Atidhasan-Raju-b618d

The move came as U.S. markets opened for trade, suggesting strong demand from American investors.

Bitcoin Hits Historic $93,481 as Crypto Economy Surpasses $3 Trillion

Bitcoin blasted through the $90,000 resistance level early in the U.S. trading day and then quickly pushed even higher to top $93,000.
The surge was fueled by heavy demand, with the Coinbase Premium Index at its highest level since April.
Blackrock's iShares Bitcoin ETF (IBIT) was the fourth-most traded product across all ETFs, with $1.2 billion volume in the first hour of the session.

After bouncing off the $90,000 level multiple occasions earlier this week, bitcoin {BTC}} moved through that resistance during U.S. morning hours Wednesday. Once through, further gains ensured, with the price quickly rising past $93,000.
The breakthrough over the key price level happened right as U.S. traditional markets opened at 9:30 am E.T., indicating that strong demand from U.S. investors propelled prices higher.

Bitcoin's Coinbase Premium Index, a key gauge of U.S. demand, has jumped to 0.2, its highest reading since April, CryptoQuant data showed, underscoring the heavy buying pressure coming from U.S. players.
The metric measures the price difference for the leading crypto asset on Coinbase, widely used by U.S.-based investors and institutions, compared to prices on off-shore Binance, the most popular global exchange by trading volume.
While it was not immediately clear what type of market participants are buying, U.S.-listed spot bitcoin exchange-traded funds (ETF) started the day with strong trading volumes. Shares of BlackRock's iShares Bitcoin Trust ETF, IBIT, the largest spot ETF with $40 billion of assets, traded around $1.2 billion in the first hour of the session, making it the fourth most-traded product across all ETFs, per Barchart data.
Bitcoin at press time had pulled back a bit and was changing hands at $92,200, up almost 7% over the past 24 hours and leading over the broad-market CoinDesk 20 Index's 3.5% rise. Ethereum's ether (ETH) and solana (SOL) gained 1.6% and 2.7%, respectively, during the same period.

Spot buying drives the rally
Spot cumulative volume delta (CVD) — defined as the net difference between buying and selling trade volumes — continues to show strong flows with the majority of the net volume coming from buyers. Each time there's been a spike in spot CVD, it has corresponded to a rise in the asset's price, which suggests this rally is more sustainable as the buying is not futures-market based, said CoinDesk analyst James Van Straten.

**Ripple SEC Case: David Schwartz and Lawyers Weigh in on Potential Dismissal**

In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the crypto community is calling for the lawsuit’s dismissal and urging the resignation of SEC Chair Gary Gensler. While former SEC attorneys argue that a dismissal of the XRP lawsuit is unlikely, some believe policy changes under a Donald Trump-JD Vance administration, coupled with clearer crypto regulations, could potentially resolve the case.

Ripple CEO Brad Garlinghouse has expressed hope for an end to the lawsuit if Trump wins, referencing a 100-day crypto checklist that includes regulatory clarity and the potential removal of SEC Chair Gensler.

**Expert Analysis on the Ripple SEC Case**

Experts and legal analysts are weighing in on the potential for case dismissal, especially as President-elect Donald Trump considers sweeping policy changes. Trump’s return to the White House could be a boon for the crypto industry, given his stance on regulatory clarity.

Ripple CTO David Schwartz criticized the SEC for confusing the concept of an “investment contract” and causing ambiguity in securities law. He emphasized that Ripple is accountable to its shareholders, not XRP holders, noting that XRP prices are not directly tied to the company’s efforts. Schwartz explained that the SEC has been incorrectly interpreting reasonable reliance as akin to a contract, a misunderstanding in his view.

Pro-XRP lawyer Bill Morgan noted that Judge Torres ruled Ripple’s programmatic sales of XRP do not meet the Howey test’s criteria for securities, suggesting that Ripple’s marketing to retail investors may not significantly impact XRP’s price. Attorney Fred Rispoli added that while case withdrawal is “unrealistic,” a settlement is possible.

