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SHIB To Soar: Crypto Expert Predicts 10% Price Movement for Shiba Inu

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Leading crypto analyst and trader Ali Martinez created a buzz in the crypto world after he shared his latest prediction on Twitter. The expert believes that SHIB could be headed for a 10% price movement, leaving the coin’s army ecstatic.

However, traders must exercise patience as they wait for confirmation. Martinez emphasized that a 30-minute candlestick close above $0.0146 or below $0.0142 will be the deciding factor for the direction of its trend.

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The prediction by Martinez has certainly piqued the interest of the cryptocurrency community. The SHIB Army, a group of dedicated supporters, will be eagerly waiting to see if Martinez’s prediction comes to fruition.

Shiba Inu Displays Bullish Trend Despite Market Shift

The meme-inspired cryptocurrency continues to make waves in the market, showing a bullish trend despite the recent market reversal. With a 20% higher volume of bids, than asks, the community remains optimistic and confident in the asset’s future growth. 

This optimism is reflected in the 67% increase in value that the coin has seen since the start of the market reversal. This recent rise in Shiba Inu’s value could be linked to the forthcoming launch of Shibarium, a layer-2 blockchain built on the Ethereum mainnet and supported by Shiba Inus. 

Shibarium is positioned as a layer-2 network on top of the Ethereum mainnet and aims to provide developers with an efficient platform to develop decentralized applications. This results in lower transaction fees and improved network scalability. 

In essence, Shibarium’s goal is to allow the community to further the project’s vision. It has generated excitement among Shiba Inu community members, potentially fueling further growth in the currency.

Moreover, market indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) also support a bullish outlook for the asset. 

The MACD displays a bullish crossover, indicating that the trend is likely to continue, while the RSI, measuring the trend’s strength, has risen above the 50 levels.

Nevertheless, when it comes to the coin’s current price analysis, data from CoinMarketcap shows that it is trading at $0.00001412, with a significant increase of about 20% in the weekly chart.

SHIBUSDT 2023 02 07 04 04 06
Source: Tradingview

Related Reading | Binance Joins Other Crypto Firms In Aid For Turkish Earthquake Victims: Report

OKB Skyrockets To New Record High, Surpassing $45 Mark

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The cryptocurrency market has been buzzing with excitement as the OKX platform coin OKB sets a new record high of $45.54. This impressive feat surpassed the previous high of May 3rd, 2021, and is a clear indication of the growing popularity and success of the OKB token.

With $7.94 billion in assets and a 24-hour open interest of $4.01 billion, OKB stands tall as the second largest player in the market, trailing only Bitfinex and Binance. OKB has been making waves in the crypto world with impressive growth and a promising outlook. 

image 23
Source: Coinglass

The token has seen a 17.03% increase in its weekly charts and a 1.03% increase in its daily charts, according to CoinMarketcap data. Currently trading at $44.40, the token has shown remarkable growth, with a 65.7% increase in the past 30 days, according to CoinGecko.

OKB 1D graph coinmarketcap
Source: CoinMarketcap

Additionally, this price rise can be attributed to the recent announcement from the OKX, the world’s second-largest crypto exchange by trade volume, that it has partnered with Manchester City Football Club stars Jack Grealish and others to introduce the OKX Collective, a new metaverse experience crafted exclusively for fans. 

The OKX Collective offers fans a one-of-a-kind virtual metaverse experience, allowing them to experience Web3 technology and receive exclusive content, experiences, and rewards from Manchester City players they admire.

OKB Experiences Phenomenal Growth in the Past Month

The OKB token has experienced a significant upward trend since June 2022, with an even sharper rise starting from December. The token’s value has skyrocketed by 99%, reaching a record high of $45.54 on February 5th.

OKB 1Y graph coinmarketcap
Source: CoinMarketcap

Despite this remarkable surge, the OKB price seems to remain strong. The weekly Relative Strength Index (RSI) indicates overbought conditions but lacks any bearish divergence, meaning the upward momentum is likely to persist.

Support levels for the OKB price can be found at $37 and $30, and as long as the price does not drop below the latter, the upward trend is expected to continue.

