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Shib 20% Rise Made Shiba Inu Flip CRV To Become Most Traded Token By 1000 Biggest Ethereum Wallets

Zabi
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Shib 20% Rise Made Shiba Inu Flip CRV To Become Most Traded Token By 1000 Biggest Ethereum Wallets

On Sunday, Shiba Inu’s (SHIB) price skyrockets 26% to $0.00002904, as the top 1000 Ethereum wallets begin to take an interest in the token.



The recent WhaleStats data reveals that the Shiba Inu token has just flipped Curve DAO Token (CRV) and become the most traded token by 1000 biggest ETH whale wallets. In addition, Shiba Inu (SHIB) is reportedly seen as the third biggest holding among Ethereum whales.

At the time of writing, each Ethereum whale, on average, is almost holding 55,267,322,781 Shiba Inu tokens, worth an average of $1,553,784.

With this sharp increase in price and massive interest of Ethereum Whales in the token, Shiba Inu also managed to break its 3-month-old downtrend and seems to form a bullish structure on the charts. Shiba Inu is expected to register a new all-time high price in this bull run; however, before achieving ATH, Shiba Inu has to clear two critical resistances, i.e., $0.000030 and $0.000060 first. During the last Bull Run in October, Shiba Inu managed to register its ATH price of $0.00008845. The ATH was recorded on October 28, 2021 (3 months ago), as per the data provided by Coin Market Cap.

Whale stats data also show that Giant whales control over a quarter of Shiba Inu’s total supply. According to recent data from WhaleStats, the top 100 whales currently holding Shiba Inu have controlled over a quarter (26%) of the cryptocurrency’s total supply.

Shiba Inu has recently stepped into the in-real-life business by announcing its deep-rooted partnership with Welly. Welly’s is said to be the first one-of-a-kind, SHIB-themed restaurant. Interestingly, this restaurant will be powered by Shib Community (aka Shib Army) and run on blockchain technology. The first restaurant is now open in Naples, a city in southern Italy, where people can order their favorite food.

Ripple (XRP) Holders To Receive Spark Token (FLR) Airdrop in March 2022

Mark Brennan
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Ripple (XRP) Holders To Receive Spark Token (FLR) Airdrop in March 2022

Following the delay in the airdrop distribution of Spark (FLR) tokens to Ripple (XRP) holders, Flare Network CEO has published an update on what is causing the delay. 



Hugo Philion, the co-founder and CEO of Flare, stated that the project is upgrading Songbird, its canary network before proceeding to airdrop eligible XRP holders with the FLR tokens. 

According to Philion, the upgrade, which is expected to be rounded up before the end of March 2022 is an important phase of the Flare Network’s launch, and the project is taking time to ensure everything goes smoothly. 

“With the final 2 protocols [of Songbird] required before Flare launch, [it] will allow us to proceed to Flare launch. A full roadmap to Flare launch will be released in the coming weeks,” Philion said in a recent tweet.  

Flare Network Airdrop

Recall that the XRP community has been anticipating the distribution of FLR to their wallets since last year. 

Since the airdrop exercise was announced in December 2020, the distribution has been postponed on several occasions despite Flare outlining the process of distribution. 

According to Flare, Ripple traders holding XRP in their accounts on various exchanges on the snapshot date of December 12, 2020 at 00:00 UTC will participate in the 100,000,000,000 Spark token airdrop. 

On the launch of Flare, eligible XRP holders will be airdropped 15% of their claimable FLR tokens in their various exchange accounts. 

Furthermore, eligible traders will be required to claim an average of 3% of their remaining FLR tokens monthly, which is expected to last for the next 25 or 34 months after the airdrop commences. 

While most XRP holders may not seem happy about the distribution process of the FLR tokens, Flare Network hinted that the process is designed to prevent negative impacts on the cryptocurrency when it goes live.  

Philion disclosed that the project is already communicating with top trading platforms to meet the requirements for the upcoming airdrop. 

“With regards to exchange distribution of FLR tokens, we have reached out to the largest exchanges to get full definition on what they require in order to distribute the token so that Flare meets those requirements,” Flare CEO added. 

Coinbase has already disclosed plans to support the Flare Network’s token distribution process. 

Spark is Flare Network’s native token designed to offer smart contract functionality to different blockchains, including Ripple and Litecoin. 

Flare is also tipped to integrate Cardano (ADA) after XRP and LTC, following its 2021 Twitter poll that saw a majority of people favor the seventh-largest cryptocurrency. 

