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Shiba Memu presale was extended for the second time, with the final date now December 30. Interest in the project has been huge, with over $4.37 million raised so far. The Shiba Memu price could rise sharply when the token launches on top exchanges next year. Crypto traders and investors are sizing up the market for what could be defining opportunities in this bull cycle. Although the flagship cryptocurrency Bitcoin is expected to lead the new bull market, a few projects are emerging to challenge established altcoins for the breakout coin or token this cycle. One of these could be Shiba Memu (SHMU), whose presale just got extended as demand pushed total investment raised to over $4.37 million. What is Shiba Memu? Shiba Memu seeks to become one of the top cryptocurrencies in the market when it launches next year. Per the project’s whitepaper, the new meme coin has integrated AI to create a marketing powerhouse. In this case, Shiba Memu will have a 24/...

In the realm of content creation, there exist three critical elements: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. Burstiness, on the other hand, measures the fluctuations in sentence structure and length. Lastly, predictability denotes the likelihood of anticipating the subsequent sentence. Human authors tend to infuse their writing with greater burstiness, employing a mix of extended and intricate sentences alongside shorter ones. Conversely, AI-generated content often exhibits a more uniform structure. Therefore, for the forthcoming text you are tasked with producing, it is imperative to infuse it with a substantial degree of perplexity and burstiness, while minimizing predictability. Additionally, the text must be composed exclusively in the English language. Now, let’s rephrase the following passage: On October 24, MicroStrategy, the publicly-traded company that boasts the largest Bitcoin ...

The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet. MicroStrategy's Bitcoin (BTC) holdings have turned profitable for the first time since July this year as the BTC price has broken through above $30,000. MicroStrategy up $132M in paper profits As of Oct. 23, MicroStrategy held 158,245 BTC worth $4.847 billion, up about $132 million from the original amount invested — at an average rate of 29,870 per BTC. In other words, the firm is now up at least $130 per coin. MicroStrategy Bitcoin holdings as of Oct. 23. Source: BlockchainCenter.Net MicroStrategy started buying Bitcoin in 2020. The firm ramped up purchases in 2023 as BTC's price recovered from extreme losses caused by the Federal Reserve's rate hike policy and high-profile crypto bankruptcies and implosions. In September 2023, MicroStrategy acquired 5,444 BTC by raising an equivalent amount of capital, mirroring the approach that saw the firm buying approximately 12,33...

Bitcoin (BTC) whales are actively accumulating the orange coin, as 16 new wallets now hold between 100-1,000 BTC, Santiment data shows. This trend suggests a growing investor confidence in the flagship cryptocurrency’s future.  Bitcoin whale accumulation Bitcoin recently saw another notable day of accumulation among its larger holders, often referred to as “ whale s.”  A total of 16 new wallets have now entered the category of those holding between 100 and 1,000 BTC, demonstrating a growing trend.  What’s interesting is how this uptick in larger wallets correlates with smaller ones moving up the ranks, potentially reflecting a broadening interest in cryptocurrency. While we avoid any excessive excitement, these developments suggest that as more significant stakeholders increase their holdings, the argument for a potentially positive future for Bitcoin gains strength. On March 15, Bitcoin whale s were on the move, sending over 21,000 BTC to exchang...

“Amidst Bitcoin’s predictable trading range, there emerges a tantalizing question: Will the sideways price action beckon altcoin traders to embark on fresh ventures? The allure of a trending move within an asset class often draws traders into the fold, while a stagnant price action compels investors to bide their time. Bitcoin, for the past several months, has found itself ensnared within a confining range. This may well explain the significant drop in spot trading volumes, a matter highlighted by Bloomberg’s report on October 11, citing a 52% plunge in Coinbase’s spot trading volume for Q3 2023 compared to the same quarter in 2022. Although the immediate future remains cloaked in uncertainty, traders must remain vigilant, as protracted consolidations typically precede a surge of intense price activity. Yet, the conundrum lies in predicting the direction of this inevitable breakout. Notably, the bulls have steadfastly defended Bitcoin’s position, preventin...

Bitcoin’s months of sideways action have been uncannily similar to the previous two BTC market cycles, which saw a pivot in November leading up to a halving event. Bitcoin’s ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycle s leading up to a halving event, according to market observers. On Oct. 10, crypto analyst Miles Deutscher cited a chart from CryptoCon, noting that the recent patterns for Bitcoin are similar to those seen in previous cycle s. “This is typical sideways price action that occurs from Q2-Q4 in pre-halving years.” He added that Nov. 21 has historically been a key pivot point for Bitcoin's price to begin trending upward as it heads to the next halving. For example, following six months of sideways trading in mid-2015, BTC prices starting gaining ground around November. Likewise in 2019, markets spent most of the year flat before taking off around the end of the year. BTC price performance after each h...