**SEC’s Focus on Secondary Market Sales**

Former SEC attorney James Farrell indicated that there’s no chance of dismissal for Ripple, Coinbase, or other cases, as the SEC’s litigation strategy includes targeting secondary market sales of crypto assets. Dropping the XRP lawsuit appeal could damage the SEC’s credibility, Farrell argued, suggesting the regulator may push for penalties up to $125 million.

The SEC’s recent actions highlight its intent to pursue firms for secondary market transactions that allegedly violate U.S. securities laws. ASA President Chris Iacovella and other critics are pushing for Gensler’s resignation, arguing his approach has created market uncertainty and reduced efficiency.

Attorney James Murphy, also known as “MetaLawMan,” noted that SEC Chairs historically have resigned shortly after a change in administration.

**XRP Price Rally on the Horizon?**

Currently trading at $0.66, XRP has seen a 1% gain in the past 24 hours and a 25% rise over the week. With recent trading volume surges and an increase in futures open interest to $1.1 billion, traders anticipate a price rally, particularly if XRP can break past the $0.75 resistance level. Increased social discussion around XRP, especially on platforms like Binance, signals bullish trader sentiment, with potential for XRP to reach $1.

Meanwhile, the SEC must submit its opening appeal brief by January 15, 2025, as ordered by the U.S. Court of Appeals for the Second Circuit.
#USInflationAboveTarget #SEC败诉 #Xrp🔥🔥 #CPIUpdateOctober #TrumpNominatesMuskDOGE
$XRP
$BTC
$DOGE

Stop-loss is flawed! That’s right—whale trackers argue that stop-loss (SL) is not the safeguard many think it is. Are we misinformed, maybe even deceived by those who benefit from our losses? Let’s break this down.

Most traders set stop-loss (SL) to protect their assets or limit losses. But let’s talk about isolated leverage and cross leverage for a moment. When you set leverage, it defaults to "cross" mode, but you can switch it to "isolated." Cross mode means your entire futures wallet balance can be used to maintain the position, while isolated mode only uses the margin allocated for that specific position.

In isolated mode, think of it like a built-in stop-loss. For example, if you’re comfortable with a $30 loss, you could set an SL at that amount, or you could use isolated leverage with $30 margin, which would limit your loss to that amount. Either way, the outcome is similar—whether the SL triggers at a $30 loss or the isolated position fails and you lose the $30 margin, it serves the same purpose.

So why use SL if isolated margin can accomplish the same thing? Here’s where the psychological game comes in. SL is marketed as a loss-reduction tool, giving traders a sense of security. This encourages confidence, as traders believe the SL will protect their assets if the market turns. But if you used isolated leverage instead and took the same loss, it would feel like a failure in strategy rather than a safe exit. SL makes losses seem manageable, almost normal.

But what is SL’s actual purpose? Technically, SL is a tool used in market analysis. When we predict an uptrend, we set an SL at a certain level to exit if the market starts dropping below that point. It’s supposed to help you exit when market direction changes, not just limit losses blindly.

If we want to reduce losses, isolated leverage might be more straightforward. It directly reflects when a trade or strategy doesn’t work, instead of giving a false sense of security that “saves” assets. Think about it—our losses feed those who dominate the market. SL might be part of that system, making losses feel normal.

Stay educated! Every dollar lost can benefit others controlling the game. Understand the basics, and don’t accept everything at face value.

Renowned Bybit trader Bluntz, known as the "Master Trader," has just made a bold forecast for Dogecoin (DOGE). According to Bluntz, DOGE's rally has only just begun, and those holding may want to brace for a potential surge.

In a recent post to his 287,200 followers on X (formerly Twitter), Bluntz highlighted that DOGE is gaining momentum against Bitcoin (BTC), a trend that could lead to a massive price breakout. He noted, "I tried to warn you all," adding, "It's wild to think this DOGE rally is just kicking off."

