{"id":32915,"date":"2025-01-03T08:40:30","date_gmt":"2025-01-03T08:40:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32915"},"modified":"2025-01-03T08:40:30","modified_gmt":"2025-01-03T08:40:30","slug":"ripple-xrp-price-resurgence-shiba-inus-shib-burning-efforts-and-more-bits-recap-jan-3","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32915","title":{"rendered":"Ripple (XRP) Price Resurgence, Shiba Inu\u2019s (SHIB) Burning Efforts, and More: Bits Recap Jan 3"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple (XRP) surged 15% in early 2025, climbing above $2.40, potentially driven by the overall market recovery and Trump\u2019s upcoming inauguration.
\n44.6B Shiba Inu (SHIB) tokens were burned in 2024, reducing supply to 584.1T and boosting scarcity.
\nBitcoin (BTC) rebounded from a late 2024 dip to briefly cross $97,000. Analysts predict a potentially stellar year, with price targets ranging from $120,000 to $280,000.<\/p>\n

<\/a><\/span><\/h2>\n

XRP Starts 2025 on the Right Foot<\/h2>\n

Despite performing quite impressively in Q4 2024, Ripple\u2019s native token experienced a substantial correction just before New Year\u2019s Eve. Its price briefly plunged below $2, while the market capitalization dipped to approximately $115 billion.<\/span><\/p>\n

However, the bulls stepped in at the start of 2025, pushing XRP back to green territory. The asset is <\/span>currently<\/span> worth over $2.40 (per CoinGecko\u2019s data), representing a 15% rise since the first day of the year.\u00a0<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Some factors that <\/span>might have<\/span> contributed to the rally <\/span>include<\/span><\/a> the overall crypto market recovery and the resurgence of some important XRP-related metrics.<\/span> The asset\u2019s price jump also coincides with the release of monthly XRP tokens from escrow. This time, the company <\/span>announced<\/span><\/a> the effort with an interesting note:<\/span><\/p>\n

\u201c<\/span>January 20th<\/span> is around the corner. Donald Trump will be in the WH, and we <\/span>are going to<\/span> make crypto great again!\u201d<\/span><\/p>\n

The Republican emerged victorious in the US presidential elections in November last year and will officially become the 47th political leader of America in less than three weeks. The community seems excited about his return to the White House due to his numerous <\/span>pro-crypto promises<\/span><\/a>. We have yet to see whether he will stick to his word and allow the local digital asset industry to thrive during his rule.\u00a0<\/span><\/p>\n

SHIB\u2019s Burning Mechanism<\/span><\/h2>\n

The team behind the popular meme coin adopted a burning program in 2022 that allows the community to send tokens to a null address voluntarily. <\/span>This<\/span> leads to scarcity and could make SHIB more valuable (assuming demand doesn\u2019t head south).<\/span><\/p>\n

Earlier this week, the team <\/span>announced<\/span><\/a> that over 44.6 billion tokens (worth approximately $1 million) <\/span>were burned<\/span> throughout 2024.\u00a0<\/span><\/p>\n

Initially, SHIB had a total supply of one quadrillion tokens. <\/span>Years ago<\/span>, though<\/span>, <\/span>half of that amount was sent<\/span> to Ethereum\u2019s co-founder Vitalik Buterin, who donated trillions of SHIB to charity organizations and <\/span>burned<\/span><\/a> the remaining stash.<\/span>\u00a0<\/span><\/p>\n

As <\/span>of the moment<\/span> of this writing, the meme coin\u2019s circulating supply stands at around 584.1 trillion.\u00a0<\/span><\/p>\n

BTC Heads North, too<\/span><\/h2>\n

While the primary cryptocurrency dipped to a one-month low of under $92,000 on <\/span>December 30<\/span>, it got back to the green track in the following days. The price crossed $97,000 on <\/span>January 2<\/span>, while currently, it <\/span>is set<\/span> at around $96,300.<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

Many market<\/span> observers think 2025 could be another successful year for BTC.<\/span> The X users Crypto Rover and Doctor Profit are among the optimists, <\/span>setting<\/span><\/a> targets of $120,000 and $125,000, respectively.<\/span><\/p>\n

Trader Tardigrade outlined an even more bullish forecast, envisioning a pump to as high as $280,000 sometime this year.<\/span><\/p>\n

\u201cIf<\/span> you miss the BTC peak in 2025, you\u2019ll have to wait until 2029<\/span>,\u201d the analyst suggested<\/span>.<\/span>\u00a0<\/span><\/p>\n

The post Ripple (XRP) Price Resurgence, Shiba Inu\u2019s (SHIB) Burning Efforts, and More: Bits Recap Jan 3<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple (XRP) surged 15% in early 2025, climbing above $2.40, potentially driven by the overall market recovery and Trump\u2019s upcoming inauguration. 44.6B Shiba Inu (SHIB) tokens were burned in 2024, reducing supply to 584.1T and boosting scarcity. Bitcoin (BTC) rebounded from a late 2024 dip to briefly cross $97,000. Analysts predict a potentially stellar […]<\/p>\n","protected":false},"author":0,"featured_media":32916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32915"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32915"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32916"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}