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at January 17, 2025 0
Is Shiba Inu Price Gearing Up For a 10X Rally in Q1?

Shiba Inu price has recently surged, signaling a potential bullish trend as the broader crypto market experiences a rally. Analysts are optimistic, forecasting a significant price surge in the coming months. Positive sentiment from the market has followed from the above $100k BTC which has also fueled confidence from amongst the top coins like SHIB. With a 10% price increase recently, Shiba Inu is poised for a potential 10X rally in Q1, according to market experts.

Could Shiba Inu Price See a 10X Rally in Q1?

Crypto analyst predictions suggest that Shiba Inu price could be on the verge of a significant rally in Q1. The meme coin, which has gained a strong following in recent years, is showing promising technical indicators. expert are eyeing a potential 10X increase in price, with a target of $0.00023 from the current price.

The market sentiment is bullish and some specialists say shiba Inu’s price might rise as more people become attracted to it. The community has increased its support for the cryptocurrency and its future developments will contribute to the cryptocurrency growth.

Is Shiba Inu Price Gearing Up For a 10X Rally in Q1?
Source- X

SHIB Price Surge: A Potential Catalyst for 10X Rally

Positive sentiment towards Shiba Inu price recently has come in form of token burns increasing. While the actual burn numbers don’t paint a pretty picture in regards to what exactly is possible, these efforts are exactly the sort of thing that could start a rally. SHIB is also benefitting from the surge in whale transactions, as well as an increasing optimism. 

Additionally, The Bitcoin price rallying above $100k and the rally in other major crypto like ETH, XRP, and Solana are fueling market sentiment. The upcoming Trump inauguration on January 20th may serve as another catalyst for further gains. 

The meme coin market has seen a surge, with market cap climbing to $3.59 trillion, witha  4% surge in the last 24 hours. The top meme coins like Dogecoin, Pepe, Bonk, and Pingu are also contributing to the growth. With a 150% rise in SHIB’s price over the last year, it seems poised for more significant gains.

The latest SHIB price is at $0.0000241, with a strong surge of 10% in the past 24-hours.

Analyst forecast In the short term, the Shiba Inu price is maintaining its upward trend, finding strong support at the Fibonacci 0.786 level. This zone is critical as it sets the stage for the next rally. 

Shiba Inu Price predictions targets include 0.00002715, 0.00003083, and 0.00003511. With the current bullish momentum, the SHIB price appears poised for a significant move higher, signaling potential gains for investors in the near future. 

Is Shiba Inu Price Gearing Up For a 10X Rally in Q1?
Source- Tweet

With its positive technical indicators, supportive market trends, and building up community interest. There seems to be a possibility of a 10X rally in the Shiba Inu price in Q1. Investors are hopeful for continued gains as the market momentum builds

The post Is Shiba Inu Price Gearing Up For a 10X Rally in Q1? appeared first on CoinGape.

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at January 17, 2025 0
Is Dogecoin ETF On the Way? Here's Everything You Need to Know

Ever since its launch, Dogecoin has been grabbing investors’ attention. A big reason behind that is its impressive performance on multiple occasions. Just today, the Dogecoin price surged 11% and is on a massive recovery trail, achieving a month-high target. Although this happened during the broader market recovery, the Dogecoin ETF hype has played a bigger role in that, especially as Trump’s inauguration is just days away.

Is Dogecoin ETF Getting Launched In 2025?

Spot Bitcoin ETF launch in early 2024 opened the opportunity for other popular cryptos exchange-traded funds. The BTC ETF’s popularity and high inflows resulted in Bitcoin price achievement. This performance built the demand for the Dogecoin ETF’s launch. Analysts believe launching an ETF for this dog-themed meme coin makes sense, considering its high demand, adoption, and impact on the tokens’ price. However, the polymarket odds show low investor confidence in this happening. As per the Polymarket data, the Dogecoin ETF approval odds in 2025 sit only at 36%, whereas others, like XRP ETF approval odds say 70%.

DOGE ETF approval

With much better ETFs in line, especially for utility-based assets, the probability of their approval is high. The Polymarket odds before July are even lower, at 27%, despite a 6% surge. Although the odds do not favor the launch, many firms have applied for the ETF.