The next resistance level for the OKB is projected to be $50. However, with its impressive performance and optimistic outlook, the token has grabbed the attention of both investors and traders, making it a digital asset to keep an eye on in the near future.

Related Reading | Visa Eyeing Ethereum For ‘Muscle Memory’ Settlement Plans: Report

Weekly Market Watch: Bitcoin & Ethereum’s Battle Of Bulls And Bears, Low Cap Tokens Experience Growth

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Crypto markets saw a mixed performance last week as bulls and bears engaged in a tug-of-war. Bears attempted to bring down both Bitcoin and Ethereum. Additionally, despite some alternative coins showing substantial growth at the beginning of the week, the upward trend was eventually overturned by the close of the week.

Several tokens on the list of weekly gainers have shown substantial growth, with SingularityNET (AGIX) leading the pack, followed by Render Token (RNDR) and dYdX (DYDX) in third place. Other tokens have also experienced significant gains.

SingularityNET (AGIX), a decentralized AI platform utilizing both Ethereum (ETH) and Cardano (ADA) smart contract blockchains, has recently garnered attention in the crypto sphere. Its native token, AGIX, is currently experiencing a bull run and has been named one of the most bullish tokens in the market. 

AGIX 7D graph coinmarketcap
Source: CoinMarketcap

As of Monday, AGIX is trading at $0.4211, experiencing a 27% increase in the past 24 hours and a whopping 131.15% surge in the last week. The token hit its peak at $0.4579 this week and closed the week at $0.447 after starting at $0.1697, making for a strong and impressive performance.

While AGIX’s recent surge may be exciting for investors and traders, some market analysts warn that the token’s current rally is not sustainable. The support level at $0.40 is considered shaky, and a potential break below this mark could result in a dip to $0.35 in the coming months. 

Despite these concerns, AGIX’s impressive performance has drawn the attention of the investment community, who are keeping a close watch on the young network as it continues to gain traction in the crypto market.

Another low market cap token also emerged as a weekly gainer; Render Token (RNDR) saw a significant price increase, with a weekly gain of 46.73% and a current trading price of $1.82. 

RNDR 7D graph coinmarketcap
Source: CoinMarketcap

The surge in price is attributed to the launch of the Render Network Foundation, a non-profit dedicated to maintaining the Render Network protocol, and the adoption of a new tokenomics model called burn-and-mint equilibrium. The new tokenomics model received 100% support from the project’s DAO, which appears to have encouraged market participants to accumulate RNDR.

The DYDX token, an Ethereum-based token, has experienced a recent surge in value, with a 3.06% rise in the last 24 hours and a 31% increase in the past week. The rise is due to the actions of a mysterious whale who has accumulated a large amount of DYDX tokens worth $21.4 million. The whale, who has not been identified, received 9.5 million DYDX from Binance since October 18th, 2022, as reported by TronWeekly, 

DYDX 7D graph coinmarketcap
Source: CoinMarketcap

Moreover, some popular coins are experiencing gains in weekly charts, including Shiba Inu (SHIB) with 22%, The Graph (GRT) with 37%, and ImmutableX, with an increase of 28%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

January brought a stunning rally for both Bitcoin (BTC) and Ethereum, but now it seems the two are taking a break in February, which is a positive sign as vertical rallies are not often sustainable. A slight decrease could eliminate uncertainty among long-term holders, offering an opportunity for them to expand their portfolios.

Bitcoin saw a brief period of glory when it reached a record high of $24,255 on February 2nd, but a drop followed as short-term traders took profits. However, Bitcoin is near a solid support range of $22,800 to $22,300.

BTCUSDT 2023 02 05 23 56 45
Source: Tradingview

Ethereum also saw a significant surge in value over the week, beginning at $1,567.42 and reaching a peak of $1,704.46. ETH has been trading close to the $1,680 resistance level for the past few days, and a tight consolidation near an overhead resistance typically leads to an upward trend.

