Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This significant increase, with over 3,500 active addresses representing a 13% rise, indicates a growing interest in the asset. The uptrend could potentially lead to a price rally, as it signifies an increase in demand from investors.
Crypto
Recently, Solana-based investment products have faced a challenging time in terms of investor confidence. This shift in sentiment was triggered by a network outage that lasted five hours earlier in the month. The outage was caused by a bug that led to transactions entering an infinite loop, resulting in a disruption of the network’s functionality.
Is it possible for Bitcoin ETFs to outshine gold ETFs in terms of size and popularity? According to analysts at Bloomberg, this scenario could become a reality in the near future. In a recent post, Bloomberg ETF analyst Eric Balchunas highlighted the rapid growth of Bitcoin ETFs compared to the decline in assets of gold
Ethereum has witnessed a significant uptrend recently, surpassing key resistance levels such as the $2.8K mark and breaking through the psychological barrier of $3K. This surge in price indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer
The price of Ethereum (ETH) has skyrocketed recently, reaching a nearly two-year high of over $3,100. This surge in price comes at a time when most leading cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Cardano (ADA) have shown little to no volatility or even minor losses in the past 24 hours. There are several
Bitcoin’s price has seen a significant increase over the past few months, jumping from under $20,000 to over $50,000 by June 2023. This surge was primarily fueled by the anticipation and subsequent approval of nearly a dozen spot Bitcoin ETFs in the United States. Despite this impressive price movement, it appears that retail traders have
In a recent development, a U.S. federal judge has given the green light to Binance’s admission of guilt and a substantial $4.3 billion settlement agreement for breaching anti-money laundering (AML) and sanctions regulations via its cryptocurrency platform. This decision was finalized on Friday, February 23, as reported by Reuters. The U.S. Department of Justice (DOJ)
The ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a hot topic in the cryptocurrency industry for several years. The conflict traces back to December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP tokens. Ripple, on the other hand, contends
Ethereum made significant moves this week by briefly breaking above the $3,000 mark, showing a 4% price increase. However, the correction that followed indicates a potential re-test of the key support level at $2860. For the bullish momentum to be maintained, buyers must hold the support level and push for the reclamation of $3,000. Failure
The recent launch of SHEboshi NFTs, linked to the popular meme coin Shiba Inu (SHIB), took the crypto world by storm. Within a mere three hours post-launch, all 20,000 collectibles were claimed, leaving enthusiasts in a frenzy. Originally priced at 0.05 ETH per NFT, the floor price on OpenSea has now surged to 0.175 ETH,
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