On Wednesday, the price of bitcoin plummeted below the $100,000 mark, hitting an intraday low of $99,997 per coin. The whole crypto market has taken a hit, dropping 5.74% in the past 24 hours, with numerous coins feeling the sting of heavy losses. Bitcoin’s Rollercoaster Week: From Record High to Sub-$100K Slide It feels like
Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, is ramping up its efforts to build its Bitcoin portfolio. According to multiple reports, the Japanese Bitcoin consulting company has issued ¥4.5 billion ($30 million) in zero-interest bonds to finance its Bitcoin acquisition strategy. The company shared this news on its bond issuance through a disclosure posted on its website dated December 17th. This is the fourth in the series and formally carries the name Metaplanet Inc. 4th Series Ordinary Bonds. The total amount of bonds is worth ¥4.5 billion, each costing ¥250 million. According to the company disclosure, the bonds are not subject to interest and will mature on June 16th, 2025. *Metaplanet to issue 4.5 billion yen in Ordinary Bonds to Accelerate Bitcoin Purchases; Repayment to be made from Warrant Exercise Proceeds* pic.twitter.com/oS93rD7uXk — Metaplanet Inc. (@Metaplanet_JP) December 17, 2024 Metaplanet And Its Quest To Become Asia’s Biggest Bitcoin Holder Metaplanet’s December bond offering is the fourth in the series, aiming to fund its Bitcoin strategy. As a publicly traded company, Metaplanet leverages Bitcoin as a primary reserve asset and seeks to use its excess cash to invest in Bitcoin. According to its corporate manifesto, it’s taking the Bitcoin pivot thanks to the asset’s unique qualities, such as scarcity and apolitical monetary policies. The latest bond issuance is part of the firm’s strategic plan to become the region’s largest Bitcoin holder. According to its disclosure, the bonds will be released in tranches, allowing the firm to raise money to purchase Bitcoins. A Strategic Plan To Boost Bitcoin Holdings Metaplanet Inc. started its Bitcoin-buying spree in April 2024. As of this writing, the Japanese firm has already added 1,150 Bitcoins, or $122.67 million, to its holdings. Metaplanet’s investment thesis is similar to that of MicroStrategy’s, led by Michael Saylor. The issuance of new bonds is expected to fast-track its investment in digital assets. By offering zero-interest bonds, the company can avoid short-term financial issues while using the fresh funds to add more digital assets. It’s also a win-win scenario for investors since these bonds are offered at a discount but are paid in full upon maturity. The market responded well to these most recent events; shares of the company surged by 51% during the past five days. The company’s market capitalization is raised to more than $1 billion as its shares hit a high of ¥4,270. The CEO of Metaplanet Inc., Simon Gerovich, has appreciated the overwhelmingly favorable reaction of the market to the move. Metaplanet And BTC Rewards Program Apart from its approach of bond issuing, Metaplanet also revealed its Bitcoin Rewards Program. Recently, the company started a ¥30 million ($199,500) prize pool to honor owners of at least 100 shares as of December 31, 2024. Using a lottery system, the company will select 2,350 shareholders who will get varying amounts of Bitcoins. Featured image from UEEx, chart from TradingView
Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent spike. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Potential Price Forecasts An analyst has expressed an audacious outlook for XRP, indicating that those who retain the asset may experience substantial returns, which could result in life-changing wealth in the near future. He anticipates a significant increase in the price of the altcoin, with the goal of reaching a price point between $30 and $35 by 2025. #XRP HOLDERS WILL BE THE RICHEST PEOPLE YOU KNOW – HERE’S WHY! pic.twitter.com/k0tc6tCAq0 — STEPH IS CRYPTO (@Steph_iscrypto) December 17, 2024 Based on this estimate, the present price of approximately $2.54 is expected to experience a staggering increase of around 1,277%. A $1,000 investment, for example, may potentially increase to $14,000 if these objectives are accomplished. It is also possible that those who have made larger investments will have the opportunity to become millionaires as the value of XRP continues to climb. This optimism is perpetuated by recent fluctuations in prices. In the last 30 days, XRP registered a solid 124% increase, which coincided with a successful retest of its 2021 peak of $1.97. According to analysts, the demand for the crypto will continue to rise as Ripple expands its partnerships throughout Asia and beyond, further driving up its price. Causes Of Wealth Formation The positive outlook for XRP is due to a number of reasons. Investors have a lot more faith in Ripple now that its legal fight with the US Securities and Exchange Commission (SEC) has been settled. Legal certainty is about to arrive, hence many people believe that using XRP in worldwide banking will hasten the adoption. Since big financial institutions see Ripple’s technology’s ability to transform cross-border payments, institutional interest in it is also piquing. Some wealth managers suggests that XRP has the potential to revolutionize international payments in a manner similar to that of early Amazon. They anticipate a future in which XRP processes trillions of transactions daily, which could result in a price increase of an astonishing $132—a preposterous 23,900% from its current level. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says Precaution In The Face Of Optimism Still, experts advise caution even if XRP has an encouraging future. Although forecasts are hopeful, they are not guaranteed since the market for cryptocurrencies is somewhat erratic. Analysts emphasize the need of realizing gains as prices rise instead of waiting for a climax that might never come to pass. Their advice for investors: make wise judgments and closely check price swings. Featured image from DALL-E, chart from TradingView
Base has outperformed Ethereum Mainnet, proving Layer 2 networks are emerging as dominant forces.
