Crypto community high on hopes after positive signals from India, Russia govts

Crypto community high on hopes after positive signals from India, Russia govts
My Additional comments:
1. After the initial green signals from India and Russia, what is next for Crypto Industry?
With the green lights from India and Russia, we are seeing an increase in Bitcoin’s spot volume in the last 24 hours on BigONE Exchange. The pricing of BTC has also increased by more than 2.5%. A huge country like Russia that embraces crypto is positive news for the whole world. We have seen more retail investors in the communities starting to feel comfortable and bullish. This is especially so in the meme coins’ communities. Still, I want to caution all that the bullish shift could be short term as it still appears negative in the charts for the longer term. With India and Russia taking their stand on crypto, I will do many other countries taking reference from them and following their footsteps. Some of the other countries that I am giving advice on are also more receptive after two big countries accepted cryptocurrencies.
2. Do you think that different regulations around the globe will help the industry or the world should come as one?
The world would not and should not come as one as it is not feasible for most nations. Cryptocurrencies are seen as bridges between worlds and the new regulations in place will serve as a financial connector between countries. This could also mean that cryptocurrencies would be further scrutinized, monitored and monitored. Those who see decentralisation as removing control and governance will not be happy with regulations. While those who really want crypto to grow will see the acceptance by the regulators as a sign of further disruptions.
3. What would be the key concerns of industry, post regulations?
There will be a lot of changes post regulations. We will see the real issues when the countries start to implement and allow crypto into their system fully. I hope the other countries can use Singapore’s sandbox model for instance to simulate the possible scenarios before going into full-scale implementation. There should be awareness programs in the country to tell new users what is crypto, the ups and downsides of investing in crypto and other taxations issues too. The education process will empower users to make better decisions, hence fewer headaches for the regulators.

Crypto community high on hopes after positive signals from India, Russia govts

Synopsis

Crypto industry at large is positive on the announcement and believes that the governments across the world are stepping ahead to take a big awaited call in the digital assets

After Russia’s intentions to regulate crypto, players in India and across the globe are high on hopes over the new-age asset class.

They are expecting that two major nations – India and Russia – have stepped ahead for the legitimisation of the crypto assets, and more major economies may join the forces soon.

However, India has made it clear that the legitimate or illegitimate are separate questions and the government is simply taxing the gains from the crypto transactions, which is its sovereign right.

On the other hand, the Putin government is eyeing crypto regulations, bucking the recommendation from its central bank to ban the mining and trading of the private digital tokens.

Crypto industry at large is positive on the announcement and believes that the governments across the world are stepping ahead to take a big awaited call in the digital assets.

Anndy Lian, Chairman, BigONE Exchange said that a country like Russia embracing crypto is positive news for the whole world. More retail investors in the communities are starting to feel comfortable and bullish, especially on memecoins.

“With India and Russia taking their stand on crypto, many other countries may take reference from them and follow in their footsteps,” he added.

Sathvik Vishwanath, Co-Founder and CEO, of Unocoin said that it will be a matter of time before more and more countries start looking at the crypto industry in a positive way.

The ones who had shied away from cryptos in the past are changing their perspectives and Russia is one of them, he added. “On the other side India has taken the wait and watch policy, but is not opening up with its views.”

Crypto fanatics, who see decentralisation as removing control and governance, will not be happy with regulations put across by the authorities across the globe.

Dileep Seinberg, Founder and CEO, Thinkchain said that every nation is likely to have its own cryptocurrency, with a potential to build a crypto-economy globally.

However, the industry players do not believe that the world should join the force and come as one to regulate the crypto assets uniformly. They do not see this as a viable option.

Cryptocurrencies are seen as bridges between worlds and the new regulations in place will serve as a financial connector between countries, said the experts.

The world would not and should not come as one as it is not feasible for most nations, said Lian of BigONE. “This could also mean that cryptocurrencies would be further scrutinized, monitored and monitored.”

It would be an unrealistic home for specific guidelines to be applicable for the entire world as one. At the tech level there definitely is uniformity irrespective of which country it is working in.

