DeFI News by Thebittimes.Com

Ripple’s XRP token and Solana (SOL) are among the most popular cryptocurrencies in the market. While both projects have a loyal fanbase, SOL’s $72 billion market cap is more than twice that of XRP’s $30 billion. SOL is currently down by about 40.4% from its all-time high of $259.96, which it attained in November 2021. XRP, on the other hand, is down by 84% from its peak of $3.40, reached in January 2018, more than six years ago. Also Read: Neiro Coin’s 5540% Surge: Will the Rally Continue? What Is Keeping Both Assets Down? SOL took a massive hit after FTX collapsed in November 2022. The asset’s price fell below $10 in late 2022 but has since made an incredible comeback. XRP’s price has struggled to gain momentum over the last few years due to Ripple’s lawsuit with the SEC. The fintech company settled the lawsuit with a $125 million fine, and XRP does not seem to have any legal issues. Let’s find out which asset will hit a new all-time high first...

The Shiba Inu (SHIB) ecosystem stunned the globe with its upward trajectory since its inception. The meme coin changed the lives of many following its rally in 2021. This year, SHIB surged to its all-time high of $0.00008845. The asset currently remains 85% below this peak. At press time, SHIB was trading at $0.00001316, with a 1.30% drop over the last 24 hours. Amidst this volatility, Lucie, the marketing expert at SHIB, hinted at the possibility of the meme coin repeating its August 2021 rally, which was considered a turning point for the asset. Also Read: Can Shiba Inu (SHIB) Reach $0.01 Before 2050? Analyzing SHIB’s Past and Future Performance Source Looking Back At August 2021 The 2021 Rally The meme coin reportedly spiked significantly between January and May 2021. Following its peak in May, the asset dipped by over 35% over two months. However, the asset ended its consecutive monthly losses in August 2021 after surging by 9.77%. Shiba Inu had a massive increase in October 2...

Shiba Inu is once again grabbing the headlines. SHIB is currently retracing its steps and trading at a low price of $0.0000136. With bustling news of the Iran-Israel war, Bitcoin may take a dip in the process, drastically affecting the prices of altcoins. Here’s how Shiba Inu may perform in mid-August 2024. Also Read: Shiba Inu 4 Month Forecast: Here’s How SHIB May End 2024? Analysis ">Shiba Inu: Technical Analysis Impact of the Israel-Iran War The brewing Israel-Iran War is now catching pace. With new intelligence reports at hand, the news of Bitcoin tanking to new lows is raging on the internet, with speculatory bandwagons running in full swing. A notable X-handle trader has posted how Bitcoin may document a steep fall in its price if the war situation worsens. BTC can hit as low as $38K, significantly impacting the altcoin market. The situation can propel SHIB to document a new low, which may take a while for the token to recover and redeem. Per intelligence reports, Middle ...