• Shiba Inu has seen losses of 6% in the past 24 hours, resulting in Litecoin regaining its position over the meme coin in terms of market cap.
• SHIB is currently trading around $0.00001132, down 8% in the past week, while Dogecoin has observed a decline of less than 2%.
• Bitcoin has recorded profits of 7% in the same period.
The crypto market has been on a roller coaster ride in the past few days, with the top cryptocurrencies seeing a mix of both losses and gains. One particular coin that has seen losses recently is Shiba Inu, the meme coin that had been flipped by Litecoin in terms of market cap recently.
At the time of writing, Shiba Inu is trading around $0.00001132, down 6% in the past 24 hours. This comes after the coin had been on an upward trend since the beginning of the month, with SHIB recording a 40% increase in value year-to-date. Despite the recent losses, the coin is still up 8% in the past week.
For comparison, rival coin Dogecoin has only seen a decline of less than 2% in the same period, while Bitcoin has recorded profits of around 7%. This begs the question of what caused Shiba Inu to suddenly plummet in price.
According to crypto whale tracker service WhaleStats, Shiba Inu has been the most traded token among the top 100 Ethereum wallets. This could be a sign that large-scale investors may have been cashing out of the coin, leading to the sharp drop in price. Additionally, the coin’s low liquidity could also be to blame, as this means that even small trades can have a significant impact on the coin’s price.
Despite the recent losses, it is important to note that Shiba Inu is still up 40% since the beginning of the year. Additionally, the coin’s price still remains significantly higher than it was back in April when it was trading around $0.0000065. So while the short-term is looking bearish for SHIB, the long-term may still be bullish for the coin.
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1. The study found that having a positive attitude towards aging can help people live longer and healthier lives.
2. The study participants with positive aging attitudes had fewer deaths from cardiovascular disease and cancer, and fewer disabilities in old age.
3. The participants with negative aging attitudes had more health problems and experienced more disabilities as they aged.
A recent study has found that having a positive attitude towards aging can have profoundly positive effects on health and longevity. The study involved a large sample of adults over the age of 65, and the researchers looked at their attitudes towards aging and their overall health. The results showed that individuals with a positive attitude towards aging had significantly fewer deaths from cardiovascular disease and cancer, and fewer disabilities in old age. In contrast, the participants with negative attitudes towards aging had more health problems and experienced more disabilities as they aged.
The study’s findings suggest that having a positive attitude towards aging can have tangible health benefits. The researchers believe that this is because positive attitudes towards aging can inspire older adults to take better care of themselves and to be more active. In addition, having a positive attitude can boost mental health and well-being, which can have a positive impact on physical health. The study’s authors believe that their findings can help to improve the lives of older adults by encouraging them to adopt a more positive attitude towards aging.
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• Bitcoin has not reacted negatively to the news of Genesis filing for bankruptcy and continues to trade around the $20,900 level.
• This suggests that the price of the digital asset is where it is supposed to be, and it would take a true market-disrupting event to trigger another downtrend for BTC.
• This means that a fall below $20,000 could be farther away than the bears would like, putting the cryptocurrency in a position for more upside rather than decline.
The news that Genesis, one of the world’s largest crypto lenders, has filed for bankruptcy came as a shock to many in the crypto space. However, despite the dire circumstances, Bitcoin has proven resilient and appears to be unfazed by the news. The digital asset continues to trade around the $20,900 level, suggesting that the price of the digital asset is where it is supposed to be and that it would take a true market-disrupting event to trigger another downtrend for BTC.
Genesis had been considering filing for bankruptcy for quite some time and had been exploring its options. This means that the bias and fear that such news would carry has already been digested by participants in the space, and thus the price of bitcoin has not reacted negatively. This could indicate that the news was already priced into the asset, and as such, there is more support for the current bull rally.
The lack of negative movement from bitcoin in response to the news of the Genesis bankruptcy could cement the digital asset’s path to the upside in the coming weeks. This suggests that a fall below $20,000 could be farther away than the bears would like, putting the cryptocurrency in a position for more upside rather than decline. As such, investors should be on the lookout for any potential opportunities that could arise as a result of the news.
