In a series of recent social media posts, American professional boxer Ryan Garcia hinted at the creation of his own meme coin. “Whatever coin I create I will go hard asf,” Garcia stated in one post, indicating his commitment to the project. In a subsequent post, he added, “When I drop this meme coin, it’s […]
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Penguiana Reports New Milestones As PENGU Presale Hits Soft Cap, Teases Play-to-Earn Game Trailer Next Month
PRESS RELEASE. Penguiana (PENGU), a novel penguin-themed meme coin, is making significant waves within the cryptocurrency and Solana meme community. With its presale already raising over 1500 SOL, Penguiana is positioning itself as the next popular meme coin on the Solana blockchain. Penguiana (PENGU) Presale is Up and Running The Penguiana presale showcases the strength […]
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Shiba Inu Team Teases ‘Next Big Thing’ As ‘Big Money’ Eyes SHIB
Shiba Inu marketing lead Lucie has ignited the community’s excitement with a teaser about the project’s future. On X, the platform that has taken the place of Twitter, Lucie dropped a tantalizing hint about what’s to come for the Shiba Inu ecosystem. Her message, shrouded in mystery, suggests a bullish future while details remain undisclosed.
Lucie teased, “I can’t disclose specifics, but if you possess basic blockchain skills and understand the Shibarium process, you can anticipate what’s ahead.” Lucie continued by highlighting the interest from significant investors: “Big investors are now putting their money into the next big thing.” She also shared an intriguing viewpoint on investment, “A fun fact: real art is finding the gem before anyone else.”
She also expressed her confidence in the project’s trajectory, emphasizing the commitment of the team: “I believe in our hard work and persistence; winning is the only option.” She mentioned Shibarium (BONE), LEASH and SHIB in reference to the tokens within the Shiba Inu ecosystem, suggesting that one or more of these tokens will be central to what’s coming next.
In conclusion to her message, Lucie reminded the community of the personal nature of investment goals and the relationship between investment and potential returns: “But remember, each of us has different goals, and how much you invest determines how much profit you collect.”
She encouraged realistic goal setting and wished everyone luck: “Set your bar realistically, and let’s see how it goes. Good luck to everyone on their journey with Shiba Ecosystem or any other project!”
Shiba Inu Price Holds Key Support
Transitioning to the technical analysis of Shiba Inu’s price action, the weekly chart reveals a number of critical insights. The chart below displays the SHIB/USD pair on a weekly timeframe, offering a broad view of market sentiment and price trends.
The price is currently hovering above a crucial support level, as indicated by the recent candles sitting atop the Fibonacci retracement level of 0.236, priced at .00000878. This zone is pivotal as it represents a potential reversal area where buyers have previously stepped in.
The descending trend line, drawn from the highs of August 2022, was broken in December 2023, suggesting a shift in the market structure. However, the price has since retested this line, now acting as support.
The EMA (Exponential Moving Average) lines — 20 (red) and 50 (orange) — are of particular interest. Within the last three weeks, SHIB couldn’t close above the EMA50 (.00000975) and is currently trading below the EMA50 (.00000904). A weekly close above the latter could be a bullish sign.
Notably, the price has been making lower highs, indicative of a downtrend, but the recent support hold above the blue trend line and the 0.236 Fib could be a sign of potential bullish momentum.
The volume profile shows no significant spikes, indicating a lack of strong buying or selling pressure at the current levels. The RSI (Relative Strength Index) sits just above the midline at 54.71, which does not denote an overbought or oversold market, aligning with the consolidation narrative.
Key resistance levels to watch are the Fibonacci levels of 0.382 (.00001049) and 0.5 (.00001188). A break above these could signal a stronger recovery. Conversely, if the price falls below the current support, the next level to watch would be .0000715.
MasterCard Coming To XRP? Prominent Developer Teases Major Upgrade
XRP investors may be looking at one of the most important upgrades yet according to a prominent developer in the community. This was revealed by the lead developer of one of the major projects building on the XRP Ledger, hinting that a MasterCard integration may be coming.
