Recent crypto news shows Shiba Inu facing pressure from near-zero trading volumes, XRP’s network surging with new accounts and transactions, and Bitcoin potentially benefiting from gold’s rally as predicted by analyst Tom Lee.
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Shiba Inu struggles with declining volumes near zero, trapping prices in consolidation and stalling recovery.
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XRP network experiences a sharp rise in new accounts, doubling to nearly 9,900 on October 30, alongside over 1 million payments.
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Tom Lee predicts Bitcoin could reach $1.6 to $2 million, drawing parallels to gold’s recent all-time high rally.
Discover the latest crypto news: Shiba Inu volume crisis, XRP’s on-chain boom, and Bitcoin’s gold-linked surge. Stay informed on market shifts and expert insights for smarter investing today.
What is the current state of Shiba Inu price amid low trading volumes?
Shiba Inu price is under significant pressure as trading volumes approach zero on major exchanges, leading to market stagnation and limited upward momentum. The meme token remains confined to a narrow consolidation range around $0.0000102, struggling to attract fresh investor interest after a sharp October decline. This low activity signals waning enthusiasm, potentially delaying any meaningful rally until volume rebounds.
How is XRP’s network activity surging and what does it mean for the token?
The XRP network has seen a remarkable uptick in activity, with new account activations doubling in recent days to nearly 9,900 on October 30, according to on-chain data from network analytics platforms like XRPScan. This surge coincides with transactional volumes exceeding 1 million payments and over 1.2 billion XRP processed on November 1, indicating heightened user engagement. Experts suggest this growth could foster ecosystem momentum, potentially supporting price recovery as institutional and retail adoption increases, though underlying drivers remain tied to broader market sentiment and regulatory developments.
Frequently Asked Questions
Why is Shiba Inu trading volume nearing zero and what are the risks?
Shiba Inu trading volume is nearing zero due to reduced investor participation following October’s price crash, with the token stuck in a tight range near $0.0000102. This stagnation risks further downside if buying pressure doesn’t return, potentially leading to prolonged consolidation or additional losses amid broader meme coin fatigue.
What impact could gold’s rally have on Bitcoin’s price according to Tom Lee?
Tom Lee, chairman of Bitmine Immersion Technologies, suggests gold’s recent all-time high acts as a leading indicator for Bitcoin, potentially boosting its value to $1.6 to $2 million if gold reaches $5,000 per ounce. He explains that dividing gold’s market cap by Bitcoin’s supply yields this range, viewing it as a bullish signal for BTC’s long-term terminal price in a diversifying asset landscape.
Key Takeaways
- Shiba Inu Volume Decline: Near-zero trading signals investor disinterest, keeping prices trapped and underscoring the need for catalysts to restart momentum.
- XRP Network Surge: Over 9,900 new accounts and 1.2 billion XRP in payments highlight growing utility, which could drive adoption and price stability in the coming weeks.
- Bitcoin’s Gold Correlation: Analyst Tom Lee’s prediction ties BTC’s future to gold’s performance, offering optimism for substantial gains as traditional assets influence crypto trends.
Conclusion
In summary, the latest Shiba Inu price developments reveal ongoing challenges from low volumes, while XRP’s network surge points to promising on-chain growth, and Tom Lee’s insights on gold’s rally bolstering Bitcoin value add a layer of bullish anticipation. As the crypto market navigates these dynamics in 2025, investors should monitor volume indicators and network metrics closely for informed decisions, positioning themselves ahead of potential recoveries and innovations.
Shiba Inu Price Faces Pressure as Trading Volume Nears Zero
The Shiba Inu token, often abbreviated as SHIB, is encountering substantial headwinds in the current market environment. Trading volumes have plummeted to levels perilously close to zero across prominent exchanges, a development that threatens to undermine any nascent rally. This decline in activity reflects broader investor caution toward meme-based cryptocurrencies, which have historically relied on high volatility and community-driven hype to sustain price movements.
