With the on-going trade in the crypto market, it’ll be interesting to watch cryptocurrencies like Bianace coin, Shiba Inu and Rocketize and their asset value.
Tag: Shiba
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Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To
Twitter stock (TWTR) rallied a little after Bloomberg report of Elon Musk closing his Twitter deal. The biggest beneficiaries of that news, however, have been Dogecoin (DOGE) and Shiba Inu (SHIB). -
Crypto Price Today Live: Bitcoin nears $21K; Shiba Inu & Dogecoin rally up to 15%
New Delhi: Crypto market continued to gain on Thursday despite muted earnings from the tech sector. Bitcoin marched towards $21,000 levels, whereas the total market cap of crypto space topped the $1 trillion mark again.
Most major altcoins were in the green, with a stellar buying interest in the popular meme coins. All eyes were set on the US Fed’s monetary policy meeting, scheduled next week.Barring the polygon and the US dollar-pegged Tether, all other top crypto tokens were trading higher. Dogecoin zoomed 15
%, Shiba Inu was up by over 6% and Ethereum jumped 4%The global cryptocurrency market cap hit the $1 trillion mark, after rising up to 3% in the last 24 hours. However, the total trading volume jumped as much as 13% to $102.4 billion.
Expert take
Extending the Buoyancy, the global market cap touched $1 trillion after almost a month. The top two cryptos – Bitcoin and Ethereum- also saw some renewed interest, said Prashant Kumar, CEO and Founder, weTrade.
“Positive momentum around the appointment of UK prime minister Rishi Sunak, global markets along with a hope of a reduced interest rate hike in the US Federal Reserve market next week all played a role,” he added.Tech View by Giottus Crypto Platform
Ethereum (ETH) has turned bullish on the lower time frames. Much of this move can be attributed to the broader market sentiment turning positive after Bitcoin broke through a year-long resistance. ETH has taken this opportunity to rise more than 30% from its recent bottom.
ETH still needs more confirmations on the higher time frame charts to establish an uptrend. While it has been trading well above its 50-day moving average of $1,380, it will need to clear resistance at $1,700 (its .618 fibonacci retracement between August and now) to continue moving up. Slightly above this at $1,800, it will be able to register a higher high and signal a clear market structure change. Those looking to open long positions may want to therefore adopt a wait and watch approach.
ETMarkets.comFor those with a bullish bias looking to enter, support at $1,500 and $1,440 can offer good opportunities to engage in some buys on dips, the experts suggested. With its daily RSI hitting 70, a minor correction can be reasonably expected in the coming days, or at the very least – some sideways consolidation, they added.
Global Updates
Google reported its softest advertising growth in nine years, with company management taking note of softer crypto ad spending as contributing to the weak numbers.The decentralized autonomous organization (DAO) behind crypto exchange SushiSwap has approved a legal structuring by an overwhelming majority.
The flagship crypto fund for venture-capital firm Andreessen Horowitz’s, which is also known as a16z, has cratered by more than 40 per cent in the first half of this year, the Wall Street Journal reported, citing people familiar with the matter.
The UK National Police Chiefs’ Council (NPCC) has stationed crypto tactical advisers in police departments nationwide to help investigate and seize digital assets tied to crime.
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Will BudBlockz (BLUNT) Be Another Dogecoin Killer Like Shiba Inu?
Although the crypto sector has suffered a bear market this year, experts predict that fortunes will soon change. The crypto industry is fast-growing, and numerous cryptocurrencies are available, but only a few have real-world uses or some form of utility.In recent weeks, BudBlockz (BLUNT) has emerged as a popular token among investors promising to solve the stagnation experienced in the cryptocurrency sector. BudBlockz (BLUNT) has been lauded as having the potential to be another Dogecoin (DOGE) killer like Shiba Inu (SHIB). Dogecoin is the pioneering meme coin that debuted in 2013, and several meme coins have come to the market since then, but they weren’t as successful as Dogecoin. Shiba Inu (SHIB) rose dramatically and toppled DOGE, and now BudBlockz aims to replicate the feat.Shiba Inu (SHIB), the Dogecoin “Killer”
Shiba Inu was created in 2020, and it took the world by storm, with millions investing in the coin. The token even got an endorsement from Elon Musk, who promoted it on Twitter, drawing significant interest to the coin. As a result, the massive interest caused a surge in the value of Shiba Inu, leading to it surpassing Dogecoin. The reason why Shiba Inu is much popular is that its developers are not relying on social media hype only. They are also developing other features and foraying into the metaverse to make the token have real-world utility.
