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Crypto Whales

Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse

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Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse

As the dog-themed crypto asset gets ready to launch its new metaverse, a crypto whale is suddenly transferring trillions of Shiba Inu (SHIB) tokens.

According to a tweet by Whale Alert, a platform for tracking whales said that a huge number of SHIB tokens (3,323,256,285,484) worth almost $30.48 million were moved from one unknown wallet to another. 

🚨 🚨 3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallethttps://t.co/f12FEIOwzC

— Whale Alert (@whale_alert) January 12, 2023 

Metaverse Launch

The addresses used in the transactions aren’t associated with cryptocurrency markets, so it’s unlikely that the action has anything to do with buying or selling the trending meme coin.

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The Shiba Inu team has recently made several announcements, and this massive transfer of SHIB tokens has occurred in the midst of this. First, Shiba Inu’s developers said they want to unveil their new metaverse at the South by Southwest (SXSW) festival 2023 in Austin, Texas.

A virtual reality (VR) tour of the WAGMI Temple, one of 11 locations in Shiba Inu’s metaverse showcasing the Dogecoin (DOGE) competition, will be featured in the exhibition.

Expanding The Scope Of Shiba Inu

For the Ethereum-based Shiba Token Decentralized Community Project, millions of devoted SHIB supporters have organized themselves into a movement they call the #ShibArmy. As a result, the cryptocurrency is consistently placed in the top 15 by market cap. According To Shiba Inu Ecosystem’s Blog:

The unique possibilities that will be in HUBs like WAGMI Temple make SHIB: The Metaverse stand out. “HUBs are epicenters of activity within the Metaverse, offering distinctive experiences rooted in each HUB’s theme,” explains Sherri Cuono, Metaverse Advisor to Shiba Token.“ Each offers special attractions that may only be experienced in that hub. The common thread is extensive digital or digital-plus-IRL utility including activities, commerce, customization, expression, events, education, exploring and more. Users will be able to earn passive income, collect in-game resources, generate rewards, and even have their own space to build and manage their projects in SHIB: The Metaverse.”

On the other hand, the Shiba Inu team has just announced some latest upgrades to the Shibarium Network. It will soon deploy a layer-2 scaling protocol and promote Bone ShibaSwap (BONE) as the official virtual asset associated with the blockchain.

Binance, the largest cryptocurrency exchange in the world measured by volume, was prompted to stake an astounding 4 trillion Shiba Inu tokens as a result of this move.

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Source: SHIBUSD on TradingView.com

At press time, the trading price of Shiba Inu was $0.00001032 with a 24-hour trading volume of $667.322 Million. Shiba Inu’s price was up by 7.72% in the last 24 hours and up by almost 24% in the last 7 days, with a market cap of $5.655 Billion.

Featured Image from Somagnews, chart from Tradingview.com.

Muhammad Ali

Muhammad Ali is a crypto enthusiast and crypto journalist who got into crypto in 2016 by trading and investing. Having a keen interest in the monetary policy implications of Bitcoin and cryptocurrencies he began writing about crypto and blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things related to blockchain.

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Bitcoin

Bitcoin 25% Climb Signals Recovery In Crypto Market – Will BTC Soar Higher This Week?

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Bitcoin 25% Climb Signals Recovery In Crypto Market – Will BTC Soar Higher This Week?

After a strong week for bitcoin (BTC) and many other leading cryptocurrencies, traders are now on the lookout for indicators of what could spark the next bull run.

After being battered by losses for the majority of 2022, bitcoin and other cryptocurrencies are on the rise in 2023, leading to predictions that the so-called crypto winter has thawed.

Bitcoin has begun the new year on a bright note. On Saturday, Bitcoin surpassed $21,000 for the first time in 60 days. At the time of writing, BTC is trading at $21,090, up 25% in the last seven days, data by Coingecko show.

  Image: Watcher Guru

Bitcoin Could Still Climb Higher

If this week’s US economic data shows that the Federal Reserve may be nearing the end of its interest rate hikes, the prices of major cryptocurrencies could soar.

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Ed Moya, a senior market analyst at Oanda, wrote on Friday:

“Wall Street is very confident that the end of the central bank’s tightening cycle is upon us and that is providing some underlying support for crypto.” 

The most recent Bitcoin rise is still a far cry from the alpha coin’s November 2021 record high of $68,990. However, this has provided market participants with enthusiasm.

The whole cryptocurrency market lost over $1.4 trillion in value last year because of liquidity troubles, bankruptcies, and the collapse of crypto exchange powerhouse, FTX.

