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Time to Buy Shiba Inu? SHIB Whale Inflows Surge 2,025%

Monicah WMarch 22, 2025

Shiba Inu Price Prediction 2025 Can SHIB Rebound After Recent Downtrend

The post Time to Buy Shiba Inu? SHIB Whale Inflows Surge 2,025% appeared first on Coinpedia Fintech News

Amid the ongoing bearish market sentiment, Shiba Inu (SHIB), the popular and world’s second-largest meme coin, is gaining immense attention from whales and long-term holders.

Whale Eyes on SHIB

Data from the on-chain analytics firm IntoTheBlock revealed that SHIB has witnessed a significant 2,025% surge in large holder inflows, indicating heightened interest in the meme coin.

This suggests a potential bottom for SHIB, as whales tend to buy in large quantities during significant market corrections. Additionally, this significant jump in large-holder inflows further suggests potential buying opportunities, as exchanges have recently witnessed notable SHIB outflows, indicating that assets are moving from exchanges to cold wallets.

Current Price Momentum

With this massive participation and bullish activity, SHIB has registered an impressive gain of 2.50% in the past 24 hours and is currently trading near $0.00001288. However, during the same period, its trading volume dropped by 22%, indicating lower participation from traders and retail investors compared to the previous day.

This drop in trading volume appears to be due to high volatility, which seems to be causing confusion among traders and investors.

Shiba Inu (SHIB) Technical Analysis and Upcoming Levels

According to expert technical analysis, SHIB’s recent price surge suggests a breakout from a descending trendline that has acted as strong resistance since mid-January 2025. Additionally, the meme coin is currently near a crucial support level of $0.000012. With this recent breakout, the overall sentiment for SHIB appears to be shifting from broader bearishness to bullishness.

Based on recent price action and historical momentum, if SHIB surges and closes a daily or four-hour candle above the $0.0000132 level, there is a strong possibility it could rise by 50% to reach $0.0000203 in the coming days.

As of now, the meme coin is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames, indicating that SHIB is in a downtrend on both longer and shorter time frames.

The post Time to Buy Shiba Inu? SHIB Whale Inflows Surge 2,025% appeared first on Coinpedia Fintech News
Amid the ongoing bearish market sentiment, Shiba Inu (SHIB), the popular and world’s second-largest meme coin, is gaining immense attention from whales and long-term holders. Whale Eyes on SHIB Data from the on-chain analytics firm IntoTheBlock revealed that SHIB has witnessed a significant 2,025% surge in large holder inflows, indicating heightened interest in the meme …

News

Hyperliquid Open Interest Surges to $44 Million As Price Rallies 12%

Monicah WMarch 22, 2025

Hyperliquid’s native crypto token HYPE has recently experienced a significant 40% price decline. However, the altcoin is showing signs of recovery.

Traders have become increasingly bullish on HYPE, with many believing it can regain the losses sustained in the recent downturn. This renewed confidence, supported by positive market movements, has sparked hopes of a price rebound.

Hyperliquid Finds Strong Support

Over the past 24 hours, the Open Interest for Hyperliquid has risen by $44 million, bringing the total to $428 million. This increase follows a recent uptick in price, which added momentum to the ongoing recovery.

The growth in Open Interest suggests that traders are becoming more confident in HYPE’s potential for a price rise. This influx of interest has fueled optimism among investors and traders alike, with many viewing this as a sign of further upside.

As a result, there is a renewed sense of enthusiasm among HYPE enthusiasts, who believe the altcoin is well-positioned to reclaim lost value. This positive sentiment could contribute to continued price growth, particularly as market conditions remain favorable for a recovery.

The overall macro momentum of Hyperliquid has shown significant improvement in recent days. Key technical indicators, such as the Moving Average Convergence Divergence (MACD), reflect a shift from a bearish to a bullish trend this week.

This change marks the end of a month-long bearish crossover and signals the potential for further upward momentum.

