On-chain data shows Bitcoin (CRYPTO: BTC) has maintained its strength comparatively to overall crypto market volatility as a major market move may be imminent. What Happened: In a post on X on Friday, analytics provider Glassnode showed meme coins experiencing sharp declines, with TRUMP (CRYPTO: TRUMP) dropping by 33.1% and Shiba Inu (CRYPTO: SHIBA) falling by 27.9%.
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Trading activity in the crypto market has picked up this week, with the global cryptocurrency market cap rising by 2% over the past seven days.
A new player is capturing the attention of investors tired of chasing outdated memecoins. Mutuum Finance (MUTM), priced at just $0.01 in the opening phase of its presale, has already raised over $1 million from more than 1,900 holders.
The Hedera blockchain's first-ever layer two solution “UP” was announced in October 2024. Polygon protocol Agglayer will now facilitate interoperability between UP and Karate Combat's official token.
The HBAR Foundation has announced an investment in Archax's tokenized shares of Fidelity International's USD Money Market Fund. Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera (HBAR) network.
Hedera (HBAR), one of the most prominent decentralized networks, has witnessed concerning outflows from its spot market. Investors have withdrawn a staggering $17 million from the token in just seven days, signaling a potential decline in market confidence and raising concerns over its ability to maintain support at the crucial $0.20 price level.
Shiba Inu has faced significant challenges in recent months, failing to break free from its ongoing downtrend. Despite the altcoin's struggles, recent investor activity indicates a potential shift.
As uncertainty dominated the digital assets landscape in the past week, Hedera demand plummeted significantly. The $17M investor pullback has raised eyebrows about HBAR's price action in the coming times. The impending selling pressure threatens the key support zone at $0.20. Losing this foothold might trigger a dip towards $0.
One of the biggest resistance levels in Shiba Inu's recent trading history is currently in the market. It may be difficult for the asset to break through because more than 515 trillion SHIB tokens are positioned at a critical price level.
A total of 20,423,263 SHIB have been shifted in one swoop, attracting the attention of the Shiba Inu community.
Shiba Inu price is gearing up for a potential 300% surge as it holds firm above strong support. The leading assets within the crypto market demonstrate a recovery as the broader market experiences small improvements.
Over the past week, Hedera has recorded steady outflows from its spot market, signaling a lack of confidence among market participants.
Technical analysis shows Shiba Inu breaking out of a Falling Wedge pattern with increased volume, while whale activity and declining futures interest create mixed market dynamics that traders are closely monitoring.
Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout.
The recent market decline has made it difficult for Shiba Inu to regain its bullish momentum. Technical indicators, however, point to the possibility of a golden cross formation developing earlier than anticipated, which could support a robust recovery for SHIB despite the uncertainty.
Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.
Shiba Inu dips to $0.00001514, but traders target $0.000078 by summer, while Panshibi sparks meme coin speculation. #partnercontent
Hedera (HBAR) has seen a modest recovery, briefly climbing above $0.21 in the last 24 hours. However, the cryptocurrency remains under pressure following a significant 40% correction over the past month.
Shiba Inu (SHIB) has shown signs of potential recovery despite facing hurdles, with the price hovering around $0.00001534 at press time. However, for a sustainable rally, Shiba Inu must tackle a significant challenge: the decrease in transaction count and its broader impact on demand.
Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB's total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu's burn rate has now taken a breather, settling at just 1.97% in the last 24 hours.
Dog-themed cryptocurrency Shiba Inu (SHIB) has been trading down in the last 24 hours; at the time of writing, SHIB was down 0.21% daily to $0.00001538. Weekly, Shiba Inu was recording higher losses, down nearly 7%.
The number of Shiba Inu trillionaires is decreasing in rapid fashion, which could be a signal for the rest of SHIB holders. The on-chain data is certainly not positive, and as large holders decrease their SHIB holdings, the market might see continuous selling pressure.
The market condition has changed recently, allowing several cryptos to register greens on their charts. Hedera (HBAR) price was one of them as it pumped by over 6% in the last 24 hours alone.
Shiba Inu could be poised for an uptrend if current level holds but transactions count create a major obstacle.
