The crypto market is showing positive sentiment after a recent pullback. The prices of Dogecoin (DOGE) and Cardano (ADA) have risen on the chart. WiseCharts forecasts the value of DOGE could rise to $1.3 in the coming weeks. On the other hand, Cardano crypto bulls are fighting for a long-awaited return to $1.
It seems that a massive Shiba Inu (SHIB) purchase took place in the last 24 hours. As revealed thanks to on-chain data from Arkham Intelligence, an unknown massive investor withdrew 107,071 billion SHIB from one of the largest crypto exchanges, ByBit.
The global cryptocurrency market cap is down by over $200 billion in the last seven days, while the altcoin markets have shed more than $20 billion from their total valuations within the last 24 hours.
Mahe, Seychelles, 5th February 2025, Chainwire
Charles Hoskinson, the creator of Cardano, is generating significant excitement in the crypto space with cryptic hints about major developments slated for February.
Popular cryptocurrency tracker Shibburn has spread the word about a large number of SHIB meme coins that have been pushed out of circulation over the past day.
Shiba Inu (SHIB) is currently worth $0.00001644, up 5.09% in the last 24 hours thanks to big news from the United Arab Emirates (UAE). The country recently announced its plan to use blockchain technology, which has given SHIB a short-term boost.
Shiba Inu has been experiencing a sharp decline, as shown by the market being shaken by an astounding 7.5 trillion outflow of tokens. This enormous token movement indicates significant changes in investor sentiment, which will increase selling pressure and cause a significant decline in price.
Cardano's native token, ADA, has surged by an impressive 64% in just one day, marking a dramatic recovery following the recent turmoil in the crypto market. The price jump, which saw ADA rise from $0.50 to a local high of $0.82, signals a strong rebound from a market crash caused by external factors, including new tariffs introduced by former U.S. President Donald Trump.
The leading crypto exchange Binance, has unveiled significant updates affecting multiple perpetual contracts, including XRP, NEAR, MEW, and others. Besides, the exchange has also introduced new trading bot services for select spot trading pairs including Litecoin (LTC), TRUMP, and Sonic (S).
The latest SHIB burn data propelled a massive tide of optimism among crypto traders and investors as it soared over 500% intraday. Following the recent Shiba Inu and UAE partnership announcement, this surge has pushed market watchers to be highly optimistic.
The Shiba Inu (SHIB) ecosystem announced a strategic partnership with the United Arab Emirates (UAE), suggesting blockchain integration at a federal level.
Shiba Inu (SHIB) has recently shown notable upward movement, briefly surpassing the $0.000016 price point, igniting discussions about the potential for its market capitalization to hit $150 billion. This speculation follows a turbulent period in the broader cryptocurrency market, where SHIB experienced significant losses only to stage a sharp recovery.
ADA turned bearish this week as sellers took over the price action. Key Support levels: $0.73, $0.65 Key Resistance levels: $0.90 1.
SHIB is among the best-performing top 20 cryptocurrencies today (February 5).
The UAE Ministry of Energy and Infrastructure has partnered with Shiba Inu to implement blockchain technology across government services, marking the first federal-level blockchain integration by a national government and potentially saving over $3 billion in processing costs.
Shiba Inu's price has taken a big hit, dropping below key support levels. Is this a buying opportunity or a sign of more trouble ahead?
The blockchain ecosystem could soon witness an unexpected collaboration between Cardano (ADA) and Ripple (XRP).
Recently, Cardano (ADA) experienced a notable sell-off by large holders, often referred to as whales, dumping 330 million ADA tokens on exchanges during a sharp market decline. Typically, such a massive sell-off could have triggered a significant decline in price.
SHIB's price action depends on breaking resistance amid shifting market dynamics.
Shiba Inu whales are back in action, initiating massive transactions worth millions of dollars. Recently, on-chain data revealed that Shiba Inu whales had moved a staggering 15.1 trillion SHIB tokens in just one day.
Cardano (ADA) fell 10.07% to $0.7364 by 17:57 (22:57 GMT) on the Investing.com Index, marking its biggest one-day loss since February 2. The decline pushed Cardanos market cap down to $25.82 billion, representing 0.81% of the total cryptocurrency market.
Litecoin (LTC) price is gaining momentum, surging in the past 24 hours as bullish sentiment rises. The rally follows the U.S. SEC's review of the Canary Spot Litecoin ETF application.
A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next.
Shiba Inu (SHIB) price has remained sluggish despite the ongoing bullish sentiment in the crypto market. While several major cryptocurrencies have registered strong gains, SHIB's price has struggled to maintain momentum.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are showing steady price action, but on-chain data and technical indicators suggest a massive rally could be on the horizon. Cryptocurrency Price 24-Hour Trend Dogecoin (CRYPTO: DOGE) $0.2636 -5.7% Shiba Inu (CRYPTO: SHIB) $0.00001563 -3.4% Pepe (CRYPTO: PEPE) $0.00001001 -5.0% Trader Notes: Crypto trader Javon Marks predicts that Shiba Inu could surge nearly 10x to $0.0001553.
