Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern

Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form.The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend.  As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure’s upper trendline. On Thursday, SHIB showed signs of following a similar topside break.SHIB/USDT daily price chart featuring a falling wedge. Source: Fiery Trading Notably, the token briefly closed above the falling wedge’s upper trendline, hitting an intraday high of $0.00003290. The upside move raised anticipation that SHIB would continue its trend higher in the coming sessions, with Fiery Trading analysts noting that an ongoing bullish retracement across the crypto market would further boost the altcoin’s upside bias.The analysts said,”With the entirety of the crypto market seeing strong bullish moves, it’s to be expected that SHIBA will follow. This token is currently trading near the top resistance of the pattern so that a breakout might occur soon. Look for a daily close above the resistance.”The next upside target for SHIBA decisive move above the falling wedge’s upper trendline could have traders eye for a bullish confirmation near $0.00003929. Simply put, if the price of SHIB breaks above $0.00003929, a previous level of resistance, traders may end up placing upside bets toward the level that comes at a distance equal to the maximum gap between the upper and lower trendline ($0.00004240). SHIB/USDT daily price chart featuring a falling wedge setup. Source: TradingViewAs a result, the potential falling wedge breakout could put the price of SHIB en route to $0.00008026, as shown in the chart above. Conversely, a pullback move from the wedge’s upper trendline could have SHIB retest the structure’s lower trendline around $0.00002350 support.Potential Robinhood listing backs the current rallySHIB’s bullish setup emerged primarily after it rebounded by nearly 30% in three days.At the core of SHIB’s sharp retracement were a few fundamental catalysts. These include speculation about the token’s listing on Robinhood, a zero-commission trading app with over $14 million in average daily volume. SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEBthis is about 6 months too late— zerohedge (@zerohedge) January 12, 2022Additionally, SHIB also rallied higher in line with a bounce-back across crypto markets on Wednesday, with top digital asset Bitcoin (BTC) rebounding by more than 12% and Ether (ETH) rising by nearly 18% in the past three days.Related: Five coins that saw huge gains in 2021While it is likely that SHIB’s price boomed due to excessive speculation, Vladimir Kardapoltsev, CEO of blockchain wallet company PointPay, noted that its potential to log more gains in 2022 was huge due to SHIB investors’ recent holding pattern.”It is worth mentioning that in just over five weeks, the average holding duration for Shiba coins on Coinbase Global has climbed from 6 to 32 days,” he told Cointelegraph, adding that “people have been hoarding SHIB because of Shiba Inu’s willingness to become more than just a Dogecoin-like meme token.”Kardapoltsev said,”There are several critical criteria that investors and potential buyers should consider when determining the price of SHIB in 2022. Shibarium, the gaming video game Oshiverse, and ShibaSwap have all contributed to Shiba Inu’s surging pricing, placing it ahead of competitors such as Dogecoin, which is still a meme currency play with minimal development.”The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac

Five coins that saw huge gains in 2021

The year 2021 was unprecedented for crypto, with Bitcoin (BTC) and Ether (ETH) gaining 60.58% and 408.5% throughout the year, respectively. For the latter, the explosion of decentralized finance (DeFi), nonfungible tokens (NFTs), decentralized applications (DApps) and decentralized exchanges (DEXs) built on its blockchain created a whole new digital currency cyberspace encompassing all corners of the world.But, the year was also an auspicious one for altcoins, whose performance far outweighed that of BTC and ETH during the same time period. So, without further ado, let’s look at five cryptocurrencies that went from zero to hero in 2021.1. Shiba Inu Of course, at the top place is the iconic meme token Shiba Inu (SHIB). Originally created as a joke and as a spin-off from Dogecoin (DOGE) in August 2020, SHIB holders recognized a mouth-watering gain of 29,513,624.1% from start to finish in 2021. But the network has evolved far outside of meme status. There is now a ShibaSwap DEX with close to $324.5 million in total value locked (TVL) at the time of publication, with two other native tokens and support for NFT drops.Then again, the memes have also been flying high this entire time. Last October, CEO of AMC Entertainment Adam Aron organized a Twitter poll asking if the well-known movie theatre chain should accept SHIB tokens as payment for movie tickets. The poll garnered 153,100 votes, with 81.4% of users in favor.TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?— Adam Aron (@CEOAdam) October 29, 2021And, loyal to the cause, soldiers of the “Shiba Army” have proven themselves to be ardent defenders of the token when faced against enemies of their blockchain. The past December, Canadian medical Q&A platform Ask the Doctor, a former SHIB influencer, went AWOL and decided to file a lawsuit against Shytoshi Kusama, the volunteer project lead for SHIB, alleging libel. Not only did Kusama fire back (with Tweets), but the Shiba Army launched an all-out attack on the entire (cyber) front. Within hours, Ask the Doctor had lost close to 10,000 out of 58,000 followers on Twitter while its TrustPilot page was flooded with hundreds, if not thousands, of one-star reviews before the platform‘s curators began removing them.Tell your legal team that it is illegal to buy a verified account to use it to scam other people. Tell them it is illegal to take people’s money for a service you never provide. And if you REALLY want to come and get me…COME GET ME. It’s almost time anyway… I’m ready https://t.co/jTnQydUWBt— Shytoshi Kusama™ (@ShytoshiKusama) December 21, 2021

2. SolanaComing in with a gain of 11,120% in 2021, Solana (SOL) managed to live up to its endearing nickname of “Ethereum Killer,” processing 1,847 transactions per second and with an average cost per transaction of less than one penny at the time of publication. Meanwhile, the Ethereum network can only process 15 transactions per second, with gas prices of $133.17 per smart contract execution.Due to its high efficiency, the blockchain has attracted the attention of many developers from FTX-backed game studios and the most successful NFT project originated from Asia to privacy-enhanced browser Brave which has over 42 million users. In December, Twitch co-founder Justin Kan launched a new blockchain gaming-focused NFT marketplace, Fractal, on the Solana network and has amassed over 110,000 members.We are starting with the @solana blockchain, as we see the low cost and high speed of transactions as appealing to game creators who want to have a high number of in-game assets.— Justin Kan ❄️ (@justinkan) December 13, 2021

3. Dogecoin It‘s not often that sequels — being SHIB — out perform the original release, but DOGE is nevertheless still a solid meme token story. Finishing the year off with a gain of 2,910%, DOGE attracted the attention of celebrities, influencers, investors and blockchain enthusiasts alike. But, let‘s face it, most were probably in it for the money (and jokes) rather than the technology.One of the greatest evangelists of DOGE is, of course, Elon Musk. Colloquially known as the “Dogefather,” Musk has repeatedly shilled the meme coin to his 68.9 million followers and has even confirmed that Tesla will accept DOGE for merchandise payments. In a Time Magazine interview, Musk said, “Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions. The total transaction flow that you do with Dogecoin, like transactions per day, has much higher potential than Bitcoin.”What’s more, Mark Cuban, the billionaire owner of the Dallas Mavericks, has started a cashback rewards program to incentivize merchandise and ticket payments via DOGE. According to CryptWerk, 1,983 merchants worldwide now accept DOGE as payments, up from 1,206 at the beginning of 2021.Dogecoin is the people’s crypto— Elon Musk (@elonmusk) February 4, 2021

