The Drama Continues: FTX And Alameda Demand Loan Repayment From Voyager
According to a lawsuit filed by the FTX lawyers on Monday in the US Bankruptcy Court for the District of Delaware, the bankrupt crypto trading firms want to recover $445.8 million debt that was paid to Voyager Digital before the maturity date. However, Voyager’s creditors claim that Alameda’s “inequitable and fraudulent conduct” cost Voyager and the creditors between $114 million to $122 million.
The inter-web of connections between bankrupt crypto companies has further complicated the situation and called for further liquidation. Furthermore, Voyager Digital has claimed Three Arrow Capital has not repaid its loan of over $660 million.
Notably, Binance.Us won the bid to acquire Voyager assets late last year worth approximately $1.022 billion. As such, FTX and Alameda could be looking to CZ once again for a bailout, which has been rejected unanimously by the creditors.
According to the lawsuit filings, Alameda wants Voyager to repay the debt paid before filing for bankruptcy in November. The FTX lawyers argued that the loan money paid to Voyager had not matured as agreed.
The Aftermath Of Crypto Crashes
The shock waves from the FTX and Alameda’s collapse are still evident in the crypto market today. With over $8 billion missing from the FTX balance sheet, according to CEO John Ray III in previous hearings, more pain is expected in the crypto market in the near future. Moreover, the recent crypto relief rally has seen most short-term holders and miners offload their digital assets bag.
Crypto regulations are expected to get tougher worldwide following the collapse of major firms in 2022. Nonetheless, global regulators are torn between harsh policies and softer ones due to competition among nations to attract international crypto investors.
Shiba Inu (SHIB) Continues to See Massive Surge Following Shibarium Update
The Shiba Inu (SHIB) cryptocurrency, which is the world’s second-biggest meme token, has been doing quite well as of late. The value of the token has increased by 3.7% in the last twenty-four hours and by 24% in the last seven days. This comes after a short period during which it seemed to be falling, but it has now returned to its upward trend.
Community Remains Excited for Shibarium
Following the unveiling of the first glimpse of SHIB’s forthcoming layer 2 network Shibarium, which is something the community has been eagerly expecting and is pretty thrilled about, the token seems to be continuing its rally along with the rest of the market.
The developers have emphasized that Shibarium will be made available in stages. Inside the Shibarium protocol, the native token of the project, which is going to be referred to as BONE, will be used to pay for gas transactions as well as reward validators and delegators.
It is expected that Shibarium’s beta testnet, which is a blockchain that simulates the operation of the actual world, would go live in just a few weeks.
In addition to its usage as a cheap settlement for decentralized apps (dApps) established on the network, the developers of Shiba Inu have said that Shibarium would have an emphasis on metaverse and gaming applications.
This is particularly important considering that the NFT sector is anticipated to witness another massive hype again in the near future.
It’s also possible that the launch may contribute to SHIB and other related cryptocurrencies having solid foundations and massive price surges.
It is interesting to note that any transaction carried out on Shibarium will result in the destruction of a certain quantity of SHIB tokens; however, the precise number that will be destroyed has not yet been determined.
SHIB’s signals at press time are showing neutral, but a bit heavier on the bears’ side, so let’s hope that the current bullish action overpowers the bears and sticks around for a long time.
Marsbet Continues To Add New Payment Methods While Opening up to New Markets
Betting has always been fun and exciting for centuries. Marsbet wants everyone to know that it is a safe, reliable, and trustworthy global betting site that offers plenty of options for both payment and withdrawals, including crypto options with Bitcoin and Ethereum, with the implementation of burgeoning new technologies like cryptocurrencies, NFTs, the metaverse, and blockchain.
What’s so special about Marsbet?
Marsbet debuted at the end of 2016 with a focus on sports betting, Casino and Live Casino. The team collaborates with over 45 different game providers, and the betting website offers games not only on desktop, but also on mobile devices. The site’s reward program additionally applies to all products available to players. Affiliates can also choose from a variety of plans based on the preferences of their players, thereby providing greater customizability, freedom, and control. Those interested can also check out the different referral commission rates available.
Marsbet Affiliates site is hence among the most competitive in the market because it offers high commission rates of up to 40%. This is a truly international company with the goal of expanding into more markets, which makes it even easier for affiliates to become a part of the growing community as ‘Martians’.
Moreover, Marsbet is the official sponsor of many notable sports clubs such as FK Austria Wien, EC Juventude, FC Zorya Luhansk, Hibernian FC, FC Dila Gori, FC Alashkert, FC Dinamo Tbilisi, and Atletico Tucuman. Also, since the team does not want gamblers to wait, they provide direct guaranteed wallet payment in the first days of the month. Users would thus no longer have to wait days for their rewards because they can now pay with an e-wallet instead.
Is Marsbet safe?
Marsbet prioritizes security above all else, which is why advanced encryption and firewall methods have been implemented. These safeguard players’ personal information and financial transactions at all times and are never shared with third parties. In addition, the site closely monitors everything by using a random number generator to determine the outcome of their games. This means that the results will always be random and unaltered.
It should be mentioned though that certain countries are excluded, so some users will be unable to play. Among these are the Netherlands, Netherlands Antilles, Iran, USA, UK, and North Korea. If there are any more, users will be notified immediately. Nevertheless, anyone in need of assistance can contact Marsbet’s customer support team via their friendly live chat facility, which is easily accessible from any page of the website. Live customer service representatives are multilingual and available between 08:00 AM and 03:00 AM GMT. Players can also reach out to the betting website through email or any of their social media channels.
Opening an account is also a straightforward process. When signing up, users must ensure that they are over 18 years of age and will be asked to provide some personal information for verification purposes. Lastly, it is imperative to make sure that the account is not being created from one of the aforementioned excluded countries.
About Marsbet
Marsbet may best be defined as an online casino and sportsbook that is accessible to players immediately via virtually any web or mobile browser that has an active Internet connection. The website supports multiple languages and features a wide range of table games, video slots, video poker games, and even a live casino. It is a trusted operator that has a globally renowned reputation, high odds of winning, and quick deposit as well as withdrawal options for both fiat and crypto.
Furthermore, Marsbet’s dedicated affiliate team is made up of experienced affiliate members. Using all of the available equipment and resources, the team is more than capable of assisting with the planning and promotion of various new products to players in a timely and effective fashion. In the future, Marsbet will increase its share in new markets and continue to provide fast and reliable support to gamblers. An increasing variety of casino games will also be continuously added alongside regional currency investment methods.
Numerous leading names in the industry, including the likes of NetEnt, Microgaming, Play’n GO, Pragmatic Play, Quickspin, Thunderkick, and Nolimit City, are available to members. The Government of Curacao licenses and regulates Marsbet, which is important as it shows that the site takes regulations seriously so that players can continue to trust and rely on Marsbet for a long time to come.
