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In a shocking update today, US president Donald Trump posted that United States of America has bombde three Iranian nuclear facilities. The crypto market is crashing including large cap coin like Bitcoin and Ethereum both down by more than 5% in last on week. US Bombs Iranian Nuclear sites, Crypto Market Tumbles The ongoing conflict
The post US Iran War: Crypto Market Crashes As U.S. Airstrikes on Iran appeared first on CoinGape.
The post Gold Price Extends Gains Beyond $3,420/oz: What Next for Bitcoin Price? appeared first on Coinpedia Fintech News
Gold (XAU) price gained nearly 3 percent in the past 24 hours to trade at about $3,424 per ounce on Tuesday, May 6, during the mid-Northern American session. The top-tier precious metal extended its gains on Tuesday as India launched a military offensive attack against Pakistan following a recent terror attack.
The demand for Gold by global central banks continued to increase as the U.S. dollar weakened against major currencies led by the Pound, Japanese yen, and the EUR. Furthermore, the ongoing global trade negotiations have heavily impacted the equity markets, led by the United States stocks.
From a technical analysis standpoint, Gold price is on the verge of experiencing a parabolic rally potentially akin to the 1979 rally. If the global demand for Gold continues in the coming months, the precious metal will likely rally beyond $4k per OZ before the end of 2025z
The notable rally for Gold price elated Bitcoin bulls, as the flagship coin surged nearly 1 percent to trade at about $94.6k at the time of this writing. Ahead of Wednesday’s Federal Funds Rate and the FOMC statement, Bitcoin price has experienced heightened volatility.
Ultimately, the cash rotation from gold to Bitcoin by institutional investors will catalyze the much anticipated parabolic rally for BTC and the wider crypto market in the near future. Moreover, institutional investors – led by Strategy, and BlackRock – have relentlessly accumulated Bitcoin in the recent past.
Additionally, Bitcoin Futures Open Interest (OI) has gradually increased in the past few weeks to about $63 billion at the time of this writing.
The post Gold Price Extends Gains Beyond $3,420/oz: What Next for Bitcoin Price? appeared first on Coinpedia Fintech News
Gold price is less than 2 percent from its all-time high amid volatile geopolitical tensions. On-chain data shows that the Bitcoin network has experienced a renewed demand from institutional investors. Gold (XAU) price gained nearly 3 percent in the past 24 hours to trade at about $3,424 per ounce on Tuesday, May 6, during the …
Shiba Inu price saw a massive price increase in 2021 when Vitalik Buterin burned 410 trillion SHIB tokens sent to him by developers. This burn process led to SHIB erasing three zeros from its price within a short time. Since then, the SHIB community has been conducting regulator SHIB burns and increasing utility in an attempt to push Shiba Inu price to $0.01. In this article, we explore why SHIB price may never rally to $0.01.
At press time, Shiba Inu price trades at $0.0000135 after a 3.5% rise in 24 hours.
Shiba Inu price faces several obstacles in its path towards $0.01. As these factors continue to weigh on the price, SHIB may continue to record an underwhelming performance.
One of the reasons why SHIB price may never reach $0.01 is the massive circulating supply of 589 billion tokens. For SHIB to reach $0.01 with this supply, its market capitalization would reach $5.89 trillion.
For context, the total supply of the crypto market is around $3 trillion. Therefore, for SHIB to reach $0.01, it would have to outperform Bitcoin, Ethereum, and the entire market. This is currently unlikely to happen in the near term due to a lack of institutional interest that shows a bearish Shiba Inu price forecast.
The other reason why the Shiba Inu price will never reach $0.01 is the slow SHIB burn process. The Shiba Inu community has been conducting regular token burning to reduce the supply. Recently the Shiba Inu burn rate soared by 5,000%, but the supply remained significantly high.
Data from Shibburn shows that the burn rate is dropping again. This lack of a sustained surge in the burn rate will keep Shiba Inu’s supply elevated and prevent it from reaching $0.01.
Shiba Inu price may also fail to rally to $0.01 due to a lack of institutional interest. Despite being the second-largest meme coin after Dogecoin, Shiba Inu has yet to get a spot ETF filing. This may hinder significant price gains.
Additionally, new meme coins are getting much retail interest compared to Shiba Inu. As traders flock to new meme coins for quick gains, it diminishes SHIB chances of reaching $0.01.
Shiba Inu price is under bearish pressure despite its recent gains. The meme coin is trading within a falling parallel channel, indicating that bearish trends are prevalent. This could trigger further losses.
The RSI has been fluctuating below 50 for the past month indicating a lack of buyer interest. The ADX is also rising, which also shows that the bearish momentum shown in the falling wedge pattern is gaining strength.