### Countdown to DOGE’s Next Big Move ⏳

Bluntz predicts that DOGE has likely established a key bottom against BTC and could rise as much as 260%. He shared a chart analysis on X, suggesting that DOGE needs nearly a 600% increase to reach his ambitious $1 target. With DOGE trading around $0.2913, the excitement over this target has the community buzzing. When he first shared his analysis, DOGE was at $0.277, and it has already started to trend upwards.

### Whale Watch: Big Wallets Yet to Join 🏦

Bluntz also pointed out that large holders—often called "whales"—haven't started accumulating DOGE yet. He believes that once these big players enter, it could fuel DOGE's explosive growth. Whale interest could be the trigger for DOGE’s next major phase, as the market's appetite for risk ramps up.

### The Musk Factor: Could Elon Ignite the Rally to $1? 🚗💨

Bluntz hinted that Elon Musk’s influence might again play a role in DOGE’s journey. Musk, a vocal DOGE supporter, has helped drive rallies in the past. Notably, he referenced DOGE during his 2024 U.S. election appearances, reinforcing his support for the coin.

With Bitcoin reaching $82,000 and Donald Trump now the 47th U.S. President, eyes are on DOGE. Many believe this might be the moment DOGE finally pushes past the $1 mark. Crypto enthusiasts worldwide are closely watching, anticipating that a significant rally could be on the horizon.

### Stay Ahead of the Market 🧐

As market interest in DOGE grows, it's crucial to stay informed. Binance remains a key platform for real-time updates on DOGE's performance. With predictions becoming increasingly bold, the next phase in DOGE’s journey could be imminent.

**Ready for the DOGE explosion?**
#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #doge⚡
$DOGE
$BTC

With the rapid evolution of the cryptocurrency market, investors are on the lookout for digital assets that could potentially deliver impressive returns. While market volatility makes predictions challenging, a few standout projects have shown great potential thanks to strong innovation, experienced teams, and active communities. Here are five cryptocurrencies that could potentially offer 10x growth before 2025.

---

### 1. Polygon (MATIC)

Polygon has established itself as a vital solution for scalability on the Ethereum blockchain. As Ethereum's popularity continues to drive high gas fees, Polygon offers a scalable, fast, and cost-effective alternative by enhancing Ethereum’s functionality. Known for enabling decentralized finance (DeFi) projects to reduce fees and speed up transactions, Polygon has been widely adopted by Web3 applications. With continued growth and development, especially if Ethereum 2.0 sees a successful rollout, Polygon’s role as a layer-2 solution could lead to substantial price increases, solidifying its position as a must-watch investment.

---

### 2. Chainlink (LINK)

Chainlink is critical for connecting blockchain technology to real-world data. Through its decentralized oracle network, Chainlink enables smart contracts to securely access external data, making it essential for DeFi, NFT marketplaces, and other blockchain applications that require reliable, real-time data inputs. With high-profile partnerships, including collaborations with Google and SWIFT, Chainlink is emerging as the go-to oracle provider. As DeFi continues to grow, Chainlink’s relevance and demand are likely to rise, positioning it as a high-growth asset with the potential for 10x returns.

---

### 3. Polkadot (DOT)

Polkadot is a powerful blockchain platform focused on interoperability, allowing different blockchains to securely share information. Its innovative parachain technology enables multiple blockchains to work in parallel, enhancing scalability and efficiency. As Web3 and decentralized applications evolve, Polkadot’s ecosystem, including projects like Moonbeam and Acala, is expanding rapidly. By facilitating seamless communication between blockchains, Polkadot could become foundational for Web3, boosting demand for DOT tokens and providing substantial growth potential.

---

### 4. Arbitrum (ARB)

Arbitrum is a layer-2 scaling solution for Ethereum, using Optimistic Rollups to process transactions faster and with lower fees. By operating as an off-chain solution that maintains Ethereum’s security benefits, Arbitrum has quickly gained traction among DeFi projects seeking efficient transaction processing. With Ethereum’s continued growth, Arbitrum’s role as a scaling solution becomes even more critical. As more decentralized applications adopt Arbitrum, its relevance and value could soar, making it a strong candidate for high returns.

