cPen Network Set for April Listing: Why was $PEN changed to $CPEN?
cPen Network has officially rebranded its token from $PEN to $CPEN to eliminate user confusion. This change will roll out across the platform and social media, though both ticker symbols may appear interchangeably shortly. The update does not affect cryptocurrency balances or ongoing project developments. However, the smart contract has not been published yet, so any tokens currently available under these tickers are unofficial. The community should wait for an official announcement before engaging in any transactions. KYC Completed: When Will cPen Network Launch? cPen has closed its KYC process, with plans to reopen for $INK mining. The platform has started verifying the total supply to ensure accuracy before its official listing. Here are the key milestones: This timeline marks a significant milestone for cPen, as users can finally buy, sell, and trade their coins after verification. Read Also: Charles Hoskinson Dismisses Centralization Claims, Defends Cardano’s Decentralization cPen Network Mainnet Launch & Price Predictions Following its anticipated launch, analysts expect a price surge driven by growing community interest. Experts predict the token will start at $1 (approximately 86.56 INR). Further value growth is possible if major exchanges like Binance and OKX list the token. Long-term prospects remain optimistic, with increasing adoption expected post-mainnet launch. The platform’s Mainnet launch is scheduled for Q1 2026. At that point, users can swap their BSC-based tokens for Open Network Blockchain tokens, expanding real-world use cases. Market demand, trading volume, and exchange listings will determine the token’s long-term price trajectory. As these developments unfold, cPen Network’s launch date and price movements will remain a hot topic in blockchain.
25.5 Billion SHIB on the Move – Are Whales Accumulating or Selling?
Blockchain tracking platform Etherscan has detected a surge in Shiba Inu transactions over the past few hours. Data shows that nearly 30 billion SHIB coins have been transferred between anonymous wallets, including major cryptocurrency exchanges. This activity raises speculation about whether whales are accumulating or selling their holdings. Large-Scale SHIB Transfers Indicate Whale Activity Several significant transactions have moved billions of SHIB, with each transfer carrying substantial amounts. Some transactions were smaller, involving at least 340 million SHIB. However, the largest transfers included: These transactions link back to large exchanges such as OKX and Binance, confirming that institutional players and major investors are reshuffling their positions. While SHIB’s price has been on a downward trend, some whales have chosen to accumulate, while others have opted to sell billions of tokens. This influx of movement suggests that investors are responding to market conditions, possibly positioning themselves for future price action. If accumulation continues, it could signal confidence in SHIB’s long-term potential. On the other hand, the selling pressure might indicate a strategy to capitalize on previous gains before further declines. SHIB Team Responds to Unethical Crypto Practices As SHIB transactions gained momentum, the Shiba Inu marketing lead, Lucie, addressed concerns over unethical practices in the cryptocurrency market. She criticized those engaging in “shady crypto practices” and pointed out the “schizophrenic behavior” of individuals manipulating rules to serve their interests. Lucie reassured the SHIB community that the team remains committed to ethical standards. She emphasized that Shiba Inu does not maliciously target competitors. Instead, the team focuses on building, improving, and ensuring the safety of its users. What’s Next for SHIB? With billions of SHIB shifting hands, market participants remain divided on the coin’s short-term direction. Some investors see this as an opportunity to buy at a discount, while others fear further price drops. Whether accumulation or selling prevails, SHIB’s price movement in the coming days will reflect the outcome of these major transactions.
Shiba Inu Hits 1.5M Holders, But Will It Stay Above $0.00001259?
