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Ethereum (ETH) experienced a massive price surge earlier this month. The asset’s price took off after the commencement of the Pectra upgrade. ETH’s rally has since slowed down. Despite the cool off, ETH is still trading in the green zone. The asset is up 2.7% in the daily charts, 4.1% in the weekly charts, 6.1% in the 14-day charts, and 45.5% over the previous month. Despite the incredible breakout, ETH’s price is still down by 32.4% since May 2024. Source: CoinCodex Cryptocurrencies Consolidate As Investments Slow Down Source: BitCoinist ETH’s recent rally was further supported by a spike in institutional investments in the crypto market. Bitcoin (BTC) saw a new peak of $111,814 on May 22. The rally was likely due to a surge in institutional investments. The rally has since slowed down. BTC’s price has fallen to the $109,000 level amid a dip in institutional inflows. ETH’s Pectra was incredibly well-received by the community. The upgrade will likely ...

According to Shiba Inu (SHIB) burn tracker Shibburn, 44.62 billion SHIB tokens were burned in 2024. The value of 44.62 billion SHIB is roughly a little more than $1 million. Also Read: Top 3 Cryptocurrencies To Watch This Weekend https://twitter.com/shibburn/status/1874321149049659822 Did The Burning Of 44.62 Billion Shiba Inu Lead To A Price Increase? Source: Watcher Guru There are about 589 trillion SHIB tokens in circulation. Burning 44.62 billion tokens is barely a dent when compared to the total. The total burns are unlikely to have made any significant difference to SHIB’s price. Most of the burns are likely from transaction fees. SHIB’s burn initiative has destroyed billions of tokens till now. However, the number of tokens destroyed has seldom led to a price spike. Also Read: VeChain (VET) On Pace to Return to $0.1: Here’s When How High Will The Dog-Themed Crypto Go In Q1 2025? According to CoinCodex, SHIB’s price will spike to a new yearly high of $0.00004820 ...

There is no denying Shiba Inu’s (SHIB) incredible success. Early investors have reaped millions of dollars in profit with minimal investments. SHIB’s stellar rally in 2021 turned many average people into multi-millionaires within a short period. Also Read: Donald Trump Appoints David Sacks As Cryptocurrency & AI Czar Just $10 Could Have Made You A Millionaire If you invested $10 in Shiba Inu (SHIB) in August 2020 and sold your holdings when the asset peaked on Oct. 28, 2021, your investment would have become $1.03 million. Your portfolio’s value would have risen by 10,303,317.81% (10.30 million percent) Source: Changelly Also Read: Visa Stock (V): Why Analysts Are Saying It’s a Must Have If you continued to hold, the $10 investment would have been worth $407,937 today. In this scenario, your portfolio’s value would have risen by 4,079,274.11% (4.07 million percent). Source: Changelly Can You Still Become A Millionaire With Shiba Inu? Many believe that the SHIB bo...

Ripple’s XRP token has finally overcome the $1 mark. The asset last traded above $1 in November 2021, three years ago. XRP has had a rough few years due to Ripple’s lawsuit with the SEC. The suit was settled earlier this year, and the fintech company paid a $125 million fine. The asset is currently down by about 68% from its peak of $3.40. The popular crypto hit the $3.40 mark in January 2018, nearly seven years ago. The asset failed to hit a new peak during the 2021 bull run, likely due to the SEC lawsuit. With its legal woes over, XRP may be gearing up for another shot at reclaiming its all-time high. Also Read: Amazon: AMZN Eyeing New Heights in 2025 as Stock Could Surge When Will $1000 Worth of XRP Become $500,000? Source – CryptoRank If you purchase $1000 worth of XRP right now, you will receive about 925.92 tokens. For 925.92 tokens to be worth $500,000, the price of each coin has to hit nearly $540. XRP has to rally by 49,900% to hit $540 from current price leve...

The canine-filled cryptocurrency market was having quite a day as they were the only assets that witnessed an uptick. While the OG meme cryptocurrency, Dogecoin (DOGE), led the rally, Shiba Inu (SHIB) followed suit. The SHIB community was celebrating the asset’s climb up the cryptocurrency ladder and its latest price rise. Also Read: Nvidia (NVDA) Near Miss: Falls Just Short of Market-Cap Crown Shiba Inu’s Status Quo At press time, the second largest meme coin, Shiba Inu was trading at $0.00001791 following a 4.38% spike over the past 24 hours. This sudden spike came early today following a bloody weekend. The asset witnessed a massive drop over the last week. Source In addition, the meme coin’s market cap also rose. The market value of SHIB moved past the $9 billion mark and was seen inching towards $11 billion. Meanwhile, the cryptocurrency’s volume was up by 36% to $389 million. Amidst this, the community was still latching on to its 1-cent dream. While severa...