For more information, visit the official website as well as the Telegram channel.
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Orbeon Protocol’s (ORBN) Bull Run Continues as Cardano (ADA) and VeChain (VET) Remain Steady
This week’s market action has been a mix of bearish and bullish moves, with some cryptos surging while others pulling back. One of the biggest winners this week is Orbeon Protocol (ORBN), which is up 805% during phase 3 of the public presale. Meanwhile, Cardano (ADA) and VeChain (VET) are both set to surge in the coming months
Orbeon Protocol (ORBN)
To gain access to the resources necessary for success, startups must often appeal to venture capital firms or wealthy individuals. But what if an entire global community could invest in a project and enjoy the benefits of its success? This is the idea behind Orbeon Protocol (ORBN).
With Orbeon Protocol (ORBN), startups can mint equity-based NFTs that can be bought and sold on the blockchain. This unlocks a new form of capital, allowing startups to raise funds without relying on venture capitalists, banks, or other traditional funding sources.
Smart contracts remove any intermediaries, providing a more efficient and trustless digital marketplace. For example, the ‘Fill or Kill’ mechanism will automatically execute refunds if a project doesn’t hit the funding requirements.
Unraveling a new world of finance starts with the ORBN token, which is used to facilitate trades and access advanced features. For example, holding ORBN gives investors first access to new NFT listings, cheaper trading fees, and more.
Phase 1 and 2 of the public presale sold out rapidly, and it looks like phase 3 is following suit as analysts forecast ORBN to rise to $0.24 from its current price of $0.0362. Major exchange listings are right around the corner, so now’s the time to get involved if you haven’t already.
Cardano (ADA)
While most crypto projects fork off existing blockchains and use them as the basis for their products, Cardano (ADA) chose a different path. Cardano’s founding team has created a new blockchain from scratch, using cutting-edge development techniques and rigorous scientific research.
Cardano is designed to be an enterprise-grade platform with smart contract functionality, scalability capabilities, and interoperability between other blockchains. This has seen Cardano (ADA) attract a large following of people who think it could become the go-to blockchain in the future.
However, Cardano (ADA) seems to look better on paper than it does in practice, as Cardano has been struggling to gain adoption since smart contract development functionality rolled out in 2021. Cardano’s current price of $0.26 represents a 91.52% drop from the all-time high of $3.10 set in September 2021.
VeChain (VET)
VeChain (VET) is a leading blockchain platform that empowers businesses to build scalable dApps that can be used across various industries. VeChain boasts a wide range of use cases, including tokenized asset tracking, supply chain management, digital identity solutions, distributed governance protocols, and more.
VeChain (VET) has recently been in the news for its collaboration with Walmart China to help track food safety using its blockchain technology. This is just one example of the many innovative use cases the VeChain (VET) platform has to offer, with more partnerships planned for VeChain (VET) in the near future.
Despite its strong reputation in the industry, VeChain (VET) has been struggling recently as the price dropped from $0.2782 to $0.016 over the past year. VeChain (VET) will need to find a way to recover soon in order to remain competitive with other leading platforms in the industry.
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Top NFT project, DEGODS, To Depart SOL for ETH,DOGE Continues To Show Mixed Signals, Snowfall Protocol Looks The Best Pick 2023
DeGods and y00ts to bid Solana Farewell and Migrate to Ethereum in 2023
DeGods, a Solana (SOL) NFT titan, has introduced its departure from Solana in choice of the famous Ethereum (ETH) community. The main NFT assignment on Solana (SOL) has said that it’s going to officially bridge to Ethereum (ETH) withinside the first sector of 2023, including that “info of the bridge can be launched while it is geared up and tested.” Solana can even lose its y00ts NFT series to the Polygon community. $DUST token, which powers each y00ts and DeGods, can also be bridged to Ethereum (ETH) and Polygon (MATIC).
$0.1 Remains the Goal as Canine Coin Dogecoin’s Momentum Remains Erratic
Dogecoin (DOGE), Elon Musk’s favoured dog coin, Dogecoin (DOGE), has prolonged its unpredictable fee motion into the ultimate week of 2022. Currently buying and selling at around $0.07475, Dogecoin (DOGE) has dropped 1.43% on the day at the same time as posting a 1.31% weekly gain.
There are presently feasible situations for Dogecoin’s fee motion. On the only hand, Santa’s rally should nonetheless be underway, and we should see Dogecoin (DOGE) rally to $0.10 way of means of the quit of the yr. On the opposite hand, the maximum current financial data, which suggests that 2023 may get off to a completely rocky start, with a worldwide recession and good-sized risk-off movements ahead, should purpose Dogecoin to fall even further.
Snowfall Protocol Is the Hot Pick of Every Astute Investor For 2023
While high-cap altcoins like Solana (SOL) and Dogecoin (DOGE) keep fading, traders are transferring their interest to smaller-cap altcoins which maintain splendid promise—like Snowfall Protocol (SNW).
Snowfall Protocol (SNW) has established fantastic capacity as a marketplace chief and a blue-chip cryptocurrency, all at the same time as nonetheless withinside the presale degree. Snowfall Protocol (SNW) has been constructed at the disasters of preceding cross-chain answers to create the primary cross-chain protocol answer that permits the switch of assets—each fungible and non-fungible—throughout extensively used EVM and non-EVM well-matched chains.
Snowfall Protocol (SNW) is largely a forerunner to a brand new era of cross-chain answers. Its software on my own offers Snowfall Protocol (SNW) an aggressive benefit over different cross-chain answers.
During the 3 rounds of the presale, the Snowfall Protocol (SNW) atmosphere has grown tremendously. In rounds one and of the presale, which took place to coincide with the autumn of FTX and panic withinside the crypto-verse, Snowfall Protocol (SNW) become a hit in attracting sufficient traders to elevate greater than $4 million. The 2nd stage drew this type of big variety of traders that it even bought out early.
Snowfall Protocol (SNW) token fee has been extended via way of means of greater than 300% withinside the 0.33 spherical, and it now stands at $0.17. What’s greater, the 0.33 price per token is already 78% bought. If all degree 3 tokens promote out, Snowfall Protocol (SNW) will release at $0.2.
Snowfall Protocol (SNW) local token, SNW, serves as each a governance and a staking token. Stakers will stake SNW tokens in atmosphere swimming pools for moneymaking rewards primarily based totally on the blockchain and staked amount.
In the following bull marketplace, Snowfall Protocol (SNW) is anticipated to pump as much as 5000%. This makes now a splendid time to buy Snowfall tokens (SNW) and journey the wave to the moon:
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Chiliz Continues To Struggle In Current Market Conditions. Experts Guide Investors To HedgeUp To Diversify Portfolio
The crypto market suffered in 2022, and many cryptocurrencies experienced a decrease in their value. Towards the year’s second half, some cryptocurrencies started to regain their value, while others never recovered.
