Crypto Trading Celine

. Title: Shiba Inu Community Warned Against Fraudulent SHIB Reward Schemes Author: Sujit Kumar Date: 01-06-2024 12-59-48 ShibArmy Scam Alerts has issued a critical warning to the Shiba Inu community about the rise of fraudulent schemes promising SHIB rewards. The Shiba Inu team has clarified that no official SHIB rewards distribution is currently taking place.embedhttps://twitter.com/susbarium/status/1796613985359302778/embedBeware of ScamsAs Shiba Inu's popularity grows, so do the attempts by scammers to exploit the community. These deceptive offers often entice users to connect their wallets to illegitimate websites, leading to financial losses and compromised security. ShibArmy Scam Alerts, a dedicated X account, highlighted the urgency of this issue:"There is no SHIB rewards distribution done by us, so please be smart before connecting your wallet to any sites to gain these rewards. Stay safe shibarmy and keep your eyes open," the alert reads.Consequences of Connecting WalletsConnecting your wallet to unverified sites can have severe consequences. These platforms might be phishing sites designed to steal sensitive information or gain direct access to funds. The promise of free rewards can be enticing, but it’s crucial to remain cautious. Thoroughly research any platform or website before engaging with it.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Dogecoin and Shiba Inu Active Addresses Compared to Top Cryptos Author: Sujit Kumar Date: 01-06-2024 05-55-35 Market intelligence platform IntoTheBlock recently shared an infographic revealing the daily active addresses for various top cryptocurrencies. An address is considered "active" when it participates in a transaction, indicating user engagement on the blockchain.Dogecoin vs. Shiba Inuembedhttps://twitter.com/intotheblock/status/1796448960946549239/embedThe infographic highlights that Dogecoin (DOGE) has 56,980 daily active addresses, placing it in the middle of the list. In contrast, Shiba Inu (SHIB) has only 6,770 daily active addresses, positioning it second last among the top cryptocurrencies analyzed.Top Cryptos by Active AddressesOther leading cryptocurrencies significantly outperform both DOGE and SHIB in terms of daily active addresses. Tron (TRX) leads the pack with 2.26 million active addresses, four times that of the next best, Bitcoin (BTC). Bitcoin, Ethereum (ETH), and Litecoin (LTC) also show substantially higher user activity compared to the meme coins.Solana’s Absence and Potential ImpactSome users questioned the absence of Solana (SOL) from the list. IntoTheBlock explained that their tools currently do not support the SOL network. However, another source estimates Solana's daily active addresses at 1.5 million, which would rank it second after TRX, further pushing down Dogecoin and Shiba Inu.Meme Coins' Popularity vs. User ActivityDespite their popularity and high market capitalization, Dogecoin and Shiba Inu lag behind in network activity metrics. This suggests that while they have a strong following among investors, they are yet to achieve similar levels of transaction activity as the top-performing cryptocurrencies.DOGE Price UpdateAs of now, Dogecoin is trading at $0.157, having experienced a price drop of over 3% in the past 24 hours. This recent dip highlights the volatility and ongoing challenges faced by meme coins in maintaining their market positions.ConclusionDogecoin and Shiba Inu have made significant strides in popularity but still have a long way to go in terms of daily active addresses compared to major cryptocurrencies. The data suggests that while these meme coins attract many investors, their actual blockchain usage remains relatively low.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Ethereum May Hit New All-Time Highs Before Bitcoin, Says Analyst Author: Sujit Kumar Date: 31-05-2024 06-57-06 Ethereum (ETH) might achieve new all-time highs before Bitcoin (BTC) reenters price discovery, according to Michaël van de Poppe, founder and CEO of trading firm MNTrading. In his latest market analysis, van de Poppe suggests that ETH/USD is likely to see significant upward movement, potentially outpacing Bitcoin.Spot ETFs Boosting Market SentimentThe crypto community is eagerly awaiting the launch of spot ETF products for Ethereum in the United States. These products, while not yet fully approved for trading, have received a notional green light from regulators following a surprising policy reversal. This development is expected to diminish Bitcoin’s dominance in the overall crypto market cap, providing more growth opportunities for altcoins like Ethereum.Market Dynamics and PredictionsVan de Poppe believes that Bitcoin’s market dominance has peaked at 58% this cycle, suggesting that altcoins, particularly Ethereum, are undervalued compared to Bitcoin. He predicts that Ethereum will likely reach a new all-time high soon. Currently, ETH/USD is trading at around $3,850, still below its record of $4,900 set in late 2021.Bitcoin ETF MilestoneThe Bitcoin ETF landscape recently saw a significant shift as BlackRock’s IBIT surpassed the Grayscale Bitcoin Trust (GBTC) in BTC holdings for the first time. As of May 28, IBIT accumulated 288,670 BTC compared to GBTC’s 287,450 BTC. This "flippening" has been a milestone anticipated by market observers for some time. Since its conversion to a spot ETF in January, GBTC has seen a steady decline in assets under management, dropping from nearly 620,000 BTC to a 53% lower tally.Investor Interest and Market ShiftsInterest in Bitcoin ETFs has surged recently, with net positive inflows for ten consecutive days. Meanwhile, Grayscale has faced internal upheaval, including the resignation of CEO Michael Sonnenshein. This shifting landscape suggests a dynamic and evolving market, with Ethereum potentially leading the charge in the altcoin space.ConclusionEthereum’s potential to hit new all-time highs before Bitcoin highlights the evolving dynamics within the cryptocurrency market. With the anticipated approval of Ethereum spot ETFs and a shifting market focus towards altcoins, investors are keenly watching ETH’s trajectory for the next significant price movement.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Bitcoin’s Correlation with Gold Rises but Remains Below 2022 Highs Author: Sujit Kumar Date: 31-05-2024 05-36-50 Bitcoin (BTC) and gold have shown an increasing correlation over the past few months, according to data from Kaiko. This trend indicates a growing relationship between the two assets, although the current correlation remains significantly lower than its 2022 highs.Understanding Correlation Metricsembedhttps://twitter.com/KaikoData/status/1796101107065794667/embedCorrelation measures how closely the prices of two assets move together. A positive correlation means both assets move in the same direction, while a negative correlation indicates they move in opposite directions. A correlation value close to 1 signifies a strong positive correlation, whereas a value close to -1 indicates a strong negative correlation. A value around 0 suggests no correlation, meaning the assets are independent of each other's price movements.Current Correlation LevelsAs of now, the 60-day correlation between Bitcoin and gold has risen to nearly 0.2, indicating a modest positive relationship. This is a significant increase from the end of 2023, when the correlation dipped into negative territory, showing the assets moved in opposite directions. However, the current level is still far below the peak of 0.5 observed in 2022.Implications for InvestorsFor investors, understanding correlation is crucial for portfolio diversification. Assets with high correlation are poor diversification choices since their price movements mirror each other. Conversely, assets with low correlation, like Bitcoin and gold currently, offer better diversification benefits as they are less likely to move in tandem.ConclusionWhile Bitcoin and gold have shown increasing correlation recently, the relationship remains weaker than in 2022. This moderate correlation can provide diversification benefits for investors looking to balance their portfolios with both assets. As the market evolves, monitoring these correlations can help investors make more informed decisions about their asset allocations.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Shiba Inu Overtakes Cardano, Nears Dogecoin in Market Cap Author: Sujit Kumar Date: 30-05-2024 06-23-12 Shiba Inu (SHIB) has made impressive advances, rising nine spots on the market capitalization rankings to become ninth. Now valued at $16.4 billion, SHIB saw its market value increase 9.2% last week - surpassing Cardano and placing just behind Dogecoin which holds onto eighth position.Profits and Performance for Price Holders.Following a recent price surge, 67.07% of SHIB addresses are profitable; this marks an all-time high since March and signifies both a notable recovery and positive sentiment among holders.Shibarium Activity and Market TrendsShiba Inu's substantial gains come despite activity on its Shibarium platform slowing. On May 30, Shibarium recorded nearly 13,000 transactions after struggling to surpass 10,000 for over a week - raising questions over its sustainability as several meme coins, such as SHIB and Dogecoin, recently experienced losses exceeding 3%.Meme Coin Market DeclinesOther meme coins like Pepe (PEPE) and Floki (FLOKI) have experienced more significant crashes of 9% and 11%, respectively, while Solana-based Bonk was hardest hit among meme coins. This decline follows allegations involving several celebrity-endorsed meme coins being scammed as well as an investor alert issued by the U.S. Securities and Exchange Commission (SEC) warning about pump-and-dump schemes operating within this market segment.ConclusionShiba Inu's remarkable rise in market capitalization and profitability shows its resilience in the crypto space despite recent market fluctuations, investors and enthusiasts will closely follow SHIB as it transforms meme coin landscape.