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Tag: Skyrockets

  • AltLayer (ALT) token skyrockets 5,380% on Binance following airdrop and listing

    AltLayer (ALT) token skyrockets 5,380% on Binance following airdrop and listing

    • ALT token on Binance surged 5,380% from $0.006 to $0.3288 in minutes.
    • AltLayer’s six-day farming schedule and airdrop preceded the explosive surge.
    • Binance swiftly integrated ALT into Simple Earn and Convert, with plans for Margin, Futures, and Auto-Invest.

    In a staggering turn of events, AltLayer’s native token, ALT, witnessed an unprecedented surge on the Binance trading platform, skyrocketing by an astonishing 5,380% within minutes of its listing.

    This meteoric rise comes hot on the heels of a successful six-day farming schedule and a strategic airdrop, propelling AltLayer into the spotlight of the crypto world.

    The explosive rise of AltLayer (ALT)

    AltLayer’s ALT token, designed for decentralized rollups, opened for trading on Binance at a modest $0.006. However, the crypto asset defied all expectations, quickly reaching $0.3288 with a trading volume of $43.78 million in under one minute.

    Screenshot of AltLayer price on Binance 

    The surge reflects immense market interest and confidence in AltLayer’s protocol.

    This unprecedented growth on Binance is attributed to the culmination of a six-day farming schedule that concluded last Friday, offering 500,000,000 ALT tokens through an airdrop. Participants staked their BNB and FDUSD tokens in separate pools during this period. Following the farming schedule, ALT was listed against various pairs, including Bitcoin, BNB, TRY, and stablecoins USDT and FDUSD.

    AltLayer’s Binance integration

    Binance, recognizing the potential of AltLayer, swiftly integrated ALT into its Simple Earn and Convert services. This move is set to enhance ALT’s accessibility and utility for a broader range of users. Moreover, Binance has ambitious plans to include ALT in its Margin, Futures, and Auto-Invest services between January 25 and January 27, marking a significant step in the token’s journey.

    AltLayer’s unique concept of “Restaked Rollups,” which bolsters the security and crypto-economic finality of rollups from various software stacks, is a testament to its commitment to addressing scalability challenges in the blockchain space.

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  • Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin Bulls Touch 44k
    • Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.
    • The flagship cryptocurrency’s market cap also cross above $850 billion.
    • Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.

    Bitcoin (BTC) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.

    BTC is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles.

    According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.

    BTC hits $44k, but is a pullback due?

    On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.

    According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”

    While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.

    If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.

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  • Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu (SHIB) recently experienced a sharp increase in burn rate with very few tokens burned. The SHIB Burn tracker shows that over the previous 24 hours, the burn rate of the Shiba Inu increased by 14,267.59%. The increase occurs even though there haven’t been many tokens burned.

    Around 14.07 million tokens were transferred to dead wallets in the last 24 hours, according to SHIB Burn. According to SHIB Burn data, the greatest burn transaction on the previous day was about 9.8 million SHIB. Additionally, the day before, only 97,991 tokens were burned.

    image 25
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 4

    However, the burn rate has cooled down and is currently standing at 1934.01%. 14,896,832 SHIB has been burned in the last 24 hours as per the updated data.

    image 26
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 5

    Shiba Inu price spikes in the last 24 hours

    Shiba Inu has gained traction along with the most recent market rebound. According to statistics from CoinMarketCap, SHIB is currently trading at $0.00001157, up 10.8% over the previous day. The market value of SHIB has also surpassed $6 billion for the first time in the previous 17 days.

    Shiba Inu which was standing at 14th ranking among other cryptos in terms of global market cap lost it to TRX recently and was standing at 15 till yesterday. However, the recent price spike has pushed it to the 13th rank on the basis of the global market cap.

    Whale activity has recently increased in Shiba Inu at a never-before-seen rate. Instead of buying billions of SHIB, whales were purchasing trillions. The whales have also been trading privately and shifting, selling, and buying back SHIB.

    These routine actions are now regularly carried out by some unnamed whales. A whale anonymously transferred 3.3 trillion SHIB to another wallet, according to data from Whale Alert.

    3,367,037,381,943 SHIB have been dumped by an anonymous wallet, according to Whale Alert statistics. The unknown is the precise nature of the transfer. It’s unclear if the transfer represents a genuine sell-off or merely a typical movement of the token between the whale’s wallets.

    The global crypto market cap has finally regained $1 trillion as all the major coins are trading in the green.

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