Bringing MasterCard, Self-Custody, And More To XRP
In a post that was shared on X (formerly Twitter), Xumm Wallet lead developer Wietse Wind excitedly announced to the community that self-custody is on the way. The announcement featured a screenshot that showed the option to make purchases with prepaid XRP, a feature that is yet to drop.
“Right on time for the holidays: the gift of self custody. Xumm @Tangem NFC hardware wallets: ordered with optional pre-paid XRP to cover the account reserve & an additional 50$ in XRP (no KYC). Full announcement & details: upcoming week,” the developer said.
This sparked a lot of excitement in the community but these also came with questions. One X user asked if users would be able to link a credit card to their Xumm wallet to make purchases. The developer responded by saying “These are hardware wallets, they don’t work @ terminals and ATMs.”
However, in a follow-up, the user declared “Debit cards and Xumm is all I want.” To which Wietse Wind responded that they are working on it. “Debit MasterCard, self custody, card authorization with custom on ledger limits on your account using a Hook,” Wietse Wind revealed.
Working on this.
Debit MasterCard, self custody, card authorization with custom on ledger limits on your account using a Hook. https://t.co/BOlFKlddzx
— WietseWind (
+
Xumm @ XRPL Labs) (@WietseWind) November 26, 2023
Concerns About Card Fees
Following Wietse Wind’s announcement that the team was working on bringing MasterCard integration to the XRP wallet, questions flowed as community members sought out clarifications on what this could mean. One particularly recurring theme was card fees which users have come to loathe.
One user John Mcclain implored the team to not have a +1% fee on charges, referencing the charges by another prominent payment platform in the XRP space, Uphold, which the user says charges a high fee. According to them, “This can really add up quick!”
Moving to allay worries, Wietse Wind reminded users that using credit and debit cards means that there will be fees attached. This is because this is how these cards work, and also “that’s how they are able to insure, give cash backs, and make tremendous amounts of money.”
However, this problem does not seem to be alien to the Xumm team as the developer revealed that running entirely separate rails would be beneficial in addressing the fees issue. But for now, “we’ll have to address the chicken/egg problem over and over again.”
XRP News: Ripple CEO Teases Major Announcements At Swell Event
Ripple CEO Brad Garlinghouse has expressed his anticipation for the upcoming DC Fintech week, dropping major hints and teasers about significant announcements and heated discussions slated for the event.
Ripple Swell Event Sparks Community Interest
Chief Executive Officer of Ripple, Brad Garlinghouse has teased the X (formerly Twitter) community with hints of discussions and ideas about the upcoming Ripple Swell 2023 event scheduled for November 8th and 9th in Dubai.
Garlinghouse stated that he was always excited about the DC Fintech Week which occurred every year. He emphasized the importance of the event in bringing together different people with similar interests in one room interacting and sharing their different ideas and perspectives on substantial topics and issues in the finance and blockchain industry.
In his post, Garlinghouse dropped a cryptic message, likening the Ripple Swell event to a “proverbial cage match.”
“Every year I look forward to DCFintechWeek — everyone from the public to private participants in one room, discussing (and sometimes debating) the substantive issues with no holds barred. wondering…a proverbial cage match?!” Garlinghouse stated.
Some of the headlining speakers excluding Garlinghouse appearing at the DC Fintech Week include United States Under Secretary of the Treasury for Domestic Finance, Nellie Liang, CEO of Grayscale Investments, Michael Sonnenshein, Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, Vice Chair of Supervision at the Federal Reserve, Michael Barr, and others.
As the Ripple Swell event approaches, many crypto enthusiasts are looking forward to witnessing what could be a defining moment in the Ripple ecosystem as the event may provide more insight into Ripple’s future developments and present challenges.
Garlinghouse To Share Stage With Gensler At Swell Event
Following the conclusion of one of the most heated high-stakes legal battles in the crypto space, Garlinghouse and SEC Chair Gary Gensler are set to share a stage in the DC Fintech Week, discussing and possibly debating on various topics in the fintech and blockchain space.