This comes from a different perspective on Dogecoin and its price performance. Despite its popularity, DOGE has many shortcomings, such as a lack of inherent utility and high volatility. A few analysts claim that an ETF launch is risky. Regardless, rather than investors’ take on the meme coin, the SEC’s take matters, which has not commented on the situation yet.

Why DOGE ETF Matters?

Similar to the impact of the Bitcoin ETF on Bitcoin price rally to ATH, investors anticipate a similar effect. Experts believe that a DOGE ETF launch could result in Dogecoin finally breaking the $1 price barrier and achieving higher and higher peaks. Also, it will be a far more stable option for investors who wish not to tackle meme coins’ high volatility. Interestingly, this will also reduce the volatility of the meme coin, Dogecoin, in this case.

Meme coins have been the most successful digital asset category in 2024, where hundreds or even thousands of investors bagged heavy returns with them. An ETF launch could further influence the image of such meme-themed cryptocurrencies and their prices.

Can Dogecoin Price Hit $20 With ETF Approval?

Dogecoin currently trades at $0.4162 and requires nearly a 50x rally to achieve the $20 mark. Considering the meme coins’ performance to this day, the target seems less likely to happen anytime soon, but considering the ETF approval, the DOGE price may end up somewhere near that. Experts’ conclusions hint at the same, especially considering Bitcoin’s performance after Bitcoin ETF approval. If things went with that criteria, the most bullish outlook may push the DOGE price to $20. However, failures such as the failure of Ethereum ETF to pump the ETH price should also be considered.

At present, Dogecoin is on a bullish trajectory, gaining 11% in the last 24 hours and  173% since Trump’s win in the US elections in November 2024. Another similar rally can push the price past the $1 mark.  Interestingly, popular crypto analyst Ali Martinez believes continuing this trend could result in Dogecoin’s price hitting $20 in the coming years.

In the short term, a flip from the 50% Fibonacci level would lead to the price hitting $0.480. Another success on the $0.480 level (100% Fibonacci level) will result in a rally above $0.566 under the influence of RSI, showing bullish momentum.

dogecoin price prediction

Bottom Line

2024 has been quite favorable for the crypto market, including ETFs launch, Bitcoin price rally, Trump’s pro-crypto stance, and much more. Experts anticipate the continuity of this trend in 2025 but with a more positive impact. With Trump’s presidency, meme coin lovers wish to see a Dogecoin ETF launch this year, but the polymarket data shows low odds, indicating investors’ low confidence in its approval. If approved, the Dogecoin price can hit $20 per analyst. However, things could vary depending on its acceptance and demand in the market.

The post Is Dogecoin ETF On the Way? Here’s Everything You Need to Know appeared first on CoinGape.

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at January 17, 2025 0
LINK Surges 10%: Is Chainlink Price Set for $40?

As the crypto market witnesses a bullish surge, Chainlink price gained 10%, reclaiming the $23 resistance level. Joining top performers like XRP and SOL, LINK has ignited investor optimism. This breakout hints at a possible rally toward $40, signaling growing confidence in altcoins amid significant market valuation increases and strengthened investor interest.

Can Chainlink Price Hit $40 After 10% Gain?

Analyst observations highlight a bullish trajectory for Chainlink (LINK) price as it targets the $40 mark. A falling wedge pattern suggests an impending breakout. Recent price activity shows LINK consolidating near $26, building momentum for a potential upward surge.

The analyst reveals a consistent trend of higher lows, supporting a bullish continuation narrative. Key resistance levels around $38.50 and $40 remain critical milestones for the cryptocurrency. 

If LINK maintains its current momentum, breaching these levels could solidify its position in the broader market uptrend. With technical indicators favoring bullish sentiment, LINK appears poised for significant growth. 

LINK Surges 10%: Is Chainlink Price Set for $40?
Source- X

Chainlink Unveils CCIP v1.5 Upgrade

Chainlink has unveiled the CCIP v1.5 upgrade, designed to enhance cross-chain token deployment for developers. The upgrade introduces a new Cross-Chain Token standard, offering developers full control and ownership over their tokens. 

