BONE, a cryptocurrency that is part of the Shiba Inu ecosystem and, in particular, the decentralized ShibaSwap exchange, has unexpectedly pumped up 20%. Meanwhile, SHIB is also rising but on a much smaller scale, and it is currently trading just 3.7% above today’s opening price.
Source: TradingView
What led to the surge in BONE quotations is unknown, although there are rumours online about the imminent release of new details regarding the long-awaited Layer 2 Shibarium protocol. Recall that the cryptocurrency is destined to play the role of a gas fee in the forthcoming innovation. Moreover, BONE should be a reward for developers and other contributors to the upcoming blockchain.
BONE has the advantage over SHIB of a limited and extremely small number of tokens. Thus, the cryptocurrency’s total supply is only 250 million tokens, of which 20 million are reserved for the aforementioned rewards. Because of this fact, as well as a relatively small presence on the major exchanges, BONE may be more susceptible to explosive price spikes as it is today. Thus, the current pump is followed by a 170% increase in BONE trading volume, as shown on the CoinMarketCap page.
BONE price action
BONE has now reached $1.16, where it had previously shown two opposing performances. So for the first time, BONE quotes drew a figure at these levels, which can be compared with Bart Simpson’s hairstyle. For the second time, however, at the end of August, BONE rose from this zone by 106% to reach its all-time high of $2.4.
Over the last couple of months, the prominent meme coin Shiba Inu ($SHIB) was seen dominating the entire crypto industry. However, the fervor around this community-driven project seemed to be simmering down. Despite the launch of its recent collectible card game, the altcoin barely garnered any gains. It seems like Binance users weren’t too curious about the meme coin either, as it failed to bag a spot on its top 10 trending search list.
As per recent data curated by Crypto Differ, Shiba Inu stood in the 14th spot on Binance’s trending searches. This was quite surprising to many considering the usual zeal around the network.
In the above chart, Binance Coin ($BNB) emerged as the most popular asset on the exchange. The world’s second-largest crypto, Ethereum ($ETH), stood second on this chart as well. This is mostly due to the increased liquidations that occurred throughout the day. It should be noted that a whopping $4.95 million in ETH liquidations took place over the last four hours.
Bitcoin, the world’s largest cryptocurrency by market capitalization, was ranked third, followed by Cardano ($ADA) and Solana ($SOL).
Other popular tokens like Luna Classic ($LUNC) and fundamental meme crypto Dogecoin ($DOGE), were also a part of the list.
Shiba Inu gains pocketed over the last couple of hours
While Shiba Inu’s popularity took a back seat, the asset’s price wasn’t faring too well either. At press time, most crypto assets were seen pocketing significant gains. Shiba Inu, however, limited its 24-hour price surge to 4.60%.
At press time, Shiba Inu was trading for $0.00001042. Earlier today, the altcoin managed to surge to a high of $0.0000107 from a low of $0.00001001.
It should be noted that the asset’s latest surge pulled SHIB out of its weekly stagnancy. Despite this, Shiba Inu continues to trade about 88% below its all-time high of $0.00008845, which it achieved exactly a year ago.
According to IntoTheBlock data, SHIB is now seeing its highest percentage of long-term holders, setting a new milestone in the metric. The percentage of long-term holders, or “hodlers,” has jumped to 38%, the highest so far, while that of midterm speculators continues to decline. Meanwhile, the percentage of short-term holders has held relatively steady.
According to IntoTheBlock’s data on holder composition by time held, 38% of SHIB holders have “hodled” their tokens for more than a year, 59% have held within a year and 3% have held onto their tokens for less than a month.
Shiba Inu “hodlers,” referring to addresses that have held SHIB for more than a year, have displayed growth since the start of 2022, from barely 1% to over 38% of holders.
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Despite being significantly down from its peak, SHIB still draws a sizable number of investors. Shiba Inu currently has 1,230,662 holders, according to cryptocurrency data tracker WhaleStats, indicating that the number of SHIB holders has increased recently.
Shiba Inu trading volumes jump 211%
According to CoinMarketCap data, Shiba Inu is demonstrating a 211% rise in trading volumes as the SHIB price gains traction.
