Bucking – Cryptocurrencypanther

Shiba Inu Price Prediction as Meme Coin Market Cap Sees First Decline Since March – This Hidden Coin is Bucking … – Cryptonews

admin — Wed, 17 Apr 2024 08:34:24 +0000

Shiba Inu Price Prediction as Meme Coin Market Cap Sees First Decline Since March – This Hidden Coin is Bucking … Cryptonews

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Bitcoin, Ethereum, Dogecoin All Slip Into Red But This Top-10 Crypto Is Bucking The Trend

admin — Fri, 27 Aug 2021 04:26:59 +0000

Solana (CRYPTO: SOL) is swimming against the current as major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) plunged on Sunday night.

What’s Moving? SOL traded 13.69% higher at $82.45 over 24 hours at press time and was up 12.17% for the week. Minutes before press time, SOL touched an all-time high of $83.44.

The Decentralized Finance (DeFi) and Decentralized Application (DApp)-focused project’s coin rose 17.76% and 17.78% against BTC and ETH respectively over 24 hours.

See Also: How To Buy Solana (SOL)

In the same time frame, BTC and ETH fell 2.89% and 2.77% to $47,331.07 and $3,123.37, respectively. Shiba Inu-themed DOGE fell 5.62% to $0.27 over 24 hours.

SOL has shot up 4,407.61% since the year began, nearly matching the 4,699.46% gains made by DOGE in the same period.

Why Is It Moving? Pyth Network became the first cross-chain oracle to deliver real-time institutional grade market data to DeFi apps and platforms on-chain with the launch of Solana Mainnet on Aug. 26, as per a statement.

“Pyth will be able to broadcast market data through the Wormhole Network to communicate with dApps across the Ethereum, Binance Smart Chain (BSC) and Terra ecosystems, “ said the statement.

Wormhole is a decentralized attestation engine that trustlessly bridges information between the above-mentioned supported chains.

Last week, Wormhole launched its mainnet, shortly after which a spike was seen in SOL’s price.

“The Wormhole interoperability protocol is a huge leap forward in decentralized finance and demonstrates the value of oracle networks like Pyth,” said Chris Zuehlke, Partner at DRW and Global Head of Cumberland.

As per Pyth Network, Solana is able to meet the transaction speeds of Nasdaq and the total value locked across its ecosystem is in the region of $2.5 billion.

“As DeFi and TradFi continue to converge on the Solana blockchain, we believe Pyth’s ability to connect high-fidelity, time-sensitive, real-world data with DeFi applications will play a critical role in the industry’s evolution,” said Dave Olsen, President and Chief Investment Officer of Jump Trading Group, a trading firm involved with Pyth Network.

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Why Is Shiba Inu Bucking The Trend, Outperforming Bitcoin, Dogecoin Today?

admin — Tue, 17 Aug 2021 07:13:59 +0000

SHIBA INU (CRYPTO: SHIB) rose over 3% in the early hours of even as major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) declined.

What’s Moving? SHIB rose 5.19% to $0.000009 over 24 hours at press time. Over a seven-day period, SHIB has soared 16.96%.

The self-described Dogecoin-killer moved 6.8% higher against BTC and was up 7.41% against ETH. In the last 30-day period SHIB rose 30.65%.

Meanwhile, DOGE traded 2.73% lower at $0.35 over 24 hours.

Why Is It Moving? There’s no immediate news or update to explain Shiba Inu’s surge but it comes amid high social media interest.

SHIB was among the top trending coins on Twitter Inc’s (NYSE:TWTR) platform at press time, as per data from Cointrendz. The meme cryptocurrency also attracted high interest from retail investors on social media, being the top trending cryptocurrency on Stocktwits at press time.

The coin’s growth comes despite the latest rally in major cryptocurrency taking a breather in the late hours of Monday.

Benzinga’s Tyler Bundy noted that the $0.00001 level has acted as resistance for SHIB, noting that the cryptocurrency has entered overbought territory and could shoot higher should the momentum continue.

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