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Crypto Shuttle News

Tag: Massive

  • Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021

    Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021

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    Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB) could follow a similar trajectory to its move back in 2021. If so, this sets up the crypto token for a parabolic move that could see it hit its all-time high (ATH) and even surpass it. 

    2024 Shiba Inu To Mirror 2021 Action

    Rekt Capital mentioned in an X (formerly Twitter) post that SHIB’s retest was successful and that history was repeating itself. According to him, SHIB needs to break above the $0.000033285 price range to begin its uptrend continuation. In a previous post, the crypto analyst raised the possibility of SHIB’s price action mirroring the one from 2021. 

    He noted how SHIB came close to that price range but couldn’t break this resistance level. This was the same thing in late 2021, as Shiba Inu didn’t break that resistance level on the first attempt. That forced the meme coin to retest the $0.000026041 price level as a new support before confirming further upside. 

    Shiba Inu

    Source: X

    This time, Shiba Inu also retested that $0.000026041 price level during its recent price dip, which was partly caused by a wave of profit-taking. The meme coin showed great resolve and somehow managed to hold above that level, and it has since made a good recovery. 

    Now, it needs to break above the $0.000033285 price range to confirm that history is repeating itself and that a price surge to the one in 2021 is on the horizon. 2021 was SHIB’s breakout year when it enjoyed a mouth-watering gain of 46,000,000% on its way to an ATH of $0.00008845 in October 2021. 

    Analysts Optimistic About Shiba Inu’s Future Trajectory

    Rekt Capital isn’t the only one optimistic about SHIB’s future trajectory. Crypto analyst and trader Xanrox recently predicted that SHIB could rise to $0.00008854 by July, representing a new ATH for the meme coin. Interestingly, that looks to be only the starting point for the meme coin, as other analysts have predicted that SHIB could shed another zero. 

    One of them is crypto investor and analyst Oscar Ramos, who expressed his bullish sentiment about the meme coin when he predicted it could rise to $0.0001. Technical analyst Javon Marks also echoed similar sentiments when he suggested that SHIB could rise to as high as $0.0001553. 

    Meanwhile, crypto analyst Ali Martinez once suggested that SHIB’s price gain in 2021 could be nothing compared to what lies ahead for the meme coin. Specifically, Martinez predicted that Shiba Inu could see a historic 122,000% price surge to $0.011.

    At the time of writing, SHIB is trading around $0.00003116, up over 3% in the last 24 hours according to data from CoinMarketCap. 

    Shiba Inu price chart from Tradingview.com

    SHIB price at $0.00003 | Source: SHIBUSDT on Tradingview.com

    Featured image from Coinpedia, chart from Tradingview.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • Successful Listen ($LSTN) Fundraising on Launchpool followed by NFT Sale with Massive Discounts | by Bit Media Buzz | Dec, 2021

    Successful Listen ($LSTN) Fundraising on Launchpool followed by NFT Sale with Massive Discounts | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    British Virgin Islands, 22nd Dec 2021 — Following a successful community raise on Launchpool, with 2.7 million tokens staked by 3,000+ wallets at a value of USD 9.4 million, Tony Hollingsworth, CEO of the Listen Campaign announced a massive increase in $LSTN utilities, including a 50% discount on Listen NFTs.

    “We are very pleased with the private sales of the Listen Tokens ($LSTN),” said Hollingsworth. “After the initial raise, we went back at the request of the Launchpool community for a total raise of $750,000 and an additional $350,000 on Infinity Pad. With Lightning and IDO coming up, we then decided to reward our loyal holders and give back via this massive discount.”

    Listen NFT collections

    The NFT sale will begin with an unprecedented collection of NFTs featuring never-to-be-repeated performances by huge artists such as Stevie Wonder, Sting, Bob Dylan, David Bowie, BB King, George Michael, Jon Bon Jovi, MC Hammer, and dozens more.