Shiba Inu (SHIB) has just reached a major milestone, surpassing 1.5 million holders. The token now boasts 1,500,742 holders, demonstrating its growing adoption and loyal community. While this increase suggests investor confidence, SHIB’s price remains uncertain, influenced by macroeconomic factors and market sentiment. Will this milestone fuel a price rally, or will external forces keep SHIB’s growth in check? Let’s dive into the latest developments. SHIB Price Update – Gains and Market Fluctuations At present, SHIB trades at $0.00001259, reflecting a 0.79% dip in the last 24 hours but a 2.59% weekly gain. This steady increase in holders suggests ongoing confidence among investors. However, the broader market conditions continue to shape SHIB’s short-term movements. The crypto market remains on edge, anticipating the Federal Reserve’s interest rate decision, which could impact SHIB and other digital assets. How the Federal Reserve Decision Could Impact SHIB On Wednesday at 2:00 p.m. ET, the Federal Reserve will announce its latest interest rate policy. Analysts predict a 99% chance that the Fed will maintain rates, but any surprise adjustments could stir the market. If the Fed signals lower interest rates, risk assets like SHIB could benefit from increased liquidity. However, if the Fed keeps rates high or hints at future hikes, cryptos may struggle as investors opt for safer assets. SHIB’s Key Support Levels – Where to Watch for Movement SHIB’s growing holder base supports long-term optimism, but price stability remains critical. Analysts highlight two key support levels that could dictate SHIB’s next move. A pullback may test $0.0000115, a short-term safety level that has held in previous downturns. If selling pressure increases further, $0.00000815 could act as a stronger demand zone. According to crypto analyst Ali, these price levels could create potential buying opportunities for long-term investors. Scam Alert – Fake ShibaSwap Websites Target Investors While SHIB’s adoption rises, cybercriminals are taking advantage of its popularity. A Shiba Inu-focused X account, Susbarium, has issued an urgent warning about fake ShibaSwap websites designed to steal funds. Cybercriminals are creating counterfeit ShibaSwap sites, tricking users into entering sensitive wallet information. This scam poses a serious threat to SHIB holders, making security awareness more crucial than ever. To avoid falling victim, users must double-check URLs before connecting their wallets. The safest approach is to bookmark the official ShibaSwap site and always verify links shared in online communities. Never share private keys or seed phrases, as scammers often use deceptive tactics to extract these details. What’s Next for SHIB? Reaching 1.5 million holders is a significant achievement for SHIB, proving its strong market presence. However, its short-term price outlook remains uncertain, largely dependent on macroeconomic trends and investor sentiment. If SHIB maintains strong demand and the market turns bullish, a rally toward higher resistance levels is possible. However, if SHIB loses key support levels or the Fed’s decision triggers a broader sell-off, a temporary retracement may occur. Final Thoughts – Is Now a Good Time to Buy SHIB? Investors optimistic about Shiba Inu’s long-term potential may see this growing holder count as a bullish signal. However, market timing plays a crucial role. Keeping a close watch on key price levels and macroeconomic shifts is essential for making informed decisions. Read Also: Shibarium Hits 10M Blocks! Will SHIB’s Price Rebound from a 4.29% Drop? Those considering an investment should always DYOR (Do Your Own Research) and stay updated with the latest market trends before making a move.
Charles Hoskinson Dismisses Centralization Claims, Defends Cardano’s Decentralization
Charles Hoskinson, the founder of Cardano and a billionaire mathematician, recently addressed claims suggesting that three entities control Cardano. In a tweet, he responded to accusations that the Cardano Foundation, Input Output Global (IOG), and Emurgo dictate the network’s direction, supposedly making it less decentralized than Bitcoin. Hoskinson Defends Cardano Against Centralization Accusations Hoskinson dismissed these allegations as misinformation and part of ongoing FUD (fear, uncertainty, doubt) campaigns. He pointed out that debunking such claims requires substantial effort, saying, “It takes millions of dollars and years to correct the effort.” He also predicted that critics would continue spreading misinformation about Cardano even in 2030. Hoskinson Acknowledges XRP’s Strength and Longevity Earlier this month, Hoskinson made an unexpected statement that caught the XRP community’s attention and Ripple’s CTO, David Schwartz. He described XRP as “great technology” and recognized it as a global standard. His comment was in response to a tweet from Peter Schiff, who had reacted to former U.S. President Donald Trump mentioning ADA, XRP, SOL, ETH, and BTC as assets for a potential U.S. crypto reserve. Related article: Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors? Schwartz, surprised by Hoskinson’s remarks, tweeted, “Am I dreaming?!” to which Hoskinson reaffirmed his stance. He praised XRP for surviving multiple market cycles and commended its strong and dedicated community. By addressing these criticisms and acknowledging XRP’s resilience, Hoskinson continues to shape the conversation around blockchain decentralization and the future of cryptocurrencies.
Ripple Mints 25M RLUSD – Will XRP Finally Break $2.50?