As the bullish momentum rises, it provides HYPE with the room needed to continue its recovery. The shift in the MACD reflects a positive shift in market sentiment, suggesting that the altcoin may be in a stronger position moving forward.

HYPE Price Faces Barrier

HYPE’s price is currently trading at $16.10, up by 14% over the last 24 hours. The altcoin is just under the $16.50 resistance level, having already recovered about half of its recent 40% decline. This price movement shows that Hyperliquid has significant upside potential.

Given the current momentum, there is a possibility that HYPE will breach the $16.50 barrier and continue its upward trajectory. If this occurs, the altcoin could move toward $19.16, potentially reaching $20.00 in the near future.

HYPE Price Analysis. Source: TradingView

However, if the $16.50 resistance level proves too strong, HYPE may struggle to maintain its upward momentum. In this case, the price could fall back to $13.44, invalidating the bullish outlook and erasing recent gains.

The post Hyperliquid Open Interest Surges to $44 Million As Price Rallies 12% appeared first on BeInCrypto.

News

Philippines’ Top Digital Wallet GCash Integrates Circle’s USDC Stablecoin

Monicah WMarch 22, 2025

GCash, the Philippines’ leading digital money app, announced support for Circle’s USD Coin (USDC). Users in the country can now hold and transact with the stablecoin.

This marks a major step in integrating stablecoins with everyday transactions in the country.

Circle’s USDC Ventures Into the Philippines Market

Local media revealed the integration, noting that GCash users in the Philippines can buy, hold, and send USDC through GCrypto, the app’s cryptocurrency platform. GCash’s Group Head of Wealth Management, Arjun Varma, says this integration presents a game-changer for financial inclusion in the Philippines.

“By offering easy access to digital dollars, we empower our users with a stable and globally recognized financial asset,” local media reported, citing Varma.

Unlike volatile cryptos like Bitcoin (BTC) and Ethereum (ETH), USDC is a stablecoin pegged to the US dollar. This makes it a more reliable digital asset for payments and savings.

The move is expected to help millions of Filipinos bypass traditional banking infrastructure, which is reportedly slow, expensive, and inaccessible to many.

“Philippines payments are absolutely horrible. Some of the worst rails and ramps in the world,” one user remarked.

With USDC reserves held at regulated financial institutions, they undergo regular third-party attestations to ensure transparency. Circle CEO Jeremy Allaire highlighted the scale of this expansion, citing an opportunity for growth in the firm’s stablecoin network.

“The largest and most widely used digital money app in the Philippines, GCash, just announced support for USDC in their mobile wallet. Another ~100m users being brought into Circle’s stablecoin network,” he expressed.

Meanwhile, this move signals Circle’s outward expansion as competition in the stablecoin market intensifies. Major traditional finance institutions, including the Bank of America (BoA), are now eyeing stablecoin adoption.

This poses competition for stablecoin issuers like Tether and Circle as established banks look to enter the space with their stablecoin offerings. As financial giants move in, fintech companies like GCash offer themselves as potential avenues for expansion to stablecoin issuers.

“GCash’s USDC move puts a global digital dollar in 100 million Filipino hands. Stablecoins might just leapfrog banks in places like this,” another user added.

Despite the optimism, transparency remains a significant concern for stablecoin adoption. While the blockchain’s openness is great for security and trust, it is not always ideal for everyday payments.

“Crypto payments failed for one small reason that needs fixing: When sending USDC, let the recipient see the transaction but not your address. Nobody wants to reveal their wallet for a 10 USDC beer payment,” DeFi researcher Ignas said recently.

While GCash’s USDC integration offers convenience, calls for stablecoin transparency, like revealing wallet addresses for USDC transactions, may deter adoption even for Philippine users.

Still, GCash’s move reflects a broader trend of digital wallets embracing blockchain-based finance.

The post Philippines’ Top Digital Wallet GCash Integrates Circle’s USDC Stablecoin appeared first on BeInCrypto.