Top Crypto Analyst: ‘Ripple Will Explode After SEC Lawsuit, If You Are Waiting For Outcome You Will Be Too Late’ 

Albert Brown
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Top Crypto Analyst: ‘Ripple Will Explode After SEC Lawsuit, If You Are Waiting For Outcome You Will Be Too Late’ 

The top crypto trader and analyst Credible Crypto says that the price of Ripple will not remain affordable once ripple can settle with SEC.



According to the leading trader, the price of Ripple will skyrocket since the lawsuit with US Securities and Exchange Commission (SEC) is concluded.

In an interview with Thinking Crypto, Credible Crypto said that Ripple technical indicators are not good; they show bearish signs. Still, XRP fundamentals make XRP a favorite to hold firmly.

According to him, it may be too late for those waiting for the outcome of the case before buying XRP because the ongoing lawsuit between Ripple and the SEC could eventually clarify the regulation of the XRP digital token, which is highly optimistic for the token.

According to Credible crypto, Technicals are yet not looking good.

“XRP does not look that great right now… I think that we’re probably going to go for these lows here ($0.50) and push into… this weekly level of demand that we have here. Again, this level is significant because, from this level, we saw a major move to the upside after what was essentially about six months of consolidation. So the origin of the point at which this consolidation starts to break, whether the upside or the downside, typically acts as support or resistance when revisited.

Credible explains why he still holds a large amount of Ripple.

“The reason I still hold such a massive amount of XRP despite the sluggish price movement is that I now view it as a hedge against the rest of the market.

If this SEC lawsuit ends – and I think it will, I don’t know when – but I think it will eventually end favorably for Ripple and XRP, and when it does end, XRP will essentially be the only crypto. -an asset with regulatory clarity to the United States.

Once the case is settled, you can expect the price of XRP to skyrocket. So if you are waiting to hear the outcome of the case to intervene, you will be too late. So, you are betting right now, and if your bet pays off and XRP wins, XRP will skyrocket.”

Recently Ben Armstrong, a famous crypto trader with a Youtube following of 1.45M and a Twitter following of 795K, stated that Ripple’s XRP digital token would make holders rich.

Recently, a Fox journalist brought up an extremely intriguing question; she asked that the SEC legal team declare Ripple non-security in 2018. What changed in 2 years made the SEC file a lawsuit against Ripple.

 

Number of Large Cardano (ADA) Holders Surge 15,000% Since December 2021

Mark Brennan
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Number of Large Cardano (ADA) Holders Surge 15,000% Since December 2021

The number of Large Cardano (ADA) Holders, holding between 10K and 1M ADA coins Surge 15,000% Since December 2021.



It is a popular belief that when the prices of cryptocurrencies fall, traders seize the opportunity to increase their holdings in different coins and tokens. 

Interestingly, that is the case of Cardano (ADA), the seventh-largest cryptocurrency by market capitalization, as adoption for the “Ethereum Killer” digital currency has surged tremendously in recent months. 

According to data published by Santment Feed, a data scientist that provides on-chain metrics for more than 2,000 cryptocurrencies, the number of addresses holding between 10,000 and 1,000,000 ADA coins surged by 15,000% since mid-December 2021. 

Furthermore, the data also suggested that nearly 3,900 addresses holding between 10,000 and 1,000,000 ADA have joined the network since this period.

 

The timeframe marks the period when the entire crypto market went through a major dip that resulted in price crashes of all cryptocurrencies, including bitcoin (BTC), ethereum (ETH), as well as ADA. 

Recall that after ADA peaked at $3.09 in early November, the value has dipped by over 60%, as the coin currently trades around $1.15 across major exchanges, according to data on Coingecko. 

Despite the market crash, Cardano enthusiasts are confident that things will turn around for good in the near future, given the numerous developments lined up for the project. 

Recently Per the stat, the number of wallets holding the ADA hit 3 million, representing a 12.24% increase from what was recorded last month.

Developments Fueling the Massive Purchase

With smart contract functionality enabled on Cardano late last year, the blockchain is tipped to become a home for developers seeking to take advantage of the network’s speed and scalability. 

Also, Cardano’s smart contract functionality has seen a number of decentralized exchanges (DEXs) considering launching on the network’s mainnet in the coming weeks. 

It is worth noting that the entrance of developers and the launch of DEXs on Cardano will foster the widespread adoption of ADA, thus causing its price to soar. 

The widespread adoption of ADA since mid-December suggests that traders are taking early positions in anticipation of what is to come for the seventh-largest cryptocurrency in the near future. 