The legal battle between Gensler and Ripple’s top Executives Chris Larsen and Garlinghouse has been one of the most closely watched conflicts in the crypto space. The SEC sued both executives, accusing them of violating US securities laws by supporting the sales of XRP tokens in unregistered security offerings to investors.
The regulator eventually dropped all charges and claims against Larsen and Garlinghouse earlier in October, earning Ripple a partial win against the agency.
Many XRP community members have rallied behind Garlinghouse’s label of the Ripple Swell event as a “proverbial cage match.” This sentiment is particularly strong when considering participants like Gensler and Garlinghouse who have a history of legal disagreements and Grayscale and US SEC who are currently in a legal dispute concerning the approval of Spot Bitcoin ETFs.
Shiba Inu Price Stabilizes As Marketing Lead Teases Upcoming ‘Journey’
Amidst waves of volatility in the crypto market, the Shiba Inu price seems to be stabilizing. Meanwhile, Lucie, the marketing manager of Shiba Inu, provided important insights into the upcoming developments when she revealed the roadmap for the anticipated “journey”.
The Upcoming “Shibarium Journey”
In her most recent tweet, Lucie expressed the magnitude of the upcoming Shibarium journey. She stated, “Embarking on the Shibarium journey is a big task that demands a lot of time and commitment. Our goal is to create outstanding decentralized applications (dApps) that people will love and use.”
Elaborating on the roadmap, Lucie delved into the multifaceted strategy Shiba Inu plans to deploy. She highlighted the significant plans in store for the development of the project’s tokens, SHIB, BONE, and LEASH. Lucie underscored the goal to ensure that these tokens are “not only valuable but also have a strong utility within our ecosystem.” Such enhancements are hoped to draw in more users and investors, thereby amplifying benefits for the Shiba community.
On the topic of decentralized applications, Lucie emphasized their focus on creating “exceptional dApps that will revolutionize the decentralized world.” According to her, the forthcoming dApps will be fashioned to be user-centric, innovative, and meet the demands of the community.
Lucie also touched upon the virtual realms the team is concentrating on: the Shiboshi NFTs and the SHIB Metaverse. She believes these virtual environments will “serve as vibrant hubs for our community to connect, interact, and explore.” By shaping immersive and captivating online spaces, Lucie anticipates fostering a profound sense of community.
Lucie wrapped up her tweet affirming the commitment to Shibarium’s growth as an L2 solution, stating, “Our steadfast commitment to building Shibarium as a successful L2 solution remains unshakable.”
She championed the collaborative and innovative ethos that forms the foundation for the tokens and the burgeoning Shibarium ecosystem, saying:
This journey, marked by collaboration, innovation, and dedication, is the bedrock of our tokens’ triumph and the thriving Shibarium ecosystem. Together, we’re shaping the future of decentralized applications, one innovative step at a time. #ShibariumJourney
However, not all members of the SHIB community are on board with the project’s current trajectory. A notable tweet from @a_king_li read: “@ShytoshiKusama: L2 has been released for two months now, and there are no major projects, no good ecosystem or trustworthy swap. As a responsible official, should we release some official cooperative ecosystems or swap, so that funds can come in with peace of mind.”
The concerns primarily arise from the absence of any major dApp on Shibarium, as touched on by Lucie. Notable projects like ShibaSwap and the Metaverse are yet to be operational on Shibarium. Furthermore, there’s a noted decline in Shibarium’s user and transaction statistics. After an initial hype with over 200,000 transactions daily post-launch, recent numbers hover above a mere 10,000 transactions per day.
Shiba Inu Price Stabilizes
The stagnation in Shibarium’s development may be a contributing factor to the dissatisfaction of some community members, as well as SHIB’s recent price action. As detailed in our last in-depth analysis, the SHIB price currently treads on decisive technical grounds, influenced by two significant chart patterns.
