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As the Shiba Inu (SHIB) community braces for the highly anticipated launch of its blockchain-based identity solution, market enthusiasts are keenly watching the potential ripple effects on SHIB’s valuation by the end of November.  The clandestine nature of the announcement, shared on October 28, has not prevented an air of expectancy from building around the SHIB identity initiative, which is slated to roll out imminently—72 hours from the initial teaser.  The Shiba Inu developers remained tight-lipped about the finer details of the project but released a teaser video fueling speculation that the identity solution could intertwine with several Shiba Inu-centric initiatives. Tagged by the SHIB team as a potential game-changer for the crypto world, traders await with conjecture on its market impact.  Cryptocurrency 3 cryptocurrencies with the biggest gains in October Cryptocurrency Cardano tops developer activity charts in October leaving ...

Bitcoin (BTC) price rose sharply to $35k, its highest price since May 2022. The skyrocketing prices came as new speculation about a spot Bitcoin ETF approval hit the market. Analysts say BTC could break to $40k or higher. Bitcoin price skyrocketed early Tuesday to hit highs of $35k for the first time in nearly 18 months. The BTC price’s sudden surge began late Monday when fresh news hit the market regarding the imminent approval of a spot Bitcoin ETF. Bitcoin skyrockets to $35k Unlike the previous ETF-triggered spike that faded just as quickly after it was the news was proved to be fake, this time BTC/USD smashed past the robust resistance at $32,800. The pump above this hurdle invalidated a bearish signal as the bellwether crypto asset to above $35k for the first time since early May, 2022. Analysts are predicting further gains to $40k if bulls hold prices above the $31k level. This outlook could indicate strength for bulls and set up BTC for another...

Chainlink (LINK) price has surged more than 23% in the past week. On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. Chainlink (LINK) price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a positive broader crypto market. The price of LINK was up 13% in the past 24 hours and 23% in the past week at the time of writing. But as LINK price eyes a retest of the $10.00 level, analysts looking at on-chain data say traders are likely to benefit if they watch out for whale activity. Why has LINK price been soaring? Chainlink, whose oracle network is seeing staggering adoption, including after its Cross-Chain Interoperability Protocol (CCIP) went live, has been one of the top performers in the crypto market amid the latest bullish sentiment. According to on-chain analytics and smart money account Lookonchain, the surge in L...

BTC price has various reasons to return to $20,000, from a "head and shoulders" pattern to a FUD-induced cascade, Bitcoin analysis warns. Bitcoin (BTC) hit six-week highs to start October, but some forecasts still see a BTC price return to $20,000. While up around 6% since the start of last month and now circling $27,500, Bitcoin is not fooling many with its current price behavior. Analyst: October "should be bearish" for Bitcoin later on BTC price strength in recent weeks has many market participants hoping for a push to — and even through — $30,000 resistance. For some, however, there remains every reason to be cautious. In X analysis published on Oct. 2, popular trader and market analyst CryptoBullet reiterated that $20,000 is still very much on the radar as a BTC price target. The latest trip to $28,600, he argued, is now forming the right hand shoulder of a classic “head and shoulders” chart pattern — with downside logically due to follow if it completes. “S...

As the global crypto market capitalization fell below the $1.15 trillion mark, Bone ShibaSwap (BONE) witnessed notable highs and lows over the past week.  BONE, ShibaSwap’s governance token, registered a 17% loss over the past week and plunged by 13% in the past 24 hours alone. While the downward movement continues, Bone whales have been making accumulation moves. BONE price, whale activity, active addresses, and exchange outflow – Aug. 17 | Source: Santiment According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BONE have doubled over the past two days — rising from only 19 trades on Aug. 15 to 38 transfers on Aug. 16. You might also like: BONE sees 25% weekly gains as daily addresses surge Moreover, Santiment data shows that BONE’s exchange outflow has doubled in the same timeframe — surging from 1.18 million tokens to 2.36 million over the past two days. Quite similarly, the num...

The top eight meme coins have seen their trading volumes rise significantly over the past 24 hours, while the global crypto trading volume has doubled over the last two days. The 24-hour trading volume of the crypto market was around $20 billion on June 19, but it currently stands above the $48 billion mark as many of the significant cryptocurrencies surge. You might also like: Canadian regulator warns against crypto companies with fake approval Moreover, the meme coins market capitalization and trading volume have hiked notably over the past day. According to data provided by CoinMarketCap (CMC), the asset class witnessed a nearly 4% rise in its market cap, reaching $14.92 billion at the time of writing. Per the data, the meme coin trading volume climbed to the $780 million mark, showing a 49% rise. Of this tally, over $581 million of the trading volume belongs to the top three meme assets — dogecoin (DOGE), shiba inu (SHIB) and pepe (PEPE). According to CMC, the 24...

Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers. Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action rebounds from stocks slump Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp - a new May high. The pair had dipped with United States equities at the Wall Street open the day prior, but the weakness was short lived as $29,000 support returned. Ongoing market jitters from the U.S. banking crisis, now impacting several regional banks, continued to shape observer sentiment. What are we drinking this weekend, left or right bank? pic.twitter.com/Mp2yXcI2Fa — Arthur Hayes (@CryptoHayes) May 4, 2023 “100% of all regional Banks in the United States have their stocks in the red today, for the first time ever,” crypto media account Whalewire noted on Twitter....

Bitcoin continues to benefit from unfolding nerves over U.S. bank stability as a BTC price short squeeze becomes possible once more. Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had begun its comeback after the April 25 Wall Street open amid fresh concerns over United States bank stability. These came as First Republic Bank reported a dramatic fall in deposits, its share price tanking 50% on the day. A familiar catalyst for crypto markets, the banking crisis reminded investors that it had gone nowhere since March, with crypto sources already predicting its next chapter. When this bank bites the dust, probably later this week, we will be closer to the mrkt realising the entire US ba...

Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade. Ethereum's Ether (ETH) token has entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC).  On April 18, the widely-tracked ETH/BTC pair reached 0.0709 BTC, up about 15% from its local bottom of 0.0602 BTC six days ago. Now, the pair eyes a run-up toward 0.075 BTC by June, based on the fractal setup previously discussed here. ETH/BTC daily price chart. Source: TradingView Ethereum's Shapella FOMO Interestingly, Ether's local bottom formation versus Bitcoin occurred on the day of Ethereum's long-awaited Shapella upgrade. The hard fork enables Ether stakers to withdraw their rewards — around 1.1 billion ETH — from Ethereum's proof-of-stake smart contract. This update may have boosted ETH's appeal compared to BTC, beating anticipations that a freshly unlocked Ether supply would increase sell-pressure. Stakers have wi...

ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed. Ether's price (ETH) reached $1,400 on March 10, which proved to be a bargain as the cryptocurrency rallied 27.1% until March 21, at the time of writing. However, the three reasons that supported the price gain, including correlation with tech stocks, its increasing total value locked and its deflationary token economics, all suggest that the path to $2,000 is set in stone.  There are numerous explanations for Ether's 19.4% decline over the past six months. The Shanghai hard fork upgrade was delayed from March to early April and after Shanghai, Ethereum's roadmap includes the "Surge," "Verge," "Purge," and "Splurge" updates. In reality, the longer these intermediate steps to achieve scalability take, the greater the likelihood that competing networks will demonstrate efficacy an...

Strong U.S. equities and a floundering dollar normally serve to boost BTC price action — but Silvergate is the elephant in the room. Bitcoin (BTC) stayed lower into the weekend as ongoing problems at Silvergate bank pressured markets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bad news holds Bitcoin back Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering at around $22,350 on March 4. The pair had managed to avoid further losses after the initial shock around Silvergate wiped 5% off spot price in minutes.  With United States equities delivering a strong finish to the week, however, Bitcoin and altcoins remained unable to capitalize on what traders argued would normally be an opportunity for gains. "Most global equity indices have now printed higher lows…," popular commentator Tedtalksmacro wrote in part of an update overnight. "If it weren’t for the silvergate fears, BTC would be primed to breach the highs above 25k next week....

Bitcoin can see its market cap increase 500 times over, Jesse Myers believes, thanks to its inherent scarcity and other traits. Bitcoin (BTC) can hit $10 million per coin or more as it eats 25% of the global wealth , new Analysis has concluded. In a blog post released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target. Myers: "Bitcoin could 500x over the coming decades" Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory, Myers says. Analyzing Bitcoin’s value proposition, he argues that Bitcoin’s ability to appreciate over time means that it is all but destined to suck in value from other asset classes. Among other reasons, this is because an asset with such appreciation characteristics and increasing scarcity allows it to fulfill the role of “digital gold.” “Bitcoin has an unthinkable property: it gets more valuable over time. Gol...