Crypto Market This Week: SHIB, Binance Listings, & Market Recovery Spark Buzz

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The world of cryptocurrencies has just wrapped up another eventful week, featuring significant progress throughout the industry. Shiba Inu (SHIB) experienced notable community growth, while Binance announced numerous token listings, generating lively market debates. Meanwhile, as the broader market hints at recovery as we step into 2025, this week has certainly been noteworthy.

Let’s explore further details about the notable cryptocurrency news from CoinGape that were highlighted during the last seven days.

Shiba Inu (SHIB) Sees Notable Advancements

This week, the popular meme coin based on dogs, Shiba Inu, has become the center of attention in the cryptocurrency market. It’s been marked by a significant milestone, regular token destruction, and an increase in price. The main developer of Shiba Inu, known as Shytoshi Kusama, announced that the launch of the TREAT token is imminent, causing excitement within the SHIB community.

There’s a lot of excitement among community members about the upcoming launch, as it’s being hyped up as a groundbreaking project. At the same time, the ongoing Shiba Inu coin burn has fueled investor interest in this digital asset. Notably, CoinGape predicts that SHIB could see a 45% increase, largely due to the surge in Shiba Inu burn rate and favorable market conditions. Overall, market analysts are hopeful about the token’s future performance.

Binance’s Crypto Listings Echo Buzz

This week, there’s been a lot of interest in Binance, one of the biggest players in the crypto exchange market. Particularly noteworthy is their recent move to offer more tokens for trading.

This week, CoinGape announced that Binance broadened its trade options for DOGE, SHIB, and PEPE, causing optimism about their potential future values. Specifically, Binance’s P2P sector extended assistance for new trading pairs involving these tokens in certain fiat regions throughout Africa.

At the same time, this week’s exchange also revealed substantial backing for PHA and DF coins. Interestingly, Binance introduced new perpetual contracts for Phala Network (PHA) and dForce (DF) tokens, offering up to 75 times leverage, further enhancing its market history.

Additionally, it’s worth mentioning that this week, the exchange managed to secure a significant regulatory approval from the Central Bank of Brazil. In other words, Binance has now received the green light to acquire a licensed broker-dealer in the region. This news has sparked interest and optimism among investors as they anticipate potential price increases for the mentioned tokens due to the expanded services.

Crypto Market Recovery Sparks Hope

In the early stages of 2025, Bitcoin and leading cryptocurrencies have displayed indications of recovery, causing worldwide market debates. Specifically, the value of BTC increased by 3% over the last week, reaching $98K at its close. Similarly, ETH experienced a 8% increase over the same period, ending the week at $3,647. Additionally, XRP‘s price surged by 10%, closing at $2.402. As a result, market sentiments in Q1 2025 show an optimistic outlook with bullish tendencies.

Significantly, there’s a resurgence of attention in the leading cryptocurrencies, which is further evidenced by recent occurrences. Once more, MicroStrategy has disclosed intentions to gather as much as $2 billion for the purpose of acquiring additional Bitcoin.

At the same time, there’s been a significant increase in Ethereum being hoarded by large investors (whales) during the recent market downturn. This trend contributes to a more optimistic outlook for top cryptocurrency prices as the overall market recovers.

Furthermore, the Ripple community experienced several advancements, as speculation about an XRP Exchange-Traded Fund (ETF) grew. According to CoinGape, data from Polymarket indicated a 70% likelihood of a potential U.S. approval for a Ripple ETF, generating considerable enthusiasm for the leading cryptocurrency.

Furthermore, it’s worth noting that Ripple’s RLUSD stablecoin surpassed its main competitors in 24-hour trading volume this week, making headlines. In fact, these developments were among the most talked-about cryptocurrency market news during the previous seven days.

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2025-01-05 09:04