Shiba Inu: 5,000,000% value increase and a guarantee of 2021 repetition are…

Digital asset investment products logged the fourth week of consecutive inflows last week. There has been a significant increase in investments in short-bitcoin, indicating that a substantial number of investors remain uncertain about the future trajectory of the market. Inflows into digital asset investment products totaled $76 million last week,...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Dogecoin was bullish. The lower timeframe analysis showed $0.085-$0.09 to be a support zone. Bitcoin [BTC] continued to trade beneath the $23k mark. While...

The BNB community voted to deploy Euler on the chain. Investors’ portfolio was doing pretty much better than last year’s hawkish state. On 8 February, Binance CEO Changpeng Zhao (CZ) shared a snapshot showing details of the Binance Coin [BNB] Chain’s proposed deployment of Euler. According to the shared link, the BNB Chain foundation had agreed to deploy Euler on the chain.

SUSHI Vesting Merkle Tree Clawback passed implementation with over 99% support. A few metrics and market indicators were bullish, but SUSHI’s daily chart was red. On 6 February, SushiSwap [SUSHI] announced that its proposal for Sushi Vesting Merkle Tree Clawback got approved for implementation. Realistic or not, here’s SUSHI’s...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binance Coin formed an ascending triangle pattern. It faces stiff opposition at the $330 mark, but buying pressure was ticking higher. Binance Coin [BNB] posted steady gains throughout...

The Sandbox saw close to 100 million inflows into exchanges in recent days. The token unlock event coming up in a few days might be a motivating factor. The value of The Sandbox [SAND] increased significantly at the start of 2023. Nevertheless, price movement has slowed recently, and a review of several crucial parameters revealed that some significant events for the game token might take shape.

Ethereum network’s validator numbers remained steady despite bear market. Decreased whale interest, network growth, velocity, and trader sentiment raised concerns. Validators on Ethereum [ETH] could play a significant role in the network’s future. New data on 6 February suggested that the number of new validators added to the network remained constant in 2022, even during the bear market.

Despite beating Ethereum, BNB’s DAU was declining. BNB’s RSI and stochastic were overbought, which was bearish. Binance Coin [BNB] outperformed the king of altcoins, Ethereum [ETH], by a huge margin in terms of daily active addresses. As per CoinMarketCap, BNB’s daily active users exceeded 815,000, while Ethereum and Polygon [MATIC] reached 344,000 and 277,000, respectively.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP consolidated beneath the highs of a range over the past three weeks. This consolidation can see a breakout provided Bitcoin defends $22.3k. Ripple [XRP] saw some volatility...

AGIX topped social volume among all assets in the seven days. The token direction might continue in an upturned despite being overbought. Blockchain-powered AI token SingularityNET [AGIX], on the premise of the ChatGPT adoption, increased 680% in the last 30 days. Yes, the surge in value may not be surprising as it’s not the first time that breakthroughs in other sectors impact tokens linked with them.

The count of mini BTC addresses has shot up in the last month. Price chart reading showed that buying pressure has weakened over time. Since Bitcoin’s [BTC] price regained the $20,000 mark, the count of BTC addresses that hold 0.1 BTC increased, data from Santiment revealed. According to the...

A16z could have been the group influencing most Uniswap proposals. The protocol’s founder had not answered to the allegation but UNI dropped 5%. Recently, Uniswap [UNI] holders who have stuck to the protocol for a long while might need clarity on the operational model of the project. The reason...

Lido highlighted improvements in many areas. LDO surged while network growth declined. Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%.

The troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors. Hodlnaut’s FTX accounts held 514 Bitcoin (BTC), 1,395 Ether (ETH), 280,348 USD Coin (USDC) and 1,001 FTX. As per a recent Bloomberg report, the troubled Singaporean cryptocurrency lending...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe market structure remained bullish. Demand is likely to be seen on a dip to $22.7. Solana traded within a range formation. Longer-term investors have reasons...

Ripple’s development head held the firm’s ground on the global reserve currency proposal. XRP’s momentum drifted towards the reds. A section of the Ripple [XRP] community has long hoped for approval for the token’s buyback proposal since 2021. But all that desire may now be a pipe dream as the project’s Chief Technology Officer (CTO) put a nail to the coffin.

The SOPR ratio positioned closer to the market bottom as the TRIX signaled an incoming uptrend. BTC holders adhered to self-custody despite January’s profit-taking offer. Bitcoin [BTC] showed immense prowess after the U.S. Federal Reserve Board raised interest rates by 25 basis points. Initially, the king coin led the crypto market decline, but this only lasted a few hours as bulls took back control.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour market structure is bearish. Buyers can await a deeper pullback, while sellers watch the $1680 mark. Ethereum has shown substantial volatility over the past week as...

Polkadot closed Q4 2022 with a growth in its user activity. Despite the launch of nomination pools, staking on the network fell. Polkadot, the Layer 0 blockchain network, ended Q4 2022 with a surge in user activity, according to a recent report by Messari. Despite the unexpected fallout of the cryptocurrency exchange FTX, Polkadot’s user base continued to grow.

South Korea’s financial regulator has issued a set of guidelines outlining which types of digital assets will be considered and regulated as securities in the country. In a press release shared on 6 February, the Financial Services Commission (FSC) of South Korea has issued a set of guidelines outlining which types of digital assets will be considered and regulated as securities in the country.