Soo

@vietnamoff Wow, that's quite the move after 3 years! Ethereum is on the rise.

@Vietnampluss Wow, that's incredible! Bitcoin's potential is truly remarkable. Excited for what's ahead!

@soneslovesoshi Wow, what a turn of events! Hope they can catch up on rent soon.

The way their rent were due that they had to become construction workers and serve us 😘

@gunsnrosesgirl3 Let nature take its course. Intervening could disrupt the balance of the ecosystem.

Imagine you are wildlife photographer, would you intervene or let the circle of life continue?

@gallo53172 That's great news! Binance continues to demonstrate strong support for cryptocurrency development.

Binance Steps Up to Support PIVX Network Upgrade and Hard Fork Binance, one of the world's leading cryptocurrency exchanges, has announced plans to fully support the network upgrade and Hard Fork of PIVX (PIVX), a robust alternative coin within the blockchain ecosystem. In its latest announcement, Binance revealed the temporary suspension of deposits and withdrawals on the PIVX network, starting from 14:00 on February 29, 2024. This move aims to enhance user experience and facilitate a smooth transition for the PIVX network upgrade and Hard Fork. The network upgrade and Hard Fork are scheduled to occur at block height 4,281,680, estimated around 15:00 on the same day. While deposits and withdrawals will be temporarily suspended, token transactions on the PIVX network will continue as usual on the Binance platform. Binance pledges to ensure that all technical requirements related to the upgrade are carefully managed, and any user concerns will be promptly addressed. Once the network upgrade is completed and stabilized, deposits and withdrawals of PIVX tokens will resume. Binance will not issue any further announcements regarding this matter, demonstrating confidence that the upgrade process will be successfully executed. This proactive step by Binance underscores their commitment to providing seamless trading experiences and supporting the development of blockchain networks like PIVX. **Note:** This article does not constitute investment advice.

@LaureenHaw68615 Wow, that's quite a swing! Hope the Coinbase issues get resolved soon.

Bitcoin Hits $64,000 Before Sharp Decline as Coinbase Encounters Issue The price of Bitcoin surged to a new high of $64,100 on the Coinbase exchange, marking a remarkable two-digit leap. However, BTC experienced a sharp decline afterward as Coinbase users reported issues with their account balances. Coinbase CEO Brian Armstrong noted that the exchange had recorded a significant surge in traffic, enhancing the system's stability. Bitcoin surpassed the $64,000 mark on Wednesday, February 28, reaching its highest level since October 2021. However, an unexpected event unfolded as a large volume of Bitcoin worth $100 million was liquidated on the market shortly after, causing a significant downturn. This sudden downturn coincided with reports from Coinbase users about issues with their account balances, resulting in balances displaying as $0. Coinbase's support team confirmed this issue and is currently investigating. Following a period of volatility, the price of Bitcoin is now fluctuating around the $60,000 mark. Nevertheless, with a steady uptrend in recent times, Bitcoin has surged nearly 50% in just 30 days, reaching its highest level in years. The main driving force behind this price increase is the influx of a significant amount of money into Bitcoin ETFs. SEC approval of these ETFs has paved the way for Bitcoin to surpass the $50,000 mark, and the rapid growth of ETFs this week has further bolstered momentum for Bitcoin. BlackRock's IBIT recorded a significant trading volume of up to $1.3 billion this week alone. Meanwhile, Bitcoin ETFs have already raised $2.6 billion in just half a day of trading, setting a new record. While the market predicts some volatility ahead of the halving event, Bitcoin remains resilient around the $60,000 mark, marking a positive phase for investors and cryptocurrency users alike.

@LuiGi_GONZALZ_A That's concerning, glad to hear they're recovering. Keep an eye on your investments.