News

Pi Network Community Is Developing PiDaoSwap to Stop Price Manipulation

Monicah WMarch 22, 2025

The Pi Network community is taking a significant step toward financial independence, developing its decentralized exchange (DEX), PiDaoSwap.

According to social media reports, the initiative will aim to curb alleged price manipulation by external exchanges.

PiDaoSwap to Launch on the Pi Network Ecosystem

Reportedly, PiDaoSwap is in the final stages of launching a multi-functional DEX on the Pi Network mainnet. The platform will ensure that the PI coin price reflects the actual market value of the token rather than being distorted by third-party platforms.

The announcement cited price manipulation by outside entities, a malpractice that impedes Pi Network’s growth and development.

“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.

Pi Network VietNames is a community-driven profile that shares updates, opinions, and news about Pi Network.

Although in the final stages of development, PiDaoSwap specified that it was awaiting Know Your Business (KYB) approval from the Pi core team before launching.

For now, the prospective platform has secured Twitter’s organizational verification, signaling progress in its development.

Meanwhile, Pi Network’s imminent PiDaoSwap launch comes amid escalating frustrations within the PI community. Certain platforms reportedly use bots to alter Pi’s valuation artificially, affecting community sentiment.

Similarly, there are also allegations of fake price listings by external exchanges.

A recent BeInCrypto report echoes this sentiment amid allegations of bot activity on CoinMarketCap. This fueled skepticism about centralized price tracking mechanisms on the platform.

According to Pi Network VietNames, these manipulations have severely impacted the project’s credibility and adoption.

Meanwhile, Binance remains evasive when listing Pi coins. Despite community support, Pi Coin’s Binance listing decision remains unresolved, leading to frustration among fans.

pi network price — PI Weekly Price Chart. Source: BeInCrypto

Restrictions on Using Pi-Related Branding

Meanwhile, other concerns emerge regarding restrictions on using “Pi-related” branding. These are related to the intellectual property (IP) and trademark policies outlined by the Pi Network.

“As a community-driven ecosystem project under PIDao, with DAO as our core focus, would this still be prohibited? Or do we need to modify our project name and domain accordingly,” PiDaoSwap wrote.

Pi Network’s official documentation prohibits using “Pi-related” branding without approval. Therefore, this suggests modifications could be necessary before the prospected PiDaoSwap debuts.

Meanwhile, PI fell below $1 on Saturday, down by over 30% in the past week.

The post Pi Network Community Is Developing PiDaoSwap to Stop Price Manipulation appeared first on BeInCrypto.

News

PancakeSwap (CAKE) Open Interest Grows 326% As Price Nears $3

Monicah WMarch 22, 2025

PancakeSwap (CAKE) has experienced a notable recovery recently, surging by 55% over the past week. This sharp rise has reversed the significant losses seen in late February, with the altcoin now trading at $2.68.

As the price has soared, traders and investors have become increasingly bullish, prompting a surge in trading activity and increased optimism for future price movements.

PancakeSwap Notes Surge In Whale Activity

In the past four days, whale addresses have accumulated 25 million CAKE tokens worth approximately $69 million. This massive accumulation follows a 50% surge in price over the past week, further fueling the positive market sentiment.

The increase in whale activity indicates strong confidence in PancakeSwap’s future prospects, suggesting that large investors expect further gains for the crypto coin.

The bullish sentiment is not just confined to the spot market. Whales’ actions have had a ripple effect, contributing to a broader market uptrend.

As the price continues to rise, the influence of these larger traders could drive additional interest from smaller investors, helping to maintain the upward momentum.

PancakeSwap Whale Accumulation. Source: Santiment

The overall macro momentum of PancakeSwap has shown a clear shift in favor of bullish market sentiment. One key indicator of this is the significant growth in Open Interest, which surged by 326% over the past week.

From $23 million to $98 million, this increase highlights that traders are increasingly betting on future price rises, particularly through long contracts in the Futures market.

The rise in Open Interest shows that the market is confident in the spot price and is also positioning for continued growth in the coming weeks.