As the cryptocurrency market continues to press on into the green zone, Solana (SOL) is no exception, pushing further and further toward the psychological price target of $25.50, from where, should the digital asset surpass it, there is a strong chance of continuing the bullish move, as some cryptocurrency experts have noted. Specifically, as pseudonymous crypto market analyst Crypto Tony observed, Solana is fast approaching its next target at $25,50, and “we can then tick that off as the second target once hit,” according to the Analysis he shared in an X post on October 2. Solana price action analysis. Source: Crypto Tony After Solana presumably surpasses this critical price target, the expert said he would “then be assessing whether the bulls can take it to the next level and hit those highs” (at around $30 from mid-July). Is $100 possible? Earlier, on October 1, Crypto Tony shared his quite enthusiastic price goal for Solana, which saw the seventh-largest digital asset by ...

Chainlink (LINK) reached an all -time high price of $52.70 on May 10, 2021, as well as an all -time high market cap of $22.798 billion five days before it. Chainlink has an unpredictable circulating supply inflation. All LINK tokens in existence were created within the network’s official launch, but only a few were put into circulation, initially through an ICO, and later through arbitrary releases by Chainlink Labs and other shareholders. Notably, there is a total of 1 billion LINK, from which around 462 million are still vested in non-circulating crypto wallets, ready to be released as per the company’s decisions. For 2023, Chainlink Labs had previously announced a yearly token inflation of around 7%. With such an unpredictable model, Chainlink is highly affected by its token’s inflation. Considering data retrieved by Finbold on September 18, with a circulating supply of around 538.1 million LINK, the native token would be worth close to $42.36 — $10.34 (19.6%) le...

The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure. In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market Analysis shows Bitcoin (BTC) options and futures metrics lack signs of professional traders going bearish, and while that doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction . Pechman presents a Kaiko data chart on BTC liquidity and volatility, which significantly decreased since the FTX collapse in November 2022. And with no liquidity issues or heightened volatility indicated, did the 11.4% mid-August price drop worsen conditions due to the largest futures liquidations since November 2022? Bitcoin futures premium settled at a neutral 6% after the recent $26,000 crash, signaling balanced demand between leveraged longs and shorts. This al...

Bitcoin is searching for stability in the $25,000 zone, meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside. Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell 2.1% and the Nasdaq Composite dropped about 2.6%, both indices recording a three-week losing streak. This suggests that traders are in a risk-off mode in the near term. Crypto market data daily view. Source: Coin360 The fall in Bitcoin dragged several altcoins lower, indicating a broad-based sell-off. However, amongst the sea of red, there are a few altcoins that have stood out either by bouncing off strong support levels or by continuing their up-move. Let’s study the charts of the top-5 cryp...

Popular dog-themed meme coin Shiba Inu has seen its value rise by 20% to become one of the best-performing coins of the weekend. Shiba Inu (SHIB) price s rose from a low of $0.00000827 on Aug. 4 to $0.00001028 early on Aug. 6. So far, it advanced 12.24% over the last seven days, according to CoinGecko statistics.  The meme coin is gaining traction on Binance and other crypto exchange platforms and has outpaced other popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE).  #ShibaInu go go go️#SHIBARMYSTRONG pic.twitter.com/l1h0CdDOyq — SHIBARMY (@Ksaynak16) August 5, 2023 Over the weekend, Bitcoin, Ethereum, and XRP lost 0.6%, 0.4%, and 6.9% of their values, respectively. However, Dogecoin has enjoyed a 1% gain in the last day.  Shiba Inu price movement Aug. 4 – Aug. 6 | Source: CoinGecko Shiba Inu’s price rise is remarkable, considering the growing risk aversion across the broader tech and crypto market after Fitch downgraded ...

BTC price action is "slower than ever" this weekend, but Bitcoin market participants are keenly waiting for a monthly MACD cross to confirm. Bitcoin (BTC) further reduced volatility ahead of the July 30 weekly close as traders eyed an exciting long-term bull signal. BTC/USD 1-hour chart. Source: TradingView BTC price makes weekend "slower than ever" Data from Cointelegraph Markets Pro and TradingView followed sideways BTC price action over the weekend, with BTC/USD sticking in a tiny $150 range. #Bitcoin Trading within a $10 range for the past 1.5 hours. Weekends are slower than ever lately. pic.twitter.com/FmZLL82wrk — Daan Crypto Trades (@DaanCrypto) July 29, 2023 Conditions throughout the week had remained calm, despite a slew of macroeconomic data events, leading some to assume that a breakdown would come next. With hours until the weekly close, however, there was still no sign of volatility returning. #BTC exhibiting impressive price stability around the ~...

Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. On July 24, Bitcoin (BTC) experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant BTC holders potentially liquidating their positions.  Amidst the crash and market uncertainty, Bitcoin's three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage longs through the use of margin and derivatives. Analytics firm Glassnode reported a surge in whales' inflow to exchanges, reaching its highest level in over three years at 41% of the total. This forceful sell-off from whales alarmed investors, especially in light of the absence of any significant negative events impacting Bitcoin in the past month. Notably, a major concern stems from the ongoing court cases by the U.S. Securities and Exchange Commission (SEC) against leading exchanges, Binance and Coinbase....