It didn’t take long for the so-called “contagion” to make its presence felt in all corners of the crypto market after the wave of insolvencies.

Bitcoin dropped to a two-year low of $15,480 as the FTX epidemic engulfed the cryptocurrency market.

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Whale Accumulation Boosts BTC Price

This spike in Bitcoin’s value is likely fueled by a number of causes. There is a rising expectation among market participants that the Federal Reserve would follow a more benign monetary policy by halting interest rate hikes or decreasing rates in the near future, possibly as early as the end of this year.

Last year, the Federal Reserve raised interest rates seven times, sending risky assets such as equities and tech stocks to slide.

SHIB total market cap at $5.8 billion on the daily chart | Chart: TradingView.com

In addition, data released by cryptocurrency company Kaiko indicates rising purchasing optimism among major bitcoin purchasers, commonly known as “whales,” which analysts say helps to support current high levels of demand.

Cryptocurrency whales, or crypto whales, are persons or organizations that possess enormous amounts of a particular cryptocurrency.

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Meanwhile, although bitcoin has gained a nice boost at the beginning of 2023, in conjunction with risk assets as mentioned above, market observers say the leading coin is unlikely to retest its all-time high of $69,000, but it may have reached a bottom.

Featured Image from BW Businessworld

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Crypto Whales

Whales Rush To Buy FGHT On Presale As Prices Are Set To Pump

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Whales Rush To Buy FGHT On Presale As Prices Are Set To Pump

Whales are buying up move-to-earn cryptos on presale as price is set to PUMP

Despite the crypto winter, there is a number crypto projects that have surfaced in the market with innovating objectives and purposes to fulfil and one of such is move-to-earn crypto projects. FightOut is the best example of such move-to-earn projects that are gaining traction lately as more and more people are prioritizing the importance of staying fit and healthy.

FightOut is all about helping its users achieve that by offering an opportunity to make profits by encouraging people to stay healthy and fit. The native token of FightOut, FGHT, is currently on sale and is gaining all the attention from fitness enthusiasts that it deserves. Thanks to the unique combination of physical activity and the Metaverse competition, FGHT has raised more than $1.5 million in just 24 hours.

>>>Buy FightOut Now<<<

But what exactly FightOut is all about and why investors are flocking to this new project? Let’s find out.

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FightOut (FGHT) – the newest Move-to-Earn (M2E) crypto of 2022

>>>Buy FightOut Now<<<

FightOut is the latest Metaverse-centric crypto project that helps connect blockchain technology with user actions in real life. FightOut is more than a usual M2E app, as it keeps track of a user’s exercise as well as the diet they are following, and in return, rewards them for their achievements. Users will have a complete web3 experience with a Metaverse where they will have motivation to exercise and be in good shape.

In FightOut, you will be building an avatar that looks like you by exercising and earning rewards in crypto, along with getting social recognition from the community. Your look-alike avatar can compete in the virtual world of FightOut where your progress will be depended on its stats, which means it will be directly linked to the fitness regime you are going through.

All of this has made media outlets, investors, and even crypto whales want to participate in the FightOut presale. As a result of this support, the FightOut presale is making huge progress day by day, making it one of the fastest-selling presales. In just 10 days of announcing its presale, FightOut has become a noteworthy cryptocurrency that is aiming for 50x gains after it goes live.

>>>Buy FightOut Now<<<

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Reasons to Buy FGHT during presale

Now that we have discussed what FightOut does exactly, it is time to unearth why crypto whales are taking an interest in the FGHT presale. But there are several other benefits in becoming an early supporter of this revolutionary crypto.

  • A chance to partake in fitness industry disruption

Based on expert opinion, the market size of global health market and the fitness industry has only increased since 2019. People nowadays value their health above all other things, especially after recovering from the global pandemic. At this stage, launching a one-of-a-kind move-to-earn project like FightOut is an ingenious strategy. Seasoned crypto investors and whales understand that investing in FGHT means being on the forefront of fitness industry disruption.

  • FightOut Is Utility-Based Project Meant for the future

FightOut is offering something that has never been up for grabs before in the form of its M2E crypto. While we get to see both silly and intelligent sort of ideas in the budding cryptosphere, FightOut has surpassed other M2E projects like STEPN. Powered by smart technology that keeps track of all one’s exercises, including cardio and others, FightOut gives real world use cases.

