Bullish Forecast for Bitcoin, Upcoming Shiba Inu Projects and More: December 31 Bit Recap

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 has announced a 44-episode podcast for 2025, but some are doubtful it will launch due to broken promises in the past.
• Cardano (ADA) plunged to $0.84, but recent whale buying suggests a potential price recovery and bullish momentum.

BTC price explosion imminent?

Despite its brief spike to nearly $100,000 around Christmas, Bitcoin (BTC) has been trending downward in recent weeks. On December 30, its price fell to its lowest level in a month, at around $91,300. Shortly after, the bulls managed to recover part of the losses, pushing the valuation to almost $95,000. However, the past few hours have offered another pullback, with BTC currently trading at around $93,700 (according to CoinGecko data).

The last withdrawal of the asset has occurred shortly after MicroStrategy made another crypto purchase. As CryptoPotato reported, the company spent over $200 million to purchase 2,136 BTC. Thus, his reserve reached 446,000 BTC, which at current rates is equivalent to over $41 billion.

It should be noted that this was MicroStrategy’s eighth consecutive Monday announcement a purchase of Bitcoin. Although, in theory, the company’s actions reduce the supply of the asset on the open market, in many cases the disclosures have been follow up through immediate corrections.

Unlike the fragility of BTC performance latelymany industry players and well-known figures remain optimistic about the possibility of a further rise. For example, user X 0xNobler suggested that the asset’s next rally could begin next month.

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

NBA legend Scottie Pippen was even more optimistic: setting a goal of $1 million. Interestingly, in September he said that 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 of this year. The valuation surpassed this mark barely a week later.

SHIB will start 2025 in style

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

There will be no streaming on Wednesday or Sunday, while the rest days of the week will be devoted to particular subjects. Mondays will focus on meme coins, Tuesdays on the Treat (TREAT) token (used as a reward in the ecosystem), Thursdays on technical discussions, Fridays on “shouts and follows”, and on Saturday will be “all about spirituality.”

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

Several users commenting on the post welcomed the idea. However, others cast doubts that the podcast will see the light of day, claiming that the SHIB team made a similar promise years ago.

What about the ADA?

Last but not least, we will touch Cardano’s ADA, whose price fell 6% last week to it’s current $0.84.

Despite the underperformance, some factors suggest a resurgence could be just on the corner of the street. On December 29, popular X user Ali Martinez claimed that whales purchased over 20 million ADA in 48 hours.

Continued efforts in this area will leave fewer tokens available on the open market, which, combined with non-declining demand, is expected to drive prices higher. Additionally, whale actions could encourage smaller investors to jump on the bandwagon, thereby triggering upward momentum for ADA.