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Sahana Kiran

Litecoin [LTC] follows Bitcoin’s steps as it records a 16% daily surge

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Almost all the assets in the crypto-verse were on an upward trajectory. Litecoin [LTC]. however, seemed to be making a comeback. Just as Bitcoin [BTC] went on to record a new all-time high, the lite version of the king coin, LTC followed suit and witnessed a massive surge. Bitcoin during the time of writing was trading close to $68K. As the coin’s market cap surged to $1.28 trillion, the overall digits moved up close to $3 trillion.

Painted in green, the crypto market was riding the bullish wave. While some altcoins were amassing massive gains, a few others like Solana [SOL], as well as XRP, were taking it rather slowly. Cardano [ADA] and Litecoin [LTC] were the stars of the show as they recorded a double-digit soar.

As new coins emerged strongly into the crypto-verse, Litecoin [LTC] took a back seat. The asset finally made some noise after it recorded a 17.86% surge in the last 24-hours. At the time of writing, LTC was trading for $246.

The market cap of the altcoin witnessed a significant fall as it dropped below the top 10. While new coins rose into the top 10, LTC slipped down to the 14th spot. The market cap of Litecoin, at press time, was at $17 billion.

Litecoin [LTC] one-hour price chart on Binance

Litecoin
Litecoin [LTC] follows Bitcoin's steps as it records a 16% daily surge 2

The one-hour price chart of LTC on Binance noted a major bullish notion. The Parabolic SAR indicator formulated dotted lines below the candlesticks acting as prominent support against any possible downtrends. The Chaikin Money Flow [CMF] indicator was flying high in the bullish arena. The CMF marker was long above the zero median.

LTC was constantly being overbought by buyers in the market. The Relative Strenght Index [RSI] indicator noted that the buyers were in the LTC market. The RSI marker was close to hitting the 80 median.

NYC mayor-elect to soon transform city into a crypto hub

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Key Takeaway

  • NYC’s incoming mayor, Eric Adams believes Bitcoin [BTC] is the latest method of payment that is being widely adopted by the entire globe.
  • Therefore, schools “must” provide education about this technology that has been thriving.

Mayors from different cities across the US have been expressing interest in crypto. NYC’s incoming mayor, Eric Adams not only pledged to accept his paycheck in Bitcoin but also plans on turning the region into a crypto hub.

Over the last couple of weeks, a whole new trend took off where mayors were seen agreeing to accept their salaries in crypto. Many considered this revolutionary as politicians diving into the crypto-verse was a huge milestone for the industry. The crypto market went from being thrashed by government officials to being widely recognized and accepted by them.

Eric Adams has time and again expressed his interest in crypto. NYC mayor-elect, Adams recently spoke at an interview and portrayed his views about Bitcoin.

NYC mayor-elect Eric Adams embraces crypto

Miami has certainly acted as an inspiration to many. Mayor Francis Suarez’s crypto-friendly moves amped up the adoption rate of these digital assets. Following the footsteps of Suarez, NYC’s Eric Adams noted that he intended to transform New York City into a crypto hub.

In his latest interview, Adams brought to attention how young people in NYC barely knew about blockchain or Bitcoin. He further noted that Bitcoin was the “new way of paying for goods and services throughout the entire globe.” Hence he suggested that it was about time schools incorporated education related to crypto and blockchain.

While certain hostility surrounding crypto still exists in the United States, Adams’ future moves with regard to crypto were being highly anticipated by the community.

Adams further added,

“I want to make sure that this city becomes the center of innovation no matter what that innovation is, and this is what the human spirit is about: Not being afraid to look at every area of innovation as we move our country and city forward.”

Just last week, Adams with a few other mayors pledged to accept their paychecks in Bitcoin. Adams went a step ahead and affirmed that he would be open to receiving his next three paychecks in BTC.

Shiba Inu [SHIB] flips sides with a 26% daily surge

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The altcoins were slowly getting on the bullish train while Bitcoin [BTC] was still lagging behind. Shiba Inu [SHIB] took a new turn as the bears in its market bid adieu and took in the bulls. The market was recovering from yesterday’s carnage and most of the assets gently turned green.

Bitcoin [BTC], XRP, and Polkadot [DOT] were still sinking in the red sea. The king coin was taking a rather long pause at the $61K zone. Ethereum [ETH] was also stuck below $5K. Binance Coin [BNB] was certainly on a roll as its price surged over $600 in no time.

Shiba Inu’s volatility left the entire market worried. The meme coin has been sitting still under the crypto limelight. Despite enduring a massive fall over the last couple of days, the altcoin grew back stronger. At the time of writing, SHIB was trading for $0.00005946 with a 26% surge in the last 24-hours.