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Whale Transfer Triggers 21% Drop in PEPE After All-Time High Author: Sujit Kumar Date: 30-05-2024 13-27-46 Earlier%20today%2C%20an%20anonymous%20whale%20transferred%20a%20significant%20amount%20of%20PEPE%20meme%20coins%20to%20Binance%2C%20causing%20the%20asset%E2%80%99s%20price%20to%20drop.%20The%20whale%20moved%20approximately%20660.7%20billion%20PEPE%20coins%2C%20which%20pushed%20the%20price%20down%20by%20another%2011%25%20from%20its%20recent%20all-time%20high.Whale%27s%20Profitable%20MoveAccording%20to%20the%20analytics%20X%20account%20%40lookonchain%2C%20the%20whale%20had%20purchased%20these%20PEPE%20coins%20a%20month%20ago.%20The%20total%20value%20of%20the%20transferred%20coins%20was%20%249.52%20million.%20Upon%20selling%2C%20the%20whale%20made%20a%20profit%20of%20approximately%20%244.95%20million%2C%20achieving%20a%2052%25%20return%20on%20investment%20in%20less%20than%20a%20month.Market%20Reaction%20and%20Price%20Impact%5Bembed%5Dhttps%3A//twitter.com/lookonchain/status/1796084144155271414%5B/embed%5DThe%20massive%20sale%20had%20a%20significant%20impact%20on%20PEPE%E2%80%99s%20price%2C%20which%20had%20already%20fallen%2014%25%20over%20the%20past%2024%20hours.%20The%20analytics%20account%20%40spotonchain%20noted%20that%20these%20coins%20were%20bought%20not%20only%20on%20Binance%20but%20also%20on%20MEXC%2C%20another%20major%20cryptocurrency%20exchange%2C%20for%20approximately%20%244.57%20million.PEPE%E2%80%99s%20Price%20DeclineSince%20reaching%20an%20all-time%20high%20of%20%240.00001718%20on%20May%2027%2C%20PEPE%20has%20plunged%20by%20more%20than%2021%25.%20This%20peak%20was%20likely%20influenced%20by%20the%20U.S.%20Securities%20and%20Exchange%20Commission%27s%20recent%20decision%20to%20approve%20spot%20Ethereum%20ETFs%2C%20which%20had%20created%20a%20positive%20sentiment%20in%20the%20market.%20As%20of%20now%2C%20PEPE%20is%20trading%20at%20%240.00001374.ConclusionThe%20recent%20whale%20activity%20highlights%20the%20volatility%20in%20meme%20coin%20trading%2C%20with%20large%20transfers%20significantly%20impacting%20prices.%20As%20PEPE%20continues%20to%20fluctuate%2C%20investors%20remain%20cautious%20about%20the%20potential%20for%20further%20market%20movements.%20The%20whale%27s%20profitable%20exit%20underscores%20the%20unpredictable%20nature%20of%20meme%20coins%20and%20the%20rapid%20shifts%20they%20can%20undergo.Disclaimer%3A%20The%20views%20and%20opinions%20expressed%20in%20this%20article%20are%20for%20informational%20purposes%20only%20and%20do%20not%20constitute%20financial%2C%20investment%2C%20or%20other%20advice.%20Investing%20in%20or%20trading%20crypto%20assets%20comes%20with%20a%20risk%20of%20financial%20loss.

. Title: Shiba Inu Sees Surge in Large Transactions: What's Driving the Activity? Author: Sujit Kumar Date: 23-05-2024 11-44-55 Shiba Inu (SHIB) has experienced a notable increase in large transactions, rising from 82 at the week's low to 341 in the last 24 hours. This sharp uptick suggests a significant boost in investor activity. The total volume of these large transactions reached 5.7 trillion SHIB, peaking at a seven-day high of 8.97 trillion SHIB on May 16, 2024.Potential Reasons for Increased ActivitySeveral factors could be driving this surge in large transactions. Whales might be repositioning their holdings in anticipation of major price action or making strategic portfolio adjustments. Additionally, there may be new partnerships or ecosystem developments within the Shiba Inu project that have yet to be announced, sparking interest among large investors.Technical Analysis Supports Bullish TrendThe SHIB price chart shows the token trading within an uptrend channel pattern, currently priced around $0.00002550. The 50-day exponential moving average (EMA) is providing support, while the 200-day EMA is approaching below the current price, indicating a medium- to long-term bullish trend.Bollinger Bands are expanding slightly, signaling increasing volatility that could lead to significant price movements soon. The Relative Strength Index (RSI) stands at 54.79, suggesting that SHIB is neither oversold nor overbought, and there is potential for an upward move.Whale Activity as a Market IndicatorThe rise in SHIB transactions can be interpreted as an indication of confidence among large investors, or whales. These entities often have access to information and resources that are not available to regular traders, allowing them to position themselves ahead of market changes. The increase in activity suggests that whales are optimistic about potential future gains from investing in Shiba Inu.As the market watches these developments, the increased transaction volume and technical indicators hint at possible bullish momentum for SHIB in the near future.