  • The NFT side of FightOut

FightOut also has an NFT side to it, which will take it into the world of Web 3.0. Users of FightOut can create NFT avatars that would be untradeable. This means that the NFT avatars will be soulbound to you, never be replicated. The NFT avatars can easily mimic their original appearance and will keep on changing as the user undergoes diet and training. The platform has also planned an in-app currency called REPS.

  • FightOut to launch a real-world gym chain

According to its official whitepaper, FightOut is preparing to open numerous real-world gyms globally by the end of 2023. Its ambitious roadmap gives us a glimpse into what this unique project has in store for all of its early supporters. By investing in FightOut in this phase, there is a possibility to get a substantial ROI once FGHT tokens go live on the FightOut platform. It is safe to assume that FightOut is planning to share countless advantages with everyone in 2023.

>>>Buy FightOut Now<<<

FightOut Raises $3 Million Setting a New Record

We already know that buying FGHT tokens via presale is the only way to claim these tokens once the presale concludes. This is making crypto investors both new and experienced ones rush to buy FGHT and receive early bird benefits. After just 10 days, FightOut has set a new record for an M2E crypto presale by raising more than $3 million.

But that is not all. There is also the fabulous offer of getting up to a 50% token bonus depending on the tokens selected for a particular vesting period. This limited period offer is applicable only till the FGHT presale earnings reaches $5 million.

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This presale is advancing toward its completion at an encouraging pace. As of now, you can purchase FGHT through the official presale website in exchange for USDT. But buyers are said to be mindful of the maximum and minimum number of tokens they can acquire. From the looks of it, FightOut is sure to be the most profitable crypto investment to end the year of 2022 with a bang.

>>>Buy FightOut Now<<<

Conclusion

FightOut is everything crypto investors look for in a budding project that has the potential to grow manifold in the future. With NFT elements and plans to open real-world gyms for actual use cases, FGHT fans need to hurry before the presale is over.

The post Whales Rush to Buy FGHT on Presale as Prices are Set to Pump appeared first on Analytics Insight.

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XRP Price Poised For A 13% Leap – If It Keeps Steady On This Route

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XRP Price Poised For A 13% Leap – If It Keeps Steady On This Route

XRP, the 7th largest cryptocurrency with more than $19.74 billion market capitalization, appears to be poised for a healthy surge.

Unfortunately for traders, investors or prospective buyers of the crypto asset, this upward movement will be temporary and the bears are expected to take control shortly after the altcoin registers an uptick in its price.

  • XRP has already lost almost 14% of its value over the last 30 days
  • The altcoin could jump all the way to the $0.44 level
  • Whales have already moved over 150 million XRP tokens

At the time of this writing, according to tracking from Coingecko, the digital coin is changing hands at $0.3932, down by only 1.4% during the last seven days.

On its month-to-date (MTD) performance, XRP registered a decline of 13.6%. However, the pattern currently being followed by its price action is indicating a minor upward movement.

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Technical Indicators Slightly Favor XRP

Over the past few days, the cryptocurrency has already tested its resistance trendline on two different occasions while it revisited its support trendline multiple times.

Source: TradingView

In doing so, XRP’s price action has made it caught in an inverted flag pattern which is a bearish model but offers a chance for a minor bullish breakout.

Currently, the $0.39 zone is a crucial support level for the altcoin as failure to hold it would mean a continuation of the ongoing downward trend for the crypto.

However, in the event that XRP manages to hold that particular line, there’s a good chance that the inverted flag pattern will provide a window of opportunity for the asset to surge all the way up to $0.443 to tally an impressive 12.5% jump.

The decline in trading volume of the cryptocurrency will eventually cool it down and pull it back to a bearish state all the way to $0.36.

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Whales On The Move

Just a few days ago, Bithomp, an XRP-focused whale tracker shared some information about an unusual transfer of large sum of the XRP token.

According to the data, around 143 million units of the altcoin worth more than $56.5 million was moved by a crypto whale from Binance to Bittrex, a major U.S. exchange company.

Large investors have been active recently, getting involved in movement of millions worth of XRP from an anonymous wallet to another for purposes of selling or facilitating withdrawal through a cold wallet.

As of posting time, it is believed by the tracker that over 150 million of the altcoin has already been moved by whales.

XRP responded with this development with a minor price increase although its gains remain temporary as it cannot sustain its upward trajectory.

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XRP total market cap at $19.5 billion on the weekend chart | Featured image from CryptoCoin Spy, Chart: TradingView.com

Christian Encila

Freelance writing is Christian’s other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he’s just like everybody else who wants to be happy with their life.

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