In terms of market cap and ranking, Shiba Inu witnessed a significant plummet. The altcoin went from overpowering its rival, Dogecoin [DOGE] to falling down to the 11th position. During press time SHIB’s market cap was noted at $32.7 billion while DOGE’s market cap was at a high of $34 billion. Additionally, the overall market cap of the crypto-verse was seen inching closer to $3 trillion.

Shiba Inu [SHIB] one-hour price chart on Binance

Shiba Inu
Shiba Inu [SHIB] flips sides with a 26% daily surge 4

The short-term price chart of SHIB/USDT noted a battle between the bulls and the bears. The Awesome Oscillator was siding with the bear as it laid out sturdy red closing bars. The Chaikin Money Flow [CMF] indicator was clearly in support of the bull. The CMF marker remained over the zero median noting a bullish notion in the SHIB market.

Furthermore, the Relative Strength Index [RSI] noted that Shiba Inu was still being widely purchased by the buyers in its market.

Tampa mayor joins Miami’s Francis Suarez in accepting salary in Bitcoin

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Looks like the Bitcoin [BTC] bug hasn’t spared anyone. After Miami’s Mayor Francis Suarez, the mayor of Tampa Bay, Florida, Jane Castor declared that she would be accepting her next paycheck in Bitcoin.

The crypto industry has certainly attained impeccable recognition. Now, cryptocurrencies are widely being accepted by prominent firms as well as governments. Miami, a city in Florida was seen going big on crypto. The officials of the city went on to roll out crypto-friendly reforms which attracted an array of individuals into the region.

Sprucing up his presence in the crypto-verse, the mayor of Miami recently suggested that he would take his entire paycheck in Bitcoin. He seemed to have instigated a whole new trend as an array of mayors across the United States decided to accept BTC as salary.

Tampa Bay Mayor’s inclination towards BTC

The Mayor of Tampa, Jane Castor jumped on to the crypto bandwagon and announced that she would accept her pay in Bitcoin. Speaking at Florida’s Bitcoin Blockchain Summit, the mayor made this announcement and took on the challenge put forth by Francis Suarez. Celsius Network would reportedly take over the challenge of processing Castor’s payment in BTC.

Right after Suarez made his announcement this week, the newly elected mayor of New York City, Eric Adams noted that even he wanted to amass his first three paychecks in Bitcoin. His tweet read,

“In New York, we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!”

Anthony Pompliano aka Pomp was definitely the man behind this trend as he had previously posted a tweet saying, “It is time. Who is going to be the first American politician to accept their salary in bitcoin?”

Following this tweet, Suarez was quick to suggest his interest in accepting his paycheck in Bitcoin. Pomp took this opportunity and urged people to ask their mayors if they were bitcoin-friendly. The tweet read,

Tron NFT marketplace Uswap amasses prominent street artist Super Buddha

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Non-fungible tokens aka NFTs have an impeccable fervor surrounding them. Networks like Tron, Ethereum, Solana, and several others have opened up marketplaces for the sale of digitized art. This digital metamorphosis has proved to be vastly beneficial for artists. Not only does this give artists exposure but it also ensures that their art gets the recognition that it deserves.

An array of actors, singers, sports personalities, and most importantly artists have been riding the NFT wave. Super Buddha, a street artist from Shanghai decided to enter the ecosystem and bless the world of NFTs. Super Buddha originally hails from Shanghai however, he’s a non-native Chinese artist who has been living in Miami as well.

Super Buddha has been admired by many and has even formulated art for prominent personalities like the legendary boxer, Floyd Mayweather, musicians like Tory Lanez and Swae Lee along with Gianluca Vacchi, who is famous in the business field. The list doesn’t end here, Pope Francis also joined the lineup as Super Buddha is deemed as one of the Pope’s main artists. Super Buddha’s artwork is sought after by many as his work is inspired by an array of artists like Takashi Murakami, Kaws, Basquiat, and others.

The zeal around Super Buddha certainly dates back to his early days in Shanghai where he emerged as one of the first graffiti artists in the region. This was back when graffiti had just entered the Chinese territory and had the officials confused if it was vandalism or just art.

The artist has time and again suggested that the intent of his art focuses on shedding light on consciousness while providing good fortune to everyone. Therefore, elevating the presence of his art in the crypto or NFT space, Super Buddha decided to showcase his art on Tron’s prominent NFT marketplace, Uswap.

Tron’s very own NFT marketplace Uswap to onboard Super Buddha

Uswap entered the Tron network last year during this time. While it emerged as a leading decentralized exchange or DEX, the platform decided to take things up a notch by rolling out an NFT marketplace.

The platform claims to be the first public NFT marketplace on the Tron network. Uswap proclaims to offer NFT related services to users across the globe for just a fraction of the cost on the ETH network.

