Author: NBTC
Large investors in the popular meme-inspired Shiba Inu (SHIB) cryptocurrency have added more than 1.12 trillion tokens to their wallets over the past 24 hours, according to data from IntoTheBlock. According to an analysis of the Large Holder Netflow metric, which tracks cryptocurrency flows to wallets holding at least 0.1% of the circulating supply of Shiba Inu tokens, there was an increase from -951.84 billion SHIB to 174.91 billion SHIB over the past 24 hours. Thus, we can see an increase of 1.127 trillion Shiba Inu tokens in net flows to the wallets of large investors. The netflow metric shows…
At the tail end of a month that saw numerous false breakouts, Bitcoin (BTC) has finally surged above the psychologically important $70,000 level — for the first time since June. The pioneering cryptocurrency is trading at $71,850 at the time of publication — having rallied by 102.45% compared to this time last year. Several key technical indicators are suggesting that this could be the start of a prolonged rally. With just two days left to go, it’s beginning to look like ‘Uptober’ could end on an even higher note. Bullish signals abound as BTC breaks resistance Bitcoin has been struggling…
Ethereum surpassed the $3,000 milestone, marking its highest level in three months, driven primarily by institutional access through regulated ETF products. Traditional financial institutions’ entry through ETF vehicles distinguishes Ethereum from other cryptocurrencies, potentially creating sustained buying pressure. Current market structure and volume patterns suggest a shift from retail to institutional-led price action, potentially signaling a new phase in Ethereum’s market maturity. Ethereum, presently the second largest cryptocurrency in terms of market capitalization, has soared past the $3000 mark and touched its highest level in three months, at least in part due to institutional adoption. The rise occurs at a…
As interest in cryptocurrencies surges, notable developments are emerging in the altcoin sector, capturing widespread attention. With the landscape becoming increasingly competitive, many teams are aiming to distinguish themselves through strategic collaborations. Recently, COTI Coin announced exciting advancements that signal its commitment to growth and innovation. Contents hide 1 What Are the New Partnerships? 2 How Will This Impact COTI Coin? What Are the New Partnerships? COTI Coin recently welcomed four significant protocols into its network, aligning with its goal of enhancing privacy and scalability. The latest partners include Bancor, Syncra, Band Protocol, and NFA, all of which are critical…
Bitcoin has surged 4% in the last 24 hours to above $71,000, with investors expecting the rally to continue as the US elections approach. While the expectation of an increase in the market continues, analysts from Singapore-based crypto trading firm QCP Capital evaluated Bitcoin and the situation in the market. Analysts said the rally in Bitcoin, which surpassed the $70,000 level for the first time in more than seven months, was supported by strong inflows in spot Bitcoin ETFs worth $1 billion and other factors. Stating that the rise in cryptocurrencies has also spread to crypto-related stocks, analysts said that…
Ethereum has seen a significant uptick in buying pressure near the $2.4K support level, driving an impulsive price surge and reclaiming several key resistance regions. This action is signaling a potential shift towards a bullish market sentiment, with higher price levels expected in the mid-term. By Shayan The Daily Chart The daily chart shows that intensified buying near the channel’s middle boundary of $2.4K has sparked a substantial upward move, allowing Ethereum to break through several critical resistance points: The 100-day moving average at $2.5K The descending channel’s upper boundary is around $2.8K The 200-day moving average at $3K This…
A blockchain analyst says Shiba Inu, the network behind the SHIB memecoin, deserves a place in the Ethereum ecosystem as a layer-2 solution. The analyst noted Shiba Inu’s traits and organization, saying the memecoin could be a failover gas token on Ethereum. https://twitter.com/CryptoLollla/status/1854775006187737209 The analyst highlighted several of Shiba Inu’s characteristics, including SHIB’s status as a decentralized blockchain token with no team or management organization. He also noted its position as the second-highest market-capped token on Ethereum, after Ether. Meanwhile, the analyst compared Shiba Inu with other protocols in the Ethereum ecosystem. He noted that Solana has two layer-2 eclipses…
Bitcoin’s realized price, particularly within different age bands of unspent transaction outputs (UTXOs), displays an intriguing crossover pattern. Analysts predict this crossover could be an early sign of rising Bitcoin momentum, with newer transactions being completed at progressively higher prices than recent historical transactions. This shift hints at a potential bullish sentiment in the mid-term, suggesting increased demand and renewed investor confidence. The UTXO age bands, which categorize Bitcoin transactions based on the age of unspent outputs, provide valuable insight into market dynamics. The attached chart shows that age bands such as the 1-week to 1-month and 1- to 3-month…
A Shiba Inu team member known under the pseudonym Vet Kusama, which perhaps gives him a slight resemblance to the SHIB lead Shytoshi Kusama, has published a post with an image that features the very first logo of the Shiba Inu meme coin. Kusama revealed that the Shiba Inu dog, which initially inspired the mysterious founder Ryoshi to create the meme coin, is called Estee. A commentator to a recent tweet cited by Vet Kusama said that the dog is owned by an X user called Irina Valko (@IrinaValko7920 on X). Just found out that the name of the dog…
The company behind the ENS blockchain domain service has cinched a plan to build its own layer-2 blockchain, dubbed “Namechain.” Namechain will be a zero-knowledge rollup, and will likely go live around the end of 2025. ENS Labs, the company behind the Ethereum Name Service, is moving ahead with a plan to launch its own layer-2 network. Namechain, as the new network is called, should go live around the end of next year, ENS Labs’ chief operating officer, Katherine Wu, told CoinDesk. It will use zero-knowledge rollups, a scaling technology that speeds blockchain transactions and reduces the cost of executing…