MetaCryp (MTCR) is a one-of-a-kind gaming platform that combines the features of GameFi, DeFi, NFTs, and the Metaverse to create a unique gaming experience for users.
Recently, a massive crypto transaction of Shiba Inu was noted by a crypto whale.
In the transaction, 3,388,119,787,804 SHIB worth about $34 Million got transferred from unknown wallet to unknown wallet.
The most advanced blockchain tracker and analytics system, Whale Alert, a high-net-worth crypto investor transferred a huge amount of meme coin, Shiba Inu (SHIB) in a single transaction.
The data sourced from whale-surveying platform, Whale Alert, the deep-pocketed investor quickly and without warning shifted 3,388,119,787,804 SHIB worth roughly $34 Million from an unknown wallet to another one.
As per the analysis of the blockchain search engine, Etherscan, the sending wallet got totally abandoned as it no longer holds any funds or digital assets. On the other hand, the receiving wallet, which was empty before, now had the Millions of Dollars worth of SHIB that was sent.
Also, Etherscan data, showed the 50th richest Shiba Inu Whale contributed an incredible 125.34 billion SHIB, worth around $1.32 Million, in two separate transactions.
After that, the Whale added 63.60 Billion SHIB, or $673,537, to its wallet, which increased the number of Shiba Inu it owned. Additionally, the seventh-largest Shiba Inu whale surfaced and made a sizable purchase of 131.63 Billion SHIB, or approx. $1.39 Million. And, the famous Shiba Inu Whale now has 15.44 Trillion SHIB (approximately $163.51 Million) in her wallet. The world’s second-largest canine-themed cryptocurrency by market cap dropped below a critical support level, sparking renewed interest in SHIB.
However, following the huge accumulation of Whales, the price of SHIB/USD quickly recovered.
In the continuation, on October 19, Shiba Inu tried to break the significant support level of $0.0000094 on the four-hour chart. Luckily, it got unsuccessful, as two anonymous, wealthy Shiba Inu buyers invested a staggering $2.72 Million in three significant transactions to purchase 256.98 Billion SHIB.
In addition, the meme token, SHIB has seen rise in its use cases, as on October 11, 2022 Coinbase announced its partnership with Google Cloud to accelerate web3 adoption and innovation. This partnership would see Shiba Inu along with ashite of other altcoins that will be accepted by Google Cloud.
SHIB Price Analysis
CoinMarketCap: Shiba Inu to USD Chart
The above graph shows the recent seven days price performance of Shiba Inu. At the time of writing, Shiba Inu is currently trading at $0.000010 USD with a 24-hour trading volume of $166.31 Million USD. Shiba Inu is down 2.83% in the last 24 hours. Its current CoinMarketCap ranking is #15, with a live market cap of $5.36 Billion USD.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Tron (TRX) and Shiba Inu (SHIB) are changing the narrative of their meme coin status by stepping up their burn rates.
The Tron (TRX) price and Shiba Inu (SHIB) price remain unaffected and we look at whether Tron (TRX) and Shiba Inu (SHIB) will ever recover.
We also look at The Hideaways, which is currently running a 50% off flash sale for a limited time only. This is the cheapest the HDWY token will ever be, so investors are making the most of the reduced price.
Tron (TRX): Project Losing Momentum?
After founder Justin Sun left the project to the community, Tron (TRX) has become nothing more than a joke token.
It was an unfortunate event for holders since the Tron Network is among the first to envision the decentralization of digital content.
Unlike Tron (TRX), team tokens in The Hideaways (HDWY) are locked for a year, while liquidity is kept forever. This prevents the possibility of a rug pull after hitting the crowdfunding target.
Tron (TRX) burned 1.1 billion tokens in May 2022 while producing only 5.2 million. But even a deflationary status could not bring investor confidence back to the project.
Shiba Inu (SHIB) burn rate hits record high again
Shiba Inu (SHIB)’s burn rate rallied nearly 600% in the last 24 hours – 50 million SHIBs were sent to dead wallets over the same period.
On the other hand, this is relatively small compared to its circulating supply of 1 quadrillion, and investors see this as a signal to seek more stable projects like The Hideaways (HDWY).
In its mission to make prices more stable, Shiba Inu (SHIB) has burned 410 trillion since its founding. Analysts say burning events will not discount the fact it has zero real-world usage – prices will always be volatile to the ups and downs of the market.
Flash sale now live at the Hideaways
The Hideaways (HDWY) is becoming more popular than projects like Tron (TRX) and Shiba Inu (SHIB) and the presale is offering the HDWY token at a huge 50% discount. This is the cheapest the HDWY token will ever be, and investors are buying big.
The Hideaways (HDWY) is working on a real project. It plans to introduce decentralization towards real estate investing by selling NFTs that are underpinned with real-life properties.
This means that however volatile the NFT market will be, The Hideaways (HDWY) will always be stable.
