Why Shiba Inu Rallied 33%? Audius, Avalanche, Origin Protocol Steal


$810 million in BTC options are set to expire this Friday. With both bulls and bears determined on a show of strength in the hours preceding the option’s expiry, the $48,000k level remains a critical level to squash.

Across the Altcoin space, selected tokens such as Shiba Inu (SHIB, +19.64%), Audius (AUDIO), Avalanche (AVAX, +19.26%), Origin Protocol (OGN, +14.80%), MOBOX (MBOX, +28.04%), inSure DeFi (SURE, +48.82%) were putting up impressive performances.

Shiba Inu rose from lows of $0.00000651 on Sept 16 to reach highs of $0.00000861, gaining nearly 33% following the news of its Coinbase listing. The SHIB token shared the Coinbase announcement to the joy of its fans ”SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB”.

The coming days are set to see increased adoption across the space, as the European Union is reportedly looking to bolster technological development in the region with a planned $177 billion investment war chest. According to Bloomberg, EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G, and quantum computing, among others.

Bitcoin traded at $47,395 as of the time of post.

Audius, Avalanche, Origin Protocol Steal the Spotlight

Audius (AUDIO)
Audius shot into prominence months back through its integration with TikTok and new NFT features. On Sept. 16, Audius rallied an impressive 36% to highs of $3 following the news that the blockchain-powered streaming startup is about to announce a multimillion-dollar investment round funded by superstar artists and music executives.

As stated in a Rollingstone interview, Audius is set to announce a $5 million round of strategic funding led by major music celebrities such as Katy Perry, Nas, The Chainsmokers via their Mantis VC, Jason Derulo, Pusha T, Steve Aoki, Linkin Park’s Mike Shinoda, and Disclosure.

Avalanche (AVAX)
Avalanche (AVAX) rose to fresh all-time highs of $68.55 today following news that the Avalanche Foundation has raised a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital to support the growth of the DeFi ecosystem and user applications.

The $230M capital — raised through the private sale of its native token — will be allocated by the foundation across a multitude of use-cases within its blockchain, including “grants, token purchases, and various forms of investments and technology support.”

DeFi platform Aave had earlier announced a future community-wide vote on whether the “deployment of smart contracts in Avalanche C-Chain and activation of liquidity mining program” would be beneficial to the collaboration of the two ecosystems.

At the time of post, AVAX traded at $63.99, up 15.35% in the last 24 hours and 56.88% on a 7-day basis. With a present market capitalization of $14.20, AVAX has flipped Chainlink (LINK) to rank 13th largest.

Origin Protocol (OGN)
On Wednesday, September 15 at 8:02 p.m. EDT, 00:02 UTC on September 16, SpaceX’s Falcon 9 successfully launched the Inspiration4 mission – the world’s first all-civilian human spaceflight to orbit – from historic Launch Complex 39A at NASA’s Kennedy Space Center in Florida. Taking a cue from the historic event, Origin protocol has opened bids for a charity auction in honor of the event on its NFT launchpad. Stating:

”Because @inspiration4x is a historic first for civilian space travel, we thought that another was in order. Introducing the first @0xPolygon #NFT available to the $OGN ecosystem. At only $4, anyone can be a part of the mission to help @StJude”

Origin Protocol traded at $1.14 as of press time.

Image Credit: Shutterstock

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