Shiba Inu SHIB/USD is trading higher by some 3.65% to $0.00001037 during Tuesday’s trading session. Shares of several altcoins are trading higher in sympathy with apex cryptocurrency Bitcoin BTC/USD and second-largest market cap crypto Ethereum ETH/USD and U.S. equities. Major indices are higher as investors react to quarterly earnings reports from U.S. companies and assess the possibility of future Federal Reserve policy changes.
What Happened?
New economic statistics show a drop in consumer confidence in the United States, indicating that purchasers may reduce spending amid recessionary worries and aggressive interest rate increases.
The world’s largest digital currency by market capitalization Bitcoin BTC/USD crossed the psychologically important level of $20,000 Tuesday after concluding its longest stretch below that level since the token first crossed it in late 2020.
Bitcoin was trading up by around 4% to $20,185 on Tuesday.
For over three weeks, the token has traded below $20,000, deviating from the coin’s usual volatility…Read More
Shiba Inu is one of the most famous meme coins in the crypto space but while it has struggled to make any gains in 2022, crypto analytics platform Dash 2 Trade is expected to make significant gains – and secured almost $2 million in just three days after its presale went live.
Amid an ongoing bear market and SHIB unable to maintain any momentum, smart investors are turning to new crypto presale projects to maximize their returns.
SHIB Price Prediction: More Pain Ahead
Shiba Inu enjoyed exponential growth in 2021 but has struggled throughout 2022, where it is currently trading 70% down from January and a massive 87% down from its all-time high.
While the project has added utility, including gaming projects and a layer 2 solution, the announcements have done little to affect price.
With unfavorable macroeconomic conditions and Bitcoin forecast to drop even further, SHIB is predicted to bleed even more.
Just like early SHIB investors saw the most gains, investors in presale projects have continued to make strong returns in 2022.
Dash 2 Trade Presale Secures Nearly $2 Million in Three Days
The Dash 2 Trade presale went live on October 20 with 35 million tokens available for $0.0467 each.
Investors rushed to buy into the project with the phase 1 cap of $1.7 million reached in just three days given its low entry point and high returns potential as one of the best ICOs of 2022.
The crypto signals project, which will send out trading alerts and track various metrics to help users maximize their earning potential, has nine stages of presale.
By the final stage, the native D2T token will be on sale for $0.0662 – an increase of 39% over phase 1.
Dash 2 Trade 10x Potential
Dash 2 Trade has the potential to 10x by the end of the year given its low starting price and small max supply and is one of the best cryptos to buy now.
For D2T to 10x it would only need to trade at $0.472 – with a market cap of under $500 million.
With just a 1 billion max supply – and 700 million tokens available in the presale – it will also only take a $1 billion market cap to reach $1 each.
That would represent a massive 21x from the first phase and, given the potential of its protocol, is very achievable.
For SHIB to do 10x from its current price it would need a market cap of $50 billion – currently bigger than every coin except Bitcoin, Ethereum, and USDT.
Dash 2 Trade is a new crypto intelligence platform that aims to help users make better-informed decisions on their holdings and maximize returns.
It will do that in a number of ways, tracking various metrics to send out trading signals when good buy or sell opportunities appear, and spotting trends by analyzing on-chain data and social sentiment.
Users can also access a variety of trading and social trading tools, back-testing them in real-time and discussing strategies to optimize approaches without risking capital.
The dashboard will also include a new and bespoke tracker for crypto presales, using a variety of insights to ensure confidence.
Who is Behind Dash 2 Trade?
Crypto presales can come with risk attached but Dash 2 Trade is extremely low-risk.
The team is doxxed and KYC-verified by CoinSniper – they are the same group behind Learn2Trade, a beginners’ trading platform with more than 70,000 global users.
The token’s contract is rug-proof having been audited by SolidProof.
How Does Dash 2 Trade Work?
Dash 2 Trade works with a monthly subscription, with users picking one of three price tiers to access different features.
The tiers are Free (zero fees), Starter (400 D2T per month), and Premium (1,000 D2T per month).
While the Free tier has access to limited insights and intelligence, Premium level users are granted use of all metrics, and tools, as well as bonus features such as trading competitions.
Shiba Inu (SHIB/USD) has added another zero after the decimal point for its current price. As of press time, the cryptocurrency was exchanging hands at $0.00000996, losing 3% in the week. A brief technical outlook shows the meme token is back to its June and July lows. There are positive things, however, to note.
As the Shiba community ponders when the SHIB Metaverse will come to fruition, the developers are keeping hopes alive. The team has unveiled a new concept art for its virtual reality world, dubbed Dunes.
