Shiba Inu’s market capitalization has eclipsed $12 billion
Shiba Inu (SHIB), a cryptocurrency inspired by the breed of hunting dog from Japan, has now entered into the top 15 biggest cryptocurrencies by market capitalization.
Shiba Inu has soared more than 300 percent in just a week, becoming the best-performing cryptocurrency amid exceptionally strong retail interest.
The uptrend escalated the bitter rivalry between the fans of Dogecoin and Shiba Inu.
Self-proclaimed Dogecoin millionaire Glauber Contessoto recently recalled that Ethereum co-founder Vitalik Buterin had donated part of the SHIB tokens that were gifted to him to India and then burned the rest.
Ethereum risks drop below $3.2K as ETH price faces heavy resistance
A confluence of at least three different bearish indicators appears on Ethereum’s multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion.
IS THIS THE BIGGEST ALTSEASON EVER? LAST CHANCE TO BUY THE DIP BEFORE TAKEOFF! October 9, 2021
Alt Season” is the part of the overarching cryptocurrency market cycle where many altcoins “moon” (go up quickly in price) against the dollar and Bitcoin at once (for example, late December 2017 – early January 2018). In general, altcoins tend to be in a perpetual state of bearishness or stagnation, either hovering in price or going down. Then, once in a while, an alt or two will catch an uptrend or epic run (generally a pump). However, every so often (like once or twice a……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
Its latest Global Financial Stability Report the IMF admits that cryptocurrencies have the potential to improve the global payment system. However, it is worried about the burgeoning interest in cryptocurrencies and feels that they contain risks for the global economy. According to the IMF report there are risks associated with the boom in cryptocurrency trading. It says that it is monitoring the situation closely but that the proliferation of cryptocurrencies “appear(s) contained for now”. Without any of the long-awaited regulation arriving in order to clarify an extremely……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
CARDANO, POLKADOT AND FOUR ADDITIONAL ALTCOINS ARE SET TO EXPLODE IN 2022, ACCORDING TO CRYPTO TRADER AUSTIN ARNOLD. October 21, 2021
Crypto trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for massive rallies in the next year. In a recent crypto update, the YouTube star tells his 1,040,000 subscribers that Ethereum layer-2 (L2) scaling solution Polygon (MATIC) is gaining momentum after landing a partnership with the $20 billion gambling company DraftKings. Next, Arnold looks at the decentralized interoperability platform Polkadot (DOT). He points to a recent tweet from Polkadot founder Gavin Wood explaining that there are currently just under 19 million DOT……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
Many new investors don’t have a plan when it comes to selling or cashing out their bought crypto’s. If you are new in trading cryptocurrencies or shares, this might be the first time that you are asking yourself ‘‘Do I hold or sell my cryptocurrencies?’’, or ‘’what is the best moment to sell?’’ EXIT STRATEGY An exit strategy is a contingency plan created with the intent of liquidating a position in a financial asset. Or simply put: A plan to sell your financial assets. The……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
eNaira more reliable than cryptocurrency, says CBN November 4, 2021
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitize stakeholders and the general public in Abia and Ebonyi States. Okwuosa described the eNaira as a legal tender issued by a sovereign nation and regulated by the Central Bank of Nigeria, whereas cryptocurrencies are unregulated. He said, “Digital currency (eNaira) is more reliable than cryptocurrency which is not regulated.” The fair-themed ‘Promoting financial stability……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
TOTAL VOLUME IN DEFI JUMPS 25% IN TWO WEEKS, WITH ETHEREUM LEADING. November 5, 2021
Decentralized finance (DeFi) has had an incredibly successful year in 2021 and there are still no signs of slowing down in the space. Investors are flocking en masse to this space that offers users rewards in return for the digital assets that they are holding on to. The opportunities in the space have continued to grow and this is highlighted by the amount of funds locked up in DeFi protocols. By October, the total value locked (TVL) in the DeFi space had quickly surpassed $200……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
ETHEREUM IS THE CENTER OF THE CRYPTO ECONOMY ACCORDING TO EXPERTS. November 7, 2021
Ethereum is seen as the cynosure of the crypto economy by a cross-section of analysts. The intersection of the metaverse, DeFi, and NFTs are considered as factors for its claim for the top spot. Ethereum will have to battle its “killers” before it can assume the role of King in the cryptocurrency economy. Yan Watkins, a researcher at a top analytical firm, Messari has pitched his tent with Ethereum in the debate of which cryptocurrency will occupy the central spot in the space. He took……
Click the link below to continue reading…
Click here to Join cryptonews9ja Channel @cryptonews9jaupdate
a percentage on each transaction.