. Title: Early Bitcoin Miner Moves 2,000 BTC: Potential Market Impact Author: Sujit Kumar Date: 23-05-2024 13-30-34 An early Bitcoin miner from the Satoshi era has moved 2,000 BTC, according to Julio Moreno, head of research at CryptoQuant. These coins, mined in 2010 when Bitcoin's value was negligible, were transferred to several new addresses almost immediately, suggesting they likely went to an over-the-counter (OTC) desk or custodian.Historical Contextembedhttps://twitter.com/jjcmoreno/status/1793375641662026091/embedThe "Satoshi era" refers to the period when Bitcoin's pseudonymous creator, Satoshi Nakamoto, was active, roughly between 2009 and 2010. Bitcoin mined during these early years is considered part of its foundational history, and transactions involving such coins are rare, often attracting significant attention due to their historical value and implications for market liquidity.Possible Motivations for the TransferThe transfer of such a significant amount of Bitcoin after 14 years can be driven by various factors. The holder might be looking to capitalize on current market prices or fund new ventures or investments. Alternatively, the move could be a security measure, with the owner transferring holdings to modern wallets with advanced security features.In some cases, old addresses move small amounts first to test transaction capabilities and security before making larger transfers. The movement could also be part of a broader market strategy, such as preparing for a large sale through OTC markets.Market Speculation and ImpactJulio Moreno speculates that the coins were moved to an OTC desk or custodian, given their immediate forwarding to several new addresses. This suggests the move might be part of a larger liquidity or distribution strategy. At the time of writing, Bitcoin was trading at $69,681, down 0.5% in the last 24 hours. The value of the transferred 2,000 BTC is nearly $130 million at current prices.ConclusionThe movement of these early-mined Bitcoins highlights the ongoing influence of early adopters on the cryptocurrency market. As these coins enter the market, they can impact liquidity and distribution, making such transactions significant for market observers and participants.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Bitcoin Supply Dips on Exchanges, Signaling Potential for New All-Time Highs Author: Sujit Kumar Date: 24-05-2024 05-38-11 Recent analysis by Willy Woo reveals a significant decrease in Bitcoin (BTC) availability on centralized exchanges, suggesting a bullish outlook for the cryptocurrency. Over the past few months, Bitcoin held in spot wallets has steadily declined, reducing the total inventory to just 2.3 million BTC.Impact of Paper BTC on Supplyembedhttps://twitter.com/woonomic/status/1793207316281782637/embedWoo’s analysis highlights that both spot and paper BTC reserves have declined simultaneously. Paper BTC refers to derivative products that represent Bitcoin without requiring actual ownership of the asset. This synchronized decline indicates that the reduction in spot BTC isn’t being offset by an increase in paper BTC, which is a positive sign for Bitcoin’s supply-demand dynamics.Supply and Demand DynamicsTypically, the supply of Bitcoin on exchanges is considered the available trading supply. A decrease in this supply can lead to positive price movements due to supply-demand dynamics. The recent dip in exchange reserves comes during a period of price consolidation, following Bitcoin’s struggle to surpass its previous all-time high (ATH).Analyst’s Perspectiveembedhttps://twitter.com/woonomic/status/1793241014595203262/embedWilly Woo emphasizes the significance of this trend, stating, "While everyone was freaking out that Bitcoin price was not rising the last 2 months, available BTC was quietly being scooped up, and importantly without paper BTC printed in its place." He suggests that this decrease in available supply could be a bullish indicator, potentially leading Bitcoin to surpass its ATH. "It’s only a matter of time before BTC squeezes past all-time highs," Woo asserts.Renewed Capital InflowsAdditionally, Woo notes a resurgence in capital inflows into Bitcoin, following a steep drop during the recent consolidation phase. This revival includes inflows from spot exchange-traded funds (ETFs), which had previously disappeared but are now returning alongside fresh capital.Current Bitcoin PriceAt the time of writing, Bitcoin has slipped below the $68,000 level, after recovering as high as $71,000 earlier. The decline in available trading supply on exchanges, coupled with renewed capital inflows, positions Bitcoin for potential future gains.By highlighting the reduced supply of Bitcoin on exchanges and renewed capital inflows, this news piece underscores the potential for Bitcoin to set new all-time highs, providing valuable insights for traders and investors.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

. Title: Dogecoin Mascot Kabosu Passes Away, Triggering DOGE Price Surge Author: Sujit Kumar Date: 24-05-2024 06-42-52 Kabosu, the Shiba Inu dog who inspired the Dogecoin (DOGE) logo, has reportedly passed away. Kabosu gained global fame as the face of the popular meme token, which has been widely supported by tech billionaire Elon Musk.Immediate Impact on DOGE Priceembedhttps://twitter.com/bitcoinsistemi/status/1793882052083032253/embedFollowing the news of Kabosu's passing, the price of DOGE experienced a significant spike. Within minutes, DOGE saw a rally exceeding 7%, reflecting the strong emotional connection and market impact the mascot had on the cryptocurrency community. However, the price quickly stabilized after the initial surge.Current Trading Status of DOGEAs of the latest updates, Dogecoin is trading at $0.164. Despite the brief rally triggered by the news, the price has retreated to a more stable level.The passing of Kabosu marks the end of an era for Dogecoin enthusiasts, highlighting the deep emotional ties within the crypto community and their influence on market dynamics.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.