---

### 5. Aptos (APT)

Aptos is a new, high-performance blockchain aimed at supporting scalable decentralized applications and Web3 development. Created by former Meta engineers, Aptos utilizes a unique programming language called Move, designed for enhanced security and performance. Although still in its early stages, Aptos is already attracting developers interested in building efficient dApps. With its focus on scalability and developer-friendly tools, Aptos could capture significant market share, offering a potentially high-growth opportunity for early investors.

---

And of course, as a bonus pick, **Dogecoin** remains a wild card with strong community backing that can drive sudden price movements. Though speculative, Dogecoin’s popularity keeps it relevant for investors looking for hi
gh-risk, high-reward opportunities.

#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #HaveYouBinanced

$POL
$DOGE
$APT

**Cardano (ADA) to $1? Here’s What Historical Data Suggests**

Despite being temporarily overshadowed by the broader crypto market's bullish trend, Cardano (ADA) shows potential for a major move. At the time of writing, ADA is priced at $0.5712, marking a 4.48% drop, according to CoinMarketCap. Additionally, ADA’s trading volume has decreased by 12.59%, down to $3.38 billion.

While recent metrics may seem discouraging, historical data suggests Cardano might surprise investors this November.

**Cardano’s Price Prospects**

Data from analytics platform Cryptorank provides a glimpse into ADA’s potential. Over the past seven years, Cardano has averaged a 50.3% growth rate in November. With ADA currently holding above $0.50, analysts believe this historical trend could push the price significantly higher, potentially doubling.

This optimism stems from ADA's past performance. In October, ADA recorded a modest average growth of 1.76%, though its price fluctuated between a low of $0.3244 and a high of $0.3524. Given ADA's historical November growth rate of 50.3%, a similar gain from the current price of $0.5712 could push ADA above $0.80, potentially even reaching $1.

The asset has already gained over 69% this month. If it sustains this momentum, ADA could be well-positioned to reach new highs in the longer term.

**Will Community Sentiment Propel ADA Higher?**

ADA is currently holding at a strong support level, and community sentiment is optimistic. In a recent poll of 44,643 participants, around 90% were bullish on ADA. This support could fuel ADA’s price movement.

On the development front, Cardano's team is actively implementing protocol upgrades to enhance performance and user experience, which could further strengthen ADA’s position.

As ADA strives to hit the $1 mark, all eyes are on its performance in the days ahead. Having regained its place among the top 10 cryptocurrencies, Cardano now ranks ninth by market capitalization.

#ADA.智能策略库🥇🥇 #WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024
$ADA

**Will Holding 1,000 XRP Make You Wealthy by 2025?**

As cryptocurrency evolves, investors continually seek assets with high growth potential, and XRP, developed by Ripple Labs, has gained notable attention. Known for its unique role in cross-border transactions and its close alignment with the financial sector, XRP presents a distinct investment opportunity. If you’re considering XRP, you may have heard claims that holding at least 1,000 XRP could lead to substantial returns by 2025. Let’s explore what holding 1,000 XRP might mean for your financial future.

### Why XRP?
Unlike cryptocurrencies like Bitcoin and Ethereum, which primarily function as stores of value or platforms for decentralized applications, XRP is specifically designed for fast, low-cost international payments. Ripple’s technology leverages XRP to settle transactions, making it attractive to banks and financial institutions that are experimenting with more efficient, scalable payment solutions. Given the demand for faster, cost-effective transactions, the adoption of XRP could increase, potentially driving up its value.

### Potential Value of XRP in 2025
Predicting XRP’s value in 2025 involves a range of forecasts, from optimistic to bearish:

- **Optimistic Scenario:** With favorable regulatory conditions and greater adoption among financial institutions, some analysts project XRP could reach $4 to $6. In this case, a holding of 1,000 XRP would be worth approximately $4,000 to $6,000.

