![Shiba Inu [SHIB] bull run is here? Thanks to the hype surrounding…](https://i.headtopics.com/images/2023/2/5/cryptoamb/shiba-inu-shib-bull-run-is-here-thanks-to-the-hype-shiba-inu-shib-bull-run-is-here-thanks-to-the-hype-1622196588822073344.webp)
ShibaInu [SHIB] bull run is here? Thanks to the hype surrounding...
Metrics and market indicators supported the possibility of a further uptrend., SHIB registered double-digit weekly gains. At the time of writing, its price had increased by more than 8% in the last 24 hours and was trading at $0.00001501 with a market capitalization of over $8.2 billion.. However, a look at SHIB’s on-chain metrics suggested that a few other factors were also at play.Santiment’s chart revealed that SHIB’s MVRV Ratio shot up considerably over the last few days as its price soared.
network growth registered an uptick which clearly hinted that Shiba Inu was not under selling pressure.pointed out that SHIB’s exchange reserve was decreasing, suggesting a rise in demand.The increase in price also made the meme coin the first choice of the whales. WhaleStats, a popular Twitter account that posts updates related to whale activity, revealed that SHIB topped the list of the cryptos that the top 1000 Ethereum whales were holding.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum burn hits 2-month high thanks to these sourcesThere was a notable increase in the number of ETH burned, but miner revenue declined. Ethereum’s development activity prevailed in highs as Shanghai upgrade draws near. The EIP-1559 proposal was approved as a solution to congestion of the Ethereum [ETH] network. Reportedly, the proposal will also help the blockchain with token deflation. The activity somewhat […]
Read more »
Conrad Black: J.K. Rowling deserves our thanks for cracking the woke consensusHer views are completely unexceptionable, as are those of almost all feminists who do not go to extremes
Read more »
Polygon’s DeFi space shows increased promise: How will MATIC react?MATIC flipped SHIB to become the most traded token among whales. MATIC’s weekly chart was green and market indicators suggested a further price hike. Polygon [MATIC] has shown growth in its DeFi space over the past, with several new integrations that help increase the network’s offerings and capabilities. The latest one is the integration with […]
Read more »
![Avalanche [AVAX] investors on tenterhooks as trend reversal looms](https://i.headtopics.com/images/2023/2/4/cryptoamb/avalanche-avax-investors-on-tenterhooks-as-trend-r-avalanche-avax-investors-on-tenterhooks-as-trend-r-1621623312756391937.webp?w=640)
Avalanche [AVAX] investors on tenterhooks as trend reversal loomsDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. AVAX’s price action chalked a rising channel and an RSI divergence. AVAX’s Funding Rate and development activity declined. Thanks to its January rally, Avalanche’s [AVAX] value doubled from $10 to over $20. At press […]
Read more »
Toronto restaurant ranked the most beautiful views in CanadaWhat restaurant in Toronto has the best views? Depending on who you ask, that answer might vary significantly, all thanks to the sheer number of re...
Read more »