Coinbase Recovers After Service Disruption Amid Reports of Zero Balances and Missing Cryptocurrency** Coinbase, one of the largest cryptocurrency exchanges, is bouncing back from technical glitches that left users unable to access their account balances amid a surge in Bitcoin prices, nearly reaching $64,000. The platform has announced that it has resumed normal operations after encountering technical difficulties, causing users to see zero balances in their accounts. The issue is believed to be caused by a surge in traffic following Bitcoin's brief spike to around $64,000 before retracing. Zero Balances on Coinbase On February 28, some Coinbase customers were met with an unpleasant surprise when they logged into the app and found their account balances showing zero. This issue sparked panic and confusion, with some users fearing a hack and their funds being stolen. However, Coinbase promptly responded to the issue, reassuring users that their funds were safe. According to CEO Brian Armstrong on X, the app's outage was due to "a surge in traffic." In a series of status updates on the Coinbase website, the company acknowledged the zero balance issue, also stating that there were problems with buying and selling. The exchange continues to report improvements in customer transactions, although it acknowledges that increased traffic may still cause "errors in receiving and some payment methods" for some customers. The latest update, posted at 1:05 PM Pacific Standard Time (PST), states: "We are beginning to see Coinbase.com activity normalize. We will continue to monitor our system and provide updates." Meanwhile, Armstrong, in a subsequent tweet, stated that the Coinbase app is "recovering," noting that the company has tested "a tenfold increase in traffic" but cautioned that the current situation exceeds the exchange's expectations. Recent Trading Frenzy The recent trading frenzy follows Bitcoin's surge to nearly $64,000, its highest level since November 2021. However, Bitcoin has slightly declined and is currently trading at over $61,000. Not the First Time While Coinbase's app activity appears to be returning to normal, the cryptocurrency community points out that the platform always experiences outages whenever Bitcoin prices surge. This is when some traders attempt to sell their assets to realize profits. In addition to Coinbase, other major cryptocurrency exchanges like Binance are also known to be facing technical issues amid the market's rapid rise. Meanwhile, with the upcoming Bitcoin halving event expected in April 2024, along with other factors, there has been some optimism about the market's largest cryptocurrency. Some analysts, investors, and traders have made price predictions for BTC, which could reach up to $21 million per Bitcoin.

@felipa8193 That's impressive news, Bitcoin continues to make waves in the market.

Bitcoin Surges to $63,000 as Memeinator's Pre-Sale Phase 16 Nears Completion Bitcoin has surged to $63,000 for the first time since December 2021, coinciding with the imminent completion of Memeinator's pre-sale phase, which has already raised over $5.2 million. BTC Hits All-Time High of $63,000 Bitcoin, the world's leading cryptocurrency by market capitalization, has been performing exceptionally well since the beginning of the week. It has soared by 22% during this period, outperforming other major cryptocurrencies. BTC reached $63,700 on Wednesday, its highest level since December 2021. At the time of writing, the price of Bitcoin stands at $62,969, up 10% in the past 24 hours, edging closer to its all-time high of $69,000. What is Memeinator? Memeinator is a Web3 meme project still in its pre-sale phase. The project aims to provide services for content creators using memes. According to the official report on the Memeinator website, the development team has outlined a series of strategies to transform Memeinator into one of the leading meme coins in the cryptocurrency space. What makes this project intriguing is the proposed value it brings to investors and content creators. The project's launch as a meme coin is due to the team's intention to capitalize on the recent surge in trading volume and popularity of meme coins. The research team aims for Memeinator to achieve a $1 billion market capitalization, making it one of the top meme coins in the cryptocurrency space. What Makes Memeinator Unique? Memeinator offers utility in the real world for users, unlike most existing meme coins. Its main function is to eliminate worthless memes on the internet, allowing users access to quality memes. This ensures that Memeinator provides utility for users and benefits for token holders. Pre-Sale Success of Memeinator The Memeinator pre-sale program is currently in its 16th phase and has surpassed a significant milestone. The project has raised over $5.2 million and is close to reaching its $5.4 million target for the current phase. The original token, MMTR, was sold at $0.01 during the first pre-sale phase and is currently priced at $0.0233. The price will rise to $0.0485 at the end of the pre-sale, providing investors with an early ROI of 264% upon listing. Should You Invest in MMTR Before the Pre-Sale Ends? The Memeinator pre-sale is approaching completion as over 70% of the total tokens allocated for the ICO have been sold. The pre-sale of Memeinator is selling out rapidly due to the unique value proposition the project offers to investors. The project aims to become one of the top meme coins in the cryptocurrency space with widespread acceptance. With its unique value proposition for users, Memeinator has attracted content creators by allowing them to eliminate worthless memes. In addition, the MMTR token has several excellent features, including a deflationary mechanism and rewards for holders. The tokenomics show that 20% of the tokens are allocated for marketing activities, CEX listing, and liquidity. Conclusion Memeinator presents a unique value proposition for users and has the potential to become one of the top meme coins in the cryptocurrency space with appropriate levels of acceptance.

@FantMelind29172 Wow, the crypto market is all over the place right now.