BudBlockz (BLUNT) is Revolutionizing the Cannabis Sector
BudBlockz (BLUNT) promises to have the same impact that Shiba Inu has had with its utility in the cannabis sector. The blockchain is designed to create a community ecosystem for cannabis enthusiasts, and since it is built in Ethereum, it allows the use of DEX and DeFi products. The project will offer cannabis enthusiasts a platform to buy and sell digital and physical assets. Essentially, BudBlockz will permit NFT fractional ownership, e-commerce opportunities, and cannabis farm ownership. Also, it is vital to note that the blockchain will not be limited to supporting the cannabis sector only, it will facilitate P2P purchasing too since it uses blockchain technology. BudBlock (BLUNT) will outdo Dogecoin because it supports various innovative ideas via a decentralized NFT marketplace, digital trading, and commerce instead of depending on social media hype. As a result, these features and fractional ownership might support sectors such as NFT collectibles and online selling beyond cannabis products. Interestingly, BudBlockz offers a more decentralized and inclusive governance approach promoting a community feeling. The platform allows BLUNT holders and users to submit proposals, participate in discussions, vote, and have a say in ecosystem development. The token sold out ahead of schedule during its private sale, highlighting its popularity, and currently, the presale is ongoing. BudBlockz is showing massive potential to be the next Shiba Inu, and it presents an excellent opportunity for investors to invest in the fast-growing crypto and cannabis sectors. Learn more about BudBlockz (BLUNT) at the links below: Official Website: https://budblockz.io/ Presale Registration:: https://app.budblockz.io/sign-up Telegram Group: https://t.me/BudBlockz Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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Shiba Inu Burn Rate Spikes 14,267%, Price Recovers
Wahid Pessarlay
Shiba Inu’s burn rate massively recovers in the past 24 hoursShiba Inu (SHIB) just saw a massive burn rate spike while not many tokens were burned. According to the SHIB Burn tracker, Shiba Inu’s burn rate rose by 14,267.59% in the past 24 hours.
Source: SHIB BURN The spike comes while the number of the burned tokens is still not massive. According to SHIB Burn, around $14.07 million tokens — worth roughly $155 at the time of writing — were sent to dead wallets in the past 24 hours.
The largest burn transaction in the past day, per SHIB Burn data, is roughly 9.8 million SHIB. Furthermore, only 97,991 tokens were burned the day before.
With the latest market recovery, Shiba Inu has also gained momentum. At the time of writing, SHIB is trading at $0.000011, up by 7% in the past 24 hours, according to data provided by CoinMarketCap.
AdsSHIB’s market cap has also touched the $6 billion mark for the first time in 17 days.
The price action comes as the Luxembourg-based cryptocurrency exchange Bitstamp listed the second largest memecoin — top 14 cryptocurrency — for customers in the U.S., as U.Today reported.
Shiba Inu team has also brought a new concept art, called “Dunes,” to its SHIB Metaverse, U.Today reported on Tuesday.
On the other hand, a massive Shiba Inu whale, holding 3.3 trillion SHIB tokens — worth roughly $37 million at the time of writing — is on the move. The whale transferred the funds from one anonymous wallet to another.
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Shiba Inu’s BONE Pumps 20% and Outperforms SHIB
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 $2.4.
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Shiba Inu lags behind while ETH, BTC, ADA take front stage on Binance
Over the last couple of months, the prominent meme coin Shiba Inu ($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.
Source 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.
Source 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.
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Shiba Inu Sets New Milestone in This Long-Term Metric: Report
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.
AdsDespite 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.
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Shiba Inu Rises More Than 4% In 24 hours – SHIBA INU (SHIB/USD)
Shiba Inu’s SHIB/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.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Shiba Inu Coin losing Traction to Toon Finance Protocol
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.
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
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.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
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