Image

Additionally, the CCIP Token Manager has been improved, providing an upgraded interface for managing and launching these tokens. This development, coupled with the overall growth in the crypto market, is expected to boost bullish sentiment surrounding LINK.

LINK Price Eye More Gain Amid Market Rebound

Chainlink price is showing a strong bullish trend, breaking past critical resistance levels. Currently LINK price is at $24.19, the cryptocurrency has recorded an impressive 11.21% gain over the past day.

Most of the cryptocurrencies have seen a market surge, with BTC hovering above $100k. 

The technical analysis indicates a steady upward movement, with the price confined within an ascending channel. This suggests growing momentum among buyers, aiming for higher levels. Key support rests at $20, a critical level previously held against bearish pressure.

Indicators such as the MACD and RSI further confirm the bullish sentiment. The MACD line is above the signal line, with histogram bars increasing in size, indicating rising buying pressure. The RSI is at 72, entering the overbought zone. This signals strong demand but also warrants caution for potential pullbacks.

Looking ahead, the next resistance lies at $24.35. A breakout above this level could pave the way for a rally toward $30. However, failure to sustain the momentum might see the Chainlink price forecast retrace to the $20 support zone.

LINK Surges 10%: Is Chainlink Price Set for $40?
Chainlink Price Chart: TradingView

Chainlink’s recent surge signals growing bullish momentum. With technical indicators supporting a potential rise, the $40 target remains achievable. The CCIP v1.5 upgrade strengthens its position, but market conditions and resistance levels must be monitored for sustained growth.

The post Is Chainlink Price Set To Hit $40 In January? appeared first on CoinGape.

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at January 17, 2025 0
Why Is Hedera (HBAR) Price Skyrocketing Today?

Many bullish news from Coinbase and President-elect Donald Trump have fuelled Hedera (HBAR) price to a high of $0.3988 today. Marking a notable 12% increase in a day, HBAR is just around 10% shy away from its all-time high of $0.4323, marked in 2021.

What Drives Hedera (HBAR) Price To the Rally?

As of press time, Hedera price is at $0.3796, with a weekly surge of 38.37% and a yearly surge of 30.19%. Ranked at 14 with market cap of $14.53 billion, the token has seen a staggering 111% hike in its 24-hour trading volume to $2.72 billion.

Notably, the surge in Hedera price is driven by crypto exchange Coinbase’s announcement related to HBAR. Earlier today, Coinbase announced the availability of the token for custody on Coinbase Prime. The platform wrote, “Hedera (HBAR) is now available for custody on Coinbase Prime!”

Donald Trump’s New Crypto Presidential Term

The United States’ strategic Bitcoin reserve plan has been a topic of discussion for months, especially following Trump’s speech at the Bitcoin 2024 Conference in Nashville. While Trump’s inauguration is just around the corner, the community’s eye is set on his potential crypto-focused policies. Trump’s Bitcoin reserve strategy and crypto-friendly administration are expected to revolutionize the US financial landscape.

Recent reports reveal Trump’s open to having strategic reserve for crypto including USDC, Solana (SOL), and XRP (XRP). Triggered by the news, the crypto market is signaling a bull run. Along with the surge of these larger tokens, Hedera price is trending on an ascending track.

HBAR Targets a New ATH of $0.57

Following multiple failed attempts, Hedera has successfully broken out of its month-long consolidation below the $0.33 level. An analyst unveils Hedera’s ambitious target of a new ATH of $0.57 as the token has broken past the crucial 0.61 Fibonacci level.

According to the analyst, a rally to the 0.78 Fibonacci level at $0.46 is highly likely if the daily candlestick closes above $0.37. A surge above the $0.46 mark could propel the price directly to the new ATH.

Hedera price

Trump’s Presidency To Reshape Crypto Trends

Experts keenly await Trump’s presidential inauguration and his second term. Many believe that the first 50 days could determine Bitcoin’s growth in 2025. Bitget CEO Gracy Chen stated,

The crypto market’s expectations for his inauguration and first steps as president are extremely high, which is confirmed by the sensitivity of crypto market prices to statements and appointments made by him in the fourth quarter of 2024.

Meanwhile, HBAR is also setting its way to new high levels. As analysts predict a continued rally for the token, Hedera’s future looks bright. With a potential new ATH on the horizon, investors are eagerly awaiting HBAR’s next move.