Record-Breaking Bitcoin ETF Activity Spurs Market Volatility The cryptocurrency market is witnessing intense fluctuations amid record-breaking Bitcoin ETF activity, with Bitcoin experiencing a severe price drop after reaching a new high for the year. According to CoinGecko, Bitcoin reached a local high of $63,637 on February 28, falling just 6% short of its previous all-time high. This marked the first time the leading cryptocurrency traded above $63,000 since October and November 2021. However, the market quickly rejected these new highs, with MacroCRG, a representative of Vertex Protocol, warning that $1.6 billion in open interest was wiped out from Bitcoin derivative instruments just 15 minutes after BTC peaked. CoinGlass data indicates that Bitcoin's current open interest stands at nearly $27 billion. BTC is currently trading at $62,930 after stabilizing in recent hours, including a 22% increase over the past 24 hours and a staggering 135% increase since hitting a local low of $26,840 in mid-October. Ether has also surged 18.5% over the past 24 hours, last trading at $3,473 - its highest level in nearly 23 months. ETH has risen 124% since dropping to $1,550 in mid-October, with many prominent analysts suggesting that Ether could become the second cryptocurrency offered through an exchange-traded fund (ETF) in the coming months. High Demand for Bitcoin ETFs Drives Price Momentum Bitcoin's remarkable market momentum continues to be driven by increased activity surrounding the launch of 10 Bitcoin ETFs in January, following months of anticipated price increases. According to data compiled by Eric Balchunas, a senior ETF analyst at Bloomberg, these funds posted their strongest daily trading volume on February 28, with shares worth $8 billion traded. The "nine newborns" - nine funds excluding the Grayscale Bitcoin Trust, which traded prior to converting to an ETF in January - held trades worth $6 billion, doubling the previous all-time high since February 26. BlackRock's IBIT ETF accounted for over half of the volume at $3.34 billion, followed by Grayscale's GBTC at $1.84 billion and Fidelity's FBTC at $1.44 billion. Bitcoin futures ETFs also contributed to trading volume of $2 billion. Daily inflows into Bitcoin ETFs also reached a new record of $637.4 million on February 28, with IBIT alone attracting $612.1 million, followed by FBTC with $245.2 million, according to data compiled by Bloomberg analyst James Seyffart. Outflows from Grayscale's GBTC surged 70% from the previous day to $216.4 million, while VanEck's Bitcoin Trust saw outflows of $3.4 million. Data compiled by HODL15Capital, an investor and analyst, shows that 10,050 BTC were accumulated on February 27 - eleven times the rate of new BTC issuance, which is around 900 BTC per day. ETFs currently hold over 300,000 BTC, or about 1.5% of Bitcoin's total supply. Ryan Adams, co-founder of Bankless, tweeted: "You have to hand it to the Bitcoiners, they said the banks would ultimately have to buy their bags." "They were right." RIAs Cautiously Embrace Bitcoin ETF Holdings The frenzy of Bitcoin accumulation by instant ETFs also comes as Registered Investment Advisers (RIAs) based in the US begin offering their clients access to these funds. Last week, Carson Group, a network of RIAs managing $30 billion in assets, greenlit 4 Bitcoin ETFs for its investors. A February 27 profile from Morgan Stanley suggests that the bank's European Opportunity Fund may be preparing to hold shares of Bitcoin ETFs, with the fund previously holding stakes in Grayscale's Bitcoin Trust before converting to an ETF. Morgan Stanley also confirmed that they will provide clients with asset management access to BTC through external cryptocurrency funds in their first-quarter earnings call in 2021. In January, Ric Edelman, founder of Edelman Financial Services, predicted that RIAs would invest $150 billion in instant Bitcoin ETFs over the next three years. Edelman said, "Our research shows that 77% of independent advisors plan to allocate an average of 2.5% of their clients' investment portfolios to Bitcoin ETFs." However, Edelman acknowledges that it will take time for many RIAs to begin allocating assets to Bitcoin ETFs. Edelman continues: "Companies need time to bring these new ETFs onto their platforms, and compliance departments need to establish usage policies for them." "All advisors need to be trained, as most are unfamiliar with blockchain technology and don't know how to explain Bitcoin to clients."

@BriaVirgil18301 Exciting to see MATIC's potential growth, keeping an eye on its progress.

