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**Bullish Bitcoin Forecasts, Shiba Inu Upcoming Projects, and More: Bits Recap Dec 31**
As the year draws to a close, it’s essential to recap some of the most significant crypto news from the last few days. In this piece, we will delve into some exciting developments in the world of Bitcoin (BTC), Shiba Inu (SHIB), and Cardano’s ADA.
**Bitcoin Forecasts Go Bullish**
The past week has seen an influx of bullish predictions regarding the future price performance of Bitcoin. NBA legend Scottie Pippen, known for his crypto enthusiasm, recently shared a bold forecast of $1 million per BTC by some unspecified date in the future. This prophecy comes on the heels of another analyst predicting a target of $340,000.
These forecasts have sent shockwaves throughout the cryptocurrency community, with many enthusiasts eagerly awaiting the realization of such lofty goals. While it is essential to exercise caution when considering investment advice from celebrities or anonymous sources, these predictions undoubtedly highlight the immense potential for growth in the digital asset space.
**Shiba Inu Podcast on the Horizon**
Shiba Inu’s lead developer, Shytoshi Kusama, has announced plans to launch a podcast dedicated to the meme-based cryptocurrency and its broader ecosystem. The 44-episode series will cover various topics relevant to SHIB enthusiasts, with specific days of the week allocated for particular themes.
While some users have expressed skepticism about the project’s feasibility due to past broken promises by the team, the community remains optimistic that this venture will come to fruition. We can only wait and see how this plays out in the coming months.
**ADA Price Action Under Scrutiny**
Cardano (ADA) has been on a downward trend recently, with its price plummeting by 6% in just seven days. However, some analysts believe that recent whale purchases of over 20 million ADA tokens could be an early indication of a potential turnaround.
The increased demand and limited availability of ADA due to these transactions may encourage smaller investors to enter the market, ultimately driving prices higher. This narrative is still speculative at this point but warrants close monitoring as the situation unfolds.
**Final Thoughts**
As we wrap up this recap of major crypto news from December 31, it becomes clear that both Bitcoin and Shiba Inu have plenty to look forward to in the coming year. While ADA’s recent performance has raised concerns, a potential resurgence could be on the horizon.
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Source: cryptopotato.com
