallied to a peak of $0.0000456. As a result, analysts have predicted that the meme coin will soon reclaim this level.For instance, Trader Mike highlighted an emerging historically bullish pattern in a TradingView analysis that could propel Shiba Inu to $0.00004 next. Another commentary predicted a move to $0.0000480 and as high as $0.0000707, citing a possible breakout.Notably, Shiba Inu will only flip Dogecoin with a market cap of $24.3 billion if DOGE remains unmoved while SHIB rallies 264%. There is also no guarantee that Dogecoin would remain stagnant.

2025-07-01 12:32

A market analyst outlines the potential impact on Cardano amid sustained talks around a possible RLUSD integration into Cardano. For context, Cardano founder Charles Hoskinson previously confirmed that discussions were underway between his team and RLUSD developers regarding the possibility of bringing the stablecoin to the Cardano blockchain.During a May 24 livestream , Cardano founder Charles Hoskinson addressed inquiries regarding the potential launch of RLUSD on the Cardano blockchain by the end of the year. He stated that his team had already reached out to the RLUSD developers and held an initial meeting.Analyst Observes Potential Market EffectsAmid the ongoing talks, a trader known as Merlijn The Trader yesterday shared his views on social media platform X, pointing to potential market shifts if the integration moves forward.https://twitter.com/MerlijnTrader/status/1939723103086461262Sharing insights on X, Merlijn outlined three major benefits that could arise if RLUSD becomes part of Cardano’s ecosystem. First, Merlijn noted that RLUSD’s arrival could attract a wave of new liquidity providers. These would enhance market depth and trading volume on Cardano-based platforms.Stablecoins typically serve as foundational assets in DeFi protocols, and RLUSD’s presence could improve liquidity across decentralized exchanges.Integration Would Boost Yield FarmingAccording to him, the stablecoin’s integration would also likely boost yield farming opportunities. With RLUSD-backed pools, staking, and lending options, Cardano users could benefit from more diverse and potentially higher yield mechanisms.Further, RLUSD’s integration could unlock new cross-chain DeFi strategies, especially if implemented through a routing protocol like LayerZero. This would enable Cardano users to interact with protocols and assets from other chains without leaving the Cardano ecosystem—paving the way for interoperable DeFi solutions and enhanced capital efficiency.Per Merlijn, a successful execution could result in a surge in total value locked (TVL) on Cardano and boost overall DeFi activity within its ecosystem. Notably, data from DeFiLlama shows that Cardano currently boasts a TVL of $244.44 million, with a stablecoin market cap of only $31.36 million. Cardano TVL DefiLlama Cardano TVL | DefiLlama A Stablecoin on Cardano?Recall, in May, Hoskinson shared plans to potentially launch a privacy-focused stablecoin on the network, addressing concerns around the transparency of existing stablecoins, which publicly record every transaction on the blockchain. He argued that many users may prefer greater confidentiality when making purchases, and introduced the concept of a "selective disclosure and seasonal freeze regime" to support this vision.

2025-07-01 11:37

Vincent Van Code, a well-known software engineer and XRP advocate, has shared his long-awaited price prediction for the digital asset. He explained that while he typically avoids making XRP price predictions, persistent questions from the community prompted him to finally share his view. Specifically, Van Code believes XRP could eventually reach a price between $30 and $50.For a coin currently trading at just around $2, this would require both its price and market cap to increase by approximately 25 times to reach the optimistic target.The software engineer emphasized that he does not mean to convince others or generate hype with his opinion. Instead, it reflects his personal conviction. "...And my opinion is $30-$50. And this is no shill, I don't expect anyone to agree with me. I am not a prophet or a time traveller." According to him, his investment in XRP is based on the belief that XRP could ultimately reach a value of $50. Notably, a price between $30 and $50 would imply a market cap of approximately $1.78 trillion to $3 trillion for XRP. In contrast, the coin currently has a market cap of only about $130 billion.Van Code’s price outlook aligns with the popular belief among long-term XRP holders. While XRP has remained around $2 for over five months with little movement, many continue to hope that its value will eventually expand due to real-world utility.Timing Doesn’t Matter as MuchGiven the journey from the current price to $50, many wonder when this outlook might materialize. However, Van Code noted that predicting when XRP will reach its target range is not his priority. “What I'm not so sure about is when. But that's a minor point,” he noted.Meanwhile, many other XRP market commentators have issued aggressive timelines for when a $50 price might materialize. A common belief is that XRP could hit that level within this year.For instance, XRP influencer Dustin Layton went a step further, boldly predicting that 1,000 XRP could yield at least $50,000 in profit by the end of 2025. He urged followers to bookmark his claim, hinting at even greater gains beyond 2025.Community Views on the $30 to $50 XRP PriceIn his post, Van Code encourages other XRP holders to share their views without fear of being mocked.Responding, X user "XRPunkie" stated that his price targets for XRP have consistently ranged between $26 and $33, with potential wicks reaching up to $40. He noted that $27 aligns with the 1.618 Fibonacci extension level on the weekly chart. XRP weekly chart by XRPunkie Additionally, he identified the $10–$15 range as a major take-profit zone. However, he suggested that the final wave could overextend, especially with a potential ETF announcement and the resolution of the ongoing lawsuit.Interestingly, some market commentators argued that Van Code’s $30–$50 XRP target is too conservative, suggesting he may be underestimating XRP’s long-term utility.One noted that while cashing out at that range may be enough to live comfortably or pay off debt, those aiming to help build the future should consider selling only a portion at that level, and remain patient, even if prices temporarily dip afterward.