MATIC: Heading Towards the $2 Milestone? In the cryptocurrency market, volatility is inevitable. With the development of Polygon (MATIC), the question arises: can this token reach the $2 mark in the near future? MATIC, in recent days, has shown signs of breaking out of the uptrend pattern, with the next target being to surpass the $2 threshold. Data from CoinMarketCap shows MATIC is currently trading around $1.05, with a market capitalization of over $10 billion. However, slow price action has also affected market sentiment. AMBCrypto has presented some important analyses of MATIC's situation. Data from Hyblock Capital shows that the token's liquidation level could increase significantly when it reaches the $1.08 mark. This implies that MATIC will have to overcome this hurdle to advance further. Although there have been positive signs with the uptrend pattern, market indicators are still not entirely clear. AMBCrypto has noted some indicators like Weighted Sentient are decreasing, indicating that the bearish sentiment still prevails. However, not all is negative. Recent tweets from Captain Faibik have shown optimism about MATIC's potential to break out of the triangle pattern, opening up the opportunity to reach the $2 milestone in the near future. To better understand MATIC's prospects, AMBCrypto has explored its daily chart. This data shows Polygon's high volatility, as reflected in the Bollinger Bands. The MACD also indicates the advantage of buyers in the market, while the Chaikin Money Flow (CMF) suggests the possibility of an uptrend. However, it's worth noting that the Relative Strength Index (RSI) has been declining, indicating that investors may have to wait longer to see MATIC reach $2. In conclusion, in the context of cryptocurrency market volatility and unpredictability, MATIC reaching the $2 mark is not only a challenge but also an opportunity for patient investors and careful evaluation.

@LuiGi_GONZALZ_A Thanks for sharing this important security warning. Stay safe, Shiba Inu community.

Important Security Warning for Shiba Inu Community: Safeguarding SHIB, BONE, and LEASH Assets The Shiba Inu community is facing new security challenges, making the protection of SHIB, BONE, and LEASH assets more crucial than ever. Investors and participants in the Shiba Inu ecosystem have been warned about crucial information to ensure the safety and security of their assets. A fraud alert from Shib Army, or @susbarium, a prominent account in detecting fraud and safeguarding the Shiba Inu community, has been issued. This warning emphasizes the presence of scams within the community and the need to be vigilant against them. Specifically, there are no longer any minting activities or Sheboshi compensation requests, and any websites claiming otherwise or offering airdrops may be scams. This is an important warning that investors need to heed to avoid unwanted risks. The launch of Sheboshis, a collection of 20,000 NFTs created by Shiba Inu, has also attracted community attention. Using the DN-404/ERC-404 standard, Sheboshis mark a significant step in the development of hybrid tokens, combining the benefits of ERC-20 and ERC-721 standards. This provides liquidity and partial ownership rights for the NFT space, creating a new opportunity for participants. However, after the initial launch, Sheboshis compensation requests encountered some issues. The first phase for initial Shiboshi NFT holders proceeded smoothly, but the second phase faced difficulties with opening up to LEASH token holders. Although there were plans for a third phase dedicated to the public minting company, this did not materialize due to the rapid sell-out of Sheboshis in the second phase. This highlights the need for caution and vigilance within the community, especially when facing scams and potential risks. Lastly, the unveiling of Sheboshis' faces has sparked excitement within the Shiba Inu community, and the recent listing of the SHEB token on multiple cryptocurrency platforms further underscores the ecosystem's development and the appeal of new projects within the community. In conclusion, security warnings and asset protection within the Shiba Inu community are extremely important. Participants should always remain vigilant and adhere to guidelines to avoid unwanted risks and ensure the safety of their assets.

@gallo53172 Yikes, that's a huge hit. Hopefully they can recover from this setback.

Serenity Shield Token Plummets Nearly 99% Following MetaMask Wallet Breach The Serenity Shield token, once hailed as a "crypto legacy solution," has witnessed a staggering decline of almost 99% in its value after approximately 6.9 million SERSH tokens worth $5.6 million were reportedly siphoned off from one of the team's MetaMask wallets. In response to the breach, the Serenity Shield team has assured the community that they are actively working to restore liquidity to all new token contracts and will replace all liquidity lost due to the exploit. Serenity Shield confirmed the breach in a post dated February 27th, announcing to its community that they are temporarily halting all trading, deposits, and withdrawals of SERSH on centralized exchanges. The project stated that SERSH would relaunch with a new token contract, without disclosing a specific timeline. "This decision aligns with our commitment to responsibly protect the interests of the community and minimize exposure to security incidents," they wrote. In the same announcement, Serenity Shield stated that they are actively working to restore liquidity to all new smart contracts and will replace all liquidity lost due to the exploit. The exploit occurred at 9:11 AM UTC on February 27th, where 6.9 million SERSH tokens, valued at $0.82, were transferred from one of the project's MetaMask wallets to an unidentified third-party wallet. According to CoinGecko, the price of SERSH experienced a gradual decline over a 5-hour period before plummeting by 98% from $0.565 to $0.009 within just 5 minutes. SERSH partially recovered to $0.23 at the time of publication. Related: Axie Infinity Co-Founder Loses $9.7 Million in 3,248-ETH Wallet Hack The news was met with disapproval from some users, including "Hamster Altcoins," who claimed that the administrators of Serenity Shield's Telegram channel were muting critics. Users also criticized the project for storing funds in a hot wallet like MetaMask. Hot wallets, such as MetaMask, are connected to the internet for faster and easier access to decentralized financial protocols. They are considered less secure than cold wallets, which are physical devices used for offline storage of private keys. The SERSH token was launched less than ten weeks ago, on December 18th. The breach highlights the ongoing risks associated with decentralized finance and the importance of robust security measures to protect users' funds and maintain trust within the crypto community.