This increased activity in Futures contracts suggests that traders are preparing for further upward price action, supporting the case for additional gains in CAKE’s price.

PancakeSwap Open Interest. Source: Coinglass

CAKE Price Nears Critical Resistance

CAKE has seen a remarkable 81% price increase over the last ten days, bringing its price to $2.67. In doing so, the altcoin has successfully erased the 47% losses it experienced in late February. The rapid price recovery suggests that there is significant momentum behind the asset.

Currently, PancakeSwap faces a resistance level of $2.85, which has not been established as support since early 2025. If the momentum persists, CAKE could break through this barrier and potentially surpass $3.00.

A successful breach of this level would suggest that the altcoin is poised for further growth.

CAKE Price Analysis. Source: TradingView

However, if CAKE fails to break through the $2.85 resistance, it could retreat to $2.30. Such a drop would erase recent gains and invalidate the bullish outlook, possibly signaling a temporary halt in the recovery trend.

The post PancakeSwap (CAKE) Open Interest Grows 326% As Price Nears $3 appeared first on BeInCrypto.

News

Solana Price Failing To Cross $135 As SOL Circulation Dips to 5-Month Low

Monicah WMarch 22, 2025

Solana (SOL) has struggled to maintain upward momentum in recent weeks. Although the cryptocurrency showed signs of an uptrend, it is now facing challenges due to declining demand for SOL.

The market environment is also deteriorating, which is contributing to the struggles. At $129, Solana is stalled below the key $135 barrier. There is no clear indication of a breakout in sight.

Solana Struggles To Find Demand

The Velocity of Solana has fallen to a 5-month low, signaling weakening demand. Velocity measures the rate at which an asset is circulated within the market. Solana’s current circulation levels are on par with those seen in October 2024, a clear indicator that the cryptocurrency is losing traction.

The drop in Velocity suggests that fewer investors are actively trading SOL, further adding to the bearish sentiment surrounding the token. This lack of demand makes a recovery increasingly difficult, as it implies that traders are hesitant to enter the market.

The ongoing low demand for SOL further confirms a bearish outlook. Many investors are likely waiting for a more favorable environment before committing to new positions, which could delay any potential recovery as the token struggles to attract fresh capital.

Analyzing the 2-week Market Value to Realized Value (MVRV) Ratio, a key metric that tracks the average profit or loss of recent buyers, reveals that the ratio is currently below the zero line. This suggests that investors who purchased SOL within the last two weeks are now facing losses.

This situation could lead to one of two scenarios: either investors hold their positions, hoping for a price recovery, or they sell to cut their losses.

If the latter occurs, increased selling pressure could push the price lower and potentially invalidate any attempts at recovery. In this scenario, the market would likely remain bearish until sentiment shifts.

SOL Price Is Struggling

Solana is currently trading at $130, struggling to break through the critical $135 resistance. While there has been a short-term uptrend, the likelihood of SOL breaching this level seems low. This suggests that the price could remain range-bound for the near future.

The combination of low demand and weak market sentiment points toward a potential decline. Solana may fall through its uptrend support line, with the next significant support levels lying at $125 and potentially $118.

This scenario would delay any recovery, pushing the token further into a bearish trend.

SOL Price Analysis. Source: TradingView.

On the other hand, if Solana manages to break through the $135 resistance, the altcoin’s price push toward $148. A sustained move above this level could propel SOL to $150, invalidating the bearish outlook.

The post Solana Price Failing To Cross $135 As SOL Circulation Dips to 5-Month Low appeared first on BeInCrypto.

22,000 Bitcoin Options Expiry: What’s Next for BTC Price As Bitcoin ETF Inflows Resume?

Monicah WMarch 21, 2025

22,000 Bitcoin Options Expiry: What’s Next for BTC Price As Bitcoin ETF Inflows Resume?