“The taxation, regulations, and enforcement differ which needs to be handled by the governments within the country,” said,” Vishwanath of Unocoin.

Once the regulations are out in different parts of the world, there will be a lot of changes through. However, experts said that governments, authorities and regulators should primarily focus on education and awareness about the asset class.

“We will see the real issues when the countries start to implement and allow crypto into their system fully,” Lian said. “I hope the other countries can use Singapore’s sandbox model for instance to simulate the possible scenarios before going into full-scale implementation.”

“Most important industry concerns would not come from technology but to see if few companies can monopolies like any other industry in the world,” said Sienberg. “This might damage the very fabric of the decentralised crypto world.”

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu, a dog-themed meme currency created in August 2020 by the anonymous founder Ryoshi has soared recently, hitting an all-time high last month.

Named after the same breed of Japanese dog featured in dogecoin, shiba inu tagged itself as “the dogecoin killer” when it launched in 2020.

As an ERC-20 altcoin created on the Ethereum blockchain, shiba inu is rooted in community involvement and the project may serve to alter rigid traditional financial structures through the power of collective decentralisation.

According to its white paper, shiba inu is a community-run token led by 120,000 members who participate in spontaneous community building within an ecosystem that is run by its own decentralised exchange (DEX).

The SHIB crypto is the first token to be listed on ShibaSwap, a proprietary DEX which aims to provide an ecosystem where cryptocurrencies can be traded safely.

In May 2021, shiba inu famously sent half of its total supply – 50 trillion coins – to Ethereum creator Vitalik Buterin through his publicly available ETH address.

Buterin then burned 90% of the shiba inu tokens in his possession, which amounted to a total sum of $6bn, according to data from Ethereum, and donated the remaining coins to a Covid-19 relief fund in India.

This week crypto exchange Kraken listed shiba inu, which is now tradeable against the US dollar and the euro with a trading minimum of 50,000 shiba inu. The exchange noted a price precision of eight decimal places and a quantity precision of five decimal places.

At the start of this month, Kraken teased that it would list the SHIB coin if one of its posts on Twitter received 2,000 likes but the post ended up garnering over 80,000 likes.

What’s more, shiba inu entered into the top 10 biggest cryptocurrencies on 28 October 2021 as the eighth highest-ranking coin on CoinMarketCap, jumping ahead of dogecoin and polkadot, though it has since fallen back to 12th place.

SHIB price analysis: Technical view

On 9 May this year when Elon Musk criticised dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, SHIB rallied to $0.00001842, hitting $0.00003208 on 11 May 2021.

The price then consolidated, trading within the $0.000006 to $0.000008 range until 7 October 2021, when it climbed to $0.00003112.

On 28 October this year, SHIB achieved the all-time high of $0.0000844, a rise of 173% over the preceding seven days. Only a week earlier, on 18 October 2021, SHIB had been trading at $0.00002829.

However, the price retreated to $0.00004459 on 4 November 2021, dropping to as low as $0.00003821 on 24 November – quite a sharp fall considering that the coin had hit its all-time high just 28 days earlier.

The price of SHIB has since climbed to $0.0000538 on 30 November 2021. This latest rebound activated a bull flag pattern when SHIB’s price broke above the flag’s upper trendline. This price rebound on 30 November 2021 could be attributed to SHIB being listed on Kraken that same day.

Based on a year-ago price of $0.000000000173 on 8 November 2020, SHIB is up more than 80,000,000% over the past year. On 30 November 2021, SHIB’s price climbed by more than 30% to $0.0000538, a surge that comes in the wake of broader price rebounds across other well-known crypto assets, though it fell back to $0.00004622 on 1 December.

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Technical analysis provided by CoinCodex shows that short-term sentiment on SHIB is bullish, with 20 indicators displaying bullish signals compared with five bearish.

The daily simple and exponential moving averages are giving strong buy signals, according to data from TradingView, while the relative strength index (RSI) is at 50.59 as of 1 December 2021.

An RSI reading of 70 or above indicates that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price.