@FantMelind29172 Great move by MicroStrategy to increase their Bitcoin holdings. Bullish on their stock price!

MicroStrategy Makes Timely Move in Halving Bitcoin Holding, Target Price $990: Benchmark** Benchmark has revealed that MicroStrategy's Bitcoin holdings have surpassed $11 billion, and the company's stock could see a price increase due to growing institutional demand for Bitcoin and the cryptocurrency's upcoming halving event. MicroStrategy stock is being "bought" with a target price of $990 as Bitcoin's price drops to $56,831. The company is preparing to capitalize on significant winds from institutional demand and the halving event in April, according to Benchmark, a leading investment bank. In a research report on February 27, senior analyst Mark Palmer of Benchmark wrote that MicroStrategy (MSTR) has provided investors with a timely play on the upcoming Bitcoin halving. The company's Bitcoin holdings have risen to over $11 billion. "Our price target for MSTR is based on our assumption that the price of Bitcoin will reach $125,000 by the end of 2025." Palmer predicts that MicroStrategy's stock price will also rise as demand for Bitcoin increases, driven by the new Bitcoin exchange-traded funds (ETFs) in the United States. On February 26, 10 US Bitcoin ETFs - excluding Grayscale's GBTC - witnessed significant inflows of $519 million and have now generated a total of over $6 billion in net inflows since launching on January 11. Additionally, Palmer sees the upcoming Bitcoin halving - currently scheduled for April 20 - as another reason to predict upward movement in MicroStrategy's stock. The Bitcoin halving refers to the halving of rewards for miners, cutting them in half. This reduces the future supply of new Bitcoins on the market and is widely seen by cryptocurrency market experts as a long-term price catalyst. He noted that Bitcoin's first halving in 2012 saw its price rise from around $12 to nearly $1,000, while after the halving in July 2016, Bitcoin rose from $650 to $2,250 over the following year. He further stated, "The halving in May 2020 preceded Bitcoin's sharp price increase from $8,572 to an all-time high of $67,566 in 2021." MicroStrategy uses a "leveraged operating strategy" - a tactic using borrowed capital and stock sales to pay for its Bitcoin holdings without incurring additional fees - to increase its direct exposure to Bitcoin, which Palmer believes will benefit the company if Bitcoin continues to appreciate. On February 26, MicroStrategy purchased an additional 3,000 Bitcoins, bringing its total holdings to 193,000 BTC - currently valued at just over $11 billion. MicroStrategy's stock price is currently at $871, up 9.4% on the day, according to TradingView. Meanwhile, Bitcoin is trading at $57,083 and has seen a 9.2% increase over the past week, largely due to strong institutional demand for cryptocurrency.

@BriaVirgil18301 Excited to see Uniswap making moves to enhance user experience and rewards.

Uniswap Launches Web Wallet Extension and Introduces New User Rewards Proposal Uniswap, the leading decentralized exchange (DEX), has just officially released a web wallet extension for its native wallet, promising to bring a more flexible and convenient trading experience to the user community. According to the latest announcement on February 27th, a waiting list is now available for users who have confirmed their uni.eth usernames. Uniswap declares, "We will grant access to the Uniswap Beta Extension in the order of confirmed ownership of usernames." Similar to existing self-managed wallets like MetaMask, the Uniswap Wallet Extension will allow users to send, receive, buy, and exchange various tokens and altcoins directly from their web browsers. The uni.eth domain, based on the Ethereum Name Service, provides the ability to convert users' 0x addresses into memorable usernames. As of February 25th, over 100,000 uni.eth subdomains have been confirmed. In recent times, the price of the UNI token has surged by over 80%, largely due to a new proposal regarding protocol fee rewards for users. According to the proposal by Erin Koen, head of governance at the Uniswap Foundation, this upgrade will reward UNI holders who stake and delegate their tokens. On February 27th, Koen further stated in another post that this proposal will maintain the immutability of the Uniswap DEX, optimize security, and preserve its testing capabilities for the future. He wrote, "An additional benefit of maintaining immutability is eliminating the risk of errors and loss of users' funds in the future." "Discussions on this proposal are currently underway. Cointelegraph previously reported that Uniswap is set to launch the V4 DEX in the third quarter of 2024 following a major upgrade of Ethereum." The launch of the Uniswap web wallet extension and the introduction of new user rewards promise to usher in a new era for this decentralized trading platform, enabling users to experience trading more conveniently and securely.

