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Posted on December 23, 2023The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu’s circulating supply is not impossible.In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inu’s current circulating supply to 0.1% of its size is a vision that can materialize.This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibarium’s soaring positive metric, with transactions reaching new counts of 150 million.Amid the development, the Shiba Inu critic sarcastically asked Kusama to burn 99.9% of SHIB tokens, likely with the fees accrued from Shibarium transactions. The critic went on to add that such a hypothetical scenario cannot be a reality because, according to him, Shiba Inu is trash.Shiba Inu Lead Says Nothing is ImpossibleHowever, the Shiba Inu ecosystem leader reacted to the critic’s view with a counterargument. Succinctly, Kusama said:“Nothing is impossible except for you seeing how it’s possible. We push forward.”With SHIB’s circulating supply at 580,925,715,095,591 (580 trillion), burning 99.9% would reduce Shiba Inu’s supply to 580 billion, which is still significant.Reacting to Kusama’s statement, members of the Shiba Inu community welcomed the idea, noting that it merely takes patience to attain such a feat. Raul Valadez-Rayas, a U.S.-based Shiba Inu enthusiast, remarked:“Patiently waiting for Shytoshi Kusama. Can’t wait to see trillions of SHIB burn one day, and then everyone in the SHIB ARMY will be happy.”Shiba Inu Team’s Efforts to Burn SHIBNotably, the Shiba Inu development team has orchestrated the third and fourth editions of its routine Shiba Inu token burn based on fees accumulated from Shibarium transactions.The Crypto Basic has reported that the team has incinerated over 17 billion SHIB tokens in the last 24 hours in two transactions. The first transaction, which occurred yesterday, eliminated 8.53 billion SHIB. Meanwhile, in less than 23 hours, another 8.47 billion SHIB was burnt.As a result, the Shiba Inu team has burned a whopping 33,862,174,416 (33.8 billion) SHIB tokens this month alone.$SHIB

In Q2 2025, the UNI price performance was not so bullish on the chart, but the on-chain factors indicate ongoing accumulation. Per the IntoTheBlock data (ITB), the total amount leaving exchanges to user wallets surged 130% in the past 30 days, and the total number of withdrawal transactions surged 24%. This shows that heavy accumulation is going on when the price has not begun rising.

The on-chain and other optimistic factors highlight that the UNI price is due for a rise. Moreover, on the daily chart, the price action has shown a double bottom pattern, which would soon lead to a bullish breakout.
In the short term, the price of UNI needs to clear the previous high at $7.60, then it could reach $9.20 by May or June 2025. But in the long term, it is at a multi-year support zone and UNI crypto to enter a bullish trend, then the clearance of $9.20 is essential, which is a high volume profile level. Once cleared by the end of 2025, the targets are upto $19, but if not cleared with momentum, then it might repel the trend and take $6 support.$UNI

🔷 What is Polygon (MATIC)? A Game-Changer in Blockchain Scalability
Polygon is a Layer 2 scaling solution built on top of Ethereum that aims to solve some of the most pressing issues in the blockchain world—slow transaction speeds and high gas fees.

🚀 Why Polygon?

✅ Scalability: Polygon allows for faster and cheaper transactions by processing them off the main Ethereum chain.

✅ Security: Built with Ethereum’s robust security in mind.

✅ Compatibility: Fully compatible with Ethereum tools like MetaMask, Remix, and Truffle.

✅ Developer Friendly: Offers a framework for building and connecting Ethereum-compatible blockchain networks.

💼 Use Cases:

DeFi platforms (like Aave and SushiSwap)

NFT marketplaces (like OpenSea)

Gaming and metaverse projects

Enterprise blockchain solutions

💡 With its low fees and high throughput, Polygon is becoming a top choice for developers and users who want the best of Ethereum without the limitations.

🔗 Whether you're a developer or an investor, Polygon (MATIC) is worth watching in the evolving world of Web3.$POL

Cardano’s price action has swiftly changed over the past few days, pointing towards a change in the market sentiment. After a deep correction throughout Q1, the ADA price has rebounded sharply by over 20%, which has helped the token to recover some losses. However, the risk model suggests the Cardano bull run has not yet started, although the price experienced a major upswing. The price recently marked logical highs at $0.817 but failed to hold above $0.8 as the bears quickly dragged the levels lower.
Now the question arises whether the ADA prices can reclaim $1 in May 2025 or remain consolidated below $0.8.

