Shiba Inu’s Price Mirrors Past Fractal: Why Analysts Say This Could Be a Perfect Entry Point
Shiba Inu (SHIB) is showing signs of repeating a familiar bullish pattern, and multiple analysts believe it could be setting the stage for another explosive rally. As the second-largest meme coin by market cap continues its upward momentum, analysts point to fractal similarities from its 2021 surge that could indicate a future breakout. With SHIB still far below its all-time high, some argue this is a strategic accumulation zone. Analyst Sees Major Upside Potential From a Fractal Pattern Technical analyst “SABoikie” shared a TradingView commentary this week, pointing out that SHIB might be recreating a historical price structure. He drew attention to a fractal pattern from 2021, during which SHIB broke out from a wedge formation and rallied massively to its all-time high of $0.00008854. Now, with SHIB consolidating under a descending trendline, SABoikie suggests a similar breakout could take place. If SHIB successfully mirrors its previous cycle, the token could surge over 600% to retest the same long-term ascending resistance line, a level now sitting above $0.00010. Market Momentum Builds Amid Broader Crypto Rebound Shiba Inu has climbed nearly 15% this week, riding a wave of bullish sentiment that has lifted much of the cryptocurrency market. As of today, SHIB is logging its eighth straight green candle, a sign of growing strength and investor confidence. Despite this rally, the current price remains well below both the yearly high and all-time high, leading analysts like SABoikie to see the current zone as undervalued. He views this as a “good buy” opportunity, even in the face of nearby resistance, because of the potential for long-term gains should the fractal repeat. Price Faces Resistance — But a Breakout Could Trigger Consolidation Currently, SHIB is trading beneath a descending supply trendline that formed after the early December 2024 peak at $0.00003343. As it inches closer to the tip of this supply zone, the battle between bulls and bears intensifies. SABoikie highlights $0.000014 as a crucial level. If SHIB can close above this price, it would likely trigger a consolidation phase, a healthy structure that often precedes upward expansion. His chart indicates that this consolidation could evolve into a breakout targeting the long-term ascending resistance line above $0.00010. More Analysts Echo Bullish Sentiment Other respected analysts are backing this projection. Commentator “illagodzilla” has set a price target of $0.000173 for SHIB, while “Cap. Parabolic Turbulence” anticipates a surge beyond the $0.00010 mark. Their predictions align with the fractal-based roadmap presented by SABoikie, reinforcing confidence in SHIB’s upward potential. Related article: Loaded Spring: 13.7 Trillion SHIB Tokens Could Soon Trigger Major Price Shift Analyst Lingrid Eyes $0.000015 as Next Key Level Further strengthening the bullish case, analyst “Lingrid” released an analysis on Wednesday, noting positive price developments for SHIB. She emphasized that the memecoin recently bounced from a double-bottom formation near $0.00001028 and now trades within an ascending wedge. According to Lingrid, SHIB retested and held firm at $0.00001250, then broke above $0.00001313, a critical support level. With momentum building, she predicts that the token is on track to retest March’s high, with $0.000015 serving as the next logical resistance point. Though Shiba Inu faces significant resistance levels in the near term, analysts agree that its current price offers a compelling opportunity. If the historical fractal pattern unfolds as anticipated, SHIB could be on the verge of a decisive breakout, one that may propel it past $0.00010 and beyond.