A total of 22,000 Bitcoin options contracts will expire today with overall market activity remaining subdued as BTC price oscillates in a tight range between $82,000-$84,000. Amid tightening volatilities, traders have been ramping up selling activity recently. Analysts are predicting a BTC move either to $44,000 or to $112,000 based on macro conditions and other factors. another positive indicator is that Bitcoin ETF inflows have resumed once again with BlackRock’s IBIT leading the show.

22,000 Bitcoin Options to Expire Amid Flat Market Conditions

A total of 22,000 Bitcoin (BTC) options, with a Put/Call ratio of 0.84, are set to expire, carrying a notional value of $1.83 billion and a max pain point of $85,000, as per the data from Deribit.

Over the last week, the crypto market saw subdued market activity with the total number of option deliveries dropping by nearly 50%. Furthermore, short-term implied volatility (IV) saw a sharp decline, falling below 50% across the board for BTC, ahead of today’s Bitcoin options expiry.

Data shows that institutional options market makers are ramping up selling activity while tightening implied volatilities. This signals the expectations of a short-term sideways movement for Bitcoin ahead.

Where’s BTC Price Heading Next?

BTC price has struggled to break past the $84,000 resistance despite the recent initial thrust after the FOMC meeting. This shows that bulls have not mustered enough strength for a rally ahead. As the impact of the Trump tariff war on the US equity market intensifies, President Donald Trump has asked the US Federal Reserve to announce rate cuts soon.

Crypto market veterans like Arthur Hayes expect the Fed rate cuts to come by April which could push the Bitcoin price even higher. Crypto analyst Ali Martinez has outlined pivotal support and resistance levels for Bitcoin (BTC) using pricing bands. He noted:

A break and hold above $94,000 could propel Bitcoin toward a surge to $112,000.
Conversely, a drop below $76,000 would place the next critical support levels at $58,000 and $44,000.

22,000 Bitcoin Options Expiry: What’s Next for BTC Price As Bitcoin ETF Inflows Resume? — Source: Ali Martinez

BTC’s daily trading volume has dropped by 31% to $25 billion ahead of today’s Bitcoin options expiry. It will be interesting to see whether BTC resumes the uptrend in the near time.

Bitcoin ETF Inflows Resume Again

US Bitcoin ETFs have recorded five consecutive sessions of inflows. On Thursday, March 20, Bitcoin spot ETFs recorded a total net inflow of $166 million, signaling growing investor interest in the market. BlackRock’s IBIT led the surge, achieving the highest single-day net inflow among Bitcoin spot ETFs at $172 million, as per data from Farside Investors.

The post 22,000 Bitcoin Options Expiry: What’s Next for BTC Price As Bitcoin ETF Inflows Resume? appeared first on CoinGape.

Can Ethereum Price Bounce As Whale Buys $270M ETH?

Monicah WMarch 21, 2025

Can Ethereum Price Bounce As Whale Buys $270M ETH?

Ethereum (ETH) price continues to struggle after a 7% move on Wednesday followed by a near-4% pullback. As of March 21, ETH price trades today at $1,985, with hopes of recovery as a whale buys $242 million worth of ether.

Let’s explore Ethereum price prediction and if ETH’s value will bounce from here.

Is Ethereum Price Bounce Likely as Whale Scoops $242M ETH?

Although the sentiment surrounding Ethereum has been bearish, the recent 7% rally in price on Wednesday indicates that the outlook is changing. Considering that one whale accumulated 150 million ETH worth roughly $270 million. This move indicates that high networth investors or institutions are bullish on the second largest cryptocurrency in the world.

Ethereum whale bought $242,000,000 $ETH. pic.twitter.com/gdokpgUO8D

— Ted (@TedPillows) March 20, 2025

Such bold ETH accumulation from long-term investors often signals strength and is followed a bullish reversal.

According to data from Santiment, the daily active addresses that peaked at 717K on January 25, slipped to 367K as of March 17, signaling lack of interest from investors. However, in the past four days this metric has spiked to 463K, noting a 26% uptick, indicating growing interest after Wednesday’s minor rally.