    In addition to the discounts available, $LSTN token holders have a chance to win 1 of 50 pairs of tickets to the private view of the “Listen Live” event at the Los Angeles Coliseum on June 20th to 22nd, featuring dozens of film and music stars.

    “In order to reward our most loyal holders,” continued Hollingsworth, “those with greater holdings will unlock greater discounts, but we will do more, including having auctions that are open only to $LSTN holders, staking benefits and spot contests and prizes.”

    The Listen Campaign platform has an annual reach of 500 million people

    The Listen NFTs are a part of the Listen Campaign, a global broadcast campaign in 200 countries, 9 languages and scheduled to reach over 500 million people. The Listen Campaign will benefit 1 billion vulnerable and disadvantaged children around the world. The tokens themselves will be supported via a massive marketing and advertising campaign.

    Record-holding team

    The team behind the Listen Campaign is headed by Tony Hollingsworth, who created nine of the largest global campaigns including the “Nelson Mandela 70th Anniversary Tribute” and “The Wall: Live in Berlin”. They will be bringing their expertise to the decade-long Listen Campaign.

    As the team prepares for launch, they have lined up their final IDO Launchpad with Lightning to further increase the number of token holders, project supporters and community members.

    Imminent completion of the security audit will be followed by a strong promotion and execution of TGE and NFT launch via the ‘Listen Collectibles Auction and Shop’.

    LCAS, Built on Flow

    Listen built their platform from the ground up to make buying NFTs as easy as possible for non-Crypto audiences. It is built on the Flow blockchain so it is faster, allows for native fiat payments using regular credit cards and has lower transaction fees. Flow is also more environmentally friendly than Ethereum.

    Listen Official Channels

    Website: www.listentoken.com

    Telegram: https://t.me/listenNFT

    Email: marcelos@listencampaign.com

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  • Massive jump in number of Australians who own crypto: Survey

    Massive jump in number of Australians who own crypto: Survey

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    The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) survey of more than 2,000 people found that the percentage of Australians surveyed who own or have owned crypto has reached 28.8%, up from 18.4% in 2020.

    The results suggest that growth in the sector is being driven by the positive experience of those who own crypto, with 89% of those surveyed saying they have made money or broken even, up from 78% in 2020.

    Independent Reserve CEO Adrian Przelozny told Cointelegraph that these results didn’t come as a surprise to him, due to an environment in which it has become “very difficult to get returns on investments.”

    He stated that “cryptocurrencies have easily outperformed any other assets over the last 12 months,” before adding:

    “I think it’s quite natural that more and more people get interested in an asset class that’s clearly outperforming the rest of the market.”

    In October, Cointelegraph reported that Bitcoin (BTC) is the official best-performing asset class of 2021.

    Przelozny said that he expects the trend to continue as crypto matures and becomes less volatile. He said that the “biggest ally” of cryptocurrency is that “the longer it’s around, the more accepted it becomes.”

    “With time, I think you’ll see volatility and the perceived risk of this investment reduce.”

    28.6% of those surveyed by the IRCI who don’t currently own crypto said they would invest if there were better consumer protections in place. Another 26.6% said they’d buy crypto if industry regulation was improved.

    Regulation is needed for continued growth

    Przelozny said that “the sector still desperately needs regulation to catch up and provide greater security for both investors and cryptocurrency businesses.”

    “I do think that once regulation comes on board, we’ll see a whole new class of investors into this space. And I think that’s what we’ve seen in other jurisdictions, like over in Singapore.”

    Przelozny told Cointelegraph that he anticipates that older Aussies over 65 will make up the next big wave of investors as these regulatory issues are addressed.

    “They’re looking for consumer protections from the government before they’re willing to take the plunge and enter the cryptocurrency market.”

    Unsurprisingly, the 24 to 34-year-old age group was the most trusting of crypto with 27.6% saying they bought in to get rich, while disbelievers in the system are most likely to be found in the over 65 age group.

