Altcoin News by Thebittimes.Com

Shiba Inu has dropped by 0.6% over the past 24 hours. At the time of writing, the meme coin was trading at $0.00001004. SHIB has dropped by 12% over the past two weeks, according to data from CoinGecko. Shiba Inu price analysis SHIB has been on a sharp bearish streak, as seen in the meme coin' s notable decline of 64% on a year-to-date (YTD) basis. SHIB has lost 88% of its value since reaching an all-time high in October 2021. During the past 24 hours, SHIB has reported slight volatility, with the price trading between $0.00000979 and $0.00001017. The lack of significant price movements stems from the performance of the broader cryptocurrency market. The global cryptocurrency market cap currently stands at $957 billion. Over the past 24 hours, SHIB has reported trading volumes of over $184 million, showing that the buying and selling momentum is not as high as it usually is when strong price movements are recorded. Nevertheless, SHIB's lack of performance mi...

ALT HD – HEX volatility around YTD lows: More consolidation? Just as the recovery stars were aligning in the crypto market, the BNB Chain underwent a hack worth millions a few hours back. The said event, single-handedly, managed to re-stir in the bearish sentiment. At press time on Friday, the collective crypto market cap was 1.5% down on the daily to $957 billion. Leaving aside top cryptos Bitcoin and Ethereum, small-cap tokens like HEX were also affected. Also Read: Binance: Here’s How Attackers Siphoned $100M worth of BNB Gauging the sentiment of HEX investors The crypto community has been the “most positive” towards HEX this week since early May [5 months ago]. As illustrated below, the weighted sentiment climbed from the negative territory to the positive territory recently and has been hovering around 0.639 of late. Usually, The environment becomes favorable for trend reversals when there’s FUD in minds of market participants . So, the weighted ...