Mango Network Eyes Q2 2025 for Mainnet Launch and MGO Token Listing
Mango Network, a promising new blockchain project, has attracted attention for its high-speed performance and innovative architecture. Yet, despite the excitement, one pressing question remains: When will Mango Network’s MGO token officially list? MGO Listing: Expected Timeline and Delays As of now, Mango Network has not announced an official listing date for the MGO token. However, based on project developments and community discussions, many expect the token to debut in Q2 2025, possibly around June. Originally, the team aimed to complete the Token Generation Event (TGE) and listing within the first quarter of 2025. Unexpected technical issues forced them to adjust their timeline, leading to delays. Despite the setbacks, the community remains hopeful that Mango Network will meet its new target launch window. Notably, the team has yet to release detailed information about tokenomics, specific exchange partnerships, or an exact mainnet deployment date. Comparing Mango’s journey to other blockchain projects like Pi Network and Blum, which also faced delays, it would not be surprising if additional time is needed before everything is finalized. Testnet Odyssey Completed: Mainnet on the Horizon Mango Network successfully launched its testnet, called “Testnet Odyssey,” on December 31, 2024. The test phase lasted for 45 days, officially concluding on February 14, 2025. After the testnet ended, developers shifted their focus toward preparing the mainnet — the final and operational version of the platform. Updates from the project’s official social channels suggest that, despite challenges, the team continues to make progress toward completing the mainnet and ensuring a stable platform before moving forward with the MGO listing. What Makes Mango Network Unique? Mango Network’s roadmap outlines a series of significant milestones, including: What truly sets Mango Network apart is its impressive technology stack. The platform boasts the capability to process up to 297,450 transactions per second (TPS), a staggering figure that supports high-demand sectors such as DeFi, GameFi, and enterprise applications. Related article: Furthermore, Mango Network features an Omni-Chain architecture, enabling seamless interoperability across multiple blockchains. Users can operate across ecosystems like Ethereum Virtual Machine (EVM) and Move Virtual Machine (MoveVM) using a single gas token, simplifying transactions. Built with the Move programming language, Mango emphasises security at its core. Move’s resource-based logic and added safeguards reduce the risk of vulnerabilities, making it harder for hackers to exploit the network. Lastly, Mango Network’s modular blockchain design empowers developers to customise various components based on project needs, providing both flexibility and enhanced system resilience. Final Thoughts While Mango Network has not yet confirmed an official MGO listing date, community sentiment and project timelines suggest that June 2025 could mark a major milestone. With its advanced technical framework and modular approach, Mango positions itself as a blockchain contender ready to support next-generation applications. As anticipation builds, all eyes now turn toward the upcoming mainnet launch — the final hurdle before Mango Network steps fully into the spotlight.
Loaded Spring: 13.7 Trillion SHIB Tokens Could Soon Trigger Major Price Shift
Shiba Inu (SHIB) appears to be entering a highly sensitive phase, as both technical indicators and on-chain analytics highlight a massive buildup of tokens that could soon come into play. With 13.7 trillion SHIB tokens currently hovering near their break-even price of $0.000012, the market is teetering on the edge of a significant move, either a strong breakout or a steep retracement. 13.7 Trillion SHIB Near Activation Point Data from IntoTheBlock and other on-chain trackers show that a large cluster of holders, roughly 21,900 addresses, currently hold 12.57 trillion SHIB at exactly the $0.000012 mark. These holders are now “at the money,” meaning any slight price increase could prompt them to exit their positions, flooding the market with tokens and amplifying sell-side pressure. Additionally, when factoring in nearby addresses at the same level, the total swells to 13.7 trillion SHIB, a figure that acts like a compressed spring, ready to react once triggered by price movement or sentiment shifts. Low Volume and Neutral RSI Reflect Market Indecision Despite the looming potential, daily trading volume remains relatively flat, showing no significant surge in institutional or retail interest. Furthermore, the Relative Strength Index (RSI) sits near the neutral zone, reinforcing the idea that the market currently lacks strong conviction in either direction. However, this calm could be deceptive. Historically, such low-volume periods often precede sharp moves, especially when large token pools hover near break-even prices. Another concerning signal emerges from the Break-Even Price distribution, which shows that approximately 398,000 addresses, holding close to 676 trillion SHIB tokens, remain deep underwater. In fact, 83% of current SHIB holders are Out of the Money, meaning they’re holding at a loss. Should the price push above the $0.000012 to $0.000013 range, it could either trigger profit-taking from the break-even group or deeper capitulation if buyers fail to hold support. In short, how the price reacts around this cluster will likely define SHIB’s next major trend. Related article: Shiba Inu Developer Cites Regulatory Hurdles for SHI Stablecoin Launch Delay Breakout or Breakdown? The Next Few Days Are Crucial For Shiba Inu to regain bullish momentum, the token must break above the $0.000012–$0.000013 resistance zone with high volume. This would allow SHIB to distance itself from the psychological weight of trapped holders and potentially ignite a fresh rally. However, if buying pressure remains weak, the token risks rejection at this level. That could send SHIB spiraling down to support around $0.00001050 or even lower, especially if those near break-even begin to panic sell. The fate of SHIB in the short term lies in how the market digests the pressure from this 13.7 trillion token cluster. Whether it unleashes a rally or sparks a pullback will depend on trader sentiment, volume confirmation, and how much conviction exists among bulls and bears alike.