 

CoinGecko Reveals Canadian Investors Keeping Eyes on Wonderland (TIME) Instead of Meme Coins

Zabi
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0
CoinGecko Reveals Canadian Investors Keeping Eyes on Wonderland (TIME) Instead of Meme Coins

CoinGecko has just released its “Top 10 Most Trending Crypto Coins” list for Canada. The list is released by CoinGecko based on data collected from January 29, 2021, to February 4, 2022.


The exciting thing is that no single meme coin made it to the list. Even the top 2 biggest meme coins in market capitalization, Dogecoin, and Shiba Inu, fail to impress Canadian Investors.

Wonderland (TIME) steals the show this time and can be seen as the top trending coin on the list, closely followed by King Bitcoin (BTC) and AstroSwap (ASTRO).

Ethereum was the fourth most trending crypto in Canada on CoinGecko, and LooksRare (LOOKS) stood below it at the fifth position. On the other hand, Cortex (CTXC) was seen as the sixth most-trending crypto on the website, while Fantom (FTM) took the seventh spot.

Polytrade (TRADE), Cosmos (ATOM), and Terra (LUNA) manage to occupy eighth, ninth, and tenth slots, respectively.

Wonderland (TIME) is trading at $351.80, showing massive gains of over 18% for the day. Despite these impressive gains, the 24-hours trading volume for the coin plunges over 42% to $$1,300,527.49 compared to the previous day, showing a lack of interest of buyers at higher prices.

An anonymous team created a wonderland. Being one of the most popular and successful Olympus DAO forks, TIME is the first decentralized reserve currency protocol available on Avalanche. Each unit of TIME is backed by different reserve assets like Magic Internet Money and liquidity tokens. This mechanism, copied from OHM, ensures that TIME has an intrinsic value it cannot fall below.

The interesting fact about the Wonderland coin is that its total supply has no cap, as TIME aspires to reach a stable valuation in the long term.

Global Crypto Market Trying To Reclaim $2 Trillion Market Cap, Making Strong Recovery After Widespread Selloff

Zabi
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0
Global Crypto Market Trying To Reclaim $2 Trillion Market Cap, Making Strong Recovery After Widespread Selloff

The global crypto market has experienced a widespread selloff in January.



A nightmare for many crypto enthusiasts, like most traders, was liquidated during the brutal Jan selloff.

On February 4, the crypto market made a strong recovery, suggesting that the downtrend is coming to an end and preparing herself to enter into the Bull Market in the coming days.

Readers have to note that the current recovery is more technical as no specific news or fundamentals support these notable gains.

The global market cap is trying to reach $2T market capitalization once again, currently standing at $1.9T, showing an impressive 9.60% gain compared to the previous day.

As per CoinMarketCap (CMC) data, the trading volume for the last 24-hours skyrocketed 45.17% to $94.33B. Most of the volume comes from stable coins like Tether (USDT), USD Coin (USDC), etc. They make 81.03% of the total crypto market volume; this shows that stable coins are heavily being used to buy crypto.

The total volume in DeFi currently stands at $13.00B, which makes 13.78% of the whole crypto market’s 24-hour volume.

The world’s biggest cryptocurrency, Bitcoin (BTC), is still maintaining its dominance in market capitalization, holding 41.26% of the total market cap.

Bitcoin has recently surpassed the 40K critical resistance level and is currently trading at $41,554.70, surging more than 9.95% for the day compared to the previous trading session. The King BTC is now up 23.2% from the year’s low of $32,950.72, registered on January 24.

Ethereum (ETH) rose nearly 8.65% to $3,032.40, and BNB jumped over 14.09% to $430.05. Cardano (ADA) rose over 9.47% to $1.17, and Solana (SOL) was up 11.07% at $117.24 in the last 24 hours.

Coming to the canine-themed meme coins, it is worth noting that they once again survived a worst-ever January selloff and also started to climb with Bitcoin (BTC). In the last 24-hours, Dogecoin and Shiba Inu prices go up 7.12% and 13.02%, respectively.

3 Crypto Games To Make Extra Earnings

Mark Brennan
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3 Crypto Games To Make Extra Earnings

Games have always been a form of entertainment enjoyed by human beings. They underwent several evolutions over time, moving from face-to-face games that required more physical skills, to the online world, deepening strategies, logical reasoning and so many other skills.



When looking at the most recent advances in games, we find crypto games most remarkable, which adopt the play-to-earn model, where players earn a financial return according to steps and tasks completed in the virtual environment.