@LaureenHaw68615 Exciting progress in AGI development, looking forward to the future possibilities!

"Baby AGI" Could Become Reality by Early 2025: SingularityNET Founder According to Ben Goertzel, "Baby AGI" could soon become a reality by early 2025, as a "comprehensive toolkit" for Artificial General Intelligence (AGI) seems to be getting closer. Ben Goertzel, the founder of SingularityNET, shared detailed plans at the beneficial AGI summit in Panama on February 27. He emphasized the creation of an initial prototype framework for AGI and committed that it wouldn't be controlled by corporations or governments, but rather serve humanity. AGI, or Artificial General Intelligence, is a theoretical concept of creating an AI system capable of completing any intellectual task that humans can perform. Goertzel's plan includes using open-source, decentralized infrastructure and governance, along with diverse AGI algorithms and legally sourced data management, to ensure global participation. Goertzel stated that this plan would strengthen everything being done in the SingularityNET ecosystem and described building a new decentralized AI infrastructure. While the network is designed to promote collaboration and diverse contributions to achieve AGI, Goertzel also highlighted his own OpenCog Hyperon project. Scheduled to be released as an Alpha version in April, Hyperon is described as a prototype AGI using its own programming language named Metta. Goertzel noted that to achieve "Baby AGI," they need to scale up the system massively from now until the end of the year. He believes that by early 2025, AGI could become a reality and supports Vitalik Buterin's approach to accelerated defensive development. Although AGI could bring many benefits, it also faces risks, from competition between nations to the ethical use of AGI. Ben Goertzel has issued cautious warnings and emphasized the need for balanced development, ensuring that AGI progress will truly benefit humanity.

@felipa8193 That's incredible news! Bitcoin's rise is truly phenomenal. #cryptocurrency #bitcoin #marketcap

Market Capitalization Reaches $2 Trillion as Bitcoin Surges Above $57,000 The cryptocurrency market has more than doubled in recent months, spearheaded by a remarkable surge in Bitcoin's value. The total market capitalization of the cryptocurrency market has surpassed $2 trillion for the first time since April 2022, driven by positive market sentiment and inflows into Bitcoin spot exchange-traded funds (ETFs). The price surge of Bitcoin has propelled the world's largest cryptocurrency by market capitalization to its highest level in years, reaching $57,513, while Ether (ETH) saw a 7% increase to settle at $3,270 at the time of writing. Other top altcoins are also flashing green, with Solana's SOL gaining 9% in the past 24 hours to reach $110. XRP, Cardano's ADA, and Avalanche's AVAX rose by 5.3%, 7%, and 6.5% respectively. Dogecoin, ranked 10th, experienced a double-digit increase, rising by 15% to $0.09779. According to CoinMarketCap, the combined efforts have reached a peak as the global cryptocurrency market value surged by 7.7%, reaching its highest level in 22 months at $2.14 trillion. To put it into perspective, the cryptocurrency market is now larger than Amazon by approximately $33 billion and larger than Alphabet, Google's parent company, by $42 billion. Cryptocurrency Market Doubles in Just a Few Months Cryptocurrency enthusiasts on X are quickly celebrating the return to the $2 trillion mark, with some, like The Kobeissi Letter, questioning whether "Bitcoin's all-time high is ahead." Commentators at The Kobeissi Letter noted that the total cryptocurrency market capitalization had "more than doubled from its recent low" of $978 billion reached on September 11, 2023. Independent technical analyst Crypto Damus discovered that the cryptocurrency market capitalization reached $2.06 trillion, suggesting it is approaching a significant resistance level. He shared the following chart with his over 36,000 followers on X, wondering what new price discoveries await as the market recovers 50% from its all-time high of $3 trillion. Famous market analyst Voice of Crypto posted a chart showing all major cryptocurrencies trading in green, considering the movement above $2 trillion in total market capitalization as "extraordinary." Positive Market Sentiment Supports Cryptocurrency Prices According to data from Alternative, the recovery market is based on increasing market sentiment, as the Fear & Greed Index shows "extreme greed" at 79 on February 27th. The last time this index was in the "extreme greed" zone was in November 2021 when the price of the leading cryptocurrency reached its all-time high of $69,000. During strong recovery periods, the index may remain in the "extreme greed" zone for an extended period. However, Alternative warns, "When investors become too greedy, it means the market is about to correct." Bitcoin Suisse market analyst shared a chart showing that market sentiment is also in the "extreme greed" zone at 79, indicating: The cryptocurrency market recovery is driven by capital inflows into cryptocurrency products. The widespread recovery in the cryptocurrency market is led by Bitcoin, which has seen strong demand for spot exchange-traded funds. Concurrently, outflows from Grayscale Bitcoin Trust (GBTC) reached an all-time low of $22 million. Data from Farside Investors shows that GBTC outflows slowed for the third consecutive day on February 26. Bitcoin ETF conversions ended the trading week on February 23 with net outflows of $44.2 million, then halved on February 26. According to CoinShares' report, Bitcoin investment products accounted for 99% of total cryptocurrency inflows last week. Bitcoin welcomed inflows worth $569.5 million, pushing the total assets under management to $67.5 billion globally. Additionally, Bitcoin ETFs continue to see inflows, totaling $5.5 billion since their market debut on January 11, according to Yahoo Finance data. Overall, cryptocurrency products have garnered $5.8 billion since they began trading, according to CoinShares. According to HODL15Capital's ETF analyst, Bitcoin ETFs are also rising in price alongside BTC, with BlackRock's iShares Bitcoin ETF ranked "#5 out of 3,400 ETFs and outperforming @Vanguard_Group's top ETF, $VOO".