- **Moderate Scenario:** In a more conservative environment, XRP’s value could rise to around $1.29 by 2025. This would place the value of 1,000 XRP at around $1,290.

- **Bearish Scenario:** Cryptocurrencies face volatility and potential regulatory hurdles. In a bearish scenario, XRP’s price could remain stable or even decrease, impacting the overall return on investment.

### Can 1,000 XRP Make You “Rich”?
Whether or not 1,000 XRP could make you “rich” depends on your personal financial goals. For some, an increase of a few thousand dollars might be meaningful, while others may view it as a smaller gain. Cryptocurrency investments are inherently volatile, so any investment in XRP should be approached with realistic expectations.

### Risks to Consider
Investing in XRP comes with specific risks:

- **Market Volatility:** Cryptocurrency prices can change rapidly, and returns are not guaranteed.
- **Regulatory Risks:** XRP has faced legal issues, such as the ongoing case with the SEC in the United States, which could affect its future.
- **Technological and Competitive Risks:** As a blockchain-based solution, XRP competes with other payment systems and may encounter challenges in achieving widespread adoption.

### Diversification as a Strategy
Many financial advisors recommend diversifying your portfolio rather than investing heavily in a single asset. Balancing cryptocurrency investments with traditional assets can help manage risk and create a more resilient portfolio.

### Conclusion: Is 1,000 XRP Worth Holding?
If you believe in XRP’s long-term potential, investing with a goal of 2025 might be a viable strategy. However, keep in mind the inherent risks and volatility. For those willing to endure market fluctuations, holding 1,000 XRP could result in a rewarding return—but as with all investments, careful research and sound financial planning are essential.

#Xrp🔥🔥 #DollarIndexHighestSinceJuly #BTCBreaks88k #BTCBreaks89k #HaveYouBinanced
$XRP
$BTC
$DOGE

**Dogecoin Price on Track to $1? Weekly Golden Cross Hints at Major Rally**

Dogecoin could be primed for a major rally toward the highly anticipated $1 mark, as it recently triggered a rare technical indicator known as the "Textbook Weekly Golden Cross." Crypto analyst Kevin, who identified the Golden Cross on Dogecoin's chart, suggests this bullish signal might pave the way for a substantial price surge.

### Golden Cross Sets $1 Target for Dogecoin

Dogecoin, the largest meme-based cryptocurrency, has just completed its first “Textbook Weekly Golden Cross” in four years. This rare event suggests a continuation of the recent bullish momentum, which could push the cryptocurrency even higher. According to Kevin, a Golden Cross occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA. The 50 SMA reflects a short-term price average, while the 200 SMA captures a longer-term trend, making this crossover a strong indicator of upward momentum.

Kevin’s analysis implies that this Golden Cross could signal a potential rise for Dogecoin toward the $1 mark. Currently trading around $0.28, Dogecoin has shown steady growth, with Kevin identifying several bullish targets that go beyond $1.

At the 0.618 Fibonacci level, Dogecoin could rise to the 0.73838 level at around $0.80, and potentially move further to the 1.0866 level, between $0.95 and $1.1. Kevin also noted that the last time Dogecoin experienced a Weekly Golden Cross was in 2020, leading to a substantial rally. While short-term volatility or a slight dip is possible, Kevin urges investors to consider the potential for longer-term gains.

### Analyst Predicts Potential Dogecoin Rally to $4

Another crypto analyst, Milkybull Crypto, also highlighted the Golden Cross on Dogecoin’s weekly chart. Milkybull, however, envisions an even higher price target between $2 and $4. He suggests that Dogecoin has historically seen “life-changing rallies” following a Golden Cross, pointing to the potential for an extended rally in this cycle.