Ripple has minted another 25 million RLUSD, expanding its stablecoin supply and fueling speculation about XRP’s future. Many investors wonder if this latest move will push XRP past $2.50. Understanding the connection between RLUSD and XRP is key to evaluating the potential impact. Why 25M RLUSD Matters for Ripple’s Growth Ripple’s stablecoin initiative has been one of the most anticipated developments in crypto. RLUSD, designed as a regulated stablecoin, now circulates across Ethereum and the XRP Ledger (XRPL). Currently, $125 million RLUSD is on Ethereum, while $44 million exists on XRPL. At first glance, the supply split may seem unbalanced. However, Ethereum remains the most active DeFi network, while XRPL is still expanding its ecosystem. Ripple’s decision to distribute RLUSD this way ensures strong liquidity where demand is highest. Now, with RLUSD’s total supply reaching $170 million, traders are closely watching XRP for a reaction. XRP Holds at $2.32 – Will It Break Higher? Despite the 15% increase in RLUSD’s supply, XRP has yet to see a major price reaction. Currently, XRP trades at $2.32, reflecting a 1.6% gain in the past 24 hours. However, this movement mirrors broader market trends, making it unclear whether RLUSD’s expansion directly influenced the price. Long-term, RLUSD could still become a powerful driver for XRP’s growth. If XRPL’s stablecoin adoption accelerates, more transactions and liquidity could increase demand for XRP as a bridge currency. Ripple’s strategic push into stablecoins could position XRP for future gains. How RLUSD Could Fuel XRP’s Growth Compared to dominant stablecoins like USDT and USDC, RLUSD remains small, with a $170 million market cap. However, this offers significant room for expansion. Ripple’s deep resources could help scale RLUSD into a widely adopted stablecoin. RLUSD’s success could benefit XRP by increasing network transactions, expanding XRPL’s DeFi capabilities, and positioning Ripple as a leading stablecoin provider. Stronger RLUSD adoption could lead to a more robust XRP market, making the cryptocurrency more valuable over time. Despite these opportunities, challenges remain. Ethereum’s established DeFi dominance makes it difficult for XRPL to compete in the short term. Additionally, XRP’s price has yet to show a clear correlation with RLUSD supply growth. For now, traders should watch for signs of increasing stablecoin usage on XRPL to gauge potential impacts on XRP’s valuation. Can RLUSD Help XRP Surpass $2.50? Predicting a price breakout remains uncertain. While RLUSD’s expansion boosts Ripple’s ecosystem, XRP’s price remains influenced by broader market trends. However, continued RLUSD adoption could help Ripple generate new revenue streams, attract institutional interest, and solidify XRP’s role in the growing stablecoin economy. Read Also: Ripple Secures DFSA Approval—XRP Climbs 4.64% to $2.32 For long-term holders, the key focus should be adoption growth. If RLUSD scales and XRPL strengthens as a stablecoin-friendly network, XRP’s demand could rise, leading to potential price appreciation. What Should XRP Investors Watch Next? Ripple’s stablecoin expansion presents both opportunities and risks. Investors should monitor RLUSD’s adoption on XRPL, regulatory developments affecting Ripple, and overall market sentiment surrounding stablecoin growth. If RLUSD gains significant traction, it could provide strong support for XRP’s future price action.
Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors?
Cardano (ADA) has faced sharp price swings, dropping 5% in the past 24 hours. Meanwhile, futures open interest fell 2.6%, settling at $728 million, according to Coinglass. This decline suggests traders have adopted a more cautious stance, reflecting bearish market sentiment. The downturn aligns with broader cryptocurrency uncertainty caused by macroeconomic conditions and the Federal Reserve’s upcoming policy decisions. Cardano Dips Below Key Support Levels After briefly climbing to $0.73, Cardano’s price reversed and fell to $0.681 early Tuesday. The cryptocurrency also dropped under the 200-day simple moving average (SMA) at $0.70, a critical level traders closely monitor. Despite bullish forecasts, ADA struggled to hold key support levels. However, at the time of writing, it had slightly recovered to $0.71, reclaiming the 200-day SMA. The asset still trades below the 200-day exponential moving average (EMA) at $0.77, signaling ongoing bearish pressure. If buyers regain strength and push ADA above this resistance, it may rally toward $1.02. However, if selling pressure increases, ADA could decline further to support levels at $0.65, $0.62, $0.58, and $0.50. Broader Market Conditions Impact Cardano’s Price Macroeconomic developments continue to fuel uncertainty in the cryptocurrency market, and ADA has not been immune to these effects. Investors are paying close attention to the Federal Reserve’s policy meeting on March 18-19, which could shape market sentiment. Traders have shown increased caution, evident in the shrinking futures open interest. This metric tracks the number of unsettled futures contracts and helps gauge investor sentiment. A decline in open interest indicates reduced confidence and hesitation in making leveraged bets on ADA’s future price movements. The coming days may reveal whether traders regain confidence or continue reducing their exposure. Institutional Interest in Cardano Remains Strong Despite ADA’s short-term struggles, institutional investors remain interested in the cryptocurrency. On Monday, Hashdex submitted a request to the U.S. Securities and Exchange Commission (SEC) to amend its Hashdex Nasdaq Crypto Index US ETF (NCIQ). The firm seeks approval to include Cardano and other leading altcoins in the fund’s holdings. If approved, the move could boost institutional exposure to ADA and strengthen its long-term adoption. Coinbase has also expressed growing interest in Cardano. The exchange recently announced plans to introduce ADA futures contracts, pending approval from the Commodity Futures Trading Commission (CFTC). If regulators approve the request, traders will gain new opportunities to engage with Cardano, which could help integrate the asset further into traditional financial markets. Can ADA Regain Momentum? Cardano’s recent price action highlights the volatility within the cryptocurrency sector. The asset remains vulnerable to macroeconomic pressures, regulatory developments, and shifting trader sentiment. If buyers regain control and push ADA above the 200-day EMA, bullish momentum could propel the price toward $1.02. However, persistent bearish pressure may lead to further declines, testing support at lower price levels. Read Also: Dogecoin at $0.1661: Will a 30% Rebound Take It Past $0.22? As institutional interest continues to grow, Cardano’s long-term outlook remains positive. The next few days will be crucial in determining whether ADA can recover or face additional downward pressure. Traders should closely watch key resistance and support levels as they navigate the evolving market conditions.