In times like this, it is essential to be careful when choosing cryptocurrencies. Tokens with low utility are not viable in the long run, and those with solid foundations or utilities are most likely to survive a downward spiral in the market.
Chiliz (CHZ) is one of those cryptocurrencies that have struggled a bit, even though it is slowly regaining its footing. Despite this, HedgeUp (HDUP) is a new cryptocurrency that promises to help investors create profits in 2023. Many experts have begun guiding investors to HedgeUp (HDUP) as an extra avenue to diversify their portfolios.
HedgeUp (HDUP) Helps Users Understand Alternative Investment
HedgeUp (HDUP) is a new cryptocurrency allowing investors to profit more in the alternative investment industry. Even though the crypto market is recovering from its recent crash, HedgeUp is a unique crypto ecosystem with many advantages for its investors.
The HedgeUp (HDUP) team have many professionals who have had knowledge of alternative investments for numerous years. These professionals will assist in guiding new users about alternative investments while showing them how they can earn from the market.
HedgeUp (HDUP) will also have its own DAO to govern investments, the liquidity pool, and any new developments within the HedgeUp market. It will promote fair play within the decentralized community. Each member of the HedgeUp community will have a chance to be a part of the DAO, which allows them to give their opinions concerning any HDUP plans and the advancement of the ecosystem. Many benefits are attached to being a part of the HedgeUp (HDUP) DAO, including voting rights that let them control the project.
HedgeUp (HDUP) is a shining light in a crypto market full of uncertainties. With its solid roadmap and viable utility, HedgeUp (HDUP) promises to be a leader in the crypto market. Its presale is a unique chance for investors to put their money into a project that will bring them more profit. As financial markets worldwide struggle, it is always wise to insure yourself against risks.
Chiliz (CHZ) Tries to Regain Lost Ground
Chiliz (CHZ) is a crypto platform that governs Socios, an entertainment network dedicated to giving sports supporters a say in the operations of their most loved sports companies. There are many fan tokens on the social website. These fan tokens ensure that sports teams and governing bodies can interact with fans and generate more income while they’re at it.
Chiliz (CHZ) uses blockchain-based technology to offer innovations to sports entertainment companies. With this, they can both earn and interact better with fans. Chiliz operated this way for a long time, enjoying moderate success before the crypto market crash of 2022.
Chiliz (CHZ) has struggled to stay above the dips in the crypto market, and for a few weeks during the World Cup, it did well. However, Chiliz (CHZ) still needs to improve significantly as the World Cup has ended. There is still a chance for this cryptocurrency to rise and return to the top of the market.
Even though investors may be distressed by Chiliz’s struggle in the crypto markets, experts have shown that there is still hope. HedgeUp (HDUP) is a new token to give investors hope in the current market conditions. Crypto analysts advise investors to invest in and diversify their investment portfolio with HDUP. The presale is ongoing, and it could be a perfect opportunity to purchase the token.
The FTX Controversy Continues: Alameda Dumps $1.7M Crypto Assets For Bitcoin
On December 28, a significant amount of tokens owned by SBF’s trading business Alameda Research were sold on the open market. Cryptocurrency research company Arkham Intelligence reported that approximately $1.7 million worth of Ether, USDC, DAI, and CRV tokens were traded over several hours from wallets connected to Alameda.
The assets were then exchanged for Bitcoin on trading platforms such as FixedFloat and ChangeNow.
According to Arkham Intelligence, the total value of cryptocurrencies held by Alameda has decreased from $140 million in the middle of November to $112 million.
The FTX-Alameda Drama Continues to Unfold
The recent transfer of assets from FTX has raised concerns among the community.
It has been hypothesized that the way in which these funds are being exchanged resembles that of an exploiter, but given SBF’s history of criminal activity, it is possible that the transfers are an inside job to remove whatever is left in the wallets, including the $112 million mentioned previously.
Coinciding with SBF’s bailout were continued transfers of funds from Alameda accounts, as millions of dollars worth of cryptocurrency were stolen from FTX’s wallets on the same day that the exchange filed for bankruptcy. U.S. authorities are investigating the FTX exploit that cost the company $370 million.
Additionally, on November 6, 2022, all 20,176.84 BTC in FTX’s Bitcoin holdings, worth $334 million at the time, were stolen in less than 24 hours. The whereabouts of the BTC are unknown, and while some people speculate that white hat hackers or police enforcement now control them, others believe that a thief is responsible.
As Presale Flasko (FLSK) Continues To Grow, Fantom (FTM) and Aave (AAVE) Struggle
Experts in the cryptocurrency industry have predicted that Flasko will be a popular crypto in your portfolio in 2023. Forecasts suggest that by 2023, Flasko will have outperformed even more prominent cryptocurrencies like Fantom (FTM) and Aave (AAVE).
Not Much Success for the Fantom (FTM) In 2022
Fantom (FTM) is another unsuccessful coin in 2022, among many famous ones. This blockchain serves as a decentralized software and digital asset platform with open-source contracts. But Fantom (FTM) is having difficulty gaining stability in the crypto market. Since June of this year, the value of Fantom (FTM) has been steadily declining. For the same reason, investors prefer Flasko investments over those in the failed Fantom (FTM) coin.
The Aave (AAVE) Coin Might Grow By 2030
Due to its explosive popularity on social media, Aave (AAVE) has attracted heavy investment. It hasn’t recovered from an intraday low of $64.70 to close at $63.56 today. This means that with a total value locked (TVL) of $5.27 billion, Aave (AAVE) is the fourth most valuable decentralized finance (DeFi) technology. However, experts remained cautious towards the DeFi currency, stating that it might ultimately lose pace amid the shifting crypto market. The current valuation of Aave (AAVE) on the market is $1.05 billion, down 75.00% from a year ago. This is why Aave (AAVE), much like Fantom (FTM) investors, are eyeing Flasko, a seemingly more profitable coin.
Flasko (FLSK) Is A Future Blue-Chip Cryptocurrency
Despite being an upcoming project in the cryptocurrency market, Flasko is believed to have the potential to become a cryptocurrency leader. Flasko is an upcoming platform where users may invest in fractionalized NFTs backed by real-world rare, costly, and vintage whiskey, wine, and champagne bottles. By backing the NFTs with these real-time luxury drinks, Flasko provides investment options for crypto aficionados and wine collectors.
Investors are racing to get in on the Flasko presale because of the high hopes that it would outperform more established cryptocurrencies. Top crypto experts anticipate that Flasko (FLSK) will climb by over 4,000% by March 2023 consequently establishing its spot among the fastest-growing cryptos of 2023.