Charles Hoskinson Reflects on Cardano’s Full Decentralization Before Embarking on High-Risk Journey
Cardano has officially reached full decentralization, and its founder, Charles Hoskinson, couldn’t be prouder. In a weekend livestream titled “See You on the Other Side,” Hoskinson reflected on what he called the culmination of his life’s work, transforming Cardano into a fully autonomous blockchain ecosystem. Speaking from his home shortly after a trip to Paris, Hoskinson didn’t just look back at past achievements. He also hinted at a bold new chapter in his life, one that involves a journey he described as “dangerous,” with life-threatening potential. But before setting out, he chose to speak directly to the Cardano community, highlighting the gravity of Cardano’s latest milestone. Voltaire Governance Marks the Shift Hoskinson credited the transition to full decentralization to Cardano’s Voltaire governance era, which began in Q3 2024. Under this framework, the project moved from a centralized development model to one that empowers its global community. Central to this shift was the introduction of a new on-chain constitution. Validated through a formal ratification process and supported by a constitutional convention, the new document laid the foundation for Cardano’s decentralized future. Hoskinson emphasized how these elements together form a governance model capable of enduring long-term, independent of any individual or organization including himself. Community Takes Control Through DREs As part of the new system, nearly 1,000 Delegated Representative Entities (DREs) have registered within the Cardano network. These DREs now carry the responsibility of steering Cardano’s decision-making processes. According to Hoskinson, this broad and distributed governance model ensures that no single party holds control over the project’s direction. He expressed confidence that the Cardano community, equipped with this power, can navigate the project’s future successfully. The framework enables holders and stakeholders to engage in direct decision-making, turning Cardano into what Hoskinson described as a “truly decentralized” protocol. Hoskinson Declares Cardano Free of Centralization In no uncertain terms, Hoskinson declared that he and his team at IOG (Input Output Global) have removed every remaining vestige of centralization from Cardano. For a space where decentralization is often more of a promise than a reality, this development stands out. He went on to compare Cardano’s resilience and design philosophy to that of Bitcoin, built to survive time, pressure, and evolving market dynamics. According to Hoskinson, these features aren’t just technical accomplishments; they reflect years of philosophical and architectural effort. “This is my life’s work,” he stated with pride. A Mysterious and Dangerous Expedition Ahead However, Hoskinson didn’t end the livestream on a celebratory note alone. He revealed plans to embark on a high-risk journey to an undisclosed location. While he didn’t share many details, he mentioned the potential dangers, even going so far as to acknowledge the possibility of not returning. “I wanted to do this livestream just in case I don’t make it back,” he said candidly, underscoring the seriousness of the trip. While the nature of the mission remains unclear, his tone suggested both personal fulfillment and closure. Related article: Cardano “Fast as Hell” – Alex Becker Tips ADA for $5 in Upcoming Bull Run Legacy and Future Beyond the Founder Despite the risks ahead, Hoskinson appeared content with the progress Cardano has made. He reiterated his belief that the protocol no longer depends on him or any centralized entity. Instead, its community now holds the reins. In his final remarks, Hoskinson expressed hope that Cardano’s decentralization journey will continue to evolve and inspire, regardless of what happens next. For him, the platform’s ability to thrive independently proves that the vision he championed has become a reality. Cardano’s community will now have to prove that this decentralized future can function as envisioned, without the founder’s direct guidance. If history is any indication, the protocol is more than ready to stand on its own.
