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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

Ethena (ENA) Price Analysis for the Week
The ENA price has completed the parabolic recovery and is subjected to a correction, which points to a potential cup & handle pattern
The price tested the local support at $0.52 and rebounded, but it is yet to validate the recovery that could happen once the levels surpass & sustain above $0.61
The RSI has begun with a bullish divergence, while the volume has remained incremental since the beginning of July
Therefore, the Ethena price may rise and reach $0.6974 local resistance if it continues to rise, but it may encounter a strong bearish action before surpassing $0.7
On the other hand, if the bears continue to slash the prices lower, it could enter the support zone close to $0.45 which could attract a significant liquidity and propel prices beyond $0.7 which may further lead to $1
Artificial SuperIntelligence Alliance (FET) Price Analysis for the Week
As seen in the above chart, the FET price has broken the decisive symmetrical triangle and is heading towards the local support at $0.571
The supertrend has turned bearish while the RSI has almost reached the lower threshold, which may seem a bearish continuation
Meanwhile, the RSI is trying to rebound, but it needs to be seen whether it is another lower high, which could be confirmed during the weekend
Therefore, the FET price is required to rise into the symmetrical triangle and clear the resistance at $0.82 which could place the token at the apex of the consolidation
Hence, a breakout from these levels may help the price to clear the pivotal resistance at $1 and a sustained rally may hep the FET price to remain elevated $ENA

Over the past few days, the DOGE price action has mirrored broader market behavior.

After reaching $0.28 on Monday, which is the highest level since May that Dogecoin has achieved, it hovered between $0.26 and $0.27 before retracing to $0.23 by Thursday.

This represents a decline of over 15% from local highs, largely driven by rising sell pressure across retail traders.
Despite the recent weakness, known crypto analyst Ali Martinez suggests that the Dogecoin price is now testing the neckline of a double bottom pattern.

According to his analysis, the current DOGE price has retested this neckline-based critical support range, and holding above it could validate the bullish formation.

In his view, maintaining this structure opens the door for the DOGE price to advance toward the $0.33-$0.40 resistance zone.
Ascending Wedge Adds Momentum to Bullish Outlook
In a separate technical breakdown, analyst Trader Tardigrade highlights a broader perspective on the weekly DOGE chart. He posted on X, noting that it’s rebound from the lower border of an ascending broadening wedge, forecasts a giant rally coming.

Tardigrade also believes that the upper border, potentially near $1.00, could act as a magnet, connecting prior swing highs and forming a realistic long-term target.

This reinforces the idea that the Dogecoin price uptrend may have just begun, and short-term pullbacks could be healthy setups rather than trend reversals.
On-Chain Data Confirms Whale Accumulation
Adding further weight to the bullish narrative, the Santiment’s on-chain data shows a significant behavioral shift among the DOGE crypto holders.

It has been revealed that wallets holding between 100 and 10,000 DOGE, typically retail addresses, have steadily declined in number, reflecting ongoing profit-taking during the recent spike.

Conversely, the large holders with 100 million to 1 billion DOGE have increased their accumulation.
This pattern strongly suggests that while smaller traders have been exiting positions, institutional-sized players are buying the dip, providing strong underlying support for the meme-token.

This supply shift offers further evidence that the DOGE price correction may be temporary. With whale accumulation in play, strong technical patterns forming, and major analysts’ optimism. The DOGE price could soon regain momentum, provided the $0.23 support holds firm.$DOGE

Crypto analyst TheSignalyst recently highlighted that the XRP price has entered an Inverse Head and Shoulders pattern. This formation has emerged at a crucial moment, coinciding with strong support levels which were maintained by bullish traders for several months.

As of now, Bitcoin has also surpassed its June high, and XRP crypto is riding on that momentum, having climbed to $2.45. The analyst notes that in the short term, the price could reach between $2.62 and $2.66.
Looking ahead, TheSignalyst displays that a decisive break above the $2.66 level is essential for confirming a bullish continuation. If this setup holds, the analyst projects that the XRP price could potentially reach as high as $3.30 in the long term.

Indicators Analysis Shows Bullish Strength
The XRP price is demonstrating notable bullish strength, with today’s momentum highlighted by several bullish indicators. The MACD has revealed a golden cross, with the histogram rising at 0.0277. Currently, the MACD line sits at 0.0440, while the signal line is at 0.0164.
In addition, the Awesome Oscillator (AO) supports this bullish sentiment, as its histogram has also climbed at 0.1196. The Chaikin Money Flow (CMF) also indicates positive trends, currently jumping from 0 line to 0.11, reflecting an increase in money inflows.
Moreover, the Relative Strength Index (RSI) is on the rise, inching closer to overbought territory at 67.48. This suggests a strong likelihood of another price spike in the short-term before the market becomes overheated.$XRP

SUI Breaks Key Resistance—Aims for $4.12
SUI recently breached the $3 resistance level, marking a confirmed breakout from a descending channel that had previously capped its gains. This breakout has been undervalued by rising open interest and increasing spot volume. The 4-hour chart reflects strong bullish momentum, with RSI maintaining a level above 50, signaling continued buying pressure.As seen in the above chart, the latest rise has placed the levels between the 50-day & 200-day MA, which points towards a bullish trajectory. The RSI is incremental and hence supports the bullish thesis. As a result, the price is believed to rise above the pivotal 200-day MA at $3.27 which could form a strong base, substantiating the next bullish action.
Ecosystem Growth and Social Buzz Amplify the Rally
Beyond the technicals, SUI’s growing ecosystem is helping reinforce investor confidence. Key DeFi integrations, rising developer activity, and partnerships within the Web3 space are adding fuel to the bullish fire. The surge in DEX volume and wallet activity suggests user participation, which often precedes sustained price movements. Social sentiment around SUI has also spiked significantly over the last week, highlighting its potential breakout pattern.
Despite the bullish outlook, rising above the levels between $3.2 and $3.38 may offer a strong resistance to the rally. Additionally, the upcoming token unlocks could introduce short-term sell pressure, even though recent unlocks have had a minimal impact on price stability. Hence, a decisive close above this range may only unlock a new phase of growth for the token, which may push the SUI price above $4. $SUI

Ethereum is currently forming a strong bullish continuation pattern, consolidating just below a key resistance zone. On the daily chart, ETH has been maintaining higher lows, hinting at the formation of an ascending triangle—a pattern historically associated with upward breakouts. The price is challenging the $3,200 to $3,300 resistance level, with growing volume and increasing open interest on derivative platforms.

Momentum oscillators are turning positive as well. The Relative Strength Index (RSI) has broken above the midline and continues trending upwards without entering overbought territory, suggesting room for further gains. Additionally, the MACD shows buying pressure while the CMF maintains a steep upswing above 0, hinting towards a strong inflow of liquidity into the platform. From a broader perspective, ETH has reclaimed the 200-day MA and is now establishing it as a strong support. This technical strength, combined with low exchange reserves and rising whale accumulation, adds weight to the bullish thesis.
Network Fundamentals & Staking Metrics Support the Rally
Beyond the charts, Ethereum’s fundamentals are aligning with the price narrative. The supply of ETH on CEX has dropped to its lowest point in months, indicating reduced sell-side pressure. Simultaneously, staking activity continues to grow, with over 32 million ETH now locked in the Beacon Chain—effectively removing a significant portion of the circulating supply.
Moreover, the ETH gas fee burn mechanism remains active, ensuring a deflationary tilt on the tokenomics. With more ETH being burned than issued on high-activity days, the long-term value proposition of the asset remains strong. Institutional interest is also picking up again, with inflows into ETH-focused investment products registering consistent weekly gains. $ETH