On the 1-week chart, SHIB showcases a promising quadruple bottom formation, indicating a potential bullish surge of up to 250% if realized. Contrarily, a descending triangle pattern, which has evolved over 60 weeks, suggests a bearish downturn. This is highlighted as SHIB’s price, currently at .00000682, has dropped below the descending triangle’s crucial neckline of .00000715.
For now, SHIB has stabilized and recovered slightly, having already fallen to .00000671 yesterday. Hope also comes from previous instances, such as the dip in June followed by a 59% rally, suggesting the potential for swift recoveries.
However, for this to happen, SHIB needs to record a weekly close above the .00000715 this week or next week. This might cement the bullish quadruple bottom trajectory. In case the scenario does not play out, SHIB could fall again towards the yearly low at .000006.
Bitstamp Teases Major XRP Announcement, But The Market Hesitates
In a cryptic move that has the XRP army speculating, Europe’s leading cryptocurrency exchange, Bitstamp, has teased a significant announcement related to the token. The Luxembourg-based exchange made this known via a tweet that simply read, “tomorrow,” accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video.
The video, a brief animation showing an XRP rocket ascending, indicates that the forthcoming announcement could potentially result in significant news for the XRP Ledger, eventually boosting the price. However, Bitstamp stopped short of offering any explicit hints about what this announcement might entail, leaving the community buzzing with anticipation.
Tomorrow.#XRP #XRPL #XRPLedger pic.twitter.com/aZrKAjXK5j
— Bitstamp (@Bitstamp) August 2, 2023
What Might Be Bitstamp’s Announcement?
XRP’s followers were quick to respond, sharing their theories on what Bitstamp’s forthcoming announcement might involve. Panos, the founder of Digital Generation Finance, expressed his belief that Bitstamp could be set to announce a full integration with the XRP Ledger (XRPL). “The announcement could reveal that DEX has been connected to Bitstamp’s order book, focusing on fiat ramps for payments,” Panos conjectured.
This notion was seconded by prominent XRP community member @XRPcryptowolf, who also postulated that Bitstamp could be planning an XRPL integration.
Meanwhile, another XRP fan named @wEeZiE posited that Bitstamp’s announcement might have something to do with Ripple’s recent minority stake acquisition in the exchange. Back in May, Ripple acquired a stake in Bitstamp in a bid to expand its international operations and diversify its offerings beyond payments.
A transcript of the Galaxy shareholder conference revealed at the time that Ripple had acquired the shares from Pantera Capital, another crypto investment firm based in the US. Pantera was one of Bitstamp’s largest shareholders until 2018, when the exchange was acquired by Belgian investment firm NXMH. However, it is unclear how much Ripple paid for the acquisition or how the deal was structured.
“wEeZiE” stated, “Recall Ripple president Monica Long’s comment about Ripple’s recent stake acquisition in Bitstamp. She mentioned that the move would strengthen Ripple’s international presence and diversify its offerings beyond payments. Perhaps Bitstamp’s tease pertains to this?”
Remarkably, Bitstamp has been a major Ripple gateway for years, granting clients access to RippleNet and serving as a key partner for Ripple’s On-Demand Liquidity (ODL).
XRP Investors Don’t Buy The News
At press time, the market has not reacted to the announcement of the announcement. On the contrary, XRP has lost key support at .6760 and marked a new 3-week low following the summary judgment in the US Securities and Exchange Commission (SEC) case.
For now, the price has found support at the 200 EMA (Exponential Moving Average) at .6543. If this support breaks as well, a plunge towards .60 could be on the cards. On a bullish note, if Bitstamp’s announcement tomorrow can excite XRP investors, the .6760 level would be the first resistance. In case of a breakout, a spike up to .7249 is likely.
Shiba Inu (SHIB) Is Up 4% As Lead Dev Teases Exact Beta Launch Date
The second most popular meme coin on the crypto market, Shiba Inu (SHIB), is about to launch its eagerly awaited layer 2 scaling solution Shibarium.
