The Shiba Inu (SHIB) market is in a very strong bull market in 2021, and one major continuation pattern on its longer timeframe charts highlights the scope for an additional 90% upside move ahead. In detail, SHIB rose over 1,250% year-to-date (YTD) to establish the yearly high at $0.00003528 (data from Binance) on Oct. 8. Later, the cryptocurrency cracked under the profit-taking sentiment, leading to a 41.50% price correction to $0.00002060. But bulls started accumulating SHIB near the said low level. A rebound ensued and the price rallied over 55% to $0.00003200, where it met another round of selloffs. Overall, …

Dogecoin (DOGE) may have landed major proponent Mark Cuban in hot water as it hits its lowest against Bitcoin (BTC) in over half a year. "Now price it in bananas" Data from Cointelegraph Markets Pro and TradingView showed DOGE/BTC trailing at 412 satoshis (0.00000412 BTC) on Oct. 14 — down from highs of 1,284 satoshis (0.00001284 BTC) in April. As Bitcoin outpaces altcoins en masse this month, the pain has been especially intense for Dogecoin investors after months of public campaigning by both Cuban and others, including the world's richest man, Elon Musk. Nothing has been able to reverse the …

Tesla’s bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC’s price has been rallying in October to hit over $58,000 on Oct. 14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today’s prices, according to online monitoring resource Bitcoin Treasuries. This is approximately 65% or $1 billion more than what the carmaker paid in February when Elon Musk’s company revealed that it had added $1.5 billion in BTC to its balance sheet. In Q2, Tesla sold 10% of its Bitcoin holdings — about 46,000 BTC — at a reported average price …

The run-up in the price of Shiba Inu (SHIB) so far in October has pushed the SHIB token to become the 20th largest digital asset by market capitalization. Shiba Inu's circulating market valuation jumped to $11.08 billion earlier this week and is currently above $10 billion, putting it in the top-20 by market cap for the first time. As a result, the Dogecoin-inspired meme cryptocurrency became more valuable than popular blockchain projects like Stellar (XLM), Polygon (MATIC) and Tron (TRX). The growth in Shiba Inu's valuation came on the heels of a tweet published by Elon Musk. On Oct. 4, …

What’s next for the green movement of the industry? Considering the environmental consequences of blockchain technology has led to recent innovation in the crypto space. It has encouraged networks like XDC to empower sustainable alternative technological solutions for digital currencies and enterprises wishing to operate with digital assets such as Ledgermail, StorX, GoPlugin, Blockdegree, TradeFinex, stable coins and many more in the future. As more and more developers begin to use cryptocurrencies to integrate with blockchain technology, XinFin is helping to reduce the environmental impact. Learn more about Xinfin Disclaimer. Cointelegraph does not endorse any content or product on this …

Meme coins were some of the earliest breakout stars at the start of this year's bull run and big-name influencers like Elon Musk and Mark Cuban helped to stoke a surge in the price of Dogecoin (DOGE). The success of DOGE eventually spawned th massive litter of dog-themed offshoots that now populate the meme coin pack. This week the pack is once again on the run after Shiba Inu (SHIB) saw a triple-digit breakout and DOGE looks ready to move higher. Bitcoin's (BTC) sudden move above the $55,000 level appears to have kickstarted the move, and even as the price …

Following an overwhelmingly positive response to a Twitter poll on Sept. 21, CEO of AMC Theater Adam Aron announced Wednesday that the chain would officially accept Dogecoin payments for digital gift cards via BitPay Wallet. The Dogecoin community — notoriously passionate for adoption initiatives — tweeted in droves to advocate for the asset's integration within the theater's payment options. Following their success, users can now purchase up to $200 worth of digital gift cards per day. These cards can then be redeemed by theatergoers in cinemas across the United States. Aron was pleasantly surprised by the mass attention, reporting over …

Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, expressed his unwavering endorsement of the cryptocurrency market in an interview at CNBC’s Delivering Alpha 2021 conference on Wednesday, revealing that he is “very bullish” on his personal investment in Bitcoin (BTC). The billionaire businessman owns one of the world’s largest private equity firms, which boasts assets under management (AUM) of $83 billion as of June 30, 2021. Questioned on the potential of digital assets, Bravo spoke with delight on the emergence of the space: “How could you not love crypto? [...] Crypto is just a great system. …

As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Tuesday. According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday. “I suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,” Musk noted, adding, “They don’t like that.” …

The power of the Dogecoin meme is strong despite transaction levels of Dogecoin (DOGE) hitting the lowest they’ve been since 2017. Multiple firms have made DOGE adoption plays this week, including Robinhood, which confirmed that it was going to roll out a new crypto wallet feature in its app next month supporting DOGE deposits and withdrawals. The meme coin’s co-creator, Billy Markus (who no longer works on the project), stated via Twitter earlier today: “Okay we are allowed to overreact now Robinhood wallets is huge news for Dogecoin - it opens up so many users to the real utility of …

Earlier this year, Elon Musk raised concerns about the potential damage the crypto mining industry is doing to the environment. This discussion drew a lot of attention and started a wide conversation on how the industry can decrease its environmental footprint. Michael Saylor, founder of MicroStrategy, famously quipped that Bitcoin (BTC) miners are energy arbitrageurs in their search for cheap or wasted energy. He argues that the bad name earned by crypto is unjustified when comparing the energy consumed by the regular banking ecosystem. There is one project that is not only concerned with energy consumption but also possesses a …

Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an overall bullish trend that started Thursday, wherein SHIB rallied by more than 26%. As a result, the token ended up pushing its returns up by over 40% in just two days of trading. Gains for SHIB started emerging after Elon Musk, CEO of Tesla, tweeted about the arrival of a new Shiba …