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  • Taraxa (TARA) price up 800% this past week: What’s next?

    Taraxa (TARA) price up 800% this past week: What’s next?

    • Taraxa (TARA) has pumped more than 35% in the past 24 hours.
    • TARA, native to the BlockDAG-powered smart contracts platform, has outperformed by over 800% in the past one week.

    Taraxa (TARA) is one of the trending cryptocurrencies today, with its price hitting intraday highs of $0.014 on Wednesday. 

    The outperformance seen on the day dwarfed most altcoins in the top 500 by market cap list, with the intraday pump including over 35% in the past 24 hours.

    What’s next for TARA price after monstrous gains?

    Taraxa, an EVM-compatible smart contract platform that launched via an ICO in March 2021, traded to the all-time high of $0.07 that month. However, with the crypto winter, the blockDAG-based platform’s native token plummeted to near $0. It remained constrained around $0.001 until August 1 when it suddenly exploded.

    TARA’s upside over the past week comes as the community responded to the potential of AI integration with an efficient BlockDAG-powered layer-1 blockchain. Usage and adoption across social analytics, dApps development and multi-layered IP licensing look to be aiding the positive outlook for the token.

    A recent AMA by the team also looks to have shone some spotlight on the token.

    According to data from CoinMarketCap, Taraxa’s daily trading volume rose nearly 200% to over $12.46 million as bulls tested the price level last seen in December 2021. The gains have TARA trading more than 800% up in the past week, with performance over the past 30 days accumulating to 1,021% at the time of writing.

    TARA price chart. Source: TradingView

    From a technical perspective, TARA is firmly in overbought territory as suggested by the overextended RSI on the weekly chart. This suggests immediate term profit-taking weakness is likely. The weekly MACD however shows there’s still room for further strengthening, which could allow for a move to $0.02.

    The downside nonetheless presents the past of least resistance and a retreat to support at the $0.006 mark could open up a bearish flip to $0.002.

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  • Dogelon Mars (ELON/USD). What’s up with the meme coin now attracting a huge following?

    Dogelon Mars (ELON/USD). What’s up with the meme coin now attracting a huge following?

    • Dogelon Mars token rose by double digits on Monday

    • Fantasy sports platform Rage Fan announced a partnership with Dogelon

    • ELON could sustain gains if buyers defend crucial support at $0.0000003

    Elon Musk-inspired Dogelon Mars (ELON/USD) is making shockwaves. The cryptocurrency gained by double digits on Monday, with investors showing great interest. Trading volumes on the little-known cryptocurrency had surged by 400% in the day.

    The gains in the Dogelon Mars token were boosted by cryptocurrency news over the weekend. Fantasy sports platform Rage Fan announced a partnership with Dogelon. The partnership will see the introduction of blockchain gaming to individuals that hold ELON. Rage Fan said it was introducing a Free Call of Duty Tournament for ELON holders to celebrate the partnership.

    Dogelon token is also growing a huge following. It already has a cool 454,000 followers on Twitter. Perhaps its name combination, Dogecoin+Elon, is helping aside from its partnership with Rage Fans. We all know of the growing speculations around the use of Twitter on digital payments by Elon Musk. Investors, therefore, could be looking at ELON as the next big thing in the meme space after Dogecoin. All these are speculations, but one thing is sure. Dogelon Mars is building a fanatic community, which could grow if the project finds more utility in the crypto space. Let’s look at its technical bits.

    ELON corrects after an intra-day surge

    ELON/USD Chart by TradingView

    A daily chart technical outlook shows ELON correcting after breaking to $0.0000004. The 20-day and 50-day moving averages joined a support for the cryptocurrency. The RSI also remains above the midpoint, indicating the buyers’ strength.

    Will ELON proceed higher?

    A retest of the $0.0000003 support followed by bullish price action could attract bulls. Investors will again aim for the $0.0000004 resistance or higher up at $0.0000005. 

    If seeking to buy ELON, you could consider a little bit of patience with bullish reversal signals. Developments around the project, as well as those of Dogecoin, could also be potential bullish triggers.

    Where to buy ELON

    KuCoin

    Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

    Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

    Users can benefit from a beginner-friendly interface and relatively low fees.


    Buy ELON with KuCoin today

    Swapzone

    Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


    Buy ELON with Swapzone today

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  • Shiba Inu (SHIB) Up 4.78% Thursday: What’s Next?

    Shiba Inu (SHIB) Up 4.78% Thursday: What’s Next?


    Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 4.78% to $0.00001095371602.

    volatility - 30
    InvestorsObserver is giving Shiba Inu a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

    Moderately Volatile

    InvestorsObserver gives Shiba Inu a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.

    SHIB’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

    Shiba Inu price is trading above resistance. With support at $0.000010162910319924 and resistance around $0.0000107900623959732. This leaves Shiba Inu out of range and potentially in a volatile position if the rally burns out.

    What is a Token?

    Tokens are digital assets that exist on another cryptocurrency’s blockchain.

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  • Shiba Inu Token BONE Seeing High Utility From Whales, What’s Happening?

    Shiba Inu Token BONE Seeing High Utility From Whales, What’s Happening?

    Shiba Inu governance token, BONE, is seeing profound utility from whales as it ranks as one of the most used smart contracts among the top 500 ETH whales in the last 24 hours. Notably, BONE’s smart contract usage for this category of whales is up 100% in the last 24 hours.

    At the time of publication, BONE’s price was up 3.72% at $0.93. While the reason for the spike in utility remains unknown, it seems whales are content to employ another Shiba Inu ecosystem token while SHIB sits in their wallets.

    Whales continue to hodl Shiba Inu (SHIB), as seen in fewer active SHIB addresses in the last 24 hours per WhaleStats data. Shiba Inu (SHIB) also remains the biggest holding of the top 1,000 ETH whales, who are now hodling $124,278,892 worth of SHIB.

    SHIB is recording more “hodlers,” or long-term holders, as the bear market evolves. Per IntoTheBlock’s holders’ composition by time held, 36% of SHIB holders have held onto their tokens for more than a year, 61% have held within a year, and 3% have held onto their tokens for less than a month. At the start of 2022, the number of hodlers was far lower.


    Ads

    Shiba Inu can now be utilized on Amazon and Netflix

    According to an announcement made by the crypto payment gateway FCF Pay, Shiba Inu (SHIB) can now be accepted for its Prepaid Crypto Debit Card.

    SHIB thus becomes the first non-stablecoin accepted for the FCF Pay crypto cards, which can be used in several places, including Amazon and Netflix. The card could also be included in Google Pay to be used in-store.

    As reported by U.Today, FCF Pay announced support for the Shiba Inu trifecta — SHIB, BONE and LEASH — as it added BONE and LEASH as payment options across its merchant network a while back.



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