Charles Schwab, one of the world’s largest asset managers with $7.13 trillion under management, is preparing to launch spot crypto trading within the next 12 months. This move signals growing mainstream adoption of digital assets by traditional financial institutions. By entering the crypto space, Schwab aims to meet rising investor demand for easier access to cryptocurrencies. The rollout is expected to make crypto trading more accessible to everyday users through Schwab’s trusted platform. More details are expected in the coming months.
Shiba Inu (SHIB) price is trading higher today, May 7, as the crypto market reacts to the bullish news around the possibility of the US and China reaching a trade deal. This meme coin may be on the verge of even more gains as speculation grows that institutions may turn towards SHIB. In this article, we look at how high Shiba Inu can rally and whether it will reach $0.0001 if CME launches the meme coin’s futures product.
Will CME Launch SHIB Futures?
The CME Group will be launching Ripple (XRP) futures on May 19, in a move that has fuelled speculation about whether SHIB will be next on the trading platform. While Shiba Inu already has a notable presence in the crypto derivatives market with $154M in open interest according to data from Coinglass, its entry into the CME could draw more institutional interest and support price gains.
CME has yet to unveil any plans to launch the product, but the current events in the crypto industry suggest that it may happen. The ongoing flurry of spot ETF filings for different altcoins is driving speculation on whether asset managers will also file for a spot SHIB ETF.
The SEC is already considering the submitted filing for a spot DOGE ETF, and per Bloomberg analysts, Dogecoin has an 80% chance of approval. With the possibility of a meme coin ETF entering the market, the crypto market is awash with expectations that the second-largest meme token, Shiba Inu, will follow.
However, the likelihood of a spot SHIB ETF filing and potential SEC approval remains unlikely, but the top meme coin already has an active derivatives market. This means that it is more likely for SHIB futures to launch before ETFs are filed.
Shiba Inu Price Targets $0.0001 as Bullish Pattern Emerges
Shiba Inu price is on the verge of massive gains as the technical outlook leans towards a bullish trajectory due to the appearance of a double-bottom pattern. This formation has appeared on the monthly chart as SHIB battles to defend support at $0.000010. This support level also doubles as a demand zone where buyers are likely to enter to support an upward trend.
If this altcoin can overcome resistance at the neckline of this double-bottom at $0.000021, it may pave the way for the next bull run and a Shiba Inu price prediction to the target price of $0.000030. Overcoming this resistance will then put the meme coin on the trajectory to reach the prior ATH of $0.000088, after which $0.0001 will be achieved.
SHIB/USDT: 1-Month Chart
Therefore, as speculation grows rife about a potential surge in institutional interest towards SHIB amid an already active derivatives market, CME may launch meme coins futures products. Such a launch may draw institutional demand, and see the Shiba Inu price record notable gains and possibly reach the $0.0001 price target as depicted in the double-bottom formation.
A macroeconomic chart reveals that the M2 Money Supply is starting to rise again. Historical market patterns suggest that there is a correlation between the M2 Money Supply index and the Bitcoin price index. Crypto market watchers are now eyeing a potential all-time high for Bitcoin within this quarter, if historical correlations between M2 and crypto prices hold true. Here is what you should know.
M2 Money Supply on the Rise: What It Means
Analysing M2 is a way economists use to track all the money that is easily available in an economy. M1 is the most basic form of money, which includes cash and checking accounts. M2 is a broader measure, which includes everything in M1 plus savings accounts, money market accounts and certificates of deposit.
A macroeconomic chart, shared on X by renowned crypto analyst Michael van de Poppe, shows that the M2 money supply is starting to rise again.
A sharp rise in the M2 money supply implies that there is a significant increase in the amount of easily accessible money in the economy.
Historical Correlation Between M2 and Bitcoin Prices
Historical market patterns indicate that there is a correlation between the M2 money supply index and the BTC price index.
Last time, while Bitcoin was inching towards an all-time high, the US was preparing to witness a political shift.