Catalysts for SHIB’s price

A number of catalysts have contributed to SHIB’s growth. Although Elon Musk has not publicly acknowledged the token, he sent a cryptic text-based image of a dog holding a rocket on 18 October this year which was interpreted as a reference to the “to the moon” symbol, which led to a 20% rise in shiba inu’s price.

In the same month, on 4 October, SHIB gained further traction after Musk posted a picture of his own shiba inu, Floki, on Twitter.

Earlier this year, Elon Musk criticised SHIB’s main rival dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, which provided a boost to the SHIB coin.

Also, a recent petition listed on Change.org which urges the Robinhood trading platform to list SHIB has become one of the highest ranking petitions on the platform, garnering over a million signatures.

Finally, in July this year, ShibaSwap was launched, which has further helped liquidity by allowing hodlers to stake their coins.

Anndy Lian, the chairman of BigONE Exchange, and the chief digital advisor for Mongolia’s national productivity agenda, believes that shiba inu has made its mark on the cryptocurrency space.

“Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong,” Lian told capital.com.
“The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run,” Lian added.
“Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let’s unite to grow the space – not just the coin,” Lian concluded.

What are the risks affecting the Shiba coin outlook for 2030?

As an ERC-20 token created on the Ethereum blockchain, SHIB faces high transaction fees and proceeding delays that are common on the blockchain network. For example, the average fee on Ethereum is currently $46.12, according to data from BitInfoCharts.

Also SHIB lacks real-world utility since only 372 merchants worldwide are accepting it as a payment, according to Cryptwerk – a scarcity which affects the shiba inu forecast. This risk is only intensified by the fact that in the past month alone, more than 1,900 new cryptocurrencies were listed on CoinMarketCap.

According to Whale Stats, a crypto whale under the alias Gimli, recently bought 24.8bn SHIB tokens in a purchase worth around $1m, which prompts concerns about the high concentration of coins in few hands.

Shiba coin price prediction for 2030

In terms of a SHIB coin price prediction (2030), algorithm-based forecasting service Wallet Investor gives a positive SHIB/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.000089 by November 2022, $0.000189 in November 2024 and hitting $0.000289 by November 2026.

Digital Coin Price supports the bullish SHIB coin price prediction, expecting the token to grow to $0.0000872413 in 2022, $0.0001369933 in 2025 and hit $0.0002061220 in 2028.

For a longer-term shiba inu coin price target, Coin Price Forecast predicts that the SHIB price could reach $0.00085111 by the end of 2030, while Price Prediction sees it reaching a maximum possible level of $0.001 by 2030.

The senior editor at OKEx, Hunain Naseer told Capital.com:

“SHIB is up after about a month-long downward price action post its ATH at the end of October this year. This recent price surge comes at the back of news about a metaverse shiba inu game reportedly set to be developed by a triple-A game studio. While details about the studio haven’t been revealed yet, gaming industry veteran William Volk has also joined the project, giving it more credibility”.
“As plans for this game continue to materialise, we could see SHIB surge in price. However, the speculative nature of the coin and its massive price spike this year remains a risk factor to be considered by potential investors.”

Note that cryptocurrencies are highly volatile and predictions are very often wrong. Forecasts shouldn’t be used as a substitute for your own research. Remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money. Never invest more than you can afford to lose and keep in mind that past performance is no guarantee of future returns.

 

Original Source: https://capital.com/shiba-inu-price-prediction-for-2030

How can I buy Shiba Inu token?

The simplest option is to buy Metamask to buy the token. When you click the buy button, you will be taken to a page with several options where you can purchase ether using your debit or credit card. When this is completed, you can swap ether (ETH) for shiba inu coin (SHIB) on ShibaSwap. Or you can head down to centralised exchanged such as Binance to buy it. Binance supports the deposit of more than 300 cryptocurrencies, several of which you can exchange for Shiba coin at some of the best rates in the market. You can directly purchase Shiba coin with credit card or debit card on Binance.

Who is Shiba Inu token?

Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as Ryoshi. It is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.

What is Anndy Lian's view on Shiba Inu token now?

Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong.

What is Anndy Lian's view on meme coins now?

The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run. Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let's unite to grow the space – not just the coin.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian Warns all: “If you are on high leverage, avoid liquidation.”