ETHUSDT 2023 02 05 23 57 57
Source: Tradingview

However, CoinMarketCap data shows that the current trading price for Bitcoin is $22,839.27, with a 2.37% decrease in the past 24 hours and a 3.37% drop over the past seven days. Meanwhile, Ethereum is being traded at $1,630.20, experiencing a 2.23% drop in the past 24 hours and a slight 0.25% increase over the past seven days.

Cardano (ADA) Surge: Sharks & Whales Fuel 65% Price Hike In 2023

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Cardano’s (ADA) price has skyrocketed in 2023, soaring more than 65% higher and showing no signs of slowing down. This impressive rise can be largely attributed to key players in the crypto market, namely sharks and whales, who are accumulating large amounts of ADA.

In recent days, addresses holding between 100,000 and 100 million ADA have seen an increase in the number of coins stored in their combined wallets, hitting levels not seen since November 8th. Today, the number of $100k+ whale transactions reached a 12-week high, according to data from santiment.

However, the increased accumulation by these large investors, commonly referred to as whales, has had a significant impact on Cardano’s price growth. Their large investments drive demand for the cryptocurrency, leading to price increases and attracting even more investors.

It is a clear indication that major players in the market are taking a serious interest in Cardano and driving up its value. As more and more people seek to diversify their portfolios and invest in cryptocurrencies, its strong performance and increasing popularity make it a strong contender for those looking to invest in the crypto market.

Cardano Price Soars, Additional Factors

According to the CoinMarketcap, ADA is currently trading at $0.404 with a slight rise in the daily chart and 5.74% growth in seven days chart. Additionally, the price has seen a 50% increase in the last 30 days and 10% over the previous 14 days.

ADAUSDT 2023 02 04 18 40 01
Source: Tradingview

Cardano (ADA) has seen a significant price surge due to key market players accumulating the cryptocurrency. While the boost can also be attributed to macroeconomic events and the broader financial markets, along with the recent launch of the overcollateralized stablecoin, Djed, on the Cardano mainnet. 

Since its launch, 1.85 million DJED have been minted, although its growth has been modest so far, with a total value locked (TVL) of $11.67 million, according to DefiLlama’s data.

Djed is designed to use the volatility of ADA to create a stablecoin pegged to the USD, making ADA a reserve currency. The stablecoin’s reserve ratio of 633% gives it the potential to impact ADA’s price by creating a supply shortage.

However, with only 29.4 million ADA in the Djed reserve, it hasn’t yet reached the volume needed to impact the price significantly. Its total circulating supply is 34.6 billion ADA, so it remains to be seen whether Djed can continue to grow and drive a supply shortage for ADA.

Related Reading | Whale Watch: $17M In Dogecoin Departs Binance On Feb 3rd 

Fantom (FTM) Soars 30% In A Week With Network Developments Fueling Growth

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Fantom (FTM) has staged a remarkable comeback, having overcome major resistance at $0.64 after days of recovery. Over the last seven days, the cryptocurrency has seen a surge of 30%, marking a noteworthy shift in the market.

FTM experienced a low point in May 2022, with its price plummeting to $0.20 amid the market turmoil caused by the TerraUSD crash. 

Despite attempts at recovery, rising global inflation and the FTX exchange collapse proved too much for the cryptocurrency. By early November, FTM hit a new low, reaching a value of $0.1635.

FTMUSDT 2023 02 03 08 32 24
Source: Tradingview

Fantom (FTM) has shown signs of resurgence starting in January, sparking optimism among investors in its ecosystem. The cryptocurrency has experienced a meteoric rise of 200% over the course of just 30 days, leading some to believe that the next bull market has arrived, as per CoinGecko’s data.

image 20
Source: CoinGecko

Its trading volume has seen a significant increase of 20%, a growth hailed as a bullish sign in the market. Additionally, this spike in volume is seen as a sign that investors are eagerly accumulating the cryptocurrency, positioning themselves for the next rally, which is expected to take the price to $0.80 or $1.

However, excitement is building as the market waits to see where Fantom’s recovery will take it next. Currently, according to the data from CoinMarketcap, the token is trading at $0.6423, with a 6% rise in the last 24 hours.

