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A large XRP transfer caught the crypto market’s attention today. According to Whale Alert, a blockchain tracking service, more than 26.6 million XRP (worth about $58 million) was moved to Coinbase from an unknown wallet by a Ripple whale. XRP Defies Expectations as Ripple Whale Transfer Fails to Trigger Sell-Off This type of transfer often
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The struggling Ethereum price has one key catalyst that may propel it to rocket above the psychological barrier of $2000 and beyond. This catalyst is that the Securities and Exchange Commission (SEC) may soon allow staking in spot ETH ETFs, a move that may attract more inflows from Wall Street investors. This article explores whether ETH price will hit $2k if this approval happens tomorrow.
The SEC, under Gary Gensler, approved several spot ETH ETFs in September last year. These funds have not been as successful as initially expected. Data shows that these funds have only attracted $2.47 billion in assets, bringing the total assets to $6.2 billion.
In contrast, Bitcoin ETFs have attracted over $38 billion in inflows, with BlackRock’s IBIT having $58 billion in assets. Granted, these ETFs are over 8 months older than Ethereum ones, but this trends shows that they may never catch up. This sluggish growth explains why the Ethereum price continues to underperform.
One reason for the underperformance is that Gensler rejected Ethereum ETFs with staking features. This means that ETF holders only make price-related returns. In contrast, Ethereum investors earn an annual return of at least 3%, which is higher than that of many dividend-focused ETFs.
This could change soon under Paul Atkins. The SEC met with Grayscale recently and discussed allowing this staking. Such a move would likely result in increased inflows, leading to a higher ETH price, potentially to $2,000 and above. Indeed, data show that spot Ethereum ETFs have experienced inflows over the last three days. CBOE has already applied for staking in Fidelity’s ETH ETF.
The daily chart reveals that Ethereum price rose from the year-to-date low of $1,376 to the current $1,822. This rebound was notable as the coin jumped above the upper line of the falling wedge chart pattern. A wedge often leads to more gains, especially when the two trendlines are about to converge.
ETH price has jumped above the 25-day Exponential Moving Average, another positive signal. The Relative Strength Index has jumped above the neutral point at 50, and is pointing upwards.
These technicals suggest that the value of ETH will continue to rise as buyers target the crucial level at $2,000. This rebound will be confirmed once it moves from the current consolidation phase. A clear breakout to $2,000 will bring the next ETH price target to $2,140, the lowest level in August last year.
However, a bearish ETH price forecast can be made. Indeed, a Polymarket poll shows that many traders are betting that it will drop to $1,000. Also, the Average Directional Index indicator has tilted downwards, signaling a potential downside.
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Shiba Inu price is surging, sparking speculation of a rally towards the $0.001 milestone in the next 45 days. On March 12, 2025, SHIB climbed an impressive 7% to an intra-day high of $0.0000125 amid a bullish shift in the broader crypto market. With rising mentions and positive macro factors, could this meme coin rebound and surpass market expectations by mid-April? Let’s explore.
Shiba Inu price could be on the verge of a major rebound as macro factors flip bullish. US inflation fell to 2.8%, which is lower than market expectations, fuelling speculations of a possible interest rate cut during next week’s FOMC meeting.
If the Federal Reserve trims rates from the current range of between 4.25% and 4.50%, it could drive a parabolic rally for Shiba Inu price in the next 45 days, and possibly lead to a rally towards $0.001.
A rapid surge in the SHIB burn rate could also drive such a parabolic rally. However, at press time, the burn rate was down 65%, indicative of fewer tokens being removed from the circulating supply.
However, as Shibarium approaches a crucial milestone, this burn rate could surge significantly and lower the total supply, leading to a significant upswing for Shiba Inu price.
Social metrics platform LunarCrush has also noted that meme tokens such as Shiba Inu have seen a significant increase in social mentions. Per the platform, SHIB mentions rose by 4,300, indicating that the market interest is rising, which may help fuel a parabolic price rally.
Shiba Inu price faces key technical barriers on its path to $0.001, with its massive 587 trillion token supply making such a rally highly challenging. If SHIB were to hit this target, it would surpass Ethereum in market cap, becoming the largest altcoin. However, institutional interest remains low, and no SHIB ETF filings. This limits the potential for widespread adoption.
Additionally, current market conditions suggest Shiba Inu price is unlikely to reach $0.001 within the next 45 days. The weekly RSI sits at 37, signaling bearish momentum and oversold conditions. With buying pressure lacking, SHIB faces significant hurdles in achieving sustained gains beyond $0.001.
However, the on-balance volume (OBV) indicator shows a bullish divergence as it remains elevated despite the price drop. This suggests that panic selling is behind the price decline rather than a bearish shift in the market sentiment. This makes it likely for the Shiba Inu price to rally.
Even if buying pressure resumes, a more realistic target for a Shiba Inu price prediction in the next 45 days is the 476.4% Fibonacci level of $0.00039.
To sum up, a Shiba Inu price rally to $0.001 in the next 45 days is unrealistic. However, if the SHIB burn rate were to suddenly increase and institutions show interest in a SHIB ETF, such gains could happen.
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WisdomTree has tipped XRP and Solana (SOL) to spearhead an altcoin resurgence in 2025 as investors turn their gaze outside Bitcoin (BTC). The firm’s report points to impressive use cases and incoming mass institutional adoption for both assets.
After the regulatory milestones achieved by Bitcoin and Ethereum in 2024, WisdomTree says 2025 will see altcoins record similar wins. WisdomTree’s Market Outlook predicts that key jurisdictions will warm up to exchange-traded funds for top altcoins in 2025.
The report specifically mentions XRP and Solana as altcoins expected to receive ETPs in global markets. Analysts at WisdomTree say both assets have demonstrated potential as “institutional-grade investment vehicles.”
For Solana, its capabilities for NFTs, DApps, and DeFi make it a top blockchain in the cryptoverse. On the other hand, XRP is carving a niche for itself in cross-border and global settlements.
“By approving ETPs for assets such as Solana and XRP, regulators would broaden the spectrum of crypto investment opportunities,” read the report.
At the moment, billions in ETF outflows from BTC and ETH have dampened the enthusiasm of investors, triggering interest in new ETPs.
The report highlights Solana’s stablecoin functionalities and XRP Ledger’s near-instant transaction as part of the reasons for ETP approvals. WisdomTree analysts say the approvals open doors to nearly “$300 trillion of managed wealth.”
SOL and XRP made the cut for a US Crypto Strategic Reserve, accentuating their growing institutional influence. The announcement sent asset prices surging to new highs amid whispers of a flippening for Ethereum.
XRP’s case with the SEC is inching toward a dismissal with analysts predicting May as the end to the lawsuit.
Frank Templeton has filed an S-1 with the SEC to launch a Solana spot ETF, fuelling speculation for a fresh rally. Experts say the approval for the Solana ETF will happen in 2025, citing a change in stances by the SEC.
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