Can Ethereum Price Bounce As Whale Buys $270M ETH? — ETH DAA

Both the whale accumulation and comeback in Ethereum’s daily active addresses point to a renewed investor interest in ETH at current price levels. Hence, a bounce here is likely what’s next.

Other Catalysts That Support ETH Price Rally

Robert Mitchnick, head of digital assets at BlackRock, said the negativity around ETH is “overdone.” The world’s largest asset manager also noted how spot Ethereum ETFs are incomplete without staking. If institutional staking is approved, it could further catalyze capital inflow into ETH ETFs.

Elaborating more on the capital flow shows that investors are bridging their funds back to Ethereum after exploring Binance’s BNB chain and Solana based on Debridge data. To be precise, $97M from BNB has flowed into ETH. Roughly $86M, $46M and $30M capital has rotated from Solana (SOL), Arbitrum (ARB) and Base chains to ETH.

Ethereum Capital Inflow From SOL, BNB, ARB

Overall, the outlook of Ethereum price and its ecosystem are looking bullish with both fundamentals and technical outlook supporting a recovery bounce.

The post Can Ethereum Price Bounce As Whale Buys $270M ETH? appeared first on CoinGape.

4 Crypto Tokens to Hold as Global Liquidity Pumps

Monicah WMarch 21, 2025

4 Crypto Tokens to Hold as Global Liquidity Pumps

The cryptocurrency market exhibits stability following its recent market rise. Bitcoin currently trades for $84k while Ethereum holds at $1,900, so investors seek tokens capable of capitalizing on this worldwide liquidity. Among the 4 crypto tokens to hold stand as top performers because of their robust liquidity qualities and stable trajectory. These assets have strong growth potential because market participants look for recovery.

Top Crypto Tokens To Hold As Global Liquidity Soar

Global liquidity refers to the total money supply and financial resources in the global economy. Global liquidity cycles show a fast-rising trend, which indicates a crucial economic transformation among developed nations. CrossBorderCapital data reveals a sudden rise which shows possible economic transformations set to affect financial market operations during 2025. Amid this let’s uncover these top 4 crypto tokens to watch for massive surges as the liquidity surges. Among the coins are BTC, SHIB, XRP, and TRX.

GLOBAL LIQUIDITY IS PUMPING pic.twitter.com/cJtZna6JdK

— Quinten | 048.eth (@QuintenFrancois) March 19, 2025

Bitcoin (BTC)

Bitcoin maintains a price point of $84,000 as it experiences faint downward movement during the last day. The price of BTC remains close to its support level after its previous-day increase following the recent FOMC meeting.

The Bitcoin market has shown excellent performance this year after a temporary decline because worldwide liquidity continues to grow while keeping its status among the leading Crypto Tokens to Hold.

The crypto analyst suggests BTC will keep its momentum if it maintains a position above the critical support level of $86,413. The support level at $86,413 could enable BTC to build momentum for new highs in its price. The upcoming target stands at $130,631.14 as it reinforces a bullish trend outlook.

Shiba Inu (SHIB)

The Shiba Inu (SHIB) price maintains its position above $0.000012 support but bulls try to restore upward price movement. The price of SHIB may experience a substantial increase as bullish pressure fortifies making it among the top crypto tokens to watch.

Both the Shiba Inu burn approach, and the SHIB network and other meme tokens increase excitement about this token. The 1D analysis by crypto analysts indicates SHIB’s potential bullish breakout because the token is breaking free from the falling wedge pattern.

(Ripple) XRP

The XRP price demonstrated a 300% growth throughout the previous year which led it to become one of the most successful altcoin performers. The current value of XRP stands at $2.40, and its price has declined by 3% throughout the past day. The crypto market continues to monitor XRP as one of its leading crypto coins top watch.

Active digital addresses on the XRP network have risen sharply to almost 627,000 during this period which stands as the most since April 2023. The growing XRP ecosystem participation has caused this surge in network activity resulting in higher prospects of upward price movements because market sentiment is strengthening.