Of course, it’s not the first time the developers have released concept art. The previous ones included the WAGNI Temple, the Rocket Pond, and Canyon. The Shiba Inu community may be less excited about the concept art, going by the lack of enthusiasm around SHIB’s price. However, it at least shows the work in progress for Shiba Inu’s virtual reality world.
Meanwhile, the SHIB burn rate is also on the rise. In the last 24 hours, over 45 million tokens were burned. That represented a 1,860% spike in burn for the meme cryptocurrency. The burning mechanism aims to tame falling SHIB prices. However, investors are hearing none of it. Some are even questioning whether SHIB will survive till the end of 2023. How can that be?
The community is concerned that despite the introduced burn mechanism, SHIB continues to decline. The lack of real utility of the token has been blamed for limited network activity and growth.
SHIB continues to slide below moving averages
Source – TradingView
The technical outlook is bleak for SHIB. Despite sitting at support, sellers are active at the current price. An RSI reading of 38 suggests that there are more sellers, and we are yet to get to the oversold zone. The price momentum is weak as moving averages continue to offer resistance above.
What next for SHIB?
The technical indicators and price momentum pits SHIB back to the June lows of $0.0000072.
However, with the extremely low valuations, more utility for the meme token could allow SHIB to surprise markets. That’s what SHIB is known for – making parabolic moves at the slightest of positive news. Consequently, whereas there is a risk for SHIB, it also carries an unprofaned opportunity.
Where to buy SHIB
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.
Play-to-earn (P2E) games, digital platforms that let users earn rewards by playing, are gaining popularity. Their concept of allowing gamers to monetise their games has boosted the value of their in-game currencies. Cryptos native to Decentraland, Sandbox, and Axie infinity has the potential to rally post the bear market.
Decentraland MANA
Topping is Decentraland (MANA/USD), an Ethereum-based token, ranked # 47 with a valuation of $1.3 billion. It powers Decentraland, a blockchain comprising Games, NFTs, and user-managed experiences. The Decentraland concept is big on LAND NFTs, also referred to as virtual platforms that enable users to interact.
Source: Tradingview
From the daily chart, MANA is consolidating at $0.603 support after a trend of lower highs and lower lows. If the level does not hold, the token could find lower support. On the contrary, $0.671 is the immediate resistance.
Where to buy MANA
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.
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Second on the best P2Es to watch is Sandbox (SAND/USD), currently trading at $0.7472, with a market cap of $1 billion. Although the price is a fraction of its $7.5 ATH, the platform is ranked as one of the largest GameFi platforms. Sandbox has been attracting corporate investors, the latest being Paris Hilton for cryptoween experience.
Source: TradingView
According to the daily chart above, SAND has been on a strong sell-off. The possible retracement levels in the next leg up are $0.86, $0.95, $1.03, and $1.10, all at the Fibonacci levels.
Where to buy SAND
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.
The NFT-based online game, developed by Sky Mavis, had significant success last year. Its native token, AXS, traded at the peak of $160. However, the crypto winter has since eroded the gains to as low as $9 at the moment, representing a market cap of $1 billion. As CoinJournal reported, news of unlocking more Axie Infinity Shards contributed to the latest decline.
Despite the huge selloff, Axie Infinity remains a strong P2E platform, recently releasing Game Raylights, the first blockchain land mini-game. With its popularity among play-to-earn investors, it has the potential to return big gains in the next bull run.
Source: TradingView
AXS lost $12 support on October 5. The momentum indicator, RSI, is at 33, above the oversold zone, meaning AXS could be due for a trend reversal.
Where to buy AXS
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.
Play-to-earn (P2E) games, digital platforms that let users earn rewards by playing, are gaining popularity. Their concept of allowing gamers to monetise their games has boosted the value of their in-game currencies. Cryptos native to Decentraland, Sandbox, and Axie infinity has the potential to rally post the bear market.
Decentraland MANA
Topping is Decentraland (MANA/USD), an Ethereum-based token, ranked # 47 with a valuation of $1.3 billion. It powers Decentraland, a blockchain comprising Games, NFTs, and user-managed experiences. The Decentraland concept is big on LAND NFTs, also referred to as virtual platforms that enable users to interact.
Source: Tradingview
From the daily chart, MANA is consolidating at $0.603 support after a trend of lower highs and lower lows. If the level does not hold, the token could find lower support. On the contrary, $0.671 is the immediate resistance.
Where to buy MANA
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.
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Second on the best P2Es to watch is Sandbox (SAND/USD), currently trading at $0.7472, with a market cap of $1 billion. Although the price is a fraction of its $7.5 ATH, the platform is ranked as one of the largest GameFi platforms. Sandbox has been attracting corporate investors, the latest being Paris Hilton for cryptoween experience.
Source: TradingView
According to the daily chart above, SAND has been on a strong sell-off. The possible retracement levels in the next leg up are $0.86, $0.95, $1.03, and $1.10, all at the Fibonacci levels.
Where to buy SAND
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.
The NFT-based online game, developed by Sky Mavis, had significant success last year. Its native token, AXS, traded at the peak of $160. However, the crypto winter has since eroded the gains to as low as $9 at the moment, representing a market cap of $1 billion. As CoinJournal reported, news of unlocking more Axie Infinity Shards contributed to the latest decline.
Despite the huge selloff, Axie Infinity remains a strong P2E platform, recently releasing Game Raylights, the first blockchain land mini-game. With its popularity among play-to-earn investors, it has the potential to return big gains in the next bull run.
Source: TradingView
AXS lost $12 support on October 5. The momentum indicator, RSI, is at 33, above the oversold zone, meaning AXS could be due for a trend reversal.
Where to buy AXS
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.
Alex Dovbnya
Bitstamp has listed popular meme cryptocurrency Shiba Inu (SHIB) in U.S. after initially making it available in other markets earlier this year
Cryptocurrency exchange Bitstamp has announced that the Shiba Inu (SHIB) token is now available for trading in the U.S.
This comes after the largest European exchange launched SHIB trading in other markets.
Bitstamp’s American customers will be able to trade the popular meme cryptocurrency against the U.S. dollar and the euro.
As reported by U.Today, Shiba Inu finally became available for trading on the leading European cryptocurrency exchange in early June.
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The popular trading platform initially announced the listing last December. However, it had been hampered by technical difficulties, and SHIB fans had to wait half a year in order to be able to trade their favorite cryptocurrency on Bitstamp.
Surviving crypto winter
The SHIB price has declined roughly 89% since last October, leaving late buyers in the dust. The canine cryptocurrency plunged together with Bitcoin and other altcoins amid the ongoing crypto winter despite seeing growing adoption and notable developments within its ecosystem.
Jean-Baptiste Graftieaux, CEO of Bitstamp, recently said that the exchange had not been significantly impacted by this year’s crypto rout that led to declining revenues.
Bitstamp has experienced many boom-and-bust cycles in crypto, and Graftieaux appears to be confident that it will be able to weather another cryptocurrency crisis. The Luxembourg-headquartered exchange, which was founded all the way back in 2011, is one of the oldest cryptocurrency companies that remains operational today.
Shiba Inu’s project SHIB: The Metaverse announced a collaboration with The Third Floor (TTF) studio towards the end of July. The visualization studio has been working on the Metaverse project to give users an immersive experience.
TTF, as such, had been tasked to visualize, design, and build the Metaverse and engage users. The studio confirmed in the past that the Shiba Inu Metaverse would have aesthetic visuals showcasing innovative and immersive technology.
On Tuesday, the team revealed one of its fresh metaverse concept art. Technically, concept artwork refines the visual representation process and is used to convey an idea for use in films, video games, animation, and other media before it is put into the final product. By using the same in the Shiba Inu Metaverse, the creativity game is set to be notched up.
In mid-September, the project teased another detailed look at one of their upcoming areas in the SHIB metaverse. Notably, SHIB’s metaverse went online in April of this year, and virtual real estate was sold instantly upon launch. The said tease was associated with the Rocket Pond area that’s to be a part of the virtual space.
Now, in what is the latest development, Concept Art associated with the HUB was revealed on Tuesday. Outlining the essence of the same, the blog post noted,
“Concept art provides the strongest reference points aligning the creative outlook and aspect on the project or in this case, the HUB being introduced.“
The elements in the black and white sketch featured architectural inspirational designs taken from many locations and featured various mirages, oases, the Sossusvlei Park, Egypt’s Pyramids, Africa’s Sahara Desert, and the UAE all in one frame.
The following depicts the early sketch, in black and white:
Despite the said reveal, Shiba Inu’s price remained stagnated. The token was down by 0.8% on the daily and 3.4% on the weekly. At press time on Tuesday, the $5.46 billion market-capped asset was trading at $0.000009949.
Shiba Inu burn rate is up 1,494% after a massive burn of 147.5 million SHIB over the past week.
SHIB burn rate has steadily declined, weekly burn in October is similar to the daily burn in the month of August 2022.
A new Shiba Inu whale scooped up 3.36 trillion SHIB in a single transaction.
Shiba Inu’s burn rate has climbed 1,494% – a significant increase over the past 24 hours. Based on data from the portal that tracks Shiba Inu’s burn implementation and statistics, Shibburn, the pace of SHIB token destruction has picked up. Normally a bullish factor, the exponential increase in the burn rate is a reaction to SHIB price’s recent weakness, and holders are hopeful it will have a reversal effect.
