According to IntoTheBlock data, Shiba Inu whales, or large holders, got into the action as large transactions rose 154% in the last 24 hours. Large transaction surges are typically linked to increased activity from whales, who are either buying or selling and are often more than $100,000. Most Shiba Inu price moves have often coincided with a spike in large transactions.
According to crypto data tracker WhaleAlert in two lumps, 3,377,867,790,724 SHIB worth $37,375,684 and another 3,914,263,607,418 SHIB worth $42,932,556 were moved in between wallets. Shiba Inu saw a massive spike on Oct. 27 to reach highs of $0.0000118 but has since returned to trade near $0.0000106.
WhaleStats’ analysis of the top 100 Shiba Inu holders also reflected a 50% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. The average SHIB balance in this category of whales rose slightly (2.45%) in the last 24 hours.
JUST IN: $SHIB@Shibtoken now on top 10 by trading volume among 2000 biggest #ETH whales in the last 24hrs 🐳
Shiba Inu also ranked among the top 10 assets in terms of trading volume among the 2,000 biggest ETH whales.
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Currently, the top 500 ETH whales are hodling $133,187,605 worth of SHIB. According to CoinMarketCap, Shiba Inu was trading at $0.0000106 at the time of publication, up 1.75% in the last hour and down 3.99% overall in the last 24 hours.
Shiba Inu gains “hodlers”
According to IntoTheBlock’s data on holder composition by time held, 40% of SHIB holders have “hodled” their tokens for more than a year, 57% have held within a year and 3% have held onto their tokens for less than a month.
As reported previously, the percentage of long-term holders, or “hodlers,” was given at 38% on Oct. 26. The current 40% implies an increase.
Shiba Inu (SHIB) and Stacks (STX) are among investors’ top choices today due to their enormous yields and cutting-edge mechanisms that eliminate interference from third-party institutions like banks and brokerage firms. New cryptocurrency Dogeliens (DOGET) is set to join this list.
As blockchain technology and the cryptocurrency market develop, developers release more products with increasingly practical use cases, allowing cryptocurrency traders to diversify their portfolios.
If you’re unsure how to pick dependable and lucrative crypto assets, start by looking up Shiba Inu (SHIB) and Stacks (STX).
However, the new cryptocurrency, Dogeliens (DOGET), has already been tipped by analysts to yield higher returns than Shiba Inu (SHIB) and Stacks (STX) within the next five (5) years.
Here are some things you need to know about the three cryptocurrencies to get started.
Shiba Inu’s Rise to Success
Shiba Inu (SHIB) was launched in August 2020, seven years after Dogecoin (DOGE). However, it rapidly achieved success and is currently the second-largest meme coin by market cap.
Inspired by Dogecoin (DOGE), Shiba Inu (SHIB) was created to outperform Dogecoin (DOGE) in the cryptocurrency market, and some users believe that Shiba Inu (SHIB) may eventually surpass Dogecoin (DOGE).
Shiba Inu (SHIB) demonstrated its strength as a top cryptocurrency by maintaining its market position even amid the 2022 crypto collapse.
Its developers are also increasing its use cases, as seen with its recent foray into the metaverse.
Stacks — Bridging Blockchain Technologies
Stacks (STX) is one of the high-potential cryptos in the market. It operates a layer-1 blockchain built to attract smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. This crypto platform is also a giant in the Metaverse, using its security to create a Metaverse and a decentralized finance (DeFi) ecosystem.
Stacks (STX) is trying to create a better user-owned and decentralized internet through the Bitcoin network. Bitcoin (BTC) does not support smart contracts, which are essential for launching dApps like blockchain games. Therefore, Stack (STX) has become the linking platform between Bitcoin and the creation of dApps.
Stacks’ native token is STX, which is used to run dApps and feed smart contracts on the Stacks (STX) network. The network employs a Proof-of-Transfer (PoT) consensus mechanism, which validates the Stacks (STX) blockchain with the Bitcoin blockchain network.
Dogeliens: Dog-Themed Meme Coin with Explosive Growth Potential
Dogeliens (DOGET) is a new meme coin inspired by the tale of a loyal and honorable army of dog aliens inhabiting the planet of Puptopia.
Dogeliens (DOGET) is generating a lot of buzz in the cryptocurrency market due to its multiple passive income-earning opportunities. Additionally, it has launched a native token called DOGET, which can be used for staking, supplying liquidity pools, earning rewards, and minting NFTs.
The tokens are currently available to interested buyers in the Dogeliens (DOGET) pre-sale. Moreover, buyers will receive extra benefits for each token they purchase. These benefits will vary depending on various factors, including the cryptocurrency the buyer uses, the pre-sale stage, and the amount purchased.