TRON (TRX)

TRON (TRX) experienced a minimal price increase to reach the $0.2338 level in the market on March 21, 2025. TRON (TRX) price currently operates in a price range between $0.22 and $0.25.

MACD lines demonstrate neutral market conditions because they display minimal separation from each other. If the bullish trend continues, the TRX price could rally up to $0.25 this week.

4 Crypto Tokens to Hold as Global Liquidity Pumps — Source: TradingView

Final Thoughts

Conclusion: As Global liquidity continues to pump. The above 4 crypto tokens to hold; DOGE, XRP, SOL, and PI could offer the prospect of growth and stability amid market fluctuation.

The post 4 Crypto Tokens to Hold as Global Liquidity Pumps appeared first on CoinGape.

How Much Will 1 XRP Price Be Worth If Its Market Cap Equaled Ethereum’s?

Monicah WMarch 21, 2025

How Much Will 1 XRP Price Be Worth If Its Market Cap Equaled Ethereum's?

Ripple (XRP) price has performed better than Ethereum since November 2024. Tradingview data shows that the XRP/ETH ratio has climbed to 0.00121, which is the highest level since March 2020. With XRP being the second-largest altcoin, will these gains continue and push Ripple’s market cap past Ethereum’s current $237 billion market cap? Let’s explore.

How Much Will XRP Price Be If Its Market Cap Equaled Ethereum’s

XRP has a market cap of $138 billion which is nearly 50% the market cap of Ethereum. Ripple also has a circulating supply of 58.12 billion coins.

If XRP price recorded a parabolic rally and its market cap equaled that of Ethereum while the circulating supply remained constant, Ripple would be worth $4.08.

Additionally, Ethereum’s all-time high market cap was $571 billion posted in November 2021. In case of a bull market, where both Ethereum and XRP price rally, Ripple would have to reach $9.82 to equal ETH’s all-time high market cap.

This means that in a bear market, XRP would have to reach $4.08 to flip Ethereum while in a bull market, Ripple would be worth nearly $10 to equal Ethereum’s record high market cap of $571 billion.

However, it is important to note that XRP’s maximum supply is 100 billion tokens. In 2017, Ripple changed XRP tokenomics and placed 55 billion XRP in escrow. If Ripple released the entire supply of 100 billion tokens, XRP would be worth between $2.40 and $5.71 to equal Ethereum’s market cap.

Bullish Catalysts That Would Drive XRP Price Rally

It is possible for XRP to equal Ethereum’s market cap because of several catalysts that will support an uptrend. The first is rising institutional interest. The recently launched spot XRP futures by Bitnomial and the pending approval of spot XRP ETFs could drive massive gains toward the $4 to $10 price target.

Former Fox reporter Eleanor Terrett has also confirmed that Trump’s pick for SEC Chair, Paul Atkins, will appear before the US banking committee for his nomination hearing. The XRP community anticipates that Atkin’s confirmation will see the SEC formally issue a statement confirming the end of Ripple’s case.

High institutional demand and a formal end of this case are the main catalysts that will cause XRP price to equal Ethereum’s market cap.

XRP/ETH Technical Analysis

XRP/ETH has been rising since forming a golden cross in January this year. This ratio will continue to rise as Ripple draws institutional interest when demand for Ethereum has faded with more than two weeks of consistent outflows from ETH ETFs.

XRP is attracting massive attention from both retail and institutional traders compared to Ethereum. If this progressed, the XRP/ETH ratio could increase to the 261.8% Fibonacci level of 0.00316. This will push it towards its all-time high of 0.00503.

In conclusion, for XRP price to attain the same market as Ethereum, it will have to rally to between $4 and $10. However, this outlook is based on XRP continuing to outperform Ethereum in the coming years.

The post How Much Will 1 XRP Price Be Worth If Its Market Cap Equaled Ethereum’s? appeared first on CoinGape.