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Leading on-chain metrics and price prediction firm Telegaon has painted a bullish picture for SHIB. According to the price prediction, Shiba Inu could reach the 5 Cents mark sooner than expected.

Forecast for 2040
The firm has forecasted that Shiba Inu could reach the $0.05 milestone in the next 16 years in 2040. That’s considered a long-term holding spanning over a decade and a half. The forecast estimates that SHIB could reach a minimum price of $0.054 in 2040.

SHIB is currently trading at the price range of $0.000014. Therefore, an investment of $1,000 today in this price range could help you accumulate 70 million tokens. If SHIB hits $0.054 in 2040, the $1,000 investment could balloon to life-changing gains of $3.8 million.

Nonetheless, there is no guarantee that Shiba Inu will reach 5 Cents in 2040. The cryptocurrency market is volatile and could succumb to macroeconomic pressures.

It is advised to do thorough research before taking an entry position into SHIB and to trade at your own risk.

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today’s crypto news:

Crypto Exchange Bankruptcy Protection:
When a crypto exchange goes bankrupt, it must cover legal fees and debts during bankruptcy proceedings. As a result, your crypto holdings may not be entirely safe in such situations1.

Q2 2024 Trends:

The second quarter of 2024 saw significant activity in meme coins, Real World Assets (RWA), and Artificial Intelligence (AI) within the crypto market2.

BlockDAG’s Impact:

BlockDAG, with its impressive $60 million presale and technological advancements, has been making waves in the crypto market. Meanwhile, AVAX faced a downturn, and Kaspa showed growth prospects3.
Remember to stay informed and make informed decisions in the ever-evolving crypto landscape! 🚀🌟

### Bitcoin and Cryptocurrencies:
- **The Ethereum restaking protocol EigenLayer** has lost $5 billion in total value locked (TVL) within a few weeks (Journal du Coin).
- **Bitcoin exchanges** have seen significant inflows into ETFs, totaling $2 billion over nine consecutive days (Journal du Coin).

### Regulation and Security:
- The **European Securities and Markets Authority (ESMA)** has made progress in developing the digital euro, an initiative that could transform financial transactions in Europe (Une-Blockchain).
- **Hong Kong** plans to implement a licensing system for stablecoin issuers, thereby strengthening regulation in this sector (Journal du Coin).

### Technological Developments:
- **Ubisoft** has chosen Aleph.im to manage the dynamic NFTs for its new Web 3 game, further integrating blockchain into the gaming industry (Journal du Coin).

### Adoption and Usage:
- Various **blockchain adoption initiatives** continue to emerge, such as the acceptance of cryptocurrencies for purchasing real estate and luxury services in Dubai (Krypto Channel).

These developments indicate a growing adoption and significant movements in the blockchain and cryptocurrency space, affecting both asset prices and regulatory and technological infrastructure.

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