Furthermore, users will have a secure marketplace where they can mint NFTs. Dogeliens (DOGET) users can also participate in the ecosystem’s play-to-earn mode, where they create a battalion of NFT dogs to battle the enemy’s army of dog aliens.
They have the chance to win enticing prizes in addition to participation bonuses. Additionally, 3% of each transaction will be designated for charitable purposes, and after each month, the charity that will receive the funds will be chosen by community members.
Shiba Inu (SHIB) and Stacks (STX) are unarguably top cryptocurrencies with massive potential. However, experts believe Dogeliens (DOGET) will dominate them in the future because of its enormous earning and reward potential.
Don’t miss out on the next big cryptocurrency today!
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
Contact us if you have any questions: [email protected]
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.
Meme cryptocurrencies are backed by a loyal community of supporters. Dogecoin ($DOGE) is the original meme cryptocurrency that started a revolution largely driven by its loyal holders who kept shilling the token on various social media channels. Shiba Inu ($SHIB) is another meme cryptocurrency that has developed a strong community. BudBlockz ($BLUNT) is an upcoming cannabis marketplace that strives to build a loyal community along with strong utilities. Meme coins often find it difficult to survive if they do not have strong use cases. However, BudBlockz is building unique and innovative solutions for the cannabis industry while leveraging the power of meme communities to amplify its marketing efforts.
BudBlockz is working to leverage meme community power while being backed by strong utilities
BudBlockz is a cryptocurrency powered marketplace for the cannabis sector. Users will be able to purchase cannabis products through the BudBlockz e-commerce marketplace and make payments through the $BLUNT Token. Payments processed through $BLUNT will enable quick transactions at lower costs. The $BLUNT Token can be bought on presale here.
BudBlockz has been able to build a loyal community of holders in a short period of time. A private sale resulted in 26,880,000 tokens being sold quickly. The presale is a good period to accumulate this new cryptocurrency at low prices.
Cannabis marketplace for customers and peer-to-peer transactions powered by blockchain technology.
Ganja Guruz NFT collection for special discounts and fractional ownership of cannabis farms and dispensaries. The Ganja Guruz collection will be listed on Opensea.
Decentralized finance through the BudSwap exchange for generating passive income.
Airdrops and attractive rewards through a play-to-earn ecosystem comprising arcade games built on cannabis themes.
The $BLUNT Token has managed to create publicity through its loyal community and plans to issue airdrops and rewards in the future for all its users. The $BLUNT Token can also be staked so you don’t have to sell the coin to book profits. Simply watch your earnings accumulate over the long term through DeFi and staking.
Dogecoin registers considerable gains
Dogecoin is a meme cryptocurrency backed by a powerful community of loyal holders and has recently been seeing gains. The $DOGE Token is widely used as a payment cryptocurrency and has had a history of supporting community causes. The Dogecoin cryptocurrency led to a revolution of meme tokens and is largely credited for making cryptocurrencies popular among retail users. The $DOGE Token is backed by celebrities including Elon Musk who regularly tweets about the project.
Shiba Inu burn rate increases as token registers another rally
Shiba Inu is another cryptocurrency inspired by Dogecoin. The $SHIB Token saw a huge rise in value in the past and remains a hot favorite among investors. The Shiba Inu community has implemented a burn mechanism to reduce supply which is expected to push prices in the long term. The Shiba Inu platform also has plans for a metaverse solution to develop strong use cases for this community token.
Learn more about BudBlockz (BLUNT) at the links below:
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
Contact us if you have any questions: [email protected]
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.
With the world of crypto constantly evolving and gaining and losing popularity and hype by the day, it can be tricky to know where to direct your attention. Who is the next best cryptocurrency? What platforms can I trust? What coins should I invest in to maximise monetary growth and success in the crypto world?
We’ve got you covered.
With various coins escalating in the market and their successes being determined by the hour in some instances, many of us need direction to point us towards the best coins for us. Big Eyes Coin and Shiba Inu are game changers and it might be the right time to invest more than your time into these coins.
Big Eyes Coin And Its Cat-ulous Crypto Qualities
For many of us, the thought of involving cats in any aspect of our daily lives sounds like an absolute dream. So how about incorporating your love for the feline friends into the world of decentralised finance? How do you ask? Let’s learn.
This crypto cathouse is not yet on the market, however, its presale setup is exceeding expectations and has already raised an impressive nearly $9 million. The community-owned coin gives the users the power to have their say on the way the platform works and how the functionalities work in their favour.
Big Eyes Coin gives anyone involved in crypto at whatever level the perfect opportunity to invest in a new and exciting platform.
The crypto community also allows people with shared interests to connect and develop their understanding of cryptocurrency. It creates the perfect space for cat lovers everywhere to interact with each other and deepen their knowledge and investment into Big Eyes. With fantastic features for animal lovers and environmental impacts with the platform’s NFTs and charitable causes, Big Eyes are the coin to keep your eyes peeled for.