At the time of publication, SHIB was changing hands at $0.00001047, up 5.50% in the last 24 hours. A close above $0.00001017 would make the SHIB price mark the second consecutive day in the green.
Higher volatility, most of the time, leads to increased trading volumes for most crypto assets as traders buy and sell in large quantities to capture profits.
Thus, the rise in SHIB volume may have been caused by investors accumulating SHIB in its current range.
Shiba Inu’sSHIB/USD price has increased 4.46% over the past 24 hours to $0.000010. Over the past week, SHIB has experienced an uptick of over 4.0%, moving from $0.000010 to its current price.
The chart below compares the price movement and volatility for Shiba Inu over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has climbed 103.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.2%. This brings the circulating supply to 589.37 trillion. According to our data, the current market cap ranking for SHIB is #14 at $6.15 billion.
Toon Finance is the new crypto coin that is more of a meme utility coin compared to some of these pointless meme projects we have seen take off. Toon Finance has a purpose and the team of blockchain professionals have been working hard for months to release this ICO drop.
The team and their community have been ecstatic according to their social media profiles. The coin is everywhere you turn on Crypto.com Coinsniper and CoinMarketCap. The coin is listed in the ICO presale section of Crypto.com
Toon Finance is certainly a great option for those who are looking for an early investment opportunity with the coin still being in the presale phase. TFT is also doing an airdrop giveaway for their community which will include 10,000 cute cuddly NFTs.
These will be directly airdropped to the Toon Finance community members who sign up for the Airdrop. They do not ask for any personal information, only your wallet address so that the team can airdrop the NFT.
The Benefits of Investing in an ICO Presale like Toon Finance
You may have heard of ICOs, or initial coin offerings, but you may not be familiar with investing in an ICO presale. An ICO presale is when a company offers investors the opportunity to buy tokens before the actual ICO. Toon Finance Protocol
Presales usually happen before the public crowdsale and have different conditions attached to them. For example, a presale might have a higher bonus percentage for early investors or a minimum investment amount. In this blog post, we’ll explore the benefits of investing in an ICO presale so that you can make an informed decision about whether it’s right for you.
One of the benefits of investing in an ICO presale is that you can get in on the ground floor of a promising project.
By being an early investor, you can help shape the direction of the project and potentially reap greater rewards down the road. Another benefit is that you can take advantage of bonuses and discounts that are often offered to presale investors. These bonuses and discounts can give you a leg up on other investors who are participating in the actual ICO.
Finally, investing in an ICO presale gives you the chance to do due diligence on a project before committing larger sums of money.
By investing early, you can get a better sense of the team’s vision and whether or not they are capable of executing it. If you’re satisfied with what you see, then you can invest more heavily in the actual ICO. However, if you’re not convinced, then you can simply walk away without losing much money.
Investing in an ICO presale offers many benefits, including getting in on the ground floor of a promising project, taking advantage of bonuses and discounts, and being able to do due diligence on the team before committing larger sums of money.
If you’re thinking about investing in an ICO presale, weigh these benefits against any risks so that you can make an informed decision. Always make sure to do your research thoroughly.
Crypto experts have been calling Toon Finance the most popular and successful ICO to date with the project finally dropping their presale after a few months of prep work to make sure the project and beta testing came out perfectly.
Why Elon Musk is Accepting meme coins DOGE as TFT rises
Tesla and SpaceX CEO Elon Musk has been a vocal supporter of DOGEcoin, a cryptocurrency that was created as a joke in 2013. On May 4, 2021, Tesla announced that it would begin accepting DOGEcoin as payment for its products.
This move sent the price of DOGEcoin soaring, and it has since become one of the most popular cryptocurrencies. But why would Musk accept a currency that was created as a joke? Let’s take a look.
DOGEcoin was created in 2013 as a parody of Bitcoin. It was originally intended to be used as a tipping currency on Reddit, where users could give each other small amounts of DOGEcoin for providing helpful or amusing content.
However, over time, the currency has grown in popularity and is now used by many businesses and individuals as a legitimate form of payment.
While DOGEcoin may have started as a joke, it has since become a serious cryptocurrency with a large market capitalization. As of May 2021, the currency has a market cap of over $50 billion. This makes it one of the most popular cryptocurrencies in the world.
