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Cardano’s Uphill Battle: ADA Struggles to Break $0.500 Resistance

Cardano's Uphill Battle: ADA Struggles to Break $0.500 Resistance

Recent movements in Cardano’s ADA price have been exciting investors and drawing their close attention. However, the price is struggling intensely to gain momentum above the $0.50 zone. Despite trading above $0.480, ADA is trying to keep its upward potential alive by maintaining these support levels. Upward Trend Line Emerges Technical analysis reveals a clear […]

Shiba Inu Expands Reach: Backpack Exchange Adds SHIB Trading

Shiba Inu Expands Reach: Backpack Exchange Adds SHIB Trading

Shiba Inu (SHIB), the popular canine-themed cryptocurrency, has expanded its trading reach with a new listing on Backpack, a British Virgin Islands-regulated crypto exchange and wallet provider. Backpack announced the official launch of SHIB trading on its platform via a tweet on May 5th, marking another milestone for the meme-inspired token. Introducing Backpack: A Next-Gen […]

Shiba Inu Whales Acquire 5.58 Trillion SHIB in a Single Day

Shiba Inu Whales Acquire 5.58 Trillion SHIB in a Single Day

Shiba Inu (SHIB) whales have significantly ramped up their accumulation of the digital currency. Data from the crypto analytics platform IntoTheBlock reveals that large whale transactions comprised 73.72% of total SHIB transactions within a 24-hour period. Specifically, there were 327 large transactions recorded during this time frame, setting SHIB on a potentially ambitious growth trajectory. […]

Game-Changing Ripple Stablecoin: Unlocking XRP’s True Potential

Game-Changing Ripple Stablecoin: Unlocking XRP's True Potential

Ripple’s Upcoming Stablecoin: A Transformative Development Ripple’s forthcoming stablecoin and its potential impact on the XRP ecosystem were recently illuminated by Carlo De Meijer, an Economist and Researcher at the Malta Institute for Financial Services Analysis (MIFSA). Robust Backing and Regulatory Compliance De Meijer delves into the design of Ripple’s stablecoin initiative, exploring its potential […]

Price Analysis: Dogecoin (DOGE) Surges, Hints at Bullish Market

Price Analysis: Dogecoin (DOGE) Surges, Hints at Bullish Market

Dogecoin, the internet’s favorite meme coin, has defied expectations with a recent surge in trading volume. Over the past 24 hours, DOGE witnessed a whopping 117.64% increase in trading activity, reaching a staggering $1.79 billion. This significant uptick aligns with predictions from several analysts who anticipate a potential bull market on the horizon. Price on […]

Cardano Sees Profitable Surge as ADA Trades at $0.5021

Cardano Sees Profitable Surge as ADA Trades at $0.5021

Cardano (ADA) surged 4.19% over the past 24 hours, trading at $0.5021, with over 1.9 million addresses now seeing profits. This rally, led by Bitcoin (BTC) breaching the $71,000 resistance, saw ADA spike to a daily high of $0.5090 from $0.4646. Despite a slight retracement, ADA remains strong, trading at $0.5021 leading up to press […]

Cardano’s Centralization Debate: Justin Bons vs. ADA Community

Cardano's Centralization Debate: Justin Bons vs. ADA Community

Recently, well-known cryptocurrency analyst Justin Bons sparked controversy by claiming that Cardano (ADA) is extremely centralized. He argued that the control mechanisms within Cardano’s protocol grant Input Output Global (IOG) excessive power. Bons specifically pointed out that the “genesis keys” in Cardano allow IOG to unilaterally alter protocol rules without requiring a hard fork, potentially […]

Shiba Inu: Next Move Prepare for a Potential 25% Surge

Shiba Inu’s Next Move: Prepare for a Potential 25% Surge

Shiba Inu Price Breaches Key Resistance Shiba Inu (SHIB) price has breached a two-month consolidation, indicating its readiness to move higher. Investors can expect SHIB to rally 25% and tag the $0.0000315 resistance level. The price action has flipped bullish, mirroring the broader crypto market. Since setting up a local top at $0.0000457 on March […]

Over 90% Decline in Shibarium’s Daily Transactions

Over 90% Decline in Shibarium's Daily Transactions

Shibarium’s scan data shows Shibarium’s daily transactions dropped by over 90% since April 19’s 121,000 transactions. On May 19, Shibarium recorded just over 11,000 transactions. This trend persisted, with May 3 being the only day above 20,000 transactions this month. Impact of Reduced Transactions on SHIB Burns Shibarium’s lower performance impacts Shiba Inu’s growth. The […]

SHIB Community Receives Boost with New ShibaSwap Features

SHIB Community Receives Boost with New ShibaSwap Features

Lucie, the marketing lead of the Shiba Inu team, recently delivered an encouraging message to the SHIB community, supporting them on their Shiba Inu journey. Meanwhile, the SHIB price has notably declined since Sunday morning.  Lucie shared an image of a Shiboshi with a quote from Winston Churchill, the renowned British political leader who passed […]