Cryptocurrency - news

Shiba Inu (SHIB) is currently consolidating after a massive rally earlier this month, which saw the token surge to $0.00003046 (on Binance). However, the momentum waned as SHIB retraced to levels below $0.00002303. With Bitcoin witnessing a push towards $100,000, SHIB investors have urged the development team to implement strategies that could catalyze a substantial rally Key Catalysts For Shiba Inu Price In response to these appeals, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, addressed the community’s concerns by highlighting SHIB’s achievements and catalysts which will enhance the SHIB token valuation. Emphasizing the token’s prominence on the Ethereum blockchain, Kusama first stated via X: “‘Hey dude send Shib to the moon.’ Checks we are still #1 eth token in the world.” Addressing the notion that SHIB is merely a get-rich-quick scheme, a user commented: “What people don’t get is this token is about function and not just get rich quick.” Kusama agreed, replying [...]

VanEck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of “overheating.” 

Cardano (ADA) is making waves in the crypto market, surging past the $0.8119 level in a bold display of bullish strength. This breakout marks a significant turning point, signaling growing confidence among investors and renewed optimism for ADA’s price. With this critical resistance now in the rearview, Cardano is set to aim even higher. Could this be the beginning of a sustained rally that pushes ADA to new heights? As market sentiment improves and the bulls take charge, the focus is on analyzing Cardano’s surge beyond the $0.8119 level, exploring the key drivers behind its rally, and evaluating the prospects for continued upward movement toward higher price targets. Market Sentiment: Growing Confidence In ADA’s Potential On the 4-hour chart, ADA is striving to extend its gains after breaking past the $0.8119 level while remaining above the 100-day Simple Moving Average (SMA). Holding above this critical mark and the 100-day SMA highlights ADA’s strength and potential for further [...]

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. Related Reading: Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect? The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are reallocating gains into ETH, boosting its price. Ethereum’s ability to capitalize on Bitcoin’s momentum underscores its position as the second-largest cryptocurrency and a key player in the broader market trend. [...]

PRESS RELEASE. On October 15, HTX DAO announced the successful completion of its $HTX token burn for Q3 2024. In the quarter alone, over $21.25 million worth of $HTX tokens were burnt. This marks a significant shift in the platform’s liquidity strategy, as HTX DAO has opted to discontinue its previous ecosystem liquidity pledge mechanism […]