Anndy Lian Warns all: “If you are on high leverage, avoid liquidation.”

Elon Musk’s tweets have once again sent bitcoin on crazy times. He is playing games in the digital assets space. It is certainly alarming that a one-word tweet from the world’s richest man can make waves in the bitcoin space. Bitcoin has fallen below $43k because of this.

Although Elon Musk has clarified that his company, Tesla has not sold any bitcoin after the earlier suggested the opposite but the damages have already been done.

This is not the first time Musk is doing this. How much do we need to believe him? After all, I remember Elon also mentioned talking to Dogecoin developer, I wonder who he spoke to. Nothing much has been changed on Github for $doge for a long while.

Thanks, Jarosław Adamowski for citing my comments on Twitter to this article.  Around 6 hours before this message, I wrote this to warn some of my opportunist friends who are putting on high leverages to be careful when they thought they bought the dip. Some of them got burnt out from the dip.

“I urge all to be careful when buying cryptocurrencies. Do not be greedy and act on comments that are irresponsible, be it from Elon or some other ‘gurus’. It is your money and it is your life. Exercise with caution.” commented Anndy Lian.

 

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Fundstrat’s Tom Lee Boosts Bitcoin Target 25% Despite Musk’s Criticism

Tesla’s recent declaration it would no longer be accepting bitcoin (BTC), paired with bearish statements by its CEO Elon Musk, have done little to shake the certainty of investment research firm Fundstrat Global Advisors. The New York-based advisory business has increased bitcoin’s price target for 2021 to USD 125,000, up 25%.

“I don’t think it’s going to get people negative on bitcoin, but it is going to get people to focus on the problems that are being created by digital assets,” Tom Lee, Managing Partner of Fundstrat, told Business Insider. “It is probably better to view it as a call to action for the bitcoin industry to focus on renewables or more efficient ways to provide proof of work.”

Some of his previous forecasts were either too bullish or too bearish.

In either case, according to him, it was possible Musk was influenced by people within his organization.

“Many people come to Tesla because it’s ESG-friendly,” Lee said, making a reference to the environmental, social, and governance criteria screened by some investors. “I think some of these same people might’ve just questioned, well, if you want to accept a digital currency … maybe it shouldn’t be bitcoin”.

Tesla said last week that they are “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transaction especially coal, which was the worst emissions of any fuel.” A day before, Reuters reported that Tesla is seeking to enter the multi-billion dollar US renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals.

Also, per Business Insider, Lee said he’s undeterred by bitcoin’s waning market dominance, or the percentage of the total market capitalization, which currently fluctuates around 40%, according to various data providers. It was around 70% in the beginning of this year.

“Bitcoin dominance will actually grow during a bear market,” Lee was quoted as saying.

In its April analysis, Fundstrat estimated that bitcoin’s price target for this year was USD 100,000.

One of the factors behind Fundstrat’s forecast was that corporations would be entering the crypto market in a bigger way in 2021.

“We think this is starting to happen more and will be one new source for capital flows into the crypto economy,” the company said. “Even if Facebook didn’t buy bitcoin, corporates are coming, and it may not be reflected in earnings announcements yet.”

Jack Dorsey-led Square confirmed that their BTC strategy hasn’t changed and they are “deeply committed to this community, including working towards a greener future through our Bitcoin Clean Energy Initiative.” The company said it continues to assess their bitcoin investment “on an ongoing basis.” In February, Square said they spent USD 170m on BTC.

Meanwhile, according to Justin Chuh, Senior Trader at digital asset investment manager Wave Financial, “gravity and volatility” in the crypto market still exists.

“When combining fundamentals such as positive net inflows of BTC to exchanges, mixed with the previously mentioned technicals of lower high and lower low, we can ignore what large egos and influencers say, and see that a pullback was bound to happen. But we have to accept that those voices chirping around on social media aren’t helping and can actually make moves. This is healthy, but I think we all wish this didn’t happen,” he said in an emailed comment.

At 11:23 UTC, BTC trades at USD 44,610 and is down by 9% in a day and 23% in a week.
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Other insights:

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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