Fantom Toward Developments With Ambitious Roadmap

Fantom is set to narrow its focus on the decentralized application (dApp) ecosystem in 2023. Co-founder and architect Andre Cronje is returning to the project with a roadmap aimed at making FTM highly competitive. 

Cronje aims to deliver “the highest throughput blockchain available” for a secure settlement layer for all decentralized activity. The new roadmap will emphasize gas monetization for revenue generation, with dApps sharing revenue based on gas usage.

Gas subsidies will make user onboarding seamless and eliminate the need for a wallet and prior knowledge of FTM or gas fees. The Fantom Virtual Machine will be updated with new middleware to reach the physical limitations of the hardware. 

The consensus engine will have “true finality” and reach consensus in 700ms-900ms, making the system synchronous for dApp development.

However, work on the roadmap has already begun, with the team focusing on making the life of dApp developers easier. The features being developed by Cronje are set to revolutionize the dApp ecosystem and drive growth in the space.

Related Reading | Binance And WazirX: The Clash Of Crypto Exchanges

Avalanche Network Upgrade Boosts AVAX 22% In 7 Days & 180% In Trading Volume

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Avalanche (AVAX) has been experiencing growth, fueled by its recent partnerships with tech giant Amazon and finance platform Intain over the past few weeks. 

However, the network’s latest upgrade has also played a key role, propelling AVAX to reach new highs with a remarkable 18% increase over the past 24 hours.

Despite being impacted by the widespread price drops in the crypto market during the final quarter of the previous year, Avalanche (AVAX) has been making waves as one of the strongest performers in recent weeks. 

With a 22% increase in the past week and a remarkable 40.6% growth in the last two weeks, the altcoin has demonstrated its resilience and potential for continued success.

AVAXUSDT 2023 02 02 08 06 41
Source: Tradingview

According to the data from CoinMarketcap, AVAX is trading at $22.13, with an astonishing 112% boost in trading volume over the last 24 hours. It comes on the heels of a tremendous 30-day period, where the token’s value skyrocketed by a remarkable 99%, per CoinGecko’s statistics.

AV
Source: CoinMarketcap

Technically, the token’s price may continue to rise toward the $24 level or even $26. However, it is essential to note that if the price fails to clear the $22 resistance, it could continue to move down toward the support at $18.

Avalanche (AVAX) Price Driving Factor

AVAX’s impressive rally is spilling over into other areas of its ecosystem, as Avalanche, the blockchain platform for decentralized finance, has released version 1.9.8, known as Banff 8. 

According to Patrick O’Grady, the update includes PROXY Protocol v1/v2 support and optimized P-Chain validator lookup, as well as a new P2P network client helper utility.

Banff 8 is backward compatible with version 1.9.0, but its use is recommended for optimal performance. The update does not affect custom virtual machine interfaces, and users running version 1.9.7 do not need to upgrade to Banff 8.

One of the key features of Banff 8 is the support for P2P traffic proxied through the PROXY Protocol, allowing validators to implement custom networking logic and protect their node from specific inbound connections or traffic.

Additionally, the update significantly reduces the latency of getCurrentValidators by 80% through better caching of delegator information. In a future release, getCurrentValidators will only return delegators if specific NodeIDs are provided.

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Lastly, Banff 8 introduces a P2P network client helper utility, making it easier for applications to connect directly to the Avalanche mesh network and exchange messages with validators without running a full node. This utility can be used to build network monitoring tools, stateless clients, and even Avalanche Warp Messaging relayers.

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Ethereum Soars 60% Since June – Analyst Sees Sky-High Potential Over $2,000

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David Keller, a prominent market strategist, recently took to Twitter to express his bullish outlook on Ethereum. Keller, who serves as the Chief Market Strategist at StockCharts.com, stated that Ethereum had seen a significant rally, with ETH/USD up 60% since June 2022.

Despite the impressive gains, Keller believes there’s even more potential for the world’s second-largest cryptocurrency by market capitalization. In his tweet, he noted that a follow-through above resistance at $1,700 could clear the way for Ethereum to reach $2,000 and beyond.

