The recent news surrounding Ripple, its native token XRP, and the popular memecoin Shiba Inu (SHIB) has been generating a lot of interest in the crypto community. we will delve deeper into what has been happening in recent days and discuss the latest price predictions from experts.
Firstly, there are rumors about Ripple potentially filing for an initial public offering (IPO) or announcing an agreement with the US Securities and Exchange Commission (SEC). Ripple is holding a celebratory event in New York City to mark its partial victory against the SEC, and some speculate that there may be more to the event than meets the eye.
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According to a poll organized on Twitter, over 40% of voters believe that Ripple may indeed be considering an IPO. Analysts have suggested that an IPO by Ripple could act as a catalyst for the price of XRP. One analyst, Collin Brown, has even predicted that XRP could skyrocket to $10 shortly after the “big day.”
However, not all predictions are as optimistic. While some analysts believe a $10 price level for XRP is possible, others have put forth more realistic predictions. For example, one analyst presented a chart showing that XRP could reach $2 if it manages to close a monthly green candle above $0.83. It is important to consider these different perspectives and evaluate the likelihood of various price scenarios.
Moving on to Shiba Inu, there have also been recent developments related to this popular memecoin. The Shiba Inu team has decided to renounce the BONE contract, which means they are relinquishing control and ownership of the coin. BONE is a governance token for the decentralized exchange ShibaSwap. This news has had a significant impact on the price of BONE, causing it to reach a two-week high of $0.92 before slightly retracing to around $0.86.
Additionally, Shibarium’s Marketing Strategist, known as LUCIE, unveiled important details about an upcoming application called Shiba Hub. This application aims to strengthen the Shiba Inu community through sharing, connectivity, and creative efforts. According to LUCIE, the app will serve as a “gateway to something extraordinary.”
In conclusion, the Ripple IPO rumors and the advancement of Shiba Inu have been grabbing the attention of the crypto community. Price predictions for XRP range from the optimistic to the more realistic, and developments in the Shiba Inu ecosystem continue to unfold. It will be interesting to see how these stories evolve in the coming days and what impact they will have on the respective token prices.