With the Big Eyes Coin raising nearly $9 million in just the presale alone, it is clear that this up-and-coming coin is one to buckle up for. They are also offering super cute bonuses when you sign up! When you use the code BEYES948, you can unlock even more exciting features with Big Eyes.
But when it comes to more established and well-known coins like Shiba Inu, how does it compare to the hype and excitement around the Big Eyes Coin?
Shiba Inu Looking Better Than Ever On The Market
Kickstarting in 2020, the dog meme token has inspired millions of people across the globe to invest in them. The community-led coin has evolved into a vibrant ecosystem and has won the hearts of many with its extremely cute charm. It has landed many successes in the world of crypto including being listed in Coinbase last year, which is the largest US-based crypto exchange.
How cool is that?
This spike in popularity last year caused the prices to increase by 40% in the days coming. Bitstamp, the biggest crypto exchange in Europe have also stated that it would list Shiba Inu for trading at the beginning of 2022.
The meme token is taking the crypto world to whole new levels. Not only does it make cryptocurrencies more inviting, but it attracts bigger groups of people and allows them to connect in the world of crypto. Shiba Inu brings those not too into cats to an online community to explore and invest online.
Big Eyes Coin is for cat lovers. Shiba Inu is for dog lovers. There is a crypto coin for everyone.
On That Note…
Both Big Eyes Coin and Shiba Inu both allow lovers of memes to invest in crypto. If you are a fanatic of these memes, or just looking to invest in crypto then what are you waiting for? Check the links out now and get involved.
New Delhi: Major crypto tokens slipped on Friday on some profit booking after a strong rally in the last few days. Bitcoin was above the $20,000 level, whereas Ethereum managed to hold $1,500. The US economy rose 2.6% in the third quarter, higher than expected growth of 2%.
Barring the Uniswap and the US dollar-pegged Tether, all othe r top crypto tokens were trading lower. Cardano and Shiba Inu plunged 5% each, followed by Ethereum and Polygon, which shed 3% each.
The global cryptocurrency market cap breached below the $1 trillion mark to $980.18 billion, after dropping more than 2% in the last 24 hours. However, the total trading volume tanked as much as 13% to $89.23 billion.
What’s cooking in India
Crypto staking platform UniFarm has entered into a strategic alliance with Bengaluru-based ONMETA. The partnership is aimed at empowering Indian users with Indian currency-based purchase of tokens for staking to earn passive income.
Expert take
Edul Patel, CEO and co-founder of Mudrex, said Shiba Inu coin has reached a significant milestone in terms of the percentage of long-term holders. Currently, it jumped to the highest value of 38%.
“Long-term SHIB holders have grown far more since the beginning of 2022, from barely 1% to over 38% of holders,” he said. “The percentage of short-term holders remains relatively steady and midterm speculators continue to decline,” he added.
Global Updates
Hong Kong plans to legalize retail trading of cryptos as it looks to become a crypto hub, according to a Bloomberg report. Crypto platforms will be required to apply for a license to offer retail trading.
Tech giant Google will be launching a cloud-based node engine for Ethereum projects. The company said its Google Cloud Blockchain Node Engine means that it will be responsible for monitoring node activity and restarting them during outages.
Nearly 12% of all BEP-20 tokens, the standard token on the BNB chain, are tied to scams, according to recently released research from crypto risk monitoring firm Solidus Labs.
Tech view by BuyUcoin cryptocurrency exchange
DOGE surged 35% on Twitter deal. The most popular meme coin, DOGE, has witnessed a mega rally since Monday as Elon Musk’s Twitter deal neared finalization. Elon Musk has been a staunch supporter of DOGE and his tweets often move the prices of meme coins in a significant way.
The jump in DOGE prices is mainly linked to the positive news circulation but lacks fundamental backing so investors should buy the coin as per their risk appetite with a long-term perspective. DOGE was originally designed as a payment mechanism and its growth will depend on real-world use cases, the experts suggested.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Shiba Inu price took the market by surprise as a 20% rally unfolded early in the week. Key levels have been identified to gauge a potential entry before the uptrend continues.
Shiba Inu price could rally higher
Shiba Inu price rallied in applaudable fashion as the notorious meme coin pulled off a stunning 20% rally. At the current time, the bears have entered the market, forging an 8% decline. Still, there are reasons to believe the uptrend move is still ongoing.
Shiiba Inu price currently auctions at $0.00001089. During the recent upswing, the bulls have breached both the 8-day exponential and 21-day simple moving averages. Now, the two trend indicators converge under the SHIB price, which signals bullish strength.
SHIB/USDT 12-Hour Chart
A Fibonacci retracement tool surrounding the strongest part of the recent rally suggests the current profit-taking consolidation is just a 50% retracement. If market conditions persist, a bullish cross of the indicators could prompt an additional 20% rally. Key bullish targets would be $0.00001250 and potentially $0.00001300.
