Bessent's nomination could accelerate US adoption of digital assets, potentially reshaping economic policy and global financial dynamics. The post Trump taps pro-Bitcoin Scott Bessent as Treasury secretary appeared first on Crypto Briefing .
Shiba Inu (SHIB) is currently consolidating after a massive rally earlier this month, which saw the token surge to $0.00003046 (on Binance). However, the momentum waned as SHIB retraced to levels below $0.00002303. With Bitcoin witnessing a push towards $100,000, SHIB investors have urged the development team to implement strategies that could catalyze a substantial rally Key Catalysts For Shiba Inu Price In response to these appeals, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, addressed the community’s concerns by highlighting SHIB’s achievements and catalysts which will enhance the SHIB token valuation. Emphasizing the token’s prominence on the Ethereum blockchain, Kusama first stated via X: “‘Hey dude send Shib to the moon.’ Checks we are still #1 eth token in the world.” Addressing the notion that SHIB is merely a get-rich-quick scheme, a user commented: “What people don’t get is this token is about function and not just get rich quick.” Kusama agreed, replying that a superior technology and adoption are the key catalyst for the Shiba Inu token price: “Because through function we change the world and wagmi. No leader. Lots of tech. Unparalleled vision in the entirety of crypto. What more can you ask for?” Kusama wrote. Related Reading: Shiba Inu Could See A 53% Surge If This Resistance Breaks, Analyst Explains The conversation also turned to SHIB: The Metaverse, a project anticipated to drive broader adoption of the Shiba Inu ecosystem. When asked about its launch, Kusama revealed: “I expect a MV update in the Shib Mag soon :)” SHIB: The Metaverse is envisioned as a virtual world within the SHIB ecosystem, offering a digital playground where users can socialize, game, and trade digital assets. This metaverse aims to integrate Shiba Inu’s community, tokens, and services like ShibaSwap into a cohesive online environment. Users will be able to purchase virtual land, create unique experiences, and potentially mirror real-life businesses. Concerns about competition from other meme tokens were also addressed by Kusama. When a user asked about the competition from Dogecoin (DOGE) and BONK, Kusama emphasized that the SHIB ecosystem will be on an enterprise level: “I hope all memes do well so that wagmi. But they are playing ‘I Declare War’ and I am on the enterprise playing multilevel chess with the shields raised saying Check to a Klingon. #kipla” he stated. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike Further emphasizing upcoming developments, Kusama announced via X: “Analysis: Shib is still King! Bone is key. Leash is strong. TREAT is Coming.” He added shortly after: “Reminder that TREAT released by Shib Core is not yet available.” The TREAT token, designed as an access key to advanced features within the Shiba Inu ecosystem, is set to be released soon. This token will complement the existing SHIB, BONE, and LEASH tokens, each serving distinct roles within the ecosystem. While LEASH focuses on exclusivity and BONE on technology, TREAT will unlock advanced functionalities, enriching the overall user experience. In July, Kusama elaborated: “As you may know, Shib is home to a variety of tokens, including Shib, Bone, Leash, and our upcoming unreleased token: TREAT. Each token has its own utility and governance, and TREAT is the access token to all the advanced features of our system, in contrast to Leash, which is about exclusivity, or Bone, which focuses on technology.” Hinting at another potential catalyst, Kusama retweeted a post by artchick.eth (@digitalartchick), who speculated: “Memecoin ETF within 10 months.” Kusama commented: “I didn’t say it…. but I did RT it.” The prospect of a memecoin ETF in the United States is significant. Similar to the US spot Bitcoin and Ethereum ETFs, a memecoin ETF could attract substantial inflows from investors currently unable to access memecoin markets. Given its status as the second-largest memecoin by market capitalization, Shiba Inu would be a prime candidate for inclusion. At press time, SHIB traded at $0.00002502. Featured image from Shutterstock, chart from TradingView.com
India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024.
Blockchain experts are turning their focus to a newcomer in DeFi. Established platforms like Aave and Fantom are now sharing the spotlight with ZircuitDEX. There’s mounting excitement over which cryptocurrencies might be poised for growth. The reasons behind this shift could reveal key trends shaping the future of decentralized finance. Early Access to ZDEX:
Recent analysis by COINOTAG on November 23rd highlighted a significant net capital influx of $490 million into U.S. Bitcoin spot Exchange-Traded Funds (ETFs). The predominant contributor, BlackRock’s IBIT, accounted for
Sweepstakes have always promised big prizes—cars, homes, vacations. Now, crypto sweepstakes are taking that excitement further. With blockchain, players can trust the system and enjoy the game like never before. Blockchain technology brings transparency, fairness, and trust. Unlike traditional sweepstakes, blockchain systems ensure every transaction is clear and verifiable. This removes doubts about fairness and
On November 23rd, data sourced from Farside Investors and the Bloomberg Terminal revealed noteworthy net inflows into the U.S. Ethereum spot ETF, totaling $92.3 million. This increase signals a positive
Toncoin (TON) faces significant challenges as selling pressure intensifies amidst a notable rise in exchange inflows. Despite a daily price surge of 1.83%, Toncoin struggles to break free from the
Since the inception of Dogecoin, memecoins have been popular among crypto enthusiasts, and again, they performed well in the first base breakout at the bull rally. While DOGE consolidates after the recent runup, Shiba Inu (SHIB) has retraced significantly to the 0.5 Fibonacci level. However, memecoins mostly move because of the hype around them that The post Price Targets For Memes in 2025: $2 For DOGE, $0.2 For SHIB, But This Hybrid Token Beats Them All appeared first on Times Tabloid .
TON was experiencing strong selling pressure as total inflow to exchanges surged by 37.54% in 24 hours.