7 ways women can earn passive income through cryptocurrency
More women are joining crypto by buying Bitcoin and other coins or tokens. Here’s how to make passive income through crypto and boost some returns.
Price analysis 3/6: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take.
Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales – Here’s Why
Shiba Inu has surged in popularity in recent months, drawing the attention of investors and cryptocurrency enthusiasts alike. As the cryptocurrency market continues to evolve, SHIB’s rise has caught the attention of those looking for the next big investment opportunity, as evidenced by Ethereum whales.
Despite the coin’s price decline in the past few months, data from WhaleStats shows that SHIB is the most popular cryptocurrency held among the top 100 Ethereum whales, at 12%, with a value of $ 601.2 million worth of SHIB.
$ 601,204,724 $ SHIB $ 155,922,150 $ BEST $ 150,251,240 $ MATIC $ 131,748,690 $ CHSB $ 130,938,527 $ LINK $ 72,726,301 $ UNI $ 70,172,580 $ LOCUS $ 63,302,192 $ MANA
Whale leaderboard
https://t.co/N5qqsCAH8j pic.twitter.com/ESbLhozSRo
— WhaleStats (tracking crypto whales) (@WhaleStats) March 5, 2023
Shiba Inu: The Most Coveted Cryptocurrency
Surprisingly, this number only accounts for around 10% of the altcoins owned by ETH whales, as most major investors now own more stablecoins. The top 1,000 ETH holders collectively have approximately $ 1.06 billion in USDC and $ 808 million in USDT.
SHIB’s price, which has been driven by bearishness, may be affected by reinvigorated investor interest following Shiba Inu’s breakthrough over the Ethereum whales.
For the past week, SHIB’s price performance has been poor, trading at $ 0.00001195, down nearly 11% in the previous week. SHIB was trading at $ 0.00001104, with only $ 172 million worth of Shiba Inu coins traded by crypto investors in the last 24 hours, data from crypto market tracker Coingecko shows.
Also, WhaleStat tracks the most traded currencies, largest token positions by dollar value, most used smart contracts, and most sold coins of big investors. While the award for most valuable cryptocurrency went to Shiba Inu, the USDC stablecoin was the clear winner everywhere else.
What The Popularity Of Shiba Inu Means
As the popularity of the Shiba Inu cryptocurrency continues to grow, experts are warning of potential risks and uncertainties associated with investing in the meme-based digital currency.
Despite its rapid rise in value, Shiba Inu remains a highly volatile and unregulated investment, with no clear underlying value or practical use case.
While some investors are attracted to the potential gains that come with early adoption of a new cryptocurrency, others warn that Shiba Inu’s popularity may be fueled by hype and speculation rather than any fundamental value.
Additionally, there are concerns about the security and reliability of the exchanges where Shiba Inu can be bought and sold, as well as the potential for market manipulation by large holders of the coin.
Despite these concerns, the growing interest in Shiba Inu and other cryptocurrencies underscores the increasing mainstream acceptance of digital assets as a legitimate investment class.
As with any investment, experts advise investors to proceed with caution, conducting thorough research and only investing what they can afford to lose.
-Featured image from Watcher Guru
Ethereum In An ‘Obvious Accumulation Range Of All Time’ – Preparing For $5,000?
Ethereum is in an “obvious accumulation range of all time,” this crypto analyst notes on a Twitter post on March 3.
Will Ethereum Spring To $ 5K?
Crypto analyst “Moon” thinks there could be more upside potential for ETH in the near future, strongly believing that many would want to get involved once the coin has broken out, rallying to the $ 5,000 and $ 7,000 trade range. As it is, ETH prices are within a bear formation in higher timeframes. Still, it is relatively solid from its lows in November 2022.
$ ETH in one of the most obvious accumulation ranges of all time, lot of hindsight analysis will be done when its at $ 5k, $ 7k, whatever in a few years why you didnt buy more here, and people are flipping out over $ 100 moves pic.twitter.com/HS9fJuHTfx
— moon (@MoonOverlord) March 3, 2023
ETH is trading at around $ 1,580 and has failed to breach the $ 1,700 resistance level marking February highs. On the lower end, the coin has support at about the $ 1,500 line.
For the uptrend to take shape, buyers need to push ETH above February resistance lines and register new Q1 2023 highs. This would comprise a bullish breakout, setting the base for another leg up that may thrust ETH to new all-time highs above $ 5,000 to $ 7,000. It is a preview that ETH proponents hold, citing technical and fundamental factors.
According to the analyst, at present levels, traders and investors wishing to hold the coin for months and years should be buying the dips lest they be left by the ETH bull train.
