Der einflussreiche Unternehmer will die „Crypto Cowboys“ wie Tornado Cash aus dem Markt haben, damit endlich mehr institutionelles Kapital den Einstieg wagen kann.
Shiba Inu’s 30% surge causes a social media sensation: here’s where to buy SHIB
Shiba Inu has become a sensation on social media after registering a surge of about 30% over the weekend. The surge sent SHIB price to a high of $0.00001766 before retracing to its current price of $0.00001575.
At the time of writing, Shiba Inu was still bullish as analysts still predict a further price in the coming days.
To help new investors and traders who are eyeing the coin, Coinjournal has created on why SHIB surged over the weekend while also providing insight on some of the best places where SHIB can be purchased.
To find out more, please continue reading.
What caused the weekend Shiba Inu price surge?
Crypto traders and investors are attaching the SHIB price surge to Shiba Inu’s metric which is showing a rise in the SHIB burn rate. On August 14, when SHIB registered a 27% surge, the burn rate had jumped by 85%. To date, the Shiba Inu network has burned SHIN tokens worth over $6.36 million worth.
Approximately ten days ago, Binance also announced that it had added AVAX and SHIB support on its payment cards issued in Europe thus giving Shiba Inu more exposure to the European market.
We are pleased to announce that @binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.
You can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!https://t.co/0Xj7IXPyt0 pic.twitter.com/FqINtnHFWx
— Shib (@Shibtoken) August 5, 2022
Shiba Inu price prediction
A majority of crypto analysts predict a further SHIB Inu price surge in the coming days seeing that SHIB has broken out of a prevailing cup-and-handle pattern. The breakout has raised Shiba Inu’s prospects of registering a further price hike.
The majority are expecting the meme coin to register a 50% surge by September with a price target of $0.00002253.
Best places to buy Shiba Inu
eToro
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Capital.com
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Buy SHIB with Capital.com today
$SHIB social media trends
JUST IN: Shiba Inu has flipped #Avalanche to become the 12th largest cryptocurrency in the world by market value.
— Watcher.Guru (@WatcherGuru) August 14, 2022
Thank you for being the best community ever #ShibArmy! pic.twitter.com/8amWPSbQam
— Shib (@Shibtoken) August 14, 2022
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Reviewing the bull case for Monero as it completes the network upgrade
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Monero completed its hard fork on Saturday for more network privacy and security
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The native token has not reacted to the hard fork and was down on Monday
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Monero remains on an uptrend to new heights
Monero XMR/USD successfully completed its network hard fork on Saturday. The privacy-focused blockchain said the network is now more private and efficient. The upgrade comes with Bulletproofs+ algorithms for faster transaction speeds. Introduced view tags on the network will also cut wallet sync times by up to 40%.
The successfully deployed hard fork comes with the benefits of more security and privacy. The benefits are especially to boost its native token. Monero has been surging in anticipation of the upgrade and improved crypto sentiment. The token currently trades at $166, up from a low of below $100 in mid-June.
Despite the latest upgrade, the Monero token is yet to post robust gains. As of the time of writing, the token was down by 2.18%, with the trading volume up just 10%. The slowdown is occurring across the crypto sector. The indecision underlines that Monero had already priced in the positive news. The upgrade was already a long-awaited event. But how bullish is Monero?
Monero slows amid the latest network upgrade
Source – TradingVew
Monero remains on a solid uptrend despite the boosts from the hard fork. The token is supported by the 21-day and 50-day moving averages, with the latter joining recently. The MACD indicator shows waning momentum, a suggestion of a potential retracement.
Concluding thoughts
Although Monero’s momentum is weakening, it is on a clear uptrend. The cryptocurrency is yet to reach the established resistance at $204. Any correction is an opportunity to buy. The latest upgrade could still be the boost needed to take the Monero token to the next level.
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Shiba Inu breaks out from an ascending triangle as price pumps
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Shiba broke past a key resistance over the weekend
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Several developments are helping Shiba Inu
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SHIB is gearing to go higher, but before then, a correction could occur
Shiba Inu SHIB/USD was a top trending cryptocurrency on Monday. Momentum has been building for the cryptocurrency signaling increased buyer interest. The Monday jump takes SHIB above a key resistance as more investors circle.
Several developments could explain the breakout in SHIB. One is the expected Shibarium TestNet. Previously, developers said that the anticipated Shibarum Public Beta testNet was set for launch in Q3 2022. The quarter ends in September. However, the community remained optimistic that the Testnet upgrade was set to launch between August 15 and 21.
Another development that sparked interest in SHIB is the upcoming online game. Also known as Shiba Eternity, the game promises to help Shiba Inu shed its meme tag. To some other extent, Shiba Inu is also believed to be fueled by gains in Ethereum. Shiba Inu is Ethereum-based, and the anticipated shift to Proof-of-Stake may boost the token. The move is expected sometime in September. SHIB investors could be reading between the lines ahead of the upgrade.
SHIB breaks out and rises above an ascending triangle
Source – TradingView
From the daily chart, Shiba Inu token broke above the resistance at $0.000012. The resistance and the trendline formed an ascending triangle. The token is currently retreating from an overbought region.
The breakout sets SHIB up to the next resistance at $0.00002. However, SHIB could slide to retest the support at $0.000012. Investors should take advantage of the retracement.
Summary
Shiba Inu broke from an ascending triangle as investors bought the token. A range of positive developments boosted the meme token. SHIB is retracing, but the upside remains in place. The next resistance is $0.00002.
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Zipmex gets a three months moratorium extension to resolve liquidity issues
The Singapore High Court has given Zimplex crypto exchange a three months moratorium extension to resolve its liquidity issues.
Zimplex, a leading South Asian crypto exchange, has been going through tough times that resulted in an abrupt halting of client withdrawals last month before allowing limited withdrawals a week later. The exchange later filed for bankruptcy protection in Singapore seeking protection from creditors.
In its petition, Zipmex Group was requesting a six-month moratorium extension for its five entities: Zipmex Asia, Zipmex, Zipmex Thailand, Zipmex Australia, and Zipmex Indonesia to avoid any potential creditor lawsuits. However, the court has granted it just over three months to address its liquidity issues. The extension was extended to December 2.
Zimplex joins Vauld, which like Zimplex had halted withdrawals in July and received a three months moratorium extension earlier this month from the Singapore High Court.
Zimplex’s liquidity crisis
Zimplex liquidity crisis was triggered by its exposure to Celcius and Babel Finance, two crypto lenders that have been on the verge of insolvency. Both Celsius and Babel Finance have halted withdrawals to date.
Zimplex is currently working on resolving its financial crisis in the hope of re-enabling fund transfers between its Trade and Z wallets soon. In particular, Zimplex is presently seeking to raise funds and it recently said it signed a memorandum of understanding with two investors.
The Z wallet from which clients are currently not allowed to withdraw assets allows users to use the ZipUp+ feature to deposit crypto holdings and earn rewards. It also allows users to deposit and withdraw fiat currency and trade and store cryptocurrencies.
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