While lead developer Shytoshi Kusama has repeatedly said in recent weeks that the launch date is not yet set but will be “soon,” he may now have leaked the beta launch date himself wrapped in a word puzzle. He revealed the decisive hint in his Twitter bio, where he writes:
Tending the Pine Tree of Life. Quickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.
For the Shiba Inu community, this is an unmistakable clue that the beta version of Shibarium will be released on Valentine’s Day, February 14.
Already on January 15, Kusama had posted a prelude to his announcement, where he mysteriously stated:
During fall the tree may have only a few leaves, but then spring appears.
Luckily, Shibarium, in this context, is a Pine Tree. Still, it needs water, sunlight and proper soil. But pines survive and thrive during the harshest winters. (I also hear the needle tea is good for you.)
Shiba Inu (SHIB) Price Reacts By Moving Up 4%
Shiba Inu (SHIB) has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at .00001249. Trading volume was around 5 million within the last 24 hours, representing a -55% decrease against the previous time period.
Year-to-date (YTD), SHIB is up about 43% at the current price, the highest level since early November 2022.
This rally has been mainly driven by two reasons: on the one hand, macroeconomic sentiment has improved substantially, giving the overall crypto market a strong boost, and on the other hand, Shibarium has provided some level of FOMO.
However, a look at the 1-week chart of SHIB reveals that the price should still be assessed as mostly bearish. In its third attempt since September 2022, SHIB’s price has failed to close above .000014 on a weekly basis.
The resistance zone between .000013 and .000014 has so far proved too stubborn to confirm a breakout from the bearish territory.
The 1-day chart shows the massive drop from the lower end of the resistance zone at .000013 very clearly. Currently, however, SHIB is finding support from the 200-day exponential moving average (EMA).
As signaled by the daily RSI, Shiba Inu (SHIB) is in an overbought condition. On a daily basis, the RSI remained significantly in the overbought zone, 79 at press time.
Ideally, the RSI causes investors to reduce their positions and thus initiate a price correction on a price basis. Otherwise, there would have to be a correction on a time basis, which would mean a longer sideways trend below the resistance zone.
To trigger a sustained bullish breakout on the daily and weekly charts, Shiba Inu needs to break above the .000014 level within the next few weeks.
Featured image from VOI, Charts from TradingView.com
Cardano (ADA) Investors Watch For Nov. 18, Hoskinson Teases Announcement
Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages.
However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed.
Hoskinson didn’t mince words, saying, “I’ll announce it at the Edinburgh event.” Another Twitter user questioned whether the long-awaited announcement was about the algorithmic stablecoin Djed.
Djed has been under development by IOG and the COTI network for quite some time now. An announcement about it would not justify all the hype, according to the user. Hoskinson, however, disagreed, saying, “Not djed. Been working on it for 4 years”.
Not djed. Been working on it for 4 years
— Charles Hoskinson (@IOHK_Charles) November 3, 2022
Therefore, it remains to be seen what is behind the mysterious announcement. In this respect, investors should be eagerly awaiting November 18 and 19, when IOG celebrates its Scotfest in Edinburgh.
What’s Behind The Mysterious Announcement For Cardano?
The event is expected to kick off the fifth phase of Cardano’s development, called Voltaire. Currently, the blockchain is still in its 4th era, Basho, which has scaling as its focus.
In this regard, the Cardano community is still eagerly awaiting “Hydra“. Simulations of the scaling solution developed by IOG have shown that each “Hydra head” can currently process about 1,000 transactions per second (TPS).
With 1,000 stacking pools, each processing 1,000 TPS, Cardano could achieve a throughput of up to one million transactions per second. Whether Hydra’s implementation will be the announcement in Edinburgh nevertheless remains to be seen.
Currently, Hydra remains in development. Already in March, IOG’s programmers unveiled the Hydra Heads protocol as part of a public testnet.