Ever since the ADA price topped above $1.33 in the last few days of 2024, the bulls have been failing to prevent the token from breaking the descending trend. It did attempted to break above the levels, but the rejection that followed dragged the levels by close to 30% Now that the token has initiated another breakout. Will it continue to rise or is yet another rejection fast approaching?
The weekly chart of Cardano suggests the price maintaining a bullish trend since the 2023 rebound from the lows below $0.25. Since then, the volatility of the token has increased considerably, due to which the price has surged above the 200-day MA for the first time in the past few years. Moreover, the 50/200-day weekly MA is heading towards a bullish crossover for the first time in history. On the other hand, the CMF has triggered a bullish divergence from the lows.
Previously, when the levels triggered a rebound from the lows, the price triggered a 300% jump; therefore, a similar price action is expected in the next few weeks. Therefore, the Cardano price is primed to rise above $3 once the levels secure the range above $1.25. The Cardano (ADA) price is gaining momentum, which suggests the token may not face a rejection as the bulls are poised to elevate the levels beyond the current highs. $ADA

Why is EOS Pumping?:
Today’s EOS rally is driven by three main catalysts.

First, the forthcoming Vaulta rebranding: EOS will rebrand to Vaulta, a bank on the blockchain, by May 2025, supporting exSat and a new ticker.

Second, anticipated high-yield staking: the expected yield for staking the Vaulta token is 17%, which is a much better yield than Ethereum (2.03%) or Solana (5.14%). Vaulta will have a 250M token reward pool, as well.

Third, increased anticipation of the futures market: EOS’s futures open interest is up 30%, with an 11-month open interest high of 144.14 million! The funding rate is positive, demonstrating trader anticipation.
EOS Breaks Out Above Key Resistance – Is $1.00 the Next Target?
EOS has clearly surpassed the 50-day EMA at $0.60, suggesting a strong change of market sentiment from bearish to bullish in EOS.
A successful close of a daily candle above this level confirms a potential trend reversal and the subsequent upward price movement.
In the last 24 hours alone, EOS has jumped up 19.35% to $0.8002 with a notable increase in volume to $581.26 million (+40.11%).
EOS is now clearly above the middle Bollinger Band at $0.725 and is currently testing the upper band at $0.790. A daily close above $0.790 could push price action towards the price levels of $0.85 and $0.90; however, if the price gets rejected at this level, expect a retest of the price level at $0.725.
A +2 Keltner Channel Long Entry signal is triggered at $0.750, so expect consistently strong bullish momentum. The upper Keltner band at $0.805 is the next clear leg level—if a break occurs, then EOS could see price action towards $0.88-$0.90.
We see there is resistance at the $0.805 level, and if we can break this level, EOS appears to be pushing towards $0.88 and in the future $1.00. If price breaks the $0.725 level of support, then expect price to touch the level of $0.680. $EOS

Dogecoin (DOGE) Technical Analysis and Upcoming Levels
According to expert technical analysis, DOGE appears bearish as it is retesting the breakdown of an ascending trendline. Based on recent price action, if DOGE declines and closes a four-hour candle below the $0.162 level, there is a strong possibility of a significant price drop in the coming days.

At present, DOGE is trading below the 200-day Exponential Moving Average (EMA) on the daily timeframe, indicating a strong bearish trend and weak price action, which may be contributing to lower participation.
Traders’ $25.60 Million Bullish Bet
However, traders appear to have a bullish view, as they are strongly betting on the long side, according to on-chain analytics firm Coinglass.

Data from spot inflow/outflow revealed that traders are currently over-leveraged at $0.164 on the lower side and $0.1745 on the upper side, holding $25.60 million in long positions and $8.50 million in short positions over the past 24 hours.
These strong bets on the long side are more than double those on the short side, indicating that bulls are firmly in control.$DOGE

Chainlink (LINK) Price Action and Upcoming Levels
According to CoinPedia’s technical analysis, LINK now appears bullish as it has officially broken out of the descending channel pattern, where it previously experienced price declines. Additionally, it has overcome resistance from the 200 Exponential Moving Average (EMA) on the four-hour timeframe.

Based on recent price action and historical patterns, if LINK maintains support at $15.15, it could potentially rally 25% to hit $19.30 in the coming days.

As of now, the altcoin is consolidating within a tight range, suggesting potential preparation for an upside rally.
Bullish On-Chain Metrics
In addition to the bullish price action, on-chain metrics further support this positive outlook. Data from the on-chain analytics firm Santiment reveals that LINK’s social dominance is at its highest level in recent weeks, signaling a bullish trend for the token.