With a current price of only $0.099, this is a perfect opportunity to purchase Flasko presale tokens.
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Whales Pile up Shiba INU, While Price Continues to Struggle below $0.00001
The Shiba INU price has been trading sideways for quite a long time, while the whales continue to gather more and more tokens over time. For nearly a week, the SHIB price has been trading within a very narrow range, recording minor bounces. Dogecoin, on the other hand, managed to surge by more than 20% over the past week, while SHIB failed to follow the primitive memecoins of the space.
Despite this fact, the whales continue to gather a huge number of assets as their interest in the token has surged massively. According to WhaleStats, SHIB is the first choice of the top 500 Ethereum whales that are currently accumulating massively.
Besides, minor bullish signals have been let out, which signals that the asset is due for a massive breakout any time from now. The MVRV ratio is the comparison between the market cap & the realized cap, and it also determines the upcoming trend of the asset. Presently, the Shiba INU’s MVRV ratio is constantly on the rise, flashing bullish signs for the crypto.
Meanwhile, the Bollinger Band indicates the Shiba INU price is currently trading within a squeeze zone, increasing the headwinds. On the other hand, RSI and CMF, both registered minor pullbacks and hover just lower than the average levels. Therefore, uncertainty prevailed over the SHIB price rally, factors like whale accumulation may certainly lead to a bullish breakout soon.
The Profitability Of Dogecoin Continues To Grow, While The Currency’s Stability Stays Unchanged
Buyers in the cryptocurrency industry are always looking for assets that show promise, and Dogecoin continues to be an alternative that can be considered in this regard. Dogecoin can be purchased from different platforms, such as the-crypto-boom.com Historically, this has been given by big players and larger assets such as Bitcoin and Ethereum; however, Dogecoin has witnessed greater growth during the course of the crypto winter.
The Vast Majority Of DOGE Owners Are Making Money
In a bear market, the value of many cryptocurrencies might fall to new lows, reducing their profitability to new lows as well. The majority of the year was either profitable or unprofitable for bitcoin and Ethereum. Both Bitcoin and Ethereum are experiencing a significant portion of their owner bases suffering losses at the moment; however, Dogecoin is an exception to this trend due to the fact that a greater proportion of its holders are profiting.
The price of DOGE was triggered when Elon Musk took control of Twitter. Over the course of a few days, the meme coin’s price rose by over 100%, reaching a high of $0.15. At its current price of $0.08, Dogecoin (DOGE) holders are doing better than investors in other major cryptocurrencies, despite having seen a considerable percentage of their gains evaporate. According to IntoTheBlock data, while less than half of bitcoin and Ethereum holders are in the red, 57% of all DOGE owners are ahead. It’s a sharp reversal from recent losses; at present prices, only 17% of SHIB holders are profiting, making DOGE the clear underperformer.
Also, 69% of all buyers of the meme coin have kept their tokens for longer than a year, indicating that this cryptocurrency is popular among long-term investors. As a result of these several causes, sentiment regarding Dogecoin is far more bullish than it is for the rest of the market.
Can Dogecoin Get Back To A Price Of 0.1 USD?
Although Dogecoin is doing well at the moment, its future price is still the subject of much discussion. The digital asset might easily reach a price of $0.1 in the near future. Nonetheless, Twitter’s current unpredictability is exerting negative pressure on DOGE.
Despite this, DOGE prices have remained consistently higher than their 100-day moving average. Even at these prices, this is indicative of solid investment signals for the crypto currency. If purchasing pressure keeps up, Dogecoin (DOGE) might quickly reach the $0.9 level, which is the next significant level of resistance.
It All Comes Down to
There is also significant support for the DOGE coin at the $0.08 level, which would come in useful if the bears were to attempt to seize control of the situation. What the billionaire Elon Musk remarked about Dogecoin is that it is one of the cryptocurrencies with a positive future, which lends validity to the meme coin’s capacity to retain such a profit margin even through uncertain times.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Serum (SRM) and Cronos (CRO) Will Continue To Struggle In This Bear Market While Snowfall Protocol (SNW) Continues To Thrive!
It’s no secret that the cryptocurrency market is in a bearish state right now. Many altcoins are struggling, and it seems like nothing can save them. However, there is one coin that is thriving amidst the storm: Snowfall Protocol (SNW)! Serum (SRM) and Cronos (CRO), on the other hand, are not so lucky.
Why Snowfall Protocol (SNW) Is Thriving!
Market analysts attribute Snowfall Protocol’s (SNW) success to its unique multi-chain compatibility protocol. This protocol allows for secure asset transfers and cross-chain transactions between blockchains, giving Snowfall Protocol (SNW) an edge over Serum (SRM) and Cronos (CRO).
Moreover, the bridge is designed to generalize cross-chain communication and optimize the security model between asset transfers. This makes it the perfect tool to help investors navigate through this bear market. This is like how roads paved enable traders and merchants to reach their destinations faster and more securely.
To better understand why this crypto is the next 1000x token despite this bear market, it’s best to visit the links below.
Snowfall Protocol’s (SNW) compatibility model has enabled the growth of more than 140% at the beginning of its presale stage. Some experts are predicting that Snowfall Protocol (SNW) has the potential to grow 5000% by the time it is launched. Don’t waste your money on failing projects like Serum (SRM) and Cronos (CRO). Now is the time to invest and build with Snowfall Protocol (SNW).
Serum (SRM) and Cronos (CRO) Are Doomed…
Serum (SRM) is not doing well in the current bear market. Serum (SRM) is a protocol that focuses on DEXs and not the entire decentralized finance space. Serum (SRM) was created to retrofit existing protocols, but it can’t build a complete decentralized finance infrastructure from the ground up. Serum (SRM) is not interoperable and thus has a limited use case and utility.
Serum (SRM) needs a multi-chain interoperability protocol to help it bridge the gap between different blockchains to facilitate secure asset transfer and cross-chain transactions. This is where Snowfall protocol (SNW) comes in.
Similarly, Cronos (CRO) is the native currency for the centralized exchange entitled crypto.com. Cronos (CRO) was created to reward users on this platform. However, Cronos (CRO) is not interoperable either. If the crypto.com platform were to ever become bankrupt, Cronos (CRO) would become worthless.
Conclusion
Overall, Snowfall Protocol (SNW) is demonstrating that it can weather any storm – something Serum (SRM) and Cronos (CRO) cannot say for sure. Therefore, if you’re looking to invest in something that can bring you profits in this bear market, Snowfall Protocol (SNW) is worth considering. Check out the presale here: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Chiliz (CHZ) And Algorand (ALGO) Are Getting Reconsidered Whilst Snowfall Protocol (SNW) Continues To Rise During Pre-Sale!
