#intotheblock

Semilore Faleti is a cryptocurrency author specialised within the discipline of journalism and content material creation. Whereas he began out writing on a number of topics, Semilore quickly discovered a knack for cracking down on the complexities and intricacies within the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the effectivity of digital belongings by way of…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world…

Shiba Inu (SHIB) has emerged as a notable player in the crypto scene, drawing attention not only for its market dynamics but also for the sentiment of its investors. Recent data from IntoTheBlock unveils a nuanced scenario for SHIB, with a substantial portion of investors finding themselves in a state of loss despite a moderate price increase. This fact-based analysis provides a deeper understanding of Shiba Inu's current market standing and offers insights into potential investor strategies.

IntoTheBlock's data highlights that, at the current price, only 39% of SHIB holders are in a profitable position. The almost equal percentage of investors in a loss signifies a delicate equilibrium in the market, suggesting a cautious approach among participants. The prevailing sentiment leans towards the bearish side, with the absence of bullish signals in IntoTheBlock's analysis. The 'Large Transactions' metric's 4.19% increase further adds to this cautious outlook, hinting at significant players possibly adjusting their positions.

With SHIB's current price at $0.00001043, its strong correlation of 0.93 with Bitcoin underscores its vulnerability to broader market fluctuations. While this correlation opens doors for potential growth during market rallies, it also exposes SHIB to the risk of downturns, closely mirroring Bitcoin's movements. The historical attempts to breach the $0.00001 mark in mid-February, met with failure, solidify this price level as a significant resistance point.

The Ethereum ecosystem has been witnessing a fascinating trend in recent times, as the number of Ethereum whales continues to rise. These astute investors, known for holding a significant portion of the total supply, have amassed 30.07 million Ethereum (ETH) worth over $9 billion in their wallets. This surge in holdings marks a substantial increase from the 26.56 million ETH held at the beginning…

62% of Dogecoin hodlers in profit amid hopes of Twitter integration

DOGE price rallied 98.5% in the last seven days following Elon Musk’s acquisition of Twitter, pushing the crypto into the eighth position in global crypto rankings.

Around 50% BTC holders see gains BUT (over) optimism can be dangerous

Bitcoin [BTC], the largest cryptocurrency rose past its fears as it traded above the $21k mark. Needless to say, the surge injected a much-needed relief to BTC holders be it traders or long-term investors. However, could the king coin sustain the gains or too much optimism could be dangerous? Profit vs Loss- Which side are […]