Bitcoin Bullish Predictions, Upcoming Shiba Inu Projects and More: Bit Roundup December 31st

TL;DR

Bitcoin price briefly fell to a one-month low of $91,300 after MicroStrategy announced another crypto purchase. However, analysts and public figures predict a significant increase, with targets ranging from $340,000 to $1 million. Shiba Inu announced a 44-episode podcast for 2025, but some doubt its release due to past broken promises. Cardano (ADA) fell to $0.84, but recent whale buying indicates a potential price recovery and bullish momentum. BTC price explosion coming?

Despite its brief surge to nearly $100,000 around Christmas, Bitcoin (BTC) has been on a downward trend in recent weeks. On December 30, its price dropped to a one-month low of about $91,300. Shortly after, the bulls managed to recoup some of the losses, pushing the valuation to nearly $95,000. However, the last few hours offered another pullback, with BTC currently trading around $93,700 (according to CoinGecko data).

BTC Price, Source: CoinGecko

The latest withdrawal from the asset came shortly after MicroStrategy made another crypto purchase. As CryptoPotato reported, the company spent more than $200 million to buy 2,136 BTC. Thus, his deposit reached 446,000 BTC, which, at current rates, is equivalent to more than $41 billion.

It’s worth noting that this was the eighth consecutive Monday that MicroStrategy announced a Bitcoin purchase. While in theory the company’s actions reduce the supply of the asset in the open market, in many cases the disclosures were followed by immediate corrections.

Contrary to BTC’s shaky performance of late, numerous industry participants and well-known figures remain optimistic that another bull run could be on the cards. For example, user X 0xNobler suggested that the asset’s next rally could start next month.

“BTC has just reached its second breakout and the next target is $340,000,” the analyst speculated.

NBA legend Scottie Pippen was even more optimistic and set a goal of $1 million. Interestingly, in September, he said he had a dream with the anonymous creator of BTC, Satoshi Nakamoto, who told him that the price of the cryptocurrency would reach $84,650 on November 5 this year. The rating surpassed that mark just a week later.

SHIB will start 2025 with a bang

Earlier this week, Shiba Inu lead developer Shytoshi Kusama revealed his intentions to launch a podcast next year. It will consist of 44 episodes and will cover various aspects of the meme coin ecosystem.

There will be no streaming on Wednesdays or Sundays, while the rest of the days of the week will be dedicated to specific topics. Mondays will focus on meme coins, Tuesdays on the Treat token (TREAT) (used as rewards in the ecosystem), Thursdays on tech discussions, Fridays on “shouts and follows” and Saturdays “all about spirituality”.

“Next year is going to be epic, and I’m really excited to share what we’ve built,” said the developer.

Several users who commented on the post welcomed the idea. However, others doubt the podcast will see the light of day, maintaining that the SHIB team made a similar promise years ago.

What about the ADA?

Last but not least, we’ll talk about Cardano’s ADA, whose price has fallen 6% in the past week to its current $0.84.

ADA price, Source: CoinGecko

Despite the underperformance, some factors suggest a revival could be around the corner. On December 29, popular X user Ali Martinez claimed that the whales bought over 20 million ADAs in 48 hours.

Continued efforts in this field will leave fewer chips available on the open market, which, combined with unabated demand, should push the price up. In addition, the whales’ actions could encourage smaller investors to jump on the bandwagon, thus causing an upward push for ADA.

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