If you’re looking to make a fortune in the cryptocurrency world, you’re going to want to pay attention to this blog post. Chiliz (CHZ) and Algorand (ALGO) are both great cryptocurrencies, but the’re both being reconsidered as of late.
Its clear we are in a bear market, but regardless, Snowfall Protocol (SNW) has continued to rise! If you’re looking for a surefire way to make some serious money, Snowfall Protocol (SNW) may be the ICO for you.
This is because Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. It enables users to swap assets across the most widely used blockchains, creating a bridge between different blockchains so that millions of people can communicate with each other on any given blockchain.
This is like how a highway connects two cities, making it easier for people to travel between them. With Snowfall Protocol (SNW), they’re building the highways needed for millions of people to communicate with every blockchain and make money in the process. Chiliz (CHZ) and Algorand (ALGO) may be falling– but Snowfall Protocol (SNW), is climbing and is the experts pick for 2022 going into 2023.
Some experts are saying that Snowfall Protocol (SNW) could see a growth of 5000% by the time it launches. This can be the next 1000x token. For more information visit the website and presale links below.
We Are Not Fans of Chiliz (CHZ)
Chiliz (CHZ) serves as a utility token for the Chiliz exchange, a sports and entertainment blockchain platform that is focused on tokenizing sporting events. Chiliz (CHZ) premises special fan experiences and enables fans to earn rewards, participate in fan polls and make decisions that influence the team they root for.
Chiliz (CHZ) is a great idea, but it’s too niche. Chiliz (CHZ) is not going to make you wealthy. The market is limited. It’s also a form of glorified gambling with fans speculating on the value of teams based on Chiliz (CHZ) tokens.
Algorand (ALGO) Is Going To Be To Archaic
Algorand (ALGO) is an open-source blockchain framework designed to help developers create secure, decentralized applications. It uses a proof-of-stake consensus mechanism, which makes it more energy efficient and faster than other blockchain networks.
Unfortunately, Algorand (ALGO) is going to be too archaic soon as more powerful protocols like Snowfall Protocol (SNW) come online.
Snowfall Protocol (SNW) offers cross-chain transfers, which make it easier for users to swap assets between different blockchains. This will drive up demand and increase the value of Snowfall Protocol (SNW)tokens, while Algorand (ALGO) does nothing different. Algorand (ALGO) is not innovative enough to make you wealthy.
Final Thoughts
Chiliz (CHZ) and Algorand (ALGO) may be trending due to short-term price increases, but this is just because traders are pumping the coins – and traders will eventually sell and the coin will go back down.
Snowfall Protocol (SNW) is looking to make some serious long innovations, and if you get in early, you can make some real money. Invest with wisdom! Don’t miss out on your chance to invest in the next big thing by adding this unique coin to your portfolio!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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Big Eyes Coin, Toon Finance and IMPT Race To Top As Presale Madness Continues
Best ICO Presales 2022
Big Eyes Coin, Toon Finance and IMPT are now racing to the top, amidst presale madness. If you want to find out more about each coin or if you want to make sure that you are making the best possible choice with your investment, then this guide will talk you through the latest movements with each coin.
Big Eyes Coin
A lot of meme coins work on a basis of sarcasm. The meme domain has endured quite a large amount of dog-themed projects, but Big Eyes coin departed from this trend and instead, adopted a doting big-eyed cat. Big Eyes Coin is now ready to explore some of the unlocked potential in the crypto market. Of course, if you are a holder of this coin then you may be interested to know that they made over £1,000,000 during the first week of presale. This whopping amount shows that enthusiasts are now tapping into some of the limitless prospects that the coin has to offer.
That being said, it’s also important to know that Big Eyes Coin are choosing to donate 5% of their assets to charity. A lot of projects are launched to try and satisfy the appetite of development teams, and most of the time this is done at the expense of the environment. The main bonus of Big Eyes Coin is that they aim to address this by donating 5% of their assets to a wallet for charities.
Big Eyes are a champion for ocean cleansing, meaning that aquatic species that are on the current brink of extinction are going to bask in existence once more. Of course, the presale data for this coin alone shows that it has so much potential and the fact that it is helping the environment, when trading often impacts it, is just one of the many factors that are drawing new investors to the market.
IMPT
IMPT also has a similar aim of trying to help the environment. It’s entirely possible for you to make a substantial amount of profit with this coin.
The main reason for this is because it utilizes the main features of the Blockchain market. It also helps companies to avoid both fraud and double-counting. Blockchain is a decentralized database and it can be seen as a form of data. Carbon trading, on the other hand, uses data.
It is entirely possible for you to buy and sell carbon credits through this platform, and they can be minted into NFTs as well. The great thing about doing this is that it helps to prevent any kind of fraudulent activity.
You can expect a way more transparent ecosystem and a lot of this comes down to the blockchain. So far, this coin has been backed by a lot of investors and you will not want to miss out on the chance of being part of something bigger.
The reason why this particular crypto is going to rocket is because it promotes transparency. It helps the chain to get general information back to the source on the blockchain. The system is also regulating any fraudulent activity that may be carried out.
It’s not hard to see why this is going to be one of the top coins on the market and the presale data alone is showing why it is so popular.
A lot of fans are flocking to this coin because it offers so much transparency, but at the same time, it is showing so much potential for the future. With the fraud support network and the fact that you can mint into NFTs, it’s no surprise to see that this coin is a top contender when it comes to meme coins in 2022. That being said, another coin is quickly hitting the ground running, and that’s Toon Finance. If you want to find out more about that particular coin, then take a look below.
Toon Finance
Toon Finance is based on a DEX, which is a decentralized exchange platform. This helps to give investors way more flexibility, as it removes the need for any kind of central authority. The great thing about this system is that it doesn’t require a central server, meaning that the coin is able to cater to investors.
Of course, the biggest and best benefit of Toon Finance is the fact that it is far more secure when compared to some of the other currencies on the market. Hackers can’t gain access to your account easily, and it is impossible for cybercriminals to get hold of the funds in the exchange.
Another benefit of the Toon Finance protocol is the high level of anonymity. Investors who use the platform and those who access the presale can feel at ease knowing that their information is completely secure and that there is no way for it to be compromised. This alone is a major benefit.
Lastly, there is a very low cost for the entry fee. A unique feature that makes this coin so desirable is the fact that it is more affordable when compared to some of the older currencies on the market.
A lot of this comes down to the fact that it is compatible with DEX. The lack of a central authority means that you don’t have to pay the exchange to conduct the trade, nor do you need to pay your wallet provider to store your coin by using the centralized platform.
The presale for Toon Finance has shown astronomical potential and it looks like things are only going to get better from here. If you want a coin to invest in right now then this is the only one you should be looking at.