The potential for SHIB to "moon" may be very feasible While some owners are counting their losses, SHIB may be poised to step on the gas pedal. The network's profits have decreased, but the next possibility is a recovery from recent lows. SHIB's price could rise to $0.000012 if the inflow of capital increases. If history repeats itself, Shiba Inu's [SHIB] price could be on the verge of a breakthrough. AMBCrypto has reached this conclusion after evaluating the Profit/Loss realized on the network. At the time of writing, Shiba Inu's network Profit/Loss realized has surrendered to -83.49 million. These figures track the inflow and outflow of capital as well as the network's profit trends. Increasing positive values indicate an inflow of capital and profits received on the chain. But when this happens, it will increase the likelihood of reaching a local peak. In this case, SHIB's price may decrease due to decreased demand. However, the negative outcome of the network Profit/Loss realized shows a high outflow of capital. Furthermore, the low values ​​of these figures may trigger a recovery. Thus, SHIB may be considering a higher fluctuation above $0.00001. Everything seems ready to take SHIB higher The recovery of SHIB to $0.00001 only happened recently. According to our observation, the negative outcome of the network Profit/Loss realized played a role in the price increase. However, the memecoin tried to reach $0.000011 during the same period. But it couldn't because the bear camp had to refuse. It is important to note that figures alone cannot determine whether SHIB is heading to the moon or not. In the context where "moon" is a term used to describe the skyrocketing price of a cryptocurrency to a staggering valuation. So, we believe that other feasible catalysts need to be analyzed. One index we checked is the burn mark of Shiba Inu. Burning SHIB occurs when some tokens are removed from circulation. Typically, this destruction is considered to stabilize the value and has the potential to increase prices. But as AMBCrypto reported, that doesn't always happen. At the time of writing, SHIB burned in the past 24 hours increased by 298.21%. When combined with the initially mentioned figures, it gives SHIB a higher potential for breakthrough. If strong buying pressure appears at this stage, SHIB's price could move towards $0.000011. The next stop could be $0.000012 Looking at SHIB from a technical perspective, we see Supertrend flashing a buy signal. However, the SHIB/USD pair in the 4-hour timeframe shows a buy signal at $0.0000094. Therefore, the token may decline from $0.00000989. If the price drops to this level, traders may consider opening long positions. Meanwhile, the Money Flow Index (MFI) shows a decrease in the inflow of Shiba Inu. This decrease implies that some owners have recently cashed out profits while some long-term holders may be calculating their losses. If the bull camp decides to hold SHIB without significant reduction, the MFI index may increase. If the MFI index rises, SHIB's price could rise to $0.000012. From the price at the time of writing, this figure represents a 17.5% increase for the token. Considering the current market sentiment, this seems achievable.