Even though proponents are optimistic about the ETH’s prospect, it should be noted that it must break above the current range, ideally with expanding participation. Should this be the case, then not only will ETH rally above $ 2,000, but it stands to possibly more than double, rallying to retest 2021 highs.
At that time, ETH soared to retest $ 4,900, a high, more than tripling from 2017 peaks when ETH tested $ 1,300. Presently, the coin is above that critical high of late 2017, acting as support.
What Will Make Or Break ETH?
Still, traders and investors should proceed with caution. Several fundamental factors, as the events of 2022 reveal, could impact the crypto markets, including ETH.
For instance, despite decreasing inflation, the United States Federal Reserve has said it could increase interest rates as a tool. Besides, the economy remains weak with relatively weak labor conditions, factors that the central bank might consider.
On the more positive side, ETH bulls cite the network’s “burn rate.” So far, billions of ETH have been taken out of supply. Over the months, ETH’s inflation could drop even further, making the coin deflationary.
Bitcoin price would retest $25K without Silvergate saga — analysis
Strong U.S. equities and a floundering dollar normally serve to boost BTC price action — but Silvergate is the elephant in the room.
US lawmakers argue SEC accounting policy places crypto customers at risk
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.
Bears Lose Grip On Filecoin (FIL) As Market Sentiment Flips Positive
Ranked 28th in CoinGecko’s cryptocurrency list, Filecoin (FIL) has been benefitting from the recent flip in market sentiment. Today’s market data shows that Ethereum, the market’s top altcoin, is up 1% in the daily time frame.
Investors in crypto, however, took this as a bullish signal, prompting the DeFi market to increase 2% in the daily. This led to the market of DeFi tokens to reach nearly $ 52 billion.
Storage-related tokens like Filecoin also climbed due to the major cryptos’ recent market movement. CoinGecko data reveals that the combined market cap of all storage-related tokens grew by a percent in the past 24 hours with a trade volume of $ 602 million.
Filecoin On-Chain Dev Ramps Up
The Filecoin storage ecosystem is already being utilized by many organizations to store their data in a decentralized manner. However, this will be a growing list in the near future as the ecosystem plans to launch the Filecoin EVM, a Filecoin-native instance of the Ethereum Virtual Machine.
The Ethereum Virtual Machine, a.k.a EVM, is an execution environment that runs directly on the Ethereum blockchain. It is an essential tool for building dApps and creating smart contracts. With the EVM being the first virtual machine to run on top of a known blockchain, it has amassed a strong developer base which improves it by the day.
Did you hear? The #Filecoin EVM (FEVM) launch is closer than you think
After the completion of the calibrationnet upgrade earlier today, FEVM is on track to bring smart contracts & user programmability to Filecoin mainnet on March 14th, 2023!
https://t.co/CMjBDN5Idz pic.twitter.com/AdoblUk19R
— Filecoin (@Filecoin) February 22, 2023
The Roll-Out Of FEVM
The launch of the Filecoin EVM would expand the reach of the ecosystem to EVM-specialized developers, strengthening Filecoin’s position in the crypto space.
The FEVM would bring the EVM’s tools which would enable developers to port smart contracts to the Filecoin blockchain or write Solidity-based SCs which is the EVM’s main coding language.
There are pros and cons with using the FEVM. One of the advantages of using the FEVM is the mature tooling the underlying Ethereum Virtual Machine has which is already well-known and liked by developers.
However, gas fees for using the FEVM is high with lower performance due to the virtualization overhead.
Nonetheless, this would increase the popularity of Filecoin in the coming years once the ecosystem’s native runtime environment for the EVM launches.
At $ 6.92, Where Is Filecoin Headed?
At the time of writing, FIL was trading at $ 6.92, with the token having a crucial support at $ 4.84. FIL bulls can also take advantage of the token’s high correlation with Bitcoin and Ethereum which are leading the market’s sentiment flip from negative to positive.
FIL bulls are hoping to push the token up to the $ 9 level in the next few days. If this happens, the bulls may find themselves with enough momentum to test $ 10 in the short to medium term.
-Featured image from Pest Pointers
US lagging on CBDCs could spell ‘trouble’ —Crypto Council policy head
A former CIA analyst doesn’t believe the Chinese-led CBDC movement on the global stage will replace the U.S. dollar but may cause geopolitical headaches.
Solana CEO hoses down claims network outages caused by on-chain voting
Solana Labs founder and CEO Anatoly Yakovenko said claims that Solana’s network outages were caused by on-chain voting were born out of “pure ignorance.”
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature “Staking Rate Limit” after over 150,000 ETH was staked in a single day.