So as the presale madness continues, it looks like there are a few coins that are steaming ahead.
Right now, Toon Finance, Big Eyes Coin, and IMPT are making waves and showing no signs of slowing down. The popularity of these coins cannot be compared to other releases, and this shows that they all have great profit potential due to consumer demand.
Decentralized Exchanges – The Future of Crypto Trading?
In the world of cryptocurrency, there is a constant battle between centralized and decentralized exchanges. Both have their pros and cons, but which one is better? In this blog post, we will be discussing what a DEX is and why it might be the future of crypto trading.
Toon Finance Ethereum DEX Swap
A decentralized exchange (DEX) is a cryptocurrency exchange that does not rely on a third party to hold the customer’s funds. Instead, trades are made directly between users (peer-to-peer) through an automated process.
This type of exchange is different from centralized exchanges, such as Coinbase or Binance, which act as intermediaries between buyers and sellers.
Toon Finance is coming out with their new DEX swap that will outperform Pancake Swap. According to crypto experts they say that Toon Finance could surpass Dogecoin due to its new DEX and being that the new ico will have a use case unlike many other new meme coins that are just another meme without use or utility.
The main advantage of using a DEX is that it is much more secure since there is no central point of control. If a hacker wants to steal funds from a DEX, they would need to hack every single user’s account instead of just one central server. This makes it virtually impossible for hackers to steal large amounts of money from a DEX.
Another advantage of using a DEX is that it is much more private since you do not need to create an account or give any personal information. On centralized exchanges, you need to go through a lengthy KYC (know your customer) process in order to trade. This can be a problem for people who value their privacy.
The main disadvantage of using a DEX is that it is much less user-friendly than a centralized exchange. DEXs can be difficult to use for first-time users and are often lacking in features when compared to centralized exchanges. Additionally, since trades are made directly between users, there is often no customer support if something goes wrong.
So, should you use a DEX? That depends on your individual needs and preferences. If you value security and privacy above all else, then a DEX might be the right choice for you. However, if you prioritize ease-of-use and robust features, then you might prefer to stick with a centralized exchange.
Toon Finance / TFT Twitter / Toon Finance Telegram
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Mosdex Continues To Grow Its Arbitrage Platform
Mosdex, an arbitrage trading platform, continues to grow its user base amongst crypto users interested in passive income streams. Mosdex is planning for continued growth by enhancing its infrastructure and rolling out support for additional cryptocurrencies. By capitalizing on inefficiencies it sees in other arbitrage trading platforms, Mosdex believes it is poised to gain significant market share.
Throughout their existence, cryptocurrencies have become a tool that helps enable anyone in the world, provided they have an active internet connection, to be a part of a financial system helping them to gain a chance to make a passive income out of it. There might be some risks associated with the utilization of cryptocurrencies; however, they rarely outweigh the number of perks that are associated with this emerging technology. Mosdex has continued to leverage blockchain technology in a push to make passive income seamless in crypto markets.
The Mosdex Experience
Mosdex has been providing cryptocurrency arbitrage services to institutions only. What is good about Arbitrage trading is that it helps users and institutions gain a consistent way of generating income from distinguished transactions with minimal risk.
Another thing to understand is that Arbitrage trading involves the utilization and analysis of price changes across different cryptocurrency exchanges and because of the system running on the concepts of automation, it is usually regarded as a seamless method.
As of late, Mosdex is looking into growing its cocoon and delivering its services to the general user base as well as other firms by introducing a fresh arbitrage trading platform. Powered by Bitcoin and stablecoin USDT, the platform introduced by Mosdex seeks out new users into getting them involved in arbitrage trading, a way of generating a source of passive income. In order to ensure the safety of the wealth stored, Mosdex has presented a new Profit-Sharing model.
Having the foundations of a solid and secure platform alongside a team of talented individuals, the players looking to get into the world of Mosdex are expected to have some assurance that the platform is safe to use.
And because the platform is powered by cryptocurrencies, it means that it is also powered by blockchain technology. Blockchain technology has proved its worth over time, as it provides different perks like minimal charges, trivial administration, excellent convenience, and the best part, a solid secure structure that cannot be hacked.
Mosdex’s Offering
The initial concept of Arbitrage trading came with a lot of flaws and disadvantages such as limits, high charges, and time frames that stopped liquidity, which significantly increased the amount of time it took to perform a transaction, but since Mosdex’s new platform utilizes blockchain technology, all of those issues seem to have been resolved as the fundamentals of blockchain technology acts as a counter to the issues with Arbitrage trading. The platform also has the DAMS system.
The platform developed by Mosdex enables users to take advantage of a dynamic system that helps to take control of the staking yield through the use of a highly efficient program that learns usage patterns and then adjusts the yield accordingly.
Mosdex is also looking to expand its roster of supported cryptocurrencies and stablecoins to gain a larger number of audiences. In addition to that Mosdex is also seeking out potentially good projects having impressive liquid that are moving towards the idea of arbitrage staking.
Expanding on the previously mentioned Profit-Sharing Model, Mosdex thinks that going with this model is going to assist both the company and the platform to expand due to the fact that the user base will have to share a set amount of profits generated with the platform. The morally great thing about this model is that if the users are not able to make profits, then the platform will not get anything out of it, creating a balance between the two.
Mosdex thinks that this will not only help to improve and grow the platform but will also bring in more new users who wish to seek a chance at gaining some income passively.
Perks of Joining Mosdex’s Platform
Here are a few advantages of joining Mosdex’s vision.
- Mosdex uses Blockchain technology which helps to have secure, cheap and easy transactions, making it far superior to regular arbitrage trading methods.
- Users are able to earn a better amount of income through the use of Mosdex’s platform in comparison to standard arbitrage trading, as Mosdex uses blockchain technology.
- The Profit-Sharing model is a great way of creating a balance between the users and the platform itself, enabling both of them to grow simultaneously. It also promotes ROI that is aimed to provide a greater number of profits.
- Mosdex has stated that normal users engaged in arbitrage trading in the cryptocurrency market are able to gain a higher level of profits if they take part in this Bitcoin powered arbitrage trading platform.
- Mosdex has also claimed that it expects a massive new user base from the platform, so the level of profits gained by users will also increase, thus contributing towards the platform’s growth.
- The main idea behind Mosdex’s platform is to help users achieve higher profits making it generally a very attractive option.
Ways of Attaining a Passive Income
- Lending is an efficient way of making a passive income. It is generally advised not to pile up a large number of coins, thus making it better to offer them for loaning. The good thing about this is that the provider does not have to deal with any sort of loss because it is the borrower’s responsibility to handle it.
- Locking capital is another way of making money, it is very similar to the previous way, however, it requires users to lock in a set number of cryptocurrencies, which generates profits.