Musk has been a vocal supporter of DOGEcoin, and he frequently tweets about the currency. On April 1, 2021, Musk even joked that he would make Tesla’s “Horn & Tail” feature available for purchase using DOGEcoin. While Musk’s tweets about DOGEcoin are often humorous, they have helped to increase public awareness of the currency.
Musk’s decision to accept DOGEcoin as payment for Tesla products is likely to increase the currency’s mainstream adoption. Is Toon Finance next?
Many businesses and individuals are already beginning to use DOGEcoin as a payment method, and Tesla’s acceptance of the currency is likely to accelerate this trend. In addition, Musk’s endorsement is likely to increase public confidence in DOGEcoin and help to legitimize it as a serious investment option.
Elon Musk’s decision to accept DOGEcoin as payment for Tesla products is likely to increase the currency’s mainstream adoption.
Many businesses and individuals are already beginning to use DOGEcoin as a payment method, and Tesla’s acceptance of the currency is likely to accelerate this trend. In addition, Musk’s endorsement is likely to increase public confidence in DOGEcoin and help to legitimize it as a serious investment option.
SHIB vs TFT
SHIBcoin is a cryptocurrency that was created as a fork of the popular cryptocurrency Shiba Inu. The project aims to create a decentralized ecosystem of digital services and applications. The native token of the SHIB network is called SHIB.
The total supply of SHIB is 1 quadrillion. SHIB is listed on several popular cryptocurrency exchanges and can be traded against other cryptocurrencies.
What is Shiba Inu?
Shiba Inu is a popular cryptocurrency that was launched in August 2020. The project aims to build a decentralized ecosystem of digital services and applications. The native token of the Shiba Inu network is called SHIBA.
The total supply of SHIBA is 1 quadrillion. SHIBA is listed on several popular cryptocurrency exchanges and can be traded against other cryptocurrencies.
What are the differences between SHIB and SHIBA?
SHIB has a few key differences when compared to its parent currency, Shiba Inu. Firstly, SHIB has a much smaller total supply at just 1 billion tokens. Secondly, the block rewards on the SHIB network are halved every 4 years while the block rewards on the Shiba Inu network are halved every 2 years.
Lastly, the developers of SHIB have implemented a Proof-of-Stake consensus algorithm which allows users to earn rewards for staking their tokens.
How to buy SHIB?
SHIB can be bought and sold on several popular cryptocurrency exchanges such as Binance, Huobi, and OKEx. It can also be traded against other cryptocurrencies such as BTC, ETH, and USDT.
Where to store SHIB?
SHIB can be stored in any wallet that supports the ERC-20 token standard such as MetaMask, Trust Wallet, or MyEtherWallet.
SHIBcoin is a cryptocurrency that was created as a fork of Shiba Inu with the aim of building a decentralized ecosystem of digital services and applications. The native token of the SHIB network is called SHIB and has a total supply of 1 billion tokens.
SHIB can be bought and sold on several popular cryptocurrency exchanges such as Binance, Huobi, and OKEx. It can also be stored in any wallet that supports the ERC-20 token standard such as MetaMask, Trust Wallet, or MyEtherWallet.
Toon Finance blows past SafeMoon (SAFEMOON)?
SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow. Deeply connected to and driven by its award winning community (The SafeMoon Army), SafeMoon is innovating for good. Building blockchain, commerce, metaverse and NFT products to derive new kinds of value from crypto technology and to apply it to increasingly better use.
What Is SafeMoon’s Purpose?
SafeMoon’s purpose is to provide new kinds of value from crypto technology and to apply it to increasingly better use. The company is focused on building blockchain, commerce, metaverse and NFT products. They also have a strong focus on their community, which they refer to as the “SafeMoon Army.”
What Are Some of SafeMoon’s Products?
Some of SafeMoon’s products include their blockchain platform, their cryptocurrency (SAFEMOON), and their Metaverse product. The blockchain platform is designed to be scalable and efficient. The cryptocurrency (SAFEMOON) is designed to be a deflationary currency. And the Metaverse product is an online world that allows users to create, buy, sell, or trade virtual assets.
What Is the SafeMoon Army?
The SafeMoon Army is the name of SafeMoon’s community. This community is deeply connected to the company and helps drive its innovation. The community is also responsible for spreading awareness about SafeMoon’s products and services.
SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow. The company is focused on building blockchain, commerce, metaverse and NFT products. They also have a strong focus on their community, which they refer to as the “SafeMoon Army.”
Some of Safe Moon’s products include their blockchain platform, their cryptocurrency (SAFEMOON), and their Metaverse product. If you’re looking for a company that is innovating for good, then you should definitely check out SafeMoon.
Toon Finance is a better option when it comes to a meme coin investment at this point in the game. Safemoon unfortunately does not have much to offer rather than a strong community, which is very important however it will not mean success is sealed. Always research and make sure that you are making the correct investment for yourself and your future.
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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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Bitcoin is looking to trade above the $21k level for the first time this month after adding more than 7% to its value in the last 24 hours.
The cryptocurrency market has continued its excellent start to the week. Bitcoin, the world’s leading cryptocurrency by market cap, has been performing excellently over the last 24 hours.
Bitcoin has added more than 7% to its value so far today. This rally has seen Bitcoin move past the $20k psychology level for the first in two weeks.
At press time, Bitcoin is trading above $20,600 per coin. As the market continues to recover, Bitcoin could rally past the $21k level for the first time this month.
The rally comes as the broader cryptocurrency market continues its excellent start to the week. The total crypto market cap currently stands at $997 billion, up by more than 7% in the last 24 hours.
If the market continues its upward movement, the total market cap could cross the $1 trillion mark before the end of the day. Ether is trading above $1,500 for the first time this month, up by 12% in the last 24 hours.
Key levels to watch
The BTC/USD 4-hour chart is bullish, as Bitcoin has been performing well over the last 24 hours. The technical indicators show that Bitcoin is performing on par with the broader market.
The MACD line is deep within the positive zone, indicating that the bulls are now in control of the market. The 14-day RSI of 77 also shows that Bitcoin could soon enter the overbought region if the rally continues.
At press time, Bitcoin is trading at $20,604 per coin. If the bullish trend continues, Bitcoin could surge past the first major resistance level at $21,312 before the end of the day.
In the event of an extended bullish run, Bitcoin could trade above $22,600 for the first time in more than a month.
Where to buy Bitcoin now
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
As per the cryptocurrency exchange Bitstamp’s announcement, trading Shiba Inu (SHIB) tokens is now possible in the United States. After the biggest European exchange began offering SHIB trading in other markets, this happened.
American users of Bitstamp will be able to exchange the well-known meme cryptocurrency for dollars and euros. Early in June, Shiba Inu was finally made tradable on the major European cryptocurrency platform.
The listing was first disclosed by the well-known trading platform in December. Fans of SHIB, however, had to wait half a year before they could trade their preferred cryptocurrency on Bitstamp due to technical issues.
Trillions of Shiba Inu swapped in the last 24 hours
11 trillion SHIB or 11,182,405,061,512 SHIB have been swapped in the last day, according to data from CoinMarketCap. After momentarily dipping to the $0.0000099 level, Shiba Inu (SHIB) has recaptured the $0.000010 level.
Shiba Inu was showing a slight boost at the time of publication, rising 5% to $0.0000105. The SHIB price dropped down to trade below this crucial level once more after hitting highs of $0.00001058 on Oct. 26 after a four-day upward trend.
On October 24, sellers drove SHIB to a low of $0.0000985. Shiba Inu is trying to establish a base at the $0.00000985 price level after prices failed to fall below it for the second day in a row today.
Before the next move, there may be range trading, since the RSI has flattened below the midway. According to CoinMarketCap data, the prices of the Shiba Inu ecosystem tokens BONE and LEASH have also seen slight gains in the last day.
Despite being down 88% from its peak, SHIB still draws a sizable number of investors. Shiba Inu currently has 1,230,068 holders, according to cryptocurrency data tracker WhaleStats, indicating that the number of SHIB holders has increased recently.
Since the beginning of 2022, the percentage of Shiba Inu “hodlers,” or addresses that have owned SHIB for more than a year, has increased from less than 4% to over 37% of holders.
37% of SHIB holders have held their SHIB for more than a year, 60% have held for less than a year, and 3% have held onto their tokens for less than a month, per IntoTheBlock’s data on holder composition by time held.