160 Billion SHIB Inflows Stir Speculation: Are Whales Signaling a Shiba Inu Revival?
Shiba Inu (SHIB) has found its way back into the crypto spotlight, but not due to a dramatic price rally. Instead, whale movements are making waves. Over the last 48 hours, SHIB has witnessed a staggering inflow of 160 billion tokens, 80 billion each day. This sudden uptick has ignited speculation across the market. Could whales be responding to insider signals that the rest of the market has yet to notice? Positive Netflows Suggest Whale Confidence Data from IntoTheBlock highlights a clear shift in whale behavior. After weeks of flat or neutral activity, large holders are now actively accumulating SHIB. Netflows, which had hovered near zero, have suddenly jumped to over 80 billion SHIB daily. This change is significant. Although long-term metrics, such as the seven, thirty, and ninety-day netflows, remain in negative territory, this recent surge introduces a possible inflection point in the short term. The timing of this movement raises eyebrows. Why now? While the broader meme coin sector remains sluggish, and SHIB’s fundamentals have not drastically improved, whales appear to be moving ahead of the curve. Historically, such large-scale accumulation has often preceded notable price actions. SHIB Price Holds Strong Amid Market Weakness Despite the lack of major catalysts, SHIB’s price shows resilience. At the time of writing, the token is trading around $0.000012, clinging to short-term support and actively testing resistance at the 50-day Exponential Moving Average (EMA). This level has served as a technical battleground, and SHIB’s ability to maintain this range speaks volumes. However, SHIB continues to trade below the more significant 100 and 200 EMAs. This positioning suggests that while there’s early bullish sentiment, SHIB has substantial ground to cover before entering a stronger technical posture. Until it climbs past these longer-term resistance zones, any breakout remains tentative. Retail Traders Quietly Join the Movement Interestingly, the recent inflows aren’t limited to whales. On-chain data also shows an increase in the number of midsized wallet holders—specifically those holding between 100,000 and one million SHIB. This subtle trend hints that opportunistic retail investors may be following whale activity, hoping to capitalize on a potential price movement. Still, the broader SHIB ecosystem hasn’t delivered significant innovation or development updates in recent weeks. This stagnancy in project fundamentals adds a layer of caution. Without tangible progress or utility enhancements, SHIB’s price movements rely heavily on sentiment and speculative behavior. Related article: Shiba Inu Developer Cites Regulatory Hurdles for SHI Stablecoin Launch Delay Could This Be the Start of a New Rally? While it’s too early to call this a full-fledged recovery, the signs are worth watching. Whale activity often sets the stage for broader market reactions, and the current pattern echoes similar periods of accumulation seen in SHIB’s history. If this momentum continues and translates into price growth, the market may witness a shift in sentiment. Until then, SHIB’s future hinges on how long whales keep their interest and whether retail traders continue to follow their lead. For now, SHIB is back in the headlines, not for hype or partnerships, but for the quiet yet bold moves of deep-pocketed investors. The coming days will reveal whether this is just a temporary uptick, or the beginning of something more substantial.
Dogecoin Could Rally 364% to $0.67, Top Analyst Predicts
Despite recent volatility, a prominent TradingView analyst believes Dogecoin (DOGE) could be on the verge of a massive 364% surge, projecting a long-term price target of $0.67. The forecast comes as technical indicators point to a possible inflection point, even as short-term performance remains mixed. Dogecoin saw a sharp decline from April 5 to April 7, bottoming out at $0.13. While the token rebounded briefly to $0.15 on April 10, it struggled to maintain upward momentum, falling back to around $0.14. Over the past week, Dogecoin has dropped 5.8%, extending to a 13.8% loss over 14 days and 6.9% over the last 30 days. Despite the red candles, analysts tracking historical patterns believe DOGE may be setting up for a major breakout. Breakout Patterns Emerge on 3-Day Chart The analyst without_worries shared a 3-day candlestick chart that reveals a technical formation similar to previous bull runs. He noted the following indicators supporting his projection: According to the analyst, these signals reflect the same pre-breakout setup that preceded earlier rallies. He confidently projects a 364% price increase, estimating Dogecoin could reach $0.67 if these signals hold and volume confirms a breakout. Interestingly, this analyst previously predicted a 70% price drop in February, which materialized as DOGE fell to the $0.20 level—bolstering his credibility among followers. $0.14 Support Remains a Key Battleground Another analyst, MonoCoinSignal, offered a more tempered perspective. In a recent report, he noted that Dogecoin increased 0.11% on a day when the overall crypto market plunged 4.4%, suggesting a level of price resilience. However, he emphasized that $0.14 is a crucial support zone. A sustained dip below this level could reverse recent gains and reintroduce bearish sentiment. Related article: Dogecoin Sheds 23% in One Month: Is the Meme Coin Losing Momentum or Primed for a Bounce? Resistance at $0.15 Limits Short-Term Upside MonoCoinSignal also pointed out that $0.15 serves as immediate resistance, and any move toward $0.16 depends on strong trading volume. A confirmed breakout above $0.16 could open the door to retesting $0.20, setting the stage for mid-term bullish momentum. He also warned that broader macroeconomic concerns—particularly those stemming from President Donald Trump’s ongoing trade policy decisions—may weigh on crypto markets, limiting DOGE’s rapid price appreciation. While short-term metrics remain bearish, analysts see signs that Dogecoin may soon pivot into a strong rally. With technical setups aligning and previous predictions proving accurate, optimism is growing—especially among traders betting on DOGE’s breakout above $0.16. Still, the path to $0.67 hinges on volume, macro conditions, and the market’s reaction to key support levels. For now, Dogecoin sits at the edge of possibility.