Investors and traders alike will be closely watching Ethereum’s performance in the coming days and weeks, eager to see if Keller’s prediction will come to fruition. As the crypto market continues to evolve and mature, Ethereum’s performance will be a crucial barometer of the overall sentiment in the space.

Regardless of what the future holds, one thing is certain – Ethereum’s recent rally is a testament to its growing popularity and adoption, and Keller’s bullish outlook is yet another sign of the increasing confidence in the crypto asset.

Ethereum Rallies 7% As Analyst Predicts Further Upsides

Ethereum, the world’s second-largest cryptocurrency by market capitalization, is up over 7% and currently trading at $1,669.01. The coin marked today’s highs at $1,688.01 and could potentially rise further if it clears the $1,700 resistance zone.

ETHUSDT 2023 02 02 02 17 47
Source: Tradingview

Earlier today, ETH gained momentum and rallied above the $1,660 resistance zone. There was also a break above a major bearish trend line with resistance near $1,580 yesterday, which has paved the way for further upsides.

In the past few days, it has found a strong support near the $1,540 zone, allowing the price to form a base and start a fresh increase above the $1,600 resistance zone.  Additionally, the weekly chart of ETH looks promising, with a gain of 4.11% and a 60% trading volume in the last 24 hours.

image 7
Source: CoinMarketcap

However, as ETH consolidates its gains, analysts, and traders will closely watch the crypto asset to see if it can clear the $1,700 resistance zone. If it does, it could signal further upside for Ethereum, which might be at $2,000.

Related Reading | Filecoin (FIL) Offers New Opportunity To Buy In While Orbeon Protocol (ORBN) Price Increases Again

Dogecoin Soars To New Heights: 40% Increase As Whale Transactions Skyrocket

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Dogecoin, the meme-inspired cryptocurrency, is making headlines once again with its recent surge in activity. According to Santiment, a leading crypto analytics firm, Dogecoin saw its highest whale transactions of the year on January 31st, marking a major break-out for the coin.

The past few months have been highly positive for Dogecoin, with the coin experiencing a 40% increase since December 29th.

This surge can be attributed to several key factors, including major transactions by big players in the market, referred to as “whales.” These transactions have had a major impact on the coin market and have driven up demand, leading to a significant increase in price.

According to Santiment’s tweet, there was a spike in the presence of 523 $100k+ whale transactions, the highest since November 27th. Additionally, the coin is back above $0.095 for the first time since December 10th.

Dogecoin On-Chain Metrics Soar To Two Months High

86.4k active addresses have been recorded, marking the largest two-day stretch since November 2nd and 3rd. These metrics indicate that there has been a significant influx of interest in the coin, with more and more people choosing to invest in the meme cryptocurrency. 

Address activity for Dogecoin has spiked, indicating increased interest and adoption of the cryptocurrency. This increased demand is also contributing to the recent surge in Dogecoin’s value.

The meme-inspired nature of Dogecoin has led some experts to question its long-term viability. While its popularity may be driving its value in the short term, it remains to be seen if it will be able to sustain this success over the long term.

While the recent surge in Dogecoin’s value is certainly an exciting development for investors, the future of this polarizing cryptocurrency remains uncertain. However, it’s worth keeping an eye on its performance in the coming weeks.

However, despite its playful origins, the coin has proven to be a serious player in the cryptocurrency market. The coin has seen significant growth recently and continues to attract new investors and traders looking to capitalize on its potential.

According to the data from CoinMarketcap’s data, the coin is currently trading at $0.09214, with a 10% rise in the weekly chart. Additionally, the coin has seen a growth of about 31.4% in the last 30 days.

DOGEUSDT 2023 02 01 04 16 55
Source: Tradingview

Related Reading | Ethereum Supply Takes a Dip: Deflationary Value of $16 Million In January

Whale Investment Boosts DYDX Token 22% & Trading Volume 112% In 24 Hours

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A new player in the decentralized exchange game has caught the eye of crypto investors. The DYDX token, an Ethereum-based token, has seen a surge in value and trading volume, with a 22% rise in the last 24 hours. This spike can be attributed to a mysterious whale who has been accumulating the token, amassing a whopping $21.4M worth of this token.

image 5
Source: CoinMarketcap

According to the data from CoinMarketcap, the token is currently trading at $3.06, with a massive increase of about 65% in value in the last seven days. However, the token does exceptionally well in January; it starts the month at $1.10 and closes it at $3.21, representing a 168.4% rise over the previous 30 days.

