Qredo is down 10.92% in the last 24 hours. A significant blockchain-based travel booking platform funded by Binance is Travala.com.
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3 Crypto Stocks To Watch Out This Good Friday
Crypto stocks are on the lips of most investors after a rebound of digital assets ushering in the bull cycle. Crypto stocks are shares of companies that are exposed to Bitcoin (BTC), other digital assets, or blockchain technology. It is worth noting that the current bull run was sparked off by institutional investment in Bitcoin. The post 3 Crypto Stocks To Watch Out This Good Friday appeared first on CoinGape .
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Binance executives launch legal battle against Nigerian authorities
Nigeria, high position officials of Binance, the global cryptocurrency exchange, are facing a court case with the security forces in the country. Tigran Gambaryan, the detained Binance executive, and Nadeem Anjarwalla, the African manager of the company, have both brought lawsuits against the National Security Adviser (NSA) Nigeria and the Economic Financial Crimes Commission (EFCC),
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Shiba Inu Lead Dev Tells Ethereum Founder, ‘It’s Just The Start’, Here’s Why
Shiba Inu (SHIB) lead developer, Shytoshi Kusama, recently told Ethereum’s co-founder Vitalik Buterin that he should expect more improvement from the SHIB ecosystem soon. This comes in response to Vitalik’s comment in which he praised the meme coin. More To Come From SHIB Kusama responded to Vitalik in an X (formerly Twitter) post, in which
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Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally
Shiba Inu has gone on various price spikes in the past few months amidst a surge in activity and interest in the meme coin. This price movement has prompted traders and analysts to ponder on when SHIB can reach the much coveted $0.0001 mark, a price level which it has largely failed to reach despite the impressive price action. Micheal_EWPro, a crypto analyst, posted an analysis on when SHIB could potentially reach the $0.0001 price level. According to him, the current dynamics could push SHIB above $0.0001 in June. Interestingly, his price prediction is based on the Elliott Wave Theory. Analyst Reveals SHIB Is Going To $0.0001 According to the SHIB chart shared by Michael on the 3-day candlestick formation, the meme coin’s price formation since 2022 has largely followed the Elliott Wave count. The Elliot Wave Theory is basically a technical analysis method that analyses price movement traditionally in terms of a 5-wave move in the direction of the larger trend and a 3-wave correction in the opposite trend. Related Reading: XRP Price Enters Pre-Bull Rally Phase: Crypto Analyst Reveals Next Target Each of these Elliott Wave can be further subdivided into various patterns of smaller degree impulses based on their formations. However, all the subdivisions add up to one larger wave impulse. Using this knowledge of Elliot Wave Theory, the analyst noted that SHIB has started the formation of the third of five larger degree waves since October 2023 albeit with smaller degree impulses which he labelled as i, ii, iii, iv, and v. Traditionally, the third Elliot Wave is usually the largest and most powerful wave in a trend where most of the price action takes place. As a result, his analysis points to the third wave ending at a price just above $0.0001 in the first week of June. The analyst did implore a take-profit at $0.00008854 and a final price target of $0.00010191, while also noting that the bulls still have some work to do before this price point can come to a reality. $SHIB bulls got a little work to do here on 3D but after that I think it sends to my sub 5 TP pic.twitter.com/YQLQqw8bxH — BigMike7335 (@Michael_EWpro) March 24, 2024 What’s Next For Shiba Inu? Shiba Inu has reversed since reaching $0.00004456 and has majorly traded between $0.000030 and $0.0000275 since the beginning of the week. However, analysts and SHIB enthusiasts remain positive, especially with SHIB securing a listing on an Australian-based crypto exchange. Related Reading: The Road To $100,000: Bitcoin Whale Accumulation Explodes This positive sentiment recently pushed SHIB to second place in crypto searches. At the same time, Shiba Inu’s layer-2 platform, Shibarium, has seen its TVL surging to a new high of $3.9 million. At the time of writing, SHIB is trading at $0.00003097, up by 14% in the past seven days. SHIB price at $0.000031 | Source: SHIBUSDT on Tradingview.com Featured image from TronWeekly, chart from Tradingview.com
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