Tron has always been at the forefront of inducing new trends into its ecosystem. Therefore right when the craze around the NFT space took off, the Tron network decided to join in. NFT marketplaces built on the Tron network would be extensively different from that of the Ethereum network for various reasons. Hefty fee has been a major issue for several individuals, however, the Tron blockchain was designed in such a way that all transactions would be carried out in a cost-efficient manner.

While the platform already hoards multiple collections of collectibles from prominent artists all over the world, Super Buddha would be the latest to join the list. Along with him the work of another leading artist, Ferreristico would also be found on Uswap.

Binance Coin [BNB] jumps over $600 while other coins drown in the red sea

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The crypto market was painted in red. Binance Coin [BNB] was the only asset that was riding the bullish wave. Volatility was written all over the market. Just today, all the assets were seen surging but hours later almost the entire market dropped to the red zone.

Bitcoin [BTC], despite enduring a dainty drop, was seen floating above the $60K level. The altcoin market was in a slump. Solana [SOL] had been bagging significant gains over the last couple of days. However, today, the altcoin was smeared in red. XRP, Cardano [ADA], and Polkadot mirrored a similar notion. Shiba Inu [SHIB], was dropping by 3.60% which was good considering the asset’s recent track record.

Binance Coin [BNB] was on a roll. The altcoin was the face of today’s market. With a whopping 8.85% surge in the last 24-hours, BNB was the talk of the crypto town. During the time of writing, BNB was trading for $607. While the coin finally crossed the $600 level, the persistence of the ongoing trend could act as a great push to the asset.

The market cap of the altcoin was on board with the existing trend as it reached a high of $101.5 billion. Binance Coin stood as the third-largest cryptocurrency in the market.

Binance Coin [BNB] one-hour price chart

Binance Coin
Binance Coin [BNB] jumps over $600 while other coins drown in the red sea 6

The bulls were dancing all over the Binance Coin market. The one-hour price chart on BNB noted strong bullish signs which could mean that the chances of the altcoin moving on towards $650 were high. The Parabolic SAR indicator formed dotted lines below the price candles which further acted as a line of support.

The MACD line was way above the signal line which further indicated a bullish crossover for the altcoin.

The Relative Strength Index [RSI] indicator suggested that the altcoin was being overtly purchased by the buyers in the market.

Dogecoin co-founder has nothing to do with SHIB; Requests SHIB army to stop “screaming”

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Meme coins have been flourishing in the crypto market. Dogecoin [DOGE] and Shiba Inu [SHIB] have been residing under the crypto spotlight for quite some time now. This, however, seemed to be brewing a sort of rivalry between the communities of both the assets. With the intention of putting a stop to this, the co-founder of Dogecoin, Billy Markus took to Twitter and announced that he had nothing to do with Shiba Inu.

Over the last couple of weeks, Shiba Inu [SHIB] grew to amass immense popularity. From getting listed on prominent crypto exchanges to getting widely adopted by restaurants, firms, and other businesses across the globe, SHIB certainly formulated a significant place for itself. Despite being new to the market, the asset climbed up the crypto ladder and secured a spot in the top 10, and even gave DOGE a run for its money.

While DOGE is back on top, SHIB was at the 11th position as its price was sinking by 10%. Amidst this trend reversal, the co-founder of the Dogecoin network, Billy Markus decided to address the consistent spam he was receiving from the SHIB community.

Dogecoin co-founder calls out SHIB community

In a recent tweet, Markus pointed out that he had nothing to do with the Shib Inu project. The constant spam messages he amassed from the SHIB community even forced Markus to negate his contact information from his website.

The tweet read,

“BTW, I have nothing to do with the SHIB project. I made dogecoin 8 years ago and barely have anything to do with dogecoin.

I removed the contact form from my website as it was getting spammed with people from SHIB community screaming at me about their token.

Don’t do that.”

Dogecoin has garnered the support of an array of people. However, Elon Musk has been one of the network’s prominent supporters. Additionally, a couple of days ago the network even named Musk its fake CEO.

Paytm still skeptical about Bitcoin as Indian regulatory scene remains hazy

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Over the years, an array of platforms incorporated crypto into their systems. Prominent Indian digital payments firm Paytm seemed to like the idea of crypto particularly Bitcoin [BTC], however, is skeptical about adopting it. The regulatory scenario in India with regard to crypto appeared to be the reason behind the firm’s hesitation.

India has had a bizarre relationship with the crypto-verse. For several years, the legal status of crypto was unknown to the citizens of India. Individuals were made to believe that crypto was banned in the country, While the RBI, India’s central bank is still vouching for a ban, the finance minister of the country, Nirmala Sitharam affirmed that the government wasn’t against crypto. Even though no official ban against crypto is put in place, several Indians continue to trade in fear.

Many of them have been sitting on the fence waiting for the government to legalize the use of crypto. Paytm certainly belongs to this category as it seemed to consider incorporating Bitcoin into its system only after cryptocurrencies garner a legal status.

