Bitcoin (BTC) continues to dabble near the $39k mark after bouncing from lows of $38,244 on Mar.11. At the time of publication, BTC was changing hands at $39,088, marginally up in the last 24 hours as per CoinMarketCap data.
On-Chain analytics firm, Santiment reports that Bitcoin’s funding rates are showing a slight lean towards traders shorting, which historically is a good sign. It says ” Bitcoin’s average funding rate across exchanges continues to be a great signal for swing traders looking to buy low and sell high. Major high spikes generally lead to corrections, and low spikes lead to price surges. Slight shorts are happening now.”
Data analytics service, Whalemap reports another positive signal for BTC price. It says ”Big smart whale moved 24,000 BTC today. Usually, transactions like this signify OTC trades. Good sign for BTC”. Pseudonymous Stock to Flow analyst, Plan B posted a chart saying ”BTC up to and to the right”, implying that Bitcoin remains in alignment with the Stock to flow model.
On-chain data provider WhaleStats recently provided the analysis of the top ten purchased tokens by Binance (BNB) Whales over the past twenty-four hours. Litecoin tops the list of top ten purchased tokens, other assets in the list include Ethereum, Chainlink, MBOX, and others.
Though different transactions involving the purchase of different tokens were reported by the blockchain data tracker, the most recent LTC transaction was that of a BNB whale acquiring 99,999 Litecoin tokens or $10,369,999 worth. Litecoin network reports that LTC transactions with the global crypto payments processor, Bitpay are increasing. It claims that LTC remains the most popular choice for payments other than Bitcoin.
A Shiba Inu official blog post today shared the SHIB project’s progress so far since the past year. Here are the highlights of the Growth Breed Report.
-Shiba Inu’s 46 million% gain in 2021 was jaw-dropping, but its trailing 12-month increase is even more impressive. As the community is always innovating, this is not only a huge factor as ShibaSwap continues to trend in the top spot for security, and reaching no.1 in the Top Trending Secure Digital Asset on CertiK, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.
-Shiba Inu continues to stand in the Top 5 most searched crypto assets worldwide. As of this week, SHIB is listed in 100+ exchanges including Coinbase, Binance, Kucoin, Huobi, Voyager, Crypto.com, Kraken, and has earned a solid reputation in the cryptocurrency industry.
-Just this past week Shiba Inu announced a collaboration with Fashion Designer John Richmond on the first day of Paris Fashion Week. Community burn efforts are more active than ever before, and multiple accounts are populating the energy and the action of burning tokens to reduce circulation.
Shiba Inu trades at $0.0000222 at press time.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