If these bearish trends continue and the SHIB price loses support at $0.0000128, it could push the prices lower, possibly to the $0.000009 level.
SHIB’s technical outlook shows a bearish picture that may affect its short-term price outlook. Additionally, the slow burn rate, vast supply, and lack of demand make it unlikely for SHIB to reach $0.01 in the long term.
The post Here’s Why Shiba Inu Price Will Never Hit $0.01 appeared first on CoinGape.
The post Ripple (XRP) Price Prediction: Which Will Come First for XRP Price — $0.50 or $5, and Why? appeared first on Coinpedia Fintech News
Fresh regulatory changes alongside macroeconomic movements place XRP and its status at the center of Ripple’s market attention. XRP previously exhibited potential to rule global payments, yet it trades between $5 and $0.50 in restricted price ranges as investors execute a down-or-upward trajectory prediction.
Remittix (RTX) token stands out among utility tokens because it addresses practical operative needs, which raises speculation about XRP’s market leadership in cross-border transactions.
The 2024 legal victory between Ripple and the SEC in court brought definitive clarity regarding the non-security status of XRP. The court decision about the XRP classification brought back investor confidence, causing the token price to increase dramatically. The price reached its peak settlement value, after which the momentum decreased steadily.
Although volatile, XRP maintains a trading pattern near $2.09 to $2.17 while experts monitor essential price points. The price will probably experience renewed bullish strength if it breaks through $2.50; however, declining below $2 may trigger ongoing market downturns. The market has conflicting opinions, while charts indicate decision-making difficulty.
The transaction activity levels of XRP have fallen below those witnessed at its peak periods. RippleNet maintains its bank partner base, but the crypto industry now features numerous newer payment-focused protocols.
The XRP price rally creates a dilemma for potential investors who must choose between an expected return of $0.50 or the continued fulfillment of $5 price forecasts which analysts have maintained over the past years.
XRP maintains a quest to recover previous growth, although Remittix (RTX) has emerged as its major market competition. RTX attracts investor interest due to its presale price of $0.0734 and has collected over $14.3 million through successful fundraising before its release.
Remittix develops an ecosystem based on consumer needs that effectively serves individual users as well as freelancers, NGOs and small businesses instead of XRP’s target of institutional pipelines.
The main service of this platform consists of converting cryptocurrency into local currency, which gets deposited directly into any supported banking account instantaneously.
The product provides a smooth transition between blockchain technology and standard banking systems to eliminate international money transfer barriers that many established cryptocurrencies have failed to address.
Analysts view Remittix as an early phase version of Ripple, with the exception that users have instant access since its launch. The market analysts predict that RTX can elevate up to 50x value by 2026, while the crypto sector begins its transition from hype to practical utility.
The destiny of XRP reaching $5 vs. attaining $0.50 first goes beyond Ripple’s roadmap, since market changes are crucial in this scenario. The market transformation found its expression in this trend.
Cryptocurrency investors have begun to abstain from past narrative-based token projects while embracing new ventures that provide validated,quick results.
The new utility token category represented by Remittix is creating a complete transformation of blockchain operational strategies compared to those practiced by XRP and its institutional supporters.
These tokens provide rapid onboarding and emphasize products first, along with regulatory understanding. Current investor needs require stronger market performance than they needed in the past five years.
Analysts do not create this prediction about XRP reaching $0.50 prices simply for speculation. The prolonged correction of either Bitcoin or Ethereum would trigger widespread deterioration throughout the entire altcoin market sector.
XRP remains exposed to negative prospects when it lacks new positive developments. Ripple’s path to reach $5 becomes achievable when it gains more central bank partnerships and expands the adoption of its ODL across underdeveloped areas, following U.S. institutions returning to the market.
XRP continues to occupy an unstable position between the lowest values it formed during previous downturns and its former anticipated peak price of $5. Legally established clarity for Ripple creates some stability for the token, yet it does not shield XRP from the wider market fluctuations.
What determines whether XRP reaches its predicted $5 value before seeing price drop back to $0.50 resides in market sentiment along with execution timing.
The company Remittix develops new technology which is now growing commercially. XRP’s capability to address real-time needs has converted it into an extremely popular pre-sale event of this year. RTX tokens could leap higher than XRP if the latter fails to execute successful consumer-oriented applications.
Join the Remittix (RTX) Community
The post Ripple (XRP) Price Prediction: Which Will Come First for XRP Price — $0.50 or $5, and Why? appeared first on Coinpedia Fintech News
Fresh regulatory changes alongside macroeconomic movements place XRP and its status at the center of Ripple’s market attention. XRP previously exhibited potential to rule global payments, yet it trades between $5 and $0.50 in restricted price ranges as investors execute a down-or-upward trajectory prediction. Remittix (RTX) token stands out among utility tokens because it addresses …