Bitcoin Dominance Reaches 58.37% ————— 💰Coin: Bitcoin ( $BTC ) $99,939.80 ————— NFA.
Bitcoin Drops Below $100,000! ————— 💰Coin: Bitcoin ( $BTC ) $100,046.90 ————— NFA.
The debate over Bitcoin’s 21 million supply cap has gained traction following BlackRock’s controversial video, reigniting discussions among crypto enthusiasts. This debate underscores the critical importance of Bitcoin’s scarcity as
One Bitcoin developer argues that any change to Bitcoin’s fixed supply, while theoretically possible, wouldn’t be considered “Bitcoin” anymore.
Rich Dad Poor Dad author Robert Kiyosaki predicts bitcoin will hit $350K by 2025, emphasizing its inclusive design to build wealth even with small investments. Robert Kiyosaki Says Bitcoin Will Skyrocket to $350K in 2025, Urges Investors to Own More BTC Robert Kiyosaki, renowned author of Rich Dad Poor Dad, has reiterated his bullish stance
The cryptocurrency market is optimistic as investors anticipate new highs for top assets. Among them, Shiba Inu (SHIB) has gained attention from analysts forecasting significant price gains in the current market cycle. Shiba Inu Expected to Break Previous Record A notable market analyst, Crypto Sheriff, has predicted that Shiba Inu could surpass its all-time high of $0.00008616, achieved during the 2020/2021 market cycle. In a post shared on December 15, the analyst stated that the outcome is inevitable, emphasizing the coin’s potential in the ongoing bullish trend. It is inevitable that #SHIB will break down ATH in this supercycle! pic.twitter.com/owuMMgpwoh — CRYPTO SHERIFF (@Gem_Sheriff) December 15, 2024 This prediction follows the asset’s impressive performance in November 2024, where the token rallied approximately 98% after the U.S. presidential election. Many believe Donald Trump’s victory signaled a crypto-friendly shift in U.S. policy, contributing to the token’s rise from $0.00001687 to $0.00003343. Meanwhile, the asset has retraced some gains and is trading at $0.00002682. Analysts Highlight Shiba Inu (SHIB) Bullish Patterns While Crypto Sheriff maintains a positive outlook, other analysts have provided additional technical insights supporting the possibility of a significant price increase. On December 10, CryptoELITES identified a bullish cup-and-handle formation on Shiba Inu’s weekly chart. The analyst noted that if the token breaks above a long-standing downtrend line, it could potentially reach $0.0004729, marking a 1,700% increase from its current value. The downtrend, which has acted as a resistance level since October 2021, is considered a critical barrier. According to CryptoELITES, breaking through this resistance would confirm the bullish pattern and set the stage for a sustained upward trend. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Risk of Downside Movement Despite the optimism, some analysts have highlighted potential risks. As earlier reported by Times Tabloid, market commentator PouyanTradeFX warned that if Shiba Inu fails to overcome the downtrend, the token could significantly decline. In this scenario, prices might drop by as much as 150%, bringing SHIB to the $0.000011 range. Such contrasting analyses underscore the importance of closely monitoring technical indicators and market conditions. While many remain bullish, the outcome will largely depend on how the asset performs in the face of these key resistance levels. The asset’s recent performance and technical setups have fueled speculation about its potential to reach new highs. Analysts like Crypto Sheriff and CryptoELITES are optimistic about the token’s future, while others urge caution, emphasizing the importance of breaking resistance levels to confirm a bullish trend. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Believes SHIB Will Hit New All-Time High In This Bull Cycle appeared first on Times Tabloid .