Market data from platforms like CoinMarketCap and TradingView illustrate this stagnation vividly. SHIB’s daily trading volume has shrunk by over 70% in the past month, dipping below $100 million on several occasions. This paucity of liquidity not only hampers price discovery but also amplifies the impact of even minor sell-offs, creating a feedback loop of reduced participation. Analysts from firms such as Messari note that without an influx of fresh capital, SHIB risks entering a prolonged period of sideways trading, eroding confidence among holders.
From a technical perspective, SHIB has been ensnared in a narrow consolidation pattern since mid-October, oscillating between $0.0000100 and $0.0000105. The token is currently hugging an ascending short-term trendline on daily charts, but the lack of volume fails to validate any breakout attempts. Key support levels around $0.0000095 remain untested recently, yet the overall bearish sentiment—fueled by macroeconomic pressures like rising interest rates—suggests vulnerability to further downside. Community discussions on platforms like Reddit and Twitter highlight frustration, with many attributing the slump to fading meme coin enthusiasm post-2021 bull run.
XRP Network Sees Surge in New Accounts and Transaction Volume
Ripple’s native token, XRP, is experiencing a notable resurgence in network fundamentals, marked by a sharp increase in new user accounts and transactional throughput. This on-chain vitality comes at a pivotal time, offering hope for revitalized market interest amid ongoing legal clarity for Ripple Labs.
According to aggregated data from the XRP Ledger explorer, new account creations spiked dramatically on October 30, reaching 9,899—a figure that more than doubled from preceding days and represents one of the highest single-day totals in 2024. This influx points to expanding adoption, possibly driven by integrations in cross-border payment solutions and DeFi applications built on the XRP ecosystem. Transactional metrics further corroborate this trend: on November 1, the network processed over 1.04 million payments, with a corresponding volume surpassing 1.2 billion XRP tokens. Such activity levels harken back to peaks during 2023’s partial regulatory wins for Ripple.
The implications for XRP’s price are cautiously optimistic. While the token trades around $0.52, the heightened engagement could catalyze a breakout from its current resistance at $0.55. Experts from Chainalysis emphasize that sustained user growth often precedes price appreciation in utility-focused blockchains like XRP. Potential catalysts include upcoming partnerships in emerging markets and enhanced interoperability with other ledgers. However, external factors such as global economic uncertainty could temper gains, making it essential for investors to track ledger metrics via tools like XRPL.org for real-time insights.
Tom Lee Says Gold Rally Could Boost Bitcoin’s Future Value
Prominent Wall Street strategist and crypto advocate Tom Lee has articulated a compelling case linking traditional safe-haven assets to Bitcoin’s trajectory, predicting substantial upside based on gold’s performance. As chairman of Bitmine Immersion Technologies, Lee’s commentary carries weight in financial circles, blending macroeconomic analysis with cryptocurrency forecasting.
In a discussion highlighted by Bitcoin historian Pete Rizzo and shared via Anthony Pompliano’s network, Lee posited that gold’s breakthrough to new all-time highs above $2,700 per ounce serves as a harbinger for BTC. He argues that precious metals often lead risk assets in inflationary environments, with Bitcoin positioned to “catch up” as a digital store of value. This perspective aligns with historical correlations observed during periods of fiat currency debasement, where both gold and Bitcoin have benefited from investor flight to non-sovereign assets.
Delving into specifics, Lee outlined a scenario where gold climbs to $5,000—an ambitious but plausible target amid geopolitical tensions and central bank buying. Applying a market cap parity model, he divides gold’s projected $12 trillion capitalization by Bitcoin’s 21 million supply cap, arriving at a per-coin valuation of $1.6 to $2 million. This forecast eclipses many conservative estimates and underscores Lee’s long-term bullishness, tempered by short-term volatility risks. Data from Bloomberg supports the gold-BTC linkage, showing a 0.6 correlation coefficient over the past year. For investors, this insight reinforces diversification strategies, watching gold ETF inflows as a proxy for Bitcoin’s next leg up.
The confluence of these developments paints a nuanced picture of the crypto landscape: selective pressures on speculative assets like SHIB, foundational strengthening for enterprise tokens like XRP, and macro-tailwinds for BTC. With total market capitalization hovering near $2.5 trillion, selective rotation among assets remains key. Stakeholders should prioritize due diligence, leveraging on-chain analytics and expert analyses to navigate volatility effectively.