Invalidation of the bullish thesis could occur if the bears manage to tag the $0.00001040 liquidity zone. A sweep of the low could trigger a mudslide rally toward $0.00000970. The price of Shiba Inu would decline by 11% if the invalidation scenario occurred.
In the following video, our analysts deep dive into the price action of Shiba Inu, analyzing key levels of interest in the market. -FXStreet Team
Cryptocurrency prices have made a strong bullish recovery in the past few days. Bitcoin surged to over $20,000, which was the highest level since early this month. It has risen by more than 13% from the lowest level this month. Here are the best cryptocurrencies to buy as prices bounce back.
Ethereum
Ethereum price rose sharply this week. It managed to rise to a high of $1,556, which was the highest level since September 15. It has surged by more than 25% from the lowest point in September.
Ethereum is a good cryptocurrency to buy because of its strong correlation with Bitcoin and its strong market share in key industries. For example, it has a strong stake in Decentralized Finance (DeFi) and Non-Fungible Token (NFT).
Ethereum has another catalyst. The developers are working on the next big update known as Shanghai which is expected to go live in 2023. The upgrade will bring new functionalities in the Ethereum Virtual Machine (EVM). It will also implement staked withdrawals.
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.
Cosmos is one of the biggest blockchain projects in the world. It makes it possible for developers to build quality interconnectedness applications. Some of the top apps in its ecosystem are Cronos, ThorChain, and Osmosis.
ATOM price has risen by more than 20% from its lowest point in October. The next key catalyst for Cosmos will be the upcoming launch of the second version of Cosmos. This version will introduce staking in its ecosystem and more functionalities. The most important functionality will be on liquid staking, which will help to secure other platforms.
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.
Chainlink is a leading oracle network that makes it possible for developers to bring data from off-chain and on-chain. As such, it is widely used in decentralized finance (DeFi), where it is used by leading platforms like Aave and Uniswap.
Chainlink price has also risen by double-digits in the past few days as cryptocurrencies and DeFi rebound. Like with Cosmos, Chainlink has a catalyst that could push its price higher. First, its developers are working with Swift, the giant payment network.
Second, Chainlink price will also react to the upcoming launch of Chainlink 2.0. The new upgrade will change Chainlink into a decentralized oracle network (DON). As a result, it will become possible to power decentralized smart contracts on any blockchain. It will also introduce staking.
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.
Shiba Inu managed to finally be on the green across its short-term price charts as SHIB gets exposed to a number of positive stimuli over the last few days.
The cryptocurrency reacted positively to the news of Elon Musk’s upcoming takeover of social media giant Twitter, increasing the price of SHIB by over 8% just moments after the development was announced.
The meme crypto, however, experienced a slight price correction according to latest tracking from Coingecko. At press time, SHIB is changing hands at $0.00001087.
It is still up by 10.1% over the last seven days and by 6.8% for the past two weeks. SHIB also managed to slash its 30-day losses to just 2.2%.
The altcoin performed decently over the last couple of days that it actually managed to surpass Twitter’s stock (TWTR) in terms 24-hour gains.
TWTR settled at $53.35 on Thursday. It was slightly higher than its $52.78 closing value a day before.
Elon Musk has until Friday to finalize his $44 billion acquisition of Twitter.
Image: ABC News
SHIB Continues To Ride Dogecoin Momentum?
In the past, it has become evident that Shiba Inu benefited whenever the original dog-themed cryptocurrency Dogecoin is having a good run.
This was once again proven on October 26 when the crypto market witnessed a relatively strong surge that pushed Bitcoin and Ethereum above crucial price levels.
DOGE managed to increase by 28.2% over the last week as it is currently trading at $0.075. With this, the digital asset pumped its market capitalization by over $2 billion. SHIB replicated this action as it also pushed its overall valuation to $6.407 billion.
Among crypto assets belonging to the top 20 list of Coingecko, Dogecoin and Shiba Inu were two altcoins that tallied the highest gains over a seven-day time period.
Whale Activity Observed Following Musk’s Twitter Move
Meanwhile, Dogecoin whales became active following the development involving the tech billionaire Musk and Twitter. In fact, there were 85 transactions with value of at least $100,000 that was recorded after the news broke out.
This might be an indication that investors are hopeful that DOGE will be able to duplicate its impressive run last year.
On the other hand, SHIB is just trying to capitalize on every positive development that could trigger price rallies, no matter how small they are.
The meme coin continues to deal with problems like high supply inflation and lack of utility – two factors that negatively impact its price direction.
Its recent surge might help fend off an impending doom as some analysts believe the crypto might “die” by the end of next year.
SHIB total market cap at $6 billion on the daily chart | Featured image from EyeEm, Chart: TradingView.com
