Shiba Inu ($SHIB), the meme currency has carried its bullish momentum for three days now, rising over 350% over the past week. The altcoin’s bullish surge helped it to first break into top-20 and earlier today it briefly rose to the 12th spot leaving behind the likes of Litecoin ($LTC) and Chainlink ($LINK) briefly. $SHIB price rose to a daily high of $0.0000346 after rising 0ver 50% for the day.
Led by the famous venture capital firm, Andreessen Horowitz, Sky Mavis studio, the creators of Axie Infinity recently raised 152 million USD in a Series B round. The move reinforced Axie Infinity as the largest NFT project by trading volume.
Bitcoin’s market dominance is back in the crypto space. Meanwhile, traders are eagerly waiting for the right time to grab some coins. We can expect altcoin to remain distant from the buzz until the BTC’s dominance subsides.
The gaming industry, which spawned NFTs in the form of CryptoKitties, has long paved the way for new forms of customer engagement and monetization.
Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat.
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.”
Real Vision CEO and macro guru Raoul Pal thinks crypto’s overall market cap still has a gigantic amount of room to grow.
Meme King Dogecoin (DOGE), Queen Shiba Inu (SHIB) makes it into the top 20 in the crypto market. Moreover, the crypto ranking is totally based on market capitalization.
Coinbase is adding four new crypto assets to its arsenal of altcoins, triggering a number of epic price rallies.
On October 4, India’s first crypto unicorn CoinDCX announced the onboarding of Indian film star Amitabh Bachchan as its brand ambassador. By far, this is the most significant publicity measure in the Indian crypto industry, which is believed to have a 15-million strong investor base and about $1.5 billion in investments.