$ 8 trillion SHIB traded in significant transactions
Cryptocurrency is making waves with a whopping $65.87 million in large transactions within 24 hours
Large Transaction Volume Indicator Surges: 8 trillion SHIB traded in significant transactions, a significant leap from Nov. 8. Whale activity is on fire
Nov. 9 Market Surge: Bitcoin's climb to near
$38,000, fueled by ETF optimism, catapulted the entire market. Shiba Inu hit $0.00000872 before a slight retreat.
Market Correction: Following the bullish wave, Shiba Inu, along with other crypto assets, adjusted from Thursday's highs. Shiba Inu is down 5.31% in the last 24 hours to $0.0000081.
Shiba Inu-Bitcoin Correlation: A shift in dynamics! Shiba Inu's correlation with Bitcoin has turned positive, reaching a 30-day correlation coefficient of 94% (0.94) accordir to @intotheblockdata. The pups are dancing together again $SHIB #BinanceBlockchainWeek #Web3Wallet
Elon Musk's X meme post about 'Dog' sparks speculation among crypto DOGE community
Elon Musk's X, formerly known as Twitter, shared a skeptical meme post about the Dog on Wednesday, sparking speculation among the Decrypto DOGE community.
However, there is no information attached to the post, but it is speculated that the social media platform is probably focused on adopting Dogecoin.
The richest person in the world has tweeted and spoken in favor of Dogecoin many times over the past few years, which has both increased and decreased the price of the crypto token multiple times.
In August, Elon Musk's mother Maye Musk also tweeted a photo of a dog, saying, "If you are a dog, X is the place to be." Soon, Elon Musk responded to the tweet and said, "X is a dog and Dog friendly place!." Elon Musk's posts promoting Dogecoins aroused enthusiasm among Dog Decoin fans which ignited Dogecoin Bulls and showed a remarkable growth.
In April 2023, Musk's X replaced the blue bird logo with an image of Shiba Inu, the logo of the digital coin. This has led to an increase of over 30% in dogecoin.
in 2021, SpaceX announced that it will launch a satellite called DOGE-1. It was stated that the mission was fully paid for on Dogecoin and is an important step in the adoption of the cryptocurrency into real-world applications.
In early December 2021, Tesla announced that it would accept Dogecoin for some products, and then Dogecoin rose by over 20%.
Pay January 2022, a month later, when it was announced on Twitter that dogecoin payments were live, it increased to over 15%.
Elon Musk has a huge Twitter that allows him to reach millions of people. Because of this access, it has created a buzz around Dogecoin that has led to an increase in its value.
When he tweeted about selling Dogecoin holdings, his tweets also had a negative impact, as it was seen that he caused its value to fall. #Binance $DOGE
Solana (SOL) is on fire! After a significant dip in July, it's now among the top performers in the crypto world, following Pepecoin (PEPE) and Chainlink (LINK) in the past 24 hours. SOL has gained 8.9% in a day, 39% in a week, 51% in two weeks, and a whopping 68% in the last 30 days.
Crypto analyst "Titan of Crypto" predicts that SOL could reach a price range of $69 to $123 in the coming months, reflecting high hopes for its future. But, there are hurdles on the way, including its past price levels.
SOL's next resistance level is at $36.86, offering a potential 9% upside if it's breached. Further resistances at $37, $39, $43, and $46 await. To solidify the breakout and keep the momentum going, SOL needs a monthly close above $32.
Currently, SOL is at $33.00 with a 24-hour trading volume of $1,668,696,328.50. With a total supply of 420 million SOL tokens, Solana's market cap is $13,631,609,298. Exciting times ahead! #solana #cryptocurrency #crypto2023 $SOL $PEPE $LINK
PEPE once again outshines its competitors in the meme coin market.
While the cryptocurrency market is in a positive mood, led by Bitcoin, some altcoins are outperforming Bitcoin and benefiting more from the optimism towards the sector. With Bitcoin retesting the $ 35,000 level after 17 months, there was a significant increase in the cryptocurrency market value. On the other hand, while there is a value increase in the meme coin market in parallel with the market in general, DOGE has increased in value by nearly 20% since last week and SHIB by just over 10%. PEPE, one of the new assets of the Memecoin sector, has surpassed the performances of its major competitors and has increased by more than 70% since last week. PEPE had fallen to around 0.0000006 dollars, with a value loss of up to 50% due to some problems experienced in its network in the last two months. With the increase in demand for the crypto market, new developments in the PEPE network have helped the cryptocurrency perform well above the market average.
While the burning of 6.9 trillion tokens worth $5.5 million in the PEPE network coincided with the upward trend, this development contributed to a rapid trend reversal in crypto money. The Pepe team also recruited new experts to provide consultancy to the project after the trust in the network was shaken by unauthorized transfers in recent months. Thus, an important step was taken to compensate for the loss of trust in the network.
The SEC has just dropped a bombshell! Brace yourselves for some shocking news: Blackrock is facing charges for failing to disclose their investments. Can you believe it?
Now, here's the thing. With the SEC cracking down on Blackrock, it's highly likely that they'll take any necessary measures to prevent a BULLRUN from happening anytime soon. This could potentially throw a wrench in the works and cause a delay in the much-anticipated
It's a rollercoaster ride in the world of Cryptocurrency, my friends. Stay tuned for more updates on this gripping saga
Cardano vs Polkadot: The Titans of Decentralization
In the ever-evolving world of blockchain, two platforms have caught the eye of investors and developers alike: Cardano ($ADA ) and Polkadot ($DOT ). Both are groundbreaking in their own right, but how do they stack up against each other? Let's dive in.
The Latest Scoop
Cardano:
Cardano has recently launched its smart contracts functionality, opening up a plethora of opportunities for DeFi and NFT projects.
The Cardano community is eagerly awaiting the rollout of Hydra, a layer 2 scaling solution. Market Movement: ADA is currently trading at around $0.28, with a market cap of approximately $9.8 billion.
Polkadot:
Recent Developments: Polkadot has seen increased spending in Q3 2023, with a focus on development and operations. Read more Community Buzz: The Polkadot community is excited about the recent parachain auctions, which will add new functionalities to the network.
Market Movement: DOT is currently trading at around $4.19, with a market cap of approximately $5.3 billion.
The Breakdown
Both Cardano and Polkadot aim to solve the scalability and interoperability issues plaguing current blockchain networks. Think of them as the 'Swiss Army knives' of blockchain; they're designed to do a lot, and they do it well.
Cardano:
Cardano's Plutus platform allows for more secure and robust smart contracts.
The upcoming Hydra will significantly speed up transactions. Polkadot:
Parachains: These are individual blockchains that run in parallel, allowing for a high degree of scalability.
Cross-Chain Compatibility: Polkadot's Relay
Chain allows different blockchains to
interoperate.
The Investment $ Investing in either of these platforms could be akin to investing in the internet in the early 90s. However, it's crucial to note that the crypto market is volatile and should be approached with caution.
So, which is better? That's like asking to choose between a Ferrari and a Lamborghini; both are exceptional in their own right.