THE Shiba Inu coin soared on Tuesday, as Bitcoin remained steady and Jack Dorsey sold a tweet as an NFT and the Metaverse’s was revealed.
Shibu Inu is a cryptocurrency token that allows users to hold trillions of them.
The coin’s worth rose by 18.28 percent in just 24 hours.
Tokens of Shiba Inu feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.
On another note, Twitter founder Jack Dorsey sold his first-ever tweet NFT for more than $2.3million, as reported by CNBC.
Meanwhile, it was revealed that the Metaverse will soon be worth $1trillion, according to the New York Times.
Read our cryptocurrency live blog for the latest news and updates…
-
WHAT ARE RED FLAGS OF SCAMS?
Gizmodo shared that other red flags of the SQUID coin being illegitimate was that the website that the creators launched was filled with spelling and grammatical errors.
The crypto’s telegram channel also did not allow comments from outsiders, and its Twitter account did not allow users to reply to posts, which Gizmodo flagged as suspicious.
-
WAS THE SQUID SCAM OBVIOUS?
Gizmodo warned of the scam on Friday, but the warning did not reach everyone.
The site revealed that the largest red flag was that investors could invest in the coin, but not sell it.
-
SQUID CRYPTO SCAMMERS RUN OFF WITH $2.1MILLION
Just a week after the SQUID coin launched, its creators pulled the rug on the project, and cashed in the coins for real money.
Investors who fell victim to the scam lost an estimated $2.1million.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: VIRVIA
The VDV token was launched in May 2021 and designed to “develop a new generation payment platform that can be integrated with the existing eCommerce industry,” so its website states.
The VDV payment system consists of the VDV token, which is built on Binance Smart Chain and designed for ecommerce payments.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: EVERGROW
EverGrow is expected to be the next cryptocurrency to explode in 2021.
With every transaction, it distributes eight per cent of the transaction to all token holders directly to their wallets.
The process is fully automatic and each holder will get a share in proportion to the amount of coins they own.
An additional one per cent is applied to all the sales to lower the volume of swing trading.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: SAFEMOON
SafeMoon launched in March and attracted a lot of attention after its price rocketed in April.
It technically isn’t a cryptocurrency but a DeFi token, according to its website.
DeFi stands for decentralized finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.
Like Bitcoin, they use a complicated method called blockchain technology.
SafeMoon claims it will reward people who buy and hold on to the cryptocurrency, while those who sell the currency will be slapped with a penalty.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: BITCLOUT
BitClout is an open-source cryptocurrency project and social media platform.
Users are able to buy and sell “creator coins” based on their reputations.
For example, when they do something positive, the coin gains value.
When the coin hit the market in June, it started trading at £129.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: LANDSHARE
Landshare coin premiered on August 2, 2021.
It was initially priced just over £2.60.
The market cap is now more than £2million.
Landshare is a DeFi platform on the Binance Smart Chain.
It offers a hassle-free alternative to traditional real estate investments.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: ORICA
As the cryptocurrency’s website states: “Orica is built for first-time cryptocurrency users.”
“Orica is built for those who have a personal appreciation for creativity and are on the lookout for great art.”
-
NEW CRYPTOCURRENCIES RELEASED IN 2021: RED SHIBA
Red Shiba is a BSC token available on PancakeSwap.
It is described as “a token of the Red universe, it aims to strengthen the ecosystem that the Red Team is designing, a universe without Rug, Fair-play and beneficial to all fans of memes tokens”.
It was inspired by the highly successful Shiba Inu Token.
-
MORE PRICE PREDICTIONS FOR GYEN CRYPTOCURRENCY
Wallet Investor expects the price of GYEN to add another zero and fall to $0.00845 in a year’s time.
Meanwhile, Digitalcoin expects GYEN to gain to around $0.022 in 2021.
Furthermore, Goldman Sachs expert Andrew Lokenauth is even more bullish on GYEN.
“From my prior experience, I feel it will be included on other exchanges due to demand,” he told The Sun.
“Also, due to current hype and mentions of GYEN on Reddit and Twitter, this can easily reach 10 cents.”
-
GYEN PRICE PREDICTIONS: AN EXPERT WEIGHS IN
The price of GYEN has jumped thanks to becoming available to Coinbase pro members.
Where the price will wind up in the future is tough to predict – and it is yet to be included on other major exchanges like Robinhood.
Marie Tatibouet, chief marketing officer of crypto exchange Gate.io, told The Sun that stablecoins aren’t exactly supposed to surge in trading like this.