Specifically, in 2021, crypto games stood out in the crypto-asset universe. Titles like Axie Infinity and Splinterlands enticed millions of players and as a result achieved strong valuations of their cryptocurrencies like AXS and with the vast majority of games created with the technology of non-fungible tokens, NFTs.

With the rise of NFTs, crypto games have surpassed the space of entertainment and fun and started to stand out as a form of investment, offering possibilities of high returns for players and investors. In this way, many people have joined online games with the aim of increasing income.

The specialist and professor of crypto assets often discuss stories of people who exchanged their traditional job for games and earned a good income that way. For those interested in getting into crypto games and earning money playing, three games represent a good opportunity.

Check out 3 crypto games that pay players

  • Axie Infinity

Axie Infinity is the first NFT game that can be considered the bitcoin of crypto games because it was the first to stand out. It received investment from companies such as Ubisoft, an electronic game company; and Samsung, through a fund managed by the company called Samsung Next. Another point to highlight is the game has 3 million active users a month and the game has managed to cross 3 billion dollars in trading volume to date.

With the success of Axie Infinity, AXS is now traded worldwide and, according to a recent survey, has risen by more than 100,000% between 2020 (the year of its launch) and 2021. Furthermore, according to an analysis carried out by Bacancy, which revealed the most searched NFTs games of 2021, Axie Infinity ranked first with 706,000 monthly global searches.

Bomb Crypto

The second game is Bomb Crypto, a game released in 2021 that was inspired by Bomberman, a successful title in the 1980s. In the game, participants need to collect the platform’s digital currency, called BCOIN. The initial cost to be able to join the game is 10 BCOIN (equivalent to buying 1 Bomber Hero). Currently, I BCOIN is trading around $1.54.

The game also has big investors like Reminato, Launch, Kardia, CyclicAds, and CoinLAB. To enter this crypto game, the initial investment required is not that expensive, but it is also not as solid as Axie Infinity.

Thetan Arena

Finally, the last game is Thetan Arena. Cryptogame uses blockchain technology to pay players in the play to earn model and surpassed 5 million players in December 2021 (its launch took place in November).

In this game, it is possible to play for free, this is because, unlike Axie Infinity, in Thetan Arena players can start playing without purchasing any NFT. However, those who enter investing an initial amount can achieve greater profitability.

Thetan Coin is the main in-game currency which can be achieved by playing game modes and participating n many other activities. Apart from Thetan coin Thetan Gem is an exclusive currency that makes players become investors.
Note: This article is published for information purposes only, Do Your Own research before investing in any finance-related instrument. Read our full disclaimer

Chainlink (LINK) Price Soars More Than 10% Today. Here’s Why?

Zabi
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0
Chainlink (LINK) Price Soars More Than 10% Today. Here’s Why?

Chainlink’s (LINK) price soars more than 10% for the day and is trading at $17.99 per coin, as LINK becomes the 9th top holding among 1000 Avalanche (AVAX) whales.


 

The top 1000 AVAX wallets are now holding a total of $5,461,306 worth of LINK coins in their wallets. This leads the LINK to become the 3rd biggest holding as 2.71% of the total AVAX whales’ portfolio comprises Chainlink.

Further digging deep into the data, we come to know that each AVAX whale is now holding $5,701 worth of LINK on average. This means 314 LINK coins are being accumulated on average by each whale in total.

In addition, AVAX whales also seem interested in using LINK smart contracts, as LINK is now the 2nd most used smart contract following Avalanche (AVAX).

Looking into the other holdings of the top 1000 Avalanche wallets, excluding AVAX, we find that their biggest holding is still in the form of USD Coin (USDC), a stable cryptocurrency, which makes 29.9% of value in total. This data from WhaleStats suggests that whales are looking to buy more of the LINK at more attractive prices in the coming hours, days, or weeks.

Floki Inu Launching Play To Earn Metaverse Game ‘Valhalla Battle Arena’

Zabi
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0
Floki Inu Launching Play To Earn Metaverse Game ‘Valhalla Battle Arena’

Floki Inu (FLOKI) seems to fulfill its promises one by one.



Following the recent announcement of the partnership with TechTree to build the Premier Crypto Educational platform Floki University, the Floki team recently declared that they would launch the first playable Valhalla Alpha Testnet in February 2022.

This launch will give Floki a significant first-mover advantage in a new market with an estimated worth eight trillion dollars in China alone, per Morgan Stanley:

“…… the nascent virtual space in China alone would become an $8 trillion market in the future — the same valuation fellow investment bank Goldman Sachs recently forecast the metaverse would be worth globally.”

