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Shiba Inu (SHIB) has had a rough year so far, having fallen approximately 44.88% from its January 1 opening price. Nonetheless, the token has still been a somewhat profitable investment for early adopters. Here’s how much you’d have if you’d had the foresight to invest $10,000 in SHIB back in June 2022. A $10,000 investment in SHIB in 2022 On June 20, 2022, Shiba Inu was trading at an opening price of $0.000008208, according to data from CoinMarketCap.  In other words, a $10,000 investment back then would have translated to roughly 1,217,920,0002 SHIB tokens in your crypto wallet. The price at that point was the culmination of a gradual downtrend that started in October 2021. While the price had its short-term ups and downs in the following period, the token only managed to pick up some steam 20 months later, in February 2024. As a result, the price climbed to $0.00003504 on March 10, 2024. Afterwards, SHIB went on another decline. It briefl...

XRP has been making a lot of headlines in the past several years due to Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).  But what would have happened if you invested $10,000 into XRP three years ago? A $10,000 investment in XRP in 2022 On June 1, 2022, XRP was trading at $0.4219 in the opening, according to the data provided by CoinMarketCap.  A $10,000 investment back then would have thus equated to approximately 23,692 XRP. XRP’s price at that time was actually the result of a steady decline that began in December 2021. In the following months after June 2022, the token managed to bounce a bit and maintain a price of over $0.40 during the final quarter of the year. The first four months of 2023 were somewhat volatile again, with XRP dipping as low as $0.3771 on March 1 and rising as far as $0.5385 on April 1. For the next 18 months or so, the token kept bouncing from the high $0.40s to low $0.60s befo...

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Shiba Inu and XRP are among the most sought-after assets in the broader cryptocurrency markets. Investors are curious about their price rises, as they can generate massive profits during a bull run. Taking an entry position during its lows can bring better fortunes when a rally kicks off. In this article, we will explain which one of these cryptocurrencies can double in price first and generate 100% profits. Also Read: BlackRock Confirms XRP ETF Talks as Trader Places $6M Bet Amid $3 Target Which Cryptocurrency Has a Higher Chance of Spiking 100% First: Shiba Inu or XRP? Source: Watcher Guru Ripple’s native cryptocurrency XRP, has higher chances of doubling in price first than Shiba Inu in the current market scenario. XRP is a token that runs independently with its own strengths and weaknesses and depends minimally on Bitcoin’s performance. On the other hand, SHIB runs in tandem with Bitcoin’s price and depends and its performance depends on the market’s ability....

The OG meme cryptocurrency Dogecoin (DOGE) has emerged as one of the most popular assets this year. From garnering endorsements from the world’s richest man to climbing up the cryptocurrency ladder, DOGE has seen it all. Despite all the adoration that the meme coin gets, the asset has failed to reach the $1 mark. This, however, did not stop investors from becoming millionaires. Also Read: Citi Predicts Gold Prices Could Hit $3,000 in 3 Months Analyzing Dogecoin’s Current Market Source: Bitpanda Dogecoin entered the market as a mere meme. But its price growth was no joke. The asset has grown by 44982.41% since its introduction. Back on February 7, 2014, the meme coin was trading at a low of $0.00130. Following a massive uptick, DOGE rose to an all-time high of $0.7376 in May of 2021. Despite garnering an annual growth of 220%, Dogecoin continues to remain far from its peak. At press time, the asset was priced at $0.252 after enduring a 4.42% drop over the past 24 hours. Sourc...

Cryptocurrencies have added over $800 billion in capitalization since September, with $465 billion inflowing in the last five days alone. As a bull market starts and greed dominates the crowd’s sentiment, trading experts share their experience with excited beginner investors. In particular, the expert long-term crypto and stock investor Jelle went to X on November 10 to share his insights. According to him, we have entered the “genius season,” when most investors will feel like geniuses while making significant money. Another analyst had previously described this as a market that rewards “dumb bulls” more than “smart bears,” as Finbold reported. Picks for you R. Kiyosaki explains how to not be a loser during ‘this giant crash’  27 mins ago ...

Dunamu reported a net profit of $23 million in the third quarter of 2023, a steep drop compared to the $123 million it earned in Q3 2022. Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year.  The company reported a net profit of 159.9 billion Korean won (KRW), worth around $123 million, in 2022 Q3. However, on Nov. 28, the company said that in the third quarter of this year, it could only generate 29.5 billion KRW, worth around $23 million. This marks a drop of 81% in the company’s net profit . The firm cited a “sluggish investment market” due to an economic downturn as the reason for its sales drop. In addition, Dunamu noted that the decline in net profit was because of the drop in the prices of virtual assets compared to the previous quarter.  Nevertheles, Dunamu believes that popularizing blockchain services will be a key driving force i...

If you don’t know where the yield is coming from, you are the yield. This week’s episode of Market Talks discusses how DeFi platforms generate a profit and if high yields are sustainable. This week’s episode of Cointelegraph’s  Market Talks  welcomes Alvin Xu, the co-founder and CEO of Maverick Protocol, a platform that is taking a new approach to building decentralized finance (DeFi) infrastructure. Xu has been in the crypto space since 2018, and before co-founding Maverick, he led products and ecosystems across MetaMask, Abra Wallet, BitTorrent and the Tron Foundation. The show kicks off with a discussion about the Ethereum Community Conference in Paris, where Xu was a guest. He gives the inside scoop on all the latest updates and developments from the conference. Capital shift is an issue in DeFi, with money constantly rotating into different protocols and blockchains. How can protocols create real products that are sustainable when users just chase after yield and airdrops? Xu ex...