Meanwhile, LINK’s development activity is at its peak since the beginning of March 2025, which is another bullish sign. Additionally, LINK’s supply on exchanges has dropped, indicating that whales and investors are potentially accumulating or withdrawing the asset.

When considering all these on-chain metrics, it appears that the bulls are back and could support LINK’s future gains.$LINK

Ethereum Reserves Fall to 8.97 Million
This massive drop in exchange reserves has occurred for the first time in the past 10 years, with the last instance reported in November 2015. However, the current reserve is 16.4% lower than it was seven weeks ago, indicating potential accumulation by whales and long-term holders.

Experts see these metrics as bullish signs as prices continue to fall, along with ETH exchange reserves. Besides this significant 16.4% drop in reserves, asset prices have also declined during the same period, which investors have taken as a buying opportunity.
Current Price Momentum
Ether is currently trading near $1,960, registering a 0.50% price drop in the past 24 hours. During the same period, its trading volume declined by 40%, indicating lower participation from traders and investors, possibly due to market uncertainty.

Ethereum (ETH) Price Action and Upcoming Levels
Despite the bearish market sentiment and reduced participation from investors and traders, ETH’s current level appears bullish. Its lack of a rally is not solely due to negative sentiment.
According to expert technical analysis, ETH remains bullish, having recently broken out of a prolonged consolidation phase that lasted over a week. Following the recent price drop, the asset seems to have successfully retested that zone, and its price now appears to be moving upward.

Based on recent price action and historical patterns, if Ether holds above the $1,950 level, there is a strong possibility it could surge by 12% to reach $2,200 in the coming days.
At press time, the asset is trading well below the 200 Exponential Moving Average (EMA) on the daily timeframe, hinting at a potential price rebound.$ETH

XRP Technical Analysis and Upcoming Levels
According to expert technical analysis, XRP has recently witnessed a bullish breakout from a cup and handle pattern, along with a descending triangle.

Due to the ongoing market decline, the asset has successfully retested the breakout area at the $2.40 level and is once again moving upward. However, this breakout area also aligns with the 200 Exponential Moving Average (EMA) on the four-hour time frame.
Based on recent price action and historical patterns, if the asset holds above the $2.38 level, there is still hope that XRP could soar significantly and potentially reach the $3.50 level. Meanwhile, if the asset fails to hold this level and closes a four-hour candle below $2.38, it could drop by 13% to reach $2.05 in the future.
Current Price Momentum
XRP is currently trading near $2.42 and has registered a price drop of over 4% in the past 24 hours. However, during the same period, due to bearish market sentiment, traders and investors participated less in the asset, causing a 20% decline in trading volume.

Traders’ $67 Million Worth Bets on Short Side
Despite the bullish breakout and ongoing price retest, intraday traders seem to be following the current market trend and are strongly betting on the short side, as reported by the on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged at $2.40, holding $26 million worth of long positions. Meanwhile, $2.54 is another over-leveraged level, where traders have placed $67 million worth of short positions. This clearly indicates that trader sentiment is bearish, and there is a strong possibility that the asset may consolidate near this level.$XRP

Despite the offloading of 148 million ENA tokens onto exchanges, some investors and long-term holders have been accumulating the tokens, according to on-chain analytics firm Coinglass.

Data from spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $19 million worth of ENA tokens in the past 48 hours. Such outflows from exchanges indicate potential accumulation amid price drops and could create buying pressure and upside momentum.
Traders Bullish Bet
Besides the mixed sentiments among whales and long-term investors, intraday traders are also supporting this bullish activity. In the past 24 hours, traders have been over-leveraged at $0.362 on the lower side and $0.386 on the upper side.

Data further revealed that $0.362 is a key level where traders have built $5.50 million worth of long positions, while $0.386 is a level where traders have built $2.17 million worth of short positions. These positions at over-leveraged levels indicate that bulls are dominating and could support ENA in an upcoming rally, helping it recover its price.
ENA Technical Analysis and Upcoming Levels
According to expert technical analysis, ENA has successfully retested its crucial support level of $0.345 and now appears to be rallying upward.
Based on historical price patterns, if the asset holds this level and closes a daily candle above $0.345, there is a strong possibility it could soar by 25% to reach the $0.50 level in the coming days.$ENA