“It looks like the demand is so high that the peg has failed to hold,” she said.
“A good stablecoin shouldn’t surge or fail under scrutiny.”
-
WHAT IS THE METAVERSE? CONTINUED
Meta’s VR boss Andrew Bosworth said: “The metaverse is a set of virtual 3D spaces where you can share immersive experiences with each other when you can’t be together.”
“What comes after the internet? Instead of looking at a screen, you get to be in the experiences.
“You don’t have to experience it in VR. Most people initially will experience it on screens they already have.”
Facebook’s Mark Zuckerberg called it “the next version of the internet,” and predicted the true metaverse will be ready within the decade.
-
WHAT IS THE METAVERSE?
The Metaverse has a broad definition. It is an internet, but it is immersive – so you live within it.
The platform will have games, social networks, videos, shopping, health and fitness and more.
-
CAN YOU TRADE CRYPTO ON ROBINHOOD?
Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.
That means you’ll have access to trade major cryptocurrencies including, Dogecoin, Ethereum, and Bitcoin.
RobinHood crypto investors can buy or sell with a market order, which means it’s executed at the current market price.
-
KRAKEN LISTS SHIBA INU
The crypto exchange shared the news in a tweet Monday.
-
KRAKEN NOW TRADING SHIBA INU
Cryptocurrency exchange Kraken announced on Monday that it will begin trading Shiba Inu (SHIB) on Tuesday.
Gemini, another major cryptocurrency exchange, listed SHIB earlier in November.
SHIB traders are still pressuring Robinhood to add the crypto to its trading platform. However, the company recently said it has no urgent plans to add additional cryptocurrencies.
-
MICROSTRATEGY SPENDS $414MILLION ON BITCOIN
The business intelligence company led by Michael Saylor revealed in a November 29 Securities and Exchange Commission filing that it bought 7,002 bitcoins between October 1 and November 29.
MicroStrategy reportedly spent $414million on the coins.
The company now has a reported stockpile of 121,044 bitcoin tokens.
-
OMICRON TOKEN SKYROCKETS AFTER NEW VARIANT NAMED
The little-known Omicron token skyrocketed over the weekend, after a new Covid-19 variant was given the same name, before it tumbled as much as 75 percent.
On Friday, the World Health Organization named the new Omicron variant.
Other cryptocurrencies dropped after the announcement, and Bitcoin suffered its worth day in two months on Friday. However, it has since recovered from most of its losses.
-
SQUARE MAY BUILD BITCOIN MINING HARDWARE
Square CEO Jack Dorsey said the company may create a bitcoin mining rig in a recent tweet, according to Business Insider.
“Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” CEO Dorsey said in a tweet.
“If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.”
-
SOLANA SEES OUTRAGEOUS MARKET SURGE
The cryptocurrency, Solana, is up a whopping 17,000 percent this year and is now the fifth-largest cryptocurrency on the market.
Solana is a form of cryptocurrency that allows business leaders to trade, lend and borrow currency quickly and efficiently.
It is a less expensive and more efficient form of Ethereum, which requires those who use it to solve a complex puzzle before validating a transaction.
-
WHAT ARE SHIBOSHI NFTs?
Shiboshi NFTs are non-fungible tokens representing various “lovable creatures.”
The NFT holders will also be able to name the Shiboshis for an additional $100.
The Shiboshis will come with generic names like 00001.
The post states: “It’s important to name your Shiboshi because names are unique and can only exist once in the Shib Oshiverse.
“With the expansions, we are planning, this could potentially make your Shiboshi more valuable.”
-
CAN SHIBA IBU HIT $1?
Shiba Inu has soared in value recently, hitting several new all-time highs.
On November 12, 2021, cryptocurrency exchange CoinDCX listed Shiba Inu on its mobile trading app.
Up until then, it was only available on the platform in trade-only mode on CoinDCX Pro.
Shiba Inu being traded on CoinDCX follows the company announcing it is the first cryptocurrency firm in India to reach a valuation of over $1billion, giving it unicorn status.
On October 28, Shiba hit an all-time high of $0.00008845.
-
WILL SHIBA INU’S PRICE RISE? CONTINUED
For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.
For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.
It’s difficult to predict how Shiba Inu’s price will change in future, due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, comments by high profile individuals such as Musk, and other developments.
-
WILL SHIBA INU’S PRICE RISE?
For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.
For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.
It’s difficult to predict how Shiba Inu’s price will change in future, due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, comments by high profile individuals such as Musk, and other developments.
This news is republished from another source. You can check the original article here.
Be the first to comment