Overall, the news of the Genesis bankruptcy has not had a major impact on the price of bitcoin. This lack of negative movement could mean that the digital asset is heading for more upside in the near future, with the potential for a dip below the $20,000 level becoming increasingly unlikely. As such, investors should be sure to stay alert for any potential opportunities that could arise from the news.
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• Shiba Inu (SHIB) is set to launch its eagerly awaited layer 2 scaling solution Shibarium on Valentine’s Day, February 14.
• SHIB has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at $0.00001249.
• BitStarz Player Lands $2,459,124 Record Win!
The crypto market is eagerly awaiting the launch of Shiba Inu (SHIB)’s layer 2 scaling solution, Shibarium, and the lead developer, Shytoshi Kusama, has hinted at a Valentine’s Day launch date.
Kusama revealed the date in his Twitter bio, writing: „Tending the Pine Tree of Life. Quickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.“ This was an unmistakable clue that the beta version of Shibarium will be released on February 14th.
The anticipation of the launch has already had an effect on SHIB’s price, as it has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at $0.00001249. Trading volume was around $305 million within the last 24 hours, representing a -55% decrease against the previous time period. Year-to-date (YTD), SHIB is up about 43% at the current price, the highest level since early November 2022.
This launch comes on the heels of a record-breaking win by a BitStarz Player, who landed a $2,459,124 jackpot on the popular online casino. This has been a great start to the year for the crypto market, with SHIB’s upcoming Shibarium launch adding to the excitement.
Many in the crypto community are looking forward to the launch of Shibarium, as it will provide much-needed scalability solutions for SHIB. With Valentine’s Day just around the corner, the Shiba Inu community is hoping that Kusama’s cryptic clues are true and that they will soon be able to enjoy the benefits of the new layer 2 scaling solution.
In the meantime, the crypto market is abuzz with the news of the massive BitStarz win, and with SHIB continuing to rise in price, it looks like 2021 is off to a great start for the crypto world.
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• According to the latest weekly report from Glassnode, Bitcoin broke through all three realized prices of the market back in April 2019.
• The realized cap is a capitalization model for Bitcoin that values each coin in circulation at the price it was last transacted.
• All investors in the market can be divided into two major cohorts: the „short-term holders“ (STHs) and the „long-term holders“ (LTHs).
As Bitcoin continues its strong rally, $22,400 could be the level to watch next, if this on-chain metric is anything to go by. To understand why, it is important to first understand the concept of „realized price.“ Realized price is derived from the realized cap, which is a capitalization model for Bitcoin that values each coin in circulation at the price it was last transacted. This is different from the usual market cap, which puts the value of all tokens at the same current price of Bitcoin. When the market cap is divided by the total number of coins in circulation, the BTC price is obtained. However, if the same idea is applied to the realized cap, a sort of „realized price“ can be derived. The significance of this price is that it is the cost basis of the average holder in the Bitcoin market.
The implication of this is that if the (normal) price of BTC declines under this realized price, the average investor can be thought to have entered into a state of loss. All investors in the market can be divided into two major cohorts: the „short-term holders“ (STHs) and the „long-term holders“ (LTHs). The former includes investors who acquired their coins less than 155 days ago, while the latter are those who held their coins for longer than 155 days. According to the latest weekly report from Glassnode, the long-term holder realized price of Bitcoin is currently around $22,400, meaning that if Bitcoin’s price drops below this number, the average long-term holder may be in a state of loss.
Therefore, it appears that $22,400 could be the level to watch next for Bitcoin. If the price of Bitcoin falls below this level, then the average long-term holder may be in a state of loss. However, if the price of Bitcoin continues to rise, then it could be a sign of further bullish momentum for the market. Whatever the case may be, it is clear that the realized price of Bitcoin could have a major impact on the future of the market.
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• Crypto.com, a Singapore-based crypto exchange platform, has announced that it will be cutting 20% of its workforce.