Currently, Dogecoin is trading at $0.28, marking a 23.24% increase in the past day and an 84.66% rise over the past week, according to CoinMarketCap. As the bullish signals mount, the meme coin could be gearing up for significant gains, possibly reaching new all-time highs.
#doge⚡ #DollarIndexHighestSinceJuly #BTCBreaks88k #HaveYouBinanced #AltCoinRush
$DOGE
$BTC
$SOL

🚀 **DOGS Token Primed for Explosive Rally on Binance This November! Prepare for Liftoff!** 🔥

The crypto community is buzzing as DOGS, the latest rising star, gears up for what could be an unforgettable November. With analysts projecting a remarkable 238.41% surge by December 9, 2024, this token may be the next big thing on Binance! If you're on the lookout for the next winning play, DOGS could be worth your attention. 🐾

### 📈 Key Price Predictions & Potential ROI

DOGS is positioned for a powerful breakout, driven by a robust community, expanding ecosystem, and undeniable market momentum. Here’s what analysts are forecasting:

- **November 2024 Price Target:** Average price of $0.001484
- **Projected ROI:** 238.70% 🎖️

🚀 **A Perfect Entry Point for November!**

- **December 2024 Price Target:** Expected to reach $0.003071
- **Projected ROI:** 372.76% 🎖️

With these potential gains, DOGS could end the year as one of the top-performing tokens!

### 🔍 Market Sentiment: Bulls on the Move

The DOGS momentum is more than just hype; the market sentiment is distinctly bullish. With a Fear & Greed Index rating of 69 (Greed), trader confidence is high, and anticipation is building. As FOMO grows, more traders may drive volume into DOGS, fueling its potential breakout.

### 💥 Why DOGS Is Set to Surge

1. **Ecosystem Growth:** With continuous upgrades and a commitment to innovation, DOGS' ecosystem is flourishing.
2. **Community Power:** The fast-growing and loyal community is adding strength to DOGS' upward trajectory.
3. **Bullish Indicators:** Technical signals point to continued growth, making this an appealing opportunity for those watching from the sidelines.

### 🚨 A Cautionary Note

While the potential gains are exciting, remember that the crypto market is inherently volatile. Do thorough research, stay informed, and assess your risk tolerance before making any investment decisions.

### Could DOGS Lead Binance’s November Rally?

With the stage set, November could be the month that DOGS rises from an underdog to a top contender on Binance. Whether you're a seasoned pro or new to crypto, DOGS might be one to watch as 2024 heads toward a thrilling conclusion.

**Follow the Momentum – DOGS is Ready for Takeoff!** 🚀
#dogs #BTCNear82k #AltCoinRush #DogecoinPriceSurge #EthereumRally
$DOGS

**Ripple News: Can Kamala Harris Sell Donated XRP to Settle Campaign Debts? Legal Expert Weighs In**

In recent news from Coinpedia Fintech, a surprising proposal involving cryptocurrency and campaign finance surfaced. President-elect Donald Trump recently teased Vice President Kamala Harris about her reported $20 million campaign debt, jokingly offering to assist her financially struggling campaign. But an interesting idea emerged in the discussions—using XRP, the cryptocurrency associated with Ripple, to help settle Harris’s debts.

**Trump's Offer to Assist Harris's Campaign**

In typical fashion, Trump playfully suggested that the GOP might “do whatever we can” to help with Harris’s debt. This prompted some online users to float the idea that if Harris could sell donated XRP, it could potentially cover a significant part of her financial obligations. The theory? If the Securities and Exchange Commission (SEC) drops its legal case against Ripple, XRP’s value might rise, potentially enabling Harris to pay off her entire debt.

**The SEC Case and XRP’s Potential Role**

The suggestion of Harris selling XRP hinges on the SEC’s ongoing legal case against Ripple Labs, where the SEC claims XRP should be classified and regulated as a security. Should the SEC end its case, many speculate that XRP’s price could surge, providing Harris an opportunity to use the proceeds to reduce her campaign debt.

