Tag Archives: Crypto Bits

Shibarium’s Marketing Strategist, going by the handle LUCIE on X (formerly known as Twitter), believes the layer-2 scaling solution has so far been a major target of so-called “hype” investors. As such, they assumed the project was is poised to prosper once “serious” investors shifted their focus on it. Time for a ‘Real Growth’ LUCIE took it to X to urge “serious” investors to consider entering Shibarium’s ecosystem since the ones who were “merely seeking a quick pump” have...

The price of the native token of the layer-2 scaling solution Immutable X – IMX – has skyrocketed by over 35% in the past 24 hours. The reason behind the impressive increase remains unknown. However, Lookonchain observed that some investors had accumulated substantial amounts of the asset. IMX has recently jumped above $0.76, a valuation last seen at the beginning of August. The coin slightly retraced in the past few hours and currently stands at around $0.71 (per CoinGecko’s...

The native token of Ripple – XRP – has topped another recent ranking by becoming the most traded alternative coin on US-available cryptocurrency exchanges this year. The asset and its surrounding developments have been among the trendiest topics in the crypto community lately, possibly playing a role in the increased trading volume.  Leaving DOGE and SHIB Behind According to Kaiko’s analyst Dessislava Ianeva, cumulative trade volume in 2023 involving XRP has soared to $30...

Despite Ether’s significant price rally since the beginning of the year, there has been an evident downtrend in terms of investors holding over 1,000 ETH.  Based on a Glassnode analysis, the total number of Ethereum addresses owning 1,000 or more ETH has dropped to a 5-year-low of 6,082.  In comparison, there were over 8,000 such wallets in 2019 when the US dollar valuation of the second-biggest cryptocurrency by market capitalization was hovering between $100 and $300. 📉...

GMO Coin – a cryptocurrency exchange operating under the umbrella of the Japanese IT behemoth GMO Internet Group – will distribute Songbird (SGB) tokens to eligible XRP users. The airdrop is scheduled to reach customers by September 29, 2023. Benefiting XRP Owners The Japanese organization explained that the offering will reach those clients who have held amounts of Ripple’s native token in GMO Coin accounts after December 12, 2020. “Customers using crypto asset lending...

The recently launched layer-2 scaling solution of Shiba Inu – Shibarium – continues to gain steam, witnessing transaction growth and achieving new milestones on a regular basis. In the lines below, we will touch upon the latest development that occurred on the network. Shibarium Saw a 530% Increase in Newly Verified Contracts According to Shibariumscan data, the total number of newly verified contracts has skyrocketed by approximately 533% in a matter of 24 hours. Such...

It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a mere $40 million (a 99% decrease compared to the nearly $5 billion registered in March when the crypto industry showed...

Shibarium’s Marketing Strategist, going by the name LUCIE on X (formerly known as Twitter), said the crypto community should keep its trust in the BAD token due to several essential reasons.  Launched earlier this year, the native asset of Shiba Inu’s partner – BAD Idea AI – performed quite well during July and August before plummeting in the past several weeks.  BAD is not a ‘Pump and Dump’ LUCIE believes people should stop spreading negative news about BAD since the...

The popular cryptocurrency analyst, going by the name “KALEO” on X (Twitter), is optimistic that the price of Ripple’s native token – XRP – will soar in the near future. The forecast is based on the outcome of the lawsuit between the crypto firm and the United States Securities and Exchange Commission (SEC). ‘I’m Long XRP’ KALEO took it to X to outline that XRP’s valuation has recently found “solid support” after considerably dropping to its pre-July levels. Recall that the...

Ripple’s XRP has mostly been touted as a means for cross-border payments part of the XRP Ledger. But it appears that people have found some interesting, unexpected, and, quite frankly, rather cool uses of the cryptocurrency. It’s worth noting, though, that other coins, such as BTC and ETH, would probably do a similarly good job for the use case in question. It was brought up as a response to a Twitter threat by the popular lawyer John Deaton. He represents tens of thousands...