    Related: Australian women owning crypto has doubled in 2021: Survey

    According to the IRCI, Bitcoin remains the most well-known and popular cryptocurrency, with 89.1% of Australians surveyed saying they’ve heard of it and 21.1% actually owning Bitcoin. The second most popular crypto asset is Ethereum, at 11% reported ownership, up from just 5% in 2020.

    The IRCI is an annual cross-sectional survey of more than 2,000 Australians conducted by PureProfile. Independent Reserve says its sample was reflective of the country’s gender, age, and geographic distribution.

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  • Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

    Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

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    Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million.

    The latest protocol to surprise its userbase with a wallet fattening airdrop was Axie Infinity (AXS), a blockchain-based battle game that has risen in prominence over the course of 2021 as users embrace its play-to-earn (P2E) gaming model.

    Data from Cointelegraph Markets Pro and TradingView shows that since bounding off a low of $47.92 on Sept. 21, the price of AXS has stormed 145% higher to establish a new record high at $118.00 as its 24-hour trading volume surged from $421 million to $1.95 billion.

    AXS/USDT 4-hour chart. Source: TradingView

    Three reasons for the recent surge in AXS price over the past two weeks include the introduction of staking features for the AXS token, the release of a community airdrop early adopters and the increasing popularity of play-to-earn gaming protocols.

    AXS launches staking

    The growth of decentralized finance in 2021 has shone a spotlight on the ability of crypto holders to put their tokens to work and earn a yield through providing liquidity or staking.

    In an effort to capture some of this momentum, as well as improve the overall tokenomics of the AXS token, the team at Axie Infinity announced the launch of staking capabilities on Sept. 30. This excited members of the community, and to date, holders have already staked nearly 9.8 million AXS in just two days.

    AXS staking dashboard. Source: Axie Infinity

    And it’s not just your average crypto user getting in on the staking action, as recent tweets show other gaming platforms in the crypto ecosystem, including Yield Guild Games, have announced that they are now staking their AXS holdings as a way to help increase the value of their respective ecosystems.

    Axie Infinity is currently offering an APR of 240% for stakers with the rewards coming from a dedicated pool of 78.3 million AXS tokens that have been set aside by the team.

    AXS airdrops tokens to early adopters

    A second reason for the spike in price and activity for AXS was this week’s community airdrop which rewarded users who engaged with the protocol prior to October 26, 2020.

    According to the team, 10,000 wallets were selected based on a snapshot that was taken on Oct. 26 to receive a share of the 800,000 AXS airdrop, depending on the wallet’s level of activity.

    The more active users like the pseudonymous Twitter user ‘Arctic’ received larger allocations that are now worth nearly $500,000, while less active accounts received smaller allocations that are nonetheless still significant in terms of dollar value, especially in the more economically disadvantaged parts of the world where many Axie Infinity players reside.

    Related: NFT trading game Axie Infinity launches AXS staking program

    The rising popularity of play-to-earn gaming

    Another reason for the recent growth seen in Axie Infinity is the strength of the P2E gaming model which many analysts say will be the breakout sector in 2021.

    Axie Infinity was actually the game that kicked off the P2E rally earlier in the year and this momentum translated to an uptick in other P2E protocols like Illuvium (ILV), Chain Guardians (CGG) and MyNeighborAlice (ALICE).

    Top 5 gaming protocols by the 90-day change in USD price. Source: Messari

    The P2E gaming sector of the crypto ecosystem has been gaining momentum in recent months as users begin to discover the benefits of playing a game that rewards participation, as opposed to the dominant free-to-play model which offers in-game purchases but leaves users with little to show after months of gameplay and investment.

    According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

    VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

    As seen in the chart above, the VORTECS™ Score for AXS climbed into the dark green zone on Sept. 26 and reached a high of 87 around 35 hours before its price began to increase by 55% over the next three days.

    The NewsQuake™ service from Cointelegraph Markets Pro registered two significant news announcements prior to the price rise, including a listing announcement from Bitstamp exchange and the team’s announcement that AXS staking had launched.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.