4. Binance Coin Finishing off 2021 with a gain of 1,271% is Binance Coin (BNB). Previously only used as a discount for trading fees on Binance, the largest centralized crypto exchange in the world, BNB has evolved to become a leader in the DeFi ecosystem and is ERC-20 compatible. Since its launch in 2020, Binance Smart Chain (BEP-20) has surpassed 1.5 billion in lifetime transactions with a TVL of $16.61 billion. 32.98% of the TVL comes from DEX and gaming/NFT platform PancakeSwap, where 3,759 coins are available for trading for a total transaction volume of $760.2 million in the past 24 hours.BNB is used to pay for gas fees on both the Binance Chain along BEP-20 and is interchangeable. Binance devotes a portion of its profits to buying back BNB for permanent removal every quarter. During the 17th quarterly burn that took place in October, $639.5 million worth of BNB was burned.The number of total transactions on #BinanceSmartChain crossed 1,500,000,000 just a few hours ago. #BSC community is unstoppable pic.twitter.com/nSoO6sfj0s— Binance Smart Chain (@BinanceChain) October 27, 2021

5. CardanoAccording to a recent report by CryptoRanks and Santiment, Cardano (ADA) was the most developed blockchain in 2021. Over 140,000 GitHub events involving Cardano were reported throughout the year, besting Kusama and Polkadot‘s close second and third place. Last September, Cardano underwent its signature Alonzo Fork, enabling smart-contract functionality on its proof-of-stake (PoS) network.Shortly afterward, the number of ADA wallets surpassed the 2 million mark. At the same time, its founder, Charles Hoskinson, updated enthusiasts on the status of the Hydra upgrade that could theoretically enable the network to process hundreds of transactions per second. In early January, Hoskinson announced plans to transition Cardano into a permanent open-source project gradually. ADA finished the year with a gain of 673.8%.OVER 2 MILLION ADA WALLETS️It wasn’t long ago that we were celebrating hitting our 1 million mark and now we hit a whopping 2 million #ada wallets!#Cardano #CardanoCommunity@F_Gregaard @IOHK_Charles @IOHKMedia @InputOutputHK pic.twitter.com/x40pri9tjN— Cardano Community (@Cardano) November 1, 2021

Čítaj viac

Hot Doges and Bitcoinana Splits on offer at Florida crypto restaurant

A new crypto-themed restaurant in Florida is slinging hot dogs and shrimp cocktails inspired by Dogecoin (DOGE) and Shiba Inu (SHIB), with the Dogedogs being highly prized by customers. The Clearwater Beach-based venue is dubbed the “Crypto Street Restaurant” and held a grand opening to the public earlier this month with a menu full of names that give a nod to popular crypto-assets and terminology. Ricardo is such a gentleman. If you hit #ClearwaterBeach make sure you stop by! #crypto $BTC #shopsmallbusiness @LayahHeilpern @CryptoStaceyB @FinTechShark1 @olya_borderless pic.twitter.com/QVPObPf3Ff— Alexandre Lores (@alexandre_lores) December 10, 2021The menu boasts dishes such as the Dogedog, Crypto Cuban, DeFi Caesar Salad, SHIBA Shrimp Cocktail and the Bitcoinana Split to name a few, while the restaurant’s decor is also decked out with crypto culture themed posters, wall art and furniture depicting Doge, Satoshi Nakamoto, Elon Musk and assortec Bitcoin memes.Crypto Street Restaurant, Source: Yelp.comAccording to the restaurant’s owner Ricardo Varona, Crypto Street accepts payment in all digital assets including memecoins and so-called “Shitcoins,” and the dogedogs have been “pretty popular” so far.During a Dec.29 interview with the Tampa Bay Times, Varona said that his 24-year-old son first introduced him to crypto a few years ago but he wasn’t a fan of the sector at the time. Over time however, he warmed up to the concept of crypto assets and initially considered launching a restaurant franchise that accepted crypto payments. After the pandemic hit and various expenses and supply chain issues became apparent, Varona said that he altered his plan to launch a single crypto-themed venue as opposed to a chain that simply accepted crypto. “I kept thinking I want to do something different, something fresh, and I kept thinking about crypto… I calculated what it would be to do something new, cut ties with the franchise and started working on Crypto Street.” “So far the younger crowd loves it and come back. With the older crowd, there’s a lot of people that have interest and similar stories to mine where their son or grandson taught them something. So it creates pretty cool conversations,” he added. Varona said that the restaurant can accept crypto payments via a merchant account or peer-to-peer directly to his wallet. “So far we have had a few transactions in crypto, though a lot of people are interested in using it. There’s also some people who just sold it or want to hold it in the long-term instead. But a lot of people understand that using it adds value,” he said. CRYPTO STREET RESTAURANT is HIRING cooks https://t.co/Rfsx4jXby1— Crypto Street Restaurant (@ClwBeachCrypto) December 29, 2021