The post Why Is Hedera (HBAR) Price Skyrocketing Today? appeared first on CoinGape.

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at January 17, 2025 0
Ethereum Developers Agree on Pectra Upgrade Launch Timeline

On January 16, Ethereum developers had the 203rd All Core Developers Execution (ACDE) call with the Pectra upgrade in focus. At the meeting, the ETH developers finalized the timeline for the upgrade launch following months of active deliberations. A Galaxy Research executive, Christine Kim, shared the call summary with the community.

Ethereum Pectra Upgrade: When Launch?

The developers agreed to launch the upgrade early to mid-March. They also agreed on a new set of schedules, including January 20 or 30 for the next ACDE calls. At this meeting, the block number for the upgrade and the exact date and time will be agreed upon. 

The developers must decide on the new client releases for the Pectra upgrade by February 3. The Sepolia Fork will occur on February 12, and Holesky will follow seven days later. As noted, the mainnet fork will come by early to mid-March. However, this depends on whether nothing derails the plan.

As Christine Kim highlighted, Ethereum developers are not planning to launch another devnet for the upgrade. This is why they are improvising with a shadow fork of Sepolia and/or Holesky testnets. Recall the developers launched the Mekong testnet last year for the pectra upgrade.

Overall, she said bugs in code might shift the timeline considerably. However, she noted that the odds of a March launch remain high after today’s call.

What is Special About Pectra?

It is worth noting that this upgrade is the biggest after the Dencun Upgrade that lowered fees on Layer-2 protocols. The Pectra upgrade complements this enhancement with scalability and security. Once launched, it will introduce innovative features that optimize transaction speeds.

With new features like account abstraction and EVM Object Format (EOF) enhancements in EIP-7692, the upgrade will benefit users and developers alike.

After Pectra, Coingape highlighted that the Fusaka upgrade is next for the ETH developers. However, the timeline of the schedule for this next upgrade remains unclear at this time.

Aiding the ETH L2 Ecosystem

The ongoing series of upgrades in the Ethereum ecosystem is designed to enhance Layer-2 scaling solutions. Notably, these L2 protocols welcome more innovations than the Ethereum blockchain, so they may be the biggest beneficiaries of these upgrades.

As reported earlier, Tether has launched USDT0, its new stablecoin on Ink, the L2 solution launched by Kraken. This next wave of innovations might benefit more from the enhanced developer experience that Pectra and Fusaka will introduce in the coming months.

The post Ethereum Developers Agree on Pectra Upgrade Launch Timeline appeared first on CoinGape.

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at January 17, 2025 0
Will Hamster Kombat Price Surpass $0.1 Ahead of Layer 2 Launch?

The cryptocurrency market is experiencing a surge in buying activity, with Bitcoin climbing back above $100,000. Over the past week, Hamster Kombat (HMSTR) price has gained almost 20%, fueling speculation about its potential to cross the $0.1 mark ahead of its anticipated Layer 2 launch.

Can Hamster Kombat Price Hit $0.1 As Developers Announce Layer 2 Launch?

Hamster Kombat has announced an exciting partnership with Tycho to create a cutting-edge Layer-2 blockchain ecosystem. This partnership, backed by the Hamster DAO, is set to enhance the platform’s scalability and user experience. The HMSTR token will play a key role in the ecosystem, acting as the currency for gas fees to speed up transactions.

While the Layer 2 launch offers great potential for Hamster Kombat’s ecosystem, hitting $0.1 seems unlikely in the short term. HMSTR would need to see an extraordinary 3,000% increase from its current price to reach that milestone. Achieving such massive gain would require powerful external factors, like massive adoption, a dramatic shift in crypto market trends, or a breakthrough event that perfectly aligns with Hamster Kombat’s goals.

HMSTR Open Interest Remains Stable

According to Coinglass, Hamster Kombat’s open interest remains relatively stable, hovering near $23.56 million. This suggests consistent market activity and sustained interest in the cryptocurrency, although the lack of significant change could indicate a period of consolidation.

Will Hamster Kombat Price Surpass $0.1 Ahead of Layer 2 Launch?
Hamster Kombat Open Interest

Price Analysis: What to Expect Next?