Paytm catches the crypto bug but awaits legalization

Appearing in a recent interview with Bloomberg, Madhur Deora, the chief financial officer at Paytm addressed the presence of Bitcoin in the Indian market. Just like everyone, Deora pointed out that the regulations surrounding Bitcoin were still in the “grey area” in the country. This seemed to put things off for the digital payments firm, however, the full regulation and legalization of Bitcoin could certainly change things, Deora noted.

Deora further added,

“Bitcoin is still in a regulatory grey area if not a regulatory ban in India. […] At the moment Paytm does not do Bitcoin. If it was ever to become fully legal in the country then clearly there could be offerings we could launch.”

As the world jumped onto the digital wagon, firms that facilitated digital payments began to flourish. Paytm has quite a big presence in India and is used by numerous individuals as well as businesses. As the firm preps to go public through an initial public offering, the incorporation of crypto could boost the adoption of both parties in the country.

Dogecoin [DOGE] falls prey to the bearish tide; Decline of the meme coins?

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The crypto market seems to be at the peak of its volatility. An array of assets like Dogecoin [DOGE], Ethereum [ETH], and even the king coin Bitcoin [BTC] were seen slumping after amassing significant gains just yesterday. Despite this downfall, certain coins like Binance Coin [BNB], Polkadot [DOT], as well as Solana [SOL], were bagging gains.

Solana [SOL] was at its peak. The altcoin surged to a high of $240, at press time and even climbed up the crypto ladder. Solana pushed prominent coins like Tether [USDT] and Cardano [ADA] down as it stood as the fourth-largest coin, right below BNB.

Bitcoin [BTC] managed to steer above the $60K level albeit having bears in its market. During press time, BTC was priced at $61, 482.

Over the last couple of weeks, meme coins like Shiba Inu [SHIB] and Dogecoin [DOGE] were seen making significant profits. Apart from this, the community had great fun watching both these assets battle it out to secure the ninth spot. Seems like Dogecoin won the battle as SHIBA dropped down by two spots.

Despite garnering victory here, Dogecoin witnessed a notable drop over the last 24-hours. Similar to other assets in the market DOGE was in a slump. At the time of writing, DOGE was trading for $0.26 with a 3.69% daily dip.

Additionally, the market cap of the altcoin was at $34.8 billion.

Dogecoin [DOGE] one-hour price chart on Binance

Dogecoin
Dogecoin [DOGE] falls prey to the bearish tide; Decline of the meme coins? 8

A strong sense of a bearish notion was noted in the one-hour price chart of Dogecoin. The Parabolic SAR indicator used in the short-term chart exhibited a bearish sentiment as the indicator laid out dotted lines over the price candles. The MACD indicator followed suit by forming a bearish crossover that couldn’t be reversed anytime soon.

Sellers were all of the DOGE market. The Relative Strength Index [RSI] indicator revealed that the altcoin was headed towards the oversold zone.

Shiba Inu [SHIB] continues to reside in the crypto limelight despite massive price drop

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The crypto-verse has witnessed the arrival and departure of an array of coins. Is Shiba Inu [SHIB] losing its hold in the crypto market? The ongoing price fluctuation in the Shiba Inu market has left an array of people wondering the same. Even though the whales were behind this massive downfall of the altcoin, it continued to flourish with regard to its popularity.

Since yesterday, SHIB noted a dramatic downfall. While all the others were enjoying a nice uptrend, SHIB noted a major fall. The altcoin’s price, during the time of writing, had dropped to a low of $0.00005607 with a whopping 13.86% reduction in the previous 24-hours.

Despite taking over its rival meme coin, DOGE, Shiba Inu plummeted with regards to market cap as well. Dogecoin [DOGE] stood as the 9th largest cryptocurrency with a market cap of $34.9 billion. SHIB, which had previously acquired this spot went on to take over the 11th rank which has a market cap of $30.7 billion.

New Shiba Inu trading pairs make it to Coinbase Pro

Coinbase Pro was one of the first crypto exchanges to accommodate the meme coin, Shiba Inu. The asset managed to secure a strong spot on the exchange and even managed to witness an extensive surge right after. In a recent tweet, Coinbase Pro announced the arrival of euro and British pound pairs. The tweet read,

“Trading on our SHIB-EUR & SHIB-GBP order books is about to begin. Books will now enter post-only mode. Customers can post limit orders but there will be no matches (completed orders). The books will be in post-only mode for a minimum of 1 min.”

In the meantime, more and more exchanges continued to induce Shiba Inu into their system. However, Robinhood clearly didn’t want any of that Shiba Inu bug.

Several months ago, a petition was started urging Robinhood to list the Shiba Inu coin. This petition required a total of 500,000 signatures. Over the months, the petition managed to amass signatures from a vast variety of people and at present, the total number of signatures reached a high of 486,805.