DYDX 1D graph coinmarketcap
Source: CoinMarketcap

The decentralized exchange (DEX) market has seen a surge in interest and investment in recent years, with more and more investors looking for alternatives to traditional centralized exchanges. DYDX is one of the newest players in the DEX space and is already making waves.

With the rise of decentralized exchanges, security has become a top concern for investors. Unlike centralized exchanges, DEXs operate on blockchain technology, meaning that they are more secure and offer more transparency. DYDX is no exception, offering investors a secure and transparent platform for trading their tokens.

Whale Makes A Splash with DYDX Accumulation

A mysterious whale has made waves in the cryptocurrency market by accumulating a massive amount of DYDX tokens. The whale, who has remained unidentified, has received a total of 9.5 million DYDX, worth approximately $21.4 million, from Binance since October 18th, 2022.

The average price at which the whale received the tokens was $1.62, a relatively modest price compared to the recent surge in the value of DYDX. The price of DYDX has been on a steady rise since the whale’s last receipt of the tokens on January 20th.

The sudden accumulation of DYDX by a single entity has piqued the interest of the cryptocurrency community, with many speculating about the whale’s identity and motives. Some believe that the accumulation could be a sign of increased demand for the token, while others see it as a strategic move by a savvy investor.

Despite the speculation, the whale’s accumulation of DYDX has not gone unnoticed by market analysts. Many are keeping a close eye on the token’s price movements, eager to see whether the whale’s bet will pay off.

Related Reading | XRP: LBRY’s “Major Win” Sends Ripple Fans Into A Frenzy

Ethereum Supply Takes a Dip: Deflationary Value of $16 Million In January

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Ethereum, the second-largest cryptocurrency by market capitalization, experienced a decrease in its total supply last month. According to ultrasound money, the supply of ETH went down by a net of 10,145.72, resulting in a deflationary value of around $16 million.

This news is significant for the Ethereum community, as it is a sign of the network’s robustness and security. The decrease in supply can be attributed to various factors, including a shift in market sentiment. However, despite this deflationary trend, the current total supply of ETH still stands at a whopping 120,515,722.

image 4

Ethereum Network Remains Strong

Despite this dip, the Ethereum network remains one of the strongest and most secure in the cryptocurrency space. The network has been able to withstand various challenges, including network congestion and high transaction fees, and continues to attract developers, businesses, and investors.

The Ethereum network has also recently seen a lot of development activity, with new projects and partnerships being announced regularly. It is a positive sign for the future of the network, as it indicates that it will continue to evolve and grow.

Partnerships like, TronWeekly reported that the English Premier League has partnered with blockchain-based fantasy sports company Sorare to create digital player cards that are based on Ethereum.

Additionally, CoinGecko data shows that Ethereum (ETH) saw a substantial rise in price value in January, with a 30.9% increase over the past 30 days. The ETH bulls have performed exceptionally well, breaking past the key resistance of $1,659.89 and setting their sights on $1,700. As per CoinMarketcap, ETH is currently trading at $1,572.90, with a 1.21% weekly increase.

ETHUSDT 2023 02 01 01 20 04
Source: Tradingview

Moreover, CoinGecko’s latest report highlights that even with a 67.5% drop in Ethereum (ETH) prices in 2022, the number of addresses holding ≥1 ETH rose by 28.1%. The number of such addresses increased from 1.41 million on January 1st, 2022, to 1.73 million by December 31st.

However, the decrease in the supply of ETH in January is a sign of a healthy and secure network. The Ethereum community can take comfort in knowing that the network is robust and continues attracting developers, businesses, and investors. As the network evolves and grows, we can expect to see even more positive developments in the future.