The Hideaways (HDWY) still has a low market capitalization and investing in it means you’ll be buying a token at $0.03 that analysts think will be listed on exchanges at close to $1.00. A huge 30x on your investment in 2023.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Cardano (ADA), Shiba Inu (SHIB), and Snowfall Protocol (SNW) are about to experience a huge surge in value, according to recent reports. The three cryptocurrencies have been trending upward in recent weeks, and there is no indication that this trend will reverse any time soon. If you’re thinking of investing in any of these coins, now might be the time to do so!
In this crypto trends market report, we will be discussing:
Cardano (ADA), is a leading smart contract platform that is scalable, decentralized, and environmentally friendly.
Shiba Inu (SHIB), is a meme-based cryptocurrency that has seen explosive growth in recent months.
Snowfall Protocol (SNW), which is a new protocol that promises to make blockchains more interoperable
Cardano (ADA) Is Trending To The Top – Invest Now?
Cardano (ADA) has been one of the top-performing cryptocurrencies in recent months, and it is showing no signs of slowing down. Cardano (ADA) has a strong focus in the regions of Africa and Asia, which is where most of the world’s population resides.
Cardano (ADA) is also working on bringing blockchain technology to the people who need it the most. Cardano (ADA) is a great investment for those who believe in the power of blockchain technology and its ability to change the world.
Shiba Inu (SHIB) Is On The Rise – Should You Invest?
Shiba Inu (SHIB) is a meme-based cryptocurrency that has seen explosive growth in recent months.
Shiba Inu (SHIB) is a great investment for those who are looking for high-risk, high-reward investments. Shiba Inu (SHIB) has the potential to 100x in value in the coming months, making it a very attractive investment opportunity.
Shiba Inu (SHIB) may not have the same use cases as the other cryptocurrencies in this article, but people love investing in this funny coin. If you want to allocate a small portion of your portfolio to this, feel free to do so but just be careful not to over-invest as it can be volatile.
Snowfall Protocol (SNW) Is Bridging At Its Best – Invest Now?
Snowfall Protocol (SNW) is still in its early stages, but it has already increased by more than 80%. Soon, it will increase by another 5000% because of its unique bridging model. It’s enviable that this token will be a 1000x investment. However, you should invest now while the price is still $0.009. Check out the links below to learn more about this opportunity.
The problem Snowfall Protocol (SNW) is solving is major. It’s like an iPhone user could only use apps from the Apple store and an Android user could only use apps from the Google Play store. That’s not very interoperable, right? Snowfall Protocol (SNW) is going to change that by creating a protocol that will allow different blockchains to interact with each other.
This is HUGE because it will increase the adoption of blockchain technology by leaps and bounds. So, make sure to invest in Snowfall Protocol (SNW) while the price is still low!
For more information about Snowfallprotocol.io’s (SNW) Pre-sale
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Prices of top assets from the crypto market hardly fluctuated this week. Bitcoin remained stagnated around the $19k threshold, while Ethereum horizontally oscillated between $1.2k to $1.3k.
Nevertheless, the community kept discussing the odds of a possible recovery against the odds of a prolonged downtrend. In fact, today’s options expiry was also a point of contention. Resultantly, the top-two cryptos, Bitcoin and Ethereum, managed to garner the highest social engagement this week.
Of late, the largest meme-coin—DOGE—had become irrelevant. Over the past few days, however, it did manage to garner social traction, thanks to Musk. On 12 October, the self-proclaimed DogeFather announced that customers could buy his ”Burnt Hair” perfume using Dogecoin. And perhaps that contributed to the refined social sentiment rollover this week too.
Aptos featured fourth on the list. This coin had been trending on social platforms even before its official launch itself. As highlighted in a recent article, the project received a lot of backlash pertaining to its slow TPS processing on social platforms. Alongside, the listings of FUD and the tokenomics controversy were also widely spoken about.
Three other cryptos from the top 10—Solana, XRP, and Cardano—managed to feature on the list. While the community was more interested in the investment aspect of Cardano and Solana, the case was a bit different for XRP. NFTs on the XRP Ledger and the developments in the ongoing lawsuit against the SEC were talking points about the sixth-largest crypto.
With fairly high social engagements, Axie Infinity, Velas and Tezos also found a place for themselves in the list.
Shiba Inu misses out
Shiba Inu, surprisingly, did not make the cut. The SHIB Army has always been quite enthusiastic and engaging on social platforms like Twitter. Right from sharing and endorsing updates and releases to discussing burn rates and potential price actions, they’ve mostly been on their feet.
Of late, however, it seems like the community has started feeling things are becoming redundant within the ecosystem. There have, undoubtedly, been regular updates and releases—like the ShibaEternity game—that have been taking place. But, they’ve not essentially aided the asset’s price recovery.
On the other hand, all the main releases—like Shibarium—that the community believed can scale Shiba Inu’s price up sustainably, are being postponed. Perhaps that’s why they losing interest in it.
Alongside the 6% weekly price decline, Shiba Inu-related social mentions and engagements have dropped by 7.7% and 2.8% respectively.
Shiba Inu holders can now pay for their Netflix subscription and shop on amazon with their SHIB tokens.
The 7th biggest Shiba Inu Whale adds over 322 billion tokens to his SHIB holdings.