Crypto Bulls vs. Global Tensions: Who’s Winning the April Battle?
April has kicked off with explosive momentum in the cryptocurrency market—but not without friction. While major digital assets like Bitcoin, Shiba Inu, and Solana are staging powerful comebacks, global macro uncertainties are casting long shadows. A tug-of-war is playing out between bullish investor sentiment and rising geopolitical pressures, leaving traders to question which side will define the direction of Q2. Crypto Resilience Rises as Traditional Markets React to Tariff News U.S. President Donald Trump’s unexpected announcement of a 90-day pause on reciprocal tariffs sent a jolt through both traditional and digital markets. The move eased some pressure in global economic circles, and cryptocurrencies responded quickly. Bitcoin climbed above $72,000, marking a fresh three-week high. Shiba Inu jumped 19% from its multi-month low. Even Ethereum regained its footing near $1,650. These sharp moves indicate that investor appetite for risk is alive and well—at least in the short term. However, this optimism rides on thin ice, with investors keenly watching developments in global trade, stablecoin regulation, and ongoing inflation debates in both the U.S. and Europe. Global Tensions Still Threaten the Crypto Narrative Despite the bounce, markets are far from stable. Geopolitical uncertainty remains a major force. Tensions between global powers—especially between the U.S. and China, have re-entered the spotlight. Although the tariff pause provided relief, many see it as a temporary truce rather than a full resolution. Simultaneously, the Middle East and Eastern Europe continue to experience unrest, which affects investor sentiment in both commodity and crypto markets. These pressures may force central banks to adjust monetary policy, creating ripple effects for asset classes that thrive on liquidity—like crypto. On-Chain Data Supports a Brewing Bullish Momentum Blockchain analytics firms are painting a cautiously optimistic picture. On-chain data from IntoTheBlock and Glassnode show whale accumulation across Bitcoin and Ethereum, suggesting that institutional players are buying the dip. Wallets holding 100+ BTC have grown steadily since the start of April. Shiba Inu has also recorded increased network activity, with more wallets now holding the token long-term. While only 10% of SHIB holders are in profit at current prices, the loyalty of the community remains strong, supported by ecosystem expansion plans and anticipated launches such as SHI stablecoin and the Glacier Drop. Related article: Why Is the Crypto Market Up Today — and Will Trump’s Tariff Speech Trigger a Crash? Altcoin Rotation Hints at Market Shift Another interesting sign of market behavior is the rotation into altcoins. Assets like Solana, Cardano, and XRP have shown signs of life after weeks of correction. Analysts believe that if Bitcoin’s dominance stabilizes and market confidence holds, altcoins may experience an extended second-quarter rally. This sentiment, however, hinges on the absence of major negative catalysts—such as new tariffs, unfavorable regulation, or unexpected financial collapses. April May Set the Tone for the Rest of Q2 If the bullish momentum persists, April could serve as the turning point that redefines the crypto market’s narrative in 2025. But if geopolitical pressure intensifies, we may see risk assets recoil just as quickly as they recovered. Investors are watching a delicate balance. Central banks are walking a tightrope. Politicians are playing chess on a global board. And crypto bulls? They’re betting big on optimism—hoping that innovation and decentralization will continue to outperform fear and friction. Conclusion: A Fight Worth Watching Crypto bulls may have the upper hand today, but global tensions are far from neutralized. The April showdown between these opposing forces is far from over. Whether the month ends in a breakout or a reversal, one thing is clear: this isn’t just about charts—it’s about power, policy, and how the world sees the future of money.
