[ad_1] The Shiba Inu community is experiencing a wave of mixed emotions. On the bright side, the long-awaited Shibarium, the project’s layer-2 blockchain, is gaining traction with a significant transfer of tokens and a surge in transaction volume. However, the price of SHIB itself remains stubbornly stagnant, leaving some “Shiba Millionaires” out in the cold. Related Reading Shibarium Blazes A Trail, But Can It Spark A Price Rally? The movement of 35 billion SHIB tokens to Shibarium signifies a crucial step for the Shiba Inu ecosystem. This dedicated network promises faster transactions, lower fees, and a more robust infrastructure for…
Author: dfrancis36
[ad_1] Introduction WELL3 is a new project that is taking a novel approach to health and wellness by integrating Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. Let’s explore the project in more detail. Overview Company: WELL3Token ticker: WELLBlockchain: MultichainSector: Decentralized Physical Infrastructure Network(DePIN) and Decentralized Identity (DID)Business Model: a DePIN and AI platform in the wellness industry WELL3 details WELL3 is a new project that aims to reshape health and wellness through Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID) and integrated AI systems. The platform has 1 million pre-registered users anticipating its launch. WELL3’s mission…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] The Hong Kong Securities and Futures Commission (SFC) has issued a warning to investors regarding three entities suspected of engaging in fraudulent activities related to virtual assets or operating without a license. This development comes as Hong Kong aims to position itself as a crypto hub to create an enabling environment to drive development in the crypto space. SFC Lists Tokencan, VBIT, HKD.com As Scams In a press release on June 28, the Hong Kong SFC placed a fraud alert on three companies starting with Tokencan, which the Commission described as a purported virtual asset trading platform (VATP). The…
[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on an Ethereum-based low-cap altcoin while offering his insights on Bitcoin (BTC) and Curve DAO (CRV). The analyst pseudonymously known as Credible Crypto tells his 401,200 followers on the social media platform X that Convex Finance (CVX) has the “best-looking chart” in terms of the risk/reward ratio over the short to medium term if the support level between $2.60 and $2.70 holds. Convex Finance is a decentralized finance (DeFi) platform built on the Ethereum (ETH) blockchain. “If those lows [between $2.60 and $2.70] aren’t breached, things are going…
[ad_1] Crypto analyst Zen has released a critical assessment of different scenarios to expect for the Bitcoin price in July. Bitcoin’s price performance in June has undoubtedly left many investors disappointed. This is because the cryptocurrency virtually traded on a decline throughout the month, even falling below $60,000 at some point. While the unfavorable price continues to play out, crypto analyst Zen has flagged some major liquidity pools that could determine Bitcoin’s outcome in July and the next few months in autumn. Analyst Highlights Potential Bitcoin Liquidity Pools As mentioned earlier, the recent price decline saw Bitcoin break below $60,000…
[ad_1] The Bitcoin price has been under significant bearish pressure in the past few weeks, and this crypto researcher has explained the role of demand in the market correction. BTC Apparent Demand Is Falling – Cause For Alarm? In a recent post on the X platform, CryptoQuant’s head of research Julio Moreno explained how the latest Bitcoin price correction is linked to the falling Bitcoin demand. This analysis is based on the Bitcoin apparent demand metric on the CryptoQuant platform. Apparent demand calculation is often used in financial markets to evaluate demand by comparing production levels and inventory changes. Basically,…
[ad_1] Cryptocurrency analyst and trader Kevin Svenson believes that altseason, a period when altcoins significantly outperform Bitcoin (BTC), is close at hand. In a new video, Svenson tells his 78,600 YouTube subscribers that his bullish thesis for altcoins is informed by the price action of Bitcoin and Ethereum (ETH). “Altseason may actually take place very soon. And the reason why I came to that conclusion is because Bitcoin broke the parabolic trend and is looking to go sideways in this range and consolidate, while the leading altcoin, Ethereum, is actually sitting in an exponential trend. So this is likely going…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] On-chain data shows users on the Bitcoin blockchain had to pay the same total fees as Ethereum this past quarter. Bitcoin Users Paid $440 Million In Transaction Fees Last Quarter As market intelligence platform IntoTheBlock pointed out in a new post on X, Bitcoin has registered a sharp jump in transaction fees this past quarter. The “transaction fees” here naturally refer to the amount that senders on the blockchain have to attach with their transfers as compensation for the validators. The average fee on the network is generally a reflection of the activity occurring on it. During periods of…