- Staking as we know is one of the most popular methods of passive income generation. Additionally, the expanded method of locked staking is also very beneficial for users looking to boost the number of coins they possess.
Mosdex has managed to take arbitrage trading to the next level by taking advantage of blockchain technology and taking advantage of inefficiencies it saw in other arbitrage trading platforms.
Not only that, with its excellent Profit-Sharing Model, Mosdex establishes a strong venue for both the user and the company itself to gain a profit. Since users are required to share an amount of profit with the company, as previously mentioned, it creates an excellent balanced relationship between the two, developing an overall win-win situation for both sides.
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Elon Effect On Dogecoin Continues, DOGE Price Might See An Extended Rally Hitting These levels
Every time the crypto market takes a turn for the better, participants face sore disappointment moments later.
Similarly, in the early hours today, the overall crypto market was flashing a bullish signal and all the major cryptocurrencies were trading in the green.
However, the bulls could not keep up the momentum for long. The market has turned red with Bitcoin losing 0.70% while Ethereum has lost 1.52% in the last 24hrs. This has pulled down other significant currencies as well.
However, amidst this volatility, one currency that has sustained its price stability is Dogecoin. The currency has surged more than 140% in the last 7 days.
Dogecoin Breaks $0.134
Since June, Dogecoin has been facing strong resistance around the $0.079 and $0.069 level, and the asset has been hovering near them for the past 5 months.
However, with the recent Twitter deal and other positive developments, DOGE has surged past $0.065 and attracted more demand into the market.
Also, the Relative Strength Index (RSI) has moved past the neutral 50 mark last week and since then, both RSI and OBV have been bullish which indicates good days ahead for DOGE.
The question arises: Should you be buying Dogecoin now?
As per experts, buying Dogecoin at the moment is not advisable at the present price point. However, those looking to get in on the action should consider that the liquidity zone is at $0.134-$0.142.
Apart from this, the funding rate for Dogecoin is currently positive and the Long/Short ratio is pointing towards an upward moment for DOGE in the last 24hrs.
Nevertheless, if Dogecoin decides to retest its price range between $0.134 and $0.14, it will give traders a good risk-to-reward buy-the-dip opportunity.
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Dash (DASH) and THORChain (RUNE) Decline Continues; Flasko (FLSK) Offers A Better Alternative Investment
2022 has been quite challenging for most cryptocurrencies, especially those who bought crypto assets at their peak. Investors who bought Dash (DASH) and THORChain (RUNE) have been rewarded after selling at their peaks, but these coins were still affected by bearish sentiments as they spiraled downwards.
Nonetheless, investors are still hopeful as alternative investments are available, like Flasko that they can key into for profitable returns.
Dash (Dash) Price Dips As Top Cryptocurrency Declines
Dash (DASH) was forked from Bitcoin (BTC) to solve some of its inadequacies. DASH was created to ensure cheap and fast transactions and swift governance. Over the past months, Dash (DASH) has spiraled downwards, as seen in its 90-day -12.57% price change. Dash (DASH) currently trades at $40.55 after a 24-hours price change of -1.36%.
After a 60-day price change of -10.49%, Dash (DASH) has regained momentum as it traded upwards with a +2.43% price increase over the previous 30 days. For Dash (DASH) to continue growing, it has to increase its trade volume. At its peak, Dash (DASH) traded for $1,642.22 and has a current market cap of $442.16M and a circulating supply of $10.96M. The recent general uptrend might suggest a promising future for DASH (DASH) prices, but investors might not be too keen on the coin.
THORChain (RUNE) Is On A Continuous Downward Trend
THORChain (RUNE) aims to make itself continuously available and reliable at a low cost and enhance investors’ liquidity. Its native token, RUNE, for the THORChain protocol, is based on the Cosmos SDK and powered by the Tendermint consensus mechanism. THORChain (RUNE) aims to give investors power by extending the potential of liquidity, and can be found on several blockchains like the Binance Chain and Ethereum
2022 was rough for THORChain (RUNE), just like most cryptocurrencies, it spiraled downward by June 18, where it lost more than 88% of its value. THORChain (RUNE) currently trades at $1.4645221 after a one-day -5.05% drop in price. This is after a -43.74% 90-day price change. This shows that THORChain (RUNE) has lost more than 90 percent of its value since its all-time high of $21.26.
Flasko (FLSK) Has A Huge Possibility Of Growth
Every investor knows that you have to invest early in a reliable venture to make better returns in the cryptocurrency market. This is why Flasko has been very popular in recent months. Flasko will be a new and first alternative investment that allows users to trade in fractionalized and minted NFTs backed by luxury and rare wines, whiskeys, and champagnes.
The second phase of the presale is ongoing with a price of $0.065, and analysts predict that Flasko might be a blue-chip cryptocurrency in the coming months. Analysts also expect that Flasko might rise by 4,000% by 2023.
Also, the developers of Flasko ensured it was audited by Solid Proof and will lock its liquidity for 33 years.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Cardano Continues to Remain Extremely Weak! ADA Price To Hit This Level By October End
Ever since the FED released the fresh CPI rates, the crypto market continues to remain heavily consolidated. Bitcoin price slumped close to $19,000, while Ethereum price was below $1300. At the same time, the popular crypto Cardano which was assumed to mark lows below $0.3, now displays a minor bullish divergence. However, the confirmation of a rebound may still remain misty until the ADA price is raised beyond $0.4.
The Cardano price continues to display significant volatility as it continues to trade at around $0.3469 with a slight increase of +1.80% in the past 24 hrs. Meanwhile, the bears continue to mount significant pressure on the asset. However, the relative position has tangled down heavily and sits around the lowest position since January 2019. On the contrary, the ADA price continues to manifest the possibility to go long as the MVRV-Z smashed one of the crucial levels.
The MVRV-Z score is the difference between the market capitalization & realized value. Presently, the z-score is dropping hard and reached levels around -1.35 for the first time in the past 45 months. This signifies that the asset is highly undervalued as the realized value has raised above the current market cap.
Meanwhile, the NFT activity over the Cardano network has significantly risen which offers a tough condition for Solana. Additionally, the developers have planned to launch an additional update called ‘Hydra’ that intends to increase the blockchain’s transaction capacity from 250 to 1,000,000 per second.
Hence, considering the above reasons, Cardano’s price may explode in the coming days as the trading volume remained within a very impressive region amid the current bear market. Therefore, in the next bull run, the beat DeFi & NFT trading platform could be Cardano which may impact the ADA price to a large extent.
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Ethereum Price To Crash 40% If The Current Trade Continues
At the start of the week, after Bitcoin attained some bullish trend, the currency slipped dragging other major cryptocurrencies like Ethereum, Cardano, Solana among others. Ethereum, the second largest crypto by market cap, lost its crucial level of $1,300 amidst this bear movement.