Shiba Inu Developer Cites Regulatory Hurdles for SHI Stablecoin Launch Delay
Kaal Dhairya, one of the leading developers behind the Shiba Inu ecosystem, has addressed growing community concerns regarding the long-delayed launch of SHI, the project’s much-anticipated algorithmic stablecoin. In a recent statement, Dhairya confirmed that the team is waiting on clear regulatory guidance before proceeding with SHI’s official release. Shiba Inu’s Ambitious Expansion and the Missing Piece Back in 2021, the Shiba Inu development team announced its plan to broaden the ecosystem with three major additions: the SHI stablecoin, the Shiba Eternity collectible card game (CCG), and the TREAT reward token. Since then, the team has launched both Shiba Eternity and TREAT, but SHI remains unreleased, despite being scheduled for a 2022 launch. This delay has fueled speculation among SHIB holders and led to persistent inquiries about the status of the stablecoin. In response, Kaal Dhairya revealed that the team has chosen to pause the SHI launch until stablecoin regulations become more definitive, especially in the United States, where regulatory decisions are likely to set the global tone for future stablecoin frameworks. U.S. Stablecoin Legislation Nears Finalization The delay may not stretch much longer, as the United States government edges closer to enacting a comprehensive regulatory framework for dollar-pegged stablecoins. Two major legislative efforts—the GENIUS Act and the STABLE Bill—have gained significant traction in both chambers of Congress. The Senate Banking Committee approved the GENIUS Act with an 18-6 majority, while the House Financial Services Committee passed the STABLE bill by a 32-17 vote. Lawmakers are now expected to reconcile both bills into a single unified act and present it for presidential approval. President Donald Trump, a vocal supporter of dollar-pegged stablecoins, is likely to sign the legislation into law once it reaches his desk. Trump has previously emphasized the role of stablecoins in strengthening the U.S. dollar and expanding its global economic influence. Adding further clarity, the U.S. Securities and Exchange Commission (SEC) recently declared that most stablecoins do not qualify as securities, reducing legal uncertainty for stablecoin issuers like Shiba Inu. Related article: SHIB Holds the Line Above $0.00001: Why Shiba Inu’s Comeback Could Be Closer Than You Think What to Expect From SHI Upon Launch The SHI stablecoin will be pegged to the U.S. dollar at $0.01 per token, leveraging an algorithmic mechanism to maintain this value. However, Shiba Inu’s top marketer, Lucie, stated last year that the team had not yet finalized the peg’s underlying structure, further contributing to the delay. Despite the lack of a fixed launch date, the development team has been rigorously testing SHI to ensure its long-term stability and avoid the failures that plagued other algorithmic stablecoins, such as Terra’s UST. By waiting for regulatory clarity and refining the stablecoin’s internal mechanics, the Shiba Inu team aims to deliver a compliant, secure, and functional SHI token, a stark contrast to the rushed releases seen in earlier failed projects. Conclusion: Patience Could Yield Stability and Trust While the delay in SHI’s release has frustrated parts of the community, Kaal Dhairya’s explanation highlights the team’s commitment to regulatory compliance and project integrity. Rather than rushing to market, the developers are aligning with global financial standards to ensure SHI launches with a robust and sustainable foundation. As U.S. stablecoin laws move closer to enactment, the SHIB ecosystem may soon gain a powerful new asset that not only strengthens its DeFi offering but also enhances its standing in the broader crypto industry.
Cardano Revisits 2021 Territory as Analyst Questions All Time High Expectations
Cardano (ADA) began the second week of April under intense market pressure, retracing its price to levels not seen since February 2021. The decline has reignited debates about its long-term performance and cast doubt on assumptions that previous highs will naturally return. ADA Retraces Over Four Years of Growth On April 7, Cardano’s price dipped below $0.52, marking one of its steepest drops in recent weeks. Although the token rebounded to nearly $0.61 on April 8, the relief was short-lived. By April 9, ADA settled at approximately $0.5694, reflecting a 2.6% drop in 24 hours, a 15.4% decline over 7 days, and a 25.9% loss over two weeks. These losses pushed ADA back to a price zone it last occupied over 1,500 days ago. Analyst Jesse Olson shared a chart on X highlighting how ADA has returned to its February 2021 price range, effectively placing long-term holders from that time at break-even. Olson emphasized that while ADA has seen explosive rallies, such as in 2021 and late 2023, it has failed to achieve a new all-time high in the current cycle. He cautioned investors not to assume that holding through multiple cycles will always result in gains. Alex Becker Sees Bullish Future for Cardano Contrary to the cautious tone, crypto influencer Alex Becker presented a bullish forecast for Cardano. In a recent YouTube video, he named ADA among eight tokens he believes are primed for major growth by 2026. Becker—who once criticized the project—now sees significant upside. He pointed to Cardano’s decentralization, fast transaction speeds, and rising on-chain activity as reasons for his renewed optimism. He even predicted a potential surge to $5, well beyond ADA’s current all-time high of $3.09. He also cited institutional interest, including ETF filings and Cardano’s inclusion in a U.S. crypto reserve, as major catalysts. Becker argued that current prices offer a “discounted entry,” especially when viewed against ADA’s historical trajectory and growing market relevance. Technical Pattern Signals Long-Term Potential Adding to the mixed sentiment, a separate analyst on TradingView analyzed Cardano’s performance within a weekly ascending channel, which spans several years. According to the chart, ADA remains confined within this channel, frequently bouncing between trendlines—a structure that has previously preceded strong rallies. The same pattern supported Cardano’s massive breakout from $0.20 to $2.70 in 2021. If this formation continues to hold, the analyst sees a first resistance target at $2.7567. A more aggressive projection based on historical movement suggests a long-term price target of $50.4821, though such a target remains highly speculative. Related article: Cardano “Fast as Hell” – Alex Becker Tips ADA for $5 in Upcoming Bull Run Conclusion: Cardano at a Crossroads Cardano’s recent pullback has brought its price back to a pivotal historical level, prompting analysts to reassess its future potential. While long-term holders sit at break-even, the market now watches closely to see whether ADA can rebound into a new rally or continue consolidating below key resistance. With technical setups, bullish forecasts, and institutional signals all in play, ADA’s next move could redefine its narrative in the 2024 bull cycle.
