Shiba Inu’s SHIB token extends Monday's surge as bitcoin breaks through a key resistance level. By shauryamalwa
A Shiba inu, the dog breed that inspired SHIB.
Bitcoin and ether, the two largest cryptocurrencies, added about 3% in the past 24 hours even as tokens of layer 1, or base, blockchains Solana and Polkadot fell 2.5%,Among other majors in the same period, Cardano’s ADA jumped 2% while binance coins were little changed. AVAX tokens surged 10% on the back of strong fundamental activity on Avalanche, which processed overSHIB extended Monday's surge. The token has gained 43% from Sunday’s low of $0.000022. Tokens exchanged hands at $0.
“The Bitcoin chart continues to paint a bullish picture,” said Alex Kuptsikevich, an analyst at FxPro, in an email to CoinDesk. “With the price at $45,000 on Tuesday morning, BTC is trading above the 50-day moving average just above the mid-January pivot area.” Not everyone is betting on a continued rise, however. Some traders noted that institutional activity, such as profit-taking, in traditional markets could cause a similar effect in the crypto market because various asset classes are correlated.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu (SHIB) Price Rockets 25%, Outperforming Dogecoin (DOGE)Shiba Inu has recovered more than 70% from its multi-month low of $0.00001704
Read more »
Shiba Inu (SHIB) Explodes 22% Daily, Other Memecoins FollowShiba Inu leads the markets over the past 24 hours. SHIB exploded by more than 22%, and other memecoins also followed suit.
Read more »
Shiba Inu's SHIB Rockets 26%, Leads Memecoin GainsShiba Inu-themed tokens jumped as much as 26% leading the gains in memecoins amid a broader recovery in the crypto markets By shauryamalwa
Read more »
SHIB Whales Increase Value of Holdings by 27% as Shiba Inu Clinches Most Traded TokenSHIB is presently the most traded token by the top 1,000 ETH whale wallets ShibArmy Friendshibs Shiberse
Read more »
Top 100 SHIB Holders Control Over 25% of the Total Shiba Inu SupplyOn-chain data shows that the 100 largest SHIB token holders control over 25% of the Shiba Inu coin's total supply.
Read more »
Is Shiba Inu overheating after SHIB price gains 75% in two weeks?Is Shiba Inu set for another bull run or is it just a mirage? SHIB’s price gains 75% in two weeks, but bearish signals are appearing.
Read more »