Another thing that speaks against the assumption that the announcement is about Hydra is that the IO Scotfest is supposed to celebrate the era of Voltaire. More than 20 keynotes are planned, with Hoskinson delivering the most important speech.
How the ADA price will behave remains to be seen. Previous “announcements of announcements” by Hoskinson, however, have usually generated some hype and price volatility in advance. Ultimately, the significance of the announcement will determine whether the event will be a “buy the rumor, sell the news” event.
Djed Stablecoin Entering The Home Stretch
Preparations for the launch of the Cardano stablecoin Djed are in full swing. As the founder of the COTI network revealed in mid-October, the final audit is currently taking place before the stablecoin is scheduled to go live at the end of November.
The final audit report for $Djed is scheduled for the end of November
Here's the update from the CEO of $Coti, @shahafbg. pic.twitter.com/6SKXrio5Kg
— Djed Stablecoin (@DjedStablecoin) October 14, 2022
Djed is a stablecoin based on an algorithmic design. It uses smart contracts to guarantee and ensure price stabilization. For this, Djed works with a reserve of base coins and mints and burns stablecoins and reserve coins.
Justin Sun Teases Tron Acquisition, Can He Deliver?
Tron CEO Justin Sun sent tongues waging today as he teased the markets with news of a new acquisition. No details were forthcoming, but the suggestion to “stay tuned” has the crypto world on tenterhooks.
New acquisition in #TRON ecosystem is done. Stay tuned! #TRX $TRX
— Justin Sun (@justinsuntron) November 19, 2019
Tron CEO Cries Wolf
Many participants within the crypto markets see the Tron CEO as more of a publicist than a man of substance, and with his long history of hyping sensational news – which has more often than not turned out to be a non-events or even grandiose lies – the skeptical among us remain suspicious over today’s tweet.
The best example of this is perhaps the Warren Buffett charity lunch that never came to fruition. At the time, Sun claimed that ill health, from kidney stones, meant he had to re-schedule. Then, rumors of his detention by Chinese authorities on the grounds of a fraud investigation began to surface, but this was later refuted after footage of him live streaming from San Francisco made the rounds.
Almost five months on and we are still none the wiser as to whether the lunch will still occur. Sun himself has admitted to his status as a sensationalist character. Regarding the Buffett power lunch, he apologized on Chinese social media by saying:
“My immature, naive, and impulsive conducts with my big mouth have turned it into an out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences.”
Even so, as someone with form, it’s difficult not to think of Sun as the boy who cried wolf. Or is it?
Justin Sun Delivers
For as much as people accuse Sun of being a shameless promoter, he is still a prominent figure in the crypto world, and his announcements as of late have been, for lack of a better phrase, out of the park.
To begin with, since the start of November Tron has been integrated into the Samsung Blockchain Keystore. Samsung S10 users can now access Tron tokens and Tron DApps via their smartphone. On achieving this important goal, Sun said:
“I believe that this partnership is big news for the crypto industry. Right now, TRX is the native currency embedded within Samsung phones after the S10 and S11. That’s why I believe it’s very significant considering Samsung’s large user base, in which billions of people around the globe use their products every day.”
But that’s not all. Sun believes that other phone manufacturers will follow suit for fear of being left behind, therefore creating a domino effect of mass adoption through smartphone integration.
“With Samsung starting to integrate blockchain infrastructure into their phones, this will force other phone manufacturers such as Apple, Huawei, Oppo, Vivo, and Xiaomi to also integrate with blockchain manufacturers, giving consumers huge benefits with the mass adoption of blockchain technology.”
In addition to that, Sun also admitted recently that he was one of the investors who acquired Poloniex from Circle. Although both entities will operate independently of each other, the benefits are already apparent, as Poloniex listed Tron last week.
Love him, or hate him, there’s never a dull moment with Justin Sun around, and news of a new acquisition in the Tron eco-space is likely to be big. Let’s hope Sun doesn’t disappoint.
Featured images from Shutterstock.
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