ADA briefly tanked to as low as $0.60 before rising to the current $0.75.
According to a prominent trader, the Department Of Government Efficiency (D.O.G.E) token is following the typical meme coin trajectory—major rallies followed by deep corrections. What Happened: In a post on X on Tuesday, trader Unipcs highlighted that despite facing heavy criticism after a 90% drop from its $500 million peak, this pattern is normal and D.O.G.E is primed for a comeback.
Cardano prices soar by 64% as ADA's prices recover from the recent market crash.
The UAE Ministry of Energy (MOEI) has struck a partnership with Shiba Inu to develop Web3 solutions in energy, infrastructure, and more. As per the press release, the partnership will mark a new era in Web3, leveraging Shiba Inu's broad range of Web3 technologies to support public service efficiency, green infrastructure, and citizen-focused governance models.
The altcoin market has faced significant challenges following a steep drop in Bitcoin's price, falling below the $100,000 mark. This shift came after U.S. President Donald Trump introduced new tariffs, including a 25% tax on imports from Mexico and Canada, and a 10% tax on Chinese products.
The price of Cardano (ADA) is showing recovery in line with the general cryptocurrency market, but whale activity is signaling possible volatility in the coming days.
Charles Hoskinson, Cardano (ADA) founder, has dropped a notable hint about what the ecosystem will work on soon. All indications point to integrating artificial intelligence (AI) into the ecosystem.
Shytoshi Kusama, an enigmatic person known in the crypto space as the Shiba Inu (SHIB) community lead and a sort of spokesperson for the popular meme-inspired cryptocurrency, recently shared an intriguing hint on their social media.
Cardano's decentralized governance has achieved a significant milestone, with over six billion ADA now delegated to Delegated Representatives (dReps), according to Intersect, a member-based organization for the Cardano ecosystem. This marks a significant step toward a more decentralized and community-driven decision-making process.
During the recent sharp market decline, where whales focused on accumulating assets, Cardano (ADA) remained untouched. Today, February 4, 2024, a prominent crypto expert posted on X (formerly Twitter) that whales have not purchased ADA during the dip. Instead, they have dumped millions of ADA tokens onto exchanges.
A project focused on the meme coin market called the Doge Jones Industrial Average (CRYPTO: DJI) has announced the beta launch of its new DJI App, a self-custody index platform designed for meme coins. The platform, which is now live, enables users to buy, hold,and manage an index of these digital assets directly.
The United Arab Emirates (UAE) government and cryptocurrency project Shiba Inu have partnered to promote Web3 innovation and growth in the country.
In the last 48 hours, Cardano whales have dumped 300 million ADA on the market, causing a stir in the broader cryptocurrency space. The sell-off has caused selling pressure on the market and has impacted the overall price of the coin amid expectations that ADA bulls can help hold up the fort.
A rather rare anomaly recently stunned the on-chain realm behind the scenes of Shiba Inu token SHIB. Thus, as became known thanks to data from IntoTheBlock, the number of outflows from the wallets of meme cryptocurrency whales in the last 24 hours totaled 6.51 trillion SHIB.
Although the crypto market is volatile, the market could see a massive uptrend in the coming months. Ali Martinez forecasts the price of Ethereum (ETH) could pump to $7k. Also, a top analyst called Lucky notes that Cardano (ADA) is among the best DeFi projects in the market.
Shiba Inu price decline has crossed the 25 percent mark this year, but whales could help bridge the divide between BTC and meme coin momentum.
Leading meme coin Shiba Inu (SHIB) has seen a significant drop in value, falling by 20% over the past week. Due to this double-digit price fall, a key on-chain metric suggests that SHIB has become undervalued, indicating it might be a good time to buy.
Charles Hoskinson has intensified chatter that Cardano might add Ripple's stablecoin, RLUSD, to its platform. He mentioned that Cardano's team regularly talks with Ripple's leaders about using RLUSD.
The Cardano price currently boasts a bearish outlook following a recent development in the ADA ecosystem. Crypto analyst Ali Martinez revealed that ADA whales have offloaded a significant amount of coins amid this recent market downtrend, which could lead to massive sell pressure for the crypto.
Shiba Inu (SHIB), the dog-themed meme coin, has significantly developed on the broader cryptocurrency market. There has been an upsurge in trading volume as over 10 trillion SHIB tokens have hit Binance, the largest crypto exchange, in the last 24 hours.
With the crypto market facing intense bearish pressure, a short breeze of bullish recovery in Cardano hints at a rise to $1. Is the recovery run in Cardano inevitable?
VICKY is up 22% in the last 24 hours as Vitalik Buterin retains the majority of VICKY holdings allocated to him at launch.