The daily chart, that old trickster, broke above the $114,000-$116,000 zone, a feat as surprising as a cat learning to whistle. A green candle, fat and proud, danced across the screen, while volume swelled like a drunk at a party-loud, but perhaps not entirely reliable. One might wonder if the institutions had finally decided to stop hiding behind their desks and join the party.
Folks were buzzing with anticipation that a Solana ETF might pop up this month, but alas, this shutdown could stretch it out to infinity and beyond. Because why rush when you can deliberate over espresso machines? 😏
Now, let’s talk volume-not the kind you turn down when your neighbor’s playing bad karaoke, but the trading kind. According to Coinglass (yes, that’s a real website, not a fancy cocktail), the Shiba Inu trading volume is about as lively as a retirement home bingo night. 🦥 At the moment, it’s hovering around $150 million, which is roughly the amount of money I’d spend on coffee if I were Elon Musk. ☕️ For context, back in September, it was $200 million, which is still less exciting than a Monday morning staff meeting.
“I mean, let’s face it,” she quipped whilst addressing the Cryptosphere at the Token2049 conference in Singapore, “all the indicators are positively bubbling. It’s like the stock market took a bath in hot water and forgot to bring a towel!” 🛁🧐
The firm plans to add utility to SUI’s blockchain, providing a possible new use case for altcoin DATs everywhere. However, extreme regulatory and market pressures could collapse the project entirely. One might say it’s a gamble as bold as a Wildean epigram-except this one might end in bankruptcy. 🕵️♂️💸
Analysts whispered sweet nothings about the 50SMA support line, suggesting the altcoin might bounce toward $0.36 if it can stop acting like a drama queen. Fingers crossed.
The surge in their fortunes coincided with the Bitcoin network’s hashrate ascending to 1,031 EH/s-a figure so grand it might rival the estate of Lady Catherine de Bourgh. Yet, for all their triumphs, the profitability of these miners has dwindled, with daily block rewards plummeting 10% to a mere £49,700 per EH/s (a sum that would scarcely feed a single Bennet daughter for a fortnight). Gross profits, too, have fallen by 17% year-over-year, though one suspects the miners’ pride remains unshaken, for what is ambition but the triumph of hubris over arithmetic?
The RWA transfer volumes on AVAX just exploded to $21.23 billion over the last month, a laughable 317% leap from the previous measly figures. It’s as if tokenized assets and the old-school institutional crowd finally remembered this chain exists.
One of the main drivers behind this optimism, one might say, is the activity of the whales, those enigmatic titans of the crypto sea. Onchain data shows that large holders continue to accumulate Aster during the dip, a signal that often strengthens confidence in the asset’s long-term outlook. Their consistent buying suggests conviction in the project’s fundamentals, even as price action cools in the short term. 🐋
