Shiba Inu (SHIB) bulls are attempting to retake control of the bearish market which caused a major price crash for the meme coin last week. To confirm the bullish sentiment, there has been an uptick in whale transactions on the Shiba Inu (SHIB) network, followed by a 10% price spike for SHIB. Also, Tradecurve, a new decentralized finance (DeFi) exchange is showing bullish signs, and could rally by more than 30% in the coming weeks.
- Whale Alert has reported a spike in large SHIB transactions
- A single whale moved SHIB worth $25.6 million to an unknown wallet as Shiba Inu’s sentiments shift to positive
- Tradecurve is also showing bullish signals, with a potential to rally from $0.018 to $0.025 in the coming weeks.
Shiba Inu Whales Re-activate, Move $25.6 Million Worth of SHIB
Shiba Inu (SHIB), the second biggest meme coin, has recently recorded an uptick in whale transactions on the network, marking a change in market sentiment. The popular blockchain-tracking service, Whale Alert, reported that a single Shiba whale moved over 3.81 trillion SHIB tokens worth over $25.6 million to an unknown wallet.
According to on-chain data, the Shiba whale paid a little over $1 as transaction fees for moving SHIB worth over $25.6 million. The uptick in whale transactions follows a sentiment change as bulls look to now regain control of the Shiba Inu market after weeks of bear dominance. The price of Shiba Inu (SHIB) is now up by 10% from its lowest point in the last seven days.
Because of the price jump, IntoTheBlock has reported that over 1 trillion SHIB has now risen to break even, with their holders regaining the initial value of their investment. At the time of this writing, SHIB now trades at $0.000007116, and its $4.2 billion market cap makes Shiba Inu the 18th largest cryptocurrency.
Bullish Signs for Tradecurve (TCRV), Is Another Rally Coming?
Another digital asset showing clear bullish signals is Tradecurve (TCRV), a new decentralized finance exchange. TCRV had set a new all-time high of $0.018 during the bear market.
The bullish signals being flashed by Tradecurve now suggest that another 30% rally could be possible to take the price of TCRV as high as $0.025 in the coming days.
Tradecurve has remained bullish despite the poor sentiment of the market because of its potential to transform the DeFi space. Tradecurve is building the first DeFi exchange where users will be able to trade crypto alongside financial instruments from the global market, including forex, stocks, options, CFDs, ETFs, and more.
Experts are bullish that Tradecurve has the potential to transform the DeFi space because it would effectively be bridging the over-the-counter derivatives market with a value of $632 trillion with the DeFi space.
No DeFi platform has ever had the potential to connect to a market of this magnitude, and experts believe Tradecurve’s utility token, TCRV, would greatly benefit as a result. The short-term $0.025 prediction is not as bullish as the $1.5 per token experts predict TCRV would be valued at before the end of 2023.
Visit the links below to get more information about Tradecurve and the TCRV token:
- Website: https://tradecurve.io/
- Buy presale: https://app.tradecurve.io/sign-up
- Twitter: https://twitter.com/Tradecurveapp
- Telegram: https://t.me/tradecurve_official