Shiba Inu’s burn rate climbed because of this factor
Shibburn website statistics reveal that Shiba Inu’s burn rate has spiked up significantly over the past 24 hours. 45.16 million SHIB were burned over the past day and 147.5 million Shiba Inu tokens were permanently pulled out of circulation through last week.
Shiba Inu sent to a dead wallet address is permanently removed from circulation and considered burnt. There are two addresses that serve the purpose of dead wallets, identified as Burn Address one and two (BA-1 and BA-2) on the Shibburn portal. Several large wallet investors have contributed to the massive burn of the meme coin.
Shibburn burn transactions, SHIB tokens transferred to BA-1 or BA-2
In August 2022 the daily burn was higher than weekly burn in October 2022. Shiba Inu holders used to send one or two billion meme coins on average to “dead” wallets. The burn rate has declined consistently over the past two months so the recent sudden rise must be set against an overall decline in tokens burned.
Will Shiba Inu price eat a zero?
On October 19, Shiba Inu price suffered a decline, ‘adding’ a zero to the asset’s price (after the decimal stop). Shiba Inu is currently changing hands at $0.00000999. The Shiba Inu community typically increases the pace of SHIB burn and accumulates SHIB when the asset adds a zero. Combined efforts of Ethereum whales holding Shiba Inu and retail SHIB traders usually pushes the Dogecoin-killer’s price higher.
A whale wallet tracker platform @whale_alert alerted SHIB holders to a new whale who added 3.36 trillion Shiba Inu tokens in a single transaction on October 24. This is the first ever transaction by the whale, and the creation of more large wallet investors in Shiba Inu fuels bullish sentiment among holders.
Do you want to know which coins are trending right now?
In this blog post, we will discuss Shiba Inu (SHIB), Ethereum (ETH), and Snowfall Protocol (SNW) – three coins that you should definitely know about!
Each of these coins has seen a significant increase in value in recent weeks, so now is the time to get involved. We will go over what each coin is used for, as well as their unique features and benefits. So, without further ado, let’s get started!
Crypto #1 – Shiba Inu (SHIB)
Shiba Inu (SHIB) is a cryptocurrency that was created as a parody of Dogecoin. It is based on the Shiba Inu dog breed, which is popular in Japan. The Shibu Inu (SHIB) coin was created to satirize the growing popularity of cryptocurrencies.
Despite its initial purpose, Shiba Inu (SHIB) has seen a lot of success since its launch. The coin has gained a loyal following and has even been listed on major exchanges. What sets Shiba Inu (SHIB) apart from other cryptocurrencies is its unique marketing approach. The team behind the coin uses memes and humor to promote it, which has helped it gain a lot of attention.
If you’re looking for a fun and unique cryptocurrency to invest in, Shiba Inu (SHIB) is a great option. As a meme coin, it will likely continue to gain popularity in the months and years ahead. This is because Shiba Inu (SHIB) is a lighthearted project that people can invest in without taking themselves too seriously.
Crypto #2 – Ethereum (ETH)
Ethereum (ETH) is a decentralized platform that runs smart contracts. These contracts are applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum (ETH) was first proposed in 2013 by Vitalik Buterin, and it has since become one of the most popular cryptocurrencies in the world.
What makes Ethereum (ETH) so special is its blockchain technology. This allows developers to build decentralized applications on top of the Ethereum (ETH) network. These applications can be used for a wide range of purposes, from payments and lending to data storage and identity management.
Ethereum (ETH) is an incredibly versatile platform with a lot of potential. It is already being used by some of the largest companies in the world, and its use is only expected to grow in the years ahead. Overall, Ethereum (ETH) is a great investment option.
Crypto #3 – Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It enables users to swap assets across the most widely used EVM and non-EVM compatible chains. Snowfall Protocol (SNW) has the potential to revolutionize the cryptocurrency industry.
This technology can be likened to the creation of the first highways. It will allow for the free flow of information and value between different blockchain networks. This will make it easier for people to use multiple cryptocurrencies and will help to increase adoption.
If you’re looking for a project that has the potential to change the cryptocurrency industry, Snowfall Protocol (SNW) should be at the top of your list. It’s currently trading for $0.009 which means it’s undervalued. It’s likely going to skyrocket in value as top market experts suggest that it’s a 1000x token.
There’s still a 5000% increase potential as it gains momentum leading to the launch date. It’s already up more than 30% since the presale started.
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Source – TradingView
Source: Tradingview
Source: TradingView
Source: TradingView