Not What It Seemed: Binance Quietly Moved 200M XRP and 300M DOGE Internally
On Monday, as the cryptocurrency market faced another sharp downturn, two eye-popping transfers involving 200 million XRP and 300 million Dogecoin captured the community’s attention. These significant transactions appeared to involve unmarked wallets moving massive crypto sums to Binance, the world’s largest cryptocurrency exchange by volume. Initially, many speculated that a large-scale investor, or whale might be cashing out amid the broader sell-off. Bitcoin had tumbled to $76,000 earlier that day, sparking double-digit losses across several altcoins. Notably, XRP and Dogecoin suffered over 9% corrections during the same period, adding fuel to the rumor mill. Whale Alert Rings the Bell On Monday, the renowned blockchain monitoring service Whale Alert took to X (formerly Twitter) to spotlight the two transactions. The first transfer involved 300 million DOGE, valued at approximately $41.7 million. The wallet address “DU8gPC” executed the transaction at 9:52 AM UTC. Just two seconds later, a second transaction surfaced. This time, 200 million XRP, worth a staggering $354.6 million—moved from wallet address “rPz2qA” to another Binance address. Despite originating from two seemingly unrelated wallets, the synchronized timing piqued interest among analysts and traders alike. The Catch: On-Chain Data Tells a Different Story Although these transactions initially looked like external whale movements, further investigation revealed they were, in fact, internal. Using Arkham Intelligence and Bithomp analytics, researchers traced the origins of both sending wallets back to Binance itself. Arkham’s platform identified “DU8gPC” as one of Binance’s cold Dogecoin wallets, while the receiving address was a Binance hot wallet used for facilitating trades and withdrawals. Similarly, Bithomp traced the XRP wallet “rPz2qA” back to a Binance-controlled address activated in December 2023. That wallet has since stored and moved substantial amounts of XRP on behalf of the exchange. Why Binance Moves Assets Internally Exchanges like Binance routinely shift assets between cold and hot wallets. Cold wallets are secure storage solutions, keeping large sums offline to mitigate hacking risks. On the other hand, hot wallets hold crypto that is readily available for trading and withdrawals. When a spike in trading activity or liquidity demand is expected, exchanges often move tokens from cold storage to hot wallets. This was likely the motive behind Monday’s movements. Rather than indicating panic selling, these transactions were strategic liquidity boosts. Such internal shuffles are not unprecedented. In September 2024, Binance moved 95 million XRP, worth $50 million, between two of its wallets. A similar transaction occurred in August involving the same XRP-sending address from Monday’s event. Back then, Binance moved $39 million worth of XRP to the same hot wallet used this week. Related article: XRP Price Plunges as Market Cap Loses $20 Billion in a Day Amid SEC Silence Price Reaction and Current Market Sentiment Despite the panic sparked by the initial alert, the actual nature of these transfers has calmed fears of a massive selloff. Still, the market continues to reel from broader losses. As of writing, XRP trades at $1.89, while Dogecoin holds at $0.1452, each down by over 9% in the last 24 hours. Understanding these wallet movements provides clarity amid the noise. While it’s easy to assume the worst during market dips, on-chain data again proves invaluable for discerning real activity from speculative panic.
