Dig Deeper, Invest Smarter
The Shiba Inu team has announced a major governance initiative designed to transition its ecosystem into a fully decentralized digital network state. The process will introduce elections to appoint a lead visionary and DAO council members. Shiba Inu Announces Structured Elections According to the official post, the elections will determine the interim president and foundational
The post Shiba Inu Ecosystem to Hold Elections to Usher in Decentralized ‘Shib State’ appeared first on CoinGape.
Huawei, the Chinese tech giant, is set to revolutionize the way consumers interact with the digital yuan. The company’s latest…
Ethereum price eyes 30% gains in May as historical trends signal that it is one of the best months for the largest altcoin. Meanwhile, whales are actively accumulating ETH, amid renewed optimism that a new proposal will increase network throughput to achieve 2,000 TPS, and possibly restore Ethereum’s dominance among layer one networks.
ETH value today stands at $1,801 with a modest 0.9% gain in 24 hours. Buyers are attempting to turn the $1,800 resistance into support, and if they are successful, it could spark further gains.
Data from Coinglass shows that May is the best month for Ethereum price, with returns averaging around 30%. If history rhymes and Ethereum follows this trend in the coming months, it could surge from the current price of $1,800 to hit $2,300.
Whales appear to be readying themselves for a potential upswing, with data from santiment showing that these large traders have purchased millions of Ethereum tokens in the last 24 hours. During this period, the addresses of traders holding between 1,000 and 10,000 ETH increased their holdings by 10M tokens, equivalent to around $18 billion at the current Ethereum price.
Whales are often known for buying the dip and selling at the top. Therefore, if these traders are buying now, it might signal that the Ethereum price is eyeing gains in the near term.
Besides historical data and whale activity, a new Ethereum proposal might be another key driver for Ethereum price gains. The EIP 9698 proposal seeks to increase the Ethereum gas limit by 100x in the next four years, which might be a bullish catalyst for this altcoin.
According to popular analyst fabda.eth, this proposal will have a bullish impact on Ethereum scalability, noting that the network TPS may reach 2,000, while the total transactions will hit 6,000. If this happens, Ethereum could achieve scalability and rival Solana to attract dApp activity, which will bolster demand and support a bullish Ethereum price prediction.
Ethereum price recently broke out of a descending parallel channel on the daily chart, which is often a sign that the altcoin has overcome the recent downtrend, and it is eyeing an upward trend. This breakout is also confirmed by the AO bars that have crossed above the zero line, suggesting that the bullish momentum is growing strong.
The RSI is tipping north, and it has crossed above 50, which is also an indication that bulls are in control and a rally is likely. If ETH can overcome the resistance at $2,025, its next target price is $2,700 and eventually $3,500.
To sum up, Ethereum price is flashing several bullish signals, including whale accumulation and an ongoing network proposal to bolster network scalability. As these bullish factors align, traders should watch out for a rally of around 30%, which will match the average returns that ETH often sees in May.
The post Ethereum Price Eyes 30% Rally as Whales Scoop 10M ETH Amid 2000 TPS Proposal appeared first on CoinGape.
Ripple (XRP) price consolidates below $2.5 on Saturday, May 11, with gains capped at 5%. The Fear and Greed indicator hinting at volatile days ahead as US and China begin trade talks to mitigate ongoing reciprocal tariffs.
Ripple (XRP) failed to keep pace with rival Layer-1 tokens after its headline $50 million settlement with the U.S. SEC.
Traders used the news-driven rally to realize gains, triggering a stall below the $2.50 resistance.
XRP price gains on Saturday were capped at 5%, trailing behind Ethereum and Cardano with 10.5% and 7% upticks respectively, according to the latest data from CoinGecko.
Despite the underperformance, XRP trading volume remains elevated. Weekly average volumes are trending 38% above the 30-day mean.
Momentum indicators on the 7-day and 14-day charts still show double-digit price growth.
This signals strong underlying demand and investor confidence, setting up a consolidation base for potential breakout.
The $2.50 mark remains a psychologically significant resistance level.
XRP has tested this threshold three times in the past month, each time retreating on increased sell pressure.
Rather than slide below the $2 mark, positive sentiment from the SEC settlement and Trump’s softening stance on trade deals may trigger another Ripple price leg-up in the coming sessions.
Simultaneously, diplomatic overtures between the U.S. and China are drawing investor attention. Trade envoys met in Geneva Saturday for tariff negotiations.
US Treasury Secretary Scott Bessent leads the American delegation, with Vice Premier He Lifeng heading the Chinese side.
The talks follow months of economic escalation. A 145% U.S. tariff wall on Chinese imports and Beijing’s 125% countermeasures have suppressed bilateral trade volumes. Goldman Sachs projects these tariffs will double U.S. inflation to 4% by year-end. Even halving the current rates may not restore normal trade flows.
Market participants are closely monitoring statements from Washington.
“80% Tariff on China seems right! Up to Scott B,” Donald Trump posted on Truth Social, signaling both pressure and flexibility from tariffs of up-to 150% currently levied on certain imports from China.
Trump’s softening stance on trade policy and aggressive calls for Fed rate cuts continue to impact capital flows, investor risk appetite and global market sentiment positively.
Ripple’s market sentiment is signalling overheating. The XRP-specific Fear and Greed Index shows a current reading of 78, firmly in “Greed” territory. This marks a sharp uptick from the monthly timeframe low values of 49 just seven days ago.
Key indicators like price impulse, social sentiment, and volume are all flashing “Extreme Greed.” Only whale concentration and network dominance lag behind, indicating some institutional caution.
This sentiment trend, coupled with geopolitical optimism and strong technical support at $2.25, could set the stage for XRP to challenge the $2.50 resistance once again.
Should Ripple price continue to consolidate above that threshold, the path to $3 becomes more realistic, especially if trade negotiations progress or capital rotation from Bitcoin accelerates.
XRP price is holding firm above $2.44 on May 11, showing resilience after briefly touching an intraday high of $2.48.
Despite a mild 1.2% pullback on the daily close, the structure remains decisively bullish.
XRP trades above the midline of the Keltner Channel at $2.24, which now acts as dynamic support, while the upper band at $2.45 remains within reach, hinting at latent upside pressure.
Notably, the BBTrend oscillator has surged to 6.08, confirming a shift in directional strength that supports continuation rather than exhaustion.
Volume remains elevated at 8 million XRP, aligning with increasing buying momentum over the last three sessions, suggesting that institutional flows and larger holders are accumulating.
With XRP maintaining a strong posture above the 20-day mean, bulls are likely to test the psychological $2.50 barrier again, aiming next for $2.75. The breakout candle from May 9 remains intact, indicating follow-through is still in play.
Bitcoin forecast today also leans bullish, trading at $63.4K with RSI near 57 and holding above its 50-day EMA.
XRP typically follows Bitcoin’s macro sentiment, and with BTC showing no signs of reversal, XRP’s breakout remains technically supported. In the short-term, bearish risks may re-emerge if XRP price breaks below $2.24, invalidating the current channel breakout.
The post XRP Price Analysis: Ripple Markets Enters 78% ‘Extreme Greed’ as US-China Trade Talks Begin in Switzerland appeared first on CoinGape.