253 days ago
The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price recovery over the past 24 hours amid the broader market rally. After hitting a five-month low of $0.00001274 on July 5, the coin has gained 8% in the past 24 hours and is up a steady 20% over the past week. However, a prediction report published by Forbes suggests that the Ethereum-based altcoin is poised for major price gains throughout the rest of the year and may even surpass all-time highs. Expert Insights For SHIB According to the report, industry experts such as Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, offered a prediction for SHIB’s price by 2024-2025, ranging from $0.0001 to $0.0003, depending on favorable market conditions and continued ecosystem development. This would position SHIB’s price for a potential gain of 416% in the scenario of reaching the $0.0001 mark and even a substantial increase of 1440% in the case of reaching the $0.0003 benchmark. Related Reading: Ark Invest’s Bitcoin Report: Why They Bet Big On BTC’s Recovery On the other hand, Utkarsh Tiwari, Chief Strategy Officer of KoinBX, emphasized the difficulty of predicting cryptocurrency prices, including SHIB. Nevertheless, he noted the bullish sentiment surrounding SHIB and suggested a more conservative approach, stating a potential price range of $0.0000298 to $0.0000396 by the end of 2024. Tiwari also highlighted the importance of monitoring price movements, stating that if SHIB surpasses $0.00003682 and continues its upward trajectory, it could target $0.00006697 in 2024. Conversely, a price reversal could see SHIB drop to $0.000010, indicating the presence of decline risks. Shiba Inu Price Predictions According to the prediction algorithm of the crypto data platform Coincodex, Shiba Inu’s price predictions for the coming years are as follows: 2024 Prediction: SHIB is projected to trade between $0.00001453 and $0.00003859, with the upper price target representing a potential increase of 123.30% to reach $0.00003859. 2025 Prediction: Coincodex predicts SHIB will trade between $0.00001453 and $0.00007515 in 2025. Reaching the higher value target would signify a significant increase of 332.26% to reach $0.00007515. 2030 Prediction: The price prediction for Shiba Inu in 2030 ranges from $0.00002237 on the lower end to $0.00006428 on the higher end, with the upper price target indicating a potential gain of 270.72% to reach $0.00006428. Possibility of Reaching $0.01: While the enthusiasm surrounding SHIB is evident, reaching $0.01 would require a staggering gain of 46,144.44%. However, according to Coincodex’s prediction algorithm, SHIB is unlikely to reach $0.01. According to the algorithm, the highest expected price is estimated to be $0.000852 by January 1, 2049. Related Reading: Why Is The Ethereum Price Up Today? At the time of writing, SHIB is trading at $0.0001939, still recording losses of 6.7% in the monthly time frame, illustrating the price correction the meme coin has undergone. According to CoinGecko data, it is still up 141% in the year-to-date time frame. Featured image from DALL-E, chart from TradingView.com
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20% of Top Korean Officials Own Millions In Crypto Assets: Report
The post 20% of Top Korean Officials Own Millions In Crypto Assets: Report appeared first on Coinpedia Fintech News As per a recent disclosure , a report by the Korean government’s Public Officials Ethics Committee shows that a significant number of public officials are embracing cryptocurrency. On 27th March, the Korean government’s Public Officials Ethics Committee released the regular updates on public officials’ assets for 2025. According to the Korean Cultural Daily, 411 out of 2,047 public officials (about 20.1%) hold cryptocurrency, with a total value of 14.4 billion won (around $9.8 million). Notably, two out of 10 high-ranking public officials held virtual assets and the average holding per person was found to be 35.07 million won. Seoul City Councilor Kim Hye-young Tops The List Among them, Seoul City Councilor Kim Hye-young tops the list, with an impressive 1.7 billion won, which is about $1.27 million in Digital assets. Council Member Kim owns 16 types of cryptocurrencies, including 0.00144591 Bitcoin. Additionally, her spouse and eldest son also hold ETH, DOGE, and XRP. She reported holding 0.01226935 Ethereum, around 472 Dogecoins, and approximately 519,004 Ripples, along with about 3,336 Ripples owned by her eldest son. Seoul City Councilor Choi Min-gyu stood second with a reported 1.62 billion KRW in virtual assets, including nearly 410,000 Ripples and thousands of Artidiums and Ads. Close behind is, Kim Ki-hwan, CEO of Busan-Ulsan Expressway, with 1.43 billion KRW in crypto, holding over 150,000 Luna Classics and a range of other altcoins. Growing Trend of Government Officials Investing In Crypto Besides, several high-ranking public officials in South Korea, including Kim Dae-hwan, Oh Moon-kyo, and Park Byeong-chun, have significant cryptocurrency holdings. These officials are part of the top 10, with assets ranging from KRW 270 million to over KRW 1.3 billion. The disclosure of their crypto assets follows new regulations requiring public officials to report their holdings. This marks a growing trend of government figures investing in virtual currencies, highlighting a shift in how traditional officials are engaging with the evolving financial landscape. NewsBTC