On the daily chart, after making a high of $0.014000, the Hamster Kombat price fell by almost 80% and currently trades near $0.003200 with an intraday gain of 2%. After this sell-off, HMSTR has been trading inside the consolidation zone since October 2024.

Will Hamster Kombat Price Surpass $0.1 Ahead of Layer 2 Launch?
HMSTR/USDT 1-day chart

On the 4-hour chart, Hamster Kombat is currently trading above a symmetric triangle pattern. The upper boundary of this triangle has been forming since November 10, 2024, while the lower boundary connects the lowest point from November 2, 2024. A breakout occurred on January 14th, and based on this pattern, the price is expected to rise towards $0.005000, which is determined by adding the depth of the triangle pattern.

The next immediate resistance is around $0.003600, marking its highest swing on January 6th. On the other hand, if it struggles to maintain its position and breaks through the bottom trendline, the next support level will be around $0.0023000.

Will Hamster Kombat Price Surpass $0.1 Ahead of Layer 2 Launch?
HMSTR/USDT 4-hour chart

Hamster Kombat is gaining attention with the announcement of a Layer 2 launch and a partnership with Tycho, aiming to improve scalability. However, as per Hamster Price Prediction reaching $0.1 seems highly unlikely in the short term, given that it would require a 3,000% increase.

The post Will Hamster Kombat Price Surpass $0.1 Ahead of Layer 2 Launch? appeared first on CoinGape.

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at January 16, 2025 0
Breaking: Binance Leverages Coinbase's Partial Win in US SEC Case For Dismissal

Binance has officially filed a joint notice of supplemental authority in district court, citing the recent discoveries from the US SEC v. Coinbase case. Crypto exchange Coinbase secured partial victory in the lawsuit from the 3rd Circuit Court of Appeals.

Meanwhile, BNB price continues to grow with the most recent surge coming over the past 24 hours. Also, traders anticipated whether this development would trigger a rally to $1000.

Binance Files Joint Notice Against the US SEC

In a court filing late January 15, Binance and founder Changpeng Zhao filed a Joint Notice of Supplemental Authority. It informed the court of a recent conclusion drawn in the Coinbase vs SEC lawsuit. The case of Binance and the US SEC deals with the operations of the exchange platform, wherein the SEC has alleged that Binance has been operating as an exchange, broker-dealer, and clearing agency without registering with it.

This comes as Binance and founder Changpeng Zhao along with its US arm requested the court to dismiss the lawsuit. The crypto exchange argued that the SEC has failed to show how its complaint satisfies the Howey test, why its complaint against third-party tokens to move ahead, and request for disgorgement should proceed to discovery.

The exchange wants to leverage the partial victory of Coinbase in a recent judgment in the lawsuit to support dismissal of claims.

US SEC v. Coinbase Case Judgment

The US SEC has been asked to come up with a completely justified response about why it declined Coinbase’s rulemaking petition. Coinbase argued that the agency was applying existing securities laws to digital assets, and was chasing crypto platforms without telling them how they should comply with current regulations.

It was further questioned during the US SEC v. Coinbase lawsuit proceedings if the old securities laws work for digital assets, which is a booming technology. Thereby, requiring the SEC to come up with either a justifiable reason to sue crypto platforms or address their requests to develop crypto-friendly regulations.

BNB Price Analysis

BNB price is trading up 2.25% over the past 24 hours, exchanging hands at $709.55. It has surged by 3% in the last 7 days and a rise of 123.58% over the year. The market cap and 24-hour trading volume of BNB are also up by 2.31% and 20.50%, respectively.

Binance continues to grow support for crypto tokens amid the bull market. Some newly supported meme coins on Binance are DOGE, SHIB, and PEPE, with bullish speculation when it comes to their respective future prices. This new support is primarily aimed at the African region.

The post Breaking: Binance Leverages Coinbase’s Partial Win in US SEC Case For Dismissal appeared first on CoinGape.

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Is Shiba Inu Price Gearing Up For a 10X Rally in Q1?

Shiba Inu price has recently surged, signaling a potential bullish trend as the broader crypto market experiences a rally. Analysts are opti...

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