Posts

Showing posts with the label 2024

Shiba Inu Twice Hit $0.00003 In 2024: Can It Do It By 2025 End?

Image
Shiba Inu (SHIB) breached the $0.00003 mark on two occasions in 2024, but has struggled to do so in 2025. The popular memecoin climbed to $0.00003629 on Mar. 6, 2024, and $0.00003284 on Dec. 5, 2024. Since December, SHIB’s price has seen a gradual decline, falling to $0.00001 in June of this year. Despite its incredible popularity, Shiba Inu (SHIB) has struggled to gain momentum this year. While Bitcoin (BTC), Ethereum (ETH), XRP, and BNB are hitting new peaks, SHIB is still stagnating. Let’s discuss if the popular memecoin can reclaim the $0.00003 mark by the end of this year. Is $0.00003 in The Cards For Shiba Inu in 2025? Source: Getty Images One of the biggest catalysts for Shiba Inu’s (SHIB) price this year could be the highly anticipated interest rate cut from the Federal Reserve. Despite rising inflation numbers, the chances of an interest rate cut in September have significantly increased over the last few weeks. The CME FedWatch tool shows a 93.4% chance of a ...

Circle grows faster than Tether this year

Image
Tether’s USDT, worth over $155 billion, has commanded a near-monopoly over the stablecoin market for nearly a decade. Earning $13 billion in profit last year, the most transaction volume of any crypto asset — including BTC itself — and benefiting from its asset manager joining the presidential cabinet of Donald Trump, many people doubted any stablecoin could ever compete. However, for the first time in history, the world’s largest stablecoin issuer is reckoning with serious competition in the form of Circle. Circle has advanced its USDC remarkably this year, and Protos has compiled data on three metrics by which it has gained ground against Tether. For the first time in history, the world’s largest stablecoin issuer is reckoning with serious competition. Although Tether remains the market leader and retains a dominant share of tokens outstanding, search queries, and trading volume, Circle’s growth rates highlight some areas in which it is gaining ground....