According to the official medium blog post updated by Floki’s team, the die-hard fans of the Floki community (aka Floki Vikings) will be able to directly participate in the development of the entire Valhalla gaming metaverse via feedback at a critical point in the game’s development.

The team has also discussed some of the unique features available at launch for Valhalla Battle Arena Alpha Testnet. These features include:

  • “A prototype battle system involving two Vera (playable creatures): Bear Ver, Hat Vera.
  • Vera will move on a battlefield, making the game more intense, competitive, and tactical.
  • Vera’s moves will be location-based (e.g., not simply click and hit).
  • Vera will have up to five abilities, accessible through up-leveling.
  • Vera will have different personalities that affect hidden growth stats (these will be patched at a later date).
  • Vera will have three runes, each with a specifically associated ability (ultimate).
  • Kovan Testnet will be on optimism.”

The team also noted that people could use https://faucet.paradigm.xyz/ daily to accumulate tokens on testnet.

Shortly after launch, the features reported launching include Clan Subscription System, Leaderboard, Additional Vera, Additional Abilities, Additional Runes, and Additional Personalities.

The Floki team further noted that the prototype would be web-oriented. This decision is made so that early Floki adopters have the opportunity to play games on their desktops, integrated with MetaMask.

This playable Alpha is reportedly planned for testing purposes and is not the final version. For this reason, the feedback received from its community will be closely observed, and the Valhalla development team will update the game accordingly, including functionality and visual elements.

Jackie Xu (Lead Floki Developer) ‘said Valhalla will not be just another disjointed play-to-earn game — we’re ready to see what GameFi can do!’

Following the announcement, FLOKI’s price is seen to skyrocket over 26% for the day, and at the time of writing, the coin is trading at $0.00004345, with a 24-hour trading volume of $7,680,046.34, which increases 13.20% compared to the previous trading day.

Bitcoin Above $41K, Ethereum Above $3k, Short Positions Worth $300M Liquidated, Main Reasons Of Market Rise

Albert Brown
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Bitcoin Above $41K, Ethereum Above $3k, Short Positions Worth $300M Liquidated, Main Reasons Of Market Rise

Investors who bet against bitcoin were disappointed and lost money badly, as the world’s largest cryptocurrency clinched a sharp price recovery.



Bitcoin again crossed the $40,000, then 4th, for the first time in two weeks, as Wall Street volatility proved to be a boon for the most optimistic cryptocurrency investors.

Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair suddenly broke above $40K on Feb 4, just 2 hours after Wall Street started to deliver quick gains.

In the past 24 hours, Bitcoin has been able to jump from the 37K range to above 41K adding $4K racing above $41500 — an unexpectedly strong performance, which naturally caused short sellers significant pain.

According to Coinglass, bitcoin liquidations have passed $114 million in the last 24 hours, with the total market liquidation exceeding $300 million. In the past 24 hours, 73,610 traders were liquidated. The most significant single liquidation order happened on Okex – BTC-USDT-SWAP value $3.18M.

bitcoin liquidations

Data shows that despite the sharp rise in prices, the 24-hour BTC contract liquidation of around $114M in short positions indicates that the derivatives market was relatively cold, and the spot market drove the rise.

The ETH/USD pair was able to cross the psychological level of $3K, Ethereum was able to gain 12% rising from $2670 to $3032 in the last 24 hours.

Others in the top ten cryptocurrencies by market cap are green, with the best performer being Polkadot, which is up 15%, Solana up 10%,  XRP up 9%, and Terra up 12% in the last 24 hours.

Earlier TheBlock noted that the speculators were disappearing from the market by selling their assets and Bitcoin long-term addresses were mostly involved in accumulating Bitcoin at lower prices.

 

 

Why Is Crypto Market Is Going Up?

Looking at macroeconomic conditions, little has changed. Interest rates are expected to rise, and speculative money mostly flows into defensive assets.

However, The Wall Street session opened with new gains for Amazon, thus helping to fuel the cryptocurrency’s bullish move.

Also, The Nasdaq index, which has been closely associated with cryptocurrencies recently, rose more than 2%.

Famous trader ‘Light’ said that there was enough selling in 2 months and we see a rebound.

“I doubt there’s spot inventory left to sell at $40k. What was going to be sold has been sold already in a 2-month downtrend capped off by a macro panic. Also, I doubt buyers in the $30k area bought to sell here. Similar in many ways to the $6k level in 2019.”

 

 

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