Currently, Ethereum is valued at $1,278 followed by a drop of 1.61% over the last 24hrs.
It’s just not Ethereum price, even the currency’s daily active address (DAA) has seen its fall in the last four months. As per Santiment reports, Ethereum’s daily active address has dropped to 152,000 as of Oct 21 which is the lowest level since June.
This drop coincides with Ethereum losing more than 80% from its November 2021 high of $4,850. This indicates that either Ethereum users are moving out of the market or have just taken a break from ETH.
Meanwhile, the Santiment analysts are blaming these traders as weak hands who have decided to move out while Ethereum is facing a bear market.
Also this kind of disinterest among traders can also be seen in terms of Ethereum-based investment funds as the outflow is worth $3.9 million. This data was confirmed by CoinShares latest weekly report which also claimed that on a year-to-date (YTD) the outflow has hit $368.70 million.
Ethereum Price At $750 ?
At the moment, Ethereum price is depicting an ascending triangle pattern which is expected to drag the price near $750 or 40% drop from its present price trade.
On the other hand, if Ethereum price gain bull run ETH might move upwards hitting $1800 by Oct.
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Top Undervalued Altcoins Gearing up as Bitcoin Price Continues with a Sideway Trend!
Bitcoin price continues to trade within a pre-determined range that it began to trade a month ago. The constant failure to surpass & sustain above $20,000 has discouraged the market participants, who may soon switch to other altcoins within the crypto space.
Ripple(XRP)
Ripple price is witnessing significant growth since the beginning of the month and the recent push uplifted the price beyond $0.5. As the selling pressure remains slightly far-off, it appears that the bulls could have entered the platform. On the other hand, as the market sentiments continue to remain shaky, the bulls fear uplifting the price beyond the upper resistance. Therefore, until the market conditions settle, the XRP price may trade between $0.57 to $0.6.
BinanceCoin(BNB)
BinanceCoin price ever since dropped below $300 has been trying very hard to regain the bullish momentum, but failing to do so. The recent rejection has dragged the price close to the lower support where-in the bulls are trying very hard to defend. Therefore, it is pretty clear that the bears may not drag the price towards new lows as the bulls continue to stand along the lower crucial levels.
Solana (SOL)
Solana is among the altcoins that have witnessed a drastic fall since the beginning of 2022 as it dropped heavily from levels above $200 to below $30. The price is attempting very hard to keep up the bullish momentum, but due to the bearish action being extended every day, the price remains restricted below $35. However, a continuation of a sideways trend is expected for some more time before a breakout that may be expected at the end of October.
TerraClassic(LUNC)
TerraClasic is slowly gaining the base that was much required to rise within an ascending trend. To prevent steep plunges or pullbacks, the bulls are rising high slowly yet steadily. Therefore, the initial target remains around $0.000035, after which a notable upswing may make its way out to regain the highs.
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Shiba Inu Whale Accumulation Continues
Shiba Inu is predicted to see a massive surge soon. With a new green candle on the charts, the meme-coin is likely to make a run toward the next resistance soon.
Shiba Inu saw a major “buying activity” within a relatively short time. As can be seen on the 4-hour chart, Shiba Inu illustrated a massive green candle following the liftoff from the MA 50 at $0.0000122.
Most recently, WhaleStats multi-chain wallet tracker has disclosed that the largest Ethereum whales grabbed $8 million worth of the Shiba Inu meme coin over the past two days.
Just a few days before this accumulation, CNBC’s Jim Cramer had warned investors against buying cryptocurrencies in general and specifically SHIB and DOGE.
Whale Purchases
Recently, a WhaleStats tweet mentioned that whales’ SHIB stash has gone up by a substantial $8,000,000, which is an equivalent of 643,086,816,720.
At the end of last week, the top 500 wallets had a bit more than $147 million in the second largest canine coin. Now, they own $155,359,382 worth of SHIB!
Also, on Friday and Saturday, anonymous wallets moved massive amounts of SHIB. A mysterious whale bought 114,952,894,138 Shiba Inu and transferred it to Binance to sell it. This included three other large SHIB transactions made by different whales.
Whales wired a total of 281 billion SHIB on Saturday.
Jim Cramer’s Warnings
Last week, the host of CNBC’s Mad Money show – Jim Cramer, stated that investors should avoid putting their money in risky assets and should especially avoid cryptocurrencies. He added that people should not “get memed,” which has been interpreted as a warning against investing in meme-coins- Dogecoin and SHIB- as well as meme stocks.
Influencer David Gokhshtein agreed with Cramer’s views and said so on Twitter too.
In Fed Chairman Jerome Powell’s recent speech, he said that the central U.S. bank is going to stick to its hawkish stance and will continue with its tight monetary policy. Soon after this, Gokhshtein tweeted.
He also reminded the CNBC audience that Powell had recommended: “to stop doing stupid things with our money.” Powell mentioned that dealing with inflation may cause “some pain” to U.S. businesses and households.
Is Shiba Inu on the Rise?
SHIB is expected to make an upward move after it displayed a huge green candle, attempting to reach beyond the four-hour MA 200.
Nevertheless, the token could not immediately burst through the overhead barrier at $0.00001333 and ended up reversing back below the 4-hour MA 200 at $0.00001295. SHIB is currently trading at $$0.00001205 while attempting a decisive break above this key level. As per CoinMarketCap data, SHIB was down by 4.35% in the last 24 hours at the time of publication.
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TerraClassic (LUNC) Price Continues to Rally! Right Time to Invest?
TerraClasic price has been a hot topic ever since the asset experienced a steep downfall that led to a rebranding from Terra. Since then the community was pretty confident of the LUNC outperforming the Terra(LUNA), which has been materialized of-let. While the platform is been undergoing various changes, the LUNC price is expected to continue with a significant upswing.
Recently, the TerraClassic developers rolled out a new network upgrade according to which the investors can quickly take the stakes in LUNC. The version V22 update has introduced a staking feature to the blockchain which was the much-needed positive catalyst for the LUNC to break above the extended consolidation.
As the result, TerraClassic (LUNC) price jumped into action and surged more than 100% in the past 7 days.
With the network upgrade, the LUNC price raised massively above $0.00024 and quickly fell into deep consolidation. As the bulls appear to remain slightly passive, the bears jumped in to extract the profits. However, after a brief consolidation, the price may quickly rebound and pull a massive leg up to hit $0.0003.
The recent upgrade has proved to be very big news for the Terra Classic holders. Nevertheless, the asset has a pretty long way to go to reach its highs. On the contrary, some analysts still believe the asset’s upswing may be only for a short time frame as nothing has changed with the asset. Therefore, a notable drop may also be fast approaching for the TerraClassic (LUNC) price ahead.