Demand on the Rise Like any other cryptocurrency, Shiba Inu’s price depends on the balance between demand and supply. When more people want to buy SHIB than sell it, the price goes up. Over the past 24 hours, trading volume has jumped over 33% to $2.1 billion. Plus, more traders are getting interested in SHIB,…
BitMEX co-founder Arthur Hayes believes the crypto bull market is just getting started. Influx of Retirement Funds Hayes predicts that newly approved spot Bitcoin ETFs will attract funds from retirement accounts. This “sticky flow” of money will provide support during price fluctuations. Memecoin Mania Hayes foresees a surge in the value of memecoins, with some…
Analyst’s Prediction Crypto analyst Rekt Capital predicts that Bitcoin’s current bull market cycle could peak in late 2024 or early 2025. He bases this prediction on historical trends, suggesting that the peak could occur within a range of 266 to 315 days from now. Historical Precedence In previous bull market cycles, Bitcoin has typically peaked…
Mega Bitcoin Purchase MicroStrategy, a software company, is planning to buy even more Bitcoin. They’re raising $500 million to add to their already massive Bitcoin stash. Just recently, they bought $821.7 million worth of Bitcoin. Bitcoin Acquisition Spree MicroStrategy is on a Bitcoin buying spree, likely because the cryptocurrency has been going up in value….
On-Chain Data Hints at Price Surge Analysts are keeping an eye on a specific metric called the UTXO Profit/Loss (P/L) Supply Ratio Momentum. This metric measures the profitability of short-term vs. long-term Bitcoin holders. In the past, significant spikes in this metric have been followed by major price rallies. With the metric currently on the…
Strategic Partnership with AIRian Shiba Inu has teamed up with AIRian, a social-fi community that promotes walking and running marathons. Shiba Inu’s lead developer, Shytoshi Kusama, is involved in this partnership and will serve as an advisor and lead air for the project. Fitness Revolution in the SHIB Ecosystem AIRian aims to bridge fitness and…
The legal battle between Ripple Labs and the SEC is nearing its climax as both sides prepare to submit their final briefs. Key Dates SEC’s opening brief: March 22 Ripple’s opposition brief: April 22 SEC’s reply brief: May 6 Discovery Extension and SEC’s Request Ripple received a one-week extension for discovery in February. The SEC…
Regrets and Missed Opportunities Peter Schiff, a well-known Bitcoin critic and gold advocate, has expressed his regrets for not investing in Bitcoin earlier. He admits that he missed out on the opportunity to make significant profits from the cryptocurrency’s rise. If given the chance to go back in time, Schiff says he would have invested…
Risk Reversals Hint at Investor Concerns As Ethereum prepares for the Dencun upgrade, QCP Capital warns of a negative trend in “risk reversals.” This suggests investors are hedging against a potential price decline. The increased interest in put options, which protect against losses, reflects growing concerns. Market Leverage and Correction Fears The market’s high leverage…
Ethereum has released a major upgrade called “Dencun” that aims to make using the network more affordable. This upgrade focuses on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, which connect to Ethereum. Cost Savings Dencun significantly reduces transaction costs on L2 networks. Fees have dropped from dollars to cents or even fractions…