Five stars for the food or the idea?In its short history, the Crypto Street Restaurant has been reviewed favorably online so far, pulling in a total of three five-star reviews on Yelp and eight five-star reviews on Google Reviews. “Pretty cool place! Excellent decoration, great menu options and super friendly staff. Owner is on top of everything and will gladly give you a tour of the thematic restaurant and explain how the crypto payment system will work,” says the review from elite Yelper “Eduardo F.”This is not the first time the beloved Dogecoin has been affiliated with hot dogs, after American meat manufacturing giant Oscar Mayer auctioned off a one-of-one pack of “Hot Doge Wieners” via eBay in August. Rel Dogecoin Foundation works with Ethereum co-founder on DOGE stakingLast month, Cointelegraph also reported that popular Fast-food chain Burger King partnered with retail trading platform Robinhood to give away free cryptocurrency primarily in the form of DOGE to its customers who sent $5 or more at its locations across the U.S.

Čítaj viac

Medical Q&A platform Ask The Doctor files lawsuit against Shiba Inu, engages war of words on Twitter

Tuesdays can be boring, but an ongoing Twitter drama is captivating the attention of many blockchain enthusiasts. Ask The Doctor, a Canadian medical questions and answers website, announced that it would be suing Shytoshi Kusama, volunteer project lead of meme token Shiba Inu (SHIB), for alleged libel and will attempt to uncover his personal identity in court. Kusama immediately fired back, alleging that “it is illegal [for Ask The Doctor] to take people’s money for a service it never provides.”Tell your legal team that it is illegal to buy a verified account to use it to scam other people. Tell them it is illegal to take people’s money for a service you never provide. And if you REALLY want to come and get me…COME GET ME. It’s almost time anyway… I’m ready https://t.co/jTnQydUWBt— Shytoshi Kusama™ (@ShytoshiKusama) December 21, 2021The heated exchange began when Kusama quoted a promotional SHIB Tweet from Ask The Doctor the day prior, alleging, “You’re a scam account. Where are all your “doctor” tweets from tour account created in what 2009?” If the plot wasn’t already thick enough, Ask The Doctor was formerly a SHIB influencer. In a Dec. 1 tweet, the firm claimed to have added 31 billion SHIB ($1.5 million at the time) to its balance sheet. On Dec. 20, Ask The Doctor then tweeted it had eliminated its SHIB tokens from its books. Twitter users allege that the firm has been heavily promoting SHIB tokens to retail investors over the past month.You’re a scam account. Where are all your “doctor” tweets from tour account created in what 2009? Gtfoh. Go scam another token like you planned on doing with your first tweets. .@askthedr pic.twitter.com/ceFqL8KFYv— Shytoshi Kusama™ (@ShytoshiKusama) December 21, 2021

Related: Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listingAt the time of publication, Ask The Doctor continues to escalate the conflict on the social media platform. In more recent tweets, the firm alleges that SHIB is “a scam,” “heading to zero,” “facing delisting,” and stating that, without evidence, “there is a rug pull coming.” Since the conflict’ began less than 24 hours ago, Ask the Doctor appears to have lost nearly 10,000 Twitter followers with approximately 48,000 remaining. Although Ask The Doctor said it dumped its SHIB stake for business purposes, it didn’t explain why it would invest in what it believes to be a “scam” coin in the first place.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy