Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion. But despite falling behind in ranks, SHIB's price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38% month-to-date (MTD). As a result, Shiba Inu gained more than 50% MTD against the dollar versus Dogecoin's 11%, as shown in the chart below. Most of the February's — and, in fact, 2022's — gains in the SHIB market surfaced on two dates: Feb. …

The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and which are returning to their previous trading range where they were before the recent three-week downturn. Trader Joe is one of the decentralized finance (DeFi) protocols that continued to push out new developments during the market-wide correction.. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.658 on Jan. 24, the price of JOE rebounded 147% to a daily high of $1.63 on Feb. 1 before entering a new consolidation range. Three …

Everyone might be a genius during a bull market, but the real stars begin to shine when the waters get choppy. The same can be said for crypto projects and developers and once the pump is over, it's easier for investors to separate the pump and dump projects from those with good fundamentals. Sometimes a bull market, sometimes a bear market, always a builder’s market. — a a ron (@aaroneth_) February 2, 2022 Now that Bitcoin (BTC) price has found its place back in the $42,000 to $45,000 zone, the mood across the crypto ecosystem has once again flipped bullish …

Avalanche (AVAX) recovery extended into its third week, primarily in the wake of similar upside retracement across the top crypto assets. On Thursday, AVAX's price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. The massive intraday move came as a part of a recovery that started Jan. 22, after the Avalanche token bottomed out near $53. As a result, AVAX's net rebound came out to be more than 80%. Network growth offsets macroeconomic scare Crypto markets have been whipsawed since the beginning of 2022 as investors assessed the U.S. Federal Reserve's monetary tightening prospects. …

XRP price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC's Memorandum of Law in support of Motion to Strike fair notice defense, according to court documents. Additionally, Judge Torres also ordered to unseal three documents concerning the SEC vs. Ripple case, including Ripple's CEO Brad Garlinghouse's email thread and deposition notice and founder Chris Larsen's email string. Markets received Judge …

Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks. SHIB price rallied to mid-January highs On Monday, the meme-token climbed to $0.00002961, its best level since Jan. 18, amid renewed buying interests across the cryptocurrency market. Before the retracement, SHIB's price had crashed by almost 80% from its record high of $0.00008870. Nonetheless, the wild price recovery also came closer to triggering two classic sell signals. First, SHIB's daily relative strength index (RSI), a technical indicator that fluctuates in the range between 0 and 100 to signal whether an asset is …

The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for its player-vs-player (PVP) competition round. In detail, the play-to-earn startup expanded its number of leaderboard slots to 300,000 and boosted the amount of AXS rewards to 117,676 from the earlier 3,000 for the next season. "This will supercharge the competitive Axie scene and create more demand for quality Axie teams in the ecosystem," Axie Infinity explained, adding that their move would create …

The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale. One project that is beginning to gain traction in its effort to bridge the old world with the new is Decentraland (MANA), a virtual reality (VR) ecosystem built on the Ethereum network that allows users to create, engage with and monetize digital content through a variety of interactive experiences. Data from Cointelegraph Markets Pro and TradingView shows that over the past two weeks, the price …

An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail strong rallies as more and more traders hop on the bandwagon in the hopes of a ride to the moon. Yet, in some cases, it is surging trading volume that leads to price appreciation. In such a scenario, getting alerted to anomalous trading activity around a token can help crypto …

It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains. One project that has weathered the storm in the crypto markets to establish a new all-time high is Telos (TLOS), a blockchain network created with the EOSIO software that aims to bring speed and scalability to smart contracts for decentralized finance (DeFi), nonfungible tokens (NFTs), gaming and social media. Data from Cointelegraph Markets Pro …

Nonfungible tokens (NFT) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month weakness seen in Bitcoin (BTC) and other large-cap crypto assets. One project that has benefited from the persistent bullishness in the NFT space is ImmutableX (IMX), a layer-two scaling solution for NFTs on the Ethereum network designed to offer near-instant transactions and zero gas fees for minting and trading Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.99 on Jan. 24, the price of IMX gained 116% to hit a daily high of …

WazirX exchange's native token WRX benefited the most from India's latest u-turn on crypto this week. WRX price jumps on India tax news WRX price surged nearly 30% to over $1, hitting a three-week high after the Indian government announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that even contemplated an outright ban on the emerging industry. $WRX - Up on news! https://t.co/Ln504eUZzm pic.twitter.com/zN3pW84DPY — Yo! Crypto ₿ (@YoCrypto) February 1, 2022 In her budget speech on Tuesday, Finance Minister Nirmala Sitharaman said that they plan to tax the income from …