Ethereum Token Hybrid Sector Heats Up with Emergence of ERC-404 Rival Everything is heating up in the Ethereum token hybrid sector with the emergence of the DN-404, a competitor to the ERC-404, coming into play. A group of Ethereum developers has rolled out the DN-404 rival. The DN-404 alternative promises to deliver the benefits of ERC-404 with lower costs and higher security. DN-404 Developers opt for a tighter deployment of existing token standards. A trial token standard that combines the characteristics of ERC-20 and non-replaceable tokens (NFT) ERC-721 is sparking excitement in the Ethereum space in February 2024. This new token type, ERC-404, has gained traction for its promise to address liquidity and fragmentation issues of NFTs. However, with concerns arising about the efficiency and security of this trial standard, a group of developers has introduced a rival deployment called DN-404, aimed at addressing these newfound issues. DN-404 Comes into Operation: After a few days of work, on Monday, February 12, a group of Ethereum developers announced the ERC-404 token standard, named "Fractionalizable NFT" (DN-404). As emphasized by one of the developers, "cygaar," the DN-404 standard operates similarly to the ERC-404 standard. Simply put, when users hold a basic unit of the token, they will automatically receive the corresponding NFT. Once again, when a user's holding decreases below a basic unit, the corresponding NFT will be burned. Similar to the ERC-404 trial standard, this mechanism allows users to trade NFTs as usual or trade parts of them as tokens, enabling original differentiation and addressing liquidity concerns. Although achieving similar results, DN-404 developers argue that their deployment helps save transaction costs and significantly reduces security vulnerabilities. "I can say it saves gas on average about 20% compared to ERC-404. DN-404 is built to be fully backward compatible with anything built for both 721, 20, or both," noted another developer. How DN-404 Differs from ERC-404: The core difference between DN-404 and ERC-404 lies in how they are designed internally. Unlike ERC-404, which attempts to consolidate the functionality of ERC-20 and ERC-721 tokens into a single contract, DN-404 uses two separate but linked contracts. "In effect, everything returns to the way it was before. Both ERC721 and ERC20 contracts exist and operate as standalone products, but inside, they run on the same shared 404 rails. The protocols always know exactly what you're transferring because each contract address adheres to one standard," wrote the developer.

225 Billion Shiba Inu (SHIB) Tokens Disappear from Major US Exchange Coinbase, Stirring Crypto Community A seismic wave has rippled through the crypto community as 225 billion Shiba Inu (SHIB) tokens suddenly vanished from the leading US exchange Coinbase. This mysterious disappearance has sparked speculation and rumors within the community. Over the span of two days, an unidentified entity executed two significant withdrawal transactions. The first transaction witnessed the withdrawal of 132.22 billion SHIB tokens from Coinbase, followed by an additional 92.83 billion tokens within the past 24 hours. As of now, the total value of these SHIB tokens in the wallet is estimated at around $1.99 million. This large-scale transfer has garnered particular attention, especially occurring during a relatively stable period for SHIB prices. Although the price of Shiba Inu has remained around $0.000009 per token over the past 15 days, some predictions suggest that this may signify an accumulation phase, with prospects of price increases in the near future. The actions of this entity have highlighted the significance of large investors in the crypto market. While the price direction of SHIB remains uncertain, the significant withdrawal from Coinbase indicates the optimistic sentiment of some investors. As the community awaits further developments, all eyes remain on the mysterious figure behind the sudden disappearance of 225 billion SHIB tokens from one of the largest exchanges in the US.

GoDaddy Partners with Ethereum Name Service (ENS): Free Linking of Website Domains with Blockchain GoDaddy, one of the world's leading hosting and domain registration companies, has announced a partnership with the Ethereum Name Service (ENS), a domain naming service built on the Ethereum (ETH) platform. According to a recent press release, GoDaddy users can now link their domains with ENS without incurring any additional fees or requiring technical knowledge. Paul Nicks, the Domain President at GoDaddy, shared: "As long-standing domain industry managers, we are always seeking innovative advancements that benefit our customers. Partnering with ENS provides our customers with a unique opportunity to experience the integration of domain and blockchain technology, delivering significant benefits to users in both areas." According to the press release, the Domain Name System (DNS) will translate domain names into a unique IP address, while ENS will transform wallet addresses into more human-readable names. Although bringing domain services to ENS was feasible before, integration remained complex for most users, and this collaboration aims to change that. Nick Johnson, the founder of ENS, stated: "With this significant milestone, we are advancing our mission to build a safer, more decentralized, and user-friendly Internet. ENS, like DNS, is a public good and a core part of the internet infrastructure. By combining ENS domain names with GoDaddy domains, we will streamline how users interact with web domains, merging the familiarity of DNS with the potential of blockchain technology." ENS is currently valued at $19.78 USD at the time of writing, showing a 9.3% increase in the last 24 hours.