Hedera (HBAR) has climbed above $0.21 in the last 24 hours. However, it is still attempting to recover from a 40% correction over the past 30 days.
Shiba Inu (SHIB) - once one of the leading meme coins - is currently stagnating and has been moving in a downward trend for several months in a row. Against this backdrop, the token's popularity is rapidly declining.
Shibarium, the Ethereum-based layer-2 scaling solution for the Shiba Inu ecosystem, has suffered decreased activity in the past couple of days. Daily transactions being processed on the protocol plummeted from 4.77 million on Feb. 14 to just 54,640 on Feb. 17.
Most of the coins are coming back to the green zone after a bearish market opening.
Major news just broke out regarding the U.S. wing of the world's largest cryptocurrency exchange, Binance. In the last couple of years, the activity of Binance US, and the black-and-yellow exchange broadly, has been significantly shredded due to regulation and law enforcement implemented by the previous SEC administration.
A new study sheds light on the common phenomenon of cryptocurrency tokens experiencing sharp price declines after achieving all-time highs. The research identifies key factors contributing to both the rise and subsequent fall of popular digital assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).
Shiba Inu Price faces mounting pressure as market corrections continue to impact its performance. The popular meme-based coin has experienced volatility over the past month.
Despite the lack of action on the cryptocurrency market lately, there is still a lot going on behind the scenes of the price charts, especially in the on-chain realm.
The pseudonymous marketing lead of the Shiba Inu team, famous on social media as Lucie, has taken to the X network (formerly popular as Twitter), to issue a crucial message to the SHIB army and assure them that SHIB and all other Shibarium tokens are likely to have a bright future.
Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector's future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.
The meme coins have noted massive volatile trading lately amid a broader crypto market downturn. Notably, top players in the segment like DOGE, PEPE, SHIB, FLOKI, and others have also gone through a topsy-turvy lately, sparking market concerns.
Coinbase adds Solana and Hedera futures, as SEC reviews Solana ETF applications, potentially shaping future crypto market trends.
Shiba Inu, once a leading meme coin, is currently facing a prolonged downtrend. The price has continued to struggle with recovery, and the lack of upward momentum is causing concern among both current holders and potential investors.
Coinbase has launched CFTC-regulated futures contracts for Solana and Hedera while the SEC reviews spot crypto ETF applications under new leadership that may change traditional approval requirements.
Bitcoin (BTC) briefly dipped below $95,000, falling to a low of $93,487 before recovering and moving to its current level of $95,100. The flagship cryptocurrency has been down almost 1% over the past 24 hours, with sentiment further dampened after the odds of a US strategic reserve drop on Polymarket.
Prominent blockchain tracker Shibburn has revealed an impressive rise shown by the SHIB burn rate over the last day. A large amount of meme coins were burned to reached it.
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Shiba Inu has finally reached a level that might become a foundation for a proper price reversal. Following the death cross, the price action suggests that SHIB could be around the bottom.
Shiba Inu (CRYPTO: SHIB) has exhibited a lackluster price action over the last month, but a few crucial technical indicators tied to the dog-themed cryptocurrency signaled a rebound. What happened: The world's second-largest meme coin by market capitalization was in the middle of a corrective phase, falling over 3% over the week and around 25% in a month.
Coinbase exchange has unveiled CFTC-regulated futures for Hedera and Solana. The launched offerings have introduced more crypto products to institutions in the U.S. market.
Shiba Inu started 2021 at just $0.0000000001; SHIB surged to an all-time high of $0.00008845 by October 2021. This marked an astonishing 52,500,000% increase. Those who spent $1,000 in SHIB at the beginning of 2021 would have been able to buy around 5.9 billion tokens.
Shiba Inu (SHIB) hasn't returned to normal after weeks of losses. Despite intermittent rallies, the asset is under selling pressure, and technical signs suggest a likely further decline. Does SHIB plan to correct or reverse? Analysts say three major caution signs indicate that it is not currently a good buy.
The U.S. SEC has officially acknowledged Grayscales application to convert its XRP Trust into an ETF, marking a significant milestone despite not guaranteeing approval. ETF analyst Nate Geraci called the move an enormous message, as the SEC continues its legal battle with Ripple, recently filing an appeal in the ongoing case.