It was on January 20, hours before Trump’s inauguration, that the BTC market crossed the crucial $109K mark. Since January 21, the BTC market has declined by over 19.28%.
This crypto analyst also warns that if BTC rises with M2 supply, the global economy could see several unusual developments: decreasing bond yields, falling gold prices, declining dollar index, increasing CNH/USD, and rising altcoins.
The US 5-year Bond Yield sits at 4.021%, 10-year at 4.384%, 20-year at 4.862%, and 30-year at 4.821%. Since the start of this month, especially after the announcement of Trump’s tariffs, all these bond markets have seen steady growth.
Similarly, the Gold Spot market, which is currently priced at $3,222.885, has grown significantly during the period. On April 11, the market even touched an ATH of $3,244.
In conclusion, while a rising M2 supply brings renewed optimism for Bitcoin and the broader crypto market, investors must remain cautious. Correlations can shift and macroeconomic events may change course quickly. As analysts warn of ripple effects across asset classes, it is crucial to monitor the evolving data closely, Whether this is the start of a new rally or a temporary spike, the coming weeks will be decisive for BTC’s direction.
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A macroeconomic chart reveals that the M2 Money Supply is starting to rise again. Historical market patterns suggest that there is a correlation between the M2 Money Supply index and the Bitcoin price index. Crypto market watchers are now eyeing a potential all-time high for Bitcoin within this quarter, if historical correlations between M2 and …
Dogecoin (DOGE) price is gaining attention as large investors have accumulated 150 million DOGE in just 72 hours. This increase in whale holdings suggests growing confidence among investors, which could influence future price movements.
Analysts indicate that this accumulation is a foundation for a rally, with technical patterns suggesting a bullish breakout. Some projections even point to DOGE price reaching as high as $5 if key resistance levels are broken.
Dogecoin Price Prediction: Could $5 Be Next?
Dogecoin price is showing signs of a rally, as technical analysis suggests a bullish continuation pattern forming on the charts. Analysts indicate that DOGE is currently shaping a cup-and-handle formation, a setup often associated with long-term upward momentum. The pattern, which spans multiple years, suggests that Dogecoin price may be in the final stages before a breakout.
The declining trendline, in place since Dogecoin price previous peak in 2021, appears to have been broken, signaling a possible shift in momentum. This rounded base of the cup suggests that accumulation has been taking place over time, with a slight pullback (handle) expected before a strong upward move. If the breakout materializes, analysts anticipate that Dogecoin price could surpass key resistance levels and accelerate toward $5.
More so, most recently, Dogecoin wallet addresses have surged to an all-time high of 83.48 million, reflecting a growing interest in the meme coin. This spike in activity, coupled with whale accumulation, suggests strong bullish momentum.
DOGE Whales Boost Accumulation
Additionally, DOGE whales have purchased 150 million tokens in the past 72 hours, according to data shared by analyst Ali Martinez. Whale accumulation often signals a bullish trend, as large investors position themselves in anticipation of price increases.
The impact of whale accumulation can influence the market, as sustained buying pressure helps establish stronger support levels. If this trend continues, it could reinforce the possibility of a rally, with Dogecoin price potentially pushing beyond its immediate resistance.
Key Resistance Levels to Watch
For Dogecoin price to continue its upward trajectory, it must overcome key resistance levels. Analysts have identified major price targets at $0.75, $1.50, and $2.70. These levels represent potential points of selling pressure, where investors may take profits before the next leg up.
If the top meme coin manages to break through $0.75, momentum could carry the price toward $1.50. A sustained rally beyond this level would increase the likelihood of reaching $2.70. Analysts speculate that continued accumulation by DOGE whales, Dogecoin price could extend its gains toward $5.
At the time of writing, Dogecoin price is $0.20, with a market cap of $29.7 billion and a 24-hour trading volume of $1.75 billion, reflecting heightened market activity.