2025-07-01 11:04

FTX creditor representative Sunil Kavuri has provided a new update on the next distribution of claim payments to creditors of the defunct crypto exchange. Recall that FTX commenced the distribution of funds to eligible users on February 18, 2025, starting with small creditors with claims under $50,000. According to Kavuri, FTX paid creditors in this category (those entitled to claims under $50,000) 120% of their initial claim value. This indicates that creditors received a 20% premium on their original claim value. Afterward, FTX commenced the second round of repayments on May 30, 2025, distributing $5 billion to creditors with claims over $50,000. The exchange distributed the funds within three business days of May 30. However, creditors with claims exceeding $50,000 received only 72.5% of their initial claim value. Next Payment Schedule Notably, Kavuri has disclosed the next repayment date for the remaining 27.5% of claims to large creditors. According to him, the upcoming distribution is expected to take place in Q4 2025, specifically from October to December. Additionally, he suggested that the repayment schedule could be extended to 2026 or 2027. This repayment will ensure that creditors with claims exceeding $50,000 receive 100% of their claim. Besides the claim value, these large creditors are also entitled to post-petition interest, which totals 40% to 80%. https://twitter.com/sunil_trades/status/1939692898154369096FTX's Epic Collapse and Repayment EffortsThis ongoing repayment schedule comes more than two years after FTX's collapse in November 2022. The exchange declared bankruptcy, with key executives sentenced to several years in prison. Specifically, a federal court in New York sentenced FTX founder Sam Bankman-Fried (SBF) to 25 years in prison due to his role in mismanaging users' funds, leading to the exchange’s downfall. The court subsequently sentenced other executives, including Alameda Research CEO Caroline Ellison and FTX Digital Markets CEO Ryan Salame, to two and seven-and-a-half-year jail terms, respectively. Since the epic failure of FTX, the exchange has been working to reimburse users, with repayments commencing earlier this year. Despite FTX’s efforts, many have criticized the disbursement process for valuing users’ claims at token prices as of the time of the bankruptcy filing in late 2022. It is worth noting that crypto prices have soared significantly ever since. For instance, Bitcoin, which traded around $20,000 in late 2022, has rallied more than 400% to over $100,000.

2025-07-01 10:08

Rich Dad Poor Dad author Robert Kiyosaki has increased his Bitcoin stash, insisting he is preparing for BTC at $1 million. Kiyosaki spent over $100,000 today to buy a whole Bitcoin, yet he believes it is a worthwhile investment. He disclosed this in a July 1 tweet , suggesting he would rather take the risk than miss out on buying an asset primed to reach seven figures in the future.I’d Rather Suck Than Be a Loser: Financial AuthorBitcoin continues to trade above $100,000, currently at $106,784, as of the time of writing. Market observers have varying sentiments about this price, with some suggesting it is a premium and others a bargain.Whatever it is, Kiyosaki wants to find out by taking a risk and buying Bitcoin . He emphasized that while he might be wrong about Bitcoin, his wealth of experience has taught him a lot about such investments. According to Kiyosaki, if BTC fails to reach $1 million, he might receive the branding of a sucker.However, he insists he would rather suck than become a loser when he misses Bitcoin’s impending rally to $1 million. This, he believes, is well within Bitcoin’s capabilities. As a result, he projected that the crypto leader would trade at the price mark one day.Meanwhile, from Bitcoin’s current price of $106,784, a rally to $1 million would culminate in a staggering 836% growth. Remarkably, Kiyosaki had earlier predicted that Bitcoin would reach this level by 2030.Nonetheless, he advised due diligence, urging investors to think for themselves rather than make financial decisions based on his “ramblings.” Notwithstanding, his experience and guts tell him Bitcoin could set people on a journey of financial freedom.$1M per BTC a CommonplacePredictions of a Bitcoin surge to $1 million have become a common expectation among enthusiasts. To many, it is more of a matter of when rather than if Bitcoin can hit the ambitious price level.Meanwhile, several analyses suggest different timelines for this seven-figure price. Binance’s Changpeng Zhao predicted it could happen this cycle but suggested an extended bull cycle. Brandon Green suggested that it would occur during the winding-down stages of Donald Trump’s tenure, specifically between late 2026 and early 2027.However, Cathie Wood’s Ark Invest predicted that Bitcoin would reach $1 million by 2030. The analysis even asserted a base case of $1.5 million and an ambitious $2.4 million under bullish market conditions.

2025-07-01 09:23