Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shiba Inu (CRYPTO: SHIB) is trading higher by some 4.39% to $0.00001295 Tuesday evening, though off the day's high of $0.00001342. The price action during Tuesday's session is likely correlated and a sympathy play to rival crypto Dogecoin (CRYPTO: DOGE).
Per the Benzinga overnight newsdesk, the rise in Dogecoin followed a tweet from Elon Musk, where the CEO of Tesla shared a photo of a Shiba Inu dog wearing a Twitter-branded t-shirt.
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Our Benzinga team has also reported some analysts are predicting significant momentum ahead, which could see it cross the 50-cent mark.
Doge has been on the run-up since CEO Elon Musk took over Twitter. Nearly $140 million of the meme coin has been liquidated since then. $80 million has been liquidated from traders holding short positions.
Santiment noted that “social dominance” has been a primary indicator for DOGE as “crowd hype spikes have created local tops, and crowd fear foreshadowed bottoms.” The market intelligence platform noted in a tweet that DOGE-related discussions peaked at Saturday’s local top and that the meme coin is still “decoupled from markets.”...Read More
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.