Per multiple reports, SHIB token holders can now pay their subscription for Netflix’s streaming service and shop on amazon using any of the tokens from the SHIB ecosystem. In addition, the FCFPay Visa card, which is acceptable on Amazon and Netflix, makes payment with SHIB, bone, and leash tokens possible.
In a recent announcement, Canada-based crypto payment gateway, FCFPay, stated that its crypto card users could subscribe to various award-winning documentaries, TV shows, movies, and animes on Netflix and pay for products and services on amazon. In addition, FCFPay explained that payments would be successful once users have sufficient crypto tokens to cover the payments they want to make.
As previously reported, FCFPay started supporting payments with SHIB, BONE, and LEASH tokens three months ago. Following the listing, over 5 million online stores across 195 nations started accepting these three tokens from the SHIB ecosystem as payment methods.
SHIB’s broader adoption continues to grow daily. Recently, a partnership with a top digital fundraising platform, The Giving Back, made it possible for the Virunga national park (Africa’s oldest national park) to start accepting SHIB tokens as donations. Earlier, BitPay and Germany-based SAP SE (an enterprise app software firm) partnered to enable the latter’s employees to receive part of their salary in SHIB tokens.
Also, BitPay recently partnered with BlueSnap (a global payments company) to enable BlueSnap to start accepting SHIB payments. Earlier in the week, CertiK (a crypto security platform) ranked Shiba Inu as the second safest crypto project, with polygon ranked number one.
Top Shiba Inu whale adds 322 billion SHIB tokens in one week
Meanwhile, Etherscan.io data has revealed that the 7th biggest SHIB Whale bought 96.74 billion SHIB tokens in one transaction. The data also showed that this top Shiba Inu Whale has been purchasing huge SHIB tokens in the past week.
The top SHIB investor has added more than 322 billion SHIB tokens (valued at about $31.9 million) to his wallet in nine transactions between last Thursday and today. The Whale made his biggest SHIB token purchase last Thursday when he bought 131.63 billion SHIB tokens worth nearly $1.4 million in one transaction.
Adding these new holdings means this SHIB Whale now holds 15.63 trillion SHIB tokens (worth about $155 million). Meanwhile, the famous blockchain analytics firm, WhaleStats, revealed via Twitter that the top 500 Ethereum Whales still hold the largest amount of SHIB tokens.
— WhaleStats (tracking crypto whales) (@WhaleStats) October 20, 2022
This positive news about Shiba Inu hasn’t been reflected in SHIB’s price. The price of the meme-themed token is down 2.48 percent in the last 24 hours and 7.43 percent over the previous seven days.
SHIB holders can now use the SHIB Trifecta (SHIB, BONE, and LEASH) as a payment option via FCFPay Visa Card to make purchases on Amazon and use Netflix’s subscription-based streaming services.
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SHIB is bearish, targeting $0.0000088
SHIBUSD Price Analysis – October 21
Further increase in the sellers’ momentum may break down the $0.0000095 support level, SHIB will be exposed to $0.0000088 and $0.0000076 levels. In case the buyers’ momentum increase, there may be a reversal movement towards $0.000010, $0.000011 and $0.000012 resistance levels.
Support levels: $0.0000095, $0.0000088, $0.0000076
SHIBUSD Long-term Trend: Bearish
On the daily chart, SHIBUSD is on the bearish movement. Sellers has been ruling the SHIB market since the formation of the bearish chart pattern called Head and Shoulder. Last week, the coin was consolidating around the $0.000010 level. Sellers are gaining more pressure and the price is decreasing towards the support level of $0.0000095. The crypto is trying to complete the formation of the bearish chart pattern formed.
SHIB is trading below the two EMAs as a sign of bearish movement. The fast Moving Average (9 periods EMA) is crossing the slow Moving Average (21 periods EMA) downside. Further increase in the sellers’ momentum may break down the $0.0000095 support level, price will be exposed to $0.0000088 and $0.0000076 levels. In case the buyers’ momentum increase, there may be a reversal movement towards $0.000010, $0.000011 and $0.000012 resistance levels.
SHIBUSD medium-term Trend: Bearish
SHIBUSD is bearish in the 4-hour chart. The pressure of the Sellers is increasing and the price is decreasing accordingly. The support level of $0.0000095 is tested and may be broken downside. An increase in the sellers’ pressure may decrease price below $0.0000095 level.
Currently, IMPT token is more than midway through its presale, and has thus far experienced dramatic success, having now raised almost $6m.
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The coin is trading below the 21 periods EMA and 9 periods EMA. The fast moving EMA has crossed the slow moving EMA downside which indicate that sellers’ momentum is increasing in Shiba Inu market. The relative strength index period 14 is at 33 levels and the signal lines is exhibiting sell signal.
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MetaCryp (MTCR) is a one-of-a-kind gaming platform that combines the features of GameFi, DeFi, NFTs, and the Metaverse to create a unique gaming experience for users.
Metacryp (MTCR) is a Metaverse project that intends to provide users with entertainment solutions based on the blockchain.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
SHIB holders can now use the SHIB Trifecta (SHIB, BONE, and LEASH) as a payment option via FCFPay Visa Card to make purchases on Amazon and use Netflix’s subscription-based streaming services.
