The cryptocurrency market remains under pressure from uncertainty, but analysts discuss growth opportunities for tokens like SHIB and XRP while highlighting the recent audit success of BlockDAG.
SHIB: Price Hopes Tied to Bitcoin
Price predictions for SHIB remain optimistic, despite the need for a 75,000% increase to reach $0.01. While token burns are still a key community strategy, new data shows that SHIB’s 30-day correlation with Bitcoin has reached 92%, indicating that a BTC rally may also lift SHIB.
XRP News: ETF Delays and Legal Issues
Key events surrounding XRP involve delays in SEC’s decision on the ETF. Specifically, the SEC has extended the review of Franklin Templeton’s ETF by 45 days, while Ripple and the SEC have temporarily paused their appeals, raising speculation about a potential settlement. Analysts suggest that XRP-based ETFs could attract up to $8.3 billion in their first year.
BlockDAG: Successful Audits Ahead of Public Trading
BlockDAG has successfully passed security audits conducted by companies like CertiK and Halborn. The successful completion of these audits has confirmed the reliability of the project ahead of its market debut. To date, over $229 million has been raised, with 19.8 billion BDAG coins sold in various batches, signaling strong market support from over 170,000 unique holders.
Amidst the predictions for SHIB and XRP news, the successes of BlockDAG create new opportunities in the crypto market. Ongoing legal challenges and the dependence of tokens on Bitcoin's market dynamics continue to influence investment expectations.