• The layoffs come as a result of the current economic headwinds and industry situation.
• The exchange platform had previously laid off 260 employees in 2022, accounting for nearly 5% of its workforce.
Crypto.com, a Singapore-based crypto exchange platform, has announced that it will be cutting 20% of its workforce. The layoffs come as a result of the current economic headwinds and industry situation. This will be the second major layoff carried out by the company. Crypto.com had previously laid off 260 employees in 2022, accounting for nearly 5% of its workforce.
The decision to fire employees has been attributed to the broader market weakness and the FTX crash. The crash caused a misappropriation of customer funds and eventually bankruptcy, which has gone on to affect the industry considerably. Crypto.com CEO Kris Marszalek stated: “We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.”
The exchange platform has not specifically mentioned the positions that were laid off. However, it is clear that the decision to fire employees was difficult for the company. In a blog post, Crypto.com Co-Founder and CEO Kris Marszalek mentioned that the platform must let go of 20% of its current employees. He also said that the company has taken steps to ensure that the layoffs are as minimally disruptive as possible.
The crypto industry has been hit hard by the recent wave of layoffs. Crypto.com is not the only company affected by the situation. Several other companies in the space have also had to let go of employees in order to stay afloat. Despite the difficult situation, Crypto.com says that it continues to perform well and that it has sufficient reserves for every single coin that the platform holds.
The decision to cut staff is a difficult one and it will be interesting to see how the company fares in the coming months. Despite the layoffs, the company remains optimistic about its future and is committed to providing the best service to its customers.
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• The Cardano Ecosystem team is releasing a software toolkit to let developers build their own sidechains.
• The toolkit will enable developers to select their consensus process and deploy decentralized applications, create smart contracts and transfer tokens between testing chains.
• IOG developers have already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet.
The Cardano Ecosystem team is hard at work to bring exciting new features and tools to the blockchain space. This month, they are set to release a software toolkit that will give developers the power to build their own sidechains. This is a major step forward for the blockchain industry and will open up a whole new world of possibilities.
The toolkit will enable developers to select their own consensus process. This is important for developers who want to experiment with different consensus algorithms, such as proof of stake or proof of work. It will also enable them to deploy decentralized applications, create smart contracts, and transfer tokens between testing chains.
The official technical documentation for the sidechain toolkit has already been released and IOG developers have used it to create a proof of concept on a public testnet. This is a fully compatible Ethereum Virtual Machine (EVM) sidechain and once the audit is complete, developers will be able to start using it to deploy their applications and smart contracts.
In addition to its sidechain capabilities, the toolkit also includes a number of other application-specific features. These include the ability to create custom tokens, launch decentralized exchanges, and develop custom consensus protocols.
The release of the sidechain toolkit is a major step forward for the Cardano ecosystem and opens up a world of possibilities for developers. It will enable them to create their own custom sidechains and explore new use cases for blockchain technology. With this toolkit, developers will be able to take advantage of the power of sidechains to build more scalable and secure applications.
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• Cardano’s ecosystem team is releasing a software toolkit that developers can use to build their own sidechains.
• The toolkit will allow developers to select their consensus process and deploy decentralized applications, create smart contracts, and transfer tokens between testing chains.
• Input Output Global (IOG) has already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet.
The Cardano ecosystem team is gearing up to launch a software toolkit that will provide developers with the capability to create their own sidechains. Developed by Charles Hoskinson’s team at Input Output Global (IOG, formerly known as Input Output Hong Kong (IOHK)), the toolkit is equipped with technical documentation for developers to utilize when building their sidechains.
The toolkit will allow developers to select their consensus process, which is essential for the functioning of any blockchain. It will also enable users to deploy decentralized applications, create smart contracts, and transfer tokens between different test chains. IOG has already implemented the toolkit to build a proof of concept on a public testnet that is compatible with the Ethereum Virtual Machine (EVM) sidechain.