**Legal Analysis: Could Harris Legally Sell XRP?**

Former SEC attorney Marc Fagel recently weighed in on the matter, clarifying that XRP sales would not require SEC registration if Harris, as a retail holder, decided to sell. According to Fagel, only the issuer (Ripple) faces regulatory restrictions, while retail holders—like Harris—are free to sell XRP without registration, provided they aren’t involved in its issuance or promotion.

**Issuer vs. Retail Holder Exemption**

Fagel explained that Harris, as a non-issuer retail holder of XRP, is exempt from registration requirements under the Securities Act. The regulatory focus of the SEC case is on Ripple as the issuer, not retail holders. Therefore, Harris could potentially sell her XRP holdings without triggering SEC oversight, given that her sales would not constitute investment contracts under the Howey Test.

For context, Ripple co-founder Chris Larsen previously donated over $10 million worth of XRP to support Kamala Harris, adding another layer of intrigue to the discussion.

As XRP's regulatory status evolves, many will watch closely to see if this unusual idea gains traction.
#BTCNear82k #Xrp🔥🔥 #AltCoinRush #DogecoinPriceSurge #EthereumRally
$XRP
$BTC
$TON

**Could Shiba Inu Reach $0.01? Here’s How It Could Happen at a Lower Valuation Than $589.51 Trillion**

The idea of Shiba Inu (SHIB) reaching the $0.01 mark has captured the imagination of its holders. For many, achieving this price would be life-changing, enabling early retirement or substantial returns on their investment. However, Shiba Inu currently trades far below this target, meaning it would require a tremendous price increase to hit one cent. As of now, SHIB is priced at $0.00002706, down 0.09% in the past 24 hours. To reach $0.01, Shiba Inu would need to surge by approximately 52,365% from its current level.

### The Market Cap Challenge for $0.01
Shiba Inu's large token supply, currently at 589.26 trillion tokens, is a significant factor in calculating the market cap required to reach $0.01. Without reducing the supply, SHIB would need a market cap of $5.89 trillion to hit this milestone—more than double the current global crypto market cap of $2.61 trillion. Currently, SHIB's market cap is $11.21 billion, ranking it as the 13th-largest cryptocurrency. This means it would need to grow by 52,365% in market cap to reach the valuation necessary for $0.01.

### How Burning Could Help SHIB Achieve $0.01 at a Lower Market Cap
Given the current supply, many analysts are skeptical about the possibility of SHIB reaching $0.01 without drastic changes. The only feasible way SHIB could hit this target at a lower valuation is through aggressive token burns. By permanently removing tokens from circulation through burns, SHIB's supply would decrease, potentially increasing its price without requiring a multi-trillion-dollar market cap.

Shiba Inu initially launched with a supply of 1 quadrillion tokens, but over time, 410.73 trillion SHIB tokens have already been burned. Despite this reduction, more large-scale burns would be necessary to bring the supply down enough to support a $0.01 price target at a more achievable valuation.

### Shibarium’s Role in SHIB Burns
The Shiba Inu team is dedicated to increasing burn rates via Shibarium, their Layer 2 blockchain. Shibarium uses a portion of its transaction fees to burn SHIB tokens. Since its launch last year, Shibarium has burned over 55 billion SHIB, and this number is expected to grow as network usage increases.

As Shiba Inu continues with these burn initiatives, achieving $0.01 at a lower valuation may become more feasible over time, especially with ongoing transaction volume on Shibarium helping to reduce the token supply.

### Final Thoughts
While there’s a theoretical path to $0.01 for SHIB, reaching this target would require a combination of aggressive burning strategies, consistent high demand, and increased Shibarium usage. However, it’s essential for investors to approach this potential scenario with realistic expectations.

**Disclaimer**:
This article is for informational purposes only and should not be considered financial advice. The views expressed are those of the author.

#BTCBreaks80KATH #BIOProtocol #FedRateStrategy #shiba⚡ $SHIB