The ecosystem team is currently conducting an audit of the toolkit to make sure it is secure and functional. Once the audit is complete, developers will be able to utilize the toolkit to create their own sidechains. This will provide an array of opportunities for developers to explore and create new applications for Cardano’s blockchain.
Cardano is a blockchain platform focused on offering scalability, interoperability, and security. The platform already has a wide range of applications and is looking to expand further with the introduction of the sidechain toolkit. This will enable developers to create their own applications on the platform without having to worry about the complexity of building a blockchain from scratch.
The sidechain toolkit is a major step forward for Cardano, as it will open up new possibilities for developers to explore and create innovative applications on the platform. With the toolkit, developers can now create sidechains of their own and test various features on them, which will help them to better understand the blockchain technology.
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• Ethereum has rallied above $1,400 today, due to on-chain data which shows ETH sharks have been accumulating recently.
• The current number of shark addresses in the market is the highest since February 2021.
• The “ETH Supply Distribution” metric for the 100-10,000 coin group has observed an uptrend in recent weeks.
Ethereum has been on a steady climb today, with the world’s second largest cryptocurrency rallying above $1,400. This surge in price has been attributed to on-chain data which shows that ETH sharks have been busy accumulating recently.
According to data from the on-chain analytics firm Santiment, the current number of shark addresses in the market is the highest it has been since February 2021. These addresses belong to the 100-10,000 coin group, which translates to around $140,000 and $14 million. While Ethereum whales are considered to be the most influential group of investors, sharks can also play a significant role in the market.
The “ETH Supply Distribution” metric for the 100-10,000 coin group has been steadily increasing in recent weeks. This indicates that the number of addresses in this group have been rising as well, which could be a result of the ETH sharks accumulating coins. The sharks have been accumulating Ethereum with the intent of profiting from the current bullish market.
Ethereum’s price is likely to continue to climb if the on-chain data continues to show increasing interest from the sharks. The presence of these investors suggests that the current bull market is likely to continue, and Ethereum could be headed for further gains in the near future. It remains to be seen whether these whales and sharks will be able to sustain the current rally, but for now, Ethereum’s price looks poised to continue its upward trajectory.
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• Ethereum has rallied above $1,400 today, as on-chain data shows ETH sharks have been busy accumulating recently.
• The “ETH Supply Distribution” metric indicates that the number of shark addresses in the market is the highest recorded since February 2021.
• The 100-10,000 coins cohort, which consists of two separate groups (100-1,000 coins and 1,000-10,000 coins), has seen an increase in Supply Distribution value in recent weeks.
The world’s second-largest cryptocurrency, Ethereum, has seen a significant surge in its price over the past few weeks. On Wednesday, Ethereum reached a new all-time high of $1,400, as the crypto market continues to remain bullish.
This price surge appears to be driven by a surge in demand from “ETH sharks”, large-scale investors who hold large amounts of Ethereum. According to data from the on-chain analytics firm Santiment, the current number of shark addresses in the market is the highest since February 2021.
Santiment’s “ETH Supply Distribution” metric tracks the number of wallets that hold specific amounts of Ethereum within a certain range. Of particular interest is the 100-10,000 coins cohort, which includes two separate groups (100-1,000 coins and 1,000-10,000 coins). This metric has seen an increase in Supply Distribution value in recent weeks, indicating that ETH sharks have been accumulating more Ethereum.
This is a clear sign of bullish sentiment in the market, as large-scale investors are confident that Ethereum will continue to grow in the future. This confidence is further bolstered by Ethereum’s upcoming transition to a proof-of-stake consensus mechanism, which will drastically improve its scalability.
Furthermore, Ethereum’s recent surge has also been fueled by the increasing popularity of decentralized finance (DeFi) applications, which are built on top of the Ethereum blockchain. These applications allow users to earn interest on their digital assets, and have been growing rapidly in popularity.
All of these factors have combined to create a perfect storm of bullish sentiment, driving Ethereum to new heights. With the ETH sharks continuing to accumulate, it remains to be seen how high Ethereum can go.
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